Jersey City Mayor Steven Fulop is the latest politician to make cryptocurrency history yesterday. City government to invest in BitcoinAccording to social media posts, the mayor, who is currently running for governor, said the city’s pension plan will invest an undisclosed amount in a Bitcoin exchange-traded fund (ETF). In an interview with The Block, Mayor Fulop, a former trader at Citibank and Sanford Bernstein, said the investment is being made as a hedge against inflation. “It’s been very, very difficult over the last couple of years, and it seems to be getting worse, not better,” Mayor Pullop told The Block,…
Author: Crypto Flexs
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XRP remained in the $0.60 range. RSI has been in a very bullish trend for the past few days. Ripple (XRP) has seen a recent surge in price, which has also had a positive impact on other aspects of market dynamics. Although the number of XRP holders has not increased significantly yet, existing holders are experiencing a noticeable increase in the value of their investment. Ripple stands still According to AMBCrypto’s daily time frame chart analysis, XRP has been resilient in the $0.60 range since its surge around July 17. Also, the XRP price has been fluctuating between rising and…
Felix Pinkston July 26, 2024 12:31 The Securities and Futures Commission (SFC) and the Insurance Authority (IA) have joined forces to tackle irregularities across the sector and strengthen regulatory oversight. According to apps.sfc.hk, the Securities and Futures Commission (SFC) and the Insurance Authority (IA) have announced a collaborative effort to address cross-sector irregularities. The initiative aims to strengthen regulatory oversight in both the securities and insurance sectors to ensure a more robust financial ecosystem. Joint regulatory efforts The collaboration between the SFC and the IA represents an important step in addressing irregularities across sectors.…
Bitcoin hit a three-day high on Wall Street on July 26, as anticipation for the Bitcoin 2024 conference grew.BTC/USD 1-hour chart. Source: TradingViewBitcoin, PCE data mixedAccording to data from Cointelegraph Markets Pro and TradingView, the Bitcoin (BTC) price has risen to $67,963 on Bitstamp.BTC price action remained bullish throughout the Asian trading session despite mixed inflation data in the United States.This came in the form of the personal consumption expenditures (PCE) index, which showed spending beating expectations and was accompanied by strong unemployment data from the previous day.Source: SkewDespite this, Bitcoin has been on the rise along with U.S. stocks,…
BitfFlyer Holdings plans to acquire FTX Japan and launch a cryptocurrency-based exchange-traded fund (ETF).BitFlyer has completed the acquisition of 100% of the outstanding shares of FTX Japan, becoming a wholly owned subsidiary of FTX Japan.Yuzo Kano, CEO of bitFlyer Holdings, said in a July 26 post on X that the new business plans to provide cryptocurrency custody solutions for institutional investors.“We need a company with security technology that can safely store the physical BTC that will be used as the backing asset for the ETF. We aim to become a public service that serves as industrial infrastructure through the custody…
Vice President Kamala Harris’ presidential campaign has reached out to her to ask questions about the cryptocurrency industry, according to a source who spoke with members of the campaign.The source said Harris’ team wanted to know more about cryptocurrencies, calling the discussion itself a “relatively high-level introductory conversation.” They said her team asked why cryptocurrencies were getting so much attention and wanted more information about past conversations the crypto industry had had with President Joe Biden. Advisor.“I think they know this is important,” the source said. “They want to take a stance on it… They’re going to take their time.”Harris’s…
Investment syndicate Vanta DAO is transferring ownership of a multi-million dollar business to DAO members, who will become “owner-operators” in the process.“Once the organization returns to the NFT holders, we can move forward with the mindset of an owner, find new deals, and try to become owner-operators (of our own),” Vanta DAO member Jax Dwyer said on Rug Radio’s FOMO Hour show.Originally a private investment syndicate founded in 2021 by Josh Field and Mike Grantis, Vanta is focused on raising seed-stage investments in crypto and AI. The Vanta DAO recently launched a collection of NFTs that grants access to the…
Alvin Lang 26 July 2024 12:54 According to Bitfinex, there are rumors that President Trump may propose Bitcoin as a strategic reserve asset, which would likely have implications for global cryptocurrency regulation and policy. Former President Donald Trump is rumored to be announcing his intention to make Bitcoin a strategic reserve asset for the United States, a move that could have significant implications for the cryptocurrency markets. According to Bitfinex, this potential decision, which could be revealed at the 2024 Bitcoin Conference in Nashville, has the cryptocurrency community buzzing. The idea is to leverage…
30 celebrity tokens were launched on Solana in June 2024. The average token value plummeted within a month. Celebrity endorsements have failed to sustain market value. There is never a dull moment in the crypto space, and the potential to make huge amounts of money is there to attract many people. One group, a celebrity, saw the potential in launching their own Solana Memecoin. Celebrities started to launch tokens left and right because of how easy it was to do so. Then, crypto investors and fans jumped in, hoping to profit from the hype. However, the excitement quickly turned when…
US Spot Ethereum Ethereum +3.09% This week saw a contrasting start to the year for exchange traded funds (ETFs), with net inflows into some ETFs being overwhelmed by net outflows from Grayscale’s convertible fund, ETHE.Nine new spot Ethereum ETFs from eight issuers launched Tuesday, following approval from the SEC in May. BlackRock’s ETHA led the pack with $354.8 million in net inflows in the first few days of trading, followed by Bitwise’s ETHW with $249.9 million and Fidelity’s FETH with $180.1 million. In fact, almost all ETFs except Grayscale’s ETHE have seen inflows, with Grayscale’s ETHE alone seeing net outflows…