A good track-and-field rivalry feels like a championship boxing match—without the violence—replete with jabbering between the combatants, showmanship at the start line, and head-to-head fights to the finish. (A popular new Netflix documentary, Sprint, examines this dynamic in-depth.) Many rivalries are quieter: athletes display outward respect and admiration for each other and do most of their talking on the track (or field). Others are not so subtle. As the second week of the Paris Games approaches – the first full day of the Olympic track-and-field competition takes place on August…
Month: July 2024
California DMV Puts 42M Car Titles on the Avalanche Blockchain in Digitization Push
“Blockchains are the most advanced tool any organization can leverage to maximize efficiency, maintain compliance and protect consumer data – vital components for a government serving its constituents,” said John Wu, president of Ava Labs, an Avalanche ecosystem development organization. Source
Anthony Pompliano: Bitcoin Will Be on U.S. Balance Sheet in 'Next 10, 15 Years' and Investing in Solana for Less Than a Dollar
“Over the next 10, 15 years, for sure, the United States will have some Bitcoin on its balance sheet or kind of in a strategic stockpile. I think the question really just becomes, how aggressive are we in that?” Original
U.S. Strategic Bitcoin (BTC) Reserve to Be Funded Partly by Revaluing Fed’s Gold, Draft Bill Shows
Lummis, a Wyoming Republican who is known for her Bitcoin-friendly policy stance, announced her intention to propose the reserve on Saturday at the Bitcoin Nashville conference. She came onstage just minutes after former U.S. President Donald Trump, the Republican nominee in this year’s presidential race, delivered a speech on blockchain policy before the cheering room, filled to its 8,500-person capacity. Original
Over 33 Million ETH Staked As Spot Ethereum ETFs Roll Out: Up Next $4,000?
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,…
Making Bitcoin a Strategic Reserve Asset Contradicts ‘Freedom From Government’ Narrative, Says WSJ
“Freedom from government isn’t what he’s proposing,” the op-ed states. “He wants all future bitcoin to be made in America, which is a limit on freedom and would require a much bigger electric grid since bitcoin mining is energy intensive.” Original
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
Central Bank of Brazil Aims to Finalize Crypto Exchange Regulation by Early 2025
According to Nagel Paulino, head of the Central Bank’s regulatory department, the Central Bank of Brazil hopes to finalize cryptocurrency market regulations by 2025. The institution will conduct a second public consultation to finalize the drafts, hearing the opinions of market participants in order to tailor these rules to local needs. Central Bank of Brazil […] Source