This week, the American economist and Nobel laureate Paul Krugman officially stepped away from his role as an opinion columnist for the New York Times. Social media buzzed with criticism, as many voiced sharp opinions about his track record, accusing him of repeatedly missing the mark on economic predictions. From Fax Machine to Bitcoin ‘Bubble’: …
Monthly archives: December 2024
Meet Bitcoin’s Biggest Players: The Top 10 Holders Commanding Nearly 15% of the Circulating Supply
As of Dec. 7, 2024, at 3:25 p.m. EDT, bitcoin (BTC) is trading at $100,297 per coin, making it the seventh-largest asset globally by market capitalization, with a total valuation of $1.98 trillion. Before stepping into 2025, here’s an in-depth look at the top ten entities holding bitcoin and their stakes. $294 Billion in Bitcoin: …
Former Silvergate Bank CTO and Trump’s ‘Crypto Czar’ David Sacks Speak Out on Operation Choke Point
Operation Choke Point 2.0, a campaign of regulatory pressure against cryptocurrency firms, has sparked a fresh wave of criticism from notable industry figures, including former Silvergate Bank Chief Technology Officer Chris Lane and entrepreneur David Sacks, recently appointed “Crypto Czar” by President-elect Donald Trump. Operation Choke Point 2.0 Under Fire from Industry Voices and Trump’s …
Meme Coin Madness: PEPE Market Cap Smashes $10B Mark in Epic Weekend Surge
Meme coins are lighting up the crypto market this weekend, with pepe (PEPE)—the token inspired by the iconic green frog meme—leaping 13.7% against the U.S. dollar, pushing its market cap beyond $10 billion. From Jokes to Riches: Meme Coins Soar as Market Hits $148B As of Saturday, the total meme coin economy has climbed to …
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US Treasury Acknowledges Bitcoin as ‘Digital Gold’ in Fiscal Report
The U.S. Treasury’s Fiscal Year 2024 Q4 Report describes how “digital assets have witnessed rapid growth albeit from a small base,” highlighting bitcoin’s “primary” function as a “store-of-value.” Treasury’s Bitcoin Remarks Ignite Conversations Among Enthusiasts On Saturday, enthusiasts on X buzzed over the Treasury’s comparison of bitcoin to “digital gold.” The report, crafted by the …
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BTC hits $100K, Trump taps Paul Atkins for SEC chair, and more: Hodler’s Digest, Dec. 1 – 7
This week Bitcoin reached $100,000 for the first time ever, Trump nominates pro-crypto Paul Atkins to replace Gary Gensler: Hodler’s Digest
Coinbase FOIA Requests Unearth More Instances of U.S. FDIC Asking Banks To ‘Pause’ Crypto Services
Top US-based crypto exchange Coinbase’s Freedom of Information Act (FOIA) requests are uncovering more instances where the U.S. Federal Deposit Insurance Corporation (FDIC) asked banks to freeze crypto services. In a new thread on the social media platform X, Coinbase chief legal officer Paul Grewal says the revealed information confirms the notion that the US …
Veteran Silicon Valley Investor David Sacks to Serve As Trump’s ‘White House AI and Crypto Czar’
President-elect Donald Trump announced on Thursday that veteran Silicon Valley venture capitalist David Sacks will serve as his White House AI (artificial intelligence) and Crypto Czar. Trump notes on Truth Social that Sacks will guide administration policy in both areas, which the former president says are “critical to the future of American competitiveness.” “David will …
US SEC Swatting Down Solana (SOL) ETFs Prior to Administration Change: Report
The U.S. Securities and Exchange Commission (SEC) is reportedly swatting down Solana (SOL)-based exchange-traded fund (ETF) applications in the final weeks of Gary Gensler’s tenure as the regulator’s chair. Fox Business journalist Eleanor Terrett, citing unnamed sources, says the SEC has notified at least two of the five SOL ETF applicants that their filings will …
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Hackers Infect 8,000,000 Smartphones As ‘SpyLoan’ Drains Bank Accounts, Steals Sensitive Data for Extortion: McAfee Alert
Cybersecurity firm McAfee says it’s identified a “significant global increase” in a smartphone hack that triggers extortion, harassment and drains bank accounts. McAfee says hackers are increasingly deploying a group of malicious financial apps containing “SpyLoan” malware, posing a serious threat with more than eight million active installations around the world. The apps are on …
Billionaire Investor Abruptly Dumps $20,000,000,000 Portfolio, Pours Cash Into Four Assets: Report
The head of a $210 billion asset management firm has decided to unload a massive pile of assets. Billionaire Israel “Izzy” Englander, CEO of Millennium Management, has sold off 68% of the firm’s Walmart (WMRT) position – 8.1 million shares worth about $745 million – according to its latest filings with the U.S. Securities and …
The Six Best Staking Platforms for Investment in 2025
A great method of making passive income, the trend of staking cryptocurrencies will rise to prominence around the world in 2025. Users generate rewards while contributing to the security of the blockchain network by locking up their crypto assets on reliable platforms. It would be difficult to find the best among them as several options …
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PNUT, Dogecoin Pumps Follow Bitcoin ATH – Catslap Smart Meme Coin Play for 2025?
Bitcoin’s latest all-time high has meme coins roaring back to life. Dogecoin and Peanut the Squirrel are two of the top performers, posting impressive gains in the past 24 hours. Meanwhile, newcomer Catslap might be next to rally – with investors suggesting it could be a smart buy for a potential bull run next year. …
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Dogecoin Markets Ignite: Elon Musk’s ‘Dogefather’ Memes Spark FOMO Frenzy
Dogecoin (DOGE) keeps climbing on Dec. 7, 2024, as technical data from its 1-hour, 4-hour, and daily charts point to persistent bullish energy. Adding to the buzz, interest has spiked thanks to DOGE-related posts shared by Elon Musk on X. Dogecoin The 1-hour chart highlights a robust uptrend for dogecoin (DOGE), with the price rebounding …
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AI Prophesies Bitcoin’s Future Price: Will BTC Soar or Sink by the End of Jan. 2025?
In mid-November, we reached out to several artificial intelligence (AI) chatbots to forecast bitcoin’s value at the close of 2024. Fast forward to today, with bitcoin recently touching $103,647 per coin, we decided it was time for another round of predictions. This time, we posed a slightly altered question to a group of generative AI …