Day: December 30, 2021

Dec 30
SEC chair has a new senior adviser for crypto

Corey Frayer has worked as a staff member of the Senate Banking Committee as well as a senior policy adviser for some members of the House Financial Services Committee. 2515 Total views 41 Total shares United States Securities and Exchange Commission (SEC) chair Gary Gensler has added a new staff member who will offer advice […]

Dec 30
AMD pushes back timeline for closing of Xilinx merger

With just one day to go in the year, Advanced Micro Devices Inc. AMD, -2.10% admitted Thursday that its acquisition of fellow semiconductor company Xilinx Inc. XLNX, -1.71% would not close by the end of 2021, but did say it expects the deal to be sealed early in the new year. In a joint, uncredited […]

Dec 30
Russian bank Sber launches blockchain ETF tracking Coinbase, Galaxy Digital

Called “Sber — Blockchain Economy,” the ETF will trade under the ticker SBBE and track major crypto companies. 3330 Total views 46 Total shares Sber, the Russian government-backed company and the largest bank in the country, is launching a blockchain exchange-traded fund (ETF) to track the performance of major crypto companies, such as Coinbase and […]

Dec 30
U.S. oil's 7-session rally helps to deepen climb to highs not seen since late November

U.S. oil futures end higher Thursday, with crude turning positive intraday as fading omicron concerns and signs of strong uptake of energy-related assets helped to support year-end buying. West Texas Intermediate crude for February delivery CLG22, +0.18% CL00, +0.18% traded 43 cents, or 0.6%, higher to end at $76.99 a barrel on the New York […]

Dec 30
Santo Blockchain to deliver 50 Bitcoin ATMs to Panama

Panama is doing its best to keep up with El Salvador’s Bitcoinization with the installation of 50 Bitcoin (BTC) ATMs in 2022. Thanks to Santo Blockchain, 50 of the planned 300 ATMs will begin shipping to Latin America in early 2022. A vertically integrated blockchain and cryptocurrency company with offices in Saigon, Vietnam and Panama […]

Dec 30
EIA reports decline of 136 billion cubic feet in natural-gas supplies for week ended Dec. 24

The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas fell by 136 billion cubic feet for the week ended Dec. 24. That is more than the 127 Bcf average decline forecast by analysts polled by S&P Global Platts. The weekly drawdown also is greater than the five-year average draw of […]

Dec 30
MicroStrategy purchases 1,914 Bitcoin, now holds almost $6B in crypto

The company’s holdings are valued at roughly $5.9 billion, representing more than $2.1 billion in gains since its initial purchase in August 2020. 1592 Total views 22 Total shares Business intelligence firm MicroStrategy has added $94 million worth of Bitcoin (BTC) to its holdings after purchasing the crypto asset at an average price of $49,229. According […]

Dec 30
Ocugen's stock bounces after 'positive' results from COVID-19 vaccine candidate in children as young as 2 years old

Shares of Ocugen Inc. OCGN, +13.36% surged 6.4% in morning trading Thursday, to bounce off a near 11-month low, after the biopharmaceutical company said its partner, Bharat Biotech, reported positive results from a trial of its COVID-19 vaccine candidate. In a Phase 2/3 trial in India, the company said Covaxin demonstrated in children 2-to-18 years […]

Dec 30
Bitcoin ‘died’ 45 times in 2021 as media still eager to post BTC obituaries

438 Bitcoin obituaries have been counted since 2010, and the year 2017 still remains to account for most “deaths.” 798 Total views 9 Total shares As Bitcoin (BTC) was hitting new historical highs above $68,000 this year, global cryptocurrency naysayers were increasingly blasting BTC for its extreme volatility and potential risks. According to Bitcoin Obituaries […]

Dec 30
Tesla stock falls after recalling more than 350,000 Model 3 EVs to fix rearview camera issue

Shares of Tesla Inc. TSLA, -0.21% fell 1.2% in premarket trading, putting them on track for a third-straight decline, as the electric-vehicle industry leader announced a voluntary safety recall of 356,309 Model 3 vehicles, citing potential issues with rearview cameras. The company said in a notice to the National Highway Traffic Safety Administration it was […]