Cryptocurrencies are taking the center stage in worthwhile investments. Even mainstream corporations that once criticized the investment now buy digital assets. The latest is Tesla, the electric vehicle manufacturer buying $1.5 billion worth of Bitcoin. More such investments are expected to flow into the space in 2021.

As cryptocurrencies become more popular, blockchain, the technology upon which they are built, is likely to grow as well. This is why blockchain stocks may be potentially viable investment options in 2021 and even beyond.

It is worth noting that some investors find it more profitable to invest directly in the technology on which cryptos are based, and you can look at prices here in order to analyze the market to make the best investment decision.

In this article, we highlight the top blockchain and crypto stocks you should consider buying in 2021. These are the stocks with the highest potential of becoming profitable based on the relevance of their business models. Having said that, let’s dive in and look at the top blockchain and crypto stocks to buy in 2021.

If you have any measure of curiosity about cryptocurrency mining, you must have heard of NVIDIA. The company is a leader in manufacture of Graphics Processing Units (GPUs). Although GPUs are used for many purposes, including gaming, AI, and more, some of NVIDIA’s GPUs are used for mining cryptocurrencies like Bitcoin.

As you may know, Bitcoin price has exploded recently and whenever that happens, miners make incredible profits. As a result, many have decided to take a leap into the mining pool to get their own share of the profits. This translates directly into higher demand for mining gears, such as GPUs, and one of the first places to go for this is NVIDIA.

This means that as long as mining stays lucrative (and it probably always will be), NVIDIA will continue to profit, and the stocks will most likely go up as a result. You may not mine directly, but you can benefit from the growing industry by buying the company’s stocks in 2021.

The name Mastercard is a household when it comes to credit cards and payments, but there is more to it. Even if it is an old legacy payments company, Mastercard is stepping up its game to flow with the fast evolving technological world which is based on blockchain.

To improve the quality of its service, the company has partnered with blockchain company R3 to facilitate cross-border payments for its millions of users. This will cut the cost of transactions as well as the time it takes for transactions to be settled. Moreover, Mastercard has made it possible for crypto companies to issue crypto payment cards on its platform, which makes it relevant in the crypto revolution. Mastercard stocks are, therefore, expected to rise in value this year and could make a viable investment for the year.

DocuSign is a company that enables electronic signing of documents. If you have ever applied for anything online that requires that you sign your credentials online then you may have come across this service. The company has incorporated blockchain in its business since 2015 and uses the Ethereum blockchain to facilitate agreements between people.

The use of blockchain reduces the cost of doing business and is trustworthy, so there is no better way to sign agreements. Ethereum is the number one blockchain for smart contract agreements and more people use it everyday for this purpose, so it shouldn’t be surprising that DocuSign’s stocks may explode in the near future.

Amazon is like the Tiger Woods of online sales. The company has grown to become a multibillion dollar company through sales, but there is more to it. Amazon is also a giant in the blockchain space. It provides a leading blockchain-based cloud infrastructure known as Amazon Web Service. This infrastructure makes it possible for other people to create and manage their own blockchain networks.

Though the blockchain aspect is still only a small percentage of the company’s entire business, imagine what will happen when Amazon finally integrates blockchain in its e-commerce platform with billions of daily users. If you want to profit in that future, Amazon blockchain stocks are the way to go.

This is the computer software giant known for its relevance with Windows computers. However, beyond computers, Microsoft has dabbled into blockchain technology as well, making it all the more relevant today. It developed Azure cloud, a service that uses Ethereum blockchain for code updates. As Ethereum becomes more popular, Azure is likely to follow and lead to significant growth in its stocks.

Square is a financial technology company known for credit card payment processing. However, it has blockchain technology as a significant part of its business. The company has an arm dedicated to Bitcoin development, known as Square crypto. It is also the owner of Cash App, a peer-2-peer payment app that has BTC integration, allowing users to send, receive, and store Bitcoin. This makes its stocks one of those with incredible potential for future growth in the blockchain space.

CME is the only mainstream commodities trading platform that also trades in BTC futures. With the rising interest in BTC, the company is bound to see increased revenue, and its shareholders could benefit immensely.

The exchange is also likely to grow the number of cryptocurrency futures on its platform, which will further increase revenue. If you are looking for potentially profitable blockchain stocks, CME Group is one you should consider.

BroadRidge is a Canadian blockchain company that runs several blockchain-related businesses. It is regularly patronised by mainstream banks, such as JP Morgan, which use distributed ledger technology. The patronage of such banking giants makes BroadRidge’s crypto stocks a viable investment option to consider in your investment adventure.

These are some of the best blockchain and crypto stocks you should consider buying in 2021. While there are certainly other ways of investing in blockchain businesses, such as ICOs, STOs, and others, many of these methods are still unregulated in most markets. Prefer your money to be invested right away? If you need a little boost to start, try to use online wealth management platforms, such as Einvestment, it can round up high interest rate accounts for more comfortable and safe investments. Professional managers can vary your financial instruments in one big high return investment portfolio.

Featured image: marconisociety.org

The post Top 8 Blockchain & Crypto Stocks to Invest in 2021 appeared first on Coindoo.

<strong style="color:#444444;">PanARMENIAN.Net - The price of one bitcoin (XBT) topped more than $40,000 Thursday, January 7 -- double the value from a little more than three years ago. Prices later slid back to around $38,000.

Bitcoin first topped $19,000 in December 2017 before crashing spectacularly to around $3,200 a year later.

The value of all bitcoins in circulation is now more than $740 billion and the total value for all cryptocurrencies is more than $1 trillion, according to CoinMarketCap.

Investors have flocked to bitcoin in recent months as the cryptocurrency has gone mainstream.

Square (SQ) and PayPal (PYPL)now let their users buy and sell bitcoin. Top money managers including Paul Tudor Jones, Stanley Druckenmiller -- and more recently, Anthony Scaramucci -- have embraced it.

Software firm MicroStrategy (MSTR) is now holding bitcoin on its balance sheet. And a top exec at BlackRock (BLK), the world's largest asset manager, recently said bitcoin is basically a new, digital gold -- an asset that can hold up well during times of dollar weakness and rising inflation.

"It's not surprising to see bitcoin's recent run up. It's encouraging to see more serious consideration of bitcoin and the digital currency asset class broadly, because it has real potential to reshape global finance as we know it," said Michael Sonnenshein, CEO of Grayscale Investments, the world's biggest crypto asset manager, in an email to CNN Business.

