Category Archives: Cryptocurrency
Cryptocurrency for Everyone: Cryptonica Installs Its 6,000th Crypto ATM By Chainwire – Investing.com
LONDON, ENGLAND, July 29th, 2024, Chainwire
In a groundbreaking achievement, Cryptonica has proudly installed its 6,000th Crypto ATM, marking a significant milestone in the global accessibility of cryptocurrencies. This historic event underscores Cryptonica's unwavering commitment to making digital currencies easily accessible to people worldwide. On July 6, 2024, new ATMs were unveiled in Kansas City, Missouri, and Berlin, Germany, expanding Cryptonica's footprint and bringing the world closer to a future where cryptocurrency is for everyone.
Cryptonica's journey began as an innovative startup with a vision to revolutionize the financial landscape. The installation of the 6,000th ATM not only highlights the company's rapid growth but also emphasizes its pivotal role in the adoption of cryptocurrencies. These ATMs are strategically placed in urban centres, ensuring that users from diverse backgrounds can access and engage with digital currencies seamlessly.
The recent installations in Kansas City and Berlin are particularly noteworthy. Kansas City, a hub of technological innovation, now hosts a state-of-the-art Crypto ATM, providing residents with a convenient and secure way to buy and sell cryptocurrencies. Similarly, Berlin, known for its vibrant tech scene and progressive financial ecosystem, welcomes another Cryptonica ATM, further solidifying the city's status as a leading cryptocurrency hub.
Cryptonica's extensive network of ATMs spans numerous countries, enabling users to perform transactions with ease. Each ATM is designed with user-friendly interfaces and robust security features, ensuring that both novices and seasoned crypto enthusiasts can confidently navigate the world of digital currencies. The company's dedication to customer satisfaction and technological excellence has earned it a stellar reputation in the industry.
About Cryptonica
Cryptonica was founded by Oliver Ashton with the goal of creating a global network of crypto ATMs that provide convenient and secure access to cryptocurrencies for users worldwide. The company started as a startup focused on developing software for crypto ATMs but soon transitioned to managing its own network of crypto ATMs.
The company's values are innovation, security and accessibility, while it's mission is to make cryptocurrencies accessible and understandable for everyone by creating a reliable and convenient infrastructure for buying and selling them.
Cryptonica has installed 6000 ATMs in over 25 countries, providing access to cryptocurrencies for millions of users. The company plans to increase the number of its ATMs to 8000 units by the end of 2024.
For more information: Telegram | YouTube | X | LinkedIn | Website
ContactBrand ManagerTimothy ChamblissCRYPTONICA ATM SOLUTIONS LIMITEDmarketing@cryptonica.io
This article was originally published on Chainwire
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Cryptocurrency for Everyone: Cryptonica Installs Its 6,000th Crypto ATM By Chainwire - Investing.com
Is There A Solana ETF On The Way? New Cryptocurrency At $0.00107 Is Turning Heads – TradingView
Solana (SOL) has been making waves in the cryptocurrency market with its impressive performance and robust technology. Known for its high transaction speeds and low fees, Solana (SOL) has quickly become a favorite among developers and investors. As interest in Solana (SOL) continues to grow, rumors of a potential Solana ETF are circulating, which could further boost its appeal and accessibility. The Potential Impact of a Solana (SOL) ETF
The introduction of a Solana (SOL) ETF could significantly impact the market by making it easier for traditional investors to gain exposure to this promising cryptocurrency. An ETF would allow investors to buy and sell shares that represent Solana (SOL) without having to directly manage the underlying asset. This could lead to increased investment in Solana (SOL) and further drive its price upward. New Cryptocurrency at $0.00107: Mpeppe (MPEPE)
While Solana (SOL) is gaining attention, another cryptocurrency is turning heads with its unique proposition. Mpeppe (MPEPE), currently priced at $0.00107, is capturing the interest of investors with its innovative blend of meme culture and blockchain technology. Inspired by the legendary Pepecoin and the talents of professional soccer player Mbapp, Mpeppe (MPEPE) aims to unite global sports enthusiasts through crypto and sports-related memes. Solana (SOL)s Performance Amidst Market Fluctuations
Despite market volatility, Solana (SOL) has demonstrated resilience and growth. Its strong developer community and continuous technological advancements have helped Solana (SOL) maintain a competitive edge. As discussions about a potential Solana (SOL) ETF continue, the cryptocurrencys performance remains robust, attracting both retail and institutional investors. Mpeppe (MPEPE): Leveraging Viral Marketing
