Crypto News on 12 Nov, 2024

     Catch up on all the key developments in the cryptocurrency world from October 2, 2024. On this day, the crypto market saw significant movements, regulatory updates, and breakthrough announcements from leading blockchain projects. Explore in-depth analyses, price fluctuations, and expert commentary on trending coins and tokens. Whether you're tracking Bitcoin's latest performance or the rise of altcoins, our detailed coverage ensures you're always informed about the latest in crypto.

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Bitcoin Overtakes Silver in Market Valuation Amid 'Trump Effect'

Bitcoin has become the eighth largest asset in the world following Donald Trump's election success last week.In the last 24 hours, the cryptocurrency overtook silver to become the world's eighth largest asset, reaching a market capitalization of $1.752 trillion and narrowly surpassing silver's $1.726 trillion.Following Trump's win in the November 5 presidential election over his Democratic opponent Kamala Harris, there have been boosts to traditional currency and cryptocurrency markets, individual stocks, and the broader U.S. equity markets, as investors anticipate deregulation and tax cuts under the 47th U.S. president. Techgraph has called the boosts the "Trump Effect."Bitcoin is now catching up on the $1.804 trillion valuation of Saudi Aramco, Saudi Arabia's majority state-owned petroleum and natural gas company. It still lags considerably behind tech giants like Microsoft, Apple and Google, as well as software company NVIDIA, all of which make the top five. Gold maintains its position as the world's top valued asset with a market cap of $17.6 trillion.There have also been rallies among cryptocurrency prices, spearheaded by Bitcoin, having risen by 15.03 percent in the past five days to $87,320.08. The world's biggest and most well-known cryptocurrency has now more than doubled from a year's low of $38,505 in January.Ethereum has also risen to $3,275.43, after a five-day increase of 13.09 percent. Dogecoin rose 102.48 percent to $0.39 in the five days leading up to Tuesday, November 12.During his 2024 campaign, Trump's interest in the cryptocurrency market grew, despite him previously deriding Bitcoin as "a scam.""I don't like it because it's another currency competing against the dollar," he said in 2021. He later said he wanted the U.S. to become "the crypto capital of the planet."Though he has yet to outline any specific policies, Trump has since engaged with the crypto community and attended industry events, including appearances as a keynote speaker at Bitcoin 2024 in Nashville, Tennessee, in July. He even announced the launch of his own crypto venture, World Liberty Financial, in September this year.Newsweek has contacted Trump's campaign team for comment via email.His change of tune has created expectations of a regulatory easing around cryptocurrencies. During his appearance in Nashville, he pledged to sack the chair of the Securities and Exchange Commission (SEC), Gary Gensler, who has been in charge of efforts by incumbent President Joe Biden's administration to increase sector oversight."If the Trump administration does deregulate crypto, it's hard to see how it is not bullish for the sector," Matt Simpson, market analyst at StoneX Financial, told the BBC.Simpson, senior market analyst at City Index, told Reuters: "Bitcoin's Trump-pump is alive and well... with Republicans on the cusp of taking the house to confirm a red wave in Congress, it seems the crypto crowd are betting on digital-currency deregulation."

 2024-11-12 14:37:13

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Bitcoin price could hit $100,000? Check Donald Trump effect in Cryptocurrency

World’s biggest cryptocurrency Bitcoin is heading towards $100,000 amid President-elect Donald Trump’s pro-crypto stance and promise for clearer cryptocurrency regulations, as per a report.On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent since the US election, IANS reported.According to Nigel Green of deVere Group, Bitcoin could hit $100,000 by the end of January 2025 after Donald Trump takes office . The bullish prediction from Green comes after the cryptocurrency has experienced a staggering 93 per cent price rise year-to-date. We expect that this is just the beginning, with the cryptocurrency set to break more records under an incoming Trump administration. President-elect’s crypto-friendly stance signals a transformative moment for Bitcoin and the broader digital asset market, said Green.Also Read : No one interested in freak offs house? Sean Diddy Combs's famous Beverly Hills mansion in Los Angeles fails to find a buyerTrump administration has a clear mandate to regulate crypto constructively, and his plan to elevate Bitcoin to a strategic asset class is a powerful endorsement. This is the most significant tailwind we’ve seen for Bitcoin since its inception. With inflation concerns on the rise amid looming economic policy shifts, Bitcoin’s role as a hedge against eroding cash value is also gaining traction, he mentioned.While inflation pressures have eased with recent rate cuts globally, the Trump administration’s ambitious spending plans and potential tariffs could quickly reignite upward pressure on prices.This inflationary backdrop is encouraging investors to turn to Bitcoin as a safeguard against diminishing purchasing power, said the deVere Group CEO.According to Raj Karkara, COO, ZebPay, as more investors turn to Bitcoin, we anticipate this momentum could continue. This landmark moment demonstrates Bitcoin’s resilience and reinforces its appeal within the financial markets, he added.Vishal Sacheendran, Head of Regional Markets at Binance, said that clearer rules and a friendlier stance towards crypto businesses has the potential to increase investor confidence, encouraging further innovation and mainstream adoption of virtual digital assets.Also Read: Is Donald Trump planning to dismantle the US Education Department amid Elon Musk’s support? It is also important to note that In a bull market like this, investors should also remain mindful, conduct thorough research, and not make investment decisions solely based on market sentiment or hype, he said.FAQsQ1. Which is the biggest cryptocurrency?A1. The biggest cryptocurrency is Bitcoin.Q2. Who is President-elect of USA?A2. President-elect of USA is Donald Trump.

 2024-11-12 13:59:20

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Bitcoin eyes $100,000 on pro-crypto Trump agenda

TCF vendors Exponential Interactive, Inc d/b/a VDX.tvCookie duration: 90 (days).Data collected and processed: Device identifiers, Probabilistic identifiers, Non-precise location data, IP addresses, Users’ profiles, Privacy choices, Browsing and interaction datamoreCookie duration resets each session. View details | Storage details | Privacy policy Roq.ad GmbHCookie duration: 365 (days).Data collected and processed: Authentication-derived identifiers, Device identifiers, Device characteristics, Probabilistic identifiers, Precise location data, Non-precise location data, IP addresses, Privacy choices, Browsing and interaction datamoreCookie duration resets each session. View details | Storage details | Privacy policy AdMaxim LimitedCookie duration: 30 (days).Data collected and processed: Probabilistic identifiers, IP addresses, Browsing and interaction datamoreCookie duration resets each session. View details | Privacy policy Index Exchange Inc. 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View details | Privacy policy Celtra Inc.Doesn't use cookies.Data collected and processed: Device identifiers, Device characteristics, Precise location data, IP addressesmoreUses other forms of storage.View details | Storage details | Privacy policy mainADV SrlCookie duration: 30 (days).Data collected and processed: Device identifiers, Device characteristics, Non-precise location data, IP addresses, User-provided data, Privacy choices, Browsing and interaction datamoreUses other forms of storage.View details | Privacy policy Gemius SACookie duration: 1825 (days).Data collected and processed: Device identifiers, Device characteristics, IP addresses, Users’ profiles, Privacy choices, Browsing and interaction datamoreCookie duration resets each session. Uses other forms of storage.View details | Storage details | Privacy policy The Kantar Group LimitedCookie duration: 914 (days).Data collected and processed: Device identifiers, Device characteristics, Non-precise location data, IP addresses, Privacy choices, Browsing and interaction datamoreCookie duration resets each session. Uses other forms of storage.View details | Privacy policy Nielsen Media Research Ltd.Cookie duration: 120 (days).Data collected and processed: Device identifiers, Device characteristics, IP addresses, Privacy choices, Browsing and interaction datamoreCookie duration resets each session. Uses other forms of storage.View details | Storage details | Privacy policy Solocal SACookie duration: 396 (days).Data collected and processed: Device identifiers, Device characteristics, Precise location data, Non-precise location data, IP addresses, User-provided data, Users’ profiles, Privacy choices, Browsing and interaction datamoreCookie duration resets each session. Uses other forms of storage.View details | Storage details | Privacy policy Pixalate, Inc.Doesn't use cookies.Data collected and processed: Device identifiers, Device characteristics, Non-precise location data, IP addresses, Browsing and interaction datamoreView details | Storage details | Privacy policy NumberlyCookie duration: 180 (days).Data collected and processed: Authentication-derived identifiers, Device identifiers, Device characteristics, Non-precise location data, IP addresses, User-provided data, Users’ profiles, Privacy choices, Browsing and interaction datamoreCookie duration resets each session. 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 2024-11-12 13:42:57

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Coinbase launches ‘Coin50’ index as crypto equivalent to S&P 500 and a balance to Bitcoin

As the crypto industry matures and institutional investors enter the space, Coinbase is seeking to evolve alongside it by offering a reliable measurement that accurately portrays the growing size and diversity of the market. Head of institutional products at Coinbase Greg Tusar told Fortune that he hopes the index will become the go-to benchmark for investors. “What we’re trying to do is establish a benchmark that is not specific to any asset, that’s trying to give what is the broad basket of crypto assets doing, the same way that you gauge the performance of the equity markets through the S&P 500,” Tusar said. The index will serve as an investment product as well, only available to eligible traders outside the U.S due to its status as a perpetual future — a type of derivative contract, like call or put options, without a specific expiration date that is not available in the U.S. Investment is not the main goal of the product, Tusar told Fortune. Instead, he envisions it as a reference to help people identify market trends and aid in price discovery, rather than depending solely on Bitcoin, which often doesn’t show the whole picture. “I think Bitcoin is used as that benchmark, simply because there isn’t anything else to put in its place,” Tusar said. The Coin50 provides a more comprehensive view of the market by including Bitcoin and the other top 49 cryptocurrencies weighted by market cap. Tusar said that he believes Bitcoin’s dominance will decrease over time, making it less and less of a useful benchmark and creating the need for a tool like the Coin50. “I think as the crypto economy grows, as crypto fulfills its mission, that will naturally broaden out the number of layer ones, the number of other tokens… and establishing this now sets us up for that future,” Tusar said. The index will rebalance quarterly as market share fluctuates and assets fall out of the top 50. Assets included in the index must satisfy a list of standards that scrutinize each asset based on their token economics, blockchain infrastructure and security. At the moment, the index weighs Bitcoin at 50%, Ethereum at 28%, Solana at 6%, XRP at 3%, Dogecoin at 2%, and the remaining 45 tokens at 11%. Anyone, with or without a Coinbase account, will be able to access this tool in various places including on the Coinbase website and on the Coinbase app. Investors outside the U.S. will be able to access the perpetual futures contracts through the Coinbase Advanced application.

 2024-11-12 13:13:42

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Why is Trump’s election as US president prompting a Bitcoin surge?

Bitcoin surged to a record high of $89,000 on Tuesday as investors pumped money into cryptocurrencies following the election of Donald Trump as United States president, who has turned from a cypto-sceptic to an investor himself. Bitcoin, the oldest and the largest crypto currency, has seen its value go up by 30 percent in the past week. It is not the only cryptocurrency on the move. Since Trump’s victory, Dogecoin — a currency backed by Trump ally Elon Musk — has surged 152 percent. Cryptocurrency is a “digital alternative” to traditional money and works online without a central authority. But it has long also been very volatile and has faced government curbs in several parts of the world. So how is the crypto spike linked to Trump’s election and will the new US administration ease regulatory frameworks around crypto? What explains the crypto surge since Trump’s win? Analysts believe Trump’s embrace of cryptocurrencies during the presidential campaign and his venture into crypto trade is luring investors on the expectation that the new administration would be crypto-friendly. The Trump campaign accepted donations in cryptocurrency and he also appeared at industry events, promising to make the US “the crypto capital of the planet”. In late September, Trump and his three sons – Donald Jr, Eric, and Barron – unveiled his latest entrepreneurial endeavour, World Liberty Financial. Billed as a decentralised finance (DeFi) money market platform, this new venture introduced a proprietary cryptocurrency dubbed $WLFI. Although details of the new venture are unclear, many pro-crypto enthusiasts see this as a nod of support for digital currencies from the incoming Trump administration. The venture has drawn criticism from some experts in the DeFi sector for possible conflicts of interest and the fact that the venture was launched during the 2024 presidential campaign. In a recent interview with Newsweek magazine, Michael Dowling, professor of finance at the Dublin City University Business School, stated: “There have been such a parade of undesirables in the crypto and DeFi world that adding Trump to the list couldn’t possibly push the needle on popularity or enthusiasm. Bear in mind these markets, the original crypto markets, got their start by facilitating drug trafficking.” Are all crypto currencies going up? If a rising tide lifts all boats, a rising Bitcoin is lifting all cryptocurrencies too. Other popular cryptocurrencies like Ethereum and Dogecoin are also up. Musk, the world’s richest man, a prominent supporter of Trump and a known cryptocurrency enthusiast, has been particularly vocal about his support for Dogecoin. The market share of top cryptocurrencies is as follows: Bitcoin (BTC): 59.46% Ethereum (ETH): 12.68% Tether (USDT): 5.18% BNB (BNB): 3.51% Solana (SOL): 3.38% Dogecoin (DOGE), USD Coin (USDC), Ripple (XRP), TRON (TRX) are other popular cryprocurrencies. According to CoinMarketCap, a website that provides data on thousands of cryptocurrencies, the global value of cryptocurrency is $2.79 trillion. In 2013, the total crypto market cap was roughly $1bn. More than 100 countries allow trading of Bitcoin and other cryptocurrencies, with restrictions, while others have outright bans. The US, Canada, European Union, Singapore, Australia and New Zealand are some countries where trading in cryptocurrencies is legal. China, Pakistan, Saudi Arabia, Tunisia and Bolivia have made it illegal to trade in cryptocurrencies. Over the last four years, Bitcoin has experienced significant volatility, with prices fluctuating dramatically due to economic events, market sentiment, and regulatory developments. In March 2020, Bitcoin’s price dropped sharply to under $5,000 as global markets reeled from the COVID-19 pandemic. This rapid drop was followed by a huge surge in November 2021, reaching an all-time high of nearly $69,000. However, crypto markets would experience another downturn due to the collapse of crypto exchange FTX in November 2022. Bitcoin dropped sharply to below $16,000, and Ethereum fell under $1,100. What is Trump’s stance on Bitcoin? Trump used to see the cryptocurrencies as a threat to the US dollar. “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity,” he posted on twitter, which has since been named X, in 2019. “We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable.” That was then, and Trump, with his newly founded cryptocurrency company World Liberty Financial, has now made a 180 degree turn on his confidence in cryptocurrencies, like Bitcoin and Ethereum. At the Bitcoin 2024 conference in July, Trump took centrestage, making a bold declaration regarding potential future policy. Trump assured the audience that, should he regain the presidency, he would implement measures to prevent the federal government from liquidating its Bitcoin reserves. “If I am elected, it will be the policy of my administration, United States of America, to keep 100 percent of all the Bitcoin the US government currently holds or acquires into the future,” Trump said. “If crypto is going to define the future, I want it to be mined, minted and made in the USA,” he added. Mauvis Ledford, CEO of Sogni AI, a Singapore-based tech startup, says the incoming Trump administration would likely adopt cryptocurrencies to stimulate economic growth. “It’s plausible that Trump’s administration might explore leveraging blockchain technology to enhance transparency and efficiency in government operations, especially with Elon Musk as an adviser. There could also be initiatives aimed at promoting the adoption of cryptocurrencies to stimulate economic growth and attract tech-driven investments,” Ledford, a former CTO of CoinMarketCap, told Al Jazeera. However Ledford remains cautious about just how far Trump might go in his support for cryptocurrencies. “I don’t personally believe anything Trump says, however, and blockchains do allow the creation of rules that everyone must follow, which I don’t think Trump would specifically like in a government he runs,” said Ledford. Trump has also trained his guns at US Securities and Exchange Commission (SEC) Chairman Gary Gensler, who has been known to be highly critical of the cryptocurrency industry. “On day one, I will fire Gary Gensler,” Trump said at the Bitcoin conference in Nashville, Tennessee. The SEC’s focus on crypto cases intensified in 2023, as revealed by a January 24 report from Cornerstone Research, a litigation consulting firm. The report detailed 46 enforcement actions last year, resulting in $281m in monetary penalties for settlements. “We’re trying to enforce the laws at hand. … This is a field with a lot of fraudsters, a lot of grifters, a lot of scams,” Gensler said last month during a discussion at the New York University School of Law. Ledford too acknowledges the many scams, which he calls “smoke and mirrors”, that have infested parts of the cryptocurrency industry. “The only ‘tokens’ I truly trust are Bitcoin and Ethereum. Bitcoin because it was the first creator of blockchain technology, and a simple form of digital gold – literally all it was meant to be,” said Ledford. What does the surge mean for the US economy? The recent surge could open the door for more investment into cryptocurrencies. “Narrative drives price. The Biden administration put a choke hold on crypto. Trump, who has publicly supported it, is seen as world, where crypto can thrive with government support. Bullish,” said Roderick Melvin Johnson, active crypto investor since 2021. Johnson, who is based in Clearwater, Florida, shared with Al Jazeera an important X thread from Miles Deutscher, a prominent crypto analyst, explaining the significance of the Trump presidency and its possible effect on the US economy. This is the most obvious bullish setup any liquid market has had in YEARS. That isn't an exaggeration. I have the data to show you how the stars are aligning for the biggest crypto bull run EVER. 🧵: The only 10 important factors you need to know.👇 — Miles Deutscher (@milesdeutscher) November 11, 2024 Ledford, the Singapore-based tech CEO, notes that there has been a notable increase in institutional investments in cryptocurrencies which should move the industry into mainstream acceptance. “Major companies are integrating crypto payments, and advancements in blockchain technology are making transactions more secure and efficient. Additionally, regulatory frameworks are evolving, which could provide more stability and legitimacy to the crypto market,” he explained. What is Bitcoin? Created in 2009 under the pseudonym Satoshi Nakamoto, Bitcoin is a digital currency that exclusively trades online. Using a technology called blockchain, it allows every Bitcoin transaction to be stored on thousands of computers worldwide, known as the “public record”, making it virtually impossible to hack. Each computer has stored every transaction that has ever been made, which is known as a node. When a new cryptocurrency transaction happens anywhere around the word, every node gets its “public record’ updated. Due to the decentralised nature of blockchain, no one computer controls the data. Till this day, the creator of Bitcoin is unknown. In 2010, the first real-world purchase using Bitcoin was two pizzas bought for 10,000 Bitcoins, approximately $41 at the time, by a programmer named Laszlo Hanyecz. In 2021, Bitcoin’s largest transaction was the sale of a luxurious Miami, Florida mansion. The property changed hands for a staggering $22.5m, paid entirely in cryptocurrency.

