Financial Insights That Matter
STORY: From an attack in France.
To a Bitcoin bounce back.
:: Crypto Weekly
This is Crypto Weekly.
:: Gangs target crypto wealth
:: Warning: Graphic content
French prosecutors are investigating after a masked gang tried to kidnap the daughter of a crypto businessman in Paris on Tuesday.
Eyewitness footage captured the attack which was widely shared on social media.
The attackers eventually gave up and drove off.
The kidnapping target was identified by local media as the daughter of the CEO of a platform for buying cryptocurrencies, who was with her partner at the time.
Reuters was unable to independently verify the victims’ identity.
It’s at least the third violent attack targeting wealthy crypto players and their families in recent months.
:: Coinbase jumps
Coinbase Global’s shares jumped nearly 15% on Tuesday.
That’s after the cryptocurrency exchange became the first digital asset player to be included in the benchmark S&P 500 index.
It will replace credit card issuer Discover Financial, which is being acquired by Capital One.
It marks a major milestone for a sector that was once restricted to the fringes of the financial world.
:: American Bitcoin
American Bitcoin, a new bitcoin miner backed by Donald Trump’s two eldest sons, is to list on the Nasdaq.
It will be via an all-stock merger with Gryphon Digital Mining.
Shareholders of American Bitcoin include co-founder Eric Trump, his brother Donald Trump Jr. and crypto miner Hut 8.
The move is the latest in a series of crypto ventures by the Trump family.
:: Bitcoin’s bounce back
Bitcoin soared as market sentiment improved and global trade tensions eased.
At the end of last week the crypto currency rose to the highest since January at over $103,000 and closing the distance with its all-time high of $109,000.
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