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  • Donald Trump names David Sacks as “AI and crypto czar”

    Donald Trump names David Sacks as “AI and crypto czar”

    • David Sacks is the former PayPal COO and founder of Yammer, a SaaS company
    • He will work on a legal framework providing the crypto industry with the clarity it wants

    US President-elect Donald Trump has announced that David Sacks will be the lead policy advisor on artificial intelligence and crypto, dubbing him the “White House AI and Crypto Czar.”

    In a post on his social media platform Truth, Trump wrote that Sacks will take up the role which are “two areas critical to the future of American competitiveness,” adding, among other things, that “he will work on a legal framework so the crypto industry has the clarity it has been asking for, and can thrive in the US.”

    As part of his role, Trump added that David will focus on making America a “global leader” in these areas, something Trump promised during his election campaign in August.

    During the US election, Trump has focused more on being pro-crypto, and became the first US president to use the Bitcoin network. He achieved this after sending a Bitcoin transaction at PubKey, a crypto-themed bar in New York ahead of his campaign rally in Long Island in September.

    Since winning the election in November against current vice president Kamala Harris, Trump has been appointing pro-crypto candidates for his administration before he enters the White House next month.

    Earlier this week, Trump named pro-crypto Paul Atkins as the next chair of the US Securities and Exchange Commission (SEC), helping push Bitcoin to over $100,000 for the first time. Trump also has Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy leading the Department of Government Efficiency (DOGE) to “dismantle government bureaucracy.”

    Musk, who was a familiar face during Trump’s election campaign, is reported to have donated over $250 million to Trump’s campaign, reports the Financial Times.

    Elsewhere, in November, Trump named Howard Lutnick, CEO of Cantor Fitzgerald, a financial services firm, as the US Commerce Secretary.

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  • David Marcus says Bitcoin could be a ‘global payment network’

    David Marcus says Bitcoin could be a ‘global payment network’

    lightspark david marcus bitcoin global payment network
    • Lightspark CEO says Bitcoin could help transform global payments.
    • David Marcus explained his view today on CNBC’s “Squawk Box”.
    • Bitcoin is currently down about 20% versus its year-to-date high.

    David Marcus – the Chief Executive of Lightspark sees a big future for Bitcoin that’s down 20% versus its year-to-date high at writing.

    Bitcoin could transform global payments

    Marcus has a vision for the world’s largest cryptocurrency that goes well beyond its current stature as a store of value only.

    On CNBC’s “Squawk Box”, he asserted that Bitcoin actually had the potential to play a significant role in making global payments as seamless as texting.

    What we’re trying to do is turn Bitcoin into a real global payment network. We’re still in the fax era of global payments. That’s what we’re attempting to solve.

    Marcus finds the existing fintech apps somewhat inadequate in facilitating cross-border payments. He has previously served as the president of PayPal Holdings Inc.

    Bitcoin is not a currency for everyday use

    Lightspark is committed to addressing the scalability issues surrounding Bitcoin and making Bitcoin transactions both faster and cheaper.

    But the goal is not really to turn Bitcoin into a currency that can be used for everyday transactions, he added in his interview with CNBC today.

    Bitcoin on top of Lightning is like a small data packet only for value. You can exchange at edges of network and send dollars to someone who’ll receive Yen or Euros.

    Marcus admitted the need to work closely with the regulators to unlock the full potential of Bitcoin in revolutionising the global payment ecosystem.

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  • Shiba Inu and Dogecoin Will Lead Next Bull Run – Predicts David Gokhshtein

    Shiba Inu and Dogecoin Will Lead Next Bull Run – Predicts David Gokhshtein

    David Gokhshtein, a former candidate for the US Congress who is now an entrepreneur and the head of Gokhshtein Media, has once more stated his support for two significant meme coins: Dogecoin and Shiba Inu.

    But in prior tweets, he added that he had been using bitcoin and Ethereum for a long time and believed that XRP was on the way, whether people liked it or not. David supported Shiba Inu in 2022 with a number of his tweets and has been enthusiastic about Dogecoin since last year. His primary point in his tweet on meme currencies is that both Doge and SHIB have attracted many new users to bitcoin and the cryptocurrency industry. particularly and will contribute greatly in the future.

    His most recent tweet similarly resembled this. On October 17, he tweeted that despite the frequent discussion around meme coins, they would eventually “bring new retail purchasers into the crypto business.” Gokhshtein openly acknowledged that he had not gone to SHIB in a tweet, explaining that the “Dogecoin killer” myth had kept him away. But he claims that when the next crypto bull market starts, meme currencies are going to go parabolic.

    SHIB Price

    At the time of writing, SHIB is trading at $0.00001007which is a 0.08% price increase, In the last 24 hours, it has traded as low as $0.000009723 and as high as $0.00001016. The trading volume in the last 24 hours is $166,803,779 and a market capitalization of $5,531,950,087.

    The Bollinger bands are forming a narrow pattern which demonstrates a bullish momentum as the MACD line is crossing over the signal line suggesting that bulls are taking control of the market. Investors are advised to take caution when making financial decisions as the crypto market is highly volatile.

    DOGE Price

    Dogecoin is currently trading at $0.05938 which is 0.05% price increase. In the last 24 hours, DOGE has traded as low as $0.05845 and as high as $0.06068. The trading volume is $312,061,951 and the market capitalization is $7,864,369,733. There is 132.67B DOGE circulating in the market.

    The Bollinger bands show a straight narrow pattern with the candle stick trading near the lower band. This is evident that DOGE is bullish. On the other hand, the MACD line is crossing the signal line as the RSI is currently at 45 heading towards the overbought region. Generally, Investors are urged to be careful of the bear market.

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