Author: Max Bauer
BitMEX co-founder Arthur Hayes made a bold statement, urging politicians to contribute positively to the cryptocurrency sector before considering financial contributions. Hayes referred to politicians as “vampires” and cautioned against blindly giving them money without seeing tangible support for the crypto industry. Hayes attached a letter addressed to Jaime Harrison, the Chairman of the Democratic National Committee, and future Democratic presidential candidates. The letter, penned by Democratic Party officials and congressmen, highlighted the significant potential of digital assets and blockchain technology in fostering innovation, economic growth, and financial inclusion in the United States. Despite some Democratic leaders recently supporting pro-digital…
Investment firm Pantera Capital has transferred 13.5 million 1INCH tokens, equivalent to about $4.95 million, to Coinbase Prime. The transaction was reported by the monitoring service Ember and occurred approximately 12 hours ago. This is not the first time Pantera Capital has made such a transfer. Over the past four days, they have moved a total of 21.4 million 1INCH tokens to Coinbase Prime, amounting to approximately $8.07 million. Pantera Capital has still a substantial holding in 1INCH, having obtained a total of 104.6 million 1INCH through investment unlocking. Despite the recent transfers, they still hold a significant amount of…
Justin Sun, the founder of TRON, has recently made a statement urging China to enhance its Bitcoin policy. Sun’s comments come in the wake of a more Bitcoin-friendly environment in the United States, a shift he attributes to President Trump’s promotion of the cryptocurrency. Sun believes that China should follow suit and make further advancements in its Bitcoin policy. He argues that a competitive atmosphere between China and the United States in the realm of Bitcoin policy would be beneficial for the entire industry. In a recent development, Sun has expressed interest in purchasing the remaining $2.3 billion worth of…
DWF Labs, a leading player in the cryptocurrency market, is reportedly in advanced talks with one of the largest payment systems in Central Asia. This news comes directly from the company’s CEO, Andrei Grachev, who shared the development on his Twitter account. Grachev’s tweet read: “Talking to one of the largest payment systems in Central Asia. One of developing DWF Labs pillars is to acquire infrastructure in order to offer compliant, cheap and efficient fiat/crypto transactions on emerging markets.” DWF Labs is known as a controversial market maker in the cryptocurrency market. Other market makers once accused DWF Labs of…
U.S. Senator Cynthia Lummis has announced plans to introduce legislation for a “strategic bitcoin reserve”. The proposal involves the U.S. purchasing 1 million bitcoin (BTC) over a span of five years. The Wyoming senator, a long-time supporter of bitcoin, believes that this digital asset could be the solution to the country’s debt crisis. “This is our Louisiana purchase moment,” she declared, drawing parallels to the historic land acquisition that doubled the size of the U.S. in the 19th century. At current market prices, 1 million bitcoin are valued at approximately $68 billion. The proposed legislation stipulates that these bitcoins would…
Former president and Republican presidential nominee Donald Trump delivered a keynote address at the Bitcoin 2024 conference on Saturday, marking a significant shift from his previous stance that Bitcoin was not money. Trump boldly declared that under his leadership, America would become the global leader in cryptocurrency. Trump’s Vision for America’s Crypto Future Trump began his speech by emphasizing his commitment to putting “America first.” He asserted that if the U.S. did not take the lead in the crypto revolution, other nations like China would dominate. “If crypto is going to define the future, I want it to be mined,…