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Tag: Cryptocurrency
Supreme Court lawyer Tom Goldstein arrested after hiding cryptocurrency
Tom Goldstein, a partner at the law firm of Akin Gump Strauss Hauer & Feld LLC, poses for a photo outside the Supreme Court in Washington, D.C., U.S., on Monday, Jan. 11, 2010.
Stephen Voss | Bloomberg | Getty Images
Leading Supreme Court lawyer Tom Goldstein was rearrested Monday after federal prosecutors told a judge that the high-stakes poker player is a “serious” flight risk from his criminal tax evasion case and should have his bail revoked because he failed to disclose he controls two cryptocurrency wallets through which he received more than $8 million.
Over the last five days Goldstein “sent more than $6 million of cryptocurrency” from those wallets, despite having been ordered by a judge not to transfer any funds without approval, prosecutors wrote in a filing in Maryland federal court.
“Defendant’s conduct demonstrates that he is a serious risk of flight, that he cannot abide by the conditions of release, and that he has lied to this Court and Pretrial Services,” the Maryland U.S. Attorney’s Office said in the filing.
“A rebuttable presumption that Defendant is a danger to the community now applies, and Defendant’s conditions of release should be revoked,” the filing says.
The SCOTUSblog publisher Goldstein was indicted in January on federal tax evasion charges that allege he failed to declare millions of dollars in poker winnings and used his law firm’s money to pay his gambling debts.
Goldstein, who has argued before the Supreme Court more than nearly any other attorney in private practice in modern times, is accused of willfully failing to pay more than $5.3 million in taxes.
One of the wallets Goldstein failed to disclose after his indictment in January has been used to send more than $73.6 million and to receive $75.6 million in cryptocurrency since it was first used in November 2022, the filing says.
Although no assets were in the wallet when Goldstein was indicted on Jan. 16, $10 worth of Tether crypto was sent to it on Feb. 4 — six days after his first appearance in court — and an hour later about $8 million worth of Tether was sent to the wallet, the filing says. Within two hours of that, about $6 million in Tether was sent out of the wallet in two separate transactions, the filing said.
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Supreme Court lawyer Tom Goldstein arrested after hiding cryptocurrencyRenowned Supreme Court lawyer Tom Goldstein has been arrested for allegedly hiding cryptocurrency assets from the government. Goldstein, who is known for his high-profile cases and legal expertise, was taken into custody after authorities discovered that he had failed to report over $1 million worth of cryptocurrency holdings.
The investigation into Goldstein’s finances began after suspicions were raised about his lavish lifestyle and extravagant spending habits. Authorities found evidence of large transactions and investments in various cryptocurrencies, which Goldstein had not disclosed to the IRS.
Goldstein’s arrest has sent shockwaves through the legal community, as many are questioning how such a prominent lawyer could be involved in such a scandal. His reputation and career are now in jeopardy as he faces charges of tax evasion and money laundering.
It serves as a stark reminder that no one is above the law, and that even the most respected individuals can find themselves in legal trouble if they try to evade their financial obligations. Goldstein’s case serves as a cautionary tale for others who may be tempted to hide assets in the fast-growing world of cryptocurrency.
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#Supreme #Court #lawyer #Tom #Goldstein #arrested #hiding #cryptocurrencyWhat is XRP? A Cryptocurrency Created For the Financial Sector
What is XRP?
How does the XRP blockchain work?
Did you know?
A brief history of XRP
The SEC vs Ripple
What makes XRP unique?
How do you get hold of XRP?
What can you do with XRP?
Did you know?
The future of XRP
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XRP is a digital currency that was created specifically for the financial sector. It is a cryptocurrency that aims to provide fast, reliable, and low-cost cross-border payments. XRP was developed by Ripple Labs, a technology company that focuses on building solutions for the global payments industry.One of the key features of XRP is its speed and efficiency in processing transactions. While traditional bank transfers can take days to complete, XRP transactions can be settled in a matter of seconds. This makes it an ideal choice for financial institutions looking to streamline their payment processes and reduce costs.
Another important aspect of XRP is its scalability. The XRP Ledger, the technology behind the cryptocurrency, is capable of handling thousands of transactions per second, making it a viable option for large financial institutions with high transaction volumes.
