politics
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BitcoinVersus.Tech Editor’s Note: We volunteer daily to ensure the credibility of the information on this platform is Verifiably True. If you would like to support to help further secure the integrity of our research initiatives, please donate here “The banks are not interested in us as a people. They are interested in our money. And…
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BitcoinVersus.Tech Editor’s Note: We volunteer daily to ensure the credibility of the information on this platform is Verifiably True.If you would like to support to help further secure the integrity of our research initiatives, please donate here Screven County, Georgia, has made history by becoming the first U.S. county to utilize the Bitcoin blockchain to…
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President Donald Trump is reportedly considering utilizing a recess appointment to replace Securities and Exchange Commission (SEC) Chair Gary Gensler, aiming to bypass the traditional Senate confirmation process. This strategy would allow the President to install a new SEC leader during a Senate recess, enabling immediate implementation of his regulatory agenda. The President’s intent to…
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Federal agents conducted a raid on the Manhattan residence of Polymarket CEO Shayne Coplan, seizing his phone and electronic devices. The action followed Polymarket’s accurate prediction of Donald Trump’s victory in the 2024 presidential election. The FBI has not publicly disclosed the reasons for the raid. However, sources suggest potential allegations of market manipulation and…
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President-elect Donald Trump is reportedly set to appoint Senator Marco Rubio of Florida as Secretary of State, marking the first time a Latino would hold this position. The New York Times reported on that Trump appeared to have settled on Rubio for the role, though the decision is not yet final. Rubio, who has served…
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The Kingdom of Bhutan has reportedly amassed a Bitcoin reserve exceeding $1 billion, positioning it among the world’s leading state-level cryptocurrency holders. Blockchain analytics firm Arkham Intelligence disclosed that Bhutan’s government, through its investment arm Druk Holding & Investments (DHI), holds approximately 12,568 BTC, valued at over $1 billion as of November 11, 2024. Bhutan’s…
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Elon Musk has announced that all activities of the newly established Department of Government Efficiency (DOGE) will be publicly accessible online to ensure maximum transparency. This initiative aims to provide citizens with real-time insights into the department’s operations and decisions. The DOGE, co-chaired by Musk and entrepreneur Vivek Ramaswamy, was recently formed to streamline federal…
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Following the German government’s decision to sell approximately 50,000 Bitcoin at $54,000 per coin, recent market dynamics have shown the potential financial impact of holding versus selling digital assets. With Bitcoin now trading at around $87,161, Germany’s early liquidation led to $1.1 billion in missed profits. The strategic decision, initially seen as a prudent way…
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The Plan ₿ Initiative, a collaboration between Tether and the city of Lugano, Switzerland, has introduced a remarkable statue honoring Bitcoin’s creator, Satoshi Nakamoto. Revealed during the 3rd Annual Plan ₿ Forum, this statue features a disappearing effect designed to symbolize Nakamoto’s mystery and anonymity in the cryptocurrency world. Located at Villa Ciani in Lugano,…
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President-elect Donald Trump has announced the formation of the Department of Government Efficiency (DOGE), appointing Elon Musk and Vivek Ramaswamy as its leaders. The initiative aims to streamline federal operations by reducing bureaucracy, eliminating excessive regulations, and cutting wasteful expenditures. Elon Musk, CEO of Tesla and SpaceX, along with entrepreneur and former presidential candidate Vivek…
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Former U.S. President Donald Trump has officially announced his plan to establish a government efficiency commission if he wins the 2024 presidential election. This initiative will focus on reducing federal waste, and tech billionaire Elon Musk is set to lead the commission. Trump emphasized the importance of conducting a complete audit of federal agencies, stating…
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El Salvador‘s strategic investment in Bitcoin has yielded substantial returns, with the nation’s holdings now generating a profit exceeding $120 million. President Nayib Bukele’s administration began accumulating Bitcoin in 2021, aiming to integrate cryptocurrency into the country’s financial system. Recent surges in Bitcoin’s value have significantly enhanced the value of El Salvador’s digital assets. The…
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El Salvador’s strategic investment in Bitcoin has reportedly generated profits exceeding $525 million. President Nayib Bukele’s administration began purchasing Bitcoin in September 2021, aiming to integrate cryptocurrency into the national economy. The country’s adoption of Bitcoin as legal tender marked a pioneering move in the global financial landscape. Despite initial volatility and skepticism, the investment…
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Democratic Representative Nancy Pelosi has secured reelection to the U.S. House, representing California’s 11th Congressional District, as reported by the Associated Press on November 6, 2024. Associated Press Pelosi, who has served in Congress since 1987, continues her tenure as a prominent figure in American politics. The 84-year-old former House Speaker has been a pivotal…
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Federal Reserve Chair Jerome Powell has firmly stated that he cannot be dismissed or demoted by the President without cause, emphasizing the legal protections afforded to his position. During a recent press conference, Powell responded to inquiries about potential presidential interference by asserting, “Not permitted under the law.” This declaration underscores the Federal Reserve’s independence,…
