In a January open letter, Gemini co-founder Cameron Winklevoss accused entities related to Genesis of inflating their assets.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Former President Donald Trump has suggested that Bitcoin could be a key tool in addressing the United States’ burgeoning national debt, which has officially hit $35 trillion as of July 31. In an interview on Fox News on Aug. 2, Trump proposed an unconventional approach, hinting at the possibility of utilizing the flagship crypto to […]
The post Trump touts Bitcoin’s potential to ‘wipe out’ US national debt, says its ‘a very big thing’ appeared first on CryptoSlate.
Trump's crypto endorsement underscores the rising significance of digital asset policy in US politics, influencing voter priorities and campaign strategies.
The post Trump touts crypto as potential solution to US debt, Harris campaign shares remarks appeared first on Crypto Briefing.
The big shot on Wall Street Morgan Stanley, just dropped a major news. From August 7th onwards its financial advisors can start recommending Bitcoin ETFs to their eligible clients. This is a huge deal for the crypto world, mixing old-school finance with the new digital stuff in a way we haven’t seen before. Exclusive Offer …
Ethereum has been experiencing a prolonged period of bearish price action. The altcoin has been relatively quiet, with its price declining, leaving many investors and traders feeling uncertain. However, a notable bullish proponent continues behind the scenes, indicating a potential shift in market dynamics. In the last few days, on-chain data has revealed a significant […]
The real identity of Satoshi Nakamoto, the creator of Bitcoin, has remained a mystery despite Bitcoin being a decade and a half old. It has become the best kept secret in crypto, leading to various theories of who the creator might be. Many theories have pointed to prominent figures, with software developer Craig Wright claiming he’s the creator. However, Fox Television’s Tucker Carlson has gone down a different route, fingering a United States intelligence agency as the creator. Did The CIA Create Bitcoin? The US Central Intelligence Agency (CIA) is known to have far reach worldwide, leading to a lot of notable events being attributed to them. This time around, they are being pointed to once again as the Bitcoin creator by Tucker Carlson at the Bitcoin 2024 Conference in Nashville. Related Reading: Crypto Analyst Says Dogecoin Price Will Rise Over 7,200% To Reach $10, Here’s Why Speaking at a private event at the conference, Carlson shared his beliefs on who Satoshi Nakamoto really is. The Fox presenter believes that the CIA is the creator of Bitcoin. Carlson called out crypto supporters for being able to answer all crypto-related questions except the creator of Bitcoin. According to him, it is quite obvious who the Bitcoin creator is and it is the Central Intelligence Agency. Carlson also draws on a previous experience, noting that the National Security Agency (CIA) had spied on him through the Signal app. Why this accusation is serious is that Signal has become known worldwide as a completely private message app. However, Carlson believes that the NSA was still able to spy on him using this app. Comparing the two scenarios of Bitcoin and the messaging app, Carlson says, “It’s like Signal, they got there first.” Who Is Satoshi Nakamoto? The real identify of Satoshi Nakamoto has managed to remain secret despite different theories and speculations on who it might be. There are some who believe it is billionaire Elon Musk or NSA whistleblower Edward Snowden, others like Tucker Carlson, believes it’s the work of US intelligence agencies to spy on people’s transactions. However, only one person has claimed that he is the creator of Bitcoin and that is Craig Wright. Related Reading: XRP Price Breaks Out Of 6-Year Triangle, But Is A Rally To $1 Possible? For years, the computer scientist has maintained that he created Bitcoin, eventually going to court in a bid to prove he is Satoshi Nakamoto. However, the High Court of England and Wales found Wright to be an impersonator, forcing him to admit that he is not Satoshi Nakamoto. This comes as the court said that Wright’s evidence were full of lies in a bid to make people believe he created Bitcoin, going as far as forging documents to do so. The court found Wright’s actions to be “a most serious abuse,” and has put measures in place to forbid Wright from entering any more legal proceedings in his claim to be the Bitcoin creator. Featured image created with Dall.E, chart from Tradingview.com
The biggest ETH liquid staking protocol has enhanced its offering for large investors, many of whom are already its customers.
The biggest ETH liquid staking protocol has enhanced its offering for large investors, many of whom are already its customers.
The biggest ETH liquid staking protocol has enhanced its offering for large investors, many of whom are already its customers.
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
Lido Finance's new institutional-grade staking solution could significantly enhance institutional participation in the crypto ecosystem, despite regulatory scrutiny.
The post Lido Finance launches institutional-grade liquidity staking appeared first on Crypto Briefing.
Donald Trump has been very vocal about Bitcoin and cryptocurrency since the start of his re-election campaign. On August 2nd, he gave an interview to Maria Bartiromo from Fox Business. During the interview he shared his views about strengthening the US economy. During his interview, the Presidential candidate Donald Trump suggested paying off the country’s …
Former President Donald Trump heaped more praise on the "very, very smart people" of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin {{BTC}} could aid in addressing the $35 trillion U.S. national debt. Though Vice President Kamala Harris, his presumptive Democratic opponent in the presidential race, hasn't yet made any policy statements about her own view on cryptocurrency, one of her campaign accounts on X – the "rapid response" campaign effort – seemed to slam Trump's view by airing his comments.
Jan Van Eck, CEO of the $107 billion asset manager VanEck, has predicted that Bitcoin could rally to $350,000 per coin as central banks embark on quantitative easing. In a recent interview with Fox Business, Van Eck expressed his bullish outlook, suggesting that Bitcoin’s market cap could reach half that of gold. He said: “Eventually, […]
The post VanEck CEO foresees Bitcoin hitting $350k as regulators begin quantitative easing appeared first on CryptoSlate.
