Bitcoin has an energy problem

New York (CNN Business)Dogecoin is the hottest, quirkiest cryptocurrency on the planet. The total value of the dogecoins in circulation is nearly $50 billion — not bad for a digital currency that started as a joke. It is the No. 5 most-valuable cryptocurrency on the market, according to CoinMarketCap, having increased more than 6,000% this […]

European markets inch cautiously higher, tracking global sentiment

Hopes of a swift global economic recovery were boosted Thursday by data showing U.S. retail sales jumped 9.8% in March, outstripping consensus expectations as additional stimulus sent consumer spending soaring. European investors will have an eye on final euro area inflation figures for March, due for release at 10 a.m. London time, along with February's balance […]

Kevin Durant scores huge return on Coinbase investment

Coinbase IPO ‘monumental moment for the crypto ecosystem’: Blockchain expert Kristin Smith, executive director of the Blockchain Association, weighs in on the Coinbase IPO and cryptocurrencies.   Kevin Durant sat out Wednesday night — as his bank account soared. COINBASE BACKERS INCLUDE MARC ANDREESSEN, RAPPER NAS On Wednesday, the Nets star saw his Coinbase investment pay off […]

Elon Musk's SpaceX raises $1.16B in equity financing

Pindel Global and SpaceX partner to build ventilators amid COVID Connell McShane on businesses pivoting Elon Musk's SpaceX has raised roughly $1.16 billion in equity funding, according to an amended filing with the Securities and Exchange Commission. FORMER SPACEX EXEC VYING TO BECOME ‘HENRY FORD OF SPACE’ RAISES $5M TO MASS PRODUCE ROCKETS The filing […]

Stock futures inch higher after S&P 500 retreats from record

Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session Wednesday evening after the S&P 500 retreated from record levels during the regular session. Contracts tied to the Dow added 50 points, while those pegged to the S&P 500 rose about 0.2%. Nasdaq 100 futures advanced a […]

Bitcoin reaches record high ahead of Coinbase IPO

More mainstream companies are adopting Bitcoin The ‘Barron’s Roundtable’ panel share their thoughts on next week’s expected Coinbase IPO Bitcoin on Tuesday soared to a new record-high value of $63,200 as the cryptocurrency exchange platform Coinbase prepares to launch an initial public offering Wednesday. Coinbase, which may have a valuation of more than $100 billion, will be the first company […]

What Biden pledged to do about the climate crisis

London (CNN Business)New Zealand is set to consider legislation that would require banks, insurers and asset managers to disclose the impacts of climate change on their businesses as the country tries to slash its carbon emissions. The government said in a statement Tuesday that the bill is the first of its kind to be proposed […]