Ball Corp is lower in mid-day trading. The maker of glass jars for home canning is ceasing production at its Phoenix, Arizona, and St. Paul, Minnesota, facilities due to lower customer demand. The company is also delaying construction of a new beverage can manufacturing facility in North Las Vegas, Nevada. “To balance the near-term effects... Read more
BlackRock, the world’s largest asset manager with over $10 trillion in assets under management (AUM), is launching bitcoin trading services for institutional clients in a new partnership with Coinbase, per a blog post from the exchange. Coinbase will leverage its institutional brokerage platform Coinbase Prime to provide BlackRock’s end-to-end investment management platform Aladdin direct access... Read more
Aug 4 (Reuters) – Cryptocurrency exchange Coinbase Global Inc (COIN.O) said on Thursday it has partnered with BlackRock (BLK.N), the world’s largest asset manager, to provide institutional clients with access to crypto trading and custody services. The news comes when the industry has been battered in a so-called “crypto winter” as investors dump risky digital... Read more
Bloomberg Markets Americas. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Sanjay Shah used an obscure loophole to go from unemployed trader to $700 million whale in just a few years. Now regulators are after him for what they consider... Read more
During the company’s Q2 earnings report, the electric car company revealed it has sold 75% of its Bitcoin holdings this quarter. The company sold the coins for $963 million. In February of last year, the company announced it had purchased $1.5 billion worth of the cryptocurrency with its balance sheet capital and furthermore that they... Read more
There’s a kind of “storm” brewing, but I haven’t seen many folks in the crypto-sphere talking about it, and I certainly haven’t seen it on mainstream media channels. This is something I think everyone should be prepared for, because I believe it might represent the last great opportunity we’re going to see in a long... Read more
Business Insider reported that Coinbase is temporarily shutting down its affiliate-marketing program in the US. According to an email sent to three creators, the crypto exchange will suspend its program from July 19th, citing the current market conditions and the negative outlook for the crypto industry. Ben Armstrong, a major crypto influencer and creator of... Read more
Crypto data aggregator CoinGecko has in a recent report disclosed that the Decentralized Finance (Defi) market suffered heavily in the second quarter (Q2) of 2022. According to the report, the total market cap of Defi fell from $142 million to $36 million, which is a 74 percent decline in the period under review. The reason... Read more
Coinbase is bleeding customers so quickly that it has collapsed out of the top 10 global cryptocurrency exchanges, dropping from fourth to 14th in just eight months. While many retail buyers, who make up 95% of Coinbase’s customer base, have fled crypto since the price of bitcoin collapsed 70% beginning in November, it does not... Read more
Celsius Network, one of the world’s largest cryptocurrency lenders, has filed for bankruptcy protection, a month after freezing customer assets in the wake of a sharp turbulence in the crypto market that has toppled business models of several firms. The New Jersey-headquartered startup, which was valued at $3.25 billion when it extended its “oversubscribed” Series... Read more
