The advocacy group called for crypto voters to support a change in leadership at the SEC, given Gary Gensler’s “regulation by enforcement” approach since 2021. Source: https://cointelegraph.com/news/sec-crypto-enforcement-gary-gensler-blockchain-association?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
Tether posts $2.5B in Q3 profits, with 2024 earnings reaching $7.7B
Tether’s consolidated profit in 2024 has reached $7.7 billion, with $14.2 billion in equity and total assets of $134.4 billion. Source: https://cointelegraph.com/news/tether-record-q3-profits-earnings-rise-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Trump Victory’ Stock Rallies in China Before US Elections
Wisesoft, a software company that builds air control programs, has doubled its share prices in the last month due to the association of its Chinese name with the victory of candidate Donald Trump in the upcoming U.S. presidential elections. Donald Trump Victory Stock Rises in Anticipation of Election Outcome Wisesoft, a company that builds software […] Source: https://news.bitcoin.com/trump-victory-stock-rallies-in-china-before-us-elections/
‘Crypto is not going anywhere’ — Florida chief financial officer
Sovereign pension funds are increasingly seeking exposure to Bitcoin following the introduction of spot ETFs in the United States. Source: https://cointelegraph.com/news/crypto-not-going-anywhere-florida-chief-financial-officer?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
MicroStrategy’s $42B Bitcoin bet is bullish for shareholders: Analyst
One analyst raised his price target from $245 to $300 per share on news of MicroStrategy’s bold Bitcoin buying plans. Source: https://cointelegraph.com/news/microstrategy-bitcoin-bet-bullish-shareholders-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Pound Sterling Suffers Biggest Drop in 18 Months Amid Reeves’ Tax-and-Spend Storm
Following the latest budget reveal, the pound sterling has taken a sharp tumble, fueled by mounting worries about the U.K.’s fiscal outlook. Chancellor Rachel Reeves’ decision to pump £70 billion into government spending—funded through additional borrowing—has stirred up significant unease among investors. They’re concerned this move could lead to higher inflation and escalating interest rates. […] Source: https://news.bitcoin.com/pound-sterling-suffers-biggest-drop-in-18-months-amid-reeves-tax-and-spend-storm/
Franklin Templeton launches tokenized money fund on Base
Franklin Templeton says this is the first tokenized money fund to launch on Coinbase’s layer-2 network. Source: https://cointelegraph.com/news/franklin-templeton-launches-tokenized-money-fund-base?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Judge sentences IcomTech promoter to 8 years to deter ‘crypto frauds’
Judge Jennifer Rochon initially allowed a delay in Gustavo Rodriguez’s sentencing to allow additional testimony but ultimately ordered the IcomTech promoter to prison. Source: https://cointelegraph.com/news/icomtech-promoter-sentenced-crypto-fraud?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Telegram Crypto Game ‘W-Coin’ Reveals Long-Awaited Airdrop Details
Telegram game W-Coin has announced that its token launch on The Open Network (TON) is set for December, as an airdrop follows closely. However, the team won’t be receiving any tokens. W-Coin’s anticipated token launch comes after some of the biggest games of the tap-to-earn craze debuted their tokens over the last few weeks, with Hamster Kombat and X Empire…
Bitcoin ETFs Amass 1 Million BTC – A New Leader Emerges
New data reveals that spot bitcoin exchange-traded funds (ETFs) have collectively surpassed the impressive milestone of holding over 1 million BTC. How 12 U.S. Bitcoin ETFs Quickly Acquired 1 Million BTC In just 293 days, the 12 U.S. spot bitcoin ETFs have accumulated more than 1 million BTC, totaling nearly $71 billion. Since Jan. 11, […] Source: https://news.bitcoin.com/bitcoin-etfs-amass-1-million-btc-a-new-leader-emerges/