Nvidia’s CEO, Jensen Huang, recently announced that the company will face a $5.5 billion charge due to new U.S. restrictions on exporting its H20 graphics processing units to China and other regions. This news caused Nvidia’s stock to drop more than 6% in after-hours trading. The U.S. government has mandated licenses for these exports, indicating ...
Eric Trump recently shared insights about his family’s shift to cryptocurrency, citing their struggles with cancel culture as a strong motivator. He believes cryptocurrencies provide quicker, more transparent, and cost-effective opportunities. Together with his brother Donald Trump Jr., Eric has co-founded a new bitcoin mining venture called American Bitcoin, aiming to create a US dollar-backed ...
The growing popularity of cryptocurrencies, such as Bitcoin and Ethereum, presents a challenge for U.S. regulators who aim to foster innovation while protecting investors. As digital currencies push financial boundaries, establishing a clear regulatory framework is crucial. This overview covers the key aspects of cryptocurrency regulation in the U.S., including federal and state laws, the ...
Six members of Donald Trump’s cabinet have reported substantial holdings in Bitcoin, revealing millions of dollars in their financial disclosures. This comes as Trump seeks to elevate the United States to a leading position in the cryptocurrency Market. The biggest holder among them is Health and Human Services Secretary Robert Kennedy Jr., with a Bitcoin ...
A Republican senator from Tennessee, Bill Hagerty, is proposing new legislation to create a structured framework for stablecoins, a type of cryptocurrency linked to stable assets like the U.S. dollar. This initiative aims to establish clear regulations for stablecoins, promoting innovation and supporting President Trump’s goal of making the U.S. the capital of cryptocurrency. The ...
The recent surge in cryptocurrency prices has been boosted by President Trump’s support for digital assets and the promise of relaxed regulations in the US. Following Trump’s potential victory in the upcoming election, Bitcoin hit record levels, attracting millions of new investors eager to join the crypto movement. Even though prices temporarily dipped below $100,000 ...
