Close

Money Talk

Financial news

Singer Akon is raising $6B to build a real-life Wakanda straight out of the movie ‘Black Panther’

[The Hill] Local community members are wary. Story at a glance The Senagalese American singer Akon has proposed a $6 billion project to build a futuristic city. The site is in the middle of Ngueniene, a municipality containing several villages in Senegal. Several local leaders have expressed uncertainty over the […]

Read More

‘There is no emergency,’ say crypto firms as US plans new ownership disclosure rules

[Business Insider, Getty Images] Coinbase, Kraken, and other cryptocurrency exchanges are pushing back against a US Treasury Dept. proposal that would require them to log personal details about the people who use cryptocurrency. Under the proposal, crypto companies would have to record and report crypto transactions above $10,000, just as […]

Read More

Stock futures flat after Trump calls Covid stimulus bill unsuitable

[CNBC] U.S. stock futures stood little changed in early morning trading on Wednesday, largely recovering from earlier declines after President Donald Trump expressed concerns about the new Covid-19 relief package which could delay the deployment of funds to struggling Americans. Dow futures were 5 points higher. S&P 500 futures and […]

Read More

XRP Price Crashes By 8% After Flare Network Airdrops Free Crypto

[Decrypt, Shutterstock] XRP’s price fell by 8% today, just hours after the Flare Network worked out which addresses it shall credit with free Spark tokens. The price of XRP, the third-largest cryptocurrency by market cap, has crashed following a huge airdrop that will credit all XRP holders who hold funds in participating exchanges and wallets with free cryptocurrency.  […]

Read More

Here’s the case for Elon Musk, Warren Buffett and the rest of America’s billionaires sending $3,000 stimulus checks to everybody

[MarketWatch] The 651 billionaires in the U.S. have seen their collective wealth grow by more than $1 trillion over the past nine months “The rich get richer” doesn’t even begin to truly capture what’s been happening across the United States during the coronavirus pandemic. According to Americans for Tax Fairness […]

Read More

Forget Google—Could China Be About To Destroy Bitcoin?

[Forbes, Getty Images] Bitcoin, the world’s biggest and best-known cryptocurrency, uses complex mathematical equations to secure its supply and transactions. Last year, Google sent shock waves through the internet when it announced it had built a quantum computer able to solve formerly impossible mathematical calculations—with some fearing bitcoin could be at […]

Read More