Author: Anthony M. Orbison

According to Whale Alert, the average profit per BTC is at an all-time high of $67,088, at the time of writing. “The Potential Profit per Token graph shows the potential profit that holders could make per token if they sold at a specific time,” Whale Alert’s website explains. Whale Alert has further calculations on this metric that can be found here.To put this in perspective, this is more than the average American salary in 2024, which is $62,027. Imagine watching your savings grow and outperform your own yearly salary just for owning one bitcoin.Every day, you trade hours of your…

Federal Reserve Chair Jerome Powell surprised markets on Wednesday evening.Jacquelyn Martin/AP The Federal Reserve cut its benchmark interest rate Wednesday to between 4.25% and 4.5%. The central bank also projected two cuts next year instead of four, sending stocks tumbling. Many analysts see the reaction as overdone. The Federal Reserve cut its benchmark interest rate on Wednesday to a range of 4.25% to 4.5%, bringing its decline since mid-September to 100 basis points. Wall Street usually celebrates rate cuts as lowering borrowing costs drives spending, investing, and hiring. Reducing rates also signals inflation is under control and makes risk assets…

Investing.com– A Starbucks (NASDAQ:) workers union representing over 10,000 workers said it will go on strike in Los Angeles, Chicago and Seattle from Friday, with the strike set to last until at least Christmas.  Workers United said walkouts will begin from Friday morning and “escalate each day through Christmas eve” in a social media post, citing demands over unfair labor practices. The union is seeking a foundational framework for better working conditions and pay.  The move comes after Workers United members voted to authorize a strike earlier this week, amid little progress in negotiations with Starbucks management over worker demands. …

The man who falsely claimed to have created Bitcoin, Craig Wright, has officially received a one-year prison sentence. Indeed, he was sentenced in contempt of court after he filed a $1.2 trillion lawsuit against Twitter founder Jack Dorsey’s new company, Block.Wright rose to prominence when he proclaimed that he was the enigmatic and unknown Satoshi Nakamoto, the creator of Bitcoin. The Australian native claimed to have written the 2008 White Paper for which the cryptocurrency sector has been built.JUST IN: Judge sentences falsely-proclaimed Bitcoin creator Craig Wright to one year in prison.— Watcher.Guru (@WatcherGuru) December 19, 2024Also Read: Craig Wright…

Lord Peter Mandelson, former Labour cabinet minister and EU commissioner, is to become Britain’s next ambassador to Washington, with an immediate mission to avert a trade war with Donald Trump.Mandelson will take up the post next month, according to UK government officials, in the latest appointment by Prime Minister Sir Keir Starmer of a veteran heavy-hitter from the Tony Blair era. Starmer picked Mandelson to succeed Dame Karen Pierce, who has served in Washington since 2020 and is known as “the Trump whisperer” for her close contacts with the incoming US president and his team.Mandelson’s expertise in the field of…

These days, electronics companies dipping their toes into the realm of the automotive industry is not exactly a foreign concept.While U.S. establishment automakers like Ford  (F)  struggle to electrify their lineups, Chinese consumer electronics companies like Huawei and Xiaomi have been pumping out models that rival Tesla’s—and stealing away their buyers, too. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸In fact, one of those “swept away” buyers is none other than Ford CEO Jim Farley. He admitted on a podcast earlier this year that when Ford bought and brought Xiaomi’s bestselling SU7 electric sedan over to the…

Binance’s delisting of WRX reflects unresolved disputes and regulatory risks, causing a 56% price crash. Market metrics confirm WRX’s bearish trend, with oversold RSI and critical support nearing $0.0869. In a dramatic turn of events, Binance’s decision to delist WazirX [WRX], Kaon [AKRO], and Bluzelle [BLZ]  has led to a sharp decline in their values, with WRX plunging 56% at press time to $0.1006. The fallout from this announcement extends beyond price action, shining a spotlight on the unresolved Binance-WazirX dispute and raising questions about regulatory risks tied to these tokens. What happened between Binance and WazirX? The Binance-WazirX relationship…

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By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks ended little changed on Thursday, giving up an initial rebound from a sharp drop in the prior session after the Federal Reserve forecast fewer-than-expected interest rate cuts and higher inflation next year. Economic data was in sync with the Fed’s view, with weekly initial jobless claims falling more than expected while gross domestic product for the third quarter was revised to show a 3.1% increase from the previously reported 2.8% pace. “It clearly sent a message that rates weren’t going to keep going down if inflation didn’t continue its decline, and we’ve…

The Avalanche Foundation’s native cryptocurrency, AVAX, has had a troubling recent week, falling as much as 27%. Following the announcement of the Avalanche Foundation raising $250 million for a blockchain upgrade, the foundation’s native cryptocurrency quickly reversed its momentary surge. Recent AVAX price analysis reveals rising momentum and improving market conditions despite the recent downturn. With the recent slump, can AVAX still reach $100 in a year? Can AVAX Price hit $100 by 2026? Looking past December, AVAX’s growth potential remains positive. The cryptocurrency market trends indicate a growing interest in layer-1 networks, which benefits the foundation. Previous price predictions…