Zion Tech Group

Tag: Crypto

  • FaZe Banks slams Hawk Tuah girl’s team after leaked podcast sparks crypto controversy


    Haliey Welch, known as the “Hawk Tuah” girl, has landed in fresh controversy after a leaked podcast episode reignited scrutiny over her failed meme coin, $HAWK.

    The episode, which featured FaZe Clan co-founder Richard “FaZe Banks” Bengtson, was uploaded prematurely before being quickly removed—but not before screenshots and clips circulated online.

    Welch, who went viral in 2024 before launching her controversial Solana-based crypto token in December, had been silent since its collapse. The project immediately faced backlash from crypto analysts like Coffeezilla and Banks, who called it a “mismanaged scam.” Banks had previously urged Welch to fire her team over the coin’s disastrous rollout.

    Banks took to X (formerly Twitter) on February 6, 2025, slamming Welch’s team for the premature leak, which led to a spike in $HAWK’s trading volume. He revealed that he had agreed to appear on her Talk Tuah podcast under strict conditions, including preventing market manipulation and establishing a clear resolution for the token’s mismanagement.

    “Now today, the episode ‘randomly’ gets leaked. The price of $HAWK is pumping, and they completely fumbled the bag, yet again,” Banks wrote, accusing Welch’s team of insider trading and mishandling the situation.

    Welch has yet to issue a statement on the podcast leak, and the episode remains absent from her YouTube channel. With renewed scrutiny on her crypto dealings, the controversy surrounding Welch and her failed meme coin shows no signs of slowing down.





    FaZe Banks, co-owner of the popular eSports organization FaZe Clan, has come under fire after a leaked podcast episode sparked controversy surrounding cryptocurrency investments made by the Hawk Tuah girl’s team.

    In the podcast, which was recorded several months ago and recently leaked online, members of the Hawk Tuah girl’s team discussed their investments in various cryptocurrencies, including Bitcoin and Ethereum. The team members claimed to have made significant profits from their investments, leading to accusations of insider trading and market manipulation.

    FaZe Banks, who is known for his outspoken personality and no-nonsense attitude, did not hold back in his criticism of the Hawk Tuah girl’s team. In a series of tweets, he slammed the team for their alleged involvement in the cryptocurrency market, calling their actions “reckless” and “irresponsible.”

    The controversy has sparked a heated debate within the gaming and cryptocurrency communities, with many calling for a formal investigation into the Hawk Tuah girl’s team’s activities. Some have even called for the team to be banned from future eSports competitions.

    As the situation continues to unfold, it remains to be seen how FaZe Banks and the Hawk Tuah girl’s team will respond to the backlash. One thing is for sure – this controversy has once again put a spotlight on the murky world of cryptocurrency investments in the gaming industry.

    Tags:

    1. FaZe Banks
    2. Hawk Tuah
    3. girl’s team
    4. leaked podcast
    5. crypto controversy
    6. FaZe Banks controversy
    7. social media drama
    8. influencer feud
    9. internet gossip
    10. online drama

    #FaZe #Banks #slams #Hawk #Tuah #girls #team #leaked #podcast #sparks #crypto #controversy

  • Fed’s Powell says banks can provide crypto services, with caveats – Ledger Insights


    During a press conference after announcing unchanged interest rates, Federal Reserve Chair Jerome Powell touched on the topic of cryptocurrencies. He said that banks can provide cryptocurrency services to customers, so long as it’s done in a safe and sound manner.

    He added, “we’re not against innovation, and we certainly don’t want to take actions that would cause banks to terminate customers who are perfectly legal just because of excess risk aversion maybe related to regulation and supervision.”

    Following a court order, the Federal Deposit Insurance Corporation (FDIC) recently published letters which highlighted the scrutiny banks received when looking to provide cryptocurrency services to clients. In many cases they were told to pause and never given the go ahead.

    Crypto exchange Coinbase initiated the legal case in order to find evidence of the debanking of the crypto community, which the letters did not definitively demonstrate. However, the incoming acting Chairman of the FDIC has acknowledged debanking. And a Congressional committee has opened an investigation into the topic this week. This is the same committee that looked into Operation Choke Point under the Obama administration, in which disfavored industries struggled with banking relationships.

    Chair Powell also mentioned that banks are already providing crypto services to clients. We previously reported that banks enabled clients to have exposure to the tune of $200 billion in 2023, a year when the cryptocurrency markets were depressed.

    Chair Powell comments on crypto

    Below is the full quote from Chair Powell:

    So our role with crypto really is to look at the banks and we think banks are perfectly able to serve crypto customers as long as they understand and can manage the risks and it’s safe and sound, many of our — a good number of our banks that we regulate and supervise do that.

