Inside Senator Lummis' groundbreaking bill for a U.S. bitcoin reserve
The bitcoin bill seeks to establish a reserve, highlighting the U.S.'s commitment to cryptocurrency leadership.
The bitcoin bill seeks to establish a reserve, highlighting the U.S.'s commitment to cryptocurrency leadership.
Mark Moss explains bitcoin valuation, venture capital comparisons, and future growth predictions.
Bit Digital CEO Sam Tabar discusses the bitcoin mining industry's shift to diversify by powering AI's need for processing power.
(Bloomberg) -- Crypto lender Genesis Global and related companies completed its bankruptcy restructuring and began distributing about $4 billion in digital assets and cash to creditors. Most Read from BloombergSinger Akon’s Multibillion-Dollar Futuristic City in Africa Gets Final NoticeValencia Follows Barcelona in Crackdown on Short-Term RentalsWhat a Beautiful Bus Stop Can DoA Vast Wetland Park Seeks to Slake a Thirsty MegacityUber and Lyft Strike NYC Deal to Scale Back Driver LockoutsBitcoin
Morgan Stanley's wealth advisors can now actively pitch two spot bitcoin exchange-traded funds (ETFs) to some of their clients.
As crypto remains politicized in the U.S., across the pond, it’s bridging the gap.
The Aussie continues to see a lot of noisy behavior, and as the jobs number came out on Friday, we have seen a lot of questions asked on where the global economy might be going.
Chevron missed expectations in its second quarter, in part due to pressure from lower refining margins. Stewart Glickman, CFRA Research Energy Equity Analyst and Deputy Research Director joined Market Domination to discuss. Chevron (CVX) saw revenue of $51.18 billion for the quarter, higher than expected. But the oil giant's adjusted earnings per share of $2.55 missed expectations of $2.93. Glickman described the print as "disappointing," and downgraded the shares to a Hold from a Buy. Beyond the quarter, Chevron now faces a lengthy delay in its attempted acquisition of Hess (HES). Chevron saying in a securities filing that an arbitration case brought by rival ExxonMobil (XOM) could drag on well into 2025. Glickman noted that prolonged uncertainty was a factor in downgrading the stock, noting he and his team have "thrown in the towel" on the Chevron story. Conversely, ExxonMobil had a stellar quarter with a beat on its top and bottom line. The company's production securing a big boost from its recent acquisition of Pioneer. Glickman raised his price target on ExxonMobil's stock, noting the oil giant has "a much better story to tell." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Kathleen Welch
The next U.S. administration will be "constructive" on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday, underscoring the industry's growing political influence ahead of the November election. The highly volatile crypto sector is seen as a risky fringe industry and has drawn intense scrutiny from the U.S. Securities and Exchange Commission, which has accused it of flouting securities laws. The largest U.S. crypto exchange is fighting the SEC in court after the regulator sued Coinbase last year alleging it failed to register as an exchange.
Cooling inflation boosted bonds and small caps while large caps lagged.