Bitcoin has emerged as one of the most popular of all cryptocurrencies worldwide. In the year 2020, bitcoin rose to its all-time high when the whole world struggled with the financial crisis.

While bitcoin is still in its growing stage, yet it has shown great potential in the future of cryptocurrencies. Having gone from so many ups and downs, it seems to have gained stability. This potential has led to the surge of various trading platforms like swyftx.com that offer investors a safe trading place.

There is no doubt that cryptocurrencies are highly volatile investments, but this volatility attracts investors. There are so many other benefits that give a reason for the investors to go for it.

Bitcoin got launched in 2009, and since then, so many cryptocurrencies have emerged. This popularity of cryptocurrency is due to its decentralised nature. It means that there are no trading boundaries, and one can do it sitting at any corner of the world.

The exchange is direct, peer-to-peer, with faster online processing, at a low cost than traditional financial systems. As an investor, you get significant control over the financial data and money.

Bitcoin is marked by high liquidity due to the presence of various trading platforms and exchanges. It merely means that you can very quickly sell and buy bitcoin. You can easily trade them for cash as well as gold at a low price.

Until the end of December 2020, there were over 63 million wallet users. This data indicates the high accessibility of crypto trading. It’s a great investment for those looking for short-term profit. But you can keep them as long-term investments, and bitcoin is there to stay.

As you may already know, bitcoin has done well in the last decade. It has reached soaring highs and even gloomy lows. But this spin is what is exciting. Like any other investment, it is also not free from risks. However, what is different in bitcoin investment is the possibility of making high returns.

A single trade can get you profits that you have not even expected as bitcoin’s price keeps changing. The profitability of bitcoin is on you depending on how you strategise your investment, limiting your losses.

Cryptocurrency trading is done online, and the market is open 24×7. This flexibility gives you the freedom of how and when you want to buy or sell your bitcoin. You need not pay an excessive amount for it, as the platforms where you trade will charge a limited fee or a percentage in some cases. You get all the freedom to control your trading routine.

You can diversify your investment portfolio by investing in cryptocurrencies like bitcoin. Even if you don’t like high-volatile investments like bitcoin, you can definitely consider putting some of your money in it.

The best part is that you may buy any number of coins. That’s your choice. It’s always better to keep all your options open. It is a smart trick to get the maximum benefits and mitigate losses in the unpredictable world of finance and trading.

Bitcoin is based on blockchain technology, which is considered the safest. The transactions under this are entirely encrypted, signed by a private key, and confirmed by a public key. So, the transactions can be recorded and distributed but not edited. This technology helps cryptocurrencies like bitcoin to be transparent and safe. Widely distributed and encrypted systems help automate the whole process.

The ever-changing world of cryptocurrencies helps you learn and adapt to these changes. You can update your knowledge and make more informed decisions. You need to know how the system of cryptocurrencies works to master investing in it. This learning journey has a positive impact on your trading career and helps you make strategic decisions about your finances.

It’s never too late to invest in bitcoins. Now with so many trading platforms to assist you, you can do it very easily. Few tutorials and some research will help you make a choice that will benefit you. It doesn’t matter even if you are a new trader with no experience.

Also, many countries have legalised bitcoin trading and are regulating their market. As a digital investment, Bitcoin has just started to get recognised, and it indeed holds a profitable future in the years to come. However, please choose the right platform before putting your money in it.

Founder of Ponbee.com: I like to write about self-improvement and achieving excellence, and believe that it is these qualities that ultimately make people successful in life.

PayPal is not likely to buy digital currencies like bitcoin, though the company does see immense opportunity in the digital wallet space.

In an appearance on CNBC’s “Mad Money” Thursday, PayPal Chief Financial Officer John Rainey said the payments giant has no interest in buying cryptocurrency, instead preferring to invest in services that are additive to the platforms it offers.

“We’re not going to invest corporate cash, probably, in sort of financial assets like that,” he said in response to an inquiry from the show’s host, Jim Cramer, “but we want to capitalize on this growth opportunity that’s in front of us.”

The company has acknowledged that it believes the transition to digital forms of currencies is inevitable. In December, PayPal CEO Dan Schulman called digital wallets a “natural complement to digital currencies” and said the company serves 360 million digital wallets.

Venmo, the mobile wallet owned by PayPal, is expected to begin offering the same services in the first half of this year. The features will also be extended to international markets.

PayPal plans to invest its money in companies that provide “complementary assets to our platform” that can drive growth, Rainey said. The company also announced Thursday it would introduce its buy, sell and hold crypto services to the United Kingdom in the near future.

“The types of services that we’re providing, like buy now, pay later [and] crypto as an example — even offline QR code — those are the types of things that we want to continue to invest in, be it organically or even inorganically when we see opportunities in the ecosystem,” he explained.

Buy now, pay later is a point-of-sale loan program that works much like layaway plans, allowing shoppers to pay for products via an installment plan with no interest or fees.

The crypto comments come as activity in crypto markets has picked up this year. Tesla made a splash earlier this week when the company disclosed that it purchased $1.5 billion worth of bitcoin and would also begin accepting the currency as a form of payment from customers. That followed a surge in interest for dogecoin, the digital coin that was blessed by Tesla CEO Elon Musk on his Twitter page.

Tesla’s move to invest in bitcoin sparked wonders in the investment community if other companies would follow in the carmarker’s footsteps. Earlier Thursday, Uber CEO Dara Khosrowshahi said that the topic was discussed but that the company ultimately declined to invest in the digital currency.

Schulman, who appeared alongside Rainey in the “Mad Money” interview, said PayPal grew free cash low by 48% in 2020 to $5 billion. He forecasts the company will generate $10 billion of annual free cash flow by 2025.

PayPal will be a consolidator in the financial technology industry, he said.

“We want to use that cash. We want to use our balance sheet as a strategic weapon,” Schulman said. “That may be returning cash to shareholders and it may be through acquisition, but every one of those dollars matter to us and we really take our capital allocation quite seriously.”

Last month, PayPal made its first acquisition since announcing in late 2019 that it would buy coupon aggregator Honey Science for $4 billion. PayPal took 100% control of the GoPay payment platform, which is based in China, in a deal that closed on Jan. 11.

Japanese investment firm SBI has revealed that it is in talks to set up a cryptocurrency focused joint venture with foreign companies.

