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In preparation for her summer trip, seventh-grader Dharani Purushottam tackled today’s rudimentary currency exchange process. Her father’s comment sparked her curiosity about blockchain. Delving deeper into this subject, Dharani writes about the role of blockchain in changing the way transactions are done today. Visiting new places, meeting new people and enjoying local cuisine are some of my favorite things to do on vacation. In preparation for my summer vacation trip, I accompanied my father to the bank to collect foreign currency. I was intrigued by how currency exchange works and how we don’t usually carry dollar bills. During the process…
Short sellers appear to be closing in on Trump Media & Technology Group (DJT) stock. Truth Social’s parent company, whose largest shareholder is Donald Trump, has been in a precarious position of late as the 2024 US presidential election approaches. With President Trump’s political future in jeopardy, there is growing short interest in stocks bearing his initials. What does this mean for the future of DJT stock? Let’s take a closer look at this trend and discuss what investors should expect from the company as the election approaches. What’s happening with DJT stock? DJT stock rebounded today, but was unable…
Kamala Harris’ transition team is discussing who to recommend to replace Gary Gensler in the White House, according to Bloomberg sources familiar with the matter. Georgetown Law Professor Chris Bloomer and PCAOB Chair Erica Williams are being considered. Both candidates are more crypto-friendly than Gensler. However, Vice President Harris has not yet said whether she intends to replace Gensler, and it is unclear how seriously Bloomer, Williams, or other potential candidates are being considered. Her staff is primarily focused on stirring up voter enthusiasm while juggling a long list of pressing policy issues and a tight schedule. Kamala Harris Team…
Riding the Dogecoin Wave: Indicators of What’s NextDogecoin (CRYPTO: DOGE) has rebounded impressively this week, but the next question for traders is whether it can sustain its meteoric rise as the “king of memecoins” gains momentum.What Happened: The dog-themed cryptocurrency has risen more than 9% in the past 24 hours, largely boosted by its “biggest” supporter Elon Musk. Elon Musk has pitched the idea of a so-called Department of Government Efficiency, commonly known as DOGE. ” during former President Donald Trump’s campaign.The recent rally brings Dogecoin’s weekly gain to over 24% and monthly gain to 32%.Don’t miss:Brantz, a widely followed…
Technical Analysis: BTC/USD October 2024 Outlook From a technical perspective, Bitcoin is testing the upper bound of the Bollinger Bands, which typically indicates sustained bullish momentum. Currently trading above the midpoint of the band, BTC is showing resilience to sustain gains, with the Balance of Power (BoP) suggesting neutral to weak buying pressure. However, a break above a key level could signal further upside. Bitcoin faces immediate resistance at $69,500, and a break above this level could open the door for a weekend rally toward $70,000 or more. Traders are eyeing the psychological threshold of $70,000, which could lead to…
Four mysterious accounts reportedly bet $30 million on Trump in November’s presidential election.Bettors on Polymarket, a cryptocurrency-based prediction market, have increased their bets that the Republican candidate will win the election in recent weeks.Harris has a 2.5 point lead over Trump, according to an average of FiveThirtyEight national polls, but betting odds on Friday’s Polymarket are 39% for Harris, compared to 39% for Trump. It was 60%.Polymarket, a cryptocurrency-based prediction market, shows a pro-Trump betting spree since October 7th (Polymarket)Opponents were evenly matched in online markets until October 7, when the former president began making significant profits.The outpouring of support…
A marquee at the front entrance of the BlackRock headquarters building in Manhattan.Eric McGregor | Light Rocket | Getty ImagesSALT LAKE CITY — A year ago, Samara Cohen believed there was so much pent-up demand for Bitcoin that she and her team at BlackRock launched one of the first U.S. spot Bitcoin exchange-traded products. has been launched. Investors are flocking to it now, and many of them are crypto enthusiasts making their first foray into Wall Street.Cohen, who oversees the asset manager’s exchange-traded funds and index investments as chief investment officer, told CNBC that BlackRock now recognizes that demand is…
The stablecoin market is growing, increasing liquidity and stabilizing the cryptocurrency space. This growth can be seen in the two largest stablecoins, Tether USD (USDT) and USD Coin (USDC), which currently account for the majority of trading volume in the cryptocurrency market. According to a tweet from IntoTheBlock, a decentralized financial analysis platform, it has been revealed that USDT and USDC currently account for approximately 50% of the total trading volume of major cryptocurrencies. Analysts at IntoTheBlock said this growth highlights the important role of stablecoins in the cryptocurrency ecosystem. Stablecoins are growing Since the beginning of this year, stablecoins…
Digital currency investment product Grayscale Trust (LTC) has issued new shares to accredited investors, raising a total of approximately $2.9 million. The trust, managed by Grayscale Investments, LLC, disclosed a private placement of 499,200 shares in a recent SEC filing. On Monday, the trust issued shares at various prices determined by the net asset value (NAV) per share. This transaction involved selected “accredited investors” as defined in Rule 501 of Regulation D under the Securities Act of 1933. These transactions are exempt from the registration requirements of the Securities Act under Rule 506(c). Total Litecoin (LTC) represented by newly issued…
Netflix (NFLX) stock ended trading up 11% on Friday, after the streaming giant beat third-quarter EPS and revenue estimates, and this quarter’s revenue beat Wall Street expectations. This pushed the stock price to a new record of over $760.Third-quarter revenue reached $9.83 billion, beating the Bloomberg consensus estimate of $9.78 billion, Netflix reported after the market closed on Thursday, up 15% from a year ago. . This growth comes as streamers continue to rely on revenue measures like crackdowns on password sharing and ad-supported tiers, in addition to price hikes for certain subscription plans over the past year.Netflix’s fourth-quarter revenue…