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By Katherine HamiltonSoFi Technologies shares rose after the company said it would start offering a U.S. dollar stablecoin.The stock rose 5% to $26.54 on Thursday, and is up 72% this year.The financial services company said it would offer SoFiUSD, which is issued and backed with 1:1 cash reserves an…
Bank of Canada Gov. Tiff Macklem says central bank officials will work with senior policymakers at the country's Department of Finance on drafting new regulations for stablecoins. Canada's Liberal government unveiled last month plans for a regulatory regime overseeing stablecoins. "We want stablecoi…
By Callum KeownCrypto stocks are on a terrible run but ARK Invest's Cathie Wood is intent on buying the dip.Wood's ARK funds loaded up on almost $50 million worth of shares in crypto-exposed companies, including crypto exchange Coinbase, Ethereum treasury company Bitmine Immersion Technologies, stab…
By Chelsey DulaneyThe Nasdaq composite fell Monday as Broadcom and other AI-related stocks continued to weigh on tech shares.Indexes have been volatile this month, as worries around the artificial-intelligence boom have knocked technology stocks. Broadcom dropped again Monday, along with Oracle and …
By Katherine HamiltonPayPal has applied to form a bank offering business loans and savings accounts.The digital payments company, which owns Venmo, said Monday it had filed applications with the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to establish PayPal Ban…
By Vicky Ge HuangBitcoin fell below $86,000 on Monday, mirroring a broader decline in stocks and other risk assets as investors rotate out of high-growth assets and shift to value plays.The largest cryptocurrency traded at around $85,700 as of early Monday afternoon, down more than 30% from its earl…
By Nate WolfStrategy added almost $1 billion worth of Bitcoin last week, snapping up the cryptocurrency for a second week following a brief pause in its purchases.The world's largest corporate holder of Bitcoin bought 10,645 tokens in the period from Dec. 8 to Sunday at an average price of $92,098, …
By Dow Jones Newswires StaffGlobal stock markets were mixed to start the week, with falls across Asia even as European bourses opened up and U.S. stock futures pointed to a modestly higher open. Weak Chinese economic data and the continued fallout from renewed concerns over tech-sector valuations re…
By Vicky Ge HuangJPMorgan Chase is joining the list of traditional financial firms seeking to bring blockchain technology to an investing staple: the money-market fund.The banking giant's $4 trillion asset-management arm is rolling out its first tokenized money-market fund on the Ethereum blockchain…
By Callum KeownBitcoin was trading back below $90,000 early Monday after cryptocurrencies endured more selling pressure over the weekend. It suggests a nervousness among investors at the start of the final full trading week of 2025.Bitcoin slipped to $89,847 early in the day, down around 0.3% over t…
Bitcoin hoarding giant Strategy clung to its place in the Nasdaq 100 on Friday, continuing its year-long stint in the benchmark at a time where analysts have raised questions over its business model.
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