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Monero's XMR/USD price has increased 3.6% over the past 24 hours to $159.42. Over the past week, XMR has experienced an uptick of over 6.0%, moving from $152.35 to its current price. As it stands right now, the coin's all-time high is $542.33.

The chart below compares the price movement and volatility for Monero over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has risen 60.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.31%. This brings the circulating supply to 18.15 million. According to our data, the current market cap ranking for XMR is #25 at $2.89 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cryptocurrency Monero Up More Than 3% In 24 hours - Benzinga

WASHINGTON (AP) The Senate voted overwhelmingly Wednesday to continue congressional authorization for the use of military force in the global fight against terror, turning back an effort by Kentucky Sen. Rand Paul to repeal the 2001 measure.

Senators rejected the amendment 86-9 as they are debating a separate repeal of two authorizations of military force in Iraq. There is broad bipartisan support to withdraw that congressional approval granted in 1991 and 2002 for military strikes against Saddam Husseins regime.

While those two authorizations are rarely used and focused on just one country, Iraq, the 2001 measure gave President George W. Bush broad authority for the invasion of Afghanistan and the fight against terrorism, approving force against those nations, organizations, or persons that planned or aided the Sept. 11, 2001, attacks on the United States.

Passed in September 2001, it is still used to this day to justify U.S. military action against terror groups including al-Qaida and its affiliates, such as ISIS and al-Shabab that are deemed to be a threat against America.

The 2002 measure that launched the invasion of Iraq 20 years ago this week has been used much less frequently, and supporters of repealing it say it is vulnerable to abuse. President Joe Biden has said he supports that repeal.

Senators in both parties said they might be open to eventually replacing the 2001 authorization for the war on terror and narrowing its authority, but they argued that it should not be fully repealed. We have not yet had that substantive discussion, said Senate Foreign Relations Committee Chairman Bob Menendez, D-N.J., ahead of the amendment vote.

Paul said that by repealing only the Iraq authorizations, Congress is missing the point since Husseins regime no longer exists. By leaving the 2001 measure in place, Congress is keeping the authorization that approves war everywhere, all the time, he said.

The Senate is expected to vote next week to repeal the two Iraq measures. In a test vote this week, 19 Republicans voted with Democrats to move forward on the legislation.

Its unclear whether leaders in the Republican-controlled House will bring the bill up for a vote, even if it passes the Senate. Forty-nine House Republicans supported the legislation repealing the Iraq authorities when then-majority Democrats held a vote two years ago, but current House Speaker Kevin McCarthy, R-Calif., opposed it then.

McCarthy signaled this week that he is open to supporting the measure, but its unclear whether House Republicans will move the Senate bill without any changes. House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, said he is interested in replacing the two Iraq authorizations instead of just repealing them, a move that is unlikely to have support in the Senate.

McCaul met with Senate Majority Leader Chuck Schumer, D-N.Y., on Wednesday on the authorizations of military force and other issues.

Im going to be for replacement, he said coming out of that meeting. Ill see what the leadership does.

Virginia Sen. Tim Kaine, the lead Democratic author of the Senate bill to repeal the Iraq authorizations, said he believes bipartisan support in the House could move votes. Noting McCarthys new openness, he said he views the House as getting better and better every day on the issue.

Kaine and Indiana Sen. Todd Young, the Indiana Republican who is also leading the push, have argued that repeal will help the United States strategic partnership with Iraq.

That relationship I think is not lost on some of the members who were now willing to vote for repeal, Kaine said.

___

Associated Press writers Lisa Mascaro, Ellen Knickmeyer and Lolita Baldor contributed to this report.

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Senate votes to keep 2001 authorization for war on terror - The Associated Press

Reports are circulating that a cryptocurrency exchange is interested in acquiring Silvergate Capital Corps trade processing, causing a company stock price surge. This development follows a tumultuous period for the lender, which experienced a significant drop in share prices after disclosing its exposure to FTX in early March. J.P. Morgan responded by downgrading Silvergates stock rating to underweight and withdrawing its price target, citing concerns about the companys capitalization.

The challenges faced by Silvergate illustrate the interconnectedness and vulnerability of the crypto banking industry. The collapse of FTX left Silvergate exposed, leading to a nearly 50% decline in its stock prices. However, if the company can weather the storm, it may yield significant returns if the cryptocurrency industry enters a new bullish cycle. Since shifting its focus to serving the crypto sector in 2013, Silvergate has increased alongside the industry.

While the news of a potential buyout has caused a surge in Silvergates stock prices, it remains to be seen if the company can bounce back from its recent challenges and demonstrate its resilience.

