Eric Trump, son of US President Donald Trump and co-founder of American Bitcoin, has announced his commitment to shares in the company. Eric Trump stated that big banks are trying to “operate” on the company and that he is turning to crypto in the process. Confirming that he owns approximately 7.5 percent of the company’s
Bitfarms stock price has gone parabolic in the past few days. The company is expanding its business to the growing data center industry. It has also pivoted to become a pure play North American company. Bitfarms stock price has gone parabolic in the past few days, soaring to a high of $2.90, its highest level
With the Fed delivering a widely anticipated decision, experts are shifting attention to the tone. Summary The Federal Reserve has cut interest rates by 25 basis points, as markets anticipated Fed’s tone leans dovish, potentially boosting Bitcoin and altcoins Still, altcoins are not out of the woods yet, as there’s no definitive decision on further
Bullish (BLSH), the owner of CoinDesk, earnings per share beat average analyst estimates, while expecting higher adjusted Ebitda for the next quarter. The crypto platform reported earnings per share (EPS) of $0.93 in the second quarter, beating the average analyst estimate of $0.03, according to FactSet data. Bullish also reported adjusted revenue of $57 million
Balancing compliance needs against the open and accessible nature of decentralized finance ultimately brought Backed Finance to Switzerland, according to co-founder Adam Levi. The company was registered in the European nation because it allowed them to issue digital representations of stocks like Tesla and Nvidia, called xStocks, that are freely transferable, as opposed to those
China’s decision to ban its tech giants from buying Nvidia chips may be more than just a trade restriction: It could be Beijing’s declaration that the country’s semiconductor industry has reached a critical inflection point where it no longer needs American AI hardware to compete. Earlier today, the Financial Times reported that China’s internet regulator
At its September meeting today, the Fed lowered its policy rate by 25 basis points to a range of 4.00-4.25%. The bank announced that it anticipates two additional rate cuts in 2025. The new economic projections included notable revisions to the FED’s interest rate, inflation, growth and unemployment expectations: Interest Rate Projections (Year-End) 2025: 3.675%
Vanar, a Web3 launchpad to empower global builders, has announced its groundbreaking collaboration with ChainSafe. This partnership represents a remarkable step forward for Vanar’s kickstart program for the advanced blockchain gaming. Through this program, Vanar is set to provide essential tools, support, and infrastructure to game studios. By doing this, the platform aims to make
Eric Trump is betting big on the fourth quarter. He says if the Federal Reserve cuts rates like everyone’s expecting, crypto stocks are going to rip higher… fast. “I just think you would potentially see this thing skyrocket,” Eric told Yahoo Finance, pointing to the usual year-end momentum in crypto. He says this moment matters
Following the FED’s announcement of its interest rate decision, Chairman Jerome Powell holds a live press conference. Here are all the current highlights from Powell’s speech: The unemployment rate remained low but increased. Inflation has risen recently and remains at slightly elevated levels. Job growth has slowed and downside risks to employment have increased. Economic