FTX co-founder and key witness Gary Wang asks judge for no jail time
Gary Wang, one of Sam Bankman-Fried’s longtime friends and a key witness at his trial, is set to be sentenced on Nov. 20. Go to Source
Month: November 2024
DeFi tokens soar 30% as traders tip ‘friendlier’ DeFi landscape under Trump
DeFi firms have feared implementing “value accrual mechanisms” for their tokens under the SEC’s oversight — but that could change with president-elect Donald Trump. Go to Source
Beyond the Dollar: Russia’s Path to Economic Independence Emerges
Russia is reshaping global finance, pivoting from the dollar to local currencies as more nations rally for alternatives to U.S. dominance in global transactions. A New Currency Frontier? Russia’s Strategy Signals Global Shift Kremlin spokesman Dmitry Peskov emphasized on Wednesday that Russia is not attempting to undermine the U.S. dollar, but instead is committed to … Read more
Bitcoin open interest tops chart after hitting $75K ‘sweet spot’
Bitcoin Open Interest reached $45.4 billion on Nov. 6 after Donald Trump won the US presidential election and Bitcoin tapped all-new highs. Go to Source
Trump memecoin massacre: Tokens plummet 50% after US election victory
Most of the Donald Trump-themed memecoins have tanked while the rest of the crypto market continues to gain. Go to Source
The Rising Force: Growing BRICS Relations Signal a New Economic Powerhouse
BRICS is expanding rapidly, strengthening ties as its growing membership boosts market capacity and cements its position as a major global economic force. Inside the Economic Surge of BRICS – A New Global Power Bloc Emerges The BRICS economic bloc is experiencing rapid growth, with its expanding market capacity and economic influence now outpacing traditional … Read more
Crypto stocks close on huge gains riding Donald Trump’s US election win
Traders have seized on optimism that the more pro-crypto Republicans could also win a majority in Congress after the party won the Senate and the White House. Go to Source
BlackRock Bitcoin ETF sees ‘biggest volume day ever’ with $4.1B traded
BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States. Go to Source
Bitcoin Taps Intraday High of $76.4K—Is This the Start of a Golden Bull Era?
Bitcoin (BTC) hit a peak of $76,481 on Bitstamp shortly after 3 p.m. EDT Wednesday. By 7:30 p.m., the flagship cryptocurrency hovered at $75,297 per coin. Market Chaos as Bitcoin Short Sellers Take a $242M Hit The day brought bitcoin a solid gain of over 9% against the U.S. dollar as of 7:30 p.m. It’s … Read more
Hut 8 tips 66% hashrate boost after deal to buy 31K Bitcoin miners
Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain. Go to Source