Regulation
Crypto News Today – July 3, 2024
Welcome to “Crypto News Today,” your daily digest of important events in the crypto industry.
Novogratz Predicts Positive Cryptocurrency Regulation in US Regardless of Election Outcome
Mike Novogratz, CEO of Galaxy Digital (TSE: GLXY, OTC: BRPHF), anticipates U.S. regulation that is favorable to cryptocurrencies regardless of the outcome of the upcoming election. He highlighted bipartisan support for cryptocurrency innovation, saying that most U.S. politicians are pro-cryptocurrencies, with a few exceptions like Elizabeth Warren. Novogratz remains optimistic about future legislation, noting its potential to foster growth and stability in the sector. Read all about it on the TDR website!
Ethereum ETF Expected to Boost Demand for Ether
Experts predict that the upcoming launch of an Ethereum ETF will significantly boost demand for Ether. The move is expected to attract institutional investors and bring more liquidity to the market.
U.S. Judge Approves Expedited Schedule for ConsenSys Trial Against SEC
In a significant legal development, a U.S. judge has approved an expedited timeline for ConsenSys’ lawsuit against the SEC. The case is being closely watched as it could set important precedents for regulatory clarity in the crypto space.
Robinhood to launch cryptocurrency futures in US and Europe
Robinhood has announced plans to introduce cryptocurrency futures trading in the United States and Europe. The expansion aims to provide more diverse trading options to its users and strengthen its presence in the global cryptocurrency market.
OpenLedger Secures $8 Million in Funding 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 commercial reach.
Bloomberg Analyst: Baby Boomers Are Better Asset Holders
According to a Bloomberg analyst, baby boomers are proving to be more resilient HODLers than younger generations (HODL is a crypto slang term that means buy and hold indefinitely). Their long-term holding strategy helps keep the market stable during volatile periods.
Kraken Considers Nuclear Power for Bitcoin Mining
Cryptocurrency 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 $245 million treasury is expected to support the network’s operations for the next two years, given the current spending rate. This financial stability is essential for the continued development and growth of the ecosystem.
Astar Network to Destroy 350 Million ASTR Tokens
Astar Network has announced plans to burn 350 million ASTR tokens, or 5% of its total supply. This token burn is intended to reduce supply and potentially increase the value of the remaining tokens.
Read more cryptocurrency news on the TDR website!