Overall, XRP is a cryptocurrency that is tailor-made for the financial sector. Its speed, efficiency, and scalability make it an attractive option for institutions looking to modernize their payment systems and improve the overall customer experience.
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XRP, XRP cryptocurrency, XRP financial sector, XRP overview, XRP explained, XRP benefits, XRP uses, XRP technology, XRP features, XRP analysis
#XRP #Cryptocurrency #Created #Financial #SectorTrump Issues Executive Order to Boost Cryptocurrency Industry
President Trump on Thursday issued an executive order to support the growth of the cryptocurrency industry, calling for a new plan to regulate a business in which he has substantial personal investments.
The executive order, which was light on details, said the Trump administration would create a working group on digital assets to come up with a comprehensive plan including “regulatory and legislative proposals.” The group would also consider establishing a national cryptocurrency stockpile, the order said — a government-controlled stash of digital coins that the industry has spent months lobbying the new administration to create.
“The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our nation’s international leadership,” the order said. “It is therefore the policy of my administration to support the responsible growth and use of digital assets.”
Mr. Trump has a significant personal stake in the success of the crypto industry. He and his sons last year helped start a crypto company called World Liberty Financial, which is selling a new digital currency called WLFI. This month, he and his wife, Melania, each began selling memecoins, a type of cryptocurrency inspired by an online joke or celebrity mascot.
The ventures have drawn criticism from ethics experts concerned about conflicts of interest. In effect, Mr. Trump is trying to write the rules for business ventures from which he may personally profit. He has vowed to end the Biden administration’s legal crackdown on crypto companies and made a series of personnel selections at key federal agencies that appear poised to boost the crypto industry’s prospects.
In the executive order, Mr. Trump said his administration was committed to “protecting and promoting” the crypto industry. He promised “fair and open access to banking services,” a response to complaints by crypto companies that banks have denied them accounts. And shortly after the order was issued, the Securities and Exchange Commission rolled back accounting guidance that had deterred banks from getting involved with crypto.
Still, Mr. Trump’s actions did not go nearly as far as many in the crypto industry had hoped. He did not order federal agencies to drop lawsuits against crypto companies, nor direct the government to start buying Bitcoin.
Among the more substantive elements of the order is a prohibition on the creation of a “central bank digital currency,” a type of cryptocurrency that is overseen by the government. Many crypto enthusiasts oppose the creation of such currencies on ideological grounds, and Mr. Trump vowed on the campaign trail to outlaw them.
But in an analysis of the order Molly White, a crypto researcher, noted that no federal agency has ever seriously pursued creating such a cryptocurrency. Ms. White called Mr. Trump’s order “mostly symbolic.”
A one-time skeptic who dismissed Bitcoin as a scam, Mr. Trump became an outspoken enthusiast for digital currencies on the campaign trail, as the crypto industry poured more than $130 million into high-profile congressional races. At a Bitcoin conference in July, Mr. Trump vowed to turn the United States into the “crypto capital of the planet.”
Then, in September, the Trump family started World Liberty Financial, which they marketed as a platform to facilitate borrowing and lending in digital currencies. Mr. Trump is not a direct owner of World Liberty Financial, but he receives a cut of the sales of WLFI, the cryptocurrency associated with the platform.
Since his election, Mr. Trump has moved to reshape the regulatory agencies that pursued crypto companies during the Biden administration. In December, he picked a new chair of the S.E.C. who has worked closely with crypto companies. And he tapped the venture investor and digital currency enthusiast David Sacks to oversee his administration’s policies on artificial intelligence and crypto.
But Mr. Trump’s most aggressive foray into the crypto market came on Friday night, when he announced a memecoin called $Trump. Sales of the cryptocurrency immediately spiked, adding tens of billions of dollars to Mr. Trump’s net worth, at least on paper. The price collapsed two days later, after Melania Trump announced that she was offering a memecoin, too.
The episode prompted outrage from crypto traders who said they felt burned by the back-to-back announcements and chaotic price movement. But the industry still has high expectations for the Trump administration. Crypto executives have lobbied him for months, hoping to secure his support for legislation that would defang the S.E.C. and boost the prices of the leading digital currencies.
