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☆ Trump’s social media company is exploring a crypto payment service called TruthFi
▼ + stars: | 2024-11-21 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Truth Social, the social media platform owned by President-elect Donald Trump, appears to be exploring a move into the crypto space. Trump Media & Technology Group filed a trademark application earlier this week for TruthFi, which it described as a cryptocurrency payment processing platform. It’s not clear how far along Trump Media is in evaluating a crypto payment service or whether the Trump-owned public company will ultimately launch such a platform. The trademark application illustrates the thorny conflict-of-interest issues raised by Trump’s election victory and his sprawling business empire. The trademark application for a crypto payment service comes just days after the Financial Times reported that Trump Media is in advanced talks to acquire crypto trading platform Bakkt.

Persons: Donald Trump, Trump, Gary Gensler, Gensler, Bakkt, Cantor Fitzgerald, Howard Lutnick, Lutnick Organizations: New, New York CNN, President, Trump Media & Technology Group, Trump Media, Trump, Securities and Exchange Commission, SEC, Financial Times, Liberty, Commerce Department Locations: New York, Washington, United States, Bakkt

☆ Trump’s Commerce secretary pick backas a crypto company that can’t seem to stay out of trouble
▼ + stars: | 2024-11-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

It is effectively an unregulated, offshore bank that’s become a tent pole of the $3 trillion crypto industry. The tether token is known as a stablecoin, a kind of crypto that was created to hold its value steady while others, like bitcoin and ether, swing wildly minute to minute. The company is now one of the biggest players in crypto, with a daily trading volume that eclipses even bitcoin, the world’s most popular token. Tether told the WSJ in a statement that any suggestion it was involved in criminal activity was “outrageous” and that the company works actively with law enforcement to combat illicit activity. But Lutnick, a Bitcoin enthusiast whose Wall Street firm manages Tether’s stockpile of Treasury bills, has eagerly defended the stablecoin issuer.

Persons: New York CNN — Howard Lutnick, Cantor Fitzgerald, who’s, they’re, Brock Pierce, “, Giancarlo Devasini, “ There’s, we’ve, ” Lutnick, Donald Trump’s, —, didn’t, Lutnick, Gary Gensler, ” Faryar Shirzad, “ It’s, ” Organizations: New, New York CNN, US Commerce Department, Ducks, Street, Manhattan US, Treasury Department, Bloomberg, Economic, Commerce Department —, Treasury, Securities and Exchange Locations: New York, Russian, Davos, United States, bitcoin

☆ The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
▼ + stars: | 2024-11-17 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +10 min

Crypto super PACs spent heavily on Republicans as well as key Democrats, including two who won open seats in the US Senate, Elissa Slotkin in Michigan and Ruben Gallego in Arizona. How Washington regulates the industry has enormous consequences for this burgeoning sector, along with the 52 million Americans who now hold digital assets. “The strategy is to have as many conversations with as many people in the Trump orbit as possible so that everyone has an understanding of what the crypto industry is most interested in,” she said. They also helped finance Fairshake, a crypto industry super PAC launched last year that was active in congressional contests. An industry super PAC spent $40 million to back to Republican Senate candidate Bernie Moreno in Ohio, who ousted three-term Democratic Sen. Sherrod Brown.

Persons: Donald Trump, Gary Gensler, Biden, Crypto, Elissa Slotkin, Ruben Gallego, Sam Bankman, “ Crypto, ” Kristin Smith, we’ll, that’s, ” Smith, ”, Smith, Dan Gallagher, Paul Atkins, Atkins, Gallagher, Bitcoin, Trump, –, It’s, Barron, Steve Witkoff, multibillionaire Elon Musk, Cantor Fitzgerald Howard Lutnick, Carlos Barria, Reuters Howard Lutnick, Cantor Fitzgerald, Marc Andreessen, Ben Horowitz –, Sergio Gor, Andreessen, “, Tyler, Cameron Winklevoss, Musk, Katie Porter, Massachusetts Sen, Elizabeth Warren, Porter, Adam Schiff, Bernie Moreno, Democratic Sen, Sherrod Brown, Brown, Moreno, Colin McLaren, ” Robert Weissman, Andreessen Horowitz, Kara Calvert, CNN’s David Wright Organizations: CNN, Trump, Securities, Exchange Commission, Industry, Crypto, Blockchain Association, SEC, Token Alliance, Liberty, Liberty Financial, of Government, Republican, Reuters, Venture, Biden, PAC, Democratic Rep, Democratic, Banking Committee, Commodities Futures Trading Commission, Cedar Innovation Foundation, Consumer, Public Citizen Locations: Washington, Michigan, Arizona, Madison, New York City, U.S, America, Bitcoin, Massachusetts, California, Ohio

☆ Tether denies report of U.S. probe into stablecoin issuer: CNBC Crypto World
▼ + stars: | 2024-10-28 | by ( Brandon Gomez | Jordan Smith | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTether denies report of U.S. probe into stablecoin issuer: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Joshua Garcia of Ketsal discusses a report from the Wall Street Journal that says Tether is facing a probe by U.S. prosecutors, which Tether denies.

