Tag: donald trump

  • Sam Altman’s World is ordered by Brazil to stop cryptocurrency payouts for the collection of biometric data

    Sam Altman’s World is ordered by Brazil to stop cryptocurrency payouts for the collection of biometric data

    —

    by

    V Sinclair

    Brazil’s data protection authority has directed Sam Altman’s World, formerly Worldcoin, to cease offering cryptocurrency or financial rewards for collecting biometric data from its citizens.This directive, issued on January 24, 2025, comes after an investigation launched in November 2024, following the debut of the World ID project in Brazil.  What is World Network and Its…

  • Michael Saylor Hints at a New Bitcoin Purchase from MicroStrategy

    Michael Saylor Hints at a New Bitcoin Purchase from MicroStrategy

    —

    by

    V Sinclair

    MicroStrategy, a software intelligence company, is back in the spotlight for its bold Bitcoin (BTC) acquisition strategy. Its chairman Michael Saylor has teased another Bitcoin purchase is on the horizon.  With Bitcoin’s value soaring, currently sitting at around $101,490, the company’s holdings are now worth an impressive $47.3 billion.  Its calculated investment strategy is paying…

  • Crypto Market Bloodbath: $325 Billion Vanishes Amid Selling Pressure

    Crypto Market Bloodbath: $325 Billion Vanishes Amid Selling Pressure

    —

    by

    Oscar

    The cryptocurrency market has witnessed a brutal sell-off, erasing $325 billion in market capitalization since Friday. A major security breach at Bybit and concerns over liquidity have fueled the downturn, sending Bitcoin below $90,000. Meanwhile, Citadel Securities’ potential entry as a crypto liquidity provider and comments from former FTX CEO Sam Bankman-Fried add to the…

  • Bitcoin Slumps Below $90K Amid Market Sell-Off

    Bitcoin Slumps Below $90K Amid Market Sell-Off

    —

    by

    Oscar

    Bitcoin has plunged below the $90,000 mark, hitting a three-month low as market-wide selling pressure takes hold. The flagship cryptocurrency dropped 7% to $86,915, briefly touching $86,128—its lowest level since November. The decline follows weakness in equity markets, where top-performing stocks have seen sharp pullbacks. Analysts cite increased macroeconomic uncertainty and profit-taking as key factors…

  • Market Dynamics Are Affected by Trump’s Tariff Plans

    Market Dynamics Are Affected by Trump’s Tariff Plans

    —

    by

    V Sinclair

    In a bold move, President Donald Trump is considering declaring a national economic emergency to roll out a comprehensive tariff regime targeting both allies and adversaries. This initiative, potentially enacted under the International Economic Emergency Powers Act (IEEPA), seeks to alter global trade dynamics significantly. What Motivates Trump’s Tariff Approach? Reports indicate that Trump’s intention…

  • Crypto Markets Brace for Volatility Amid Key Events This Week

    Crypto Markets Brace for Volatility Amid Key Events This Week

    —

    by

    Oscar

    Bitcoin’s price action has remained lackluster, but this week’s macroeconomic events could provide the jolt traders have been waiting for. From FTX creditor payouts to a high-profile Trump-Musk interview, here’s what could move the crypto markets. FTX Payouts: Will It Boost Crypto? FTX, once the world’s third-largest crypto exchange, is beginning its first round of…

  • Bitcoin Slumps Below $95K as Hot U.S. Inflation Data Shocks Markets

    Bitcoin Slumps Below $95K as Hot U.S. Inflation Data Shocks Markets

    —

    by

    Oscar

    Bitcoin (BTC) plunged below $95,000 after fresh U.S. inflation data revealed prices rising faster than anticipated in January. The unexpected surge in the Consumer Price Index (CPI) sent shockwaves through financial markets, dimming hopes of early interest rate cuts by the Federal Reserve. CPI Numbers Exceed Forecasts The latest CPI report showed a 0.5% month-on-month…

  • Bitcoin Price Prediction: Is a Massive $150K Rally Just Around the Corner?

    Bitcoin Price Prediction: Is a Massive $150K Rally Just Around the Corner?

    —

    by

    V Sinclair

    In the last 24 hours, the Bitcoin market has seen a growth of 2.1%. Renowned crypto analyst James Check states that there is a lot of resemblance between the price action of the current cycle and that of the 2016 to 2017 cycle. Moreover, he predicts that the market could reach a top of $150,000…

  • Institutional Traders Still Wary of Crypto, JPMorgan Survey Finds

    Institutional Traders Still Wary of Crypto, JPMorgan Survey Finds

    —

    by

    Oscar

    A recent JPMorgan e-trading survey has revealed that 71% of institutional traders have no plans to trade crypto in 2025. While this figure is lower than the 78% recorded in 2024, it still highlights a cautious approach by traditional finance players towards digital assets. The survey, conducted in January 2025 with 4,200 respondents from 60…

  • SEC Scales Back Crypto Crackdown Under Trump Administration

    SEC Scales Back Crypto Crackdown Under Trump Administration

    —

    by

    Oscar

    The U.S. Securities and Exchange Commission (SEC) is scaling back its dedicated crypto enforcement unit, reassigning staff and restructuring its approach to digital assets. This move, initiated under the Trump administration, reflects a broader effort to ease regulatory pressure on the crypto industry. Trump Administration’s Pro-Crypto Push President Donald Trump, once a vocal critic of…