During a recent appearance on Fox News, Ripple’s chief executive, Brad Garlinghouse, spoke about the aftermath of Donald Trump’s victory in the 24 US presidential elections. He believes the US crypto industry will benefit a lot from a more ‘lawful’ administration. The US Crypto Industry Won Although it has been just a week or so...Read More
In 2020, former Carolina Panthers offensive tackle Russell Okung made headlines by negotiating to have half of his $13 million NFL contract for the 2020 season paid out in Bitcoin. Today, that move has paid off, with the value of Okung’s BTC now estimated at $21 million, thanks to the recent surge in the asset’s...Read More
FBI agents raided the Manhattan apartment of Polymarket CEO Shayne Coplan on Nov. 13, according to the New York Post. US law enforcement agents demanded Coplan turn over his phone and other electronic devices, The Post wrote in an exclusive citing a source close to the matter. The raid happened one week after Polymarket accurately...Read More
Dogecoin had been climbing alongside other cryptocurrencies, but it gained an extra 5% earlier today following President-elect Donald Trump’s formal announcement of the creation of the Department of Government Efficiency, a.k.a. “D.O.G.E,” in a bid to foster “more efficiency and less bureaucracy” and ultimately “drive The American Dream.” This has fueled further enthusiasm and added...Read More
President-elect Donald Trump’s team is reportedly in discussions with cryptocurrency leaders about regulatory changes that could reshape the U.S. approach to digital assets. According to sources, Trump plans to adopt a more lenient regulatory stance to fulfill his campaign promise of making the U.S. the “crypto capital of the planet.” Crypto-Friendly Appointments The Washington Post...Read More
Last week, the pro-crypto Republican presidential candidate Donald Trump won the United States election, paving the way for him to fulfill his many promises that could drive crypto adoption in the country. Following Trump’s election victory, Ark Invest CEO and founder Cathie Wood stated in a recent video that there is more clarity in the...Read More
With former Donald Trump’s re-election to the U.S. presidency, Andreessen Horowitz, also known as a16z, is projecting a regulatory climate more favorable for the cryptocurrency industry. The venture capital firm believes this could transform most crypto tokens into “legitimate and lawful” financial tools. Innovation Within Regulatory Boundaries In a November 10 post, a16z acknowledged questions...Read More
After the US election, digital asset investment products attracted $1.98 billion in inflows, marking the fifth consecutive week of positive inflows. This resulted in year-to-date total inflows to hit a new record of $31.3 billion. Global assets under management also hit an all-time high of $116 billion following recent price increases. Trading volumes surged by...Read More
U.S. Securities and Exchange Commission (SEC) official Mark Uyeda has called for a shift in the agency’s handling of cryptocurrency regulations. The sentiment from the commissioner, a member of the Republican party, aligns with President-elect Donald Trump’s campaign promise to halt the Biden administration’s aggressive stance towards the digital asset industry. Pause in SEC’s Enforcement...Read More
Donald Trump’s win triggered massive gains for not just digital assets but also crypto-related stocks, and ETF flows on November 6 and 7 as stakeholders await potential regulatory clarity, legislative advancements, and expected shifts within the Securities and Exchange Commission. Following the results, data showed billions worth of ERC-20 stablecoins flowing into exchanges. This could...Read More
Wyoming Senator Cynthia Lummis has reiterated her commitment to establishing a strategic Bitcoin (BTC) reserve for the United States. The lawmaker, known for her strong pro-crypto stance, highlighted these plans following the recent Republican victories in the Senate, more so of largely digital asset-friendly legislators. Senator to Move Forward With Strategic BTC Reserve Bill In...Read More
Tron founder Justin Sun has offered Gary Gensler, the beleaguered chair of the U.S. Securities and Exchange Commission (SEC), a job. The offer came to light in a recent X post, in which Sun expressed his willingness to hire Gensler provided he could “genuinely treat the crypto industry with sincerity.” SEC Chair Gets a Lifeline...Read More
Gary Gensler’s SEC has conducted one of the most aggressive regulatory crackdowns on the crypto industry in US history, viewing most digital assets as unregistered securities under decades-old finance laws. However, the recent Republican landslide at the polls could result in a rollback of enforcement action from the securities regulator, according to Bloomberg. Additionally, President...Read More
Bitcoin climbed past $75,000 on Wednesday and $76,000 on Thursday morning, setting a fresh record before stabilizing near $74,500. Market experts remain optimistic about the cryptocurrency’s potential for further growth, fueled by expectations of a pro-crypto stance from Donald Trump’s administration. Data also suggests that significant volatility may continue in the near term, as reflected...Read More
Throughout his election campaign, the new United States President, Donald Trump, remained vocal about his pro-crypto stance and made several promises regarding the development of the nascent industry. CryptoPotato has compiled a list of Trump’s declared promises, including pledges geared towards fostering innovation in the United States and continuing growth of the digital asset industry....Read More
