Latest news with #digitaltoken
Yahoo
22-05-2025
- Business
- Yahoo
Bitcoin Price Sets New Intraday Record
The price of bitcoin rose to a fresh peak near $112,000, extending a recent rally. The digital token rose as high as $111,875 in overnight trading, according to the CoinDesk Bitcoin Price Index. It had set new records for both end-of-day and intraday levels on Wednesday.
Wall Street Journal
21-05-2025
- Business
- Wall Street Journal
SEC Sues Crypto Startup Unicoin and Its Executives for Fraud
The Securities and Exchange Commission sued Unicoin, a flashy crypto startup, alleging that the company and its executives misled investors while raising more than $100 million to launch a digital token that it touted as safe, stable and backed by real-world assets such as land in Antigua and the Bahamas. The lawsuit, filed late Tuesday, is one of the SEC's first major enforcement actions taken against a crypto firm since President Trump—a supporter of the digital-currency industry—took office. Representatives of Unicoin didn't immediately respond to requests for comment.
Bloomberg
13-05-2025
- Business
- Bloomberg
Thailand to Issue $150 Milllion in Government Investment Tokens
Thailand's Finance Ministry plans to issue 5 billion baht (about $150 million) worth of a new digital investment token within two months, Finance Minister Pichai Chunhavajira said at a Tuesday briefing after the initiative was endorsed by the cabinet. The so-called G-Token is a digital token used to raise funds from the public under the current budget borrowing plan, although it isn't a debt instrument, Public Debt Management Office Director-General Patchara Anuntasilpa said at the briefing.
Bloomberg
09-05-2025
- Business
- Bloomberg
Ether Surges 30% in Best Week Since 2021 as Trade Tensions Ease
Ether led a broad cryptocurrency rally this week, heading for its strongest gains since 2021, bolstered by easing global trade tensions and optimism over a network upgrade. The second-largest digital token by market value jumped as much as 14% on Friday to $2,490, extending its weekly advance to nearly 33%. That marks its steepest weekly gain since 2021, when speculative excesses and low interest rates fueled the pandemic-era crypto boom.