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Bitcoin is poised to reach six figures soon, regardless of the U.S. election results, according to market experts. Despite potential political shifts, the cryptocurrency’s long-term value is driven by macroeconomic factors like inflation, interest rates, and increasing institutional adoption. This continued momentum in institutional backing, particularly through Bitcoin ETFs, suggests a bullish future for the…
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Bitcoin’s historical performance reveals an intriguing trend of price increases following U.S. presidential elections, fueling speculation on whether this pattern will hold after the 2024 election. Data from previous election cycles—2012, 2016, and 2020—indicates that Bitcoin’s price tends to dip slightly before the election and surge afterward as market stability returns, a phenomenon that many…
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The U.S. Department of the Treasury has released a comprehensive 17-page report addressing the rapid growth and implications of digital assets and tokenization within the financial sector. The report emphasizes the need for robust regulatory frameworks to manage the evolving landscape of digital finance. The document also examines the role of stablecoins, noting their increasing…
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Marine veteran Stephen Lara continues his fight against the abuse of civil forfeiture laws, three years after police seized his life savings during a traffic stop in Nevada. Lara, a former Marine with 16 years of service, was pulled over in 2021 by the Nevada Highway Patrol for allegedly following a truck too closely. The…
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The Department of Justice (DOJ) has issued a warning to Elon Musk’s America PAC, cautioning that its $1 million giveaway to registered voters in battleground states might breach federal election law. The DOJ’s Election Crimes Branch, part of its Public Integrity Section, reportedly sent a letter addressing the legality of the PAC’s daily cash award,…
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A Moscow court has imposed an unprecedented $20 decillion fine on Google for allegedly blocking Russian pro-Kremlin YouTube channels. This fine—a number almost inconceivably large—exceeds the global economy’s worth. The lawsuit, driven by various Russian broadcasters, stemmed from Google’s removal of Russian state media channels under Western sanctions, intensifying legal tensions between the tech giant…
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Russia is set to legalize Bitcoin mining starting on November 1, 2024, following the passage of legislation signed by President Vladimir Putin. This new law will allow registered legal entities and individual entrepreneurs to mine cryptocurrencies, creating a regulated framework for the activity. The regulation includes measures for energy consumption limits, particularly for small-scale miners…
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The European Central Bank recently renewed its critical stance against Bitcoin, asserting that the cryptocurrency’s true value is zero. In a report co-authored by Ulrich Bindseil and Jürgen Schaaf, ECB officials argue that Bitcoin has failed to deliver on its original promise of becoming a global payment system, instead evolving into a speculative investment asset…
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In a recent report titled Bitcoin’s Protection under the First Amendment, Ross Stevens, the founder of NYDIG, argues that Bitcoin qualifies as “speech” under U.S. constitutional law. According to the report, Bitcoin’s decentralized structure and the freedom it provides from government-controlled money make it an inherently political tool. Stevens suggests that Bitcoin’s core functions, such…
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Former President Barack Obama recently rallied voters in Detroit, Michigan, at a campaign event for Vice President Kamala Harris. Obama was introduced by rapper Eminem, who emphasized Michigan’s importance as a swing state in the 2024 election, urging voters to get involved. Obama criticized former President Donald Trump, calling him unfit for office, and recounted…
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Presidential candidate Donald Trump has seen a significant rise in his cryptocurrency holdings in 2024, with a total increase of $6.1 million since the start of the year. This surge has largely been driven by his investment in meme coins, which now make up over 65% of his portfolio. Among his most prominent holdings is…
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JPMorgan Chase CEO Jamie Dimon, known for his significant influence in global finance, is privately backing Vice President Kamala Harris as she eyes a potential 2024 run. According to a report from the New York Times, Dimon has maintained a close relationship with both Democratic and Republican leaders, providing counsel on various financial and policy…
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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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Elon Musk, will interview former President Donald Trump tonight at 8 PM ET on X.com. The live interview is expected to be unscripted, with no limitations on subject matter, offering a unique opportunity for both participants to engage directly with the audience. Musk has invited viewers to submit their questions, indicating the possibility of an…
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Republican candidate Vivek Ramaswamy believes Vice President Kamala Harris will likely adopt a pro-crypto stance to appeal to the growing base of cryptocurrency supporters and tech-savvy voters.
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Vice President Kamala Harris launches Crypto4Harris to bridge ties with the cryptocurrency industry.
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Jersey City is set to integrate Bitcoin exchange-traded funds (ETFs) into its municipal pension fund, marking a significant shift in local government financial strategy. Mayor Steven Fulop announced on July 25 that the city is in the process of updating its documentation with the U.S. Securities and Exchange Commission to facilitate this new investment strategy.…
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U.S. Senators Lummis and Gillibrand want to pass a bill that will integrate #Bitcoin into the U.S. financial system.