 2024-11-12 13:08:44

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Bitcoin Continues Its Ascent To $100,000 Amid Ethereum, Solana, Dogecoin, Shiba Inu, BNB, XRP, Avalanche Rebound

Share to Facebook Share to Twitter Share to Linkedin Donald Trump, bitcoin price Getty Images Bitcoin bounced back early Tuesday morning, stoking hopes that the symbolic $100,000 mark is within arm’s reach. In the past 24 hours, Bitcoin’s price climbed 6.8% to $87,600, while Ethereum is up 3.3%. Many altcoins followed suit. Avalanche is up 8.4%, Dogecoin gained 35.1%, Shiba Inu added 2.5%, BNB rose 1.1%, and XRP saw a 9.9% bump. While Trump’s election victory might be the biggest driver for now, it’s far from the only factor fueling Bitcoin’s surge. Behind the scenes, broader trends—ranging from a post-halving supply squeeze to favorable macroeconomic developments—are helping to push crypto prices higher. Crypto insiders believe these factors, rather than Trump's victory, are the true long-term drivers behind Bitcoin’s rise. Trump’s victory is a short-term catalyst but not a game-changer Trump’s return to the White House has certainly been a major headline driver over the past week. The reason? Trump is viewed as less of a "bad cop" for the crypto community than the Biden administration. There’s good reason for this. In preparation for this year’s election, Trump became the first presidential candidate to accept crypto contributions. At one point, he even hinted at the possibility of building a federal Bitcoin reserve. MORE FOR YOU Trump’s Cabinet: Here Are His Picks And Finalists For White House Roles—Marco Rubio, Stephen Miller And More New Chrome, Safari, Firefox Warning—Do Not Google These Words Google’s Gmail And Photos Deletion Warning As 1-Year Timer Expires “For too long, our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your Bitcoin,” he said. As a counterbalance to Biden's more aggressive regulatory stance, crypto lobbyists have also rallied behind Trump. Notably, Cameron and Tyler Winklevoss, co-founders of the Gemini crypto exchange, contributed $1.6 million in Bitcoin, while Kraken co-founder Jesse Powell donated $845,000 in Ether. Back in August, BitMEX co-founder Arthur Hayes predicted that a Trump win could bring Bitcoin’s price past $100,000. “October and November are historically strong months for Bitcoin, especially in the year of the halving and the year after,” he said, suggesting that a Trump presidency might prompt a “rush of new buyers” that could push Bitcoin “over $100,000.” Still, Hayes and others believe the election outcome might only influence Bitcoin’s short-term price. In their view, it’s bitcoin’s fundamentals and macroeconomic factors—particularly its appeal as a hedge in a high-debt, inflation-prone economy—that will shape its long-term trajectory. Broader factors behind bitcoin’s rally Some analysts argue that this rally is driven more by pent-up demand stemming from Bitcoin’s April halving, a pre-programmed reduction in Bitcoin mining rewards. “Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst, but that’s not the main story here,” Jesse Myers, co-founder of Onramp Bitcoin, posted on X yesterday. “A post-halving bubble is the result,” he added, referring to the pattern in which each Bitcoin halving has historically sparked a rally. Another key factor is Bitcoin’s potential role as a hedge against currency debasement. Hayes echoes many economists who believe neither political party has the will to balance the budget. In August, Hayes said, “Like any politician, regardless of party affiliation or economic beliefs, Harris will instruct Yellen to use the monetary tools available to her to avert a financial crisis.” That underscores his conviction that inflation-driven spending could become a reality regardless of the election outcome. Even so, Bitcoin must first prove itself as an inflation hedge because so far it has behaved more like a risk asset—rising and falling in tandem with investor risk appetite. Wall street’s deepening crypto ties Another force boosting Bitcoin’s valuation is growing interest from Wall Street. In recent months, financial giants like Goldman Sachs and Morgan Stanley have expanded their Bitcoin-related holdings, signaling that institutional players are seeing cryptocurrency as more than a speculative asset. According to Matt Hougan, CIO of Bitwise Asset Management, institutional involvement adds both credibility and stability to Bitcoin’s long-term outlook, making it less prone to the extreme volatility seen in past cycles. “Institutions see Bitcoin’s transformative potential for certain financial processes, making it not just an alternative asset, but a potential staple in future portfolios,” Hougan noted recently. With both political and economic factors in Bitcoin’s favor, the coming weeks could be critical in determining whether the cryptocurrency continues its steady climb. Check out my website. Dan Runkevicius Editorial Standards Forbes Accolades

 2024-11-12 13:07:57

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Bitcoin rally slows as it nears $90,000 — now with a bigger market cap than silver

On the heels of a rally sparked by Donald Trump’s presidential election win, Bitcoin’s price is finally moderating — but not before beating out silver to become the eighth largest asset in the world. As of Tuesday morning, the leading cryptocurrency was valued at about $86,900, giving it a market capitalization of $1.72 trillion. That gives it a lead on silver’s $1.71 trillion market cap, but still falls well short of gold’s estimated $17.52 trillion. Bitcoin’s price had risen 5.6% over the prior 24 hours, adding to a rally that saw its value surge 30% in less than a week and hit several new record highs. Bitcoin is expected to continue barreling forward as investors’ optimism and enthusiasm grows on Trump’s return to the White House. Some analysts say Bitcoin could even cross the $100,000 threshold as a result. That seems increasingly likely as it nears the $90,000 mark, with six weeks to go before year’s end. Starting in January, crypto fans and investors will — for the first time ever — have a friendly face in the Oval Office. Throughout his campaign, Trump took an unprecedented pro-Bitcoin stance, championing the digital currency as a symbol of financial independence and an alternative to traditional banking. Labeling himself as the “crypto candidate,” Trump fully embraced digital assets, even accepting donations in a range of cryptocurrencies, including Bitcoin, Ether, Dogecoin, and Solana. Trump also attended and addressed a Bitcoin conference in July, where he touted a commitment to positioning America at the forefront of the crypto revolution. Among other promises to the crypto industry on the campaign trail, Trump vowed to create a national Bitcoin reserve, as well as a “Bitcoin and crypto presidential advisory council.” “The rules will be written by people who love your industry, not hate your industry,” he said. Following Trump’s election win last week, investors began pouring cash into spot Bitcoin ETFs, or exchange-traded funds. On Thursday alone, U.S. Bitcoin ETFs recorded unprecedented inflows of $1.3 billion. BlackRock (BLK), the world’s largest asset manager, led with more than $1 billion directed into its Bitcoin ETF, while Fidelity’s FBTC saw an inflow of $190 million, according to data from Farside. Bitcoin’s new all-time highs have lifted the entire cryptocurrency market, driving significant gains across a number of other digital assets. Ether, the native token of the Ethereum blockchain, was priced at more than $3,200 as of Tuesday morning, and Dogecoin jumped 30% in the past 24 hours. Others, including Solana and Cardano, have taken a tumble. All together, the global crypto market has a valuation of $2.91 trillion, a 4.09% increase in the past day, according to CoinMarketCap. — Vinamrata Chaturvedi contributed to this article.

 2024-11-12 12:59:00

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Cristiano Ronaldo is every inch the doting dad as he poses for selfie with his lookalike daughter Alana to celebrate her seventh birthday

