A market rally for crypto and stocks shows potential benefits for significant economic gains under Trump’s presidency. Pro-Crypto Policies to Deliver Huge Benefits to US Economy Markets have continued to react to Trump’s re-election with bitcoin hitting an all-time high on Tuesday. In addition, a Quartz study revealed that following Trump’s victory, shares of JPMorgan […] Source: https://news.bitcoin.com/jpmorgan-excited-at-the-possibilities-for-bitcoin-and-crypto-after-trump-victory/
MicroStrategy’s stock price jumped nearly 26% on Monday, hitting a new all-time high mark above $351 after the world’s largest corporate treasury reserve holder of Bitcoin unveiled its latest acquisition. MSTR finished the day at a price of $340, but has climbed as high as $354 in after-hours trading, per Google Finance. Padding its corporate coffers by over 27,200 BTC,…
Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank official said this would help the currency achieve price discovery without administrative interference. However, the official did not give a timeline for when the central bank intends to implement this policy. Since […] Source: https://news.bitcoin.com/zimbabwe-plans-to-float-rapidly-depreciating-gold-backed-currency/
Bitcoin is on a roll—again. The biggest digital coin was soaring by the time traditional markets opened Monday morning. By midday New York time, it had already broken record after record. Now, Bitcoin’s price has already popped above $88,000 per coin, according to CoinGecko, after having shot up 10% in the past 24 hours. Over a seven-day period, the asset…
On Nov. 11, 2022, then-FTX CEO Sam Bankman-Fried resigned, handing the company’s reins over to John Ray, who immediately filed for Chapter 11 bankruptcy protection in the United States. The day marked the beginning of the end of what was once one of the world’s most prominent and influential cryptocurrency exchanges. US authorities charged Bankman-Fried and four of his associates…
Two luxury apartments in San Francisco and a 53-foot yacht: That is part of the price Sam Trabucco, Alameda Research’s former co-CEO, will pay FTX to settle his debts with the ill-fated crypto exchange per legal filings published Monday. Trabucco will transfer the legal titles to both apartments, collectively worth $8.7 million, to FTX’s debtors. He will also hand over…
A new lawsuit by the FTX estate claims Binance and its former CEO were parties to an allegedly fraudulent share repurchase transaction. FTX is Going After Its Former Investors FTX wants its money back. According to court documents released by FTX estate on Sunday, Binance, Changpeng Zhao (CZ), and other Binance executives received $1.8 billion […] Source: https://news.bitcoin.com/ftx-wants-1-8-billion-from-binance-and-changpeng-zhao/
FTX, FTX Digital Markets and former Alameda Research co-CEO Sam Trabucco have reached a settlement agreement in the United States Bankruptcy Court for the District of Delaware. Trabucco has maintained a low profile since leaving FTX just months before its collapse. Agreeing to save time and money In a motion that will be heard on Dec. 12, the parties agreed…
Is Spirit Blockchain Capital trying to become the MicroStrategy of Dogecoin? According to CEO Lewis Bateman, the digital asset manager’s acquisition of Dogecoin Holdings—first revealed in October, with more details announced last week—was partly inspired by MicroStrategy’s Bitcoin-buying playbook. But the Canadian firm says it has bigger plans than just leveraging the $48 billion meme coin as a treasury reserve…
CoinDepo is a platform for staking cryptocurrencies, offering unique conditions for earning. The main goal of the project: in the conditions of the unstable crypto market, regular scams of various projects and constantly changing conditions, to offer its investors highly profitable and, above all, safe solutions for passive income. Who Should Use It? Firstly, CoinDepo […] Source: https://news.bitcoin.com/coindepo-how-can-traders-earn-a-passive-income/
