Month: July 2024

SATS, Aave, Monero, and ORDI soar over 10% after Bitcoin jumps 4%

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Altcoins SATS, Aave, Monero, and ORDI have all surged over 10% over the past day to rank as the top gainers in the crypto market, as Bitcoin, the leading cryptocurrency by market cap, jumped over 4% in the same timeframe. SATS SATS (1000SATS) led the charge among the top gainers on July 26. At the time of writing, the crypto asset was still up 18.5% in the last 24 hours, trading at $0.00033. SATS’s daily trading volume was also up 18.4%, hovering around $202.6 million.  1000SATS 24-hour price chart |…

Franklin Templeton joins forces with SBI to debut Bitcoin ETFs in Japan: report

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Japanese financial giant SBI Group is teaming up with Franklin Templeton to prepare for a possible approval of crypto funds in Japan. Japanese financial giant SBI Group is teaming up with U.S. asset manager Franklin Templeton in anticipation of potential approval for crypto funds in Japan, aiming to introduce spot Bitcoin exchange-traded funds to the Japanese market, Nikkei Asia has learned, citing sources familiar with the matter. In the joint venture, SBI Group will hold a 51% stake, while Franklin Templeton will own the remaining part. While spot Bitcoin ETFs…

Trump campaign raises over $4m in crypto 

Former President Donald Trump has successfully raised over $4 million in cryptocurrency for his presidential campaign. According to recent Federal Election Commission filings and a report by CNBC, the crypto political donations have come in the form of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and the U.S. dollar-pegged stablecoin USDC. Some donations have come in the form of memecoins. Trump’s campaign has quickly converted these crypto contributions into the more stable USDC, with some funds held for strategic purposes.  The “Trump 47” joint fundraising committee, active from April 1 to…

US To Buy $619 Billion In Bitcoin If Kennedy Jr. Is Elected

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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

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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

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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?

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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…