After weeks of anticipation, President Joe Biden has announced his decision to withdraw from the re-election race against Donald Trump, endorsing Vice-President Kamala Harris to take his place.
Biden's withdrawal raises questions about the Democratic Party's strategy. While Harris has been endorsed by key figures like Hillary Clinton, the party may consider other candidates, such as California Governor Gavin Newsom.
Arthur Hayes, BitMEX founder, suggests that if Democrats choose someone other than Harris, Trump's chances might diminish, impacting the crypto industry's support for Trump. The industry's lobbying efforts could be wasted if Trump loses.
Harris has not publicly commented on cryptocurrency, despite her tech industry ties and employing Ryan Montoya, involved in Bitcoin adoption by the Sacramento Kings. Her stance on crypto remains unknown, while the Biden administration has been critical of the industry.
Harris and her husband have no cryptocurrency investments, favouring traditional assets like Treasury bonds.
On Polymarkets, Harris's chances against Trump are higher than Biden's, causing a drop in Trump's odds from 70% to 64%.
Harris's standing in Presidential Election Popular Vote Winner bets also surpasses Trump's by 1%.
Following Biden's announcement, Bitcoin's value increased from under $67,000 to over $68,000.
Larry Fink declares bitcoin a legitimate asset class, rivaling gold. He emphasises market growth driven by acceptance and transparency, anticipating further advancements in digital assets and blockchain technology.
EdmundNorth Gyeongsang Province seized $890,000 in crypto from residents who failed to pay taxes. The province aims to recover $136 million in unpaid taxes by the end of the year, using aggressive measures against tax evaders.
AnaisA recent survey revealed that only 7.5% of Salvadorans use Bitcoin for transactions, despite the government's efforts and investments since it became legal tender in September 2021. Most citizens prefer the government to focus on education and industrial development rather than Bitcoin, highlighting a disconnect between official policies and public priorities.
WeatherlyGoogle has just left Bitcoin investors scratching their heads as to why the search engine has removed the live price charts for Bitcoin and other cryptocurrencies
XingChiChinese stocks opened higher on Monday and Bitcoin surged above $64,000 as investors assessed the potential impact of economic stimulus measures announced by the Ministry of Finance over the weekend.
MiyukiBitcoin surged past $64,000 on Monday, with analysts combining technical indicators such as RSI, order book liquidity and moving averages to suggest that a breakout above $65,000 is increasingly likely.
AlexBitcoin's global interest has dropped to its lowest in a year, while memecoins are gaining popularity with significant search and trading activity. Despite concerns about their risks, memecoins continue to dominate the crypto market in 2024.
AnaisRobert Kiyosaki warns of an upcoming stock market crash and advises investors to diversify into Bitcoin, gold, and silver to protect their wealth.
EdmundJustin Sun, the founder of Tron, has been elected as the new Prime Minister of Liberland, a self-declared micronation situated between Croatia and Serbia.
XingChiOKX announced a grant to the 2140 Foundation to support the foundation’s multi-year efforts to promote the long-term security, resilience, and maintainability of the Bitcoin network.
MiyukiGolden Finance launched the 2398th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceKamala Harris's refusal to attend the Bitcoin 2024 Conference has led to criticism from the crypto community, reflecting concerns over her potential stance on cryptocurrency regulation.
ZeZhengAllegations of Kamala Harris calling Bitcoin "criminals' money" have sparked debate, though evidence is lacking. Meanwhile, the unofficial KAMA meme coin has seen a dramatic rise in value.
ZeZhengKamala Harris leads in most national polls but lags behind Donald Trump in the crypto community. Trump's strong crypto support contrasts with Harris' cautious approach, highlighting differing strategies as the 2024 election approaches.
WenJunKamala Harris is considering attending the Bitcoin 2024 Conference, where Donald Trump will also appear. This move could realign the Democratic Party's position on cryptocurrency, targeting a growing voter base. Harris's campaign advisors are still deciding on her participation.
EdmundGolden Finance launched the 2394th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceVice President Kamala Harris appeared to be the strongest Democratic opponent to Donald Trump. In breaking news, President Joe Biden has announced that he is stepping down from the presidential race and endorsing Vice President Kamala Harris to run in his stead.
WilfredBiden administration, US President, Biden withdraws from the election What is Harris and other potential Democratic presidential candidates' stance on cryptocurrencies Golden Finance, What are the most likely Democratic presidential candidates' views on cryptocurrencies
JinseFinanceGolden Finance launches the 2393rd issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.
JinseFinanceJoe Biden has withdrawn from his presidential re-election race and endorsed Vice-President Kamala Harris to take his place at the top of their party’s ticket.
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