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Senator Bob Menendez Arrested for Corruption After Criticizing Bitcoin. Democratic Senator Bob Menendez of New Jersey was sentenced to prison for corruption. On Tuesday, July 16, Menendez was found guilty of accepting bribes in exchange for political benefits. Prosecutors stated that Menendez's purchases included gold bars and a luxury car. This conviction adds another high-profile figure involved in corruption scandals in American politics to the list. Senator Menendez was an advocate of stricter regulations on cryptocurrencies. He was a co-sponsor of the bill called “Accountability for Cryptocurrency in El Salvador (ACES)”, which highlighted the risks posed by El Salvador accepting Bitcoin as legal tender. Menendez was concerned about the effects of this move on the US financial system. His harsh stance and portrayal of cryptocurrencies such as Bitcoin as the tools of choice for criminals caused him to receive great backlash from the cryptocurrency community. Ironically, Menendez's condemnation of cryptocurrencies as a tool for illegal activities stands in stark contrast to his own corruption convictions. He has in the past described Bitcoin and other cryptocurrencies as ideal for money laundering and terrorist financing. He is seen as particularly hypocritical given his conviction for accepting large-scale bribes and his involvement in financial crimes while maintaining a strong opposition to digital currencies. The downfall of Senator Bob Menendez is a multi-layered story that deals with political corruption and attitudes towards cryptocurrency regulations. His conviction not only tarnishes his political legacy, but also calls into question his past statements and actions against the cryptocurrency industry. As the regulatory landscape continues to evolve, the Menendez scandal serves as a reminder of the complex interplay of politics, finance, and new technologies.
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Worldcoin (WLD) stepped on the gas: Will the rise continue? Worldcoin faced allegations of fraud after the project delayed unlocking 80 percent of its native token. On July 16, Worldcoin developer Tools for Humanity (TFH) announced changes to its token unlock program. The organization has extended the unlock program for 80 percent of #Worldcoin (WLD) tokens held by its investors and team members. The tokens were originally planned to be unlocked within three years. But the new update extends the unlock period to more than five years, as of July 24. However, WLD tokens will be unlocked gradually over the next four years, ending in July 2028. With the extension, fewer tokens will be released to the market, preventing the price from falling significantly due to inflation. A day after the announcement, the WLD price jumped 68 percent in just two days, according to crypto data tracker CoinGecko. WLD rose from $1.90 on July 15 to $2.81 on July 16. Worldcoin price hit $3.20 before falling to $3.11 on July 17.
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German Government Commented on Bitcoin Sales! BTC Price Is Unimportant To Us… German Government Officials sold all $BTC in #Bitcoin wallets on Friday and recently made these sales official. According to a shared press release, an “emergency sale” of approximately 50,000 Bitcoins has been completed, bringing institutions “unprecedented” funding ($2.88 billion or 2.639 billion euros). These BTCs were seized in January as part of an investigation into German and Polish nationals accused of operating hacking websites and money laundering. German Government Officials said in a statement that Bitcoin price and market conditions were “unimportant” in the decision to sell BTC. Officials stated that waiting for the Bitcoin price to rise was prohibited, and the main goal was to complete the sale “as quickly as possible” regardless of BTC price movements. said On the day the German Government's BTC sales started, Bitcoin was traded at approximately $65,000, but with seller pressure and fear, it dropped to $53,500 on July 5. Bitcoin (BTC), the leading cryptocurrency, which recovered quickly as this seller pressure ended and fear dissipated, is currently trading at 65 thousand dollars.
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📣 Floki (#FLOKI ) will make a marketing announcement on July 22 at 15:30 Turkish Time.
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🇺🇸 SEC Commissioner Hester Peirce said that both staking and creation/redemption for Ethereum and Bitcoin ETFs are open to reconsideration.
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