Siamak Masnavi

News Reporter

Siamak received his PhD in Computer Science from University of London in 1992. He is a freelance writer and software developer.

Articles by Author

Bitcoin ($BTC)

Prominent Crypto Analyst Willy Woo Predicts Bitcoin Price Targets: $88K Consolidation, $102K Next

Prominent Bitcoin analyst Willy Woo recently shared his insights on social media platform X (formerly Twitter), forecasting Bitcoin’s upcoming price movements. According to Woo, Bitcoin is currently navigating a phase of unfettered price discovery, having broken into new all-time highs. His analysis hinges on Fibonacci levels and market liquidation data to predict potential resistance points […]
Bitcoin ($BTC)

VanEck’s Matthew Sigel Says ‘Bitcoin Is Now in Blue Sky Territory With No Technical Resistance’, Predicts BTC Reaching $180K in 2025

On November 14, Matthew Sigel, the head of digital asset research at global asset manager VanEck, joined CNBC’s “Squawk Box” to share his thoughts on the ongoing rally in the crypto market. During the interview, Sigel expressed confidence that Bitcoin’s recent surge is far from over. He argued that the current rally, which followed the […]
Federal Reserve

Fed Chair Powell Signals Cautious Approach on Rates as U.S. Inflation Nears Target

Federal Reserve Chair Jerome Powell delivered a key speech yesterday, addressing the economic outlook and monetary policy at an event organized by the World Affairs Council, the Federal Reserve Bank of Dallas, and the Dallas Regional Chamber. During his remarks, Powell expressed optimism about the current state of the U.S. economy while emphasizing a careful […]
Bitcoin ($BTC)

Michael Saylor: “I’m Already Planning the $100K Bitcoin Party for New Year’s Eve at My House”

On November 14, Michael Saylor, the co-founder and executive chairman of MicroStrategy (Nasdaq: MSTR), joined CNBC from the Caner Crypto, Digital Assets, and AI Infrastructure Conference in Miami. The discussion kicked off with CNBC host Morgan Brennan addressing the recent surge in Bitcoin’s price, asking Saylor whether the rally was linked to the anticipation of […]
DeFi

Eric Trump: ‘Never Before Have We Been More Bullish on Crypto or the Overall Future of DeFi Technology’

World Liberty Financial (WLFI) announced a partnership with Chainlink on Nov. 14, aimed at enhancing the security and interoperability of its DeFi protocol. The collaboration is intended to leverage Chainlink’s established on-chain data and cross-chain connectivity solutions, which are widely adopted across the decentralized finance sector. According to the release, this partnership is seen as […]
Cryptocurrency

Crypto Market Cap Surges Past $3.15 Trillion With Memecoins Leading the Gains

The cryptocurrency market has entered a new phase of expansion, with total market capitalization reaching $3.15 trillion amid a 2.6% daily increase. Daily trading volume across the crypto ecosystem stands at $402.3 billion, indicating significant market activity across multiple sectors and asset classes. Bitcoin continues to dominate the market at $91,284.77, demonstrating sustained strength with […]
Bitcoin ($BTC)

As Bitcoin Surged Past $88,000, Bitwise CIO Told Investors “You’re Still Early”

Bitwise CIO Matt Hougan recently shared his thoughts on Bitcoin’s latest surge, reflecting on its future trajectory. According to Hougan, while Bitcoin has seen impressive gains, it’s still early days for the asset until it reaches a value of $500,000 per coin. As of 12 November, Bitcoin is trading near $88,000, having doubled in value […]
Cryptocurrency

Arca and BlockTower to Merge, Creating a Major Player in Crypto Asset Management

Arca and BlockTower announced on Nov. 13 that they have signed a letter of intent (LOI) to merge their operations, aiming to form a significant force in the field of crypto asset management. According to the release, the combined firm will consolidate its business units under a single brand, while BlockTower Venture Capital will continue […]
Blackrock

BlackRock Expanding Tokenized Fund BUIDL to Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet, and Polygon

