Bitcoin miner IREN overstated its compute ability and prospects, says lawsuit
An investor in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects. Go to Source
Short selling
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Year-End Launch of Bitcoin ETF Options Could Lead to Price Drops
Analysts and market observers anticipate that options trading for U.S. spot bitcoin exchange-traded funds (ETFs) could kick off before year-end. While there’s considerable buzz around these new investment avenues, the introduction of options trading might bring strategies that could temper bitcoin’s market price. Crypto ETF Options Likely by Q4 2024, But Bitcoin and Ether Prices … Read more
Citron founder pleads not guilty to fraud over short seller calls
Lawyers for short-seller firm Citron’s Andrew Left reportedly said he would “never” accept a plea deal with the US government. Go to Source
Ripe for the squeeze? Bitcoin mining stocks remain under attack from short sellers
BTC price has struggled for nearly a month, but Bitcoin miners revenue is up, calling into question the logic of short sellers betting against mining stocks. Go to Source Powered by WPeMatico
Silvergate CEO calls out ‘short sellers’ spreading misinformation
In the statement, Lane also took the opportunity to “set the record straight” about its investment relationship with FTX and the firm’s “robust risk management approach.” Go to Source Powered by WPeMatico
126% return for stock market short-sellers who smelled blood in crypto waters
A report from S3 Partners noted that crypto stocks with the highest short interest include Coinbase, Marathon Digital and MicroStrategy. Go to Source Powered by WPeMatico
Neutrino Dollar breaks peg, falls to $0.82 amid WAVES price ‘manipulation’ accusations
Waves founder Sasha Ivanov says Alameda Research is behind the ongoing WAVES price decline. Go to Source Powered by WPeMatico
Hedge fund behind shorting GameStop reports 53% loss in January
A Melvin Capital client claims that the firm has “massively de-risked” its investment portfolio following the controversy involving short-selling GameStop stocks. Go to Source Powered by WPeMatico
Another Stagnant Company Reaps the ‘Blockchain Benefits’
This week another company reaped the benefits of adding ‘blockchain technology’ to the firm’s business model. The publicly listed company, Ameri Holdings (AMRH), revealed on January 10 that it was going to utilize the emerging tech within its operations. The company got a swift market valuation boost from the announcement. According to reports Ameri Holdings … Read more