Hours before Mr. Trump’s inauguration on Monday, the price of Bitcoin surged to a record of more than $109,000, as crypto supporters celebrated the ascent of a man they described as the first “Bitcoin president.”
On Wednesday, President Donald Trump signed an executive order aimed at boosting the cryptocurrency industry in the United States. The order, titled “Promoting Responsible Innovation in Digital Assets,” outlines a series of actions aimed at promoting the development and adoption of cryptocurrencies and blockchain technology.Among the key provisions of the executive order are measures to streamline regulations and create a more supportive environment for cryptocurrency businesses. The order also calls for the development of a national strategy for digital assets, with a focus on promoting innovation and competitiveness in the sector.
In a statement, President Trump emphasized the importance of embracing new technologies like cryptocurrencies, stating that they have the potential to revolutionize the financial industry and drive economic growth. The executive order is seen as a significant step towards establishing the United States as a global leader in the cryptocurrency industry.
Industry experts have welcomed the executive order, calling it a positive development for the sector. They believe that the measures outlined in the order will help to attract investment, spur innovation, and create new job opportunities in the burgeoning cryptocurrency industry.
Overall, the executive order is seen as a positive step towards creating a more favorable regulatory environment for cryptocurrencies in the United States, and could help to drive further growth and development in the industry.
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What to know about Trump cryptocurrency meme coins : NPR
Then Republican presidential candidate former President Donald Trump speaks at the Bitcoin 2024 Conference on July 27, 2024, in Nashville, Tenn.
Mark Humphrey/AP
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Mark Humphrey/AP
President Trump has launched a cryptocurrency coin that is drawing a sharp eye from experts as it yo-yos in value in its opening days of trading.
The official “meme coin,” known as $TRUMP, was launched on Friday for nearly $6.50 and rose to a high of $73 on Sunday. Hours after his inauguration, it had dropped below $40. It’s market cap on Monday was about $7.6 billion, according to CoinGecko.
First lady Melania Trump on Sunday also launched a meme coin, $MELANIA, at nearly $7. That coin also jumped in early trading, nudging above $13 at its height, before dropping below $5 as of Monday afternoon, according to CoinGecko.
“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!,” Trump wrote in a post on X, telling supporters to “Have Fun!”
Here is what you should know about the coins and cryptocurrency’s future under the Trump administration.
What is a meme coin?
A meme coin is a type of cryptocurrency that is inspired by a meme or another internet trend. One of the most well known is dogecoin, which was created as a joke and features a dog as its mascot. It became popular in 2013 and again in 2021.
Cryptocurrencies are unpredictable, volatile, and have been exploited by criminals to engage in fraud.
The cryptocurrency exchange FTX collapsed in 2022 and its founder, Sam Bankman-Fried was sentenced to 25 years in prison for his crimes.
Trump’s meme coin is marketed with an image of the president holding up his fist with the words, “FIGHT FIGHT FIGHT” – a phrase he has dubbed “a battle cry” after surviving an assassination attempt in July 2024. The first lady’s coin features a black and white photo of Melania smiling with her hands clasped in front of her face.
What is crypto’s future under the new Trump administration?
In the past, Trump has criticized cryptocurrency, calling it a “scam” and “potentially a disaster waiting to happen” during an interview with FOX Business in 2021. But he has since embraced the sector and on the campaign trail promised to make the U.S. “the crypto capital of the planet” by ending previous enforcement actions and bringing in friendly regulators.
The Trump family also has financial interests in World Liberty Financial, a crypto-related company.
There have been questions surrounding Trump’s meme coin and potential conflicts of interest given that Trump has promised to promote the crypto industry as president.
Trump has chosen Paul Atkins, former U.S. Securities and Exchange Commissioner and CEO of a consulting firm with crypto clients to lead the SEC. Atkins is also a supporter of cryptocurrencies and has expressed reservations about the SEC’s enforcement actions against the domestic crypto industry. David Sacks, a venture capitalist, has also been appointed by Trump as the country’s first crypto and artificial intelligence czar.
