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2025-01-13
NEW YORK (AP) — Bitcoin topped $100,000 for the first time this week as a massive rally in the world's most popular cryptocurrency, largely accelerated by the election of Donald Trump, rolls on. The cryptocurrency officially to rose six figures Wednesday night, just hours after the president-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission. Bitcoin has soared since Trump won the U.S. presidential election on Nov. 5. The asset climbed from $69,374 on Election Day, hitting as high as $103,713 Wednesday, according to CoinDesk. And the latest all-time high arrives just two years after bitcoin dropped below $17,000 following the collapse of crypto exchange FTX . Bitcoin fell back below the $100,000 by Thursday afternoon, sitting above $99,000 by 4 p.m. ET. Even amid a massive rally that has more than doubled the value of bitcoin this year, some experts continue to warn of investment risks around the asset, which has quite a volatile history. Here’s what you need to know. Cryptocurrency has been around for a while now. But chances are you’ve heard about it more and more over the last few years. In basic terms, cryptocurrency is digital money. This kind of currency is designed to work through an online network without a central authority — meaning it’s typically not backed by any government or banking institution — and transactions get recorded with technology called a blockchain. Bitcoin is the largest and oldest cryptocurrency, although other assets like ethereum, XRP, tether and dogecoin have also gained popularity over the years. Some investors see cryptocurrency as a “digital alternative” to traditional money, but most daily financial transactions are still conducted using fiat currencies such as the dollar. Also, bitcoin can be very volatile, with its price reliant on larger market conditions. A lot of the recent action has to do with the outcome of the U.S. presidential election. Trump, who was once a crypto skeptic, has pledged to make the U.S. “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. His campaign accepted donations in cryptocurrency and he courted fans at a bitcoin conference in July. He also launched World Liberty Financial, a new venture with family members to trade cryptocurrencies. On Thursday morning, hours after bitcoin surpassed the $100,000 mark, Trump congratulated “BITCOINERS” on his social media platform Truth Social. He also appeared to take credit for the recent rally, writing, “YOU’RE WELCOME!!!” Top crypto players welcomed Trump’s election victory last month, in hopes that he would be able to push through legislative and regulatory changes that they’ve long lobbied for — which, generally speaking, aim for an increased sense of legitimacy without too much red tape. And the industry has made sizeable investments along the way. Back in August, Public Citizen, a left-leaning consumer rights advocacy nonprofit, reported finding that crypto-sector corporations spent more than $119 million in 2024 to back pro-crypto candidates across federal elections. Trump made his latest pro-crypto move when he announced his plans Wednesday to nominate Atkins to chair the SEC. Atkins was an SEC commissioner during the presidency of George W. Bush. In the years since leaving the agency, Atkins has made the case against too much market regulation. He joined the Token Alliance, a cryptocurrency advocacy organization, in 2017. Under current chair Gary Gensler, who will step down when Trump takes office, the SEC has cracked down on the crypto industry — penalizing a number of companies for violating securities laws. Gensler has also faced ample criticism from industry players in the process. One crypto-friendly move the SEC did make under Gensler was the approval in January of spot bitcoin ETFs, or exchange trade funds, which allow investors to have a stake in bitcoin without directly buying it. The spot ETFs were the dominant driver of bitcoin's price before Trump's win — but, like much of the crypto’s recent momentum, saw record inflows postelection. Bitcoin surpassing the coveted $100,000 mark has left much of the crypto world buzzing. “What we’re seeing isn’t just a rally — it’s a fundamental transformation of bitcoin’s place in the financial system,” Nathan McCauley, CEO and co-founder of crypto custodian Anchorage Digital, said in a statement — while pointing to the growth of who's entering the market, particularly with rising institutional adoption. Still, others note that the new heights of bitcoin's price don't necessarily mean the asset is going mainstream. The $100,000 level is “merely a psychological factor and ultimately just a number,” Dan Coatsworth, investment analyst at British investment company AJ Bell, wrote in a Thursday commentary . That being said, bitcoin could keep climbing to more and more all-time highs, particularly if Trump makes good on his promises for more crypto-friendly regulation once in office. If Trump actually makes a bitcoin reserve, for example, supply changes could also propel the price forward. “It is hard to overstate the magnitude of the change in Washington’s attitude towards crypto post-election,” Matt Hougan, chief investment officer at Bitwise Asset Management, said via email Thursday, reiterating that prices could keep rising if trends persist. “There is a lot more demand than there is supply, and that’s usually a pretty good recipe for success.” Still, as with everything in the volatile cryptoverse, the future is never promised. Worldwide regulatory uncertainties and environmental concerns around bitcoin “mining" — the creation of new bitcoin, which consumes a lot of energy — are among factors that analysts like Coatsworth note could hamper future growth. And, as still a relatively young asset with a history of volatility, longer-term adoption has yet to be seen through. Today’s excitement around bitcoin may make many who aren’t already in the space want to get in on the action. For those in a position to invest, Hougan says it's not too late — noting that bitcoin is still early in its development and most institutional investors “still have zero exposure.” At the same time, Hougan and others maintain that it's important to tread cautiously and not bite off more than you can chew. Experts continue to stress caution around getting carried away with crypto “FOMO,” or the fear of missing out, especially for small-pocketed investors. “A lot of people have got rich from the cryptocurrency soaring in value this year, but this high-risk asset isn’t suitable for everyone,” Coatsworth noted Thursday. “It’s volatile, unpredictable and is driven by speculation, none of which makes for a sleep-at-night investment.” In short, history shows you can lose money in crypto as quickly as you’ve made it. Long-term price behavior relies on larger market conditions. Trading continues at all hours, every day. Coatsworth points to recent research from the Bank for International Settlements, a Switzerland-based global organization of central banks, which found that about three-quarters of retail buyers on crypto exchange apps likely lost money on their bitcoin investments between 2015 and 2022. At the start of the COVID-19 pandemic, bitcoin stood at just over $5,000. Its price climbed to nearly $69,000 by November 2021, during high demand for technology assets, but later crashed during an aggressive series of rate hikes by the Federal Reserve. And the late-2022 collapse of FTX significantly undermined confidence in crypto overall, with bitcoin falling below $17,000. Investors began returning in large numbers as inflation started to cool — and gains skyrocketed on the anticipation and then early success of spot ETFs, and again, now the post-election frenzy. But lighter regulation from the coming Trump administration could also mean less guardrails. This story has been corrected to refer to Anchorage Digital as a crypto custodian, not a crypto asset manager.2 ezbet



