Articles
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1 week ago |
cryptopolitan.com | Florence Muchai
BlackRock is reportedly set to spend a huge amount to purchase shares in the upcoming IPO of Circle Internet Financial Ltd. According to sources, the organization plans to acquire about 10% of the shares. BlackRock already has a relationship with Circle because it runs the Circle Reserve Fund. It is in charge of the government money market fund, which holds 90% of the savings that support the USDC stablecoin. The fund had nearly $30 billion in net assets at the end of April 30, 2024.
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1 week ago |
cryptopolitan.com | Florence Muchai
The US Department of Labor reversed an earlier guidance that discouraged retirement managers from considering crypto as an investment option in 401(k) plans. Now, the US Secretary of Labor said fiduciaries, “not DC bureaucrats, should make investment decisions.”“The Biden administration’s Department of labor made a choice to put their thumb on the scale,” Chavez-DeRemer said in a statement on Wednesday.
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1 week ago |
cryptopolitan.com | Florence Muchai
A federal judge on Tuesday allowed a coalition of 14 states to proceed with a lawsuit against Elon Musk over his leadership of the Department of Government Efficiency (DOGE), a spending reform effort under President Donald Trump.
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1 week ago |
cryptopolitan.com | Florence Muchai
Encrypted messaging platform Telegram is set to raise at least $1.5 billion through a bond issuance this week. The social app is looking to attract financial firms against the backdrop of legal troubles facing its founder and CEO Pavel Durov in France, according to a Wednesday Wall Street Journal exclusive, citing individuals familiar with the deal.
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1 week ago |
cryptopolitan.com | Florence Muchai
Christine Lagarde, president of the European Central Bank (ECB), has been considering stepping down from her post ahead of schedule to take over as chair of the World Economic Forum (WEF), according to Klaus Schwab, the WEF’s founder and former chairman. The discussions, which have been ongoing for several years, were confirmed by Schwab in an interview with the Financial Times. He said he visited Lagarde in Frankfurt in early April to discuss the WEF leadership transition.
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RT @wassielawyer: Holy shit looks like that son of a bitch @elonmusk really saved democracy as a casual side quest between playing Diablo 4…
Explosives have just been found in a car outside of Trump’s rally location. Let me guess.. It's Iran again??? FFS
Today's electronic device explosions in Lebanon have caused car and apartment fires. Where are we headed as a world? Israel's Mossad at its worst. God have Mercy on this generation. #ChristisKing https://t.co/BlNc0p8Qb9