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Chinese lawmakers may continue China’s fiscal stimulus drive with a new package approval this week
Chinese lawmakers are poised to approve a new fiscal package for the country. The legislatures will hold a week-long session starting on Monday, and expectations are that they will approve the largest fiscal package the country has seen since 2020 during the global pandemic.Cryptopolitan
Nov 4, 2024
Election week drama: Is Bitcoin gearing up for a post-vote breakout?
The global financial market braces itself as election week finally knocks in. The cumulative digital assets market saw a marginal decline as Bitcoin (BTC) failed to hodl on to the crucial $70,000 price level in line with fluctuating prediction market in the US. Going into Election Day, financial markets prepare for high uncertainty, and historically, […]Cryptopolitan
Nov 4, 2024
Tether is not planning to build a blockchain, says CEO Paolo Ardoino
Tether CEO Paolo Ardoino shut down rumors of a Tether blockchain, declaring, “Tether is not planning to build an official blockchain at this time.” Instead, Tether backs the integration of its stablecoin, USDT, on various networks to support decentralized use cases, like gas fees, on independent Layer 2 (L2) solutions. Tether’s stance on neutrality guides […]Cryptopolitan
Nov 3, 2024
Wiz Khalifa’s Twitter allegedly hacked to promote scam coin
Wiz Khalifa’s Twitter account appears to have been hacked in an attempt to push a fraudulent coin onto unsuspecting followers. In a since-deleted post, hackers used Wiz’s account to shill a new token, prompting quick reactions from the crypto community. On-chain investigator ZachXBT was the first to respond, warning users, “Do not buy this, his […]Cryptopolitan
Nov 3, 2024
Crypto casino Metawin gets hacked, over $4 million stolen in SOL and ETH
Metawin, a crypto casino, got hit hard today. Hackers exploited it for more than $4 million in Ethereum (ETH) and Solana (SOL). On-chain sleuth ZachXBT flagged the incident on Telegram, saying, “Looks like the crypto casino Metawin was exploited for $4M+ on Ether and SOL earlier today.” He traced over 115 addresses linked to the […]Cryptopolitan
Nov 3, 2024
Tuesday’s election will transform U.S. taxes and global trade relations
Tuesday’s U.S. election will hit the American economy on multiple levels. From how taxes are set to how the country trades, both candidates—Kamala Harris and Donald Trump—are pitching radically different economic agendas. Who wins the White House, and which party takes control of Congress, will shape everything from tax policies to the country’s stance on […]Cryptopolitan
Nov 3, 2024
Bitcoin mining difficulty breaks yet another all-time high
Bitcoin mining difficulty just set a new record, hitting heights that are forcing miners to throw even more resources at the network. With competition heating up and Bitcoin holding steady near its all-time highs, the industry faces new pressures. Now miners need even more computational power to keep pace, leading to higher costs and potentially […]Cryptopolitan
Nov 3, 2024
Developing economies prepare for possible Trump trade shake-up in financial markets
As another US election nears, developing economies are on edge, watching for what a Trump victory might mean for their trade deals, exports, and currencies. Investors from Latin America to East Asia are on guard, waiting to see if Trump’s return could disrupt their already struggling markets with more tariffs and tougher trade terms. And […]Cryptopolitan
Nov 3, 2024
S&P 500 earnings wrap-up: AI firms Palantir and Qualcomm on deck as 75% beat estimates
Over two-thirds of the S&P 500 have released their earnings for this quarter, but heavy hitters like Palantir, Qualcomm, and Super Micro Computer are still on the list. Among these, Palantir stands out. It’s been on fire, rising over 140% this year, with its AI software demand driving significant momentum. Investors are anxious to see […]Cryptopolitan
Nov 3, 2024
