[ad_1] Cathie Wood still expects the price of bitcoin to hit $1 million someday. The founder of ARK Investment Management built the firm into an investor darling during the Covid-19…
Tag: currency markets
Sam Bankman-Fried Verdict Reflects Crypto’s Broken Dreams
[ad_1] Sam Bankman-Fried is gone. And crypto is back to its favorite activity: a wild speculative rally. The FTX founder’s trial featured a parade of witnesses detailing a multibillion-dollar fraud…
In Texas, Bitcoin Springs from Gas Wells
[ad_1] When gas prices go down, producers can use it to mine crypto coins. [ad_2] Source link
What’s Behind the Latest Surge in Bitcoin? Little Consensus and Lots of Noise
[ad_1] Hopes for approval of a spot bitcoin ETF appear to be among the drivers of the crypto rally [ad_2] Source link
Mercedes-Benz 3Q Net Profit, Revenue Drop on Lower Demand, Currency Effects
[ad_1] Mercedes-Benz reported lower third-quarter net profit and revenue after demand softened and foreign-exchange rates hurt its bottom line. The German luxury-car maker said Thursday its net profit in the…
Jury Convicts Hedge-Fund Manager Accused of Rigging Foreign-Exchange Market
[ad_1] A London hedge-fund manager accused of manipulating the foreign-exchange market was convicted Wednesday of fraud in a trial that opened a window into a complex corner of the global…
Fed Rate Moves Squeeze a Key U.S. Ally
[ad_1] Oct. 23, 2023 12:02 am ET South Korea’s alliance with the U.S. has strengthened during the Biden presidency. But the country’s economy has fallen victim to the rapid rise…
Trader’s Case Tests DOJ’s Policing of Global Currency Market
[ad_1] A London hedge fund’s big bet on the outcome of a South African party’s leadership vote earned it more than $20 million. Six years later, the trader who placed…
Why the U.S. Government Has $5 Billion in Bitcoin
[ad_1] The U.S. government is one of the world’s biggest holders of bitcoin, but unlike other crypto whales, it doesn’t care if the digital currency goes up or down in…