Trump-themed memecoins have sharply declined following new poll results for the 2024 U.S. presidential race. The polls show Democratic nominee Kamala Harris leading Republican nominee Donald Trump by 10%, with her chances at 54% and his falling from 72% to 44%. Formerly, Trump had 64 percent of the vote against
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has made a significant investment in the cryptocurrency sector. By acquiring 245,000 shares of MicroStrategy (MSTR) during the second quarter of this year. This investment is valued at approximately $33.75 million, highlighting NPS’s growing interest in cryptocurrency. MicroStrategy, a
On August 15, 2024, the International Monetary Fund (IMF) recommended a major increase in electricity taxes for cryptocurrency miners and AI data centers to address their carbon footprint. The IMF’s proposal suggests raising the electricity cost for crypto miners by 85%. They propose a tax of $0.047 per kilowatt-hour, potentially
Circle, a leading issuer of stablecoins, has announced the launch of AcceptUSD.com, a new platform developed to simplify cryptocurrency payments for businesses. The service aims to facilitate seamless integration of USD Coin (USDC) transactions, enabling merchants to accept stablecoin payments with ease. According to the website, by partnering with Coinbase,
Crypto platforms’ vulnerability to scams has been the emphasis over the past few months, with the sector reporting several major incidents since H1 2024. The global crypto sector has taken measures to enhance security in the recent past amid rising scams. Notably, in the last 24 hours, on-chain analyst ZachXBT
Peter Mintzberg has been named CEO of Grayscale Investments, an American asset management giant. Following Michael Sonnenshein’s departure as CEO, this hiring is seen as a watershed moment for the company. Sonnenshein oversaw the firm’s procurement of the spot Bitcoin ETF approval, and now Mintzberg is responsible for expanding the
The cryptocurrency market is currently experiencing a significant resurgence, marked by solid gains across various digital assets. This positive sentiment is largely driven by renewed investor confidence and optimistic market conditions. Notably, major cryptocurrencies like Bitcoin and Ethereum have seen substantial increases in their values, indicating a bullish market sentiment.
The US political landscape has taken an intriguing crypto approach this election term. Amid former president Donald Trump’s persistent support for the sector, in an interesting turn of events the Democratic party has expressed interest to “reset” its crypto approach. On August 14, Vice President Kamala Harris held a meeting
Solayer Labs has recently made headlines with the launch of its Solana restaking protocol on the mainnet, marking a significant milestone for the Solana ecosystem. This launch heralds the beginning of Solana’s restaking era, with initial Asset Verification Systems (AVSs) including Bonk, SonicSVM, and HashKey Cloud. Moreover, in a recent
As inflation in the US consumer price index (CPI) fell to 2.9%, according to the US Bureau of Labor Statistics, the price of bitcoin gained speed and began to rise. However, the brief rally was short lived as the price came down to $59k mark at the time of writing.
