Robert Kiyosaki is once again urging calm, saying he has no plans to sell his Bitcoin even as the market took a hard hit this week. According to his public comments, the finance author believes the recent downturn has more to do with people needing quick cash than any real shift in Bitcoin’s long-term value.…
Tag: crypto
Trump’s Bitcoin Mining Firm Gets $100M+ Boost From Scaramucci Family: Report
AJ Scaramucci’s family has put more than $100 million into a Bitcoin mining company backed by US President Donald Trump’s sons, according to reporting on the deal. The cash came through Solari Capital, the firm led by AJ Scaramucci, and was part of a larger $220 million pre-IPO financing in July. Funding Round And Backers…
Bitcoin To Eclipse Gold, Eric Trump Says—Calling BTC The ‘Greatest Asset’ Ever
According to remarks made at Yahoo Finance’s Invest event, Eric Trump told attendees he expects a major shift in how money flows between traditional stores of value and newer digital assets. He said Bitcoin’s fixed supply of 21 million coins and growing institutional buying are key drivers. In a separate interview with Fox Business in…
With Bitcoin At $94,000, Bitwise CEO Claims Crypto Has Endured A 6-Month Bear Market
Earlier on Friday, Bitcoin (BTC), the leading cryptocurrency in the market, retraced further toward the $94,500 mark, intensifying concerns about a potential bear market for the broader digital asset industry. In light of this, Bitwise CEO Hunter Horsley made some thought-provoking remarks about the current market conditions, suggesting that a bear market cycle has been…
Trump’s Sons’ Venture, American Bitcoin, Achieves Profitability In Q3–A Closer Look
In the latest financial report, American Bitcoin (ABTC), co-founded by Eric Trump and Donald Trump Jr., has announced significant profits for the third quarter (Q3) of the year. The company, operating as a miner and buyer of the world’s largest digital asset, experienced a profit boost due to improved margins. American Bitcoin Surpasses Previous Earnings…
Crypto ‘Pig-Butchering’ Scam Escalating Into A National Security Risk— Study
Chain analysts and law enforcement are sounding the alarm about a type of fraud known as “pig-butchering,” in which criminals groom victims online and push them into fake crypto investments. According to Chainalysis, crypto scams sent close to $10 billion on-chain in 2024, with pig-butchering revenue growing almost 40% year-over-year and the number of deposits…
Circle Stock Plummets By Almost 70% Post-IPO Debut, Analysts Issue Warnings
Following a notable debut on the Nasdaq earlier this year, Circle (CRCL), the issuer of the USDC stablecoin, has experienced a significant decline in its stock value. After hitting a peak of $298 on June 23, just 18 days post-launch, shares have now dropped by 68%, trading around $82. Circle Faces Challenges As Lockup Period…
Fear Not: Bitcoin Whale Selling Doesn’t Point To A Crypto Meltdown—Analysts
Bitcoin dropped to $96,000 on heavy selling Friday, and falling risk appetite, leaving traders and analysts parsing whether this is normal profit-taking or a larger turning point for the market. According to on-chain and market reports, the drop wiped out more than $700 million in long positions and left November down by more than 10%.…
Crypto On Alert: Raoul Pal Hints At Macro Twist Post-US Govt Shutdown
As the latest US government shutdown ends and markets refocus on macro plumbing, Raoul Pal has sketched out a strikingly liquidity-heavy roadmap on X – one that, in his framework, has direct implications for crypto. “So now the US Gov has reopened, what’s next?” Pal asks. He immediately points to the Treasury General Account (TGA):…
BREAKING – Crypto Markets Cheer As Trump Signs Bill Ending Gov’t Shutdown
United States President Donald Trump late Wednesday signed legislation that ended the country’s 43-day government shutdown, reopening federal agencies and restarting paused services after what had become the longest shutdown in modern history. Reports have disclosed the measure passed both houses this week and moves quickly to restore pay and services. Funding Push Restores Pay…