Tags : stock

Bitcoin

HSBC reportedly bans customers from trading this Bitcoin-linked stock

UK-based Hongkong and Shanghai Banking Corporation (HSBC), one of the world’s biggest banks by assets under management, has reportedly banned customers from trading the stock of business analytics firm MicroStrategy due to its links to Bitcoin, as per a leaked email circulating on social media. HSBC FUD HSBC’s new “policies” on virtual currencies say that […]Read More

Regulation

Why did South Korea just say ‘no’ to a Bitcoin

Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange? Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest A Korean crypto company had ambitious plans to launch a Bitcoin exchange-traded fund (ETF) in the crypto-frenzied market last week. But the […]Read More

Bitcoin

Bitcoin’s Correlation to the Stock Market Continues to Fall: A

As decentralized digital assets, Bitcoin and the crypto market at large has often been regarded as an isolated bubble or safe haven from the traditional stock market. But as an asset class, cryptos have always been fundamentally tied to equities, closely tracing price levels of major indices. This was clearly displayed in the global stock […]Read More

Market

Canadian Firm Files for Bitcoin ETF on Toronto Stock Exchange

A preliminary prospectus for a new bitcoin exchange-traded fund (ETF) has been filed with Canada’s securities regulators. Investment firm Accelerate Financial Technologies announced Wednesday it is seeking approval to list the Accelerate Bitcoin ETF on the Toronto Stock Exchange (TSX) under the ticker “ABTC.” The ETF would offer units denominated in both the U.S. dollar and […]Read More

Market

A GameStop-Like Mania Is Unlikely in China’s Stock Market

Could GameStop-style short-selling speculation show up in China’s stock market?  Last week’s market frenzy in the U.S. may have inspired China’s crypto community to make more bets on dogecoin (DOGE) and bitcoin (BTC), but even the boldest traders are unlikely to try stirring up that kind of short-selling speculation in Chinese stocks. “The Chinese financial […]Read More

Market

Exchange Tokens Hit New All-time Highs as Stock Traders Rush

Some retail equities traders, frustrated with recent restrictions on stock buying on trading platforms including Robinhood, are turning their attention to centralized and decentralized cryptocurrency exchanges (CEX and DEX, respectively), according to new data. That’s helping to drive several of these exchanges’ tokens to new highs. Last week GameStop (GME) and and other stocks involved […]Read More

Market

Portfolio App Blockfolio Adds Crypto, Stock Trading to Capitalize on

Blockfolio has launched zero-fee cryptocurrency trading within its portfolio tracking app, according to an announcement Friday. The firm is also listing all tokenized stocks listed on derivatives exchange FTX in the trading service (available to non-U.S. users only). A Blockfolio representative told CoinDesk it decided to include these offerings due to the ongoing situation with […]Read More

Market

Robinhood CEO: We Weren’t ‘Forced’ to Limit Stock Buying Amid

Despite chatter circulating Thursday that Robinhood had been compelled to halt trading of stocks being targeted by a Reddit group, the firm’s CEO said it alone had made the decision in order to safeguard the firm. In a video interview on Thursday with Bloomberg’s Emily Chang, Vlad Tenev said the rumors were “categorically false” and […]Read More

Market

Retail Traders Sue Robinhood Over Meme Stock Restrictions

Retail traders in two U.S. states sued Robinhood Markets Thursday over its decision to prevent buy orders on GameStop and other so-called “meme stocks” swept up in the Reddit-fueled trading frenzy. The separate suits slam Robinhood over a decision that had immediate repercussions for impacted shares. GameStop, which had been soaring for days on short […]Read More