Author: Leslie Stewart

Michael Saylor, the CEO of MicroStrategy, has forecast that Bitcoin could soar to $100,000 by December 2024, attributing this growth to the upcoming political landscape influenced by the US election. During a November 14 interview with CNBC, Saylor emphasized the importance of the election, noting, “The 2024 election is the biggest thing that has happened to Bitcoin in the last four years.” He even plans to celebrate with a $100,000 party at his home on New Year’s Eve, stating that he wouldn’t be surprised if his company expended at least that amount in November or December. Saylor Remains Optimistic Amid…

Disclosure: The opinions expressed in this article are solely those of the authors and do not reflect the views of crypto.news editorials. For many years, the promise of cryptocurrencies has fascinated countless individuals, suggesting a revolution in global finance. However, despite this excitement, considerable challenges remain that hinder widespread acceptance. The primary obstacle is a general unfamiliarity with cryptocurrency concepts. Recent market studies indicate that nearly half of surveyed individuals globally have never engaged in cryptocurrency trading or investment because they do not comprehend its functionality. In the U.S. specifically, more than 60% express a lack of trust in the…

Senator Sherrod Brown, who leads the Senate Banking Committee, has taken on an array of influential lobbyists and industries throughout his career. Now, he seems poised for one last stand in his quest to bring oversight to the cryptocurrency sector. The industry has heavily funded the campaign of Republican Bernie Moreno, who unseated Brown in the recent elections, contributing $40 million to Moreno’s efforts. Cryptocurrency advocates have worked diligently across party lines to maintain a lack of regulation in their sector, supporting candidates from both sides. Notably, Democrat Elissa Slott recently won a Senate seat in nearby Michigan with assistance…

On November 6, 2024, the Bank of England reported from the City of London, a hub for business and finance that is often simply called “the City” and informally known as the Square Mile. (Photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Photography | Getty ImagesThe British economy showed weaker-than-expected performance in the third quarter of this year, recording only slight growth following a strong start to the year, according to preliminary data released on Friday.The Gross Domestic Product (GDP) growth for the quarter ending in September was merely 0.1%, falling short of the 0.2% increase anticipated…

The 2024 Latin Grammy Awards have arrived, marking a significant milestone as they celebrate their 25th anniversary, honoring the finest in Latin music performed in Spanish and Portuguese.The ceremony, held on Thursday at Miami’s Caseya Center—often seen as the heart of Latin culture in the U.S.—featured dazzling performances that underscored the remarkable rise of Latin music in recent years, currently the fastest-growing genre in streaming in the country.This year, the Latin Recording Academy reported over 700 artist nominations across 58 categories, as stated by CEO Manuel Abdo.Dominican merengue and bachata legend Juan Luis Guerra emerged as the evening’s biggest winner,…

On Thursday, the Bureau of Labor Statistics reported a modest increase in wholesale prices for October, aligning closely with projections and hinting at the possibility of further interest rate cuts by the Federal Reserve in December.The producer price index (PPI), which reflects the revenue producers receive for their goods, saw a seasonally adjusted rise of 0.2% for the month, marking a slight uptick from September but matching the consensus estimates by Dow Jones. Year-over-year, wholesale inflation stands at 2.4%.When excluding food and energy, the Core PPI increased by 0.3%, which is also a tenth higher than September figures and consistent…

“`html Internet Explorer 11 is no longer supported. For an optimal viewing experience, we recommend using a different web browser. Currently Playing Durbin appeals to House Ethics Committee to retain report on Matt Gaetz 01:14 Next up Biden greets Trump in the Oval Office, considers Gaetz for Attorney General 04:12 Recount anticipated in Pennsylvania Senate race between Casey and McCormick 05:37 NBC News forecasts GOP gaining control of the House 04:31 Republican Senate elect John Thune named majority leader 02:41 Biden emphasizes peaceful power transfer during meeting with Trump 03:21 Special report: Biden meets Trump at the White House prior…

Disclosure: The opinions expressed here are those of the authors and do not reflect the views of crypto.news editorials. The online food delivery sector is expected to reach a whopping $1.85 trillion by 2029. This growth is beneficial for everyone — from restaurants to food lovers. However, the current Web2 food delivery landscape is fraught with issues, primarily due to the interference of middlemen complicating transactions for all parties involved. Fortunately, this scenario presents a prime opportunity for Web3 technology and decentralized physical infrastructure networks, placing Web3 at the forefront of a service model embraced by billions globally. The Problem…

Support for Internet Explorer 11 has been discontinued. To ensure an optimal viewing experience, we recommend using a different web browser to access our site.Current VideoSpecial Report: Biden Hosts Trump at the White House Before Transition08:35Next VideoKey Meeting: Biden and Trump at the White House Transition01:49Biden Meets Israeli President at the White House04:33Biden Commemorates Veterans Day at Arlington National Cemetery01:55Biden Promises Peaceful Transfer of Power Amid Democratic Election Discourse01:59Biden Acknowledges Trump’s Victory: ‘I Accept the Choice My Country Made’06:05Impact of Biden on the 2024 Election01:30White House Confirms Biden’s Attendance at Inauguration Regardless of Election Outcome00:48White House Spokesperson Addresses Biden’s ‘Trash’…

On Wednesday, the Bureau of Labor Statistics announced that inflation has picked up in October, aligning closely with Wall Street projections.The consumer price index (CPI), which reflects the prices of a range of goods and services, saw a month-on-month increase of 0.2%. This brought the annual inflation rate to 2.6%, which is an uptick of 0.2 percentage points since September.Both aspects of this report matched Dow Jones estimates.When excluding volatile categories like food and energy, the rise was more significant. The core CPI increased by 0.3% for the month, leading to an annualized rate of 3.3%, also in line with…