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Billionaire investor Tim Draper is hoping to have a fund focused entirely on crypto “in the next five years.” “I raise it completely in Bitcoin, I invest it in entrepreneurs in Bitcoin, all of them pay their employees and suppliers all in Bitcoin,” he said while speaking at the Financial Times Digital Assets Summit. Draper said that the fund would run on a smart contract in order to collect tax automatically. He said, “The blockchain keeps perfect records, and my friction items — my accounting, my legal, my auditing, my bookkeeping—all go to zero, or very close to zero.” Well-known for…

In financial markets, making assumptions based on short-term observations is a fool’s errand, as significant trends develop over months and years, not days or weeks. But as investors evaluate bitcoin’s role in their portfolios, the events of April are worth analyzing in order to understand the asset’s emerging reputation as a store of value. Backdrop of volatility The turbulence sparked by President Trump’s tariffs announcement on April 2 sent stock prices plummeting the following day, with the Nasdaq 100 and S&P 500 falling 4.8% and 5.4%, respectively. Bitcoin followed suit as the VIX Volatility Index hit levels not seen since…

Jack Mallers’ bitcoin (BTC) payments app Strike is set to move into the BTC lending business. Strike plans to offer users a means of borrowing fiat while continuing to HODL bitcoin, Mallers wrote in a post on X on Wednesday. “You shouldn’t have to sell the best-performing asset in human history to access cash. Now you don’t have to,” he wrote. Strike Lending will initially be available in select regions of the U.S. with plans for international expansion. “If bitcoin continues to grow faster than your borrowing costs, your asset appreciates faster than your debt. In other words, the gains…

Bhutan, the South Asian country located in the Himalayan region, has partnered with Binance Pay and the country’s fully digital DK Bank to launch a national-level crypto payment system for tourism. The partnership marks the first time a tourism product has accepted cryptocurrency at a national level. Tourists can avail a range of tourism services, including flight and hotel tickets, visa and Sustainable Development Fee (SDF) fees, monument entry fees, and local shopping, using Binance Pay via static and dynamic QR code payments. More than 100 merchants in Bhutan are now live with Binance Pay and DK Bank. The service…

There’s no longer any question: President Donald Trump and his family are profiting from cryptocurrency ventures while he holds the highest office in the country. The numbers speak for themselves. The Trump family’s net worth has ballooned by $2.9 billion in just six months, with nearly 40% of that now tied to crypto assets. These include meme coins like $TRUMP and $MELANIA and a controlling stake in World Liberty Financial (WLF), a decentralized exchange launched during his second run for office. The ethical red flags are hard to miss. WLF has received a $2 billion boost from an Emirati-backed investment…

Kate_sept2004 | E+ | Getty ImagesAs investors worry about future inflation amid President Donald Trump’s tariff policy, some experts say assets like Series I bonds could help hedge against rising prices.  Currently, newly purchased I bonds pay 3.98% annual interest through October 31, which is up from the 3.11% yield offered the previous six months. Tied to inflation, the I bond rate adjusts twice yearly in part based on the consumer price index.Certified financial planner Nathan Sebesta, owner of Access Wealth Strategies in Artesia, New Mexico, said there’s been a “noticeable uptick” in client interest for assets like I bonds and Treasury inflation-protected securities. “While…

Bitcoin’s volatility has been a constant theme this year, led by trade war uncertainties. The cryptocurrency started the year with a 15% gain, after which it reversed course in late January, falling around 26% by early March. However, after a volatile March-April month, Bitcoin regained momentum, rallying strongly and posting a 23% gain up to the first week of May. The fundamental drivers of digital currencies are expected to remain robust and support the anticipated stability ahead. Growing institutional adoption, forecasts of a weakening greenback and a favorable macroeconomic backdrop pave the way for a highly optimistic future for the…

When the Fed hiked rates in 2022 and 2023, the interest rates on most consumer loans quickly followed suit. Even though the central bank lowered its benchmark rate three times in 2024, those consumer rates are still elevated, and are mostly staying high, for now.Five ways the Fed affects your wallet1. Credit cardsMany credit cards have a variable rate, so there’s a direct connection to the Fed’s benchmark.With a rate cut likely postponed until July, the average credit card annual percentage rate has stayed just over 20% this year, according to Bankrate — not far from 2024’s all-time high. Last year, banks raised credit card interest rates…

By Francisco Rodrigues (All times ET unless indicated otherwise) It’s Federal Open Market Committee day in the U.S., and while there’s little expectation of a change in interest rates, the market’s attention will be focused on Federal Reserve Chair Jerome Powell’s comments at the FOMC’s press conference. The CME’s FedWatch tool is pointing to a 97.6% chance of rates remaining unchanged and Polymarket traders are weighing a 98.3% chance, so it’s the outlook that will take center stage. Spanish bank Bankinter said in a note that a potential rally attempt for risk assets would for now be “naive,” pointing to…

GUANGZHOU, CHINA – APRIL 30: Passengers have their body temperature measured before taking a WeRide … More L4 autonomous driving bus on April 30, 2022 in Guangzhou, Guangdong Province of China. Passengers can experience the driverless bus line in Guangzhou, which opens for a test ride from Saturday. (Photo by Chen Jimin/China News Service via Getty Images)China News Service via Getty Images Updated, May 7, 2025: This post has been adjusted to include information from Uber’s Q1 2025 earnings report. Shares in WeRide, a China-based autonomous vehicle technology provider, popped 40% Tuesday, according to Google Finance. Why? The $2.6 billion…