US

Bitcoin gained 3.5% after the organizers of Bitcoin 2024 announced that Republican presidential nominee Donald Trump would be among the speakers. The event will be held in Nashville, Texas, as Trump continues to champion crypto interests, including claiming he’d fight to expand US crypto mining operations. Donald Trump, the Republican Party presidential nominee, will be the headline speaker at Bitcoin 2024, the event’s organizers have revealed. Bitcoin gained over 3.5% on the announcement. The Bitcoin Conference confirmed today that Trump…

The United States US Republican party is pushing for more support for Bitcoin mining. The politicians are against CBDCs or Digital Dollar in a bid to spite the Democrats. The Republican National Committee Platform has put its foot forward to defend Bitcoin (BTC) mining and oppose the creation of Central Bank Digital Currencies (CBDC). The platform is supported by former president Donald Trump and formed with an agenda to win the White House and Republican Majorities in the House and…

REX Shares has announced the launch of the T-REX 2X Long Bitcoin Daily Target ETF which will offer investors a 200% exposure to BTC’s daily performance. The company also announced an inverse ETF providing -200% exposure, making them the two most volatile ETFs in the US market and targeting risk-tolerant traders. The pursuit of outsized gains in the crypto market is set to take a fresh twist with the launch of America’s most volatile Bitcoin ETFs. Launched by REX Shares,…

The post Ripple CEO Slams SEC! Will XRP Skyrocket Post U.S. Elections? appeared first on Coinpedia Fintech News Ripple’s CEO, Brad Garlinghouse, recently took a strong stance at a crucial crypto roundtable. Ro Khanna the Democratic Congressman held a meeting that aimed to discuss the future of cryptocurrency regulations in the U.S. This meeting was organized on wednesday. This roundtable conference was attended by Mark Cuban, Paul Grewal from Coinbase and Dante Disparte from Circle. Along with these key political…

Recent data shows that Bitcoin has completely detached from US stocks. This is significant considering how the flagship crypto and these stocks had a positive correlation before now, which undoubtedly positively impacted Bitcoin and the broader crypto market. Bitcoin Has No Correlation With US Stocks Data from the market intelligence platform IntoTheBlock shows that Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has dropped to -0.78 and -0.83, respectively. This means that Bitcoin and these assets have a strong…

The few issues between the US SEC and the spot Ethereum ETF issuers as depicted in the S-1 update fillings are an indication of imminent listing ahead. The Ethereum network has grown to a major supporter of the global web3 ecosystem, thus attracting more institutional and retail investors. In a recent interview, Katherine Dowling, the Chief Compliance Officer of Bitwise, reiterated her confidence in the inevitable listing of several spot Ethereum (ETH) exchange-traded funds (ETFs) this summer. Dowling noted that…

In recent months, the correlation between surging US equities and Bitcoin (BTC) has shown signs of collapse, as the cryptocurrency faces a combination of excess supply and weakened demand that has led to an over 20% price drop from June highs above $70,000 for the largest cryptocurrency on the market.  Bitcoin Correlation With Nasdaq 100 According to Bloomberg, the 90-day correlation coefficient between Bitcoin and the Nasdaq 100 index dropped to 0.21 on Tuesday, marking its lowest level since the…

The post US House Unlikely To Overturn Biden’s Veto On SAB 121 appeared first on Coinpedia Fintech News While there were reports earlier that the US House could vote to overturn Biden’s veto on SAS 121 regulatory oversight, there seems to be a turnaround just ahead of the voting on July 10th. It was reported that the resolution to repeal the SAB 121 wouldn’t get enough votes for a two-thirds majority in the House and thereby overturn Biden’s veto. Nearly…

The post US Senate Pushes Defense Secretary To Adopt Blockchain For National Defense appeared first on Coinpedia Fintech News The United States Senate Committee on Armed Services has taken a significant step towards integrating advanced technology into national defense. The committee has directed Secretary of Defense Lloyd Austin to investigate potential applications of blockchain technology within the military. The directive issued on July 9, focuses particularly on enhancing supply chain management and strengthening national security. Secretary Austin is required to…