El Salvador’s pro-Bitcoin President Nayib Bukele began a new five-year term, with the crypto industry applauding his leadership as he positions the country as a “world leader.”
Read more on Cointelegraph
- Crunch
- Global
The American Bankers Association claims that United States President Joe Biden’s move will “harm investors, customers, and ultimately the financial system.”
Read more on Cointelegraph
The United States Securities and Exchange Commission “is serious about the destruction of digital assets,” according to cryptocurrency exchange Coinbase.
Read more on Cointelegraph
In a historic move, Donald Trump has become the first American President to accept Bitcoin Lightning Network payments for campaign donations. The announcement marks a significant step in the integration of Bitcoin into mainstream politics, highlighting Trump’s commitment to advancing the future of Bitcoin in the United States.
Trump’s campaign has partnered with OpenNode, a leading Bitcoin and Lightning Network infrastructure provider, to facilitate these donations. Supporters can now contribute to Trump’s 2024 presidential campaign using Bitcoin via the Lightning Network, a technology designed to enable fast and low-cost transactions.
Last weekend, while speaking at a Libertarian Party…
Read more on BitcoinMagazine
It’s unclear why the two companies have partnered up, but the scheme comes amid Apple’s push to dominate the “spatial computing” market.
Read more on Cointelegraph
El Salvador’s President Nayib Bukele secures unprecedented support for his second term, starting this Saturday. His administration, bolstered by an 85% electoral victory and a dominant legislative majority, is pioneering Bitcoin as legal tender, a world-first strategy to revitalize the nation’s economy. Despite the risks of cryptocurrency volatility, with Bitcoin’s price swings from $16,000 to $73,797, Bukele’s initiative aims to attract global investment and enhance financial inclusivity.
This bold move coincides with Bukele’s crackdown on crime, which has restored societal stability and buoyed his popularity, making him Latin America’s most admired leader. The adoption of Bitcoin is set against significant economic challenges, as El Salvador grapples with a public debt of over $30 billion. However, Bukele maintains that Bitcoin’s benefits, like lower remittance fees, outweigh the potential risks.
As Bukele begins his term with a promise of prosperity, the world watches El Salvador’s economic experiment with keen interest. His strategy could influence other nations contemplating cryptocurrency adoption, marking a significant moment in global economic policy.
BIGCAP COINS:
- Pepe: Market Cap of $6.6 Billion.
- Bitcoin: Market Cap of $1.3 Trillion.
- Solana: Market Cap of $77.1 Billion.
MIDCAP COINS:
- Notcoin: Market Cap of $1.3 Billion.
- Super Trump: Market Cap of $28.1 Million.
- cat in a dogs world: Market Cap of $389 Million.
RISING COINS:
- MAGA: Market Cap of $170 Million.
- Mog Coin: Market Cap of $582 Million.
- Apu Apustaja: Market Cap of $188 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
Join CryptoCrunchApp on Telegram Channels – Click to Join
President Joe Biden’s recent veto of a bill intended to overturn SEC’s cryptocurrency accounting guidelines has sparked controversy. Pro-crypto Senator Cynthia Lummis criticized the move, highlighting a missed chance to align with the pro-crypto sentiment in Congress. She emphasized her commitment to continue advocating for crypto assets despite the administration’s resistance.
Hours before the veto, Lummis had urged Biden in a letter to consider the support for cryptocurrency innovation shown by the recent bipartisan Congressional vote. She expressed concerns that the SEC bypassed traditional rulemaking processes, which could stifle financial innovation and protection for crypto holders.
The crypto community has received bolstered support from other lawmakers as well, including Senator Ted Cruz who announced his own venture into Bitcoin mining, signaling growing Congressional endorsement for the cryptocurrency sector.
OpenAI is pulling out all the stops to ensure that everyone is using its ChatGPT services.
Read more on Cointelegraph
Soccer megastar Cristiano Ronaldo released another set of NFTs on Binance this week, marking his fourth collection since partnering with Binance in mid-2022.
The NFTs give holders the chance to meet Ronaldo, as well as access to exclusive content, per Binance’s website. The drop also comes a few weeks after a Florida judge denied Ronaldo’s legal team’s motion to have a $1 billion class action lawsuit dismissed stemming from his promotion of the crypto exchange, Newsweek reported.
The lawsuit says Ronaldo was not forthcoming about aspects of the promotion, and he essentially aided Binance in the sale of unregistered currencies.
Ronaldo’s continued involvement with Binance and…
Read more on Blockworks