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Senator Cynthia Lummis proposed the BITCOIN Act, aiming to establish a federal Bitcoin reserve to stabilize the U.S. dollar and manage national debt. The bill aims to acquire 1 million Bitcoin over time, with bipartisan support emphasizing Bitcoin’s growing importance. The initiative reflects broader political interest in adopting Bitcoin as a key financial instrument.
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Michael Saylor advocates integrating Bitcoin into corporate balance sheets for financial stability and growth. The US Treasury adopting Bitcoin could fortify the dollar, aligning with Saylor’s strategy at MicroStrategy. Bitcoin’s deflationary nature provides a stable asset base, influencing global speculation on its ownership.
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Presidential Candidate Kamala Harris aims to repair Democratic relations with the US cryptocurrency community amidst shifting legislative support.
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Donald Trump plans to oust SEC Chairman Gensler and appoint a pro-#bitcoin replacement for regulatory reform.
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Former President Donald Trump is set to host an exclusive fundraiser at the upcoming Bitcoin 2024 conference on July 27. This event, tailored for cryptocurrency supporters, will take place in Nashville and features a roundtable asking price of $844,600 per seat. High-Stakes Fundraising Effort The private roundtable fundraiser is expected to draw high-profile donors from…
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The BRICS nations are pursuing a common currency to enhance financial independence. Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE have joined, signaling expanded influence and appeal as a platform for emerging economies seeking global prominence.
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Federal Reserve Chair Powell warns of unsustainable national debt growth, urging immediate fiscal sustainability measures to curb annual deficits.
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The EU is considering strict regulations or a potential ban on Bitcoin mining due to environmental concerns and energy security.
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The U.S. government is launching a survey to track the energy consumption of Bitcoin mining, emphasizing concerns over environmental impact.
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India has blocked offshore cryptocurrency exchange websites due to non-compliance with money laundering laws, leading to increased deposits on Indian exchanges.
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Millennials face parenthood challenges due to hyperconsumerism and soaring child-rearing costs, but Bitcoin offers potential solutions.
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The Islamic perspective on Bitcoin presents a debate among scholars, reflecting the intersection of finance and faith. This debate explores its compliance with Islamic principles and its potential for financial inclusivity.
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Like a strict mom laying down the rules for her household, Senator Elizabeth Warren, alongside Senator Roger Marshall, introduced the Digital Asset Anti-Money Laundering Act with a firm hand. Warren and Marshall originally introduced the Digital Asset Anti-Money Laundering Act in 2022. The legislation aims to mitigate risks posed by cryptocurrencies to U.S. national security.…
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The ongoing debate over the regulation of cryptocurrencies and exchanges continues to unfold under Gary Gensler’s watchful eye. As the SEC navigates this complex terrain, its actions will undoubtedly have far-reaching impacts on the future of digital finance.
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On December 15, 2023, the U.S. SEC rejected a petition from Coinbase, reinforcing its commitment to applying existing securities laws to crypto securities. This decision reflects a careful approach towards the dynamic crypto market, emphasizing the need for transparency, investor protection and compliance with already established laws.
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The SEC, led by Gary Gensler, is reconsidering its stance on Bitcoin ETFs influenced by recent court rulings.
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Senator Elizabeth Warren presented the Digital Asset Anti-Money Laundering Act, aiming to regulate cryptocurrencies, enhance national security, and prevent their use in illicit activities.
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President Biden’s recent tweet on x.com claiming that “inflation was 0%” has sparked widespread discussion about the significant role of software in influencing public perception of economic data. The tweet from the @POTUS account claimed, “Inflation was 0% last month – and our economy grew by more than 5% last quarter. Bidenomics.” President Biden explained…
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Countries like Argentina, Panama, and could possibly move towards adopting Bitcoin as legal tender.
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Argentina’s President-elect Javier Milei aims to shut down the central bank, dollarize the economy, encourage cryptocurrency integration, and privatize state-run companies for economic reform.
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The SEC has filed charges against Kraken crypto platform for potential securities law violations and endangering customer assets.
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The SEC has withdrawn its accusations against Ripple Labs’ executives, causing XRP’s price to surge by 7%. The executives have consistently labeled the SEC’s allegations as baseless.
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The U.S. SEC declared altcoins like Solana and MATIC, lack innate value and classified them as unlicensed securities, provoking rebuttal from Coinbase’s chief legal officer. The regulatory debate over crypto legitimacy continues.
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The Financial Conduct Authority (FCA) has expanded its watchlist, flagging 143 new crypto entities. Notably, this includes renowned cryptocurrency exchanges such as the Huobi-owned HTX and KuCoin. The FCA emphasizes that for firms to service UK customers, acquiring authorization or registration is non-negotiable. A review of the FCA’s records reveals a selective list of firms…
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Robert F. Kennedy Jr. announced his independent candidacy for the 2024 US presidential election, ending his challenge to President Biden in the Democratic primary. Renowned environmental lawyer and Bitcoin advocate Kennedy’s decision has generated significant discussion, especially within the crypto community.
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Guatemala’s Supreme Election Tribunal has adopted Bitcoin timestamping to increase transparency and combat fraud in presidential elections.
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