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(Reuters) -Eightco Holdings (OCTO) shares climbed more than 3,800% in volatile trading on Monday after the fintech firm unveiled plans to accumulate worldcoin cryptocurrency through a fundraise involving Peter Thiel’s BitMine. The stock rose to $38.10, compared with its Friday close of $1.45, in its biggest one-day move on record. More than 145 million shares traded versus the 30-day average of 4.94 million. The crypto industry has been booming in the U.S., buoyed in part by friendly regulations under the Trump administration. Small public companies have been widely adding cryptocurrencies to their coffers, mimicking Michael Saylor’s Strategy – the largest…
Bitcoin (^BTCUSD), the predominant cryptocurrency, may be set for a rebound, as it has rebounded from a recent trough. What are the best ways to play this if you don’t want to shell out over $112,700 for 1 Bitcoin? This article will show some alternative plays, including options strategies for exposure to Bitcoin. BTC is at $112,722 in midday tradi…
Senate Republicans recently updated the draft of a crypto market structure bill that distinguishes whether digital assets will be regulated as securities or commodities.