Executive Chairman and CEO of Microsoft Corporation Satya Nadella attends a session during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse | Reuters Microsoft is accusing The New York Times of “unsubstantiated” claims in the publisher’s lawsuit filed in December against OpenAI, a case that could … Read more
Jaap Arriens | NurPhoto | Getty Images Bitcoin has reached a new all-time high for the first time in more than two years, as this year’s rally — fueled by excitement over bitcoin ETFs and the upcoming halving event — accelerated. The price of the cryptocurrency topped $69,210 on Tuesday morning, according to Coin Metrics, … Read more
Shannonstent | E+ | Getty Images As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency. Digital assets are one of the agency’s “priority areas,” according to a press release sent last week. The IRS announced it hired two former crypto executives to beef up its digital currency … Read more
The Toronto Stock Exchange’s parent company has already completed a major deal this year: its acquisition of ETF education company VettaFi. According to TMX Group CEO John McKenzie, the deal helps expand its exchange-traded fund business globally. “The exchange-traded fund is essentially one of the most important innovations in investing in the marketplace history — … Read more
The internet is filled with scam artists who try to swindle unsuspecting people out of their money. But impersonation scams that use Elon Musk and his bevy of tech companies—including Tesla, SpaceX, Neuralink, and X—have exploded in popularity in recent years. And Gizmodo obtained reports about many of these scams filed with the federal government … Read more
SINGAPORE – Bitcoin headed for its biggest monthly gain in more than three years on Thursday and is within range of a record high as cash rushing to listed bitcoin funds propels a strong rally. The largest cryptocurrency by market capitalisation was firm in Asia morning trade at $62,000, having changed hands at as high … Read more
Retail traders appear to be using a new tool during this huge rally for bitcoin — exchange-traded funds. The funds, which launched last month, have seen their trading volume surge this week as bitcoin continues to climb. For example, the iShares Bitcoin Trust (IBIT) saw about 96 million shares change hands on Wednesday, according to … Read more
Michael Saylor, chairman and chief executive officer of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy’s balance sheet as part of an unorthodox treasury management strategy. Eva Marie Uzcategui | Bloomberg | Getty Images When MicroStrategy’s Michael Saylor came on CNBC’s “Closing Bell: Overtime” in December … Read more
The Coinbase and bitcoin logos are displayed on a phone screen in San Anselmo, California, on Feb. 15, 2024. Justin Sullivan | Getty Images Coinbase‘s app suffered from glitches on Wednesday that led many users to see a balance of zero when opening their accounts. Bitcoin, which had just spiked to its highest level since … Read more
Cryptocurrency exchange Coinbase experienced technical issues Wednesday as bitcoin, the world’s largest cryptocurrency, soared to its highest price in more than two years. Coinbase Support assured all users that their funds with the crypto exchange are safe and its team is looking into the incident in a post on X, the platform formerly known as … Read more
