The presidential candidate said he has most of his wealth in the digital asset. Original
Day: July 26, 2024
US To Buy $619 Billion In Bitcoin If Kennedy Jr. Is Elected
During the industry day of the annual Bitcoin conference in Nashville, Tennessee, Robert Kennedy Jr., an independent candidate for the US presidency, unveiled an ambitious financial policy plan that could transform the United States into the world’s largest holder of Bitcoin. The policy centers on the strategic acquisition of Bitcoin, valued at $619 billion, to match the current US gold reserves. This move, according to Kennedy Jr., is aimed at redefining monetary policy and enhancing fiscal discipline within the federal government. Kennedy Jr. Vs. Donald Trump During a roundtable discussion…
Russia-Linked Banknotes Blamed for Libyan Dinar Plunge
The Libyan dinar’s recent devaluation has been blamed on a flood of illicit banknotes exchanged for U.S. dollars. A report identified the Russian state money printer as a potential source of the banknotes, which the Central Bank of Libya has labelled counterfeit. Russia Linked to Illicit Libyan Banknotes A June 24 Reuters report said the […] Source CryptoX Portal
Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud
Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who participated in an online cryptocurrency discussion forum, received more than $1.1 million from victims between August 2021 and April 2022, promising to deliver cryptocurrency mining […] Source
Solana Celebrity Tokens Down 94%, MOTHER Holders Clap Back
Recently, the crypto community saw the surge of a new memecoin frenzy with celebrity-endorsed cryptocurrencies. The Solana-based tokens registered massive gains but became pump-and-dump scams in most cases. Nearly two months later, most of these tokens’ prices decreased significantly from their all-time high days. However, the MOTHER community, one of the best-performing celebrity memecoins, defended their crypto champion against the criticism. Related Reading The Rise Of Solana-Based Celebrity Memecoins In late May, Olympian and reality TV star Caitlyn Jenner launched her Solana-based JENNER token. The news surprised the crypto community,…
Bitcoin Crashes To $64,000: Will This Historical Support Hold?
On-chain data shows Bitcoin is retesting a historically significant support level after the latest plunge in the asset’s price has gone through. Bitcoin Is Currently Retesting The Short-Term Holder Realized Price As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has returned to the Realized Price of the short-term holders with its drawdown. The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the acquisition price or cost basis of the average investor in the Bitcoin sector. When the value…
Solana Price (SOL) Targets New Monthly High: Bulls in Control
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Jersey City Mayor’s Plan To Introduce Bitcoin ETFs Into Pension Funds
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…
Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil
Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet. Hive stated that stability in government fiscal policies, such as energy pricing and taxation, will be a key factor in the expansion and completion of these plans, likely referring […] Original
XRP Price Positioned for a Surge: Is Another Rally on the Horizon?
XRP price is holding gains above the $0.5920 zone. The price could gain bullish momentum if it clears the $0.6120 resistance level. XRP price is consolidating gains below the $0.6120 resistance zone. The price is now trading near $0.6050 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $0.6120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.5920 support zone. XRP Price Eyes Fresh Increase XRP price remained…