The Daily Leo #355 - Investing can be Counterintuitive, Ethereum Rises
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Tesla stock (Nasdaq:TSLA) has lost about 9% over the past five days, trading at about $244 per share. While the broader markets have been weak with the S&P 500 declining by about 4% over the same period, there have been a couple of other factors impacting Tesla stock.
Tesla is likely to report its Q3 deliveries next week and there appears to be a strong possibility that the company could disappoint due to...
How Investing Can Be Counterintuitive
Investing isn’t always straightforward – in fact it can sometimes feel counterintuitive. Sometimes we find ourselves in the position of putting money into investment accounts only to see the totals continuing to go down instead of up – but that’s where it’s important to understand investing concepts such as dollar cost averaging.
It’s especially important to understand...
EU Seeks More Data on Crypto’s ‘Significant’ Environmental Harm
The European Commission issued an 800,000 euro ($842,000) contract on Tuesday as it seeks to mitigate what it calls “significant harm” of crypto on the environment.
The study, for which bids close on Nov. 10, will develop standards that feed into potential future EU policies to curb the impact of crypto on climate change, and to new energy efficiency labels for blockchains.
According to the commission, “There is evidence that crypto-assets can cause...
Listed Bitcoin Miners Could be the Ultimate Bet for 2024: Matrixport
The underperformance of listed digital asset companies means that there could be compelling investment opportunities in the bitcoin (BTC) mining space, crypto services provider Matrixport said in a report on Thursday.
If bitcoin were to climb to a new all-time high of $70,000 an investor would realize a return of only 167%, the report said. Investors could see larger gains by buying a diversified portfolio of publicly listed bitcoin mining companies including firms, such as HIVE Digital (HIVE), Bitfarms (BITF) and Iris Energy (IREN).
Based on bitcoin’s current price, these stocks are trading at...*
Ethereum Rises on ETF Approval Rumors
The ethereum ratio has slightly gained on bitcoin with the currency rising above $1,600 once again overnight.
The reason might be due to rumors the ethereum futures ETFs will be approved this week through an expedited process ahead of an expected government shutdown this weekend.
There are 15 applications for an ethereum futures ETF. That includes...
It's getting harder to convert yer crypto to FIAT, but does it matter...?
The legacy finance system is making it harder and harder for users to buy and sell crypto in many parts of the world. Many banks are either imposing fees, daily limits or even blocking crypto transactions altogether.
But does it matter?
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