Search Results for: bitcoin

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Asia’s shift away from the U.S. Dollar gains momentum

The global financial landscape is undergoing a significant transformation as Asian economies accelerate their move away from the U.S. dollar. This trend, known as de-dollarisation, is driven by a combination of geopolitical uncertainties, monetary policy shifts, and efforts to reduce reliance on the greenback in trade and investment. The forces behind de-dollarisation For decades, the …

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Trump Media shares gain after Crypto.com announce ETF deal

Trump Media & Technology Group (TMTG) has made headlines with its latest announcement of a partnership with Crypto.com to launch a series of exchange-traded funds (ETFs) and related products. This news has sparked a surge in TMTG’s stock, which rose by approximately 9% in after-hours trading, despite a challenging year that saw the stock down …

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Tariff Man – Trumps tariffs take affect – markets fall!

U.S. President Donald Trump’s tariffs have moved from threat to reality. U.S. President Donald Trump launched a series of tariffs on Saturday. U.S. imports from Mexico and Canada will face a 25% duty, while those from China will be subject to a 10% tariff. Energy resources from Canada will face a lower 10% tariff. Canada’s Prime Minister …

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Trump’s SEC prepares new ‘crypto task force’ to regulate the industry

On 21st January 2025, the U.S. Securities and Exchange Commission (SEC) announced the formation of a new cryptocurrency task force under the leadership of President Donald Trump. This initiative marks a significant shift in the regulatory landscape for digital assets, aiming to provide a comprehensive and clear framework for the industry. Task force The task …

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Melania and Donald Trump launch their own cryptocurrency meme coins

Melania Trump has launched a meme coin called ‘Melania’ The meme coin was announced on the eve of Donald Trump’s inauguration as president of the United States. It comes days after President-elect Donald Trump launched his own meme coin, ‘Official Trump.’ In a disclaimer on the meme coin’s official website, potential buyers are told that Melania …

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Dow down in the doldrums after nine day losing streak

On Tuesday 17th December 2024, the Dow Jones Industrial Average lost 0.61%, completing a nine-day losing streak. The Dow Jones Industrial Average has recently experienced its longest losing streak since the 1970’s – 1978 to be precise. The index has suffered nine consecutive days of declines. This downward trend began on 4th December, when the index closed above …

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Securities and Exchange Commission Chair Gary Gensler’s resignation is good news for crypto

Bitcoin reaches a new record high, nearing the $100,000 mark as the cryptocurrency rally marches on. Other altcoins are rallying too, basking in the aftermath of the SEC resignation news. Gary Gensler, Chair of the Securities and Exchange Commission, will step down on 20th January 2025 (Trumps inauguration day), an announcement made by the SEC …

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Trump U.S. election win drives gold price down and Crypto up!

Gold prices have fallen to near a two-month low as the dollar strengthens in the wake of Donald Trump’s election victory last week. This downturn has halted the bullion’s rally, which had achieved a series of record highs over the past year. Gold has seen a decline in six of the seven most recent trading …

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Bitwise files for first-ever spot XRP ETF

Bitwise Asset Management, a prominent player in the cryptocurrency investment space, has recently made headlines with its filing for a spot XRP exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This move marks a significant milestone as it is the first attempt to create an ETF specifically for XRP, the native token …

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Robinhood launches crypto transfers in Europe directly through its app

The retail investment platform Robinhood has announced the introduction of cryptocurrency transfers in and out of its app for European customers As part of its international expansion efforts, the company aims to enhance its product offerings in the region. According to a blog post-dated Tuesday 1st October 2024, Robinhood will enable customers within the European …

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Ether ETFs launched in the U.S. on 23rd July 2024 with BlackRock, Grayscale and others

Bitcoin is often likened to a type of digital gold, but Ether is seen more as a native cryptocurrency on the Ethereum blockchain. It is generally seen as a trade or bet on the growth and of the development of the blockchain and of crypto more widely. Many of the funds set to launch this …

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Market rotation helps Dow to a 743-point one day gain to close at a record high. Russell 2000 and crypto benefit

The Dow Jones Industrial Average closed at a record high Tuesday 16th July 2024, rallying 743 points for its biggest one-day increase in more than a year, as the bull run appeared to broaden. The small cap-focused Russell 2000 also rose for the fifth straight day, rising 3.5% fast closing in on a new record high as …

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SEC approves rule change to allow creation of ether ETFs

On Thursday 23rd May 2024, the SEC sanctioned a rule amendment that clears the path for ETFs investing in ether, one of the largest cryptocurrencies globally. This move occurs less than half a year after the Securities and Exchange Commission greenlit Bitcoin ETFs. These funds have been a significant triumph for the industry, with net …

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Ripple CEO predicts crypto market will reach $5 trillion in 2024

Ripple CEO Brad Garlinghouse anticipates the total value of the cryptocurrency market will double this year. He references the launch of the first U.S. Bitcoin exchange-traded fund (ETF) and the forthcoming Bitcoin halving event as key factors. “The overall market capitalization of the cryptocurrency industry is expected to double by the end of this year, …

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Coinbase makes some profit – the first in two years

Shares of cryptocurrency exchange Coinbase soared 12% Friday 16th February 2024 after the company reported its first profit in two years. Coinbase, the largest U.S. venue for buying and selling cryptocurrencies, said that net income totalled $273 million in Q4. This is the first time that the company has reported positive net income since the fourth quarter …

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Some of the stock market’s biggest gains in 2023 came not from crypto but from crypto related businesses

For true cryptocurrency bulls, the most lucrative investments in 2023 were in the stock market. While Bitcoin rallied over 150% for the year, shares of Coinbase, Marathon Digital, MicroStrategy and the Grayscale Bitcoin Trust, which are all tied closely to the digital currency, did substantially better, rising more than 300% in value. Bitcoin miner Marathon Digital soared some 688%. Outperform Not only have …

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Nvidia’s AI chip boom continues, latest figures show

Nvidia’s revenue grew 206% from year 2022 during the quarter ending 29th October 2023, according to data from Nvidia. Net income, at $9.24 billion, or $3.71 per share, was up from $680 million, in the same quarter of 2022. The company’s data centre revenue came in at: $14.51 billion, up a massive 279% and above consensus …

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Is $10000 possible for XRP price? INVEST WATCH

The possibilities of how high the XRP price can go has triggered heated debate among crypto community members over the past week. One particular forecast put the price of the cryptocurrency as high as $10,000 as Ripple advances in the payments sector. However, the validity of this prediction is still heavily debated, leading crypto analysts …

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Singapore among world’s first to agree stablecoin crypto regulation – the race is on…

Big news for the crypto industry Singapore’s financial regulator has reportedly said it had finalised rules for a type of digital currency called ‘stablecoin’, placing it among some of first the regulators worldwide to do so. Stablecoins are a type of digital currency designed to hold a constant value against a fiat currency. Many claim …

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Ripple effect! XRP surges after U.S. judge rules it is not a security in… some instances

SEC Ruling – July 2023 XRP, the native token of the blockchain company Ripple, soared more than 60% on Thursday after a U.S. judge delivered a major victory to the firm in its legal battle with the Securities and Exchange Commission (SEC). The SEC had sued Ripple in December 2020, alleging that it had raised …

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What is Crypto?

Cryptocurrency Crypto, short for cryptocurrency, is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies are decentralised currencies, meaning they’re neither issued nor governed by a central bank.  Some cryptocurrencies are issued by their developers, while others are generated by their respective network algorithms. They exist and operate …

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