Financial Stocks

AMC to accept Ethereum, Litecoin besides Bitcoin for booking tickets

 AMC to accept Ethereum, Litecoin besides Bitcoin for booking tickets

Highlights AMC Entertainment Holdings, Inc. (NYSE: AMC) said it will accept Ethereum, Bitcoin Cash, and Litecoin besides Bitcoin for booking online tickets. The AMC stock fell 1.71% to US$46.04 at the market close on Thursday. Bitcoin (BTC) wa...

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Why is SEC threatening to sue Coinbase (COIN)?

Why is SEC threatening to sue Coinbase (COIN)?

Highlights Coinbase (NASDAQ: COIN) gets notice from the Security and Exchange Commission asking it to stop the launch of the ‘Lend’ product. The matter pertains to a dispute over whether to consider ‘Lend’ as a security ...

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Crypto market crash Tuesday – key developments

Crypto market crash Tuesday – key developments

Highlights Bitcoin and other cryptocurrencies saw a freefall on Tuesday morning after a supposed meme effect and a glitch in the Chivo Wallet created by El-Salvador to popularize cryptocurrency use. The value of the global cryptocurrency market...

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Binance US eyes IPO in next three years

Binance US eyes IPO in next three years

Highlights Binance CEO Changpeng Zhao revealed plans for an IPO in the next three years. Binance has been facing regulatory issues over money laundering charges. Recently, the Monetary Association of Singapore (MAS) has put Binance.com under t...

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Why is Avalanche crypto catching the eye of investors?

Why is Avalanche crypto catching the eye of investors?

Highlights Avalanche prices surged 7.31 percent as SushiSwap joins its program, Avalanche Rush. Aave and Curve, the DeFi applications, had joined the program earlier. Avalanche price rose by 251 percent since August 1. Cryptocurrency Ava...

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Roundhill ‘MEME’ ETF makes a buzz after SEC filing

Roundhill ‘MEME’ ETF makes a buzz after SEC filing

Highlights Roundhill Investments on Thursday filed for a Roundhill MEME ETF under the ticker ‘MEME’. The ETF will track the Solactive Roundhill Meme Stock Index. The MEME ETF will have an expense ratio of 0.69%. The meme stock...

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Which are the top US banks investing in cryptocurrency, blockchain?

Which are the top US banks investing in cryptocurrency, blockchain?

Highlights Bank of New York Mellon Corp. (NYSE: BK) invested US$321 million in blockchain projects. Citigroup Inc. (NYSE: C) has invested US$279 million in 14 cryptocurrency companies. UBS Group AG (NYSE: UBS) invested US$266 million in crypto...

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Are you an NFT fan? Check out these seven hot NFTs in the market

Are you an NFT fan? Check out these seven hot NFTs in the market

Highlights The Non-Fungible Tokens (NFTs) are unique; buyers get their ownership rights, but copyrights remain with the creators. People can buy or sell NFTs using cryptocurrencies on various platforms. NFTs are like digital collectibles; howe...

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Are these six blue-chip stocks primed to lead the banking recovery?

Are these six blue-chip stocks primed to lead the banking recovery?

Highlights American Express Co’s (AXP) total revenue was US$10.3 billion in Q2, 2021. Bank of America Corp (BAC) reported an income of US$9.2 billion in Q2, 2021. Visa Inc’s (V) gross profit was US$4.8 billion in Q2 this year. ...

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Seven hot blockchain ETFs to explore as crypto market heats up

Seven hot blockchain ETFs to explore as crypto market heats up

Highlights Siren Nasdaq NexGen Economy ETF (BLCN) traded at US$41.21 in the premarket session on August 25. First Trust Indxx Innovative Transaction & Process ETF (LEGR) has an AUM (assets under management) of US$120,610. VanEck Vectors Di...

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What is crypto mining and how do they affect carbon footprint?

What is crypto mining and how do they affect carbon footprint?

Highlights Miners mine the crypto coins from virtual rigs using codes through a mathematical process. A traditional banking institution's activities are governed by a centralized agency, whereas such an organization does not monitor cryptocurre...

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