A newly elected, pro-crypto Congress is set to reshape U.S. policy, says Coinbase CEO, with 281 advocates ready to drive clear regulations and economic freedom. Coinbase CEO Welcomes the Most Pro-Crypto Congress in US History Coinbase CEO Brian Armstrong shared his perspectives on the elections this week, viewing the results as a pivotal moment for […] Source: https://news.bitcoin.com/america-elects-the-most-pro-crypto-congress-ever-declares-coinbase-ceo/
Month: November 2024
Detroit to Accept Crypto for Tax Payments in Bid to Spur Tech Innovation, Fuel Economic Growth
Detroit is set to become the largest U.S. city to accept crypto for tax and fee payments, an initiative aimed at positioning the city as a tech-friendly hub and fostering economic growth. Starting mid-2025, residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform, the city announced Thursday. The payment option forms part…
Crypto Power Surge: Over 280 Pro-Crypto Allies Secure US Congress Seats
A pro-crypto Congress takes shape as more than 280 newly elected crypto-friendly allies promise to drive bold reforms, fueling momentum for a decentralized financial future. A New Congress Emerges, Driven by Crypto Voters and Rising Influence The U.S. cryptocurrency industry saw major successes in this week’s elections, with over 280 pro-crypto candidates winning congressional seats […] Source: https://news.bitcoin.com/crypto-power-surge-over-280-pro-crypto-allies-secure-us-congress-seats/
Jack Dorsey’s Block Shifts Focus to Bitcoin Mining Amid Trump’s Crypto Promises
Block, Inc. is doubling down on its bitcoin mining hardware business as President-elect Donald Trump’s presidential win opens the crypto industry to a potentially more favorable environment for the crypto mining sector. The payments and blockchain infrastructure company led by Jack Dorsey announced in a published shareholder letter Thursday that it would reallocate resources to focus on mining equipment development.…
JPMorgan Stays Bullish: ‘We Are Positive on Bitcoin Into 2025’
JPMorgan forecasts a bullish outlook for bitcoin through 2025, citing Trump’s economic policies and intensified “debasement trade” strategies favoring bitcoin and gold as hedges against currency devaluation. Bullish Outlook: JPMorgan Sees Bitcoin Poised for Gains Through 2025 Global investment bank JPMorgan released a report on Thursday, detailing how Donald Trump’s recent victory in the U.S. […] Source: https://news.bitcoin.com/jpmorgan-stays-bullish-we-are-positive-on-bitcoin-into-2025/
Block Inc’s Bitcoin revenue stagnates in Q3, shares drop 12% on revenue miss
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses. Source: https://cointelegraph.com/news/block-q3-earnings-bitcoin-revenue-stagnates-shares-drop-revenue-miss?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Detroit residents will be able to pay taxes with crypto from mid-2025
Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels. Source: https://cointelegraph.com/news/detroit-residents-pay-taxes-with-crypto-from-mid-2025?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monkey See, Monkey Flee: 43 Rhesus Rebels Are on the Loose, Meme Coins Go Bananas
You’re mad about the election results; we get it. But guess who else is seeing red? Monkeys. On Wednesday, authorities in Yemassee, South Carolina, issued an alert that more than 40 rhesus macaque Monkeys had bolted from the Alpha Genesis research facility and vanished. That’s right, a whole crew of disgruntled primates is now on the loose—probably plotting their next…
Anthropic, Palantir follows Meta’s lead taking AI to war
Anthropic’s AI model will be integrated into one of Palantir’s data systems, which is authorized to contain “secrets” critical to US national security. Source: https://cointelegraph.com/news/anthropic-palantir-provide-ai-intelligence-tools-for-us-defence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Solana Jumps to $200 as Bitcoin Price Sets Another All-Time High
Solana (SOL), the fourth-biggest crypto by market cap, is now worth $200 per coin for the first time in seven months, breaking the barrier shortly after Bitcoin set another new all-time high price. SOL is now trading hands for $200, according to Coinbase data. That’s a rise of about 7% in 24 hours. It is one of the biggest winners—out…