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Trump Ally Proposes Selling Gold Reserves to Buy Bitcoin, US to Establish "Strategic Bitcoin Reserve"?
Trump Ally Proposes Selling Gold Reserves to Buy Bitcoin, US to Establish "Strategic Bitcoin Reserve"?Amidst Trump's upcoming bid for a second term in the next Congress, his ally, US Senator Cynthia Lummis, has put forward a bold proposal: to establish a "strategic bitcoin reserve" as proposed by Trump, by selling off a portion of the Federal Reserve's gold reserves and using the proceeds to purchase Bitcoin. This plan has sparked heated debate, and market reaction to the proposal has been mixed...
Blockchain 2024-11-15 16:48:31 -
Is Trump Really Good for Bitcoin? Wall Street Journal Columnist: The Three Reasons for Bitcoin Bullishness Are All Wrong
Is Trump Really Good for Bitcoin? Wall Street Journal Columnist: The Three Reasons for Bitcoin Bullishness Are All WrongSince the night of the US presidential election, the price of Bitcoin has skyrocketed, adding nearly $500 billion in market value in less than two weeks, a near one-third increase. However, some market analysts believe that Trump's policies on cryptocurrency may not be good news, and may even lead to an outflow of funds from the Bitcoin market...
Blockchain 2024-11-15 16:26:11 -
Hong Kong-listed companies "go crazy" for crypto: Boyaa Interactive sees over HK$700 million in paper profits, but risks remain
Hong Kong-listed companies "go crazy" for crypto: Boyaa Interactive sees over HK$700 million in paper profits, but risks remainWhile it's not uncommon for publicly listed companies to invest in stocks, especially those with ample cash reserves, it's less common to see them heavily investing in cryptocurrencies. Following Donald Trump's election as US President, Bitcoin has surged, recently hitting a record high of over US$90,000...
Blockchain 2024-11-15 16:04:55 -
State Grid Gansu Electric Power Applies for Patent on "Blockchain-Based Power Core Data Traceability System" to Build a Safe and Reliable Power Data System
State Grid Gansu Electric Power Applies for Patent on "Blockchain-Based Power Core Data Traceability System" to Build a Safe and Reliable Power Data SystemFinancial World, November 15, 2024 - According to information from the State Intellectual Property Office, State Grid Gansu Electric Power Company has applied for a patent titled "A Blockchain-Based Power Core Data Traceability System", with a publication number of CN118944957A, and an application date of August 2024.This patent aims to address the existing problems of complex traceability paths, data privacy tampering, and leakage in current power data traceability methods...
Blockchain 2024-11-15 13:59:08 -
Shenzhen Yunxi Valley Technology Applies for Patent on "Embedded Product Test Data Management Method and System" to Enhance Blockchain Storage Efficiency
Shenzhen Yunxi Valley Technology Applies for Patent on "Embedded Product Test Data Management Method and System" to Enhance Blockchain Storage EfficiencyFinancial World, November 15, 2024 - The National Intellectual Property Administration (CNIPA) information shows that Shenzhen Yunxi Valley Technology Co., Ltd...
Blockchain 2024-11-15 13:45:50 -
Trump Ally Proposes Selling Gold to Buy Bitcoin, Could the US Build a Crypto Reserve?
Trump Ally Proposes Selling Gold to Buy Bitcoin, Could the US Build a Crypto Reserve?Republican Senator Cynthia Lummis from Wyoming plans to push a proposal named the BITCOIN Act in the next Congress, which would require the US government to purchase 1 million Bitcoins, representing nearly 5% of the cryptocurrency's circulating supply. This proposal has sparked widespread discussion, becoming a prominent issue in American politics...
Blockchain 2024-11-15 13:21:52 -
The Lummis Proposal: Selling Fed Gold to Buy a Million Bitcoins
The Lummis Proposal: Selling Fed Gold to Buy a Million BitcoinsSenator Cynthia Lummis, a Republican from Wyoming, plans to introduce a bill in the next Congress that would sell a portion of the Federal Reserve's gold reserves to create a strategic Bitcoin reserve. The legislation would require the US to purchase 1 million Bitcoin, representing nearly 5% of the outstanding coins...
Blockchain 2024-11-15 11:47:12 -
Lenovo's Smartphone Business Shows Strong Growth, Q2 Revenue Up Nearly 24% Year-on-Year
Lenovo's Smartphone Business Shows Strong Growth, Q2 Revenue Up Nearly 24% Year-on-YearAccording to recent data from market research firm IDC, Lenovo's smartphone business has entered the top five in global markets (excluding China) in terms of total revenue. Meanwhile, research from TechInsights for the third quarter of 2024 indicates that Lenovo-Motorola witnessed the fastest growth among the top ten global smartphone manufacturers with a 26% shipment increase, propelling them to the seventh position globally...
Mobile Internet 2024-11-15 11:20:30 -
Nubia Z70 Ultra Officially Announced: Launching on November 21st, Featuring a Hole-less Full-Screen Display and the Nebula AIOS System to Usher in a New Wave of Technology
Nubia Z70 Ultra Officially Announced: Launching on November 21st, Featuring a Hole-less Full-Screen Display and the Nebula AIOS System to Usher in a New Wave of TechnologyNubia officially announced on November 14th that its newest flagship model, the Z70 Ultra, will be officially launched on November 21st, 2024 at 2 PM. As Nubia's most anticipated product of the year, the Z70 Ultra will lead the mobile industry into a new era of technology with its groundbreaking hole-less full-screen design, powerful hardware configuration, and the first-ever Nebula AIOS system...
Mobile Internet 2024-11-15 10:35:56 -
The US Establishing a Bitcoin Strategic Reserve: Low Probability, But Potentially A Global Crypto Boom
The US Establishing a Bitcoin Strategic Reserve: Low Probability, But Potentially A Global Crypto BoomProminent cryptocurrency investors believe that the chances of the US establishing a Bitcoin strategic reserve are very low, but if it happens, it could force other countries to buy Bitcoin and potentially trigger a massive surge in global cryptocurrency prices.Michael Novogratz, billionaire CEO of cryptocurrency investment firm Galaxy Digital, says the chances of the US establishing a Bitcoin strategic reserve along the lines of what President-elect Trump proposed are low...
Blockchain 2024-11-15 08:31:34 -
Tesla CEO Elon Musk Forms "Department of Government Efficiency": Seeking "Revolutionaries" to Cut Budget, No Pay!
Tesla CEO Elon Musk Forms "Department of Government Efficiency": Seeking "Revolutionaries" to Cut Budget, No Pay!Tesla CEO Elon Musk announced on Thursday the formation of an advisory committee called "Department of Government Efficiency" (DOGE) aimed at providing recommendations for cutting the federal budget. Co-led by Musk and Republican presidential candidate Vivek Ramaswamy, the committee has pledged to recruit "revolutionaries" to tackle this "monumental task...
Industry dynamics 2024-11-15 07:50:17 -
The iQOO Neo10 series is about to be released: 120W fast charging, large battery, thin and light body, a new benchmark for performance flagships
The iQOO Neo10 series is about to be released: 120W fast charging, large battery, thin and light body, a new benchmark for performance flagshipsRecently, iQOO officially started the preheating of the new iQOO Neo10 series. This highly anticipated new phone will soon meet with everyone...
Mobile Internet 2024-11-14 22:00:07
