Author: Journalist
Cryptocurrency surges to new high after Paul Atkins is nominated to head the Securities and Exchange Commission.Bitcoin has topped $100,000 for the first time, buoyed by United States President-elect Donald Trump’s decision to nominate a cryptocurrency advocate to lead the country’s securities regulator. The world’s most popular cryptocurrency peaked above $103,000 on Thursday, prompting cheers from crypto enthusiasts, who have seen their holdings more than double in value this year. “What an epic milestone,” Anthony Pompliano, a crypto enthusiast and founder and CEO of Professional Capital Management, said in a video posted on X. “There are so many people around…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bitcoin has surged above $100,000 for the first time, extending a dramatic rally as investors bet on greater political and regulatory support from US president-elect Donald Trump.The price of the world’s largest cryptocurrency climbed as much as 6.1 per cent on Thursday to $103,800, up more than 50 per cent since Trump’s November election victory.On Wednesday, the former president nominated crypto advocate Paul Atkins to run the Securities and Exchange Commission, the main market regulator, raising hopes for a more favourable regulatory…
SINGAPORE – Bitcoin rose above US$100,000 for the first time after US President-elect Donald Trump picked a crypto proponent to be the next head of the US securities regulator. The world’s largest digital asset rose more than 3 per cent to US$101,555 in Asian trading on Dec 5. Bitcoin has more than doubled in 2024 and is up about 45 per cent in the four weeks since Trump’s sweeping election victory on Nov 5. The crypto market overall has jumped by roughly US$1.4 trillion (S$1.88 trillion) since Trump’s US election victory on Nov. 5 on a platform that includes a…
Bitcoin hit a record high above $100,000 on Thursday as the election of Republican Donald Trump as U.S. president fuels expectations that his administration will usher in a friendly regulatory environment for cryptocurrencies. The world’s largest cryptocurrency was last trading at $103,225 . Since Trump’s win on Nov. 5, the price has surged around 45 per cent, driven by a swathe of buying that has poured capital into U.S. bitcoin-backed exchange-traded funds. COMMENTS:SHOKI OMORI, CHIEF JAPAN DESK STRATEGIST, MIZUHO SECURITIES, TOKYO”Individual investors must be excited to see the BTC price top $100,000 following the news of Paul Atkins being nominated…
The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening.By Thursday afternoon, the flagship cryptocurrency pulled back from the milestone. It was recently higher by 0.28% at $99,140.00, according to Coin Metrics, trading at the lows of Thursday’s trading following some profit taking by investors. On Wednesday night, it rose as high as $103,844.05.The move came after President-elect Donald Trump announced plans to nominate Paul Atkins as chair of the Securities and Exchange Commission. The appointment could fulfill Trump’s most important campaign promise to the crypto industry: to replace Gary Gensler, who…
Bitcoin rose above US$100,000 for the first time on Thursday (Dec 5) as the election of Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. Bitcoin has more than doubled in value this year and is up about 45 per cent in the four weeks since Trump’s sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress. It last traded at US$100,027 as of 02.40 GMT, up 2.2 per cent on the previous session, after earlier rising as high as US$100,277. “We’re witnessing…
PRESIDENT-ELECT Donald Trump’s pick of a crypto proponent to be the next head of the US securities regulator lifted Bitcoin to within a whisker of a record US$100,000 as traders warmed to the prospect of relaxed regulations.The largest digital asset rose more than 3 per cent to US$99,226 at one point in the US on Wednesday (Dec 4) before easing to US$98,451 early in Asian trading on Thursday. The crypto market overall has jumped by roughly US$1.4 trillion since Trump’s US election victory on Nov 5 on a platform that includes a tight embrace of crypto. Trump selected Paul Atkins to…
RHB Bank Singapore analyst Shekhar Jaiswal has kept “neutral” on Raffles Medical Group BSL (RMG) with a lower target price of 90 cents after fine-tuning and trimming the company’s FY2024 to FY2026 earnings by 12%-7%.This is largely to account for slower reduction in the company’s insurance business losses. During its 1HFY2024 ended June results briefing, RMG noted that it expects a strong ramp-up in its insurance business in the coming years. RHB believes this will be aided by more people taking up private healthcare insurance to cover the rising healthcare costs. Nevertheless, the company guided that if the current business situation…
TAIPEI, Dec. 5, 2024 /PRNewswire/ — Binance, the global blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, is delighted to announce its return as the official Gold Sponsor of the 2024 Taipei Blockchain Week. Marking its third annual event, Taipei Blockchain Week is expected to attract over 6,000 participants from around the globe this year. Vishal Sacheendran, Binance’s Head of Regional Markets, will be making his first public appearance in Taiwan and speaking at the event. Following an overwhelmingly positive feedback from the community last year,…
BEIJING – The tycoon behind China’s RoyalFlush trading app has added US$6 billion (S$8 billion) to his wealth since the nation’s stimulus blitz in September, underscoring how the volatility has been a boon for an elite few. Mr Yi Zheng, an engineering graduate who founded the entity behind Hithink RoyalFlush Information Network in 1994, four years after China’s stock exchanges opened, is overseeing his company’s best share performance in half a decade after trading of mainland stocks surged. While Mr Yi’s fortune is up 190 per cent since the announcements, it is not yet clear if the sweeping measures will…