Massachusetts Senator Elizabeth Warren is reportedly set to become the Ranking Member on the Senate Banking Committee, replacing Sherrod Brown after his exit. The shift comes despite major efforts by the cryptocurrency industry, which spent about $40 million to unseat Brown. Warren’s Upcoming Role Many crypto advocates saw the departure of the three-term Ohio senator,...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
The cryptocurrency sector has notched a notable milestone in the just-concluded U.S. election, with more than 90% of industry-backed candidates sweeping through Congressional races. The performance comes after crypto Political Action Committees (PACs) raised more than $238 million for the candidates through corporate contributions and personal donations from major players in the space. Impressive Wins,...Read More
Although crypto investors are still on the sidelines due to the just-concluded United States presidential elections, CryptoQuant analysts say Bitcoin is showing strong fundamentals and follows a bullish pattern seen in previous U.S. elections. According to a weekly report, one positive fundamental from a valuation perspective is that BTC is currently fairly valued and not...Read More
On November 6, the Republican presidential nominee, Donald Trump, won the United States elections, becoming the country’s 47th president. His victory triggered all forms of reaction across several financial assets as market participants rejoiced or expressed disappointment in the election outcome. A tweet by on-chain analytics firm Santiment has revealed that the crypto and equities...Read More
Detroit residents will soon be able to pay their taxes and other city fees with cryptocurrency as part of the city’s drive to modernize and attract blockchain businesses. According to the local Office of Treasury, when it launches in mid-2025, this new payment option will make Detroit the largest U.S. city to accept cryptocurrency payments....Read More
Crypto advocates may soon be celebrating a major political shift, with results from the 2024 U.S. election showing hundreds of pro-crypto candidates winning seats in Congress. The results have come in the wake of the sector flexing its political and financial muscles, spending more than $238 million to grow its influence in the American legislative...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
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
The State of Michigan Retirement System (SMRS) has significantly increased its Ethereum (ETH) holdings, raising its investment to $10 million and surpassing its Bitcoin (BTC) allocation. This move makes Michigan the first U.S. state pension fund to invest in an Ethereum-based exchange-traded fund (ETF). Michigan Pension Fund’s Crypto Portfolio SMRS, which boasts more than $13...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
Venture capital firm Sequoia Capital stands to make approximately $100 million following Stripe’s $1.1 billion purchase of Bridge. The substantial return is particularly notable in the crypto sector, where venture funding has significantly declined since its peak in 2022. Other Investors Also Set for Major Returns According to reports from Bloomberg, Sequoia invested $19 million...Read More
In the last full trading week ahead of the highly-anticipated US presidential elections, the 11 locally-based spot Bitcoin ETFs registered their best week in terms of net weekly flows since March. At the same time, the asset’s price skyrocketed to almost a new all-time high, but lost a lot of momentum in the following days....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
The US presidential elections are just around the corner, with the world’s largest economic force anticipated to choose between continuing with a similar path as the past four years or changing its course completely if they go with Republican candidate Donald Trump. While the economic consequences will impact millions and millions of people, the crypto...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
In the latest jobs report before the 2024 US presidential elections, the world’s largest economy outlined warning data. The country added only 12,000 jobs in October, which is one-tenth of the expected 120,000 by economists. The reports on the matter blamed the weak data for October on the two recent hurricanes that hit a few...Read More
Florida Chief Financial Officer (CFO) Jimmy Patronis wants to include Bitcoin (BTC) in the state’s pension fund investments. To that end, he has sent a formal request to Chris Spencer, the Executive Director of Florida’s State Board of Administration, highlighting the need for a digital currency investment pilot program. CFO Wants Bitcoin Feasibility Study In...Read More
Maximiliano Pilipis, a 53-year-old former resident of Noblesville, Indiana, has been indicted by a federal grand jury on five counts of money laundering and two counts of failing to file a tax return. The indictment alleges that Pilipis laundered substantial funds, including proceeds from Silk Road, through his operation of an unlicensed virtual currency exchange...Read More
The Pennsylvania House of Representatives passed a bill on October 24 to establish regulatory clarity for digital assets like Bitcoin (BTC) within the state. Known as House Bill 2481, or the “Bitcoin Rights” bill, the legislation passed with strong bipartisan support, receiving a vote of 176 to 26, including all 100 Republicans and 76 Democrats....Read More
It is widely known that the majority of the crypto community supports Republican presidential candidate Donald Trump due to his friendly views on digital assets. They believe his emergence as the next United States president would give room for favorable regulations. Hence, traders are betting big on Trump’s chance of winning in early November. Large...Read More
A staggering $20 million in cryptocurrency linked to U.S. government addresses has been moved to a new wallet, raising alarms about a potential theft. The transactions originated from the government-controlled Bitfinex Hack Wallet, which housed part of the funds recovered from the 2016 attack on the Bitfinex crypto exchange. This resulted in a loss of...Read More
Ripple Labs has stepped up its legal battle with the U.S. Securities and Exchange Commission (SEC) after filing its Civil Appeal Pre-Argument Statement, also known as Form C. The filing comes only days after the SEC entered a last-minute appeal against several parts of a 2023 judgment which found that Ripple’s programmatic sales of its...Read More
Nigerian authorities have reportedly dropped all charges against Binance executive Tigran Gambaryan. The American and his employer had been facing accusations of money laundering. This legal development follows the government’s earlier decision to drop tax evasion charges against both. Health Concerns and U.S. Pressure While the charges were primarily directed at the crypto exchange, which...Read More
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has appeared to double down on the agency’s hardline stance on cryptocurrency regulation. In a recent Bloomberg interview, he reaffirmed that the SEC will continue its much-maligned enforcement-led approach rooted in existing securities laws despite mounting backlash from the crypto industry and lawmakers. Commission Holds Firm...Read More
Minneapolis Federal Reserve President Neel Kashkari has found himself on the wrong end of a backlash after stating that most cryptocurrency transactions involve drugs or illegal activities. The comment from the official, a known crypto skeptic, did not go unchallenged, with several members of the community calling him out for it. Fed Official Says Crypto...Read More
Fintech giant Stripe has finalized a deal to acquire stablecoin platform Bridge for $1.1 billion. This purchase marks the largest acquisition in the crypto industry to date. Record $1.1 Billion Deal TechCrunch founder Michael Arrington revealed the news in a post on X, stating, “This deal is done. $1.1b.” Bridge, co-founded by Sean Yu and...Read More
A new “State of Crypto” report by venture capital firm Andreessen Horowitz (a16z) shows that the blockchain space achieved all-time highs for usage and activity. According to the paper, 220 million addresses interacted with a blockchain at least once in September 2024, a figure three times higher than that recorded at the end of 2023....Read More
On October 15, 2024, Juan Tacuri, a senior promoter of the cryptocurrency Ponzi scheme Forcount, was sentenced to 20 years in federal prison and one year of supervised release. The Florida resident was also ordered to forfeit a home bought with scam proceeds, $3.6 million in assets, and pay an equivalent amount in restitution to...Read More
Chirag Tomar, a 31-year-old Indian citizen, was sentenced to five years in federal prison for orchestrating a cryptocurrency fraud scheme that defrauded hundreds of victims out of more than $20 million. U.S. District Judge Kenneth D. Bell handed down the sentence, which also included two years of supervised release. Scammers Imitate Coinbase to Steal Millions...Read More