BlackRock announced on Wednesday that it is expanding its tokenized liquidity fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to operate on multiple blockchain platforms. According to the press release, the fund, originally launched on Ethereum in March 2024 and tokenized through Securitize, will now extend to new share classes on Aptos, Arbitrum, Avalanche, […]
Bitcoin ($BTC)

NYSE-Listed AI-Powered Education Technology Firm’s Stock Doubles After Announcing $120M Bitcoin Treasury Plan

Shares of Genius Group, an AI-powered education provider, surged over 100% on Tuesday after the company announced plans to convert 90% of its treasury reserves into Bitcoin. The stock, which has lost more than 98% of its value since trading began, jumped from $0.58 to $1.16, pushing its market capitalization to $21.22 million. The NYSE […]
US stock market

U.S. Stocks Retreat as Tech Names See Mixed Trading Day

U.S. stocks pulled back on Tuesday, November 12, 2024, with all major indices closing in negative territory despite some notable bright spots in the technology sector. The Dow Jones Industrial Average led the decline, dropping 382.15 points, or 0.86%, to close at 43,910.98. The S&P 500 fell 17.36 points, or 0.29%, to end at 5,983.99, […]
Bitcoin ($BTC) Uncategorised

Bitcoin Momentum Pauses After Historic Rally, But Investors Eye $100K Milestone

The crypto market took a breather on Tuesday, with Bitcoin easing by about 1% to $87,440.88, following its explosive rally last week after Donald Trump secured the U.S. presidency. Investors are anticipating another surge, with many setting their sights on Bitcoin crossing the $100,000 mark by year-end. Yesterday, Bitcoin hit a peak of $89,623, according […]
Bitcoin ($BTC) Coinbase Solana ($SOL)

Coinbase Launches Wrapped Bitcoin ($cbBTC) on Solana, $SOL Breaks Above $200 for First Time Since April 2

In September, Coinbase unveiled cbBTC, a wrapped version of Bitcoin that enabled users to utilize their Bitcoin holdings in decentralized finance (DeFi) applications on Ethereum and Base without selling or converting to other cryptocurrencies. Some of the most popular DeFi platforms that will support cbBTC from the start include well-known names like Uniswap, Aave, Compound, […]
Cryptocurrency Donald Trump

Neoclassic Capital Co-Founder on How Trump’s Crypto Policies Could Impact the Market

On November 6, CNBC’s MacKenzie Sigalos spoke with Michael Bucella, Co-Founde and Managing Partner at crypto-focused investment firm Neoclassic Capital, on CNBC’s “Power Lunch” to discuss how the crypto market could be impacted by the incoming Trump administration. Bucella explains that Donald Trump, who was initially not supportive of the crypto sector, has recently adopted […]
Bitcoin ($BTC)

If Trump Administration Passes a Bitcoin Act, BTC Would Get ‘A Historic Level of Legitimacy’: CoinShares Researcher

According to James Butterfill, CoinShares’ Head of Research, Donald Trump’s administration is expected to create a more supportive environment for Bitcoin’s growth and adoption. In a blog post published on Wednesday, Butterfill highlights Trump’s potential introduction of the Bitcoin Act as a key development, noting that the legislation would position Bitcoin as a strategic reserve […]
Ethereum ($ETH)

Dan Tapiero Predicts Ethereum’s Rise to $8,000 Amid Anticipated Pro-DeFi Regulations

On November 6, Donald Trump was declared the winner of the 2024 U.S. Presidential Election, a development that has sent ripples through the cryptocurrency community. This win follows months of pro-crypto positioning by Trump, highlighted by his notable appearance at the Bitcoin 2024 conference in Nashville on July 27. His speech at the event laid […]
CCData

Crypto Trading Volumes Surge in October 2024 Ahead of US Presidential Election: CCData Report

