November 19, 2024

Macro Guru Luke Gromen Says Bitcoin Will Rise Against Gold With or Without Support From US Government

Veteran macro investor Luke Gromen believes Bitcoin (BTC) is set to outperform gold even even if it doesn’t have the backing of the US government. In a video posted on the Forest for the Trees YouTube channel, Gromen says Bitcoin has a huge leg up against gold due to its fundamentals. But while the macro expert is more bullish on BTC, he notes that investors should consider Bitcoin’s tendency for

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November 19, 2024

Bitcoin Price Breaks New ATH Above $93,500

The price of Bitcoin (BTC) has broken another All-Time High (ATH), touching $93,826.60 in late trading. The coin achieved this new milestone after a sustained consolidation trend over the past week. The premier coin rallied by 3.33% to achieve this ATH in the past 24 hours. Bitcoin Price And Key Growth Triggers Since the start of November, Bitcoin price has recorded multiple ATHs. However, the growth is linear as BTC

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November 19, 2024

Tether Advocate Howard Lutnick To Get Commerce Secretary Job: Report

The role of Howard Lutnick in the Donald Trump administration will extend beyond the transition team. According to a report from Punchbowl News, President-elect Trump will announce Lutnick as the next Commerce Secretary. As the CEO of Cantor Fitzgerald and major advocate for Tether, Howard Lutnick brings both crypto and TradFi experience to the Commerce department. Howard Lutnick Profile For the Commerce Secretary Job The glowing report from Punchbowl News

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November 19, 2024

NexBridge & Bitfinex Securities Launch Tokenized US Treasury Bills Under El Salvador Laws

Bitfinex Securities, in collaboration with NexBridge, has introduced USTBL, the first-ever regulated tokenized US Treasury bill offering under El Salvador’s cutting-edge digital asset laws. The initial subscription, open from November 19 to November 29, seeks to raise at least $30 million, offering investors exposure to short-term US T-bills with an anticipated annual yield of 5.0%. This innovative move further integrates blockchain technology into traditional finance, leveraging El Salvador’s progressive regulations.

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November 19, 2024

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November 19, 2024

Why Trump and Xi Jinping’s ‘special relationship’ soured

BBC Donald Trump once declared that he and Chinese President Xi Jinping “love each other” In a sports park next to the red walls and glossy blue tiles which surround Beijing’s Temple of Heaven, a group of pensioners are working out. “I’m 74 and I hope this helps me live a long time,” one man says after he finishes his pull-ups, just as a cold wind blows leaves from cypress

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November 19, 2024

WMT, LOW, INTU, KHC and more

Check out the companies making headlines in midday trading: Walmart — The big-box retailer saw shares jump nearly 5% to hit a record after the retail giant topped fiscal third-quarter earnings and revenue expectations. The retailer also hiked its outlook again as it saw growth in e-commerce and improvements in sales outside of the grocery aisles. Super Micro Computer — The server maker surged 29.2% after announcing BDO as its

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November 19, 2024

Super Micro shares soar after company names BDO as new auditor

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7.  Annabelle Chih | Bloomberg | Getty Images Super Micro Computer shares jumped more than 30% on Tuesday after the embattled server maker said it named BDO as its new auditor and submitted a plan to Nasdaq detailing its efforts to regain

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