Author: MNK News
WASHINGTON (AP) — The Supreme Court is taking up one of the term’s most consequential cases, President Donald Trump’s executive order on birthright citizenship declaring that children born to parents who are in the United States illegally or temporarily are not American citizens. Trump plans to be in attendance.In arguments Wednesday, the justices will hear Trump’s appeal of a lower-court ruling from New Hampshire that struck down the citizenship restrictions, one of several courts that have blocked them. They have not taken effect anywhere in the country.A definitive ruling is expected by early summer. Trump will be the first sitting…
The U.S. Department of Justice announced charges Monday against 10 individuals tied to four “market maker” firms—Gotbit, Vortex, Antier, and Contrarian—accused of manipulating digital asset prices through so-called “pump-and-dump” schemes. Federal prosecutors allege the defendants conspired to artificially inflate trading volumes and cryptocurrency prices before selling to “unwitting investors” at inflated values. “These so-called pump-and-dump schemes caused losses to investors in the United States and elsewhere,” prosecutors said, noting that authorities have seized more than $1 million in cryptocurrency. Three defendants, including senior executives, were extradited from Singapore and appeared before U.S. District Court Judge Araceli Martínez-Olguín in Oakland, while…
Crypto markets rallied on Wednesday as oil momentarily slipped below $100 per barrel after U.S. President Donald Trump said the war in Iran will end in “two to three weeks.”Bitcoin BTC$68,596.08 trades at $68,500 having risen by 0.4% since midnight UTC and 3.1% over the past 24 hours, while ether (ETH) is back at $2,130 after a brief stint below $2,000 last week.The broader crypto market remains in a downtrend dating back to October, although sentiment has shifted slightly following a period of consolidation between $62,500 and $75,000 since early February.A selection of altcoins have performed particularly well, notably algorand…
In brief The DOJ has charged 10 individuals connected to firms Gotbit, Vortex, Antier, and Contrarian with cryptocurrency market manipulation. The charges stem from an FBI sting operation that saw the agency create several crypto tokens to identify the alleged schemes. Three defendants were extradited from Singapore; two have already pled guilty. The U.S. Department of Justice announced charges Monday against 10 individuals tied to four “market maker” firms—Gotbit, Vortex, Antier, and Contrarian—accused of manipulating digital asset prices through so-called “pump-and-dump” schemes.Federal prosecutors allege the defendants conspired to artificially inflate trading volumes and cryptocurrency prices before selling to “unwitting investors”…
Bitcoin price started a recovery wave above $67,500. BTC is now consolidating below $68,800 and might struggle to continue higher. Bitcoin started a recovery wave above $67,000 and $67,200. The price is trading above $67,000 and the 100 hourly simple moving average. There is a rising channel forming with resistance at $68,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $68,500 and $68,800 levels. Bitcoin Price Eyes Recovery Bitcoin price formed a base above $65,500 and started a recovery wave. BTC was able to settle…
WASHINGTON (AP) — President Donald Trump entered his war of choice against Iran without consulting global allies, but as he weighs an exit from the conflict, he is making it clear that he is expecting the world to help him fix the unintended damage that it has caused.Trump is taking an increasingly annoyed tone toward Europe’s lack of support for the U.S.-Israeli war effort. He also is giving short shrift to the fact that his decision contributed to disrupting the flow of oil to global markets through the crucial Strait of Hormuz, which Iran has managed to largely choke off…
The crypto market seemed to have found its floor, but it took another downturn over the last week. The Iran war has driven investors toward safer assets, and there are concerns that the Federal Reserve will raise interest rates, which could reduce cryptocurrency demand. Market crashes are stressful, but they’re a part of investing. Knowing how to handle them can make the difference between taking a significant loss or potentially coming out ahead when the dust settles. Image source: Getty Images. Most importantly, don’t panic sell. If seeing your crypto portfolio in the red stresses you out, you may be…
The crypto market seemed to have found its floor, but it took another downturn over the last week. The Iran war has driven investors toward safer assets, and there are concerns that the Federal Reserve will raise interest rates, which could reduce cryptocurrency demand. Market crashes are stressful, but they’re a part of investing. Knowing how to handle them can make the difference between taking a significant loss or potentially coming out ahead when the dust settles. Image source: Getty Images. Most importantly, don’t panic sell. If seeing your crypto portfolio in the red stresses you out, you may be…
Jed McCaleb, the founder of Ripple and Stellar (XLM), has announced plans to redirect a whopping $1 billion from his XRP fortune into a new investment outside the cryptocurrency space. The crypto founder and Silicon Valley billionaire is now turning his focus toward Artificial General Intelligence (AGI), aiming to build an AI system based on the human brain. Ripple Founder To Invest $1 Billion Into AI Research In an interview with Forbes, McCaleb disclosed plans to allocate approximately $1 billion from his estimated $3.9 billion in XRP holdings to fund efforts focused on AGI. The move comes after he previously…
March 30 (UPI) — Amazon MGM Studios had to pause filming on its much-anticipated new series Tomb Raider, starring Sophie Turner. On Monday, in a statement to Deadline the studio said “Sophie Turner recently experienced a minor injury. As a precaution, production has briefly paused to allow her time to recover. We look forward to resuming production as soon as possible.” A spokesperson confirmed the injury to the BBC, but did not say whether it happened on set or off. In January, the studio released a photo of Turner in her Lara Croft gear. Turner’s casting as the popular video…