26-07-2024

Author

Fernando Fierro
July 26, 2024

Howdy folks,

🚀🗣️ Kamala Harris was initially invited to speak at Bitcoin 2024 but decided not to attend, attracting criticism from key figures in the crypto world. Her absence has intensified debates about crypto regulation, with prominent voices like Tyler Winklevoss calling her out for not addressing critical issues.

Despite Harris not taking a public stand on crypto, some, like Anthony Scaramucci, argue that the Biden administration's slow approach might be better in the long run.

In other news:

🚨💰 UK regulators have fined Coinbase's British arm, CB Payments Limited, $4.5 million for inadequate anti-money laundering controls. Despite agreeing to stricter rules, CBPL continued to onboard high-risk customers, with 13,416 identified accounts, leading to the hefty fine.

This signals a potential crackdown in the crypto industry, emphasizing the need for robust compliance measures as Coinbase works to tighten its controls and address these regulatory lapses.

🚀📉 Ethereum's much-anticipated spot ETFs launched with a bang but experienced mixed performance shortly afterward. Despite initial inflows of $106.7 million, the second day saw a net outflow of $133.16 million, predominantly due to Grayscale's ETHE.

This early volatility highlights investors' cautious optimism, with long-term confidence yet to be determined.

🇷🇺🔄 Russia might be shifting its stance on crypto regulation, signaling a potential policy U-turn. After years of a stringent approach, new developments suggest a more favorable outlook toward cryptocurrency adoption and innovation. Economic pressures and the need for technological advancement drive this change.

If realized, it could open up new opportunities for the crypto industry in Russia, significantly altering the regional landscape and influencing global regulatory trends.

DailyCoin Daily Meme

Every Solana Celebrity Crypto is Massively Down: Here’s Why

All celebrity-backed cryptos on Solana have seen a huge decline in value, raising concerns about their quality.

Polymarket Bettors to Be Able to Leverage Bets: Why Some Are Concerned

D8X looks to capitalize on the Polymarket hype.

Bitcoin Shines in Las Vegas: Here Are 5 Other Incredible Sphere Attractions

Bitcoin was the latest on the massive Las Vegas Sphere, which has become a go-to for showcasing spectacular ads.

Thanks for joining us today!
If you're hungry for more, check out our website.
See you next time for more crypto fun!

DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

Sharing is caring!

Know someone who would like this newsletter?
Share this email with them so they can subscribe.