The upcoming roundtable hosted by Ro Khanna represents a crucial opportunity for the cryptocurrency industry to influence the policy direction of the next administration. Source: https://cointelegraph.com/news/crypto-executives-white-house-ro-khanna-policy-meeting?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
As Trump Stumps Against CBDC, Fed Chair Says ‘Nothing New’ With Digital Dollar
On the campaign trail, former United States President Donald Trump says crypto holders should be concerned about the Orwellian implications of a digital dollar. But behind the scenes, the Federal Reserve is not moving forward on developing a central bank digital currency (CBDC), according to Fed Chair Jerome Powell. “In terms of a CBDC, there’s really nothing new going on,”…
Sen Lummis bill gains swift support with 2,200 letters sent
A proposed decentralized network of secure Bitcoin vaults with robust cybersecurity measures aims to minimize digital asset storage risks like theft and hacking. Source: https://cointelegraph.com/news/strategic-bitcoin-reserve-bill-2200-letters-support?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
This Week in Coins: Bitcoin Starts Week Strong But Drops Hard Amid Wall Street Panic
It didn’t take long for things to go pear-shaped. Bitcoin was closing in on its all-time high again on Monday after briefly touching $70,000 per coin on America’s biggest crypto exchange, Coinbase. But by Friday, it had dipped so, so low: Bitcoin has over the week dropped by more than 9% to $61,358—dipping as low as $60,704—according to CoinGecko. The…
Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims
The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount to the devaluation of the currency. Ahmed stated that the intention is to unify the official and parallel market exchange rates. Reports suggest that Ethiopia’s decision to float the birr was promptly rewarded […] Source: https://news.bitcoin.com/ethiopian-premier-defends-currency-float-decision-rejects-devaluation-claims/
Grayscale ETHE outflows continue as Ethereum ETF shows mixed trends
Factors such as market performance, management strategies, and broader economic conditions could influence the significant outflows from Grayscale’s ETHE. Source: https://cointelegraph.com/news/ethereum-etfs-major-movements-ethe-outflow-august-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Dogwifhat open interest declines 28% amid fears of a $1.50 'likely retest'
Crypto traders claim that Dogwifhat will “likely retest” the critical support level as its price and open interest have both plummeted since July 27. Source: https://cointelegraph.com/news/dogwifhat-wif-price-open-interest-decline-crypto-traders?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Iran Backs Russia on BRICS Single Currency Initiative
Iran plans to support Russia’s initiatives on creating a BRICS single currency and expanding national currency payments within the bloc, according to Iran’s Ambassador to Moscow, Kazem Jalali. The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring the creation of a new currency to reduce reliance on the U.S. dollar and mitigate […] Source: https://news.bitcoin.com/iran-backs-russia-on-brics-single-currency-initiative/
OpenAI’s current business model is ‘untenable’ — Report
Technology commentator Edward Zitron claims OpenAI will need to make several changes to “survive” beyond two years, but some industry executives disagree. Source: https://cointelegraph.com/news/open-ai-artificial-intelligence-ai-chatgpt-business-model?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Coinzoom Operations Suspended in Ohio Following Regulatory Examination
The Ohio Department of Commerce has ordered crypto exchange Coinzoom to cease operations in the state effective Aug. 1 following a regulatory examination. Current customers can still withdraw their assets, but the exchange cannot accept new business. The suspension follows a multi-state examination revealing financial discrepancies. Coinzoom is seeking an administrative hearing to address the […] Source: https://news.bitcoin.com/coinzoom-operations-suspended-in-ohio-following-regulatory-examination/