Crypto-associated stocks hammered as COIN and HOOD drop to record lows
The stock price of listed BTC mining companies and other businesses with exposure to cryptocurrency are dropping to yearly lows as the crypto market continues to sell-off. Bad news continues to dominate crypto media headlines and May 12's juiciest tidbit was the unexpected collapse of the Terra ecosystem. In addition to the weakness seen in equities, listed companies with exposure to blockchain startups and cryptocurrency mining have also declined sharply.Bitcoin mining stocks continue bleeding... Mining investors probably wish they had simply bought bitcoin instead at the beginning of....
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It looks like crypto has a Robin Hood. About a week ago, someone named Hood started the Twitter handle @savethemhood. They promptly sent out these three tweets: I am here for the greedy. Taking the crumbs and spreading them to those in need. - Hood (@savethemhood) March 14, 2014The top wealthiest 1% possess 40% of the United States wealth. - Hood (@savethemhood) March 15, 2014I've been watching the dogecoin community. They have pure intentions. I will extend a hand out to help. - Hood (@savethemhood) March 15, 2014What happened next was amazing, even by the highly charitable standards of....
As crypto trading cools down, the ability to trade stock on FTX US might be only months away, according to a tweet from the exchange’s president. Bitstamp USA has also signaled it's looking at stocks. Crypto exchanges FTX US and Bitstamp USA are working on offering stock trading, which would be a further blow to Robinhood as its share price slumps to new lows. FTX US President Brett Harrison tweeted on Tuesday that the crypto exchange is “hard at work on stocks,” commenting that a launch would be coming in “a couple months.” We’re hard at work on stocks! Features we’re planning for day 1:....
Market analysts are nonplussed by HOOD stock price as long as it continues to ramp up its presence in the cryptocurrency trading space. As Robinhood struggles with its declining share price, could ramping up its cryptocurrency offerings help boost the company’s outlook?Robinhood is a financial services company that also acts as a retail trading platform for ordinary users. It's known for meme stocks and currently offers seven cryptocurrencies for trading.Since Aug. 4, Robinhood (HOOD) has fallen nearly 70% from its ATH of $70.39 to $25.94, and it’s been below the $38 IPO price for weeks.....
Bitcoin has undergone a strong drop over recent days as legacy markets have been dragged lower. The cryptocurrency fell from its $11,200 local highs to lows at $10,200, marking a drop of nearly 10%. The coin now trades at $10,400 as of this article’s writing, only marginally above the aforementioned lows. Bitcoin is under the pivotal $10,500-10,600 support level despite the recovery, leaving some bearish. Not everyone thinks that this is it for Bitcoin’s bull […]
The digital currency dogecoin has become popular for its use in tipping on reddit and its community's willingness to contribute to worthy causes. Now, however, an anonymous character known only as 'Hood' is highlighting the altruistic side of the dogecoin community even further by giving away thousands of dollars-worth of the altcoin to address social injustice. In one tweet, he (if indeed Hood is a he) said: An upcoming project to help those that can no longer afford rent in a city they call home. http://t.co/xTlPFc0hVv. - Hood (@savethemhood) March 25, 2014. Hood, whose Twitter slogan is....