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Podcast here, can listen in one tab, play around the forum in a different tab. 1 hr 8 mins long. Start at the 3 min mark. Lots of different topics discussed here.

The Bitcoin Standard w/ Rep. Thomas Massie​

Jul 1, 2024 The Bitcoin Standard Podcast

US Congressman Thomas Massie has read The Bitcoin Standard and enjoyed it so much he tabled legislation to end the Fed! He joins Saifedean to discuss The Bitcoin Standard, Austrian economics, American politics, AIPAC and much more!


Channel: https://www.youtube.com/@saifedean/videos
 
I wish we had more independent thinkers in the swamp like Rep. Massie.
 

Russian regulator encourages use of crypto to counter sanctions​

ST.PETERSBURG, July 3 (Reuters) - Russia's central bank told businesses they should use "multiple choice solutions" including cryptocurrencies and other digital assets to facilitate payments with foreign partners to counter Western sanctions imposed over the Ukraine conflict.

Russia’s booming trade with China, India, the United Arab Emirates, Turkey and other countries which have not imposed sanctions has suffered major setbacks in the last few weeks.

More:

 
What a journey it's been for crypto. Wasn't that long ago that Russia was discouraging crypto adoption/use in the country. Now they are promoting it to achieve financial liberty. Of course, if they were really serious about it, they would elevate it to legal tender status within the country. That would be wild.
 
Multicoin Pledges up to $1M for Pro-Crypto Senate Candidates

Multicoin Capital, one of the largest U.S. investment firms focused on cryptocurrency, is pledging up to $1 million to support Senate candidates with favorable views of the industry.

The investment manager plans to financially support four Republican candidates – Sam Brown in Nevada, David McCormick in Pennsylvania, Bernie Moreno in Ohio and Tim Sheehy in Montana – through donations to the conservative super political action committee (PAC) Sentinel Action Fund.

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Multicoin Pledges up to $1M for Pro-Crypto Senate Candidates

The investment firm is eager to flip the Senate for Republicans.
www.coindesk.com
 

Bitcoin tanks as Mt. Gox begins repaying creditors: CNBC Crypto World​

Jul 5, 2024 #CNBC #CNBCTV

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Damien Kieran, Worldcoin builder Tools for Humanity’s new chief privacy officer, discusses how he plans to work with regulators around the world to address privacy concerns tied to Worldcoin’s iris scanning technology.

9:26

Chapters:
00:00 - CNBC Crypto World, July 5, 2024
0:22 - Bitcoin and ether tank
1:48 - Damien Kieran of Tools for Humanity
 
Crypto Crash Pushes Fear & Greed Index to Lowest Since Bitcoin Traded at $17K in Early 2023

The widely-followed sentiment metric hit extreme greed levels earlier in March near the local top of the crypto market, but now is pushing its limits in the opposite direction.

  • The Crypto Fear & Greed Index is a popular contrarian indicator to buy and sell, but there could be further downside for bitcoin's price, analysts warned.
  • Seized BTC sales by the German and U.S. governments, and sell pressure from Mt. Gox user refunds create multibillion-dollar overhang, SynFutures' Rachel Lin said.
  • Bitcoin could sink to $50,000 during historically weak months ahead but a Fed interest rate cut in September could ignite a rally, 10x Research's Markus Thieled said.
Crypto investor sentiment cratered to the most negative levels since the tail-end of the 2022 crypto winter as bitcoin's (BTC) plunge below $54,000 pulled down digital asset markets.

The widely-followed Crypto Fear & Greed Index, created by data source Alternative.me, shows market enthusiasm towards bitcoin and other large cryptocurrencies, with 0 being extreme fear and 100 translating to extreme greed.

The gauge dropped to 29 on Friday, its deepest dive into the fear zone since early January 2023 when bitcoin was trading around $17,000 after 2022's crushing bear market.

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Crypto Crash Pushes Fear & Greed Index to Lowest Since Bitcoin Traded at $17K in Early 2023

The widely-followed sentiment metric hit extreme greed levels earlier in March near the local top of the crypto market, but now is pushing its limits in the opposite direction.
www.coindesk.com
 

Inside Wyoming's Bitcoin Mining Frontier: A Tour with Mike​

Jul 6, 2024

21:45
 

Trump's Official Republican Platform Pledges to Halt Crypto 'Crackdown'​

Though not listing it as a top priority, the Republican National Committee adopted a platform that aims to boost digital assets innovation.