CCData has just released the October 2024 edition of its popular and highly-respected Exchange Review report. CCData is a Financial Conduct Authority (FCA)-authorized benchmark administrator and global leader in digital asset data and publishes comprehensive Exchange Review reports monthly. These reports analyze key developments in the cryptocurrency exchange market, covering exchange volumes, crypto derivatives trading, […]
Dogecoin ($DOGE)

Dogecoin Edges Past Bitcoin in 2024: How Trump Victory and Musk Alliance Are Powering Its Rally

As of November 6, 2024, at 11:05 a.m. UTC, Dogecoin’s year-to-date performance is outpacing that of Bitcoin. According to CoinDesk Indices, Bitcoin (BTC) is currently trading at $74,790, showing gains of 7.7% in the past 24 hours, 22.64% over the past month, and 77.34% year-to-date (YTD). Meanwhile, Dogecoin (DOGE) is trading at $0.2040, with impressive […]
Bitcoin ($BTC)

MicroStrategy’s $42B Bitcoin Plan Faces Major Hurdles, CoinShares Warns

MicroStrategy’s recently announced “21/21 Plan” to invest $42 billion in Bitcoin over three years faces several significant hurdles, according to a new analysis from European digital asset investment firm CoinShares. On October 30, MicroStrategy Inc. (Nasdaq: MSTR) released its Q3 2024 financial results, highlighting both its latest Bitcoin acquisition strategy and challenges within its software business. […]
Bitcoin ($BTC)

Semler Scientific Follows MicroStrategy’s Bitcoin Playbook, Raising $2.5M for Its Latest BTC Purchase

Semler Scientific, Inc. (Nasdaq: SMLR), a developer of technology products for healthcare providers, appears to be following MicroStrategy’s Bitcoin accumulation playbook, reporting continued BTC purchases alongside its third-quarter 2024 results. According to the firm’s press release, it added 47 bitcoins since late August, bringing its total holdings to 1,058 BTC purchased for $71.0 million. Semler Scientific, […]

Several Major Crypto Firms Launch a New Dollar-Pegged Stablecoin Project ($USDG)

Seven crypto and fintech companies announced the formation of a new stablecoin project called Global Dollar Network on November 4, 2024. The founding members are cryptocurrency custodian Anchorage Digital, crypto exchange Bullish, trading firm Galaxy Digital, crypto exchange Kraken, payments company Nuvei, regulated blockchain infrastructure provider Paxos, and retail trading platform Robinhood. According to the […]

Florida CFO Pushes for Bitcoin Investment in State Pension Funds, Cites National Security and Financial Growth

In a recent press release, Florida’s Chief Financial Officer (CFO) Jimmy Patronis officially requested that the State Board of Administration (SBA) explore the feasibility, risks, and potential advantages of investing a portion of Florida’s state retirement funds into cryptocurrency, with a specific focus on Bitcoin. Patronis’s letter, sent on 29 October 2024, highlighted Florida’s strong […]

Standard Chartered Analyst Predicts Bitcoin Price Surge to $125,000 Based on Post-Election Scenarios

In a recent report, Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, outlined his team’s analysis of Bitcoin’s potential price movements following the U.S. presidential election. Kendrick’s team used daily Bitcoin volatility levels and popular strike prices to predict Bitcoin’s price trajectory and expects it to be around $73,000 on Election Day, i.e. […]

Canary Capital Takes First Step Toward US-Listed Spot Solana ETF With S-1 Filing

Canary Capital Group, a recently established digital asset investment firm led by former Valkyrie Funds co-founder Steven McClurg, has taken another step toward establishing itself as a leader in the spot crypto ETF market in the U.S. On October 30, the firm filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission […]

Crypto Exchange Kraken Is Cutting 15% of Its Workforce, Reports The New York Times

Kraken, a leading cryptocurrency exchange, is reportedly laying off 15% of its employees amid the internal restructuring the firm announced on Wednesday. According to sources close to the company that The New York Times (NYT) spoke to, the layoffs affect about 400 of Kraken’s approximately 2,600 employees and include key leadership exits, including COO Gilles […]