Mpeppe (MPEPE) stands out by leveraging the viral nature of internet memes and popular culture. This strategy has enabled Mpeppe (MPEPE) to rapidly disseminate its brand and message across various online platforms, attracting a larger and more diverse audience. This viral marketing approach is reminiscent of the strategies used by other successful meme coins, positioning Mpeppe (MPEPE) for significant growth. The Future of Solana (SOL) and Mpeppe (MPEPE)
Both Solana (SOL) and Mpeppe (MPEPE) have promising futures. Solana (SOL)s strong fundamentals and potential ETF introduction could drive further growth and adoption. Meanwhile, Mpeppe (MPEPE)s innovative marketing and community-driven approach position it well for success in the meme coin market. As both cryptocurrencies continue to evolve, they offer unique opportunities for investors. Conclusion: Embracing New Opportunities
In conclusion, Solana (SOL) and Mpeppe (MPEPE) are two cryptocurrencies that are capturing significant attention in the market. Solana (SOL)s potential ETF introduction and robust performance make it a compelling investment, while Mpeppe (MPEPE)s innovative approach and viral marketing strategy offer unique growth opportunities. Investors looking to diversify their portfolios and capitalize on emerging trends should consider the potential of both Solana (SOL) and Mpeppe (MPEPE) as they continue to make waves in the crypto world.
For more information on the Mpeppe (MPEPE) Presale:
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Is There A Solana ETF On The Way? New Cryptocurrency At $0.00107 Is Turning Heads - TradingView
Bitcoin Jumps on Calls to Integrate Crypto Into US Asset Arsenal – PYMNTS.com
The price of bitcoin hit a six-week high Monday (July 29). The alleged reason? Separate comments made over the weekend by presidential candidates Donald Trump and Robert F. Kennedy Jr. at NashvillesBitcoin Conference that observers believe could signal, if not herald, greater legitimization of the cryptocurrency sector.
Kennedy, an independent candidate, called for launching a multi-million-dollar U.S. strategic reserve of bitcoin that matched the governments current stake in gold.
Republican candidate Trump refrained from calling for a full-on strategic reserve, pledging instead to maintain the U.S. governments current stash of bitcoin rather than selling it off, calling it a national stockpile of cryptocurrency.
The U.S. government, through various agencies, has increasingly seized significant amounts of cryptocurrencies in the course of financial crime enforcement. These assets are typically auctioned off, with proceeds going to the Treasury Forfeiture Fund or other government accounts. The current approach treats these digital assets as financial gains rather than strategic reserves.
The notion of potentially integrating digital assets into the U.S. governments strategic reserves presents a disruptive approach that recognizes the evolving financial landscape and sees a role in it for cryptocurrencies. Thats something that proponents of the sector have been working toward, but skeptics remain wary in the face of crypto scams and other illicit activity in the sector.
Read more: Cryptos Three Priorities for 2024: Interoperability, Acceptance, Regulation
According to a report by Chainalysis, $24.2 billion of illicit cryptocurrency was transferred in 2023, with over 60% of illegal crypto activity being tied to sanctioned groups or terrorist organizations.
Financial crime remains a challenge for financial institutions (FIs) worldwide, evolving in complexity and scalewith each passingday. The U.S. government, through agencies such as the Department of Justice (DOJ) and the Treasury Department, has increasingly encountered cryptocurrencies in its enforcement actions against financial crimes. These assets are often seized during investigations related to money laundering, drug trafficking, and other illegal activities. Traditionally, seized cryptocurrencies are auctioned off, with proceeds directed to government funds.
But as digital assets become more integral to the global financial system, the question arises: Should the U.S. government consider stockpiling cryptocurrencies as part of its strategic reserves?
Holding cryptocurrencies could provide the U.S. government with a flexible financial tool. Unlike traditional reserves, which are often physical commodities, cryptocurrencies are highly liquid digital assets. They can be quickly converted into fiat currencies or used directly in transactions that accept digital payments. This flexibility could be invaluable during financial crises or emergencies, providing the government with a readily accessible source of funds.