In a statement released shortly after the incident, Alibaba acknowledged the fire and expressed gratitude to the local authorities for their prompt action in containing the situation. The company emphasized that all necessary precautions had been taken to safeguard its data centers and ensure the continuity of its cloud services.ACCRA, Ghana (AP) — Ghana’s former leader John Dramani Mahama was declared the winner of the presidential election on Monday and pledged a “a life of limitless opportunity” for citizens after voters vented their anger over the country’s worst cost-of-living crisis in a generation. Previously president of the West African nation between 2012 and 2017, the 65-year-old Mahama received 56.5% of votes cast, or 6.3 million votes, the electoral commission said. His main opponent from the current governing party, Vice President Mahamudu Bawumia, conceded defeat on Sunday and got 41%, or 4.6 million votes. Electoral commissioner Jean Mensa said vote-counting continued in nine constituencies but would not change the final result. Turnout was just over 60%. Mahama had promised to “reset” the country on various fronts. His campaign prioritized the economy and largely appealed to young Ghanaians who saw the vote as a way out of the economic crisis . In his victory speech on Monday, Mahama said Ghana must be able to meet the basic needs of its people including affordable housing, health care, food, clean water, safe work and fair wages. “We want a Ghana that considers the well-being of all her citizens and affords them each the ability to live a life of dignity, a life of limitless opportunity,” he said. “This country, this land, is not for one person or for one family or for one tribe or ethnic group.” He said the last eight years under outgoing President Nana Akufo-Addo have "left a scar on our national psyche, which may take some time to erase.” Mahama’s win is viewed as following the trend of elections around the world, favoring opposition parties against incumbents. Mahama’s National Democratic Congress also won the majority in parliament. After Bawumia conceded defeat, celebrations broke out among opposition supporters in the capital, Accra, and elsewhere. Women and young people danced to music and trumpet blasts. The election for both the president and members of parliament was seen as a litmus test for democracy in a region shaken by extremist violence and coups . West Africa’s regional bloc, ECOWAS, called the election generally peaceful, not unusual for Ghana. The governing New Patriotic Party has struggled to resolve the economic crisis under outgoing Akufo-Addo. The former president is “the only person” who can fix the ailing economy in Ghana, one of West Africa’s economic powerhouses, said Jude Agbemava, a policy analyst who voted for him. The people made their disaffection known against a government that has lost goodwill, said Seidu Alidu, head of the department of political science at Ghana’s University of Legon. The economy is “largely a bread and butter issue for every Ghanaian,” Alidu said. “When the people elect you, they require you to do certain things for them. But it was also about the style of governance (because) even in other countries facing economic challenges, governments were being honest with the people, telling them what the reality is, and the steps they have taken to manage it.”

In conclusion, the Original HarmonyOS 2024 Annual Pioneer List is not just a celebration of the top users of the operating system, but also a testament to the ongoing innovation and excellence that HarmonyOS embodies. With its upgraded experience, surprises, and rewards, this event serves as a fitting tribute to the dedication and passion of HarmonyOS users worldwide. So, get ready to unlock a world of possibilities with HarmonyOS and stay tuned for the big reveal of the Annual Pioneer List!In addition to its narrative structure, "Four Seas Brotherhood" also stands out for its visually stunning cinematography, evocative production design, and mesmerizing score. The film transports viewers to the vibrant and dangerous world of 1920s Shanghai, immersing them in the opulence of the gangster underworld while also underscoring the brutal realities of power and consequence.Alibaba, one of the world's largest e-commerce and cloud computing companies, issued a statement addressing the incident and reassuring customers that all necessary measures were being taken to ensure minimal disruption to services. The company emphasized that the safety and security of customer data was their top priority, and that they were working diligently to restore normal operations as soon as possible.

