News with the tag "Finance "

Leading U.S. crypto advocacy groups have united to push lawmakers for the inclusion of legal protections for software developers and infrastructure providers in a bill designed to regulate the digital asset space. In a joint statement on June 5, several major organizations—including the DeFi Educati...

The UK’s financial regulator is opening the door for wider retail access to crypto -linked investment products. On June 6, the Financial Conduct Authority (FCA) proposed lifting its ban on cryptocurrency Exchange-Traded Notes (ETNs), allowing UK retail investors to buy these products on recognized i...

A growing number of crypto investors are exposing themselves to serious threats by neglecting basic security hygiene at industry conferences, according to a new warning issued by Kraken security team. Kraken Chief Security Officer Nick Percoco noted a “troubling trend” of unlocked devices left unatt...

A public fallout between Donald Trump and Elon Musk has rattled financial markets, sending Tesla stock tumbling and dragging the crypto sector into a broad risk-off retreat. The rift came to a head on June 5 during a White House meeting with the German chancellor, where Trump voiced his displeasure ...

Bybit has taken a significant step into the European crypto market. The Dubai-based crypto exchange has secured a Markets in Crypto-Assets Regulation (MiCA) license from Austria’s Financial Market Authority (FMA). This new approval allows Bybit to expand its services across the European Economic Are...

Elon Musk has officially stepped down from his role as the White House’s government cost-cutting czar, ending a brief and contentious stint at the helm of the Department of Government Efficiency (DOGE). Confirming the news via a May 29 post on X, Musk thanked President Donald Trump “for the opportun...

Key Takeaways: Tesla shares rose over 2.15% after Musk confirmed his exit from the DOGE role. Investors welcomed the news, viewing it as a sign of Musk refocusing on Tesla. Musk criticized federal inefficiencies and plans to scale back political involvement. Tesla shares surged over 2.15% in overnig...

President Trump’s “Liberation Day” tariffs have been struck down by the US Court of International Trade , which ruled the sweeping trade measures illegal and outside the president’s authority. The Trump administration immediately filed a notice that it was appealing the ruling . On Wednesday, the co...

BlackRock Inc. is reportedly planning to purchase around 10% of the shares offered in Circle Internet Group Inc.’s upcoming initial public offering (IPO), according to a Bloomberg report on May 28. According to Bloomberg, BlackRock plans to purchase approximately 10% of the shares offered in Circle ...

Key Takeaways: Telegram is raising $1.5 billion through a bond sale, with backing from BlackRock, Citadel, and Mubadala. CEO Pavel Durov is under investigation in France and remains unable to travel. The proceeds will go toward repurchasing 2021 bonds, with the new debt offering a 9% yield and poten...