The Solana logo on a phone screen and representation of cryptocurrencies are seen in this photo taken in Krakow, Poland on August 21, 2021. Jakub Porzycki | NurPhoto | Getty Images at Solana GROUND the token exploded after the launch of a memecoin linked to President-elect Donald Trump on the popular blockchain network. The price…
Donald Trump has once again captured the world’s attention, this time with the launch of his meme coin $TRUMP. Announced just days before his second term as President of the United States, $TRUMP’s market capitalization reached a staggering $8 billion in less than three hours. Business Value Change %Change Trading volumes approached $1 billion and…
The cryptocurrency market saw a massive reaction on January 17 when Donald Trump, the recently elected President of the United States, unveiled his official meme coin, “TRUMP”. Within the first hour of the news, one trader received a $20 million windfall in less than an hour. Donald Trump launched the new coin on his social…
Bitcoin joined the crypto rally after reports surfaced that President-elect Donald Trump may soon issue an executive order. This potential move could make cryptocurrency a national priority and provide greater legitimacy to the growing sector. Bitcoin’s Rise Amid Speculation Bitcoin surged 4% Friday, reaching a price of US$104,672.37. The increase was part of a broader…
As President-elect Donald Trump prepares to take office on Monday, the cryptocurrency sector is feeling particularly optimistic. Trump embraced the crypto industry during his presidential campaign, and many wealthy investors with ties to the industry supported him. What you need to know Cryptocurrencies are digital coins bought or sold online, but not controlled by a…
By Aislinn Keely (January 17, 2025, 4:41 PM EST) – Crypto venture capital firm Digital Currency Group and the former CEO of its bankrupt lending subsidiary Genesis Global Capital LLC agreed Friday to a combined civil penalty of $38.5 million to settle claims. they misled investors about the financial situation of Genesis before its collapse……
The SEC today filed cease and desist proceedings against Digital Currency Group (DCG) and fined the company $38 million. The agency further fined former Genesis CEO Soichiro “Michael” Moro $500,000. This is potentially the SEC’s final enforcement action before Gary Gensler resigns next week. The SEC finally settles with DCG Digital Currency Group (DCG) has…
Donald Trump, the president-elect of the United States, is set to undertake a major initiative to reform the country’s stance on cryptocurrency. Reports suggest he is considering signing a decree after taking office on January 20. The goal is to prioritize digital assets nationally. A shift towards innovation This is a stark change from the…
South Korea’s largest crypto exchange Upbit has reportedly received a suspension notice from the Financial Services Commission (FSC) for allegedly violating anti-money laundering (AML) and know-your-customer requirements (KYC). Upbit faces suspension of up to 6 months Thursday, the economic newspaper Maeil reported that South Korea’s Financial Intelligence Unit (FIU) has notified crypto exchange Upbit of…
At Thursday’s Senate confirmation hearing, President-elect Donald Trump’s Treasury secretary nominee Scott Bessent rejected the need for a U.S. central bank digital currency (CBDC), allaying concerns from some crypto observers. “I see no reason for the United States to have a central bank digital currency,” Bessent said. Senate Finance Committee. “In my mind, a central…