Biden’s reelection odds brush single digits on Polymarket
Former U.S. President Donald Trump is still in the lead at odds at 61%, while U.S. Vice President and Democrat Kamala Harris is second with 19% odds. Go to Source
Month: July 2024
Bitcoin crashes to $53K, but analysts warn the worst isn’t over
Analysts say Bitcoin could sink as low as $50,000 but said strong macro and an entrenched “buy the dip” mentality could see price rebound quickly. Go to Source
Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements
Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been presented and the issue is now being discussed. The Ministry of Finance also confirmed that this is being … Read more
Bitcoin falls to $55K as crypto liquidations breach $580M
Around $193 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February. Go to Source
Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy
Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative and remarked on the function of stablecoins as … Read more
Coinbase continues to fight for access to Gensler’s private emails
In a recent letter to a district court judge, Coinbase argued that the SEC Chair’s private communications are an “appropriate source of discovery” crucial to mounting a reasonable defense. Go to Source
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers were conducted earlier on July 4. The trustee had previously announced that … Read more
German MP urges government to stop ‘hasty’ Bitcoin sell-off
German MP Joana Cotar said the mass Bitcoin sell-off isn’t “sensible” and “productive” as it could be used to diversify treasury assets and protect against currency devaluation. Go to Source
Mt. Gox moves $2.7B in Bitcoin to new wallet address
One of Mt. Gox’s cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors. Go to Source
Crypto Owners More Likely to Have ‘Dark’ Traits, Study Shows
A recent study has found that cryptocurrency ownership is associated with belief in conspiracy theories and “dark” personality traits such as narcissism, Machiavellianism, psychopathy, and sadism (collectively known as the “Dark Tetrad”). The research highlights the diverse political identities of crypto owners and their aversion to authoritarianism. Study Reveals Political and Psychological Traits of Cryptocurrency … Read more
