Elon Musk appeared to support a call to end the Federal Reserve Bank in the United States after reposting a tweet from Utah Senator Mike Lee — who called for greater executive oversight over monetary policy and abolishing the central bank. Lee argued that Federal Reserve Chair Jerome Powell’s recent assertion that he would not resign from his post, even…
Business intelligence firm MicroStrategy’s Bitcoin stash increased to more than $20 billion in value as the leading cryptocurrency rallied above $80,000. MicroStrategy’s 252,200 Bitcoin (BTC) is now worth $20.5 billion — putting the company up over 104% on its Bitcoin investment strategy, according to “Saylor Tracker,” named after the firm’s executive chairman, Michael Saylor. Source: Michael Saylor The Bitcoin-stacking firm…
DWF Labs has partnered with the University of California, Los Angeles (UCLA) on a new educational initiative focused on tokenized securities. The Web3 investor and crypto market maker will be featured in a case study in the upcoming book, The STO Financial Revolution, the latest blockchain educational initiative spearheaded by UCLA faculty member and author Alex Nascimento. Through these initiatives,…
Stanley Druckenmiller has warned about the pernicious effects of the budget deficit and the growth of U.S. public debt. The investor stated that the country faces a reckoning, but timing it is difficult due to several factors. Stanley Druckenmiller on U.S. Debt: ‘We Have a Reckoning’ The U.S. debt situation, which has surpassed the $35 […] Source: https://news.bitcoin.com/billionaire-investor-stanley-druckenmiller-we-have-a-reckoning/
The FTX bankruptcy estate is continuing its pursuit of lawsuits against cryptocurrency companies as part of its ongoing proceedings, with the latest filing targeting Binance. A group of firms involved in the FTX bankruptcy proceedings have initiated a lawsuit against cryptocurrency exchange Binance, seeking to recover $1.8 billion, according to a complaint filed on Nov. 10. In the filing, the…
The cryptocurrency exchange Binance saw significant price increases for several memecoins listed on its platform in 2024. On Nov. 11, pseudonymous onchain analyst Ai_9684xtpa posted on X that among the 15 memecoins listed by Binance in 2024, 12 saw significant increases in value after going live on the exchange. Memecoins like Moo deng (MOODENG), Dogwifhat (WIF) and Popcat (POPCAT) saw…
A Ukrainian man has become the latest crypto holder to fall victim to a “$5 wrench attack” after being robbed of 250,000 in USDT. According to a recent report by English-language local news outlet Bangkok Post, 23-year-old Viacheslav Leibov was invited into a hotel room by his 18-year-old Ukrainian friend Alfred Chernyshuk on Friday. After entering the room, Leibov met…
Bitcoin is breaking records as a weekend BTC price surge delivers almost $82,000 to start the week. Bitcoin traders see BTC price upside continuing despite some concerns that a retracement may reach frightening proportions.Macroeconomic data releases continue to come thick and fast as United States presidential election fever gives way to the ongoing inflation narrative.After months of frustration, Bitcoin traders…
At Near’s Redacted conference in Bangkok, Thailand, Infinex founder Kain Warwick told Cointelegraph that Infinex v2 will improve the speed of integrations in the DeFi platform. Source: https://cointelegraph.com/news/infinex-to-support-top-500-crypto-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
With the price of Bitcoin surging to a new all-time high above $82,000 Monday morning, optimism among crypto investors has reached extreme levels. A key market sentiment gauge, the Crypto Fear and Greed Index, surged to an “Extreme Greed” reading of 78 out of 100 Sunday—marking its second-highest level this year after March’s peak of 82. By Monday morning, it…
