Howard Lutnick, the CEO of Cantor Fitzgerald, is President Trump's pick to lead the U. S. Commerce Department. Lutnick has been a big supporter of Tether, a cryptocurrency company with a history of controversy. Tether operates like a bank but without the normal rules and watchdogs. It issues a stabl
Gary Wang, a co-founder of the now-defunct cryptocurrency exchange FTX, dodged a lengthy jail term. On November 20, 2024, he was sentenced to time served and three years of supervised release for his part in the crypto fraud. He was also ordered to forfeit $11 billion. Wang faced up to 50 years in p
Bitcoin surged to a new peak of almost $95, 000 recently, driven by positive U. S. election outcomes. Meanwhile, major firms like BlackRock and Grayscale introduced options for their spot bitcoin ETFs, attracting massive volumes. BlackRock's iShares Bitcoin Trust saw over $1. 9 billion in trades, si
Last week, the crypto world buzzed with news. U. S. Securities and Exchange Commission (SEC) head, Gary Gensler, hinted at his possible departure. Gensler has been under fire for his tough stance on crypto, which led to a lawsuit from 18 states. As President-Elect Donald Trump has vowed to replace G
Ethereum, known for its smart contract capabilities, has risen quickly. But its cloak of anonymity makes it a prime spot for illegal activities, like money laundering. Bad guys turn dirty cash into clean currencies using Ethereum. Unlike old-fashioned money laundering, with its clear signs, Ethereum
You know how some blockchains need a boss to keep them in line? That's where a Coordination Blockchain comes in. This one's about Ethereum MainNet, the public Ethereum blockchain, and whether it can handle that job for Ethereum Private Sidechains. These sidechains are like private clubs where blockc
Did you know that mixing cryptocurrencies in your investment portfolio can help reduce risk? Researchers recently put this idea to the test using a famous theory by Markowitz. They found that spreading out your investments across different coins can balance out the highs and lows. For instance, betw
Everyone's talking about Trump Media & Technology Group (TMTG) now that news has spread about their talk to buy Bakkt, a crypto trading platform previously led by Senator Kelly Loeffler, a staunch Trump supporter. The valuation keeps everyone guessing, but Bakkt's shares sure got a boost, rising ove
Ever wondered who's behind Trump's choice for commerce secretary? Meet Howard Lutnick, a influential businessman with a remarkable past. He's the head of Cantor Fitzgerald, a major investment bank, and he's linked to Trump through their times on "The Apprentice. " If picked, Lutnick would lead the C
Who would have thought that a former U. S. President would dive into the world of cryptocurrency? Well, Donald Trump's media company seems eager to take that leap. Reports suggest they are in serious talks to buy Bakkt, a big player in the crypto trading scene. This potential deal sent both companie
