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China’s yuan misses its chance to go up against the US dollar after Trump win
The yuan is falling behind. China’s dream of turning its currency into a global contender is unraveling thanks to President Donald Trump’s return to power. With a brand new trade war looking likely, China’s yuan is staring at a long, hard road. Analysts say the currency could hit its lowest point in 17 years by […]Cryptopolitan
Nov 16, 2024
Bitcoin rises above the fray as Wall Street sinks on Fed uncertainty
Bitcoin continues its meteoric rise while Wall Street reels from the Federal Reserve’s mixed messages on interest rates. The Dow Jones Industrial Average plunged 305.87 points, or 0.70%, ending Friday at 43,444.99. The S&P 500 didn’t fare any better, sliding 1.32% to 5,870.62. Meanwhile, the Nasdaq Composite saw the sharpest drop, falling 2.24% to close […]Cryptopolitan
Nov 16, 2024
Russell Okung’s Bitball league offers players a Bitcoin payment option
Retired NFL player Russell Okung’s new Bitball league will offer players the option to take their payments in the leading cryptocurrency Bitcoin. The former Carolina Panthers player took to his X handle to announce the new football league to kick off on December 10. In an interview, Okung mentioned that he has been looking into […]Cryptopolitan
Nov 16, 2024
Japan’s DX Minister wants to ‘closely follow’ Musk’s DOGE department for ideas
Japan’s new minister for digital transformation (DX), Masaaki Taira, has commented on US president-elect Donald Trump’s newly-created DOGE department and selection of Elon Musk to lead it. Taira said in a recent address that Japan’s government would like to “follow up closely” and “incorporate” ideas from the initiative into the Japanese state’s operations. Masaaki Taira, […]Cryptopolitan
Nov 16, 2024
Ethereum ETFs experience post-election surge amid renewed investor optimism
Ethereum ETFs are riding the post-election wave that has enveloped the wider crypto market. During its surge, Ethereum ETFs have created an optimistic atmosphere while reversing the billions of outflows that have caused worries for investors since its debut According to data from Soso Value, Ethereum ETFs’ value peaked on Tuesday, with its cumulative net […]Cryptopolitan
Nov 16, 2024
