The buzz around the Bitcoin 4-year cycle has grown louder in recent years, becoming a widely-discussed topic among crypto enthusiasts and market analysts. The cycle, marked by significant events and t...
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Dow Jones Futures Rise: Market Rally Weak Outside Google; Tesla Pops On Elon Musk’s Twitter News
Dow Jones futures tilted higher after hours, along with S&P 500 futures and Nasdaq futures. X The stock market rally technically closed mixed Thursday. The Nasdaq nudged higher, setting fresh 2023...
MakerDAO’s [MKR] progress stuck in the mud months after Lido’s [LDO] rise
As demand for DAI falls, Maker’s TVL has seen no significant growth since March. MKR has seen increased distribution than accumulation in the last month. Following its replacement by Lido Finance [LDO...
Tesla Stock Jumps. Why Investors Are Celebrating a New Twitter CEO.
Musk has been running both Twitter and Tesla since last year. Marlena Sloss/Bloomberg Text size Elon Musk said that he has found a CEO for Twitter but didn’t say who it was. Tesla investors are happy...
OFAC To Allegedly Place Milady Wallet Owners On Blacklist
The frenzy around meme-based cryptocurrencies continues, with a new player stealing the headlines from PEPE coin. Milady is the latest entrant in this space, and its self-organized meme coin, LADYS, i...
Carl Icahn’s Firm OKs Buybacks, Increases Shares Backing His Debt
(Bloomberg) — Carl Icahn’s holding company authorized a buyback equaling almost 27% of its shares trading on the open market, potentially boosting the stock price as the financier feuds with a s...
‘The SEC’s actions have crippled a nascent industry’ — Paradigm requests amicus brief for Coinbase
Paradigm, the crypto investment firm led by Coinbase co-founder Fred Ehrsam, has petitioned to file an amicus brief in support of Coinbase’s case against the United States Securities and Exchange Comm...
Brazil’s Petrobras to pay $5 billion in dividends, but hints at changes
SAO PAULO (Reuters) -Brazil’s state-run oil company Petrobras said on Thursday its board approved dividends later this year of about 24.7 billion reais ($4.94 billion), but also hinted at future...
Trump Says Republicans Should Let the U.S. Default. What Would Happen Next.
Text size U.S. lawmakers are up against a June 1 deadline for the debt ceiling. Win McNamee/Getty Images Negotiations around the U.S. debt ceiling continue to drag on ahead of a looming deadline, as p...
CCI Files an Amicus Brief on SEC Seeking Response to Coinbase’s Petition
2 hours ago | 2 mins read Market News An Amicus Brief is filed by CCI over the Securities and Exchange Commission. Sooner if clarity is not provided, the chances of moving to the EU or the UK are high...
Bitcoin Miner Marathon First-Quarter Earnings Beat Estimates
1 Bitcoin Miner Marathon First quarter defeats the estimation. 2 SEC Extends Probe resulted in more alertness, increasing the quarterly earnings more than analysis. Bitcoin Miner Marathon Digital Hold...
MakerDAO plots AI governance “endgame”
MakerDAO announced on May 11 a governance model that will make use of artificial intelligence (AI) and feature crypto tokens with a new brand. Founder aims for “governance equilibrium” Acc...
George Santos Settles Brazilian Check Fraud Case—As U.S. Fraud Charges Loom
Topline Rep. George Santos (R-N.Y.) signed an agreement with Brazilian authorities Thursday that will clear him of prosecution for using forged checks in 2008, just one day after the embattled first-t...
US Chamber of Commerce Slams SEC, Backs Coinbase in Legal Fight
The U.S. Chamber of Commerce called out the Securities and Exchange Commission (SEC) on Thursday, slamming the financial watchdog for its regulatory approach toward the digital asset industry. It file...
Tesla Stock Rises After Elon Musk Says He’s Found A Twitter CEO
Tesla (TSLA) stock popped Thursday after CEO Elon Musk announced there will be a new person heading up Twitter in the coming months. X Musk wrote on Twitter Thursday afternoon that he has hired a new ...
Worse Days Are Ahead For Banks, JPMorgan CEO Says
The CEO of JPMorgan Chase warns of a risk of over-regulating the banks. Many people in crypto feel the same. On Thursday, the longstanding CEO of JPMorgan Chase said, “it’s going to get worse for bank...
