The goal of Donald Trump’s administration is to establish the US as the global leader in cryptocurrency. During his inspiring address at the Bitcoin 2024 conference in Nashville, Tennessee on July 27, the former president made these and other promises. Cryptocurrency proponents, meanwhile, may have been confused by the Republican
The announcement of a Bitcoin lending program was made at the Bitcoin 2024 conference on Saturday, July 27, by billionaire Howard Lutnick, who is also the Chairman and CEO of the financial services business Cantor Fitzgerald. The company made its Bitcoin holdings public and argued for Bitcoin’s legalization in the
Bitcoin (BTC) has maintained its momentum above $65K since the start of the week. The asset has climbed to $68K amid a greedy market sentiment. This surge is supported by institutional investors and notable figures who advocate for Bitcoin. Adding on to it, the Bitcoin Conference in Nashville has generated
Independent presidential candidate Robert F. Kennedy Jr. highlighted the potential benefits of Bitcoin for the U.S. economy during his address at the Bitcoin2024 event on July 26. He outlined several executive orders he planned to sign on his first day in office, aimed at integrating Bitcoin into the national economic
The crypto community was anticipating today’s Core PCE inflation report with much anticipation. Inflation dipped to 2.5% in June from 2.6% in May, as reported most recently. Importantly, it has also been consistent with what the market was expecting, while June’s core inflation rate was flat. After cooling to 2.6%
Adding Spot Bitcoin ETFs to its pension funds, the state of Michigan has taken a daring step in the crypto market. The state spent around $6.6 million for 110,000 shares of the ARK 21Shares Bitcoin ETF (ARKB), according to a recent SEC filing. The increasing demand for Bitcoin and its
Renowned economist Peter Schiff severely criticized Michael Saylor, founder of MicroStrategy, for what Schiff called the “Bitcoin pyramid scheme.” After Saylor’s address at the Nashville Bitcoin Conference 2024, this back-and-forth took place. Saylor compared Bitcoin to “cyber Manhattan” and said that the US currency should be backed by the digital
The largest cryptocurrency, Bitcoin witnessed amplified price activity over the last 30 days. While the brief market crash in July’s first week brought prices sliding down, the token has attempted to regain its previous price levels in the past few weeks. In the last 24 hours, the BTC price increased
Jersey City Mayor Steven Fulop has announced a plan to allocate a portion of the city’s pension fund to Bitcoin exchange-traded funds (ETFs). This move revealed in a social media post on July 25, signals a significant shift in the city’s financial strategy for including cryptocurrencies. Currently, the Jersey City
Senator Cynthia Lummis of Wyoming is reportedly preparing to unveil groundbreaking legislation at the upcoming Bitcoin 2024 conference in Nashville, aiming to elevate Bitcoin to a strategic reserve asset on par with gold. This move could change U.S. monetary policy and significantly elevate Bitcoin’s status in the financial landscape. The
