Author: Ava Patel

Article written by Ava Patel

Kamala Harris strengthens her presidential campaign by securing crypto endorsements

August 4, 2024 1 min read

Kamala Harris is getting ready for her run for president by getting closer to people in the crypto business. She has gotten support from important people like J.P. Theriot and added a crypto expert to her team to make her campaign more appealing to people in the crypto sector and improve her chances of winning the race. Crypto fans are becoming more interested in Kamala, even though most people in

Ripple partners with OpenEden, investing $10M to launch tokenized US Treasury bills

August 3, 2024 1 min read

Together with Ripple, OpenEden has put its tokenized US Treasury bills, TBILL, on the XRP Ledger (XRPL). By putting US Treasury bills on a digital platform, OpenEden’s TBILL tokens, which Ripple has invested $10 million in, are meant to bring together standard finance and decentralized finance (DeFi). The goal of the partnership is to bring together standard finance and decentralized finance (DeFi) by putting US Treasury bills on the internet.

MicroStrategy acquires 12,222 bitcoins at an average price of $65,882 each during Q2

August 2, 2024 1 min read

A business intelligence company called MicroStrategy has bought 12,222 bitcoins for $805.2 million since the second quarter of 2024. This brings its total shares to 226,500 BTC, which is an average price of $36,821 per Bitcoin. The business bought an extra 169 BTC in July for $11.4 million. In Q2, the company made $24.1 million from subscription services, which is up 21% year-over-year. However, overall sales dropped 7.4% to $111.4

Bitcoin (BTC) drops by over 5% over the past 24 hours

July 30, 2024 1 min read

Over the last 24 hours, Bitcoin’s value has dropped from $70,000 to just below $66,000, a 5.7% drop. Even so, it is still inside a range-bound channel that was made at the end of February and lasts for five months. Analysts are looking for signs to explain why market sentiment dropped so quickly after reaching a seven-week high for the asset. Trader and economist Alex Krüger noticed that prices and

Kamala Harris’ presidential campaign reaches out to crypto exchanges to reset relations with the tech sector

July 28, 2024 1 min read

Vice President Kamala Harris’s campaign is partnering with leading crypto companies to develop a favorable regulatory structure for the crypto industry, with a focus on supporting business growth. The outreach initiative encompasses Coinbase, Circle, and Ripple Labs, as a means to mend relations with the technology industry, which has expressed disapproval of the regulatory position taken by the Biden administration. Harris’s campaign tries to convey the image that Democrats are

Donald Trump intends to fire the SEC chairman on his first day in office

July 28, 2024 1 min read

Donald Trump has declared his plan to dismiss Gary Gensler, the current Chair of the US Securities and Exchange Commission (SEC), immediately upon assuming office. Trump highlighted Gensler’s lack of favor among the crypto community as a crucial element in his plan to endorse the crypto business. In addition, he stated his determination to establish the US as the foremost global center for crypto should he emerge victorious in the

Ledger announces the launch of Ledger Flex

July 27, 2024 1 min read

Ledger has unveiled its newest hardware wallet, Ledger Flex, at the Bitcoin 2024 conference held in Nashville. The wallet is equipped with a highly secure E Ink touchscreen that is powered by Ledger’s Secure OS. Additionally, it has NFC connectivity, which improves convenience without sacrificing security. The wallet features a distinctive black and steel design and includes a unique Ledger Flex BTC Edition. The 2.8-inch display with high resolution guarantees

Toncoin Faces Potential Sell-Off and Significant Resistance

July 26, 2024 1 min read

Toncoin (TON) has undergone a 12% decrease in value within the past six days, dropping below a significant threshold and failing to surpass it. The price is expected to stay below $7 in the upcoming days due to a decrease in the number of holders who are making profits, which is no longer at its earlier height. The In/Out of Money Around Price (IOMAP) indicates a substantial barrier to selling,

Jersey City Mayor plans to allocate a portion of the city’s pension fund to Bitcoin ETFs

July 26, 2024 1 min read

Mayor Steven Fulop of Jersey City has declared intentions to deploy a segment of the city’s pension fund towards Bitcoin exchange-traded funds (ETFs), indicating a notable change in the city’s financial approach to incorporating crypto. The pension fund is currently revising its documentation with the US Securities and Exchange Commission (SEC) to incorporate Bitcoin Exchange-Traded Funds (ETFs). This move aligns Jersey City with the Wisconsin Pension Fund, which allocated 2%

Tron Network and Ethereum hit new milestones in the number of transactions

July 24, 2024 1 min read

In recent weeks, there has been a notable surge of activity in the cryptocurrency market, particularly with the Tron Network and Ethereum blockchains achieving noteworthy milestones. The Tron Network has achieved a total of 8.1 billion transactions, with a recent daily volume of 6.8 million transactions. The TRON (TRX) native token accounted for the biggest proportion of transactions, making up 37.97% of the total. The network’s transaction count at the

Bitcoin ETFs saw a record $18 billion inflow between July 15-19, 2024

July 22, 2024 1 min read

Bitcoin exchange-traded funds (ETFs) experienced a substantial influx of $18 billion from July 15 to July 19, 2024, capturing the interest of investors and propelling them to unprecedented levels. On July 16, the market experienced a significant influx of $424 million, making it the highest inflow of the year. The iShares Bitcoin Trust (IBIT) from BlackRock took the lead with $141 million. Additional notable contributions were made by the Bitwise