Author: Journalist

Key Takeaways MicroStrategy purchased 21,550 bitcoin last week, funded by a share sale.The company now holds 423,650 bitcoin, which is worth around $41.5 billion.Bitcoin miner Riot Platforms also announced a $500 million convertible note offering, as more publicly-traded companies are adding bitcoin to their balance sheets.MSTR was down roughly 4% in recent trading as bitcoin fell below $98,000. MicroStrategy (MSTR) bought more bitcoin (BTCUSD) last week, for the fifth week in a row. The company spent roughly $2.1 billion to add 21,550 bitcoins to its stash that has now grown to 423,650 BTC, and is worth close to $41.5 billion…

The Volkswagen Group is a German vehicle manufacturer that sells products in 153 countries. Besides Volkswagen, other popular vehicles include Audi, SEAT, Bentley, Porsche, Ducati, and more. The Volkswagen Group delivered more than nine million vehicles to customers worldwide in 2023, representing an 11.8% increase year-over-year. CEVA provides Volkswagen with warehousing services and distribution for automotive parts and accessories, including logistics to export to more than 30 countries. PAC is the largest automotive parts distribution center in Latin America and the largest one that CEVA operates, servicing over 600 car dealers. PAC is the only distribution center supporting the Volkswagen…

Bitcoin breached $100,000.getty Bitcoin Surpasses $100,000 After a few attempts at breaking down this key psychological level, bitcoin crossed the $100,000 line for the first time on the evening of December 4, topping out at $103,446. This surge is the capstone of a furious rally for the asset, which was as low as $60,000 in October and is up 130% on the year. Although the price dropped below this level on Friday–as of this writing it is $101,049 and has a market capitalization of $1.99 trillion–long-time holders of the asset see this jump as validation of an asset that has…

A set of “sensible” regulatory guidelines can help make the U.S. a cryptocurrency superpower, according to Eric Trump, executive vice president of the Trump organization and son of president-elect Donald Trump.Speaking to CNBC’s Dan Murphy in Abu Dhabi, United Arab Emirates, Eric Trump said Monday that he’d been a “big fan of crypto for a long time” and his father intends to “make America the crypto capital of the world” on his return to the White House.His comments come shortly after the price of bitcoin, the world’s largest cryptocurrency, climbed above $100,000 for the first time.The highly anticipated milestone was…

BNB price hovers around $720 on Monday, down from an all-time high of $794 on December 4 and holding a market capitalization above $100 billion. Binance handled 36% of the global crypto market trading volume in November, or $986 billion, as the market rallied following Trump’s reelection. Binance has pulled another $350 billion in trading volumes in December so far, and BNB price volatility has increased sharply. BNB consolidates around the $720 mark on Monday, after an all-time high rally to $794 on December 4 propelled its market capitalization above the $100 billion milestone. Market activity trends suggest BNB could…

China’s Politburo turned up the heat Monday on a broad range of tech, consumer, financial and commodities plays with its vow to carry out “more proactive” fiscal policy and loosen monetary policy next year. Some U.S.-traded Chinese stocks flashed clear entry points, including online retailer JD.com (JD), Trip.com (TCOM), hotel operator Atour Lifestyle (ATAT) and EV maker Xpeng (XPEV). The lists is likely to grow once over-the-counter stocks, which aren’t traded off-hours, begin trading, with Tencent (TCEHY) and BYD set to make a run at their 50-day moving averages. Futu Holdings (FUTU), a provider of digital financial services, jumped 11.5%.…

15h05 ▪ 5 min read ▪ by Luc Jose A. Amid revolutionary announcements, technological evolutions, and regulatory turmoil, the crypto ecosystem continues to prove that it is both an unbounded territory of innovations and a field of regulatory and economic battles. Here’s a summary of the most significant news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple. Bitcoin crosses $100,000! Bitcoin has reached a historic threshold of $100,000, symbolizing a major transition from a speculative asset to a true global economic force. This spectacular rise, marked by a 126% increase since January, is supported by an explosion…

Treasury Secretary Janet Yellen following a tour of the Financial Crimes Enforcement Network (FinCEN) in Vienna, Virginia, on Jan. 8, 2024.Valerie Plesch/Bloomberg via Getty ImagesSmall businesses and their owners could face penalties of $10,000 or more if they don’t comply with a new U.S. Treasury Department reporting requirement by year’s end — and evidence suggests many haven’t yet complied.The Corporate Transparency Act, passed in 2021, created the requirement. The law aims to curb illicit finance by asking many businesses operating in the U.S. to report beneficial ownership information to the Treasury’s Financial Crimes Enforcement Network, also known as FinCEN.Many businesses…

U.S. stock futures are little changed as markets come off last week’s record highs; Oracle (ORCL) reports earnings after the bell; Super Micro Computer (SMCI) stock is jumping in premarket trading after it received an extension from Nasdaq to fulfill reporting requirements; shares of Interpublic Group (IPG) are surging after being acquired by Omnicom Group (OMC) to form the world’s largest advertising company; and Palantir (PLTR) shares are rising further after it announced a partnership with Anduril Industries to launch an artificial intelligence (AI) consortium. Here’s what investors need to know today. 1. US Stock Futures Flat After Record Highs Last…

A lot of what the government does is hard to quantify and involves complicated tasks that inevitably require bureaucratic coordination and, yes, inefficiencyTHE fact that president-elect Donald Trump has tapped two businessmen – Elon Musk and Vivek Ramaswamy – to lead an advisory commission focused on streamlining government operations suggests that these efficiencies will come from making the government run more like a business. In 2017, when he was a White House adviser, Jared Kushner, who now runs a private equity firm, made a similar pitch that business thinking would help to “achieve successes and efficiencies for our customers, who…