Showing 4 Result(s)

Crypto stocks kick off week down bad

Share prices of companies in the cryptocurrency industry plunged after the market opened on Monday, with names like Coinbase and Galaxy Digital trading down by double digits.  Coinbase kicked off Monday’s session down more than 10%, while MicroStrategy — the firm known for hoarding bitcoins on its balance sheet—was down 13.9%. Galaxy — the merchant bank run by Michael Novogratz —was trading down 17%.  The bearish start to the week for crypto stocks follows a rough weekend for liquid crypto …

Crypto and fintech stocks rally after months-long slide

Quick Take Fintech and crypto stocks were among the leaders in Tuesday’s market rebound. Galaxy Digital and Coinbase were both up more than 5%. Financial-technology and cryptocurrency companies like Coinbase and Wise enjoyed a rebound on Tuesday, a much-needed relief for a group of stocks that have been shunned by Wall Street over the past few months.  The S&P 500 snapped a five day losing streak after a trading session in which Wall Street digested fresh comments on inflation and …

A look into tokenised securities

January 11, 2022, 3:11PM EST • 10 min read Quick Take Tokenised securities first launched in December 2020 but are still struggling to gain traction with users. Mirror Protocol historically dominates the competition regarding user activity and trading volumes. The market for tokenised securities makes up a relatively small fraction of the equivalent equities markets. Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and …

Share price of Kazakh superapp Kaspi plummets as unrest continues

The share price of Kaspi, the LSE-listed fintech super-app used by around half of the Kazakh population, has fallen sharply as the country experiences a period of turbulence. The stock hovered at $113.80 as markets opened on Wednesday but sharply dropped to as low as $71, before recovering slightly to above $80. At the time of writing, Kaspi’s website was not accessible, likely due to widespread internet outages in the country.  On Sunday, protests in Kazakhstan began when the government lifted …