US

Former President Donald Trump holds over $32 million in crypto, having gone from a crypto critic to a vocal proponent of digital assets. Trump’s change in stance is largely attributed to Vivek Ramaswamy, who has been advising the former president. The change is reflected in Trump’s growing crypto holdings. Donald Trump’s Growing Crypto Holdings According to data compiled by Arkham Intelligence, Trump’s crypto portfolio has seen a significant increase in value over the past three months. The portfolio peaked at…

The post New Law Empowers U.S. President to Block Crypto Transactions appeared first on Coinpedia Fintech News A new law has granted the U.S. president extensive authority to block cryptocurrency access, raising concern among observers. This development empowers the president to block transactions between U.S. persons and foreign entities linked to terrorist organizations. The law mandates that the Secretary of the Treasury identify and report any foreign banks or crypto transaction facilitators knowingly engaging in massive transactions with terrorist organizations.…

The post Bitcoin to $150K if Trump Wins the U.S Election – Standard Chartered appeared first on Coinpedia Fintech News Geoff Kendrick, a Standard Chartered analyst, expects Bitcoin to hit $100,000 ahead of the U.S. Presidential elections and then $150,000 by year-end if Trump wins. He further stated that if Friday’s U.S. Non-Farm Payrolls data is favorable, Bitcoin’s price could reach a fresh all-time high over the weekend, paving the way for $80,000 by the end of June. Kendrick remains…

Former President Donald Trump has dramatically shifted his stance on crypto. Once a vocal critic, calling them a “disaster waiting to happen” in 2021, Trump has become a proponent of crypto by 2024. This remarkable change in perspective is largely attributed to Vivek Ramaswamy’s advice, which highlighted Trump’s growing crypto holdings, now exceeding $32 million. Inside Donald Trump’s $32 Million Crypto Portfolio Trump’s journey into the crypto market began in 2022 with the release of the Trump Digital Trading Cards…

Nearly $1 billion in $BTC was taken off the market and thrust into the US Spot Bitcoin ETFs on Tuesday. Only once previously has this daily amount been surpassed. $BTC is currently above $70,000 and potentially looking to break out to new highs.  Fifteen straight days of positive ETF inflows This could be it. Bitcoin is back above $70,000, and the stars are aligning in its favour. The $886 million inflow to the Bitcoin ETFs on Tuesday made sure that…

Bitcoin, the enigmatic digital currency, is back in the spotlight as the US banking system grapples with mounting stress. While some predict a stratospheric rise to $1 million per coin, fueled by economic woes, others remain skeptical. Banking On Bitcoin’s Rise? Bitcoin advocates see it as a beacon of stability in a storm. Unlike traditional assets tied to the health of institutions, Bitcoin boasts a finite supply and decentralized nature. This, they argue, positions it perfectly to benefit from a…

Finance expert David Krause has applauded Wisconsin’s bold move to invest in Bitcoin and says that a wave of US states will soon invest in the top crypto. While Wisconsin only invested $180 million, Krause believes it’s a trial run and that the state will continue pouring more money into Bitcoin ETFs. Three weeks ago, the State of Wisconsin Investment Board (SWIB) became the first in the US to invest in Bitcoin through Grayscale and BlackRock ETFs, as Crypto News…

The post US Banks Face $517 Billion in Unrealized Losses appeared first on Coinpedia Fintech News The latest Quarterly Banking Profile from the FDIC revealed that the US banking system has experienced an increase in unrealized losses, reaching $517 billion. This rise is primarily driven by higher mortgage rates impacting residential mortgage-backed securities. This quarter marks the ninth consecutive increase in losses since the Federal Reserve began its rate hikes in early 2022. Additionally, the number of lenders on the…

The SEC’s approval of Ethereum ETFs has caused significant price fluctuations, with Ethereum stabilizing around $3,800. Analysts predict a potential rally, with some expecting Ethereum to reach up to $20,000 due to increased institutional interest. The recent approval of Ethereum Exchange-Traded Funds (ETFs) by the US Securities and Exchange Commission (SEC) has injected fresh volatility into the cryptocurrency market. Following the greenlight on May 24, Ethereum’s price experienced significant fluctuations, ranging from $3,650 to $3,950, before stabilizing at approximately $3,800.…