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Demand is running white-hot for the essential ingredient behind the artificial intelligence boom: chips produced by Nvidia . They’re in short supply and CoreWeave has them, propelling the fast-growing company towards seeking an initial public offering at a valuation of $35 billion or more. Yet t…
By Richard RubinWASHINGTON — The Senate voted to repeal a Biden-era rule requiring that some cryptocurrency platforms report their customers' transactions to the Internal Revenue Service, delivering a bipartisan victory to the ascendantindustry.The rule required the decentralized finance platforms, …
U.S. President faces renewed accusations of monetizing the presidency, with potential conflicts of interest emerging from ventures that include cryptocurrency, social media and other avenues for those seeking to funnel money his way.Trump handed over management of those assets to his children b…
By Michael SusinThe dollar and bond yields fell along with major stock markets in Asia and Europe as President Trump's tariffs came into effect, lighting up a trade war that has investors concerned about global growth. Oil prices also continued to slide.The Dow Jones Industrial Average dropped nearl…
0856 GMT - Bitcoin falls as global trade war fears weigh on risky assets. President Trump imposed 25% tariffs on Canadian and Mexican imports along with an additional 10% levy on Chinese goods Tuesday. The news dents risk appetite and prompts bitcoin to retrace the previous day's gains after Trump a…
By Joe LightPresident Donald Trump's goal to create a crypto strategic reserve has a major problem. Any attempt will most likely require Congress to pass a bill, and Republican-led efforts in red states to create a similar fund are failing.Trump said Sunday on TruthSocial that an executive order he …
Tether has appointed Simon McWilliams its new chief financial officer, the company behind the stablecoin technology said on Monday, as it moves towards a full financial audit. McWilliams, a seasoned finance executive with more than 20 years of experience leading large investment management firms thr…
U.S. stock index futures inched up on Monday, ahead of a crucial deadline on tariffs on top trade partners and a data-packed week that could throw light on the health of the world's largest economy.At 05:50 a.m. ET, Dow e-minis were up 101 points, or 0.23%, U.S. S&P 500 E-minis were up 19 poin…
By Frances YueInvestors pulled a record $3.3 billion from bitcoin ETFs in FebruaryBitcoin bulls have celebrated the introduction of exchange traded funds investing directly in the crypto, which pushed up institutional participation. But sudden outflows can also accelerate selloffs when the crypto dr…
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Block To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $50,000 in Block between February 26. 2020 and April 30, 2024 and would like to …
FERNANDINA BEACH, Fla., Feb. 28, 2025 (GLOBE NEWSWIRE) — The cryptocurrency market has been experiencing one of its most challenging phases. Even the biggest players, such as Bitcoin and Ethereum, have witnessed steep corrections of 15-30% from their recent highs. During such volatile times, most …
ROBESONIA, Pa., Feb. 28, 2025 (GLOBE NEWSWIRE) — Blaqclouds, Inc. is excited to unveil a series of major launches and listings scheduled for March 2025. As we continue our commitment to driving innovation and adoption in the blockchain space, these strategic milestones mark key developments in th…