Updated Jul 8, 2024 at 4:21 p.m. EDT

  • The Republican National Committee's new policy platform includes an initiative to champion crypto.
  • Former President Donald Trump's party is also committed to opposing a central bank digital currency.
Former President Donald Trump's Republican Party has officially adopted a platform that would seek to support cryptocurrency innovation, according to the document released Monday by the Republican National Committee.

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Trump's Official Republican Platform Pledges to Halt Crypto 'Crackdown'

Though not listing it as a top priority, the Republican National Committee adopted a platform that aims to boost digital assets innovation.
www.coindesk.com

​

 

Update:

It's Not Germany Selling Bitcoin. It's One of Its States and It Has No Choice.​

  • It's not the country of Germany that's been selling millions of dollars worth of bitcoin, but a small German state called Saxony.
  • The state confiscated almost 50,000 BTC in January and has been selling its holdings as per standard practice for assets seized during criminal investigations, an expert said.
For days, news outlets worldwide have reported on Germany's sale of hundreds of millions of dollars worth of bitcoin {{BTC}} and the ensuing distress in markets and major sell-offs in crypto prices.

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Bitcoin soars to two-week high after Trump attack​

SINGAPORE, July 15 (Reuters) - Bitcoin surged to a two-week high on Monday after the attempted assassination of U.S. presidential candidate Donald Trump raised the odds of the former president, who has presented himself as a champion of cryptocurrency, winning the upcoming election.

Trump said he was shot in the ear during the attack at a rally in Pennsylvania on Saturday. His campaign said he was doing well. Some investors said the attack bolstered his chances of winning back the White House and trades betting on his victory are expected to increase this week.

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WSJ

Trump Campaign Reaps $3 Million in Crypto, From Bitcoin to Dogecoin​

Ahandful of crypto bigwigs helped push former President Donald Trump’s cryptocurrency fundraising to $3 million in the second quarter, a sliver of the campaign’s overall haul.

Trump, who received the Republican Party’s official nomination Monday, has increasingly supported bitcoin and other cryptocurrencies in recent months. In May, he became the first major presidential candidate to accept crypto donations. Data released late Monday provided the first glimpse of the success of that move.

Through the end of June, Trump’s supporters donated $1.8 million of bitcoin and $900,000 of ether, the two largest cryptocurrencies. Most of those tokens were immediately sold for dollar-pegged cryptocurrencies. Trump also got $300 worth of dogecoin, a token named for a Shiba Inu-turned-internet-meme with allegedly bad spelling habits, and $100 of shiba inu coin, a separate token that pays homage to the meme.

The crypto donations, recorded in federal campaign filings by two of the Trump campaign’s joint fundraising committees, are just a slice of the $331 million the campaign said it raised during the second quarter across the former president’s fundraising arms. The two PACs—the Trump 47 Committee and the Trump National Committee JFC—transfer their receipts to entities including the Trump campaign, the Republican National Committee, and state GOP committees.

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Trump Odds on Polymarket Hit Another All-Time High After Vance VP Pick

With a millennial running mate, the former president now has a 72% chance of retaking the White House, traders on the crypto-based prediction market are signaling.

Donald Trump's odds of retaking the White House in November hit another all-time high after he picked Sen. J.D. Vance (R-Ohio) as his running mate, traders on the crypto-based prediction market platform Polymarket are signaling.

"Yes" shares for Trump in Polymarket's presidential election contract were trading at 72 cents mid-morning Tuesday New York time, indicating that the market believes the Republican nominee has a 72% chance of victory. Each share pays out $1 if the associated prediction comes true and bupkis if not. Bets are programmed into a smart contract, or software application, on the Polygon blockchain and denominated in USDC, a stablecoin, or cryptocurrency that trades 1:1 for dollars.

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Trump Odds on Polymarket Hit Another All-Time High After Vance VP Pick

With a millennial running mate, the former president now has a 72% chance of retaking the White House, traders on the crypto-based prediction market are signaling.
www.coindesk.com
 

What are the challenges of adopting crypto as a legal tender?​

Cryptocurrencies had an interesting transformation over the years, as they went from being an obscure term to a worldwide phenomenon. Bitcoin is the first digital currency ever created, which has taken the world by storm, by adding a decentralized platform into the world and offering people all the details on how to buy Bitcoin. But can Bitcoin become a legal tender?