According to a report from Reuters, SBI Holdings chief executive Yoshitaka Kitao has revealed that the firm is in talks over two potential deals to establish a joint venture business in the cryptocurrency space. SBI is rated as Japan’s biggest online brokerage and has also offered cryptocurrency trading services since 2018.

Kitao told the publication that the macro climate for cryptocurrencies transformed and that investors around the world are now looking to gain some sort of exposure to the space. He even made mention of Elon Musk’s and Tesla’s announcement that the electric vehicle manufacturer has acquired over $1.5bln worth of Bitcoin as an alternative investment holding.

“Institutional investors, mainly hedge funds, have recently started investing in cryptocurrencies…Not just institutional investors but also Elon Musk has,” Kitao told Reuters.

Kitao did not divulge any other details relating to the international firms that SBI is in talks with, but stressed that the firm would be looking to make the joint venture a core part of its business and revenue stream in the future. According to the Reuters report, SBI noted pretax profits from its currency cryptocurrency trading service and offerings at around $63.9mln in 2020.

“To become number one in the world, our choice is buying a leading company or creating an alliance with major global companies. Our M&A strategy will not be something like taking minority stakes in many companies,” Kitao added.

Crypto investment announcements coming thick and fast

While SBI looks to form business relationships that will grow its current cryptocurrency trading business interests, more and more institutional investors and businesses are announcing their own forays into the cryptocurrency space.

2021’s biggest adopter is the above mentioned Tesla acquisition of Bitcoin but it is not the only major firm to announce that it is looking to invest in cryptocurrencies which are fast becoming a popular new-age investment hedge.

Business analytics firm MicroStrategy continued its own Bitcoin acquisition this year and Grayscale Investment’s has also continued to add more BTC to its Bitcoin Trust. 

As the Daily Chain recently reported, a subsidiary of Morgan Stanley is also understood to be looking at investing in cryptocurrencies through a subsidiary company that has $150 billion in assets under management. This came shortly after JPMorgan’s COO Daniel Pinto said in an interview on CNBC that the firm would consider offering Bitcoin trading support if there was significant interest from its clients.

Crypto has been a hot topic ever since Bitcoin began climbing in price from its $5,000 low in March 2020 to its current price of $47,000. The growth of the crypto market as a whole has been just as impressive, with the current crypto market cap at almost $1.5 trillion. Such price increases make many people wonder whether cryptocurrency is still a good investment, and specifically what cryptocurrencies are the best cryptos to buy right now. 

Before we begin with our list, let me make it clear that the crypto industry is an incredibly volatile and risky industry. It’s one of the riskier investments you can do, and you need to do your own research before putting any money in.

Never put in more than you can afford to lose, and do not let only this article convince you what to invest in. All that being said, let’s begin.

Before checking our list of best cryptos, please go through this list of popular Cryptos with the Transaction Time and Fees.

In our opinion, the single biggest opportunity in 2021 comes from Nano. Having already seen a price increase of 500% since a year ago, Nano is only getting started. So why Nano?

Second, Nano is feeless. That’s right, fees are absolutely $0. This isn’t some temporary gimmick either, transactions are feeless forever. Nano accomplishes this through the innovative Open Representative Voting mechanism. 

A third advantage of Open Representative Voting is that no mining is involved. Because of this, Nano has a good claim to being an extremely green cryptocurrency. To put this into context — a single Bitcoin transaction uses so much energy that you could drive a Tesla for 3000 miles with the same energy used. Nano on the other hand is so efficient that a single wind turbine can power the entire network. With the increasing focus on energy efficiency and saving the planet, this is going to become increasingly important.

The final impressive aspect of Nano that we would to highlight is its scalability. Nano has no upper limit. While Bitcoin tops out at 7 transactions per second on its best day, Nano has been tested at over 200 confirmations per second and scales with hardware. It uses whatever resources are available, and doesn’t stop growing.

Someone summarised it well by saying Nano is like Bitcoin, just 1000x faster, millions of times cheaper to use, with 30x the transaction capacity, 1 million times as energy efficient, while being more decentralised and more secure. 

Despite all this, Nano is priced lower than Bitcoin. In fact, its market cap is about 1/1000th of Bitcoin’s. We personally see massive growth potential here, and Nano takes the #1 spot on our list by a landslide.

Coming in at second place is far better-known crypto than Nano, yet it offers something very different. Ethereum (ETH) is the largest cryptocurrency when it comes to decentralized apps and smart contracts, and most of the Defi sector is built on top of it. It’s the father of the platform space and is still being developed.

What could potentially spell trouble for Ethereum is the high fees the chain is currently experiencing. Fees for smart contracts sometimes run into the hundreds of dollars, and people are desperately looking for alternatives. However, Ethereum started the lengthy process of switching to Ethereum 2.0 in December 2020. 

While this process will take a while to complete (estimates are 2+ years), ETH will become a lot safer, faster, and more usable when it’s done. There are a lot of good developers working on this, and because of the large industry built on Ethereum, there is every incentive to make this project a success. While it’s always a gamble to invest in a product that is still being developed, we believe Ethereum’s broad backing and the fact that it’s the base layer for so many blockchains gives it a strong position in the long run.

We believe that in the long run, Bitcoin will be seen as the first version that failed to innovate, and we believe it’s unsuitable to be an actual currency, for now, the crypto space is still largely linked to Bitcoin’s price and it is a relatively safe bet, in crypto terms, for gains in the next year. Just don’t expect to be able to actually use it.

The exchange token Binance coin (BNB) is a bit of an odd one out in the list. While it’s commonly derided for being a centralized cryptocurrency due to its link to Binance, no one can deny that it has a clear use case. Binance is one of the largest cryptocurrency exchanges right now, and BNB is the exchange’s token. It can be used to lower your transaction fees, and nowadays serves as the native token of the Binance Chain and the Binance Smart Chain (BSC), both of which are seeing strong growth too.

Is it a true cryptocurrency? Perhaps not. But for those looking to invest, there is clear value in crypto that almost everyone getting into cryptocurrency can profit from, and that will be heavily pushed by the largest exchange in the world.

Cardano is another decentralized and Open source. You can use the Cardano Blockchain to send and receive Ada Cryptocurrency. This Cryptocurrency currently stands at $0.9 with 31,112,484,646 ADA circulating supply. Ada reached $1.1 in 2018.

