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A meme coin called $VINE, launched by Vine cofounder Rus Yusupov, has quickly gained traction, surpassing a $200 million market cap following Elon Musk's hints at reviving the Vine app. As of 7 a.m. ET, it was trading at over 22 cents, with speculation it could reach $500 million. The launch coincides with a broader crypto market rally, fueled by Donald Trump's administration's pro-crypto stance, despite skepticism surrounding the volatility of meme coins.
Former UK Prime Minister Liz Truss expressed strong support for Bitcoin while voicing significant concerns about central bank digital currencies (CBDCs) during an interview. She argued that cryptocurrencies can diminish central banks' power, criticizing the Bank of England's lack of accountability and warning that CBDCs could lead to increased state control and surveillance. Truss emphasized the need for a debate on the governance and mandate of central banks to ensure more effective monetary policies.
The Bitcoin Conference will debut in the Middle East on December 9-10, 2024, at the ADNEC Centre in Abu Dhabi, featuring Eric Trump as the keynote speaker. This landmark event aims to explore Bitcoin's role in the region's evolving financial landscape, attracting industry leaders and innovators. Attendees will engage in discussions and connect with prominent figures, including Anthony Scaramucci and Saifedean Ammous, while experiencing a dynamic expo hall.
Peter McCormack
People
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Vine meme coin surges as Elon Musk hints at app revival
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15:03 23.01.2025
liz truss advocates for bitcoin and criticizes central bank digital currencies
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bitcoin conference to debut in abu dhabi featuring eric trump as speaker
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10:23 10.12.2024
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