Browsing: Business

Hedge fund Elliott Management has issued a stark warning about the cryptocurrency market, describing it as a speculative bubble that is on the verge of an “inevitable collapse.” In an investor letter first reported by the leading media houses, the

In a pivotal decision, the U.S. Securities and Exchange Commission (SEC) has rescinded Staff Accounting Bulletin (SAB) No. 121, eliminating a significant barrier for banks seeking to offer custody services for Bitcoin and other cryptocurrencies. The decision, announced Thursday, reflects

Global investment management firm Calamos has launched a groundbreaking Bitcoin-focused exchange-traded fund (ETF) that offers 100% downside protection against the cryptocurrency’s notorious price volatility. The ETF, which began trading on Wednesday, combines U.S. Treasury bonds and Bitcoin-linked options to provide

South Korean cryptocurrency entrepreneur Do Kwon has been extradited to the United States to face charges related to the collapse of Terraform Labs, which resulted in estimated investor losses of $40 billion. Kwon, the co-founder of Terraform Labs, appeared in

Gold prices reached unprecedented heights this week, hitting a record of $2,500.99 per ounce amid weakening U.S. dollar and heightened anticipation of a Federal Reserve rate cut. The spot gold price later edged up to $2,498.72 by late Friday afternoon,

Wall Street experienced its strongest performance since 2022, with the S&P 500 surging 2.3% following optimistic unemployment figures, signaling a potential easing of economic concerns. This marked a significant rebound, erasing nearly all losses from a tumultuous beginning to the

Standard Chartered Plc is poised to introduce a trading desk for Bitcoin and Ether, marking its entry into the direct trading of cryptocurrencies, according to sources familiar with the plans. This strategic move positions Standard Chartered among the pioneering major

The European Central Bank (ECB) has announced its first interest rate cut since 2019, reducing the key rate from 4% to 3.75%. The decision, which had been signaled for months, comes amid persistent inflationary pressures within the euro zone’s 20

U.S. President Joe Biden is poised to unveil new tariffs targeting key sectors, including electric vehicles (EVs), medical supplies, and solar equipment, in a move expected as soon as Tuesday, according to sources familiar with the matter. The anticipated announcement

Apple is making significant strides in expanding its presence in India, with a focus on both manufacturing and sales operations. The tech giant’s foray into the Indian market includes the opening of its inaugural physical stores last year, marking a