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What are the challenges of adopting crypto as a legal tender?

Cryptocurrencies had an interesting transformation over the years, as they went from being an obscure term to a worldwide phenomenon. <a target
menafn.com
 

Russia weighs risk of embracing crypto for international payments​

MOSCOW, July 17 (Reuters) - Russia should accelerate the creation of infrastructure for payments in cryptocurrencies but carefully weigh the associated risks, its money laundering watchdog said on Wednesday, ahead of a parliamentary vote on digital assets legislation.

Russia has faced significant delays in international transactions with major trading partners such as China, India, the United Arab Emirates and Turkey, after local banks, under pressure from Western regulators, have become more cautious.

More:

 
Polymarket Bettors Put Nearly $80M on Biden's Democratic Chances

Market data shows Polymarket bettors called Biden's drop out hours before it was announced.

  • Nearly $80 million was wagered on Polymarket in various contracts about Joe Biden's political future.
  • $51.5 million was at stake on a question regarding Biden's leadership of the Democrats, while $27.5 million was bet on variations of the question as to if he'd drop out of the race.
Nearly $80 million was in play across six bets related to President Joe Biden's status as the Democrat's nominee, according to Polymarket data, excluding specific bets related to the presidency.

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Polymarket Bettors Put Nearly $80M on Biden's Democratic Chances

Market data shows Polymarket bettors called Biden's drop out hours before it was announced.
www.coindesk.com
 

Bitcoin Traders Brace for 'Fat Tails' as Focus Shifts to Trump's Nashville Bitcoin Conference Speech​

Speculation is high that Trump will announce a bigger role for BTC in the financial system, triggering a parabolic rise in the cryptocurrency's price, one observer said.

Updated Jul 22, 2024 at 3:42 a.m. EDT

  • BTC's options market shows increased expectations for fat tails or outliers impacting returns.
  • Speculation is rife that Trump may announce a bigger role for BTC in the U.S. financial system, according to one observer.

Donald Trump's impending appearance at the Nashville Bitcoin conference has traders preparing for fat-tails – extreme or unusual price movements in the leading cryptocurrency.

Activity in the options market listed on Deribit and tracked by Amberdata shows a noticeable increase in the "butterfly index," which measures the volatility of the out-of-the-money (OTM) 25-delta (∆25) call and put options listed at a distance from the going market price of bitcoin {{BTC}] relative to at-the-money (ATM) options closer the spot price. The spike in the index indicates expectations for more extreme market movements.

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Bitcoin Traders Brace for 'Fat Tails' as Focus Shifts to Trump's Nashville Bitcoin Conference Speech

Speculation is high that Trump will announce a bigger role for BTC in the financial system, triggering a parabolic rise in the cryptocurrency's price, one observer said.
www.coindesk.com

​

 
I guess you can't discount the possibility, but this seems like buy the rumor, sell the news pumper hype. Trump will likely just affirm the same rhetoric that he's already said before.
 

Ferrari extends cryptocurrency payment system to Europe after US launch​

MILAN, July 24 (Reuters) - Ferrari (RACE.MI), opens new tab said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars to its European dealers network from the end of this month, after starting in the United States last year.

The Italian company will also extend the scheme by the end of 2024 to other dealers of its international network, in countries where cryptocurrencies are legally accepted, it said in a statement.

More:

 

US-listed crypto stocks jump after Trump's pro-bitcoin speech​

July 29 (Reuters) - Shares of New York-listed cryptocurrency firms gained before the open on Monday after Republican presidential candidate Donald Trump talked up bitcoin and promised friendlier regulation for the industry.

Crypto exchange Coinbase's (COIN.O), opens new tab shares climbed 3.7%, while miners Bitfarms , Riot Platforms (RIOT.O), opens new tab and CleanSpark (CLSK.O), opens new tab were up between 3.4% and 4.5%.

"The crypto market interprets a scenario of a Trump win as more positive for crypto, in view of the Biden administration's strong regulatory crackdown on crypto and pro-bitcoin statements by Trump," Bernstein analysts wrote in a note.

