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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 -
The Foldable Phone Market to Explode in 2024: IDC Predicts 22% Year-on-Year Growth
The Foldable Phone Market to Explode in 2024: IDC Predicts 22% Year-on-Year GrowthMarket research firm IDC recently tweeted that it predicts global foldable phone shipments will grow by 22% year-on-year in 2024, more than three times the growth rate of all smartphone shipments (5.8%)...
Mobile Internet 2024-11-15 16:25:19 -
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 -
Blockchain Holdings Applies for Digital Signature Acquisition Patent to Enhance Data Security and Credibility
Blockchain Holdings Applies for Digital Signature Acquisition Patent to Enhance Data Security and CredibilityFinancial World, November 15, 2024 According to the National Intellectual Property Administration, Blockchain Holdings Co., Ltd...
Blockchain 2024-11-15 13:59:30 -
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 -
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 -
US Senator Proposes Selling Fed Gold to Fund Trumps Bitcoin Strategy Reserve
US Senator Proposes Selling Fed Gold to Fund Trumps Bitcoin Strategy ReserveOn November 15th, a Senate ally of US President-elect Donald Trump proposed a plan to fund the presidents proposed Bitcoin strategic reserve without increasing the government deficit. Republican Senator Cynthia Lummis of Wyoming plans to introduce the bill in the next Congress, which would require the US to purchase 1 million Bitcoins, representing nearly 5% of the circulating coins...
Blockchain 2024-11-15 11:12:56 -
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 -
US Senator Proposes Selling Gold Reserves for 1 Million Bitcoin, Sparking Market Debate
US Senator Proposes Selling Gold Reserves for 1 Million Bitcoin, Sparking Market DebateCynthia Lummis, a Republican Senator from Wyoming and an ally of President-elect Donald Trump in the US Senate, is proposing a bold plan: selling a portion of the Federal Reserve's gold reserves and using the proceeds to purchase 1 million Bitcoin. This proposal is aimed at fulfilling Trump's proposed strategy of establishing a Bitcoin strategic reserve...
Blockchain 2024-11-15 10:12:20
