The US national debt is closing in on $35 trillion, triggering a warning to investors from analysts at JPMorgan Chase. According to new data from the Treasury, the total outstanding public debt amounts to $34.99 trillion – or $34,997,540,505,103 to be exact – as of July 25th. That’s up from $32.59 trillion just one year …
Monthly archives: July 2024
3 key takeaways from Donald Trump’s Bitcoin 2024 speech
Former President Donald Trump gave a speech at the Bitcoin 2024 conference in Nashville, Tennessee on Saturday. He used his speech to highlight his crypto-related policies if re-elected and to woo crypto voters. At Trump’s promise to fire the Securities and Exchange Commission (SEC) chairman Gary Gensler on the first day after retaking office, the …
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Bitcoin vs Ethereum ETFs: A detailed comparison of IBIT and ETHA
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Senator Lummis Proposes Bitcoin Strategic Reserve Bill to Bolster US Economy
At the Bitcoin 2024 conference, Republican U.S. Senator for Wyoming, Cynthia Lummis, introduced the “Bitcoin Strategic Reserve Bill” aimed at establishing a strong bitcoin reserve to mitigate the national debt and strengthen the economy. The bill proposes converting federal assets into bitcoin (BTC), capitalizing on its appreciating value without raising taxes. Bitcoin Reserve Bill Introduced …
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Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High
According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the 659 EH/s recorded on May 25. Bitcoin Hashrate Breaks Records Bitcoin’s hashrate has reached new peaks …
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Bitcoin Short-Term Holders See Relief as Prices Rebound, Glassnode Reports
Bitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report highlights significant developments in market dynamics and the overall health of the cryptocurrency market. Glassnode Analysis Highlights Significant Gains for Bitcoin Short-Term Holders The latest …
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Kiyosaki Says BTC and Gold Rise if Trump Wins, Spot ETH ETFs Launch, and More — Week in Review
Robert Kiyosaki forecasts significant rises in asset prices, including gold, silver, and bitcoin by August 2025 if Donald Trump is re-elected. The U.S. SEC has approved spot ethereum ETFs, with Blackrock’s Ishares ethereum Trust ETF launching on Nasdaq on July 23, 2024. In Nigeria, the central bank sold dollars to Bureaux de Change to stabilize …
Mythical Games VP: Blockchain Gaming Boom Built on Stronger Base
Mythical Games’ VP of Blockchain Tech, Cameron Thacker, said he believes the current interest in blockchain gaming is more sustainable than the last cycle. He attributes this to a shift in focus, with projects now prioritizing “engaging experiences over frothy marketing and questionable tokenomics.” Gaming Giants Boost Blockchain Gaming Industry In an interview with Bitcoin.com …
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Grayscale Sends 110,867 ETH Worth $358,000,000 to Coinbase Prime As Ethereum Corrects
Digital assets manager Grayscale sent $358 million worth of Ethereum (ETH) to a Coinbase Prime deposit address, according to blockchain “de-anonymizing” service Arkham. Arkham’s data shows Grayscale sending 110,867 ETH in a series of transactions to Coinbase’s institutional arm, presumably to sell on the open market. At the same time, Ethereum has weathered a price …
‘Big Short’ Investor Says ‘Huge Debasement’ of US Dollar and Fiat Currency Driving Bullish Bitcoin Trade
One of the traders who figured out that the housing market was on the brink of collapse in 2007 says he’s long on Bitcoin (BTC) because of a weakening US dollar. In an interview on CNBC’s Fast Money, “Big Short” investor and Seawolf Capital co-founder Vincent Daniel says that the deterioration of the US dollar …
Ex-White House Official Anthony Scaramucci Says Crypto Bull Market Could Be Sparked by Regulatory Clarity
Skybridge Capital founder Anthony Scaramucci says that the next crypto bull market could be ignited by a new wave of clear crypto regulations. In a new interview on CNBC Squawk Box, the ex-White House communications director says that he and two other prominent figures in the industry went to Washington, D.C. to speak to officials …
Bitcoin Price Climbs As Donald Trump Vows To Fire Gary Gensler, Create Strategic Bitcoin Reserve, And Tells Investors To ”Never Sell Your Bitcoin”
The bitcoin price climbed 0.5% in the last 24 hours after presidential candidate Donald Trump said he would set up a strategic national Bitcoin reserve, […] Go to Source
Former NBA Star Scottie Pippen to Tokenize Legendary Chicago Bulls Ball
Scottie Pippen, a former Chicago Bulls’ small forward, 6-time NBA champion, and 2-time Olympic Gold medalist, has announced the tokenization initiative for a historic ball. Pippen alleges that he had saved the ball that started the Chicago Bulls dynasty, used in the fifth game of the team victory against the Los Angeles Lakers during the …
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El Paso Man Fined $31M for Forex and Crypto Fraud
A federal court has ordered Abner Alejandro Tinoco and his company, Kikit & Mess Investments LLC, to pay over $31 million for forex and cryptocurrency fraud. The order includes $6.2 million in restitution, $6.3 million in disgorgement, and an $18.8 million civil penalty. Tinoco and his firm defrauded 199 victims by misusing over $7.2 million …
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MicroStrategy’s Michael Saylor Says Bitcoin Will Hit $13,000,000 in Base-Case Scenario – Here’s His Timeline
MicroStrategy founder and executive chairman Michael Saylor thinks Bitcoin (BTC) will skyrocket over 19,000% in about two decades. Speaking at the Bitcoin2024 conference in Nashville, Saylor unveils his long-term predictions for BTC, stretching out to the year 2045. In his base-case scenario, the BTC firebrand sees Bitcoin’s annual rate of return (ARR) decreasing over time …