Bitcoin Hits Another Milestone, Topping $77K for First Time; Funding Rates Suggest Crypto Rally Can Keep Going

November 8, 2024 Leave a Comment

Cryptocurrency price milestones continue to topple in the aftermath of Donald Trump’s election victory, as bitcoin on Friday surpassed $77,000 for the first time

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Bitcoin price tops $100,000 for first time as Trump win fuels crypto fever December 5, 2024
Largest cryptocurrency, prone to volatile market surges, lifts amid hopes of lighter regulation with Trump’s returnBitcoin has crossed $100,000 for the first time, scaling a fresh record high amid a euphoric rally sparked by Donald Trump’s election victory.The world’s largest and most valuable cryptocurrency – prone to volatile market surges and routs – has been […]
Global investigation exposes alleged billion-dollar Russian money-laundering network December 4, 2024
UK and foreign law enforcement agencies say networks laundered cash and cryptocurrencies for organised crime gangs across the westOperatives said to be behind a billion-dollar Russian money-laundering network – used by drug dealers, financial criminals and foreign spies – have been sanctioned and arrested in a coordinated international investigation led by the National Crime Agency.The […]
Guardian Essential report: do voters’ views on housing and wages spell trouble for Labor? - podcast December 4, 2024
Guardian Australia’s chief political correspondent, Paul Karp, and Essential Media’s executive director, Peter Lewis, discuss the public’s disappointment with Labor’s handling of the housing crisis and what that means for the party in the lead-up to a federal election Continue reading...
Alex Mashinsky: founder of bankrupt crypto firm to plead guilty to fraud December 3, 2024
Mashinsky, 59, who led Celsius and was charged last year on seven criminal counts, agrees to plead guilty to twoAlex Mashinsky, the founder of bankrupt cryptocurrency lender Celsius Network, said on Tuesday he intends to plead guilty to two counts of fraud.The former CEO, 59, was indicted in July last year on seven counts of […]
‘It’s almost dirty money’: the older generation of crypto investors benefiting from the ‘Trump pump’ November 30, 2024
Some say they used bitcoin or Dogecoin to help reach goals such as affording to have a child or buy a houseMiles, a 37-year-old NHS doctor from London, has been trying to persuade friends to buy cryptocurrencies for years. In recent weeks, the “Trump pump” to crypto prices has left them envious. “They have watched […]

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Four of UK’s oldest nuclear plants to run for even longer as Hinkley Point delayed December 4, 2024
EDF extends life of reactors to ‘boost energy security’ and bridge gap before new Somerset project starts upFour of Britain’s oldest nuclear power plants will continue running for more than a decade longer than initially planned to help bridge a gap before the delayed Hinkley Point nuclear station starts up.The owner of Britain’s nuclear plants, […]
South Western Railway to become first train operator nationalised under Labour December 4, 2024
As part of a comprehensive programme of renationalisation, the service will come under public ownership in MaySouth Western Railway will be the first train operator nationalised under the Labour government, ministers have announced.One of the UK’s biggest commuter services, which operates out of London Waterloo, it will be taken into public hands in May. Continue […]
Ministers considering renationalising British Steel if rescue plan fails December 3, 2024
Exclusive: Move would be last-ditch attempt to save thousands of UK jobs amid standoff with company’s Chinese ownersMinisters are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company’s Chinese owners over a £1bn investment.Jonathan Reynolds, the business secretary, is locked in talks […]
Mark Zuckerberg seeks ‘active role’ in Trump tech policy December 3, 2024
Top Meta lieutenant says company ‘overdid it a bit’ on moderation after CEO’s dinner at Mar-a-LagoMark Zuckerberg and Donald Trump, who have previously engaged in bitter public feuds, are now warming to each other as Zuckerberg seeks to influence tech policy in the incoming administration.The Meta CEO dined at the president-elect’s Mar-a-Lago club in Florida […]
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The craven stance of Tesla’s board should not be lost in the legal back-and-forthThe first time around, judge Kathaleen McCormick of the Delaware court of chancery got it right. The $56bn pay package awarded by Tesla to Elon Musk in 2018 was indeed a governance abomination, a stitch-up in which ordinary shareholders weren’t told about […]
Chargers are key to the electric vehicle transition | Letters December 3, 2024
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The global shipping industry is on a path to net zero | Letters December 3, 2024
Mark Dickinson of the Nautilus International trade union responds to an editorial about the environmental harm caused by cruise shipsYour editorial on cruise ships (26 November) asserts that the International Maritime Organization’s carbon-reduction targets “do not put it on a path to net zero”. We disagree. In July 2023, the IMO adopted a revised greenhouse gas […]
Man has ‘finely tuned’ plan to find £500m bitcoin thrown in tip, Cardiff court told December 3, 2024
James Howells seeking go-ahead to search for hard drive that was accidentally thrown into landfill in 2013For more than a decade, a computer expert from Newport in south Wales has doggedly fought to recover £500m of bitcoin he says was accidentally thrown into a council tip.James Howells’ bid to become extremely rich reached a judge […]
Trump says he will block Nippon Steel’s $14.9bn bid to acquire US Steel December 3, 2024
Acquisition of Pittsburgh-based steel producer by Japanese company has faced opposition from steelworkers and BidenDonald Trump said on Monday that he intends to block Japan’s Nippon Steel’s $14.9bn bid to acquire US Steel in a move that will fuel further fears about a global trade war when the Republican returns to the White House next […]
Meloni says Italy aims to protect jobs after CEO of Fiat owner Stellantis quits December 3, 2024
Company is at loggerheads with Italian government, which claims it has not invested enough in the countryBusiness live – latest updatesThe Italian prime minister, Giorgia Meloni, has said her government will try to protect jobs as political tensions mount with Fiat maker Stellantis after the abrupt resignation of its chief executive.Meloni said she would attempt […]

Bitcoin Hits Another Milestone, Topping $77K for First Time; Funding Rates Suggest Crypto Rally Can Keep Going

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