Blockchain
Cryptocurrency News Today – July 4, 2024
Welcome to Crypto News Today, your daily digest of the most important events in the cryptocurrency industry.
Joe Biden’s Replacement Memecoins Skyrocket as Dropout Speculation Increases
Speculation that President Joe Biden may withdraw from the 2024 race has increased following a New York Times report, with Polymarket’s odds jumping from 55% to 80%. This has led to a significant increase in the value of meme coins tied to potential Biden successors. Despite the White House’s denials, the rumors continue to drive market volatility and investor interest in these politically themed cryptocurrencies. To learn more, visit the TDR website!
IOTA Foundation Funds New Lab at Imperial College London
Imperial College London has launched a new blockchain research lab, supported by a £1 million grant from the IOTA Foundation. The lab aims to advance the development of distributed ledger technologies and drive innovation in the blockchain space.
Court Orders $84M Returned from Crypto Ponzi Scheme
A U.S. federal court has ordered Sam Ikkurty and his company, Jafia LLC, to pay $84 million for operating a crypto Ponzi scheme. The ruling aims to compensate defrauded investors and restore confidence in financial markets.
Bitcoin Volatility and Bold Predictions
Bitcoin price has fallen below $61,000, but some traders remain bullish, predicting that it could still reach $150,000 by the end of the year. The market continues to be highly volatile, influenced by various macroeconomic factors and investor sentiment.
Miners capitulate as Bitcoin bottom nears
CryptoQuant reports that Bitcoin miners are capitulating, a sign often indicative of a market bottom. This trend is reminiscent of the miner behavior observed during the FTX implosion, suggesting a potential impending stability or rebound in the price of Bitcoin.
Predicting the Next President Using Decentralized Markets
Decentralized markets are being used to predict the outcome of the upcoming U.S. presidential election. From Biden to Trump, these markets are leveraging blockchain technology to provide insights and potentially profit from political predictions.
Read more cryptocurrency news on the TDR website!