Bitcoin takes more time for transaction which will make the users wait for a long time, and Ethereum is not scalable. Cardano was made to be a 3rd Gen Cryptocurrency. Cardano's Vision is to create an "Internet of Blockchains".

Dogecoin is an absolute wildcard that we added because well, who can dislike his Dogeness? Started as a meme token, Doge quickly gained prominence and nowadays is recently “shilled” by Elon Musk. We could write about its fundamentals, which to be honest are abysmal (high transfer fees, high inflation, low usage), but that’s not the point with Doge. 

Doge is a pure funny coin, one whose value comes from the number of people who think it’s fun to create memes about the prime barker, and surprisingly this has launched Doge into the top 10 cryptocurrencies by market cap recently. Know getting in that this is by far the most speculative crypto on this list, and use it with play money only. 

Cryptocurrency is a very volatile and irrational market. In the short run, prices can easily drop 30% in a day, or triple in a week. What we personally like to do is look towards the longer-term trends, and figure out which cryptocurrencies have the strongest fundamentals to merit high valuations through their possible usage in the real world, away from exchanges and speculators. We hope this list can help you and would like to reiterate once again that it’s of the utmost importance to do your own research before buying in. Good luck, and may the gains be on your side.

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On Monday a report from RBC Capital Markets stated that Apple is well "positioned" to accept bitcoin as payment on Apple Pay. Originally reluctant to adopt the new digital monetary technology, the company banned cryptocurrency wallets from its App Store in 2014. However, they later reversed the decision and now allows them.

On Wednesday Mastercard Inc announced a plan to offer support for cryptocurrencies on its network in 2021.

This means Mastercard will sit alongside BlackRock Inc, Square and PayPal, who all have recently decided to support cryptocurrencies such as bitcoin.

Mastercard said: “Doing this work will create a lot more possibilities for shoppers and merchants, allowing them to transact in an entirely new form of payment.

"This change may open up merchants to new customers who are already flocking to digital assets".

Speaking to Express bitcoin pioneer Max Keiser said: "As money printing by central banks goes parabolic all companies with cash on hand will start moving it into Bitcoin.

"In which order depends on how the board of directors are set up.

"Michael Saylor and Elon Musk control their boards and acted quickly.

"Apple’s board is more bureaucratic, so may take longer to approve.

"I’m hearing Larry Ellison at Oracle will announce a bitcoin position soon.

"Bitcoin payment rails will dominate.

"It might be Apple Pay on top, but it’ll be Bitcoin running underneath."

Today bitcoin payment service BitPay announced its prepaid Mastercard is now compatible with Apple Pay for purchases in stores, in apps, and online.

READ: Bitcoin prices surge to over $10,000 as investors ditch other cryptocurrencies

Speaking to Express.co.uk Ben Gagnon, Director of Mining Operations at Bitfarms, said: "Fortune 500 companies like Apple and Tesla accepting Bitcoin for payment is a major accomplishment.

"Not because Apple or Tesla are likely to sell any more products as a result but because they will lead the way for many more businesses around the world to also accept Bitcoin as payment."

Entrepreneur Michael Saylor speaking to Yahoo Finance predicted there would be a move from traditional treasury assets like cash and bonds into bitcoin, which he has labelled, "digital gold".

Mr Saylor said: "I think there will be an avalanche of thousands of companies that will be coming to bitcoin as they start to see that this is a very high-quality treasury reserve asset, on parity with other reserve assets."

DON'T MISS:

Apple currently has an estimated $196 billion cash reserves.

After repeated US Federal Reserve monetary stimulus packages, the dollar is depreciating, and many have speculated whether Apple will be the next big firm to purchase bitcoin with its dollars as a digital safe haven from inflation.

In contrast to the greenback, bitcoin has appreciated against the dollar by more than 200 percent per year over the last decade.

Apple Pay could also accept bitcoin transactions on its Apple Pay platform according to the recent report by RBC Capital Markets.

The recent report from RBC said Apple could have an immediate market share in cryptocurrency technology if it allowed users of Apple Pay to buy and sell bitcoin, ethereum, and other alt-coins.

The report stated: “The potential revenue opportunity would be in excess of $40 billion a year, 15 percent incremental top-line opportunity.”

The world's preeminent cryptocurrency saw price rises on initial interest from billionaire investors Paul Tudor Jones, Stan Druckenmiller, and Mexico's Ricardo Salinas Pliego.

Michael Saylor's MicroStrategy was the first publically traded company to add bitcoin to its balance sheet, it currently holds about $3 billion worth of the digital asset.

Then Jack Dorsey of Twitter endorsed bitcoin by accepting it on payments company Square.

However, bitcoin's value really took off after Elon Musk's Tesla announced it had added $1.5 billion of the cryptocurrency to its balance sheet in early February.

Speaking to Express.co.uk, Bobby, team lead at yield farming protocol yAxis said: "Large corporations are looking towards bitcoin both as a hedge against the US dollar and access a range of new financial products.

"We're seeing a number of companies quietly experimenting with crypto portfolios."

Apple Inc. and Oracle were contacted for a response to their position on bitcoin but have yet to reply to requests.

Feb. 12 (UPI) -- After Tesla announced it has invested $1.5 billion in bitcoin and expects to start accepting the cryptocurrency as a payment for its electric vehicles in the near future, the bitcoin price went soaring. It went from around $39,400 to an all-time high of over $48,000 in less than 24 hours.

Bitcoin price

The prospect of a blue-chip invasion into bitcoin has caused much excitement among cryptocurrency investors. But if Tesla does trigger such a gold rush, there will also be some unsettling consequences.

Volatility spillover

Tesla justified this material change in the way it manages its treasury reserves by stating that investing in bitcoin will "provide us with more flexibility to further diversify and maximize returns on our cash." Corporate treasurers have always used the money markets to invest surplus cash to eke out small yields, and it is harder than it used to be in the current long-term low-interest rate environment.

All the same, this is very different to standard money management. Bitcoin is a highly volatile asset that you would not typically associate with the cash reserves on the balance sheet of a listed company worth close to a trillion U.S. dollars. As recently as March, the price dipped below $4,000. Even in 2021, the price fell more than 30% before its most recent surge.

FOMO-ing at the mouth?