Establishing a cryptocurrency reserve would signal the U.S. governments recognition of the growing importance of digital assets. This could encourage further development of blockchain technology and related innovations within the U.S.
But there is considerable public skepticism about the governments involvement in holding digital currencies, given their association with illicit activities and the ongoing rise in frequency of those illicit activities, particularly in the financial sector.
Read more:Blockchains Benefits for Regulated Industries
Countries around the world, including the U.S., have expressed concern that privately operated, highly volatile digital currencies could undermine government control of the financial and monetary systems, increase systemic risk, promote financial crime and hurt investors.
After all, on Thursday (July 25) cryptocurrency exchange Coinbasewas fined $4.5 million by a U.K. regulator for serving high-risk customers. And this past April, U.S. Treasury Deputy Secretary Wally Adeyemo testified that cryptocurrency is increasingly becoming a safe haven for malign actors such as terror groups.
As a result, FIs have needed to step up their financial crime defenses. Seven in 10 FIsare now using AI and machine learning (ML) to fend off fraudsters, according to the PYMNTS Intelligence and Hawk collaboration, Financial Institutions Revamping Technologies to Fight Financial Crimes.
In an interview with PYMNTS, Wolfgang Berner, co-founder and CPO ofHawk, discussed the opportunities that large transaction models (LTMs) generative artificial intelligence (AI) models adapted to financial crime represent in establishing more robust, accurate and comprehensive detection and prevention mechanisms.
The core idea is we treat transactions as sentences, teaching the transformer model the language and grammar of transactions, similar to how large language models like GPT-4 are trained on thetext of the web, Berner said. And by doing that, it developsa very goodunderstanding of the transactions, how transactions relate to each other, and what is genuine or possibly suspicious with them.
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Bitcoin Jumps on Calls to Integrate Crypto Into US Asset Arsenal - PYMNTS.com
Trump, Appealing to Bitcoin Fans, Vows U.S. Will Be Crypto Capital of the Planet – The New York Times
Former President Donald J. Trump vowed on Saturday that he would turn the United States into a Bitcoin superpower" if returned to the White House, wielding much of the same rhetoric of persecution that he has applied to himself and his supporters to appeal to cryptocurrency enthusiasts who want to see less regulation.
Sadly, we see the attacks on crypto, Mr. Trump told a gathering of cryptocurrency fans in Nashville. Its a part of a much larger pattern thats being carried out by the same left-wing fascists to weaponize government against any threat to their power. Theyve done it to me.
He added that, if he were elected, Joe Biden and Kamala Harriss anti-crypto crusade will be over and that the moment Im sworn in, the persecution stops and the weaponization ends against your industry.
Mr. Trump has been competing with Robert F. Kennedy Jr., the independent presidential candidate, for the support of cryptocurrency holders, and his remarks represented one of his most direct pitches yet.
Three large crypto firms have invested about $150 million to elect pro-crypto candidates in congressional races. In his speech, Mr. Trump promoted himself as the first major party nominee in American history to accept donations in Bitcoin and crypto, adding that his campaign has raised $25 million from cryptocurrency donations in the last two months.
The former president offered promises of sweeping deregulation and the establishment of a strategic national Bitcoin stockpile.
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PBS News Hour | Trump shifts cryptocurrency stance to win new voters, donors | Season 2024 – thinktv.org
GEOFF BENNETT: This weekend, crypto# currency's largest annual conference## took place in Nashville, Tennessee.
It# was a gathering of leaders, celebrities,## tech industry insiders, and crypto enthusiasts.
But former President Trump and independent# presidential candidate Robert F. Kennedy## Jr. spoke in favor of boosting# crypto during their remarks there.
As William Brangham tells us, those speeches# may be aimed at getting support this fall## from tech leaders and start-ups, who# have a growing voice on these issues.
WILLIAM BRANGHAM: That's right, Geoff.
The incredible rise of Bitcoin .. of megadonors that voters and presidential# candidates are now trying to win over.
