#Nashville Bitcoin Exchange

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Upcoming Event: 24th July Bitcoin Conference Tennessee Nashville

Are you passionate about Bitcoin and looking to expand your knowledge and network within the industry? Mark your calendars for the 24th July Bitcoin Conference in Tennessee, Nashville! This conference is designed for Bitcoin investors, enthusiasts, and professionals who want to delve deeper into the world of cryptocurrency.

Why Attend?

The 24th July Bitcoin Conference promises to be a premier event, bringing together some of the brightest minds in the Bitcoin industry. Whether you're a seasoned investor or just starting your journey, this conference offers invaluable insights and opportunities to enhance your understanding and skills.

Key Highlights

1. Bitcoin Services in Nashville:

Learn about the various Bitcoin services available in Nashville. From secure wallets to reliable trading platforms, you'll discover the best resources to manage your Bitcoin investments.

2. Nashville Bitcoin Exchange:

Get an in-depth look at the Nashville Bitcoin Exchange. Understand how it works, its benefits, and how you can use it to trade Bitcoin efficiently. Experts will be on hand to provide demonstrations and answer your questions.

3. Sell Bitcoin Nashville:

Thinking about selling your Bitcoin? Learn the best strategies and platforms for selling Bitcoin in Nashville. Get tips on maximizing your returns and ensuring secure transactions.

4. Bitcoin Workshops in Nashville:

Participate in interactive workshops led by industry leaders. These workshops are designed to provide hands-on experience and practical knowledge. Topics will include Bitcoin mining, investment strategies, and advanced trading techniques.

What to Expect

Expert Speakers: Hear from renowned Bitcoin experts and thought leaders who will share their insights on the future of Bitcoin, investment strategies, and technological advancements.

Networking Opportunities: Connect with fellow Bitcoin enthusiasts, investors, and professionals. Build relationships that can help you in your Bitcoin journey.

Exhibitions: Explore exhibits showcasing the latest in Bitcoin technology, services, and innovations. Get a first-hand look at cutting-edge tools and platforms.

How to Register

Registration for the 24th July Bitcoin Conference in Tennessee, Nashville, is now open. Visit our website https://ccccloud.org/ to secure your spot. Early bird discounts are available, so don't miss out!

The End

The 24th July Bitcoin Conference in Nashville is an event not to be missed. Whether you are looking to learn more about Bitcoin services in Nashville, explore the Nashville Bitcoin Exchange, or gain practical knowledge through Bitcoin workshops, this conference has something for everyone. Join us and be a part of the Bitcoin revolution!

For more information and updates, visit https://ccccloud.org/

Contact No.: +1-307-222-8351

Email id: mike@cccCloud.org

Read More: https://ccccloud.org/services/

Let me know if you need any changes or additional details!

[postmodernmulticoloredcloak]

From La Stampa (translated from Italian):

“Make Finance Great Again,” Trump family makes its own cryptocurrency and allies with Silicon Valley It will be called “World Liberty Financial,” will have tech investors and real estate developers from Chase Herro and Zak Folkman to Steve Witkoff inside. Sons Eric and Donald Jr. will coordinate. And his backer Tyler Winklevoss jokes, “Donald has been orange-pilled, indoctrinated.” Jacopo Iacoboni Sept. 17, 2024 Updated 11:00 a.m. 3 minutes of reading

They want to do a kind of “make finance great again,” along the lines of MAGA, the election slogan and the Make America Great Again campaign. Donald Trump's sons, Don Jr. and Eric, of course with their father's imprimatur, are about to launch a new cryptocurrency platform that will be called “World Liberty Financial,” and will allow users to make even massive transactions without a bank getting in the way and extracting fees (and with a very low level of tax tracking, it should be added). A couple of concepts familiar to bitcoin fans, for example, but which the Trump family now has ambitions to decline on a large scale. It is not certain that this marriage between Trumpism and decentralized finance, DeFi, is a harbinger of only positive developments. The board of “World Liberty Financial” will also consist of former crypto investors such as Chase Herro and Zak Folkman, and Steve Witkoff, a real estate developer and old friend of Trump. But thanks to documents filed with the U.S. Federal Election Commission that we have been able to read we know that in general the entire Trump campaign - Make America Great Again Inc. - received money not only from Musk, but cryptocurrency from billionaire twins Cameron and Tyler Winklevoss, who lead the cryptocurrency company Gemini: about $3.5 million in Bitcoin on July 19, the day after Trump's speech at the Milwaukee convention. The Winkelvosses also poured in money to America PAC, the tech investor-backed group that Musk helped launch in 2024 (Trump had bragged that Musk was giving him $45 million a month; Musk said his contribution is “at a much lower level”). Another co-founder of a cryptocurrency exchange, Jesse Powell, boss of Kraken, and venture capitalists Marc Andreessen and Ben Horowitz (who created a16z) who have invested billions of dollars in cryptocurrency startups, have also made endorsements and poured money into Trump. In short, for the Trump family to embark on this big cryptocurrency project is a natural consequence of the fact that these are almost becoming a Republican asset in the campaign, and the “libertarian” wing of the old Gop is now a kind of very, very rampant ideologized “cyberlibertarianism.” The real boss of the “tech bros” according to many is not Elon Musk, but Peter Thiel. Zuckerberg's longtime partner in Facebook, co-founder of PayPal, Thiel's fortune has at least doubled during the Trump presidency. Palantir-a much-discussed software company variously accused of extracting data from Americans and profiling them-has managed to get a contract from the Pentagon. Other donors to MAGA Inc include Jacob Halberg, Palantir's princely analyst, and Trish Duggan, a wealthy Scientology funder and friend of the tech bros. Trump's vice presidential candidate, J. D. Vance, traveled to Silicon Valley and the Bay Area, celebrating a dinner at the home of BitGo CEO Mike Belshe, 100 people each pouring in between $3,300 a plate and a $25,000 roundtable. Trump in 2021 called bitcoin a “fraud against the dollar.” A few weeks ago, speaking in Nashvill at the bitcoin fan conference, he promised, “The United States will become the crypto capital of the planet.” Better than his friend Putin's Russia, although this Trump did not say so explicitly. The fact is that after his speech, Tyler Winklevoss ran on X (now the realm of cyberlibertarians) and joked that Donald had been “orange-pilled,” making a Matrix analogy, had been “indoctrinated,” or had finally seen the real reality behind the appearances.

[mariacallous]

Eric and Donald Trump Jr., the sons of former president Donald Trump, have pledged to “make finance great again” with a new family-run crypto endeavor called World Liberty Financial.

Introduced in a meandering livestream on X Monday, the Trump family and their associates described World Liberty Financial as a crypto platform that would let users conduct transactions without a bank sitting in the middle and extracting fees—a concept known as decentralized finance, or DeFi.