Such a rise would drive up the value of the bitcoin on corporate balance sheets to multiples of what it was at the time of investment. Tesla's 8% allocation may already have gone up to 12% of the value of its reserves, for instance. And if it follows through on a potential plan to keep any bitcoins it receives for electric cars instead of converting them into dollars, that percentage could rise all the faster.

The problem is the potential effect on company share prices. Tesla's share price rose 2% on the news of the bitcoin investment, though it has since fallen by 5%. But a longer term example is Canadian tech company Microstrategy. Its share price has ballooned tenfold in value in the past year on the back of a heavy investment into bitcoin, but is also down by almost a quarter in the days since the Tesla announcement.

Writ large, this could make stock markets far choppier in future -- and vulnerable to a nosedive when the bitcoin bull market ends. It would be easy to imagine that this could prompt a wider wave of selling as investors sought to cover their loss-making positions, which could be very dangerous for financial stability.

The regulators

The view from the U.S. Securities and Exchange Commission will be extremely important, and it is difficult to predict the response of newly appointed head Gary Gensler, who is himself a crypto expert. We may see anything from a wait-and-see approach through to a ban on listed companies holding any bitcoin-like assets.

But I would expect that if the price of bitcoin continues toward $100,000, there may be a regulatory restriction on the reserve percentage that listed companies can hold in digital assets. This would be similar to the U.S. rule that companies cannot buy back more than 25% of the average daily volume of their own stock. Such a rule would force companies to sell bitcoin if a price increase meant their holdings broke the maximum level, creating a form of sell pressure that the crypto market has not seen before.

Gavin Brown is an associate professor in financial technology at the University of Liverpool.

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Gavin Brown is Associate Professor in Financial Technology in the University of Liverpool’s Management School

After Tesla announced it has invested US$1.5 billion in bitcoin and expects to start accepting the cryptocurrency as a payment for its electric vehicles in the near future, the bitcoin price went soaring. It went from around US$39,400 to an all-time high of over US$48,000 in less than 24 hours.

The price is now up by over 50% in the first six weeks of 2021. Led by Elon Musk, Tesla’s investment is obviously in profit already: depending on the exact day of the purchase, it is likely to be worth over US$2 billion, pointing to a paper profit of over US$500 million. To put that in context, when the electric car-maker made its first ever annual net profit in 2020, it was just over US$700 million.

The bitcoin price

The prospect of a bluechip invasion into bitcoin has caused much excitement among cryptocurrency investors. But if Tesla does trigger such a goldrush, there will also be some unsettling consequences.

Tesla justified this material change in the way it manages its treasury reserves by stating that investing in bitcoin will “provide us with more flexibility to further diversify and maximise returns on our cash”. Corporate treasurers have always used the money markets to invest surplus cash to eke out small yields, and it is harder than it used to be in the current long-term low interest rate environment.

All the same, this is very different to standard money management. Bitcoin is a highly volatile asset that you would not typically associate with the cash reserves on the balance sheet of a listed company worth close to a trillion US dollars. As recently as March 2020, the price dipped below US$4,000. Even in 2021, the price fell more than 30% before its most recent surge.

Such a rise would drive up the value of the bitcoin on corporate balance sheets to multiples of what it was at the time of investment. Tesla’s 8% allocation may already have gone up to 12% of the value of its reserves, for instance. And if it follows through on a potential plan to keep any bitcoins it receives for electric cars instead of converting them into dollars, that percentage could rise all the faster.

The problem is the potential effect on company share prices. Tesla’s share price rose 2% on the news of the bitcoin investment, though it has since fallen by 5%. But a longer term example is Canadian tech company Microstrategy. Its share price has ballooned tenfold in value in the past year on the back of a heavy investment into bitcoin, but is also down by almost a quarter in the days since the Tesla announcement.

Writ large, this could make stock markets far choppier in future – and vulnerable to a nosedive when the bitcoin bull market ends. It would be easy to imagine that this could prompt a wider wave of selling as investors sought to cover their loss-making positions, which could be very dangerous for financial stability.

Global regulators will no doubt be concerned about a potential volatility spillover from digital asset prices into traditional capital markets. They may not permit what could quickly amount to effective proxy approval by the back door for companies holding large proportions of a volatile asset on their balance sheets.

We have already seen the likes of European Central Bank president Christine Lagarde and new US Treasury secretary Janet Yellen calling for more bitcoin regulation in recent weeks.

The view from US regulator the SEC will be extremely important, and it is difficult to predict the response of newly appointed head Gary Gensler, who is himself a crypto expert. We may see anything from a wait-and-see approach through to a ban on listed companies holding any bitcoin-like assets.

But I would expect that if the price of bitcoin continues towards US$100,000, there may be a regulatory restriction on the reserve percentage that listed companies can hold in digital assets. This would be similar to the US rule that companies cannot buy back more than 25% of the average daily volume of their own stock. Such a rule would force companies to sell bitcoin if a price increase meant their holdings broke the maximum level, creating a form of sell pressure that the crypto market has not seen before.

This article is republished from The Conversation under a Creative Commons license. Read the original article.

After Tesla announced it has invested US$1.5 billion in bitcoin and expects to start accepting the cryptocurrency as a payment for its electric vehicles in the near future, the bitcoin price went soaring. It went from around US$39,400 to an all-time high of over US$48,000 in less than 24 hours.

The price is now up by over 50% in the first six weeks of 2021. Led by Elon Musk, Tesla’s investment is obviously in profit already: depending on the exact day of the purchase, it is likely to be worth over US$2 billion, pointing to a paper profit of over US$500 million. To put that in context, when the electric car-maker made its first ever annual net profit in 2020, it was just over US$700 million.

The bitcoin price

The prospect of a bluechip invasion into bitcoin has caused much excitement among cryptocurrency investors. But if Tesla does trigger such a goldrush, there will also be some unsettling consequences.

Tesla justified this material change in the way it manages its treasury reserves by stating that investing in bitcoin will “provide us with more flexibility to further diversify and maximise returns on our cash”. Corporate treasurers have always used the money markets to invest surplus cash to eke out small yields, and it is harder than it used to be in the current long-term low interest rate environment.

All the same, this is very different to standard money management. Bitcoin is a highly volatile asset that you would not typically associate with the cash reserves on the balance sheet of a listed company worth close to a trillion US dollars. As recently as March 2020, the price dipped below US$4,000. Even in 2021, the price fell more than 30% before its most recent surge.

