Day: July 15, 2024

Bitcoin climbs as judge delivers bombshell ruling in Trump case

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Bitcoin and the broader crypto are up as traders react to the latest Donald Trump news. The flagship cryptocurrency jumped back above $63,000 and altcoins mirrored similar gains as former US President Donald Trump received a major boost with the dismissal of his classified documents case. Cryptocurrencies also rose sharply after Trump narrowly survived an assassination attempt on July 13. The latest gains have seen Trump related meme coins reverse the decline seen in the past 24 hours after rallying sharply on Sunday. MAGA, STRUMP and TREMP are green and…

BlackRock CEO: Bitcoin is ‘digital gold’

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BlackRock chairman and CEO Larry Fink said that he believes Bitcoin is a ‘legitimate financial asset class’ for those seeking financial control outside traditional systems. Once a skeptic, Fink now views Bitcoin (BTC) as a legitimate asset class.   “As you know, I was a skeptic. I was a proud skeptic,” Fink told CNBC. “I studied it, learned about it, and I came away saying, ‘Okay, my opinion five years ago was wrong.’”  Fink highlighted Bitcoin’s potential for uncorrelated returns and its role as a hedge against currency debasement and geopolitical…

What happened to the Chinese authorities’ 190k Bitcoins?

Chinese journalist Colin Wu released an investigation into PlusToken, one of the largest cryptocurrency Ponzi schemes in history. According to the journalist, the Chinese authorities have confiscated a large number of digital assets. The PlusToken team, led by a middle school educated man from Changsha, raised 310,000 Bitcoin (BTC), 9.17 million Ethereum (ETH), and over 51 million EOS using a simple Ponzi scheme and pyramid scheme model. Chinese police confiscated 190,000 BTC, 830,000 ETH, and 27.24 million EOS. “A man from Changsha, Hunan, with only a middle school education, raised…

BlackRock’s Larry Fink says he’s a ‘major believer’ in bitcoin

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Key Points BlackRock CEO Larry Fink told CNBC’s “Squawk on the Street” that he sees a future for bitcoin after previously being a “proud skeptic” of the cryptocurrency. BlackRock has become a significant player in crypto. Bitcoin has the potential to be a way for everyday investors to guard against significant government turmoil, according to the head of the world’s biggest asset manager. BlackRock CEO Larry Fink told CNBC’s ” Squawk on the Street ” that he sees a future for bitcoin after previously being a ” proud skeptic ”…

Satoshi-Era Whale Stirs Crypto Waters

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Recent events have seen the Bitcoin market show fresh vitality; the price of the coin exceeds $63,000. This spike coincides with a slew of noteworthy occurrences that both experts and investors have noticed. Related Reading Dormant Wallet Turns Into Action The turning on of a long-dormant Bitcoin wallet is among the most interesting events. Known as “1 EhXAfST,” the wallet had been dormant for almost 12 years until abruptly sending 1,000 BTC—worth about $60 million—to two new wallets. Given the wallet’s background, this shift is very important; each BTC was…

Crypto stocks, Trump Media jump after attempted Trump assassination

Following the attempted assassination of former President Donald Trump on Saturday, early-market trading on Monday saw a 53% surge in the shares of Trump Media & Technology Group (DJT) as well as increases for crypto-related stocks. The price of Bitcoin (BTC) also increased following recent Trump events. The presumptive Republican nominee is seen as pro-crypto, and BTC reflected election sentiment by surging above $63,000 on Monday.  Crypto-related stocks experienced a surge following Bitcoin’s climb to a two-week high after the recent events involving Trump. Coinbase Global (COIN), along with bitcoin…