Black Friday Kim Kardashian Victoria Beckham Harry Styles Amanda Holden Britain's Got Talent Privacy Policy Tuesday, Nov 12th 2024 5-Day Forecast Advertisement Tragedy as heartbroken husband of Australian TV host dies two years after her suicide - leaving their three daughters orphaned Oil and gas is a 'gift from God', Azerbaijan tells Keir Starmer and theTaliban as thinly attended COP26 climate summit descends into farce... while PM commits to 81% cut in emissions Dementia expert reveals the exact age you should quit alcohol to ward off Alzheimer's Gary Lineker 'offered to take a pay cut before he was forced out of Match of the Day after he wasn't offered a new contract' - but he could now 'rake in millions' as his lucrative podcast is hosted by BBC I've been cuckolded twice by men I thought were friends. The first was a drunken opportunist - but the second took pride in utterly humiliating me Truth about your chances of surviving if you fall ill on a plane: A thousand people a year die due to medical emergencies on flights - and you might be alarmed at how little medical training most cabin crew have... Revealed: The towns with the most miserable weather in Britain that are yet to have a single MINUTE of sunshine. So, is yours among them? Autism may be caused by toxins breathed in by millions every day What kind of dog owner are YOU? Scientists say all pooch parents fit into three distinct categories Multi-billionaire who discovered her £32m Notting Hill mansion was 'infested with millions of moths who ate her expensive clothes and wine' sues the man who sold it to her Why it's so dangerous for doctors to dismiss heavy periods as 'normal': They could be a sign of a more serious condition which affects up to two in three women How a £400 brain zapper finally helped me conquer my depression: ANNE ATKINS suffered for 30 years and nothing worked - until she tried the headset now being rolled out on the NHS Will YOUR work ban WhatsApp? As NatWest stops staff from using the messaging system in an effort to meet compliance rules, could other financial firms soon follow suit Man arrested over manslaughter of ice hockey star Adam Johnson, 29, is re-bailed as probe into 'unprecedented' neck slash death in front of 8,000 fans continues 'Eunuch Maker' leader of extreme cult who cut off body parts for pay-per-view threw a wobbly after he was jailed for life, proceeds of crime hearing is told Urgent health warning to winter sun-seeking Brits as top holiday destination is gripped by multiple outbreaks Why these New Towns could be perfect for your next move: They're often dismissed as concrete jungles with too many roundabouts, but there are hidden gems - including one just 23 minutes from London with homes going for £350,000 Meet Britain's botanical Indiana Jones who leads expeditions into Earth's remote wildernesses in search of medicinal treasures... before using cutting-edge science to unlock their powers I inherited a tax-free pension from my husband who died before 75: What happens after the Budget and does my son face 'double tax' hit? Girl, 17, killed after being hit by a car on the M5 was struck escaping from a police car after officers had detained her Sophie's guiding hand: How the maternal Duchess of Edinburgh has played a comforting role to the Wales family during 'emotionally charged events' First-ever luxury sleeper train in England and Wales to launch in 2025: The 'Britannic Explorer' has a spa, food by super-chef Simon Rogan - and plush ensuite cabins start at £5,800 Anti-Airbnb protests spread to Milan as key boxes are vandalised by furious locals who say holiday lets are pricing them out of Italian city Pregnant wife had to direct ambulance as her injured husband lay dying in the back because driver didn't know the way to hospital, inquest hears Cristiano Ronaldo is every inch the doting dad as he poses for selfie with his lookalike daughter Alana to celebrate her seventh birthday Have YOU got a story? Email tips@dailymail.com By MADISON BURGESS Published:12:49 GMT, 12 November 2024 |Updated:12:52 GMT, 12 November 2024 Cristiano Ronaldo was every inch the doting dad as he posed for a selfie with his lookalike daughter Alana to celebrate her seventh birthday on Tuesday. The footballing legend, 39, shared a heartfelt message with his 642 million Instagram followers, as he celebrated the youngster's milestone. In Spanish, he gushed in the caption: '7 years of my princess❤️Happy birthday my love!' The rare family snap saw the sports star take a rare break from his usual career-focused posts to take the snap with his daughter, who he shares with his girlfriend Georgina Rodríguez. He smiled for the photo next to the birthday girl, who was wearing a pastel knitted sweater and matching headband for her big day. Cristiano Ronaldo was every inch the doting dad as he posed for a selfie with his lookalike daughter Alana to celebrate her seventh birthday on Tuesday Georgina also took to Instagram to share a sweet insight into the family's celebrations, posting a slew of snaps to her stories Georgina also took to Instagram to share a sweet insight into the family's celebrations, posting a slew of snaps to her stories. On Monday, she penned: 'Preparing the piñata for tomorrow,' next to a picture of the youngsters' piling sweets into plastic bags to put inside the party feature. She followed up with photos on Tuesday of Alana's birthday breakfast made up of a selection of churros, before the kids enjoyed some party games and bracelet making. Georgina later added another snap of the food, this time what looks like chopped up chorizo. Ronaldo's oldest son Cristiano Jnr, now 14, was born in the United States in 2010 but immediately taken back to Madrid to be raised in Spain. The identity of his mother is unknown. In June 2017, the Real Madrid star then surprised fans with the news he'd welcomed twins Eva and Mateo through a surrogate. Just one month later he and model Georgina announced they were expecting their first child together - Alana, who was born on November 12, 2017. In October 2021, the couple revealed they were expecting twins, however in April 2022 he shared the heartbreaking news that while baby girl Bella, now two, was born healthy, her brother Ángel had died. To celebrate, the children enjoyed some party games and bracelet making (Eva and Mateo pictured) Alana's mother Georgina posted pictures of Alana's birthday breakfast made up of a selection of churros On Monday, she penned: 'Preparing the piñata for tomorrow,' next to a picture of the youngsters' piling sweets into plastic bags to put inside the party feature She later added another snap of the food, this time what looks like chopped up chorizo Cristiano Ronaldo has a family of five children, with the eldest being Cristiano Jnr, now 14 Cristiano and Georgina have been together since 2016 after meeting in Madrid Georgina Rodriguez stuns in a beige midi dress at a bridal show during Saudi Arabia fashion week Alana's birthday celebrations come just after her mother Georgina revealed that she recently spent four days in hospital with pneumonia. In October, she shared a health update on her Instagram story which explained the news. She said: 'Finally back home! I spent four days in the hospital with pneumonia, I'm better now but still recovering at home with my family. 'I have to say a big THANK YOU to all the staff members, doctors, nurses and everyone at the hospital... they took care of me so wonderfully and I am very grateful for that. Thank you all for such a great stay.' The Sun reported that Rodriguez was admitted to Saudi German Hospital in Riyadh, Saudi Arabia, where she is based with Ronaldo. The influencer and model has been with the Portuguese superstar since 2016 after they met at a Gucci retail store in Madrid. During Rodriguez's time in hospital, Ronaldo played two games for Al-Nassr, scoring in a 2-1 Saudi Pro League victory over Al-Shabab last Friday, before his side won 1-0 against Iranian outfit Esteghlal in the AFC Champions League on Tuesday. When Ronaldo joined Al-Nassr in January 2023, it was reported that alongside Rodriguez, they were given permission by the rulers of the kingdom to live together. Alana's birthday celebrations come just after her mother Georgina revealed that she recently spent four days in hospital with pneumonia On her Instagram story, Rodriguez opened up on the news and thanked staff for their help This was an exception to the rule that unmarried couples are not allowed to live together in Saudi Arabia. Meanwhile, speaking in the latest season of her hit Netflix reality show, 'I Am Georgina', Rodriguez revealed how elated she was once she learned Ronaldo was moving to the Middle East at the end of 2022. 'When Cris told me he was going to play for Al-Nassr, I was so relieved because I really wanted to leave Manchester,' Rodriguez said. Rodriguez added: 'I knew something big was waiting for us and we were highly motivated. I was very happy to come to Saudi Arabia'. However, the couple and their kids' transition to life in Saudi Arabia was not smooth sailing. 'It all happened so quickly,' Rodriguez said. 'At the beginning, I had some ups and downs because we had never lived in a hotel for so long. There were days when I didn't want anyone to see me, but overall, I was very excited.' It follows the news that Georgina and her sister, Ivana, have hinted at a family feud as the former WAG has reportedly removed all traces of her sibling from social media. The model cleaned her Instagram of all snaps including her sister, 34, according to Mundo Deportivo. It follows the news that Georgina and her sister, Ivana, have hinted at a family feud as the former WAG has reportedly removed all traces of her sibling from social media Georgina and Ivana have appeared to have also unfollowed one another on the platforms. The Spanish outlet has suggested that there is some tension between the two despite Ivana keeping pictures of Georgina on her grid. And despite the reports of their possible feud, the reasons why are not yet known. The rumours are believed to have first started brewing when Ivana was barely seen throughout the second season of Georgina's Netflix show, I Am Georgina. MailOnline has contacted Georgina's representatives for a comment. 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Linda Lusardi gets £3.8k non-surgical face lift and says she feels '10 years younger' - after becoming 'depressed about her jowls' James Norton reveals he has put off having children 'because it wouldn't be fair to have them right now' as he details split from fiancée Imogen Poots Dwayne 'The Rock' Johnson finally addresses on set behavior controversy including 'peeing in bottles' Charli XCX leads the nominees at the Rolling Stone UK Awards with three nods as Raye and Dua Lipa are also honoured Movie director Cameron Crowe, 67, welcomes his 3rd child with publicist Anais Smith, 40 Liam Payne's 'drug dealer' speaks for first time: Argentinian waiter probed over One Direction star's death tells how singer took cocaine with him Robbie Williams announces three huge UK stadium shows as part of mammoth Live 25 tour Was Damian Lewis slamming Donald Trump? Actor appears to compare President-elect to his Wolf Hall alter-ego Henry VIII by claiming he's become 'disillusioned Tulisa unveils club-themed home makeover complete with huge dressing room, home gym, a bridge that leads to nowhere Gayle King fans warn her to be 'careful' after CBS host admits 'stepping out' of her comfort zone with Shaboozey Yellowstone star Cole Hauser says it would be a 'shame to stop' telling the Dutton family story Ellie Goulding shares a rare snap of son Arthur, 4, and kisses him on the cheek as they adorably dress in matching Spider-Man costumes Sunday Brunch viewers bombard show with complaints just minutes into episode - sinking claws into 'boring and unfunny' Channel 4 scenes Ben Affleck is only 'one errant remark' away from being cancelled and believes the 'phone could stop ringing' despite his success Eddie Redmayne and Úrsula Corberó put on a steamy display as husband and wife in scenes from Sky TV's The Day Of The Jackal Jamie Oliver enjoys Coldplay concert with a female friend in Sydney - after he pulled his children's book from the shelves Mike Tyson has ditched veganism, is on a sex and cannabis ban and training six hours a day to prepare to fight 27-year-old Jake Paul Your turn next? Fans go wild for adorable photo of 'auntie' Taylor Swift posing with fellow Chiefs WAG's baby 'I thought to myself, what if it had been my daughter?' Queen Camilla praises mother of woman killed by her ex - and admits she wouldn't be as 'dignified' in the same position Friends fans complain of 'plot hole' in well-known episode which still 'drives them wild' 26 years later Strictly's Nancy Xu says she is 'gutted' that she and Shayne Ward will miss out on Blackpool and that she finds it 'unfair' that he was 'criticised' Geri Horner pulls series of animated facial expressions as she wraps up warm in stylish white outfit for autumn walk Ant McPartlin looks exhausted as he works up a sweat during gruelling workout ahead of I'm A Celebrity Ali Larter, 48, came to fame for her whipped cream bikini in Varsity Blues - see her now The truth behind Ben Shephard's This Morning absence revealed as ITV star fronts new project worlds away from daytime hit James Norton's surprising health battle - fans shocked to learn newly single Happy Valley hunk lives with deadly illness Lauren Pope kicks off festive season a little too early putting up her Christmas tree as she reveals she had anxiety about last year due to being a single mother Radio 1 DJ Dean McCullough is the FOURTH star to arrive in Australia ahead of this year's I'm a Celebrity... Get Me Out of Here! How Sophie has become Kate's closest ally: 'Maternal' Duchess is a huge support to Princess of Wales - and it's come about because of void left by Meghan Furious Autumnwatch fans rage 'it's appalling and an insult to viewers!' as they skewer BBC for 'dumbing down' beloved nature show with complete overhaul Coleen Rooney reveals the secret to making her marriage with Wayne work as she confesses there were times she thought they wouldn't make it Emily Atack claims her party trick is 'worse than a one night stand' as she recalls the 'embarrassing' and 'horrendous' drunken night out Liam Payne larks about with close pal Rita Ora in unearthed video of them as the heartbroken singer pays tribute at the MTV EMAs Lorde shares a photo of a table littered with drugs and alcohol after celebrating her birthday Partied hard after celebrating with friends Keely Hodgkinson sparks concern as she displays her very sunburnt chest while posing in a tiny crop top during lavish holiday in Hawaii Tulisa reveals she'll QUIT showbusiness in the next two years despite wanting to relaunch solo career after I'm A Celebrity stint Major EastEnders 'Christmas spoiler REVEALED as actress accidentally leaves top secret script on train' MTV VMAs worst dressed: Flamboyant outfits that fell flat as A-listers swarmed the red carpet in Manchester Olivia Rodrigo announced as fourth headliner for BST Hyde Park - as her support act is confirmed Kate's meaningful messages: How Princess of Wales used her outfits to pay tribute to Diana, the late Queen and her great-grandmother during Remembrance events BBC Breakfast in ANOTHER hosting shake-up as Jon Kay disappears from show without explanation The Penguin fans hail season one ending as 'the best thing DC has made' as Colin Farrell gives six-word response to calls for a second series Dancing On Ice's Vanessa Bauer says the show's new 24-hour bullying hotline is 'very necessary' ahead of its return in 2025 Viewers defend Boots' 'fabulous' Christmas advert starring Bridgerton's Adjoa Andoh after 'snowflake' critics blasted 'woke' plot Leomie Anderson ditches her gown for a VERY skimpy nude co-ord as she joins Love Island's Indiyah Polack and Maya Jama at MTV EMAs after party Shirtless Mark Wahlberg, 53, orders a trolley full of ice on room service as he continues his wacky health regime Sophie's been supportive from the start! Duchess helped an 11-year-old Princess Beatrice as she fainted on the balcony on Remembrance Sunday Listen as Katie Price performs her 2017 song I Got U at The Clapham Grand - so do you think her vocals make the cut? Strictly fans are left FUMING as they accuse Shirley Ballas of being 'biased' for sending home Shayne Ward in nail biting dance off Rita Ora breaks down in tears as she pays moving tribute to close friend Liam Payne at the MTV EMAs Emotional moment Kristina Rihanoff poses for incontinence pad campaign after she and husband Ben Cohen put their £1.75m home up for sale amid financial woes James Argent shares passionate kiss with new girlfriend Nicoline Artursson as besotted couple pack on the PDA for romantic Bonfire Night date Victoria Beckham displays incredibly toned figure as she poses for a mirror selfie - after husband David gave her new beauty product rave reviews Ice Spice flashes her abs in a cropped varsity top and low-rise pleated skirt as she steps out for dinner in Paris after performing her Y2K! World Tour Rita Ora leads the red carpet glamour in a pink feathered gown as she joins glamorous Maya Jama, Vick Hope and Raye at the MTV EMAs Bonnie Blue issues defiant message after her Australian visa was torn up - but there's a glaring problem with her new X-rated plan EXCLUSIVEKate Middleton's Remembrance Day pain: Emotional Princess of Wales appeared 'sad but regal' at Cenotaph, says body language expert Paddy McGuinness reveals he got 'choked up' over the huge support he's had for his 300 mile charity cycle challenge after feeling 'down and dejected' Rita Ora flaunts her jaw-dropping figure in ELEVEN incredible looks as she makes history as host of the MTV EMAs Raye leaves fans speechless with her vocals as she takes to the stage alongside Tyla and Shawn Mendes at the MTV EMAs Charli XCX is snubbed at MTV EMAs despite five nominations while Chappell Roan also leaves empty handed Ben Affleck looks miserable as 'spectacular' Jennifer Lopez shows him what he's missing on red carpet Sabrina Carpenter fan urinates all over the concert floor in San Francisco Ben Affleck treats his son Samuel, 12, to courtside seats at star-studded Lakers vs. Raptors game in LA Ariana Grande and Cynthia Erivo offer apologies for crying so much during Wicked promotion Kate wears Diana's ring in public for the first time since Christmas: Sapphire engagement ring is back after Princess opted to wear eternity bands during treatment Art Garfunkel recalls recent tearful reunion with Paul Simon after 'not seeing each other' for many years Margot Robbie shows off her midriff in a crop top less than a month after giving birth as she steps out in LA SPOILER ALERT: The real reason Yellowstone bosses sealed Kevin Costner's fate in first 30 seconds of bombshell season return Wolf Hall: The Mirror And The Light review: Cromwell's so menacing his glare could split a skull, writes CHRISTOPHER STEVENS MTV EMAs WINNERS FULL LIST: Taylor Swift dominates with FOUR gongs including Best Artist... while Raye and Tyla also win The White Lotus season 3 teaser shows first look at Blackpink's Lisa as hospitality host Keith Urban scrapes $600K Rolls Royce after dropping nepo baby Sunday Rose off at Billie Eilish concert Gavin Rossdale looks loved up with his Gwen Stefani lookalike girlfriend Xhoana X at MTV EMAs Happy Monday's star Bez causes CHAOS as he REFUSES to let go of the mic from Rita Ora in hilarious moment at MTV EMAs Nicola Peltz Beckham says her 'heart is shattered' in emotional tribute to Quincy Jones as she promises to look after his daughter Camila Mendes debuts bold new look as she gears up to film live-action remake of Masters Of The Universe Emmerdale's James Moore reveals future family plans after marrying partner Sophie Edwards as bride recalls their first date N-Dubz singer Tulisa Contostavlos is the third star to arrive in Brisbane ahead of this year's I'm a Celebrity... Get Me Out of Here! Coleen Rooney will NOT be reunited with Wayne after her I'm A Celeb ordeal' as football fixtures leave him grounded EXCLUSIVEColdplay frontman Chris Martin's bizarre act before boarding a plane out of Australia bound for New Zealand Who left Strictly Come Dancing? Shayne Ward's dancing journey is over after receiving the lowest results and landing in the dance-off against Wynne Evans Strictly Come Dancing RECAP as Shayne Ward is eliminated in week eight after losing dance off to Wynne Evans Nicole Kidman looks elegant in a black coat and dress as she heads out in New York City s EXCLUSIVEViewers insist star of Lidl's Christmas advert is the 'double' of Princess Charlotte - so, who is the royal lookalike? Felicity Jones cuts a chic figure in a black blazer and jeans as she addresses the audience at a screening for her new film The Brutalist Shawn Mendes dons smart suit at MTV EMAs in first red carpet appearance since addressing sexuality Zoe Saldana and Kerry Washington glow in silky tops as they lead the stars at ACLU Bill of Rights Awards Christina Ricci oozes business chic in blazer dress at book signing in LA for her new tarot deck and guidebook Fans inundate Bruce Willis's wife with messages of support after she shares 'heartbreaking' video Right behind her Pregnant Gisele Bundchen puts on a leggy display in tiny shorts as she leaves her old house in Miami Beach with a large box Bradley Cooper's unrecognizable face in snap with Gigi Hadid sparks social media confusion: 'Is that AI Bradley?' SPOILER ALERT: Yellowstone femme fatale Sarah Atwood's involvement in John Dutton's brutal death is revealed in Season 5 Part 2 premiere Joker 2 star says it is the 'worst film ever made' and that he and his co-stars knew it was 'going to bomb' while filming Michelle Keegan and Mark Wright show off VERY lavish Christmas lights and decorations at £3.5m Essex mansion Georgia Toffolo stuns in a sheer gown as she celebrates 30th birthday and proposal from James Watt with personalised beer Kim Kardashian embraces on-screen mother Glenn Close as they film Ryan Murpjy's new Hulu series All's Fair Ariana Grande fans point out NSFW error on Mattel's Wicked doll packaging - as collection risks mass recall Surfing royals: How Princess Diana sparked her sons' love for the ocean after Prince Harry recently rode waves in California and Prince William surfed chilly Scottish waters Rihanna looks totally at ease as she sits in front of her own Fenty Beauty ad at a bus stop in humorous post Halsey and fiancé Avan Jogia look loved-up at Lakers vs. Raptors NBA game in LA Prince Edward remembers 'all who have made the ultimate sacrifice' as he lays Remembrance Sunday wreath Big Brother viewers SLAM show's 'totally unfair' final twist just days ahead of grand finale: 'Sack whoever came up with this idea!' ROBERT HARDMAN: Courage of the Princess of Wales on parade - in a sign of what matters MOST to the royals Big target Khloe Kardashian throws niece Dream a soccer-themed 8th birthday bash No expense spared Jedward put on a VERY animated display in matching sequinned suits as they lark about on the red carpet at the MTV EMAs Rita Ora's proud mum Vera, 60, wears a chic black suit as she supports her daughter on the MTV EMAs red carpet Halsey and new fiancé Avan Jogia look loved up while enjoying a romantic lunch in NYC Yellowstone's surprising connection to Australia... and it's not actress Jacki Weaver Amelia Gray Hamlin puts on an edgy Y2K display in low-waisted jeans and busty tank top in Milan Elon Musk slams Dana Carvey's impression of him on post-election SNL and says show's been 'dying for years' Air Bud's Kevin DiCicco says he's homeless and dealing with major health problems James Bond fans have revealed the very unlikely Aussie who should play the next 007 Interesting choice Tulisa Contostavlos 'set to use I'm A Celebrity as launchpad for new solo career' as N-Dubz singer becomes third star to arrive EXCLUSIVEShe's the seductive 60s TV actress who was called the 'feline devil' by an iconic vigilante superhero - can you guess who? Today's headlines Tragedy as heartbroken husband of Australian TV host dies two years after her suicide - leaving their three... Oil and gas is a 'gift from God', Azerbaijan tells Keir Starmer and the Taliban as thinly attended COP26... Dementia expert reveals the exact age you should quit beer to ward off Alzheimer's Gary Lineker 'offered to take a pay cut before he was forced out of Match of the Day after he wasn't offered... I've been cuckolded twice by men I thought were friends. The first was a drunken opportunist - but the... Truth about your chances of surviving if you fall ill on a plane: A thousand people a year die due to... Revealed: The towns with the most miserable weather in Britain that are yet to have a single MINUTE of... Autism may be caused by toxins breathed in by millions every day - as scientists reveal states most at risk What kind of dog owner are YOU? Scientists say all pooch parents fit into three distinct categories Daughter of Georgian multi-billionaire sues for over £36million after dream London mansion was 'infested... Why it's so dangerous for doctors to dismiss heavy periods as 'normal': They could be a sign of a more... How a £400 brain zapper finally helped me conquer my depression: ANNE ATKINS suffered for 30 years and... Will YOUR work ban WhatsApp next? As NatWest stops staff from using the messaging system in an effort to... Man arrested over manslaughter of ice hockey star Adam Johnson, 29, is rebailed as probe into... 'Eunuch Maker' leader of extreme cult who cut off body parts for pay-per-view threw a wobbly after he was... Urgent health warning to winter sun-seeking Brits as top holiday destination is gripped by multiple... Why these New Towns could be perfect for your next move: They're often dismissed as concrete jungles with... Meet Britain's botanical Indiana Jones who leads expeditions into Earth's remote wildernesses in search of... I inherited a tax-free pension from my husband who died before 75 - what happens after Budget changes? Girl, 17, killed after being hit by a car on the M5 was struck escaping from a police car after officers had... Sophie's guiding hand: How the maternal Duchess of Edinburgh has played a comforting role to the Wales... First-ever luxury sleeper train in England and Wales to launch in 2025: The 'Britannic Explorer' has a spa,... Anti-Airbnb protests spread to Milan as key boxes are vandalised by furious locals who say holiday lets are... Pregnant wife had to direct ambulance as her husband lay dying in the back because driver didn't know the... Revealed: Asylum seeker was on parole for rape and had avoided deportation despite numerous convictions when... Martin Lewis issues urgent warning to millions of Tesco Clubcard holders who can claim £18m worth of... How Donald Trump's influencer granddaughter Kai is riding his coattails to fame and is now a YouTube... The rise of the tech bro-conomy: How Trump presidency could make world's crypto bros BILLIONS with experts... Oprah Winfrey breaks silence on 'being paid $1million to support Kamala Harris' campaign Obama aide anoints the next Democrat presidential candidate and delivers damning verdict on Kamala's future My handsome, sporty 17-year-old son died in an instant after making a split-second decision... my life has... NADINE DORRIES: Boris is the ONLY man who can help Labour work with Trump Winter is coming: UK weather map reveals snow to hit the north after plunge to 0.3C following weeks of... Labour's pipe dream: Starmer to ban gas boilers in new homes and force developers to install electric heat... My husband agreed that I am fatter than our sister in law - I'm so upset but people say I'm overreacting Vladimir Putin was 'hours' from detonating a nuclear weapon in Ukraine and Britain was preparing for the... Millions will get their £10 DWP Christmas bonus soon - here's everything you need to know Wheel of Fortune contestant goes viral with one of the most hilarious wrong answers ever New 'gold' pill that could spell the end of hangovers: It sounds too good to be true, but scientists may... The Church of England's most prolific abuser John Smyth beat scores of boys till they bled. GUY ADAMS... ALAN MENDOZA: If Starmer really wants to stop illegal migrants, he should encourage the rest of the EU to... Parents' fury after school tries to 'ban' Christmas references from its festive pantomime so it can be... Harvard doctor reveals the scary truth about drinking too much water and why it is not always safe EDEN CONFIDENTIAL: What made Harry Styles flee chef Jamie Oliver's £15m home? Maura Higgins enjoys final date night with new flame Pete Wicks before she heads to Australia for I'm A... Loose Women's Jane Moore is the ninth star to touch down in Australia for I'm A Celeb as she reveals her... I'm A Celeb's Coleen Rooney reveals vast list of instructions to look after her four children on two HUGE... Coleen Rooney breaks silence on rumours she's set to miss string of I'm A Celebrity trials after detailing... Coleen Rooney reveals her bad trait - that even husband Wayne will be glad of a break from - as she heads to... The REAL reason Meghan loves to wear red, according to a style expert... and it's not what you think MORE HEADLINES It's so unfair I face 60 years in US jail, says British beautician drug mule: I didn't realise Mexican strangers' mystery suitcases would turn out to be filled with £15m of cocaine Fury in Sweden at video of Syrian asylum seeker pushing a 91-year-old widow down stairs before violently mugging her as she visits husband's grave The truth about how accurate that shocking Wolf Hall scene showing Anne Boleyn's execution really was Terrified friends burned to death 'trapped inside crashed Tesla after its electronic doors failed' Heartbroken husband of TV host Erin Jayne Plummer dies suddenly, two years after his wife's tragic suicide - leaving their three daughters orphaned Vladimir Putin was 'hours' from detonating a nuclear weapon in Ukraine and Britain was preparing for the fallout One of the founders of world's oldest Breastfeeding support charity QUITS in protest at inclusion of transgender women - and says organisation has 'become a travesty of my original intent' Two mothers who 'refused to Covid quarantine' in hotels after flying to Dubai to get breast enlargements face prison in Ireland More than 3,000 privately-educated pupils applied to join state schools between June and September as Labour's VAT tax raid forces parents to pay extra £2,000 on fees Jill Biden gives Kamala Harris the cold shoulder after husband Joe was forced out of race the VP lost to Trump Phil Foden's party-loving mother blasted by neighbours for 'deafening Disneyland two-hour fireworks display' at her £3.5m Cheshire mansion 'that left pets and children in immense distress' Mother is torn apart by pack of wild dogs on her walk to work after making desperate last phone call begging for help British mother died during weightloss surgery in Turkey after seeking treatment abroad because she couldn't get Ozempic, inquest hears The Skegness property gold rush: It's rated the world's worst holiday resort, but 'Skeggy' is now creating a new seaside millionaires' row to rival Sandbanks The Church of England's most prolific abuser John Smyth beat scores of boys till they bled. GUY ADAMS asks... why did no one in authority tell the police about the abuse by top barrister who exchanged Christmas cards with Justin Welby for years? Moment 'six-foot black cat stalks through UK field hunting prey' as locals reveal fears a 'panther' is on the loose Oprah Winfrey breaks silence on 'being paid $1million to support Kamala Harris' campaign Artisan potter wins bitter £300k four-year battle with painter neighbour over ownership of 4ft-wide stream dividing their gardens BBC axes Paddy McGuinness comedy about his life and divorce amid concerns it would be 'insensitive' to his former wife Christine after their break-up Parents' fury after school tries to 'ban' Christmas references from its festive pantomime so it can be 'inclusive' for children of all faiths M5 crash: Girl, 17, killed after being hit by car - as police close the major motorway to investigate Pregnant wife had to direct ambulance as her husband lay dying in the back because driver didn't know the way to hospital, inquest hears Trump border czar Tom Homan has a blunt message for his critics as he defends his mass deportation plan Primary school teacher, 57, took fatal overdose after being urged to 'find a new hobby' by her GP to battle her depression, inquest hears Melania Trump snubs Jill Biden: First Lady makes revealing first move by skipping traditional White House meeting School Head of English wants Shakespeare axed for GCSEs because it 'sends pupils and teachers to sleep' and TikTok and Instagram posts studied instead Strongman filmed lifting a Ford Transit van and pulled tractor with his bare hands while claiming car crash had left him unable to carry shopping bags in 'blatantly dishonest' insurance claim Axing Lineker will save BBC 'millions': Gary breaks cover as it's revealed he was 'open' to staying at MOTD but bosses didn't offer him a new contract because they want to 'give the show a facelift' Shock over woman with 'blackface' make up and cotton stuck to her at German carnival THE DUCHESS OF YORK: I'm on a mission to rid nappies of plastic - with my fifth grandchild on the way How undercover cops posing as lorry drivers pulled off Britain's biggest drugs bust EVER after finding two tonnes of cocaine worth £186m hidden in cargo of bananas from Colombia I'm a survivor of child abuser John Smyth... Archbishop Justin Welby put his reputation above victims and now he needs to resign Pictured: Schoolgirl, 12, who tragically died after being hit by falling tree branch as devastated family pay tribute to 'shining light' I went to the Le Creuset sale and it was HELL, it was absolute chaos and organisers completely underestimated turn-out - I won't be going back unless things change Keir Starmer joins the Taliban in Azerbaijan to teach the world about climate change: PM cuts a lonely figure after the US, Germany, India and China all snub green 'talking shop' Moment girl wearing headphones is run over by a train while crossing tracks - and somehow survives with minor injuries Justin Welby 'has lost confidence of the clergy': Archbishop of Canterbury facing mounting pressure to quit for 'ignoring' sex abuse by Church of England's most prolific abuser Stephen Fry and Sophie Winkleman join host of celebs sending bizarre letter to Sadiq Khan demanding he change Tube's 5G advertising to tell customers it's fine NOT to use it Man charged with murder after 77-year-old stabbed to death at London market amid rampage that saw two others rushed to hospital with knife wounds Axing the name Snowdon for Wales's highest mountain in 2022 is deemed a success by the councillors responsible - so do YOU have a clue what it's now called? MOST READ IN DETAIL NEW ARTICLESHomeTop Back to top Video Archive Topics Index Mobile Apps Screensaver Text-based site Reader Prints Top of page Mail on Sunday This is Money Mail Travel Published by Associated Newspapers Ltd Part of the Daily Mail, The Mail on Sunday & Metro Media Group How to complain Leadership Team Advertise with us Contributors Subscription Terms & Conditions Do not sell or share my personal information About MailOnline Privacy Settings Privacy policy & cookies Advertisement Advertisement

