David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants. […] Source: https://news.bitcoin.com/trump-campaign-crypto-aide-announces-presidential-roundtable-on-domestic-bitcoin-mining/
Month: June 2024
Binance CEO: Crypto industry has shifted from ‘early adopters’ to ‘early majority’
CEO Richard Teng’s commentary came in response to Binance reaching the 200 million user threshold. Source: https://cointelegraph.com/news/binance-ceo-richard-teng-crypto-industry-shifted-early-adopters-majority
Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery
Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders displaying increased engagement. Mt Gox Preparations Spark New Wave of Bitcoin Speculation Analysts at Glassnode reported the reappearance of speculative behavior […] Source: https://news.bitcoin.com/report-speculation-returns-as-bitcoin-market-shows-signs-of-recovery/
This Week in Crypto Games: ‘Hamster Kombat’ Airdrop, GTA 6 Bitcoin Trailer, and McDonald’s Metaverse
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the…
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to […] Source: https://news.bitcoin.com/rapid-fluctuations-in-bitcoin-fees-cause-brief-spike-in-hashprice/
China’s largest payments app debuts AI feature that checks if you’re balding
Eat your heart out Elon Musk and X.com, China’s Alipay is the real ‘everything app.’ Source: https://cointelegraph.com/news/china-payments-alipay-app-ai-artificial-intelligence-balding
BNB, TON, FIL, and INJ can go much higher if Bitcoin price flips $69K
Bitcoin is trying to flip the $69,000 level into support, and if it does, BNB, TON, FIL and INJ may move higher. Source: https://cointelegraph.com/news/bnb-ton-fil-inj-can-go-higher-bitcoin-price-69k
$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply. Stablecoin Market Swelled Last Season; USDE Climbs to Fourth Largest Dollar-Pegged Token While […] Source: https://news.bitcoin.com/16b-injected-into-stablecoin-economy-in-90-days-tether-claims-69-of-total/
Polymarket Bets Show Growing Confidence in Trump’s Election Victory Over Biden
Ten days ago, after former President Donald Trump was convicted on 34 counts connected to a hush-money scheme, Polymarket bets indicated his chances of winning the 2024 election still stood at 54%, compared to incumbent President Joe Biden’s 40%. Since that time, the gap between Trump and Biden has widened significantly, with Polymarket odds increasingly […] Source: https://news.bitcoin.com/polymarket-bets-show-growing-confidence-in-trumps-election-victory-over-biden/
Bitcoin Premium in South Korea Increases, Reflecting Strong Local Demand
After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC) saw its infamous premium in South Korea drop below 1% after nearly hitting 10% in mid-April. Current data […] Source: https://news.bitcoin.com/bitcoin-premium-in-south-korea-increases-reflecting-strong-local-demand/