Articles for category: Crypto

December 13, 2024

Tether’s Influence: How a Close Friend in the White House Shapes Cryptocurrency Policy and Regulations

The White House Watch newsletter discusses key political developments, focusing on Howard Lutnick, Trump’s commerce department pick, who supports Tether, a cryptocurrency linked to illicit activities. Despite Tether’s controversial reputation, Lutnick defends its potential to change global finance. The article also highlights Mitch McConnell’s efforts against isolationism in the Republican Party, contrasting with Trump’s stance ...

December 13, 2024

Market News

Crypto

Cryptocurrency in Conflict: How Recent Events in Syria Are Shaping Digital Currency Adoption and Innovations

Last weekend marked a significant change in Syria as the Assad regime collapsed after over five decades in power and a lengthy civil war. This shift was driven by a swift offensive from opposition groups, especially Hay’at Tahrir al-Sham (HTS), leading to the fleeing of former President Bashar al-Assad to Russia. The takeover has crucial ...

December 13, 2024

Market News

Crypto

Riot Platforms Shares Surge: Key Insights Behind Thursday’s Rise in NASDAQ:RIOT Stock Performance

Riot Platforms, Inc. shares rose 9.15% following a report that activist investor Starboard Value has acquired a stake in the bitcoin mining company. Starboard is urging Riot to shift part of its bitcoin mining operations to data centers that could support big tech companies like Amazon and Google. Riot’s management has welcomed Starboard’s input and ...

December 13, 2024

Market News

Crypto

Microsoft Considers Ethereum ETFs After Rejecting Bitcoin Reserve Proposal: A Shift in Cryptocurrency Investment Strategy

Microsoft’s recent discussions about crypto investments have stirred interest, particularly regarding the possibility of adopting spot Ethereum ETFs with staking features. Amy Hood, the company’s CFO, highlighted during a shareholder meeting that Microsoft has been exploring digital assets since 2014, although a proposal to include Bitcoin in their treasury was rejected by investors. Hood emphasized ...

December 12, 2024

Market News

Crypto

Texas House Proposes Bill to Create Strategic Bitcoin Reserve for State Financial Stability and Growth

Texas lawmakers have introduced a bill to create a strategic bitcoin reserve for the state, allowing the collection of taxes and donations in bitcoin. This initiative, led by Republican Representative Giovanni Capriglione, aims to strengthen Texas’ financial stability and position it as a leader in bitcoin innovation. By holding bitcoin for at least five years, ...

December 12, 2024

Market News

Crypto

Texas House Proposes Bill to Create Strategic Bitcoin Reserve for State Financial Stability and Growth

In Texas, new legislation was proposed to create a strategic bitcoin reserve, which may also pave the way for a U.S. Treasury reserve. The bill allows Texas to accept taxes and donations in bitcoin, holding them for at least five years to boost fiscal stability and innovation in the crypto space. State Representative Giovanni Capriglione ...

December 12, 2024

Market News

Crypto

BlackRock Suggests 2% Bitcoin Allocation for Diversified Investment Portfolios Amid Growing Crypto Adoption

BlackRock has suggested that investors consider allocating 1% to 2% of their multi-asset portfolios to Bitcoin, likening this to the risks found in tech-heavy portfolios. Despite Bitcoin’s lower correlation to other assets, its volatility can elevate overall risk, especially if larger allocations are made. The asset manager views this small Bitcoin investment as a distinct ...

December 12, 2024

Market News

Crypto

Wolcott Police Arrest NY Man for $60K Cryptocurrency Scam Victim’s Loss

A 28-year-old man from Flushing, NY, named Xiallong Wang, has been arrested in Wolcott, CT, for his involvement in a cryptocurrency scam that cost a victim $60,000. The scam involved a fake website called “BingX,” where the victim was lured into investing in gold through a fraudulent account. The police began their investigation after the ...

December 12, 2024

Market News

Crypto

Alipay Promotes Crypto Funds: Is Mainland China Preparing to Lift the Ban on Cryptocurrency?

At the end of the year, the focus returned to the Federal Reserve, but an unexpected move by Alipay shocked the Market. Reports emerged that some users in mainland China were seeing cryptocurrency fund advertisements on Alipay, suggesting a potential shift in policy towards crypto. These funds, tied to Qualified Domestic Institutional Investors (QDII), allow ...

December 12, 2024

Market News

Crypto

Discover Cryptocurrency Basics: Insights from ‘Crypto 101’ Educator

Ryan Horst, an international cryptocurrency educator from Altcoin Pro, recently appeared on Good Day to discuss the fundamentals of cryptocurrency and its potential to reshape our view of money. With President-elect Donald Trump advocating for the U.S. to become the cryptocurrency capital of the world, interest in digital currencies is growing. Horst emphasizes the need ...