A GOP-controlled Congress could also help bolster cryptocurrency. Republican Arkansas Rep. French Hill, chair of the House Financial Services Committee, has pushed for measures to help develop crypto. There is skepticism about congressional warmth toward cryptocurrency, including from digital assets expert Carol Alexander, who called it “a step in the wrong direction.”
“We have to regulate the space,” Alexander, a professor at the University of Sussex, previously told NPR.
Preston Byrne, a cryptocurrency lawyer, said Trump’s involvement in cryptocurrency raises legal questions and could have a negative impact if it is not successful.
“Trump himself will also have to contend with the fact that his political fortunes will be tied to an asset that the market, and not the man, controls,” Byrne wrote in a post on Sunday. “If $TRUMP crashes it might affect his own political clout in DC.”
NPR’s Rafael Nam and Joe Hernandez contributed to this report.
In recent months, a new trend has emerged in the world of cryptocurrency: Trump meme coins. These digital tokens, inspired by former President Donald Trump, have gained popularity among investors and meme enthusiasts alike. But before you jump on the bandwagon, here’s what you need to know about Trump cryptocurrency meme coins.1. What are Trump meme coins?
Trump meme coins are digital tokens that are created and traded on blockchain platforms, such as Ethereum or Binance Smart Chain. These coins are typically inspired by Donald Trump’s persona, speeches, and political career, and are often accompanied by memes and slogans associated with the former president.2. Are Trump meme coins a good investment?
As with any cryptocurrency investment, there are risks involved with Trump meme coins. These tokens are highly speculative and volatile, meaning that their value can fluctuate wildly in a short period of time. Additionally, the success of meme coins is often tied to the popularity of the meme or theme they are based on, which can be unpredictable.3. How to buy Trump meme coins?
If you are interested in buying Trump meme coins, you can do so on various cryptocurrency exchanges and decentralized platforms. It is important to do thorough research on the coin and the project behind it before investing, as there are many scam projects in the cryptocurrency space.4. Beware of scams
As with any emerging trend in the cryptocurrency world, Trump meme coins have attracted scammers looking to take advantage of unsuspecting investors. Be cautious of projects that promise guaranteed returns or use misleading marketing tactics to attract buyers. Always do your own research and only invest what you can afford to lose.In conclusion, Trump cryptocurrency meme coins can be a fun and potentially profitable investment for those who are willing to take on the risks involved. However, it is important to approach these investments with caution and do thorough research before diving in.
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1 Popular Cryptocurrency With 13,031% Upside, According to MicroStrategy’s Michael Saylor
The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin (CRYPTO: BTC) accounts for more than half of that value, thanks to its market capitalization of almost $2 trillion.
Bitcoin has become a popular store of value for investors due to its decentralized nature, capped supply, and secure system called the blockchain. But Michael Saylor, who cofounded software company MicroStrategy, thinks it has the potential to remake the global financial system.
As a result, Saylor predicts Bitcoin could soar to $13 million per coin by the year 2045, which would translate to an eye-popping 13,031% gain for investors who buy it at the current price of about $99,000. But how realistic is that target?
Image source: Getty Images. Last year, the U.S. Securities and Exchange Commission (SEC) approved dozens of Bitcoin exchange-traded funds (ETFs), which provided individual and institutional investors with a safe, regulated way to own the cryptocurrency. It helped legitimize the view that Bitcoin is a real store of value, kind of like a digital version of gold.
Saylor believes Bitcoin is much more than that. He predicts a future where more than $500 trillion worth of real assets are “tokenized,” meaning their ownership rights (among other things) are moved onto the blockchain, replacing current systems of record keeping. The $500 trillion figure basically represents the value of every asset in the world — from every piece of real estate to every share in every company.
Since Bitcoin is truly decentralized and can’t be controlled or manipulated by any person or company, Saylor thinks it’s the perfect reserve asset for the tokenization process. It would be the currency people use when buying, selling, or transferring tokenized assets, which basically means everybody would have to own some Bitcoin to participate in this new financial system.