Donald Trump has won the US presidency, achieving a decisive victory in swing states and surpassing the 270 electoral votes needed. Despite a heated campaign marked by two assassination attempts, Trump will become the second Republican in 20 years to secure a second term, while his opponent, Kamala Harris, received 224 electoral votes. A strong...Read More
The votes are in, and it’s now official that the 47th US President will be the 45th one – Donald J. Trump. Now, the crypto industry will wait to see if he will follow through on his multiple promises to let it thrive and support it in various ways. One of those promises made during...Read More
The candidate from the Republican Party and former president – Donald Trump – has declared victory over his rival from the Democratic Party – Kamala Harris. According to many reports, he is projected to win the important battleground states of Georgia, Pennsylvania, and North Carolina. Harris is yet to concede. As a reminder, Trump has...Read More
Bernie Moreno, a Republican businessman with backgrounds in auto dealerships and blockchain technology, has defeated incumbent Democratic Senator Sherrod Brown in Ohio. The victory has major implications for both the US Senate’s balance of power and the regulatory landscape for crypto. “Another anti-crypto one bites the dust,” exclaimed Custodia Bank founder and CEO Caitlin Long. “Getting...Read More
Bitcoin prices have made a new peak price of $75,000 during early Asian trading on Wednesday, Nov, 6, according to Tradingview measuring prices on Binance. The price pump followed a 9% gain on the day as the US election votes were counted, and Donald Trump extended his lead over Kamala Harris at the time of...Read More
With the United States presidential election a few hours away from conclusion, crypto investors are exercising caution, which is evident in the low volatility in the bitcoin options market. Crypto exchange Bitfinex’s analysts reported that crypto investors have adopted a wait-and-see approach, expressing a lack of market confidence in BTC’s current price movements. Investors Await...Read More
Bitcoin (BTC) could be gearing up for a historic $100,000 pump, and, according to crypto analysts, the upcoming U.S. presidential election may yet play a key role. According to experts, the cryptocurrency may achieve this price milestone regardless of who wins. However, they suggest a Trump victory could serve as a short-term catalyst, boosting its...Read More
The excitement surrounding a potential Republican victory spurred $2.2 billion in weekly inflows, pushing year-to-date inflows to a whopping $29.2 billion. This increase, along with rising prices, propelled assets under management past $100 billion. Interestingly, this level was last seen in early June 2024, when AuM hit $102 billion. As a result, the trading volume...Read More
Crypto markets have retreated over the weekend following a Bitcoin-powered rally last week, and more volatility is expected in the next several days. The US presidential election on Tuesday will cause short-term volatility as a Trump win is likely to be positive for crypto, while a Harris victory will have the opposite effect. In addition...Read More
It was less than a week ago when the primary cryptocurrency skyrocketed to $73,500 for the first time since the all-time high registered in March this year. The landscape seems entirely different now, and the question of what has changed pops up. Bitcoin/Price/Chart 03.11.2024. Source: TradingView The chart above paints a clear and painful picture...Read More
Coinbase CEO Brian Armstrong has called for the next US Securities and Exchange Commission (SEC) chair to address the agency’s perceived inconsistencies in its approach to digital assets. Armstrong’s criticism stems from the securities regulator’s shifting stance throughout the years which has caused frustration within the community. SEC’s Contradictions on Crypto His tweet, which accompanied...Read More
Donald Trump, former president of the United States and Republican nominee for the upcoming presidential elections, has renewed his vow to end his Democrat rival Kamala Harris’ war on crypto. The pledge was made in a tweet celebrating the 16th anniversary of the Bitcoin white paper, which was written by Satoshi Nakamoto, the pseudonymous network...Read More
Polymarket’s odds as an election indicator have been questioned in a new report despite its widespread citation in mainstream media. On Oct. 30, Fortune reported that analysts at two crypto research firms had found evidence of “rampant wash trading” on the blockchain betting platform. The findings come from separate investigations completed by Chaos Labs and...Read More
Donald Trump’s latest foray into cryptocurrency, World Liberty Financial (WLF), is said to be preparing to issue its own stablecoin as part of an ambitious expansion plan. The news comes even as the project’s recent sale of its native token, WLFI, has only secured about $14 million from slightly more than 16,000 buyers. WLF Stablecoin...Read More
Investment inflows into digital assets reached a whopping $901 million in October, comprising 12% of assets under management and marking the fourth-largest monthly inflows to date. With these additions, year-to-date inflows have reached $27 billion – almost triple the 2021 record of $10.5 billion. US Political Climate Drives Bitcoin Inflows According to the latest edition...Read More