Category Archive: Cryptocurrency, No picture
Tether’s investment division finances $45M crude oil trade in Middle East with USDT
Key Takeaways Tether financed its first crude oil transaction using USDT, marking its expansion into trade finance. The transaction was part of Tether’s strategy to streamline global trade flows with its stablecoin. Share this article Tether’s investment division completed its first Middle Eastern crude oil transaction, financing a $45 million deal between a major oil […]
Chinese official gets life sentence for selling state secrets to pay crypto debts
Key Takeaways A former civil servant in a confidential unit has received life sentence for espionage linked to crypto debts. Wang exchanged confidential information for over 1 million yuan in crypto transactions. Share this article A Chinese public official has been sentenced to life imprisonment for selling state secrets to foreign entities to cover crypto […]
TRON DAO unveils TRON-peg USD Coin: A new gateway to borderless transactions
Share this article Geneva, Switzerland, November 7, 2024 – TRON DAO has officially launched the TRON-Peg USD Coin on the TRON blockchain, an innovative cross-chain solution designed to streamline borderless transactions and broaden TRON’s stablecoin ecosystem. By facilitating seamless and efficient cross-chain transfers, TRON-Peg USD Coin expands the possibilities for users to leverage USDC across […]
Blackrock’s Bitcoin ETF draws record $1.1 billion single-day inflow
Key Takeaways BlackRock’s Bitcoin ETF saw a record single-day inflow of $1.1 billion. Total inflows for US spot Bitcoin ETFs reached $1.37 billion during the session. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) recorded $1.1 billion in inflows during a single trading session, marking the largest one-day inflow among US spot Bitcoin ETFs. The […]
Detroit to become largest US city to accept crypto payments for taxes
Key Takeaways Detroit will begin accepting crypto assets for tax payments from mid-2025, making it the largest US city to do so. The initiative aims to modernize public services and improve accessibility for unbanked residents. Share this article Detroit will soon allow residents to pay taxes and other city fees with crypto, becoming the largest […]
Trump’s crypto agenda: 10 things he says he will do as president
Key Takeaways Trump pledged a series of actions for the crypto industry, and many await to see if these 10 promises will materialize once he takes office. Trump plans to fire SEC’s Gensler, free Ross Ulbricht, and establish the US as a crypto hub. Share this article Throughout his campaign, Trump promised several initiatives aimed […]
Who is SEC’s Mark Uyeda? Trump’s frontrunner for SEC chair
Key Takeaways Mark Uyeda is a leading candidate to become SEC Chair under Trump’s administration. Uyeda has criticized the SEC’s current crypto regulatory approach and advocates for clearer guidelines. Share this article With Donald Trump’s victory in the 2024 presidential election, speculation is mounting about potential changes at the SEC. Among the top contenders to […]
Fed cuts rates by 25 basis points, pushing Bitcoin to a new all-time high of $76.7K
Key Takeaways The Federal Reserve reduced its benchmark rate by 25 basis points, the second cut this year. Bitcoin rose to $76.7K following the rate cut and Trump’s economic policies. Share this article The Federal Reserve cut its federal funds rate by 25 basis points today, lowering it to a range of 4.5–4.75%. As the […]
Trump adviser says Powell will likely keep Fed role until 2026
Key Takeaways Jerome Powell is expected to remain Federal Reserve Chair until May 2026 under a potential second Trump presidency. Trump’s relationship with Powell has been contentious, with past threats to remove Powell due to interest rate hikes. Share this article Federal Reserve Chair Jerome Powell is likely to complete his term through May 2026 […]
JPMorgan says both Bitcoin and gold should benefit from Trump’s victory
Key Takeaways JPMorgan predicts both Bitcoin and gold will benefit from Trump’s victory as part of the ‘debasement trade’. Retail investor interest in Bitcoin and gold is increasing, with continued investment expected into 2025. Share this article Bitcoin and gold are expected to benefit from Donald Trump’s presidential victory as part of the “debasement trade,” […]
