The Greenwood Bible, also known as the ‘God Bless the USA Bible,’ includes patriotic texts. Former US President Donald Trump’s latest financial disclosure documents show he owns more than $1 million (Rs 8,39,68500) in cryptocurrency and made $300,000 (Rs 2,51,90550) from endorsing branded Bibles. As per the documents released on Thursday, Trump earned $300,000 in … Read more
When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and starts. On Wednesday, banks and hedge funds with more than $100 million … Read more
“Ensuring that a stablecoin retains its peg even under stressed market conditions is a solvable problem,” Catalini says. In an optimal scenario, he says, reserves would be made up of exclusively “high-quality, liquid assets,” like short-term US government bonds, and providers would maintain an “adequate capital buffer.” In the two years since Celsius filed for … Read more
US Senate Majority Leader Chuck Schumer presents US Vice President Kamala Harris with a “golden gavel” after she cast her 32nd tie-breaking vote in the Senate, the most ever cast by a Vice President, at the US Capitol in Washington, DC, December 5, 2023. Saul Loeb | AFP | Getty Images Senate Majority Leader Chuck … Read more
The cryptocurrency market plummeted in value on Sunday and continued tumbling into Monday morning, as investors dumped risky assets. Led by a drop of 15% in bitcoin in the past 24 hours and a 22% plunge in ether, the overall value of cryptocurrencies sank by about $367 billion, according to CoinGecko data, the the market … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell in New York City on August 5, 2024. Charly Triballeau | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
A trader works on the floor of the New York Stock Exchange. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to … Read more
In January, U.S. bitcoin miner Core Scientific was bankrupt and battling angry lenders. Since its return to the stock market that month, the share price is up 140% as the company aggressively goes after building a business in artificial intelligence. On Tuesday, the mining firm announced an expanded deal worth $6.7 billion with CoreWeave, an Nvidia-backed startup that’s one … Read more
Omar Marques | Lightrocket | Getty Images Bitcoin and ether are gaining back ground after falling to their lowest level in six months on Monday in the first major test of the recently launched crypto exchange-traded funds. As of early Monday, roughly $370 billion had been wiped off the market cap of all digital tokens … Read more
WIRED: This year, Tether has moved to diversify its business model with a push into venture capital. Tell me about the rationale. Ardoino: Tether has become extremely profitable in the last two years thanks to the increase in interest rates. When Tether started, you could make 0.2 percent on the reserve, but today you can … Read more