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Bitcoin An ‘Important Part’ Of Our Economy, US Senator Says
The potential of the cryptocurrency industry to boost the US economy has been recently noted by US Senator Cynthia Lummis, who also emphasized the significance of seizing and utilizing these new opportunities.
Related Reading: Deutsche Bank Dives Into Crypto: Ethereum Platform Tested To Fight Shrinking Profits
Senator Lummis’ Crypto Advocacy
In collaboration with Senator Kirsten Gillibrand and other colleagues, Lummis has played a key role in forming a financial innovation caucus and developing a regulatory framework for the rapidly expanding crypto sector.
Lummis has been a proponent of cryptocurrencies for a long time and has often informed Congress on the importance of digital currencies.
She highlighted Bitcoin’s utility both as an investment and a payment method, noting its increasing acceptance, particularly in the face of global inflation concerns.
Reflecting on her time in the Senate, Lummis remarked on the progress made in understanding digital assets since she arrived. Initially, many Senate members lacked a clear understanding of digital assets, and Lummis has worked diligently to educate them about the distinctions between Bitcoin and other cryptocurrencies.
The potential of the cryptocurrency industry to boost the US economy has been recently noted by US Senator Cynthia Lummis, who also emphasized the significance of seizing and utilizing these new opportunities.
Related Reading: Deutsche Bank Dives Into Crypto: Ethereum Platform Tested To Fight Shrinking Profits
Senator Lummis’ Crypto Advocacy
In collaboration with Senator Kirsten Gillibrand and other colleagues, Lummis has played a key role in forming a financial innovation caucus and developing a regulatory framework for the rapidly expanding crypto sector.
Lummis has been a proponent of cryptocurrencies for a long time and has often informed Congress on the importance of digital currencies.
She highlighted Bitcoin’s utility both as an investment and a payment method, noting its increasing acceptance, particularly in the face of global inflation concerns.
Reflecting on her time in the Senate, Lummis remarked on the progress made in understanding digital assets since she arrived. Initially, many Senate members lacked a clear understanding of digital assets, and Lummis has worked diligently to educate them about the distinctions between Bitcoin and other cryptocurrencies.
BlackRock’s ETF Overtakes Grayscale, Becomes Top Global Bitcoin Fund With $20B In Assets
In a significant development for the cryptocurrency market, BlackRock’s iShares Bitcoin Trust has become the largest fund dedicated to Bitcoin, accumulating nearly $20 billion in total assets since its US listing earlier this year.
Bloomberg data reveals that as of Tuesday, the exchange-traded fund held $19.68 billion worth of Bitcoin, surpassing Grayscale Bitcoin Trust’s (GBTC) $19.65 billion position. Fidelity Investments’ offering is the third-largest fund with $11.1 billion in assets
BlackRock’s iShares Bitcoin Trust Leads Inflows
The launch of the BlackRock and Fidelity Bitcoin ETFs, alongside seven others, on January 11 marked a pivotal moment for the crypto industry. Simultaneously, the Grayscale vehicle, operating for over a decade, transitioned into an ETF.
These developments significantly increased Bitcoin’s accessibility for institutional and retail investors and triggered a rally in the world’s largest cryptocurrency price, which soared to a record high of $73,700 on March 14.
In a significant development for the cryptocurrency market, BlackRock’s iShares Bitcoin Trust has become the largest fund dedicated to Bitcoin, accumulating nearly $20 billion in total assets since its US listing earlier this year.
Bloomberg data reveals that as of Tuesday, the exchange-traded fund held $19.68 billion worth of Bitcoin, surpassing Grayscale Bitcoin Trust’s (GBTC) $19.65 billion position. Fidelity Investments’ offering is the third-largest fund with $11.1 billion in assets
BlackRock’s iShares Bitcoin Trust Leads Inflows
The launch of the BlackRock and Fidelity Bitcoin ETFs, alongside seven others, on January 11 marked a pivotal moment for the crypto industry. Simultaneously, the Grayscale vehicle, operating for over a decade, transitioned into an ETF.
These developments significantly increased Bitcoin’s accessibility for institutional and retail investors and triggered a rally in the world’s largest cryptocurrency price, which soared to a record high of $73,700 on March 14.
