Crypto NFT Today: July Week 4

Welcome to another edition of Crypto NFT Today! The past two weeks have been full of must-know events that’ll be defining points for the future of blockchain, cryptocurrency, and NFTs.

With Kamala Harris possibly joining Donald Trump at an upcoming Bitcoin conference, digital assets suffering following dipped quarterly earnings, and more, there’s lots of essential news you should know about. So, let’s dive in and see what’s happening! 

Kamala Harris Possibly Joining Donald Trump at Bitcoin Conference

Kamala Harris’ campaign is reportedly in discussions with Bitcoin Magazine regarding her potential participation in the upcoming Bitcoin Conference.

Bitcoin Magazine CEO David Bailey recently shared on X that they are “in talks with Kamala Harris’ campaign for her to speak at the conference.” Bailey suggested that Harris’ appearance could “redefine the Democratic stance on the fastest-growing voter demographic in the country.” 

A decision from Harris’ team is expected today.

Digital Assets Suffer Following Dipped Quarterly Earnings

Bitcoin dropped 2% to $64,603.34 on Thursday, according to Coin Metrics. Disappointing quarterly earnings from Alphabet and Tesla on Tuesday led investors to move away from high-risk assets, including cryptocurrencies, impacting the tech sector as a whole.

Additionally, the market continues to feel the effects of the ongoing Mt. Gox repayment schedule, which has contributed to a sustained round of bitcoin selling pressure this month.

Meanwhile, ether fell 6% to $3,172.59 as newly launched ether exchange-traded funds traded for the third day. The Grayscale Ethereum Trust (ETHE), which converted to an ETF, saw $484 million in outflows in the previous session.

Related articles

DraftKings Exits NFT Business Due to Legal Issues

30 July 2024

BlockDAG’s Leadership Unveil – Crypto Market Titans Behind Game Changing Presale Challenge VeChain and Optimism’s Growth

30 July 2024

Donald Trump Raises Over $4 Million in Crypto

Donald Trump has raised over $4 million from a variety of digital tokens, a campaign aide told CNBC. According to a Federal Election Commission filing, contributors have donated bitcoin, ether, Ripple’s XRP token, the U.S. dollar-pegged stablecoin USDC, and various meme coins.

The 1,000-plus page report details the totals for the “Trump 47” joint fundraising committee from April 1 to June 30. During this period, the committee raised over $118 million, with funds distributed to the Trump campaign, the Republican National Committee, and other entities.

ADVERTISEMENT

The filing shows that at least 19 donors contributed more than $2.15 million in bitcoin. These contributors come from 12 states, including some battleground states, and represent a range of professions such as homemaker, U.S. military officer, missionary, painter, sales representative for a pizza company, and security technician with the State Department.

British Regulator Fines Coinbase UK Unit

British regulators fined Coinbase’s U.K. arm £3.5 million ($4.5 million) on Thursday for breaching a voluntary agreement aimed at preventing the cryptocurrency exchange from onboarding “high-risk customers.”

CB Payments Limited (CBPL), part of the Coinbase Group, operates a global crypto trading platform. In October 2020, CBPL entered into a voluntary agreement with the U.K.’s Financial Conduct Authority (FCA), agreeing to restrictions that prevented it from taking on new customers deemed high-risk by the regulator. The agreement also prohibited CBPL from offering services to these customers.