Month: August 2024

Bitmex cofounder and former CEO Arthur Hayes has predicted cryptocurrency prices will rise under both the Donald Trump and Kamala Harris administrations due to increased money printing. He added that bitcoin’s price could soar to “hundreds of thousands of dollars, maybe $1 million.” Arthur Hayes Predicts Aggressive Financial Measures and Soaring Crypto Prices Arthur Hayes, […] Source: https://news.bitcoin.com/arthur-hayes-predicts-your-crypto-will-rise-with-trump-or-harris-bitcoin-to-go-very-very-high/

Several U.S. politicians, including Donald Trump and Robert F. Kennedy Jr., have floated the idea of creating a strategic Bitcoin reserve ahead of the U.S. elections. However, a BTC crash earlier this week has shaken that thesis.  Bitcoin’s price plunged below $50,000 on Monday, triggering over $1 billion in liquidations amid fears of an impending U.S. recession. That volatility, according…

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District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple, imposing a $125 million civil penalty. “This is a victory for Ripple, the industry, and the rule […] Source: https://news.bitcoin.com/ripple-hails-victory-as-judge-cuts-secs-penalty-request-by-94-in-final-judgment-of-xrp-case/

In brief Volunteer organizers are hoping to show that crypto can be a bipartisan issue. Investor and Bitcoin Mark Cuban is expected to attend, as well as North Carolina Rep. Wiley Nickel. The group and its limited online reach has drawn criticism from Crypto Twitter. Vice President Kamala Harris’ stance on crypto is relatively unknown, but organizers behind a new…

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On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per coin, representing a 4.23% premium. According to data from cryptoquant.com, the South Korean premium has seen an […] Source: https://news.bitcoin.com/bitcoin-premium-climbs-to-6-in-south-korea-amid-market-turbulence/