TALLAHASSEE, Fla. (AP) — A state attorney in Florida told his staff he can’t legally help his elected replacement take over his seat because Gov. Ron DeSantis had already suspended the Democrat from the office, according to an internal email obtained by The Associated Press. An executive order issued by DeSantis in 2023 suspending then-State Attorney Monique Worrell from office is still in effect, argued state attorney Andrew Bain in a message sent to staff on Monday. The governor appointed Bain to the 9th Judicial Circuit to replace Worrell, who beat him in last month’s election to retake the Orlando metro area’s top prosecutor’s office. “While I accept the results of the election and wish to do everything I can to ensure the Office is successful going forward, I do not yet feel I can assist her in that transition,” Bain wrote. Worrell’s new term is slated to begin Jan. 7, 2025. She is one of two elected state attorneys, both Democrats, who DeSantis has removed from office. DeSantis said Worrell failed to prosecute minors and didn’t seek mandatory minimum sentences for gun crimes, putting her central Florida district in danger. She disputed his criticism as false and politically driven . DeSantis and other Republicans across the U.S. have called Democratic prosecutors’ decisions into question. RELATED COVERAGE AP All-ACC: Miami QB Ward honored as offensive player and newcomer of the year Lara Trump stepping down as RNC co-chair and addressing speculation about Florida Senate seat Trump taps his attorney Alina Habba to serve as counselor to the president Bain said in the email shared with the AP that Worrell’s suspension must be resolved by either another executive order by DeSantis or a decision by the Florida Senate, which reviews the cases of elected officials suspended from office. “Without one of these things, I do not feel I can lawfully assist in a transition to an individual whose lawful suspension was affirmed by the Florida Supreme Court ,” Bain wrote. “We are living through an unprecedented legal event without clear answers.” Representatives for Bain did not respond to phone and email inquiries from the AP. A statement posted to the state attorney’s website Monday appeared to contradict Bain’s message to staff. “The state attorney is ready and willing to ensure a smooth transition,” reads a message released by the agency’s public information office. “The state attorney’s term ends Jan. 6, 2025, and he will no longer be in office. Ms. Worrell’s term will begin Jan. 7, 2025. It is the intent of the state attorney to enforce the will of the people.” Worrell criticized Bain’s statements as a “betrayal of democratic principles” and argued that the executive order suspending her expired with the 2024 election. “No executive order, no political maneuver, and certainly no personal grievance can override the will of the people,” Worrell said in a statement. “Any delay in the transition process is a direct affront to the very people this office serves.” A spokesperson for DeSantis pointed to the statement released by the state attorney’s public information office and didn’t respond to other questions from the AP. ___ Kate Payne is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.Title: The Case of 39 Failed Search and Rescue Dogs in Yunnan Fire Department: "Recruitment Exam" Criticized for Low Success Rate

NoneGalaxy aim to complete journey back to top in MLS Cup finalThe repercussions of Ashworth's sacking are being felt throughout the organization, with some staff members even considering jumping ship to avoid the uncertainty and instability that now hangs over the club. The sense of loyalty and dedication that once characterized Manchester United's workforce has been shaken to its core, with employees feeling undervalued and disposable in the face of management decisions.

The fire, although contained, has raised questions about the resilience and backup systems of Alibaba's data centers. Many customers rely on Alibaba Cloud for critical business operations and data storage, and any disruption in services could have severe consequences. The company has stated that they will be conducting a thorough investigation into the cause of the fire and implementing additional safety measures to prevent similar incidents in the future.Ruben Amorim says he’s close to knowing his best Manchester United line-up. Appointed following the sacking of Erik ten Hag in late October, the Portuguese tactician officially started work as United’s head coach on November 11, 2024 and has overseen four games across all competitions since. His debut game in the dugout ended in a 1-1 draw away at Ipswich Town which was followed up by back-to-back home wins over Bodo/Glimt - in the Europa League - and the 4-0 thrashing of Everton . More recently though, Amorim tasted defeat for the first time as Man United boss as his side were beaten 2-0 by Arsenal on Wednesday night . What was interesting about the game in North London, certainly before kick-off was the visitors’ starting line-up as Amorim continued his theme of heavy squad rotation as he looks to manage his players' workloads and hand minutes to those who have recently returned from injury. And after plenty of experimenting, the 39-year-old has revealed he is getting closer to knowing the ideal line-up for his 3-4-2-1 system. "More or less [I am close to knowing my best line-up], yes," he told reporters. "You have an idea, but then you have the problem of players returning without training and then you have to manage the load. So you also have the same problem. "But then you have to imagine and understand what kind of player you have. Bruno Fernandes, you feel it, against Arsenal, in the end, he was a little bit tired, but you know he is going to recover very well. “Manuel Ugarte, I've known for so long; I know that he needs sometimes a little bit more time. "So we are in that process, to know the players and trying to manage that, but we're getting closer to an idea, yes." Plenty of eyes will be on Amorim’s team selection for Saturday’s Premier League clash against Nottingham Forest especially with Lisandro Martinez and Kobbie Mainoo available again after suspension .

