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Digital Currency Revolution

$250B Bitcoin Reserve? Pompliano’s Vision to Make US the King of Crypto

Nov 20, 2024 00:18 am UTC| Digital Currency Technology Business Politics

Anthony Pompliano has called on the U.S. to allocate $250 billion for a Bitcoin Strategic Reserve, arguing it could stabilize the dollar and establish America as the worlds largest Bitcoin holder, a crucial step as global...

Digital Currency Revolution

Trump Names Crypto Champion Howard Lutnick as Commerce Secretary, Signaling Digital Shift

Nov 19, 2024 23:13 pm UTC| Digital Currency Technology Business Politics

In a move signaling support for the cryptocurrency industry, President-elect Donald Trump has chosen Howard Lutnick, a vocal crypto advocate and CEO of Cantor Fitzgerald, as Secretary of Commerce. Lutnicks appointment...

Ram’s First Electric Pickup Delayed Again: 1500 REV Aims to Redefine EV Trucks in 2025

Nov 19, 2024 22:33 pm UTC| Technology Business

The highly anticipated Ram 1500 REV, a flagship in electric pickups, wont roll out until 2025. Stellantis has delayed the truck to prioritize quality, citing an ambitious workload as the company develops its...

US under Trump Series

Federal Workers Fear Mass Firings as Trump, Musk, and Ramaswamy Promise Government Overhaul: 'Billions Could Be Cut!'

Nov 19, 2024 22:13 pm UTC| Economy Business Politics

More than 2 million federal employees across the United States are bracing for potential upheaval as President-elect Donald Trumps administration signals a sweeping overhaul of government operations. Led by tech mogul Elon...

Huawei’s AI Chip Struggles: 7nm Tech Falls Generations Behind NVIDIA Due to US Sanctions, TSMC Blockade

Nov 19, 2024 22:11 pm UTC| Technology Business Economy

Huaweis AI chip development faces a significant roadblock as US sanctions limit access to TSMCs advanced chip technologies. Struggling to move beyond 7nm tech, Huawei trails NVIDIA, widening the gap in AI hardware...

Clinton and Yellen Stand Against Trump's Budget Ax: 'The CDFI Fund Must Be Preserved at All Costs'

Nov 19, 2024 22:10 pm UTC| Economy Business Politics

In a pivotal moment highlighting the ideological divide in Washington, former President Bill Clinton and Treasury Secretary Janet Yellen came together on Thursday to celebrate the 30th anniversary of the Community...

Wall Street in Shock! US-Russia Fright Fades as All Eyes Turn to Nvidia Earnings Bombshell

Nov 19, 2024 22:07 pm UTC| Economy Business

Geopolitical unease that rippled through global markets on Tuesday showed signs of waning as Asian trading kicked off Wednesday with a renewed focus on Nvidias upcoming earnings report. With heightened investor...

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Economy

Oil Prices Soar to 2-Week High as Russia Fires Hypersonic Missiles, Escalating Ukraine Conflict

Oil prices surged about 1% on Friday, hitting a two-week high as Russia escalated its war in Ukraine by deploying hypersonic missiles, amplifying geopolitical risks in the market. Brent crude settled at $75.17 per barrel,...

Amazon's $4 Billion Anthropic Deal Supercharges AI Race Against Microsoft and Google

Amazon has supercharged the AI race by investing $4 billion in Anthropic, doubling its investment to challenge Microsoft and Google in the competitive generative AI landscape. The partnership leverages Amazons cloud...

FxWirePro- Major economic events for the day

Date Time Currency Event Actual Forecast Previous Fri Nov...

Global Currency Shuffle: Euro Dips, Yen Recovers, and Markets Await Key Economic Signals

The euro lost its shine against the US dollar due to strong US economic data and dovish comments from ECB members. It hit a fresh year-low yesterday and is hovering around that level. Yannis Stournaras from the European...

Fed's Goolsbee Expects Rates to Drop 'Fair Bit Lower,' Cautions on Slowing Cuts

Chicago Fed President Austan Goolsbee said Thursday he anticipates interest rates will end up considerably lower within the next year. He cautioned that the Federal Reserve may need to decelerate rate cuts amid...

Politics

Crypto Rules Shakeup: Trump-Tied SEC Candidate Hints at Clearer Path After Gensler’s Sudden Exit

Republican SEC Commissioner Mark Uyeda is positioning himself as a crypto advocate amid discussions of regulatory clarity. Speculation is mounting that President-elect Donald Trump may nominate Uyeda to replace Gary...

China's Hackers Poised for Conflict Within US Networks, Cyber Official Warns

Chinese hackers are positioning themselves within U.S. critical infrastructure IT networks to gain an advantage in case of major conflict, a top U.S. cybersecurity official revealed Friday, emphasizing escalating cyber...

Senator Lummis Pushes for 1M BTC in US Reserve to Slash Debt, Preserve Dollar Dominance

Senator Cynthia Lummis has proposed adding Bitcoin to the U.S. strategic reserve to slash national debt and stabilize the economy. Highlighting BTCs deflationary value, the senator sees it as a hedge against inflation and...

What’s Driving Charles Schwab Toward Spot Crypto Trading? Trump’s Regulatory Shift and $100K Bitcoin Answer

Charles Schwab is poised to enter the spot crypto market as Trumps administration signals regulatory reforms. With Bitcoin nearing $100,000 and competition heating up, Schwab aims to seize the moment and expand its crypto...

Jeb Bush Sparks Uproar by Praising Trump’s AG Pick Pam Bondi: ‘A Bold and Unexpected Move!’

Former Florida Governor Jeb Bush has publicly extended his congratulations to Pam Bondi, Donald Trumps nominee for Attorney General, reigniting political debates across social media. Bondi, who previously served as...

Science

Why does everything look flat even though the Earth is round?

Ever since the ancient Greeks first made observations of the circular Moon and the skies, scientists have known that the Earth is a sphere. Weve all seen beautiful images of the Earth from space, some photographed by...

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Technology

Xiaomi's Second Electric SUV to Challenge Tesla Model Y in Q1 2025, Report Reveals

Xiaomi is gearing up to launch its second electric SUV, the MX11, in February or March 2025, according to reports. The upcoming model is positioned as a competitor to Teslas Model Y and will likely feature Xiaomis hallmark...

$18 XRP Prediction Gains Traction as Wave 3 Builds Toward $5 Surge Before 2024

XRP is poised for a major surge, with analysts forecasting a jump to $18 by mid-2025. Elliot Wave projections show a $5 rally before year-end, fueled by bullish market sentiment and strong momentum. XRP Rally to $18:...

Shiba Inu in Trouble? 33 Trillion SHIB Could Fall If $0.000022 Support Breaks

Shiba Inu is on the brink of a decisive move as it consolidates within a triangle pattern. The critical $0.000022 support, tied to 33 trillion SHIB, is weakening. Resistance at $0.000025 and shifting market sentiment add...

Ether Price Rises Despite $1.3B Whale Sell-Off, Targets $3,700 Breakout

Ethers price continues to climb despite significant selling pressure from whales unloading over $1.3 billion in holdings. Investors anticipate a rally toward the $3,700 resistance level, buoyed by Bitcoins surge past...

Solana Hits $262 ATH Amid $35M Whale Buys—Could $5,000 Be Next?

Whale investors snapped up $35 million in Solana, driving the token to a new all-time high of $262. With growing excitement around a potential Solana ETF, analysts speculate that a climb to $5,000 might be on the...