(Bloomberg) — Wall Street keeps inventing new ways to ride the digital-currency boom â from amped-up ETFs and tokenized funds to structured products â and crypto competitors keep circling. But the trade still delivering the biggest rewards belongs to Michael Saylor. His firm, now branded as Strategy, formerly known as MicroStrategy Inc., pioneered the original…
Top holders of Donald Trumpâs memecoin and other guests were greeted by protesters as they arrived for a dinner with the president at his golf club outside of Washington on Thursday, a day which saw Bitcoin extend its record high amid optimism about US government support for the crypto industry. Chinese crypto entrepreneur Justin Sun,…
(Bloomberg) — Michael Saylorâs Strategy plans to sell up to $2.1 billion of 10% perpetual strife preferred stock. The latest offering hit as Bitcoin rose to an all-time high. Sales of the preferred shares will be made as an âat the market offering,â meaning the securities will be sold from time to time, according to…
By Samuel Indyk, Alun John, Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month’s tariff-induced selloff. The world’s largest cryptocurrency touched a high of $109,760.08, and was last up 1.1% at $108,117. Its ascent…
Bestselling personal finance book, Rich Dad Poor Dad author Robert Kiyosaki on Monday issued a warning about an imminent global financial crisis, sounding an alarm on how the economy functions. In a post on X, Kiyosaki gave the example of the collapse of hedge fund LTCM and how the Wall Street bailed it out in…
Bitwiseâs most recent survey found 22% of advisors said they were allocating to crypto, up from 11% a year earlier. Across the world of wealth management, crypto is starting to become a bigger part of the conversation, even if it isnât widely adopted amid concerns about transparency, volatility, and valuation methods. In some ways, itâs…
Whatâs in a symbol? A lot, if one goes by last weekâs political storm over Tamil Naduâs substitution of Indiaâs rupee sign â âšâ with a similar sounding letter in the Tamil script for the logo of its state budget. Union finance minister Nirmala Sitharaman called it an example of âlanguage and regional chauvinism” that…
Ah, the sweet irony of great expectations. A digital currency born out of rebellionâcreated by an anonymous entity right after the 2008 financial crisis that America gifted the worldâis now being paraded around by the very institutions it was designed to overthrow. Bitcoin was meant to challenge financial systems under sovereign control. By offering an…
Cryptocurrencies slid as fears over a selloff in US equities eclipsed President Donald Trumpâs recent efforts to buttress the industry. Bitcoin fell more than 3% on Tuesday morning in Asia while second-ranked token Ether dropped as much as 6% to $1,756, an intra-day low not seen since October 2023, according to data compiled by Bloomberg….
If any other owner of a cryptocurrency platform had announced a national reserve of cryptocurrencies, howls of protest over conflict of interest would have rent the air. When President Donald Trump declared that the US would create a Bitcoin reserve and a separate crypto stockpile, his fan base took it as a move to fulfil…
