Tuesday, February 4

Tag: COIN

How the Fintech Rally Could Fizzle in 2024
18Dec By adminNo Comments
Money

How the Fintech Rally Could Fizzle in 2024

Financial-technology companies have rallied in 2023 even as rates rose. Some could now face risks from falling rates, as well as stepped-up competition.Higher rates did hit “fintech” stocks in many ways. Not only do growth stocks in general often trade at lower multiples during periods of rising rates, but fintechs in particular had benefited from near-zero rates for funding loans and encouraging risk-taking by trading customers.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A Spot Bitcoin ETF Is Easy. What Comes Next Could Get Dangerous.
11Dec By adminNo Comments
Money

A Spot Bitcoin ETF Is Easy. What Comes Next Could Get Dangerous.

Giving fund managers easier access to bitcoin is already a contentious topic for regulators. It is nothing next to the Pandora’s box that could be opened with its crypto peer ether.The price of bitcoin has surged roughly 14% this past month to around $42,000. Investors believe U.S. regulators will soon green light exchange-traded funds, or ETFs, that hold spot bitcoins, bringing billions of dollars into the market.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks Rise for Fourth Consecutive Week
24Nov By adminNo Comments
Money

Stocks Rise for Fourth Consecutive Week

Stocks solidified a fourth consecutive week of gains, after bouncing between small gains and losses Friday.The S&P 500 rose 0.1%, while the tech-heavy Nasdaq Composite fell 0.1%. The blue-chip Dow Jones Industrial Average gained 0.3%, or 117 points. Friday’s trading session was shorter than usual due to the Thanksgiving holiday, with relatively light trading volume.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks Rise for Fourth Consecutive Week
24Nov By adminNo Comments
World

Stocks Rise for Fourth Consecutive Week

Stocks solidified a fourth consecutive week of gains, after bouncing between small gains and losses Friday.The S&P 500 rose 0.1%, while the tech-heavy Nasdaq Composite fell 0.1%. The blue-chip Dow Jones Industrial Average gained 0.3%, or 117 points. Friday’s trading session was shorter than usual due to the Thanksgiving holiday, with relatively light trading volume.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Cathie Wood Urges Investors to Heed the Risks of a Deflationary World
15Nov By adminNo Comments
Money

Cathie Wood Urges Investors to Heed the Risks of a Deflationary World

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 pandemic with successful bets on largely unprofitable, “disruptive” technology companies. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why Hamas Uses Crypto to Raise Money
21Oct By adminNo Comments
Money

Why Hamas Uses Crypto to Raise Money

Oct. 20, 2023 12:00 pm ETWASHINGTON—The role of cryptocurrencies in illicit finance has come under renewed scrutiny after The Wall Street Journal’s report that Hamas and other militant groups used the technology to raise millions of dollars ahead of their recent attacks in Israel.Some lawmakers responded by calling for tougher rules to curb crypto’s utility for criminals and groups under U.S. sanctions. Crypto firms say they work to keep such users off their platforms and argue that digital tokens can help law enforcement track bad actors.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency
19Oct By adminNo Comments
World

SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency

Updated Oct. 19, 2023 7:11 pm ETWASHINGTON—The Securities and Exchange Commission on Thursday said it would drop its lawsuit against two cryptocurrency executives who oversaw $1.5 billion in sales of a digital coin known as XRP, in a move that boosts the industry’s battle against traditional regulation.The dismissal of civil claims against Brad Garlinghouse and Chris Larsen, who were sued for assisting Ripple Labs’s sales, will likely encourage wealthy crypto defendants to fight regulators in court. At the same time, the SEC’s withdrawal from the case preserves its resources for bigger lawsuits it has filed against crypto giants Coinbase and Binance.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency
19Oct By adminNo Comments
Money

SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency

Updated Oct. 19, 2023 5:18 pm ETWASHINGTON—The Securities and Exchange Commission on Thursday said it would drop its lawsuit against two cryptocurrency executives who oversaw $1.5 billion in sales of a digital coin known as XRP, in a move that boosts the industry’s battle against traditional regulation.The dismissal of civil claims against Brad Garlinghouse and Chris Larsen, who were sued for assisting Ripple Labs’s sales, will likely encourage wealthy crypto defendants to fight regulators in court. At the same time, the SEC’s withdrawal from the case preserves its resources for bigger lawsuits it has filed against crypto giants Coinbase and Binance.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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