    The threshold has been a little higher for banks engaging in crypto activities, and that’s because they’re so new and we don’t want to make the mistake — if you’re making a choice to conduct that activity inside a bank which is inside the Federal safety net, with deposit insurance, then you want to be pretty sure that it’s a safe and sound activity. So, we’re not against innovation, and we certainly don’t want to take actions that would cause banks to terminate customers who are perfectly legal just because of excess risk aversion maybe related to regulation and supervision.

    Asked about households, he responded:

    That’s not really our bailiwick. You want people to be knowledgeable about the financial engagements that they have. And that’s why we have the securities laws that we have. It’s why, if you read a mutual fund prospectus or individual stock prospectus, you want households to have the chance to understand the risk that they’re taking. And I do think it would be helpful if there were a greater regulatory apparatus around crypto, and I think that’s something Congress was working on quite a lot. We’ve actually spent a lot of time with members of Congress working together with them on various things and I think that would be a very constructive thing for Congress to do.



    Federal Reserve Chairman Jerome Powell recently stated that traditional banks can offer cryptocurrency services to their customers, but with certain caveats. In a virtual event hosted by the Bank for International Settlements, Powell discussed the role of banks in the rapidly evolving digital currency landscape.

    Powell acknowledged the growing interest in cryptocurrencies among consumers and emphasized the importance of banks adapting to meet the needs of their customers. He stated that banks have the capability to provide crypto-related services, such as custody and payment processing, but must do so in a safe and responsible manner.

    Despite the potential benefits of offering cryptocurrency services, Powell highlighted the risks associated with digital assets, including volatility, fraud, and money laundering. He stressed the importance of banks implementing robust risk management practices and adhering to regulatory requirements when dealing with cryptocurrencies.

    Overall, Powell’s comments suggest that traditional banks can play a role in the growing crypto ecosystem, but must proceed with caution and ensure they are adequately prepared to manage the risks involved. It will be interesting to see how banks respond to Powell’s remarks and whether they will seize the opportunity to provide crypto services to their customers.

    Tags:

    1. Federal Reserve Chair Jerome Powell
    2. Cryptocurrency banking services
    3. Regulatory considerations
    4. Financial institutions and digital assets
    5. Cryptocurrency news update
    6. Federal Reserve policy on crypto
    7. Banking industry and blockchain technology
    8. Central bank digital currency
    9. Cryptocurrency regulations
    10. Powell’s statement on banks and crypto services

    #Feds #Powell #banks #provide #crypto #services #caveats #Ledger #Insights

  • The Fed Just Confirmed A Huge Crypto Game-Changer As Trump Sparks Bitcoin Price Crash Fears


    Bitcoin and crypto prices have stalled after soaring higher following Donald Trump’s U.S. presidential victory—with fears suddenly emerging the $4 trillion crypto bubble could be about to pop.

    Unlock over $3,000 in NFT, web3 and crypto perks — Apply now!

    The bitcoin price has surged to almost $110,000 per bitcoin, helped by Elon Musk’s leaked plans for crypto in the White House.

    Now, as one legendary bitcoin trader warns of a looming “financial crisis,” Federal Reserve chair Jerome Powell has flung the door open for Wall Street to further adopt bitcoin and crypto.

    Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run

    “Banks are perfectly able to serve crypto customers as long as they can understand and service the risks,” Powell said at a press conference this week after the Fed paused its interest rate cutting cycle.

    Wall Street banks “have to be pretty sure” their bitcoin and crypto activities are “safe and sound,” Powell added.

    Wall Street giants, led by the world’s largest asset manager BlackRock, have leaned into bitcoin and crypto over the last year with a fleet of spot bitcoin exchange-traded funds (ETFs) helping to normalize bitcoin and crypto among the financial establishment.

    Powell’s comments mark a major shift in sentiment under Trump from the previous Biden administration that was hostile toward crypto.

    Under Biden, bitcoin and crypto companies complained of an unofficial policy to “debank” them, cutting off basic financial services and making it impossible to operate—which became known as “Operation Choke Point 2.0,” a reference to a previous U.S. government policy to cut off industries believed to be at high risk of fraud and money laundering.

    Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious

    ForbesLeak Reveals Musk’s Doge Could Be About To Trigger A Bitcoin-Inspired Price Game-ChangerBy Billy Bambrough

    Trump’s adoption of bitcoin and crypto—starting with his non-fungible token (NFT) collections, growing to support for a U.S. bitcoin national stockpile and culminating with the launch of a controversial Trump-branded memecoin—has led to regulators and government agencies reversing their opposition to the technology.

    Meanwhile, Trump has followed through with his campaign promise to put steep tariffs on goods coming into the U.S. from Canada, Mexico, and China, setting the stage for a trade war that could spread around the world.

    Trump’s executive order will impose 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China, due to go into effect on Tuesday morning.

