The Trump family's fortune took a hit due to the recent crypto market downturn. Their investments in digital currencies have not been as profitable as they hoped. The value of a memecoin linked to Trump's brand has dropped by about 25% since August. Eric Trump's investment in a Bitcoin mining project has lost about half its value from its peak. Additionally, shares o...
The crypto world saw some big action this past week. Let's break it down. First up, a Bitcoin whale made a huge splash. Owen Gunden, an early Bitcoin investor, sold off his entire stash. That's right, he cashed out a cool $1. 3 billion worth of Bitcoin. He's been holding onto these coins since 2011. This sale happened during a rough patch for Bitcoin, with prices dr...
A major player in the crypto ATM world is at a crossroads. Crypto Dispensers, based in Chicago, is thinking about selling the company for up to $100 million. This comes at a tough time, as the company's CEO is facing serious money laundering charges. The company recently said it's looking into its options, including a possible sale. They've moved away from physical ...
Bitcoin's journey has been a wild ride, and it's not showing signs of a dramatic crash anytime soon. Lyn Alden, a macroeconomist, thinks the crypto market isn't ready for a major downturn. She believes the current cycle isn't driven by the usual four-year pattern tied to Bitcoin's halving events. Instead, it's influenced by bigger economic factors and growing interes...
Crypto prices went up on Sunday, with Bitcoin leading the charge. It hit around $86, 466, a 2. 7% jump from earlier in the day. This rise came after Bitcoin showed signs of being oversold, according to a crypto expert. The Relative Strength Index (RSI), which tracks how fast prices change, dipped below 30, a level that often means sellers have pushed prices down too ...
Bitcoin has hit a rough patch, dropping to its lowest point in seven months. It's now hovering just above the $80, 553 mark, a level that has some experts worried about even bigger losses ahead. This isn't just a one-day dip; Bitcoin has lost 12% of its value this week alone. Earlier this year, it was soaring to new heights, reaching a record high above $120, 000 in ...
A crypto ATM company is thinking about selling itself for a huge amount of money. This comes right after the company and its boss were accused of laundering money. The company, called Crypto Dispensers, is based in Chicago. It lets people buy and send Bitcoin and other cryptocurrencies through their ATMs. The U. S. Department of Justice says the company and its CEO,...
The person who started Bitcoin, known as Satoshi Nakamoto, has seen a huge drop in their wealth. This is because the value of Bitcoin has gone down a lot. Nakamoto's net worth has fallen by 34%, from $137 billion to $90. 7 billion. This drop has pushed them down to the 20th spot on the list of the world's richest people. Nakamoto has not moved or spent any of their ...
Bitcoin's value has taken a nosedive, falling below $80, 000. This drop has left over 70% of investors with losses. It's a tough time for those who jumped in during the late-2024 and early-2025 rallies. The price has plummeted by nearly 35% from its peak in October. This has caused a lot of stress, especially for those who bought in recently. Many are now sitting on...
Christine Lagarde, the head of the European Central Bank (ECB), has never been a fan of Bitcoin. She's been vocal about her doubts, even when the cryptocurrency's value was soaring. In a recent chat on the College Leaders in Finance podcast, she was reminded of her past comments about Bitcoin being "worth nothing. " She stood by her words, calling it a risky bet. Wh...