Author: Coindesk
In contrast, the Republican campaign has a specific crypto policy, which says it will “end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency”. Also, it promises to “defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets.” Read the full article here
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The Harris campaign has since released its platform, which has emphasis on entrepreneurs, small businesses, and American innovators. While crypto and other technologies are not mentioned by name, the rhetoric and tone used in the platform differs significantly from that of the Biden administration. Since the DNC, both of us have continued to meet with policymakers and candidates from across the political spectrum, and what is remarkable is how similar most conversations are, whether with Democrats or Republicans down the ballot. Read the full article here
That said, Ethereum’s flexibility is valuable for innovation, and its role shouldn’t be diminished. But when securing billions in cross-chain assets, Bitcoin’s proven security model is essential. By anchoring cross-chain tunnels to Bitcoin’s blockchain through mechanisms like Proof-of-Proof (PoP), we can create a system that inherits Bitcoin’s resistance to attacks without modifying its core protocol. Read the full article here
The drama around wrapped bitcoin has energized competitors offering alternative versions of the token, including dlcBTC, Threshold’s tBTC and FBTC, which has the support of Mantle Network. And on Sept. 12, Coinbase, the biggest U.S. crypto exchange and a custodian in its own right, debuted its own wrapped bitcoin competitor, cbBTC. Read the full article here
Shortly after, the latest figures showed a sizable jump in the U.S. M2 money supply in August. The combination of easier China and U.S. monetary policies and rising money supply appeared to be the catalyst for bitcoin’s sustained rise throughout afternoon trading. Gold too, liked the news, jumping 1.4% to yet another record high of $2,690 per ounce. Read the full article here
Her testimony was a “cornerstone” in Bankman-Fried’s conviction, prosecutors said in a sentencing memorandum ahead of Tuesday’s hearing. Bankman-Fried was convicted on all seven counts of fraud and conspiracy he faced, and was sentenced to 25 years in prison earlier this year. He’s now appealing the conviction. Read the full article here
“TrueCoin and TrustToken sought profits for themselves by exposing investors to substantial, undisclosed risks through misrepresentations about the safety of the investment,” said Jorge G. Tenreiro, acting chief of the SEC’s Crypto Assets & Cyber Unit, in a statement. “This case is a prime example of why registration matters, as investors in these products continue to be deprived of the key information needed to make fully informed decisions.” Read the full article here
Kaplan sentenced Ryan Salame, the former CEO of FTX Digital Markets, to more than seven years in prison earlier this year. Like Ellison, Salame pled guilty to criminal charges, but unlike her, he did not testify or provide the same cooperation. He also faced different charges, but his sentence suggests the extreme upper bound for Ellison, if she does go to prison, will be a few years. Read the full article here
The launch of U.S. bitcoin exchange-traded funds on Jan. 11, 2024, has become one of the year’s most significant financial events. These ETFs, including the BlackRock iShares Bitcoin Trust (IBIT), have collectively attracted $17.7 billion in net inflows since their debut, according to Farside data. IBIT, to some, has emerged as a competitor to MicroStrategy (MSTR), a company renowned for its substantial bitcoin holdings and dual business model. Led by Executive Chairman Michael Saylor, MicroStrategy currently holds 252,220 bitcoins, valued at approximately $16 billion. Year-to-date, MicroStrategy’s stock has risen 119% compared to IBIT’s 35%, reflecting a more than threefold outperformance.…