The Business & Technology Network
Helping Business Interpret and Use Technology
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Feed Items

Bitcoin tumbled back to $106,000 in early Tuesday trading after U.S. President Donald Trump denied claims he was involved in brokering a ceasefire between Iran and Israel, shaking markets that had priced in potential de-escalation. The late-night Truth Social post from Trump, published just before midnight Eastern time, blasted French President Emmanuel Macron and dismissed any truce negotiations...
Investors who added 10% in Bitcoin (BTC) to their “60/40 portfolio” strategies got a 90% risk-adjusted return in the past 12 months, outperforming gold’s 51% return in the same period. On a June 16 post via X, the profile Ecoinometrics highlighted BTC’s performance through June 13 and charted the result against total return. A 60/40 portfolio is a strategy in which investors allocate 60% of the...
The official Pump.fun account and the personal handle of its founder Alon Cohen were seemingly suspended by X on June 16, along with a cohort of other accounts tied to the memecoin sector. As of press time, neither X nor the people behind the suspended accounts explained the reason for the suspensions. Users noticed that the accounts were returning “user not found” errors at approximately 7:30 p....
Bybit launched a new platform on June 16 that allows users to trade gold, forex, stock CFDs, global indices, and commodities directly within its app, a first for any major crypto exchange. The launch of Bybit TradFi expands the company’s offerings beyond digital assets, positioning it as a full-service financial hub aimed at bridging the gap between traditional and emerging markets. According to...
Bitcoin (BTC) reclaimed the $108,000 threshold on June 16 as tensions of war escalating in the Middle East fell after reports surfaced that Iran was open to negotiations with the US and Israel. Bitcoin’s move up regained the price level surrendered on June 12 while markets processed the initial flare-up in Israeli-Iranian hostilities.  The “Bitfinex Alpha” report published on June 16 described...
JPMorgan filed a trademark application for the mark “JPMD,” covering trading, exchange, transfer, and payment services tied to virtual currency, digital tokens, and blockchain-enabled money.  According to reports from June 16, the filing lists electronic fund transfers, real-time token trading, custody services, and secure online financial transactions. The document identifies JPMorgan Chase Bank...
Crypto exchanges Coinbase and Gemini are close to securing regulatory approvals granting them access to operate across the EU, Reuters reported on June 16, citing people familiar with the matter. According to the report, the expectation has intensified tensions among national regulators over the speed and oversight of new licensing under the bloc’s landmark crypto framework. The EU’s Markets in...
Investigators have linked a figure in the $30 million ZKasino alleged scam to a fresh cryptocurrency project branded WhiteRock (WHITE), on-chain analyst ZachXBT reported in a June 16 post on X. WhiteRock surfaced in December 2024 with an anonymous team, overstated user counts, and unverifiable claims about a USDX reserve, researchers at Blokiments wrote in a memo dated June 13. Evidence ZachXBT...
Strategy (formerly known as MicroStrategy) has expanded its Bitcoin holdings by acquiring 10,100 BTC for approximately $1.05 billion. The purchase, disclosed in a June 16 filing with the US Securities and Exchange Commission (SEC), brings the company’s total Bitcoin stash to 592,100 BTC. Notably, this single purchase equals the entire Bitcoin stack accumulated by Japanese firm Metaplanet since...