Author: Anthony M. Orbison

A new proposal submitted to the U.S. Securities and Exchange Commission’s (SEC) newly-established Crypto Task Force by a Maximilian Staudinger makes the case for XRP as a “strategic financial asset” for the United States (using some very questionable math and logic). I’m here to tell you that XRP is not a strategic asset and that the logic in this proposal is dubious at best. In the proposal, Staudinger states that $5 trillion is locked up in U.S. Nostro accounts (accounts that banks use for cross-border payments). And he claims that if certain regulatory conditions were created — including the SEC…

The forex trading world is filled with opportunities, but it also has its fair share of scams. Many traders fall victim to fraudulent brokers that manipulate trades, delay withdrawals, and disappear with investors’ money. One such broker that has been raising serious concerns is uTrada. If you are considering trading with uTrada or have already deposited funds, you need to read this before making your next move. In this article, we’ll uncover why uTrada is suspected to be a scam and highlight the red flags that traders should watch out for. 1. Is uTrada Regulated? A Major Concern One of…

By Alexandra Alper and Katya Golubkova WASHINGTON (Reuters) – Nippon Steel’s $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has previously said he opposes. The Committee on Foreign Investment in the United States (CFIUS), which reviews foreign investments in the U.S. for national security risks, referred the bid to Biden after it was unable to reach a consensus. “We received the CFIUS evaluation and the President will review it,” White House spokesperson said. President-elect Donald Trump, set…

The BTC to XRP evaluation reveals a stunning fact: despite Bitcoin’s meteoric rise to $94,000, one BTC still buys exactly 43,000 XRP at $2.18 each – the same amount as in December 2014. This remarkable cryptocurrency investment discovery has experts analyzing current XRP value patterns and wider crypto market trends in a new light.In December 2014, 1 $BTC bought you 43,000 $XRPToday, 1 $BTC buys you 43,000 $XRPTell me more about that underperformance… pic.twitter.com/Z4sdUtwnw8— Dom (@traderview2) December 21, 2024Also Read: Cardano (ADA) Predicted To Hit $6: Here’s WhenUnderstanding BTC to XRP Today: Current Value, Trends, and Investment InsightsSource: Watcher GuruA…

Transcript:Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.Stocks ended Monday’s session close to where they began. New data show Americans are feeling less confident in December. The Conference Board’s consumer confidence index surprisingly dropped for the first time in three months. According to the survey, the positive euphoria over an incoming Trump Administration is wearing off.Related: 3 holiday drinks you can make with 5 ingredients or lessIn other news, On the 12th day of Christmas true lovers everywhere received – a higher bill. That’s right, the items in the holiday…

Stellar (XLM) could soar by 25% to reach the $0.45 level if it holds the $0.35 level. Currently, 65.4% of top traders on Binance hold long positions, while 34.6% hold short positions. XLM, the native token of Stellar, is poised to reverse its downside momentum due to the formation of bullish price action, as reported by a prominent crypto expert. Buy signal for XLM, says expert On 23rd December, the expert shared a post on X (formerly Twitter), highlighting that a technical indicator called TD Sequential is flashing a buy signal for XLM. Source: X (previously Twitter) In addition, the…

KUALA LUMPUR (Reuters) -Corporate services provider Amicorp Group has denied allegations it knowingly facilitated more than $7 billion in fraudulent transactions related to the misappropriation of funds from scandal-hit Malaysian state fund 1Malaysia Development Berhad. Amicorp will defend itself and dispute the relief sought by 1MDB in court following a legal claim of more than $1 billion filed by the Malaysian sovereign wealth fund in the British Virgin Islands, Amicorp said in a statement late on Monday. 1MDB filed the claim against Amicorp and its CEO, alleging that they played a vital role in enabling the sovereign wealth fund to…

The last two weeks have seen the digital asset sector get hit with a massive correction. That has affected essentially every cryptocurrency across the board. Among the most affected is VeChain, despite the slide to $0.045, VET is still expected to enjoy a 300% increase in 2025.Despite the recent skid, there are still high hopes for the digital asset sector in the coming year. With VeChain announcing its continued collaboration with the Ultimate Fighting Championship (UFC), it should be among the biggest winners when the calendar turns.IT’S OFFICIAL 🪇We partnered with VeChain to launch an epic campaign in LA for…

Walmart (WMT) currently has a leg up on some of its competitors as an increased number of consumers have been flocking to the retailer’s stores in the midst of the holiday season. In Walmart’s third-quarter earnings report for fiscal year 2025, the retailer revealed that it saw a 5% year-over-year increase in its U.S. comparable sales. This boost in sales contributed to Walmart enjoying a 5.5% increase in revenue during the quarter. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸In preparation for the holiday season, Walmart kicked off its holiday deals in October, earlier than…

A widely followed crypto analyst says that Ethereum and altcoins are bracing for a swing to the upside as ETH prints the same pattern it did in 2020. In a new video update, crypto strategist Jason Pizzino tells his 344,000 YouTube subscribers that the Ethereum/Bitcoin (ETH/BTC) pair is flashing a “major altcoin signal.” However, he warns that altcoins still have a bit further to drop before market sentiment turns around and sparks a rally. “ETH/BTC in November got a bounce but again it still has not broken past at least the 4% level and the major level that I’m watching for…