 2024-11-12 12:52:22

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Fynzon Launches P2P Crypto Marketplace, Empowering Secure and Accessible Digital Asset Trading

Fynzon, a fintech service company,has announced the launch of its peer-to-peer (P2P) cryptocurrency marketplace. This decentralized platform is designed with security, user convenience and regulatory compliance in mind, enabling users to buy and sell digital assets seamlessly. Fynzon's robust Know Your Customer (KYC) protocols ensure safety at every transaction step. Fynzon Launches P2P Crypto Marketplace Fynzon P2P offers users a streamlined experience to trade their preferred currencies directly with others, backed by advanced fraud prevention and compliance measures. "Our P2P marketplace provides a safe, user-friendly environment for digital asset trading, bridging the gap between security and ease of use. With features like KYC verification and secure wallets, Fynzon is setting a new standard in P2P cryptocurrency exchanges, said Amit Singh, Founder, Fynzon. In its initial phase, Fynzon aims to grow its user base through targeted marketing, strategic partnerships and a series of incentives such as a 10 USDT welcome bonus and a referral bonus to the new user you give a reference to. Key priorities include strengthening platform security, refining KYC protocols and enhancing fraud prevention measures. As part of its commitment to user experience, Fynzon plans to expand its wallet and trading functionalities to include additional currencies, greater liquidity and user-driven interface improvements. Additionally, the company is also registered with Dun & Bradstreet, reinforcing its dedication to trusted and credible business practices. Fynzon plans to scale its platform internationally and establish partnerships with financial institutions and blockchain companies to drive credibility and adoption. The company is poised to invest in artificial intelligence and blockchain advancements, optimizing the platform to support efficient trading, enhanced cross-chain capabilities and localized user support in high-demand markets. The company plans to comply fully with local laws and build trust with enhanced KYC procedures. They aim to foster a strong community of active users who can engage with and benefit from its offerings. Fynzon also plans to launch a merchant module that will offer customers a platform for payment transactions, such as payouts, refunds, tax payments, salaries, and more. Fynzon stays ahead by actively tracking industry trends and advancements. With a strong focus on integrating the latest in fintech and blockchain, the platform delivers faster transactions, cost saving and enhanced cross-chain capabilities. As digital assets gain traction as mainstream currency, Fynzon's low, competitive fees make it accessible to both new and experienced crypto enthusiasts, with plans to adjust fees gradually as its user base grows. About Fynzon In the dynamic world of fintech, peer-to-peer (P2P) marketplaces have become a leading choice for trading digital assets. With Fynzon P2P, you can easily buy and sell your preferred currencies, all while benefiting from our secure transaction process that includes robust KYC procedures to ensure safety until both parties finalize the trade. Follow us on: LinkedIn, Facebook, YouTube, Instagram, Twitter

 2024-11-12 12:49:32

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Bitcoin has topped $87,000 for a new record high. What to know about crypto’s post-election rally

NEW YORK (AP) — As money continues to pour into crypto following Donald Trump’s victory last week, bitcoin has climbed to yet another record high. The world’s largest cryptocurrency topped $87,000 for the first time on Monday. As of around 3:45 p.m. ET, bitcoin’s price stood at $87,083, per CoinDesk, up over 28% in the last week alone. That’s part of a rally across cryptocurrencies and crypto-related investments since Trump won the U.S. presidential election last week. Analysts credit much of the recent gains to an anticipated “crypto-friendly” nature of the incoming administration, which could translate into more regulatory clarity but also leeway. Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, others continue to warn of investment risks. Here’s what you need to know. Back up. What is cryptocurrency again? Cryptocurrency has been around for a while now, but has come under the spotlight in recent years. In basic terms, cryptocurrency is digital money. This kind of currency is designed to work through an online network without a central authority — meaning it’s typically not backed by any government or banking institution — and transactions get recorded with technology called a blockchain. Bitcoin is the largest and oldest cryptocurrency, although other assets like Ethereum, Tether and Dogecoin have gained popularity over the years. Some investors see cryptocurrency as a “digital alternative” to traditional money — but it can be very volatile, and reliant on larger market conditions. Why are bitcoin and other crypto assets soaring now? A lot of it has to do with the outcome of last week’s election. Trump was previously a crypto skeptic, but changed his mind and embraced cryptocurrencies during this year’s presidential race. He has pledged to make the U.S. “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. His campaign accepted donations in cryptocurrency and he courted fans at a bitcoin conference in July. He also launched World Liberty Financial, a new venture with family members to trade cryptocurrencies. Crypto industry players welcomed Trump’s victory, in hopes that he would be able to push through legislative and regulatory changes that they’ve long lobbied for. And Trump had previously promised that, if elected, he would remove the chair of the Securities and Exchange Commission, Gary Gensler, who has been leading the U.S. government’s crackdown on the crypto industry and repeatedly called for more oversight. “Crypto rallied as Election Day progressed into the night and as it became increasingly clear that Trump would emerge victorious,” Citi analysts David Glass and Alex Saunders wrote in a Friday research note, pointing to larger industry sentiment around Trump being “crypto-friendly” and a potential shift in regulatory backing. Even before the post-election rally, assets like bitcoin posted notable gains over the past year or so. Much of the credit goes to early success of a new way to invest in the asset: spot bitcoin ETFs, which were approved by U.S. regulators in January. Inflows into spot ETFs, or exchange-traded funds, “have been the dominant driver of Bitcoin returns from some time, and we expect this relationship to continue in the near-term,” Glass and Saunders noted. They added that spot crypto ETFs saw some of their largest inflows on record in the days following the election. What are the risks? Crypto assets like bitcoin have a history of drastic swings in value — which can come suddenly and happen over the weekend or overnight in trading that continues at all hours, every day. In short, history shows you can lose money as quickly as you’ve made it. Long-term price behavior relies on larger market conditions. At the start of the COVID-19 pandemic, bitcoin stood at just over $5,000. Its price climbed to nearly $69,000 by November 2021, in a time marked by high demand for technology assets, but later crashed during an aggressive series of Federal Reserve rate hikes aimed at curbing inflation. Then came the 2022 collapse of FTX, which significantly undermined confidence in crypto overall. At the start of last year, a single bitcoin could be had for less than $17,000. Investors, however, began returning in large numbers as inflation started to cool — and gains skyrocketed on the anticipation and then early success of spot ETFs. While some crypto supporters see the potential for more record-breaking days, experts still stress caution, especially for small-pocketed investors. “Investors should only dabble in crypto with money that they can be prepared to lose,” Susannah Streeter, head of money and markets at Hargreaves Lansdown, said last week. “Because we’ve seen these wild swings in the past.” What about the climate impact? Assets like bitcoin are produced through a process called “mining,” which consumes a lot of energy. And operations relying on pollutive sources have drawn particular concern over the years. Recent research published by the United Nations University and Earth’s Future journal found that the carbon footprint of 2020-2021 bitcoin mining across 76 nations was equivalent to the emissions from burning 84 billion pounds of coal or running 190 natural gas-fired power plants. Coal satisfied the bulk of bitcoin’s electricity demands (45%), followed by natural gas (21%) and hydropower (16%). In the U.S., the Energy Information Administration notes that crypto mining across the country has “grown very rapidly over the last several years,” adding that grid planners have begun to express concern over increases in related electricity demand. Preliminary estimates released by the EIA in February suggest that annual electricity use from crypto mining probably represents between 0.6% to 2.3% of U.S. electricity consumption. Environmental impacts of bitcoin mining boil largely down to the energy source used. Industry analysts have maintained that clean energy has increased in use in recent years, coinciding with rising calls for climate protections from regulators around the world. AP Business Writer Kelvin Chan contributed to this report from London. (Copyright (c) 2024 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

 2024-11-12 12:45:37

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The Emergence of the Tech-Savvy Economy: Impact of Trump’s Presidency on Crypto Enthusiasts’ Potential Profits, with Bitcoin Expected to Reach $100,000 and Tesla Stocks Soaring.

