[ad_1] Jump Crypto has added $10 million to a U.S. political action committee focused on promoting pro-crypto candidates in Congress. This brings the total contributions from Jump, a Chicago-based investment firm, to $15 million, and raises the PAC’s total funds to nearly $169 million as of Wednesday, according to spokesman Josh Vlasto. The significant fundraising effort by Fairshake and its affiliated PACs has positioned the crypto industry with one of the most influential campaign-finance operations for the 2024 elections. These super PACs have been heavily investing in primary campaigns, helping their preferred candidates advance toward likely general-election victories in November.…
Author: dfrancis36
[ad_1] El Salvador, a small nation in Central America, is making a colossal wager on the future of cryptocurrency. President Nayib Bukele is spearheading a series of audacious initiatives designed to transform El Salvador into a Bitcoin paradise, attracting billions in foreign investment and propelling the country towards economic prosperity. But will this bold gamble pay off, or is El Salvador diving headfirst into a volatile digital El Dorado? A Bitcoin Bank: Luring Investors With Digital Gold Bukele’s centerpiece is a proposed Bitcoin Bank, a revolutionary financial institution aimed at luring foreign investors with the allure of frictionless Bitcoin investment.…
[ad_1] Synthetic dollar protocol developer Ethena Labs is updating the tokenomics for its native asset, ENA, in a bid to increase the token’s utility. Ethena aims to provide a crypto-native solution for money not reliant on traditional banking system infrastructure via a synthetic dollar called USDe. The protocol also offers a dollar-denominated savings instrument called “the Internet Bond.” Currently, the ENA token can be locked within Ethena to boost potential future rewards or locked in Pendle, a decentralized finance (DeFi) protocol that allows users to tokenize and sell future yields. Ethena Labs says it aims to leverage generalized restaking pools for staked…
[ad_1] The on-chain analytics firm Santiment has revealed that Dogecoin and Cardano are two assets that look “very bullish” according to this metric. Dogecoin & Cardano Currently Have Low 30-Day MVRV Ratios In a new post on X, Santiment has discussed about how some of the top assets in the cryptocurrency sector are looking like right now in terms of the Market Value to Realized Value (MVRV) Ratio. The MVRV Ratio is a popular on-chain indicator that keeps track of the ratio between the market cap and realized cap for any given coin. The market cap here naturally refers to…
[ad_1] In a startling development that has sent shockwaves through both the political and crypto sectors, a court document has brought to light Montenegrin Prime Minister Milojko Spajić’s early investment in Terraform Labs. This revelation comes on the heels of Terraform Labs’ recent settlement with the US Securities and Exchange Commission (SEC), pertaining to a $40 billion fraud accusation against the company. Prime Minister Spajić, who took office in October 2023, is now at the center of this emerging controversy involving the notorious crypto entrepreneur Do Kwon. Crypto Ties: Montenegrin PM Invested In Terra Luna According to a report by…
[ad_1] MAGA (TRUMP), currently the biggest memecoin inspired by Donald Trump, collapsed nearly 60% early this week amid rumors that the former president was planning on launching his own coin. Speculation revolved around another coin on the Solana (SOL) network called Trumpcoin (DJT), which some outlets reported as being launched by Trump and his son Barron. Blockchain “de-anonymizing” platform Arkham put out a $150,000 bounty to determine the true identity of whoever launched DJT. Renowned blockchain investigator Zachxbt responded to the bounty, and reported that midway through his probe, investor Martin Shkreli – also known as “Pharma Bro” – messaged…
[ad_1] Crypto analyst and trader Tyler Durden has revealed his bullish sentiment towards Ethereum (ETH). The analyst suggested that the ETH rise was inevitable and that it was better for traders to go with the tide. Ethereum Is Set To Rise To $10,000 Durden mentioned in an X (formerly Twitter) post that Ethereum to $10,000 is the “most asymmetric bet” in crypto today. He further stated that “as annoying as that is, [it’s] just the way the chips have fallen,” suggesting that ETH’s rise to this price level was inevitable. He also hinted that he would bet on ETH regardless…
[ad_1] A Nigerian court has dismissed a fundamental rights enforcement lawsuit filed by Nadeem Anjarwalla, Binance’s executive, the local media publication Vanguard reported. This turn of events occurred following Anjarwalla’s escape from lawful custody to Kenya. The case involves claims against the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC).Tax Evasion and Money Laundering ChargesNadeem Anjarwalla, Binance’s Africa Regional Manager, and his colleague Tigran Gambaryan filed lawsuits seeking their release from detention by the NSA and EFCC. The duo was arrested in Nigeria to face tax evasion and money laundering charges, and their suits were brought…
[ad_1] Established in 1930, Tooting Market in South London is an iconic indoor market and the UK’s first food market.It has garnered accolades such as Best Small Indoor Market at the 2017 Great British Market Awards and Tooting is listed among Lonely Planet’s ‘Favorite Lesser-Known Neighborhoods In The World’s Greatest Cities.’And now it accepts bitcoin payments.Bitcoin IntegrationLocal Bitcoin enthusiasts, led by a pseudonymous Bitcoiner known as Hashley Giles, have successfully introduced bitcoin payments at the market.With support from Bridge 2 Bitcoin (UK-based Bitcoin circular economy builder), eight merchants — including restaurants, bars, and a vinyl record store — started accepting…
[ad_1] Bitcoin has been having a bad time recently, but this analyst isn’t too worried about it, based on the recent trend in an on-chain indicator. Bitcoin Unrealized Loss Has Been At Low Levels Recently In a new post on X, on-chain analyst Checkmate talked about how the latest price action of the cryptocurrency isn’t too scary when considering the trend in the Unrealized Loss. The “Unrealized Loss” here refers to an on-chain indicator that keeps track of the total loss that addresses across the Bitcoin network are holding right now. This metric works by going through the transaction history…