Bitcoin poked above the $71,000 level and flirted with a gain for a fifth straight session, reflecting greater confidence in global markets about the prospect of Federal Reserve interest-rate reductions this year.The largest digital asset’s run of daily increases is the longest in three months, leaving the original cryptocurrency at $70,785 as of 8:25am Wednesday in New York, some 4% shy of the record high $73,798 set in mid-March.Traders are pri...
Trump vowed on the campaign trail to put the US at the center of the digital-asset industry. Bitcoin rallied past $81,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.Trump was declared the winner in Arizona, marking a clean sweep of the seven US battleground states. His decisive victory in the presidential election has prompted celebratory c...
NEW YORK: Sam Bankman-Fried‘s requests for vegan meals and access to prescription medication in jail have gone unheeded, his lawyers said, adding that they need better access to their client to build his defense case.The 31-year-old embattled crypto mogul has been “literally subsisting on bread and water” and a little peanut butter, his attorneys said, as they fought for more time with the FTX co-founder ahead of his October fraud trial. They mad...
Its stellar performance comes after a turbulent period for the token. Following a crash in cryptocurrencies last year, FTX founder Sam Bankman-Fried is now in jail for fraud, while top exchange Binance and its founder Changpeng Zhao recently pleaded guilty to US anti-money-laundering and sanctions violations and were hit with fines of $4.3 billion and $50 million, respectively.Is Bitcoin’s return to the $40,000 level a sign the industry is maturi...
Bitcoin hovered around $50,000 after briefly scaling the closely watched level for the first time in over two years, a remarkable comeback from the crypto scandals and wipeouts that cast doubt on the industry’s viability.The largest digital asset rose as high as $50,328 on Monday in the US and was trading at $49,980 as of 7:40 a.m. Tuesday in Singapore.It has tripled in value since the start of last year after a 64% plunge in 2022. Bitcoin remain...
An exchange-traded fund investing directly in Bitcoin will list on Australia's main stock market for the first time, kicking off another wave of such listings after similar products began trading in the US and Hong Kong. Exchange operator ASX, which handles the bulk of the country's stock trading, has approved the VanEck Bitcoin ETF which will be listed on Thursday."We recognize Bitcoin is an emerging asset class that many advisers and investor...
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...
