Day: July 28, 2024

Trump’s Bitcoin 2024 keynote includes plan for US Bitcoin reserve

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Donald Trump, the Republican presidential nominee, spoke at the Bitcoin 2024 conference in Nasvhille, praising the crypto industry and announcing his plan for a national Bitcoin reserve. Trump goes all-in on crypto At the just-concluded Bitcoin 2024 conference in Nashville today, July 27, former president Donald Trump delivered a highly anticipated keynote address that highlighted his currently very positive stance on cryptocurrency. Trump used the occasion to underline his support for the crypto industry and advocate for deregulation. He managed to mention several key pain points for the industry, including…

US Senator Hails Bitcoin’s Potential to Democratize Finance and Improve Financial Inclusion

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Senator Tim Scott highlighted bitcoin’s potential to democratize finance and improve financial inclusion at the Bitcoin 2024 Conference. He criticized the Biden administration’s approach to digital assets and endorsed efforts to overturn restrictive SEC guidelines. Scott advocated for balanced regulation that encourages innovation without stifling growth or pushing it overseas. Senator Tim Scott Advocates for […] Original

Ethereum ETFs see $341.8m net outflows in first week, triggered by Grayscale’s ETHE

U.S. spot Ethereum exchange-traded funds have had a mixed start this week, with net inflows into most ETFs overshadowed by significant net outflows from Grayscale’s converted fund, ETHE. Data from Farside Investors shows that spot Ethereum (ETH) ETFs saw just over $162 million in total outflows on Friday, July 26, marking the third consecutive day of net negative flows. In contrast, spot Bitcoin (BTC) ETFs recorded $51.8 million in net inflows on the same day, continuing a trend of positive flows for three days straight. The first ever spot Ethereum…

Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA

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Cardano is at a significant milestone with the impending Chang hard fork. This pivotal moment follows the recent upgrade of its node validation software before the upgrade goes live. As the Cardano ecosystem gears up for this major update, the network is experiencing a surge in activity that could determine its trajectory in the coming weeks. Amidst this heightened activity, Cardano’s cryptocurrency, ADA, has demonstrated an interesting price performance. ADA has seen positive price action in the past 24 hours, reflecting growing market optimism. This uptick in price comes on…