Kraken decries crypto de-banking amid Metro Bank ban
Metro is one of several U.K. lenders to impose a bar or limit on deposits into crypto exchanges. A Metro Bank spokesperson says the thrust is to curb fraud.
Losses from crypto hacks jump to $2.2 billion in 2024, report says
Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The rise in crypto heists comes as bitcoin jumped 140% this year to surpass $100,000 mark, drawing institutional participation and backing from U.S. President-elect Donald Trump. "As the digital asset market booms, it is typical to see the illicit use of crypto grow in tandem," Chainalysis' cybercrimes research lead Eric Jardine said.
Bitcoin Miners Are Expected to be Profitable in December, Jefferies Says
November was a strong month for the miners as the rally in bitcoin outpaced the rise in the network hashrate, the report said.
Big year of central bank easing wraps up with dovish BoE, Fed caution
The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday, a day after the Federal Reserve eased policy but suggested it would be more cautious in 2025. The Swiss National Bank, which has been at the forefront of monetary easing, cut rates by an unexpectedly large 50 basis points (bps) to 0.5% last week, the lowest since November 2022 and the bank's biggest reduction in almost a decade. It indicated further easing would be gradual after annual inflation accelerated to 2%, but with Canada's weak economy threatened by U.S. President-elect Donald Trump's proposed tariffs, markets placed 50% odds on a 25-bps cut next month.
Stocks Gain Pre-Bell as Traders Digest Fed Rate Cut; Asia, Europe Down
The benchmark US stock measures were pointing higher before the opening bell Thursday as traders dig
These 2 Cryptocurrencies Could Skyrocket in 2025
Bitcoin may be up 145% this year, but it's hardly alone. Should you stick to Bitcoin, or is it time to look for other cryptocurrencies that could skyrocket even higher next year? If you're looking for a Bitcoin alternative, two of my favorites right now are XRP (CRYPTO: XRP), which is up 283% this year, and Sui (CRYPTO: SUI), which is up a staggering 497%.
Analysts overhaul Micron stock price targets after earnings, outlook
Micron shares have lost nearly a third of their value since printing a record high close in June.
Brian Moynihan is settling in to outlast Jamie Dimon on Wall Street
Bank of America's share price sits at $43.50 at the time of writing. Brian Moynihan wants to still be in the corner office when it hits $100.
KKR Says FX Volatility Could Be Market’s ‘Achilles Heel’ in 2025
(Bloomberg) -- KKR & Co. is warning that a volatile currency market could be an “Achilles heel” for investors in 2025, as growing deficits and the threat of trade wars may disrupt a bull market that it says still has room to run.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe alternative asset manager said it’s monitoring the dollar and emerging-market currencies heading into the new year,