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Day: December 4, 2021

Cramer says he plans to own Costco for the long term. Here’s why

KEY POINTS CNBC’s Jim Cramer said Friday he intends to own Costco for the long term. The “Mad Money” host cited the wholesale retailer’s pricing power as the key reason. “They could snap their fingers and become more profitable practically overnight. That makes Costco a member of a very small club,” he said. CNBC’s Jim Cramer said …

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Defiance ETFs’ NFT-Linked ETF Soon to Launch in the U.S.

One U.S. money manager is looking to tap into non-fungible tokens (NFTs) – one of the hot trends on the blockchain – as approval for a conventional cryptocurrency exchange-traded fund (ETF) is still nowhere in sight. Defiance ETFs’ Defiance Digital Revolution ETF (ticker NFTZ) is launching on Thursday and will track blockchain-related firms and the NFT index. …

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FTX releases crypto regulation proposals before US congressional hearing

The “FTX’s Key Principles for Market Regulation” blog consists of a 10-points proposal aiming to help U.S. regulators build a crypto-centric regulatory framework. Bahamian-based cryptocurrency exchange FTX released a list of principles and proposals to help policymakers build the regulatory framework. The policy recommends the market-structure choices made by several leading crypto exchanges and suggests …

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Binance Names Three Nigerian Reality TV Show Celebrities as African Ambassadors

Binance has named three former housemates from the popular Nigerian reality television show “Big Brother Naija” as the cryptocurrency exchange’s brand ambassadors for the African continent. Bringing Crypto to the Mainstream Leading cryptocurrency exchange Binance has said as part of its plan to increase its foothold on the African continent, it has partnered with three …

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MOST PUBLIC BITCOIN MINERS ARE THRIVING

Five public miners produced a total of 1,475 bitcoin in November, worth nearly $80 million. The bitcoin mining industry is booming, and public miners are employing all their efforts to increase daily production and refrain from selling. Marathon Digital, Hut 8, Riot Blockchain, Bitfarms, and HIVE produced a combined total of 1,475 BTC in November, …

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Bitcoin Drops $9K in an Hour on Spot Market Selling; El Salvador Again Buys The Dip

The cryptocurrency is currently trading around $47,960. The price of bitcoin plummeted early Saturday, falling nearly $10,000 in roughly an hour to a temporary low of $42,000 before bouncing up to $45,000. Bitcoin has fallen some $15,000 over the past 24 hours. Ether, the second largest cryptocurrency by market capitalization, fell around $1,100 over the …

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