Cryptocurrency

Bots have been hyping GameStop Corp (NYSE: GME) and other so-called meme stocks across social media platforms, Reuters has reported.  What Happened: According to Massachusetts-based cybersecurity company PiiQ Media, some organized or foreign actors may have played role in...

Cryptocurrency exchange Coinbase has filed for a direct listing to bring shares to the public market. The company’s direct listing could value the company at $100 billion, according to Axios. Coinbase last raised funds in 2018 at an $8 billion valuation. In 2017, Coinbase was valued at $1.6...

What Happened: Strategists at JPMorgan Chase & Co. (NYSE: JPM) have endorsed a one percent allocation to Bitcoin in a note to clients. Analysts from the multinational investment bank have suggested that such an allocation could serve as a hedge against fluctuations in traditional...

Highclere Castle Spirits has transacted a payment with one of its distributors using Bitcoin (CRYPTO: BTC), which the company said could be the first transaction within the U.S. spirits industry using cryptocurrency. What Happened: The Essex, Connecticut-based Highclere Castle Spirits sold 10 cases...

According to a report from trading app Robinhood, six million new users bought cryptocurrencies in 2021 alone. What Happened: The report titled “Crypto Goes Mainstream” reveals that January alone saw 3 million new crypto users, and the month of February brought in over 2....

The Cardano blockchain’s native cryptocurrency ADA (CRYPTO: ADA) has rallied over 474% in 2021. What Happened: ADA was up over 7% in the past 24-hours while Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and most altcoins were down by the same amount. This may come down to the fact that...

Bitcoin price correction has taken it below $47,000, but advocates remain bullish.  It's been a tough week for the world's most famous cryptocurrency. On a year-long rally of over 400%, the runner stumbled and Bitcoin fell below the $48,000 barrier. In a recent video, Ben Armstrong,...

Last week marked another big milestone in the ever-evolving cryptocurrency story with the introduction of a pair of bitcoin ETFs to the Toronto Stock Exchange, the first of their kind to trade on a major North American exchange. But while the approval of the funds caught some off-guard, the...

Cardano (CRYPTO: ADA) traded marginally in the green at press-time. ADA outpaced both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were in the red. What Happened: ADA traded 0.15% higher at $1.03 at press time. BTC and ETH traded 7.79% and 8.58% lower at $46,060.24 and $1,469.55...

CNBC host Jim Cramer said Thursday that GameStop Corporation (NYSE: GME) could justify its share price by turning into a cryptocurrency play. What Happened: The “Mad Money” host made references to other companies like Paypal Holdings Inc (NASDAQ: PYPL) and Nvidia Corporation (NASDAQ:...

Benzinga CEO Jason Raznick and O’Shares ETF Investments Chairman Kevin O’Leary participated in a YouTube discussion with O’Shares CEO Connor O’Brien Thursday, covering topics such as Reddit’s WallStreetBets, potential economic recovery trades and the recent volatility...

A day after Square Inc (NYSE: SQ) reported its fourth-quarter results and announced the purchase of $170 million worth of Bitcoin (CRYPTO: BTC), an analyst at Guggenheim Securities upgraded the shares of the payment processor. The Square Analyst: Jeff Cantwell upgraded Square shares from Neutral...

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week we asked 1,000 Benzinga readers on why they bought the popular meme cryptocurrency Dogecoin (Crypto: DOGE...