Broadcaster and renowned Bitcoin (BTC) bull Max Keiser has taken a knock on veteran investor Warren Buffett in a tweet posted on Monday. Keiser claimed that users of the popular stock and cryptocurrency trading app Robinhood had stolen Buffett’s money by capitalizing on his recent losses in the airline sector. He further suggested that the profits made on Buffett’s mistimed stock sales were being invested in Bitcoin. Stealing Buffett’s bags In early May, Buffett told shareholders of Berkshire Hathaway that he had sold all of the company’s airline stock at a huge loss due to fears that the sector would …
Ethereum creator, Vitalik Buterin, and Gemini exchange founders, Cameron and Tyler Winklevoss, expressed their opinions on recent efforts at social media censorship. "I've talked before about the rise of corporations regulating governments but here we have Twitter soft-censoring the U.S. president on the grounds of incitement of violence," Buterin said in a May 29 tweet referencing recent Twitter posts from U.S. President Donald Trump. "This is a major escalation and could be a new chapter in relations between corporations and states," Buterin added. A tangled mess of tweets, executive orders, and events Expectations yesterday saw Trump signing an executive order …
Those in the know expect President Trump to sign a fresh executive order today, imposing greater accountability on social media providers. The order draft, labeled at press time as "Preventing Online Censorship," brings further clarity to social media industry boundaries, ABC News said on May 28. "This will be a Big Day for Social Media and FAIRNESS!" Trump tweeted on the morning of May 28. The order follows Twitter fact checking efforts Social media powerhouse Twitter recently flagged certain tweets with a fact-check tag. The platform flagged some of Trump's posts about voting and ballots, pinning a noted under the …
President Donald Trump’s nominee for the United States Federal Reserve board of governors is reiterating her advocacy for the gold standard — and adding digital currency into the mix. In an interview on Sunday, Judy Shelton told reporters: “I don’t see it so much as returning [to the gold standard], more like ‘back to the future.’ I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn’t be subject to who’s the chairman of …
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price charts hint at the most exciting breakout in over a year The halving has been and gone — and so far, it hasn’t been the cataclysmic event that some in crypto circles feared. Some market analysts have now set their sights on what will happen next. Cointelegraph’s Keith Wareing says Bitcoin is on …
The ransomware gang that stole almost 1 terabyte of legal secrets from the biggest names in the entertainment industry is now demanding $42 million in cryptocurrency or else it will expose United States President Donald Trump's “dirty laundry.” The gang has already released a 2-gigabyte trove of legal documents marked "Lady Gaga" and fired the link to media outlets including Cointelegraph, which broke the news last week about the attack on New York law firm Grubman Shire Meiselas & Sacks. The law firm has clients that include Elton John, Robert DeNiro and Madonna. The gang hacked and encrypted the firm’s …
Bitcoin (BTC) bulls were lambasting United States President Donald Trump this week as he called on the Federal Reserve to tax people’s savings. In a tweet on May 11, Trump renewed pressure on the Fed, which he has long suggested should “keep pace” with Europe in lowering rates. Trump: The U.S. needs negative interest rate “gift” The European Union first introduced negative interest rates in 2014. Trump wrote: As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the ‘GIFT’. Big numbers! Negative rates essentially involve charging banks — and therefore savers — …
The former CEO of Intercontinental Exchange subsidiary Bakkt and a current Republican senator for Georgia, Kelly Loeffler, has been rewarded with a new appointment despite recent controversies. In a tweet published on April 16, Loeffler wrote: “Thank you, @realDonaldTrump for appointing me to your task force on re-opening America safely in the wake of #COVID19. With 22 million Americans filing for unemployment, it’s clear we must start working to revive our economy and get the American people back to work safely.” The appointment follows hot on the heels of news that Loeffler sold off seven figures’ worth of personal stock …
The U.S., like much of the world, has closed most non-essential businesses and ordered citizens to stay at home in an attempt to combat the spread of COVID-19. When the time comes for United States governing bodies to reopen the country, the Bitcoin (BTC) price could be impacted. "Once U.S. businesses open up, the key to watch for BTC is how the broader equities market reacts, as Bitcoin has been correlated with them recently," Twitter crypto trader BigCheds told Cointelegraph in a direct message on April 15. "Bitcoin will continue to trade within its own broader channel, but we must …
The national debt of the United States has crossed $24 trillion for the first time in history as Donald Trump’s presidency adds $4 trillion in four years. According to figures from online monitoring resource Trading Economics, the tally now stands at $24.018 trillion as of April 9. The amount is equal to $72,888 for each U.S. citizen, or $193,805 per taxpayer. U.S. massive debt mountain mushrooms The almost incomprehensible size of national debt comes weeks after the Federal Reserve began an unprecedented money printing program. Providing $6 trillion of liquidity, the Fed led responses to the financial impact of the …
After inadvertently advertising Bitcoin (BTC) last week, United States President Donald Trump has now hinted that he expects oil to crash to just $9. In a press conference on March 31, Trump reiterated what has become a penchant for lower oil prices. Trump: $9 could “get you what you wanted” He was speaking amid talks with both Russia and Saudi Arabia, both of which plan to increase oil production this month despite the plunge in demand caused by coronavirus. WTI crude prices have lost more than 50% in the past 30 days alone. “Look, it’s $22, but it’s really much …
Bitcoin (BTC) gained ironic support from United States President Donald Trump on March 27 after he appeared to say he supported manipulating the dollar. In a press conference quoted by various Twitter commentators, including Blockstream CSO, Samson Mow, Trump defended the Federal Reserve printing more than $6 trillion. Trump: the dollar is “our money, our currency” “The beautiful thing about our country is $6.2 trillion — because it is 2.2 plus 4 — it’s $6.2 trillion, and we can handle that easily because of who we are, what we are,” he said. “It’s our money; we are the ones, it’s …