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Russia to allow crypto payments in international trade to counter sanctions​

MOSCOW, July 30 (Reuters) - Russian lawmakers passed a bill on Tuesday that will allow businesses to use crypto currencies in international trade, as part of efforts to skirt Western sanctions imposed after Russia's invasion of Ukraine.

The law is expected to go into force in September, and Russian central bank Governor Elvira Nabiullina, one of the backers of the new law, said the first transactions in cryptocurrencies will take place before the end of the year.

More:

 

Crypto players ready wishlist for potential second Trump administration​

July 31 (Reuters) - When former U.S. president Donald Trump promised a bitcoin conference on Saturday that if reelected he would fire Securities and Exchange Commission Chair Gary Gensler, a crypto skeptic, the crowd roared with delight.

"Wow, I didn't know he was that unpopular," the Republican presidential nominee shouted over the cheers.

Trump, who once derided cryptocurrencies as a "scam," is courting the industry and winning big checks from donors hoping he will swiftly end Gensler's crypto crackdown.

More:

 
U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows

The office of Senator Cynthia Lummis, who proposed the strategic reserve at the Bitcoin Nashville conference on Saturday, shared a draft of the legislation with CoinDesk.

  • The purchase of bitcoin for a new strategic reserve would be financed partly by revaluing Federal Reserve's gold, according to draft legislation from U.S. Senator Cynthia Lummis's office.
  • The plan proposes establishing a "Bitcoin Purchase Program" of up to 200,000 BTC a year over a five-year period.

U.S. Senator Cynthia Lummis's plan for a new Strategic Bitcoin Reserve would finance purchases of the cryptocurrency partly by revaluing gold certificates held by the Federal Reserve System, according to a draft of the legislation obtained by CoinDesk.

More:

U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows

The office of Senator Cynthia Lummis, who proposed the strategic reserve at the Bitcoin Nashville conference on Saturday, shared a draft of the legislation with CoinDesk.
www.coindesk.com
 

Bitcoin swings amid broad sell-off driven by slowing U.S. job growth: CNBC Crypto World​

Aug 2, 2024 #CNBC #CNBCTV

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, CNBC Crypto World takes a deep dive into the integration of two popular technologies: blockchain and artificial intelligence.

11:38

Chapters:
00:00 - CNBC Crypto World, Aug 2, 2024
0:25 - Bitcoin rises
2:20 - Do Kwon's extradition
3:20 - Blockchain and AI
 

Hundreds Of Millions In Crypto Being Wagered On Polymarket​

Aug 3, 2024 Forbes Daily Briefing

Will Taylor Swift get engaged in 2024? Will JD Vance be replaced as veep nominee? Despite its questionable legality, hundreds of millions in crypto are being wagered on events like these on Polymarket.

4:49

Who is Polymarket CEO Shayne Coplan? The 26-year-old’s crypto betting site is taking U.S. politics by storm

Polymarket has hired polling superstar Nate Silver and is now a must-read for politicos. But who is behind it, and what are its business plans?
finance.yahoo.com

Polymarket | The World's Largest Prediction Market

Put your money where your mouth is on politics, sports, crypto, culture & more.
polymarket.com
 
Etherum and crypto getting whacked, Markets will likely be very weak on open. Danger support level here for Eth though.
 
Bitcoin Dips Below $50K as Investors Flee Risk Assets

Ether slumped by the most since May 2021.

Updated Aug 5, 2024 at 4:19 a.m. EDT

  • Ether posted its steepest single-day plunge since May 2021.
  • The crypto fear and greed index flashed "fear" and fell to its lowest level in a month.
  • The CoinDesk 20 Index dropped nearly 20%.

Bitcoin (BTC) extended its slump during Asian trading hours on Monday, plunging below $50,000 before recovering to nearly $53,000, still the lowest level since mid-February, as rising tensions in the Middle East and concerns about the strength of the global economy ate into investor confidence.

The world's largest cryptocurrency fell for a fourth straight day, dropping to as low as $49,112, data from TradingView show. Ether (ETH), the native token of the Ethereum blockchain, sank to as little as $2,060, the least since Jan. 3. The CoinDesk 20 index, which tracks some of the most liquid non-stablecoin tokens, dropped nearly 20%.

