Crypto News

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Calheel said:
California has several different EV programs, but the main one ended in 2023. Newsom said he would bring it back if Trump cut the federal program.

www.gov.ca.gov

As California achieves historic milestone, Governor Newsom commits to restarting state’s ZEV rebate program if federal tax credit is eliminated | Governor of California

www.gov.ca.gov www.gov.ca.gov
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Restart it explicitly leaving out Tesla due to CEO/founder being anti Californian and leaving the state talking shit about his main consumer market
 
uncgriff said:
The half of the country that would actually buy a Tesla will now never buy a Tesla. The other half would never buy a Tesla anyway. And Europe is never going to be a market after the last 6 weeks

Hertz lost their shirts when they bought a fleet of teslas. Nobody rented them and they couldn't sell them used. People who have teslas now are going to be shocked when their resale value is abysmal

All because of a ketamine induced messianic delusional complex.
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I recently went to check out a Honda prologue, and while doing so was offered a 2022 model 3-long, with 35k miles for, $19k. It was listed for $23k. They were desperate to get it off the lot.
 
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For any MAGAs on the board, Dear Leader is once again requesting your money.

Same applies if there’s anyone on the board looking for a pardon or for an investigation to be halted.

 
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1moretimeagain said:
For any MAGAs on the board, Dear Leader is once again requesting your money.

Same applies if there’s anyone on the board look for a pardon or for an investigation to be halted.

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Bought himself a quick bump today


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But still well off initial sugar high (yet still ridiculously high value now)

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The Trump Family Advances Its All-Out Crypto Blitz, This Time With Bitcoin Mining​

A business led by two of the president’s sons will invest in American Bitcoin, a new mining company controlled by Hut 8​



“… Eric Trump and Donald Trump Jr.’s American Data Centers will merge with and take a 20% stake in American Bitcoin, a mining operation majority-owned by Hut 8 HUT 1.61%increase; green up pointing triangle, the publicly traded crypto-infrastructure company. Together, they aim to create the world’s largest miner of the digital currency, with designs on building its own “bitcoin reserve.”

In a matter of months, the Trumps started a decentralized-finance, or DeFi, project called World Liberty Financial, said their social-media company would invest in bitcoin and other digital assets, launched meme coins to capitalize on the popularity of the president and his wife and announced plans to issue a World Liberty dollar-backed stablecoin. And in his return to the White House, President Trumphas said he aims to make the U.S. the “crypto capital of the world.”

The digital networks that comprise the cryptocurrency markets have offered the Trumps an ideal complement to their other family business: real estate, Eric Trump told The Wall Street Journal. …”
 
nycfan said:

The Trump Family Advances Its All-Out Crypto Blitz, This Time With Bitcoin Mining​

A business led by two of the president’s sons will invest in American Bitcoin, a new mining company controlled by Hut 8​



“… Eric Trump and Donald Trump Jr.’s American Data Centers will merge with and take a 20% stake in American Bitcoin, a mining operation majority-owned by Hut 8 HUT 1.61%increase; green up pointing triangle, the publicly traded crypto-infrastructure company. Together, they aim to create the world’s largest miner of the digital currency, with designs on building its own “bitcoin reserve.”

In a matter of months, the Trumps started a decentralized-finance, or DeFi, project called World Liberty Financial, said their social-media company would invest in bitcoin and other digital assets, launched meme coins to capitalize on the popularity of the president and his wife and announced plans to issue a World Liberty dollar-backed stablecoin. And in his return to the White House, President Trumphas said he aims to make the U.S. the “crypto capital of the world.”

The digital networks that comprise the cryptocurrency markets have offered the Trumps an ideal complement to their other family business: real estate, Eric Trump told The Wall Street Journal. …”
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Bitcoin leads me to believe in balance in the universe.

Almost simultaneously, Silicon Valley developed one of the most advanced, if not the most advanced, technology in history (AI), and the stupidest technology in history (crypto).
 
nycfan said:

Big Banks Explore Venturing Into Crypto World Together With Joint Stablecoin​

The discussions involve payments companies co-owned by JPMorgan Chase, other large banks​


🎁 —> https://www.wsj.com/finance/banking...9e?st=zZWuoK&reflink=mobilewebshare_permalink
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“… Banks have been bracing for the possibility that stablecoins could become widely adopted under President Trump and siphon away the deposits and transactions they handle, particularly if big tech companies or retailers get in on the action. The banking industry is in catch-up mode in the crypto space after a regulatory crackdowntwo years ago. …

Banks see an opportunity for stablecoins to speed up more routine transactions, such as cross-border payments that can take days in the traditional payments system. There is still some skepticism about the security of stablecoins and the regulatory implications of getting involved with digital assets, some of the people said.

The possibility of Wall Street’s traditional powers teaming up to issue their own stablecoin marks the latest sign that mainstream and crypto finance are inching closer together. And given their utility as an efficient way to move money, the stablecoin market has long seemed like a logical nexus between those two worlds. …”
 
Stablecoin is even stupider than bitcoin.

Stablecoin is pegged to the dollar. So if you want exposure to dollars, why not -- you know -- buy dollars? They are harder to steal and they come with fraud protections, but one would think that a feature not a bug.

What does stablecoin do that a dollar doesn't?
 
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