Day: July 30, 2024

Over 33 Million ETH Staked As Spot Ethereum ETFs Roll Out: Up Next $4,000?

boss

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…

Crypto Market Slump: Key Currencies Drop Amid Rising Trade Activity

The cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano, faced losses. In contrast, ethereum, xrp, and toncoin achieved modest gains. Crypto Market Dips, Long Positions Lead to $134.65M in Liquidations Bitcoin […] Source CryptoX Portal

Coinbase (COIN) Earnings Hurt by Low Crypto Volume But Trump Could be Wild Card, Analysts Say

However, the investment banking firm Oppenheimer (PT: $282, outperform ) added a bit of optimism, saying that the upcoming election could act as a positive catalyst for the stock. “Since our meetings with legislators in May, our thesis has been that Coinbase would benefit the most in our coverage if former President Donald Trump is re-elected. Recent events including Trump’s continuing to speak in Bitcoin conferences in-person only increase our confidence,” the firm’s analyst wrote. Source

Russia Legalizes Crypto Mining and Brings an Experimental Regime

“The Bank of Russia will be able to conduct not one, but three experiments from September 1 of this year: on the use of cryptocurrency for settlements in foreign trade, on the conduct of exchange trading in cryptocurrency, and on the creation of an electronic platform for operations with cryptocurrency based on the NPS,” a separate Ria Novosti report said. Source

The U.S. Government May Begin Hoarding Bitcoin, But How and Why?

boss

And based on his Saturday speech, Trump is on board too! On-stage he said, “And so, as the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration … to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future … This will serve, in effect, as the core of the strategic national bitcoin stockpile.” “Most of the bitcoin currently held by the [government] was obtained through law enforcement action. You know…

Women in Crypto Earn More Than Men

But even controlling for experience, women still out-earn men in crypto. The authors suggest that a plausible explanation consistent with the data is that in crypto, women are “lindy.” To be lindy is to have overcome some hurdle which predicts your future success. This idea implies that women who have overcome hurdles in the crypto industry possess unobservable qualities like resilience and high competence, which, combined with their time in the industry, result in higher pay. Source