Downtown San Francisco Spirals Towards Retail Doom Loop
Retailers are leaving the once mighty Union Square as San Francisco struggles with empty offices, … [+] crime and homelessness. (Photo by Justin Sullivan/Getty Images) Getty Images There will be...
Elon Musk Stepping Down as Twitter CEO, Will This Be The End of Dogecoin?
Elon Musk, the owner of Twitter and a big supporter of Dogecoin, the original meme coin, is stepping down as the CEO of the social media platform to focus on product development. He will act as the ch...
Elon Musk Dismisses Warren Buffett’s ‘Kindly Grandfather’ Image As Overrated
Tesla Inc. CEO Elon Musk has never been one to hold back his opinions, even when it comes to legendary investor and Berkshire Hathaway Inc. founder Warren Buffett. Don’t Miss: Why Jason Calacani...
‘We screwed up’ — Coinbase CLO responds to outrage after exchange associated Pepe with hate groups
Coinbase chief legal officer Paul Grewal has issued an apology after the crypto exchange sent out an email labeling the Pepe the Frog meme as a “hate symbol” — a move that prompted many users to call ...
NBCUniversal’s Linda Yaccarino In Talks To Take Over For Elon Musk, Report Says
Topline NBCUniversal advertising chief Linda Yaccarino is holding discussions with Twitter to take over billionaire owner Elon Musk’s role as CEO, according to the Wall Street Journal, after Musk twee...
Will Nvidia Beat Q1 Expectations? Analyst Says Likely, Backed By AI and Gaming GPU Ramp Up
Rosenblatt analyst Hans Mosesmann reiterates Nvidia Corp (NASDAQ: NVDA) with a Buy and a $320 price target. The analyst expects Nvidia to meet or slightly beat April quarter and July quarter outlook e...
BlockFi Can Return Nearly $300M to Some Wallet Customers, Judge Rules
BlockFi customers who held crypto in interest-bearing accounts don’t have a right to nearly $375 million in crypto after the bankrupt lender froze assets last year, a judge ruled. However, custo...
BUD Stock Falls for Fifth Day as Transgender Controversy Takes Toll
Text size Shares of beer maker Anheuser-Busch InBev stock are down again as a conservative boycott continues to loom over the company. Drew Angerer/Getty Images As the culture wars rage on, the number...
Gradient Adds Creative Technologist Wei Wu to Its Team of Innovators Redefining Marketing
Gradient is revolutionizing brand encounters with visionaries and boundary-pushers who don’t fit into a box — they create entirely new shapes. NEW YORK–(BUSINESS WIRE)–#Creativity–Gradient Experientia...
Charlie Munger pockets $70,000 a year from a $1,000 investment he made in 1962
Charlie Munger (right) and Warren Buffett.SCOTT MORGAN/REUTERS Charlie Munger receives $70,000 a year from a $1,000 purchase he made over 60 years ago. Warren Buffett’s right-hand man has likely...
Your Crypto Mining Chips Are No Good for AI—Here’s Why
The lucrative world of proof-of-work altcoin mining was a spectacle to behold, rewarding miners with staggering profits… until Ethereum took a detour towards proof of stake. But an emerging indu...
JPMorgan CEO Dimon says bank is convening a ‘war room’ on debt ceiling
NEW YORK (Reuters) -JPMorgan Chase & CO CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to discuss the implications of a potential U.S. default, according to an interview on...
Revolut Faces Staff Turnover While Awaiting Banking License
As it pursues a quest to obtain a banking license in its home country, London-based fintech firm Revolut has bid farewell to a prominent member of its team. On the heels of a high-profile departure in...
Bank-Stock Buying Spree Continues as Insiders Make Purchases
The malaise in bank stocks continues, and it isn’t restricted to smaller lenders. Insiders at banks of all sizes are taking advantage, continuing a buying spree that began as shares tanked following t...
New York to Embrace Stablecoins as Payment Method for Bail Bonds
The authorities of New York state proposed certain amendments to the law that could allow residents to settle bail bonds in stablecoins instead of fiat currency. The bill could become official six mon...
Ford Introduces New Gas-Powered Truck Aimed at Global Dominance
Text size Ford unveiled its new truck for U.S. markets Wednesday Courtesy Ford The all-new Ranger pickup shows that Ford ‘s truck leadership extends beyond the U.S. It also shows that gasoline-powered...