Former## President Trump, who initially denounced# cryptocurrency as -- quote -- "highly## volatile and based on thin air" back in# 2019, reversed himself in his speech to## the conference last Saturday by promising to# make the U.S. the crypto capital of the world.
DONALD TRUMP: If crypto is going to# define the future, I want to be mined,## minted and made in the USA.
It's going to# be.
It's not going to be made anywhere else.
DONALD TRUMP: And if Bitcoin is# going to the moon, as we say,## is going to the moon, I want America# to be the nation that leads the way.## And that's what's going to happen.
No,# you're going to be very happy with me.
WILLIAM BRANGHAM: Joining me now to discuss the## ramifications of all of this is David# Yaffe-Bellany from The.. David, thank you so much for being here.
Help set the table for us for people who have# not been following us -- this that closely.## Remind us of where crypto was after its big fall# and now it's sort of resurged in the marketplace.
DAVID YAFFE-BELLANY, The New York Times: The# last time most ordinary people tuned into the## crypto industry, top executives were going# to prison.
The market was in freefall.
And## a lot of these kind of risky investments had# been widely dismissed as worthless or scams.
But a lot has changed since then.
In January,# the federal government approved a new investment## product that's tied to the price of Bitcoin.
And# when that product started trading, it kind of## opened up access to the crypto market to a whole# lot of people who hadn't invested in it before.
And, as a result, the price of Bitcoin# surged.
It reached its record high a few## months ago.
And the prices of some of the# other big crypto tokens have followed suit.
And so the industry is in a much healthier state## today than it has been for# the last couple of years.
WILLIAM BRANGHAM: So, as we just heard, the former# President Trump made this very explicit pitch to## the crypto world, saying, I might have been# a skeptic before, but now I'm in full-bore.
What is his pitch?
And why is this happening now?
DAVID YAFFE-BELLANY: Look, the crypto# industry is furious about the way that## it's been treated by the federal government.# The Securities and Exchange Commission has## embarked on a pretty aggressive# crackdown on crypto companies,## a crackdown so severe that it's# essentially an existential threat.
It could drive the industry out of the United# States if it's successful.
And so the embrace## of Trump is really a response to that.
And# a cynical reading of this is that Trump is## kind of opportunistically seizing on what's# happening under the current administration,## seeing an opportunity to attract donor# dollars from the crypto industry.
And sort of that's why he's making this# pitch, promising that he's going to## turn the U.S. into a kind of inviting# sort of capital for crypto companies,## rather than the sort of aggressive cop on the# beat that it's been over the last couple of years.
WILLIAM BRANGHAM: Let's talk about# that cop on the beat currently.## That's the Biden administration's cop# on the beat.
What is it that they're## doing and what is their argument about# why they need to be such a tough cop?
So, the leader of this push is the chair of the# SEC, Gary Gensler.
And the argument that he has## made over and over is that most cryptocurrencies# are essentially securities, which is to say that## they're just like stocks and bonds that are# traded on Wall Street, and that they ought to## be regulated as such, and that crypto companies# should have to make all the sorts of disclosures## and follow all the same rules as people who# offer those traditional investment products.
That is a legal argument that the crypto# industry hates.
They're fighting back against it,## saying that if the SEC beats them in# the courts on this issue, then they## will be driven out of the United States.# So that's sort of the crux of the debate.
And Trump went in front of a crowd of# Bitcoin supporters over the weekend and said,## one of my first acts as president# will be to fire Gary Gensler.
And## it got probably the biggest cheer of the day.
WILLIAM BRANGHAM: So do we know what Vice# President Kamala Harris might do if she were## elected?
Is it safe to say she would just continue# the Biden administration's current approach?
DAVID YAFFE-BELLANY: It's hard to say# for sure.
She hasn't said a ton publicly## about her views on crypto, but obviously# she's part of the current administration.
And so a lot of crypto insiders are kind of# assuming that, if she wins, it'll be more of the## same that they saw under the Biden administration.# With that said, both the Biden campaign and now## the Harris campaign have extended something of# an olive branch to crypto companies, sort of## invited them to come to the table and sort of talk# about the policy changes they would like to see.
But the reaction among crypto executives# has been pretty skeptical.
Essentially,## it's been, your talk means nothing to# us.
We have seen what you have done## over the last four years and,# frankly, we don't trust you.
