News

As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks

Former President Donald Trump heaped more praise on the "very, very smart people" of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin {{BTC}} could aid in addressing the $35 trillion U.S. national debt...

2 Aug 2024

VanEck CEO foresees Bitcoin hitting $350k as regulators begin quantitative easing

Jan Van Eck, CEO of the $107 billion asset manager VanEck, has predicted that Bitcoin could rally to $350,000 per coin as central banks embark on quantitative easing. In a recent interview with Fox Business, Van Eck expressed his bullish outlook, suggesting that Bitcoin’s market cap could reach half that of gold. He said: “Eventually, […]
The post VanEck CEO foresees Bitcoin hitting $350k as regulators begin quantitative easing appeared first on CryptoSlate.

2 Aug 2024

Genesis begins distributing $4 billion in assets to creditors, creates legal fund to sue DCG, others

Genesis has finalized its restructuring process and started distributing roughly $4 billion in digital assets and US dollars to creditors, according to an Aug. 2 statement. The company revealed that creditors will recover an average of 64% of their crypto claims, depending on the coins. Bitcoin holders will regain 51.28% of their holdings, Ethereum creditors […]
The post Genesis begins distributing $4 billion in assets to creditors, creates legal fund to sue DCG, others appeared first on CryptoSlate.

2 Aug 2024

How DePINs Address AI’s GPU Gap and Ethics Problems

The future of AI depends on our ability to build a more inclusive, equitable, and decentralized computational landscape, says Mark Rydon, co-founder of Aethir.

2 Aug 2024

Coinbase’s ‘Solid’ Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say

The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.

2 Aug 2024

Morgan Stanley first in Wall Street to authorize spot Bitcoin ETFs for wealthy clients

Morgan Stanley will be the first major Wall Street bank to permit its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs), CNBC reported on Aug. 2, citing sources familiar with the matter. This decision enables Morgan Stanley’s over 15,000 financial advisors to sell shares of BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin […]
The post Morgan Stanley first in Wall Street to authorize spot Bitcoin ETFs for wealthy clients appeared first on CryptoSlate.

2 Aug 2024

MicroStrategy Bull Doubles Down on The Stock by Raising Price Target to Wall Street High

The broker raised its year-end price target for the software company to $2,150 from $1,875.

2 Aug 2024

France Opens for MiCA Applications, First Among Biggest EU Economies

France's Autorité des Marchés Financiers said it started accepting applications for crypto asset services provider licenses on July 1.

2 Aug 2024

Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood

Major U.S. stock indexes are suffering 2.5%-3.5% declines on Friday.

2 Aug 2024

Fantom rebrands to Sonic Labs, focusing on new high-speed blockchain

Fantom has rebranded to Sonic Labs, one of the main bodies supporting Sonic, a new layer-1 blockchain with a layer-2 bridge that connects to Ethereum. The project’s official documentation stated: “We rebranded to Sonic Labs on August 1, 2024. Previously, our company was called ‘Fantom Foundation’ and our Opera chain was referred to as ‘Fantom.'” […]
The post Fantom rebrands to Sonic Labs, focusing on new high-speed blockchain appeared first on CryptoSlate.

2 Aug 2024

Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC

The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.

2 Aug 2024

Make America Mine Again: How Donald Trump’s Plan for U.S. Bitcoin Dominance Could Trigger a New Digital Gold Rush

The U.S.'s pursuit of Bitcoin mining dominance could offer a golden ticket to national renewal, with our projections suggesting it could contribute to $30.6 billion in GDP and 54,000 jobs by 2028 if the U.S. captures 90% of the global market.

2 Aug 2024

BSP Head Office Cites Outstanding Partners

PDate: 8/2/2024
Content: BSP Governor Eli M. Remolona, Jr. (center, in barong) led central bank officials at the recognition ceremony for the outstanding partners of the BSP Head Office on 02 August 2024. They included Monetary Board Member Rosalia V....

News

2 Aug 2024

Protocol Village: Arthur Hayes Releases NFT Collection ‘Airheads’ on Bitcoin Ordinals

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.

2 Aug 2024

CoinDesk 20 Performance Update: Index Gains 1.2% With BCH and ETC Leading

The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%.

2 Aug 2024

Sharp Rise in US Unemployment Rate Amplifies September Rate Cut Odds

Disappointing job additions and a shock rise in unemployment in July have piled on the pressure for the Fed. Expectations of a 50-basis point cut in September gain traction

Forex

2 Aug 2024

U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%

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2 Aug 2024

Crypto Exchange Bybit Withdraws From France in Response to Regulations

It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations, the company said in its post.

2 Aug 2024

First Mover Americas: BTC Warnings Finger Drop to $55K

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

2 Aug 2024

Kujira Foundation’s Tokens Stung by Its Own Leveraged Positions as Bets Backfire

The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols.

2 Aug 2024

Nasdaq 100, Dow and Dax all see Sharp Losses

Indices tumbled on Thursday, as poor tech earnings and the prospect of a widening Middle East conflict hit risk appetite

Forex

2 Aug 2024

Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says

A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.

2 Aug 2024

ArcBest misses profit expectations, as soft rate environment weighed on revenue

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News

2 Aug 2024

Kamala Harris Can’t Cede Crypto to Trump, Could be Difference in Battleground States: Think Tank

The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could "make a difference in key battleground states," OMFIF wrote.

2 Aug 2024

ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange’s Earnings Report

Coinbase revenue beat Wall Street analysts' expectations, while profit came in lower than the consensus.

2 Aug 2024

Hong Kong’s Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report

For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."

2 Aug 2024

Bitcoin Risk-Reward Remains Compelling Even After Price Surges 100% in a Year

Long-term holders are motivated to hold at bitcoin's going market rate, implying an attractive risk-reward for existing or potential investors, according to the "reserve risk" indicator.

2 Aug 2024

Inaasahang Pagtaas ng Presyo para sa Hulyo 2024

PDate: 7/31/2024
Content: Inaasahan ng Bangko Sentral ng Pilipinas (BSP) na ang inflation rate o ang bilis ng galaw ng presyo ng mga produkto at serbisyo sa bansa para sa buwan ng Hulyo 2024 ay maitatala sa pagitan ng 4.0 hanggang 4.8 porsyento. ...

News

2 Aug 2024

Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos

Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market.

2 Aug 2024

Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors

India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.

2 Aug 2024