NoneLawyer says ex-Temple basketball standout Hysier Miller met with NCAA for hours amid gambling probeBrock Purdy and Nick Bosa are not available for the San Francisco 49ers when they enter Green Bay with designs on finding their finishing kick on Sunday afternoon. Purdy is out with a right shoulder injury and won't leave the sideline at Lambeau Field, head coach Kyle Shanahan said Friday, when he also declared Bosa out and confirmed journeyman Brandon Allen would make his 10th career start at quarterback. "Outside of here people haven't seen a lot of Brandon. But it's his second year (with the 49ers)," Shanahan said. "Obviously guys want Brock up, but guys are excited to see Brandon play." Shanahan said the 49ers are "a little surprised" Purdy experienced tightness and discomfort in his shoulder after an MRI exam on Monday that showed no long-term cause for concern. "The way it responded this week, it's really up in the air for next week," Shanahan said of Purdy's long-term prognosis. Allen's last NFL start on the road was with the Bengals at the Ravens in 2020. Allen completed 6 of 21 passes for 48 yards with two interceptions. He finished with a passer rating of 0.0 in a 38--3 loss. "It's definitely an opportunity for me to go out and play well and put our guys in a good position to win the game," Allen said Friday. "And obviously we want Brock back and healthy and all that, but for time being, it is an opportunity for me." Purdy took the practice field Thursday with the intent to participate. His shoulder tightened significantly, and the 49ers ushered him off the field to meet with trainers. Purdy beat the Packers in the NFC divisional playoffs at San Francisco in January, but Allen is familiar to Packers head coach Matt LaFleur. LaFleur was an assistant coach with the Rams during Allen's two-year run in Los Angeles. Allen broke into the NFL in 2016 with the Jaguars and is 2-7 in nine career starts. He went 1-2 with the Broncos in 2019 and 1-5 in six starts over two years with the Bengals in 2020 and ‘21. A victory against the visiting 49ers on Sunday would bolster the Packers' playoff chances, send a conference rival below .500 and avenge a bitter playoff defeat. Those seemingly rank in no particular order for the Packers (8-3), although they don't shy from living at least partially in the past ahead of a Week 12 showdown. San Francisco eliminated Green Bay 24-21 in the NFC divisional playoffs last season, scoring 10 unanswered points in the fourth quarter. "That's what you've got to sit with all offseason, is going back, watching the game, trying to see what you could have done better," Packers quarterback Jordan Love said. "What you could have done differently in that game. ... Just knowing that's the team that knocked us out, we're definitely hungry for this game." Ditto for San Francisco. The 49ers fell to 5-5 after last week's 20-17 home loss to Seattle, done in by Geno Smith's 13-yard touchdown run with 12 seconds to play. Still only a game behind NFC West-leading Arizona, the reigning conference champion 49ers are just 1-3 in division play and can ill afford to lose more ground. A visit to AFC East leader Buffalo awaits after the trip to Green Bay. While they're dealing with plenty of not-so-good news on the injury front, the 49ers do anticipate the return of other contributors. Cornerback Charvarius Ward, who missed the past two games following the death of his 1-year-old daughter, practiced Wednesday. Tight end George Kittle also is eager to play after a nagging hamstring injury sidelined him against the Seahawks. "Very excited," Kittle said. "Can't pass up playing the Packers, so no, I will be out there for sure." Allen was a three-year starter at Arkansas but has been a journeyman backup since entering the NFL in 2016 as the 201st overall pick of the Jaguars. Shanahan and LaFleur have been fierce competitors since twice working together, first as low-level assistants with the Texans in 2008, then on the so-called "dream team" staff in Washington that also included Sean McVay, Mike McDaniel and Raheem Morris; and two seasons with the Falcons (2015, 2016) where LaFleur was quarterbacks coach and Shanahan called the plays. Shanahan scored the most recent win over LaFleur in January. Green Bay has won seven of the past eight regular-season meetings between the franchises. But the familiarity and shared-brain approach to offense that has the coaches completed each other's play calls has led to some tight games. The past three at Lambeau Field were all decided by three points. Green Bay, which hosts a home game on Thanksgiving next Thursday, is starting a run of three games in 12 days. They'll play back-to-back Thursday games. Their Week 14 game is at Detroit. That might make it good news for LaFleur that surprising contributors have emerged of late. Packers wideout Christian Watson had a career-best 150 receiving yards on only four catches during last week's 20-19 road win against the Chicago Bears. His diving 60-yard reception in the fourth quarter put the Packers in position for Love's go-ahead, 1-yard scoring run with 2:59 to play. Watson entered the game with eight catches for 83 yards over his previous three contests, but LaFleur assured Watson remains a "big part" of the attack. "He's a guy who's got every measurable known to man in terms of the size, the speed, and it's not like those were easy plays he was making," LaFleur said. "He was making tough, contested catches." San Francisco will aim to generate more pressure against Love than the Bears, who sacked him just once. The 49ers collected four sacks against the Seahawks, with Bosa and Leonard Floyd contributing 1.5 apiece. Recent regular-season history between the Packers and 49ers at Lambeau Field has favored Green Bay. The Packers have won seven of their past eight home games against the 49ers and are 22-11 versus San Francisco at home all-time. Green Bay leads the series 34-28-1. --Field Level MediaMicrosoft, on the other hand, has also seen strong sales momentum in November, driven in large part by the launch of the Xbox Series X and Series S. The next-generation consoles have been well-received by consumers, with many praising the devices for their powerful performance and innovative features. Microsoft's aggressive marketing strategies and strong lineup of exclusive titles have further bolstered sales, putting the company in a favorable position to achieve its annual sales goals.

