Reddit Mania now on Cannabis Stocks, Tilray is up More than 25%
Tilray rose 25% on Wednesday, bringing total gains year to date to more than 530%, while shares of a handful of other cannabis stocks also surged. According to CNBC, the…
BTC Futures Open Interest Surges to $15 Billion as Registered ETH Contracts Hits $33M
Bitcoin futures open interest hit a new all-time high above $15 billion on Tuesday, according to Bitcoin.com. Recently launched ETH-based futures on Chicago Mercantile Exchange also recorded $33 million contracts…
Twitter is Considering Adding Bitcoin to its Balance Sheet
Twitter CFO Ned Segal said the social media giant may consider adding bitcoin to its balance sheet, according to The Block. Segal suggested that if Twitter employees and vendors ask…
Biden’s $1.9 Trillion Relief Package Wins 63% of Small Business Owners
63% of small business owners support the $1.9 trillion Covid stimulus package, according to CNBC. The percentage includes 46% of Republican small business owners who also support the legislative proposal.…
Thyssenkrupp Boosts Outlook on Recovery of its Steel Unit
German conglomerate Thyssenkrupp projects to nearly break even this fiscal year, up from expected low triple-digit million euro loss, according to the company’s press release. The raised outlook for the…
Sweden Central Bank Maintains 0% Rate as Inflation Target Remains a Distance
Sweden’s Riksbank has maintained zero rates until the beginning of 2024, despite the economy performing better than feared, according to Bloomberg. The rate decision reflects an economic outlook in which…
Tesla’s $1.5 Billion Bitcoin Investment Boosts Gains in Entities Holding the Digital Token
Shares of companies that have invested in Bitcoin have outperformed on Wall Street due to Tesla’s $1.5 billion bet on the digital currency, according to Reuters. Bitcoin hit a record…
Reddit’s New $250 Million Funding Round Doubles its Valuation
Reddit doubled its valuation to $6 billion after raising more than $250 million, according to CNBC. The funding allows the company to make strategic investments in video, advertising, consumer products…
SpaceX Starts Accepting Preorders for Starlink Satellite Internet Service
SpaceX has opened preorders for its Starlink satellite internet service to prospective users in the U.S, Canada, and U.K for $99, according to CNBC. The orders may take six months…
Bitcoin Enthusiast Miami Mayor Wants to Add the Digital Asset to City’s Balance Sheet
Miami Mayor Francis Suarez is working on a resolution seeking to put Bitcoin to the city’s balance sheet, according to Bloomberg. In a Twitter comment, Suarez said the matter would…
Blink’s Share Has Surged over 3,000% in 8 Months Despite Never Posting Revenues
Blink Charging Co. share has gained more than 3,000% over the past eight months despite having never posted an annual profit in its 11-year history, according to Bloomberg. The green-energy…
Brent Climbs to $60 on Supply Cuts and U.S Stimulus Hopes
Brent oil surged past $60 a barrel, boosted by supply cuts and expectations of fresh U.S economic stimulus measures, according to Reuters. U.S West Texas Intermediate gained 64 cents or…
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