According to a Fox Business report on Aug. 7, a new advocacy group called “Crypto for Harris” has been launched to battle rival Donald Trump’s industry appeal. The group is planning a virtual town hall meeting next week to support the Harris campaign and promote fundraising initiatives. Fox’s Eleanor Terrett reported that those speaking will […]
Bitcoin has gained around 17% since last weekend, which equates to around $9,000 over the past seven days or so. The asset was trading below $60,000 last weekend but surged to a six-week high above $68,000 on July 22. What has been driving market momentum for the past week, and will it continue? Bitcoin Is […]
Crypto markets have made gains over the weekend, with total capitalization hitting a six-week high. All eyes are on PCE inflation data this week as it is the Federal Reserve’s preferred inflation measure and could influence a rate cut decision set for September. Additionally, a big shake-up in the U.S. presidential election race as Joe […]
TL;DR President Joe Biden said he will not compete in the US presidential elections, endorsing vice president Kamala Harris as the Democratic nominee, with significant party support. The disclosure caused volatility in the cryptocurrency market, with Biden-related meme coins dropping and a Harris-related token surging by nearly 90%. The Biden Effect The current President of […]
Despite the lower spot price overnight, data suggests considerable institutional interest in December 2024 $100,000 calls. This indicates an even stronger confidence in a year-end rally for the world’s largest crypto, particularly as the likelihood of former US President Donald Trump’s victory rises. Sizeable Institutional Interest In its latest update, crypto trading firm, QCP Capital […]
The Security and Exchange Commission’s accounting bulletin 121 (SAB 121) requires companies, including banks, to hold crypto assets for clients as a liability on their balance sheets. This makes it inefficient for large banks to offer crypto custody services. Both the House and Senate passed a bipartisan Congressional Review Act (CRA) resolution to nullify this guidance, […]
TL;DR Donald Trump promises to support Bitcoin and crypto mining if elected, which could result in surging BTC prices (according to ChatGPT). Broader economic conditions, such as inflation and Federal Reserve policies, might also significantly influence the asset’s future valuation. What Are BTC’s Chances? The US presidential elections, scheduled for November this year, are supposed […]
On June 5, Coinbase CEO Brian Armstrong reported that one million people have joined ‘Stand With Crypto’ as advocates for the industry, adding, “That’s a lot of voters!” He continued to state that 600,000 of these advocates joined after a Whitehouse veto threat, “and thousands mobilized around the back-to-back historic, bipartisan wins in the House […]
TL;DR Donald Trump was found guilty of 34 charges related to falsifying business records in a hush-money trial involving porn star Stormy Daniels. His conviction was followed by volatility in meme coins linked to him and Joe Biden. Trump Found Guilty A Manhattan jury found Donald Trump guilty of all 34 charges of falsifying business […]
Though Congress may appear to have turned pro-crypto, the President may still present a key obstacle to passing key legislation for the industry, according to Senator Cynthia Lummis (R-WY). During a Friday interview, the congresswoman shared her perspective on how Capitol Hill’s views on crypto are evolving, and which parties remain opposed to pro-crypto legislation. […]
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