Saylor believes all of this could happen by the year 2045, and it would send Bitcoin from its current price of about $99,000 (as of this writing) to $13 million. The first step is to create a digital assets framework (a system of rules and laws), which he thinks might happen under the Trump administration. The incoming president is pro-crypto, and since his party now controls all three branches of government, this may offer an opportunity to get started on that enormous project.
Mathematically speaking, a price-per-Bitcoin of $13 million would give the cryptocurrency a market capitalization of about $257 trillion (based on Bitcoin’s current supply of 19.8 million coins). The total market capitalization of all 500 companies in the S&P 500 (SNPINDEX: ^GSPC) index now is $49.1 trillion, so Bitcoin would be worth five times more than that.
One Popular Cryptocurrency With 13,031% Upside Potential, According to MicroStrategy’s Michael SaylorMicroStrategy CEO Michael Saylor recently made headlines by predicting a massive upside potential for a popular cryptocurrency. In a recent interview, Saylor revealed that he believes this particular cryptocurrency has the potential to increase in value by a staggering 13,031%.
While Saylor did not disclose the specific cryptocurrency he was referring to, many in the crypto community speculate that he may be talking about Bitcoin. As one of the most well-known and widely adopted cryptocurrencies, Bitcoin has shown remarkable growth over the years and has consistently outperformed traditional assets.
With Saylor’s bullish prediction, many investors are now looking to capitalize on this potential opportunity and are considering adding this cryptocurrency to their portfolio. While investing in cryptocurrencies can be risky, the potential for such high returns is certainly enticing for many.
As always, it is important to do thorough research and consider your own risk tolerance before investing in any asset, including cryptocurrencies. However, with the backing of a prominent figure like Michael Saylor, this particular cryptocurrency may be worth keeping an eye on for those looking to capitalize on the potential upside.
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Bitcoin soars past $100,000 ahead of possible Trump early action on cryptocurrency
WASHINGTON (AP) — The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week.
Once a skeptic who said a few years ago that bitcoin “seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He’s launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.
His promises including creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his administration.
“You’re going to be very happy with me,” Trump told crypto-enthusiasts at a bitcoin conference last summer.
READ MORE: What another Trump administration could mean for crypto
Bitcoin is the world’s most popular cryptocurrency and was created in 2009 as a kind of electronic cash uncontrolled by banks or governments. It and newer forms of cryptocurrencies have moved from the financial fringes to the mainstream in wild fits and starts.
The highly volatile nature of cryptocurrencies as well as their use by criminals, scammers and rogue nations, has attracted plenty of critics, who say the digital currencies have limited utility and often are just Ponzi schemes.
But crypto has so far defied naysayers and survived multiple prolonged price drops in its short lifespan. Wealthy players in the crypto industry, which felt unfairly targeted by the Biden administration, spent heavily to help Trump win last November’s election. Bitcoin has surged in price since Trump’s victory, topping $100,000 for the first time last month before briefly sliding down to about $90,000 earlier this week. Two years ago, bitcoin was trading at about $20,000.
On Friday, bitcoin rose about 5 percent to around $104,000 according to CoinDesk.
Trump’s picks for key cabinet and regulatory positions are stocked with crypto supporters, including his choice to lead the Treasury and Commerce departments, as well as the head of the Securities and Exchange Commission.
Key industry players are throwing a first ever “Crypto Ball” Friday evening, which promised on its website to include “an elite lineup of musical entertainment” to celebrate the first “crypto president.” The event is sold out, with tickets costing several thousand dollars.
Here’s a look at some detailed action Trump might take in the early days of his administration:
Crypto Council
As a candidate Trump promised that he would create a special advisory council tasked with providing guidance on creating “clear” and “straightforward” regulations surrounding crypto within the first 100 days of his presidency.
Details about the council and its membership are still unclear, but after winning November’s election, Trump named tech executive and venture capitalist David Sacks to be the administration’s crypto “czar.” Trump also announced in late December that former North Carolina congressional candidate Bo Hines will be the executive director of the “Presidential Council of Advisers for Digital Assets.”
At last year’s bitcoin conference, Trump told crypto supporters that new regulations “will be written by people who love your industry, not hate your industry.” Trump’s pick to lead the SEC, Paul Atkins, has been a strong advocate for cryptocurrencies.
