Author: bitcrypto.io
Republican presidential candidate Donald Trump presented himself as a champion for cryptocurrency and slammed Democrats’ attempts to regulate the sector during a San Francisco fundraiser on Thursday, three sources present told Reuters. Trump raised $12 million from the fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya at Sacks’ home in the swanky Pacific Heights neighborhood. “He said he would be the crypto president,” Trevor Traina, a San Francisco-based tech executive and former Trump ambassador to Austria, told Reuters. The crypto industry is increasingly trying to influence U.S. politicians as it faces heightened scrutiny from regulators, especially since…
Franklin Templeton, a firm managing $1.6 trillion in assets, is considering making investments in altcoins other than Bitcoin (BTC) and Ethereum (ETH). This potential expansion has sparked optimism among market analysts regarding the growth prospects of Shiba Inu (SHIB) and XRP. Franklin Templeton’s Crypto Venture According to an anonymous source familiar with the matter, Franklin Templeton is contemplating launching a new crypto altcoin fund. As revealed by the source, the asset manager may include staking rewards if the proposal eventually pulls through. Franklin Templeton’s new venture into altcoin investment does not come as a shock to the market. The firm…
Franklin Templeton is managing a spot bitcoin ETF that has attracted over $350 million in AUM Reports state that Franklin Templeton, an American investment company managing over $1 trillion in assets, is allegedly considering venturing into cryptocurrency markets other than Bitcoin. Unnamed inside sources have revealed that Franklin Templeton is exploring the possibility of launching a new cryptocurrency fund that will invest in tokens beyond Bitcoin and Ethereum. Franklin Templeton is managing a spot bitcoin ETF that has attracted over $350 million in AUM. This information is based on research conducted using The Block Data Dashboard. Furthermore, the company plans…
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A widely followed crypto analyst says one meme asset that has seen tremendous gains over the last eight months will continue its upward momentum. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 217,000 followers on the social media platform X that memecoin MAGA (TRUMP) will go “berserk” even though it experienced a slight pullback. “TRUMP: this is still one of my bags and this is pulled back to the .50 [fibonacci level], I think I’m going to add to my position around here. Still bullish with this overall narrative going into [the] election and TRUMP will…
Ten years ago, Grammy Award-winning rapper 50 Cent, also known as Curtis Jackson, made a pioneering move that would ultimately cement his status not just as a music mogul but as a visionary investor. By accepting Bitcoin as payment for his album “Animal Ambition,” he opened a new chapter in the intersection of music and cryptocurrency, a decision that has significantly paid off. In 2014, when Bitcoin was still a burgeoning digital currency, few could have predicted its meteoric rise. At that time, the price of one Bitcoin was approximately $662. 50 Cent’s bold strategy to accept this unconventional form…
Toncoin (TON) has defied expectations with a recent price surge that saw it hit a new all-time high (ATH) of $7.78. Toncoin’s recent rise may be attributed to several factors. First on that list is the overall market sentiment, which has suddenly shifted to the bullish side. For the better part of the last three months, the coin has posted little to non-visible recoveries. However, investors may now begin to wonder if this latest surge was just a temporary spike or the start of a prolonged bull run. Why Toncoin (TON) Is Rising Toncoin’s recent rise may be attributed to…
Bitcoin could break past $100,000 by the end of this year as political roadblocks come down, Galaxy Digital CEO Michael Novogratz told Bloomberg TV. “If we take out $73,000 in the next week or so, we’re gonna end the year at $100,000. Somewhere around there or even higher,” the crypto enthusiast said on Tuesday. That indicates a 40% gain from Wednesday’s price $71,500. As for why, Novogratz said that in past weeks, he’s been waiting for two things to catalyze a fresh rally for bitcoin. “More regulatory clarity, which I thought was a low probability at that point, and/or the Fed starting…
This is coming after a previous commitment to purchase $10 million worth of FLOKI tokens a few months ago. As a testament to its unwavering support for the Floki Ecosystem, DWF Labs, a renowned digital asset market maker and multi-stage Web3 investment firm, is making a substantial commitment to purchase $12,000,000 in FLOKI tokens. A portion of the tokens will be acquired from the market, and the rest will be from the Floki treasury. This strategic purchase is aimed at further strengthening Floki’s position in the industry, especially in what is poised to be one of Floki’s most pivotal years…
Stand with Crypto, an advocacy organization for voters who own cryptocurrencies, saw its membership surpass 1 million on Wednesday As crypto backers push politicians to create a new regulatory framework for the digital asset industry while averting more onerous compliance requirements. Brian Armstrong, chief executive of Coinbase, an online platform for buying and selling crypto that helped launch Stand With Crypto last August, said the group’s rapid growth showed the potential voting power of cryptocurrency users. “It’s a much bigger voting bloc than most people probably would have anticipated”. Brian Armstrong, chairman and CEO of Coinbase The cryptocurrency industry is…
