Fortitude Mining will produce bitcoin and other proof-of-work tokens.
Crypto Accounting Platform Cryptio Raises $15M in Series A Extension
Existing investor Alven led the round and featured participation from new backers 1kx and Ledger Cathay Capital.
Bitcoin Rebounds Post DeekSeek Disruption: Buy 3 Crypto-Centric Stocks
Crypto-centric stocks like NVDA, IBKR and HOOD are likely to gain from Bitcoin's northbound journey.
Nuvve Holding to allocate 30% of excess cash to Bitcoin purchases
Nuvve Holding (NVVE) announced its board of directors has approved the inclusion of Bitcoin as a primary asset in the company’s treasury management program. Nuvve will allocate up to 30% of its excess cash, calculated based on its estimated six-month operating expenses, toward BTC purchases. This BTC allocation will be subject to, among other factors, market conditions and the company’s operational cash requirements, including its planned expansion strategy further into the V2G sector. Published
Germany's government slashes its economic growth forecast for this year to 0.3%
The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much lower than the government's previous forecast of 1.1% growth, issued in October. Germany has managed no meaningful economic growth in the past four years as it has struggled to deal with major shifts in the global economy and with structural challenges of its own.
1 Top Cryptocurrency to Buy Before It Soars 12,500%, According to Michael Saylor
With Donald Trump back in office, investors are bullish not only about the stock market but also about the cryptocurrency industry. According to Saylor, Bitcoin's price will soar 12,500% from its current price of $103,000 (on the evening of Jan. 22) to $13 million in 2045. It's worth pointing out that Saylor's base case sets a $13 million price target on Bitcoin in 2045.
Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data
Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese artificial intelligence model, according to a Goldman Sachs trading update and industry figures on Tuesday. Hedge funds that pick stocks based on company fundamentals rather than using algorithms to trade systematically were down 1.1% Monday, as markets sank, Goldman's trading desk said, a significant one-day drop for funds that in a good year like 2024 make 15%. Goldman Sachs does not reveal dollar figures for the size of the hedge funds its teams track, but data from hedge fund research group BarclayHedge suggest the losses from Monday's sell-off could tally into the billions.
5 Things to Know Before the Stock Market Opens
News of the day for Jan. 29, 2025
Wall Street’s Levered ETF Boom Is Near-$1 Billion Money Spinner
(Bloomberg) -- A popular ETF trade beloved by market speculators is fast turning into a billion-dollar revenue generator for nimble-footed financial firms.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingTraders have bee
Bitcoin Has Struggled to Stay Above $100,000 in January. Will This Trend Continue?
In December, when Bitcoin (CRYPTO: BTC) finally broke through the $100,000 mark, the conventional thinking was that it was going to skyrocket in value in 2025. Bitcoin seemed to be on the cusp of going mainstream, especially after the launch of new spot Bitcoin exchange-traded funds (ETFs). Best of all, the incoming Trump administration ran on a decidedly pro-Bitcoin platform.