News

BitGo Stock Plunges Below IPO Price on Second Day of Trading

BitGo's stock fell below its initial public offering (IPO) price on its second day of trading, reflecting investor concerns about the company's growth prospects in the competitive cryptocurrency market. The stock opened at $10 but dropped to around $9.50, indicating a decline of approximately 5%. Analysts suggest that the volatility in the crypto sector and regulatory uncertainties may be contributing factors to the stock's poor performance. Despite the initial excitement surrounding the IPO, market sentiment appears cautious as investors assess BitGo's long-term viability.

Read the full article: Decrypt

Bitcoin Stuck in Neutral, But This Gaming Token Is Going Parabolic

Bitcoin remains stagnant, showing little movement in its price as traders await significant market developments. In contrast, a specific gaming token has experienced a dramatic surge, skyrocketing in value and attracting considerable attention from investors. This divergence highlights the varying dynamics within the cryptocurrency market, where some assets are thriving

R3 bets on Solana to bring institutional yield onchain

R3 is partnering with Solana to enhance institutional yield opportunities on-chain. The collaboration aims to leverage Solana's high throughput and low transaction costs to attract institutional investors seeking yield generation. R3's Corda platform will integrate with Solana, allowing institutions to access decentralized finance (DeFi) products more

Can Stablecoins Break Free From the US Dollar?

The article explores the potential for stablecoins to detach from their traditional peg to the US dollar, highlighting the growing interest in alternative backing assets. It discusses various stablecoin models, including those pegged to commodities or other currencies, and examines the implications for market stability and regulatory frameworks. Key players

Here is why investors are snubbing Michael Saylor’s 10% dividend offer in Europe

Investors are largely rejecting Michael Saylor's 10% dividend offer for his Bitcoin-focused company, MicroStrategy, in Europe. Concerns about regulatory scrutiny and the sustainability of such high returns are causing hesitation among potential investors. Additionally, the overall market sentiment towards cryptocurrencies remains cautious, with many prioritizing stability over high-risk

Read more

Bitcoin Stuck in Neutral, But This Gaming Token Is Going Parabolic

R3 bets on Solana to bring institutional yield onchain

Can Stablecoins Break Free From the US Dollar?

Here is why investors are snubbing Michael Saylor’s 10% dividend offer in Europe