Pundits and public health experts alike are reeling at President Donald Trump’s pledge to get “the country opened up and rarin’ to go by Easter,” whatever the risks of coronavirus may be. With Easter less than three weeks away, the president has diverged from the advice of public health authorities worldwide, tweeting on March 24 that: “Our people want to return to work. They will practice Social Distancing and all else, and Seniors will be watched over protectively & lovingly. We can do two things together. THE CURE CANNOT BE WORSE (by far) THAN THE PROBLEM! Congress MUST ACT NOW. …

After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at what seemed like a gargantuan amount. As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that figure and it suddenly seems far more tangible. Binance CEO Changpeng Zhao even tweeted that the new financial dialogue meant a $2 trillion market cap for Bitcoin could be considered “modest”. Will a devaluing U.S. Dollar push Bitcoin to $100K? The Federal Reserve and central banks around …

Earlier this week, the word “cryptocurrency” made it to the text of one of the United States government’s most consequential strategic documents: the Trump administration’s budget proposal for the 2021 fiscal year. However, the budget does little to enhance blockchain-powered innovation, as it included no additional taxpayer dollars in funding. The premise for mentioning digital currencies was, in fact, quite the contrary: the need to step up measures against financial crimes. To that effect, the White House is proposing to bring the U.S. Secret Service — the agency tasked with both protecting the nation’s leaders as well as safeguarding its …

President Donald Trump’s $4.8 trillion 2021 budget proposal hopes to reconsolidate the Secret Service with the Treasury Department in order to enhance cyber and financial crime investigations. Established in 1865, the Secret Service was created as a department within Treasury charged with protecting U.S. currency against counterfeiting risks. In 2002, the Secret Service was transferred to the Department of Homeland Security — a move Trump now wishes to reverse. This will, the administration claims, “create new efficiencies” in the investigation of financial crimes, which have evolved and become increasingly more difficult to combat: “Technological advancements in recent decades, such as …

After launching TRUMP futures trading last week, FTX plans to release five additional 2020 presidential election-based futures products. “What we’re about to come out with is just similar contracts for the top five Democratic candidates,” an FTX representative told Cointelegraph in an interview. 2020 Reelection futures expand offering FTX plans to launch a Bernie Sanders (BERNIE) futures trading product, as well as futures on Joe Biden (BIDEN), Elizabeth Warren (WARREN), Pete Buttigieg (PETE) and Mike Bloomberg (BLOOMBERG). Although FTX has not finalized a release date for these products as of press time, the representative said they should go live within …

Crypto derivatives exchange FTX recently launched “TRUMP,” a new futures trading product that lets users bet on President Trump’s re-election in 2020. “So far most of the volume has traded on the offer, implying that traders think Trump is likely to win re-election,” an FTX representative told Cointelegraph. The TRUMP crypto product is merely a futures contract that is worth $1 if Trump wins the 2020 presidential election and $0 if he does not. TRUMP’s value at any given moment can be understood as an expression of how likely the traders think he is to win at any given moment. …

Cryptocurrency derivatives exchange FTX has created a new, specialized futures contract for traders to bet on President Donal Trump’s reelection in 2020. Dubbed TRUMP-2020 (TRUMP), FTX announced on Feb. 5 that the contract expires to $1 if Donald Trump wins the 2020 US presidential general election, and $0 if otherwise. The launch of TRUMP coincides with a fresh poll from Gallup this week, suggesting that the President's job approval rating has risen to 49% — his highest in any Gallup polling since he took office in 2017. Among Republicans, moreover, his approval rating is up six percentage points since early …

In the summer of 2019, the 10-year minus 3-month yield curve inverted for the first time in 13 years. During the time of the inversion, Bitcoin’s price hit all-time highs for the year. The previous inversion in 2006 was followed shortly thereafter by the global economic crisis of 2008. On Jan. 3rd 2020, United States President Donald Trump ordered the killing of Iranian general Qassem Soleimani by drone strike. The Iranian government retaliated on Jan. 8th by launching missiles at two American bases in Iraq located near Baghdad. Throughout the Iran-U.S. conflict, Bitcoin’s price spiked upward by 21%, from just …

Kelly Loeffler, former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, has been sworn into the United States Senate. In a Jan. 6 tweet, Loeffler announced that she was sworn into the U.S. Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator. Loeffler casts first vote to support Trump’s pickto lead the Small Business Administration In the announcement, Loeffler said that she had already cast her first vote to support U.S. President Donald Trump’s pick to lead the Small Business Administration, an autonomous U.S. government agency designed to assist small businesses in the country. …

Bitcoin (BTC) will hit $12,000 in 2020 as markets recover from fresh suppression, one of its most outspoken investors has said. Mike Novogratz, co-founder of cryptocurrency merchant bank Galaxy Digital, made the “$btc finishes over 12k,” remark as part of his new year predictions in a tweet on Dec. 28. Novogratz bets on Trump and BTC Long an advocate of Bitcoin, the entrepreneur also believed United States president Donald Trump would lose the upcoming presidential election by at least 10 million votes. As Cointelegraph reported, Trump is a critic of cryptocurrency, in July making public statements about Bitcoin’s allegedly dubious …

The head of the United States Federal Reserve has admitted current economic policy is “not sustainable” — but that it is not its job to fix it. Speaking during testimony before Congress’ Joint Economic Committee on Nov. 13, Jerome Powell noted that currently, U.S. national debt is growing faster than nominal GDP. Powell: Solving debt spiral “not up to the Fed” “Ultimately in the long run that’s not a sustainable place to be,” he said. Powell continued: “How to fix that — it’s easy to say that — how do you do that and when do you do that is …

Tron founder and CEO, Justin Sun, says he’ll reschedule his charity lunch with Berkshire Hathaway chairman and billionaire Warren Buffett “very soon.” The CEO announced the news during a live stream on Tuesday, Sept. 24. An open invitation to the leader of the free world As reported, Sun had won a charity auction on eBay in June to have lunch with Buffett and his own choice of guests, with a winning bid of $4,567,888 — the highest bid in the event’s 20-year history. Yet just days ahead of the much-anticipated event, the Tron CEO was forced to postpone due to …