Month: July 2024

Is Trump’s crypto love genuine or just a voter grab? DC insider weighs in

Participants in the cryptocurrency sector are looking for a friendly face in the White House, and former president Donald Trump seems to be leveraging this opportunity. The former president, now the presumptive Republican nominee, has embraced Bitcoin and other digital assets, even agreeing to speak at a Bitcoin conference in Nashville, Tennessee. Just years ago, he labeled Bitcoin “a scam against the U.S. dollar” and said central bank digital currencies are “very dangerous.” The former president has even called cryptocurrencies “a disaster waiting to happen,” stressing over the fact that…

Can Bulls Stage A Recovery?

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Bitcoin (BTC), the world’s leading cryptocurrency, has recently experienced a pullback, with its price heading for the $66,736 level. This dip follows a period of significant bullish activity that had previously pushed BTC’s price above this mark. As the price of the crypto asset approaches this critical level, the key question is whether the bulls can regain strength and drive BTC back into an upward trajectory. In this analysis, we will examine Bitcoin’s recent price movement with the help of technical indicators and explore the possibility of a bullish recovery…

HNT Beats BTC With 40% Surge as Helium’s Mobile Subscriber Count Tops 100K

“Their 5G offers better consumer pricing to retail since reselling home internet offers a cheaper per mobile price vs a mobile plan directly with a carrier,” Shaughnessy wrote on X. “A home internet service costs $50-$100/month once and you can resell that to many users for less each ($20/mo helium plans), vs each person paying $50-$100 for their own mobile plan. 100,000 subscribers and counting is incredible,” Source

India Unlikely to See Crypto Tax Reduction in Tuesday’s Budget

What’s giving them hope is that the association was invited for talks with the ministry as part of the pre-budget consultations, unlike in 2022 and 2023. However, ministry officials “did not give us any sense or comment at all,” said R Venkat, a Bharat Web3 Association member who attended the meeting. The Finance Ministry declined to comment. Source

Hong Kong’s Boyaa Interactive Announces Strategic Bitcoin Ecosystem Cooperation, Plans to Purchase $100 Million in BTC

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Boyaa Interactive, a public gaming company based in Hong Kong, has announced a strategic investment in the UTXO Bitcoin Ecosystem Fund. The company plans to allocate $1,000,000 to this initiative, aimed at promoting the Group’s business development and expansion in the Web3 industry. Boyaa aims to ‘deepen its presence in the Web3 industry, leverage the […] Original

Terra Classic Poised For 280% Rally

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Terra Classic (USTC) has made headlines with a 17% price increase. Trading and expert attention is currently on the token’s quick ascent. People assume a significant positive divergence caused the bullish momentum. Related Reading Respected crypto expert Javon Marks has shown his positive view of Terra Classic. Marks posted recently on X expressing his opinion that the token may see a significant rise and estimating a target price of $0.08097. Should this optimistic projection materialize, the rise from the existing price would be astounding—279%. Marks’ projection indicates that the holding…

Helium’s price soars 11% amidst a broad market rally

Helium, a blockchain network tailored for the Internet of Things (IoT), has seen its price climb by 11% over the past day, currently valued at $4.96. According to the latest data from crypto.news, Helium (HNT) now holds a market capitalization of around $797 million, ranking it 88th in the global cryptocurrency market cap standings. Over the past week, the cryptocurrency has also seen a significant rise, increasing by more than 40%. The trading volume for HNT has surged by 207% in the last 24 hours, reaching $17.9 million. During this…

Latam Insights Encore: Bukele Pushes Controversial Substitution of National Products Policy To Fight Inflation, Offers Free Coffee on Top

Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador. Bukele Passes Import Duties Exemption Bill for a Decade in […] Source CryptoX Portal