Kamala Harris to consider Gary Peters as running mate: Report

July 29, 2024 Coin Telegraph

Gary Peters joins Gavin Newsom, Pete Buttigieg, JB Pritzker, and Josh Shapiro as potential vice presidential candidates.

According to a new article from Axios, Kamala Harris is reportedly considering Michigan Senator Gary Peters as her running mate in 2024.

The news outlet claimed that the push to consider Peters is coming primarily from labor unions, and the addition of the Michigan Senator could strengthen the Harris ticket in the battleground state.

Axios said Peters is interested in taking the position and is currently trying to bolster support from his fellow Democrats for a potential vice presidential run.

Autonomous Worlds enter the DeFAI era with AI agent-driven ecosystems

RFK Jr: Only Bitcoin can guarantee US dollar’s reserve currency status

July 29, 2024 Coin Telegraph

BTC Markets

Presidential candidate Robert F. Kennedy Jr. heard about Bitcoin from his kids. Now, he believes it should be part of the bedrock of America’s monetary system.

Presidential candidate Robert F. Kennedy Jr., also known as RFK, believes policymakers in the United States are quickly realizing that Bitcoin is “inevitable” and are scrambling to develop a coherent digital asset strategy that will preserve America’s fiscal dominance.

In an exclusive interview with Cointelegraph at the 2024 Bitcoin Conference in Nashville, Tennessee, RFK Jr. described his Bitcoin journey in greater detail before discussing the role BTC should play in the country’s monetary system.

The presidential candidate, who dropped his Democratic affiliation last October to run as an independent, said he realized the importance of Bitcoin’s “transactional freedom” during the trucker strike in Canada.

Autonomous Worlds enter the DeFAI era with AI agent-driven ecosystems

Trump won’t sell US BTC if elected, what about seized assets?

July 28, 2024 Coin Telegraph

bitfinex

Questions abound concerning the Bitfinex and Silk Road funds if Trump is re-elected.

Donald Trump intends to make the United States the crypto capital of the planet. The former president promised this and more during a rousing speech given at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27. But some of the Republican candidate’s comments may have been cause for consternation among cryptocurrency advocates.

While Trump’s speech largely centered on Bitcoin and the community surrounding it being a positive force for America, he did lay out some specifics. Chief among his promises was that the US wouldn’t part with its current Bitcoin stockpile, if he's re-elected.

Per Trump:

Autonomous Worlds enter the DeFAI era with AI agent-driven ecosystems

Bitcoin wobbles as Trump delivers pro-crypto conference speech

July 27, 2024 Coin Telegraph

Bitcoin Price

The 45th president of the United States caused some minor ripples throughout the cryptocurrency market with his speech at Bitcoin 2024.

Donald Trump’s keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee didn’t act as the whale call some analysts may have predicted, but its impact may yet be felt as word gets out.

The former president laid out his plans to end the war on crypto to thunderous applause as he told the US audience his plans, were he to be re-elected. While the crowd was jazzed, the markets failed to capture the Republican nominee’s supporters’ anticipation.

Approximately one hour before Trump was scheduled to take the stage, the price of Bitcoin stood at $68,626. Leading up to the event, with just 30 minutes to go, we saw a jump of nearly $500 in the positive direction but, by the time the speech was slated to start, it had retreated back to $68,286.

Autonomous Worlds enter the DeFAI era with AI agent-driven ecosystems

Trump to end war on crypto if elected, says US will be ‘crypto capital of the world’

July 27, 2024 Coin Telegraph

Coin Telegraph

The former and prospective United States president made the announcement at the Bitcoin 2024 conference in Nashville, Tennessee.

Former United States president and current Republican candidate Donald Trump announced his intent to make the United States the crypto capital of the world, if elected in November.

After taking the stage an hour late, Trump addressed the crowd at the Bitcoin 2024 conference in Nashville, Tennessee, Trump said that he had great respect for the Bitcoin community, adding that “this is like the steel industry” when it was young.

He told the crowd he had "great respect for the Bitcoin community", adding that “this is like the steel industry” when it was young.

Autonomous Worlds enter the DeFAI era with AI agent-driven ecosystems

US senate hopefuls look for crypto bump at Bitcoin 2024

July 27, 2024 Coin Telegraph

Coin Telegraph

The panel was a referendum on Elizabeth Warren and what happens if we don’t elect the right senators

A trio of US senate hopefuls took to the stage at Bitcoin 2024 on Saturday, July 27, with the aim of touting their crypto-friendly policies in front of potential voters in Nashville.

The discussion was hosted by former US Representative David McIntosh, co-founder of conservative political groups the Federalist Society and Club for Growth.

