Exclusive: Portal Ventures raises oversubscribed $75 million crypto fund backed by Chris Dixon and Marc Andreessen
The pre-seed venture firm is deploying capital as the blockchain industry comes roaring back.
First Mover Americas: Bitcoin Trades Around $91K as ETF Inflows Remain Strong
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Can XRP Become a Trillion-Dollar Cryptocurrency by 2040?
There is only one cryptocurrency in this exclusive club right now.
This Cryptocurrency May Be Down 73%, but It Has Explosive Long-Term Potential
Chainlink could be ready for a comeback, thanks to its growing role in two emerging trends in the blockchain world.
Polymarket founder awakes to find Feds raiding his New York home—his company blasts it as ‘obvious political retribution’ for predicting Trump win
Shayne Coplan makes light of the Kafkaesque early morning search and seizure after the 26-year-old's mobile is confiscated: “New phone, who dis?”
Bitcoin Briefly Tops $93,000 on Trump Agenda, Fed Policy Outlook
(Bloomberg) -- Bitcoin spiked above $93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve added to the impetus from President-elect Donald Trump’s pro-crypto stance.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsNYC Conges
Top Federal Reserve official defends central bank's independence in wake of Trump win
A Federal Reserve official gave a lengthy defense of the central bank's political independence Thursday, just days after former President Donald Trump, an outspoken Fed critic, won re-election. “It has been widely recognized — and is a finding of economic research — that central bank independence is fundamental to achieving good policy and good economic outcomes,” Adriana Kugler, one of the seven members of the Fed's governing board, said in prepared remarks for an economic conference in Montevideo, Uruguay. Kugler added that the research in particular finds that greater independence for central banks in advanced economies is related to lower inflation.
U.S. ETF Inflows Hit $4.7B Over 6 Days as Bitcoin Becomes 7th-Largest Asset in the World
Bitcoin dominance continues its uptrend and hits new highs as ETF inflows soar.
Morning bid: A twist in the U.S.'s inflation tale?
The dollar is forging ahead again, heading for its biggest week-on-week gain since September last year, up 2.37% since last Thursday, while Wall Street looks set to open modestly higher thanks to what for now looks like win-win inflation numbers. Wednesday's data showed consumer price pressures remain stubbornly above the Federal Reserve's target rate of 2%. At the same time, the dollar has surged to a one-year high against a basket of currencies on the 'best-of-both worlds' premise that U.S. growth will benefit from a looser fiscal regime, even as inflation rises.
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says
(Bloomberg) -- Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion