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Every five years, very old coins start moving. In this cycle, the historical peak reached 0.37.
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The Mt. Gox payout process is nearly halfway complete! According to an official Mt. Gox document, the bankruptcy trustee made another distribution to creditors on July 24, following previous distributions on July 5 and July 16. Bitcoin and Bitcoin Cash were distributed to more than 17,000 creditors through specified cryptocurrency exchanges as outlined in the reorganization plan. The trustee will continue to verify creditor information and process remaining claims before distributing the remaining funds. Recent updates: - Mt. Gox transferred -382.02 BTC (~$25.16M) to Bitstamp on July 24, 2024, at 06:50 UTC. - Mt. Gox transferred -1978.99 BTC (~$130.14M) to Bitstamp on July 24, 2024, at 06:35 UTC. BTC Holding Update: - Mt. Gox: 80.128K BTC remaining, 56.55% - U.S. Government: 213.239K BTC remaining, 98.15% - German Government: 0.007 BTC remaining, 0.00%
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According to Treasury Secretary Janet Yellen, transitioning to a low-carbon economy will require $3 trillion per year until 2050. This totals $78 trillion, which is more than twice the current national debt.
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#Ethereum and #Bitcoin : Estimated leverage - all exchanges
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Morning news from CrypticNews Hub 1. Harris and Trump poll data are "on par." 2. A whale who previously sold ETH for profit opened a position of 6,206 ETH at $3,279. 3. U.S. Democrat Congressman: I believe the new generation of politicians from both parties will understand the value of Bitcoin and other cryptocurrencies. 4. U.S. Congressman: The United States must take a leading role in the Bitcoin space. 5. U.S. Congressmen wrote a letter to several Democrat congressmen urging them to choose crypto-friendly candidates for Vice President. 6. Citigroup economists: Fed's concerns about the economy weakening faster could accelerate rate cuts. 7. Media news: Obama and his wife support Harris's candidacy for President. 8. Cantor Fitzgerald CEO announced at the 2024 Bitcoin conference that he owns a significant amount of Bitcoin. 9. Trump arrived at the Bitcoin conference to prepare for his speech and was greeted by a large crowd. 10. Source: Harris's campaign team is building relationships with crypto companies like Coinbase, Circle, and Ripple. 11. Cantor Fitzgerald CEO announced $2 billion in Bitcoin funding and expressed support for Tether. 12. Trump: Bitcoin has the potential to surpass gold's market value in the future. 13. Trump: Bitcoin is as important as the steel industry 100 years ago, and we must succeed in this field. 14. Trump: Bitcoin will "go to the moon," and I hope the United States will lead this trend. 15. Trump: Gary Gensler will be fired on the first day of his inauguration. 16. Trump: Will not sit idly by and watch encryption-related jobs leave the U.S., and will ensure regulatory clarity. 17. Trump: After taking office, there will never be a CBDC. 18. Trump: I will immediately appoint a Presidential Advisory Committee on Bitcoin and Cryptocurrencies after taking office. 19. Trump: Bitcoin does not pose a threat to the U.S. dollar, but the current government does. 20. Trump: Bitcoin supporters have a deep understanding of inflation and foresaw the current situation of uncontrolled inflation long ago.
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Here is a summary of Donald Trump's speech on Bitcoin: - Recognition of the Bitcoin Community's Genius: Trump expressed admiration for the achievements of the Bitcoin community, comparing its greatness to the steel industry a century ago. - Rapid Growth of Bitcoin: In 15 years, Bitcoin has grown from an idea to the ninth largest asset in the world, surpassing companies like Exxon Mobil. - Potential for the Future: Trump predicts that Bitcoin could surpass gold and become an even more significant asset. - Competition and Cooperation: Trump noted that there is healthy competition within the Bitcoin community, along with a strong sense of camaraderie and smart relationships. - America First: Trump stated that America must embrace cryptocurrencies to avoid losing leadership to China and other countries. - Energy Requirements: To dominate the Bitcoin industry, the U.S. needs significant energy consumption, which Trump plans to meet with fossil fuels and eco-friendly methods. - Support for Diversity in Vehicles: While Trump supports electric vehicles and Elon Musk's achievements, he also advocates for the freedom to choose between electric, hybrid, and gasoline vehicles. - Cryptocurrencies and Economic Growth: Trump promised to make the U.S. the cryptocurrency capital of the world and end the current crackdown on the crypto industry. - Regulation and Support: He intends to create a Presidential Advisory Council on Bitcoin and Cryptocurrencies to develop clear regulatory guidelines within 100 days. - Rejection of Central Bank Digital Currency (CBDC): Trump is firmly against the introduction of CBDC in the U.S. - Strategic National Bitcoin Reserve: Trump proposed retaining all Bitcoins owned by the U.S. government and creating a national Bitcoin reserve to benefit all Americans.
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