Persons: explainers, Joshua Garcia, Ketsal Organizations: U.S, CNBC Crypto, CNBC, Wall Street

☆ DOJ probing Tether over possible violations of sanctions and money laundering rules, reports say
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ probing Tether over possible violations of sanctions and money laundering rules, reports sayCNBC's Eamon Javers joins 'Power Lunch' to discuss reports that crytopcurrency Tether being. probed by DOJ over possible violations of sanctions and laundering rules.

Persons: Eamon Javers Organizations: DOJ

☆ Watch Tether CEO Paolo Ardoino speak live on stablecoins, regulation
▼ + stars: | 2024-10-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Paolo Ardoino, the CEO of Tether, is set to speak Tuesday at the DC Fintech Week conference at Fannie Mae's headquarters in Washington, D.C.Tether is the company behind the largest stablecoin, USDT , which is pegged to the U.S. dollar. It is the third-largest cryptocurrency by market capitalization, according to CoinMarketCap. USDT accounts for about 71% of the market of U.S. dollar-backed stablecoins, with a market cap of about $120 billion, according to CryptoQuant. Tether has faced criticism over a lack of transparency, while USDT has come under fire for its alleged use by criminals. Nevertheless, it remains the most popular and most easily accessible stablecoin due to its ubiquity across global exchanges.

Persons: Paolo Ardoino, USDT, Ardoino's, stablecoins Organizations: DC, Fannie, U.S ., Europe's, CNBC, YouTube Locations: Fannie Mae's, Washington ,, U.S, Crypto

☆ Trump PAC has raised about $7.5 million in crypto donations since early June
▼ + stars: | 2024-10-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Adam Gray | Afp | Getty ImagesA political action committee supporting former President Donald Trump has raised about $7.5 million in cryptocurrencies. The PAC said the latest filing covered donations in the period of July 1 through Sept. 30, but numbers included cumulative contributions. At least 18 donors gave more than $5.5 million in bitcoin to Trump 47, the filing shows. Trump said in his keynote that his campaign had raised $25 million from the crypto industry, though he didn't specify the split between digital tokens and dollar donations. Among the new donors is Chase Herro, one of the co-founders of the Trump family's new crypto project World Liberty Financial.

Persons: Eric Trump, Donald Trump, Donald Trump , Jr, Adam Gray, Andreessen Horowitz, Lockheed Martin, David Bailey, bitcoin . Bailey, indoctrinated Trump, Trump, Chase Herro, Mike Belshe, Brian Murray, Craft, David Sacks, Trevor Traina, Bruce Fenton, Gary Cardone, Stuart Alderoty, Alderoty, Sacks, Chris Larsen, Kamala Harris, Forward, Larsen, Gary Gensler, Biden, Marvin Ammori, Tyler, Cameron Winklevoss Organizations: Republican, World Trade, Afp, Getty, Trump, U.S, GOP, PAC, Public Citizen, Lockheed, Duthie Power Services, Esperanza Entertainment, BTC Inc, Liberty Financial, Craft Ventures, Kresus Labs, Chainstone, Cardone Digital Ventures, CNBC, White, SEC, Biden, Harris Locations: New York City, cryptocurrencies, Puerto Rico, bitcoin ., Nashville, bitcoin, XRP, San Francisco, Harris, Bay

Fed rate cuts are likely to help push bitcoin and other risk assets higher, but some stablecoin issuers could suffer a hit to their revenue. Tether (USDT) and USD Coin (USDC) dominate the market, making up 70% and 21%, respectively, according to CryptoQuant. "As rates begin to fall, that has a giant impact on their [profit and loss] and their bottom line." Stablecoins – cryptocurrencies that promise a fixed value peg to another asset, usually the U.S. dollar – are widely seen as crypto's killer app. Jeremy Allaire, CEO of USDC issuer Circle, told CNBC lower interest rates are "a very good thing" for the company because lower interest rates will likely increase investment and economic activity – which would benefit the company.

