Crypto News Today – July 25th, 2024
Welcome to “Crypto News Today,” your daily summary of the Crypto Industry.
- Kamala Harris can rebuild trust between the crypto industry and the Biden administration by addressing regulatory concerns and fostering innovation. Meanwhile, Donald Trump’s newfound support for crypto contrasts with his previous opposition, reflecting a shift in the political landscape. Read all about it on the TDR Website!
- Coinbase Asset Management plans to launch a tokenized money market fund, following the success of BlackRock’s BUIDL. This new fund aims to capitalize on the growing interest in blockchain-based financial products, targeting the same market that saw BlackRock’s fund rapidly gain significant assets under management.
- Senator Lummis argues that the U.S. doesn’t need a tax on crypto mining, claiming it would stifle innovation and drive the industry overseas. She emphasizes the economic benefits of supporting the crypto mining sector domestically.
- Bitstamp will start distributing Bitcoin, Bitcoin Cash, and Ethereum to Mt. Gox creditors by July 25. This is part of compensating victims from the 2014 Mt. Gox hack.
- MonoSwap, a decentralized exchange, has been hacked, prompting users to withdraw their funds. The breach happened when a MonoSwap developer installed a harmful application while on a call with a scammer pretending to be a venture capitalist.
- Proton has introduced a self-custodial Bitcoin wallet, giving users full control over their funds. This enhances security by allowing individuals to manage their own private keys.
- Polymarket and MoonPay are partnering to enable bank transfers and credit card payments on Polymarket’s platform. This integration will simplify the betting process by allowing users to fund their accounts without purchasing stablecoins from exchanges.
- Backed and Lisk have formed a partnership to promote the adoption of tokenized real-world assets (RWA) in emerging markets. Their collaboration will utilize Lisk’s blockchain technology and Backed’s expertise in RWA to expand financial access and opportunities in these regions.
Read more crypto news on the TDR Website!
