It’s morning in America again for the stock market in the wake of Donald Trump’s second election, with the Dow Jones Industrial Average jumping more than 1,200 points or 3 percent, the benchmark S&P 500 up 1.9 percent and tech-dominated Nasdaq Composite up 1.8 percent, Yahoo Finance reports.
Read the full story
A political action committee organized to support candidates friendly to cryptocurrency, the Bitcoin Voters PAC, released a new advertisement to run in Pennsylvania ahead of the election. The group supports former President Donald Trump and Republican Senate nominee Dave McCormick.
After suggesting cryptocurrency, specifically Bitcoin, could be as significant to Pennsylvania’s economy as steel, the ad highlighted past statements by Trump and McCormick offering support to the industry.
Read the full story
Former President Donald Trump raised $25 million during his recent fundraiser at the Bitcoin 2024 conference held in Nashville, according to the conference organizer, who also said it was the second-largest sum raised by the former president in any fundraiser over his three presidential campaigns.
David Bailey, the CEO of the Bitcoin Conference and Bitcoin Magazine, confirmed the $25 million fundraising haul for the Trump campaign in a post to the social media platform X.
Read the full story
Tens of thousands of people traveled to Nashville for former President Donald Trump’s keynote speech at the world’s largest Bitcoin conference, Bitcoin 2024, on Saturday at Music City Center.
Read the full story
Former President Donald Trump will speak at the world’s largest Bitcoin conference in Nashville from July 25-27 this month.
This year’s conference, Bitcoin 2024, is being held at Music City Center for the first time after being held in Miami, Florida, for the past three years.
Read the full story
On Sunday, with no official statement from either side, Saudi Arabia apparently allowed a deal with the U.S. to expire that could have dire financial ramifications.
The Kingdom reportedly did not renew its 50-year petro-dollar agreement with the United States when it expired on June 9, meaning Saudi Arabia can now sell its oil in other currencies, including the Chinese renminbi (RMB), Euros, Yen, and Yuan, instead of exclusively in U.S. dollars. According to reports, the use of digital currencies like Bitcoin is also being considered.
Read the full story
El Salvador has accumulated more than $30 million in profits by retaining bitcoin reserves, after becoming the first country in Latin America to adopt this digital currency in an initiative led by President Nayib Bukele since 2021.
Bitcoin , the most used cryptocurrency , soared this Wednesday, reaching November 2021 levels and exceeding $60,000 , after surpassing $57,100 the day before, which has generated profits for the Central American country.
Read the full story
U.S. Senators JD Vance (R-OH) and Thom Tillis (R-NC) have sent a letter to Gary Gensler, chair of the Securities and Exchange Commission (SEC), demanding answers after the commission’s X account tweeted false information leading to “drastic swings in the price of Bitcoin and other cryptocurrencies.”
On Tuesday, the SEC’s X account published a post announcing that it had approved Bitcoin exchange-traded funds (ETFs) to be listed on all registered U.S. securities exchanges.
Read the full story
The country’s first nuclear-powered data center and bitcoin mining operation – located in northeastern Pennsylvania – will soon welcome its first tenant.
Cumulus Data said the first of several 48 megawatt “powered shell data center” at its 1,200-acre campus in Columbia County that will provide digital infrastructure and decarbonized energy to clients via the Susquehanna Steam Electric Station in Berwick is now ready for lease.
Read the full story
People who have a problem with how much energy it takes to mine Bitcoin should take a more long term view of the situation and realize Bitcoin´s energy requirements are a feature, not a bug. Bitcoin mining provides a powerful market incentive for energy producers worldwide to increase the production of cheap energy, which could potentially drive down global energy prices. That’s great news for everyone, but it’s especially good for the least well-off in society, as they’ll be the ones who benefit the most from cheaper energy.
Bitcoin relies on a consensus mechanism called Proof-of-Work (PoW) which requires energy to issue new tokens into existence. PoW is a complex computing process performed with specialized machines that consume a lot of energy. Thanks to this technological innovation, today we all have access to a new form of money that exists in the digital world. Therefore, Bitcoin can be seen as both an “energy currency” and a “digital currency.”
Read the full story
Tennessee State Representative Jason Powell (D-Nashville) introduced a bill that would allow the state of Tennessee and other municipalities to invest in bitcoin, cryptocurrencies, and NFTs.
