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Opinion piece.

Bitcoin and the Fourth Turning​

Kane McGukin recently wrote an excellent article, "Bitcoin Is Change Management," sharing his reflections on the Bitcoin Conference. From the conclusion:

The message was clear throughout Bitcoin 2024 we are headed for a paradigm shift on the other side of this 4th turning, and the Bitcoin tribe is believed to have the leaders that will shape the culture of our future.

Bitcoin is now mainstream. It's still early in the adoption phase, but the Bitcoin network will be a crucial tool for our future.

How that future is shaped, and Bitcoin's role in our financial system, will depend on which side of the aisle gains control and how they choose to use it. Will it be an asset and means to rebuild our aging energy infrastructure or is it just another monitoring device? Only time will tell.
More:

Bitcoin and the Fourth Turning | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
 

Trump owns more than $1 million in crypto, financial disclosure shows: CNBC Crypto World​

Aug 16, 2024

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, Framework Ventures co-founder Vance Spencer discusses markets, crypto regulation and VC investments in the digital asset space.

13:34

Chapters:
00:00 - CNBC Crypto World, Aug. 16, 2024
0:23 - Bitcoin drops
1:39 - The headlines
4:08 - Framework Ventures’ Vance Spencer
 
I wonder when he acquired it. When was his last financial disclosure (where he presumably had zero crypto)? When he ran 4 years ago?
 
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U.S. Elections-Linked Bitcoin Options Draw Nearly $350M in Open Interest

  • Traders have locked in $345 million in bitcoin options expiring four days after the Nov. 4 elections.
  • Distribution of open interest shows bullish sentiment, according to Wintermute.

Crypto traders speculating on how the impending U.S. elections might affect the digital assets industry have locked millions in bitcoin (BTC) options tied to the event.

The so-called election expiry options, due for settlement four days after the Nov. 4 elections, began trading on Deribit a month ago. As of writing, the notional open interest or the dollar value of the number of active options contracts was $345.83 million, according to data source Amberdata.

More:

U.S. Elections-Linked Bitcoin Options Draw Nearly $350M in Open Interest

Distribution of open interest shows bullish sentiment, according to Wintermute.
www.coindesk.com
 

Wyoming blockchain summit kicks off ahead of Fed’s Jackson Hole meeting: CNBC Crypto World​

Aug 20, 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, Dave Ripley, CEO of Kraken, discusses the launch of the Wyoming Blockchain Symposium and what he expects to hear from experts on the ground.

11:08

Chapters:
00:00 - CNBC Crypto World, Aug. 20, 2024
0:45 - Bitcoin hovers
1:01 - The headlines
2:47 - Dave Ripley of Kraken
 
Opinion piece.

From Chaos to Crypto: The Crecimiento Movement Igniting Argentina

A month-long pop-up in Buenos Aires is showing how crypto can potentially transform an economy from the bottom-up.

Today, Argentina stands on the brink of a technology renaissance. Long a symbol of economic instability, Argentina is now emerging as the world’s testbed for economic transformation, through crypto.

Amid soaring inflation and crippling debt, Argentina is turning to crypto as a tool to stabilize its economy and drive growth. As the U.S. retreats from its leadership role in crypto, Argentina is seizing the opportunity to step into the void.

At the heart of this transformation is the Crecimiento movement uniting crypto believers, entrepreneurs, and innovators working toward sustainable, crypto-driven reform. With a newly-elected President showing interest in crypto’s potential, Crecimiento is harnessing crypto to help reshape the economy, focusing on payments, credit, property, and more.

Crecimiento’s bold vision is coming to life at Aleph, a month-long pop-up city in Buenos Aires where over 2,000 Argentine and global founders, builders, investors, and policy leaders have gathered to launch crypto startups and fuel innovation.

More:

From Chaos to Crypto: The Crecimiento Movement Igniting Argentina

A month-long pop-up in Buenos Aires is showing how crypto can potentially transform an economy from the bottom-up.
www.coindesk.com
 

Bitcoin rises after Fed Chair Powell lays groundwork for interest rate cuts: CNBC Crypto World​

Aug 23, 2024

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, Dennis Kelleher of Better Markets discusses his op-ed encouraging Kamala Harris to reject pressure from the crypto industry. Plus, Wyoming Gov. Mark Gordon discusses the state’s stablecoin project.

18:29

Chapters:
00:00 - CNBC Crypto World, Aug. 23, 2024
0:31 - Crypto prices rise
2:31 - Dennis Kelleher of Better Markets
11:37 - WY Gov. Mark Gordon
 


More:

Trump's Crypto Project Gets Renamed To 'World Liberty Financial,' Warns Community Against Fake Tokens And

Former President Donald Trump’s cryptocurrency project has warned against falling prey to scams and fake tokens linked to its upcoming decentralized finance (DeFi)-based banking venture.
www.benzinga.com
 

The show continues.