While short on details, Donald Trump, Jr. and Eric Trump both stressed repeatedly that World Liberty Financial’s primary goal was to make DeFi more broadly accessible. “It’s truly our job to make it understandable,” said Eric Trump during the livestream. “We have to make it intuitive, we have to make it user-friendly, and we will.”

Former President Donald Trump joined the call as well, stressing his pro-crypto stance. “I do believe in it,” said Trump of cryptocurrency generally. “It has a chance to really be something special.”

The Trumps aren’t alone in leading World Liberty Financial. They’re joined by crypto veterans Chase Herro and Zak Folkman, as well as Steve Witkoff, a real estate investor and friend of Donald Trump’s. In addition to the platform itself, World Liberty Financial will come with a governance token, WLFI, which will provide owners the right to vote “on matters of the platform.” Approximately 63 percent of the tokens will be sold to the public; 17 percent are set aside for user rewards, and 20 percent will be reserved for World Liberty Financial team compensation.

The Trump brothers had teased the new endeavor repeatedly in the weeks leading up to the announcement. In an X post on August 6, Eric wrote that he had “truly fallen in love with crypto/DeFi.” The following day, in another post, Donald Jr. said he was “about to shake up the crypto world” and warned his followers not to “get left behind.” On August 22, in a somewhat cryptic post on Truth Social, the former president himself promoted the project: “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand—together,” wrote Trump.

World Liberty Financial marks the latest development in Trump’s bid to court the crypto industry, members of which are broadly supportive of his reelection campaign.

Some high-profile crypto figureheads have thrown millions of dollars at the Trump campaign, in the hope of ousting the Democrat administration under which financial regulators have cracked down on crypto. Cameron and Tyler Winklevoss, founders of crypto exchange Gemini, each donated $1 million to Trump, as did Jesse Powell, cofounder of another exchange, Kraken. Venture capitalists Marc Andreessen and Ben Horowitz, founders of a16z, which has invested billions of dollars in crypto startups, have also publicly endorsed Trump.

“The degree to which crypto executives are getting involved in politics is a marked shift from previous elections. It’s inarguable, the degree of politicization that has happened in the industry,” says Molly White, author of crypto-skeptic newsletter Citation Needed and creator of Follow The Crypto, a project that traces the impact of crypto industry donations on the upcoming US election. “There has been a concerted effort to present [crypto] as an election issue and convince politicians they need to take a stance on it, or lose out on voters.”

As it turned out, Trump was readily convinced: Despite having previously dismissed bitcoin as a “scam,” Trump has recently taken to pitching himself as the crypto president. In July, speaking to thousands of bitcoiners at a conference in Nashville, Tennessee, Trump promised to turn the US into the “crypto capital of the planet” and establish a national “bitcoin stockpile” if reelected. In a post on X after the speech, Tyler Winklevoss celebrated the former president having been “orange-pilled”—crypto lingo meaning “indoctrinated.”

Initially, when Eric and Donald Jr. first began to hint at the World Liberty Financial project, there was speculation they were gearing up to launch an official Trump crypto token.

In the last year, tens of Trump-inspired memecoins have come to market, becoming something of a bellwether for the upcoming election, fluctuating in price along with changes in Trump’s political fortunes. One such token, DJT, issued in early June, surged in price amid rumors that it originated with the Trump family. In a broadcast on X, Martin Shkreli, of “pharma bro” fame, claimed to have created the token in partnership with Barron Trump, the former president’s 18-year-old son. On August 6, the price of DJT sank by 90 percent after large quantities were sold off by an anonymous token holder. “Wasn’t me!” said Shkreli, in an email to WIRED, when asked whether he knew who was responsible for the sell-off. The price of DJT was $0.0002441 per coin on Monday.

The press office for the Trump campaign did not respond to questions about Barron’s alleged involvement with the DJT token. In a post on X in the leadup to announcing World Liberty Financial, Donald Jr. warned followers to “beware of fake tokens claiming to be part of the Trump project.”

World Liberty Financial will face steep competition in a DeFi market already crowded with similar services, among them Aave, Compound, Venus Protocol, and others. “DeFi is pretty mature, especially on the over-collateralized side,” says Zach Hamilton, founder of crypto startup Sarcophagus and venture partner at VC firm Venture51.

But the Trumps need not necessarily do anything novel, if they can capitalize on their mammoth public platform to peddle the new venture. “[World Liberty Financial] is launching with the most free marketing that any crypto company could ever get,” says Hamilton. “Trump is the king of living rent free in people’s minds.”

Incumbents in the DeFi industry are cautiously optimistic about the prospect of the Trump family’s arrival; at once glad of the publicity and wary of the reputational damage World Liberty Financial could cause if it were to fall on its face, or if a technical snafu were to result in financial losses.

“I welcome any effort to bring DeFi into the mainstream,” says Brad Harrison, CEO of Venus Protocol. “But like the autopilot in a Tesla, DeFi may give the appearance of something that’s simple, but the inner workings are complex. Without a solid grasp of its nuances in the hands of seasoned technologists and financial engineers, a new platform risks being more of a branding exercise than a substantive and safe contribution to the space.”

Irrespective of the risk in placing trust in a crypto platform yet to be battle tested, industry enthusiasts are likely to patronize World Liberty Financial if only to signal support for Trump’s political endeavors. “We are definitely dealing with crypto as a right-wing Republican commodity now,” says Jacob Silverman, coauthor of Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud. “The industry is so aligned with the Republican party and they are the biggest donors of any industry this cycle.”

In the spirit of various British politicians who have retired into crypto positions, World Liberty Financial could represent an attempt by Trump to hedge against a loss in the upcoming election—to set up for himself a fallback gig.

“Maybe the raucous reception at the crypto conference in Nashville has given him an impression this is the world he wants to be in, because they love him and he can make money,” says Silverman. “For all his faults, he does understand the crowd.”

[unpluggedfinancial]

Major Crypto Events This Week: Impact on Bitcoin and Ethereum Prices

In a week filled with significant developments, the crypto market is abuzz with anticipation and excitement. With former President Donald Trump and Vice President Kamala Harris set to speak at the BTC Nashville convention and a massive $1 billion inflow into the Ethereum ETF, the potential impact on Bitcoin, Ethereum, and the broader cryptocurrency market cannot be overstated. Let’s delve into these events and explore their potential ramifications.

Anticipating Trump and Kamala Harris at BTC Nashville Convention

Background

The BTC Nashville convention is a major event in the cryptocurrency community, drawing attention from investors, policymakers, and enthusiasts worldwide. This year, the convention is set to be particularly noteworthy, with high-profile speakers such as former President Donald Trump and Vice President Kamala Harris scheduled to address the attendees.