Such a rise would drive up the value of the bitcoin on corporate balance sheets to multiples of what it was at the time of investment. Tesla’s 8% allocation may already have gone up to 12% of the value of its reserves, for instance. And if it follows through on a potential plan to keep any bitcoins it receives for electric cars instead of converting them into dollars, that percentage could rise all the faster.

The problem is the potential effect on company share prices. Tesla’s share price rose 2% on the news of the bitcoin investment, though it has since fallen by 5%. But a longer term example is Canadian tech company Microstrategy. Its share price has ballooned tenfold in value in the past year on the back of a heavy investment into bitcoin, but is also down by almost a quarter in the days since the Tesla announcement.

Writ large, this could make stock markets far choppier in future – and vulnerable to a nosedive when the bitcoin bull market ends. It would be easy to imagine that this could prompt a wider wave of selling as investors sought to cover their loss-making positions, which could be very dangerous for financial stability.

Global regulators will no doubt be concerned about a potential volatility spillover from digital asset prices into traditional capital markets. They may not permit what could quickly amount to effective proxy approval by the back door for companies holding large proportions of a volatile asset on their balance sheets.

We have already seen the likes of European Central Bank president Christine Lagarde and new US Treasury secretary Janet Yellen calling for more bitcoin regulation in recent weeks.

The view from US regulator the SEC will be extremely important, and it is difficult to predict the response of newly appointed head Gary Gensler, who is himself a crypto expert. We may see anything from a wait-and-see approach through to a ban on listed companies holding any bitcoin-like assets.

But I would expect that if the price of bitcoin continues towards US$100,000, there may be a regulatory restriction on the reserve percentage that listed companies can hold in digital assets. This would be similar to the US rule that companies cannot buy back more than 25% of the average daily volume of their own stock. Such a rule would force companies to sell bitcoin if a price increase meant their holdings broke the maximum level, creating a form of sell pressure that the crypto market has not seen before.

For now, however, bitcoin continues to look like a “buy” asset on the back of the Tesla announcement. The crypto community will be watching to see whether other major companies follow suit, and whether Tesla has the conviction to stay invested when its next quarterly announcement comes around. But if this trend continues, make no mistake that a reckoning will be coming over the prospect of the heady volatility of the crypto market going mainstream. Watch this space.

PayPal is unlikely to invest cash in cryptocurrencies like bitcoin, John Rainey, the company’s chief financial officer told CNBC on Thursday.

The payments-processor instead prefers to spend on assets that complement services it currently provides. It also sees massive potential in the digital wallets space, and currently serves 360 million such wallets.

“We’re not going to invest corporate cash, probably, in sort of financial assets like that,” Rainey told host Jim Cramer on CNBC’s “Mad Money” show. “But we want to capitalise on this growth opportunity that’s in front of us.”

PayPal still believes that the transition to digital forms of currencies is unavoidable. In October last year, the company opened its service to cryptocurrency purchases and sales, including bitcoin, ethereum, and litecoin. Furthermore, over 26 million merchants using the platform are now able to accept cryptocurrencies as a funding source.

Two months after the announcement, CEO Dan Schulman called digital wallets a “natural complement to digital currencies.”

Read More: Barclays says buy these 33 beaten-down stocks that are perfectly poised to capitalise on the reopening of the economy in the years ahead

But rather than spending cash to invest in cryptocurrencies, Rainey said PayPal is looking at investments that can drive growth. The company said Thursday it plans to expand its crypto buying, selling, and custody services to UK residents later this year.

“The types of services that we’re providing, like buy now, pay later [and] crypto as an example — even offline QR code — those are the types of things that we want to continue to invest in, be it organically or even inorganically when we see opportunities in the ecosystem,” Rainey said.

CEO Schulman, who also appeared on the “Mad Money” episode, said he expects PayPal to be a consolidator in the fintech industry and to generate $US10 billion of free cash flow per year by 2025.

“We want to use that cash. We want to use our balance sheet as a strategic weapon,” Schulman said. “That may be returning cash to shareholders and it may be through acquisition, but every one of those dollars matter to us and we really take our capital allocation quite seriously.”

Read More: Bank of America shares 9 stocks to buy as the pandemic prompts consumers to shift their spending habits towards ‘solitary leisure’ activities like golf and biking

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Mary Barra, who has served as the chief executive officer of General Motors for seven years, said the company has no immediate plans to emulate Tesla’s Bitcoin purchase.

During GM’s Q4 2020 earnings call today, Barra said the firm would monitor demand for customers wanting to pay for vehicles using Bitcoin (BTC), but didn’t intend to make a massive crypto purchase like Tesla just yet.

"This is something we’ll monitor and we’ll evaluate," she said. "If there’s strong customer demand for it in the future, there’s nothing that precludes us from doing that.

A U.S. institution, General Motors has not always been on the forefront of innovation. The firm scrapped one of the earliest mass-produced electric vehicles, the EV1, in the early 2000s. Then-CEO Rick Wagoner later called this one of the worst decisions during his time at GM in terms of the company image. 

However, the company is not entirely disassociated from the blockchain ecosystem. GM currently holds several blockchain-based patents, including ones to manage data from autonomous vehicles and continuously update a vehicle’s navigation map system. In addition, the firm, along with other auto manufacturers, launched the Mobility Open Blockchain Initiative, a group aiming to improve transportation using blockchain technology.

In the wake of Tesla’s $1.5 billion Bitcoin acquisition this week, some executives at major companies have been directly asked if they will follow the car manufacturer’s example and invest in crypto, or consider offering it for payments in the future. Though Twitter CFO Ned Segal said the tech firm was exploring the possibility of paying its employees in BTC, not many companies have yet suggested they will follow suit. 

Anthony Scaramucci's investment firm, SkyBridge, seeks approval from the SEC to invest in crypto. 9802 Total views 67 Total shares Listen to article 0:00 News Investment firm SkyBridge, founded by former Goldman Sachs' vice president Anthony Scaramucci, is one of the latest companies looking to invest in cryptocurrency. The company is putting together a hedge fund that includes Bitcoin () investment, according to a United States Securities and Exchange Commission, or SEC, filing from Friday. The prospectus details: After more than a decade of progress, several mainstream companies and individuals have kicked off a small but notable trend of entrance into crypto investment, particularly Bitcoin. Billionaire purchases earlier this year. He also recently described how. Despite SkyBridge's interest, it still requires approval from the SEC before moving forward. The prospectus includes: The prospectus included a section describing “digital assets,” in which it briefly explained their uses, risks and other points of consideration. “Digital assets have no intrinsic value other than as a method of exchange and are not based on a tangible commodity, security, contractual right or legal obligation,” the document says. “The values of digital assets should not be expected to be connected or correlated to traditional economic or market forces, and the value of the investments of Investment Funds in digital assets could decline rapidly, including to zero,” the prospectus says after pointing out the “tremendous price volatility” seen in cryptocurrencies against the norms shown in mainstream investments. Bitcoin has in recent weeks and currently sits a mere stone’s throw away from its all-time high.

