Financial Insights That Matter There cannot be many international crime leaders inspired by “The Princess Bride”, a cult children’s fantasy movie released in 1987. Ross Ulbricht, the founder of the Silk Road, the very first dark-web drug-trading network, certainly was. When users signed up for the website, which went live in 2011, they were greeted […]
Financial Insights That Matter By Tom Westbrook, Elizabeth Howcroft and Chibuike Oguh NEW YORK/SINGAPORE/PARIS (Reuters) -Bitcoin, the world’s largest cryptocurrency, approached the previous session’s record high on Tuesday in choppy trading as the top U.S. markets regulator unveiled a plan to overhaul rules for the sector. Bitcoin hit a record high $109,071 on Monday when […]
Financial Insights That Matter Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets. Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On Tuesday, the acting head of the Securities and Exchange […]
Financial Insights That Matter The recent development surrounding Ross Ulbricht has sent shockwaves through the cryptocurrency community. After years of legal battles, a court has officially overturned his conviction, an event that has rekindled discussions on his infamous online marketplace, Silk Road. Ulbricht, once the mastermind behind Silk Road, was sentenced to life in prison […]
Financial Insights That Matter Blackrock CEO Larry Fink thinks bitcoin, which is currently priced at around $104,200, could go as high as $700,000. But that’s only if people get really nervous about the stability of their own currencies around the world. And while it’s anyone’s guess whether Fink’s logic is sound and people would indeed […]
Financial Insights That Matter Ethereum used to be seen as the most likely challenger to Bitcoin’s status as the preeminent cryptocurrency, and the one best positioned to make the blockchain a more useful technology. But as Bitcoin and many other cryptocurrencies have been soaring in recent months — thanks to President Donald Trump’s embrace — […]
Financial Insights That Matter MicroStrategy Incorporated MSTR shares closed down Wednesday, due to a decline in Bitcoin‘s BTC/USD price, which dropped 1.73% to $104,313.65. What To Know: Bitcoin transaction volume over $100,000 decreased by 15%, while netflows dropped 307%, signaling a possible cooling of market activity. Over $161 million in liquidations occurred in the past […]
Financial Insights That Matter Wallets belonging to Ross Ulbrichtthe imprisoned creator of the illegal drug marketplace Silk Road, were discovered on Wednesday, containing as many as 430 Bitcoin BTC/USD unmoved for over 13 years. What Happened: In an X post, Conor Grogana director at Coinbasesaid that he had found nearly 430 BTC across multiple wallets […]
Financial Insights That Matter A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York CNN — President Donald Trump’s meme coin may be a textbook cash grab — not unlike his $60 made-in-China Bibles and his $400 gold sneakers — but […]
Financial Insights That Matter You may have heard of Ross Ulbricht and how President Donald Trump just pardoned him. But who is he, and what’s it got to do with Bitcoin? For years, the crypto community had been calling for Ulbricht to be freed after a judge in 2015 sentenced him to life in prison. […]