Potential Content of Trump’s Speech

Given Trump’s influential status, his speech at the BTC Nashville convention could be a game-changer. Speculation is rife about what he might discuss. Could he be hinting at a pro-crypto stance, potentially advocating for the inclusion of Bitcoin in the U.S. Treasury reserves? Such a move would likely send shockwaves through the market, boosting investor confidence and driving up prices.

Potential Content of Kamala Harris’s Speech

Vice President Kamala Harris’s speech is equally anticipated. As a key figure in the current administration, her views on cryptocurrency regulation and policy could shape the future landscape of the market. If Harris signals a supportive regulatory framework, this could pave the way for greater institutional adoption and integration of cryptocurrencies.

Possible Market Impact

The speeches by Trump and Harris could significantly influence market sentiment. A supportive stance from both could lead to a bullish trend, driving up the prices of Bitcoin and other cryptocurrencies. Conversely, a critical or cautious approach could introduce volatility and uncertainty. Investors will be closely watching for any hints of policy changes or endorsements that could impact their portfolios.

$1 Billion Trading Volume Ethereum ETF

Overview

The Ethereum ETF represents a major step forward for institutional investment in cryptocurrencies. An ETF, or Exchange-Traded Fund, allows investors to gain exposure to Ethereum without directly purchasing the cryptocurrency. This provides a more accessible and regulated way for large investors to enter the market.

Details of the Inflow

Yesterday, the Ethereum ETF saw a staggering $1 billion in volume traded, marking a significant milestone. This influx of capital indicates strong institutional interest and confidence in Ethereum’s future. Notable investors, possibly including hedge funds and large financial institutions, are likely behind this substantial investment.

Market Reaction

The market reacted positively to the news of the $1 billion inflow, with Ethereum’s price experiencing a noticeable uptick. This surge in investment not only boosts Ethereum’s price but also underscores the growing acceptance and legitimacy of cryptocurrencies in mainstream finance.

Long-term Impact

In the long term, this significant investment could lead to sustained price growth for Ethereum. As more institutional investors flock to Ethereum ETFs, the increased demand could drive prices higher. Additionally, the influx of institutional capital can lead to greater stability and reduced volatility, making Ethereum a more attractive asset for a broader range of investors.

Broader Market Implications

Investor Sentiment

These events are likely to have a profound impact on investor sentiment. The potential for supportive speeches from Trump and Harris, combined with the substantial inflow into the Ethereum ETF, could bolster confidence in the market. Positive sentiment often translates into increased buying activity, driving up prices across the board.

Regulatory Outlook

The regulatory landscape is a crucial factor in the future of cryptocurrencies. If Trump and Harris signal a favorable regulatory environment, this could lead to increased adoption and integration of cryptocurrencies in traditional finance. On the other hand, hints of stringent regulations could introduce uncertainty and caution among investors.

Future Trends

Looking ahead, these events could set the stage for significant trends in the crypto market. Increased institutional investment, regulatory clarity, and mainstream acceptance are all potential outcomes. As Bitcoin and Ethereum continue to gain traction, we could see a broader shift towards digital assets as a staple in investment portfolios.

Conclusion

This week’s events hold immense potential for the cryptocurrency market. The anticipated speeches by Trump and Harris at the BTC Nashville convention and the substantial $1 billion inflow into the Ethereum ETF could shape the future trajectory of Bitcoin, Ethereum, and the broader crypto ecosystem. Investors should stay informed and consider these developments when making investment decisions, as the market could be poised for significant movements.

Call to Action

What are your thoughts on these upcoming events and their potential impact on the crypto market? Share your insights in the comments below. For more updates and in-depth analyses, subscribe to our blog and stay ahead of the curve in the ever-evolving world of cryptocurrencies.

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[whatsissue]

Bitcoin Jumps to Record High in Crypto Frenzy After Trump Win

Bitcoin Jumps to Record High in Crypto Frenzy After Trump Win Bitcoin surged to a new record high on Wednesday, as investors reacted positively to former President Donald Trump's victory in the U.S. presidential election. The cryptocurrency market experienced a significant uptick, with Bitcoin rising nearly eight percent in early trading, surpassing $75,000 and eclipsing its previous record set in March. Other cryptocurrencies also saw impressive gains, with ether, the second most popular cryptocurrency, rallying by eight percent and dogecoin soaring as much as 18 percent. Market Reaction The excitement in the cryptocurrency market extended beyond digital currencies. Crypto-related stocks outperformed the broader stock market, with Coinbase, one of the largest cryptocurrency exchanges, jumping 17 percent. Online brokerage Robinhood Markets, which facilitates crypto trading, saw its shares rise 12 percent, while MicroStrategy, touted as the largest corporate holder of Bitcoin, increased by 10 percent. Trump’s previous skepticism towards cryptocurrencies has shifted dramatically as he actively courted the crypto community during his campaign. He has promised to make America "the crypto capital of the planet" and has proposed establishing a "strategic reserve" of Bitcoin. His campaign also accepted donations in cryptocurrency and engaged with crypto enthusiasts at a Bitcoin conference in July. Furthermore, Trump launched World Liberty Financial, a new venture with family members aimed at trading cryptocurrencies. Analysts Weigh In Bitcoin has experienced a remarkable 77 percent increase this year, and analysts are optimistic about its future. "Bitcoin is the one asset that was always going to soar if Trump returned to the White House," stated Russ Mould, investment director at AJ Bell. Following Bitcoin’s new high, market speculation is now focused on "when, not if, it will smash through $100,000." Mould emphasized that Trump’s newfound enthusiasm for digital currencies has given crypto traders a fresh narrative to rally around, further fueling excitement about potential price increases. Caution Amid Excitement Despite the optimistic outlook, experts urge caution in the volatile crypto market. Susannah Streeter, head of money and markets at Hargreaves Lansdown, advised investors to "only dabble in crypto with money that they can be prepared to lose," citing the history of wild price fluctuations in the sector.