More:

Bitcoin Dips Below $50K as Investors Flee Risk Assets

Ether slumped by the most since May 2021.
www.coindesk.com
 
Seems like a potentially good buying opportunity if you think the markets (risk assets) will rise in November should Trump win. OTOH, if the economy poops it's pants, there may be further weakness before the bottom is found.
 

Trump family reportedly working on DeFi platform to address banking access inequality​

(Kitco News) – Presidential candidate Donald Trump continues to woo the crypto crowd, and now his efforts have become a family matter as Donald Trump Jr. has announced plans to launch a new decentralized finance (DeFi) cryptocurrency platform intended to address inequality in banking access.

Details on the platform are scant as it is still in the early stages of development, with Trump Jr. telling listeners during a Thursday Q&A session on the subscription-based platform Locals that he wasn’t launching a memecoin but working on a crypto platform to take on the banks.

“What we’re talking about is a larger type of platform,” that’s very different and not a memecoin, he said. However, he added that it would be a “long time before we can do anything,” and didn’t provide a time frame.

While the finer details have yet to be revealed, one thing is clear: the purpose of the platform will be to challenge the established banking order.

More:

Trump family reportedly working on DeFi platform to address banking access inequality

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
www.kitco.com
 

Bitcoin bounces back above $60,000 as cryptocurrency’s rise continues to end week: CNBC Crypto World​

Aug 9, 2024 #CNBC #CNBCTV

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Ben McMillan, chief investment officer of IDX Digital Assets, weighs in on this week’s volatility and Resy co-founder Ben Leventhal explains how his new web3 project would allow for diners to pay for meals in crypto.

14:53
 
This thread is a bit technical, but interesting look at the evolving technology for blockchain systems:

 
searcher said:
Bitcoin Dips Below $50K as Investors Flee Risk Assets
Click to expand...
If BTC is considered as a risk asset, how can it work as a store of value?
Shouldn't a Store of Value hold its value in a turbulent environment?
 
Peter89 said:
If BTC is considered as a risk asset, how can it work as a store of value?
Click to expand...

Can't speak for anyone else but the only reason I got involved with BTC was for profit.

To that end I owe a big thank you to our host. He posted stuff explaining how to get involved with crypto in a way that made it easy to understand and made me want to look into it. My only regret is that I didn't get involved in when BTC was in it's infancy. Back on #2 there were people who did get involved but no one posted a "how to do."

Read another post here that has made me think about branching out.

My Crypto Experience

I am a gold bug, a silver bug, a precious metals bug. I am also interested in the development of cryptocurrencies. I have dabbled with them mostly as an exercise in curiosity. There is still a lot that I do not know about crypto. However, I have sufficient experience to share a bit of what...
www.pmbug.com

Peter89 said:
Shouldn't a Store of Value hold its value in a turbulent environment?
Click to expand...
Most definitely.
 
Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow

  • Bitcoin fell over 4% to around $58,000, leading to a broader market drop where other major cryptocurrencies like Ether, Solana, Cardano, BNB Chain, and XRP fared slightly better, with losses ranging from 2.5% to 3.8%.
  • The decline came after by the release of U.S. CPI data, despite positive stock market reactions. U.S.-listed spot Bitcoin ETFs saw net outflows, with Grayscale's GBTC being the most affected, while Ether ETFs saw continued inflows, with BlackRock's ETHA notably gaining.

Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow

Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up.
www.coindesk.com
 

Eric Trump previews major Trump Org move into crypto as he charts the family company’s future​

The Trump Organization will be announcing a major new initiative in the coming weeks concerning crypto currency, with company president Eric Trump telling the Post he sees immense promise in the burgeoning technologies — and he’s ready to make use of them in his company’s portfolio.

Rumors began swirling earlier this month when Trump’s younger son posted on X that he had “fallen in love” with the new tech and that his followers should “stay tuned” for a special announcement.

I have truly fallen in love with Crypto / DeFi. Stay tuned for a big announcement…@Trump @realDonaldTrump @DonaldJTrumpJr

— Eric Trump (@EricTrump) August 6, 2024
“It’s digital real estate,” he told The Post in an exclusive interview.

“It’s equitable. It’s collateral anyone can get access to and do so instantly. I don’t know if people realize what a shake up that is for the world of banking and finance. I hope we can help change that.”

More:

 
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