On January 17, Friday night, President-elect Donald Trump unveiled his own cryptocurrency, and by Sunday morning, it had already accrued over $50 billion in value on paper, benefiting both Trump and his companies.
Why it matters: The unexpected launch of $TRUMP shook the cryptocurrency industry, highlighting both Trump's significant influence and the growing prominence of cryptocurrency within his administration.
The price of Bitcoin has soared to more than 46% since the 2024 US Presidential Election Day.
Bitcoin catapulted to a record high on November 21, surging to more than 3% in early trading and reaching toward investors' long-sought milestone of $100,000.
Larry Flynt, the founder of Hustler Magazine, has had it with President Donald Trump. A full-page ad sponsored by Flynt was published in the Washington Post on Sunday offering $10 million for dirt on the Republican President. Flynt, owner of the Hustler Casino in California and poker enthusiast, thinks that Trump is not fit for the most powerful office in the country and should be impeached.
Following a more than 100 days strike by union members over no health and pensions benifits, Trump Taj Mahal closed down on Monday. The casino, which costed nearly 1 billion dollars and opened 26 years ago, was once called "the eighth wonder of the world" by former owner and republican president candidate Donald Trump.
While the Trump Taj Mahal Casino has been the highest grossing casino in Atlantic City for more than two decades, it has been badly hit by difficult times, especially after the Borgata opened in 2013. Billionaire Carl Icahn bought the casino two years ago and after investing $100 million on it, the casino is scheduled to shut down this October.
Larry Flynt, the founder of Hustler Magazine, has had it with President Donald Trump. A full-page ad sponsored by Flynt was published in the Washington Post on Sunday offering $10 million for dirt on the Republican President. Flynt, owner of the Hustler Casino in California and poker enthusiast, thinks that Trump is not fit for the most powerful office in the country and should be impeached.
Following a more than 100 days strike by union members over no health and pensions benifits, Trump Taj Mahal closed down on Monday. The casino, which costed nearly 1 billion dollars and opened 26 years ago, was once called "the eighth wonder of the world" by former owner and republican president candidate Donald Trump.
