The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators

The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators

WASHINGTON — With the proliferation of cryptocurrencies, prices of bitcoin and other digital tokens are often displayed on cable news tickers and financial apps as if they were common stocks, bonds or oil futures. They are not. This makes them a challenge to US financial lawmakers. Cryptocurrency censorship, which appeared in 2009, is sporadic. Regulators … Read more

Citadel Securities to Receive First Outside Investment

Citadel Securities to Receive First Outside Investment

Citadel Securities is set to receive its first outside investment in a deal that values ​​the e-commerce company owned by billionaire hedge fund Ken Griffin at nearly $22 billion. Venture capital firm Sequoia Capital and cryptocurrency investor Paradigm have agreed to invest $1.15 billion in a Chicago-based company, the company told the Wall Street Journal. … Read more

Tech Stocks Open Lower, Extending Last Week’s Losses

Tech Stocks Open Lower, Extending Last Week’s Losses

Technology stocks opened lower in US trading on Monday, while government bonds extended their declines, as investors awaited inflation data and the start of earnings season. The Nasdaq Composite Index is down 1.1%, indicating renewed pressure on the technology sector. Last week, the benchmark index posted its biggest one-week percentage drop since February, as rising … Read more

GameStop Entering NFT and Cryptocurrency Markets as Part of Turnaround Plan

GameStop Entering NFT and Cryptocurrency Markets as Part of Turnaround Plan

Jim Stop corp. GME 1.28% It is launching a division to develop a marketplace for non-fungible tokens and forge crypto partnerships, according to people familiar with its plans, propelling the company into very encouraging areas as it tries to transform its core video game business. The retailer has hired more than 20 people to run … Read more