Bitcoin News Today TheBitTimes.com

President Donald Trump has come a long way in his attitude toward cryptocurrency since he rejected Bitcoin (BTC) in his first term.  Indeed, the billionaire politician has not only become rhetorically friendly but has actively been involved with digital assets, launching several non-fungible token (NFT) collections and even a set of family-themed inauguration meme coins. Simultaneously, however, Trump — or someone in his team — appears relatively keen to swapping cryptocurrency for regular currency as the President’s balance has been, per the data Finbold retrieved from Arkham Intelligence on February 25, shrinking rapidly. Picks for you Pundi AI teams up with Monad, T+ Wallet, and Numbers Protocol to promote AI data accessibility 4 mins ago ...

In what is a concerning development for Americans, US inflation has officially risen to 3% for January 2025. Indeed, the data from the Bureau of Labor Statistics Consumer Price Index (CPI) has arrived above what many analysts had expected. Moreover, it is up slightly from December’s 2.9% inflation rate. The monthly figures are important as the Federal Reserve continues to develop its plan forward with regard to interest rate cuts. Just this week, Fed Chair Jerome Powell discussed the next potential cuts. Specifically, he noted that the country didn’t “need to be in a hurry.” Conversely, January’s inflation is the highest record mark since June 2024. BREAKING: US inflation rises to 3%, higher than expectations. — Watcher.Guru (@WatcherGuru) February 12, 2025 Also Read: US Stocks: Nasdaq, S&P 500 Slip Amid Tariffs, Inflation Data US Inflation Jumps Again to 3% to Kick Off 2025 Over the last several weeks, the US economy has been confronted with what cou...

The cryptocurrency market is currently experiencing bouts of joy and transformation as Donald Trump, the US president, has rescinded SAB 121, enabling banks to custody Bitcoin. This development is extremely bullish for the domain in general, allowing the traditional investor base to confidently interact with the crypto realm. Will such positive crypto activities help Ripple (XRP) and Shiba Inu (SHIB) surge to new highs? Let’s find out. Also Read: Solana: Can SOL Hit $300 By January-End 2025? Shiba Inu Price Prediction for Early February Source: Watcher Guru Shiba Inu is currently one of the top trending cryptocurrency tokens in the market. The token has always been touted as the OG meme coin, boasting a stellar user base and a loyal community. SHIB, however, is aiming for the long haul, per Javon Marks, eyeing an ambitious $0.000081 price mark by surging 253% in the process. As per CoinCodex, SHIB may hit $0.00001915 by februaru 15, 2025. Source: CoinCodex SHIB, however, may under...

World Liberty Financial, the crypto-based project backed by Donald Trump and his family, will acquire more TRON (TRX) tokens after purchasing $9.8 million worth of Wrapped Bitcoin (WBTC), CoinDesk reported, citing a person familiar with the plan. World Liberty Financial now holds $352 million worth of crypto, including $181 million of Ethereum (ETH), $56 million WBTC, $32 million of staked ether (STETH), and $7.4 million of TRX, according to blockchain Analysis platform A rkham. Most token buys come after sales of the project’s WLFI tokens. Of the 25 billion tokens still available, around 2.4 billion were sold.  World Liberty Financial Has Raised $1.1 Billion Since the World Liberty Financial platform was launched in September, it has raised $1.1 billion. At the beginning, the platform said it would sell 20% of the 100 billion tokens they created. However, the website soon listed an additional 5 billion tokens.   After the $TRUMP and $MELANIA meme coins were ...

Ross Ulbricht, the founder of the Bitcoin industry’s first major business, the Silk Road, is now free. Donald Trump called his mother Lyn Ulbricht last night to deliver the news that he had signed a full and unconditional presidential pardon of her son who had been in federal prison since summer 2015. Trump promised to pardon Ulbricht on “day one” in office. However, as January 20 passed and January 21 drew to a close, doubt began to creep into the #FreeRoss community. Impatience grew as Trump spent time signing dozens of non-crypto executive orders and then went off to attend the Commander in Chief Ball and the Liberty Ball. Elon Musk tried to quell fears, reiterating the president’s promise mid-day on January 21 while White House spokespeople didn’t respond to requests for comment about the pardon prior to Trump’s announcement. The matter dragged on long enough for some X users to express skepticism. As of 7am on January 21, Polymarket’s binary options accepte...

As the cryptocurrency community anticipates the next move by the incoming Donald Trump administration regarding the potential to roll out of a Bitcoin (BTC) reserve, an economist has cautioned that such a move could negatively affect the economy. According to Steve Hanke, a professor of Applied Economics at Johns Hopkins University, establishing Bitcoin reserves is “the stupidest” idea. He argued that diverting savings into digital assets like Bitcoin would harm economic productivity and growth, he said in an X post on January 6. The post, accompanied by a video extract from Hanke’s interview with Jeremy Lin, saw the scholar explain that savings in Bitcoin are not used to fund real capital assets that drive production.  Picks for you Economist warns U.S. financial deterioration has begun, projects a Black Swan event ...

