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Bitcoin Miner Maker Canaan's Stock Hits Record Low 1 Month After Halving

Bitcoin Miner Maker Canaan’s Stock Hits Record Low 1 Month After Halving

Shares of Canaan Creative, one of the few publicly traded crypto miner manufacturers, plummeted below $2, their lowest after going public in November.  The Nasdaq-listed stock has been steadily falling since the bitcoin halving on May 11, according to data from Yahoo Finance. It closed at $1.98 at the end of the trading session Monday, …

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Coinbase’s former top lawyer sold $4.6 million in stock when he left the exchange for OCC

Coinbase’s former top lawyer sold $4.6 million in stock when he left the exchange for OCC

Brian Brooks, the former chief legal officer of Coinbase, liquidated $4.6 million worth of stock options when he left the cryptocurrency exchange in March for a top role at the Office of the Comptroller of the Currency (OCC). Bloomberg reported the news on Tuesday, citing Brooks’ financial disclosures filed with the government. Besides the stock …

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Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week

Market Wrap: Bitcoin Dips as Stock Markets Close Lower on the Week

Bitcoin’s steady price gains over the past few days ended Friday. With the halving in the rearview mirror, cryptocurrency traders could consider the impact of a continued global economic slowdown after new data showed retail sales dropped to record lows and unemployment numbers continue to worsen. The world’s first cryptocurrency is trading below its 10-day …

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Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

Shares of cryptocurrency mining firm Hut 8 Mining Corp. (TSX:HUT) surged 32 percent with unusually high trading volume on the Toronto Stock Exchange Friday.  The huge, surprising bounce for the stock arrives after the firm warned earlier in April that coronavirus-related issues might hurt its business.  Like cryptocurrencies themselves, mining company stocks are prone to …

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