WILLIAM BRANGHAM: We're talking about# crypto here, but there has been in the## broader tech world, as well as in the# V.C.
world, the venture capital world,## the seeming move towards Trump and# supporting Republican candidates.
Is that all about this concern over# too strict enforcement, as they see it?
DAVID YAFFE-BELLANY: That's really# probably the key part of this.
Even## tech people who aren't directly involved in# the crypto industry sort of see what's going## on and say this is an administration# that's cracking down on innovation.
And there's a fear that there might be a# crackdown on the A.I.
companies that are## proliferating now.
And so that's a lot# of what's driving the kind of rightward## shift of the Silicon Valley elite toward# Trump.
But there are other factors as well.
A lot of these top figures in the tech world have## kind of bought into concerns about# cancel culture and wokeness run amok.## And so there are some of those kind of# cultural issues at play here as well.
WILLIAM BRANGHAM: And I'm sure it's also# true that billionaires like tax cuts,## which Donald Trump is promising more of as well.
DAVID YAFFE-BELLANY: That's for sure.
WILLIAM BRANGHAM: David Yaffe-Bellany of.. DAVID YAFFE-BELLANY: Thank you.
Cryptocurrency shares surge after Trump claims US will be crypto capital of the planet at Bitcoin conference – New York Post
Shares of New York-based cryptocurrency firms jumped Monday after Republican presidential candidate Donald Trump talked upbitcoinandpromised friendlier regulationfor the industry.
The former president, speaking at the 2024 Bitcoin Conference in Nashville, Tenn. over the weekend vowed the United States will be the crypto capital of the planet and the bitcoin superpower of the world if he is re-elected to the White House
Crypto exchange Coinbase shares jumped 3.7% on Monday, while crypto miners including Bitfarms, Riot Platforms and CleanSpark all leapt between 3.4% and 4.5%.
Bitcoin jumped as much as 2.4% to its highest since mid-June before giving up the gains later in the day. The token was worth $68,142.70 in midday trading.
Any Trump trade into U.S election should include greater allocation tobitcoinandbitcoin-linked stocks, Bernstein analysts wrote in a note.
Crypto has rapidly moved from the fringes of the financial world to the mainstream, helped by institutional investorsbackingand theapproval ofexchange-traded funds tied to spot price ofbitcoinand ether.
The sentiment globally has been incredibly positive this year This is all setting the scene for what many believe is the next bull run for 2024-25, said CoinCorner CEO Danny Scott.
The Republican nominee promised to relax industry regulations countering President Joe Biden, who has been criticized for his administrations strict oversight.
Trump laid out his plan for the industry, which includes firing SEC Chairman Gary Gensler, collecting a stockpile of US crypto and creating a Bitcoin advisory council.
Gensler has defended Bidens cautious approach to the crypto industry in the past.
In March, Gensler said the whole field is rife with abuses and fraud.
He has cited cryptos volatility as a risk.
For three and a half years, the current administration has waged a war on crypto and Bitcoin like nobodys ever seen before, Trump said.
If Bitcoin is going to the Moon as we say its going to the Moon, I want America to be the nation that leads the way, he said, insisting cryptos value could surpass gold under his leadership.
Trump shared his plans to form a strategic Bitcoin reserve using the crypto the government currently holds, which was seized through law enforcement actions.
The presidential nominee previously said he wanted all remaining crypto to be mined in the US.
This is not the first time a possible Trump win has sparked excitement among crypto investors.
Bitcoin shares surged to a two-week high after an assassination attempt left Trump bleeding from the ear during a Pennsylvania rally. Some investors believed the shooting helped Trumps chances at a win.
After the rally shooting, Bitcoin jumped 8.6% to $62,508 pushing its year-to-date gains to 47%.
Blockchain Ether also soared 6.8% at $3,322.
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Though now widely considered the crypto-nominee, Trump was skeptical of the industry during his time in the White House.
We have only one real currency in the USA, and it is stronger than ever. It is called the United States Dollar! he said in 2019.
Trump has since flip-flopped his stance. In May, his campaign began accepting donations in crypto.
His running mate, Sen. JD Vance, has supported pro-crypto legislation and holds a stake in Bitcoin.
