Tag: Market News

Why Has Tesla’s Stock Grown So Rapidly, And Will it Continue To Rise?

As of today, the stock price for Tesla Motors Inc has increased 623 percent over the past 12 months. This type of increase is unparalleled in the automobile industry in at least 20 years, according to reports. In this year alone, while GM and Ford have both experienced losses, Tesla’s stock has risen by an… Read More

Bitcoin Experience Problems, Dogecoin Grows in Popularity

The closure and eventual bankruptcy filing of Mt. Gox has created a frenzy of news stories regarding the future viability and regulation of the bitcoin exchange. In the midst of  bitcoin’s problems, however, another cryptocurrency called “dogecoin” is continuing to grow in popularity.   Dogecoin was originally created as a parody of other cryptocurrencies, such… Read More

Former Largest Bitcoin Exchange Market Mt. Gox Files for Bankruptcy

On Friday, Feb. 28, Mt. Gox filed for bankruptcy protection in a Tokyo court. The Mt. Gox exchange stopped trading entirely earlier in the week, on Monday, Feb. 24, and had stopped all withdrawals from the site earlier in the month due to fraud and security issues.   (Related: Mt. Gox Shuts Down, Skeptics Worry… Read More

Mt. Gox Shuts Down, Skeptics Worry and Other Bitcoin Exchanges Take Its Place

The bitcoin business is risky.   Mt. Gox, one of the largest markets for trading the bitcoins, shut down Tuesday morning. The company later announced that they had closed off transactions “in order to protect the site and our users.” Users who had bitcoins in the Mt. Gox exchange were (and still are) unable to access… Read More