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Cryptocurrencies, Economy

“Trump proposes strategic national crypto stockpile: ‘Never sell your bitcoin’”

“Former President Donald Trump said that if he were returned to the White House, he would ensure that the federal government never sells off its bitcoin holdings. But he stopped short of proposing a formal federal reserve of digital currency.… Continue Reading…

Cryptocurrencies

“From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble”

“… …” https://www.cnbc.com/2024/06/16/inside-latest-crypto-firm-paying-billions-to-end-legal-troubles-.html

Cryptocurrencies

“Robinhood bets big on crypto with $200 million deal for Bitstamp” [Thu, Jun 6, 2024]

“Trading platform Robinhood Markets said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital assets with its biggest-ever deal. Robinhood, whose shares were up 3.4% before… Continue Reading…

Cryptocurrencies

“Ether jumps 20% on renewed optimism for an ETF, bitcoin also rallies”

“…The rally began suddenly on Monday, amid reports that the SEC has requested key document updates from potential ETF issuers and exchanges. A spokesperson for the SEC said the agency doesn’t comment on individual filings. Now, investors are reconsidering the… Continue Reading…

Cryptocurrencies, Economy, Precious Metals

“Worsening US debt outlook seen more in gold and bitcoin than in bonds”

“…The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to reach $2.6 trillion by 2034, according to the Congressional Budget Office. U.S. government debt held by the public, meanwhile, is on pace to… Continue Reading…

Cryptocurrencies

“Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says”

“…Hayes added that U.S. tax payments, due on April 15, coupled with the Federal Reserve’s quantitative tightening (QT) policies, could remove dollar liquidity from the market, leading to broad-based risk aversion and a fire sale of crypto assets around halving. “Given that… Continue Reading…

Cryptocurrencies

“Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024”

“…Ripple’s Brad Garlinghouse told CNBC he expects the entire value of the crypto market to double, citing macro factors including the arrival of the first U.S. spot bitcoin exchange-traded funds, as well as the upcoming so-called bitcoin “halving.”…” https://www.cnbc.com/2024/04/08/ripple-ceo-crypto-market-to-double-in-size-to-5-trillion-in-2024.html

Cryptocurrencies

“Bitcoin tumbles $5,000 in 24 hours as interest rates jump”

“Bitcoin fell for a second day to start the new month and quarter amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 4.76% on Tuesday to $66,134.00, bringing its two-day loss to 7%, according… Continue Reading…

Cryptocurrencies

“1 Unstoppable Cryptocurrency [Bitcoin] With 5,300% Upside by 2030, According to Cathie Wood”

“…Ark is extremely bullish on the world’s largest cryptocurrency, Bitcoin (CRYPTO: BTC). The firm’s official research implies the coin could deliver a gain of 2,000% by 2030, but Wood herself just came out with a new price target that points to a… Continue Reading…

Cryptocurrencies

“El Salvador to transfer ‘big chunk’ of bitcoin to physical vault”

“…El Salvador will transfer “a big chunk” of its bitcoin assets to an offline device that will be stored in a physical vault within the Central American country’s territory, President Nayib Bukele said on Thursday. “We’ve decided to transfer a… Continue Reading…