Read the full story
Chief Financial Officer of San Diego State University’s (SDSU) Campanile Foundation, David Fuhriman, spoke to Campus Reform about the school’s decision to accept Bitcoin and cryptocurrency donations.
Fuhriman noted the push to expand SDSU’s donor base, explained how the donated funds will be used, and expressed optimism for the asset class.
Read the full story
San Diego State University is now accepting donations in the form of Cryptocurrencies such as Bitcoin and Ethereum.
An anonymous donor has sent the school approximately $25,000 worth of Bitcoin, according to the SDSU NewsCenter.
“The SDSU auxiliary will keep almost all of the contribution in the form of Bitcoin instead of immediately converting it all to cash as many other universities have done,” the outlet reported.
Read the full story
The cryptocurrency market lost nearly $130 billion in value over the last 24 hours as major digital coins continue their extended sell-off, multiple sources reported.
Bitcoin dropped 4.81% to $33,693.63 over the last 24 hours while Ethereum slid 9.41% to $2,206.22, according to Coinbase. Both assets fell to their lowest level since July 2021, and each has lost roughly 50% of its highest value.
Cryptocurrencies have trended similarly to stocks, which have seen a sell-off since the start of 2022. Investors have dumped their assets, especially technology stocks, in preparation for tighter monetary policies from the Federal Reserve, including interest rate hikes and halting of the central bank’s asset purchasing stimulus program.
Read the full story
On Wednesday, a motion by Washington County, Tennessee that aims at stopping a Bitcoin mining operation was delayed until December 8th at 9 a.m. – the third time the motion has been delayed.
Read the full story
El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, allowing Salvadorans to use the cryptocurrency to purchase goods and services.
President Nayib Bukele officially announced the adoption of Bitcoin as a national currency in a press release late Monday, tweeting that the country had bought its first 400 bitcoins.
Read the full story
John Schnatter, the founder of Papa John’s pizza, headlined a unique event for cryptocurrency supporters and investors on Thursday, ahead of the Bitcoin 2021 conference in Miami.
Schnatter was selected as the featured speaker because the first physical purchase in history made with Bitcoin was the purchase of two Papa John’s pizzas in 2010 with 10,000 Bitcoins.
Read the full story
How have cryptocurrencies been covered on television news? The timeline below shows total mentions of “cryptocurrency” and Bitcoin, Ethereum and Dogecoin over the past decade, showing an initial glimmer of mentions from 2013-2015, but that coverage of cryptocurrencies did not really take off until December 2017 when Bitcoin reached a valuation of $20,000 per coin. Mentions again took off in January of this year and have increased steadily month over month as it has attracted ever greater prominence.
Read the full story
A 17-year-old from Tampa, Florida, was arrested Friday for allegedly carrying out the massive Twitter hacking scam on July 15, according to WFLA.
Graham Ivan Clark was arrested Friday around 6 a.m. and faces 30 felony charges in the alleged scam, which prosecutors have dubbed the “Bit-Con” hack, according to a press release from Hillsborough State Attorney Andrew H. Warren.
Read the full story
Unidentified hackers broke into the Twitter accounts of technology moguls, politicians, celebrities and major companies Wednesday in an apparent Bitcoin scam.
The ruse included bogus tweets from former President Barack Obama, Democratic presidential front-runner Joe Biden, Mike Bloomberg and a number of tech billionaires including Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates and Tesla CEO Elon Musk. Celebrities Kanye West and his wife, Kim Kardashian West, were also hacked. The fake tweets tweets offered to send $2,000 for every $1,000 sent to an anonymous Bitcoin address.
Read the full story
Hundreds of people around the world have been arrested in connection to the largest-ever online child sexual exploitation market funded by bitcoin, the Justice Department announced Wednesday.
Read the full story
A US regulator cleared the way Friday for bitcoin futures to trade on major exchanges, but warned investors the digital currency is prone to elevated risk and volatility. The decision opens the door for the Chicago Mercantile Exchange and CBOE Futures Exchange to offer contracts for futures of the virtual currency, rather than trading the actual currency.
Read the full story
A British convert to virtual currency Bitcoin, whose value has in recent days topped $11,000, had mixed feelings Wednesday as he contemplated a portfolio ostensibly worth $108 million — but beyond his grasp. James Howells was an early convert to the technology long before Bitcoin, dubbed “digital gold,” became all the rage, its value soaring some…
Read the full story