How Trump was ‘orange-pilled’ by three bitcoiners in Puerto Rico and the promise of $100 million​

  • Three friends from Puerto Rico have spent months secretly teaching Donald Trump about bitcoin.
  • Trump has adopted an increasingly pro-crypto stance this year, along with a surge in donations and endorsements.
  • The former president’s embrace of bitcoin and crypto culminated in his keynote address in Nashville, Tennessee, at the biggest bitcoin event of the year.
NASHVILLE, Tenn. — A block away from the neon-lit buzz of Lower Broadway, where <redacted - see forum guidelines on epithets>-tonk pours onto the city’s main drag at all hours, stands the Music City Center, a venue that’s hosted everything from craft beer conferences to a performance by the legendary Dolly Parton.

In late July, the complex filled up for something entirely different. It was the biggest bitcoin conference of the year, and the headline act was none other than former President Donald Trump.

For nearly 50 minutes on a Saturday afternoon in the country music capital, the Republican nominee for president extolled the virtues of bitcoin and spelled out what a second Trump administration would mean for the crypto industry to a packed crowd of conferencegoers who’d spent hours getting through the Secret Service’s tight security protocol.

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Didn't read the article, but it seems to me that Trump's 180 on crypto coincided with Vivek Ramaswamy dropping out of the race and joining his team.
 

Nasdaq seeks SEC approval for bitcoin index options​

August 27, 2024 6:54 PM EDT

Aug 27 (Reuters) - Nasdaq (NDAQ.O), opens new tab is seeking the green light from regulators to launch and trade options on a bitcoin index, the exchange operator said on Tuesday.

The U.S. Securities and Exchange commission has yet to approve options based on any of the individual exchange-traded funds tied to spot bitcoin prices that made their debut in January, including a Nasdaq application to trade options on BlackRock's (BLK.N), opens new tab $21.3-billion iShares Bitcoin Trust ETF (IBIT.O), opens new tab.

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Russia Is About to Try Using Crypto to Get Around Sanctions

  • Russia will start its trial of cross-border payments using crypto next week.
  • Recent statements from senior Russian leaders suggest the law’s purpose is to use crypto to counter sanctions.
  • The law hands power to Russia’s central bank to oversee an “experimental” regime.
Russia will begin trialing cross-border crypto payments next week in an effort to circumvent international sanctions – but this effort may not work, several policy and legal experts told CoinDesk.

Legislation passed at the end of July and swiftly signed into law by President Vladimir Putin does not lift an existing ban on using cryptocurrencies as legal tender for regular payments within Russia, but instead allows cross-border payments with crypto.

How the law will allow such payments remains unclear because the legislation doesn’t specify rules for such transactions. Instead it hands power to Russia’s central bank to oversee an “experimental” regime, experts said.

Russia's economy has been hit hard by a suite of sanctions imposed by the U.S. and other nations following its invasion of Ukraine.

More:

Russia Is About to Try Using Crypto to Get Around Sanctions

Experts doubt it will work, given the traceability of blockchains and the risk of even tougher sanctions for Russia.
www.coindesk.com
 
Sounds like Monero about to go to the moon...
 

Ether heads for over 20% loss in August, bitcoin faces fourth weekly loss in five: CNBC Crypto World​

Aug 30, 2024

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, Alex Thorn, the head of firmwide research at Galaxy Digital, discusses crypto’s weak performance in August and where markets could be headed in September.

12:46
 
searcher said:
Trump says plan to make U.S. ‘crypto capital of the planet’ coming within hours
Click to expand...

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Inside the Trump Crypto Project Linked to a $2M DeFi Hack and Former Pick-Up Artist​


Donald Trump and his sons have for weeks teased an upcoming cryptocurrency project, but they've been light on details in public.

Privately, though, the former U.S. president's inner circle has been quietly shopping around a white paper for World Liberty Financial – and CoinDesk has obtained excerpts.

The document and other reporting describe a borrowing and lending service strikingly similar to Dough Finance, a recently hacked blockchain app built by four people listed as World Liberty Financial team members. Other participants include all three of Trump's sons (including 18-year-old Barron, who is identified as the project's "DeFi visionary"), financiers and e-commerce influencers.

According to a person familiar with the plans, the project will also include a new cryptocurrency: WLFI, a non-transferable governance token. A transfer restriction could make the asset difficult for speculators to trade.

More:

 

Robinhood in $3.9 mln settlement with California over crypto withdrawals​

Sept 4 (Reuters) - A cryptocurrency platform run by Robinhood Markets (HOOD.O), opens new tab will pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said on Wednesday.

