politics
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Donald Trump’s latest venture into the cryptocurrency space, the World Liberty Financial (WLFI) token sale, encountered significant obstacles during its October 15 launch. Despite heavy promotion and Trump’s personal endorsement, the sale saw only 3-4% of its goal achieved, raising approximately $9-10 million out of the expected $300 million. Technical difficulties, including multiple website crashes,…
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Robert F. Kennedy Jr. has officially ended his campaign for the U.S. Presidency. The decision was solidified after Kennedy withdrew his petition to appear on the Arizona ballot. According to the Arizona Secretary of State’s office, his campaign filed the necessary paperwork to remove his name from consideration. Kennedy, who initially entered the race as…
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XRP experienced a sharp drop, losing over 10% of its value following the U.S. Securities and Exchange Commission’s (SEC) latest move to appeal a pivotal court ruling in its lawsuit against Ripple Labs. The legal battle between Ripple and the SEC has been ongoing since 2020, with the regulatory body asserting that XRP should be…
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Ripple co-founder Chris Larsen has donated $1 million in XRP cryptocurrency to support Vice President Kamala Harris’ 2024 presidential campaign. This donation, made through the Future Forward USA PAC, marks the first documented cryptocurrency contribution to Harris’ campaign. The PAC, which utilizes Coinbase Commerce to process cryptocurrency donations, automatically converts the contributions into stablecoin USDC…
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In a recent analysis from the $725 billion asset management firm Bernstein, Bitcoin may reach unprecedented levels if Donald Trump secures the U.S. presidency again in 2024. The firm projects Bitcoin could surge to $90,000, significantly exceeding its previous all-time high of $73,000, which was set earlier this year. This prediction is rooted in Trump’s…
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Former President Donald Trump is stepping into the decentralized finance (DeFi) space with the launch of World Liberty Financial, a new cryptocurrency project. Trump made the announcement on X (formerly Twitter), stating that the project will officially launch next Monday at 8 p.m. during a Space hosted on the platform. The former president’s pivot towards…
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Vice President Kamala Harris’s 2024 presidential campaign has started accepting cryptocurrency donations, but not directly. Instead, the Future Forward political action committee (PAC), which supports her candidacy, is accepting these donations via Coinbase Commerce. This move marks a significant step for Harris in embracing the growing influence of digital currencies in political fundraising. While Harris…
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Former U.S. President Donald Trump has vowed to lift all sanctions against Russia, claiming they are harming the strength of the U.S. dollar. During his presidential campaign, Trump has emphasized the importance of maintaining the dollar’s status as the global reserve currency. He argued that prolonging sanctions could diminish the dollar’s influence, potentially leading to…
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Russian President Vladimir Putin has signed a new law legalizing cryptocurrency mining, effective November 2024. The legislation outlines regulations and a registry for miners, with small-scale miners exempt from formal registration. Various government bodies will oversee the sector, aiming to prevent illegal activities and ensure economic stability. The move aligns with Russia’s strategy to reduce…
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The Michigan Retirement System has invested $6.6 million in ARK 21Shares Bitcoin ETFs, making it the third U.S. state pension fund to include Bitcoin ETFs. This follows a trend of public pension funds exploring digital asset investments. The SEC’s approval of Bitcoin ETFs has encouraged institutional adoption, with more funds considering similar investments.
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Senate Majority Leader Chuck Schumer aims to pass cryptocurrency legislation in 2024, stressing bipartisan cooperation to regulate the growing industry. Political support for crypto is rising.
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Politics: Vice President Kamala Harris could leverage the Crypto4Harris town hall to sway #crypto voters in her favor during the 2024 presidential race.
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