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Cryptocurrency News Today – July 9, 2024
Welcome to “Crypto News Today”, your daily digest of the cryptocurrency industry.
Bitcoin Drops on German Government Asset Movement
Bitcoin prices fell as the German government moved another $500 million in assets, adding to market volatility. This move is part of ongoing asset relocations that impact the stability of the Bitcoin market. To learn more, visit the TDR website!
Riot Blockchain Launches New Website
Riot Blockchain (NASDAQ: RIOT) has launched a new website, www.abetterbitfarms.comaimed at improving transparency and providing detailed information on their operations. This initiative is part of their effort to improve investor relations and market presence.
Bitfarms Appoints New CEO
Bitfarms (NASDAQ: BITF) has named Ben Gagnon as its 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 that it has mined 119 Bitcoins as of 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 to Override SAB 121 Veto
The U.S. House of Representatives will vote on Wednesday to override President Biden’s veto of SAB 121, a major regulatory measure that impacts cryptocurrency accounting standards.
Dubai Customs Launches Blockchain Technology
Dubai Customs has introduced a new blockchain technology to improve trade transparency. This initiative aims to simplify customs procedures and enhance trade efficiency through innovative blockchain applications.
VanEck Unveils Updated Ethereum ETF Offering
VanEck has submitted an updated application for an Ethereum spot ETF, demonstrating its continued commitment to mainstream acceptance and investment opportunities in Ethereum.
Mt. Gox Continues to Impact Bitcoin Market
Analysts point to the ongoing issues surrounding Mt. Gox, which remains a thorn in Bitcoin’s side. The management of the defunct exchange’s remaining assets continues to shape market perceptions and stability.
Read more cryptocurrency news on the TDR website!