NFTs
Crypto NFT Today: July Week 4
Welcome to another edition of Crypto NFT Today! The past two weeks have been packed with unmissable events that will define the future of blockchain, cryptocurrencies and NFTs.
With Kamala Harris possibly joining Donald Trump at an upcoming Bitcoin conference, digital assets suffering after falling quarterly profits, and more, there’s plenty 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 about her possible participation in the upcoming Bitcoin Conference.
Bitcoin Magazine CEO David Bailey recently shared on X that they are “in talks with Kamala Harris’ campaign to have her speak at the conference.” Bailey suggested that Harris’ appearance could “redefine the Democratic standing with the fastest-growing demographic of voters in the country.”
A decision from Harris’ team is expected today.
Digital assets suffer after quarterly profits drop
Bitcoin fell 2% to $64,603.34 on Thursday, according to Coin Metrics. Disappointing quarterly earnings from Alphabet and Tesla on Tuesday prompted investors to pull back from riskier assets including cryptocurrencies, impacting the broader tech sector.
Additionally, the market continues to feel the effects of Mt. Gox’s ongoing payment 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 a third day. The Grayscale Ethereum Trust (ETHE), which converted into an ETF, saw $484 million in outflows in the previous session.
Donald Trump raises over $4 million in cryptocurrencies
Donald Trump has raised more than $4 million from a variety of digital tokens, a campaign aide says CNBC. According to a Federal Election Commission filing, contributors donated bitcoin, ether, Ripple’s XRP token, the U.S. dollar-pegged stablecoin USDC and several meme coins.
The more than 1,000-page report details the totals of the joint fundraising committee “Trump 47” from April 1 to June 30. During that period, the committee raised more than $118 million, with funds distributed to the Trump campaign, the Republican National Committee and other entities.
The lawsuit shows that at least 19 donors have contributed more than $2.15 million in bitcoin. These contributors hail from 12 states, including some battleground states, and represent a range of professions, including homemakers, U.S. military officers, missionaries, painters, pizza sales reps and State Department security technicians.
UK regulator fines Coinbase unit in UK
British regulators fined Coinbase’s UK arm was hit with £3.5 million ($4.5 million) on Thursday for violating a voluntary agreement aimed at preventing cryptocurrency exchange the integration of “high-risk customers”.
CB Payments Limited (CBPL), part of the Coinbase Group, operates a global cryptocurrency trading platform. In October 2020, CBPL entered into a voluntary agreement with the UK’s Financial Conduct Authority (FCA), agreeing to restrictions that prevented it from accepting new customers deemed high-risk by the regulator. The agreement also prohibited CBPL from offering services to such customers.