How Cryptocurrency Traders Benefit from Blockchain Technology

blockchain technology

Blockchain technology is a critical infrastructure for the existence of cryptocurrency and arguably one of the reasons why cryptocurrencies exist. The two are different, but they are essentially part of the same system.

Blockchain technology, therefore, affects traders directly but there are other ways that cryptocurrency traders benefit from the technology. It not only supports the existence of digital currencies but also facilitates the transfer and storage of funds, therefore making it easy for crypto investors to trade.

Blockchain’s Impact on Cryptocurrency Value

The value a cryptocurrency also seems to be related to the …

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DBGI – DBGI Stock Price Increased 31.05%: Why It Happened

The stock price of Digital Brands Group Inc (NASDAQ: DBGI) increased 31.05% today. This is why it happened.

The stock price of Digital Brands Group Inc (NASDAQ: DBGI) increased 31.05% today as it went from a previous close of $4.09 to $5.36. Investors responded positively to Digital Brands Group announcing that they are expanding their already expansive e-commerce ecosystem by launching a select group of brands on Amazon this fall.
DBG said it is excited to be finalizing an agreement with a marketing services firm that specializes in Amazon advertising — which they believe will quickly and effectively provide additional brand awareness and boost customer acquisition. And the company has a plan for expansion onto Amazon with the goal of being a fully interactive custom DBG store with exclusive content in the near future.
KEY QUOTES:
“Amazon adds an additional customer acquisition channel to our marketing strategy. We have reviewed data from several apparel brands that have leveraged Amazon’s marketplace and we are excited about the opportunity this channel adds to our customer acquisition and brand awareness.”
“Amazon is a juggernaut in the retail industry regardless what category you are in. It is imperative to any brand to have a well-designed, high traffic presence on the platform to add to brand recognition and promote sales both through the platform and on other channels the bottom line. Our data gives DBG great confidence we can hit above-average conversion rates at a cost for customer acquisition compared to industry standards, we look forward to sharing the results of this project in the coming months.”
— Laura Dowling, DBG’s Chief Marketing Officer
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

SBUX – Starbucks CEO says business is rebounding in markets where vaccinations are up

In this articleFBStarbucks is seeing big upticks in business in places where vaccinations are on the rise, CEO Kevin Johnson said Thursday. “Consumer mobility shot through the roof and … we started seeing traffic increasing in our stores,” Johnson told CNBC’s Jim Cramer in a “Mad Money” interview. He also said that Starbucks’ same-store sales are surpassing pre-pandemic levels in regions where consumers are being vaccinated.The relation between higher business activity and increasing vaccination rates is simple, Johnson said. The company found that when at least 35% or more of adults were vaccinated against the virus in a market, governments begin easing Covid restrictions, making way for business to rebound.Johnson added the U.S. is acting as a bellwether for global markets as countries inoculate citizens against Covid-19 and roll back health restrictions.”We now see that happening in Mexico, we’re starting to see that happen in Europe,” he added. “Every market around the world is going to see exactly what the United States has experienced here over the last 90 days.”Seattle-based Starbucks has a presence in 80 countries and draws the majority of its revenues in the U.S.Questions for Cramer? Call Cramer: 1-800-743-CNBCWant to take a deep dive into Cramer’s world? Hit him up! Mad Money Twitter – Jim Cramer Twitter – Facebook – InstagramQuestions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

PTON – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Peloton Interactive, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 28, 2021 – PTON

New York, New York–(Newsfile Corp. – June 24, 2021) – The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Peloton Interactive, Inc. (“Peloton”) (NASDAQ: PTON) between September 11, 2020 and May 5, 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of New York. To get more information go to:https://www.zlk.com/pslra-1/peloton-interactive-inc-loss-submission-form?prid=17178&wire=5or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.Peloton Interactive, Inc. NEWS – PTON NEWSCASE DETAILS: According to the filed complaint: (1) in addition to the tragic death of a child, Peloton’s Tread+ had caused a serious safety threat to children and pets as there were multiple incidents of injury to both; (2) safety was not a priority to Peloton as defendants were aware of serious injuries and death resulting from the Tread+, yet did not recall or suggest a halt of the use of the Tread+; (3) as a result of the safety concerns, the U.S. Consumer Product Safety Commission (“CPSC”) declared that the Tread+ posed a serious risk to public health and safety and urgently recommended that consumers with small children cease using the Tread+; (4) the CPSC also found a safety threat to Tread+ users if they lost their balance; and (5) as a result of the foregoing, defendants’ statements about Peloton’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Peloton, you have until June 28, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.NO COST TO YOU: If you purchased Peloton securities between September 11, 2020 and May 5, 2021, you may be entitled to compensation without payment of any out-of-pocket costs or fees.PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/peloton-interactive-inc-loss-submission-form?prid=17178&wire=5 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm’s Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services’ (“ISS”) SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs’ securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.Ed Korsinsky, Esq.55 Broadway, 10th FloorNew York, NY 10006jlevi@levikorsinsky.comTel: (212) 363-7500Fax: (212) 363-7171www.zlk.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/88636

RWJ – Buy Low, Sell High with Invesco S&P SmallCap 600 Revenue ETF

Bargain-priced shares in small companies have been on a tear lately. The S&P SmallCap 600 Value Index has climbed 72% over the past 12 months. Invesco S&P SmallCap 600 Revenue ETF (RWJ) has done even better, gaining 113%.The exchange-traded fund’s (ETF) holdings are weighted by revenues, rather than market value, which helps to “exploit the concept of buy low, sell high,” says Invesco’s Nick Kalivas.No matter the reason that stocks run up in price, every three months the fund rebalances based on revenue. That shields the ETF some from fad investing trends. For example, after gaining more than 5,000% over the past 12 months, GameStop (GME) is the top holding of the fund’s parent index, the market-value-weighted S&P SmallCap 600. In the ETF, GameStop ranks 30th.The fund is well positioned for economic growth. Consumer discretionary companies – makers of nonessential consumer goods and services – compose 27% of the fund’s assets, which is 12 percentage points more than its typical peer.Some consumer discretionary stocks, including Macy’s (M), a top-10 holding in the ETF, have logged triple-digit gains over the past year. Still, BofA Global Securities strategist Jill Carey Hall counts consumer discretionary as one of her favorite sectors these days. And small-company stocks “look inexpensive” next to large companies, she says.This ETF is high on returns and high on volatility. It boasts a three-year, 20.1% annualized return that beat 99% of its peers.