The stock performance of SI or Silvergate Capital Corporation has been a topic of interest for investors and analysts alike. According to CNN Money, the stock has been on a rollercoaster since its initial public offering (IPO) in November 2019.

Initially priced at $12 per share, SIs stock price soared to $33.44 in February 2020. However, the outbreak of the COVID-19 pandemic led to a sharp decline in the stock price, which fell to a low of $5.87 in March 2020. Since then, the stock has been on a steady upward trajectory, reaching a high of $150.09 in February 2021.

The stocks performance can be attributed to several factors. Firstly, Silvergate Capital Corporation is a leading provider of innovative financial infrastructure solutions and services to the digital currency industry. As the popularity of cryptocurrencies like Bitcoin and Ethereum continues to grow, so does the demand for the services offered by Silvergate.

Secondly, the companys financial performance has been impressive. In Q4 2020, SI reported a net income of $14.1 million, up from $3.1 million in the same period in 2019. The companys assets increased from $2.1 billion in Q4 2019 to $4.2 billion in Q4 2020.

The companys strategic partnerships have also contributed to its stock performance. In February 2021, Silvergate announced a partnership with Fidelity Digital Assets to offer Bitcoin-backed loans to institutional investors. This partnership is expected to drive the demand for Silvergates services and boost its revenue growth.

In conclusion, the stock performance of Silvergate Capital Corporation has been impressive, with the companys innovative financial infrastructure solutions and services to the digital currency industry driving demand for its services. The companys financial performance and strategic partnerships have also contributed to its stock performance. As the popularity of cryptocurrencies continues to grow, Silvergate is well-positioned to capitalize on this trend and deliver value to its shareholders.

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Cryptocurrency Exchange Eyes Acquisition of Silvergate Capital ... - Best Stocks

Sen. Rand Paul (R-KY) and Rep. Chip Roy (R-TX) are teaming up on legislation to scrap the National Institute of Allergy and Infectious Diseases, which was led by Dr. Anthony Fauci for just shy of four decades.

NIAID is an agency that operates under the umbrella of the National Institutes of Health and seeks to develop treatments and countermeasures to infectious diseases. Under the NIH Reform Act announced Thursday, Paul and Roy are seeking to divvy up the NIAID into three separate research institutions.

WATCH: RAND PAUL SAYS FAUCI 'WEAPONIZED THE GOVERNMENT' IN LAB LEAK COVER-UP

Weve learned a lot over the past few years, but one lesson, in particular, is that no one person should be deemed 'dictator-in-chief.' No one person should have unilateral authority to make decisions for millions of Americans, Paul said in a statement. This will create accountability and oversight into a taxpayer-funded position that has largely abused its power."

The three successor institutions to NIAID would be the National Institute of Allergic Diseases, the National Institute of Infectious Diseases, and the National Institute of Immunologic Diseases. Directors of each agency must be confirmed via the Senate and would be capped at two five-year terms under the proposal.

Paul frequently grilled and sparred with Fauci over his counsel and activity surrounding the coronavirus pandemic. Recently, Paul alleged that Fauci "weaponized the NIAID."

From the earliest days of the pandemic, unaccountable public health bureaucracies proved themselves far more adept at ruining lives than saving them. Never again should a single individual, like Dr. Anthony Fauci, wield unchecked power and influence over the lives of the American people. Breaking up Dr. Faucis taxpayer-funded bully pulpit into three separate agencies," Roy said.

A press release for the NIH Reform Act likened Fauci's tenure to that of former FBI Director J. Edgar Hoover, who was notorious for weaponizing the FBI against political foes.

"In the aftermath of J. Edgar Hoovers decades-long tenure as head of the FBI, Congress passed a law in 1976 limiting the FBI Director to a single 10-year term," the release said. "Congress must enact the NIH Reform Act to ensure that one official cannot claim the unquestioned authority to dictate the governmental responses to public health questions."

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Sens. Mike Lee (R-UT), Marsha Blackburn (R-TN), Mike Braun (R-IN), and Josh Hawley (R-MO) co-sponsored the bill. Fauci stepped down as the head of the NIAID and as President Joe Biden's chief medical adviser late last year.

The Washington Examiner contacted an NIAID representative for comment.

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Rand Paul and Chip Roy propose scrapping federal agency Fauci led - Washington Examiner

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IrelandUruguay, Eastern Republic ofUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet Nam, Socialist Republic ofWallis and Futuna IslandsWestern SaharaYemenZambia, Republic ofZimbabwe

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Ann Coulter: Heavy D don't tweet, he acts - Northwest Georgia News