The civil settlement with Robinhood Crypto is the first public action by Bonta's office against a cryptocurrency company.

Bonta said Robinhood violated California law by failing to deliver cryptocurrencies that its customers had bought, leaving customers unable to withdraw their assets and forcing them to sell the assets to exit the platform.

More:

 
^^^ This is the same issue Fidelity et al are facing by not letting customers transfer crypto they have purchased off of their system. If I were a Fidelity customer that owned crypto in a Fidelty account, I'd contact them and refence that story while asking when Fidelity is going to allow customers full control over crypto assets purportedly owned by customers and held in Fidelity accounts.
 

PayPal pushes into in-person payments with cashback rewards, Apple integration​

Sept 5 (Reuters) - PayPal (PYPL.O), opens new tab is expanding into U.S. point-of-sale payments by integrating its debit card with Apple's mobile wallet and offering 5% cashback rewards, as the global online payments giant seeks direct competition with tech companies and banks.

The bid to grab a slice of in-person purchases at stores, cafes and restaurants is part of an ambitious turnaround strategy by new CEO Alex Chriss who joined the company from Intuit last year.

More:

 

Bitcoin and ether head for second week of losses: CNBC Crypto World​

Sep 6, 2024

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, Hong Fang of OKX breaks down crypto’s recent slide and whether institutional investors are sticking to the sidelines.

14:13

Chapters:
00:00 - CNBC Crypto World, Sept 6, 2024
0:25 - Bitcoin plummets
1:13 - The headlines
5:18 - Hong Fang of OKX
 

Bitcoin nears $60,000 as consumer sentiment hits four-month high: CNBC Crypto World​

Sep 13, 2024

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, Adam Sullivan, CEO of Core Scientific, discusses the company's embrace of AI compute and what the 2024 election could mean for crypto.

11:57

Chapters:
00:00 - CNBC Crypto World, Sept 13, 2024
0:42 - Bitcoin spikes
1:44 - The headlines
4:27 - Core Scientific's Adam Sullivan
 

Bitcoin posts 5.5% weekly gain after rate cut, MicroStrategy increases holdings: CNBC Crypto World​

Sep 20, 2024

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, Greg Benhaim of 3iQ discusses the sentiment for digital assets among investment advisors.

10:10

Chapters:
00:00 - CNBC Crypto World, Sept 20, 2024
0:24 - Bitcoin flat
1:00 - The headlines
3:23 - Greg Benhaim of 3iQ
 
Harris Says Her White House Will 'Invest in America's Future' Which Includes 'Digital Assets'

  • Democratic nominee Kamala Harris has made her first remarks on crypto to donors in NYC during a fundraising dinner.
  • Prediction market Polymarket is giving Harris a significant lead over Donald Trump with over $980 million bet on the platform.
  • Uniswap's Hayden Adams endorsed Harris' remarks in a thread on X.

Vice President and Democratic nominee Kamala Harris made her first remarks on crypto before donors in New York City, according to a report from Bloomberg.

"To build that opportunity economy, I will bring together labor, small business, founders and innovators, and major companies. We will partner together to invest in America's competitiveness, to invest in America's future," Bloomberg quoted Harris as saying. "We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road."

More:

Harris Says Her White House Will 'Invest in America's Future' Which Includes 'Digital Assets'

The Democratic nominee promises she'll be a tech-friendly president in remarks to donors.
www.coindesk.com
 

BlackRock Bitcoin ETF demands 12-hour BTC withdrawals from Coinbase​

The world’s largest asset manager has filed for an amendment for its Bitcoin exchange-traded fund (ETF) following widespread investor concerns over Coinbase’s onchain settlement practices.

BlackRock has filed an amendment to require Bitcoin (BTC) withdrawals within 12 hours from the ETF’s custodian, Coinbase, according to a Sept. 16 filing with the Securities and Exchange Commission (SEC).

BlackRock wrote in the filing:


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PayPal to allow cryptocurrency buying, holding and selling for US merchants​

Sept 25 (Reuters) - PayPal Holdings (PYPL.O), opens new tab announced on Wednesday it is enabling U.S. merchants to buy, hold and sell cryptocurrency from their business accounts.

Cryptocurrency has moved from being a nascent asset class towards greater market acceptance after bitcoin exchange traded funds were approved for listing by the U.S. SEC earlier in the year.

More:

 

Binance founder Changpeng Zhao set for release after four-month prison sentence: CNBC Crypto World​

Sep 27, 2024
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, Kristin Smith of Blockchain Association discusses the impact of the 2024 election on the crypto industry.

10:58

Chapters:
00:00 - CNBC Crypto World, Sept 27, 2024
0:22 - Bitcoin crosses $66,000
0:55 - The headlines
3:26 - Kristin Smith of Blockchain Association
 
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