The Solana logo on a phone screen and representation of cryptocurrencies are seen in this photo taken in Krakow, Poland, Aug. 21, 2021. Jakub Porzycki | NurPhoto | Getty Images Solana’s SOL token rocketed after a memecoin linked to President-elect Donald Trump launched on the popular blockchain network. The price of SOL was up by…
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Rio Tinto and Glencore, two of the world’s biggest miners, have held discussions about combining their businesses, according to my colleagues’ scoop. Source link
Bloomberg’s Evening Briefing Asia will resume publication on Dec. 27. The story that has dominated Asian financial and economic news in 2024 remains the hot topic for market watchers as we head into the new year. China’s finance ministry reaffirmed it will increase public spending with a greater focus on boosting consumption to support the…
MicroStrategy Inc., the dot-com-era software maker whose metamorphosis into a leveraged bet on Bitcoin has transfixed Wall Street, is joining the Nasdaq 100 Index, the benchmark’s overseer said Friday. Software company Palantir Technologies Inc. and Axon Enterprise Inc., a maker of Tasers and police body cameras, will also be added. Illumina Inc., Super Micro Computer…
MicroStrategy, the preferred high beta play on the price of bitcoin, will join the Nasdaq 100 index, a move that could further increase demand for the controversial stock that has been on a torrid run this year alongside the price of the cryptocurrency. The Nasdaq 100 comprises 100 of the largest nonfinancial companies in the…
Olga Kharif sizes up some new competition for crypto-native companies in the next presidential administration. Crypto-native firms are expected to flourish as a result of a more favorable regulatory regime under President-elect Donald Trump. This lighter regulation, however, may end up being a dual-edged sword. Source link
Illustration: NurPhoto (Getty Images) Bitcoin has crossed the historic $100,000 mark and is now hovering near $99,000. This surge in the leading cryptocurrency has injected renewed optimism across the crypto market, signaling broader acceptance and growth in the sector. Let’s dive into other cryptocurrencies worth watching this week. Illustration: NurPhoto (Getty Images) Ether (ETH), the…
U.S. President-elect Donald Trump attends a meeting with Britain’s Prince William (not pictured) at the residence of the British ambassador to France, on the day of the reopening ceremonies of the Notre-Dame de Paris Cathedral following the 2019 fire, in Paris, France, December 7, 2024. Aaron Chown | Via Reuters In an exclusive interview with…
On Thursday evening, President-elect Donald Trump once again took to Truth Social to announce a hire for his incoming administration: David O. Sacks, he wrote, would fill the newly created role of “White House A.I. & Crypto Czar,” and work to make the U.S. “the clear global leader in both areas.” Trump also promised that…
Crypto stocks enjoyed a short-lived rally before reversing direction Thursday on the heels of a push from bitcoin (BTC-USD) to a record high above $100,000. That record was fueled by news from President-elect Donald Trump that he would nominate crypto-friendly Paul Atkins to lead the US Securities and Exchange Commission (SEC). Bitcoin traded as high…