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Page 9 - Cryptocurrency

Donald Trump's crypto dinner raises questions about personal profit

President Donald Trump rewarded top investors in one of his cryptocurrency projects with a swanky dinner on Thursday night, an event that showed the ascendance of an emerging financial industry and also the president's willingness to mix public office with personal profit. Some 220 of the biggest investors in the $TRUMP meme coin were invited to Trump's luxury golf club in Northern Virginia, where they dined on filet mignon and halibut. According to participants' posts on social media, Trump spoke for about half an hour before dancing to the song YMCA. Despite the White House insisting that Trump would be attending the event in his personal time, he stood behind a lectern with the presidential seal as he touted an industry that's generating profits for his family business. After feeling unfairly targeted under President Joe Biden, the crypto industry has quickly become a powerful political force, donating huge sums to help Trump and friendly lawmakers. The U.S. Senate is advancing

Updated On : 23 May 2025 | 9:51 AM IST

Bitcoin tops $111,000 for first time as US optimism lifts cryptocurrencies

A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US senate fueled hopes of greater regulatory clarity for crypto operators

Updated On : 22 May 2025 | 10:49 PM IST

Crypto industry once saw Trump as ally, now fears his profit-first approach

It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump's crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar. But Thursday night's dinner for the 220 biggest investors in the $TRUMP meme coin has raised uncomfortable questions about potentially shadowy buyers using the anonymity of the internet to buy access to the president. While Democrats charge that Trump is using the power of the presidency to boost profits for his family business, even some pro-Trump crypto enthusiasts worry that the president's push into meme coins isn't helping their efforts to establish the credibility, stability and legitimacy they had thought his administration would bring to their businesses. After feeling unfairly targeted by the Biden administration, the industry has quickly become a ...

Updated On : 22 May 2025 | 2:40 PM IST

AI hyped but better grounded than crypto, says Red Hat CTO Chris Wright

Chris Wright compares AI trajectory to early days of cloud tech; Red Hat to focus on enabling flexible infrastructure for AI workloads across platforms

Updated On : 21 May 2025 | 11:19 PM IST

US Senate advances Bill to regulate stablecoins, a type of cryptocurrency

The Senate has voted to move forward with legislation to regulate a form of cryptocurrency called stablecoins, two weeks after Democrats blocked the measure. Monday's 66-32 procedural vote keeps one of President Donald Trump's top legislative priorities on track for passage and highlights the growing political strength of the cryptocurrency industry, which spent heavily in last year's election and has amassed a large war chest for next year's midterms. Several Democrats reversed and voted to move forward with the legislation after negotiations with Republicans in recent days. The fate of the legislation, which would regulate how stablecoin issuers operate in the U.S, had been uncertain in recent weeks despite early bipartisan support. Senate Democrats blocked it earlier this month in part over concerns about how Trump and his family were benefiting from private crypto endeavors, including a newly launched stablecoin. Republicans won support from Democrats after strengthening ...