Democratic candidate Yassamin Ansari, supported by more than $1 million in crypto Super PAC funds, claimed victory in an Arizona congressional primary. Source: https://cointelegraph.com/news/crypto-pac-arizona-recount-democrat-victory?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
RFK Jr’s running mate floats ‘unity party’ with former President Trump
Nicole Shanahan claimed that 51% of Americans were against the two-party system dominating modern United States politics. Source: https://cointelegraph.com/news/rfk-jr-running-mate-floats-unity-party-former-president-trump?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Malaysian Police Crushed Hundreds of Bitcoin Mining Rigs With a Steamroller
Malaysian authorities crushed 985 Bitcoin mining rigs on Monday amid a countrywide crackdown on electricity theft, which is sometimes associated with crypto miners. The circulating video shows a heavy-duty steamroller slowly making its way over the mining rigs, in an attempt to destroy them—although many appear to have survived at least the first round shown in the embedded tweet video…
Cambodia’s Bakong Tourists app boosts regional payment options
The Cambodian central bank’s Soramitsu-backed digital payment system is continuing to expand. Source: https://cointelegraph.com/news/cambodia-bakong-tourists-app-blockchain-payments?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US regulator fines crypto fund $150K for illicit Bitcoin loan
It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022. Source: https://cointelegraph.com/news/us-regulator-fines-crypto-fund-illicit-bitcoin-loan?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Solana price hits a wall at $150 as several headwinds intensify
SOL price struggles to gain upward traction as DApp volumes plunge, spot ETF odds dwindle, and memecoins fail to rally. Source: https://cointelegraph.com/news/solana-price-hits-a-wall-at-150-as-several-headwinds-intensify?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Polymarket Odds Suggest 81% Chance of RFK Jr. Exiting 2024 Race as Shanahan Hints at Trump Alliance
Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their campaign might align with former President Donald Trump. On Tuesday, the odds of Kennedy withdrawing peaked to it’s highest point yet. RFK Jr.’s Campaign Faces […] Source: https://news.bitcoin.com/polymarket-odds-suggest-81-chance-of-rfk-jr-exiting-2024-race-as-shanahan-hints-at-trump-alliance/
Bitcoin Price Churn Enters ‘Final Phase’ Before Bull Run Continues: CryptoQuant
Bitcoin now has the “sustained demand” to break out of its months-long consolidation range, an analyst from CryptoQuant predicts. After dipping below $50,000 earlier this month, the top digital currency has returned to its well-established price range between $57,000 and $68,000. In the aftermath, Bitcoin’s average daily token transfer volume rose from 650,000 BTC to 765,000 BTC. According to verified…
Nigeria’s SEC Chief Says Crypto Exchange Licenses Are Imminent
In a significant shift in Nigeria’s cryptocurrency landscape, the country’s Securities and Exchange Commission (SEC) is preparing to license crypto exchanges, signaling a move towards formal regulation of the burgeoning digital asset market. Expressing optimism about the imminent regulatory changes in an interview with Bloomberg, SEC Chief Emomotimi Agama said, “Being a crypto enthusiast and fintech enthusiast, I can tell…
Crypto Lender Ledn Gets $50 Million Bitcoin-Backed Loan
Digital asset banking group Sygnum has given crypto lender Ledn a Bitcoin-backed loan of $50 million, described as the first such loan of its kind. The idea, according to a Tuesday announcement, is that Toronto-based Ledn—which offers interest-bearing savings accounts and Bitcoin-backed loans—will use the cash to grow its retail lending operations. The firms say it’s the first time a…