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Cryptocurrency Thread
catfish1957:
Bump.... Bump..... Bump....
Another One Bites the Dust.
https://www.financialexpress.com/blockchain/crypto-lending-unit-of-genesis-files-for-us-bankruptcy/2954587/
<snipit>
The lending unit of crypto firm Genesis filed on Thursday for U.S. bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi. Genesis Global Capital, one of the largest crypto lenders, froze customer redemptions on Nov. 16 after FTX stunned the financial world with its bankruptcy, fuelling concern that other companies could implode. The company is owned by venture capital firm Digital Currency Group (DCG).
Bigun:
--- End quote ---
https://twitter.com/ChuckCallesto/status/1684604455533019143
catfish1957:
In maybe some of the biggest news in Crypto in the past 5 years, the SEC has given the go ahead the Crypto concept, giving some level of validity, and is allowing ETF's to established in several exchanges. **nononono*
https://www.theguardian.com/technology/2024/jan/11/bitcoin-etf-approved-sec-explained-meaning-securities-regulator-tweet
libertybele:
So .... the dollar, stocks, mutual funds, gold -- out the window???
U.S. can become a crypto superpower with ‘sensible’ regulation, Eric Trump saysU.S. can become a crypto superpower with ‘sensible’ regulation, Eric Trump says
A set of “sensible” regulatory guidelines can help make the U.S. a cryptocurrency superpower, according to Eric Trump, executive vice president of the Trump organization and son of president-elect Donald Trump.
Speaking to CNBC’s Dan Murphy in Abu Dhabi, United Arab Emirates, Eric Trump said Monday that he’d been a “big fan of crypto for a long time” and his father intends to “make America the crypto capital of the world” on his return to the White House.
His comments come shortly after the price of bitcoin, the world’s largest cryptocurrency, climbed above $100,000 for the first time.
The highly anticipated milestone was hailed as a landmark moment for digital assets, with investors increasingly confident the new U.S. administration will seek to cement the crypto industry’s place in financial markets.
Bitcoin, which is up a whopping 137% year-to-date, has since dipped back below the six-figure mark. The flagship digital currency was last seen trading at around $99,808.62, according to Coin Metrics.
“The modern banking system is antiquated. It’s just a matter of time before crypto not only catches up, but just really leaps ahead. And so, we’re incredibly excited on a lot of fronts,” Eric Trump said.
“I think America will be the crypto capital of the world. I fully support it. My father fully supports it. Our family, you know, is fully embracing it. We believe in DeFi ... We believe that’s the way of the future. And again, America, you know, better lead the way, otherwise we’re going to leave a lot behind,” he added.
DeFi refers to decentralized finance, a system of applications that aim to recreate traditional financial instruments with cryptocurrency.
libertybele:
Eric Trump to deliver keynote at Abu Dhabi crypto conference
This week’s Bitcoin MENA conference in Abu Dhabi will showcase some of the key cryptocurrency players in the incoming Trump administration, including the President-elect’s son Eric, who will deliver the keynote to a crowd of 6,000 at the ADNEC center.
Also speaking at the Gulf’s biggest crypto gathering is billionaire Steve Witkoff, who has been appointed the new White House envoy for the Middle East, Reuters reports. Witkoff is co-founder of World Liberty Financial, a cryptocurrency platform launched in September that Donald Trump and his family helped form.
Both Trump and Witkoff will be holding “whales-only” chats in the conference’s VIP lounge, where admission requires a $9,999 pass for whales, the crypto nickname for large players who have potential to move markets, the news agency said.
Other speakers with close ties to World Liberty Financial include Justin Sun, the 32-year-old Chinese founder of blockchain platform Tron, Reuters reports...............
https://circuit.news/2024/12/09/eric-trump-to-deliver-keynote-at-abu-dhabi-cryptocurrency-conference/
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