Latest news with #FLD
Yahoo
28-05-2025
- Business
- Yahoo
Bitcoin Platform Mezo Debuts Mainnet to Build Circular BTC Economy
Blockchain venture studio Thesis, which is backed by Pantera Capital and Hack VC, has debuted its Bitcoin layer-2 network Mezo's mainnet. Mezo is built to be Bitcoin finance platform that enables its users to unlock practical utility in BTC and thus become their own bank, according to an emailed announcement shared with CoinDesk. The project debuted its testnet last year following a $21 million fundraising round led by Pantera. Users can use their BTC as collateral to mint and spend Mezo's native stablecoin MUSD, this creating a circular economy powered by BTC. An ongoing barrier to wider bitcoin adoption is the reticence users have to sell or spend it, which may be out of concern for losing value tied up in their holdings. This, amongst many other reasons, can explain why bitcoin has yet to fully prove itself as a form of money beyond being a store of value. "Holders haven't had many options to actually use their bitcoin without giving it up," CEO of Thesis, Matt Luongo, said. "With [Mezo}, I can park my BTC, access a credit line and live my life. This is what being your own bank was always meant to look like. It finally lets HODLers have their cake and eat it too." Mezo has teamed up with numerous crypto platforms that provide use cases such as e-commerce store Bitrefill, which offers gifts cards for MUSD, and BTC finance app Fold (FLD), which offers a cashback debit card and provides bitcoin rewards.
Jordan Times
30-04-2025
- Jordan Times
Suspect in Zarqa murder case detained pending investigation
AMMAN — The Criminal Court prosecutor on Wednesday began questioning an Arab national who allegedly murdered a man in Zarqa a day earlier, official sources said. The victim was found stabbed to death at his home in Zarqa on Tuesday night, Police Spokesperson Lt. Col. Amer Sartawi said. 'An investigation team was tasked with investigating the incident and concluded that the suspect was the perpetrator who vanished shortly after the body was discovered,' Sartawi told The Jordan Times. The investigation team was able to pinpoint the whereabouts of the suspect and arrested him without any major incident, the police official added. 'Officers found a sharp object and some of the victim's belongings with the suspect,' Sartawi added. In his initial confessions, the suspect stated that 'he murdered the victim following a heated argument,' according to Sartawi. The sharp object was sent to the Forensic and Laboratories Department (FLD) for further examination, a second source told The Jordan Times. Blood and tissue samples taken from the victim were also sent to the FLD for further analysis, according to the second source. The Criminal Court prosecutor ordered that the suspect be detained at a correctional and rehabilitation facility for 15 days pending further investigations, the second source added. Investigations are ongoing in the case, Sartawi added.
Yahoo
11-03-2025
- Business
- Yahoo
Why Fold Holdings, Inc. Class A Common Stock (FLD) Soared Last Week
We recently compiled a list of the . In this article, we are going to take a look at where Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD) stands against the other stocks. Micro- and small-cap companies dominated the stock market last week, clocking in impressive gains on the back of a flurry of catalysts that boosted investing appetite. We named last week's top 10 performers that outperformed the Russell 2000 index, which dropped by 4.04 percent week-on-week. Among them, one firm particularly stood out with its outstanding 317-percent jump, thanks to a $1-billion deal that could fuel its growth prospects. To come up with the list, we considered the stocks with the highest week-on-week change, comparing their share prices on March 7 and February 28. We classified micro-cap companies as those with a market capitalization below $300 million and small-cap firms as those with a market capitalization below $2 billion. A close-up of a laptop with a Bitcoin ecosystem monitor running in the background. Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD) grew its share price by 44 percent week-on-week to end Friday's trading at $7.58 apiece versus the $5.26 finish on February 28 following news that it hiked its Bitcoin ownership by 475. Following the purchase, Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD)'s total Bitcoin ownership now stands at 1,485. According to Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD), it financed its new acquisition through the issuance of convertible notes at a 100-percent premium with a conversion price of $12.50 per share. Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD) CEO Will Reeves also said that Bitcoin will play a huge role in the foundation of a new financial era, which FLD promised to support moving forward. Reeves emphasized that Bitcoin's corporate treasury serves a dual purpose by providing value to investors seeking Bitcoin exposure while also functioning as a strategic reserve to support its Bitcoin-native financial products. Overall FLD ranks 9th on our list of last week's top performers. While we acknowledge the potential of FLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLD but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
09-03-2025
- Business
- Yahoo
Why Fold Holdings, Inc. Class A Common Stock (FLD) Soared Last Week
We recently compiled a list of the . In this article, we are going to take a look at where Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD) stands against the other stocks. Micro- and small-cap companies dominated the stock market last week, clocking in impressive gains on the back of a flurry of catalysts that boosted investing appetite. We named last week's top 10 performers that outperformed the Russell 2000 index, which dropped by 4.04 percent week-on-week. Among them, one firm particularly stood out with its outstanding 317-percent jump, thanks to a $1-billion deal that could fuel its growth prospects. To come up with the list, we considered the stocks with the highest week-on-week change, comparing their share prices on March 7 and February 28. We classified micro-cap companies as those with a market capitalization below $300 million and small-cap firms as those with a market capitalization below $2 billion. A close-up of a laptop with a Bitcoin ecosystem monitor running in the background. Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD) grew its share price by 44 percent week-on-week to end Friday's trading at $7.58 apiece versus the $5.26 finish on February 28 following news that it hiked its Bitcoin ownership by 475. Following the purchase, Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD)'s total Bitcoin ownership now stands at 1,485. According to Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD), it financed its new acquisition through the issuance of convertible notes at a 100-percent premium with a conversion price of $12.50 per share. Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD) CEO Will Reeves also said that Bitcoin will play a huge role in the foundation of a new financial era, which FLD promised to support moving forward. Reeves emphasized that Bitcoin's corporate treasury serves a dual purpose by providing value to investors seeking Bitcoin exposure while also functioning as a strategic reserve to support its Bitcoin-native financial products. Overall FLD ranks 9th on our list of last week's top performers. While we acknowledge the potential of FLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLD but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