Among the hopefuls were Bernie Moreno, the GOP nominee US senate in the Ohio race where incumbent Sherrod Brown has been installed since 2007, Sam Brown, running for US senate in Nevada against incumbent Jacky Rosen, and Detroit-born John Deaton who’s taking on Elizabeth Warren in the Massachusetts’ race.

Autonomous Worlds enter the DeFAI era with AI agent-driven ecosystems

SEC approves Grayscale Bitcoin Mini Trust for Trading on NYSE Arca

July 26, 2024 Coin Telegraph

bitcoin etf

Grayscale must await final regulatory signoff on its registration filing before listing the fund

The United States Securities and Exchange Commission (SEC) approved Grayscale’s newest spot Bitcoin (BTC) exchange-traded fund (ETF) — Grayscale Bitcoin Mini Trust (BTC) — for listing on the New York Stock Exchange’s (NYSE) Arca electronic trading platform, according to a July 26 filing.

The approval is an important milestone for Grayscale, which announced plans on July 19 to spin off a portion of its flagship Bitcoin fund, Grayscale Bitcoin Trust (GBTC), into the new Mini Trust.

“Grayscale is excited to share that the [SEC] has approved NYES Arca's Form 19b-4 application to list and trade shares of Grayscale Bitcoin Mini Trust (proposed ticker: BTC),” a spokesperson told Cointelegraph in an email.

Autonomous Worlds enter the DeFAI era with AI agent-driven ecosystems

No BTC strategic reserve announcement from Sen. Lummis—Bitcoin 2024

July 26, 2024 Coin Telegraph

Bitcoin mining

Senator Lummis recently authored a report highlighting the benefit of the Bitcoin mining industry and denouncing Biden's proposed 30% tax.

Senator Cynthia Lummis delivered her highly anticipated address at the Bitcoin 2024 conference in Nashville alongside Senator Tim Scott. However, the presentation did not feature the rumored introduction of legislation establishing Bitcoin as a strategic reserve asset of the United States.

The Wyoming Senator criticized the Securities and Exchange Commission (SEC) for regulating the industry through enforcement action rather than the rule of law, before shifting her focus back to the government control of money and touting the Republican Party's revised platform protecting digital asset ownership and custody.

Lummis, a longtime ally of the crypto industry, and Scott also touched on the role the Bitcoin mining industry plays in seeking out novel forms of energy and strengthening the United States' critical energy infrastructure, a recurring theme at this year's conference.

Autonomous Worlds enter the DeFAI era with AI agent-driven ecosystems

Blackrock foresees “very little interest” in crypto ETFs beyond Bitcoin, Ethereum — Bitcoin2024

July 25, 2024 Coin Telegraph

Analysis

Clients see Bitcoin and Ethereum as complements, not substitutes, in crypto portfolios, according to Blackrock's head of digital assets.

Asset manager Blackrock sees “very little interest” among clients in crypto beyond Bitcoin (BTC) and Ethereum (ETH) and doesn’t foresee many crypto exchange-traded funds (ETFs) outside of those two core digital assets, according to Robert Mitchnick, BlackRock’s head of digital assets, speaking at the Bitcoin2024 conference on July 25 in Nashville, Tennessee.

“I would say that our client base today, their interest overwhelmingly is in Bitcoin first, and then somewhat in ETH… and there’s very little interest today beyond those two,” Mitchnick said at a panel entitled From Strategy to Innovation: BlackRock's Bitcoin Journey.

“I don't think we're gonna see a long list of crypto ETFs,” Mitchnick said. Blackrock launched its first crypto exchange-traded funds — iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust ETF (ETHA) — in January and July, respectively.

Autonomous Worlds enter the DeFAI era with AI agent-driven ecosystems

VanEck says Bitcoin could hit $2.9 million per coin by 2050

July 25, 2024 Coin Telegraph

VanEck says Bitcoin could hit .9 million per coin by 2050

Analysis

Bitcoin Layer-2s could be collectively worth around $7.6 trillion, the report added.

Investment manager VanEck foresees Bitcoin (BTC) potentially hitting $61 trillion in total market capitalization — or some $2.9 million per coin — in 2050 as a result of massive demand for the decentralized currency as collateral for trade settlement and a reserve for central banks, according to a July 24 report.

“It is conceivable that by 2050 Bitcoin could be used to settle 10% of the globe’s international trade and 5% of the world’s domestic trade,” VanEck said in the report. “This scenario would result in central banks holding 2.5% of their assets in BTC.”

VanEck adds that scaling solutions for Bitcoin’s blockchain network — Bitcoin Layer-2s — could collectively be worth approximately $7.6 trillion, or around 12% of BTC’s total value.

United States

Share this video