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Bitcoin Cash (BCH) has gone up 14% in the last 24 hours and is now at its best level since the middle of June. This happens as Bitcoin (BTC) gets closer to $70,000 after going up 3% in 24 hours. At the moment, BCH is selling at about $69,503, just a little below its day high of over $69,800. There has been pressure to sell Bitcoin Cash because of possible
President Joe Biden’s administration’s hostile stance on crypto may be passed on to Kamala Harris, who privately called Bitcoin “money for criminals.” Bitcoin Magazine CEO David Bailey accused Harris of destroying the crypto industry over the past four years and collaborating with Securities and Exchange Commission Chair (SEC) Gary Gensler and Senator Elizabeth Warren to push anti-crypto policies, such as Operation Choke Point. The Biden administration has imprisoned developers and
Kamala Harris, the Vice President of the United States, is now negotiating her participation at the Bitcoin conference. The event already boasts Donald Trump and Robert F. Kennedy Jr. as speakers. The event, slated to take place in Nashville on July 25-27, is expected to be a significant draw. David Bailey, the Chief Executive Officer of Bitcoin Magazine and the organizer of the event, disclosed that discussions are underway with
US-based Bitcoin exchange-traded funds (ETFs) have experienced an unprecedented influx of more than $17 billion in investments, primarily due to the influence of BlackRock’s IBIT. The presence of Bitcoin whales has diminished the downward pressure on selling, which has played a role in maintaining Bitcoin’s price stability above $67,000. On July 17th, 11 Bitcoin ETFs in the US experienced a combined daily net inflow of $53.35 million. This marks the
Constellation Network is organizing the Global Metagraph Hackathon, an online event that will take place from July 15th to September 9th, 2024. The purpose of this hackathon is to motivate developers to create applications using the Hypergraph distributed ledger technology. The event, scheduled from July 15th to September 9th, 2024, will distribute a prize of $100,000 in $DAG (Constellation Network’s money) to winners in different categories related to metagraph creation
Bitget, a crypto exchange and Web3 company, has added DOGS, a trending memecoin from the TON ecosystem, to its Premarket platform. This addition allows users to gain early pricing power over DOGS, providing a comprehensive solution for traders and investors seeking early access to promising tokens. DOGS has gained traction due to its airdrop mechanism and widespread promotion. The pre-market platform has previously listed tokens such as Notcoin (NOT) and
Usual Labs, the pioneering company behind the USD0 stablecoin, has announced its public pre-launch phase. Following a successful private launch, Usual Labs secured $75 million in Total Value Locked (TVL) commitments from over 180 prominent DeFi leaders and investors within a month. USUAL stands as a secure, transparent, and decentralized Tether that redistributing ownership and value through the USUAL token. As a Real World Assets (RWA) infrastructure, it aggregates RWA
Status has announced plans to launch an L2 rollup and a staking mechanism for its native token, $SNT, which will unlock a new public funding model and establish a collaborative, open Status ecosystem. Following a governance vote, Status community members prioritized more utility from $SNT through staking and launching Status Network, an L2 rollup on Ethereum. Status Network is designed as an open playground for communities, focusing on public funding
LCA has launched Propeller, the first decentralized application (dApp) built on the open-source communications protocol, River. Propeller aims to improve product feedback and user engagement by facilitating dynamic conversations between users and product teams. The platform is designed to empower communities with enhanced privacy, security, reputation, and ownership. It allows users to interact directly with team members, share ideas, and engage with other power users while being rewarded for their
At the Bloomberg Invest Summit in New York, Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), stated that the Ethereum ETF applications are being approved without any major issues. However, he did not provide a specific timeline for when these ETFs will begin trading. Gensler underscored the necessity for asset managers to provide accurate and comprehensive disclosures prior to initiating a project. Prior to this, Gensler
Over the course of the next year, Tether Holdings Inc., the stablecoin powerhouse that is responsible for USDT, has said that it intends to invest more than $1 billion in the fields of artificial intelligence and biotechnology. Paolo Ardoino, the CEO of the company, is in charge of the investment arm of the company, which intends to make investments in a variety of industries, including data, finance, and neural implants.
Cathie Wood’s Ark Invest carried out a significant sale of Robinhood Markets Inc. (HOOD) on June 10, 2024. This was done in spite of the fact that the crypto exchange had recently bought Bitstamp. More than $7.5 million in revenue was earned by the company as a result of the selling of HOOD shares, which led to a considerable decrease in the stock price. A total of 323,801 shares were