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Bitcoin rises slightly on positive risk sentiment following a trade deal between the U.S. and EU. However, the cryptocurrency is stuck below the key $120,000 level following its recent rally. Earlier this month bitcoin reached a record high of $123,153, according to LSEG. It was boosted by so-called…
Ethereum could extend its gains as crypto treasury companies buy the digital asset, Standard Chartered's Geoff Kendrick says in a note. Crypto treasury companies, or listed companies that hold digital assets on their balance sheets, have recently expanded to include ethereum varieties. Corporate tre…
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By Natalie WegerFidelity National Information Services is partnering with Circle Internet Group to let financial institutions transact in the USDC stablecoin.The partnership launched after the Senate passed the Genius Act in June, which seeks to regulate the stablecoin industry. The new partnership …
By Denny JacobGoldman Sachs and Bank of New York Mellon will announce that they have created the ability for institutional investors to purchase tokenized money market funds, CNBC reports.Clients of custody bank BNY will be able to invest in money market funds whose ownership will be recorded on Gol…
By Denny JacobGoldman Sachs and Bank of New York Mellon will collaborate to support increased tokenization of financial assets.BNY, the world's largest custodian bank, will employ blockchain technology developed by investment bank Goldman Sachs to maintain a record of customers' ownership of select …
By Dow Jones Newswires StaffTrade optimism drove global stock markets higher Wednesday after the U.S. struck agreements with Japan, the Philippines and Indonesia. For Japan in particular, the lowering of tariffs on carmakers to 15% from their current 25% provided a big boost to a core industry and p…
** Shares of crypto exchange Coinbase and retail trading platform Robinhood , which offers trading in crypto tokens, hit record highs ** U.S. House of Representatives on Thursday passed bill to create regulatory framework for U.S.-dollar-pegged tokens known as stablecoins, sending bill to President…
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- CBS said on Thursday that it was canceling the most-watched show in late night, "The Late Show With Stephen Colbert," and ending a franchise that ha…
By Nicholas G. MillerShares of GameSquare fell after the company said it would offer 46.7 million shares for $1.50 a piece, a day after the stock surged more than 50%.The stock was down 29% Thursday to $1.64. It is up 97% so far this year.On Wednesday, the stock soared 53% after the company detailed…
By Joe Woelfel and Mackenzie TatananniStocks turned higher Monday, shaking off President Donald Trump's threat over the weekend to put a 30% tariff rate on imports from the European Union and Mexico beginning Aug. 1.These stocks were moving:Boeing gained 1.2%. A fuel switch malfunctionprobably cause…
** S&P 500 breaks two-week winning streak, edges down 0.3% as latest Trump tariff salvos weigh ** Dow retreats 1%, while Nasdaq Composite down fractionally** Indeed, DJI kicked off week looking poised to leap over the velvet rope, but by Fri ended three-week winning streak, as did IXIC** And desp…