Meanwhile, Vice President Kamala Harris views on crypto are unclear.
While the likely Democratic nominee served under Biden who was heavy on regulations she is reportedly playing catch up on industry expertise.
Businessman and Shark Tank star Mark Cuban said her campaign has reached out to him to learn more about crypto.
With Post wires
Excerpt from:
Cryptocurrency shares surge after Trump claims US will be crypto capital of the planet at Bitcoin conference - New York Post
Cryptocurrency and politics combine at Bitcoin 2024 conference in Nashville – WZTV
The 2024 Bitcoin conference in Nashville is drawing in tens of thousands of crypto enthusiasts and big-name political figures from across the nation.
This event is drawing people from very different walks of life, from presidential candidate Robert Kennedy Jr. to actor Russell Brand.
With lots of people here looking forward to hearing from former President Donald Trump tomorrow and with tens of thousands of people here, the message was clear today - the Bitcoin community is ready to make its voice heard in the political arena.
With 35 thousand plus people coming in from across the country - they all have one thing in common; Bitcoin.
Bob Bodily, with Bioniq says, "Bitcoin is the most decentralized censorship-resistant cryptocurrency. It enables you to have true ownership of your assets "
Bob Bodily believes there's a growing political awakening within the Bitcoin community in the last 18 months.
Bodily says , "I think this is the first instance that we've seen where people are kind of waking up to the fact that we have a huge crypto user base in the U.S. that has never been catered to by politicians, so President Trump taking advantage of this is very strategic. "
Vanderbilt professor Yesha Yadav sent a lengthy statement to Fox17 News saying this election season crypto has become an overtly political issue and candidates are under pressure to expressly set out their position on the cryptocurrency industry and its regulation.
Bodily says, "There's clearly a lot of donations coming in from the crypto side and a lot of people really interested in seeing a more favorable regulatory environment. "
And people here believe former President Trump can do that. One crypto advocate we spoke to at the conference says, "He's for the people and Bitcoin is people's money - he is a money man. He knows how the system operates and he probably sees what's happening with the inflation of the current currency and how it's hurting the average person. "
This crypto advocate is hoping to bring more Republican candidates into the Bitcoin space.
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Cryptocurrency and politics combine at Bitcoin 2024 conference in Nashville - WZTV
‘Make Everybody Rich:’ Donald Trump, Bitcoin 2024, What’s New For Cryptocurrency – International Business Times
Who better to lead the Orange Party than Donald Trump?
I saw Donald live and in person on Saturday in Nashville for the Bitcoin Conference 2024, where he changed everything for crypto and digital assets.
In Trump's first BTC speech in Nashville on Saturday, he said he would:
Imagine traveling back to 2010 and telling Hal Finney, the computer scientist who received the first BTC from Satoshi Nakamoto, that in 14 years, Donald Trump (who, oh, by the way, could be the first president to serve nonconsecutive terms since Grover Cleveland) would be creating a Strategic Bitcoin Reserve.
The mainstream media is missing a lot about this event because they're reporting hearsay. I was actually there, so here's the good, bad, and ugly of Trump's speech.
When we interviewed Brandon Green, head of staff at BTC Nashville, he said this would be the next Woodstock. While there was no Jimi Hendrix or LSD-tripping hippies (I'm sure I'm wrong), it did make history with Donald Trump.
Trump walked out to "God Bless the USA"albeit an hour latebut made a funny joke of it. He said the Secret Service told him they needed more time to case the room, and he said, "Take all the time you need."
His ear, nearly shot off by the assassin in Butler, PA, was fully repaired, and he made it clear early on: he's the innovation president.
"The reason I'm into Bitcoin is two words: America First," Trump said. "We want places like China to be successful with Bitcoin, but we want America to be the most successful."
Trump legitimized this point, in a bit of a pandering way, by telling the crowd to say "THANK YOU, PRESIDENT TRUMP," or their portfolio will go to ZERO.
Trump, like a comedian hitting the crowd's sweet spots, played up to what worked and ditched what didn't. This got the biggest roar:
"Never sell your Bitcoin." - Donald Trump
So, is Trump the best crypto candidate?
No. I saw Robert Kennedy Jr. speak the day before Trump, whose audience was smaller but not too far off in support. It is clear he understands crypto more and promises to buy $4 million BTC if elected president.
