Thursday, August 13

Tag: Cryptocurrencies

1Jul By AdminsNo Comments

Donald Trump rakes in $1.7 billion from crypto companies

US President Donald Trump made more than $1.7 billion from his cryptocurrency businesses last year, even as he dismantled strict regulations around the industry from the White House. Trump’s newly released annual financial disclosure report shows he made more than $US600 million from his business CIC Digital LLC, which oversees the president’s $TRUMP “meme” coins and digital NFT trading cards. Donald Trump reported a major increase in income from cryptocurrency in 2025. AP Another business, World Liberty Financial, made more than $US500 million selling crypto products such as “governance tokens” - the crypto equivalent to company shares. The crypto income from those two businesses totalled about $US1.2 billion, or $1.74 billion. Trump has repeatedly claimed h...
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29Jun By AdminsNo Comments

Bitcoin price has fallen by 50 per cent in less than a year. Why?

Nearly a year ago, bitcoin reached its highest ever price as it surged to over $US124,000 in value. It was a stunning rise, given many thought its time had come and gone when it soared and then fell in and around 2022. Several factors are leading to Bitcoin's fall from grace. AAP However, it has now plummeted by more than half, falling by 19 per cent in the last month alone, according to tracking website CoinMarketCap. The market cap or total dollar value for cryptocurrencies overall has also fallen rapidly this year, losing nearly $500 billion. It has been a stark fall, especially given how US President Donald Trump pledged to support the crypto industry, and as parts of the technology sector are climbing. Elon Musk's SpaceX was recently publicly traded...
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