The Securities and Exchange Commission's approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing.Ark Invest CEO and Chief Investment Officer Cathie Wood is behind one of the new ETFs. Her firm partnered with 21Shares to launch the ARK 21Shares Bitcoin ETF."We really believe...
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The Rubik’s Cube turns 50: How a 3-by-3 grid captured hearts and market share
Erno Rubik, inventor of the Rubik's Cube, holds one of the cubes at the International Toy Fair in Nuremberg, Germany, Jan. 29, 2020.Picture Alliance | Getty ImagesIt took a month of twisting and turning for the first person to solve a Rubik's Cube. That person was Erno Rubik, now 79,...
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
US President Joe Biden, with Treasury Secretary Janet Yellen, speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022.Jim Watson | AFP | Getty ImagesThe U.S. government ran up another half a trillion dollars in red ink in the first quarter of...
IRS: Taxpayers may avoid a surprise tax bill by making a quarterly payment by Jan. 16
Westend61 | Westend61 | Getty ImagesThe fourth-quarter estimated tax deadline is Jan. 16, and you could have a surprise bill or owe a penalty if you don't send a payment, according to the IRS.While many employers withhold levies from every paycheck, other income — such as freelancing, small business or...
Bitcoin ETFs have a key difference from their stock fund counterparts
Chesnot | Getty ImagesThe U.S. Securities and Exchange Commission pushed for bitcoin exchange-traded funds to have a key difference from major stock funds, and that decision's effect on how the funds trade will only become clear over time.The bitcoin funds that launched Thursday are using a share redemption process that...