Bitcoin and other cryptocurrencies fell on Friday in what looked like a short-term correction after a red-hot rally in digital assets. Prices could fall further even as traders continue to be bullish on the outlook for cryptos in the months ahead. The price of Bitcoin dropped 6% over the past 24 hours to below $68,000,
Egypt, the Middle Eastern giant with a population of 114 million, is too big to fail, particularly at this moment. The United Arab Emirates, International Monetary Fund, and European Union forcefully underlined this point over the past week, pledging some $40 billion in investments and loans. President Abdel Fattah Al Sisi’s government responded with drama
Coinbase , one of the hottest stocks of the past year, still has room to run, according to some analysts. The trading platform’s shares continue to ride the wave of enthusiasm over financial advisors and institutions’ growing adoption of Bitcoin and other cryptocurrencies. Coinbase Global stock has been one of the top performers of the
The new crop of exchange-traded funds offering direct exposure to Bitcoin may have accumulated billions in new assets in the two months since they hit the market, but experts say that’s not because advisors have suddenly jumped on the crypto bandwagon. Most advisors aren’t permitted to talk to clients about the so-called spot Bitcoin funds,
Life-saving food aid in Chad for hundreds of thousands of refugees from war-torn Sudan will grind to a halt in April without international funding, a United Nations agency warned Tuesday. The UN World Food Programme (WFP) is appealing for $242 million in donations to continue supporting 1.2 million Sudanese refugees, as the approaching rainy season threatens to
The European Parliament’s legal affairs committee has thrown its weight behind suing the European Commission over a decision to unfreeze 10 billion euros ($11 billion) for Hungary, lawmakers said on Tuesday. European lawmakers have accused the commission of in December caving in to pressure from Hungarian Prime Minister Viktor Orban, who was blocking efforts to support
Many advisors are turning away from mutual funds in favor of exchange-traded funds and separately managed accounts to build client portfolios. But not Jeff Leonard, founder and managing partner of Leonard & Martens, a 25-year-old Anchorage, Alaska, practice under the Raymond James umbrella with $1.2 billion in assets under management. Leonard has tried SMAs and
Spain’s data protection agency said Wednesday it had ordered the temporary suspension of the Worldcoin crypto project that relies on an eye scan to verify a user’s identity, citing concerns about data protection. Worldcoin, set up by OpenAI chief executive Sam Altman, began operating last year and provides users with a private digital identity —
The split is due to take effect April 2. A starting point in solving the valuation problem is to look at how similar companies trade in the marketplace. Today, General Electric trades for about 14.5 times estimated 2024 earnings before interest, taxes, depreciation, and amortization, or Ebitda. That is very similar to nonfinancial and manufacturing
AT&T reaffirmed plans to invest heavily into expanding its fiber networks in an update to shareholders on Monday. “The company remains focused on building vital, high-performance network infrastructure for both mobile and fiber networks,” AT&T said in the update. To support these efforts, AT&T continues to expect capital investment in 2024 if between $21 billion