Persons: Bernstein, Kevin Lehtiniitty, they're, Wainwright, Kevin Dede, Jeremy Allaire, Allaire Organizations: U.S ., CNBC

A Detroit man was arrested after allegedly slashing the neck of a 7-year-old girl this week at a park. Lansky approached the girl at the park and cut her throat with a knife before fleeing the scene, Detroit police said. A spokesperson for Detroit police said the department already completed its investigation and handed it to the prosecutor's office, which determined the charges. He was released on $2 million bond and placed under house arrest with a GPS tether, according to the prosecutor's office. A bond redetermination hearing is set for Monday and a probable cause conference is scheduled for Wednesday, the prosecutor's office said.

Persons: Gary Lansky, Lansky, Maria Miller, Lanksy Organizations: Prosecutor's Office, Islamic Relations, Detroit, CAIR, Detroit Police Department, Court Locations: Detroit, Wayne, American

☆ Coinbase is delisting some stablecoins in Europe this year. Here's what it could mean for the crypto stock
▼ + stars: | 2024-10-07 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Circle-issued USD Coin (USDC) did not hit the market until 2018. "Coinbase and Circle have a revenue sharing agreement — they share 50% of USDC revenue," he said. "If the market cap for USDC goes up revenue for Coinbase will increase as well." The market cap for dollar-backed stablecoins has been hitting all-time-highs in recent weeks after a sharp drop in 2023. Tether makes up more than 70% of the market cap of U.S. dollar-backed stablecoins, according to CryptoQuant.

Persons: Owen Lau, Oppenheimer, Lau, stablecoins Organizations: European Union, CNBC, . Locations: Europe, Crypto

☆ How I built a $2 billion a year super app called Grab: '20 hour' work days
▼ + stars: | 2024-10-07 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

After the business went public in the U.S. in December 2021, it brought in over $2 billion in revenue in 2023, according to documents reviewed by CNBC Make It. As of 2023, Grab also serves over 35 million customers and provides 13 million gig jobs across eight countries in Southeast Asia. "We both really believed we were very blessed [and] we wanted to serve Southeast Asia." There's no arguing, however, that Grab has shaped the very infrastructure of Southeast Asia. In December 2021, Grab went public and listed on the Nasdaq.

Persons: Anthony Tan didn't, Tan Heng, Tan, Tan's, that's, Ferdinand ] Marcos, Hooi Ling Tan, Anthony Tan, Uber, Dara Khosrowshahi Organizations: Kuala Lumpur Stock Exchange, CNBC, Harvard Business School, Base, Malaysian, Nasdaq Locations: Tan Heng Chew, U.S, Southeast Asia, Philippines, Malaysia, Kuala Lumpur, Chi Minh, Vietnam, Manila, Asia, Southeast

☆ XRP slides 9% after SEC appeals decision in landmark Ripple case
▼ + stars: | 2024-10-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

XRP was last lower by more than 9% at 52 cents a coin, according to Coin Metrics. Ripple, the largest holder of XRP coins, scored a partial victory last summer after a three-year battle with the SEC. U.S. District Judge Analisa Torres handed down the decision, which was hailed as a landmark win for the crypto industry. Still, while XRP isn't considered a security when sold to retail investors on exchanges, it is considered an unregistered security offering if sold to institutional investors. XRP, which was created by the founders of Ripple, is the native token of the open source XRP Ledger, which Ripple uses in its cross-border payments business.

Persons: XRP, Analisa Torres, XRP isn't, Brad Garlinghouse, Stuart Alderoty, Alderoty, Gary Gensler, Garlinghouse Organizations: Securities and Exchange Commission, SEC, U.S, District, Bitwise Asset Management Locations: Paris, France, Delaware

☆ Stablecoins are becoming ‘systemically important’ as market cap returns to record highs, analysts say
▼ + stars: | 2024-09-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The market cap for stablecoins — cryptocurrencies that promise a fixed value peg to another asset — has recently reached all-time-high levels after a sharp drop in 2023. Monthly payments in stablecoins tripled to $1.4 trillion in the 12 months leading up to July. This could have investment implications for Robinhood down the road, he added, as it "continues integrating stablecoins for crypto trading & cross-border transfers." Crypto investors watch stablecoins closely for evidence of demand, liquidity and activity in the market. PayPal last year launched its own dollar-backed stablecoin, while Visa has been supporting stablecoin payments and Mastercard is supporting stablecoin wallets and other crypto card programs.

