News

The upcoming decision by President Joe Biden’s administration regarding China tariffs is expected to involve the imposition of new, elevated tariffs on key strategic sectors such as electric vehicles (EVs), batteries, and solar cells, while existing tariffs will be largely maintained. This move, anticipated as early as next week, is part of Biden’s economic…

The latest bankruptcy plan for FTX has revealed that the bankrupt crypto exchange has recovered more than enough funds to cover the losses suffered by its customers following the collapse in November 2022. Customers will receive $1.18 for each dollar’s worth of crypto assets they held on the exchange at the time of its…

Following the Bank of England’s latest interest rate decision and updated economic forecasts, traders and investors are reevaluating their predictions for when the central bank will reduce interest rates. Previously, many had been waiting for indications that would give them insights into when cuts may commence. The Bank of England’s benchmark rate affects the…

In summary, DESK is CoinDesk’s social token, designed to build a community around the CoinDesk brand and reward engaged users. It runs on Polygon, a sidechain to Ethereum, and can be earned by engaging with CoinDesk events and content, or received as a tip from other users. The token cannot be sold, traded, or…

In recent developments, Chinese technology companies such as Meituan, Alibaba, Tencent, and Shein have been expanding their operations in Saudi Arabia as part of their global expansion strategies. This move is significant as Meituan becomes the first Chinese company to choose the Middle East as its site for international expansion outside of China. With…

In a recent development, the cryptocurrency advocacy group Stand With Crypto has established a Political Action Committee (PAC) to collect funds from its 440,000 members for pro-crypto politicians. This move aligns with the deep-pocketed efforts of the crypto industry to elect candidates supportive of cryptocurrency and blockchain. The PAC, known as Stand With Crypto’s…

According to recent developments, international politics and the search for an investment hedge could potentially drive an increase in the value of Bitcoin (BTC) in the upcoming months, despite a 10% decrease in its value during the previous week. This notion has been supported by Edouard Hindi, the Chief Investment Officer at Tyr Capital,…

In order to navigate the rapidly evolving world of digital assets beyond bitcoin, investors are facing challenges such as liquidity, wallet management, and ongoing portfolio maintenance through market cycles. However, the emergence of crypto indices and funds is providing tools and vehicles to expose investors to a broader cryptocurrency offering. Diversification, evaluating market trends,…

Crypto projects are turning to a new breed of influencer-turned-investor known as Key Opinion Leaders (KOLs) to fund their risky ideas instead of relying solely on traditional investors such as venture capitalists (VCs) and angel investors. KOLs are individuals with large social media followings in the crypto space who provide “alpha” (insights) about which…

The article discusses Bill Ackman, founder of Pershing Square Capital Management, who is known for his unconventional approach to investing by holding significant stakes in a small number of companies for the long term. Ackman’s strategy has led to impressive returns for his investors, beating the S&P 500 by almost twice over the past…