Month: July 2024

Bitcoin Rises Following Trump’s BTC 2024 Speech

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Donald Trump pledged to “never sell” the U.S. government’s seized bitcoin, in addition to announcing his intention to maintain a “strategic national bitcoin reserve,” in his speech at BTC 2024. “If we don’t do it, China will do it,” he said of embracing digital assets. Crypto is “the steel industry of 100 years ago, you’re just in your infancy,” he said. “One day it probably will overtake gold.” He added that Democrats keeping the White House would be a disaster for crypto. “If they win this election, every one of…

ICO reprimands the Electoral Commission after cyber attack compromises servers

We have issued a reprimand to the Electoral Commission after hackers gained access to servers that contained the personal information of approximately 40 million people. In August 2021, hackers successfully accessed the Electoral Commission’s Microsoft Exchange Server by impersonating a user account and exploiting known software vulnerabilities in the system that had not been secured. Until October 2022 – over a year later – the attackers had access to the personal information held on the Electoral Register, including names and home addresses. The servers were accessed on several occasions without…

Donald Trump Reveals Plans For US Government’s 213,239 Bitcoin If Elected

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US Republican Presidential candidate Donald Trump made his much-anticipated appearance at the Bitcoin 2024 conference in Nashville on July 27. Trump made several promises to the crypto voters in attendance, including what he would do to the US government’s Bitcoin holdings if elected.  What Donald Trump Plans To With The US Bitcoin Holdings During the Bitcoin conference, Trump stated that if elected, his administration would implement a policy mandating the US government to keep “100%” of the Bitcoin it currently holds or acquires. Trump made this statement while remarking that…

Bitcoin Cash Soars 13% in 24 Hours, Outperforming Top 100 Cryptocurrencies

CoinspeakerBitcoin Cash Soars 13% in 24 Hours, Outperforming Top 100 Cryptocurrencies Bitcoin Cash (BCH) has made headlines with a remarkable 13% increase in the past 24 hours, emerging as the top performer among the leading 100 cryptocurrencies on July 29. This surge brings BCH price to approximately $451, elevating its market cap to $8.75 billion and solidifying its position as the 16th largest cryptocurrency. Despite this recent growth, BCH is still about 88.3% below its all-time high of $3,785.8, achieved on December 20, 2017. Key Drivers Behind the Rally Several…

BlackRock warns of fraudulent schemes using its name

Asset management giant BlackRock has warned users of a surge in investment scams targeting its customer base for its spot Bitcoin and Ether exchange-traded funds product. In a July 29 X post, the New York-based asset manager advised users to stay cautious of scammers using its brand name to direct investors towards dubious “training or investments.” The company stressed that its executives don’t contact anyone via social media platforms like WhatsApp and Telegram, adding: “Please remain vigilant, and if you suspect fraudulent activity, do not proceed.” Scam tactics are evolving…

Slovenia Sell $32.5M Digital Bond Through Digital Ledger Technology (DLT) and Tokenization

“These initial transactions and experiments with wholesale tokenized central bank money represent an important steppingstone to greater transparency and efficiency of financial markets with wider technology adoption,” the Slovenian government said. “While hardly material in financial markets at the moment in terms of value issued and/or traded, we expect the importance of the distributed ledger technology to grow significantly in the following years.” Source

Justin Sun Calls for Restoration of Bitcoin Emoji on X

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Justin Sun, founder of Tron, called for the restoration of the bitcoin emoji on X. Sun stated that the bitcoin emoji had become tradition, and that, as former U.S. president Donald Trump had declared, the original cryptocurrency was poised to surpass gold. “We humbly request restoring this tradition and are willing to accommodate any requirements,” […] Original

Fantom (FTM) Regains Momentum After Weeks Long Bleed

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The market opened today with enthusiasm, seeing a rebound after last week’s slippage. According to CoinGecko, the entire market is up more than 3% today. This led to the bulls overtaking the bearish momentum, pulling several altcoins to the top of the list. Fantom is one of those tokens hoping for a bullish reversal. Last week, FTM was down nearly 10%, but bulls regained initiative and the token is up almost 6% today. This, along with an upcoming release might make investors and traders buy into the market’s bullishness. Related…

BRETT surges 12% to become top gaining meme coin

Brett, the largest meme coin on the Base Blockchain, surged by over 12% on Monday as positive sentiment spread through the crypto and stock markets. At the time of writing, Brett (BRETT) was still up 11.7%, trading at $0.1395, according to data from crypto.news. Over the same period, the meme coin, inspired by a character from the “Boy’s Club” comic, had a daily trading volume of $50.7 million. BRETT 24-hour price chart | Source: crypto.news BRETT has now become the 71st largest cryptocurrency, with its market cap exceeding $1.38 trillion.…