Altcoin Season on Wall Street Booms: Wirecard AG Stock Up 700% In 5 Days
bitcoinschannel.com
Despite the German-based online payment processor Wirecard filing for insolvency last week, its stock price has surged by 700% in merely a few days. Additionally, the UK Financial Conduct Authority suspended the company’s subsidiary Wirecard Card Solutions, which also issues cryptocurrency debit cards for two firms – Crypto.com and TenX.
As these adverse developments occurred in the span of a few weeks, the publicly-traded company stocks felt the negative effects immediately. Following the news from yesterday that the UK regulator has lifted the suspension on Wirecard UK and the firm has resumed regular activities, WDI registered a significant surge.
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