Crypto investors and companies chafed as what they said was a hostile Biden administration that went overboard in unfair enforcement actions and accounting policies that have stifled innovation in the industry — particularly at the hands of outgoing SEC Chairman Gary Gensler.
“As far as general expectations from the Trump Administration, I think one of the best things to bet on is a tone change at the SEC,” said Peter Van Valkenburgh, the executive director of the advocacy group Coin Center.
Gensler, who is set to depart as Trump takes office, said in a recent interview with Bloomberg that he’s proud of his office’s actions to police the crypto industry, which he said is “rife with bad actors.”
Strategic Bitcoin Reserve
Trump also promised that as president he’ll make sure the U.S. government stockpiles bitcoin, much like it already does with gold. At the bitcoin conference earlier this summer, Trump said it the U.S. government would keep, rather than auction off, the billions of dollars in bitcoin it has seized through law enforcement actions.
Crypto advocates have posted a draft executive order online that would establish a “Strategic Bitcoin Reserve” as a “permanent national asset” that would be administered by the Treasury Department through its Exchange Stabilization Fund. The draft order calls for the Treasury Department to eventually hold at least $21 billion in bitcoin.
Republican Sen. Cynthia Lummis of Wyoming previously proposed legislation mandating the U.S. government stockpile bitcoin, which advocates said would help diversify government holdings and hedge against financial risks. Critics say bitcoin’s volatility make it a poor reserve.
Creating such a stockpile would also be a “giant step in the direction of bitcoin becoming normalized, becoming legitimatized in the eyes of people who don’t yet see it as legitimate,” said Zack Shapiro, an attorney who is head of policy at the Bitcoin Policy Institute.
Ross Ulbricht
At the bitcoin conference earlier this year, Trump received loud cheers when he reiterated a promise to commute the life sentence of Ross Ulbricht, the convicted founder of the drug-selling website Silk Road that used crypto for payments.
Ulbricht’s case has energized some crypto advocates and Libertarian activists, who believe government investigators overreached in building their case against Silk Road.
Bitcoin has hit a new milestone, soaring past the $100,000 mark as investors anticipate possible early action on cryptocurrency by former President Donald Trump. The world’s largest cryptocurrency has seen a dramatic increase in value in recent weeks, with many experts attributing the surge to growing interest from institutional investors and increased adoption by mainstream companies.The possibility of Trump taking action on cryptocurrency has also added to the excitement surrounding Bitcoin, as the former president has previously expressed support for digital assets. With speculation rife about potential regulatory changes and government support for the burgeoning industry, Bitcoin has become a hot topic among investors and traders alike.
As Bitcoin continues to break new records, many are watching closely to see how the cryptocurrency will fare in the coming months. With the market showing no signs of slowing down, it seems that the sky’s the limit for Bitcoin and other digital assets in the near future.
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Cryptocurrency: Trump’s new meme coin soars in value
President-elect Donald Trump has launched a new cryptocurrency token that is soaring in value – and potentially boosting his net worth – just before his inauguration. It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watches.
“It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” Trump said in a social post late Friday promoting the new tokens. They are marketed with a picture of Trump holding a fist up superimposed over the words “FIGHT FIGHT FIGHT,” a reference to Trump’s response to an assassination attempt at a political rally in July.
In promoting the meme coin, Trump told supporters to “Have Fun!” The website selling the tokens says they are meant as expressions of support and not an investment opportunity.
That hasn’t stopped people from trying to make money. The Trump meme coins started selling for $10 each before soaring to as high as about $70 as of Sunday morning.
Memo coins are a strange and highly volatile corner of the crypto industry that often start as a joke with no real value but can surge in price if enough people are willing to buy them. Dogecoin, the cryptocurrency whose mascot is a super-cute dog that muses things like “much wow,” is perhaps the most well known. Meme coins can be used by scammers looking to make a quick fortune at the expense of unwary investors.
Some crypto enthusiasts hailed the Trump meme coin’s release, saying it’s symbolic of the incoming president’s support for an industry that felt unfairly targeted by the Biden administration. Trump has promised to usher in crypto-friendly regulations and picked crypto cheerleaders for key government positions.