BREAKING: Former FTX Executive Ryan Salame Receives 90-Month Prison Sentence
Ryan Salame, a former high-ranking official at Alameda Research and co-CEO of bankrupt crypto exchange FTX, has been sentenced to 90 months in prison for his involvement in what the US Southern District of New York calls “illegal political contributions” and operating an unlicensed money transmitter business.
Conspiracy Charges In Financial And Political Schemes
The sentencing, delivered by US District Judge Lewis A. Kaplan, follows Salame’s guilty plea to conspiracy to defraud the Federal Election Commission and conspiracy to operate an unlicensed money-transmitting business.
Ryan Salame, a former high-ranking official at Alameda Research and co-CEO of bankrupt crypto exchange FTX, has been sentenced to 90 months in prison for his involvement in what the US Southern District of New York calls “illegal political contributions” and operating an unlicensed money transmitter business.
Conspiracy Charges In Financial And Political Schemes
The sentencing, delivered by US District Judge Lewis A. Kaplan, follows Salame’s guilty plea to conspiracy to defraud the Federal Election Commission and conspiracy to operate an unlicensed money-transmitting business.
BNB Forms Bullish Flag Pattern On 1-Day Chart – What’s Next?
After a rally to create an all-time high, the price of Binance Coin (BNB) has been in a consolidation zone. During this consolidation, BNB’s price has managed to form a bullish triangle flag above the 100-day Simple Moving Average (SMA) in the 1-day timeframe.
Currently, the price of Binance coin is moving between the $647 resistance level and the $498 support level building momentum for a bullish breakout with a total capitalization of $89,412,113,586, which is about 1.70% up in the last 24 hours, and a trading volume of $1,535,069,940, over 37% down in the last 24 hours. At the time of writing, BNB’s price was trading around $604 above the 100-day simple moving average, about 0.65% up in the last 24 hours.
After a rally to create an all-time high, the price of Binance Coin (BNB) has been in a consolidation zone. During this consolidation, BNB’s price has managed to form a bullish triangle flag above the 100-day Simple Moving Average (SMA) in the 1-day timeframe.
Currently, the price of Binance coin is moving between the $647 resistance level and the $498 support level building momentum for a bullish breakout with a total capitalization of $89,412,113,586, which is about 1.70% up in the last 24 hours, and a trading volume of $1,535,069,940, over 37% down in the last 24 hours. At the time of writing, BNB’s price was trading around $604 above the 100-day simple moving average, about 0.65% up in the last 24 hours.
Bitcoin Whales Buy $1.34 Billion In BTC In One Day – Is Return To $70,000 Imminent?
Following rumors of a potential Ethereum spot exchange-traded fund (ETF) approval, the Bitcoin price made a run at its current all-time high of $73,737. While the momentum was not sufficient to push the premier cryptocurrency to a new record price, BTC still managed to cross the $70,000 level for the first time in over a month.
Bitcoin’s price soon experienced a correction and currently sits below $70,000 despite the SEC’s eventual approval of the ETH ETF. However, the latest on-chain revelation suggests that the BTC price might resume its upward movement sooner rather than later.
Following rumors of a potential Ethereum spot exchange-traded fund (ETF) approval, the Bitcoin price made a run at its current all-time high of $73,737. While the momentum was not sufficient to push the premier cryptocurrency to a new record price, BTC still managed to cross the $70,000 level for the first time in over a month.
Bitcoin’s price soon experienced a correction and currently sits below $70,000 despite the SEC’s eventual approval of the ETH ETF. However, the latest on-chain revelation suggests that the BTC price might resume its upward movement sooner rather than later.
Crypto Bounces Back, But Stablecoins Emerge As Investor Safe Haven
The once-frenzied cryptocurrency market seems to be taking a deep breath. Forget moon shots, investors are increasingly seeking a crypto sanctuary: stablecoins. These cryptocurrencies are pegged to real-world assets like the US dollar, offering a haven from the wild price swings that plague Bitcoin and its brethren.
Related Reading: Can Ethereum Trust Its Own? Researchers’ Side Deals Raise Transparency Concerns
Dominant Tether Faces Rising USDC Star
The trend is undeniable. Sentiment analysis firm Santiment reveals a dramatic rise in wallets holding stablecoins, especially in 2024. This newfound love affair is evident in the growth of USDC, a stablecoin issued by Circle.
The once-frenzied cryptocurrency market seems to be taking a deep breath. Forget moon shots, investors are increasingly seeking a crypto sanctuary: stablecoins. These cryptocurrencies are pegged to real-world assets like the US dollar, offering a haven from the wild price swings that plague Bitcoin and its brethren.