SMU feeling good heading into ACC opener against Virginia

In the highly anticipated UEFA Champions League clash, Inter Milan has decided to rotate their squad as they prepare to face off against Lazio in a crucial showdown. This decision comes as Inter manager, Antonio Conte, sets his sights on securing a victory against their Italian rivals to solidify their position as one of the top teams in Europe.MPs have backed a new law aimed at preventing terror attacks at events venues, including nightclubs, concert halls and churches. The Terrorism (Protection of Premises) Bill, also known as Martyn’s Law , will compel all UK venues with a capacity of more than 200 people to have plans for an attack on their premises. Figen Murray campaigned for the law after her 29-year-old son Martyn Hett died in the Manchester Arena bombing, at the end of an Ariana Grande concert in May 2017. The Bill, which passed its third reading without a division, will now face scrutiny in the House of Lords. Security minister Dan Jarvis told the Commons at the Bill’s third reading: “After seven years, and as Figen has said, it’s time to get this done.” He had earlier described the draft law as “one part of our already extensive efforts across Government including those of the police and the security services to combat the threat of terrorism”. Mr Jarvis added: “The first responsibility of any Government is to keep the public safe and this cross-party commitment to improve the safety and security of venues in the wake of the Manchester Arena attack must be delivered without further delay.” Conservative shadow home office minister Matt Vickers replied: “Implementing this legislation will require us all to work together. “National security is a collective endeavour. “Organisations affected by these changes are acutely aware of their responsibility. “They understand the importance of protecting their customers from terror and are committed to ensuring that people can attend concerts, exhibitions and performances with the confidence that they are safe. “It’s in this spirit of collaboration and mutual responsibility which will ultimately make the provisions in Martyn’s Law a success. “This responsibility goes both ways, just as we expect venues to take the necessary steps in this Bill, they expect the Government to approach its implementation in a measured and sensible manner.” Venues hosting qualifying events will have to report to the Security Industry Authority (SIA) watchdog, which will have investigation and enforcement powers. Operators may need to make changes to comply with the rules, by locking doors, closing shutters and identifying safe escape routes. Big venues expected to host 800 or more individuals will face an “enhanced duty”, looking at how people move in and out of events, and the security of information which might be useful to a person preparing an attack. Some MPs raised fears small venues may be unable to cope with the new requirements, including the Liberal Democrats’ shadow attorney general Ben Maguire who said: “There are of course concerns from many micro and small businesses about the financial impacts and the additional bureaucracy that these requirements may bring.” He called for “a practical training plan” for business staff and event volunteers. Jim Shannon, the DUP MP for Strangford, said: “What we’re doing tonight in this debate is we’re asking our churches, our charities, our missionary groups, those who run community halls to consider these things, who have no experience.” He added that churches tell him “they want to be equipped, they want to be able to respond”, and Mr Jarvis pledged to “work closely with” religious institutions which are covered in the Bill to provide them with support.PHILADELPHIA (AP) — Former Temple basketball standout Hysier Miller sat for a long interview with the NCAA as it looked into concerns about unusual gambling activity, his lawyer said Friday amid reports a federal probe is now under way. “Hysier Miller fully cooperated with the NCAA’s investigation. He sat for a five-hour interview and answered every question the NCAA asked. He also produced every document the NCAA requested,” lawyer Jason Bologna said in a statement. “Hysier did these things because he wanted to play basketball this season, and he is devastated that he cannot.”

So, brace yourselves, football fans, for the arrival of Real Madrid and their new superstars. The stage is set, the players are ready, and the world is watching. This is where legends are made, where dreams are realized, and where the magic of football comes alive. Real Madrid, here they come!Worli Maharashtra Assembly Election Results 2024: Aaditya Thackeray vs Milind Deora vs Sandeep Deshpande, who's winning?

