Coinbase Global Inc. profited handsomely from bitcoin’s first-quarter rally, generating more profit and revenue in the first three months of 2021 than in all of 2020. The company, which offers a variety …
Read More »The IRS wants to know everything about your Bitcoin holdings, and this subpoena is a reminder
The IRS wants Circle, a Boston-based fintech company that enables trading of various types of cryptocurrencies, to produce account registration information, account activity records, and other materials for clients who had at …
Read More »Loyalty plans to launch Bitcoin ETFs
Fidelity Investments unveiled plans on Wednesday to launch an exchange-traded fund that tracks the price of bitcoin, fueling the money manager’s push to bring cryptocurrencies into mainstream finance. The ETF, called the …
Read More »Bitcoin, crypto investors will be on the lookout for these 5 questions facing the Biden administration
The stock market recovery from last year’s COVID-driven slide is testament to the unprecedented level of federal stimulus injected into the economy over the past twelve months, but few asset classes have …
Read More »Justice Department Investigates Visa Debit Card Practices
The Justice Department is investigating whether Visa Inc. V -5.08% is engaging in anti-competitive practices in the debit card market, according to people familiar with the matter. The department’s antitrust division has …
Read More »Bank of New York Mellon Invests in Cryptocurrency Startup
Bank of New York Mellon Corp. BK 0.41% is investing in a cryptocurrency startup, the latest move by a traditional Wall Street gamer to embrace digital assets. The startup, Fireblocks, creates tools …
Read More »Pinduoduo founder Colin Huang leaves the company
SINGAPORE: Chinese e-commerce company Pinduoduo Inc.’s PDD -10.31% Founder and chairman Colin Huang resigned from the company on Wednesday, even as the five-year-old company overtook Alibaba Group Holding. Limited. SLIME 2.08% to …
Read More »Vanguard hits a hiatus in fund ambitions in China
American financial giant Vanguard Group has suspended plans to launch a mutual fund business in China. The Malvern, Pa., Firm told its employees in recent days that it was pausing months of …
Read More »Americans ready to invest $ 40 billion in bitcoin and the stock market as stimulus checks roll in: survey
Another round of stimulus controls could provide an opportunity for stocks and especially bitcoin, according to a survey published Monday by Mizuho Securities. The survey of 235 people waiting to receive checks …
Read More »Elon Musk is the new ‘Tesla Technoking’ and the CFO is nicknamed ‘Master of Coin’
Tesla Inc. said Chief Executive Elon Musk changed his title at the company to “Technoking of Tesla,” extending an irreverent streak in the leadership of the 49-year-old electric vehicle maker. The company …
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