Currencies

Crypto exchange Binance to invest $200 million in Forbes

Cryptocurrency exchange operator Binance Holdings Ltd. is making a $200 million investment in the publisher of Forbes magazine, an unusual tie-up between a digital-currency firm and a traditional media outfit, the companies said Thursday.

Bitcoin price hovers around $37,000

Bitcoin has been struggling this week along with equities as the Federal Reserve sets out its roadmap to raise interest rates.

Bitcoin trades below $42,000 Wednesday morning

Bitcoin was trading below $42,000 early on Wednesday morning. This follows a day in which most cryptocurrencies traded lower as bond yields rose, which also impacted equities.