Title: The Case of 39 Failed Search and Rescue Dogs in Yunnan Fire Department: "Recruitment Exam" Criticized for Low Success Rate

In a recent disturbing incident, more than 50 elderly individuals who had signed up for a seemingly tempting $9.9 day tour were left stranded at the roadside, raising serious concerns about the safety and ethical practices of budget tour operators.NEW YORK (AP) — Bitcoin topped $100,000 for the first time this week as a massive rally in the world's most popular cryptocurrency, largely accelerated by the election of Donald Trump, rolls on. The cryptocurrency officially to rose six figures Wednesday night, just hours after the president-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission. Bitcoin has soared since Trump won the U.S. presidential election on Nov. 5. The asset climbed from $69,374 on Election Day, hitting as high as $103,713 Wednesday, according to CoinDesk. And the latest all-time high arrives just two years after bitcoin dropped below $17,000 following the collapse of crypto exchange FTX . Bitcoin fell back below the $100,000 by Thursday afternoon, sitting above $99,000 by 4 p.m. ET. Even amid a massive rally that has more than doubled the value of bitcoin this year, some experts continue to warn of investment risks around the asset, which has quite a volatile history. Here’s what you need to know. Cryptocurrency has been around for a while now. But chances are you’ve heard about it more and more over the last few years. In basic terms, cryptocurrency is digital money. This kind of currency is designed to work through an online network without a central authority — meaning it’s typically not backed by any government or banking institution — and transactions get recorded with technology called a blockchain. Bitcoin is the largest and oldest cryptocurrency, although other assets like ethereum, XRP, tether and dogecoin have also gained popularity over the years. Some investors see cryptocurrency as a “digital alternative” to traditional money, but most daily financial transactions are still conducted using fiat currencies such as the dollar. Also, bitcoin can be very volatile, with its price reliant on larger market conditions. A lot of the recent action has to do with the outcome of the U.S. presidential election. Trump, who was once a crypto skeptic, has pledged to make the U.S. “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. His campaign accepted donations in cryptocurrency and he courted fans at a bitcoin conference in July. He also launched World Liberty Financial, a new venture with family members to trade cryptocurrencies. On Thursday morning, hours after bitcoin surpassed the $100,000 mark, Trump congratulated “BITCOINERS” on his social media platform Truth Social. He also appeared to take credit for the recent rally, writing, “YOU’RE WELCOME!!!” Top crypto players welcomed Trump’s election victory last month, in hopes that he would be able to push through legislative and regulatory changes that they’ve long lobbied for — which, generally speaking, aim for an increased sense of legitimacy without too much red tape. And the industry has made sizeable investments along the way. Back in August, Public Citizen, a left-leaning consumer rights advocacy nonprofit, reported finding that crypto-sector corporations spent more than $119 million in 2024 to back pro-crypto candidates across federal elections. Trump made his latest pro-crypto move when he announced his plans Wednesday to nominate Atkins to chair the SEC. Atkins was an SEC commissioner during the presidency of George W. Bush. In the years since leaving the agency, Atkins has made the case against too much market regulation. He joined the Token Alliance, a cryptocurrency advocacy organization, in 2017. Under current chair Gary Gensler, who will step down when Trump takes office, the SEC has cracked down on the crypto industry — penalizing a number of companies for violating securities laws. Gensler has also faced ample criticism from industry players in the process. One crypto-friendly move the SEC did make under Gensler was the approval in January of spot bitcoin ETFs, or exchange trade funds, which allow investors to have a stake in bitcoin without directly buying it. The spot ETFs were the dominant driver of bitcoin's price before Trump's win — but, like much of the crypto’s recent momentum, saw record inflows postelection. Bitcoin surpassing the coveted $100,000 mark has left much of the crypto world buzzing. “What we’re seeing isn’t just a rally — it’s a fundamental transformation of bitcoin’s place in the financial system,” Nathan McCauley, CEO and co-founder of crypto custodian Anchorage Digital, said in a statement — while pointing to the growth of who's entering the market, particularly with rising institutional adoption. Still, others note that the new heights of bitcoin's price don't necessarily mean the asset is going mainstream. The $100,000 level is “merely a psychological factor and ultimately just a number,” Dan Coatsworth, investment analyst at British investment company AJ Bell, wrote in a Thursday commentary . That being said, bitcoin could keep climbing to more and more all-time highs, particularly if Trump makes good on his promises for more crypto-friendly regulation once in office. If Trump actually makes a bitcoin reserve, for example, supply changes could also propel the price forward. “It is hard to overstate the magnitude of the change in Washington’s attitude towards crypto post-election,” Matt Hougan, chief investment officer at Bitwise Asset Management, said via email Thursday, reiterating that prices could keep rising if trends persist. “There is a lot more demand than there is supply, and that’s usually a pretty good recipe for success.” Still, as with everything in the volatile cryptoverse, the future is never promised. Worldwide regulatory uncertainties and environmental concerns around bitcoin “mining" — the creation of new bitcoin, which consumes a lot of energy — are among factors that analysts like Coatsworth note could hamper future growth. And, as still a relatively young asset with a history of volatility, longer-term adoption has yet to be seen through. Today’s excitement around bitcoin may make many who aren’t already in the space want to get in on the action. For those in a position to invest, Hougan says it's not too late — noting that bitcoin is still early in its development and most institutional investors “still have zero exposure.” At the same time, Hougan and others maintain that it's important to tread cautiously and not bite off more than you can chew. Experts continue to stress caution around getting carried away with crypto “FOMO,” or the fear of missing out, especially for small-pocketed investors. “A lot of people have got rich from the cryptocurrency soaring in value this year, but this high-risk asset isn’t suitable for everyone,” Coatsworth noted Thursday. “It’s volatile, unpredictable and is driven by speculation, none of which makes for a sleep-at-night investment.” In short, history shows you can lose money in crypto as quickly as you’ve made it. Long-term price behavior relies on larger market conditions. Trading continues at all hours, every day. Coatsworth points to recent research from the Bank for International Settlements, a Switzerland-based global organization of central banks, which found that about three-quarters of retail buyers on crypto exchange apps likely lost money on their bitcoin investments between 2015 and 2022. At the start of the COVID-19 pandemic, bitcoin stood at just over $5,000. Its price climbed to nearly $69,000 by November 2021, during high demand for technology assets, but later crashed during an aggressive series of rate hikes by the Federal Reserve. And the late-2022 collapse of FTX significantly undermined confidence in crypto overall, with bitcoin falling below $17,000. Investors began returning in large numbers as inflation started to cool — and gains skyrocketed on the anticipation and then early success of spot ETFs, and again, now the post-election frenzy. But lighter regulation from the coming Trump administration could also mean less guardrails. This story has been corrected to refer to Anchorage Digital as a crypto custodian, not a crypto asset manager.The versatility and practicality of the Xiaomi Smart Socket 3 make it a must-have accessory for any modern home. Whether you want to automate your lighting, monitor your energy consumption, or simply make your life easier, this smart socket has you covered. And with its affordable price of just ¥38.8 during the South Mountain Coupons Nationwide Shopping event, there's no reason not to add this handy device to your collection.

