Crypto plunge wipes out $270 billion in value as bitcoin, ether plunge

Crypto plunge wipes out 0 billion in value as bitcoin, ether plunge

Nurphoto | Nurphoto | Getty Images The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets. Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by about $270 billion, according to CoinGecko data. … Read more

Morgan Stanley wealth advisors can pitch bitcoin ETFs

Morgan Stanley wealth advisors can pitch bitcoin ETFs

Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm’s 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting Wednesday, according … Read more

Block (SQ) earnings Q2 2024

Block (SQ) earnings Q2 2024

Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading. Here’s how the company did, compared with analysts’ consensus estimates from LSEG. Earnings per share: 93 cents adjusted vs. 84 cents expected Revenue: $6.16 billion vs. $6.28 billion expected Block, formerly known as Square, posted $2.23 billion in … Read more

Here’s what he told them.

Here’s what he told them.

Former President and 2024 Republican presidential candidate Donald Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference in Nashville, Tennessee on July 27, 2024. Jon Cherry | Getty Images News | Getty Images NASHVILLE — On Saturday morning at around 11:00 A.M. at the world’s biggest bitcoin conference … Read more

AI-powered financial advisor has $20 billion in assets

AI-powered financial advisor has  billion in assets

AI-generated responses are becoming more common, whether travelers know or not. Westend61 | Getty Images An automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive artificial intelligence could be for the wealth management industry. The service has added more than 22,000 users since its launch … Read more

Donald Trump headlines Bitcoin 2024, after a U-turn on crypto

Donald Trump headlines Bitcoin 2024, after a U-turn on crypto

Republican presidential nominee and former U.S. President Donald Trump walks off stage after speaking at a campaign rally at the Van Andel Arena in Grand Rapids, Michigan, on July 20, 2024. Anna Moneymaker | Getty Images NASHVILLE — Former president Donald Trump headlines the biggest bitcoin conference of the year on Saturday afternoon, as the race to capture the votes and the … Read more

Trump raises more than $4 million in bitcoin, other cryptocurrencies

Trump raises more than  million in bitcoin, other cryptocurrencies

Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024.  Bill Pugliano | Getty Images News | Getty Images NASHVILLE — Former President Donald Trump is headed to Tennessee this weekend to deliver a keynote address at a major bitcoin conference. … Read more

Grayscale tries to hold lead in ether ETF battle

Grayscale tries to hold lead in ether ETF battle

Representation of cryptocurrency and Gayscale logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images For crypto firm Grayscale, it’s deja vu in the ETF market. On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network, allowing … Read more

Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree

Trump Bitcoin Conference fundraiser tickets top out at 4,600 for Nashville soiree

Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024.  Shannon Stapleton | Reuters Former President Donald Trump will headline a campaign fundraiser in Nashville on the sidelines of the Bitcoin Conference, where the top ticket is going for $844,600 per person. According to an … Read more

Texas miners leave crypto for next new wave

Texas miners leave crypto for next new wave

Cattle graze at the Buffalo Gap Wind Power project in Taylor and Nolan counties just south of Abilene, Texas. Robert Daemmrich | Corbis | Getty Images Just off of Interstate 20, in the heart of West Texas, is a town of 125,000 people called Abilene. Once a stopping point along a cross-country cattle trail in … Read more