"The United States holds 19% of global gold reserves, I don't see why we can't hold the same," Kennedy said. "Bitcoin is the perfect currency."
That said, Donald Trump has the best chance of winning the presidency in November. Moreover, should he win, Republicans may have total control of the government, and people like Wyoming Senator Cynthia Lummis will push their BTC agenda into reality. Also, don't forget that JD Vance, Trump's vice president, also holds Bitcoin.
I don't subscribe to this way of thought, but some notable Bitcoiners believe Trump is pandering to the bitcoiner crowd as a way to get votes.
That once he's in office he'll never mention Bitcoin again.
Some notable blunders in his speech can support this theory. The first thing that comes to mind is when he asks the crowd, "Does anyone here know what a stablecoin is?" and if anyone knows what a stablecoin is, "to put their hands up."
It felt like a grandpa, but like a cool grandpa, trying to understand all this talk about the bitcoins and TikTok and AI.
The Donald Trump speech also became a "buy the rumor, sell the news" event for crypto.
But after the dust had settled, it started to pump again, with BTC briefly touching $70k once the news sunk in.
Consider this: Donald Trump may not stand shoulder to shoulder with RFK Jr. or ex-candidate Vivek Ramaswamy on crypto vision, but it's a step in the right direction.
More than likely the future president just endorsed Bitcoin and crypto. Let that sink in.
Is Bitcoin becoming a Trump coin? At this year's conference, we saw "Make Bitcoin Great Again Hats," tons of MAGA support and little to no Democrat support.
You could tell some people only showed up for Trump reeking of MAGA, like they own Trump body pillows and punch the air when they hear about Kamala.
This is to say Bitcoin is becoming a Trump coin in some ways and oscillates based on whether one party wins or not. I'm not sure if this is a good thing or not.
Regardless, don't get it twisted; what we saw on Saturday is historic. It's the anti-1971 gold standard removal event of the 21st century.
This is the first president to endorse Bitcoin, and it will snowball more as crypto voters participate.
Heck, it's already making the Kamala Harris camp change their tune about Bitcoin, asking for a "reset" with crypto companies.
Trump's actions, particularly in establishing a BTC strategic reserve, will resonate strongly even with those new to the industry and is CRAZY bullish. Even if he backs out of other promises, I have a hard time believing he could back out of this one without serious backlash. This is a new day for Bitcoin, and as much as altcoins are anathema to Bitcoiners, it is a new day for crypto as well.
Things are about to get crazy.
Read this article:
'Make Everybody Rich:' Donald Trump, Bitcoin 2024, What's New For Cryptocurrency - International Business Times
Kyiv Police Solve Shocking Crypto-Motivated Murder – CryptoGlobe
According to a report by Daniel Kuhn for The Block, a press release by Ukraines National Policeannouncedon July 29 that Kyiv police had apprehended four men, aged 24 to 29, who meticulously planned and executed the abduction and murder of a 29-year-old foreigner. The criminals targeted the victim for his cryptocurrency, valued at approximately 7 million hryvnias. After kidnapping him, they apparently coerced the victim into transferring his bitcoins before suffocating him and burying his body in a forest.
Around midnight, residents in the Solomianskyi district heard screams and saw several unknown individuals forcibly placing a man into a vehicle. This prompted an immediate police operation in Kyiv and the surrounding region, involving all police units and operatives from the Main and Solomyan police departments.
The intensive efforts by the police, including support from the KORD special unit, led to the identification and arrest of the suspects. Investigations revealed that the criminals had prepared extensively for the crime. They tracked the victims residence and attacked him as he returned home. After abducting him, they took him to an abandoned building in Kyiv Oblast, where they forced him to transfer his cryptocurrency to their wallet. Following this, they strangled him, altered the vehicles license plates and appearance, and buried the body in a forest. The stolen cryptocurrency was then converted into cash.
During the investigation, police recovered money, the vehicle, and other critical evidence. The suspects are being charged under multiple articles of the Ukrainian Criminal Code:
All suspects have been detained without bail and face the possibility of life imprisonment.
