Bitcoin

Bigger bitcoin HODL: Time for 10% to 40% of portfolio in crypto, says financial advisor Ric Edelman
Four years ago, financial advisor Ric Edelman went out on a limb in saying everyone should hold cryptocurrencies. But how much? Low single digits was his recommendation. In his “The Truth about Crypto” book in 2021, Edelman said as low as a 1% allocation was reasonable. A lot has changed. This week, Edelman said financial […]
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Core Scientific shares surge 33% on report of buyout talks with CoreWeave
Piotr Swiat | Lightrocket | Getty Images Core Scientific shares surged 35% on Thursday following a report from The Wall Street Journal that artificial intelligence infrastructure vendor CoreWeave is in talks to acquire the bitcoin mining and hosting provider. The company’s stock was briefly halted after the report, and then proceeded to have its second-sharpest […]
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What’s driving Wall Street stablecoin interest? Trillions, and maybe biggest global money-moving shift since credit cards
After a brief pullback this week, shares of stablecoin issuer and recent IPO darling Circle were in rally mode again, soaring double-digits on a percentage basis in trading on Thursday, after having moved up by more than 600% percent since its debut on the New York Stock Exchange earlier this month. Bitcoin and ether have […]
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Trump administration moves to count crypto as a federal mortgage asset
In a landmark shift for the U.S. housing finance system, the Federal Housing Finance Agency has issued a directive ordering Fannie Mae and Freddie Mac to formally consider cryptocurrency as an asset in single-family mortgage loan risk assessments. The move, signed by FHFA Director William J. Pulte on Wednesday, signals a new era of crypto […]
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Bitcoin rises, NYSE battles for Trump ETF, and crypto may be coming to mortgage next
The price of bitcoin rose again on Wednesday, reaching above $108,000 at an intraday high, as investors looked past the recent tensions in the Middle East and the stock market hovered near an all-time record. But the trading in cryptocurrencies was uneven, with ether and solana both slipping modestly in afternoon trading. Washington, D.C., figured […]
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Bitcoin price rises as Israel-Iran ceasefire begins, and Senate unveils major crypto bill
Crypto prices, including bitcoin, rose on Tuesday after President Trump announced a ceasefire between Iran and Israel. By midday Tuesday, bitcoin had passed the $105,000 level, ether jumped back above the $2,400 mark, and XRP climbed to $2.19. The risk-on action in the markets, which also saw stocks rally on the Mideast de-escalation, wasn’t the […]
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Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round
Crypto company Digital Asset said Tuesday that it’s netted $135 million in funding from a raft of major names in banking and finance. The firm, which touts itself as a regulated crypto player, said it raised the fresh cash in a funding round co-led by DRW and Tradeweb, with Goldman Sachs, BNP Paribas and Ken […]
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Fiserv debuts bank-friendly stablecoin as fintechs join digital dollar race
Jakub Porzycki | Nurphoto | Getty Images Fiserv is making a big entrance into the stablecoin market. The payments and fintech giant announced on Monday plans to roll out a new blockchain-based digital asset platform anchored by a U.S. dollar-pegged stablecoin called FIUSD — a product it hopes will bring thousands of banks and millions […]
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Pompliano’s ProCap raises over $750 million, goes public via SPAC as bitcoin treasury bubble grows
The race to create publicly traded bitcoin treasuries is accelerating — and so is the capital pouring in. ProCap Financial, the latest entrant, has raised more than $750 million and is going public through a special acquisition company, or SPAC, with Columbus Circle Capital Corp. I, according to an announcement Monday. Led by investor and […]
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Bitcoin sinks below $99,000 as U.S. strikes on Iran trigger crypto market sell-off
Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets. Bitcoin dropped below the $99,000 mark on Sunday — its lowest point in more than a month — as the crypto market became the first to […]
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