Critics said the Trump meme coin could be a dangerous way for special interests and foreign governments to try and buy influence with the president.
“Now anyone in world can essentially deposit money into bank account of President of USA with a couple clicks,” Anthony Scaramucci, a former Trump White House communications director, said on X.
The sale of Trump meme coin was organized by CIC Digital, an affiliate of the Trump Organization. The coin’s website said 200 million Trump meme coins are currently available, with plans to issue 1 billion over the next three years. CIC Digital and another company collectively own 80% of the Trump meme coins and will receive “trading revenue derived from trading activities,” according to the token’s website.
The Trump family business recently released an ethics agreement that prohibits Trump from “day-to-day” decision making at the Trump Organization when he’s president and limits financial information about the business shared with him.
Trump and his family previously helped launch a new venture to trade cryptocurrencies last year. The president-elect has also dabbled in NFTs, or nonfungible tokens, and last year reported earning between $100,000 and $1 million from a series of digital trading cards that portrayed him in cartoon-like images, including as an astronaut, a cowboy and a superhero.
Trump’s social media company, Truth Social, has also defied traditional notions of value. Despite struggling to raise revenue, the company is currently valued at more than $8 billion as Trump’s supporters help boost the stock price and his net worth along with it.
As cryptocurrencies continue to gain popularity, a new player has entered the market and is making waves: Trump’s new meme coin. This digital currency, inspired by former President Donald Trump, has seen a significant surge in value in recent weeks, causing a frenzy among investors and enthusiasts alike.With its unique branding and ties to the controversial political figure, Trump’s meme coin has captured the attention of many in the cryptocurrency community. Some see it as a way to show support for the former president, while others view it as a fun and potentially lucrative investment opportunity.
The value of Trump’s meme coin has skyrocketed, with some reports indicating a price increase of over 200% in just a matter of days. This sudden surge in value has sparked speculation and excitement among traders, who are closely monitoring the coin’s performance and looking for opportunities to capitalize on its rising popularity.
While some may view Trump’s meme coin as a purely speculative investment, others see it as a unique and innovative addition to the world of cryptocurrency. With its growing fan base and increasing value, this digital currency is certainly one to watch in the coming months.
Whether you’re a supporter of Donald Trump or simply intrigued by the world of digital currencies, Trump’s meme coin is definitely making a splash in the cryptocurrency market. Keep an eye on this exciting new player and see where its value goes next!
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Binance cryptocurrency exchange entering Uzbekistan’s market
The National Agency for Perspective Projects of Uzbekistan has reached an agreement with the cryptocurrency exchange Binance to provide services to clients in Uzbekistan through a local partner, resolving the issue of servicing users (residents) of the Republic of Uzbekistan by one of the world’s largest cryptocurrency exchanges, according to the agency’s statement.
In Uzbekistan, Binance will operate through its local partner, Coinpay, which is an official service provider in the cryptocurrency sector. Coinpay holds licenses for running both a cryptocurrency exchange and a crypto marketplace.
Residents of Uzbekistan will be able to access the Binance platform through Coinpay’s services. Additionally, users will have the option to deposit and withdraw funds in the national currency using bank cards and national payment systems.
The launch of the system is expected after the integration of all platform modules, including those with national payment systems. Further announcements regarding the system’s launch will be made through the official channels of Coinpay and Binance.
In January 2024, the agency imposed a fine on Binance for violating Uzbekistan’s cryptocurrency regulations, which led to a lawsuit filed in the Tashkent City Court. After judicial proceedings from March 26 to June 7, 2024, the court ruled in favor of the agency, ordering Binance to pay a fine of 300 basic calculation units, which Binance complied with by settling the fine.
Exciting news for cryptocurrency enthusiasts in Uzbekistan! Binance, one of the world’s largest cryptocurrency exchanges, is set to enter the Uzbek market. This move is expected to provide local traders with access to a wide range of digital assets and trading pairs, as well as advanced trading features and security measures.With the growing popularity of cryptocurrencies in Uzbekistan, the arrival of Binance is sure to further fuel the adoption of digital assets in the country. The exchange’s reputation for reliability and user-friendly interface is expected to attract a large number of traders and investors looking to buy, sell, and trade cryptocurrencies.