The race between presumptive Democratic nominee Kamala Harris and Donald Trump is expected to be close in November — could crypto make a difference?
The race between presumptive Democratic nominee Kamala Harris and Republican nominee Donald Trump is expected to be close in November — could crypto make a difference?
Bitcoin is weak at spot rates, contracting from July 2024 peaks to below $66,000. As bears press on, targeting the round number at $60,000, bulls are optimistic, expecting a rebound in the coming sessions. Technically, the zone between $66,000 and $70,000 is a crucial zone that buyers must decisively break for the uptrend to develop. […]
In this ongoing bearish market sentiment, Ethereum (ETH) the world’s second-biggest cryptocurrency badly impacted as it experienced a notable 7% price drop. With this massive decline, ETH is now moving below the 200 Exponential Moving Average (EMA), indicating that it has entered in a downtrend. ETH below 200 EMA The 200 EMA is a technical …
Other Wall Street investment firms are likely to follow Morgan Stanley's lead, experts tell Decrypt.
Genesis has finalized its restructuring process and started distributing roughly $4 billion in digital assets and US dollars to creditors, according to an Aug. 2 statement. The company revealed that creditors will recover an average of 64% of their crypto claims, depending on the coins. Bitcoin holders will regain 51.28% of their holdings, Ethereum creditors […]
The post Genesis begins distributing $4 billion in assets to creditors, creates legal fund to sue DCG, others appeared first on CryptoSlate.
The sell-off in the global stock markets is casting a bearish shadow on the cryptocurrency markets, signaling near-term weakness.
The sell-off in the global stock markets is casting a bearish shadow on the cryptocurrency markets, signaling near-term weakness.
MicroStrategy (Nasdaq: MSTR) announced it is preparing to significantly increase its Bitcoin holdings by raising $2 billion through a new at-the-market equity offering. The announcement came after the market closed on Thursday, following a report of robust Q2 2024 earnings, which showed a substantial increase in the company’s assets. Currently, MicroStrategy holds 226,500 BTC, which […]
Matrixport, a digital asset financial services group born from Bitmain, an industry leader in Bitcoin mining, projects a bullish breakout for Bitcoin in the upcoming fourth quarter of 2024. In their latest research report titled “Matrix on Target: Bullish Prospects for Bitcoin in Q4,” the firm provides four reasons to be bullish in the upcoming weeks. #1 Narrowing Trading Range Signals Breakout Matrixport’s analysis begins with a technical assessment of the recent Bitcoin price action. Historically, Q3 has posed significant challenges with frequent breakout failures. This year, however, Bitcoin has demonstrated a notably narrowing trading range, a pattern typically preceding significant price volatility. “The constriction of price movement is often a precursor to dynamic price shifts, suggesting an impending breakout,” the report notes. #2 Monetary Policy As A Bitcoin Catalyst A pivotal aspect of the report focuses on the US Federal Reserve’s interest rate policies. Currently, the Fed maintains a rate of 5.25%, in contrast to a 3.0% inflation rate. Related Reading: Would Bitcoin Fall Below $60,000 Again? Analyst Reveals A Concerning Trend For BTC However, recent comments from Fed Chair Jerome Powell have ignited speculations of a possible rate cut with the September FOMC meeting. “If inflation follows the projected path, an interest rate cut in the September meeting is possible,” Powell indicated. Matrixport’s analysis correlates these potential rate cuts with increased market liquidity, which historically benefits risk assets like Bitcoin. “Each quarter-point reduction by the Fed could inject substantial liquidity into the market, enhancing the appeal of non-traditional assets,” the report elaborates. #3 Impact Of The US Presidential Election The upcoming US Presidential election also features prominently in Matrixport’s forecast. The firm speculates on the impact of a potential re-election of Donald Trump, noting his previous administration’s relatively hands-off approach to crypto regulation. “A re-election of Trump could renew vigor in regulatory reform or laxity, providing a less uncertain landscape for crypto innovations,” the report suggests. Related Reading: Bitwise CIO On Bitcoin: ‘We’re Not Bullish Enough’ – Here’s Why Trump’s recent appearance at the Nashville Bitcoin conference, although not meeting some expectations, was perceived largely positively, signaling potential supportive stances on cryptocurrency if re-elected. Trump promised to sell the Bitcoin previously confiscated by the US government and establish a “national stockpile” of Bitcoin. As reported by NewsBTC, this action, if it comes to fruition, could have substantial implications for the game theory of BTC. It could spark a race for a quick allocation, with nations printing money to buy as much Bitcoin as possible. #4 Seasonal Patterns Of Bitcoin The report also delves into the seasonal patterns affecting Bitcoin’s performance, highlighting the typically sluggish months of August and September. This pattern is attributed to lower trading volumes during the summer vacation period and market caution in anticipation of economic indicators and central bank policy decisions in the fall. However, Matrixport posits that this year’s unique economic and political context could disrupt these usual trends, setting the stage for an unseasonal rally. Conclusively, Matrixport maintains a cautiously optimistic stance for Bitcoin’s performance in Q4 2024. “Considering the confluence of a narrowing price range, likely easing of US monetary policy, and the potential impacts of the US Presidential election, we are poised to witness a significant bullish breakout in Bitcoin’s price trajectory,” the report concludes. At press time, BTC traded at $64,730. Featured image created with DALL·E, chart from TradingView.com
CleanSpark announced it increased its treasury holdings by 567% when compared to the same period last year.
Winning over the $3.75-trillion financial advisory firm is a historic milestone for crypto.