The bitcoin rally is generating a false sense of security among investors, according to the strategist behind the so-called granddaddy of gold exchange-traded funds. State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays don’t offer the stability of gold. “Bitcoin, pure and simple, it’s a return play, and I think that people have been jumping…
Thomas Trutschel | Photothek | Getty Images Bitcoin moved higher Tuesday, breaching $94,000 for the first time, amid rising geopolitical tensions between Ukraine and Russia. The price of the flagship cryptocurrency was last higher by more than 2% at $93,889.25, according to Coin Metrics. Earlier, it rose as high as $94,068.75. Shares of MicroStrategy, which…
Dogecoin shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency, which he referred to as “DOGE” in his statement. Tesla CEO Elon Musk and Vivek Ramaswamy, former Republican presidential candidate and Strive Asset Management co-founder, will lead the department, Trump said…
Omer Taha Cetin | Anadolu | Getty Images Bitcoin climbed above $70,000 as investors braced themselves for MicroStrategy earnings and counted the days to the U.S. presidential election. The price of bitcoin was last higher by about 2% at $71,048.36, according to Coin Metrics. Ether jumped 5%. Stocks tied to the price of the cryptocurrency…
Former U.S. President Donald Trump in the East Room of the White House in Washington, D.C., on May 19, 2020. Kevin Dietsch | Bloomberg | Getty Images Donald Trump’s new crypto project is off to a rough start. World Liberty Financial, which aspires to be a sort of crypto bank, launched its token sale on…
Caroline Ellison, former chief executive officer of Alameda Research LLC, right, arrives at court in New York, US, on Tuesday, Sept. 24, 2024. Michael Nagle | Bloomberg | Getty Images Caroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two…
