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- 2024-07-12
2024-07-12
Fernando Fierro
July 12, 2024
Howdy folks,
🗳️🎤 Trump is diving into the crypto scene with a keynote at Bitcoin 2024, aiming to win over Bitcoin voters. His stance sharply contrasts Biden’s “War on Crypto,” promising a pro-Bitcoin regulatory environment and support for domestic mining.
With the current administration's ambiguous regulations, Trump's speech could be a game-changer for crypto.
In other news:
⚖️📉 BitMEX is challenging the DOJ's latest charges, calling them “old news” and emphasizing their compliance improvements since 2020. Despite their defense, the DOJ’s focus on past violations raises questions about BitMEX’s future amidst ongoing regulatory scrutiny.
📈💹 Bitcoin is nearing $60,000, boosted by lower-than-expected inflation data. The latest CPI report suggests a slowdown in inflation, which could prompt the Federal Reserve to ease its monetary policy, potentially fueling further Bitcoin investments.
However, market volatility remains a concern.
🔐👾 Railgun, a crypto mixer backed by Vitalik Buterin, successfully blocked an Inferno Drainer scam attempt, highlighting the potential of crypto privacy tools. This incident showcases Railgun’s effectiveness in preserving privacy while thwarting bad actors, marking a significant win for crypto security.
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