Donald Trump speaks at the Bitcoin 2024 Conference on July 27, in Nashville while on the campaign trail. Bitcoin jumped when investors became confident that Trump would win Tuesday's U.S. presidential election. (Mark Humphrey/The Associated Press) Industry Support for Trump The cryptocurrency industry has largely welcomed Trump’s victory, hoping he will facilitate legislative and regulatory changes that align with their interests. Trump has previously expressed intentions to remove Gary Gensler, the chair of the Securities and Exchange Commission (SEC), who has been at the forefront of the U.S. government's crackdown on the crypto industry. "Tonight the crypto voter has spoken decisively — across party lines and in key races across the country," said Brian Armstrong, CEO of Coinbase. He highlighted the need for clear regulations to guide digital assets, indicating a desire for collaboration with the new Congress to achieve this goal. Streeter noted that Trump's administration is likely to pursue a "light touch regulation" approach for the cryptocurrency sector, aligning with the desires of crypto advocates who seek legitimacy without overly burdensome regulations. Conclusion As Bitcoin and other cryptocurrencies reach new heights in the wake of Trump’s election victory, the market is buzzing with optimism. However, potential investors should remain aware of the inherent risks involved in cryptocurrency trading. With a pro-crypto administration potentially on the horizon, the future of digital currencies may be shaped significantly by upcoming regulatory changes. Thank you for taking the time to read this article! Your thoughts and feedback are incredibly valuable to me. What do you think about the topics discussed? Please share your insights in the comments section below, as your input helps me create even better content. I’m also eager to hear your stories! If you have a special experience, a unique story, or interesting anecdotes from your life or surroundings, please send them to me at whatsissue@gmail.com. Your stories could inspire others and add depth to our discussions. If you enjoyed this post and want to stay updated with more informative and engaging articles, don’t forget to hit the subscribe button! I’m committed to bringing you the latest insights and trends, so stay tuned for upcoming posts. Wishing you a wonderful day ahead, and I look forward to connecting with you in the comments and reading your stories! Read the full article

[sa7abnews]

PAID IN BITCOIN: BTCPay Documentary Showcases Bitcoin as the Medium of Exchange at Bitcoin 2024 Conference in Nashville

New Post has been published on Sa7ab News

PAID IN BITCOIN: BTCPay Documentary Showcases Bitcoin as the Medium of Exchange at Bitcoin 2024 Conference in Nashville

Watch the new documentary PAID IN BITCOIN about Bitcoin use at Bitcoin 2024 in Nashville.

... read more !

[douxlen]

PAID IN BITCOIN: BTCPay Documentary Showcases Bitcoin as the Medium of Exchange at Bitcoin 2024 Conference in Nashville

New Post has been published on Douxle News

PAID IN BITCOIN: BTCPay Documentary Showcases Bitcoin as the Medium of Exchange at Bitcoin 2024 Conference in Nashville

Watch the new documentary PAID IN BITCOIN about Bitcoin use at Bitcoin 2024 in Nashville.

... read more !

[blockinsider]

Federal Reserve Official Dismisses Bitcoin as ‘Valueless’ After a Decade-Plus of Existence

Key Points

Minneapolis Fed President, Neel Tushar Kashkari, deems Bitcoin as a worthless asset.

Despite Kashkari’s remarks, Bitcoin’s performance continues to impress, with increased demand for Bitcoin ETFs.

Neel Tushar Kashkari, the President of the Federal Reserve Bank of Minneapolis, recently expressed his opinion about Bitcoin.

Kashkari stated that Bitcoin remains worthless as an asset class, even after 12 years of existence. He also noted that despite the longevity of cryptocurrency, it has not established itself as a viable form of currency.

Bitcoin’s Remarkable Performance

Contrary to Kashkari’s remarks, Bitcoin has shown impressive performance over the years. It gained 9% in 2012, 59% in 2016, and 171% in 2020.

Thus far in 2024, Bitcoin has outperformed major asset classes. Its volatility has increased as the US prepares for what Jefferies investment firm refers to as the “Bitcoin elections”.

In the past month, Bitcoin has risen by 10% and has surged 48% so far this year.

However, the last quarter of Q3 has been challenging for Bitcoin. It returned flat returns of 0.8% by September end. In contrast, Bitcoin’s rival, Gold, outperformed it with 13.8% gains during the last quarter.

Increasing Demand for Bitcoin ETFs

Despite these challenges, the demand for spot Bitcoin ETFs is growing. This follows a successful launch earlier this year.

Inflows into the BTC ETFs have surged, with $555 million in inflows recorded on one Monday. This marks the largest single-day inflow in four months since June 5, 2024.

This trend clearly indicates that institutional demand for the asset class remains strong, despite all the headwinds.

The upcoming US elections are expected to have a significant impact on the Bitcoin price. Both presidential candidates, Donald Trump and Kamala Harris, have pledged to foster a more crypto-friendly environment to support the growth of digital assets.

Donald Trump, in particular, has been vocal about the topic. At the Bitcoin Conference 2024 in Nashville, Tennessee, he promised to make the US a global hub for cryptocurrency if elected.

Some market analysts believe that a victory for Donald Trump would be very positive for Bitcoin.

Apart from the political scenario, on-chain metrics also support a BTC price rally ahead. According to CryptoQuant data, the Bitcoin reserves on all centralized exchanges (CEXs) are currently at an all-time low.

These declining reserves show that investors are optimistic about the asset and are moving BTC into cold storage for the long term.

Conversely, the Bitcoin open interest is at an all-time high of $19.8 billion. This indicates that traders are building up long positions for BTC.

According to CryptoQuant, “This upward trend in the derivatives market indicates a growing influx of liquidity and increased attention in the cryptocurrency space. The rise in funding rates further points to a bullish sentiment among traders.”

[36crypto]

Trump's Bold Promise at Bitcoin Conference Sparks Ripple in XRP Community

At the 2024 Bitcoin Conference held in Nashville, former President of the United States of America, Donald Trump, delivered a thundering speech in which he vowed to radically transform the existing legal framework of cryptocurrencies. Trump announced that when he returns to the White House, he will dismiss Gary Gensler, the head of the Securities and Exchange Commission (SEC), whom he accuses of…

[coineagle]

Ethereum Breaks $3400: What’s Next as ETF Launch Date Looms?

Key Points

The SEC is finalizing drafts from potential spot Ethereum ETF issuers.

Ethereum [ETH] value is rising, and the approval of a U.S. spot Ethereum ETF is anticipated next week.

The Securities and Exchange Commission (SEC) is currently finalizing drafts from potential issuers of spot Ethereum ETFs.

The value of Ethereum (ETH) has seen an increase, reaching over $3400 recently.

Spot Ethereum ETF Update

Despite a drop below $3000 last week, Ethereum has recovered, trading 12.8% higher in the last seven days at press time.

These gains follow reports of an anticipated approval of a U.S. spot Ethereum ETF next week.

Nate Geraci, an ETF market commentator, predicts that the SEC will soon approve the resubmitted registration statements.

Bloomberg ETF analyst Eric Balchunas supports Geraci’s prediction, stating that only an unforeseen last-minute setback could delay the launch.

Market anticipation

Despite the specific approval date being unclear, market excitement has been growing since the SEC approved applicants’ forms 19b-4 in May.

In June, the SEC provided feedback on the filed S-1 forms, highlighting areas needing review.

