On Wednesday, El Salvador’s president signed into law a proposal to adopt bitcoin as legal tender, making the Central American nation the first in the world to officially use the cryptocurrency.
The new law says that companies must accept...
Market volatility and the next moves by central banks have to be watched “very carefully,” veteran investor Mark Mobius has warned, describing “crazy moves” in assets such as bitcoin as being driven by “disorientation and confusion.”
Market speculation over...
Wednesday brought another bout of volatility to the stock market. Market participants were initially upbeat, but throughout the day, investors seemed to lose their optimism about potential future gains. By the end of the day, the Dow Jones Industrial Average (DJINDICES:^DJI), S&P...
Apple could hit a $3 trillion market capitalization in 2022, according to Wedbush analyst Dan Ives, who is bullish on the tech giant.
The iPhone maker’s shares are down about 5% year-to-date. Earlier this year, investors dumped the company’s...
The Federal Reserve is in the early stages of a campaign to ready markets for reducing its $120 billion in monthly asset purchases to stimulate the economy.
Comments by Fed officials in the past several weeks suggest the issue...
Bitcoin’s bull case was on full display in Miami this weekend.
A 12,000-person conference billed as the largest bitcoin-themed event in history highlighted the excitement and enthusiasm swirling around the cryptocurrency, Osprey Funds founder and CEO Greg King told...
MicroStrategy Inc. boosted the size of a junk-bond sale to fund the purchase of more Bitcoin, selling $500 million of notes on Tuesday that were the first of their kind in the high-yield market.
The company received about $1.6...
The US Justice Department has recovered part of the ransom Colonial Pipeline paid last month to regain access to its computer systems after it was locked out of them by “apolitical” ransomware gang Darkside. The agency says it seized 63.7 Bitcoins, worth...
Publicly traded business intelligence firm MicroStrategy (NASDAQ: MSTR) said it intends to offer $400 million senior secured notes to raise funds to purchase more bitcoin even as the bitcoin it already has will likely result in a massive impairment.
OPEC+ is gaining the upper hand as a trendsetter on global oil markets, Vitol’s head of operations for Asia, Mike Muller, said as quoted by Bloomberg this weekend.
“There’s a perception in the market that control is with OPEC+,”...
