Bitcoin hit a record high of over $75,000 as Donald Trump neared a second presidential run, reflecting investor optimism. Despite pulling back from earlier highs, Bitcoin remained up 6% over 24 hours. Stocks of crypto-related companies surged significantly, with $4 billion in inflows to Bitcoin ETFs noted ahead of the election. Trump’s evolving stance on … Read more
Donald Trump’s election has triggered a Bitcoin surge to record highs, elevating discussions about potential national reserves and more welcoming regulations for crypto. Experts highlight a shift in sentiment towards Bitcoin, moving from speculative bubbles to a more robust investment framework, although concerns about volatility and risk persist. The question remains: can this momentum sustain, … Read more
Elon Musk has declared a ‘financial emergency’ in the U.S., highlighting $35.7 trillion in national debt and the vast interest payments draining tax revenues. His endorsement of Bitcoin comes as investors seek security amidst inflation fears, and Musk envisions significant cost savings from government reforms. As Bitcoin prices rise nearly to all-time highs, elite investors … Read more
Bitcoin is currently trading around $64K, influenced by the speculation of Joe Biden withdrawing from the presidential race, leading to a slight decline in value. Additionally, a major hacking incident impacted market movements on Indian exchanges, while new tokens emerged in response to global events, reflecting ongoing volatility and trader behavior. In the ever-shifting cryptosphere, … Read more
Trump’s team is weighing candidates for a new ‘crypto czar’ and advisory council focused on cryptocurrency regulation. Coinbase CEO Brian Armstrong is likely a candidate for the advisory council due to ethics restrictions. Speculation includes potential roles for figures like Chris Giancarlo, while discussions around the council’s composition are ongoing, reflecting uncertainty and evolving possibilities … Read more
Former President Donald Trump declared his support for cryptocurrency, asserting that “crypto is the future,” coinciding with a surge in Bitcoin’s price towards $70,000. His new project, World Liberty Finance, however, faced skepticism as its initial sales only raised $9 million against a $300 million goal. With significant political stakes looming ahead of the upcoming … Read more
BlackRock’s CEO Larry Fink warns of the U.S. debt crisis impacting dollar dominance as bitcoin gains traction across the globe. Janet Yellen echoes concerns over financial sanctions pushing countries towards cryptocurrencies. With projections suggesting a skyward trajectory for bitcoin, particularly amid potential shifts in U.S. political leadership, the cryptocurrency market is on the brink of … Read more
The upcoming US elections present a potential turning point for the cryptocurrency industry, which is currently navigating through fraud allegations and regulatory challenges. Gary Gensler, the SEC chair, warns of significant investor losses attributed to crypto firms, while Trump advocates for a more favorable crypto environment in stark contrast to Biden’s administration. With millions spent … Read more
Donald Trump, once a critic of bitcoin, is now addressing the largest crypto convention, signaling a stark shift in his stance. His campaign has embraced digital currencies, accepting substantial bitcoin donations and promising deregulation. This newfound camaraderie with the crypto community highlights a strategic political pivot amidst a backdrop of industry upheaval and public skepticism … Read more
The Trump administration’s approach to AI is likely to focus on repealing Biden’s executive order, prioritizing industry-friendly policies while viewing AI through a security lens. There’s a shift away from antitrust legislation towards national security and privacy reforms, especially concerning competition with China and content moderation practices. This evolving landscape will significantly influence the future … Read more