In his speech, US President Donald Trump said that bitcoin prices have hit record highs in a row, calling the phenomenon "The Trump Effect."
Ipek Ozkardeskaya, an analyst at Swissquote, said in a note that the euro was struggling against the dollar as eurozone government bond yields retreated from recent highs and ahead of Mr. Trump's inauguration on Monday. Mr. Trump is expected to announce a series of growth-boosting policies that could lead to inflation and potentially boost the dollar. At the same time, falling bond yields, the prospect of further interest rate cuts by the European Central Bank, and concerns about high debt level...
"Given that Ethereum is the only major cryptocurrency [other than Bitcoin] approved as the basis for a spot ETF, it could be a rotation target," Citi analysts said in a report on Monday. Other cryptocurrencies have fared even better, and their share of the overall cryptocurrency market cap is growing. Citibank added that respondents to a recent survey believe that counterfeit products will perform particularly well in 2025...
Ripple President Monica Long said in an interview on Tuesday that an XRP ETF could come to fruition soon, as favorable U.S. cryptocurrency legislation greatly benefits domestic companies. I think we will see more spot ETFs launched in the US this year, and XRP is likely to be the next crypto spot ETF after Bitcoin and Ethereum, Long said. Especially with the change of government, the approval of these applications will accelerate.
In a report on January 7, Multicoin Capital said it expects 2025 to be a "pivotal year" for Web3 as artificial intelligence booms and tokenization sparks an "institutionalization frenzy". The report predicts that as security tokens eventually "take off in a meaningful way," artificial intelligence-operated "zero-employee companies" will...
Musk wrote on X that if dollar inflation is addressed, all other things being equal, the dollar price for buying cryptocurrencies will actually decrease. What matters is the dollar-to-cryptocurrency ratio.
Musk said in a statement that OpenAI was originally an open-source, non-profit company, but now it has become a closed-source, profit-maximizing company.
Microsoft (MSFT. O) said in a blog post Friday that it will spend $80 billion on AI data centers in fiscal year 2025, according to CNBC. Of Microsoft's $80 billion spending, more than half will go to the U.S., wrote Brad Smith, vice chairperson and president of Microsoft, which ends fiscal year 2025 in June.
The Internal Revenue Service (IRS) has argued in a lawsuit that staking cryptocurrencies should create a tax liability immediately upon completion. The IRS has dismissed a lawsuit filed by cryptocurrency investor Joshua Jarrett in the U.S. District Court for the Middle District of Tennessee. The lawsuit concerns the tax treatment of staking, a process by which new tokens are generated by verifying monetary transactions using existing tokens and computing power. In its response on Dec. 20, the IR...
Binance co-founder Zhao Changpeng said in an X post that while waiting for new headlines, Bitcoin continues to reach new highs.
The Syrian opposition said in a televised speech that it had "overthrown the Assad regime".
Crypto analyst PlanB wrote on X that according to its speculation on the trend of Bitcoin's market in the next few years released at the end of September, BTC has basically achieved the first two goals, namely rising to $70,000 in October and rising to $100,000 in November (actually $99,800 but close enough to form the largest monthly candle of $26,000 ever). It added that BTC's next target is to rise to $150,000 in December.
Galaxy Research said in a research note on Tuesday that the bull market in Bitcoin (BTC) will continue, with BTC expected to cross the $100,000 mark in the near term. The report said that the increasing adoption of Bitcoin by institutions and businesses, the possibility of establishing a Bitcoin nation-state reserve, and the new U.S. government's support for cryptocurrencies all bode well for Bitcoin to move higher in the near and medium term. The launch of ETF options could raise...
The UK government will launch a pilot to offer a digital government bond instrument similar to a bond using distributed ledger technology, the Treasury said in a statement on Thursday. "The government will launch a pilot to deliver a digital government bond instrument using distributed ledger technology (DLT) to demonstrate the government's commitment to innovation in financial services," the Treasury said. DLT is the underlying technology for cryptoassets, and each node can save and update data...
Musk said in a statement that all actions of the Ministry of Government Efficiency will be published online to achieve maximum transparency. If the public thinks we have cut something important or not cut something wasteful, please let us know! We're also going to come up with a list of the stupidest tax expenditures. It's both tragic and entertaining