    “Gold, silver, bitcoin may crash,” Robert Kiyosaki, investor and author of advice book Rich Dad Poor Dad, posted to X, pointing to Trump’s tariffs as the catalyst. “Good. Will buy more after prices crash. Real problem is debt, which will only get worse. Crashes mean assets are on sale. Time to get richer.”



    The Federal Reserve Just Confirmed A Huge Crypto Game-Changer Amidst Trump’s Bitcoin Price Crash Fears

    In a recent announcement, the Federal Reserve has made it clear that they are closely monitoring the development of cryptocurrencies and are exploring the possibility of creating their own digital currency. This news comes as a major game-changer for the crypto industry, as the involvement of the Fed could potentially legitimize and mainstream digital currencies on a global scale.

    However, amidst this positive development, concerns over a potential Bitcoin price crash have been sparked by recent comments made by former President Donald Trump. Trump recently stated that he believes Bitcoin is a scam and that it could potentially undermine the US dollar. These remarks have caused some uncertainty in the crypto market and led to a slight dip in Bitcoin’s price.

    Despite these concerns, many experts believe that the long-term potential of cryptocurrencies remains strong, especially with the growing interest and involvement of major institutions like the Federal Reserve. As the crypto industry continues to evolve and mature, it is clear that we are witnessing a significant shift in the financial landscape, with digital currencies playing an increasingly important role in the global economy.

    Tags:

    1. Federal Reserve news
    2. Crypto game-changer update
    3. Trump impact on Bitcoin
    4. Price crash fears
    5. Federal Reserve and cryptocurrency
    6. Bitcoin price analysis
    7. Crypto market update
    8. Federal Reserve policy impact
    9. Trump administration and Bitcoin
    10. Cryptocurrency market trends

    #Fed #Confirmed #Huge #Crypto #GameChanger #Trump #Sparks #Bitcoin #Price #Crash #Fears

  • Sudden Fed ‘Financial Crisis’ Fear Sparks Huge Bitcoin And Crypto Price Crash Prediction


    Bitcoin and crypto prices have moved sharply lower, diving along with a stock market sell-off sparked by the surging popularity of China-based artificial intelligence app DeepSeek.

    Unlock over $3,000 in NFT, web3 and crypto perks — Apply now!

    The bitcoin price has dropped under $100,000 per bitcoin, down from an all-time high of almost $110,000 ahead of U.S. president Donald Trump’s inauguration (despite the chief executive of major bitcoin and crypto exchange Coinbase predicting when the bitcoin price could flip gold’s $18 trillion).

    Now, as BlackRock’s Larry Fink reveals his discussions with sovereign wealth funds about buying bitcoin, closely-watched crypto trader Arthur Hayes has warned of a looming “financial crisis” that he expects to unleash fresh Federal Reserve stimulus measures.

    Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run

    “I am calling for a $70,000 to $75,000 correction in bitcoin [and] a mini financial crisis,” Hayes, a cofounder of bitcoin and crypto derivatives pioneer BitMex who went on to set up the Maelstrom investment fund, posted to X.

    Bitcoin rocketed past $70,000 on the back of Donald Trump’s November election victory as traders bet Trump will spur the growth of bitcoin and crypto.

    Last week, Trump followed through on his campaign promises to make overhauling crypto policy one of his administration’s priorities, ordering the creation of a bitcoin and cryptocurrency working group tasked with proposing new regulations and exploring the creation of a national cryptocurrency stockpile.

    The bitcoin price is closely correlated to the U.S. stock market, with bitcoin and crypto trading in line with high-growth tech stocks that have surged due to the rush into artificial intelligence since 2022 but now look at risk as DeepSeek achieves performance similar OpenAI’s models with fewer chip requirements.

    “Risk-off is the theme as DeepSeek scares investors,” market analyst Adam Kobeissi posted to X, pointing to the crypto and bitcoin price sell-off that’s seen ethereum rival solana drop 10%.

    Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious

    ForbesStealth Fed Dollar Crisis Predicted To Spark A Bitcoin Price Boom To Rival GoldBy Billy Bambrough

    “Nasdaq 100 futures are now down -330 points since the market opened just hours ago as DeepSeek takes #1 on the App Store. This is how you know DeepSeek has become a major threat to U.S. large cap tech,” Kobeissi’s market advisory service account posted.

    This week, the Federal Reserve is widely expected to leave interest rates on hold when it meets for its first policy meeting since Trump assumed office on Wednesday, though Trump has said he wants the Fed to bring interest rates down.

    “With oil prices going down, I’ll demand that interest rates drop immediately, and likewise they should be dropping all over the world,” Trump told World Economic Forum attendees last week.

    However, Hayes said he believes the Fed will resume “money printing that will send [the bitcoin price] to $250,000 by the end of the year.”

    U.S. debt has soared over recent years, topping $34 trillion at the beginning of 2024, with Covid and lockdown stimulus measures contributing to massive government spending and helping to send inflation spiraling out of control in 2022.

