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Trump family gets 75% of crypto coin revenue, has no liability, new document reveals

Trump family gets 75% of crypto coin revenue, has no liability, new document reveals

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Donald Trump’s crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue. In what it calls the “World Liberty Gold Paper,” WLF said the Trump family will receive 22.5 […]

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Bitcoin hits highest level since July, boosting other coins and crypto-related stocks

Bitcoin hits highest level since July, boosting other coins and crypto-related stocks

Finance News

Avishek Das | Lightrocket | Getty Images The price of bitcoin neared $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the crypto sector. Bitcoin is up more than 9% over the past week and ether is up about 7%. Other popular coins have also rallied, with solana up close

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Trump-backed crypto coin misses 0 million sales target, raises less than million

Trump-backed crypto coin misses $300 million sales target, raises less than $12 million

Finance News

It’s been just over twenty-four hours since the launch of the Donald Trump-endorsed digital coin “WLFI,” and the token is failing to deliver on the ambitious fundraising goals set by its founding team. World Liberty Financial — which bills itself as a crypto bank where customers will be encouraged to borrow, lend and invest in

Trump-backed crypto coin misses $300 million sales target, raises less than $12 million Read More »

Harris PAC’s million contribution from Ripple’s Chris Larsen shows crypto industry warming to VP

Harris PAC’s $1 million contribution from Ripple’s Chris Larsen shows crypto industry warming to VP

Technology News

Chris Larsen, co-founder of Ripple. Source: YouTube SAN FRANCISCO — For months, crypto companies and their executives have been pouring tens of millions of Dollars into Donald Trump’s effort to win the White House. Chris Larsen isn’t one of them. The co-founder and chairman of Ripple recently contributed $1 million worth of XRP tokens, the

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Trump’s crypto coin goes on sale with Election Day just three weeks out

Trump’s crypto coin goes on sale with Election Day just three weeks out

Finance News

Collect Trump Cards Source: Collecttrumpcards.com With shares of his nascent social media business in the midst of a sharp rebound and with just three weeks until the presidential election, Donald Trump is bringing his latest proposed money-making endeavor to market, this time in crypto. On Tuesday, the former president and current Republican nominee aims to

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HSBC exec says there’s a lot of AI ‘success theater’ happening in finance

HSBC exec says there’s a lot of AI ‘success theater’ happening in finance

Finance News

Big technology companies are betting that a new wave of smaller, more precise AI models will be more effective when it comes to the needs of businesses in sectors like law, finance, and health care. Jaap Arriens | NurPhoto via Getty Images   LONDON — Increasingly many financial services firms are touting the benefits of artificial

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FTX creditors will make money on bankruptcy: .19 for every dollar

FTX creditors will make money on bankruptcy: $1.19 for every dollar

Finance News

Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal bankruptcy judge ruled Monday. Nearly two years after FTX spiraled into bankruptcy, a Delaware judge approved the company’s reorganization plan, which involves paying out more than $14 billion to customers of

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Goldman-backed Starling Bank hit with .5 million fine for financial crime prevention failures

Goldman-backed Starling Bank hit with $38.5 million fine for financial crime prevention failures

Finance News

The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images U.K. financial regulators hit British digital lender Starling Bank with a £29 million ($38.5 million) fine over failings related to its financial crime prevention systems. In a statement on Wednesday, London’s Financial Conduct Authority said it had fined Starling “for

Goldman-backed Starling Bank hit with $38.5 million fine for financial crime prevention failures Read More »

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