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Sep 13 2024POLITICS

Trump's Cryptocurrency Ambitions: A Recipe for Conflict of Interest?

In the final stretch of his 2024 presidential campaign, Donald Trump is set to launch his sons' cryptocurrency business, World Liberty Financial, on Monday. This speech comes just 50 days before Election Day, raising concerns about the former president's penchant for mixing his personal and politica

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Sep 12 2024POLITICS

Markets Give Kamala Harris the Upper Hand in Presidential Debate

What if the market's reaction to the debate is more about sentiment than substance? Has the analyst's assumption that markets are accurately predicting the election outcome been tested? Or is it just a fleeting reaction to a momentary shift in perceived probability? As the dust settles on Tuesday's

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Sep 12 2024POLITICS

The Crypto Conundrum: Can Trump's Truth Social Bounce Back?

As the 2024 presidential election heats up, the stakes for Donald Trump's Truth Social are higher than ever. Shares of Trump Media & Technology Group, the company behind the social media platform, plummeted 13% after a testy debate with Kamala Harris, with betting odds of a win for the Democratic ca

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Sep 08 2024FINANCE

MicroStrategy's Big Bitcoin Bet: Brilliant or Batshit?

MicroStrategy (NASDAQ:MSTR) has been on a wild ride lately, thanks to its unconventional strategy of using cash from its business intelligence software operations to gobble up $13 billion worth of bitcoin (BTC-USD). Barclays analyst Ramsey El-Assal is bullish on the approach, likening MSTR to a BTC

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Sep 06 2024TECHNOLOGY

Bitcoin Mining Panel Sparks Debate at H. C. Wainwright Conference

The annual H.C. Wainwright Global Investment Conference is known for bringing together top minds in finance and technology. This year's event, held September 9-11th at the Lotte New York Palace Hotel, featured a star-studded lineup of keynote speakers and panelists discussing the latest development

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Sep 06 2024FINANCE

Crypto Mining Giant Bit Digital's Production Slumps, But Staking Rewards Rise

Bit Digital (BTBT), a major player in the cryptocurrency mining and digital asset space, recently announced that its bitcoin production dropped by 12% month-over-month in August. Despite this decline, the company saw an increase in staking rewards for ether (ETH) and earned significant revenue from

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