Last week, the securities regulator requested the eight asset managers seeking approval for their spot Ethereum ETFs to submit amended S-1 registration statements.

The approval of a spot Ethereum ETF is expected to significantly impact the Ethereum market and the broader crypto industry.

The ETF offerings, which are tied to the spot price of Ether, provide investors with a new avenue to gain exposure to the altcoin through a regulated financial product.

Most market analysts predict that the Ether ETFs could attract investment flows from institutional investors, potentially replicating the inflow of spot Bitcoin ETFs observed in the first half of the year.

U.S. spot Bitcoin ETFs have drawn in $16.12 billion in inflows since their launch earlier this year.

The predicted launch date coincides with the week of the 2024 Bitcoin conference at Nashville.

The conference will feature prominent speakers, including MicroStrategy executive chairman Michael Saylor, ARK founder Cathie Wood, independent U.S. Presidential candidate Robert Kennedy Jr, and Republican U.S. presidential candidate Donald Trump.

[harinicrypto]

Crypto Updates: Crypto Index Hits 18-Month Low; Trump to Speak at Bitcoin 2024

The cryptocurrency market is experiencing significant changes, with the Fear and Greed Index dropping to 30, its lowest in 18 months, signaling increased caution among investors. Former U.S. President Donald Trump is expected to speak at Bitcoin 2024 in Nashville, highlighting crypto's growing political attention. The German government transferred 400 BTC (~$24 million) to exchanges, sparking speculation. Kanav Kariya resigned as Jump Crypto President amid a CFTC investigation. ZKSync launched the ‘Elastic Chain,’ competing with Polygon’s AggLayer. Arbitrum proposed delegate staking rewards, while Tether ceased USDT support for EOS and Algorand. BitGet introduced pre-market trading for the Hamster Combat token. Major token unlocks in ALT and GTAI may cause market volatility.

[ccccloud45455]

Discover Top-Notch Bitcoin Services in Nashville!

Are you looking for reliable and secure Bitcoin services in Nashville? Look no further! At CCCCloud, we offer a range of Bitcoin-related services to cater to all your needs.

Our Services Include:

Nashville Bitcoin Exchange: Trade Bitcoin effortlessly with our trusted platform.

Sell Bitcoin Nashville: Get the best rates and instant payouts when you sell your Bitcoin with us.

Bitcoin Workshops in Nashville: Enhance your knowledge and stay updated with our comprehensive Bitcoin workshops led by industry experts.

Join the Bitcoin revolution today with CCCCloud, your premier destination for Bitcoin services in Nashville.

Visit us at https://ccccloud.org/

Contact No.: +1-307-222-8351

Email id: mike@cccCloud.org

Let me know if you need any adjustments!

[trylkstopocket]

ARK’s Cathie Wood weighs in on venture capital and her plans to launch a crossover fund

Venture capitalists may be predicting trouble ahead for the private markets—but Cathie Wood has always danced to the beat of her own drum.

The chief executive of ARK Invest, the asset manager known for its bold—and risky—bets on tech and innovation, said yesterday afternoon that ARK is planning to launch a fund that will invest across both public and private markets. Right now, ARK’s funds invest solely in public equities.

“We’re going to start a crossover fund,” Wood said in an on-stage interview at the UP.Summit, a mobility conference taking place in Bentonville, Ark. this week. Wood declined to speak further about the fund because of Securities and Exchange Commission regulation, but an SEC filing from earlier this year reveals it will be a closed-end fund that will invest in public equities, early to late-stage startups, and venture capital funds, among other investments.

While ARK may be known for its ETFs, whose performance soared to remarkable heights during the pandemic, Wood isn’t new to the world of private investing. She is personally a limited partner in UP.Partners, a $230 million early-stage venture capital fund focused on mobility, whose partners are co-hosting the Summit in Bentonville.

But while it may not be an entirely new rodeo for Wood, it’s still a rather challenging time to debut a crossover fund. Hedge funds like D1 Capital Partners or Tiger Global that straddle both public and private investments have reported billions in losses this year as public tech stocks plunge, and Wood’s publicly traded funds have tumbled, with its flagship ARK Innovation ETF trading more than 50% lower than it was in January. 

With the path to an IPO largely closed for the moment, and some of the industry’s tech darlings starting to cut their valuations, asset managers like Fidelity are proactively trimming the value of their own positions and players like T. Rowe Price are rolling back their pace of deals. Some growth equity investors are turning focus to earlier-stage investments or companies most poised for profitability.

Wood made her name taking early—and sizable—bets on Tesla and, more recently, cryptocurrencies like Bitcoin. She likens ARK’s approach to the public markets to venture investing: “We are the closest thing you’ll find to venture capital funds in the public equity markets,” she says. But she’s also critical of how VCs are moving their money in the space. Wood mentioned that, at a former UP.Summit in 2018, venture capitalists repeatedly got up on stage complaining of high costs and said “oh, we would never invest in this.”

“There is a lot of capital moving into the asset-light part of the business,” Wood says, but she says that funds are still avoiding investments in companies that are spending a lot on the hardware or underlying technology. “We think that will change,” she says.

And she knows just the fund manager with the guts to do it. 

Jackson Fordyce curated the deals section of today’s newsletter.

VENTURE DEALS

Multiverse, a London-based career apprenticeship platform, raised $220 million in Series D funding.** StepStone Group**, Lightspeed Venture Partners, and General Catalyst co-led the round and were joined by investors including** Founders Circle Capital, Audacious Ventures**, BOND, D1 Capital Partners, GV, and Index Ventures. 

CareBridge, a Nashville-based health care company for patients receiving home and community-based services, raised $140 million in funding led by Oak HC/FT.

Vanta, a San Francisco-based compliance and software automation security company, raised $110 million in Series B funding. Craft Ventures led the round and was joined by investors including Sequoia and YC.  

Codat, a London-based software startup connecting small businesses with financial institutions, raised $100 million in funding. JPMorgan Chase’s growth-equity arm led the round and was joined by investors including Canapi Ventures, and Shopify,Index Ventures, and PayPal Ventures. 

Ever/Body, a New York-based cosmetic dermatology and med spa company, raised $55.5 million in Series C funding. Addition led the round and was joined by investors including Tiger Global, ACME Capital, Declaration Partners, Fifth Wall Ventures, and Imaginary Ventures.

HYCU, a Boston-based cloud data protection company, raised $53 million in Series B funding. Acrew Capital led the round and was joined by investors including Bain Capital Ventures, Atlassian Ventures, and Cisco Investments. 

Anagenex, a Boston-based machine learning-enabled, small molecule, drug discovery company, raised $30 million in Series A funding. Catalio Capital Management led the round and was joined by investors including Lux Capital, Khosla Ventures, Obvious Ventures, Airstreet Capital, and Menlo Ventures. 

