Crypto News Today – July 9th, 2024

Welcome to “Crypto News Today,” your daily summary of  the Crypto Industry.

Bitcoin Declines Amid German Government Asset Movement

Bitcoin prices fell as the German government moved another $500 million in assets, contributing to market volatility. This move is part of ongoing asset relocations impacting Bitcoin’s market stability​. Read all about it on the TDR Website! 

Riot Blockchain Launches New Website

Riot Blockchain (NASDAQ: RIOT) has launched a new website, www.abetterbitfarms.com, aimed at enhancing transparency and providing detailed insights into their operations. This initiative is part of their effort to improve investor relations and market presence​​.

Bitfarms Appoints New CEO

Bitfarms (NASDAQ: BITF) has appointed Ben Gagnon as their new Chief Executive Officer. Gagnon’s leadership is expected to drive the company’s strategic goals and strengthen its position in the crypto mining industry​.

HIVE Digital Increases Bitcoin Holdings

HIVE Digital Technologies (TSXV: HIVE, NASDAQ: HIVE) announced it produced 119 Bitcoins in June 2024, increasing its HODL to 2,496 Bitcoins. This 2% growth underscores HIVE’s continued expansion and efficiency in Bitcoin mining​.

U.S. House to Vote on Overturning SAB 121 Veto

The U.S. House of Representatives is set to vote on Wednesday to overturn President Biden’s veto of SAB 121, a significant regulatory measure affecting cryptocurrency accounting standards​​.

Dubai Customs Launches Blockchain Technology

Dubai Customs has introduced new blockchain technology to enhance trade transparency. This initiative aims to streamline customs procedures and bolster trade efficiency through innovative blockchain applications​​.

VanEck Files Updated Ethereum ETF Bid

VanEck has submitted an updated application for a spot Ethereum ETF, signaling a continued push for mainstream acceptance and investment opportunities in Ethereum​​.

Mt. Gox Continues to Impact Bitcoin Market

Analysts highlight the ongoing issues surrounding Mt. Gox remains a significant thorn in Bitcoin’s side. The handling of the defunct exchange’s remaining assets continues to influence market perceptions and stability​​.

Read more crypto news on the TDR Website! 

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