Hacking bitcoin wallets with quantum computers could happen – but cryptographers are racing to build a workaround
Stefan Thomas really could have used a quantum computer this year. The German-born programmer and crypto trader forgot the password…
Day: June 10, 2021
This small 401(k) provider wants to bring cryptocurrency to Americans’ retirement funds
Financial services for cryptocurrency holders have been growing as a subset of the fintech industry for years. Now, crypto 401(k)s…
What’s really behind the bitcoin decline and why it could take the cryptocurrency as low as $20,000
The price of bitcoin fell about 10% Tuesday to around $32,000 and is on pace for its third straight day of losses,…
CNBC’s Halftime Report traders answer your questions on Shake Shack, Moderna and DraftKings
CNBC’s “Halftime Report” traders answered questions from CNBC Pro subscribers, including how the economic reopening will affect Shake Shack, whether to hold…
Apple announcements at WWDC show augmented reality is still its ‘next big thing’
Apple released several new augmented reality tools and technologies for software makers during its annual WWDC conference this week. These…
Digital payments giant Stripe launches new software to simplify how companies work out sales taxes
LONDON — Stripe on Thursday debuted a new product that it says will make it easier for businesses to calculate…
Warren Buffett’s Berkshire Hathaway makes $500 million investment in Brazilian digital bank
Warren Buffett’s Berkshire Hathaway made a $500 million investment in the parent company of Nubank, a privately held digital bank based in…
Chinese ride-sharing giant Didi files to go public, earned a small profit last quarter on $6.4 billion in revenue
Chinese ride-hailing giant Didi Chuxing on Thursday filed to go public in what could be one of the largest tech IPOs of…
Apple hires BMW veteran in latest sign of electric car push
Apple has hired Ulrich Kranz, a former senior executive at BMW who focused on electric cars, Apple confirmed to CNBC’s Phil LeBeau on…
Zoom and Salesforce make quick $23 million profit after IPO of Israeli software vendor Monday.com
In Zoom’s IPO two years ago, Salesforce made a bundle by investing $100 million at the offer price and watching the stock soar out of the…
Goldman tells clients to get the best of both worlds with these growth stocks at a reasonable price
With value stocks now outperforming growth stocks, Goldman Sachs recommends a strategy that captures the best of both worlds: growth…
Here’s why Art Cashin says the S&P 500′s move to a new record may be ‘slightly suspect’
The S&P 500 hit an all-time high early Thursday, but longtime trader Art Cashin told CNBC he’s taking a wait-and-see approach before determining whether stocks…
Reddit Co-Founder Says Meme Stocks’ Moniker ‘Charming’ But Momentum Investing Isn’t New
Reddit co-founder Alexis Ohanian told CNBC on Thursday that the meme stock frenzy — which traces its roots to the online forum…
World’s Richest Face Tax Squeeze After 40% Run-Up In Fortunes
Amazon.com Inc. founder Jeff Bezos has the resources to launch himself into space. Elon Musk does, too. In many ways,…
Central Bank Of Nigeria Issues New Framework For Payment System Providers
On 9th December 2020, the Central Bank of Nigeria (CBN) the Central Bank of Nigeria (CBN) issued a circular on “New…
Dollar Hovers Above 5-Month Low, FX Volatility Drops Further Ahead Of ECB, U.S. Inflation Data
The dollar hovered above a five-month low versus major peers on Thursday as investors looked to U.S. inflation The dollar…
Nigeria Taps StanChart To Replace China Loans For Rail Projects
Nigeria’s government is in talks with Standard Chartered Plc about arranging funding for two rail projects expected to cost as…
Asian Currencies Inch Higher Ahead Of U.S. Inflation Data
Asia’s emerging market currencies crawled higher on Thursday as investors awaited a crucial U.S. inflation report due later in the…
China’s Central Bank Governor Sees Inflation Below Target
China’s central bank Governor Yi Gang said consumer inflation is expected to stay under 2% this year, below the government’s…
Inflation, Hunger Loom Over Fresh Strike By Food Sellers
The Amalgamated Union of Food Stuff and Cattle Dealers of Nigeria (AFUCDN) has threatened to cut the supply of foodstuff…
Story From Markets Bitcoin Peeps Above $38K On Basel News
Bitcoin hit highs above $38,000 on Thursday after the Basel Committee’s proposal gave banks a green light to hold the…
Buhari Defends $1.9bn Nigeria-Niger Republic Railway Project
The President, Major General Muhammadu Buhari (retd.), has defended his decision to construct railways and roads extending into Niger Republic.…
ECB To Keep Money Taps Wide Open Even As Recovery Takes Hold
The European Central Bank is all but certain to maintain a generous flow of stimulus when policymakers meet on Thursday,…
Trade Between Nigeria, South Africa Hits $2.9b In 2020
Nigeria’s mission in South Africa issues 10,341 passports in 15 months Despite concerns about xenophobia between Nigeria and South Africa, bilateral…
Nigeria Now Wants Twitter, Others Registered Before Talks On Ban
Nigeria has gone a step further in its logjam with microblogging platform Twitter, insisting there will be no dialogue until…
Emefiele: Local, Foreign Banks Invested $10b In Dangote Refinery
Nigerian banks and their foreign counterparts invested between $9 billion and $10 billion in the Dangote Refinery, Fertilizer Plant and…
Nigeria To Borrow $1.76 Bln For Security Spending –FinMin
Nigeria plans to borrow 722.53 billion naira ($1.76 billion) from domestic capital markets for additional security spending, Finance Minister Zainab…
Reps Direct CBN To Urgently Check Further Devaluation Of Naira
The House of Representatives on Wednesday directed the Central Bank of Nigeria (CBN) to urgently put in place a policy…
Canada FX Debt-Canadian Dollar Slips As Greenback Broadly Gains Ground
The Canadian dollar fell against its broadly stronger U.S. counterpart on Tuesday, but stayed within its recent trading range as…
BDC Directors Pledge Support For Exchange Rate Stability
Bureaux De Change (BDC) directors have reiterated their commitment to ensuring stable exchange rate in the country. This was part…