President-elect Donald Trump is currently gearing up to take over the official reins of the United States. His tenure as the 47th president of the US is set to commence on January 20, 2025, ushering in a new wave of change within the current economic structure. His active leanings toward a pro-cryptocurrency regimen may bode well for the domain holistically. In this wake, these two coins may show an incredible price surge as Donald Trump continues to support these coins. Also Read: 2024 Sees $2.2 Billion in Cryptocurrency Losses from Hacks Top 2 Cryptocurrency Coins That Donald Trump Is Banking On Source: Watcher Guru 1. Ethereum (ETH) Source: Forbes The latest Etherscan data shows Donald Trump-backed World Liberty Financial’s wallet accumulating more ETH coins per Eric.ETH has added $2.5M more Ethereum tokens to their wallet, showing signs of commitment and bullish sentiment towards Ethereum. Per the data by Arkham, Ethereum is one of the largest holdings that Trump has lately been ho...

President-elect Donald Trump threatened BRICS countries with 100% tariff rates if they decide to ditch the US dollar for trade. Trump made it clear that de-dollarization or launching a new currency and payment system to bypass the US dollar will be met with a 100% tariff on goods entering the US markets. If the tariff is imposed, BRICS countries will find it hard as their imports and export sectors will be hit. Also Read: BRICS: 2 Countries Pay 80% of Trade in Local Currencies, Not US Dollar On the heels of the recent 100% tariff threats by Trump, BRICS countries have reacted to the development. While some members doubt the tariff can be put in place, others remain cautious to not irk the President-elect. The balancing act of diplomacy now comes into the picture and how they navigate the next four years will decide the success of the de-dollarization agenda. Also Read: No Turning Back On Launching BRICS Payment System: Diplomat 100% Tariffs on Goods Entering the US: BRICS Reacts to Tru...

With the President-elect set to introduce the White House’s first digital asset-focused role, Donald Trump’s crypto advisory council is reportedly expected to set up the nation’s first strategic Bitcoin reserve. Indeed, the returning US president is looking to formulate a council that would govern crypto-related policies, Reuters reports. The development of the council has garnered interest from across the cryptocurrency industry. Coinbase CEO Brian Armstrong had met with Trump earlier this week. Moreover, Cardano (ADA) developer Charles Hoskinson gave his vote of confidence for Armstrong’s viability as part of such a council. JUST IN: President-elect Donald Trump's crypto advisory council expected to set up strategic #Bitcoin reserve. — Watcher.Guru (@WatcherGuru) November 21, 2024 Also Read: Donald Trump Considers Creating First-Ever White House Crypto Role Trump Crypto Advisory Council Taking Shape: Bitcoin Reserve Bill Remains Premier Focus Shortly aft...

President-elect Donald Trump plans to appoint pro-crypto candidates for the top cabinet positions in key financial agencies, reported the Washington Post. The incoming President will adopt a more friendly stance toward cryptocurrency to deliver on his campaign promise to make the U.S. the “crypto capital of the planet.” Also Read: Standard Chartered: Trump Win May Push Crypto Market Cap to $10T JUST IN: President-elect Trump to appoint pro-crypto cabinet members to fulfill his promise of making the US the "crypto capital of the planet." pic.twitter.com/1AUwOuxUuB — Watcher.Guru (@WatcherGuru) November 12, 2024 The industry-friendly candidates could usher in a new era of federal policymaking, in which cryptocurrencies also play a part. The pro-crypto candidates soon to be appointed by Trump would ensure a more lenient regulatory environment. The 47th President is sticking to his campaign promise of making the U.S. the leader of the cryptocurrency and blockchain sphere. Also R...

The Donald Trump transition team is considering Dan Gallagher, Robinhood Markets’ chief legal and compliance officer, as a potential successor to Securities and Exchange Commission (SEC) chair Gary Gensler. Gallagher, a former Republican SEC commissioner under the Obama administration, is the leading candidate on Trump’s shortlist, according to a Nov.7 report by Reuters . Trump Promises To Fire Gary Gensler On “Day One” Of Presidency Current SEC chair Gensler has led the regulator in a multi-year battle against US companies operating in the crypto industry, opting for a regulation-by-enforcement approach. That’s made him widely despised in the crypto industry. To win over crypto voters leading up to the US election, Trump promised to fire Gensler on his first day in office, and to appoint a new SEC chair who “will not block the future.” BREAKING: Donald Trump to fire Gary Gensler and hire pro-Bitcoin administration. pic.twitter.com/KxUYo...