Happy Tuesday! This is your Tech Drop, my weekly compilation of the top stories from the past week at the intersection of technology and politics. Trump meme pieces cause rift in MAGA world Cryptocurrency enthusiasts aren’t happy with Donald and Melania Trump’s new “meme coins” — essentially glorified trading cards. Digital tokens seem like an…
President Trump on Tuesday pardoned Ross Ulbricht, the creator of the Silk Road drug market and a cult hero in the cryptocurrency and libertarian world. In doing so, Mr. Trump fulfilled a promise he made repeatedly on the campaign trail by soliciting political contributions from the crypto industry, which spent more than $100 million to…
NEW YORK, NEW YORK – SEPTEMBER 18: Republican presidential candidate, former US President Donald … (+) Trump visits a cryptocurrency-themed bar called Pubkey in the West Village on September 18, 2024 in New York. Trump embraced cryptocurrency thanks to broad support from the young and wealthy community. The former president will attend an evening rally…
Donald Trump was accused of corruption as he returned to the White House days after launching a multi-billion dollar cryptocurrency coin. Former government ethics officials and presidential experts said the venture amounted to a “shameful” conflict of interest. The president and his wife, Melania, each announced their own plays before his inauguration. Both were valued…
January 21, 2025 Brian Moynihan, CEO of Bank of America, said banks are ready to allow cryptocurrency payments as soon as regulators allow it. Moynihan made the statement in light of President Donald Trump’s pro-crypto stance, according to a CNBC report. “If the rules come into effect and make this a real thing that you…
WASHINGTON, DC – JANUARY 20: President Donald Trump signs executive orders in the Oval Office … (+) White House on January 20, 2025 in Washington, DC. Trump takes office for his second term as the 47th president of the United States. (Photo by Anna Moneymaker/Getty Images) Getty Images A strategic reserve is a stock of…
Key takeaways Bitcoin hit a record high above $109,000 ahead of Donald Trump’s inauguration on Monday, but pared its gains as the new US president made no mention of the cryptocurrency during his inaugural speech or other appearances after taking office. Over the weekend, two bearish candlestick patterns formed on the cryptocurrency’s chart, warning of…
Circle CEO Jeremy Allaire said he anticipated that President Donald Trump will quickly enact new cryptocurrency rules. Allaire said he “imminently” expects decrees from the new president, allowing banks to trade cryptocurrencies, offer cryptocurrency investments to wealthy clients and hold them in wallets, Reuters reported Monday (January 20). Trump has pledged to be a “crypto…
As of Monday afternoon, $TRUMP coin was worth around $53 per individual share. The weekend before his presidential inauguration, Donald Trump launched a new cryptocurrency, sparking deep concerns from critics that it could be influenced by wealthy individuals or foreign powers contributing to it. $TRUMP coin introduced on Friday during a “Crypto Ball” that Trump…
Bitcoin hit a new all-time high ahead of Donald Trump’s inauguration for his second term as president of the United States, surpassing $109,000 before settling around $108,214, up 6.5%. . The rise of the popular cryptocurrency reflects investor optimism that the new Trump administration will take a more favorable stance toward digital assets. The so-called…