    Inflation of over 10% forced the Federal Reserve to hike interest rates at a historical clip, pushing up debt interest payments and fueling fears of a “death spiral.”



    The recent fear of a sudden financial crisis from the Federal Reserve has sparked a huge prediction of a Bitcoin and cryptocurrency price crash. Investors are on edge as concerns over the stability of the global economy grow, leading to a potential sell-off of digital assets.

    Many analysts are warning of a possible collapse in the value of Bitcoin and other cryptocurrencies if the Fed takes drastic measures to combat inflation or economic uncertainty. The uncertainty surrounding the Fed’s next moves has sent shockwaves through the market, causing many to question the future of digital assets.

    While some believe that Bitcoin may serve as a safe haven in times of economic turmoil, others fear that a financial crisis could lead to a mass exodus from the cryptocurrency market. As the situation unfolds, investors are advised to tread carefully and stay informed on the latest developments in the financial world.

    It remains to be seen how the Fed’s actions will impact Bitcoin and other cryptocurrencies, but one thing is certain – the market is in for a bumpy ride in the coming weeks. Stay tuned for more updates on this developing story.

    Tags:

    1. Fed financial crisis
    2. Bitcoin price crash prediction
    3. Crypto market crash
    4. Sudden market fear
    5. Fed economic turmoil
    6. Bitcoin price prediction
    7. Crypto market volatility
    8. Financial crisis warning
    9. Fed policy impact
    10. Bitcoin market analysis

    #Sudden #Fed #Financial #Crisis #Fear #Sparks #Huge #Bitcoin #Crypto #Price #Crash #Prediction

  • XRP Outpaces Crypto Market with a 50% Surge—Is $4 the Next Milestone?


    XRP delivered a remarkable performance in January, rallying by over 50% and leaving the broader cryptocurrency market in its wake. What’s next Ripple’s coin that could?

    The XRP surge has spurred optimism among traders and analysts, with some forecasting the token could reach as high as $4 in the coming weeks. But what exactly is driving XRP’s ascent, and is $4 truly within reach?

    Ripple’s Regulatory Boost and Growing Institutional Adoption

    XRP’s breakout can largely be attributed to a series of positive developments for its parent company, Ripple Labs. One of the most significant catalysts came in December when Ripple received approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin. The move upward managed to restore investor confidence and was a key milestone for Ripple’s ambitions in the regulated financial world.

    Dark Defender

    XRP is awaiting breakout confirmation on 4-hour and 1-day charts, with a short-term target of $4. Source: Dark Defender via X

    Additionally, the rally of XRP has been further fanned by Ripple’s growing exposure to the financial sector. The company recently received money transmitter licenses in Texas and New York, thereby strengthening its capability of operation in major markets in the United States. It is the case that increased permeation of the XRP cryptocurrency in institutional payment systems is inducing demand for the token, therefore reinforcing its bullish cycle.

    According to Santiment, XRP has recently received wider recognition among major financial institutions. While its adoption as a payment solution is accelerating, for example, the partnership between Ripple and Ondo Finance to make tokenized U.S. Treasury securities possible on the XRP Ledger has opened new avenues for XRP integrations into traditional financial markets.

    A Technical Breakout on the Horizon?

    XRP’s technical chart is also pointing towards a potential breakout. According to renowned analyst Dark Defender, XRP is showing signs of preparing for an upward move. “The short-term target is at $4 with support at $3.07,” Dark Defender said while pointing out that XRP was only waiting for confirmation on the shorter time frames to trigger its next upward leg.

    XRP

    XRP is nearing breakout confirmation on short-term charts, eyeing $4 with support at $3.07. Source: Dark Defender via X

    Meanwhile, the Bollinger Bands—an extremely popular volatility indicator—signal that XRP is ready for an explosive move. As crypto investor Armando Pantoja underlined, the tightening of these bands was a sign of an imminent breakout: “The volatility squeeze is signaling that XRP could see a significant price shift in the near future.”.

    Traders are, however, warned to stay cautious as the recent XRP bounce from the low of $2.70 has created liquidity pockets that might be targeted by downward price action if market conditions change. With $3 serving as a critical support level, it remains to be seen whether XRP can hold its ground or face a retracement.

    WATCH XRP PRICE ANALYSIS

    $4 Target in Sight, But Challenges Persist

    The continued fluctuations in the cryptocurrency market had the strong rally place XRP as one of the best performing this January. XRP surged 50% and outperformed Bitcoin’s 13% rally and Ether’s slight decline. XRP even outperformed the performance of other large-cap cryptocurrencies such as Polkadot, Solana, and Binance Coin.

