GameStop (GME) Announces Four-For-One Stock Split; Shares Rise

GameStop (GME) Announces Four-For-One Stock Split; Shares Rise

GameStop Corp. announced a four-for-one stock split in the form of a dividend, becoming one of the latest companies to do so as the practice has gained in popularity. Share splits had almost disappeared from U.S. stock markets before Apple Inc. and Tesla Inc. revived the practice after splitting their stocks in 2020. Amazon.com Inc. … Read more

Bitcoin inches up above psychological threshold of $20,000

FILE - An advertisement of Bitcoin, one of the cryptocurrencies, is displayed on a building in Hong Kong, on Nov. 18, 2021. Bitcoin and other cryptocurrencies were collapsing in price Monday, June, 13, 2022 after the major crypto lender Celsius halte

OAKLAND, California — The price of a bitcoin inched above $20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological threshold a day earlier. The price of the world’s most popular cryptocurrency was $20,129.70 as of Sunday afternoon. On Saturday, bitcoin had plunged as much as 9.7% to less than $18,600 … Read more

Bitcoin Bounces After Rout But Vibe Is Still ‘Strongly Negative’

Bitcoin Bounces After Rout But Vibe Is Still ‘Strongly Negative’

Bitcoin snapped a 12-day slide, bouncing along with the rest of the cryptocurrency market after a record-breaking string of declines. Analysts cautioned the respite may be brief. The world’s largest cryptocurrency climbed as much as 12% early Sunday, recouping much of its losses from a steep drop Saturday that sent the token to as low … Read more

Coinbase lays off 18% as execs prepare for recession, ‘crypto winter’

Coinbase lays off 18% as execs prepare for recession, 'crypto winter'

Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices. The cryptocurrency exchange will cut 18% of full-time jobs, according to an email sent to employees Tuesday morning. Coinbase has roughly 5,000 full-time workers, translating to a head count reduction of around 1,100 people. Shares of … Read more

Crypto Lender Celsius’s Coin (CEL) Falls 53% as the Company Freezes Withdrawal

Crypto Lender Celsius's Coin (CEL) Falls 53% as the Company Freezes Withdrawal

A month after the implosion of the Terra stablecoin sent the crypto market reeling, another crisis is causing fresh angst across the entire digital-asset universe. Celsius Network Ltd., one of the biggest lenders in crypto and a key player in the world of decentralized finance, said late Sunday that it was pausing withdrawals, swaps and … Read more