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Donald Trump uses Bitcoin to buy burgers at NYC bar

Pubkey, a Bitcoin bar in New York City, hosted the former US President and 2024 Republican nominee for a campaign stop on Sept. 18.

Republican Party presidential nominee Donald Trump appeared in a New York City bar and restaurant famous for accepting Bitcoin, becoming the first former US president to use the cryptocurrency in a transaction. 

According to a Sept. 18 X post by Pubkey, Trump used Bitcoin (BTC) to purchase hamburgers at the NYC bar. BTC advocate and Professional Capital Management CEO Anthony Pompliano was in attendance at the campaign stop, which was also reported on Trump’s Truth Social account. 

The event came less than two days after the Republican nominee announced the launch of a token through the World Liberty Financial crypto platform, run by members of his family. Despite once calling Bitcoin a “scam” and crypto “based on thin air,” Trump has advocated for BTC miners as part of his 2024 campaign and spoken at the Bitcoin 2024 conference in Nashville.

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Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Circle CEO Jeremy Allaire Says US at Turning Point and About To Become Decisive Leader in Building Crypto

Circle CEO Jeremy Allaire Says US at Turning Point and About To Become Decisive Leader in Building Crypto

Circle CEO Jeremy Allaire says that the US is on the cusp of becoming a global leader in crypto innovation and development. In a new thread on the social media platform X, the co-founder of the USDC stablecoin issuer says that the US is nearing a “turning point” where the government is no longer hostile toward […]

The post Circle CEO Jeremy Allaire Says US at Turning Point and About To Become Decisive Leader in Building Crypto appeared first on The Daily Hodl.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Stablecoin Crypto Giant Circle Moves Headquarters to New York City

Stablecoin Crypto Giant Circle Moves Headquarters to New York City

The chief executive of stablecoin issuer Circle (USDC) says that the firm is moving its headquarters to New York City. In a new thread on the social media platform X, Circle CEO Jeremy Allaire says that the company is moving to New York from Boston to immerse itself in the world of Wall Street as […]

The post Stablecoin Crypto Giant Circle Moves Headquarters to New York City appeared first on The Daily Hodl.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Judge orders ex-FTX exec to appear after request to vacate guilty plea

Despite withdrawing a petition to void his guilty plea, Ryan Salame must appear in a New York courtroom on Sept. 12 as scheduled.

A federal judge has ordered former FTX Digital Markets co-CEO Ryan Salame to appear for a hearing despite withdrawing a request to vacate a guilty plea.

In an Aug. 29 filing in the United States District Court for the Southern District of New York, Judge Lewis Kaplan said Salame was required to appear in court on Sept. 12 as part of the conditions of his release on bail. He was initially scheduled to report to prison to serve a 90-month sentence starting on Aug. 29 but received a delay to Oct. 13 after reporting medical complications because of a dog bite.

On Aug. 21, the former FTX executive’s legal team filed a petition to have the court vacate his guilty plea, alleging authorities agreed not to pursue an investigation into his partner, Michelle Bond. However, after prosecutors unsealed an indictment for campaign finance law violations against Bond on Aug. 22, Salame withdrew his petition and said a ruling on the matter could be made in her case. 

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Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Democratic incumbent targeted by crypto Super PAC ads loses primary

Millions of dollars from political action committees may have contributed to challenger George Latimer’s defeat of incumbent Jamaal Bowman in a June 25 Democratic primary.

Update (June 26 at 6:07 pm UTC): An earlier version of this article incorrectly stated that Shomari Figures won a primary in the state of California. It has been corrected to a primary in Alabama.

Jamaal Bowman, a House Representative for New York’s 16th Congressional District, has lost the Democratic primary, which could have allowed him to keep his seat in 2025.

According to a June 26 projection from NBC News, Democratic challenger George Latimer will defeat Bowman by roughly 58%–42%, with 84% of the vote reporting at the time of publication. The Fairshake political action committee (PAC) spent more than $2 million on a media campaign opposing Bowman’s reelection — not attacking his record on voting against pro-crypto bills, but claims of “pushing dangerous conspiracy theories.”

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Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Crypto Super PAC spends $2M on attack ad targeting NY lawmaker

Democratic Representative Jamaal Bowman in New York’s 16th Congressional District has voted against three pro-crypto bills in the last 30 days.

The Fairshake group, a political action committee (PAC) backed by crypto firms including Ripple and Coinbase, has spent more than $2 million opposing the incumbent in the Democratic primary for New York’s 16th Congressional District.

According to United States Federal Election Commission data, Fairshake spent more than $2 million on a media campaign opposing Democratic Representative Jamaal Bowman’s reelection. As of June 16, outside interest groups had contributed roughly $9 million opposing Bowman, who is facing off against Democrat George Latimer in a June 25 primary. 

The Fairshake attack ad, which does not specifically mention crypto or blockchain, claimed Rep. Bowman spent his career “pushing dangerous conspiracy theories.” In response to earlier opposition ads funded by a different Super PAC, high-profile Democratic lawmakers including Senator Bernie Sanders, Senator Elizabeth Warren and Alexandria Ocasio-Cortez backed Bowman’s reelection.

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Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services

Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto ServicesAccording to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland, a trading desk that provides institutional over-the-counter (OTC) liquidity for numerous cryptocurrencies, now holds a Bitlicense. This business […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

New York Attorney General Reaches $50,000,000 Settlement With Crypto Exchange Gemini Over Fraud Allegations

New York Attorney General Reaches ,000,000 Settlement With Crypto Exchange Gemini Over Fraud Allegations

New York Attorney General Letitia James is settling with crypto exchange Gemini over fraud allegations for $50 million. In a new press release, James says she’s recovered $50 million worth of digital assets on behalf of 230,000 investors allegedly defrauded through Gemini’s Earn program, which had the firm partnering up with crypto lender Genesis to […]

The post New York Attorney General Reaches $50,000,000 Settlement With Crypto Exchange Gemini Over Fraud Allegations appeared first on The Daily Hodl.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

New York Attorney General Sues Two Crypto Companies for Alleged $1,000,000,000 Pyramid Scheme

New York Attorney General Sues Two Crypto Companies for Alleged ,000,000,000 Pyramid Scheme

The Attorney General of New York is suing two crypto firms for their alleged role in a $1 billion pyramid scheme. In a new press release, New York AG Letitia James announces a lawsuit against crypto exchange NovaTech and crypto mining company AWS Mining for allegedly defrauding hundreds of thousands of customers, 11,000 of which […]

The post New York Attorney General Sues Two Crypto Companies for Alleged $1,000,000,000 Pyramid Scheme appeared first on The Daily Hodl.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants

New York Cracks Down on Crypto Pyramid Schemes Targeting ImmigrantsNew York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies targeted vulnerable immigrant communities, particularly Haitians, with false promises of high returns. NYAG Letitia James Takes Action Against Crypto […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin