Key Points
The IMF is leery of countries adopting cryptocurrencies as their national currencies.Congress is nervous, too -- but eager to tax cryptocurrency profits.The net outcome of all this may secure a long future for Bitcon and its peers.
Shares of Dole closed Friday down more than 9% as the company made its return to the public markets.
The stock opened at $15 per share, giving the company an implied market value of roughly $1.5 billion. However, the...
Robinhood logo displayed on a phone screen is seen in this illustration photo taken in Krakow, Poland on June 29, 2021 (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images)
Shares of Robinhood closed down more than 8% in its Nasdaq debut, after pricing...
Stock Markets
The past trading week saw indexes mixed with a high level of volatility. The large-cap benchmark indexes as well as the technology-heavy Nasdaq Composite index saw record highs midweek before the slump towards Friday’s close where they...
U.S. equities rose toward all-time highs as the latest read on the economy eased concerns about inflation and the Federal Reserve scaling back its ultra-accomodative policies.
All of the main American stock indexes advanced, with the S&P 500 and...
LONDON — European stocks closed higher on Thursday as investors digested a fresh round of major corporate earnings and the U.S. Federal Reserve’s reiteration of its dovish policy stance.
The pan-European Stoxx 600 provisionally closed up about 0.5%, with...
The International Monetary Fund must ramp up its resources as it seeks to "monitor, advise on, and help manage this far-reaching and complex transition" to digital money, according to an IMF paper published on Thursday.
Digital money can make...
Bitcoin is slightly higher Thursday morning, trading just below the $40,000 level.
The price was around $39,800 per coin, while rivals Ethereum and Dogecoin were trading around $2,290 and 20 cents per coin, respectively, according to Coindesk.
The International Monetary Fund published a blog post Monday warning that the risks and costs that come with making cryptocurrencies legal tender outweigh the benefits.
Elevating a cryptocurrency to the status of national currency could harm macro-financial stability, financial...
What happened
Wednesday is turning out to be a pretty great day for cryptocurrencies in general, but few were doing quite as well as Ripple (CRYPTO:XRP), which was up an impressive 10.7% approaching noon today.
Ripple's XRP cryptocurrency was moving higher after the...