Related Reading: Can Ethereum Trust Its Own? Researchers’ Side Deals Raise Transparency Concerns
Dominant Tether Faces Rising USDC Star
The trend is undeniable. Sentiment analysis firm Santiment reveals a dramatic rise in wallets holding stablecoins, especially in 2024. This newfound love affair is evident in the growth of USDC, a stablecoin issued by Circle.
Shiba Inu’s Shibarium Teases 420 Million Transaction Milestone As Daily Transactions Jump 50%
Shibarium, the Ethereum Layer 2 network developed by the Shiba Inu team, has seen some remarkable growth since it launched in 2023. With the continuous usage, the network is on its way to reaching a new major milestone amid a notable 50% in its daily transactions.
Shibarium Almost At 420 Million Transactions
According to data from Shibariumscan, the total number of transactions that have been carried out since inception is nearing 420 million. At the time of writing, the figure is sitting just above 417.53 million, which means the network has achieved this feat in nine months, after launching in August 2023.
This comes amid a jump in the daily transaction volume, signaling a interest in the Shibarium network. The daily transactions had retraced to 10,904 on Tuesday after initially rising to 18,554 on Monday, its second-highest daily figure in the month of May so far. However, on Wednesday, the network’s transaction saw a 50% jump from Tuesday’s lows, rising to 15,414.
Shibarium, the Ethereum Layer 2 network developed by the Shiba Inu team, has seen some remarkable growth since it launched in 2023. With the continuous usage, the network is on its way to reaching a new major milestone amid a notable 50% in its daily transactions.
Shibarium Almost At 420 Million Transactions
According to data from Shibariumscan, the total number of transactions that have been carried out since inception is nearing 420 million. At the time of writing, the figure is sitting just above 417.53 million, which means the network has achieved this feat in nine months, after launching in August 2023.
This comes amid a jump in the daily transaction volume, signaling a interest in the Shibarium network. The daily transactions had retraced to 10,904 on Tuesday after initially rising to 18,554 on Monday, its second-highest daily figure in the month of May so far. However, on Wednesday, the network’s transaction saw a 50% jump from Tuesday’s lows, rising to 15,414.
Trump Campaign Adopts Bitcoin, ETH, XRP, Dogecoin, SHIB For Election War Chest
Former US President Donald J. Trump has announced that his campaign will accept donations in Bitcoin and various cryptocurrencies, marking a significant milestone as the first major party Presidential nominee to employ this strategy for fundraising. The announcement came via an official campaign press release.
The Trump campaign’s new fundraising initiative integrates the use of popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB). These can now be donated through Coinbase Commerce, a service that allows merchants to accept multiple cryptocurrencies directly into a user-controlled wallet.
Related Reading: Trump Campaign Develops Bitcoin Agenda With Industry Expert: Details
The campaign contrasts its embrace of cryptocurrency with the positions of key Democratic opponents, particularly President Joe Biden and Senator Elizabeth Warren, who have expressed significant skepticism towards the utility and regulation of digital currencies. The press release specifically calls out Senator Warren’s efforts to curtail the crypto sector, which she has often described as a ‘shadowy system’ that needs more stringent regulation.
Biden surrogate Elizabeth Warren said in an attack on cryptocurrency that she was building an ‘anti-crypto army’ to restrict Americans’ right to make their own financial choices. MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!,” the press release states.
David Bailey, the CEO of Bitcoin Magazine, who developed the Bitcoin agenda with the Trump campaign, commented via X, highlighting the significance of this move: “Only the start of the Trump news.”
Related Reading: Donald Trump Champions Crypto: ‘I’m Good With It, Vote For Me’
He added,
Former US President Donald J. Trump has announced that his campaign will accept donations in Bitcoin and various cryptocurrencies, marking a significant milestone as the first major party Presidential nominee to employ this strategy for fundraising. The announcement came via an official campaign press release.
The Trump campaign’s new fundraising initiative integrates the use of popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB). These can now be donated through Coinbase Commerce, a service that allows merchants to accept multiple cryptocurrencies directly into a user-controlled wallet.
