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Coinbase Raises $1 Billion in Convertible Notes

Coinbase's Bold Move: Raising $1 Billion in Convertible Senior Notes In an audacious financial maneuver, Coinbase, the leading digital asset exchange in America, has announced a private offering aimed at raising $1 billion through convertible senior notes. This strategic decision not only underscores the growing confidence in the cryptocurrency market but also showcases the exchange's ambition to further solidify its position within the industry. Coinbase Stock Performance As of the latest trading session, Coinbase's stock, designated as COIN on the Nasdaq, experienced a notable uptick of 3%, bringing the share price to $263.86. Here’s a brief overview of its recent performance: Previous Close : $256 on Tuesday Intraday High : Surged above $268 on Wednesday morning Month-to-Date Growth : Nearly 90% Recent Peak : Reached its highest price since 2021 at $271.65 earlier this week The robust performance of COIN illustrates investors' renewed interest in crypt...
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling Donald Trump's Firm Stance Against US Central Bank Digital Currency

Former U.S. President Donald Trump has taken a firm stance against the creation of a U.S. central bank digital currency (CBDC) if reelected, labeling it as a "dangerous threat to freedom" during a campaign speech in New Hampshire. Trump's promise to shield Americans from potential government overreach was clear as he vowed, "as your President, I will never allow the creation of a central bank digital currency." This bold assertion underscores his belief that such a currency would grant the federal government unprecedented control over individuals' finances, warning that they could manipulate funds without detection. Trump's anti-CBDC position marks a shift from his previous crypto skepticism, signaling an attempt to court the pro-crypto constituency.

Trump's Stance on CBDCs

  • Trump declared CBDCs as a threat to freedom and vowed to prevent their introduction in the U.S.
  • He emphasized the potential dangers of a government-controlled digital currency, highlighting the risk of financial manipulation.

Support from Crypto Advocates

  • Former Presidential candidate Vivek Ramaswamy endorsed Trump's anti-CBDC stance, opting to support Trump post-Iowa caucuses.
  • Trump's release of NFT collections, generating millions in Ethereum sales, further solidifies his connection to the crypto community.

Campaign Trail Dynamics

  • The debate around crypto and U.S. CBDCs has intensified on the campaign trail, with Trump's rival Ron DeSantis vowing to "end Biden's war on Bitcoin" and banning CBDCs in Florida.
  • DeSantis also announced that Florida would accept Bitcoin as payment for state taxes from businesses, showcasing a pro-crypto stance in the political arena.

Former President Trump's unequivocal rejection of a U.S. central bank digital currency underscores his commitment to safeguarding financial autonomy and privacy for American citizens. His alignment with the crypto community and opposition to CBDCs represent a strategic shift in his campaign narrative, tapping into the growing influence of digital assets in the political landscape.

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