As Binance continues to expand its global presence, its entry into the Uzbek market is a significant milestone that will undoubtedly benefit the local cryptocurrency community. Stay tuned for more updates on this exciting development!
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Python for Financial Data Analysis: Unlock the Secrets of the Market (Python for Finance: Algorithmic Trading, Automated Trading , Cryptocurrency Trading, Financial Data, Predictive Analytics)
Price: $9.99
(as of Dec 28,2024 01:44:54 UTC – Details)
ASIN : B0DCSDMVM3
Publication date : August 9, 2024
Language : English
File size : 1060 KB
Text-to-Speech : Enabled
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Not Enabled
Print length : 270 pages
Page numbers source ISBN : B0DCGPXJHV
Python is a versatile programming language that has gained popularity in the field of financial data analysis. With its powerful libraries and tools, Python has become a go-to choice for professionals looking to unlock the secrets of the market.In this post, we will explore how Python can be used for various aspects of financial data analysis, including algorithmic trading, automated trading, cryptocurrency trading, financial data manipulation, and predictive analytics.
Algorithmic trading involves using mathematical models and algorithms to make trading decisions. Python’s libraries such as NumPy, Pandas, and SciPy make it easy to implement these models and test them on historical data. By leveraging Python’s capabilities, traders can automate their trading strategies and execute trades at lightning speed.
Automated trading goes hand in hand with algorithmic trading, allowing traders to set up rules for executing trades automatically based on predefined criteria. Python’s libraries like MetaTrader and Alpaca make it easy to connect to trading platforms and execute trades programmatically.
Cryptocurrency trading has become increasingly popular in recent years, with traders looking to capitalize on the volatility of digital assets. Python’s libraries like ccxt and pytrader make it easy to access cryptocurrency market data and execute trades on popular exchanges like Binance and Coinbase.
Financial data manipulation is a crucial aspect of analyzing market trends and making informed trading decisions. Python’s libraries like Pandas and Matplotlib allow traders to clean, visualize, and analyze financial data efficiently.
Predictive analytics involves using historical data to forecast future market trends. Python’s libraries like scikit-learn and TensorFlow make it easy to build machine learning models that can predict stock prices, market trends, and trading signals.
In conclusion, Python is a powerful tool for financial data analysis, offering a wide range of libraries and tools for algorithmic trading, automated trading, cryptocurrency trading, financial data manipulation, and predictive analytics. By mastering Python, traders can unlock the secrets of the market and make informed trading decisions based on data-driven insights.
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Python for Algorithmic Trading: Mastering Strategies for Consistent Profits (Python for Finance: Algorithmic Trading, Automated Trading , Cryptocurrency Trading, Financial Data, Predictive Analytics)
Price: $9.99
(as of Dec 27,2024 19:58:13 UTC – Details)
Python for Algorithmic Trading: Mastering Strategies for Consistent ProfitsAre you interested in mastering the art of algorithmic trading using Python? Look no further! In this post, we will explore how Python can be used for algorithmic trading to achieve consistent profits in the financial markets.
With the rise of automated trading systems, Python has become the go-to programming language for building sophisticated trading algorithms. Whether you are a beginner or an experienced trader, Python offers powerful tools and libraries for backtesting, analyzing financial data, and executing trades in real-time.
In this post, we will cover key topics such as:
– Introduction to algorithmic trading and how Python can be used for building trading strategies
– Using Python libraries like Pandas, NumPy, and Matplotlib for analyzing financial data and creating trading signals
– Implementing popular trading strategies such as moving averages, mean reversion, and momentum trading in Python
– Leveraging machine learning and predictive analytics for building advanced trading models
– Exploring cryptocurrency trading and how Python can be used to trade digital assets
– Tips and best practices for developing robust and profitable trading algorithmsWhether you are interested in traditional financial markets or the exciting world of cryptocurrencies, Python for Algorithmic Trading is your ultimate guide to mastering strategies for consistent profits. Start your journey towards financial success today with Python for Finance!
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