Crypto News Today – July 17, 2024
Welcome to “Crypto News Today,” your daily summary of the Crypto Industry.
How Governments Bitcoin Holdings Influence the Market
Governments collectively own $32.3 billion in Bitcoin, about 2.5% of the total supply. These holdings, mostly from illegal seizures like the U.S. from the Silk Road and China from the Plus Token scam, have significant market implications. Coordinating management of these assets is crucial to prevent market disruptions and manipulation, fostering a more stable cryptocurrency market. Please read all about it on the TDR Website!
Trump Super PAC Receives Millions from Crypto Industry
A Trump Super PAC has garnered millions in donations from the cryptocurrency industry. This influx of funds underscores the growing political influence of the crypto sector.
Case of Man Falsely Claiming to be a Bitcoin Inventor Referred to CPS
The case of Craig Wright, who falsely claimed to be Bitcoin’s inventor, has been referred to the Crown Prosecution Service (CPS). This development follows years of controversy surrounding Wright’s assertions.
Scammer Returns $9.3M to Victim 10 Months After $24M Heist
In a surprising turn of events, a scammer has returned $9.3 million to a victim nearly ten months after a $24 million heist. The restitution highlights the complexities and occasional unexpected resolutions within the crypto world.
Trump Odds on Polymarket Hit All-Time High After Vance VP Pick
Trump’s election odds on Polymarket have reached an all-time high following his selection of J.D. Vance as his running mate. This boost reflects heightened investor confidence in Trump’s campaign.
Kraken Becomes First Official Crypto Partner of Tottenham Hotspur
Kraken has announced a partnership with Tottenham Hotspur, becoming the first official crypto partner of the football club. This collaboration marks a significant step in mainstream sports embracing cryptocurrency.
Polymarket Taps Nate Silver as Advisor Ahead of US Election
Polymarket has enlisted Nate Silver as an advisor in the lead-up to the US election. Silver’s expertise is expected to enhance the platform’s predictive capabilities and market insights.
Janet Yellen Fears U.S. Sanctions Will Diminish Dollar’s Global Role
According to Forbes, Janet Yellen has said she fears U.S. financial sanctions will reduce the role of the dollar around the world, as Russia encourages the use of bitcoin and crypto.
Read more crypto news on the TDR Website!
