Author: GT

Bitcoin’s seven day price action has been nothing short of explosive, surging from $82K to over $94K in less than a week! With volatility and ongoing macro uncertainty, BTC is holding strong around $93K. The momentum suggests that bullish sentiment remains firmly intact as the week continues. Jack Mallers and a group of investors have officially unveiled Twenty-One, a bold new Bitcoin investment company with $500M already committed. Loaded with over 42,000 Bitcoin, Twenty One is being formed through backing by Cantor Equity Partners, a publicly traded SPAC. The new entity is also supported by Tether and SoftBank. In a…

DoorDash has asked a California Superior Court judge to dismiss a lawsuit filed by Uber that accuses the food delivery company of stifling competition by intimidating restaurant owners into exclusive deals. DoorDash argues in its motion that Uber’s claim lacks merit on all fronts. On a post on its website on Friday, DoorDash said, “the lawsuit is nothing more than a cynical and calculated scare tactic from a frustrated competitor seeking to avoid real competition. It’s disappointing behavior from a company once known for competing on the merits of its products and innovation.” In its post, DoorDash added that it…

Did you know that, since its inception, Bitcoin has been the best performing asset class worldwide?In fact, at its current $1.87 trillion valuation, Bitcoin has even surpassed Alphabet (formerly Google) to become the world’s fifth largest asset. Only behind Nvidia (NVDA), Microsoft (MSFT), Apple (AAPL), and gold!However, the recent market tariff turmoil resulted in a “risk-off” environment and a 30% pullback from the all-time high of $109k achieved last year.Bitcoin Decouples One of the long-term bearish arguments against Bitcoin is that it is just another “risk-on” asset.Historically, you may have observed that Bitcoin has acted like a leveraged Nasdaq product,…

Instagram Threads, Meta’s newest social network and X competitor, is officially relocating from the website Threads.net to Threads.com. The transition will coincide with a handful of quality-of-life improvements for the Threads web app, including features to more easily access custom feeds, saved posts, and likes, as well as other tools for creating new columns, copying posts for resharing, finding your favorite creators from X on Threads, and more. Meta had initially launched its new social app in July 2023 on the URL Threads.net, as a Sequoia-backed Slack alternative startup had owned the Threads.com domain at the time. (That startup sold…

Paul Atkins’ first public event as chairman of the U.S. Securities and Exchange Commission was a crypto roundtable on Friday, where the new agency chief devoted his inaugural speech to assuring the industry that he’ll continue to remake securities policy to favor digital assets innovation. The agency and industry have been awaiting congressional action to establish crypto market-structure oversight that will likely set guardrails, and Atkins told an audience at the SEC’s Washington headquarters that the regulator will work toward delivering “a rational, fit-for-purpose framework” for crypto. However, in answer to a question from CoinDesk after his speech, Atkins indicated…

Meta may have managed to kill a bipartisan bill to protect children online, but parents of children who have suffered from online harm are still putting pressure on social media companies to step up. On Thursday, 45 families who lost children to online harms — from sextortion to cyberbullying — held a vigil outside one of Meta’s Manhattan offices to honor the memory of their kids and demand action and accountability from the company.  Many dressed in white, holding roses, signs that read “Meta profits, kids pay the price,” and framed photos of their dead children — a scene that…

Paul Atkins, the newly appointed chairman of the Securities and Exchange Commission (SEC), said that the crypto industry needs clear rules. The current framework for Bitcoin and crypto regulation “badly needs attention,” he added. Atkins was speaking at the SEC’s Crypto Task Force roundtable on Apr. 25 when he made these remarks. The SEC chair said that entrepreneurs across the U.S. are harnessing blockchain technology to modernize aspects of the financial system and he expected huge benefits from this market innovation in terms of efficiency, cost reduction, transparency, and risk mitigation. Atkins criticized the previous SEC administration led by Gary Gensler for stifling innovation…

Meta laid off employees on Thursday in its Reality Labs division, which encompasses various virtual and augmented reality projects. The cuts impact employees within Oculus Studios, which develops apps and games for Meta’s Quest headsets. Meta did not specify how many people were impacted by the layoffs but said that the cuts impacted people working on Quest products, including Supernatural, a VR exercise app. Meta acquired Within, the company that makes Supernatural, in 2023. “Some teams within Oculus Studios are undergoing shifts in structure and roles that have impacted team size,” Meta told TechCrunch in a statement. “These changes are…

Bitcoin (CRYPTO: BTC) has been on fire this week, rising 12% over the past seven days as of 2 p.m. ET on Friday. Investors have been in “risk on” mode this week as trade tensions between the U.S. and nearly every country in the world seem to be easing, for now. That helped companies downstream of Bitcoin’s price, like Bitcoin miners. TeraWulf (NASDAQ: WULF) is up 36% this week, Riot Platforms (NASDAQ: RIOT) jumped 26.1%, and MARA Holdings (NASDAQ: MARA) is up 17% for the week. Where to invest $1,000 right now? Our analyst team just revealed what they believe are…

A cartoon image of US President-elect Donald Trump holding a Bitcoin token to mark the cryptocurrency reaching over $100,000 displayed at a Coinhero store in Hong Kong, China, on in Hong Kong, China, on Thursday, Dec. 5, 2024. Justin Chin | Bloomberg | Getty ImagesWASHINGTON — President Donald Trump will have to wait another three months before he can start selling his meme coin.The $TRUMP token, which debuted in January just ahead of the president’s inauguration, was scheduled to begin unlocking a major tranche of insider-held tokens this month. But Trump token’s official X account said this week that all major…