“I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated cryptoassets can facilitate unlawful behaviour, including drug trade and other illegal activity.”

Thankfully, the official position of the Republican Party has changed dramatically since President Donald J Trump condemned the emerging crypto industry in those uncompromising terms back in 2019.

Earlier this month, the Republican National Committee adopted an ambitious platform to promote innovation in the US’ digital assets industry and protect the rights of bitcoin holders.

For one, the official platform pledges that the Republicans will…

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The Bitcoin 2024 conference in Nashville continues today with a packed schedule of high-profile keynotes and discussions on the future of Bitcoin.

Following yesterday’s industry-focused sessions, the main two-day Bitcoin 2024 conference kicks off this morning. Speakers slated for today include Michael Saylor, Cathie Wood, Edward Snowden, Robert F. Kennedy Jr. and more Bitcoin luminaries.

The conference opened with remarks from Tennessee’s Commissioner Stuart McWhorter. MicroStrategy CEO Michael Saylor will deliver a keynote speech on Bitcoin and MicroStrategy.

ARK Invest’s Cathie Wood will speak on macroeconomic trends and Bitcoin’s role. U.S. Senators Cynthia Lummis and Tim Scott will…

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Franklin Templeton and SBI Holdings are teaming up to introduce a spot Bitcoin exchange-traded fund (ETF) in Japan. According to a recent report by Nikkei, the two firms will create a new digital asset management company to prepare for the launch of cryptocurrency ETFs in the country, starting with Bitcoin ETFs.

SBI Holdings will retain a 51% stake in the new joint venture, while Franklin Templeton, recognized as the seventh-largest asset manager globally, will hold the remaining 49%. The initiative is set to move forward once Japan’s Financial Services Agency grants the necessary approvals.

In addition to Bitcoin ETFs, the new company will offer digital asset securities through blockchain technology, focusing on tokenizing various assets such as real estate and government bonds.

The report also highlighted SBI’s ongoing collaborations with international firms to expand its portfolio of alternative asset investment products, indicating a strategic move to diversify offerings in the evolving financial landscape.

Source

MicroBT, a leading innovator in the Bitcoin mining industry, unveiled its latest WhatsMiner M6XS+ series during the Bitcoin 2024 conference in Nashville, TN. The new series, featuring air-cooling, hydro-cooling, and immersion-cooling models, represents a leap forward in renewable mining technology.

Dr. Zuoxing Yang, founder and CEO of MicroBT, highlighted these advancements in his keynote address, emphasizing the company’s commitment to sustainable and efficient mining practices. Renewable mining, according to Dr. Yang, is the future of the industry, with solar mining poised to be at the forefront. He predicted that by 2026, the electricity cost for solar power mining could drop to…

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Former President Donald Trump, now the Republican nominee for the 2024 presidential election, has raised over $4 million through various digital tokens, a campaign aide confirmed to CNBC. The donations include Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, the USDC stablecoin, and a range of meme coins, as detailed in a Federal Election Commission filing.

According to the filing, at least 19 donors contributed more than 2.15 million Bitcoin to Trump’s campaign. These contributors come from 12 states, including several key battlegrounds. Their professions are diverse, spanning homemakers, U.S. military officers, missionaries, painters, pizza sales representatives, and even a security technician with the State Department.

The major contributions came from crypto billionaire twins Tyler and Cameron Winklevoss, who each donated 15.57 Bitcoin, totaling just over $1 million at the time. Due to the contributions exceeding the $844,600 limit, part of their donations were refunded. Additionally, Mike Belshe, CEO of digital asset security firm BitGo, contributed $50,000 in Bitcoin.

CNBC

Jersey City Mayor Steven Fulop has become one of the first local government officials to openly announce an investment in Bitcoin. In a series of recent social media posts, the mayor celebrated Bitcoin’s permanence, announcing his city’s plans to incorporate Bitcoin ETFs into their pension fund. This, indeed, is a bold step following suit from others showing that crypto investments are gaining ground. Fulop celebrated blockchain technology for its revolutionary aspect, just like the internet. In this way, Jersey City potentially becomes, for the US, the first in adopting cryptocurrencies at a municipal level by making sure that pension fund allocations are updated to include digital assets before the end of summer—part of fulfilling his vision of using bleeding-edge technologies in increasing economic resilience. Even though a portion of the population is calling cryptocurrency too volatile, the drive has mostly sparked excitement and cautious optimism in equal measure from both the common man and financial experts. In fact, Fulop’s support does not only give more power to the crypto community but also brings Jersey City into focus as one of the towns that take the lead in this movement toward welcoming technological advancements for future financial planning.

FOR IMMEDIATE RELEASE

MicroStrategy and Bitcoin Magazine Launch “Bitcoin for Corporations” at The Bitcoin Conference

Nashville, Tennessee – July 25, 2024 – In a significant move to further drive corporate Bitcoin adoption, Bitcoin Magazine and MicroStrategy have announced the launch of Bitcoin for Corporations. This strategic partnership aims to provide comprehensive resources and educational content to corporate leaders, underscoring a joint commitment to fostering Bitcoin adoption and education on a global scale. The announcement was made live by Michael Saylor, Co-founder and Executive Chairman of MicroStrategy, on the live desk during the 2024 Bitcoin Conference.

Bitcoin for…

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