Skeptical analyst jumps on the PayPal bandwagon

FAN Editor

Research firm Cowen has decided to join the party at PayPal. Analyst George Mihalos upgraded the stock on Tuesday to outperform from market perform and hiked his price target on the shares to $88 from $67. The new price target represents 11 percent upside. In a note to clients, Mihalos […]

Cryptocurrencies are plunging, led by ripple, bitcoin

FAN Editor

Digital currencies fell broadly on Monday, with ripple and bitcoin leading the charge lower. Ripple traded 12.6 percent lower on the Bitstamp exchange. Coinmarketcap.com showed its price down nearly 30 percent, but it appeared that may be due to the site excluding certain prices from Korean exchanges. Bitcoin was off […]

Second-largest cryptocurrency ripple may have run ahead of itself

FAN Editor

Digital currency ripple has blown past its cryptocurrency rivals largely because it is working with large institutions, which give it an aura of legitimacy and practicality. However, cryptocurrency enthusiasts say that centralization is the exact opposite of what the technology of the digital currencies should be about. “The reason ripple […]