Browsing: Business

Bitcoin experienced a sharp decline of up to 6.5% on Monday, reflecting continued volatility following an executive order from U.S. President Donald Trump to establish a U.S. strategic bitcoin reserve. The cryptocurrency briefly fell to approximately $80,650 before recovering some

President Donald Trump’s announcement of a U.S. strategic crypto reserve has sparked backlash among key figures in the tech and cryptocurrency sectors, exposing an early rift within the coalition that helped fund his 2024 campaign. The reserve, which Trump stated

The United Kingdom has handed down its first criminal sentence for unregistered cryptocurrency activity, as Olumide Osunkoya received a four-year prison term for operating an illegal network of crypto ATMs, the Financial Conduct Authority (FCA) announced. Osunkoya was convicted at

Rich Dad Poor Dad author Robert Kiyosaki has once again shared his views on Bitcoin and the global financial landscape, emphasizing his preference for alternative assets amid economic uncertainty. In a series of posts on X, Kiyosaki reiterated his belief that Bitcoin’s recent price decline presents

Franklin Templeton has filed for an exchange-traded fund (ETF) that will track the spot price of Solana, marking a significant move by asset managers to expand beyond Bitcoin in the cryptocurrency market. The filing, submitted on Friday, underscores the growing

A newly launched investment vehicle, the KvarnPortugal Fund, offers investors an opportunity to gain exposure to the cryptocurrency market while potentially securing Portuguese residency or citizenship. The fund is a collaboration between Fundbox, a Portuguese fund management company, and Kvarn

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In a pivotal decision, the U.S. Securities and Exchange Commission (SEC) has rescinded Staff Accounting Bulletin (SAB) No. 121, eliminating a significant barrier for banks seeking to offer custody services for Bitcoin and other cryptocurrencies.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