    R2CTrading

    Ripple’s XRP price is expected to bounce from $3 to rejoin the bullish rally targeting $4. Source: R2CTrading on TradingView

    One of the main contributors to XRP’s resilience has been Ripple’s stablecoin play. The RLUSD stablecoin, which surpassed other prominent stablecoins in trading volume, has provided a fresh avenue for liquidity and broader market adoption. As of January 30, RLUSD’s daily volume reached $62 million, surpassing PayPal’s USD stablecoin, PYUSD, by a considerable margin.

    The resignation of SEC Chairman Gary Gensler also played a pivotal role in XRP’s rise. Under new leadership, the SEC has signaled a more favorable stance towards the crypto industry, potentially benefiting Ripple in its ongoing legal battle with the commission. With speculation around a possible spot XRP ETF gaining momentum, JPMorgan analysts predict that such a fund could attract significant inflows, potentially boosting XRP’s price further.

    Bearish Signals: Profit-Taking and Market Correction

    Despite the optimism surrounding XRP’s potential, caution is warranted. Some on-chain metrics slightly point to the overvaluation of XRP and probable cases of profit-taking. Currently, the MVRV ratio for XRP is in positive territory, meaning many holders might look to cash in on recent gains. According to Santiment, the addresses holding between 10 million and 100 million XRP have recently been selling large chunks of their accumulation and might put downward pressure on its price.

    XRP

    Despite the bullish optimism, the XRP price still has room for a pullback near $2.13. Source: Jyoon012 on TradingView

    If this setup continues, XRP might experience a retreat, and according to some analysts, it could slide back to $2.13 when the bears increase their selling pressure. If the buying pressure kicks in once more and profit-takers back down, XRP could blast higher through its present resistance levels for new all-time highs.

    What’s Next for XRP in February?

    Looking ahead, XRP’s immediate future remains uncertain but promising. The token has shown resilience in navigating both bullish and bearish forces, and its technical chart indicates that the next major target could be $4—a level that many traders are eyeing in the short term. While challenges like profit-taking and whale activity could weigh on XRP’s price, its growing adoption and the shifting regulatory landscape suggest that the token may continue to outperform its peers in the coming weeks.

    Ripple (XRP)

    Ripple (XRP) price chart. Source:XRP Liquid Index (XRPLX) via Brave New Coin

    Ultimately, whether XRP reaches $4 or faces a correction will depend on a combination of market dynamics, investor sentiment, and external factors, including potential regulatory decisions and institutional adoption. As always, caution is advised, but the outlook for XRP in February remains one of cautious optimism.



    XRP Outpaces Crypto Market with a 50% Surge—Is $4 the Next Milestone?

    XRP, the cryptocurrency associated with the Ripple network, has been making waves in the crypto market recently with a significant 50% surge in its price. This surge has outpaced the overall crypto market, which has seen relatively modest gains in comparison.

    Investors and analysts are now turning their attention to the possibility of XRP reaching the $4 milestone. This would represent a significant milestone for the cryptocurrency, which has faced its fair share of challenges and controversies in the past.

    There are several factors driving the recent surge in XRP’s price. One key factor is the growing adoption of Ripple’s technology by financial institutions around the world. This adoption has helped to increase demand for XRP, driving up its price.

    Additionally, speculation around the potential for regulatory clarity in the United States has also contributed to the positive sentiment surrounding XRP. Many investors believe that clearer regulations could help to further legitimize XRP and drive its price higher.

    Of course, it’s important to remember that the crypto market is highly volatile, and prices can change rapidly. While $4 may be a possible milestone for XRP, there are no guarantees in the world of cryptocurrency.

    As always, investors should do their own research and consider their risk tolerance before making any investment decisions. With that said, the recent surge in XRP’s price is certainly an exciting development for fans of the cryptocurrency.

    Tags:

    1. XRP price surge
    2. XRP cryptocurrency
    3. XRP market update
    4. XRP price prediction
    5. XRP news
    6. XRP price analysis
    7. XRP latest update
    8. XRP price rally
    9. XRP price target
    10. XRP price milestone

    #XRP #Outpaces #Crypto #Market #SurgeIs #Milestone

  • Trump Media shares surge after announcing expansion into financial services including crypto and ETFs


    This illustration shows an image of President-elect Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, D.C., on Feb. 21, 2022.

    Stefani Reynolds | AFP | Getty Images

    Trump Media and Technology Group announced Wednesday that it is expanding into financial services, including investment vehicles.

    Shares of the Truth Social parent company, which trade under the ticker DJT, jumped more than 15% in premarket trading.

    The financial services division will be known as Truth.Fi, and it will be started with up to $250 million from the company that will be custodied with Charles Schwab, according to the press release. That money will be allocated to customized exchange traded funds and cryptocurrencies, among other investment vehicles.

    The company said it expects to launch products and services, including its own investment vehicles, later this year.