Donald Trump’s election victory has poured rocket fuel on the tech and crypto-focused ‘Bro-conomy’ – and British bros are among those hoping to cash in. Bitcoin has been the most obvious beneficiary of the ‘Trump pump’, with the world’s most popular digital at an all-time high after surging nearly 30 per cent since election day last Tuesday to hit $88,600 (£66,100) today. Crypto experts across the pond have taken note, with one London-based research firm saying it is ‘quite possible’ Bitcoin could reach $100,000 (£78,000) by the president elect’s inauguration in January. ‘Bro in Chief’ and prominent Trump supporter Elon Musk has also benefitted handsomely from Mr Trump’s victory, and shares in Tesla up more than 40 per cent since election day – pushing his net worth up an estimated $54billion (£42bn). Tesla was the most popular stock purchase last week on Hargreaves Lansdown – the UK’s biggest platform for private investors – and it is one of the largest holdings for the country’s biggest investment trust, Scottish Mortgage. Appealing to the ‘Bro Vote’ was a central platform of Mr Trump’s re-election campaign and helped him pick up a larger portion of voters under 30 than any Republican presidential candidate since 2008. With his teenage son, Barron, acting as his unofficial adviser, the 78-year-old sat down with podcasters known for having a large male audience, including Joe Rogan and videogame streamer Adin Ross. He even went on to launch his own cryptocurrency business, World Liberty Financial, while his campaign flogged an ‘America First Collection’ of NFTs costing $99 each. Mr Trump has not always been a fan of crypto and during his first presidential term described Bitcoin and other digital currencies as ‘highly volatile and based on thin air’. But egged on by true believers like Elon Musk, the Republican changed his tune on the campaign trail, attacking President Biden’s crackdown on crypto and promising a ‘strategic national Bitcoin stockpile’. His new-found enthusiasm has been of immense benefit to tech bros around the world, including in the UK – even as financial experts warn crypto is immensely volatile and could crash at any time. Nigel Green, the British head of investment firm deVere, has called Mr Trump’s crypto-friendly stance the ‘most significant tailwind we’ve seen for Bitcoin since its inception’. His resounding win has provided momentum to other major digital currencies, including Ethereum – up 39 per cent since the election last week – and Dogecoin, a joke cryptocurrency promoted by Musk that is now 98 per cent higher. Flows into cryptocurrency exchange-traded funds (ETFs) have also picked up since Trump’s election win. On Thursday, November 7, Bitcoin ETFs experienced their largest inflows on record, drawing a net $1.38bn (£1bn), according to Citigroup. ‘There have been significant inflows across the board,’ Citi analysts said in a note. ‘ETF inflows have been the dominant driver of Bitcoin returns, and we expect this to continue in the near-term.’ So strong was the uptick that the crypto sector is now estimated to be worth £2.2 trillion, more than the market cap of the entire FTSE 100 at just over £2 trillion. Crypto enthusiasts are particularly excited about the president-elect’s pledge to sack Gary Gensler, the head of the US financial watchdog who has led a years-long crackdown on the industry. The morning after the election, crypto boss Cameron Winklevoss tweeted: ‘gm [good morning] @GaryGensler – you’re fired!’. JD Vance, Mr Trump’s vice president, has owned Bitcoin since 2021, his financial disclosures show, with the most recent in August putting his stockpile at between $250,000 and $500,000. Eric Trump, one of the president-elect’s sons and executive vice president of his private conglomerate, The Trump Organization, is a keynote speaker at a Bitcoin conference in Abu Dhabi next month. Mr Trump’s vow to make the US the ‘crypto capital of the planet’ will be made easier to fulfill if Republicans win control of Congress as expected – cementing their clean sweep of both houses. ‘Bitcoin’s Trump-pump is alive and well… with Republicans on the cusp of taking the house to confirm a red wave in Congress, it seems the crypto crowd are betting on digital-currency deregulation,’ said Matt Simpson, senior market analyst at City Index. The cryptocurrency industry spent more than $119m (£92.8m) backing pro-crypto congressional candidates, many of whom won their races. In Ohio, one of the crypto industry’s biggest foes in Congress – Senate Banking Committee Chair Sherrod Brown – was ousted, while pro-crypto candidates from both the Democratic and Republican parties won in Michigan, West Virginia, Indiana, Alabama and North Carolina. Crypto lobbyists’ biggest coup was persuading Mr Trump to give the keynote speech at the 2024 Bitcoin Conference in Nashville, where he vowed to fire Mr Gensler on ‘day one’ – winning cheers from delegate who consider him a hate figure for his pursuit of crypto firms for alleged violations of securities laws. In a full-throated defence of the industry that would have warmed the hearts of crypto bros worldwide, he said: ‘If we don’t embrace crypto and Bitcoin technology, China will, other countries will, they’ll dominate, and we cannot let China dominate. And promising a brighter future ahead, he told the crypto world to ‘never sell your Bitcoin’ – advice many appear to be taking on board.

 2024-11-12 12:39:05

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Analysts Foresee Market Euphoria As Bitcoin Surges To $89,000 Over Trump Victory

Bitcoin reached a new peak on Monday, with the cryptocurrency rally persisting after Donald Trump’s election victory, soaring to an impressive $89,000 amid the recent surge in the crypto market. The flagship cryptocurrency has surged by 9.4% in the last 24 hours and a whopping 29.6% in the last 7 days. According to Coingecko’s data, Bitcoin is currently exchanging hands for $89,123 just $1,000 shy of a major milestone of $90,000 Several analysts believed that the current bull run is quite euphoric and temporary. They warned that traders should be cautious about buying further during the market euphoria citing impending volatilities and Price correction. The co-founder of Morph, Azeem Khan argued that with Bitcoin crossing the $85,000 mark the crypto market is currently in Euphoria. Khan cautioned traders against further buying due to the likelihood of a future correction. “Now that Bitcoin has crossed $85k, we’re absolutely at the place where euphoria has set into the market,” Khan stated. “Where it goes from there is hard to say… since we’re so early in euphoria I’d say we’re back at the place where people who don’t care about crypto from our families will be asking us what tokens to buy,” he added. Analysts at Singapore-based QCP Capital echoed Khan’s views in their assessment of the current situation. They emphasize the importance of exercising caution, drawing their conclusions from a technical standpoint. The analysts pointed out the significant increase in perpetual funding rates and basis yield which indicates over-leveraging. Bitcoin’s rally has taken the crypto market by storm since the United States election week which ended in victory for former president Trump. On the last day of October, Bitcoin was struggling to break through its all-time high of $73,737, but in November, Bitcoin smashed its all-time high, rising to $89,000.

 2024-11-12 12:37:51

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TechScape: Will Elon Musk fire a third of the US government?

Hello, and welcome to TechScape. I’m Blake Montgomery, US tech editor at the Guardian. In this week’s newsletter: Elon Musk and Donald Trump want to create a “Department of Government Efficiency”, crypto wins big across the board, and a modern equivalent of Lysistrata takes hold on TikTok. Thank you for joining me. Trump, president-elect of the US, said he wants to appoint Musk, the world’s richest man, as the country’s “secretary of cost-cutting” to reduce bureaucracy in the federal government by an order of $2tn, roughly a third. Trump announced in September that he would create a “Department of Government Efficiency”. Musk had pushed for the idea and has since relentlessly promoted it, emphasizing the acronym for the agency: Doge, a reference to a meme of an expressive Shiba Inu. Trump said the agency will be conducting a “complete financial and performance audit of the entire federal government, and making recommendations for drastic reforms”. In a video posted on X two days after the election, Trump said he would “immediately re-issue my 2020 executive order, restoring the president’s authority to remove rogue bureaucrats”. He wants to “clean out the deep state”. His promises echo his slogan on The Apprentice: “You’re fired!” Project 2025, an influential and controversial blueprint for Trump’s second term, lays out ways to make bureaucrats fireable. Musk has extensive experience slashing corporate spending and he’s promised to cull federal payrolls in much the same way. He cut staff at X, formerly Twitter, by 80% after buying it in 2022, a move he said prevented a $3bn shortfall, but has not otherwise paid off. Revenue is in steep decline and advertisers have absconded, making a comeback seem unlikely. As the CEO of SpaceX, though, he has garnered a reputation for launching rockets more cheaply than competitors by negotiating with suppliers and keeping operations lean. The billionaire does not seem to be under illusions of what will happen after his proposed cuts, admitting that reducing spending “necessarily involves some temporary hardship”. Americans do want to spend less – of their own money. Do they want austerity and less financial assistance from the federal government? Do they want the world’s richest person admonishing them to cut their expenses? Musk has already asked Trump to appoint SpaceX employees to top government positions, the New York Times reports. The president-elect promised to ban bureaucrats from taking jobs at the companies they regulate. Such a rule would seem to bar SpaceX’s lieutenants from the Pentagon’s door. But the president-elect has never shied away from cronyism. The two are not trying to avoid the appearance of a conflict of interest: Musk’s role in the government will be structured so that he can maintain control of his companies, the Financial Times reports. In his first term, Trump and his team struggled to fill the thousands of government appointments needed to run the federal government. Former New Jersey governor Chris Christie said the administration never fully recovered from its failure to find those appointees. Perhaps adding Musk to the equation is meant to prevent a repeat of such laggardliness. In an extreme version of the new administration, Trump and Musk simply eliminate any position for which they can’t find a friendly appointee. In John Kennedy Toole’s Pulitzer-winning 1980 novel A Confederacy of Dunces, the idiot hero, tasked with organizing an intractable pile of files at his new job, eradicates the company’s mess. Ignatius J Reilly is no genius of organization, though; he is just throwing cabinets full of records away. It is easy to imagine Trump and Musk following his example. What will stand in Musk’s way, however, is one of his sworn enemies: labor law. Tesla is the only major US carmaker that does not employ a unionized workforce. The billionaire CEO wants to keep it that way. Federal government employees, by contrast, enjoy strong employment protections that would hinder Musk’s slash-and-burn approach to cost-cutting and possibly render it impossible. For all the different companies he runs, Musk has little experience managing public sector employees. He may find them less pliable lions than he is used to taming. Read more about the remarkable four months that saw Elon Musk go from refusing to endorse a candidate to becoming perhaps the most powerful man in American politics after Donald Trump. And read more about how a second Trump term could enrich Musk. Crypto companies poured $135m into US elections – what did they get for it? Quite a lot, it seems. In 48 races that saw donations by cryptocurrency’s biggest Pac, Fairshake, every candidate backed by the industry has won, Bloomberg reports. More than 60% of that cash supported Republicans or opposed Democrats, per Bloomberg. The industry placed its biggest bet in Ohio, where Republican Bernie Moreno faced off against popular incumbent Democratic senator Sherrod Brown. Moreno received $40m from cryptocurrency companies. Brown chaired the Senate banking committee and wanted tighter regulation on digital currency. Earlier this year, crypto companies spent $10m to attack Katie Porter, a proponent for more stringent cryptocurrency laws, in the California senate primary. Porter lost. Protect Progress, another pro-crypto Pac, spent $10m each on Senate races in Arizona and Michigan where crypto wasn’t much of an issue. Both its favored candidates had voted in support of the industry on key bills, though. In addition to the long-term benefits of a friendly, less restrictive regulatory environment, the crypto industry has made immediate financial gains. Bitcoin is trading at record highs, breaking $75,000 late Tuesday night. Fairshake did not make a contribution in the presidential race but stands to benefit from its outcome anyway. Trump sells his own cryptocurrency now and supports the industry with his full throat, reversing his position on crypto from his first term. Musk has acted as a hype man for cryptocurrency, particularly Dogecoin, years before it was popular. (Harris neither embraced nor rejected the crypto.) Musk especially seems amenable to one of crypto’s highest priorities – the firing of Gary Gensler, the securities and exchange chair. Coinbase, the second-largest cryptocurrency exchange in the world, gave Fairshake $25m. Coinbase’s CEO, Brian Armstrong, wrote the day after the US election: “DC received a clear message that being anti-crypto is a good way to end your career.” He may be right. The industry is second in political contributions only to fossil fuel companies, according to the consumer advocacy non-profit Public Citizen. This week on my iPhone I’m watching a dystopian coffee shop comedy on Instagram and reading about why the South Korean 4B movement – a modern, real-life Lysistrata – is going viral on TikTok. My colleague Alaina Demopoulos writes: The basic idea: women swear off heterosexual marriage, dating, sex and childbirth in protest against institutionalized misogyny and abuse. (It is called 4B in reference to these four specific no-nos.) The mostly online movement began around 2018 protests against revenge porn and grew into South Korea’s #MeToo-esque feminist wave. In the wake of Trump’s victory, she writes, 4B is on American women’s minds. The wider TechScape Australia will ban under-16s from using social media. But how? Canada orders TikTok to close offices over “security risks”. Tech and business leaders are congratulating Trump. Meta is allowing the US to use the company’s AI for military purposes after an embarrassing scandal involving the Chinese military. AI companies are psyched for less red tape. Case in point: the man in charge of tech policy on Trump’s transition team works at an artificial intelligence startup worth $14bn, giving the impression that we won’t see any restrictive regulation of AI from the new administration. “Better, faster, cheaper”: that’s the verdict by our consumer technology editor, Samuel Gibbs, gives Apple’s MacBook Pro M4 in this five-star review.

 2024-11-12 12:30:27

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Bitcoin To Peak Between $100K-150K, Solana To Top $600 This Cycle, Say Hedge Funds, VCs

A group of polled venture capital firms and hedge funds expected Bitcoin BTC/USD to peak between $100,000 and $150,000 this bull cycle, down from the astronomical forecasts set by other market researchers. What happened: According to the "Q4 2024 Crypto Investment Manager Survey" by venture capital firm MV Global, nearly 45% of the respondents projected the top cryptocurrency to stay within the aforementioned range. These estimates were somewhat modest when compared to global investment bank Standard Chartered’s price target of $200,000 by end-2025 and investment management company VanEck's prediction of $300,000. "Our conjecture is the upside sentiment has been reduced because of the last six months of market chop. In other words, the upside-tail is much less priced in," MV Capital said in the report. Meanwhile, nearly half of the interviewed investors believed Bitcoin would peak in the second half of 2025, a position consistent with popular opinion. Most participants anticipated huge upside potential for Solana SOL/USD, with over 30% predicting a peak of over $600 this cycle. This would mean a 172% spike from the current market value. Just over 23% expected the fourth-largest cryptocurrency to peak between $450,000 and $600,000. See Also: Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk’s Call For New Roles Recommendations In Trump Administration A third of participants expected Ethereum ETH/USD to peak between $3,000 and $5,000, while the other third expected the second-largest cryptocurrency to top in the $5,000-$7,000 range. "High conviction that both ETH and SOL outperform BTC this cycle, but SOL has much more upside," MV Capital quoted a liquid fund analyst as stating. Why It Matters: The prediction markets have been energized amid the cryptocurrency market's record-breaking rally. Bitcoin tapped an all-time high of $89,500 on Monday, representing a surge of nearly 30% over the week. The odds in favor of BTC hitting $100,000 in 2024 on the popular cryptocurrency-based prediction platform Polymarket zoomed to 63% as of this writing. Price Action: At the time of writing, Bitcoin was exchanging hands at $88,598.31, up 8.81% in the last 24 hours, according to data from Benzinga Pro. Read Next: After Anthony Scaramucci, FTX Sues Binance And Ex-CEO Changpeng ‘CZ’ Zhao To Reclaim $1.8B Amid Bankruptcy Tussle Photo courtesy: Pixabay Market News and Data brought to you by Benzinga APIs © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

 2024-11-12 12:29:00

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Crypto Enforcement Actions May Be Held Off Under Trump: TD Cowen

The cryptocurrency industry has faced multiple lawsuits from the U.S. Securities and Exchange Commission over the last few years, but multinational investment bank TD Cowen believes the tides will likely change under a Trump administration.President-elect Donald Trump has vowed support for Bitcoin and the broader crypto sector.No Crypto Enforcement Actions Under Trump?TD Cowen researchers wrote Monday that they believe "crypto enforcement will likely be placed on hold once Trump names a new SEC chair, which he can do on Jan. 20 regardless of whether Gary Gensler resigns his seat as an SEC commissioner."The projection comes months after Trump promised to "fire" Gensler during his keynote speech at the Bitcoin Conference 2024.Under Gensler's leadership, the SEC slapped lawsuits and Wells Notices on crypto firms it accused of violating securities laws by offering tokens and other services the financial regulator designated as securities.Advocacy group the Blockchain Association reported that as of Nov. 1, 2024, SEC enforcement cost the crypto industry at least $429 million.TD Cowen researchers claim that the possible hold-off on enforcement actions targeting the crypto sector "doesn't mean it will be the Wild West for crypto without any SEC oversight."Instead, they believe that a new chair will reassess existing cases the financial regulator initiated against crypto firms "and look for ways to provide more clarity on how crypto companies can comply with existing laws."Bipartisan Legislation More LikelyBills focused on providing a regulatory framework for the crypto industry with bipartisan support are also more likely under Trump, TD Cowen researchers said. The crypto community has helped elect the "most pro-crypto Congress" in U.S. history, as some industry executives put it. Republicans have also reclaimed the Senate, raising hopes for crypto bills to move faster.On the other hand, the researchers don't expect crypto-centric legislation to be the first priority of Congress or the Trump government. "Crypto will not be an initial priority for Team Trump given the focus on extending the tax cuts and tackling tariffs and trade," they said.A Warning to Stop Blocking AML/BSA OversightThe researchers also warned that continuously rejecting "any government oversight" on concerns related to AML/BSA (anti-money laundering—Bank Secrecy Act) compliance will only further delay political work toward delivering crypto bills."We continue to believe that this is a losing argument for the crypto space that hurts the industry politically. We believe crypto market structure legislation would become more likely if there was a broad crypto sector embrace of AML/BSA compliance," they emphasized.Notably, the outgoing administration, Gensler included, has repeatedly said the broader crypto industry is non-compliant with AML-related and security concerns.

