The US is now home to increasing numbers of crypto startups. (AI image for representation only) Bitcoin, the world’s most recognized cryptocurrency, has breached the $100,000 mark for the first time, riding a wave of optimism tied to the election of Donald Trump as US president. The cryptocurrency reached a peak of $103,800 on December 5, driven by Trump’s pledge to make the US the “crypto capital of the planet” and his nomination of Paul Atkins...
NEW YORK: Life at Brooklyn’s notorious Metropolitan Detention Center has proved challenging for disgraced former crypto CEO Sam Bankman-Fried. The federal detention center is the largest in the US, housing some 1,600 people who are awaiting trial for their alleged crimes. Politicians in New York have decried the “utterly inhumane conditions” at MDC and have asked the federal government for reforms. Bankman-Fried’s attorneys say he’s been subsisti...
Bitcoin retook the $57,000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases by MicroStrategy Inc.The digital asset added as much as 4.4% to reach $57,039 before paring some of the jump to trade at $56,473 as of 10:22 a.m. Tuesday in Singapore. Bitcoin’s price has increased 33% since the turn of the year, extending a prolonged rally that has also stoked speculative ap...
The billionaire Winklevoss twins, founders of the cryptocurrency company Gemini, have made headlines once again with their latest announcement. On Thursday, Tyler and Cameron Winklevoss revealed on social media platform X that they each donated $1 million in Bitcoin to support Donald Trump’s 2024 presidential campaign. This move positions the twins among the growing number of crypto executives backing the Republican candidate amid heightened regu...
Trump has also backed the idea of a strategic national Bitcoin stockpile, though many question the feasibility of the proposal. Bitcoin rose to a record high on President-elect Donald Trump’s support for digital assets and optimism about the upcoming inclusion of MicroStrategy Inc, an accumulator of the token, in a key US stock gauge.The largest virtual currency rose more than 4.8% at one point on Monday to an unprecedented $107,791, exceeding i...
The $17.4 billion Grayscale Bitcoin Trust rallied the most since July 2021 after a US court ruling potentially paved the way for the vehicle to convert into an exchange-traded fund.Shares in the world’s largest Bitcoin portfolio jumped 17% on Tuesday, narrowing their discount to the value of the fund’s underlying token holdings to about 18% compared with a December shortfall of nearly 50%.Grayscale Bitcoin Trust (ticker: GBTC) currently has a clo...
Bitcoin shattered expectations by hitting the $60,000 mark on Wednesday, a feat not seen in over two years. This surge is part of a larger trend, with a 42% price increase in February alone, marking its most significant monthly gain since December 2020. Currently, the cryptocurrency stands at $60,131, nearing its all-time high just below $70,000.Week-on-week gainsThe digital currency is also on track for its most substantial week-on-week increase...
Crypto may emerge as the primary “Trump Trade” during the current election cycle with Republican prospects improving and the party’s standard bearer increasingly embracing a pro-crypto viewpoint, according to Bernstein analysts. Republicans see a favorable stance on the crypto industry as a way to both win over voters and get campaign funding from super PACs who back pro-crypto politicians, Gautam Chhugani and Mahika Sapra wrote in a report Monda...
Trump has also backed the idea of a strategic national Bitcoin stockpile, though many question the feasibility of the proposal. Bitcoin marked its first weekly decline since Donald Trump’s election victory as the Federal Reserve’s cautious policy outlook tempered optimism over the president-elect’s embrace of the crypto sector.The largest digital asset was down more than 7% for the seven-day period through 9:27am Monday in Singapore, the biggest...
One senior Binance executive has managed to stay out of the global spotlight over the past six years and counting — even now as governments everywhere intensify their crypto clampdown: Yi He.As a co-founder of the besieged digital-currency empire, she’s one of the most powerful players in the $1.2 trillion industry. She also has much to lose as the regulatory onslaught deepens and causes an existential crisis for crypto’s largest exchange.After s...
