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Business & Finance

Bitcoin hits new record as investors pile into ‘Trump trades’

This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to receive the newsletter every weekday. Explore all of our newsletters here In today’s newsletter: Investors pile into ‘Trump trades’ China’s latest stimulus package disappoints investors How Elon Musk could shape Trump’s presidency Good […]

Technology

As Trump Takes a Victory Lap, the Crypto Faithful Kiss the Ring

On the campaign trail, Trump went out of his way to court their favor. In July, speaking to thousands of bitcoiners at a conference in Nashville, Tennessee, Trump duly sang from the bitcoin hymn sheet, promising to cement the US as the foremost bitcoin mining powerhouse, establish a national “bitcoin stockpile,” and appoint a bitcoin […]

Business & Finance

Coinbase shares fall as muted crypto trading leads to a third-quarter miss

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market. While trading is likely to be more lively in the […]