 2024-11-12 12:20:01

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Record-breaking bitcoin surges towards $90,000 on Trump boost

Bitcoin rallied to the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and touched $89,982 - a gain of around 30% since Nov. 5. It was last down 1.4% at $86,730. Bitcoin is surging along with Elon Musk's automaker Tesla (TSLA.O), , which is up nearly 40% since voting results rolled in, as investors figure Trump's friends and interests will do well while he is in office. Advertisement · Scroll to continue "The crypto enthusiasts think they have a like-minded incoming president," said Alvin Tan, head of Asia FX strategy at RBC Capital Markets. "The thing about bitcoin at the end of the day is that there is no valuation anchor to it, it's hard to get a grip on fair value. So when sentiment is very positive, it does get carried away a lot more than other asset classes." Trump embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin. Advertisement · Scroll to continue It is not clear how or when that could happen but the possibility drove a speculative surge in crypto mining and trading stocks.Bitcoin surges to record high above $89,000 after Trump election victory "I think it increases the chances that other nation states buy bitcoin in a bid to front run the U.S.," said Matthew Dibb, chief investment officer at cryptocurrency asset manager Astronaut Capital. "Additionally I think it would be a crazy catalyst for the U.S. listed bitcoin miners ... given possibilities of such entities getting nationalised." Crypto miner Riot Platforms jumped nearly 17% on Wall Street on Monday. Fellow miners MARA Holdings (MARA.O), opens new tab and CleanSpark (CLSK.O), opens new tab leapt nearly 30%. Software company and investor in bitcoin MicroStrategy (MSTR.O), opens new tab announced it had spent about $2 billion buying bitcoin between Oct. 31 and Nov. 10. Shares rose 26% on Monday. "Obviously (it's) a clear Trump trade as he is so supportive of the industry, and this can only mean more demand both for crypto stocks as well as the currencies themselves," Nick Twidale, chief market analyst at ATFX Global in Sydney, said of the bitcoin rally. "The fact that bitcoin was trading near all-time highs when the election result came through meant that it had clean sky above." The euphoria extended across the crypto landscape with smaller tokens such as ether and dogecoin surging, although they dipped on Tuesday morning in Europe. Crypto investors see an end to increased scrutiny under U.S. Securities and Exchange Commission Chair Gary Gensler whom Trump has said he will replace. Trump also unveiled a new crypto business, World Liberty Financial, in September. "What we're seeing isn't just a price milestone; it's a signal that the market is warming to the idea of bitcoin as a more stable, even politically favoured, asset," said Justin D'Anethan, head of Asia-Pacific business development at digital assets market maker Keyrock. Source:www.reuters.com

 2024-11-12 12:11:46

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The rise of the tech bro-conomy: How Trump presidency could make world's crypto bros BILLIONS with experts predicting Bitcoin to hit $100K next year as shares in Elon Musk's Tesla soar

Donald Trump's election victory has poured rocket fuel on the tech and crypto-focused 'Bro-conomy' - and British bros are among those hoping to cash in. Bitcoin has been the most obvious beneficiary of the 'Trump pump', with the world's most popular digital at an all-time high after surging nearly 30 per cent since election day last Tuesday to hit $88,600 (£66,100) today. Crypto experts across the pond have taken note, with one London-based research firm saying it is 'quite possible' Bitcoin could reach $100,000 (£78,000) by the president elect's inauguration in January. 'Bro in Chief' and prominent Trump supporter Elon Musk has also benefitted handsomely from Mr Trump's victory, and shares in Tesla up more than 40 per cent since election day - pushing his net worth up an estimated $54billion (£42bn). Appealing to the 'Bro Vote' was a central platform of Mr Trump's re-election campaign and helped him pick up a larger portion of voters under 30 than any Republican presidential candidate since 2008. With his teenage son, Barron, acting as his unofficial adviser, the 78-year-old sat down with podcasters known for having a large male audience, including Joe Rogan and videogame streamer Adin Ross. He even went on to launch his own cryptocurrency business, World Liberty Financial, while his campaign flogged an 'America First Collection' of NFTs costing $99 each. Mr Trump has not always been a fan of crypto and during his first presidential term described Bitcoin and other digital currencies as 'highly volatile and based on thin air'. But egged on by true believers like Elon Musk, the Republican changed his tune on the campaign trail, attacking President Biden's crackdown on crypto and promising a 'strategic national Bitcoin stockpile'. His new-found enthusiasm has been of immense benefit to tech bros around the world, including in the UK - even as financial experts warn crypto is immensely volatile and could crash at any time. Nigel Green, the British head of investment firm deVere, has called Mr Trump's crypto-friendly stance the 'most significant tailwind we've seen for Bitcoin since its inception'. His resounding win has provided momentum to other major digital currencies, including Ethereum - up 39 per cent since the election last week - and Dogecoin, a joke cryptocurrency promoted by Musk that is now 98 per cent higher. Flows into cryptocurrency exchange-traded funds (ETFs) have also picked up since Trump's election win. On Thursday, November 7, Bitcoin ETFs experienced their largest inflows on record, drawing a net $1.38bn (£1bn), according to Citigroup. 'There have been significant inflows across the board,' Citi analysts said in a note. 'ETF inflows have been the dominant driver of Bitcoin returns, and we expect this to continue in the near-term.' So strong was the uptick that the crypto sector is now estimated to be worth £2.2 trillion, more than the market cap of the entire FTSE 100 at just over £2 trillion. Crypto enthusiasts are particularly excited about the president-elect's pledge to sack Gary Gensler, the head of the US financial watchdog who has led a years-long crackdown on the industry. The morning after the election, crypto boss Cameron Winklevoss tweeted: 'gm [good morning] @GaryGensler – you're fired!'. JD Vance, Mr Trump's vice president, has owned Bitcoin since 2021, his financial disclosures show, with the most recent in August putting his stockpile at between $250,000 and $500,000. Eric Trump, one of the president-elect's sons and executive vice president of his private conglomerate, The Trump Organization, is a keynote speaker at a Bitcoin conference in Abu Dhabi next month. Mr Trump's vow to make the US the 'crypto capital of the planet' will be made easier to fulfill if Republicans win control of Congress as expected - cementing their clean sweep of both houses. 'Bitcoin's Trump-pump is alive and well... with Republicans on the cusp of taking the house to confirm a red wave in Congress, it seems the crypto crowd are betting on digital-currency deregulation,' said Matt Simpson, senior market analyst at City Index. The cryptocurrency industry spent more than $119m (£92.8m) backing pro-crypto congressional candidates, many of whom won their races. In Ohio, one of the crypto industry's biggest foes in Congress - Senate Banking Committee Chair Sherrod Brown - was ousted, while pro-crypto candidates from both the Democratic and Republican parties won in Michigan, West Virginia, Indiana, Alabama and North Carolina. Crypto lobbyists' biggest coup was persuading Mr Trump to give the keynote speech at the 2024 Bitcoin Conference in Nashville, where he vowed to fire Mr Gensler on 'day one' - winning cheers from delegate who consider him a hate figure for his pursuit of crypto firms for alleged violations of securities laws. In a full-throated defence of the industry that would have warmed the hearts of crypto bros worldwide, he said: 'If we don't embrace crypto and Bitcoin technology, China will, other countries will, they'll dominate, and we cannot let China dominate. And promising a brighter future ahead, he told the crypto world to 'never sell your Bitcoin' - advice many appear to be taking on board.

 2024-11-12 12:08:42

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Will Cryptocurrency Go Mainstream In US Under Donald Trump’s Presidency? Explained

Donald Trump’s victory has set off a new high for Bitcoin, which topped $87,000 for the first time on Monday. The cryptocurrency and crypto-related investment gains have been attributed to the “crypto-friendly” nature of the Trump government 2.0, analysts say. Trump has made big promises related to cryptocurrency as he counted on a large amount of cash for his campaign and related PACs. With the Republican-controlled Senate being the future of American politics for the next four years, there could be a few roadblocks for Trump to set up a more pro-crypto platform. What Has Trump Pledged On Cryptocurrency? Trump has stressed his support for digital assets, vowing to position the US as the “crypto capital of the planet” and build a national Bitcoin reserve. At the biggest bitcoin conference in Nashville in July, Trump in his keynote address said if he returned to power, he would make sure that the federal government never sells off its bitcoin holdings. He also pledged to maintain the current level of bitcoin holdings that the US has accumulated from seizing assets from financial criminals. “If I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the bitcoin the US government currently holds or acquires into the future,” he said, as quoted by CNBC. Reports suggest that Trump is considering appointing pro-crypto advocates, including Mark Uyeda and Paul Atkins, as replacements for current Securities and Exchange Commission (SEC) Chairman Gary Gensler, which could lead to reduced regulatory scrutiny on the industry. The president does not have the power to fire the SEC chair. So, Gensler would remain a commissioner on the independent agency even if Trump were to appoint a new chairman. Trump also vowed to create a “bitcoin and crypto presidential advisory council.” What Is Cryptocurrency And Why Bitcoin Is Soaring? Cryptocurrency is digital money that is designed to work through an online network without a central authority backed by a government or banking institution. The crypto transactions are recorded with blockchain technology. Bitcoin is considered the largest and oldest cryptocurrency. Some of the other cryptocurrencies, which have gained popularity over the years are Ethereum, Tether and Dogecoin. Crypto industry players welcomed Trump’s victory, and hope that he would push through legislative and regulatory changes that they have lobbied for over the years. Since the election, Bitcoin has been a standout performer, reaching $89,604 and achieving nearly a 30% gain since November 5, as per a report by The Economic Times. Even before the election, assets like Bitcoin posted significant gains over the past year. The early success goes to the new way to invest in the digital asset through spot Bitcoin ETFs (exchange-traded funds), which were approved by US regulators in January, as per a report by the Fortune. The SEC approved 11 funds from asset managers such as Blackrock, Invesco and Fidelity in January. What Are The Risks Involved? Being highly volatile, crypto assets like Bitcoin have a history of drastic swings in value. One can lose money as quickly as they have gained. In the 2020 pandemic, the value of Bitcoin was $5,000. Its price climbed to nearly $69,000 by November 2021, in a time marked by high demand for technology assets, but later crashed during an aggressive series of Federal Reserve rate hikes aimed at curbing inflation, as per Fortune. While some analysts expect the Bitcoin value to soar even further in the coming days, others still ask small-pocketed investors to exercise caution. Meanwhile, CoinDesk senior analyst James Van Straten cautioned that Trump’s proposed tariffs on China will drive consumer prices higher. Consequently, bond yields will also go higher and interest rates will have to stay elevated. “We may even see rate hikes back on the table. This could stunt risk-on assets – and bitcoin remains in that category”. The Republican Party will control both houses of Congress when Trump takes office in January. That would enable him to push an agenda of slashing taxes and shrinking the federal government. Trump has warned that the Euro bloc will “pay a big price” for not buying enough American exports, with cars a particular target. He has threatened China with blanket 60% tariffs. Potentially inflationary tariffs and immigration policies have seen markets pare back the likelihood of a quarter point Federal Reserve interest rate cut on December 18 to 69% from nearly 80% a week ago, according to CME Group’s FedWatch Tool. The Euro is feeling additional pressure from political uncertainty in the bloc’s biggest economy, Germany. (with inputs from Reuters)

 2024-11-12 12:05:17

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Scott Bessent – Is The Trump Treasury Secretary Potential Pick Good For Crypto?

President-elect Donald Trump is busy getting his cabinet sorted out, and one of the leading names emerging in the cryptocurrency space is Scott Bessent, who is reportedly the Republican leader's "pick for Treasury Secretary."So far, the incoming president has officially announced two members of his cabinet: Trump campaign co-chair Susie Wiles for chief of staff, GOP congresswoman Elise Stefanik as United Nations ambassador, and immigration official Tom Homan for border czar.Who is Scott Bessent?Bessent is a prominent investor who has also backed Trump's financial campaign. He founded global macro investment firm Key Square Group and is widely known in the financial space.In a recent interview with CNBC where he was asked what he would do if chosen as the Trump government's Treasury Secretary, Bessent said he will do whatever the president-elect asks him to do.Bessent has also reportedly visited Trump's Mar-a-Lago estate in Florida to hold meetings but it is unclear what the parties discussed. Still, there are reports saying the meetings were "very positive."Treasury Secretary – A Critical Cabinet RoleThe Secretary of the U.S. Department of the Treasury plays a critical role in shaping monetary policies. Janet Yellen is the incumbent Treasury Secretary.If Bessent is chosen to lead the Treasury Department, he is expected to help ensure the country's financial well-being while also juggling other responsibilities such as making decisions that could have consequences in global financial markets, given the United States' position as the world's largest economy.Is Bessent Good for Bitcoin and Crypto?On Polymarket, where users buy and sell cryptocurrencies to bet on future events, bettors have Bessent leading other potential nominees into the Trump government's Treasury Secretary role.Bssent's odds are at 85% compared to John Paulson's 5.1%, Robert Lighthizer's 2.3% and Jamie Dimon's 0.8% as of early Tuesday. The real question is, will Bessent be a good pick for the crypto sector?Matthew Sigel, the head of digital assets research at VanEck, said Bessent would be a "groundbreaking choice" since he will be a "financial chief free from fiat fidelity."Journalist Eleanor Terrett quoted Bessent as saying he is "excited about the president's [Trump's] embrace of crypto and I think it fits very well with the Republican Party; crypto is about freedom and the crypto economy is here to stay."Bessent also said that Bitcoin, the world's largest digital currency by market value, will cultivate an American market culture "where people believe in a system that works for them."Investor Torsten Prochnow agrees with sentiments regarding Bessent being a good pick. He noted that choosing Bessent for the Treasury's top post is a "powerful signal that the U.S. economy is about the enter a new era of innovation, fiscal strength, and freedom," given Bessent's vast experience in finance.One crypto user said he believes that Bessent's enthusiasm for BTC indicates he is a forward-thinker and "understands that crypto isn't just a passing trend."While many in the crypto community believe Bessent will be a great choice, some had concerns regarding Bessent's supposed links to the Soros family, whose head, George Soros, is a prominent maverick hedge fund figure and Democratic megadonor.

 2024-11-12 12:04:01

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Namechain: The Next Big Project from Ethereum Name Service Creators

ENS Labs, the firm that launched the Ethereum Name Service (ENS) in 2017, are gearing up for their next major project. By late 2025, they plan to launch a layer-2 blockchain network called Namechain, built on the Ethereum blockchain. Namechain will leverage zero-knowledge rollup technology to improve transaction efficiency, reducing both costs and processing times. In the ENS domain ecosystem, simpler names like “xyz.eth” typically hold more value than complex ones like “asd1as.eth." As per a report, the launch of Namechain is aimed at streamlining blockchain identities, making them more straightforward and user-friendly. Not only will this layer 2 blockchain simplify the process for ENS registrations but the network is also expected to make the service more accessible for users. This week, ENS Labs made an official announcement about Namechain. In a post on X from their handle @ensdomains, ENS stated, “By dramatically reducing costs, improving performance, and providing a familiar Ethereum developer experience, our hope is to unlock new opportunities for ENS and Ethereum.”Crypto Mixer Bitcoin Fog Convicted of Money Laundering Announced live at #frENSday:microphone: Namechain by @ensdomains , a purpose-built Layer 2 solution! This is the next evolution in ENS and part of the larger ENSv2 direction. By dramatically reducing costs, improving performance, and providing a familiar Ethereum developer experience our… pic.twitter.com/bIwHa22vJL — ens.eth (@ensdomains) November 11, 2024 ENS Labs has allocated an initial budget of $4 million (roughly Rs. 33 crore) in USDC stablecoin to support Namechain's development, with funding provided by the ENS DAO, which oversees the ENS protocol. The full budget required for testing and deploying this Layer-2 network, however, has not yet been disclosed. ENS Labs' latest initiative follows the rising popularity of its Ethereum Name Service (ENS). ENS is a decentralised domain name protocol that simplifies complex Ethereum wallet addresses, transforming them into easy-to-read names like “ABC.eth,” making crypto transactions more accessible and user-friendly.Bitget, Foresight Ventures Invest $20 Million in Telegram Mini Apps In July 2022, ENS tracker Dune Analytics reported that daily ENS registrations had spiked significantly, reaching over 50,000 new addresses that month. The same year, Nike's Web3 arm called ‘RTFKT' obtained ten ENS domains. Notably, registrations of ENS domains recorded a drop of 22.9 percent in September this year, as per a report by CoinMarketCap. The report also notes that ENS is a crucial component of the Web3 ecosystem, with the total number of active domains now standing at over 1.9 million. In October, Google completed the integration of ENS on its Search engine. This development is aimed at making it easier for people to search for any name based on the ENS domain, signified by ‘.eth'. .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Affiliate links may be automatically generated - see our ethics statement for details.

