Inflation rises less than expected as new tariffs spur price worries
Concern about the inflationary impact from tariffs has eroded confidence among both businesses and consumers, according to recent surveys.
Concern about the inflationary impact from tariffs has eroded confidence among both businesses and consumers, according to recent surveys.
Investors have warned the U.S. economy is reaching “correction territory.”
On March 7, President Donald Trump was in attendance at the White House cryptocurrency summit, where he announced the formation of a Strategic Bitcoin Reserve. Longtime Bitcoin investors can probably hardly believe that the day where the president of the United States could say something like "Never sell your Bitcoin" could come and go without much in the way of fanfare or bullish price action.
The Senate is expected to mark up a stablecoin bill on Thursday.
Deutsche Bank said Robinhood Markets is a "good buying opportunity" after the recent drop in the stock's price.
The investment came in the form of stablecoins and reflects the growing presence of crypto in the Middle East.
Inflation eased last month, but the data may offer less comfort to businesses, consumers and the Fed than it otherwise would as looming tariffs may keep prices rising.
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.
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.
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.