WednesdayJul 10, 2024 10:30 am

CurrencyNewsBreaks – PayPal Holdings Inc. (NASDAQ: PYPL) Stock Performance and Outlook

PayPal Holdings (NASDAQ: PYPL), a leading digital payments platform, has been experiencing a period of stagnation in its stock performance, contrasting sharply with the broader market’s gains, particularly the S&P 500’s climb to new highs. This stagnation comes despite the company’s reported increase in transaction volume, a key indicator of its operational health and potential for revenue growth. PayPal’s ability to generate significant free cash flow (“FCF”) from this increased transaction activity is a critical factor that could drive its stock performance in the near future. The company’s stock has seen a nearly 3% decline this year and an 11% drop over the past twelve months,…

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ThursdayFeb 29, 2024 3:23 pm

CurrencyNewsBreaks – Cboe Canada Collaborates to Launch New AGF ETF Series

Cboe Canada has announced the return of AGF Investments Inc. with the launch of ETF series of AGF Global Real Assets Fund (NEO: AGLR), AGF Total Return Bond Fund (NEO: ATRB) and AGF U.S. Small-Mid Cap Fund (NEO: ASMD) (the “AGF ETF Series”). The three new AGF ETF Series join seven AGF EFTs already listed on Cboe Canada. “We are pleased to partner with AGF Investments once again, as they continue to build out their product shelf and bring new investment mandates and further diversification to the market,” said Erik Sloane, chief revenue officer of Cboe Canada. “It is an honour…

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ThursdayFeb 29, 2024 2:31 pm

CurrencyNewsBreaks – HUMBL Inc. (HMBL), Avrio Partner to Drive Suite of Financial Offerings into Global Markets

HUMBL (OTC: HMBL) and Avrio today announced the acquisition of the HUMBL Financial brand, products and services by Avrio. Avrio is the parent of several companies delivering licensed digital financial market infrastructure and services across public, private and digital markets. Arkonis, Avrio’s ATS technology, is designed to be used by the operators of private markets that facilitate the issuance and secondary trading of securities and includes a Quotation Bureau, a Transfer Agent, and a Qualified Matching Engine for LP investors. Partnering with Avrio provides HUMBL Financial with the global market access needed to efficiently execute its strategies and scale rapidly…

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ThursdayFeb 22, 2024 11:57 am

CurrencyNewsBreaks – SMX (Security Matters) PLC (NASDAQ: SMX) Closes on $2.9M Public Offering

SMX (Security Matters) (NASDAQ: SMX), a company that integrates chemistry, physics and computer science to give materials memory and create a culture of transparency and trust across multiple industries, has closed on an underwritten public offering. The offering was comprised of 12,124,666 ordinary shares offered at $0.24 per share; the offering included prefunded warrants if the purchase of the shares would cause the beneficial ownership of a purchaser in the offering to exceed 4.99% of the ordinary shares. The value of the offering is an estimated $2.9 million before deducting standard underwriting discounts and offering expenses. EF Hutton LLC acted as…

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TuesdayFeb 20, 2024 11:24 am

CurrencyNewsBreaks – Capital One Financial Corp. (NYSE: COF) Acquiring Discover in $35.3 Billion Mega-Deal

Capital One Financial Corp. (NYSE: COF) and Discover Financial Services (NYSE: DFS) have announced a definitive agreement for Capital One to acquire Discover in an all-stock transaction valued at $35.3 billion. This strategic move is expected to create a leading financial services company with enhanced scale, product offerings and customer reach. The combined entity will leverage the strengths of both organizations to drive innovation, enhance customer experiences and deliver greater value to shareholders. According to the press release, the acquisition is subject to customary closing conditions, including regulatory approvals and approval by Discover's shareholders. Both companies' boards of directors have…

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ThursdayFeb 15, 2024 11:06 am

CurrencyNewsBreaks – Stronghold Digital Mining Inc. (NASDAQ: SDIG) Charts Path to Sustainable Bitcoin Production with January Update

Stronghold Digital Mining Inc. (NASDAQ: SDIG) mined 192 Bitcoin in January 2024, generating approximately $0.4 million in energy revenue. This represents a 6% decrease from December 2023. The company generated an estimated $8.0 million in revenue during January, primarily driven by a lower hash price and sequential growth in network hash rate. Additionally, Stronghold continues to make progress in its carbon capture initiatives, with test results demonstrating significant carbonation in its Karbolith technology and the erection of a second Karbolith underway. To view the full press release, visit About Stronghold Digital Mining Inc. Stronghold is a vertically integrated Bitcoin…

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ThursdayFeb 15, 2024 10:59 am

CurrencyNewsBreaks – Canaan Inc. (NASDAQ: CAN) Amplifies Crypto Mining Power with Strategic Partnerships

Canaan Inc. (NASDAQ: CAN) has secured follow-on purchase orders for over 17,000 Bitcoin mining machines from Cipher Mining Inc. (NASDAQ: CIFR) and Stronghold Digital Mining, Inc. (NASDAQ: SDIG). Cipher's joint venture entities will acquire 16,700 A1466 model mining machines, while Stronghold has purchased 1,100 A1346 model mining machines. The orders build upon Canaan's existing relationships with Cipher and Stronghold and affirm the capabilities of Canaan's new A14 product series To view the full press release, visit About Canaan Inc. Established in 2013, Canaan Inc. is a technology company focusing on ASIC high-performance computing chip design, chip research and development,…

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ThursdayFeb 15, 2024 10:50 am

CurrencyNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Announces Monthly Production Update for January 2024

Bit Digital Inc. (NASDAQ: BTBT) has announced its unaudited digital asset production and corporate updates for January 2024. The company produced 145.7 BTC, a 14% decrease compared to the previous month, with an active hash rate of approximately 2.50 EH/s as of January 31, 2024. Treasury holdings of BTC and ETH were 739.2 and 18,072.2 with a fair market value of approximately $31.4 million and $41.3 million, respectively. Bit Digital earned a blended APY of approximately 3.69% on its staked ETH position, with aggregate staking rewards of approximately 38.7 ETH during the month. The company also reported that as of…

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ThursdayFeb 15, 2024 10:41 am

CurrencyNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Schedules Conference Call for Fourth Quarter and Fiscal Year 2023 Financial Results

Marathon Digital Holdings Inc. (NASDAQ: MARA) has announced that it will hold a conference call to discuss its financial results for the fourth quarter and fiscal year 2023. The call took place on February 14, 2024, at 4:23 PM EST. This follows the company's previous updates, including its announcement on February 5, 2024, regarding Bitcoin production and mining operation updates for January 2024, and its statement on February 1, 2024, about assuming full operational control of its recently acquired Bitcoin mining sites​​. To view the full press release, visit About Marathon Digital Holdings Marathon is a digital asset technology company…

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ThursdayFeb 15, 2024 10:32 am

CurrencyNewsBreaks – The Western Union Company (NYSE: WU) Reports Fourth Quarter and Full Year 2023 Results

The Western Union Company (NYSE: WU) announced its financial results for the fourth quarter and full year of 2023 on February 6, 2024. The company, a global leader in cross-border, cross-currency money movement and payments, provided insights into its performance and future plans during a webcast and conference call hosted by Chief Executive Officer Devin McGranahan and Chief Financial Officer Matt Cagwin. To view the full press release, visit About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their…

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