'Coinbase Effect' Makes Little-Known Cryptocurrency Go Bananas

'Coinbase Effect' Makes Little-Known Cryptocurrency Go Bananas 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

A little-known cryptocurrency surged 60% after Coinbase said it was “exploring” listing it on its exchange. | Source: Shutterstock Coinbase announced the potential addition of several new cryptocurrency assets this week. One of them, Matic Network (MATIC) jumped by over 60% in the 24 hours since the announcement. Little-Known Cryptocurrency Gains Over 60% With $100 Million Volume With a volume of nearly $100 million, the Matic price rose from just over 99 satoshis or 1 US cent to nearly $.017. Depending on how much you hold, that seemingly insignificant gain…

Amazon Lost More Value Since July Than 2.5 Times Tesla’s Market Cap

Amazon Lost More Value Since July Than 2.5 Times Tesla’s Market Cap 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Amazon stock has lost more value in the past month than the entire GDP of 23 countries and the market cap of 600 other stocks. | Source: (i) Drew Angerer / Getty Images / AFP (ii) Source: REUTERS/Mike Blake; Edited by CCN Amazon stock’s market value fell by a whopping $28 billion in Monday’s stock market slaughter. Since July 18, when Amazon reported its quarterly earnings, it’s market value has declined by $103 billion. Amazon’s fall over the past month | Source: Yahoo Finance How huge is this loss? Let’s…