[ad_1] President Donald Trump’s media company said Tuesday that institutional investors will buy $2.5 billion in the company’s stock with the proceeds going to build up a bitcoin reserve. About 50 institutional investors will put up $1.5 billion in the private placement for common shares in the company and another $1 billion for convertible senior…
[ad_1] You might think that India’s younger generation is rewriting its own rules in a time of stock market apps, cryptocurrency and FIRE goals. But, if you look closely, you’ll realise that the old cultural norms continue to underscore their investment and spending choices. Expectations of deep-rooted customs, such as investing in gold and spending…
[ad_1] 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…
[ad_1] I have been residing in the UAE for the past 25 years and carry on my business here. On the occasion of my 50th birthday, a couple of my Indian cousins have gifted me USTD into my private wallet here from theirs in India, after I shared my private key with them. Do I…
[ad_1] Meta Platforms Inc.’s Chief Executive Officer (CEO), Mark Zuckerberg, is allegedly planning to add crypto support for the company’s three billion users, reported the news portal Forbes, citing some industry leaks on Sunday, May 11, 2025. This development of the leak and Zuckerberg‘s alleged plan will likely pump up the cryptocurrency market, as a…
[ad_1] (Bloomberg) — Alex Mashinsky, the founder of cryptocurrency lender Celsius Network, was ordered to spend 12 years in prison for defrauding hundreds of thousands of customers lured by his firmâs high interest rates on digital-asset deposits. Mashinsky, who pleaded guilty in December, was sentenced Thursday by US District Judge John Koeltl in Manhattan. Federal…
[ad_1] Most investors, around 7.64 lakh, who bought United States President Donald Trump’s meme token $TRUMP have lost their money, latest analysis shows. A small number of 58 wallets made profits exceeding $1 billion collectively, while creators of the memecoin have raked in some $324 million in trading fees. The coin, launched in January just…
[ad_1] NEW YORK (AP) â The founder and former CEO of the failed cryptocurrency lending platform Celsius Network should face 20 years behind bars for lying and self-dealing that cost customers billions of dollars in losses, prosecutors told a judge Tuesday. Alexander Mashinsky, 59, told thousands of customers that their money was safe and secure,…
[ad_1] Tether Holdings SA CEO Paolo Adroino who was the United States on a âgoodwill tourâ attending US President Donald Trump’s digital asset summit last week, has claimed the US Dollar-linked stable coin is now valued at $137 billion, according to a Bloomberg report. Tether also claims the title of âmost-traded cryptoâ and in 2024…
[ad_1] 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…
