Crypto News Today – July 16, 2024
Welcome to “Crypto News Today,” your daily summary of the Crypto Industry.
Bitcoin Hits $64,900 as Trump Trades Surge
Bitcoin surged 8.6% to $64,900 following Trump’s pro-crypto advocacy and improved election odds, now at a 70% probability of victory on Polymarket. This rally surpassed the 200-day simple moving average, a key indicator for momentum traders. Read all about it on the TDR Website!
South Korea Considers Delaying 20% Crypto Tax
South Korea is contemplating delaying its planned 20% tax on cryptocurrency gains amid growing local pressure. This potential delay aims to address concerns from investors and industry stakeholders.
Bitcoin Miner Northern Data to Issue 10.7M New Shares
Northern Data, a Bitcoin mining company, plans to issue 10.7 million new shares to fund its cloud platform expansion. This decision is expected to bolster their infrastructure and support future growth.
Investors More Bullish on Ethereum Than Bitcoin
A Crypto Derivatives Analytics Report in collaboration with BlockScholes indicates that investors are currently more optimistic about Ethereum than Bitcoin. This shift in sentiment reflects Ethereum’s growing utility and advancements in its ecosystem.
Digital Asset Investment Inflows Hit $17.8 Billion
According to CoinShares data, digital asset investment inflows have reached a record $17.8 billion. This surge highlights increasing institutional interest and confidence in the crypto market.
Fake Developers Flood Crypto Job Boards Amid Bull Market
Amid the ongoing bull market, crypto job boards are seeing a rise in fake developer profiles. This trend underscores the challenges of finding legitimate talent in the rapidly growing DeFi sector.
Read more crypto news on the TDR Website!
