Mastercard is acquiring BVNK, a stablecoin infrastructure firm, for up to $1.8 billion. The acquisition aims to integrate stablecoin and blockchain payment capabilities into Mastercard’s global network. Mastercard Inc. has reached a definitive agreement to acquire BVNK, a London‑based stablecoin infrastructure and payments platform, in a deal valued at up to $1.8 billion, expanding its digital assets […]
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The South African rand has staged a strong comeback this week after the US and Iran’s ceasefire agreement that may ultimately lead to lower oil prices in the country. The USD/ZAR exchange rate plunged to 16.40, down sharply from the year-to-date high of 17.23. South African rand gained ahead of ceasefire talks The South African […]
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Tesla is moving closer to completing the design of its next-generation AI5 chip and has already begun development work on its AI6 processor, CEO Elon Musk said Sunday in a post on X. The update marks the company’s most detailed assessment yet of its long-term chip roadmap as it leans deeper into artificial intelligence and […]
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Spot crypto exchange-traded funds (ETFs) recorded continued net outflows on March 30, extending the negative trend observed in late March and signaling persistent caution among institutional investors. Market estimates indicate that U.S.-listed Bitcoin ETFs saw net outflows in the range of approximately $100 million to $200 million during the session, following consecutive days of heavier […]
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U.S. lawmakers have introduced new legislation aimed at localizing Bitcoin mining operations within the United States, marking a shift toward a more strategic approach to digital asset infrastructure. The proposed bill, titled the “Mined in America Act,” seeks to expand domestic mining capacity while reducing reliance on foreign supply chains. The legislation, introduced by Senators […]
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The XRP price has moved into a bull market after rising by over 24% from its lowest point this month. It has risen in the last three consecutive days and is now hovering at its highest level in a week. This rebound happened after the successful launch of the Grayscale XRP ETF on Monday. XRP […]
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The Nigerian naira has done relatively well this year, despite the recent sell-off in emerging markets currencies amid the US war against Iran. The USD/NGN exchange rate dropped to 1,358 on April 10, down by 20% from its highest point in 2024. Why the Nigerian naira has soared There are at least three main reasons […]
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What Do the Latest Bitcoin Transfers Show? An early bitcoin holder has moved another 500 BTC, worth about $33 million at the time of the transaction, to Binance, continuing a pattern of gradual distribution from a wallet dating back more than a decade. The same address sent 5,000 BTC to exchanges the previous week, according […]
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Plug Power stock price has held steady in the past few weeks as investors reacted to the recent financial results, which showed that its business was doing well. PLUG, a top player in the hydrogen energy industry, was trading at $2.30 on Wednesday, up by 35% from its lowest level this year. This recovery may […]
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Li Lu may not be a household name for retail investors, but in the halls of Berkshire Hathaway, he is revered. Born in China and shaped by the 1989 student protests, Lu eventually found his calling at Columbia University after hearing a lecture by Warren Buffett. His investment firm, Himalaya Capital, now manages $3.5 billion […]
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