CreativeX, a New York-based data platform for brands, raised $25 million in funding. Guggenheim Investments on behalf of certain clients, Beringea, the Brandtech group, and Conviction invested in the round. 

Entropy, a Brooklyn, New York-based crypto custody platform, raised $25 million in seed funding. a16z led the round and was joined by investors including Dragonfly Capital, Ethereal Ventures, Variant, Coinbase Ventures,** Robot Ventures**, Inflection, the Komerabi Fund, and other angels. 

Skolem Technologies, a New York-based asset management and execution services provider, raised $20 million in Series A funding. Galaxy Digital led the round and was joined by investors including Point72 Ventures, Jump Crypto, Fenwick and West, Morpheus Ventures, and Dragonfly Capital.

Continual, a San Francisco-based operational A.I. platform for data stacks, raised $14.5 million in Series A funding. Innovation Endeavors led the round and was joined by investors including Amplify Partners,** Illuminate Ventures**, Inspired Capital, Data Community Fund, Activation, New Normal, GTMfund, Dremio founder Tomer Shiran, and dbt Labs founder Tristan Handy.

Teleo, a Palo Alto-based construction robotics company, raised $12 million in Series A funding. UP.Partners led the round and was joined by investors including F-Prime Capital,** K9 Ventures**, Trucks Venture Capital, and other angels. 

​​Valkyrie Investments, a Nashville-based investment manager focused on digital assets, raised $11.15 million in funding. BNY Mellon, Wedbush Financial Services, Clearsky, Zilliqa Capital, C-Squared Ventures, Belvedere Strategic Capital, and **SenaHill Partners **invested in the round. 

Securesave, a Seattle-based emergency savings fintech platform, raised $11 million in funding. Truist Ventures led the round and was joined by investors including Stearns Financial Services and FTX.

Decimal, an Indianapolis-based accounting automation platform, raised $9.22 million in seed funding. Arthur Ventures **led the round and was joined by **Service Providers Capital and other angels. 

Shoreline, a Stavanger, Norway-based workflow automation and asset simulation SaaS company for the wind industry, raised $7.5 million in funding. Ecosystem Integrity Fund, Blue Bear Capital, Ferd Capital, Alliance Venture, and Investinor invested in the round.

Extracker, a San Francisco-based change order communication platform for the construction industry, raised $7 million in Series A funding. Cloud Apps Capital Partners led the round and was joined by investors including Building Ventures and Jackson Square Ventures.

Overalls, a New York-based insurance-based benefits company, raised $4.6 million in funding. RPM Ventures led the round and was joined by investors including** Frontier Ventures**, former NFL player Jerod Mayo, and others. 

Five to Nine, a Chicago-based employee initiative software management platform, raised $4.25 million in seed funding. Black Ops Ventures led the round and was joined by investors including Slack Fund and Cleveland Avenue.

Curio, a Santa Monica, Calif.-based NFT analysis, raised $3.7 million in a seed funding round. 776 led the round and was joined by investors including Gary Vee,** Cozomo de Medici**, Polygon CEO JD Kanani, OpenSea CEO Devin Finzer, OrangeDAO, Coinbase Ventures, and other angels.

De Oro Devices, a San Luis Obispo, Calif.-based medtech startup specializing in Parkinson’s and other mobility disorders, raised $2.8 million in seed funding. True Wealth Ventures led the round and was joined by investors including AARP, StartUp Health, Capital Factory, Wai Mohala Ventures, Kachuwa Impact Fund, Barton Investments, HealthTech Capital, Wealthing VC Club, Rockies VC, and** Mentors Fund**. 

PRIVATE EQUITY

Citizens Financial Group, acquired DH Capital, a New York-based private investment banking firm. Financial terms were not disclosed. 

Mercer Global Advisors, backed by Oak Hill Capital and Genstar Capital, acquired Berkson Asset Management, a Woodland Hills, Calif.-based tax and accounting firm. Financial terms were not disclosed. 

OTHER

​​Descartes Systems Group acquired XPS Technologies, a Cottonwood Heights, Utah-based ecommerce multi-carrier parcel shipping solutions provider, for $65 million. 

Achieve Partners acquired a majority stake in Boclips, a Boston-based educational video platform for student learning. Financial terms were not disclosed. 

Desert Peak Minerals and Falcon Minerals have merged creating Sitio Royalties, a Denver-based oil & gas, mineral, and royalty interests company. Financial terms were not disclosed.  

DotCom Therapy acquired Wolf+Friends, a New York-based community for parents and families raising children with special needs. Financial terms were not disclosed.  

WorkGenius acquired JBC, a New York-based staffing company, financial terms were not disclosed. 

FUNDS + FUNDS OF FUNDS

-** Biospring Partners**, a New York-based growth equity firm, raised $245 million for a fund focused on tech companies in the life sciences sector.

PEOPLE

CapitalG, the San Francisco-based growth fund of Google parent company Alphabet, hired Melissa Sobel as communications partner and Stanley Onyimba as vice president of growth. Formerly, Sobel led a VC-focused communications consultancy and Onyimba was with Google Search.

This is the web version of _Term Sheet, _a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox.

[mariacallous]

President-elect Donald Trump is expected to select a new chair of the US Securities and Exchange Commission (SEC) in the coming days. His team is asking the crypto industry to weigh in on potential picks, according to sources who claim to be close to proceedings.

Trump’s shortlist is filled with former government officials, crypto executives, and lawyers who support the crypto industry: Paul Atkins, former SEC commissioner, and Brian Brooks, former acting US comptroller of the currency, are the top two contenders, sources familiar tell WIRED, but the vetting process is ongoing.

Other candidates include SEC commissioner Mark Uyeda, former SEC general counsel Robert Stebbins, and Brad Bondi, the global cochair of investigations and white collar defense at the law firm Paul Hastings, WIRED understands. The chief legal officer for Robinhood, Dan Gallagher, was also up for the role but bowed out of the race over the weekend.

Uyeda declined to comment. Neither the Trump transition team, Atkins, Brooks, Stebbins, nor Bondi responded to a request for comment.

To help craft policy and implement his campaign pledges, Trump is also expected to appoint a crypto czar. The czar would lead a board of advisers comprising a colorful cast of crypto characters, sources tell WIRED. A variety of industry leaders are rumored to be in line for a position on the panel, from companies like Coinbase, Gemini, and Kraken, as well as pro-crypto venture capital firms and crypto mining outfits.

