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This cryptocurrency billionaire wants to be president

The child actor-turned-entrepreneur-turned politician faces steep odds in launching a virtual presidential campaign with the general election only four months away, and with no clear-cut platform or wide presence on state ballots.

Cryptos

Ticker Name Last Chg Chg %
BTCUSD Bitcoin USD 9225.59 -46.85 -0.51%
ETHEUR Ethereum EUR 210.20 -1.79 -0.84%
XRPUSD Ripple USD 0.20 -0.0020 -0.99%
LTCUSD Litecoin USD 43.29 -0.4700 -1.07%
BTC.1 Bitcoin (CME) Front Month 9260.00 -50.00 -0.54%
BCHUSD Bitcoin Cash USD 227.30 -3.30 -1.43%

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Mike Novogratz on Bitcoin's Next Milestone

Mike Novogratz, CEO of Galaxy Digital, speaks with Barron's Carleton English about what catalysts could propel the price of Bitcoin higher.

by MarketBrief

Telegram fined $18.5 million by the SEC and must return $1.2 billion raised in an ICO

On Friday, a judge approved a ruling in favor of the Securities and Exchange Commission for a settlement with Telegram Group Inc. and subsidiary TON Issuer Inc, both British Virgin Islands-based entities. The judgement res...

by Mark DeCambre

Grainger to sell Grainger China to focus on 'key businesses'

Grainger Inc. said late Monday it has reached a deal to sell its distribution business in China, Grainger China LLC, to an undisclosed buyer owned by the Grainger China management team and Sinovation Ventures, a China-bas...

by Claudia Assis
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Central bank digital currencies would ‘increase government’s grip on money’ with few benefits for the rest of us

Money transfers and bank clearing would be faster, but governments would have greater financial-surveillance powers.

by Jurica Dujmovic

HSBC sends memo to staff saying 35,000 jobs will go

Banking giant HSBC PLC [uk:hsba] is reviving a plan to cut 35,000 jobs, which had been put on hold due to the pandemic, according to a memo sent to staff. Reuters originally reported on Wednesday that Chief Executive Noel ...

by Barbara Kollmeyer
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Bitcoin prices slip amid speculation that a block of the cryptocurrency possibly linked to creator Satoshi Nakamoto just changed hands

Bitcoin prices retreated Wednesday afternoon amid swirling speculation that a long-dormant block of coins, with links to the presumptive creator of the virtual asset, just changed hands.

by Mark DeCambre

Boyd Gaming is offering $500 million of senior notes that mature in 2025

Boyd Gaming Corp. said Wednesday it is offering $500 million of senior notes that mature in 2025 in a private placement. The Las Vegas-based company said it would use the proceeds for general corporate purposes, including...

by Ciara Linnane
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Billionaire Paul Tudor Jones: ‘My bet is it will be bitcoin’ as the best inflation hedge

Billionaire investor Paul Tudor Jones made a prescient call on bullion in 2019, now he’s saying that bitcoin futures, the controversial digital currency, reminds him of gold in the 1970s, and may be the best hedge against ...

by Mark DeCambre
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Bitcoin Rallies Above $10,000. Don’t Think of It as a Hedge.

The cryptocurrency has more than doubled in price since March, but it seems to be moving in line with riskier assets such as stocks.

by Barron's

Bitcoin price tops $10,000 for first time since February ahead of 'halving'

The price of bitcoin topped $10,000 late Thursday for the first time since February, ahead of the cryptocurrency's so-called "halving" next week. Bitcoin was up about 2% Thursday night, but had receded to around $9,955 ac...

by Mike Murphy
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Don’t look now—much-maligned bitcoin is outperforming gold and bullish investors are eyeing $10,000 and beyond

Bitcoin is on the rise lately. The world’s most prominent digital currency has been rallying, managing to outperform gold prices in the last 12 months amid the coronavirus pandemic that has rocked global economies.

by Mark DeCambre
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Bitcoin May Break Out Even More

Some Bitcoin analysts pointed to the upcoming halving, an event every four years when rewards for those mining new coins are halved, resulting in significant price appreciation since supply is reduced.

by Barron's

Hertz hires advisers to roll debt: report

Hertz Global Holdings Inc. has hired lawyers and investment bankers as advisers as it tries to renegotiate its $17 billion of debt, according to a report Friday on The Wall Street Journal that cited people familiar with t...

by Claudia Assis

Tesla names Hiromichi Mizuno its 10th board member

Tesla Inc. said late Thursday that Hiromichi Mizuno has joined the Silicon Valley car maker's board of directors, effective immediately. With Mizuno's arrival, Tesla's board increases to 10 members. Mizuno most recently s...

by Claudia Assis

Avis stock rallies as company expects still-strong Q1 sales

Shares of Avis Budget Group Inc. rose more than 7% in the extended session Wednesday after the rental-car company said it expects first-quarter sales modestly below consensus, thanks to a busy January and February. Avis s...

by Claudia Assis