    “Truth.Fi is a natural expansion of the Truth Social movement. We began by creating a free-speech social media platform, added an ultra-fast TV streaming service, and now we’re moving into investment products and decentralized finance,” said TMTG CEO and Chairman Devin Nunes in the press release. “Developing American First investment vehicles is another step toward our goal of creating a robust ecosystem through which American patriots can protect themselves from the ever-present threat of cancellation, censorship, debanking, and privacy violations committed by Big Tech and woke corporations.”

    The announcement comes after complaints from Republicans that banks have treated some conservatives unfairly. During a remote appearance last week at the World Economic Forum in Davos, Switzerland, Trump complained to Bank of America CEO Brian Moynihan that the firm was locking out and de-banking conservatives.

    “I hope you start opening your bank to conservatives because many conservatives complain that the banks are not allowing them to do business within the bank, and that included a place called Bank of America,” Trump said.

    The president also took on Jamie Dimon, CEO at JPMorgan Chase, the largest U.S. bank by assets.

    “You and Jamie and everybody, I hope you’re going to open your banks to conservatives because what you’re doing is wrong,” Trump said.

    The remarks continued a simmering feud between Republicans and the nation’s largest banks, with a flashpoint coming last year when a group of state attorneys general filed a complaint alleging that the institutions were discriminating against customers based on religious and political affiliations. Officials at the banks have denied wrongdoing.

    Complaints about de-banking are also common among the crypto community, which was aligned with Trump during his presidential campaign.

    This is breaking news. Please refresh for updates.



    Trump Media, the media empire founded by former President Donald Trump, has announced a major expansion into the financial services industry, including offerings in cryptocurrency and exchange-traded funds (ETFs). This news has caused a surge in Trump Media’s shares, with investors eager to capitalize on the company’s new ventures.

    The move into financial services represents a significant shift for Trump Media, which has primarily focused on conservative news and entertainment content. By entering the world of finance, the company is aiming to diversify its revenue streams and tap into the growing interest in digital assets and ETFs.

    The decision to enter the crypto market comes at a time when cryptocurrencies like Bitcoin and Ethereum are reaching new highs and gaining mainstream acceptance. Trump Media’s foray into ETFs, on the other hand, will allow the company to offer a broader range of investment options to its audience.

    Investors have responded positively to the news, driving up Trump Media’s stock price by double digits in after-hours trading. The company’s CEO, who has been a vocal supporter of cryptocurrencies, expressed enthusiasm about the expansion and emphasized the potential for growth in the financial services sector.

    As Trump Media continues to expand its offerings and reach, it will be interesting to see how the company’s new ventures in financial services will impact its overall business strategy and bottom line. With the crypto market booming and interest in ETFs on the rise, Trump Media’s move into these areas could prove to be a lucrative one for both the company and its investors.

    Tags:

    1. Trump Media
    2. Shares surge
    3. Expansion
    4. Financial services
    5. Crypto
    6. ETFs
    7. Stock market
    8. Investment opportunities
    9. Market news
    10. Business growth

    #Trump #Media #shares #surge #announcing #expansion #financial #services #including #crypto #ETFs

  • President Trump creates crypto task force, wants digital stockpile






    President Trump has announced the creation of a new task force dedicated to exploring the world of cryptocurrencies. The task force, which will be led by top financial advisors and experts in the field, will work to develop a comprehensive strategy for regulating and utilizing digital assets.

    One of the key goals of the task force will be to establish a national digital stockpile of cryptocurrencies, which could be used for various purposes including national security, economic stability, and disaster recovery efforts. President Trump believes that having a reserve of digital assets could help to protect the country against potential threats and ensure that the United States remains at the forefront of the rapidly evolving digital economy.

    This move comes as the popularity of cryptocurrencies continues to grow, with more and more people turning to digital currencies as a means of conducting transactions and storing value. With the creation of this task force, President Trump is signaling his administration’s commitment to staying ahead of the curve when it comes to the ever-changing landscape of financial technology.

    Stay tuned for updates on the progress of the crypto task force and how it could impact the future of digital assets in the United States.

    Tags:

    1. President Trump
    2. Crypto task force
    3. Digital stockpile
    4. Cryptocurrency
    5. Government regulations
    6. Cybersecurity
    7. Financial technology
    8. White House initiative
    9. Blockchain technology
    10. Digital assets

    #President #Trump #creates #crypto #task #force #digital #stockpile

  • XCN crypto rises nearly 150%, what is XCN?


    XCN crypto surged by as high as 149% in the past 24 hours of trading, soaring nearly 400% in the past week. What is XCN and is it headed towards higher gains?

    According to data from CoinGecko, Onyxcoin’s token has been on an upward climb since mid-January. At the time of writing, XCN crypto has risen by 149%. It is currently trading hands at $0.029, but traders on X believe it can go as high as $0.08 or even $0.10. One analyst on X predicted the token could yield up to 10x gains for traders.

    XCN’s last all-time high stands at $0.1841. The last time XCN’s value surpassed $0.05 was two years ago in June 2022.