Jonathan Jachym, global head of policy and government relations at Kraken, declined to comment on the competition for places on the advisory council, but says the company welcomes the opportunity to steer crypto policy under the Trump administration. “We take our leadership role in the industry very seriously, and that includes informing and driving regulatory clarity and policy outcomes,” he says. Gemini declined to comment. Coinbase did not respond immediately to a request for comment.

Under Gary Gensler, the sitting SEC chair, the crypto industry has faced what many in its ranks allege to be an unjust and targeted barrage of litigation. Among the crypto faithful, Gensler has become something of a cartoon villain. Tyler Winklevoss, cofounder of crypto exchange Gemini, recently went as far as to describe him as “evil.”

In July, at a bitcoin conference in Nashville, Tennessee, Trump pledged to fire Gensler if reelected, drawing perhaps the most raucous applause of the night. “I will appoint an SEC chair who will build the future, not block the future,” Trump said.

Last week, Gensler announced that he would resign from his office on January 20, the day of Trump’s inauguration. Representatives of the industry in which Gensler has become so maligned are now helping to pick out his successor, sources tell WIRED.

The promise of an SEC overhaul was one of many made to the crypto industry by Trump on the campaign trail. At the Nashville conference, he pledged to cement the US as the foremost bitcoin mining powerhouse, create a national “bitcoin stockpile,” and establish a framework for stablecoin businesses, singing from the crypto hymn sheet.

In June, Trump hosted executives from the crypto mining industry at Mar-a-Lago, his resort in Florida. “We had a very long, in-depth discussion with him—and he was very interested. He was very engaged and asked great questions,” says Brian Morgenstern, head of public policy at bitcoin mining company Riot Platforms and a former official in the first Trump administration, who was in attendance.

Trump has even begun to dabble in crypto himself. Over the summer, his campaign began accepting crypto donations, and his sons launched their own crypto platform, World Liberty Financial, which he helped to promote. Last Thursday, The New York Times reported that Trump’s social media company, Truth Social, filed a trademark application for what was described as a crypto payment service called TruthFi.

Figures allied with the crypto industry have already been appointed to Trump’s cabinet. His pick for Secretary of Commerce, Howard Lutnick, leads the financial services company Cantor Fitzgerald, which manages assets for Tether, operator of the world’s largest stablecoin. Likewise, vice president-elect JD Vance, nominee for Secretary of the Department of Health and Human Services Robert F. Kennedy Jr., and coleader of the new Department of Government Efficiency Vivek Ramaswamy have all expressed pro-crypto views.

“Based on what I've heard in private conversations, my perspective has been that the incoming administration is taking their pro-bitcoin and crypto campaign promises very seriously and intend to do a robust assessment of options to optimize [appointments to regulatory positions] as best they can,” says Christopher Calicott, managing director at bitcoin-focused VC firm Trammell Venture Partners.

The price of bitcoin has risen to record heights, just shy of $100,000 per coin, since Trump won reelection earlier this month.

“The entire industry is going to have much brighter prospects on a number of different fronts,” says Morgenstern. “We don’t have any reason to doubt President Trump.”

[virtualcurrencyspace]

The Race For The First Bitcoin ETF

Valkyrie Investments reckons it just vaulted to the front of the queue for approval from the Securities and Exchange Commission for the first U.S. Bitcoin exchange-traded fund thanks to a quirk that allows smaller issuers to file confidentially for new offerings.

The Nashville, Tennessee-based firm two months ago sought regulatory permission for a futures-based fund, likely the first company to do so before an onslaught by others following positive comments on the structure by the SEC. The request was revealed Tuesday after the Nasdaq exchange, where the Valkyrie XBTO Bitcoin Futures Fund would be listed, filed a response to the SEC.

The application remained hidden thanks to an idiosyncrasy afforded to smaller companies, which allows them to file confidentially without fear of getting their ideas copied by bigger players, said Steven McClurg, chief investment officer at Valkyrie Investments.

https://www.bloomberg.com/news/articles/2021-08-24/tiny-issuer-thinks-it-just-got-the-edge-in-race-for-bitcoin-etf

[coinprojects]

New Post has been published on https://coinprojects.net/an-ethereum-blockchain-upgrade-crypto-regulatory-battles-and-bitcoin-price-discussion-hodlers-digest-aug-1-7/

An Ethereum blockchain upgrade, crypto regulatory battles, and Bitcoin price discussion: Hodler’s Digest, Aug. 1-7

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

  Square to acquire Australian fintech Afterpay in $29B deal

Jack Dorsey’s digital payments firm Square entered into a $29 billion stock deal to purchase Australian buy now, pay later (BNPL) firm Afterpay this week. 

Just like the name Afterpay implies, Square will essentially be buying the firm now and paying later, with the transaction set for the first quarter of 2022 and to be paid out entirely in Square common stock.

Bitcoin (BTC) proponent Anthony Pompliano was pleased with the news, noting on his web series The Best Business Show that Square is one of the only stocks he owns, as he forecasted that the firm’s valuation will explode following the acquisition.

In an Aug. 3 YouTube video, Pomp went for sheer and utter clickbait with the title “SQUARE is going to be worth 1 TRILLION dollars,” and he emphasized the potential of rolling out Afterpay’s BNPL services to 70 million Cash App users and 2 million Square merchants.

  Ethereum London hard fork goes live

The London hard fork arrived almost on schedule on Aug. 5, ushering in Ethereum Improvement Proposal 1559. An interesting feature of the upgrade is that it also ushered in some bullish sentiments from Ethereum (ETH) proponents and some sour grapes from Bitcoin maxis. 

Ethereum has now transitioned away from a bidding-based fee market to a fixed price-and-burn mechanism, which may see the asset become deflationary if more ETH is burned than issued in block rewards. However, this may be more likely after the switch to proof-of-stake with ETH 2.0. If the asset does become deflationary, it would reach the status of “ultrasound money,” which is a term that has also been a long-running meme in ETH communities that mocks Bitcoiners’ description of BTC as sound money due its capped supply of 21 million.

  BREAKING: White House confirms support for minor changes to crypto tax proposal

The White House officially backed a last-minute amendment to the controversial U.S. infrastructure plan that proposes expanded cryptocurrency taxation to raise an additional $28 billion in revenue. The amendment maintains stringent reporting requirements for blockchain developers and validators while exempting miners. 

However, the amendment’s vague wording and lack of clearly defined terms suggest that crypto developers and proof-of-stake validators would still be subject to expanded reporting and taxation that some have described as “unworkable.”

For some reason, members of the White House seem intent on cracking down on tax evasion in crypto without understanding the nuances of the industry. They also seem to overlook the blatant rorting of the system from multinational giants who essentially vacuum capital out of the people’s pockets while paying zero tax.

