Trump expands crypto footprint, gives memecoin utility for merch purchases

After an incredibly disappointing year in 2018, Bitcoin woke from hibernation in early April 2019 and rallied with vengeance toward a yearly all-time high at $13,800. Alas, all good things must come to an end and such was the case for Bitcoin as price became overextended and began to retrace. Bitcoin’s current malaise in the $7,800…

Earlier this week, the word “cryptocurrency” made it to the text of one of the United States government’s most consequential strategic documents: the Trump administration’s budget proposal for the 2021 fiscal year. However, the budget does little to enhance blockchain-powered innovation, as it included no additional taxpayer dollars in funding.The premise for mentioning digital currencies was,…

Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan.The public nature of this announcement did bring questions to the fore regarding the…

Cameron Winklevoss, the billionaire founder of cryptocurrency exchange Gemini, believes the next Bitcoin (BTC) bull run will be much different. When compared to previous bull markets, Winklevoss noted that there is substantially more capital, infrastructure, and better projects.Winklevoss said:“The next Bitcoin bull run will be dramatically different. Today, there’s exponentially more capital, human capital, infrastructure,…

On Dec. 15, news broke that cryptocurrency payments firm and wallet provider FoPay had acquired Estonia-based digital currency trading platform AliExchange for 1 million of its native Foin (FOIN) tokens. If one were to go by Foin’s apparent value at the time, that would make the deal worth roughly $2.1 billion. Indeed, FoPay claimed as…

After having been hailed as a champion of sorts by many within the global digital asset market, Tesla CEO Elon Musk dropped a bombshell on the crypto community earlier in May, backtracking the company’s decision to start accepting Bitcoin (BTC) as a means of payment for various automotive sales. The reason cited was that Bitcoin…

Major investment bank Morgan Stanley is buying online trading firm E*Trade Financial Group, which would extend the bank’s offerings to everyday investors.The $13 billion deal marks Morgan Stanley’s largest takeover since the crisis of 2008, also bringing along E*Trade’s five million clients, $360 billion in assets and an online bank, the Wall Street Journal reported…