Money
Ethereum creator officially becomes a billionaire
From uni drop out to self-made crypto billionaire, Vitalik Buterin is kicking goals with Ethereum
The creator of the increasingly popular cryptocurrency, Ethereum is now officially a billionaire.
Vitalik Buterin is a 27-year-old Russian-Canadian who created the virtual currency in 2015 at the age of 19.
Prior to launching the company, Buterin cofounded (and wrote for) Bitcoin Magazine.
Ethereum skyrockets 375 percent
The creator of Ethereum now has around 335,500 ether in his wallet. This equates to more than 1.1 billion dollars, making Buterin a billionaire.
Ether prices have skyrocketed in the first part of 20-21, soaring 375 percent. The crypto now has the second-largest market value.
In late April, the Russian-Canadian programmer donated both 100 Ether and 100 Maker (MKR) tokens to a COVID-19 relief fund for India.
Crypto rises in popularity
The Ethereum cryptocurrency has a market capitalization of $376 billion, second only to bitcoin’s $1.08 trillion. But it’s quickly catching up to the crypto giant.
This places the cryptocurrency as more valuable than Elon Musk’s meme, Dogecoin.
Ether value has surged since the beginning of the year, largely due to the rising popularity of decentralized finance (DeFi) applications.
Crypto disrupts old money
Even the traditional players are beginning to recognise the importance of embracing crypto, including luxury auction house Sotheby.
Sotheby also will be jumping on the crypto bandwagon, saying they’ll accept payments in Bitcoin and Ethereum at an upcoming Banksy auction.
The 277-year-old auction house says that it’s the first of its kind to accept cryptocurrency as payment for a physical piece of art.
“Fittingly, the pairing brings together the biggest disruptor in finance with one of the most notable disruptors in the art world – Banksy,” Sotheby said.
Money
Australia’s inflation hits 3.8%: Budget decisions under pressure
Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.
Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.
Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.
Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.
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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews
Money
Wall Street gains momentum amid tech and earnings surge
U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.
U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.
U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.
The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.
More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.
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US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations
The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.
Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.
Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.
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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker
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