Featured Image via Pixabay
The rest is here:
Kyiv Police Solve Shocking Crypto-Motivated Murder - CryptoGlobe
Why Bitcoin and Trump Are Once Again Cryptos Biggest Story – PYMNTS.com
Its day two of Nashvilles Bitcoin Conference, but many attendees are waiting for day three.
The reason? Saturday (July 27), at 2 p.m., is when U.S. Republican presidential nominee Donald Trump will give a keynote address to the conference.
The former president and current hopeful, who once dismissed bitcoin as a scam competing against the U.S. dollar, is now positioning himself as a proponent of the crypto industry.
Trump has already raised more than $4 million in crypto for his campaign war chest, and the crypto audience represents an attractive and lucrative voting bloc, particularly given their ongoing disillusionment with the current state of existing domestic digital asset policy.
A free T-shirt being offered to attendees of the conference reads Vote Trump.
Per a Barrons report, the prevailing sentiment among certain bitcoin investors and enthusiasts is that Trump will use his speech to make a major announcement, something along the lines of throwing his support behind having the U.S. government buy bitcoin as a strategic reserve asset, akin to foreign currencies, or oil.
Central banks investment in bitcoin would lend credibility to cryptocurrency, potentially elevating it to a status similar to gold in terms of being a store of value. Any such move could have a far-ranging influence on discussions around digital currencies and monetary sovereignty.
Trump, who has pitched himself as the crypto president, isnt the only politician speaking at the crypto festival. Republican former candidate Vivek Ramaswamy, independent U.S. presidential candidate Robert F. Kennedy Jr., and lawmakers from both parties including Sen. Cynthia Lummis of Wyoming are also slated to speak.
See also: Trump Running Mate J.D. Vances Antitrust Views Divide Business Leaders
Trumps rebranding as a crypto-friendly candidate is part of a larger trend among Republicans to embrace digital currencies and blockchain technology. This strategy aims not only to attract a young and tech-savvy demographic but also to tap into the substantial financial resources of the crypto sector. By aligning with the interests of cryptocurrency enthusiasts, Trump and his party are seeking to leverage the political and economic potential of this burgeoning industry.
Trumps running mate, J.D. Vance, has maintained a positive view on the digital asset sector throughout his political career, and voted as a senator accordingly.
The Republican Partys platform states that the GOP will end Democrats unlawful and unAmerican Crypto crackdown and defend the right to mine Bitcoin.
And as PYMNTS wrote earlier this month, the need forclear regulatory frameworksremains one of the most pressing issues facing the crypto industry.
What we are seeing, where its the UK, Japan, Singapore even the European Union, more than two dozen countries have come together toprovide a frameworkfor crypto regulation, RipplesCEO Brad Garlinghouse said last week (July 17). Its frustrating that we as a country cant get that framework in place. And instead, we have this interminable litigation coming from the SEC that really isnt solving the problem.
Ripple earlier this yeardonated $25 millionto the crypto industry super PACFairshake, with Garlinghouse saying at the time that those donations would continue each year, as long as the sector had its naysayers.
Read more: Blockchains Benefits for Regulated Industries
As the 2024 elections approach, the cryptocurrency sector is poised to play an increasingly significant role in American politics, across both parties.
Per a Politico report on Tuesday (July 23), billionaire investor and bitcoin enthusiast Mark Cuban believes that Democratic Presidential Nominee Kamala Harris would be far more open to crypto, though he noted that was certainly not confirmed by the VP.
Potentially contributing to the more mainstream embrace of crypto is the fact that institutions are starting to warm up to digital assets, too.
Coinbase Asset Managementis reportedly creating a tokenized money market fund, while asset managerBlackRockintroduced a tokenization of real-world assets: a fund called BUIDL that holds U.S. Treasurys and gained $500 million of assets following its launch in March.
Thetokenization of real-world assetsis a function of the blockchain landscape that has captured the imagination of various players across payments, financeandcommerce, PYMNTS reported in April.
As PYMNTS Intelligences latest report revealed, regulated industries, including healthcare and financial services, must adhere to numerous requirements, such as know your customer (KYC), anti-money laundering (AML) and data privacy regulations. Blockchain could help these industries in that regard.
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Why Bitcoin and Trump Are Once Again Cryptos Biggest Story - PYMNTS.com