Senator Cynthia Lummis (R-WY) said the Biden administration’s to impose a 30% tax on Bitcoin miners is a “dangerous scheme” and an “attack on innovation.” She argued that such a high tax rate would stifle innovation and push mining operations overseas, undermining both economic and national security interests. She made the statement in a July …
Monthly archives: July 2024
Polymarket odds heavily favor Trump amid dominant lead in swing states
Former President Donald Trump holds a commanding lead over Vice President Kamala Harris on Polymarket — with a notable edge in every key swing state. Polymarket is the world’s largest prediction market. It notably forecast that President Joe Biden would drop out of the presidential race several days before he made the announcement. As of …
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WazirX seeking partnerships to recover from $230 million hack
India-based centralized exchange WazirX seeking partnerships to restore full operations following a significant exploit that resulted in the loss of nearly half its assets. The exchange’s co-founder, Nischal Shetty, shared the development in a social media post on July 23 and notified users that it is working on a solution to help restart its services. …
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Altcoin Resurgence Expected if Ether ETFs Drive Sharp Uptick in ETH, Says Two Prime’s Blume
A managing partner at SEC-regulated Registered Investment Advisor Two Prime has discussed the potential impact of spot ether exchange-traded fund (ETF) launches on the cryptocurrency market. He explained that early demand could be greater than when spot bitcoin ETFs launched and suggested that a sharp uptick in ethereum price from the ether ETFs could lead …
Asian Markets Cashed out During Recent Gold Rally
Buyers in Asian markets were reluctant to continue purchasing gold as it reached a new record high last week, opting to cash out and wait for deeper discounts. In India, sellers were offering discounts on gold bullion of over $65 per ounce, with local dealers preparing for regulatory changes, while in China, discounted prices reached …
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Stonex Bullion’s Analyst Predicts Gold Increase Due to Heightened Political Confusion
Gold prices are poised to rise due to the current political uncertainty in the United States, according to Rhona O’Connell, head of market analysis at Stonex Bullion. This comes as economic indicators suggest potential changes in monetary policy. Stonex Analyst Rhona O’Connell: Gold Poised for Gains Amid U.S. Political and Economic Changes In recent weeks, …
Multi-Billion-Dollar Asset Manager Hamilton Lane Pioneers Private Credit Fund Launch on Solana
Hamilton Lane has become the first asset manager to introduce a private credit fund on the Solana blockchain, broadening its presence in the digital asset sector. By collaborating with Web3 protocol Libre, the firm aims to make its Senior Credit Opportunities Fund (SCOPE) available to a wider range of investors. Hamilton Lane Leverages Solana for …
Ethereum Market Stagnation Marks Tepid Trading Day Despite ETF Launch
Ethereum’s price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to approximately $3,406 by 12:55 p.m. in the afternoon. Ether’s Bearish Sentiment Dominates Trading Day Amid ETF …
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Single Entity Risk Questioned as Coinbase Dominates ETH and BTC ETF Reserve Storage
The day before the spot ether exchange-traded funds (ETFs) were introduced, Coinbase posted on X to clarify its position regarding spot BTC and ETH ETFs. The company mentioned that it holds assets for ten out of 11 spot bitcoin ETFs and eight out of nine ether ETFs. Gabor Gurbacs, founder of Pointsville and former strategy …
Riot subsidiary Whinstone US sues former JV partner over revenue flow
The partners at the Texas facility had troubled relations almost from their start in 2020.
Senator Cynthia Lummis releases report attacking Biden’s mining tax
The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.
Crypto Super PAC spends $1.7M on media buys as Arizona primary looms
Protect Progress used roughly $415,000 to fund a media buy for former Aspiration CEO Andrei Cherny, a Democrat running for Congress in Arizona’s 1st District.
‘Crypto King’ Allegedly Behind $30,000,000 Fraud Likely To Remain Bankrupt Until Resolution of Criminal Charges: Report
A Canadian judge has reportedly dismissed an application to discharge the alleged crypto fraudster Aiden Pleterski from bankruptcy until criminal proceedings against the suspect are completed. According to a report by the Canadian Broadcasting Corporation (CBC), Ontario Superior Court Justice William Black argues that it was in the interest of “public protection and accountability” to …
‘All of the Altcoins Are Going To Come to Wall Street’ After Successful Ethereum ETF Launch: Anthony Pompliano
Long-time crypto bull Anthony Pompliano is predicting that altcoins are coming to Wall Street after the success of the Ethereum (ETH) exchange-traded fund (ETF). In a new interview on CNBC Squawk Box, the Professional Capital Management CEO says that the approval of the ETH ETF by the U.S. Securities and Exchange Commission (SEC) will open the …
Indian Crypto Exchange WazirX Increases Bounty for White Hat Hackers to $23,000,000
India-based crypto exchange WazirX is increasing a reward offer in hopes of recovering the $230 million that hackers stole from the platform. In a new announcement, WazirX says they are increasing the reward to 10% of the stolen funds, or $23 million. “We invite white hat hackers, blockchain forensics experts and cybersecurity professionals from around …