  Mike Novogratz blasts US officials for poor grasp of crypto industry

Amid the backdrop of looming crypto regulations that will most likely increase taxes and decrease profits, Galaxy Digital CEO Mike Novogratz has come out swinging in response to Senator Elizabeth Warren’s remarks calling cryptocurrency “the wild west” of the U.S. financial system.

The billionaire crypto proponent’s jabs were, of course, delivered through social media, with Novogratz taking to Twitter on Aug. 3 to assert that most U.S. officials have no idea what they are talking about when it comes to crypto: 

“Crypto is the future of our financial system and our citizens deserve officials that do their homework to understand this new technology. Most of our leaders haven’t done that yet. We also need regulators and politicians who understand that new ideas need room to grow.”

  Circle and Unstoppable Domains to introduce username-based USDC payments

Circle and Unstoppable Domains are working to introduce username-based addresses as an alternative to long-winded alphanumeric crypto wallet addresses to aid the not-so-tech-savvy, a.k.a. newbies and boomers. 

According to an Aug. 4 announcement, blockchain domain name provider Unstoppable Domains and stablecoin issuer Circle are collaborating to release readable “.coin” usernames for USD Coin (USDC) transfers.

As part of the partnership, both companies will collaborate to enable support for .coin username extensions across wallets and crypto exchanges that list the number two-ranked stablecoin. 

Under this arrangement, USDC transfers will become akin to sending an email, likely mitigating the problem of transferring coins to the wrong address, losing funds forever and living with regrets over one’s lack of due diligence.

Winners and Losers

    At the end of the week, Bitcoin is at $42,651, Ether at $2,867 and XRP at $0.74. The total market cap is at $1.73 trillion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Voyager Token (VGX) at 94.22%, THORChain (RUNE) at 50.69%, and Ravencoin (RVN) at 44.13%.

The top three altcoin losers of the week are Amp (AMP) at -14.97%, XinFin Network (XDC) at -4.74%, and Telcoin (TEL) at -1.66%. 

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

    Most Memorable Quotations

  “We can see Bitcoin on the balance sheets of cities, states, governments, companies, small [and] big investors.”

Michael Saylor, MicroStrategy CEO

  “We’re now moving into a world where we have these nonfungible software objects that have unique identities that can actually accept money, pay money and can participate in governance, either in decentralized autonomous organizations or potentially other kinds of governments that can govern themselves.”

Joe Lubin, ConsenSys founder and CEO

  “I’m spending five hours a day on everything from regulation to licensing and everything in between.”

Sam Bankman-Fried, FTX CEO

  “Primarily, crypto assets provide digital, scarce vehicles for speculative investment. Thus, in that sense, one can say they are highly speculative stores of value.”

Gary Gensler, chair of the U.S. Securities and Exchange Commission

  “Crypto is a bit like the parable of the blind men and the elephant. People touch it from different sides. They get distracted and carried away and energized about these different topics.”

Marc Andreessen, Andreessen Horowitz general partner and co-founder

  “If you put a gun to my head, and you said, ‘I can only have one.’ I would choose gold.”

Ray Dalio, billionaire hedge fund manager

  “Just so we’re all clear here, the SEC has no authority over pure commodities or their trading venues, whether those commodities are wheat, gold, oil….or #crypto assets.”

Brian Quintenz, U.S. CFTC commissioner

  “The more people with stablecoins in the pocket, the more people who can participate in decentralized finance.”

Matthew Gould, Unstoppable Domains CEO

Prediction of the Week 

  Bitcoin chart fractal suggests BTC price will have rallied to at least $80K by September

If this latest bullish BTC prediction turns out to be true, Bitcoiners may soon be able to start driving their lambos on the moon. 

Nunya Bizniz, an independent market analyst, posted a bullish prediction on Aug. 1, as they highlighted that the recent rally of around 40% in late July included 10 consecutive days of lovely green candles, and not those horrible red ones that bears love so much. 

The analyst noted that each of BTC’s previous 10-day bull runs has ended up with at least a 100% price increase within 30 to 60 days. Therefore, if history repeats itself, Bitcoin’s price may double and surge to new all-time highs around the $80,000 mark.

FUD of the Week 

  South Korean regulator to reportedly shut down 11 crypto exchanges

Crypto regulations in South Korea may become more stringent after news circulated this week that South Korea’s top financial regulator, the Financial Services Commission, or FSC, is reportedly planning to shut down a dozen local cryptocurrency exchanges amid accusations of fraud.  

The FSC will suspend operations of at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities and fraudulent collective accounts, according to local media outlets.  

The publication cited anonymous industry sources claiming that the names of the exchanges were not yet disclosed, so Koreans will not know exactly what to FUD over until the names come to light. The sources argued that the mentioned crypto exchanges will be unable to get approval for operation by the FSC. 

The report also notes that the authority is planning to implement stricter regulations for smaller crypto exchanges in South Korea, meaning that anyone firm that wants to partake in illegal behavior will have to do it on a large scale.

  Monero’s former maintainer arrested in the US for allegations unrelated to cryptocurrency

Speaking of alleged illicit behavior, Riccardo Spagni, the former maintainer of the Monero (XMR) cryptocurrency, was arrested last month in Nashville, Tennessee, but not for anything related to crypto.  

Spagni is facing fraud charges tied to alleged offenses in South Africa between 2009 and 2011, during his time serving as an information technology manager at a company dubbed Cape Cookies. 

Spagni allegedly fabricated additional invoices from a supplier of Cape Cookies, which included inflated prices for goods and services, along with his bank details instead of the suppliers’. He now faces a hearing on Aug. 5 to determine whether he is held, pending trial. If convicted in South Africa, he faces 20 years in prison.

  Breaking: BSV reportedly suffers ‘massive’ 51% attack

Bitcoin SV reportedly suffered a “massive” 51% attack on Aug. 3 that resulted in up to three versions of the chain being mined simultaneously.

Speaking about the attack, Lucas Nuzzi, a network data product manager at Coin Metrics, stated on Twitter that “someone is seriously trying to destroy BSV,” and added that:

“For over 3 hours, attackers were able to take over the chain. All exchanges that received BSV deposits during that time might have been double spent.”

  Best Cointelegraph Features

BlockFi faces regulatory heat, a sign of possible crypto lending regulations?

The crypto lending giant BlockFi is facing regulatory scrutiny from a handful of states in America ahead of a proposed public listing.

Civic engagement and crypto: Miami unveils its own digital coin

MiamiCoin is not just a cryptocurrency, but rather a decentralized application that can function as a developer platform for cities.

Ready to deploy? Amazon’s Bitcoin acceptance can prime a payments future

Amazon denied reports it will accept BTC payments soon, but seemingly, it’s only a matter of time before the tech giants embrace the token economy.

Source link By Cointelegraph By Editorial Staff

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