MicroStrategy to Raise $42 Billion for Further Bitcoin Purchases Amid Core Business Struggles

On October 30, MicroStrategy Inc. (Nasdaq: MSTR) released its Q3 2024 financial results, highlighting both its latest Bitcoin acquisition strategy and challenges within its software business. The company, known for its substantial Bitcoin holdings, announced a three-year “21/21 Plan” to raise $42 billion—$21 billion in equity and $21 billion in fixed-income securities. This capital would […]

Coinbase Shares Fall After Q3 2024 Results Fail to Meet Analysts’ Estimates for Revenue and EPS

On Wednesday, Coinbase Global Inc. (NASDAQ: COIN) released its Q3 2024 financial results, revealing a challenging quarter marked by missed revenue and earnings expectations. The cryptocurrency exchange reported a total revenue of $1.2 billion, slightly below the $1.26 billion forecasted by Wall Street analysts, according to an LSEG survey. Earnings per share (EPS) reached 30 […]

Bitwise CIO Explains Why Bitcoin Is ‘Surging Toward All-Time Highs’

In a thread posted to the social media platform X (formerly known as Twitter) on October 29, Matt Hougan, CIO of Bitwise Asset Management, outlined his view on the factors that could propel Bitcoin to a significant price milestone, potentially reaching $200,000. Hougan shared the highlights from a conversation with a financial advisor, who questioned […]

Samsung Electronics Market Cap Drops $122B Over AI-Linked Memory Chip Struggles: Bloomberg Report

South Korean tech giant Samsung Electronics Co., which was expected to capitalize on the booming AI market, has seen a sharp downturn in recent months, highlighted by a 32% stock decline since July and a staggering $122 billion loss in market value, according to an article by Youkyung Lee and Yoolim Lee for Bloomberg News […]

AI Supercharges Growth at Alphabet (NASDAQ: GOOG) Growth: Highlights from Q3 2024 Earnings Call

In Alphabet’s recent Q3 2024 earnings call, CEO Sundar Pichai and other executives emphasized how artificial intelligence (AI) is the central pillar supporting Alphabet’s strategic evolution and growth. AI Infrastructure and Cost Efficiency Pichai described Alphabet’s “full stack” approach to AI, highlighting the company’s advanced AI infrastructure, substantial research capabilities, and global reach. Pichai emphasized […]

Visa Enables Real-Time Deposits and Withdrawals for Coinbase Users in U.S. and EU

Visa has announced a new partnership with Coinbase, offering enhanced money movement capabilities for eligible Coinbase users in the U.S. and the EU. The integration with Visa Direct will allow Coinbase customers to deposit funds instantly using a Visa debit card.  Visa Direct is a payment network that allows businesses and individuals to send and […]

MetaMask Developer Consensys Cites U.S. SEC Actions and Regulatory Uncertainty for 20% Staff Layoff

In a blog post published on October 29, Joe Lubin, Founder and CEO of Consensys, discussed the company’s decision to reduce its workforce by 20% in response to global economic pressures and a challenging U.S. regulatory landscape. Lubin talked about how rising interest rates, inflation, and tightened liquidity have created a more cautious environment for […]

Paxos CEO Calls on Harris and Trump to Champion a Stablecoin Framework That Drives Innovation

On Monday, in an open letter addressed to Vice President Kamala Harris and Former President Donald Trump, Paxos Co-Founder and CEO Charles Cascarilla outlined the need for stronger U.S. support for blockchain technology, cautioning that America’s financial leadership could be at risk. Paxos is a regulated fintech company that provides blockchain infrastructure for managing digital […]

How Bitcoin Could Reach $3 Million by 2050, Explains VanEck’s Head of Digital Assets Research

In his recent appearance on CNBC’s “Squawk Box”, VanEck’s Head of Digital Assets Research, Matthew Sigel, provided an analysis of cryptocurrency markets, their current trends, and the anticipated influence of the 2024 U.S. presidential election on digital assets, especially Bitcoin. Sigel began by talking about Bitcoin’s remarkable climb above $68,000, attributing this growth to a […]