The Canadian investment company recently disclosed it added about 73.9 BTC to its reserves since the middle of 2020.

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Cypherpunk Holdings a publicly listed Canadian investment company, amid record sell-offs prevailing in the flagship crypto market, has recently purchased more Bitcoin (BTC).

The Canadian investment company recently disclosed it added about 73.9 BTC to its reserves since the middle of 2020. Cypherpunk holdings raised cash by selling other crypto-assets like Monero (XMR) and Ethereum (ETH).

READ: Total credit to the economy rose to N19.54trillion – CBN Governor

With the purchase, Cypherpunk now has 276.5 Bitcoins making it the 9th public Bitcoin holder. At current values, such crypto is worth about $5 million.

The report further added that “During October 2020, Cypherpunk Holdings Inc. was added to the unofficial list of public companies with a treasury position in Bitcoin alongside other companies such as MicroStrategy [MSTR], Square [SQ], and Galaxy Digital Holdings [GLXY].”

READ: Bitcoin boosts Square earnings in Q3

At the time of writing, Bitcoin price traded at $17,151.39 with a daily trading volume of $44 billion. BTC price is down -3.0% in the last 24 hours. It has a circulating supply of 19 million coins and a max supply of 21 million coins.

Recall a publicly-traded company based in America, MicroStrategy, adopted Bitcoin as a treasury reserve asset to hedge against fiat inflation. This is seen in many quarters as a big deal and it’s good to see BTC’s being used as intended – a hard money/savings instrument.

READ: Gold Prices cross $1800, first time since 2011

Bottom-line: The many global economic uncertainties that include inflation and the depreciation in value for most global fiat currencies have made cash an unreliable store of value, pushing well-known companies like Square, MicroStrategy, Grayscale to store their value in a deflationary currency like Bitcoin.

READ: Global companies are buying Bitcoins to hedge against inflation

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment Trading.Featured Financial Market Analysis for a Fortune Global 500 Company. Member of the Chartered Financial Analyst Society. Follow Olumide on Twitter @tokunboadesina or email [email protected]

Crypto analyst has given key insights on nine digital assets he predicts could be quite risky, and yet still profitable in 2021.

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A widely respected Crypto Analyst, Lark Davis, has advised crypto-verse audience on his ideal high-reward, high-risk crypto portfolio for high returns in the coming year.

He gave key insights on a collection of nine digital assets he predicts that could be quite risky, and yet still profitable in the coming year.

In the Youtube lecture seen by Nairametrics, he advised investors and crypto traders on holding the two top digital assets by market cap and two medium-cap altcoins to minimize risks.

“Even with such a portfolio though, I still think it’s a good idea to have exposure to Bitcoin at 20% and exposure to Ethereum at 10%. Now, this is going to just kind of reduce that danger within this portfolio, while also allowing for a lot of growth with the other 70% of the coins. Then, we’re actually going to bring in two medium risk altcoins: so 10% of Uniswap’s UNI Token, and 10% into the AAVE token. And again, we’re reducing risk here,” Davis said.

The highly revered crypto expert also advised investors on considering allocating the rest of the 70% to five low capitalized crypto assets that he anticipates could appreciate in the coming year.

“And then for the rest of the portfolio, we’re going to be looking at higher risk coins. So, we have some low and medium stuff in there already to kind of reduce the risk in our high-risk portfolio, and then we’re going to go 10% into each of the following five coins.

“The first is Injective Protocol (INJ), this is a decentralized exchange protocol. The second is DIA, an oracle provider much like Chainlink (LINK), but with a much lower market cap. The third is called AXIE Infinity (AXS), a Pokemon-like crypto game that is super interesting, super cool. The fourth is the Orion Protocol (ORN), a trading terminal for the crypto market. And the fifth is Matic [Network], the premier layer two scaling solution for Ethereum,” he said.

The expert further advised that though the digital assets seem to be relatively risky, they have incredible fundamentals and are nothing compared to much of what’s out there in the crypto-verse.

“People are investing in some pretty crazy stuff in the crypto market right now. I’ve seen people FOMOing into just insane coins with anonymous teams and they get rug-pulled and lose all their money. Bad stuff, right. All the coins I mentioned have professional transparent teams. They’re either currently having a working product or they’re soon going to have a working product. So, it’s all worth consideration there,” he added.

MicroStrategy recently disclosed plans of investing the proceeds from a $400 million securities offering into buying more bitcoins.

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The world’s biggest publicly traded business intelligence company, MicroStrategy, recently disclosed plans of investing the proceeds from a $400 million securities offering into buying more bitcoins.

In a report credited to BusinessWire, a Berkshire Hathaway company known for a spot on press releases and regulatory information, specific details were released on the timing of the bond instrument and specifics.

MicroStrategy further revealed plans to issue $400 million in convertible senior notes debt security that can be converted into the issuing company’s stocks. The announcement stated:

“MicroStrategy intends to invest the net proceeds from the sale of the notes in Bitcoin.”

Nairametrics also revealed how, Michael Saylor, the CEO of publicly listed American business analytics firm, MicroStrategy, had announced the company’s latest Bitcoin holdings via his Twitter Feed.

“MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. We now hold approximately 40,824 bitcoins.”

The German bank plans to operate the crypto fund under its assets arm known as Hauck & Aufhäuser Innovative Capital from early next year.

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Hauck & Aufhäuser, one of Germany’s elite and oldest private banks, is joining hands with a fast emerging fintech company, Kapilendo, in creating an investment fund primarily for crypto assets (Bitcoin Stellar, Ethereum).

In a report credited to a German-based media firm, Fundview, the German bank plans to operate the crypto fund under its assets arm, known as Hauck & Aufhäuser Innovative Capital from early next year. The Crypto fund will majorly involve three crypto-assets, namely Stellar (XLM), Bitcoin (BTC), and Ethereum (ETH).

