Prelude to Currency War? Trump Threatens 100% Tariffs to BRICS Countries Abandoning the ‘Mighty’ Dollar

December 1, 2024 Bitcoin.com

bitcoin.com

President-Elect Trump has threatened countries of the BRICS bloc leaving the dollar standard with 100% tariffs, applying the same playbook implemented against China, Mexico, and Canada. Trump remarked the U.S. would not stand and watch the bloc replace the dollar. Trump to Close U.S. Markets for BRICS Countries, Announces 100% Tariffs for Abandoning the Dollar […]

Little-known Canadian crypto firm Matador adds Bitcoin to its books

How Trump’s victory has divided the crypto community

November 29, 2024 Coin Telegraph

Coin Telegraph

While many crypto community members celebrated Donald Trump’s reelection, some may have felt differently.

Many in the crypto industry see President-elect Donald Trump’s victory in the 2024 United States elections as a watershed moment, largely thanks to the myriad promises Trump made on the campaign trail.

Still, some members of the US crypto community took other factors into account.

Margaret Rosenfeld, chief legal officer at fintech platform Tilt, told Cointelegraph that not all crypto enthusiasts were single-issue voters. Rosenfeld said that some individuals found it difficult to reconcile their support for crypto with Trump’s other controversial positions.

Little-known Canadian crypto firm Matador adds Bitcoin to its books

Trade War: As Trump Threatens China With 10% Tariffs, Asian Giant Prepares Countermeasures

November 26, 2024 Bitcoin.com

bitcoin.com

The recent announcement of the enactment of additional tariffs for China has raised alerts about the possible measures the Asian giant can take against Trump’s actions. China has been preparing for this outcome, designing similar actions to hurt the U.S.’s products entering China. Trump’s Tariff Announcement Puts China in the Brink of Trade War The […]

Little-known Canadian crypto firm Matador adds Bitcoin to its books

Trump Media Company Files Trademark Application for Crypto Payment Firm Named ‘TruthFi’

November 26, 2024 The Daily Hodl

Blockchain

A social media firm owned by President-elect Donald Trump appears to be interested in wading into the crypto payments business. Last week, Trump Media & Technology Group Corp., which operates the Twitter-inspired platform Truth Social, filed a trademark application with the U.S. Patent and Trademark Office (USPTO) for the name “TRUTHFI.” The application, which was […]

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Little-known Canadian crypto firm Matador adds Bitcoin to its books

Justin Sun has just become Trump crypto project’s biggest investor

November 26, 2024 Coin Telegraph

Coin Telegraph

Justin Sun purchased $30 million worth of tokens from Donald Trump’s World Liberty Financial, making him the largest investor to date.

The founder of the Tron blockchain, Justin Sun, has become the largest investor in Donald Trump’s crypto project, World Liberty Financial, after buying $30 million worth of its tokens.

“We are thrilled to invest $30 million in World Liberty Financial as its largest investor,” Sun wrote in a Nov. 25 X post. “TRON is committed to making America great again and leading innovation.”

Before Sun’s post, a wallet that Etherscan tagged as owned by the Sun-controlled crypto exchange HTX, formerly Huobi, was seen purchasing 2 billion World Liberty Financial (WLFI) tokens worth $0.015 apiece.

Little-known Canadian crypto firm Matador adds Bitcoin to its books

SEC nets record $8.2B from enforcement, mostly from Terraform Labs

November 25, 2024 Coin Telegraph

SEC nets record .2B from enforcement, mostly from Terraform Labs

Coin Telegraph

Terraform Labs’ near $4.5 billion settlement with the SEC has contributed to a record year for the agency’s financial penalties.

The United States Securities and Exchange Commission hit a new record for penalties and fines from its enforcement actions in the fiscal year 2024 — due mainly to a massive settlement with crypto firm Terraform Labs.

The agency net $8.2 billion in financial remedies for the year ending Sept. 30 — “the highest amount in SEC history,” it said in its Nov. 22 annual report — despite the number of cases declining 26% from last year to 583.

Over half of the total came from the SEC’s court win against Terraform and former CEO Do Kwon, who paid a $4.47 billion settlement after being found liable for fraud over its blockchain ecosystem’s collapse in 2022 that wiped billions of dollars.

Little-known Canadian crypto firm Matador adds Bitcoin to its books

Tether mints an additional $3 billion in USDt stablecoins

November 24, 2024 Coin Telegraph

Tether mints an additional billion in USDt stablecoins

Bitcoin

According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.

Stablecoin issuer Tether minted an additional $3 billion in USDt (USDT) tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets — particularly Bitcoin (BTC) as it approaches the $100,000 price level.

Data from Arkham Intelligence revealed that $2 billion in USDt was minted on the Ethereum blockchain, and an additional $1 billion USDt was minted on the Tron network in back-to-back transactions.

According to Lookonchain, Tether has minted approximately $13 billion USDt since November 8, 2024. On November 24, Tether CEO Paolo Ardoino said, "In 2025, Tether will need to reach hyper-productivity to accomplish our grand vision."

Little-known Canadian crypto firm Matador adds Bitcoin to its books

Trump Electoral Win a ‘Massive Game Changer’ for Crypto, Says Bitwise CIO Matt Hougan – Here’s What He Means

November 22, 2024 The Daily Hodl

Bitwise

The chief investment officer of crypto asset management firm Bitwise says that Trump’s landslide electoral win against Kamala Harris is a game changer for the crypto industry. In a new interview on the Leading Indicator YouTube channel, Bitwise CIO Matt Hougan says that Trump defeating the Democrats will vastly improve the crypto industry as the […]

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Little-known Canadian crypto firm Matador adds Bitcoin to its books

Industry execs seek positions on Trump’s crypto advisory council

November 22, 2024 Coin Telegraph

Bitcoin

President-elect Trump promised the establishment of a strategic Bitcoin ‘stockpile’ during the Bitcoin 2024 event in Nashville Tennessee.

Industry executives are reportedly seeking a seat at President-elect Donald Trump’s highly-anticipated crypto advisory council, which will be responsible for crafting regulatory policy and expected to establish a Bitcoin (BTC) strategic reserve.

According to a Reuters report, Coinbase, Ripple Labs, and venture capital firm a16z are among some of the firms looking to join the council. The council may be nestled under the White House’s National Economic Council, but this is not certain, and the council may operate as a separate, standalone entity.

Speaking at the North American Blockchain Summit on Nov. 21, Bitcoin advocate and co-founder of the Satoshi Action Fund Dennis Porter explained the importance of establishing a Bitcoin strategic reserve in the United States:

Little-known Canadian crypto firm Matador adds Bitcoin to its books

Donald Trump’s Media Company in Advanced Talks To Buy Crypto Trading Exchange Bakkt: Report

November 20, 2024 The Daily Hodl

Bakkt

A social media company that’s majority-owned by US President-elect Donald Trump is reportedly in talks to acquire Bakkt, a crypto trading and custody firm backed by Intercontinental Exchange Inc. The Financial Times, citing “two people with knowledge of the talks,” reports that the Trump Media and Technology Group, which operates Truth Social, a microblogging platform, […]

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