Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild price swings have come down substantially over the past decade. “What’s driving the bitcoin market right now is a simple demand-supply imbalance,” the firm’s chief investment officer told CNBC’s “ETF Edge” on Monday. “We have this huge new source of demand from these ETFs, and we have supply that’s inelastic.” On Jan. 11, the first bitcoin exchange-traded funds began trading. Since then, the asset is up more than 50%. Bitcoin hit an all-time high this week of just under...

Calls for a wealth tax on the world’s super-rich are once again gaining attention after U.S. President Joe Biden said he would impose a new “billionaire tax” on the country’s wealthiest if reelected in November. Outlining his 2025 budget proposals on Monday, Biden took aim at the uber-affluent and reiterated plans for a 25% tax on Americans with a wealth of more than $100 million. “No billionaire should pay a lower tax rate than a teacher, a sanitation worker, a nurse,” he said last week, during his State of the Union address. The plans, previously outlined in the president’s 2024 budget,...

Copies of The Daily Telegraph newspaper on a newsstand in a shop in London, UK, on March 12, 2024 (L), and UAE Vice President Sheikh Mansour bin Zayed al-Nahyan speaking at COP28 on Dec. 1, 2023. Getty Images DUBAI, United Arab Emirates — Mansions, university facilities, think tanks, sports teams — the U.K. is no stranger to Gulf money and multibillion-dollar investments streaming from Qatar, the United Arab Emirates and Saudi Arabia into British institutions. But newspapers? That’s a hard stop, apparently. The latest investment pursuit flowing westward from one of the U.K.’s close Gulf allies, the UAE, has thrown British...

Judge Scott McAfee presides over a hearing regarding media access in the case against former U.S. President Donald Trump and 18 co-defendants, at the Fulton County Courthouse in Atlanta, Georgia, on Aug. 31, 2023. Arvin Temkar | AFP | Getty Images A judge on Wednesday dismissed six counts in the Georgia criminal election interference case against former President Donald Trump and five other defendants, saying that the indictment against them failed to sufficiently explain the basis for those specific charges. But other criminal counts against Trump and the defendants remain after the order by Judge Scott McAfee. The dismissed counts...

Argentina’s President Javier Milei gestures while delivering his first policy speech to parliament during the inauguration of the 142nd ordinary session of Congress in Buenos Aires on March 1, 2024. Juan Mabromata | Afp | Getty Images Argentina’s Javier Milei has been accused of hypocrisy for orchestrating a substantial increase in presidential pay while pushing through an austerity package, in a scandal that has rocked the right-wing populist’s government. Opposition lawmakers hit out at Milei over the weekend, sharing details on social media that showed his gross monthly salary rising to just over 6 million Argentinian pesos ($7,073 with Argentina’s...