Regulation
Cryptocurrency News Today – July 3, 2024
Welcome to Crypto News Today, your daily digest of the most important events in the cryptocurrency industry.
Novogratz Predicts Positive Cryptocurrency Regulation in the US Regardless of Election Results
Galaxy Digital (TSE: GLXY, OTC: BRPHF) CEO Mike Novogratz predicts favorable U.S. cryptocurrency regulations regardless of the outcome of the upcoming election. He emphasized bipartisan support for cryptocurrency innovation, saying that most U.S. politicians are pro-crypto, with a few exceptions like Elizabeth Warren. Novogratz remains optimistic about the upcoming legislation, highlighting its potential to promote growth and stability in the industry. To learn more, visit the TDR website!
Ethereum ETF Expected to Increase Demand for Ether
Experts predict that the upcoming launch of an Ethereum ETF will significantly increase demand for Ether. This move should attract institutional investors and bring more liquidity to the market.
US Judge Approves Expedited Schedule for ConsenSys’ SEC Case
In a significant legal development, a U.S. judge has approved an expedited program for ConsenSys’s lawsuit against the SEC. This case is being closely watched as it could set important precedents for regulatory clarity in the cryptocurrency space.
Robinhood Launches Cryptocurrency Futures in the US and Europe
Robinhood has announced plans to introduce cryptocurrency futures trading in both the United States and Europe. The expansion is intended to provide more diverse trading options for its users and strengthen its presence in the global cryptocurrency market.
OpenLedger Secures $8M Seed Funding Round Led by Polychain
Blockchain company OpenLedger has successfully raised $8 million in a seed funding round led by Polychain Capital. The funds will be used to improve its technology and expand its market reach.
Bloomberg Analyst: Boomers Are Better HODLers
According to a Bloomberg analyst, Baby Boomers are proving to be more resilient HODLers than younger generations. (HODL is cryptocurrency slang that means to buy and hold indefinitely.) Their long-term holding strategy is helping to stabilize the market during volatile times.
Kraken Considers Nuclear Power for Bitcoin Mining
Crypto exchange Kraken is exploring the use of nuclear energy to power its Bitcoin mining operations. This innovative approach aims to make mining more sustainable and environmentally friendly.
Polkadot’s $245M Treasury Will Last 2 Years at Current Spending Rate
Polkadot’s treasury, which holds $245 million, is expected to support the network’s operations for the next two years at the current spending rate. This financial stability is critical to the continued development and growth of the ecosystem.
Astar Network to Burn 350 Million ASTR Tokens
Astar Network has announced plans to burn 350 million ASTR tokens, representing 5% of its total supply. This token burn aims to reduce the supply and potentially increase the value of the remaining tokens.
Read more cryptocurrency news on the TDR website!