    So far, the token has been making good progress throughout January, riding high off the current crypto bull run. In the past week, the token has gone up by nearly 400%, even more so in the past month. XCN crypto has surged by 1,195% in the past 30 days and nearly twice that much in a year.

    XCN crypto rises nearly 150%, what is XCN? - 1
    Price chart for XCN crypto in the past 24 hours of trading, January 24, 2025 | Source: CoinGecko

    In the past 24 hours of trading XCN’s market cap has increased by 1,328% to around $1.3 billion, signaling a significant rise in trading activity. Most of the trading activity for XCN occurs on Coinbase, with the crypto exchange contributing 37.42% of the total trading volume.

    XCN has a circulating supply of more than 48 billion tokens and is available on Ethereum (ETH).

    What is XCN crypto?

    XCN or Onyxcoin is the decentralised governance and utility token of the Onyx ecosystem. Holders of the Onyxcoin can participate in transactions, staking, and governance activities as well as pay for services on Onyx and Chain.com. Users who stake XCN can gain a discount of up to 75% for Chain.com services.

    Chain is also in the process of finalizing a new artificial intelligence tool for smart contract developers called Chain.ai. The new tool will be accessible to XCN holders and OnyxDAO members.

    In a recent post on X, the Onyx Protocol dApp declared it just finished upgrading its protocol, adding features that will support increased traffic and scale with demand.

    Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



    XCN crypto rises nearly 150%, what is XCN?

    XCN, also known as Crypton, is a decentralized cryptocurrency that has recently seen a significant surge in value, rising nearly 150% in just a matter of days. This sudden increase in price has caught the attention of many investors and crypto enthusiasts, leading them to question what exactly XCN is and why it has experienced such rapid growth.

    Crypton is a privacy-focused cryptocurrency that aims to provide users with a secure and anonymous way to conduct transactions online. It utilizes advanced encryption techniques to ensure that all transactions are kept private and cannot be traced back to individual users. This focus on privacy has made XCN an attractive option for those who value anonymity when it comes to their financial transactions.

    In addition to its privacy features, XCN also boasts fast transaction speeds and low fees, making it a convenient option for those looking to quickly and cost-effectively send and receive funds. These factors, combined with the recent surge in interest in the cryptocurrency market, have likely contributed to the sharp increase in XCN’s value.

    As with any investment, it is important to conduct thorough research before deciding to invest in XCN or any other cryptocurrency. While the recent price increase may be enticing, it is crucial to consider factors such as market trends, the technology behind the coin, and potential risks before making any investment decisions.

    Tags:

    1. XCN crypto
    2. XCN price surge
    3. XCN cryptocurrency
    4. XCN market update
    5. XCN price increase
    6. XCN coin news
    7. XCN token analysis
    8. XCN investment opportunity
    9. XCN price prediction
    10. XCN crypto trend

    #XCN #crypto #rises #XCN

  • Trump’s crypto policy announcements spur industry optimism


    Cryptos already changing under Trump 2.0

    Announcements by the Trump Administration in its first official week are creating new opportunities for the crypto industry.

    Following acting Securities and Exchange Commission Chair Mark Uyeda’s launch of a crypto task force on Tuesday, President Donald Trump signed an executive order promoting the advancement of cryptocurrencies in the U.S. Now, industry experts are considering what it might mean for the future of a national crypto stockpile.

    “We would expect some type of legislation to move forward with the strategic bitcoin reserve,” Calamos head of ETFs Matt Kaufman told CNBC’s “ETF Edge” this week.

    The executive order signed by the president on Thursday called for the establishment of a working group on digital assets, whose tasks include proposing criteria for a crypto reserve.

    The working group will also draft a new regulatory framework for the operation of crypto in the U.S., according to the order. Tidal Financial Group Chief Investment Officer Mike Venuto expects policy changes to ultimately be favorable for the industry.

    “Regulation has been done through enforcement. That’s a mess,” Venuto said in the same interview. “We do need some sort of government-efficient group that can come in and regulate this and make it make sense.” 

    Bitcoin prices hit a new record on Monday amid the industry euphoria, crossing $109,350 for the first time. As of Friday afternoon, the token was trading around $105,000.

    Disclaimer



    President Trump’s recent announcements regarding his administration’s policy towards crypto have sparked optimism within the industry. In a recent tweet, Trump expressed his support for the growth and innovation of cryptocurrencies, stating that the United States must lead in this rapidly evolving sector.

    This declaration has been met with enthusiasm by many in the crypto community, who see it as a positive step towards mainstream acceptance and adoption of digital currencies. The President’s support could potentially pave the way for more favorable regulations and a clearer legal framework for the industry.

    Industry experts believe that Trump’s endorsement of crypto could lead to increased investment, job creation, and overall growth in the sector. This newfound optimism has boosted confidence among investors and stakeholders, who see a bright future ahead for the industry.

