Day: December 10, 2024

MicroStrategy to join Nasdaq 100 with $2.1 billion in ETF share buying expected

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Key Takeaways MicroStrategy is set to join the Nasdaq 100 Index, with an official announcement expected on December 13. MicroStrategy’s Nasdaq 100 inclusion could drive $2.1 billion in ETF share buying. Share this article MicroStrategy is expected to join the Nasdaq 100 Index on December 23, with an official announcement scheduled for this Friday, December 13. According to Bloomberg ETF analyst James Seyffart, ETFs tracking the Nasdaq 100 are expected to purchase $2.1 billion worth of MicroStrategy shares, representing about 20% of the company’s daily trading volume. James Seyffart analysis…

Eric Trump States Bitcoin Is the Ultimate Hedge for Real Estate Investors

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Eric Trump, Executive Vice President of the Trump Organization and son of United States President-elect Donald Trump, recently shared his perspective on Bitcoin during an exclusive backstage interview with Frank Corva, Business-to-Business Correspondent for Bitcoin Magazine, at the Bitcoin MENA 2024 Conference. Trump highlighted Bitcoin’s transformative potential, comparing it to real estate, the cornerstone of his family’s business, while emphasizing its unique advantages as a hedge for traditional investors. JUST IN: 🇺🇸 Eric Trump explains why #Bitcoin is a better investment than real estate. pic.twitter.com/YRUJhIhSNT — Bitcoin Magazine (@BitcoinMagazine) December…

MicroStrategy (MSTR) Expected To Be Added To Nasdaq 100: Bloomberg

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Follow Nikolaus On 𝕏 Here For Daily Posts Today, Bloomberg ETF analysts Eric Balchunas and James Seyffart announced that MicroStrategy (MSTR) is expected to enter into the Nasdaq 100 (QQQ) later this month on December 23. $MSTR is likely to be added to $QQQ on 12/23 (w/ announcement coming 12/13). Moderna likely to get boot (symbolic). Below is best guess of adds/drops via @JSeyff. Likely a 0.47% weight (40th biggest holding). There's $550b of ETFs tracking the index. S&P 500 add next yr prob. pic.twitter.com/rmTavtvWQL — Eric Balchunas (@EricBalchunas) December…

Ripple’s RLUSD stablecoin receives final NYDFS approval

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Key Takeaways Ripple received final approval from NYDFS for its RLUSD stablecoin, a significant regulatory milestone. RLUSD will be backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. Share this article Ripple has received final approval for its stablecoin, RLUSD, from the New York Department of Financial Services, as confirmed by Ripple CEO Brad Garlinghouse. This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first.…

Italy’s government to drop plans to implement a 42% tax on crypto trading: report

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Key Takeaways Italy plans to reduce the proposed crypto capital gains tax from 42% due to industry pushback and political disagreement. An amendment has been proposed to limit the tax increase to 28% instead of the initially planned 42%. Share this article The Italian government will drop plans to increase the tax on crypto capital gains, Reuters reported Tuesday. The Treasury initially proposed raising the tax rate from 26% to 42% to support diverse socio-economic initiatives, but has faced intense lobbying from the industry and internal disagreements within the League…

Eric Trump Confident Bitcoin Price Will Hit $1 Million

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Eric Trump, a prominent American businessman, executive vice president of the Trump Organization, and son of United States President-elect Donald Trump delivered a striking prediction at the Bitcoin MENA event in Abu Dhabi on Dec. 10. He confidently declared that Bitcoin will someday reach a value of $1 million per BTC. “I am confident that Bitcoin is going to hit $1 million.” JUST IN: 🇺🇸 President Donald Trump’s son, Eric Trump says, “I am confident that #Bitcoin is going to hit $1 million.” 🚀 pic.twitter.com/1SqScvddl2 — Bitcoin Magazine (@BitcoinMagazine) December 10, 2024…

Why Bitcoin is the Most Islamic Money

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The Islamic conceptualisation of finance is built around a set of core principles which give primacy to honesty, fairness and accountability in trade and transactions. As such, Islamic finance seeks uphold justice, transparency, and shared prosperity in economic systems. Arguably, fiat currency achieves the exact opposite of these principles, since it introduces uncertainty, speculation and inequities that punish the poor, who earn and spend fiat, and favours the rich who invest in assets that benefit from inflation. In this backdrop, Bitcoin emerges as a solution that aligns remarkably well with…

Microsoft shareholders reject proposal to add Bitcoin to balance sheet

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Key Takeaways Microsoft shareholders rejected a proposal to add Bitcoin to its balance sheet. The proposal was declined due to concerns about Bitcoin’s volatility. Share this article Microsoft shareholders voted against a proposal to explore adding Bitcoin to the company’s balance sheet during its annual meeting. The proposal, introduced by the National Center for Public Policy Research, suggested diversifying 1% of Microsoft’s $78 billion in cash and marketable securities into Bitcoin as a hedge against inflation. The company’s board had recommended shareholders reject the measure, citing concerns about Bitcoin’s volatility…

The Golden Ratio Multiplier Mathematically Reveals Next Bitcoin Price Target

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The Bitcoin market has long been characterized by cyclical movements and adoption-driven growth, and investors frequently seek tools to better understand and anticipate these cycles. One such tool is the Golden Ratio Multiplier—a Bitcoin-specific indicator developed by Philip Swift, Managing Director of Bitcoin Magazine Pro. This article delves into the intricacies of the indicator and analyzes the recent Chart of the Day, which provides a data-driven outlook on Bitcoin’s price trajectory. The #Bitcoin Golden Ratio Multiplier 1.6x level, currently at ~$100,000, has once again acted as resistance for #BTC price…

Bitwise predicts AI agents’ tokens to fuel meme coin mania surpassing 2024 levels

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Key Takeaways Bitwise forecasts AI agents’ tokens will dominate meme coin markets, creating a mania bigger than 2024. Bitcoin is expected to exceed $200,000 in 2025 due to halving and institutional adoption. Share this article Bitwise Investments forecasts that tokens launched by AI agents will drive a larger meme coin surge in 2025 compared to 2024 levels, according to the firm’s “10 Crypto Predictions for 2025” report. The report highlights how AI tools like Truth Terminal, Clanker, and other autonomous agents have already demonstrated their ability to drive viral token…