Wylie Nickel, a moderate Democrat who is serving his first term as representative for North Carolina’s 13th Congressional District, said in an on-stage interview at the Bitcoin 2024 conference that he and his party members wrote a letter to party leaders asking them to include more support for cryptocurrencies in the party’s platform. “This letter, sent to 28 elected Democrats, including 14 members of the U.S. House of Representatives, including Ro Khanna (D-CA), calls on the DNC and the next Democratic presidential candidate to do four things: include language supporting digital assets in their party’s platform, select a vice presidential…
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Cryptocurrency analytics firm Santiment outlined altcoins that could potentially see a bullish performance as digital asset markets rally on Friday. Santiment aims to measure whether an asset is undervalued or overvalued by analyzing its Market Value to Realized Value (MVRV) Z-score. Assets with low MVRV Z-scores are considered undervalued, while assets with high MVRV Z-scores are considered overvalued. Realized value aims to record the price at the last point of change for each asset and measure how many holders are making profits or losses. Santiment explains: “If you believe the market is going to surge, you are more likely to…
Timothy Morano 26 Jul 2024 08:32 Learn the truth behind five common misconceptions surrounding Web3 games, including AAA studio involvement, user-friendliness, and financial models. Web3 gaming is rapidly evolving, but misconceptions still exist. According to immutable.com, it is important to distinguish fact from fiction in this rapidly growing field.AAA Studios Are Investing in Web3Contrary to popular belief that AAA game studios are ignoring Web3, industry giants like Ubisoft, Sony, and Epic Games are investing heavily in the space. According to Immutable (IMX), 29 of the world’s top 40 game companies are already on board.…
Top Stories This Week BlackRock Bitcoin ETF records biggest inflow day since March at $523M BlackRock’s spot Bitcoin exchange-traded fund (ETF) notched its biggest day of inflows in over four months, with over $523 million entering the fund on July 23. The iShares Bitcoin Trust ETF (IBIT) scooped up 7,759 Bitcoin on July 22 — worth just over $523 million at the time of writing — according to Hey Apollo data cited by its co-founder, Julian Fahrer, in a July 23 post on X. The July 22 inflows bring the total assets under management for IBIT to 333,000 BTC, worth…
Top Stories This Week BlackRock Bitcoin ETF records biggest inflow day since March at $523M BlackRock’s spot Bitcoin exchange-traded fund (ETF) notched its biggest day of inflows in over four months, with over $523 million entering the fund on July 23. The iShares Bitcoin Trust ETF (IBIT) scooped up 7,759 Bitcoin on July 22 — worth just over $523 million at the time of writing — according to Hey Apollo data cited by its co-founder, Julian Fahrer, in a July 23 post on X. The July 22 inflows bring the total assets under management for IBIT to 333,000 BTC, worth…
FLOKI could see a 25% recovery if market sentiment improves This recovery could be thwarted if whales sell off their holdings Among the top Mimecoins on the market, FLOKI INU It showed the least price relief in the last 24 hours. FLOKI rose by 1.5%. Pepe and Dog Whip Hat (WIF)but Bonk and Dogecoin (DOGE) They rose 6% and 4% respectively. This suggests that if the relief rally continues into the new week, Mimecoin may not rally equally. But what does this mean for FLOKI? Can FLOKI reverse its recent 20% loss? Source: FLOKI/USDT, TradingView FLOKI lost more than 20%…
Wyoming Senator Cynthia Lummis told The Block that she will introduce legislation next week that would direct the U.S. Treasury to purchase 1 million bitcoins (worth about $68 billion at current prices) over five years. She said the move was intended to counteract the effects of the dollar’s declining value.“Bitcoin Bitcoin -0.24% “It’s a huge store of value. It’s increased by about 55 percent a year over the last four years. Over that same period, we’ve seen the value of the U.S. dollar go down and inflation go up,” Senator Lummis said.“So I think it would be valuable to have…
James Ding 26 Jul 2024 08:57 Binance has launched a promotion for the FDUSD Easy Profit product, offering eligible users up to 11.5% APR rewards during the promotion period. Leading cryptocurrency exchange Binance has launched a new promotion for FDUSD Simple Earn Flexible Products. According to binance.com, eligible users can enjoy an exclusive bonus tiered annual percentage rate (APR) of 10.5% on top of the real-time APR rewards, bringing the total potential APR to 11.5%.Promotion DetailsThe promotion period runs from July 26, 2024 (00:00 UTC) to August 8, 2024 (23:59 UTC). Users who sign…
Update July 26, 1:20 PM UTC: This article has been updated to include a quote from Nexo’s Eleonor Genova.Elon Musk’s X is causing waves in the cryptocurrency community once again by removing the cryptocurrency emoji that has been in use for more than four years.The cryptocurrency community on X is wondering why several cryptocurrency emojis, including Bitcoin (BTC), have been removed from the social media platform. According to multiple reports, X deleted the Bitcoin hashtag emoji and several other cryptocurrency emojis on July 25.Source: Degen NewsCommunity requests Bitcoin emojis with UnicodeThe cryptocurrency community was quick to react to the news…
Donald Trump further detailed his cryptocurrency platform on stage in Nashville. Bitcoin Bitcoin +0.93% He is scheduled to take the stage an hour after his scheduled address on Saturday to deliver his 2024 convention address. In a speech that mostly covered broad election-related policies, former President Trump also outlined more specific promises related to Bitcoin and the broader cryptocurrency industry. In a speech that drew a roar from the audience, the candidate surprised Trump by announcing that if elected, he would replace SEC Chairman Gary Gensler. Gensler is a common enemy of the crypto industry, which generally sees his policies…