UAE company invests $2B in Binance in the largest investment into a crypto venture ever
An Abu Dhabi-based investment company has invested $2 billion in the Binance crypto exchange. It is the single-largest investment into a crypto venture ever.
Bitcoin: Where Does It Go Now?
Despite recent drops in the crypto market, which could be attributed to the uncertainty around tariffs, spot bitcoin ETF outflows, and crypto-specific events, investors with a long-term conviction in bitcoin may see this as an opportune time to add further to their overall holdings, says eToro’s Simon Peters.
Abu Dhabi-backed investor buys into Binance with $2 billion of crypto
DUBAI (Reuters) -Abu Dhabi-backed investment group MGX has made a $2 billion cryptocurrency investment in Binance, the companies said on Wednesday, deepening ties between the world's largest crypto exchange and the United Arab Emirates. The deal, which Binance called its first institutional investment, is one of the largest ever in the crypto industry. It will see MGX become a minority shareholder after making the investment in stablecoin - a type of cryptocurrency pegged to a fiat currency such as the dollar.
Russian central bank proposes wealthy individuals be allowed to invest in crypto
Russia's central bank has proposed regulating certain cryptocurrency investments for wealthy individuals, it said on Wednesday, outlining plans for "specially qualified" investors to trade crypto assets. The bank has gradually softened its strong opposition to cryptocurrencies, backing a law last year that allowed businesses to use cryptocurrencies in international trade, part of efforts to skirt Western sanctions imposed against Russia over the conflict in Ukraine. The bank said the experiment was aimed at increasing transparency of the cryptocurrency market and reminded potential investors of the risks of losing funds when trading crypto.
Russia’s central bank proposes crypto trading for limited investors
The central bank of Russia has proposed to allow crypto trading for select investors under an experimental regime.
Elon Musk’s Private Companies Soar in Secondary Market Since Election
(Bloomberg) -- Shares of Tesla Inc., Elon Musk’s public company, have been in freefall for the last few months. But shares in his private companies aren’t.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroSecondar
Palantir Stock Climbs as Walgreens and Heineken Revealed as New Clients
Palantir shares surged after the company unveiled a roster of new customers it said will attend its artificial intelligence event Thursday.
European stocks rise as Ukraine ceasefire talks boost market sentiment
Euronews Business takes a look at how European and global markets are performing on Wednesday, amid escalating trade tensions and talks on Ukraine.View on euronews
Crypto payments firm Mesh secures $82m in Series B financing
The fresh capital will enable Mesh to expedite product development and enhance its APIs.
U.S. Treasury Market Most Volatile in 4 Months May Slow Any Bitcoin Price Recovery After CPI
Increased volatility in the Treasury market often leads to reduced risk taking in financial markets.