Bitcoin's value took a nosedive recently, hitting $80, 600 and marking a 10% weekly loss. This isn't just a small blip; it's the biggest monthly drop since June 2022, with a 23% decline. The price even tested the 100-week exponential moving average, a level not seen since October 2023. This sharp fall triggered over $1 billion in Bitcoin futures liquidations, signali...
Premier Inc. , a big name in healthcare tech, just got a new owner. Patient Square Capital, a firm that invests in healthcare, is taking over. This deal got the green light from almost all the shareholders who voted. A whopping 99% of those who voted said yes. That's about 79% of all the shares out there. So, what's in it for the shareholders? They'll get $28. 25 fo...
Martin Shkreli, the controversial former hedge fund manager, recently took to social media to criticize online finance influencers. He argued that many of these influencers lack a solid understanding of basic accounting principles. Shkreli specifically targeted those who were scrutinizing Nvidia's third-quarter financial statements, suggesting that their analysis was...
Kraken, a well-known crypto exchange, just secured a massive $800 million investment. This huge sum includes a $200 million contribution from Citadel Securities, a major player in the financial world. The goal? To bring traditional finance into the blockchain era. The funding round was split into two parts. The first part was led by big-name investors like Jane Stre...
Microsoft is making a huge move in the world of artificial intelligence. They've just opened a massive AI "super factory" in Atlanta. This isn't just any data center—it's a two-story complex designed to work seamlessly with other similar hubs in Microsoft's Fairwater network. The goal? To provide massive computing power for AI training. The Atlanta site is a big dea...
Crypto investors have not been great at paying taxes on time. A 2023 IRS review showed that only about 25% of crypto investors are likely to pay their taxes on time. But things are about to change in 2025. Starting in 2025, investors with accounts on centralized crypto exchanges will have their transactions reported to the IRS. This means that if you sold or exchang...
The head of the Securities and Exchange Commission, Paul Atkins, recently shared his thoughts on crypto rules. He wants to make things easier for crypto assets that are part of investment deals. Atkins believes that certain types of crypto, like digital commodities, network tokens, digital collectibles, and digital tools, should not be treated as securities. However,...
Juan Kreutz, known as JC, has been appointed to a big role at SMBC Americas. He is now the head of Structured Finance Solutions and the Deputy Head for the Americas region. JC will be in charge of many financial areas. These include project finance, real estate finance, and global trade finance. He will also oversee business in Latin America. JC has been with SMBC f...
The US Senate Agriculture Committee has finally shared its draft on how to regulate the crypto market. This is a big deal because it shows that Congress is getting serious about setting rules for cryptocurrencies. The draft was put out by Republican Senator John Boozman and Democrat Senator Cory Booker. It's not final yet, as there are still parts that need to be di...
Tokenization, the trend of linking crypto tokens to traditional financial assets, is sparking debates in the finance world. While some see it as a revolutionary step, others warn of potential pitfalls. The global securities regulator, IOSCO, recently highlighted these concerns in a report. The idea behind tokenization is to create digital tokens on a blockchain that...