Emory University Becomes First American College to Invest $15M in a Spot Bitcoin ETF

Emory University, a private research institution based in Atlanta, Georgia, has recently made headlines by disclosing a $15.8 million investment in a spot Bitcoin exchange-traded fund (ETF). Known for its strong academic programs in fields like liberal arts, law, business, public health, and medicine, Emory was founded in 1836 and is affiliated with the United […]

Crypto Analyst Explains Why He’ll Be More Bullish on $SOL Than $ETH if Trump Wins

Prominent crypto analyst Alex Krüger recently shared his strategy for the 2024 U.S. Presidential Election, highlighting a shift in his investment approach. On 25 October 2024, he revealed on the social media platform X (formerly Twitter) that he initially planned to take leveraged positions in both Ethereum (ETH) and Solana (SOL) if it looked like […]

Analyst on Evolution of Altcoin Trading: From Betting on Potential Disruptors to ‘An Honest Bubble Casino’

Willy Woo, a prominent crypto analyst, recently revisited the altcoin space after a long period of silence. On 26 October 2024, he took to X (formerly Twitter) to share his perspective on the evolution of the altcoin market, examining the shifts that have taken place over several cycles. Woo noted that he distanced himself from […]

HKEX To Launch Reliable Benchmarks for Bitcoin and Ether Pricing in the Asian Time Zone

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the upcoming launch of its HKEX Virtual Asset Index Series, marking a major step in the development of a growing asset class and strengthening Hong Kong’s status as Asia’s leading center for digital assets. Set to debut on 15 November 2024, the Index Series will deliver […]

Coinbase Launches Autonomous On-chain Agent Framework for Base Blockchain

Coinbase has launched a new framework called “Based Agent” that enables users to create their own AI-powered crypto agent, complete with a wallet on the Base blockchain, in just under three minutes. Coinbase product manager Lincoln Murr, who made this announcement, says this framework is designed to simplify the process of setting up AI agents […]

Retail Investors Hold 80% of Bitcoin in Spot BTC ETFs, Binance Report Finds

According to a Binance Research report (title: “Spot ETFs in Crypto Markets”) published earlier today, spot Bitcoin ETFs have collectively accumulated around 938.7K BTC, valued at roughly $63.3 billion. This figure, when including similar funds, accounts for 5.2% of Bitcoin’s total supply. The report points out that net flows for BTC ETFs have exceeded 312.5K […]

This Is the Best Time in a Decade for Investing in Gold and Silver, Says Citi’s Head of Commodities Research

On October 25, 2024, Max Layton, the head of commodities research at Citi, shared his expert analysis on CNBC’s “Squawk Box,” where he discussed the price movements of gold, silver, and other hard commodities. Layton said that gold and silver prices have exhibited impressive gains, even as several traditional indicators moved against them. Despite factors […]

Chainlink’s Data Feeds Are Coming to Bitcoin Via Botanix Labs’ L2 Network ‘Spiderchain’

Botanix Labs has announced that it is integrating Chainlink’s services into Spiderchain, a Layer 2 (L2) network built on Bitcoin. This collaboration is part of the Chainlink Scale program, aiming to bring real-world data to Bitcoin’s blockchain. Botanix Labs plans to utilize Chainlink’s oracle technology, which delivers accurate off-chain data to blockchain systems, and the […]

Kraken’s Upcoming L2 Blockchain ‘Ink’ Will Be Joining Optimism’s Superchain by Building on the OP Stack

On October 24, Kraken introduced Ink, a new Layer 2 (L2) blockchain platform designed to streamline access to decentralized finance (DeFi). Built on Optimism’s OP Stack and set to be part of the wider Ethereum Superchain, Ink aims to remove traditional barriers that often make navigating DeFi challenging. Ink reflects Kraken’s objective of making crypto […]

Tesla Stock (NASDAQ: TSLA) Jumps 13% in After-Hours Trading After Strong Q3 2024 Results

