Financial News

Crypto for a home? Coinbase brings token-backed down payments to housing market

Trump names Nvidia, Meta CEOs to science and tech council

BENGALURU: US President Donald Trump appointed Meta Platforms CEO Mark Zuckerberg, Oracle Executive Chairman Larry Ellison and Nvidia CEO Jensen Huang to a council that will weigh in on AI policy and other issues, the White House said on Wednesday. Google co-founder Sergey Brin and AMD CEO Lisa Su are also part of the initial batch of 13 members from the industry named to the President’s Council of Advisors on Science and Technology (PCAST). Trump has made securing US leadership in artificial intelligence a central priority of his second term, framing the technology as a defining arena of strategic competition with China. Within days of taking office in January last year, he directed federal agencies to prepare an AI Action Plan aimed at reducing regulatory barriers and accelerating private-sector innovation. The council, which is expected to play a key role in shaping Washington’s response to intensifying global competition in artificial intelligence, could ultimately include up to 24 members, the White House said. The latest appointments signal closer alignment between the administration and major technology companies. Additional members will be appointed to the council in the near future, the White House said. The council will be co-chaired by White House AI and crypto czar David Sacks and technology adviser Michael Kratsios. Zuckerberg and Nvidia said the council would help strengthen the United States’ position in AI, while Oracle declined to comment. Alphabet and AMD did not immediately respond to requests for comment. Bob Mumgaard, CEO and co-founder of Commonwealth Fusion Systems, also joined the council. Mumgaard joining PCAST is a big signal of the US government’s support for the fusion industry, the company said. Artificial intelligence has emerged as a major driver of US investment, with companies pledging trillions of dollars in spending over the coming years as the Trump administration pushes to accelerate the sector’s growth.

Bittensor (TAO) Rallies 35%, But Social Sentiment Stays Mixed

Bittensor has enjoyed a sharp surge of more than 35% over the past week, but data indicate the social media crowd is still not overly bullish toward the altcoin. Bittensor Has Broken Out With A Sharp Rally This Month While the wider digital assets sector has been stuck in a phase of consolidation recently, Bittensor has been among the few tokens that have stood out. Since March 8th, the altcoin has jumped by 94%, nearly doubling in value. Related Reading: Bitcoin Whales Go Silent: Large Transactions Plummet The chart below shows how TAO’s recent trajectory has looked: As is visible in the graph, Bittensor saw a peak above $370 on Wednesday, but the asset has since retraced back to the $340 level. Nonetheless, it remains over 35% in the green for the week even after this pullback. TAO’s breakaway from the rest is likely to be a result of its AI-focused narrative. In a nutshell, the blockchain operates as a decentralized marketplace where machine-learning models compete to produce useful outputs, with rewards in the token being handed out based on their performance. Bittensor’s rapid surge in recent weeks has meant that its standing in the sector has considerably improved, with its market cap today ranking as the 27th largest, according to data from CoinMarketCap. From the above table, it’s apparent that with a market cap of about $3.65 billion, TAO is now ahead of the likes of Shiba Inu (SHIB) and Toncoin (TON). The gap to Sui (SUI) in 26th place is also quite narrow, so if the bullish winds continue, it’s possible that the coin may flip it in the near future as well. While Bittensor’s rally has been impressive on paper, the retail crowd doesn’t seem to be buying into the hype, if social media data is anything to go by. TAO Is Seeing The Third Worst Social Media Sentiment In Six Months As pointed out by analytics firm Santiment in an X post, social media discussions related to Bittensor have shot up recently, implying that the rally has caught the eyes of the masses. Despite Social Volume on major platforms like Reddit, X, and Telegram being at its second-highest level in six months, sentiment has interestingly been quite balanced. As displayed in the chart, Bittensor’s Positive/Negative Sentiment metric is sitting at a value of 1.5, meaning that there are three bullish comments for every two bearish ones on social media platforms. While positive sentiment still dominates, the negative bias is actually the third strongest for the past six months. Related Reading: Dogecoin Supply Barrier: This Level Holds Cost Basis Of 28 Billion DOGE Thus, it would appear that FOMO hasn’t yet developed among the retail investors. “This is generally a good sign that the rally can continue, with little interference from greedy traders that typically signal forming tops,” noted Santiment. Featured image from Dall-E, chart from TradingView.com

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EUR/USD Gains Cautiously After Trump’s Critical Hormuz Deadline Extension, Yet Remains Trapped Below Mid-1.1500s

BitcoinWorld EUR/USD Gains Cautiously After Trump’s Critical Hormuz Deadline Extension, Yet Remains Trapped Below Mid-1.1500s LONDON, March 2025 – The EUR/USD currency pair registered tentative gains in European trading on Wednesday, following former President Donald Trump’s unexpected decision to extend a critical diplomatic deadline concerning the Strait of Hormuz. Despite this geopolitical development, the Euro failed to muster significant bullish momentum, consequently remaining firmly capped below the psychologically important mid-1.1500s [...] This post EUR/USD Gains Cautiously After Trump’s Critical Hormuz Deadline Extension, Yet Remains Trapped Below Mid-1.1500s first appeared on BitcoinWorld .

A perfect storm: Why gold prices are down after 2025’s historic surge

Gold, always seen as a safe asset that people turn to in times of trouble, has tumbled when least expected — during a war

Australian Dollar Plummets: Stark Two-Month Low Triggered by US-Iran Peace Uncertainty

BitcoinWorld Australian Dollar Plummets: Stark Two-Month Low Triggered by US-Iran Peace Uncertainty SYDNEY, Australia – The Australian Dollar (AUD) has tumbled to its weakest level in two months, a stark decline directly attributed to renewed uncertainty surrounding potential peace negotiations between the United States and Iran. Consequently, this geopolitical friction is triggering significant volatility across global foreign exchange markets. Market analysts now point to the AUD/USD pair [...] This post Australian Dollar Plummets: Stark Two-Month Low Triggered by US-Iran Peace Uncertainty first appeared on BitcoinWorld .

Grupo Financiero Galicia (NASDAQ:GGAL) vs. China Merchants Bank (OTCMKTS:CIHKY) Critical Contrast

China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) and Grupo Financiero Galicia (NASDAQ:GGAL – Get Free Report) are both finance companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, analyst recommendations, institutional ownership, risk, earnings, valuation and dividends. Analyst Ratings This is a summary [...]

GBP/JPY Price Forecast: Critical 213.00 Resistance Holds as Ominous Bearish Flag Emerges

BitcoinWorld GBP/JPY Price Forecast: Critical 213.00 Resistance Holds as Ominous Bearish Flag Emerges The GBP/JPY currency pair faces a crucial technical test in early 2025 trading, stalling decisively at the psychologically significant 213.00 resistance level. Meanwhile, chart patterns reveal a potentially ominous development for bullish traders as a bearish flag formation takes shape on daily timeframes. This technical setup occurs against a complex macroeconomic backdrop involving divergent central [...] This post GBP/JPY Price Forecast: Critical 213.00 Resistance Holds as Ominous Bearish Flag Emerges first appeared on BitcoinWorld .

Tesco and Sainsbury’s non-loyalty brand prices more expensive than Waitrose

Which? compared a list of 245 branded items including Heinz, Nescafe and Mr Kipling in February.

Gold dips sharply, UAE shoppers advance purchases amid price window

Gold prices dip sharply, prompting UAE shoppers to advance purchases amid a volatile market influenced by geopolitical risks and macroeconomic forces.

China’s Carmakers Return to Growth in Europe With EV Sales