Tag #Cryptocurrency

nbcnews.com
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Fartcoin's Market Cap Triples Amidst Memecoin Boom

Fartcoin, a worthless cryptocurrency, saw its market cap triple to over $700 million last week due to increased bitcoin investment spurred by the Trump administration's policies; however, the memecoin market is highly volatile and risky, with potential for both substantial gains and losses.

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48% Bias Score

Reduced Inequality
zeit.de
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Trump's Crypto Investments Raise Terrorism Financing Fears

President-elect Donald Trump's financial ties to World Liberty Financial, a firm with significant investment from Tron—a cryptocurrency used by Islamist groups—raise serious concerns about potential indirect funding of terrorism and conflicts of interest.

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48% Bias Score

Peace, Justice, and Strong Institutions
lemonde.fr
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Bitcoin Price Dips Below \$100,000 Amidst Volatility and Uncertainty

Bitcoin's price recently fell below \$100,000, despite previous highs and endorsements from prominent figures; its future remains uncertain, despite its peer-to-peer payment model and use by a small number of websites.

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52% Bias Score

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theglobeandmail.com
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Bank of Canada Cuts Rate Amid U.S. Tariff Uncertainty

The Bank of Canada lowered its key interest rate to 3.25 percent on Wednesday, citing uncertainty caused by U.S. president-elect Donald Trump's potential imposition of tariffs on Canadian goods.

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8% Bias Score

Reduced Inequality
forbes.com
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BlackRock Recommends Bitcoin for 60/40 Portfolios

BlackRock, the world's largest money manager, recommends including 1-2% of Bitcoin in traditional 60/40 investment portfolios, marking a significant shift in mainstream acceptance of cryptocurrencies.

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32% Bias Score

Reduced Inequality
theguardian.com
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\"Hawk\" Memecoin Plummets After Accusations of Fraud

The memecoin \"Hawk\", launched on December 4th with Haliey Welch, initially valued at $490 million, rapidly lost value to $17 million amidst accusations of a \"rug pull\" scheme, highlighting the risks of memecoin investments.

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52% Bias Score

Reduced Inequality
cnbc.com
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Memecoin Fartcoin's $700 Million Surge Exposes Crypto's Wild West

Fartcoin, a useless cryptocurrency, tripled in value to over $700 million in a week due to speculation following Bitcoin's rise since Donald Trump's election, highlighting the volatile memecoin market driven by algorithmic trading and lack of regulation.

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52% Bias Score

Reduced Inequality
cnbc.com
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XRP Surges 370% Post-Election on Regulatory Shift

Since the election of President-elect Trump, XRP cryptocurrency has surged 370%, surpassing Solana to become the third-largest cryptocurrency by market value, driven by a change in regulatory environment and subsequent ETF applications; however, its long-term prospects remain uncertain.

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48% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
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El Salvador to Potentially Abandon Mandatory Bitcoin Acceptance Amid IMF Loan Deal

El Salvador is nearing a \$1.3 billion IMF loan agreement, conditioned on making Bitcoin acceptance by businesses voluntary, potentially reversing its 2021 decision to make Bitcoin legal tender and raising concerns about the viability of cryptocurrency as a national currency.

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60% Bias Score

Reduced Inequality
english.elpais.com
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IMF Loan to El Salvador Contingent on Bitcoin Policy Reversal

El Salvador is negotiating a \$1.3 billion loan with the IMF, which requires making bitcoin's use voluntary rather than mandatory, potentially ending its status as legal tender. This follows years of criticism from the IMF regarding the risks associated with bitcoin adoption, including threats to fi...

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40% Bias Score

Reduced Inequality
forbes.com
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Byte Federal Data Breach Exposes 58,000 Customer Records

Byte Federal, a US Bitcoin ATM operator, experienced a data breach on September 30th, exposing personal information of ~58,000 customers due to a GitLab vulnerability; compromised data included names, addresses, SSNs, IDs, photos, and transaction histories.

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36% Bias Score

Peace, Justice, and Strong Institutions
english.kyodonews.net
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Kadokawa Pays $2.98M Ransom in Cryptocurrency Following Cyberattack

A Russia-linked hacking group extorted $2.98 million in cryptocurrency from Japanese publisher Kadokawa Corp following a June 8th ransomware attack that compromised 1.5 terabytes of data, including employee information; the payment was confirmed via blockchain analysis despite Kadokawa's denial.

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36% Bias Score

Reduced Inequality