Related Reading: Trump Campaign Develops Bitcoin Agenda With Industry Expert: Details
The campaign contrasts its embrace of cryptocurrency with the positions of key Democratic opponents, particularly President Joe Biden and Senator Elizabeth Warren, who have expressed significant skepticism towards the utility and regulation of digital currencies. The press release specifically calls out Senator Warren’s efforts to curtail the crypto sector, which she has often described as a ‘shadowy system’ that needs more stringent regulation.
Biden surrogate Elizabeth Warren said in an attack on cryptocurrency that she was building an ‘anti-crypto army’ to restrict Americans’ right to make their own financial choices. MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!,” the press release states.
David Bailey, the CEO of Bitcoin Magazine, who developed the Bitcoin agenda with the Trump campaign, commented via X, highlighting the significance of this move: “Only the start of the Trump news.”
Related Reading: Donald Trump Champions Crypto: ‘I’m Good With It, Vote For Me’
He added,
Watch Out! Dogecoin Creator Warns Of Exploding Social Media Ad Scams
Dogecoin creator Billy Markus, the internet personality also known as “Shibetoshi Nakamoto,” fired a shot across the bow of social media advertising with a recent critique.
Markus, a major figure in the cryptocurrency world, took to his favorite platform, X, to express his frustration with the prevalence of scam ads. This issue has long been a thorn in the side of crypto users, who have repeatedly been targeted by fraudulent schemes on social media platforms.
Markus’s message struck a chord with the crypto community, long plagued by fraudulent activities on social media platforms. Projects like Shiba Inu and Ripple have consistently warned their communities about these dangers, highlighting the pervasiveness of the problem.
Click Here, Steal Your Crypto: The Malware Menace
The Dogecoin founder’s core argument hinges on the prevalence of “malvertising” – deceptive ads that embed malware designed to steal user data or hijack devices. These malicious tactics not only erode user trust but also push them towards employing ad blockers, essentially shutting out legitimate advertisers.
Dogecoin creator Billy Markus, the internet personality also known as “Shibetoshi Nakamoto,” fired a shot across the bow of social media advertising with a recent critique.
Markus, a major figure in the cryptocurrency world, took to his favorite platform, X, to express his frustration with the prevalence of scam ads. This issue has long been a thorn in the side of crypto users, who have repeatedly been targeted by fraudulent schemes on social media platforms.
Markus’s message struck a chord with the crypto community, long plagued by fraudulent activities on social media platforms. Projects like Shiba Inu and Ripple have consistently warned their communities about these dangers, highlighting the pervasiveness of the problem.
Click Here, Steal Your Crypto: The Malware Menace
The Dogecoin founder’s core argument hinges on the prevalence of “malvertising” – deceptive ads that embed malware designed to steal user data or hijack devices. These malicious tactics not only erode user trust but also push them towards employing ad blockers, essentially shutting out legitimate advertisers.
COPA Vs. Wright: Final Ruling Ends Fake Bitcoin Inventor Saga With A Bang
The long-standing legal drama between the Cryptocurrency Open Patent Alliance (COPA) and Dr. Craig Steven Wright concluded today with a definitive ruling from the court. Dr. Wright, who has famously claimed to be Satoshi Nakamoto, the enigmatic creator of Bitcoin, was found to have engaged in extensive and deliberate deception to support his assertion, thus ending one of the most sensational identity claims in the history of technology with a resounding judicial rejection.
The case against Dr. Wright centered on his bold assertion of being the actual person behind the pseudonym Satoshi Nakamoto, who in 2008 introduced Bitcoin to the world through the publication of the white paper followed by the release of the original source code. COPA, representing a consortium of cryptocurrency entities, challenged Wright’s claims, leading to a comprehensive judicial review of his purported evidence and testimonials.
The long-standing legal drama between the Cryptocurrency Open Patent Alliance (COPA) and Dr. Craig Steven Wright concluded today with a definitive ruling from the court. Dr. Wright, who has famously claimed to be Satoshi Nakamoto, the enigmatic creator of Bitcoin, was found to have engaged in extensive and deliberate deception to support his assertion, thus ending one of the most sensational identity claims in the history of technology with a resounding judicial rejection.
The case against Dr. Wright centered on his bold assertion of being the actual person behind the pseudonym Satoshi Nakamoto, who in 2008 introduced Bitcoin to the world through the publication of the white paper followed by the release of the original source code. COPA, representing a consortium of cryptocurrency entities, challenged Wright’s claims, leading to a comprehensive judicial review of his purported evidence and testimonials.
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