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Rivian Churned Out a Gross Profit in Q4 But Tepid Guidance Sours Mood
Rivian (NYSE: RIVN) released its Q4 earnings last week and while the electric vehicle (EV) startup posted better-than-expected numbers for the quarter and churned out a gross profit as promised, its 2025 delivery guidance spooked investors and the stock closed... -
Bybit Hack: $1.4 Billion Stolen Funds May Be Laundered Through Crypto Mixers
In a significant security breach, cryptocurrency exchange Bybit suffered a loss of approximately $1.4 billion in digital assets on February 21, 2025. The Bybit hack, now considered the largest crypto heist to date, has been linked to North Korea's notorious... -
China Urges US to Halt Trade Weaponization: Will Tensions Ease?
China demands US stop weaponizing trade, accuses Washington of using trade to serve national security agenda. Liu Pengyu, spokesperson for Chinese Embassy in the US, says this goes against the principles of fair competition and free trade that the US... -
Michael Saylor Advocates for U.S. Acquisition of 20% of Bitcoin Supply
Michael Saylor, founder of Strategy, formerly MicroStrategy, proposed that the U.S. acquire a significant Bitcoin reserve, specifically 20% of the total Bitcoin supply. Michael Saylor's Proposal for a U.S. Bitcoin Reserve Speaking at the Conservative Political Action Conference (CPAC) in... -
Brazil Approves First Spot XRP ETF Amidst Ripple’s Expanding Influence
On February 19, Brazilian regulator approved the inaugural spot XRP ETF. This approval positions Brazil as a leader in Latin America's cryptocurrency investment landscape. Brazilian Regulator Approves Spot XRP ETF Brazil's securities authority, the Comissão de Valores Mobiliários (CVM) authorized... -
Nikola Files for Bankruptcy as Another EV Maker Bites the Dust
Ending weeks of rumors, Nikola (NYSE: NKLA) has filed for a Chapter 11 bankruptcy to join the long and growing list of electric vehicle (EV) and green energy companies going out of business. NKLA is trading sharply lower in premarkets... -
Norwegian Authorities Charge Four in $80 Million Cryptocurrency Fraud
Norwegian authorities have charged four men with orchestrating a cryptocurrency fraud scheme that defrauded thousands of investors worldwide of over 900 million Norwegian kroner (approximately $80 million). Money Laundering Through Legal Channels The National Authority for Investigation and Prosecution of... -
European Regulator Proposes MiCA Guidelines for Crypto Regulation
The European Securities and Markets Authority (ESMA) has released proposed guidelines under the Markets in Crypto-Assets Regulation (MiCA) to ensure staff at crypto asset service providers possess adequate knowledge and competence in crypto regulation. Enhancing Staff Competence in the Crypto... -
Ray Dalio’s Bridgewater Bought Tesla in Q4 While Cutting Other ‘Magnificent 7’ Peers
The 13F filings of Bridgewater Associates, the hedge fund founded by Ray Dalio, showed that it built a new position in Tesla (NYSE: TSLA) last quarter while trimming stakes in other Magnificent 7 peers. Notably, Tesla shares rallied sharply in... -
Argentine President Faces Legal Action Over LIBRA Cryptocurrency Promotion
Argentine President Javier Milei is under legal scrutiny after he endorsed the LIBRA cryptocurrency, which surged in value before collapsing. Fraud Allegations Against Milei On February 14, Milei promoted LIBRA on social media, leading to a rapid increase in its...