Persons: —, Bernstein, Gautam Chhugani, Kevin Dede, Wainwright, Dede, Goldman Sachs, Wells, Rob Goldstein, Michael Bloom Organizations: H.C, JPMorgan, PayPal, Visa, Mastercard, BlackRock, New, Financial Locations: New York City, Boston, New York

☆ Elena Congost to appeal ‘cruel’ disqualification after Paralympics controversy
▼ + stars: | 2024-09-20 | by ( Jamie Barton | ) edition.cnn.com time to read: +7 min

With Carol running steadily again, he and Congost crossed the finish line to claim the bronze medal – or so they thought. “I couldn’t believe what was happening,” Congost told CNN Sport. “The Spanish Paralympic Committee, thanks to pressure from the media, issued a statement on (September 8) that they would give me the grant as if I were a medalist. “(The Spanish Paralympic Committee) will pay me retroactively, they have promised. Thibault Camus/APCongost is adamant that Michishita, the Japanese runner who finished behind her, is not deserving of the bronze medal she was presented with.

Persons: Elena Congost, Mia Carol, Carol, Michishita, Carol cramping, Congost, ” Congost, “ I’d, I’d, I’m, “, ”, Thibault Camus Organizations: CNN, CNN Sport, Paralympic, Olympic Games, Spanish Paralympic Committee, Spanish Paralympic, National Sports Council, Spanish Federation of Sports for Blind People, SPC, Para Athletics, Athletics, Para, Japanese Paralympic Committee, Eiffel Locations: Spanish, Rio de Janeiro, Tokyo, Brazil, Paris, disqualifying

Days after returning to Earth, the four civilian crew members of the Polaris Dawn mission opened up about their experience seeing the planet from orbit, floating in weightlessness and conducting the world’s first all-civilian spacewalk. “The perfection of what you’re looking at is just awe-inspiring,” Poteet said, recalling the views of sunrises and sunsets out the window of their SpaceX Crew Dragon capsule. The crew spent two-and-a-half years training for the Polaris Dawn mission, which included choreographing and rehearsing each step of the spacewalk. (The crew members also raised money for St. Jude Children’s Research Hospital during their time in orbit.) He said the larger goal for both SpaceX and the Polaris program is to eventually make humans a multiplanetary species.

Persons: NBC’s Lester Holt, Jared Isaacman, Scott “ Kidd ” Poteet, Sarah Gillis, Anna Menon —, ” Poteet, Lester Holt, Isaacman, ” Isaacman, “, Gillis, “ It’s, ”, Poteet, Menon, choreographing, Jude Children’s, Van Allen Organizations: Polaris, NBC, Air Force, SpaceX, St, Jude Children’s Research Hospital Locations: Gulf of Mexico, Florida

A SpaceX capsule carrying four private citizens splashed down off the coast of Florida before dawn 3:36 a.m. The five-day Polaris Dawn flight marked the fifth private mission for SpaceX’s Crew Dragon capsule. This meant that all four members of the Polaris Dawn mission wore spacesuits during the spacewalk, and the entire capsule was depressurized to vacuum conditions. He was part of the first all-civilian SpaceX mission to orbit in 2021 and funded the Polaris Dawn mission, his second spaceflight, for an undisclosed sum. The Polaris Dawn flight was designed to test new technologies and procedures for future long-duration missions.

Persons: Jared Isaacman, Scott “ Kidd ” Poteet, Sarah Gillis, Anna Menon, ” operatators, Isaacman, Gillis, Van Allen Organizations: SpaceX, Air Force, Polaris, Polaris Dawn Locations: Florida, Tortugas , Florida, Gulf of Mexico

☆ Americans lost a record $5.6 billion to crypto scams last year, says FBI—this is the No. 1 kind to watch out for
▼ + stars: | 2024-09-13 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Financial losses "involving the use of cryptocurrency, such as bitcoin, ether or tether" last year totaled over $5.6 billion, per the agency's 2023 Cryptocurrency Fraud Report . Americans lost billions to cryptocurrency scams in 2023, according to a recent report from the United States Federal Bureau of Investigation. However, investment scams swindled Americans out of $4 billion, the highest loss by crypto crime type last year, per the FBI's report. They'll sometimes communicate with victims for months in order to gain their trust before offering so-called investment advice about cryptocurrency. And even after paying the fees, many victims aren't able to recover the bulk of what they've already lost, per the FBI's report.

