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Cryptocurrency News Today – July 11, 2024
Welcome to “Crypto News Today”, your daily digest of the cryptocurrency industry.
Republicans Favor Cryptocurrencies, Paradigm Poll Shows Strong Support for Trump
A Paradigm poll reveals strong support for cryptocurrency among Republicans, particularly among younger and nonwhite members, with 35% of nonwhite Republicans and 45% of Republicans under 40 owning cryptocurrency. The poll also highlights significant dissatisfaction with traditional financial institutions and a desire for clear congressional action on cryptocurrency regulations. To learn more, visit the TDR website!
Goldman Sachs Launches Tokenization Projects
Due to regulatory concerns, Goldman Sachs is set to launch three tokenization projects aimed at institutional clients. These projects will streamline the wealth management and debt issuance processes by focusing on permissioned networks and private blockchains.
Siacoin Increase
Siacoin jumped 29% on renewed interest in its decentralized storage network, highlighting the growing demand for secure, decentralized data solutions.
Statement by the Chairman of the CFTC
The CFTC chairman has stated that 70-80% of cryptocurrencies are not securities, which impacts the regulatory landscape and potentially eases compliance burdens for many crypto projects.
Circle Mints USDC on Solana
Circle has minted 250 million USDC on the Solana blockchain, expanding its presence in the rapidly growing decentralized finance (DeFi) ecosystem.
Kraken and Coinbase Form Council
Kraken and Coinbase have formed a Blockchain Council to develop security standards for cryptocurrencies, with the goal of improving trust and security in the cryptocurrency industry.
Bitcoin Miners and AI Data Centers
Bernstein reports that Bitcoin miners are becoming attractive partners in building AI-powered data centers, leveraging their expertise in running large-scale data operations.
Bitcoin Mining Difficulty Decrease
CryptoQuant notes that the recent drop in Bitcoin mining difficulty is comparable to the FTX crash, signaling potential challenges for miners but also opportunities for new entrants.
Read more cryptocurrency news on the TDR website!