Asset management giant BlackRock’s recent application to launch a Bitcoin exchange-traded fund (ETF) has stirred a debate within the crypto community, with mixed reactions and concerns about the involvement of traditional financial giants in the industry. The world’s largest asset manager’s move to enter the crypto space is seen by many as a significant validation for the…
A Brooklyn-based bathhouse and spa has sparked debate after it revealed it was operating a small-scale Bitcoin (BTC) mining operation that heats its swimming pools. In a Wednesday Instagram post, Bathhouse revealed that its pools are heated with byproduct energy from Bitcoin mining. The bathhouse uses the heat generated from Bitcoin mining rigs, hardware systems that execute the Bitcoin network’s…
Now-defunct cryptocurrency exchange FTX has sued a former aide of Hilary Clinton and the former aide’s investment firm, K5 Global, to retrieve $700 million in funds. On Thursday, the company filed a complaint in Wilmington, Delaware, bankruptcy court, asking back the $700 million its founder Sam Bankman-Fried transferred to K5 entities in 2022. The lawsuit names K5 Global, Mount Olympus Capital, and…
The finance expert shared the warning on The Martin Lewis Money Show The button issue arises when travellers take out cash or pay with plastic READ MORE: The world’s 50 best restaurants for 2023: Eatery in Peru is No.1 Money expert Martin Lewis has warned Britons that there’s one button they should never press while holidaying overseas. When travellers…
Venezuela’s ban on cryptocurrency mining has severely damaged the industry that President Nicolás Maduro once supported. Back in March, the state regulators ordered a halt on mining cryptocurrencies after an investigation into a corruption scheme in which crypto wallets redirected payments owed to the state-run oil company Petróleos de Venezuela. So far, around 80 people have been arrested in…
Most investors are enjoying the recent bounce in equity prices, but for some shareholders the bounce has been more of a catapult. Shares of Celsius (NASDAQ: CELH), Nu (NYSE: NU), and Wayfair (NYSE: W) have soared more than 50% just in the second quarter. The three stocks have risen 51%, 62%, and 61%, respectively, since the end of March. The gains are substantial, but…
Warren Buffett says a “too-high purchase price” can undo a decade’s worth of stock market returns. It’s not enough to buy a good company, you need a good entry point too. One way to do this is to look at stocks near their 52-week lows. A company at its cheapest price in a year could end…
A French real estate firm has signed a partnership deal with domestic crypto pay provider, an indication that the European nation may be the next to embrace crypto-powered commerce. Per Boursier, Apsys will allow customers to pay using crypto at all of its shopping malls. The firm operates the malls L’Heure Tranquille in Tours, Les Rives de l’Orne in Caen,…
Crypto exchange Gemini has announced plans to expand into the Asia-Pacific (APAC) region to capture the “next wave of growth for crypto.” The US-based crypto exchange aims to increase its headcount in Singapore and establish an engineering division in India, the platform said in a Monday blog post. “We are excited to announce our expansion plans in APAC as Gemini’s leadership team recently…
The competition to launch a spot Bitcoin exchange-traded fund (ETF) in the US has intensified, with Invesco and WisdomTree filing submissions with the Securities and Exchange Commission for their own Bitcoin ETFs. On Tuesday, WisdomTree filed for the WisdomTree Bitcoin Trust, requesting the SEC to allow it to list its fund on the Cboe BZX Exchange under the ticker “BTCW.” The asset management firm, with…
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