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4 Crypto Penny Stocks to Watch Right Now Penny stocks are volatile. For as many highs that we see, there are twice as many lows. Picking the right penny stocks from the thousands on offer is the challenge. Successful investment decisions can still occur with proper research and taking relevant trends seen in the market into consideration.  However, when considering penny stocks to buy, some trends can also be misleading. This can result in buying in at overvalued price per share and ending i...

4/12/2021 2:18:54 PM GMT | By Yohay Elam Sos Ltds shares have been rising by some 7% in response to upbeat news.  The blockchain company has announced the purchase of three US-based power plants. Expanding its digital mining operations may boost the firms fortunes. NYSE: SOS shares are still down on the month. What does a cryptocurrency company need apart from the rising prices of digital coins? In the case of SOS Ltd. (NYSE: SOS), the answer is more min...

Bitcoin (BTC) mining play. What Happened: Hindenburg, the same short-seller that called the automaker Nikola Corporation (NASDAQ:NKLA) an “intricate fraud,” has now alleged in a report that Ebang is “yet another cautionary tale for inexperienced retail investors enthused by anything crypto-related.” The short seller said that Ebang directed $103 million — nearly $11 million more than its entire IPO proceeds — into bond proceeds linked to its underwriter AMTD. Hindenburg alleged th...

The Coinbase direct listing is coming, and it’s expected to be a doozy. The leading crypto exchange will begin trading on the Nasdaq next week, and one can imagine that the timing of this decision was an indication of how confident management was in the company’s Q1 results and guide for 2021 yesterday afternoon. The report serves as a fundamental checkpoint for the space as a whole. And boy howdy: Ring the bell. Talk about a blowout report. Coinbase released performance data yesterday afte...

Bitcoin (BTC) hashing capacity by 460% on a year-on-year basis. What Happened: The company said that it more-than-doubled the number of BTC it held on its balance sheet at 1,078 BTC as of Dec. 31, as compared to 514 BTC on the same date a year earlier. BTC traded 0.43% higher at $59,127.58 making Riot’s holdings worth nearly $63.74 million at press time. Riot reported an increase in mining revenues by 116% to $5.2 million in Q4 2020 compared to $2.4 million for the preceding quarter. The comp...

Sos Ltd (NYSE:SOS) shares closed over 23% higher on Tuesday after the company said it...

One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or ...

If you want to understand why Bitcoin has held up so well in its current bull trend, you need look no further than the difference between the public expression of the Bitcoin views held by JPMorgan Chase & Co. (NYSE:JPM) in 2017 versus its perspective on Bitcoin in 2021. In 2017, JPMorgan CEO Jamie Dimon went on record to say that he would fire any trader that buys or sells Bitcoin “in a second”. It was publicly regarded as dirty, scammy, illegitimate. The domain of criminals and drug deale...

Shares of several cryptocurrency-related companies soared on Tuesday as Bitcoin (CRYPTO: BTC) posted a major recovery from a low of $49,506 on Monday to trade at $54,566.20 at press time. What Happened: Bitcoin equipment manufacturer Canaan Inc (NASDAQ:CAN) shares closed 50.45% higher at $28.69 and rose 3.87% to $29.80 in the after-hours session.  Sos Ltd (NYSE:SOS), which received cryptocurrency mining equipment ahead of schedule in February, saw shares spike 21.09% in regular trading to $...

Better bond action is bringing in buyers of equities, but will they stick around? That's the question raised by James "Rev Shark" DePorre, who says market sentiment has improved, but the key to the price action will be whether there are higher highs following early profit-taking....GME