Ghanaian striker Winfred Amoah scores in St. Poltenâs 3-2 victory against Floridsdorfer ACSubscribe Search Search Sort by Relevance Title Date Subscribe ALBAWABA - Sunday morning saw Hezbollah unleash an unprecedented series of rocket attacks on Israel, including Tel Aviv and Haifa. Online footage shows mayhem and devastation from the strikes. Hezbollah militants continue to combat Israel on multiple fronts. Also Read Which countries to arrest Netanyahu and which offered asylum following ICC arrest warrant? The militant group said these operations supported Gazans and defended Lebanon against Israeli attack. Hezbollah targeted Israeli military positions and infrastructure throughout day with high-precision missiles and kamikaze drones. They included Hezbollah attacks on Ashdod naval facility and Glilot military base near Tel Aviv, which housed Israel's military intelligence. Artillery sites, settlements, and vital military installations in northern and central Israel were heavily damaged by additional strikes. Rockets hit a Tel Aviv train station, sending passengers and soldiers fleeing, according to social media videos. Another viral video showed a missile crash in Petah Tikva, east of Tel Aviv, damaging a building. صفارات الإنذار تدوي بعد هجوم صاروخي لـ"حزب الله" اللبناني استهدف مصنعا في بلدة معالوت شمال إسرائيل وأسفر عن إصابة امرأة وأضرار مادية بواجهة المصنع #الشرق #الشرق_للأخبار pic.twitter.com/zqNnV34kUd — Asharq News الشرق للأخبار (@AsharqNews) November 24, 2024 Israeli life was interrupted by rising attacks. Rocket fire from Lebanon interrupted air traffic at Ben Gurion Airport and resonated across central Israel. Ten rockets were fired at Tel Aviv, increasing the tension, according to the Israeli Broadcasting Authority. As night fell, Hezbollah claimed strikes on the Northern Command headquarters and artillery batteries near Lebanon. Concerns about regional consequences arise from these attacks, which sharply escalate the conflict. Osama Ali is an accomplished English content writer and news writer. With a strong command of language and a flair for storytelling. His expertise lies in delivering accurate and well-researched news pieces, ensuring that information is presented clearly and concisely. A dedicated professional who stays up-to-date with the latest trends in the English writing industry, consistently producing high... Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news Subscribe to our newsletter for exclusive updates and enhanced content Subscribe
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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 just above $99,000 by 3 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. Back up. What is cryptocurrency again? 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. Why is bitcoin soaring? 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. What does bitcoin hitting the $100k mark mean? Could it keep climbing? 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. Is it too late to invest? What are the risks? 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.
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The Milwaukee Bucks face the Miami Heat in a regular season game on Tuesday, Nov. 26, 2024 (11/26/24) at Kaseya Center in Miami, Fla. How to watch: Fans can watch the game for free via a trial of DirecTV Stream . You can also watch via a subscription to Sling TV , which is offering half off your first month. Here’s what you need to know: What : NBA regular season Who : Bucks vs. Heat When : Tuesday, Nov. 26 (11/26/24) Time : 7:30 p.m. ET Where : Kaseya Center TV : TNT Live stream : DirecTV Stream (free trial) *** Here’s a preview capsule via the Associated Press: Milwaukee Bucks (8-9, sixth in the Eastern Conference) vs. Miami Heat (7-7, fifth in the Eastern Conference) Miami; Tuesday, 7:30 p.m. EST BETMGM SPORTSBOOK LINE: Heat -2; over/under is 221.5 BOTTOM LINE: Miami hosts the Milwaukee Bucks after the Heat took down the Dallas Mavericks 123-118 in overtime. The Heat are 5-4 in Eastern Conference games. Miami is 3-2 in games decided by 10 or more points. The Bucks are 6-8 in Eastern Conference play. Milwaukee is the Eastern Conference leader with 35.5 defensive rebounds per game led by Giannis Antetokounmpo averaging 9.8. The Heat’s 14.9 made 3-pointers per game this season are only 0.1 more made shots on average than the 14.8 per game the Bucks allow. The Bucks average 113.1 points per game, 2.5 more than the 110.6 the Heat allow to opponents. TOP PERFORMERS: Bam Adebayo is averaging 16.5 points, 9.6 rebounds, four assists and 1.7 steals for the Heat. Brook Lopez is scoring 12.3 points per game and averaging 5.4 rebounds for the Bucks. LAST 10 GAMES: Heat: 5-5, averaging 114.1 points, 44.7 rebounds, 24.7 assists, 10.2 steals and 3.5 blocks per game while shooting 44.5% from the field. Their opponents have averaged 111.3 points per game. Bucks: 7-3, averaging 114.1 points, 44.0 rebounds, 24.7 assists, 8.3 steals and 6.3 blocks per game while shooting 48.3% from the field. Their opponents have averaged 109.1 points. RECOMMENDED • nj .com What channel is the Milwaukee Bucks vs. Miami Heat game tonight (11/26/24)? FREE LIVE STREAM, Time, TV, Chann Nov. 26, 2024, 1:30 p.m. What channel is the Chicago Bulls vs. Milwaukee Bucks game tonight (11/20/24)? FREE LIVE STREAM, Time, TV, Ch Nov. 20, 2024, 1:30 p.m. INJURIES: Heat: Terry Rozier: out (foot). Bucks: Khris Middleton: day to day (ankle), AJ Johnson: day to day (achilles). Thank you for relying on us to provide the journalism you can trust. Please consider supporting us with a subscription.
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