Already on a tear ahead of the war in Iran, Circle (CRCL) may be an unlikely beneficiary of the conflict. The stock rose 10% on Monday, outperforming other crypto-linked stocks, with shares now up 86% over the past month, though they remain markedly lower since their peak post-IPO frenzy last summer. Japanese bank Mizuho said […]
Circle ( CRCL ) shares continued their rally on Monday Read More »
A wild 24 hours continued in all markets after President Trump said the war against Iran could soon be over. The action against Iran is “very far ahead” of what was expected to be a four-to-five-week timeframe, Trump said in late afternoon comments. He is expected to provide updates on the situation at 5:30 PM
BTC Aims For $70,000 After Trump Says US Ahead Of Schedule In Iran Strike Read More »
South Korean cryptocurrency exchange Bithumb has received a preliminary notice of sanctions that could lead to a six-month partial suspension of the company, local media reports. The announcement came from the Financial Services Commission’s Financial Intelligence Unit (FIU), which oversees anti-money laundering compliance for crypto firms under the Reporting and Use of Specified Financial Transaction
Bithumb faces proposed 6-month partial ban over South Korea’s AML breach Read More »
Fuel prices may rise and remain high for months. This can make groceries and other shipped goods more expensive. And consumers and businesses, plagued by rising costs, could choose to spend less, limiting economic growth. In the eyes of economists, it is the increasingly real and dire picture of the US-led war with Iran, now
As oil prices rise, Trump’s war with Iran becomes a worldwide economic hazard Read More »
Tech investor Imran Khan says cryptocurrency does not play a meaningful role in his AI investment strategy, arguing that the asset class operates on a fundamentally different thesis than the AI-driven productivity boom. Despite the growing narrative that AI and crypto will converge, Khan said he largely views them as separate investment themes. “Crypto is
Aon (AON), which advises on $5 trillion in assets as one of the world’s largest insurance brokers, said it performed a proof-of-concept using stablecoins to settle insurance premium payments, an early sign that dollar-pegged tokens may begin to move deeper into corporate finance. The London-based firm worked with crypto exchange Coinbase (COIN) and blockchain infrastructure
Crypto assets traded higher during the US session on Monday, rebounding from sharp overnight losses that had brought bitcoin BTC$68,153.83 down to almost $65,000. Bitcoin was trading at just $69,000 at midday, up 2.5% over the past 24 hours, while ether (ETH) regained the $2,000 level, up 4% over the same time period. Among crypto-related
BTC rises 5% from worst overnight levels and retraces $69,000 Read More »
Bitcoin BTC$68,961.42 could gain if a potential U.S.-Iran conflict drags on for months as higher government spending, rising debt and lower interest rates create conditions that have historically supported the cryptocurrency, according to macro strategist Mark Connors. Wars are expensive, and financing them typically requires governments to issue more debt, said Connors, former head of
Bitcoin (BTC) could be the big winner if the US-Iran conflict drags on for months Read More »
Zcash Open Development Lab (ZODL), a new development group formed by the former core team of Electric Coin Company (ECC), has raised more than $25 million in seed funding to continue building the privacy-focused cryptocurrency ecosystem. The round drew support from Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Chapter One, Balaji Srinivasan and
Paradigm, a16z, Winklevoss Capital, Balaji Srinivasan among investors in ZODL Read More »
The VIX and bitcoin often move in opposite directions, with sharp spikes in the volatility index often coinciding with bitcoin’s local bottom. The CBOE Volatility Index (VIX), which measures expected volatility in the S&P 500 based on option prices and is widely considered Wall Street’s “fear gauge,” jumped to its highest level in nearly a
BTC may be bottoming out, based on the stock market’s VIX Read More »
