• Nov 25, 2024

Bitcoin Hits Another All-Time High on Trump's Election Win. Is There More to Come?

Ever since Donald Trump won the presidential election on Nov. 5, Bitcoin (CRYPTO: BTC) has been absolutely en fuego. The pro-crypto optimism surrounding the Trump presidency is gaining momentum, and investors are likely to ratchet up their price forecasts for Bitcoin as we head into 2025. The so-called "Trump trade" is essentially a bet that many of the pro-crypto promises made by Trump on the campaign trail will actually materialize once he becomes president.

  • Nov 24, 2024

Trump pick Lutnick's firm in talks with Tether for $2 billion bitcoin lending project, Bloomberg reports

Lutnick's financial services firm, Cantor Fitzgerald, is discussing receiving support from Tether to help fund the project, which could potentially reach tens of billions of dollars, the report said, citing people familiar with the matter. "Tether Investments is looking to use part of the profits generated in the past years for different opportunities", Tether said in an e-mailed response to Reuters.

  • Nov 24, 2024

US plans to reduce Intel's $8.5 billion federal CHIPS grant below $8 billion: New York Times

The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the Times. This spring U.S. President Joe Biden's administration said it was awarding Intel nearly $20 billion in grants and loans, supercharging the company's domestic semiconductor chip output and marking the government's largest outlay to subsidize leading-edge chip production. The U.S. announced a preliminary agreement for $8.5 billion in grants and up to $11 billion in loans for Intel in Arizona, with some of the funding to be used to build two new factories and modernize an existing one.