On 23 Oct 2024, Tesla Inc. (NASDAQ: TSLA) released its Q3 2024 Financial Results. Financial Overview In Q3 2024, Tesla reported a total revenue of $25.2 billion, marking an 8% year-over-year increase. This rise was attributed to higher vehicle deliveries and enhanced revenue from energy generation, storage solutions, and service-related operations. Notably, the company achieved […]

Polish Radio Station Replaces Human Journalists With AI-Generated ‘Hosts’

A Polish radio station, OFF Radio Kraków, has ignited a national debate in Poland by dismissing its journalists and relaunching with AI-generated presenters, according to a report by Vanessa Gera for the Associated Press (AP). The station, located in the southern city of Krakow, announced earlier this week that it was conducting an unprecedented experiment […]

UK Set to Introduce Stablecoin Rules Within Months, Predicts Circle’s Policy Chief

According to Dante Disparte, stablecoin issuer Circle’s Chief Strategy Officer and Head of Global Policy, the UK is expected to introduce stablecoin regulations within the coming months. Per a report by Ryan Browne for CNBC, Disparte, who shared his outlook during an interview in London, believes the country will soon establish formal guidelines for stablecoins, […]

‘A Spot ETF for XRP Is Just Inevitable’, Says Ripple CEO Brad Garlinghouse

Ripple Labs CEO Brad Garlinghouse believes that a spot exchange-traded fund (ETF) for the company’s XRP cryptocurrency is bound to happen. In a conversation with Sonali Basak and Tim Stenovec on Bloomberg Television on 23 October 2024, Garlinghouse emphasized that institutional and retail interest in cryptocurrencies is on the rise, suggesting that XRP will follow […]

Bitcoin Going to $200K by 2025 Is a ‘Conservative Estimate’, Say Bernstein Analysts

Analysts at Bernstein, a leading research and brokerage firm that is a subsidiary of global investment firm AllianceBernstein (AB), have reportedly described their Bitcoin price prediction of $200,000 by the end of 2025 as “conservative.” They urged those skeptical about cryptocurrency to reconsider its potential, particularly given the rising U.S. debt levels. According to a […]

IMF Warns of Persistent Global Inflation Despite Growth Prospects for 2024

The International Monetary Fund (IMF) published its latest World Economic Outlook on 22 October 2024. This report paints a nuanced picture of global economic recovery, highlighting the complexities of inflation control, fiscal pressures, and structural challenges that vary across regions. Despite some progress in reining in inflation, the IMF notes that the battle is not […]

River’s New Product Lets Investors Earn Bitcoin Interest on FDIC-Insured Cash Deposits

On October 22, River, a U.S.-based Bitcoin financial services company, announced the launch of its new product, Bitcoin Interest on Cash, which allows investors to earn interest on their cash deposits and receive payments in Bitcoin. This new offering is designed to help individuals grow their savings in a volatile economic environment while ensuring security […]

Aurum Equity Partners Launches $1B Tokenized Fund Powered by XRP Ledger

Aurum Equity Partners has announced the launch of the world’s first $1 billion fund combining equity and debt, tokenized through a collaboration with Zoniqx. This new venture, which will use the XRP Ledger (XRPL), represents a major development in the field of real-world asset tokenization (RWA), specifically targeting global data center investments. The data centers […]

Billionaire Investor Paul Tudor Jones Explains Why He Is Long on Gold and Bitcoin: ‘All Roads Lead to Inflation’

On Tuesday, October 22, Billionaire investor Paul Tudor Jones, founder and chief investment officer of Tudor Investment Corporation, joined Andrew Ross Sorkin on CNBC’s “Squawk Box” to discuss the pressing issues surrounding the upcoming U.S. presidential election, the state of the U.S. economy, and the looming threat of a debt crisis. PTJ kicked off the […]

VanEck Solana ETN Now Offers Staking Rewards for Investors Across the European Union