 2024-11-12 11:44:59

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Record-breaking bitcoin surges towards $90,000 on Trump boost - Reuters

SummaryCompaniesBitcoin up dramatically since Trump victoryCongress, regulators seen as crypto friendlyMiners fly on speculation U.S. will buy crypto stockpile SINGAPORE/LONDON, Nov 12 (Reuters) - Bitcoin rallied to the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and touched $89,982 - a gain of around 30% since Nov. 5. It was last down 1.4% at $86,730. Bitcoin is surging along with Elon Musk's automaker Tesla (TSLA.O), opens new tab, which is up nearly 40% since voting results rolled in, as investors figure Trump's friends and interests will do well while he is in office. Advertisement · Scroll to continue "The crypto enthusiasts think they have a like-minded incoming president," said Alvin Tan, head of Asia FX strategy at RBC Capital Markets. "The thing about bitcoin at the end of the day is that there is no valuation anchor to it, it's hard to get a grip on fair value. So when sentiment is very positive, it does get carried away a lot more than other asset classes." Trump embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin. Advertisement · Scroll to continue It is not clear how or when that could happen but the possibility drove a speculative surge in crypto mining and trading stocks. "I think it increases the chances that other nation states buy bitcoin in a bid to front run the U.S.," said Matthew Dibb, chief investment officer at cryptocurrency asset manager Astronaut Capital. "Additionally I think it would be a crazy catalyst for the U.S. listed bitcoin miners ... given possibilities of such entities getting nationalised." Ad Break Coming Up NEXT StayNext OffEnglish 480pAuto (480p) About ConnatixV542853 About ConnatixV542853 Continue watchingafter the adVisit Advertiser websiteGO TO PAGE Crypto miner Riot Platforms jumped nearly 17% on Wall Street on Monday. Fellow miners MARA Holdings (MARA.O), opens new tab and CleanSpark (CLSK.O), opens new tab leapt nearly 30%. Software company and investor in bitcoin MicroStrategy (MSTR.O), opens new tab announced it had spent about $2 billion buying bitcoin between Oct. 31 and Nov. 10. Shares rose 26% on Monday. "Obviously (it's) a clear Trump trade as he is so supportive of the industry, and this can only mean more demand both for crypto stocks as well as the currencies themselves," Nick Twidale, chief market analyst at ATFX Global in Sydney, said of the bitcoin rally. "The fact that bitcoin was trading near all-time highs when the election result came through meant that it had clean sky above." The euphoria extended across the crypto landscape with smaller tokens such as ether and dogecoin surging, although they dipped on Tuesday morning in Europe. Crypto investors see an end to increased scrutiny under U.S. Securities and Exchange Commission Chair Gary Gensler whom Trump has said he will replace. Trump also unveiled a new crypto business, World Liberty Financial, in September. "What we're seeing isn't just a price milestone; it's a signal that the market is warming to the idea of bitcoin as a more stable, even politically favoured, asset," said Justin D'Anethan, head of Asia-Pacific business development at digital assets market maker Keyrock. Reporting by Tom Westbrook in Singapore and Harry Robertson in London; Editing by Shri Navaratnam and Mark Potter XFacebookLinkedinEmailLinkPurchase Licensing Rights Tom WestbrookThomson ReutersTom reports from Singapore on financial markets in Asia, filing daily market reports and deeper pieces on stock, bond and foreign exchange trade. He contributes to the Morning Bid newsletter. He was previously a company and general news correspondent in Sydney and a reporter for News Ltd. EmailXLinkedin

 2024-11-12 11:30:37

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People who own cryptocurrency face '24 per cent' tax raid from HMRC

Crypto investors face an eye-watering 24 per cent capital gains tax charge under the new Labour Party government. HMRC has reportedly been sending "nudge letters" to individuals suspected of failing to properly declare their cryptocurrency profits. According to HMRC, there are high rates of non-compliance when it comes to reporting crypto gains. Basic-rate taxpayers now face an increased CGT rate of 18 per cent, up from 10 per cent, following changes announced in the October Budget. Higher and additional rate taxpayers' rates jumped from 20 to 24 per cent. James Carn, an associate director in Private Client Tax at Evelyn Partners, warns: "The tax treatment of crypto assets can be complex." Suzanne Morsfield, policy advisor at trade association CryptoUK, previously spoke out in the wake of the Autumn Statement and said the prospect of Reeves hiking capital gains tax above 28% will hit the some five million crypto holders in Britain particularly hard. “There’s a perception that capital gains tax mostly reaches the upper echelons of society… that it’s a way of making the wealthy shoulder more of the burden,” Morsfield told DL News. “That’s not 100% accurate, especially when it comes to crypto.” Her caution comes after the British tech community warned that a tax hike may drive innovative firms away. The CGT rate for individuals with lower incomes will rise from 10% to 18%. For those in higher income brackets, the CGT rate will increase from 20% to 24%. The tax applies to profits exceeding £3,000 ($3,896.70) from the sale of assets. The rates are based on both the individual’s income level and the amount of profit realized from asset sales. The rise in capital gains tax rates means that investors will face higher tax liabilities on their profits from asset sales. This change affects a wide range of assets, including real estate, stocks, bonds, and other investment vehicles.

 2024-11-12 11:29:30

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Bitcoin riding wave of Trump’s win to record high

Bitcoin, the best-known cryptocurrency, has rallied to close to $90,000 since Donald Trump, the Republican presidential candidate, began leading the polls on November 5 and eventually won a day after. The digital currency has risen by 27.89 percent since November 5 to close at an all-time high of $88,701.49 on Monday, November 11. According to CoinMarketCap, it is currently trading at $87,828.39 (as of 11:18 a.m. Nigerian Time). This surge has led to the growth of the global crypto market capitalisation to $2.96 trillion. The market is reacting to expectations that Trump’s administration will be crypto-friendly. Although Trump was skeptical about crypto during his first term, he made a U-turn during the 2024 election campaign. For instance, at a major Bitcoin conference in Nashville, he promised to keep the crypto market largely unregulated and to make energy cheaper for the power-hungry mining of cryptocurrencies. Read also: Bitcoin surges, dollar strengthens as CNN projects Trump winner of US election He also promised to make the US the “crypto capital of the planet” and has proposed policies such as building a national Bitcoin reserve and appointing regulators to support the industry. While much of BTC’s current rally can be attributed to Trump’s win, analysts have also linked it to other factors amplified by the US elections. Co-Pierre Georg, director of the Blockchain Center at the Frankfurt School of Finance and Management, told DW that the approval by the US Securities Exchange Commission in January of exchange-traded funds (ETFs) in BTC has made investing in the coin and other cryptocurrencies much easier. In Nigeria, crypto industry leaders expect the rally to continue and benefit the ecosystem, especially adoption. “It is just the beginning,” said Obinna Iwuno, president of the Stakeholders in the Blockchain Technology Association of Nigeria (SiBAN).

 2024-11-12 11:14:43

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Seven wild moments from the turbulent story of Bitcoin

His empire was worth an estimated $32bn and he was flying high until everything came crashing down within days. Journalists had discovered that Bankman-Fried's company was financially shaky and had been illegally transferring FTX customer funds to prop up his other company, Alameda Research. Just before his arrest at his luxury apartment complex in the Bahamas in December 2022 he spoke to reporters. He told the BBC: "I don't think I committed fraud. I didn't want any of this to happen. I was certainly not nearly as competent as I thought I was." After being extradited to the US he was found guilty of fraud and money laundering and was jailed for 25 years. 7. Investment bank boom Despite all the turmoil, Bitcoin continues to attract attention from investors and big companies. In fact, in January 2024, some of the biggest financial firms in the world added Bitcoin to their official asset lists as Spot Bitcoin ETFs. These are like stocks and shares, linked to the value of Bitcoin but you don't have to personally own any. Customers have been pouring billions into these brand new products. Companies including Blackrock, Fidelity and GrayScale, have also been buying up Bitcoins in their thousands, pushing up its value to record highs. It is a huge milestone for crypto with some fans believing that Bitcoin is finally being taken as seriously as the mysterious Satoshi imagined. Nonetheless, few would back against more wild moments as the Bitcoin story continues to unfold.

 2024-11-12 11:05:15

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Watch Decentralized AI In 2025: The Convergence Of AI And Crypto

Share to Facebook Share to Twitter Share to Linkedin The online platform for buying, selling, transferring, and selling cryptocurrency Coinbase (NASDAQ: ... [+] COIN) logo seen displayed on a smartphone with an Artificial intelligence (AI) chip and symbol in the background. SOPA Images/LightRocket via Getty Images Open any news app, web browser, social media feed, or podcast this month, and you’ll see one topic dominating discussions besides the U.S. election: AI and crypto. In Sapiens: A Brief History of Humankind, Yuval Noah Harari explores how history is shaped more by what he describes as “coincidences” than by deterministic, predictable events. This concept recurs throughout his work, as Harari examines the unpredictable and often arbitrary events that have directed human history. This perspective proves true once again regarding the recent surge in AI and crypto discussions. It all started with the meteoric rise of a memecoin tickered “GOAT”, partially endorsed by a pseudo-spiritual posting AI bot on X named @truth_terminal. The bot independently chose to promote this memecoin, sparking widespread interest. Since then, the idea of an AI-crypto convergence has swept across headlines. But as an average reader, you might feel overwhelmed and wonder: why are AI and crypto even intersecting? Answering this simple question isn’t that straightforward; it requires delving into some complex concepts and technologies. Let’s break it down: 1. What is AI, and how did it rise? Where are we now? MORE FOR YOU Trump’s Cabinet: Here Are His Picks And Finalists For White House Roles—Marco Rubio, Stephen Miller And More New Chrome, Safari, Firefox Warning—Do Not Google These Words Google’s Gmail And Photos Deletion Warning As 1-Year Timer Expires 2. The essence of crypto and its underlying technology: Blockchain. 3. The convergence: How decentralized AI comes into play. Back to the Future of AI AI burst into mainstream headlines with OpenAI’s launch of ChatGPT in November 2022, but it didn’t appear out of thin air. AI has a long history in academic and research circles. If you’ve seen the movie 2001: A Space Odyssey, you may recall how it portrayed AI on the big screen, imagining its potential—mostly its potential dangers, in the film’s context. Made in the 1960s, the movie featured an AI with a name, HAL 9000, at a time when computers were barely understood by the general public. And yet, even then, the concept of AI had deeper roots. Many in the tech world view the Turing Test as one of the earliest models of artificial intelligence. AI development, however, stalled for several decades, fading from public attention largely due to slow progress in computer technology. Then, OpenAI and ChatGPT brought it back to life. This resurgence has been fueled by remarkable advancements in computer science, particularly in machine learning algorithms and deep neural networks. These improvements, combined with unprecedented increases in data processing capability and the availability of large datasets, have allowed AI to achieve levels of sophistication once thought impossible. The rapid evolution in both software capabilities and hardware efficiency—especially through innovations like GPUs and TPUs—has propelled AI back into the spotlight, making it a powerful force in the modern digital landscape. As people use ChatGPT for tasks ranging from research and brainstorming to copy-editing, a new concern has arisen: If OpenAI controls vast amounts of data and knowledge, what comes next? Is humanity at risk if one entity holds so much power? Soon after OpenAI took center stage, concerns and controversies surfaced. Elon Musk, a founding supporter, publicly criticized OpenAI, highlighting a growing realization: OpenAI isn’t as “open” as its name suggests. Its operations, from data collection to algorithms and data use, are opaque—a “black box.” This sparked a fundamental question: How could AI truly be made open-source then? This is where crypto, or more precisely, blockchain technology, comes in. Emergence of Decentralized AI Blockchain is the underlying technology in all crypto-related discussions. Crypto is merely one application built on top of it. Blockchain’s fundamental characteristic is its decentralized nature, which could allow AI to be more open and transparent. The general belief is that, with blockchain technology, AI can be truly open-source and transparent, by leveraging several key technologies. For example, decentralized dataset storage ensures data integrity, while smart contracts provide transparent model access and audit trails. On-chain federated learning allows collaborative model training without sharing raw data, and distributed computing networks decentralize AI processing. Cross-chain bridges and oracles bring in real-time, reliable off-chain data, while privacy-preserving methods, like zero-knowledge proofs, secure sensitive information. The term “decentralized AI” (DeAI) has therefore emerged, suggesting an approach where anyone can contribute, from development to deployment, creating a decentralized alternative to centralized AI companies like OpenAI. However, a standardized definition of decentralized AI still remains absent. Blockchain can support this vision, with crypto playing a critical role in the tokenomics—a topic I’ll discuss further in my upcoming articles. DeAI in 2025: Mere Narrative or True Innovation? With all the hype, it’s natural to ask: Is this just narrative, or is it real innovation? Based on my interactions and observations in the industry—with stakeholders from both blockchain and AI, spanning research, academia, and the investment circle—I believe 2025 is the year when DeAI will truly shine. Unlike many overhyped blockchain promises, DeAI can uniquely deliver tangible results. This blend of innovation and immediacy makes it irresistible to blockchain veterans and those entrenched in the AI world. As more talent from both realms recognizes DeAI’s potential to reshape industries, we can expect a surge in interest and momentum to make 2025 the year DeAI transitions from niche to necessity. The blend of blockchain and AI is about to go mainstream in a big way, paving the path for tech that creates huge impacts in the coming decades. Follow me on Twitter or LinkedIn. Max (Chong) Li Editorial Standards Forbes Accolades

 2024-11-12 11:00:56

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Canada soccer icon Christine Sinclair leaves the pitch for the final time

