Former President Donald Trump, now a presidential candidate, has made Bitcoin a central focus of his campaign, promising to make the US a global crypto leader. Building on his father’s recent pivot toward crypto, Donald Trump Jr. is developing a new decentralized finance (DeFi) platform to address banking access inequality. Trump Jr Targets the Debanked...Read More
The popular Solana-based meme coin Dogwifhat (WIF) is leading the crypto meme industry. As of August 10, 2024, the overall performance of meme coins is quite dull, including top meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) as they experienced a price surge of 0.5%, 1.2%, and 1.35% in the last 24 hours....Read More
Stablecoin issuer Tether intends to double its workforce within the next year to strengthen areas such as compliance. By mid-2025, the company behind the USDT stablecoin anticipates expanding its headcount to approximately 200 employees, according to Chief Executive Officer Paolo Ardoino. Tether also plans to increase staffing in its finance department, which oversees the $118...Read More
[PRESS RELEASE – Singapore, Asia, August 9th, 2024] Elacity is partnering with Particle Network and BeatFarm to create a more intuitive and accessible way for music superfans to interact with their favorite artists using decentralized technology. This collaboration aims to simplify access and exchange of content within the music industry. By integrating Particle Network’s Wallet...Read More
Several crypto industry figureheads met with White House officials on Thursday morning to attempt to mend relations between the emerging fintech sector and the U.S. Democratic Party, according to FOX Business. The meeting reportedly grew tense when the government denied the industry’s claims that there was a coordinated effort to cut off crypto firms from...Read More
OKX is all set to deactivate accounts involved with sanctioned entities, including crypto mixer Tornado Cash and Moscow-based crypto exchange Garantex. On August 9th, OKX CEO Star Xu highlighted the platform’s strict adherence to compliance with international sanctions and clarified that such users will not be able to open accounts on the platform. OKX Enforces...Read More
Since the late 1970s, small- and medium-sized enterprises (SMEs) have leveraged private credit as a means of accessing capital when traditional banks were either unwilling or unable to meet their needs. Now, as the traditional banking sector becomes increasingly stringent in response to macroeconomic conditions, loans provided by non-bank institutions to businesses are helping to...Read More
According to Grayscale Research, Bitcoin might revisit its all-time high later this year if the U.S. economy avoids a recession. This optimistic outlook follows a period of stabilization in both crypto assets and broader financial markets, which had faced sharp declines from Friday, August 2, through Monday, August 5. Grayscale Predicts Bitcoin Rally In an...Read More
[PRESS RELEASE – Miami, Florida, August 9th, 2024] Valhalla is entering a partnership with Sunderland AFC for the full 24/25 season, including a prominent back of shirt sponsor position. [embedded content] The package includes: 4 minutes of in-game pitchside LED display at all home league fixtures. Interview backdrops at The Academy of Light – at...Read More
Friday, August 9, will see around 32,000 Bitcoin options contracts expire with a notional value of around $1.9 billion. Today’s options expiry event is slightly smaller than last week’s, so its impact on spot markets is likely to be limited. Crypto Options Expiry This week’s big batch of Bitcoin options has a put/call ratio of...Read More
BTC prices surged to an intraday high of $62,790 during the Friday morning Asian trading session. The move added 9.5% to the value of the asset over the past 12 hours as it climbed from its intraday low of $57,000 late on Aug. 8. Bitcoin has now recovered around 25% from its dump to $49,800...Read More
Japanese investment firm Metaplanet has secured a $6.8 million loan (1 billion Japanese yen) from one of its shareholders, MMXX Ventures, to increase its Bitcoin holdings. This move follows Metaplanet’s recent announcement to raise $70 million through a stock rights offering, with $58 million earmarked for Bitcoin investments. Metaplanet to Fund Bitcoin Investments Metaplanet’s loan...Read More
As of 9 August 04:00 UTC, four new Prediction Markets are available to trade on BitMEX to predict and take positions on the outcomes of the following: P_TRUMPX24: Whether or not Donald Trump wins the election P_KAMALAX24: Whether or not Kamala Harris wins the election P_POWELLK26: Whether Jerome Powell will quit or get fired before...Read More
