Democratic presidential candidate Kamala Harris is reportedly adding an ex-Binance adviser to her campaign team. According to a new report by Politico, the Harris campaign has hired David Plouffe – an ex-political advisor to former President Barack Obama who once served on Binance’s Global Advisory Board. An anonymous source familiar with the matter tells Politico […]
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The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.
On July 23, Senator Cynthia Lummis released a report arguing against the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners.
The report, titled Powering Down Progress: Why A Bitcoin Mining Tax Hurts America, put the Bitcoin (BTC) mining industry into sharper focus, highlighting the benefits of the critical mining infrastructure to the United States' energy grid.
Lummis cited the Bitcoin Energy and Emissions Sustainability Tracker as evidence that Bitcoin mining is cleaner than is commonly imagined, noting that up to 52.6% of BTC mining might be emissions-free.
Traders on the crypto betting platform Polymarket are giving President Joe Biden about a four in 10 odds that he won’t finish his term. The latest data from Polymarket shows that there is a 61% chance that Biden will hold on to his presidency until the completion of his term on January 20th, 2025. Says […]
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“Over 50 million Americans own crypto,” the advocacy letter states while calling on Kamala Harris to deviate from the Democrats’ current party line.
The Digital Chamber penned an open letter to United States Vice President Kamala Harris on July 22 advocating for a more crypto-friendly stance and industry engagement from the potential Democrat nominee, should she secure the party’s 2024 presidential nomination.
The Digital Chamber’s letter outlines three actionable points for a potential Harris campaign, including support for digital assets in the Democrat Party’s platform, a vice presidential candidate “sophisticated” in digital asset policy, and lines of communication between the presumptive candidate’s campaign and industry leaders.
After weeks of speculation, a letter was posted to President Joe Biden’s X social media account on July 21, announcing that the incumbent was dropping out of the 2024 presidential race. This development was hotly contested in predictive markets.
Biden’s sudden move to abandon the 2024 presidential race could be a “huge boost” for crypto assets, but it may be too soon to get excited about a massive crypto rally.
United States President Joe Biden shocked the markets when he ended his reelection bid on Sunday, July 22.
Some analysts suggested that the president’s withdrawal from the election race could benefit Bitcoin (BTC) and other crypto assets in the coming months, while others cautioned that investors should temper their excitement for now.
The price of Bitcoin immediately dipped as much as 2.8% following the announcement, touching the $65,800 mark, but it quickly regained over 3.6% by the time of publication, according to TradingView data.
On July 21, 2024, a Sunday evening around 8:30 p.m. Eastern Time, presidential meme coins experienced notable fluctuations. A Solana-based meme token called kamala horris (KAMA) surged over 78% within 24 hours, while crypto coins linked to the Biden family saw a steep decline. This dramatic volatility followed Joe Biden’s announcement that he would be […]
Residents of Silicon Valley have been boarding the Trump train, and Trump's speech at the RNC illustrated some of the reasons.
Former President Donald Trump’s speech before the Republican National Convention (RNC) gave a subtle hint of his potential openness to embracing the tech industry. It was brief — just a few words in the middle of his 90-minute speech. If you blinked, you missed it. But they were important. “America,” Trump said, “is on the cusp of a new golden age, but we will have the courage to seize it.”
Those in the “e/acc” community, a tech-focused movement embraced by Marc Andreessen and Gary Tan, took notice. One of the movement’s founders, an anonymous social-media user called "@BasedBeffJezos," shared a clip of Trump’s remarks and asked his followers, “Can you feel the acceleration anon?”
One thing is for sure. The GOP is down with Bitcoin (BTC). Earlier this summer, after meeting with industry representatives, Trump said he wants all future Bitcoin to be mined in the U.S. The official Republican platform states that the party “will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.”
United States President Joe Biden has announced he will bow out of the 2024 presidential election.
United States President Joe Biden has officially withdrawn from the 2024 Presidential election, just four months before election day.
In a July 21 statement, Biden didn’t cite his reasons for stepping down, instead merely claiming that it was in the "best interest of my party and my country." His absence leaves the Democrats to face the 2024 election day, set for Nov. 5, without his candidacy.
The ongoing speculation about Biden potentially stepping down has led some to predict his vice president, Kamala Harris, as a likely replacement. However, no replacement has been officially confirmed yet.
With Joe out of the race, all bets are off.
The vice president of the United States, Kamala Harris, is a bit of an anomaly among Capitol Hill politicians: she’s never had strong words to say for or against digital currencies, tokenization, blockchain, or NFTs.
None of that has mattered for the past four years as US president Joseph Biden has had plenty to say about crypto during his stay in the White House.
But that’s all changed since Biden announced his intent to drop out of the upcoming presidential election. While there’s no guarantee that his vice president will get the democratic nomination, he’s already given Harris his endorsement.
Following the announcement that President Joe Biden will withdraw from the 2024 election, the prediction market Polymarket now indicates an 81% probability that Vice President Kamala Harris will be the Democratic nominee at the upcoming national convention. Polymarket Shows Kamala Harris as Democratic Favorite On Sunday afternoon, President Biden declared he would not seek re-election […]