The bank highlighted the objectivity of creating such crypto fund, “We are seeing that digital assets and cryptocurrencies are becoming increasingly attractive with institutional investors. With the launch of our first crypto fund, together with Kapilendo, we have created an innovative investment vehicle that gives our customers inexpensive and secure access to the new crypto asset class, while meeting the established quality standards and high demands of Hauck & Aufhäuser,” says Holger Sepp, member of Board of Hauck & Aufhäuser.

Jens Siebert, Chief Solution Officer of Kapilendo AG, adds: “The new HAIC Digital Asset Fund I is an exciting tech investment and designed as a portfolio addition for institutional investors. Kapilendo takes over the custody of the crypto assets for the HAIC Digital Asset Fund I. In its function as a crypto depository, Kapilendo Crypto AG is tied into all relevant interfaces of the asset servicing and technically & seamlessly integrated.”

A few years ago financial technology came with numerous innovations while combining different technologies and finding its way to numerous different sectors. Nowadays,  Fintech industry has become one of the fastest growing markets in the last several years.Fintech has also changed the traditional banking system. While MasterCard and PayPal Holdings ended the last year as some of the top picks of the industry with MasterCard scoring 29% and PayPal reported 17%, the companies were able to meet the negative return of 2.4% on S&P 500.MasterCard and PayPal Holdings stocks are still recommended as “hold” for investors that took the opportunity to invest in these companies back in 2017 and earlier, however there were more gains recorded in the fintech industry during 2018.Square stocks went up by 79% during 2018, still making a valuable addition to any portfolio, while 2018 brought another fintech startup into light.BlackLine Inc might be a little-known company with small capitalization when compared to the previously mentioned fintech giants, however, the company appears to have a lot of potential, given the fact that BlackLine is working with SaaS.BlackLine offers software-as-a-service cloud accounting, which cuts the costs for companies when it comes to bookkeeping, also allowing easy integrations with the companies’ systems.The company saw an increase of 29% during the last year with the total revenue thriving to 58.7 million towards Q3.As the company is recording returning clients that are now spending more on their services with new clients joining to bring more profit to the company and investors in 2019 and beyond.According to Jeff Kauflin from Forbes, Financial technology startups continue to attract a growing amount of attention and capital. In 2018, valuations of the biggest private companies bulged, and at least six new fintech unicorns were minted in the U.S.U.S. fintechs raised $12.4 billion in funding, or 43% more than 2017, reports CB Insights. That growth outpaced the 30% increase in venture investments across the entire U.S. market. And fintechs will need those dollars—they tend to burn about two to three times as much cash compared with other startups, according to an analysis by Brex, likely due to factors like regulatory hurdles.Here are the 10 most valuable private, venture-backed fintechs in the U.S.:Originally a service to help small online sellers process payments, today Stripe serves tech giants like Microsoft and Amazon, too. In 2018 the company announced three new high-profile products, including credit card issuing technology, point-of-sale software and a billing platform for subscription businesses.Cofounders: CEO Patrick Collison, 30, and president John Collison, 28. Irish-born brothers, dropouts from MIT (Patrick) and Harvard (John) launched Stripe in 2011Expanding beyond its roots as a bitcoin wallet and retail exchange, Coinbase now offers cryptocurrency custody and professional and institutional trading platforms. Last year bought Earn.com, a service where users pay in bitcoin to contact experts via email, for a reported $100 million.Cofounder & CEO: Brian Armstrong, 36, whose Coinbase holdings make him a billionaireBroker offers commission-free trading of stocks, ETFs, cryptocurrencies and options through a mobile app. Robinhood Gold subscription service, starting at $6 per month, gives investors access to margin trading. Later this year the firm will take on the checking and savings market with a new cash management program.Cofounders and co-CEOs: Stanford grads Baiju Bhatt, 34, a second-generation American with Indian parents, and Bulgarian-born Vlad Tenev, 32Its blockchain-based global settlements network aims to replace SWIFT, the interbank messaging platform that has long connected nearly every bank in the world. Also has a service that lets companies make cross-border payments in XRP, the cryptocurrency created by Ripple’s founders.Cofounders: Jed McCaleb, 43; Chris Larsen, 58; and Arthur BrittoFounded in 2011, SoFi started with online student loan refinancing and later branched into other services for affluent Millennials, including mortgages, robo-investing advice and life insurance.Offers its 85 million-plus “members” a growing suite of free services, including credit scores, tax-prep software, help fixing credit-report errors and alerts of new accounts opened in a user’s name. Credit Karma earns referral fees when users bite on the personalized offers for credit cards and loans it shows them.Cofounders: CEO Kenneth Lin, 43; chief revenue officer Nichole Mustard, 45; CTO Ryan Graciano, 37Crypto-finance giant Circle last year entered the exchange business with the purchase of Poloniex and now offers services for cryptocurrency trading, investing and payments. Last October partnered with Coinbase to launch USDC stable coin, a crypto asset using the Ethereum blockchain and backed by U.S. dollars.Cofounder & CEO: Jeremy Allaire, 47, previously founded publicly traded Brightcove online video platformConnects payment apps like Venmo and personal finance sites like Betterment to users’ bank accounts to transfer and track funds and speed up authentication. Plaid now integrates with 10,000 banks. In January it acquired Quovo, a startup that aggregates investment data, for about $200 million.Cofounders: CEO Zach Perret, 31, a former Bain consultant who started Plaid just two years after graduating from Duke; president and CTO William Hockey, 29Founded in 2012, it makes instant online loans of $2,000 to $35,000 to average Joes.Cofounder and CEO: Al Goldstein, 38, a Chicago real estate and tech entrepreneurCloud-based technology helps businesses with one to 100 employees with payroll processing, benefit servicing and human resources. Gusto’s monthly pricing for basic services (full payroll but no access to HR experts) is $39, plus $6 per employee; for full-service it’s $149 plus $12 per employee.Cofounders: CEO Josh Reeves, 35; CTO Edward Kim, 35; CPO Tomer London, 34Cloud-based software to help businesses automate payroll, benefits and HR.Find All Fb Stock, Tigr Stocks, Twitter Stock, Lyft Stock, Best Tech Stocks, Trump Twitter, Amazon Stock News in TheOofy.Com.