The VanEck Solana ETN (VSOL) offers investors the opportunity to gain exposure to the Solana (SOL) blockchain, which is known for its high-speed transaction capabilities and scalability for decentralized applications. The ETN is fully collateralized with Solana, with the underlying SOL held in cold storage at a regulated custodian. The ETN tracks the MarketVector Solana […]

Fundstrat’s Tom Lee on the S&P 500 Rally: Stocks Are Still ‘A Buy-the-Dip Market’

On Monday, in an interview on CNBC’s “Squawk on the Street,” Tom Lee, Head of Research at Fundstrat Global Advisors, offered a compelling analysis of why the stock market has continued its upward momentum. Lee, who has recently raised his target for the S&P 500 to 6,000, explained the underlying factors driving the current rally, […]

Ripple Co-Founder Chris Larsen Donates $10M in XRP to Kamala Harris’ Campaign

Chris Larsen, Co-Founder and Executive Chairman of Ripple, has significantly increased his support for Vice President Kamala Harris’s election campaign by contributing $10 million in XRP, making him the largest individual donor in the crypto industry backing Harris. On Monday, in a post on X, Larsen emphasized Harris’s potential to bring a fresh perspective to […]

Crypto Economy Will Grow to $100 Trillion ‘Over the Next 10 Years’, Predicts Real Vision CEO

Recently, Raoul Pal, Co-Founder and CEO of financial education platform Real Vision, shared his thoughts on how the growing convergence of AI and blockchain could reshape society and the economy. In an X post on October 19, Pal suggested that as AI increasingly takes over traditional tasks, people may turn to speculation on cultural communities […]

FinTech Firm Stripe Bets Big on Stablecoins in Its Latest and Largest Acquisition

Stripe, a major player in the FinTech space, has reportedly completed its largest acquisition to date, purchasing stablecoin-based payments network Bridge for $1.1 billion. Former TechCrunch editor Michael Arrington confirmed the acquisition in a post on the social media platform X on October 20. Neither Stripe nor Bridge has yet provided an official comment on […]

Bitcoin Must Be Banned or Taxed to Let Governments Keep Running Deficits, Says Minneapolis Fed Research Paper

Amol Amol and Erzo Luttmer, both associated with the University of Minnesota and the Federal Reserve Bank of Minneapolis, published a working paper on October 17 titled “Unique Implementation of Permanent Primary Deficits?“ A permanent primary deficit refers to a fiscal situation where a government consistently spends more than it earns from its regular income […]

U.S. SEC Greenlights Listing and Trading of Spot Bitcoin ETF Options on NYSE and Cboe

On October 18, the U.S. Securities and Exchange Commission (SEC) approved two key filings allowing the listing and trading of options on spot Bitcoin Exchange-Traded Funds (ETFs) by both NYSE American LLC and Cboe Exchange, Inc.  NYSE American LLC is a subsidiary of the New York Stock Exchange (NYSE) Group and primarily caters to small-cap […]

Bank of America Predicts Gold to Shatter Records as Safe Haven Demand Soars

Bank of America strategists have pointed to a growing interest in gold as a safe-haven asset amid rising risks in other traditional options, according to a recent article by Jordan Finneseth for Kitco News. After years of low interest from both retail and institutional investors, gold has recently been setting new record highs. Analysts at […]

Most Read

NYSE-Listed AI-Powered Education Technology Firm’s Stock Doubles After Announcing $120M Bitcoin Treasury Plan

  • 13 Nov 2024

Ripple’s Upcoming XRPL-Powered Stablecoin RLUSD Gains Momentum with Early Customer Interest

  • 12 Nov 2024

Bitcoin Price Hits New All-Time High Above $75,000 as Trump Takes Electoral College Lead

  • 6 Nov 2024

HKEX To Launch Reliable Benchmarks for Bitcoin and Ether Pricing in the Asian Time Zone

  • 28 Oct 2024

Wall Street Journal Alleges Tether Faces Federal Scrutiny; Tether CEO Dismisses Claims as ‘Old Noise’

  • 25 Oct 2024