Month: August 2024

U.S. Cryptocurrency Regulation Shifts with Political Sentiment

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The landscape of cryptocurrency regulation in the U.S. has undergone a significant transformation in recent years. What was once met with skepticism and stringent oversight is now evolving into a more nuanced and balanced approach, driven by shifting political sentiment and a deeper understanding of the technology’s potential. This article explores the changing dynamics of cryptocurrency regulation in the U.S., focusing on the roles played by the political landscape and the Securities and Exchange Commission. Early Skepticism and Regulatory Challenges In the early days of cryptocurrency, the industry faced considerable…

Bitcoin (BTC) ETFs Saw Outflows During Crypto Price Crash, but Large Holders Bough the Dip

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

XRP Whales Take Advantage Of 20% Drop To Buy Millions Worth Of Tokens

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XRP whales are taking advantage of the price downturn to accumulate more tokens. XRP recently bottomed out at $0.438 in the wake of an intense selloff in the wider crypto market, which saw the value of many cryptocurrencies drop sharply. This intense selloff resulted in a dramatic 20% decline in the price of XRP within a 24-hour timeframe.  Despite this steep fall, on-chain transaction data reveals that some large holders, often referred to as ‘whales,’ remain undeterred. These investors are seizing the opportunity presented by the lower prices to accumulate…

Why is Donald Trump calling on the government not to sell Bitcoin?

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Presidential candidate and crypto industry supporter Donald Trump believes the U.S. government should not sell cryptocurrency. During a podcast with Adin Ross, he mentioned the recent sale of Bitcoin (BTC) by the U.S. government and asked Trump if he would support crypto if he won the November 2024 election.  If 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. Trump then turned his attention to extolling the virtues of Bitcoin. He called the…

Bitcoin is a ‘speculative thing’: Black Swan author warns

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Bitcoin price rose on Tuesday, Aug. 6 as some investors bought the dip and a sense of calm spread in the crypto and stock market. Bitcoin price nears a death cross Bitcoin (BTC) rose to an intraday high of $56,000 on Aug. 6, where it found substantial resistance. This price action occurred as some investors, including those in the Exchange Traded Fund sector, bought the dip. However, it is too early to predict whether these gains will hold in the longer term. On the daily chart, the 200-day and 50-day…

ETP issuer Valour eyes African market with Bitcoin, Ethereum products

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Valour plans to bring its crypto exchange-traded products to more investors in Africa, in response to a major agreement with the Nairobi Securities Exchange. Initial support will be for crypto ETPs for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Hedera (HBAR)., Valour noted in a press release on Aug. 6 Valour, a subsidiary of financial technology firm DeFi Technologies, revealed that these plans follow a Memorandum of Understanding with the NSE. The firm is also partnering with liquidity and capital solutions provider SovFi. Per the ETP issuer, NSE and SovFi…

UNI Price Bounces Back 13% Above $5.6, Can Bulls Maintain Control?

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Uniswap (UNI) based on recent price movements has experienced a 13% rebound, pushing its price above the critical $5.6 level. This rebound which follows a period of bearish surge by the cryptocurrency has raised optimism among investors and traders as to whether the bulls can maintain this momentum and drive the price even higher. By offering insights and expert analysis, this article aims to provide readers with a comprehensive analysis of Uniswap’s recent 13% price rebound, which has pushed it above the $5.6 price mark. Additionally, it will assess the…

Kamala Harris Taps Minnesota Governor Tim Walz as Vice President Nominee

Walz has been the governor of Minnesota for five years, after previously serving in the U.S. House of Representatives. Prior to that, he was a schoolteacher and a non-commissioned officer in the Army National Guard. He does not appear to have made any public statements about cryptocurrencies during his tenure, though he did receive (and later return) a $4,000 donation from former FTX engineering director Nishad Singh in the 2022 election cycle. Source

Deja vu? What Bitcoin’s past patterns reveal about its post-black Monday future

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What can Bitcoin’s history tell us about its post-Black Monday potential? Examining patterns for future predictions. August 5 turned out to be a chaotic day for investors as global financial markets faced sharp declines. Worries over rising interest rates, upcoming elections, inflation, geopolitical tensions, and the looming threat of a recession all came to a head.  Japan’s benchmark index plummeted over 12% in its worst drop since 1987, the Dow Jones fell by more than 1,000 points (a 2.6% drop), and the Nasdaq slid by 3.5%.  Even the tech giants—Alphabet,…