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Vancouver musician lands 'meaningful interaction' with Ed Sheeran after busking outside his show A Vancouver artist whose streetside singing led to a chance encounter with one of the world's biggest musicians is encouraging aspiring performers to try their hand at busking. 10K hand-knit poppies displayed at the Dartmouth Cenotaph Ten-thousand hand-knit poppies were taken from the Sanctuary Arts Centre and displayed on the fence surrounding the Dartmouth Cenotaph on Monday. 'I put my whole life on hold': B.C. man embarks on Arctic to Antarctica trek A Vancouver man is saying goodbye to his nine-to-five and embarking on a road trip from the Canadian Arctic to Antarctica. Vancouver Fire breaks out at North Vancouver highrise Flames shot out of windows and debris came showering down onto the street as crews battled a fire at a North Vancouver highrise Monday afternoon. B.C. veteran recalls danger, discipline of war, as Vancouver cenotaph turns 100 Second World War veteran Percival Smith was a teenager when he entered the British Merchant Navy, but after years at sea he emerged as a man who returned to a family he "couldn't even recognize" after the war. Police catch 18 drunk and drug-impaired drivers in Fraser Valley community Police nabbed an alarming number of drunk or drug-impaired drivers in Abbotsford, B.C., over the long weekend – including 11 on Friday night alone. ‘The kindest soul we’ve ever known‘: Family, friends of man fatally shot by police in Hamilton seek answers, justice Family members and friends of a 43-year-old man who was fatally shot by police in Hamilton over the weekend says they’re devastated by his death and are seeking answers and justice for their loved one. Pedestrian has life-threatening injuries after being struck by bus driver in northwest Toronto: police A pedestrian has critical injuries after being struck by the driver of a wheelchair-accessible bus in Toronto’s northwest area late Monday afternoon. Police identify, search for 2 suspects wanted in North York murder Police are searching for two suspects who are wanted in connection with the fatal shooting of a man in North York in late September. EXTENDED VIDEO EXTENDED VIDEO | Remembrance Day honoured in Calgary Calgarians observed Remembrance Day at a number of different ceremonies across the city on Monday, including at the Hangar Flight Museum. 'It feels like a dream': Calgary Swifties travel to Toronto and Vancouver for Taylor Swift tour It's the show of the year or maybe even the decade for Taylor Swift fans, better known as Swifties. Backlund, Wolf lead Flames to 3-1 win over Kings Captain Mikael Backlund had a goal and assist to lead the Calgary Flames to a gritty 3-1 victory over the Los Angeles Kings on Monday. Dr. Ronald Weiss, Ottawa's 'Wayne Gretzky' of vasectomies, dies Dr. Ronald Weiss, who performed nearly 60,000 vasectomies on Ottawa men, establishing him as the "Wayne Gretzky" of the procedure, has died. Crowds gather at cenotaphs in Ottawa and across eastern Ontario to mark Remembrance Day Crowds gathered in Ottawa and eastern Ontario on Monday to honour the sacrifice of men and women in uniform who gave their lives in service of Canada. Chipotle set to open this week in Ottawa's west end The company confirms it will open the new Chipotle at 5671 Hazeldean Road on Thursday, in the former location of Benny & Co. Montreal man facing first-degree murder in woman's death; accused was on bail after allegedly threatening her A 36-year-old Montreal man who was out on bail after allegedly uttering death threats against his partner is now accused of murdering her on the South Shore. Hundreds gather in Montreal to mark Remembrance Day Hundreds of people gathered in downtown Montreal on Monday to mark Remembrance Day and honour Canadians who sacrificed their lives in the great wars and beyond. 70 seniors to be displaced as Hochelaga-Maisonneuve seniors' residence closes Seventy seniors will be losing their homes come July as Manoir Louisiane, a private seniors’ residence in the Mercier-Hochelaga-Maisonneuve borough will be closing down. Lest We Forget: Beverly Memorial Cenotaph hosts Remembrance Day service Edmonton's Beverly Memorial Cenotaph on Monday hosted its 104th Remembrance Day service to honour past and present veterans. 'It's a very personal project': Memorial posters features Edmonton soldiers who served in wars A poster campaign is creating awareness commemorating Edmonton-area soldiers who never came home. 'I get goosebumps': Canadians across the country mark Remembrance Day Across Canada, dignitaries marked Remembrance Day by laying wreaths at ceremonies, school children sang in the late fall chill and veterans recalled the horrors of battle. Maritimers mark Remembrance Day under grey, rainy skies Thousands of Maritimers turned out in wet weather Monday to remember those who have served, and continue to serve, in Canada's armed forces for Remembrance Day. 'Dad would be proud': Four brothers follow in their father's footsteps by joining military The Dupuis family has a special history with the military after the father and his four sons all joined to serve their country. N.S. singer-songwriter dedicates song on record to those who served Cape Breton singer-songwriter Jimmy Rankin released his album 'Harvest Highway' last October, but on that record includes a heartfelt tribute that hits home around this time of year. Four teenagers arrested after woman attacked, robbed: Winnipeg police Four teenagers have been arrested in connection with the attack and robbery of a 62-year-old woman. 'Her eyes still deserve to smile': Xavia Butler's family members find healing around sacred fire A sacred fire burning in Winnipeg has brought healing and hope to some members of Xavia Skye Lynn Butler’s family. Manitoba-filmed Christmas movie earns box office cheer A Manitoba-shot Christmas movie was on the nice list at the box office last weekend. 'We need to remember': Veterans, residents gather in Regina to commemorate Nov. 11 November 11th marks a solemn day across Canada, and Regina is no exception. Firefighters report no injuries after Robinson Street house fire Fire crews reported that no one was hurt after flames broke out in a home on Robinson Street in central Regina. 'A part of history': Regina author's book tells story of own parents separated by war Regina author Valerie Crowther is celebrating the release of her book ‘War Letters: Linking Lives in the Second World War.’ Kitchener Tornado touched down Sunday in Fergus, Ont., experts confirm A team of tornado experts are investigating a path of damage through Wellington County. Kitchener, Ont. teen facing 29 charges after serious threats made against schools, businesses and people A 15-year-old boy from Kitchener, Ont. is facing a long list of criminal charges as the Waterloo Regional Police Service wraps up a lengthy swatting investigation. ‘The kindest soul we’ve ever known‘: Family, friends of man fatally shot by police in Hamilton seek answers, justice Family members and friends of a 43-year-old man who was fatally shot by police in Hamilton over the weekend says they’re devastated by his death and are seeking answers and justice for their loved one. Saskatoon Saskatoon public library workers set for one-day strike Saskatoon Public Library workers will be on strike Tuesday as part of ongoing contract negotiations with SPL. RCMP searching for suspect after Sask. man injured in 'targeted' shooting Saskatchewan RCMP are searching for a suspect after a man was seriously injured in a farm-related incident in Montreal Lake. 'Honestly didn't think we'd be having this talk today': Riders hold final media availability for the season It was a somber day at Mosaic Stadium as members of the Saskatchewan Roughriders officially cleaned out their stalls and closed the book on the 2024 season. Northern Ontario Northern Ontario teen recovering in hospital after being attacked; ex-boyfriend charged with attempted murder Timmins-James Bay MP Charlie Angus was among approximately 120 people who gathered Sunday night for a candlelight vigil near the scene of a vicious attack against a 16-year-old in Cobalt. Reality of war very real for Timmins, Ont., family whose daughter is fighting for Ukraine Remembrance Day has special meaning for Colleen Ludgate and Paul Cousineau of Timmins, whose daughter, Brittney Shki-Giizis, has taken a temporary sabbatical from the Canadian military to help Ukraine. Northern Ont. marks Remembrance Day Remembrance Day celebrations took place across the country Monday, with Canadians reflecting on the sacrifices made by the men and women who served our country. Cooler temperatures expected, as November asserts that we're well into fall If you’ve been spoiled by those warmer late fall days, it’s time to consider them in the rearview. Holiday parades in and around the London area CTV News has compiled a list of all the local parades where you can catch the big man in red. We will also be creating an interactive map and photo gallery of the best and brightest decorations and light displays in the region. Veterans, family members, and community gather at London's cenotaph to pay respects Men and women from Canadian Services, along with those who serve on local police forces marched up Dufferin Ave. toward the cenotaph on Monday morning. Barrie, Ont. man at centre of alleged $2.2 million stolen car scheme in Toronto A Barrie man is accused of being at the centre of an alleged $2.2 million stolen used car scheme. Barrie mayor looks to expedite construction of youth shelter Barrie Mayor Alex Nuttall is acting unilaterally for one of the only times of his tenure thus far to help ensure a renovation project of a youth shelter gets completed. Motorcyclist dies after collision with SUV Police say a 51-year-old from Stouffville died after a collision in East Gwillimbury Monday afternoon. Social media stirs up rumours about Christmas celebration at local school Rumors began spreading this morning that the school’s annual Winter Walkthrough in December was being postponed until January. Local high school honours veterans from 'Forgotten War' A local high school honoured veterans of the “Forgotten War” on Monday. ‘This is the absolute least we can do’: 1000 poppies displayed outside Windsor Retirement home Upwards of 1000 handmade poppies are on display outside Lifetimes on Riverside Retirement home on Riverside Drive East, part of its fourth annual Poppy Project. Vancouver Island B.C. woman sentenced for stealing $14K in funds raised for schoolkids A B.C. woman who stole more than $14,000 in volunteer-raised funds that were supposed to be spent on school supplies and programs – including hot meals for vulnerable kids – won't spend any time in jail. What to know about avian flu after B.C. case, from transmission to symptoms A B.C. teen has a suspected case of H5N1 avian flu — the first known human to acquire the virus in Canada. B.C. veteran recalls danger, discipline of war, as Vancouver cenotaph turns 100 Second World War veteran Percival Smith was a teenager when he entered the British Merchant Navy, but after years at sea he emerged as a man who returned to a family he "couldn't even recognize" after the war. B.C. woman sentenced for stealing $14K in funds raised for schoolkids A B.C. woman who stole more than $14,000 in volunteer-raised funds that were supposed to be spent on school supplies and programs – including hot meals for vulnerable kids – won't spend any time in jail. B.C. emergency room closed for 3rd time in 9 days The emergency department at South Okanagan General Hospital in Oliver, B.C., will be closed for 31 hours this weekend, the second such closure in a week and the third since the start of November. Child found 'small razor blade' in Halloween candy in Kamloops, B.C., RCMP say Police in Kamloops, B.C., are reminding parents and guardians to check their children's Halloween candy after receiving a report of a mother finding a razor blade in one of her daughter's treats. Lethbridge CTV Lethbridge’s Dory Rossiter battling back injury, makes appearance at Remembrance Day event If you were at the cenotaph Remembrance Day ceremonies in Lethbridge, you may have caught a glimpse of our Dory Rossiter there on crutches. Thousands attend Lethbridge’s Remembrance Day ceremonies Canadians across the country spent Monday paying tribute to the soldiers who have fought and died while serving Canada. Southern Alberta Summer Games officially goes to Town of Taber The Southern Alberta Recreation Association is officially announcing the Town of Taber as next year’s host for the Southern Alberta Summer Games. Sault Ste. Marie Northern Ont. marks Remembrance Day Remembrance Day celebrations took place across the country Monday, with Canadians reflecting on the sacrifices made by the men and women who served our country. Northern Ontario teen recovering in hospital after being attacked; ex-boyfriend charged with attempted murder Timmins-James Bay MP Charlie Angus was among approximately 120 people who gathered Sunday night for a candlelight vigil near the scene of a vicious attack against a 16-year-old in Cobalt. Timmins band will attempt to unseat Sudbury group with new world record in underground mine It was just days before the COVID-19 pandemic shut the world down when the Shaft Bottom Boys of Sudbury broke a world record for 'Deepest Concert Underground.' Now, more than four years later, a Timmins band is looking to take the title. Newfoundland man electrocuted by downed power line, two women injured Police in Newfoundland say a man was electrocuted Saturday by a downed power wire about 10 kilometres north of St. John's, N.L. What is 'recitation?' Newfoundland tradition-keeper returns to stage from 100-day cancer-treatment isolation On Thursday morning, Dave Penny officially ended a suggested hundred-day isolation period that followed his diagnosis and stem cell treatment for non-Hodgkin's Lymphoma. On Thursday night, Penny returned to a stage at a downtown St. John's bar, regaling a small crowd with songs and stories with a distinctive Newfoundland flair. Newfoundland beach blobs are plastic pollution, but source remains unknown: scientist A Memorial University scientist says the mysterious white blobs washing up on Newfoundland beaches are actually gobs of plastic -- and they need to be cleaned up. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. Editor's Picks The Ultimate 2024 Holiday Gift Guide For Homebodies 30 Stocking Stuffers That'll Impress Just About Anyone The Ultimate 2024 Holiday Gift Guide for In-Laws 18 Organization Products That’ll Help You Make The Most Of Small Spaces 15 Must-Haves To Order If You're Travelling This Fall 17 Of The Absolute Best Cat Toys You Can Find Online Right Now The Best Gifts For 7-Year-Old Boys Our Guide To The Best Advent Calendars For Kids In 2024 The Best Fitness Gifts Under $150 The Best Red Lipsticks, Ranked And Rated Is It Too Dramatic To Say This CND Cuticle Oil Changed My Life? Little Luxuries Are Important, So Let Me Introduce You To A Few Body Washes That Smell Amazing A Woman Like You: Snag These Early Black Friday Deals On Our Favourite Lifestyle Products This Week In Gaming: Our Picks For The Best Early Black Friday Deals On Gaming And Tech This Smart Security Camera System Will Help You Keep An Eye On Your Home (And It's On Sale For 62% Off Right Now) Stay Connected

 2024-11-12 11:00:00

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FTX Pursues $1.8 Billion from Binance in High-Stakes Crypto Lawsuit

The cryptocurrency world faces another seismic shift as FTX, the fallen crypto giant, takes legal action against its former rival Binance. FTX seeks to reclaim $1.8 billion allegedly transferred fraudulently by its disgraced founder, Sam Bankman-Fried. This lawsuit marks a new chapter in the ongoing saga of crypto industry turmoil. FTX filed the lawsuit in Delaware on November 11, 2024. The case centers on a 2021 share repurchase deal between FTX and Binance. FTX claims this transaction was fraudulent due to its insolvency at the time. The deal involved Binance selling back its 20% stake in FTX‘s international unit and 18.4% in its U.S. entity. Bankman-Fried allegedly orchestrated this buyback using customer funds from FTX. He tapped into Alameda Research, FTX’s sister company, to finance the deal. This move potentially violated financial regulations and customer trust. The lawsuit argues that both FTX and Alameda were likely insolvent from their inception. FTX vs. Binance The legal action also targets Binance‘s former CEO, Changpeng Zhao. FTX accuses Zhao of making misleading statements that contributed to its downfall. A series of tweets by Zhao in November 2022 allegedly triggered a bank run on FTX. This event ultimately led to the exchange’s collapse and bankruptcy. Binance strongly denies these allegations. The company vows to defend itself vigorously against what it calls “baseless” claims. This stance sets the stage for a protracted legal battle between two former crypto powerhouses. The lawsuit comes amid a broader effort by FTX to recover assets for its creditors. The company has filed multiple lawsuits against various entities and individuals. These include crypto exchange Crypto.com and former Trump administration official Anthony Scaramucci. This legal action unfolds against a backdrop of regulatory scrutiny in the crypto industry. Bankman-Fried’s recent 25-year prison sentence highlights the serious consequences of financial misconduct. Zhao’s own legal troubles, including a four-month prison term, further underscore the industry’s challenges. The cryptocurrency market continues to evolve despite these legal battles. Bitcoin recently reached new all-time highs, trading above $82,000. This price surge occurred partly due to Donald Trump’s victory in the U.S. elections. The contrast between market optimism and ongoing legal issues reflects the crypto world’s volatile nature. FTX’s bankruptcy plan, approved in October 2024, aims to reimburse customers fully. This ambitious goal faces significant hurdles, including the outcome of this lawsuit. The plan’s success could restore some faith in the crypto ecosystem’s ability to self-correct.

 2024-11-12 10:54:49

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Bitcoin price hits all-time high at $89,000 as crypto market rallies

Bitcoin, the world’s largest cryptocurrency by market capitalisation, has surged to a fresh record high of $89,000. The price of the cryptocurrency traded 9.6 percent higher on Tuesday morning, reaching $89,360, according to data obtained from coinmarketcap.com. The digital currency has continued to rally since the conclusion of the United States presidential election. Bitcoin started climbing on November 6, when Donald Trump, a Republican Party candidate, won the US presidential election. The digital asset reached $75,000 on that day. On November 10, the cryptocurrency crossed $80,000. Since the US elections, bitcoin has seen a bullish run, with the crypto market adding nearly $500 billion to its total value in less than a The total cryptocurrency market capitalisation currently stands at $3.16 trillion, according to coinmarketcap.com. Ethereum, the second-largest cryptocurrency by market capitalisation, also surged to $3,392 on Wednesday — up from the $3,220 traded In May 2024, the Trump campaign announced that supporters could make donations in crypto, including bitcoin, ether, and dogecoin. The statement had signalled his support for digital currencies. In October, the former US president began promoting World Liberty Financial, a crypto venture set up by his longtime business partners and others, according to the Financial Times. World Liberty began selling its token to qualified investors to raise $300 million. Click to signup for FREE news updates, latest information and hottest gists everyday

 2024-11-12 10:49:00

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NewsAlert: Postal union issues 72 hour strike notice to Canada Post

Skip to main content You have permission to edit this article. Site search Newsletters Today's paper U.S. Election Liberal Unrest Taylor Swift Readers’ Choice Awards British Columbia Nova Scotia Federal Politics Provincial Politics Political Opinion United States Middle East Star Columnists Contributors Letters To The Editor Editorial Cartoons Relationships Food and Drink Home and Garden Beauty and Fashion Sports Betting Auto Racing Olympics and Paralympics Real Estate Entertainment Visual Arts Fun & Games TV Listings Small Business Personal Finance Investigations This Matters It’s Political The Billionaire Murders Deep Left Field SALE: Only $1 for 6 Months! Subscribe Now SALE: Only $1 for 6 Months! 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What to know about crypto's post-election rally Haiti’s main airport shuts down as gang violence surges and a new prime minister is sworn in The Latest: Fewer than 20 races to be called as control of Congress hangs in the balance Christinne Muschi / La Presse Canadienne Copy article link NewsAlert: Postal union issues 72 hour strike notice to Canada Post The Canada Union of Postal Workers has issued 72 hour strike notice to Canada Post. Updated 5 mins ago Nov. 12, 2024 Nov. 12, 2024 Copy article link Share on LinkedIn Share on Reddit Share on Whatsapp Christinne Muschi / La Presse Canadienne flag wire: true flag sponsored: false article_type: pubinfo.section: cms.site.custom.site_domain : thestar.com sWebsitePrimaryPublication : publications/toronto_star bHasMigratedAvatar : false firstAuthor.avatar : By The Canadian Press The Canada Union of Postal Workers has issued 72 hour strike notice to Canada Post. More coming. Journalistic Standards About The Star NewsAlert: Postal union issues 72 hour strike notice to Canada Post Contributors Graham Thomson: An emboldened Danielle Smith has voters wondering what she’s really up to 20 mins ago Lineker leaving BBC soccer show ‘Match of the Day’ 44 mins ago These patients are considering MAiD. They say Canada has made it harder to access magic mushrooms — a treatment giving them reason to live 50 mins ago Why this mysterious outhouse near a TTC station is not exactly Johnny-on-the-right-spot 50 mins ago Contributors Matt Elliott: Doug Ford wants a Toronto designed for cars. His own housing plans reveal why that’s a mistake 50 mins ago Contributors I’ve dated a billionaire and lived on minimum wage. 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 2024-11-12 10:40:13

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Related Articles

Top 10 Cryptocurrencies by Market Cap

by Vivek , 08 Aug, 2024

Top 10 CryptoCurrencies

Market capitalization, or market cap, is calculated by multiplying the current price of a cryptocurrency by the total number of coins or tokens that are in circulation.
As of August 2024, the top 10 cryptocurrencies by market cap represent a diverse array of digital assets, each with unique features and applications. Bitcoin (BTC) leads the market as the first and most valuable cryptocurrency, often regarded as digital gold. Ethereum (ETH) follows