Man wants to buy tip where he lost Bitcoin fortune
A computer engineer who lost £620m-worth of Bitcoin wants to buy the tip where he believes it was buried. James Howells, from Newport, claimed his ex-girlfriend mistakenly chucked out a hard drive containing 8,000 bitcoins in 2013. He tried to sue the city council to get access to the site on Newport's Docks Way, or get £495m in compensation, but his case was dismissed by a judge. Newport council said it was making no further comment on the matter. #bbc #BTC
TikTok finds way to skirt US ban with Android sideload
TikTok has bypassed restrictions in the US that prevent users from downloading the app on an Android device.
The Chinese-owned app was banned in the US in January due to fears that it could be used to collect private data of citizens or spread propaganda through its algorithm. TikTok has denied these claims.
US President Donald Trump, who came into office on 20 January, signed an executive order delaying the nationwide ban, however the app remains unavailable through the Apple and Google app stores
Bitcoin (BTC-USD) exploded this year, reaching new heights following the election of President Trump. Yahoo Finance Executive Editor Brian Sozzi spoke to several key players in the space on Opening Bid, bringing you their investing approaches and what to look out for in the future of cryptocurrencies. In this episode, you’ll hear from PayPal (PYPL) CEO Alex Chriss, BNY Mellon (BK) CEO & President Robin Vince, and Benchmark Managing Director and Senior Research Analyst Mark Palmer. $BTC
What's the right crypto allocation in your portfolio? #BitcoinKeyZone Bitcoin (BTC-USD) is trading above $100,000. WisdomTree global head of research Chris Gannatti joins Wealth! Host Brad Smith to discuss how much of a portfolio should be allocated to crypto.
"What we tend to see is somewhere between 1 and 5%, depending on the needs and the situation of the investor," Gannatti reports.
He adds, "You're starting to see institutions even take the plunge and gain at least some exposure. It'll be fascinating. There are these institutional consultants that basically, in the past, came up with the quote-unquote, 60% equity, 40% bond allocations. Maybe one day, they're recommending a 2% or 3% or 4% [crypto portfolio allocation]. They don't do it yet."
XRP Price Slips Again. These 2 Factors Will Decide Where the Red-Hot Crypto Goes Next.
XRP XRPUSD +1.88% was falling on Tuesday. It’s starting to look like the cryptocurrency’s massive gains have fizzled out.
The token was down 1% to $2.22 in early trading, according to data from Kraken—it’s more than 5% down over the past 24 hours. Rivals Bitcoin BTCUSD +3.35% and Ethereum ETHUSD +3.37% were both up 1.7%.
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XRP has surged more than 300% since President-elect Donald Trump’s election victory last month. Traders hope that the incoming Trump administration will ease the legal pressure on Ripple Labs, which issues the cryptocurrency and uses it to settle and facilitate transactions on its digital payments platform.
Last week, Trump picked the crypto-friendly Paul Atkins to replace Gary Gensler as head of the Securities and Exchange Commission, and bulls hope he will drop the agency’s long-running case against Ripple. The SEC charged the company with selling an unregistered security to investors in 2020, and in October it appealed a court ruling that stated Ripple’s XRP sales hadn’t violated investor protection laws.
The resolution of SEC’s case could “serve as a significant catalyst” to drive the price of XRP higher, Bitget Research’s chief analyst Ryan Lee said Tuesday.
He added that wider adoption of Ripple’s payments system, which is designed to speed up transactions across borders, could also boost the token by “solidifying XRP’s role in the financial ecosystem.”$BTC $ETH
GameStop earnings: Stocktwits exec's retrospective on retail trading
Video game retailer GameStop (GME) is popping on in after-hours trading after releasing third quarter earnings, posting net sales of $860.3 million and adjusted earnings per share of $0.06. GameStop and fellow meme stock AMC Entertainment (AMC) got a momentary stock boost last week after retail trader Keith Gill — known as "Roaring Kitty" on social media — made a post on X.
Stocktwits head of market research Tom Bruni sits down with Josh Lipton on Asking for a Trend to speak more on GameStop's quarterly performance, the current state of the meme stock trade, and the Stocktwits platform itself.
"Thinking back to 2021, a lot of people thought this was just a phase. And that is not the case. Retail has stuck around — we're seeing record levels of options activity, record trading activity, we've got Robinhood (HOOD) adding betting markets," Bruni says.
"So kind of like this degenerate economy of betting on everything including stocks is kind of taking hold here. And so I think Wall Street has identified this as something that's not going away. And so they're trying to figure out how to navigate it."
Bruni also weighs in on bitcoin (BTC-USD) and the enthusiasm behind crypto trading and investments into spot crypto ETFs, attributing it to the new "democratization of those kind of non-traditional assets via traditional vehicles" on brokerage platforms.$BTC
$BTC The next milestone for Bitcoin could be $250K: YouTuber Matt Kohrs
Now that bitcoin (BTC-USD) breached the crucial psychological $100K mark, what's next for the cryptocurrency? One investor is confident that it will continue to rise in the coming calendar year. Matt Kohrs, YouTuber and "The Matt Kohrs Show" host, tells Wealth! host Brad Smith that he sees two paths ahead for bitcoin: "It's either the best store of value ever created, or we're looking at another tulip mania that is maybe on the precipice of popping." Kohrs is positive on bitcoin, citing its performance against the U.S. dollar. "Now, in the short term, your guess is as good as mine. We might as well just be flipping a coin. But in the long term, if this idea of a store of value and the US dollar always being devalued, I think bitcoin goes higher and higher."
When it comes to the next major milestone for bitcoin, Kohrs says, "I think the next big psychological level in terms of US dollar value will be 250,000, which I want to make clear, I do believe is very possible in the upcoming calendar year."
He's less positive when analyzing the fundamentals of GameStop (GME) and other so-called "meme stocks." Kohrs says, "When I look at the entire investable universe, GameStop's not really a top tier one because we don't have much forward direction from the company and the company's leadership at this moment in time." Instead, he suggests these retail investors have more to gain from companies with stronger fundamentals, including Tesla (TSLA) and Palantir (PLTR).
$BTC Bitcoin 100K, Intel CEO ousted, job growth rebounds: 3 big stories in markets this week
It was a long, grueling path for many in the crypto world, but it finally happened: The price of bitcoin crossed the $100,000 mark for the first time.
Beyond making bitcoin holders quite happy, given the digital currency has risen more than 50% in the past two months, the milestone reached on Wednesday provided some validation that digital assets are here to stay.
President-elect Donald Trump’s pledge to ease crypto regulations and his nomination of Paul Atkins for chair of the Securities and Exchange Commission spurred the massive rally that brought ether (ETH=F), XRP (XRP-USD), and crypto-related stocks along for the ride.
“They’re calling it the ‘Paul Haul,’ which pulled bitcoin over the $100K,” Digital Chamber founder Perianne Boring told Yahoo Finance, referring to Atkins, who many crypto fans see as an ally to digital assets compared to outgoing SEC Chair Gary Gensler.
"CONGRATULATIONS BITCOINERS!!!" Trump wrote in a post on his Truth Social platform early Thursday.#2024WithBinance