    While the details of Trump’s crypto policy are yet to be fully revealed, the positive sentiment surrounding his statements has already had a significant impact. As the industry eagerly awaits further developments, many are hopeful that this could be a turning point for crypto in the United States.

    Tags:

    1. Trump crypto policy
    2. Cryptocurrency regulation
    3. Industry optimism
    4. Trump administration
    5. Crypto market news
    6. Regulatory updates
    7. Blockchain technology
    8. Digital currency policy
    9. Trump’s impact on crypto
    10. Market sentiment

    #Trumps #crypto #policy #announcements #spur #industry #optimism

  • President Trump signs crypto executive order


    Professional Capital Management founder and CEO Anthony Pompliano on the Trump administration launching a crypto taskforce and the formation of the Stargate AI project.

    President Donald Trump signed an executive order on Thursday that seeks to clarify regulations in the crypto industry to “secure America’s position as the world’s leader in the digital asset economy,” FOX Business has learned.

    Trump’s order establishes the Presidential Working Group on Digital Asset Markets, which will develop a federal regulatory framework for digital assets, including stablecoins, and evaluate the creation of a strategic national digital assets stockpile. It will be chaired by the White House AI and crypto czar and include the treasury secretary, the chairman of the Securities and Exchange Commission (SEC), as well as other relevant department and agency heads.

    Additionally, the executive order prohibits agencies from establishing, issuing or promoting central bank digital currencies, and directs other federal agencies and departments to provide the group with recommendations about digital asset regulations that should be rescinded or modified. It also revokes the Biden administration’s digital assets executive order framework for international engagement on the industry.

    “President Trump will help make the United States the center of digital financial technology by halting aggressive enforcement actions and regulatory overreach that have stifled crypto innovation under previous administrations,” the White House announcement said.

    SEC LAUNCHES CRYPTO TASK FORCE TO CREATE REGULATORY CLARITY

    President Donald Trump campaigned on boosting the U.S. crypto industry. (Jabin Botsford /The Washington Post via Getty Images / Getty Images)

    The executive order comes after Trump touted a crypto-friendly approach to regulating the growing industry during his presidential campaign. He pledged at a crypto conference he attended last summer to make the U.S. the “crypto capital of the planet” and the “bitcoin superpower of the world” if elected.

    Former President Joe Biden’s administration, through then-SEC Chair Gary Gensler, carried out a regulatory crackdown on the digital assets industry in an effort to root out bad actors. 

    Gensler resigned from the SEC on Inauguration Day and Trump appointed SEC Commissioner Mark Uyeda, a Republican appointee, as the agency’s acting chair while his nominee to serve as the new permanent chair, Paul Atkins, awaits Senate confirmation. 

    PRESIDENT TRUMP APPOINTS MARK UYEDA ACTING SEC CHAIR

    Uyeda’s first official action was to create a new crypto task force led by GOP Commissioner Hester Peirce, often referred to as “Crypto Mom.” 

    The task force will foster a dialogue with industry players to promote a friendlier regulatory environment by focusing on drawing clear regulatory lines, providing realistic paths to registration, crafting sensible disclosure frameworks and deploying enforcement resources. 

    It will also coordinate those activities with other federal agencies, including the Commodity Futures Trading Commission, which is poised to take on a larger role in crypto regulation.

    Bitcoin prices were up slightly on Thursday in advance of the news, rising by 0.35% to $104,043. In the last month, bitcoin prices have been up over 8.6%.

    GET FOX BUSINESS ON THE GO BY CLICKING HERE

    FOX Business’ Edward Lawrence and Eleanor Terrett contributed to this report.



    On December 12, 2020, President Trump signed an executive order related to cryptocurrencies. The order aims to provide regulatory clarity and guidance for the rapidly growing digital asset industry. This move comes as the popularity and adoption of cryptocurrencies continue to rise, with Bitcoin reaching new all-time highs.

    The executive order outlines the administration’s priorities for the regulation of cryptocurrencies, focusing on consumer protection, financial stability, and national security. It also mandates the creation of a task force to monitor and assess the impact of digital assets on the economy and financial system.

    President Trump’s decision to address the regulation of cryptocurrencies signals the government’s recognition of the importance of this emerging technology. While some in the crypto community may have concerns about government involvement, others see this as a step towards mainstream acceptance and adoption.

    Overall, this executive order is a significant development in the world of cryptocurrencies and will likely have far-reaching implications for the industry. Stay tuned for more updates as the government continues to navigate the complex and evolving landscape of digital assets.

    Tags:

    President Trump, crypto, executive order, cryptocurrency, regulations, government, policy, digital assets, blockchain, financial technology, United States, White House, news, announcement, legislation.

    #President #Trump #signs #crypto #executive #order

  • Hello, how can I help you today?
Gathering thoughts.. ...
Powered by AI
Chat Icon