Persons: fraudsters, they're, they've Organizations: FBI, United States Federal Bureau of Investigation

☆ Billionaire undertakes first civilian spacewalk and big moments from the VMAs: Morning Rundown
▼ + stars: | 2024-09-12 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

Some Donald Trump allies expressed concern over his debate performance. And Taylor Swift and Chappell Roan win big at the MTV VMAs. SpaceX / PolarisFour private citizens orbiting Earth in a SpaceX capsule are attempting to make history by completing the world’s first all-civilian spacewalk. During the outing, Isaacman and Gillis are expected to exit the SpaceX Crew Dragon capsule on a tether. Trump’s conspiracy-laced debate performance prompts concernsFormer President Donald Trump declared Tuesday’s debate against Vice President Kamala Harris a win, but not all his allies see it that way.

Persons: Donald Trump, Taylor Swift, Chappell Roan, Francine drenches, Francine, Jared Isaacman, Scott “ Kidd ” Poteet, Sarah Gillis, Anna Menon, Isaacman, Gillis, Kamala Harris, Harris ’, Trump, David Ingram, Matt Dixon, ’, Megan Thee, Britney Spears, hird, ong, Joh, els, ord Organizations: MTV, Angeles National Forest, SpaceX, Polaris, Air Force, Tech, Republican, Senior, Trump, Megan Thee Stallion, Doha Madani Locations: Louisiana, Southern California, Francine drenches Gulf, New Orleans, Alabama, Florida, California, San Bernardino County, Orange County, ord

☆ Ripple's XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF
▼ + stars: | 2024-09-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The price of Ripple's XRP token jumped Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency. XRP was last higher by more than 3% at 56 cents a coin, according to Coin Metrics. XRP is the native token of Ripple's XRP Ledger, whose main purpose is to facilitate cross-border financial transactions. Grayscale made history shortly after when a court ruled that the SEC was wrong to deny crypto investment giant permission to convert its popular bitcoin trust into an ETF. The Grayscale Bitcoin Trust and the Grayscale Ethereum Trust began trading in January and July of this year, respectively, as ETFs.

Persons: XRP, Rayhaneh Sharif, Analisa Torres, cryptocurrencies, Bitcoin, MicroStrategy, —, Jesse Pound Organizations: Metrics, Securities and Exchange Commission, District, SEC Locations: London, England, Bitcoin, U.S

A SpaceX capsule carrying four private citizens blasted off early Tuesday on a five-day mission that is set to include the first spacewalk carried out by an all-civilian crew. The mission, known as Polaris Dawn, lifted off at 5:24 a.m. ET from Launch Complex 39A at NASA’s Kennedy Space Center in Florida. Isaacman, who previously funded and took part in the first all-civilian SpaceX mission to orbit in 2021, is bankrolling the Polaris Dawn mission in partnership with SpaceX. As such, all four astronauts will wear and test newly designed spacesuits during the spacewalk.

Persons: Polaris Dawn, Jared Isaacman, Scott “ Kidd ” Poteet, Sarah Gillis, Anna Menon, Isaacman, Gillis Organizations: SpaceX, Polaris, NASA’s Kennedy Space Center, Space, Air Force Locations: Florida

☆ Trump's bitcoin strategy was shared behind closed doors with CEOs who raised $25 million. Here's what he told them.
▼ + stars: | 2024-08-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +15 min

Bitcoin 2024 attendee wears "Make Bitcoin Great Again" baseball cap. Trump said on Saturday that his campaign has raised $25 million from the crypto industry since it began accepting cryptocurrency donations in May. "Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. "The rules will be written by people who love your industry, not hate your industry," Trump declared that afternoon in the main auditorium as he warmed up the crowd. As Riot's Les put it, "I think the core message that we communicated to President Trump was, 'This is your industry leadership group.

