Business

Here’s How Elon Musk’s SpaceX-Tesla Merger Could Impact 20,000 Bitcoin (BTC)

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Elon Musk’s consideration of a possible merger involving SpaceX, Tesla or artificial intelligence company xAI has focused renewed attention on a less-discussed part of his empire: one of the world’s largest corporate bitcoin wallets. SpaceX and Tesla together hold nearly 20,000 bitcoins, according to public information, a reserve worth about $1.7 billion at current prices. […]

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Nubank Gets Conditional Banking Approval in US as Regulators Reopen Door to Crypto

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Latin America’s largest digital bank has taken steps to be able to offer crypto custody in the United States. São Paulo-based Nu (NYSE: NU), which has 127 million customers, has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to open a branch in the United States, the bank announced

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Bitwise CIO Matt Hougan on Bitcoin, Ethereum, Solana, central banks and more

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Where bitcoin trades from here: Expect patience before the next higher step. Hougan expects bitcoin to trade sideways between around $75,000 and $100,000 during the first half of the year. “There is still plenty of Bitcoin for sale around $100,000,” he said, highlighting positioning in the options market. A breakout is more likely later in

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The United States demands $400 million from Helix, a famous bitcoin mixer used on the darknet

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The U.S. government now has legal title to more than $400 million in seized cryptocurrencies, real estate and cash linked to the once-popular darknet bitcoin mixing service Helix, the Department of Justice (DOJ) announced Thursday. Mixing services like Helix are designed to mask the origin and destination of crypto transactions by pooling and redistributing funds,

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The gold and silver bubbles may have burst; what this means for bitcoin (BTC)

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The precious metals bubble could have burst this week, with silver’s violent drop on Friday dragging the group lower. After hitting a new record high of $120 an ounce earlier in the session, silver returned to $75 in the afternoon in the United States, a 35% decline for the day. Gold – which as recently

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Visa and Mastercard aren’t buying the stablecoin hype for everyday payments

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Wall Street’s payments giants aren’t convinced of crypto’s usefulness in everyday transactions — at least not yet. During earnings calls this week, Visa and Mastercard executives offered cautious valuations of digital assets, particularly stablecoins, signaling that consumer demand has not necessarily materialized in any meaningful way. “As I said before, in the United States, if

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Coinbase’s (COIN) Brian Armstrong Was Snubbed by Top Executives of Biggest US Banks in Davos: WSJ

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Coinbase (COIN) CEO Brian Armstrong is hitting a wall – and it looks a lot like the leaders of America’s biggest banks. During meetings at the World Economic Forum in Davos, Armstrong reportedly approached several Wall Street executives to discuss the crypto market structure bill that would be submitted to Congress, according to a report

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