One key strategy for investors to consider during a bullish market is to diversify their portfolio. By spreading their investments across different sectors and asset classes, investors can reduce their overall risk exposure and enhance their chances of generating consistent returns. In addition, diversification can help investors capture opportunities in various market segments and adapt to changing market conditions.Five years since its inception, a US development agency competes with China on global projectsRecently, the Bu incident has sent shockwaves throughout the community as several individuals have been taken into custody by law enforcement and subjected to criminal coercive measures. The case, which has captivated the public's attention, continues to unfold as authorities work tirelessly to unravel the complexities surrounding the circumstances of the incident.

JERUSALEM (AP) — Israel unleashed its largest wave of airstrikes across Lebanon since agreeing to a ceasefire with Hezbollah last week, killing at least 11 people on Monday after the Lebanese militant group fired a volley of projectiles as a warning over what it said were Israeli truce violations . The projectiles were apparently the first time that Hezbollah took aim at Israeli forces after the 60-day ceasefire went into effect last Wednesday. The increasingly fragile truce aimed to end more than a year of war between Hezbollah and Israel — part of a wider regional conflict sparked by the devastating Israel-Hamas war in Gaza . In the United States, President-elect Donald Trump demanded the immediate release of Israeli hostages held by the Palestinian militant Hamas group in Gaza, saying on social media that if they are not freed before he takes office in January there would be “HELL TO PAY.” It was not immediately clear whether Trump was threatening to directly involve the U.S. military in Israel’s ongoing war in Gaza. The U.S. has given Israel crucial military and diplomatic support throughout the nearly 15-month conflict. A new exchange of fire threatens Lebanon ceasefire Lebanon’s Health Ministry said an Israeli airstrike on the southern village of Haris killed five people and wounded two while another airstrike on the village of Tallousa killed four and also wounded two. Israel's military carried out a string of airstrikes late Monday against what it said were Hezbollah fighters, infrastructure and rocket launchers across Lebanon, in response to Hezbollah firing two projectiles toward Mount Dov — a disputed Israeli-held territory known as Shebaa Farms in Lebanon where the borders of Lebanon, Syria, and Israel meet. Israel said the projectiles fell in open areas and no injuries were reported. Hezbollah said in a statement that it fired on an Israeli military position in the area as a “defensive and warning response” after what it called “repeated violations” of the ceasefire deal by Israel. It said complaints to mediators tasked with monitoring the ceasefire “were futile in stopping these violations.” Before the Hezbollah projectiles, Israeli carried out at least four airstrikes and an artillery barrage in southern Lebanon, including a drone strike that killed a person on a motorcycle, according to Lebanese state media. Another strike killed a corporal in the Lebanese security services. Israel has said its strikes are in response to unspecified Hezbollah violations, and that under the ceasefire deal it reserves the right to retaliate. Lebanon’s parliament speaker, Nabih Berri, accused Israel of violating the truce more than 50 times in recent days by launching airstrikes, demolishing homes near the border and violating Lebanon's airspace. Officials in the U.S. — which along with France helped broker the truce and heads a commission meant to monitor adherence to the deal — played down the significance of Israeli strikes. White House national security spokesman John Kirby said, “Largely speaking, the ceasefire is holding.” “We’ve gone from dozens of strikes down to one a day maybe two a day,” Kirby told reporters, referring to Israeli strikes. “We’re going to keep trying and see what we can do to get it down to zero.” Under the deal, Iran-backed Hezbollah has 60 days to withdraw its fighters and infrastructure from southern Lebanon. During that time, Israeli troops are also to withdraw to their side of the border. ‘RELEASE THE HOSTAGES NOW!’ In a post on his Truth Social site, Trump called for Palestinian militants to free all of the roughly 100 Israeli hostages still held inside Gaza , around two-thirds of whom are believed to be alive. If not, Trump said, “Those responsible will be hit harder than anybody has been hit in the long and storied History of the United States of America. RELEASE THE HOSTAGES NOW!” Hours earlier, the Israeli government confirmed the death of Omer Neutra, a dual U.S.-Israeli citizen, whose body is still believed to be held by Hamas in Gaza, according to the Israeli government. The Biden administration is mounting a last-ditch effort to try to restart talks between Israel and Hamas. Israeli Prime Minister Benjamin Netanyahu’s office declined to comment on Trump's post though President Isaac Herzog welcomed it. Fears of hunger mount in Gaza In Gaza, meanwhile, alarm is mounting over increasing hunger. The amount of food allowed in by Israel has plunged over the past two months, compounded by a decision Sunday by the United Nations to halt aid deliveries from the main crossing into the territory because of the threat of armed gangs looting convoys. Experts have already warned of famine in the northernmost part of Gaza , which Israeli forces have almost completely isolated since early October, saying they're fighting regrouped Hamas militants there. Displaced families have set up tents surrounded by piles of garbage on the streets of Gaza City. Bilal Marouf, 55, said he and 11 family members fled the Israeli offensive “barefoot and naked.” “We had nothing. Hunger and thirst killed us, and we did not have a single shekel, nor clothes, nor a mattress, nor a blanket,” he said, speaking near his tent. Israel’s campaign in Gaza, triggered by Hamas’ Oct 7, 2023 attack on southern Israel, has driven almost the entire population of the territory from their homes. Hundreds of thousands of Palestinians now live in squalid tent camps, relying on international aid. The Israeli military said it allowed 40 trucks carrying 600 tons of flour for the World Food Program to enter the southern Gaza Strip on Sunday night, as well as 16 other food trucks. Israel has said it is working to increase the flow of aid. November saw an increase in the average number of humanitarian trucks it let into Gaza, up to 77 daily from 57 the month before, according to official Israeli figures. But the levels are still nearly the lowest of the entire 15-month war. And the U.N. says less than half of that actually reaches Palestinians because Israeli military restrictions, fighting and robberies make it too dangerous to deliver the aid. The World Food Program was able to only deliver aid to some 300,000 Palestinians in November across the Gaza Strip due to ongoing Israeli military offensives and the looting of convoys, Carl Skau, WFP’s deputy executive director, said Monday. In a tent camp in the central Gaza town of Deir al-Balah, Palestinians lined up at makeshift mud ovens trying to buy a few loaves of flatbread for their families. With the price of flour mounting because of scarcity, the bakers — women displaced from further north — said they could bake less bread, and families could afford far less. “They divide them to their children, one loaf every day,” said one woman baker, Wafaa al-Attar. Abou AlJoud reported from Beirut. Associated Press writer Fatma Khalid in Cairo contributed to this report. Follow AP’s war coverage at https://apnews.com/hub/mideast-wars

An energized SMU squad will carry a three-game winning streak against up-and-down Virginia in the Atlantic Coast Conference opener for each team on Saturday in Dallas. The game is the first for the Mustangs' basketball team as a member of one of the nation's perennial powerhouse leagues, but don't expect SMU (7-2) to wilt in the spotlight. The Mustangs lambasted Alabama State 101-72 on Tuesday in their most recent outing. Their two losses came against Butler on the road by 11 points and against Mississippi State at home by five. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. The Trace spotlights Lieutenant Valerie Martinez-Jordan, who has trained over 2,000 officers in a Louisiana program that prevents abusers from accessing firearms, even as federal laws become looser. Click for more. In a deep-red state, this lieutenant's blueprint for removing guns from abusers is spreading


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