Persons: Donald Trump, Jon Cherry, Donald Trump White, Tyler, Cameron Winklevoss, Paul Grewal —, David Sacks, Cantor Fitzgerald, Howard Lutnick, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Vivek Ramaswamy —, Kid Rock, Billy Ray Cyrus, Jason Les, Fred Thiel, Zach Bradford, Chris Cook, Amanda Fabiano, Michael Saylor wasn't, Saylor, Trump, That's, Donald Trump's, Les, he's, litigator, Tracy Hoyos, Cyrus strummed, " Hoyos, López, Hoyos, Cyrus, López Trump, Marathon's Thiel, Thiel, David Bailey, Bailey, Sen, Elizabeth Warren, Gary Gensler —, Kamala Harris, Cook, Saturday's, CleanSpark's Bradford, Riot's Les, indoctrinating, Bradford, they've, It's, we're Organizations: Republican, Getty, Music City Center, GOP, Gemini, Trump, U.S ., State Department, Marathon Digital Holdings, CNBC, Music City, Riot, Attorney, Bitcoin, BTC Inc, U.S . Securities, Exchange, US, Bloomberg, indoctrinating Trump, Industry, Mar Locations: Nashville , Tennessee, San Francisco, Nashville, Mar, Lago, U.S, San Bernardino County, López

☆ Bitcoin could be heading for a 'summer of 2021 style' correction between record highs, data shows
▼ + stars: | 2024-07-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin is not expected to retest its record until later this year, but data shows this correction could get uglier before a recovery begins — similar to how the cryptocurrency fared between two all-time highs in 2021. A bitcoin valuation indicator, CryptoQuant's Bitcoin Profit and Loss Index, is currently hovering around its own 365-day moving average. "Bitcoin is at a level where a local bottom can form or a major 'summer of 2021' style correction can occur," said Julio Moreno, CryptoQuant's head of research. "Prices have typically bottomed out when traders' margins touch extremely negative levels as seen currently." Bitcoin is currently retesting key support at $57,000 for a third day after sliding below that level last week.

Persons: Bitcoin, Julio Moreno, CryptoQuant's, Moreno Organizations: Traders

☆ Crypto firm Circle gets approval to issue stablecoin in EU under bloc’s strict rules
▼ + stars: | 2024-07-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

In this article USDC.CM= Follow your favorite stocks CREATE FREE ACCOUNTLaunched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation. The company said it is also opening up its Circle Mint, which allows businesses to mint and redeem Circle stablecoins, in France. That's because according to MiCA, crypto businesses are able to offer their services in one EU country and "passport" them out into other markets within the bloc. After that point, crypto companies will have until July 2026 to become fully compliant with MiCA. Launched in September 2018 by Circle and crypto exchange Coinbase, USDC is now the second-biggest stablecoin globally, with $32.4 billion worth of tokens in circulation, according to CoinGecko data.

Persons: Circle, it's, Prudentiel, Jeremy Allaire, Allaire, cryptocurrencies, stablecoins, USDT Organizations: Getty, EMI, Union's, U.S ., Investors, European Union, Circle Locations: France, Crypto, U.S, European

☆ Space elevators could get us to Mars in record time — and Japan is planning one for 2050
▼ + stars: | 2024-06-05 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

The concept of space elevators isn't new, but engineering such a structure would be no easy feat, and many other issues besides technology stand in the way. Japan aims to build a space elevator by 2050Japan's Skytree Tower is tall, but it's nowhere near as big as a space elevator. AdvertisementAccording to some designs, space elevators would shuttle cargo to orbit on electromagnetic vehicles called climbers. Other estimates for space elevators in general have put the price at $227 per pound. For instance, a space elevator's tether would be under such incredible tension that it would be prone to snapping, Johnson said.

Persons: —, Yoji Ishikawa, Ishikawa, Christian Johnson, Johnson, Garlic, There's, Victor Habbick, Obayashi, haven't Organizations: Service, Business, Obayashi Corporation, Kyodo, Science, Getty, NASA, Obayashi Locations: Japan, Tokyo, Earth

☆ Opinion: Trump should go to jail if he violates judge’s gag order again
▼ + stars: | 2024-04-30 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +8 min

Merchan sanctioned Trump for violating his gag order for nine posts and reposts on his Truth Social site and campaign website, targeting witnesses and jurors in his Manhattan prosecution. In his written order, summarized from the bench at the start of the trial on Tuesday, the judge also warned Trump that if he persists in violating the gag order, he faces jail time. Perhaps the new sanctions — or those likely to come in response to the newest four allegations of gag order violations — will be the end of it. As I have previously explained, Trump’s argument that the gag order infringes his First Amendment rights is specious. In any event, even if Trump believes those things, that is no excuse under New York law to violate a court order.

Persons: Norman Eisen, “, Donald Trump, Norm Eisen, Juan Merchan, Merchan, Trump, ” Trump, incarcerate, Nelson Mandela, it’s, —, ”, Michael Cohen, Stormy Daniels, Trump’s Organizations: CNN, Trump, Liberal, New, White House Locations: Manhattan, New York

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