The intersection of social media and cryptocurrency continues to evolve, and the latest development involves Truth Social, the social media platform backed by former U.S. President Donald Trump. Recently, the Trump Media and Technology Group (TMTG) has taken notable steps to diversify its offerings with the announcement of a planned digital currency payment service under
Crypto
In a revealing and troubling case of corporate misconduct, BIT Mining has recently reached a settlement with U.S. authorities, agreeing to pay a staggering $10 million in penalties. This substantial fine stems from allegations of bribery involving Japanese officials, with the intention of securing important permits for a resort project. The case shines a light
Bitcoin, often celebrated as the pioneer of cryptocurrency, recently soared to impressive heights, tantalizing investors with the prospect of breaking the $100,000 milestone. However, just as fervently, the market shifted, demonstrating the inherent volatility that characterizes this digital asset. After hitting a peak of nearly $99,800, Bitcoin experienced a dramatic correction, retracting over $4,000 by
In the lead-up to the US elections on November 5th, Bitcoin has shown remarkable resilience and an impressive uptick, trading over 40% higher than its historical averages. This surge has garnered the attention of financial analysts and investors alike, especially in light of the promises made by the Trump campaign, which emphasizes a favorable regulatory
In a notable turn of events, Bitcoin recently approached the critical $100,000 mark, only to experience a minor dip, settling at approximately $98,000. This week commenced with Bitcoin trading around $90,000, exhibiting a strong upward momentum that propelled it past its previous peak of $93,800. The catalyst for this bullish movement was the substantial inflow
In the last trading week, Bitcoin exchange-traded funds (ETFs) in the United States have experienced an extraordinary surge in net inflows, marking a significant moment for cryptocurrency investors. Across multiple days, Bitcoin ETFs attracted billions, demonstrating an impressive resilience and strength that stands in stark contrast to the declining fortunes of Ethereum counterparts. Following the
In a significant development within the financial sector, Charles Schwab, a prominent asset management firm, may soon navigate the waters of the crypto exchange-traded fund (ETF) market. The company’s incoming CEO, Rick Wurster, recently hinted at this potential shift during an interview with Bloomberg. He indicated that Schwab is poised to launch spot digital currency
In recent years, cryptocurrencies, particularly Bitcoin, have gained tremendous traction across various regions, including the United States, Europe, and Latin America. Their rising popularity is mirrored in the bustling markets of South Korea and Japan, where digital currencies have become integral to financial portfolios. However, the attitude toward cryptocurrencies has not been universally embraced. China’s
The recent victory of Donald Trump in the 2024 presidential elections has generated tremendous anticipation surrounding the future of the cryptocurrency market. As Trump prepares to take office, a wave of speculation sweeps through the crypto community, driven by the possibility of significant changes in both policy and regulation. Unlike his past skepticism towards digital
Bitcoin has been on an ambitious quest to breach the elusive $100,000 mark, but it encountered substantial resistance just shy of that target. After a phenomenal week beginning with a significant leap above $90,000, optimism surged in the cryptocurrency space, only for the flagship digital asset to see its price retrace slightly. By mid-week, Bitcoin