Cash News 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 — The crypto industry, an institution founded on the principle of getting the government’s greedy hands off the people’s currency, is booming. The reason? They may have finally […]
Cash News VanEck, an investment firm that manages over $100 billion in assets, is adding Sui — a layer one blockchain designed by former Meta engineers— to its growing basket of crypto products. Sui, launched in May 2023, is a blockchain that makes it easier for developers to deploy smart contracts and touts its ability […]
Cash News Crypto boosters have long hailed Bitcoin and other digital tokens as a financial lifeline for the unbanked in America and the rest the world. That potential is reflected in crypto’s current $3 trillion in market value. But according to the associate director of the Federal Deposit Insurance Corporation’s division of depositor and consumer […]
Cash News Crypto billionaires are seeing their fortunes soar on the back bitcoin passing $90,000 this week. 6×9-crypto-Illustration by Stephanie Jones for Forbes-Photos, from left_ Jamel Toppin for Forbes; Michale Prince for Forbes; Antonio Masiello_Getty Images.jpg After a record surge brought the price of bitcoin above $90,000 for the first time and pushed the total […]
Cash News Amid the latest bitcoin rally, crypto investors face a looming deadline that could impact future taxes — and they must take action before Jan. 1, 2025. The U.S. Department of the Treasury and IRS in July unveiled final tax reporting rules for digital asset brokers, with phased-in guidelines. Starting in 2026, brokers will use Form […]
Cash News Max, the founder and Chief Executive Officer (CEO) of Because BTC, a crypto-focused company, has just disclosed that he has sold off his Dogecoin (DOGE) holdings to buy Pepe tokens. This surprising news comes amid a significant decline in the Dogecoin pricewhich has fallen 9.8% from its previous high. Crypto Founder Dumps DOGE […]
Cash News Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric … [+] car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. – Tesla builds a compound at the site in Gruenheide in Brandenburg for its first European “Gigafactory” near Berlin. (Photo by Odd […]
Cash News The Banking, Housing, and Urban Affairs Committee has been under the chairmanship of Sherrod Brown, the Ohio Democrat that the cryptocurrency industry spent tens of millions of dollars on defeating in this month’s elections. In his tenure, Brown allowed no significant legislative debate on digital assets legislation, though even as he ran the […]
Cash News Bitcoin rose above $91,000 for the first time on Wednesday, adding to its postelection rally, as traders pored through October inflation data Wednesday. The price of the flagship cryptocurrency was last higher by more than 2% at $91,705. At one point it briefly rose to a fresh record of $92,066.16. Traders were digesting the […]
Cash News Crypto investors have seen their holdings soar this week as a result of post-election euphoria that has Bitcoin fast approaching $100,000. Now, for those looking to spread their newfound wealth around, Robinhood has partnered with Daffy to allow users to donate almost any financial asset to over 1.5 million charities, making it easier […]