https://youtu.be/1xQqK2ReDIE
Saturday, July 27, 2024
Edward Snowden Highlights Political Pitfalls and Privacy Issues in BTC at Bitcoin 2024 Event
https://news.bitcoin.com/edward-snowden-highlights-political-pitfalls-and-privacy-issues-in-btc-at-bitcoin-2024-event/#google_vignette
Trump Warns: Democratic Victory Could Spell Doom for Cryptocurrency Enthusiasts
Trump Warns: Democratic Victory Could Spell Doom for Cryptocurrency Enthusiasts
Navigating the Future of Cryptocurrency: Insights from Nashville’s Keynote Event
Seizing Cryptocurrency Leadership: A Strategic Imperative for the U.S.During an influential speech at the Bitcoin Conference in Nashville, a high-profile former U.S. President emphasized America’s urgent need to lead the global cryptocurrency space, an arena where competition is fierce, particularly with China. Addressing over 3,000 enthusiasts, he likened the cryptocurrency industry to the steel industry of the past—emerging and full of potential. His bold prediction was that digital currencies might one day surpass the value of gold, underlining the unprecedented nature of the asset class.
The Political Stakes for CryptocurrencyThe former President warned that an opposition victory in the upcoming elections could spell disaster for the cryptocurrency sector, painting a picture of a hostile scenario where stringent actions could be taken against digital asset holders and innovators.
A Promise of Reform on Day OneOn the hypothetical first day back in office, the ex-President vowed to dismiss the current Chair of the Securities and Exchange Commission, who is perceived as unfavorable towards cryptocurrency, a stance met with widespread applause at the conference.
Building a Pro-Crypto Governance FrameworkPlans for establishing a “Bitcoin and crypto advisory council” were announced, signaling a foundational shift in governance aimed to integrate cryptocurrency more deeply into the national financial strategy.
Mobilizing the Crypto Community’s Electoral and Financial CloutArriving post a high-stakes fundraising event, where millions were reportedly raised from heavy-hitters in the cryptocurrency industry, the former President acknowledged his change of heart regarding digital assets—a sector he had previously criticized. His appearance marked him as the first President to directly engage with a Bitcoin-focused event, signifying a notable realignment within the political landscape regarding digital currencies.
From Skeptic to Supporter: The Political TransformationOnce critical, the former leader has dramatically shifted his stance on the utility and inevitability of cryptocurrency, moving from skepticism to advocacy—a pivot that aligns with his broader strategic adjustments following his presidency. This transformation was punctuated by his foray into NFTs, which not only was a financial boon but ostensibly provided him with a revamped appreciation of blockchain technologies.
The Bigger Political Picture: Crypto on the 2024 BallotAs the election looms, the cryptocurrency community sees this as a pivotal moment to steer clear of what they perceive as over-regulation that has stifled innovation. The industry views the forthcoming election as a crucial opportunity to reset regulatory frameworks and foster a more conducive environment for technological and financial growth in the realm of digital assets.
A Grassroots Movement in a Digital AgeAccompanying the ex-President were numerous supporters clad in “Make Bitcoin Great Again” hats, showcasing a vibrant grassroots movement that not only supports individual rights to utilize such technologies without undue interference but also endorses significant political figures who advocate on their behalf.
This discourse at the Bitcoin Conference not only underscores the intricate dance between politics and innovation but also highlights the growing influence of cryptocurrency as a substantial issue in American electoral politics. As the dialogue continues to evolve, the intersections of governance, finance, and technology promise to reshape the contours of political campaigns and policy making in the digital age.
Friday, July 26, 2024
U.S. Senate Republican Tim Scott Steps into the Spotlight as a Cryptocurrency Enthusiast
U.S. Senate Republican Tim Scott Steps into the Spotlight as a Cryptocurrency Enthusiast
Shifting Dynamics: U.S. Senate’s Approach to Cryptocurrency Regulation
Legislative Stalemates and Advocacy Efforts
Recent discussions within the U.S. Senate have underscored a curious stagnation in cryptocurrency legislation, although advancements are noted in the House of Representatives. This inertia is noteworthy given the active support for crypto-friendly regulations expressed by notable figures such as Senator Tim Scott, the top Republican on the Senate Banking Committee. Scott, potentially poised to chair the committee, recently vocalized his support for crypto innovations at the Bitcoin 2024 event held in Nashville, Tennessee. His contributions to the ongoing cryptocurrency dialogue, alongside other proponents like Michael Saylor of MicroStrategy and Cathie Wood of ARK Invest—who advocate for bitcoin as a U.S. reserve asset—signify a pivotal shift in legislative sentiments.
Prominent Figures Rally Support
At the Bitcoin 2024 conference, several key speakers rallied behind the idea of integrating bitcoin into national financial strategy. Michael Saylor suggested the U.S. aim to accumulate 4 million BTC to strengthen its financial reserves, a reflection of his bullish outlook on bitcoin’s long-term value. Equally enthusiastic, ARK Invest’s CEO Cathie Wood highlighted the transformative potential of incorporating bitcoin into the U.S. Treasury without it being a tool of monetary policy.
This gathering also served as a platform for cryptocurrency’s potential endorsement by political figures, with speculation around former President Donald Trump’s evolving stance on crypto, anticipated to turn favorable at his upcoming appearance.
The Road Ahead
The reluctance in the Senate to forward legislation contrasts sharply with the proactive discussions occurring within such public forums. Senator Cynthia Lummis has been instrumental in proposing a bill that would integrate bitcoin into the Federal Reserve’s strategic reserves, an initiative still pending discussion. Cryptocurrency legislation, although stagnant, continues to draw attention, suggesting possible movement post-election, depending on shifts in the Senate majority.
This poignant mixture of political advocacy and legislative stalling delineates the complex landscape of cryptocurrency policy in the U.S. Whether these discussions will translate into actionable legislation remains uncertain, yet the increase in legislative champions for cryptocurrency paints a hopeful picture for its proponents. As the 2024 election nears, the direction of U.S. cryptocurrency legislation will likely hinge on the evolving perspectives within the Senate and the potential realignment of its leadership.
GMCoin Weekend Wrap-Up (July 22-26, 2024):
https://reddit.com/link/1ed0sd1/video/mlauzjf2vxed1/player
GMCoin Weekend Wrap-Up
This Week's Events Recap (July 22-26, 2024):
Midwest Tech Talk 2024:
Missouri, USA. A technical conference for school district technology departments, featuring sessions on data governance, security, and networking (July 22-23).
Lawn & Landscape Technology Conference 2024:
Atlanta, Georgia, USA. Industry professionals explore the latest software and technology innovations for the green industry (July 23-25).
NCMA World Congress 2024:
Seattle, Washington, USA. Professionals in contract management and procurement discuss best practices and network (July 21-24).
Bitcoin 2024 Conference:
Nashville, USA. The largest gathering of Bitcoin enthusiasts, with discussions on finance, mining, and open-source development (July 25-27).
25th Global Conference on Digital Marketing and Technology:
Vancouver, Canada. Professionals discuss the latest trends and strategies in digital marketing and technology (July 26).
Economic Updates:
US Core PCE Price Index (MoM, June): Increased by 0.2%, indicating a moderate rise in inflation for goods and services excluding food and energy, important for monetary policy decisions.
Initial Jobless Claims (USD): Rose to 245,000, reflecting a slight increase in the number of people filing for unemployment insurance for the first time, indicating changes in the job market.
Japan Manufacturing PMI (July): Improved to 53.2, showing expansion in the manufacturing sector and providing positive signals for business and policy decisions.
Eurozone Consumer Confidence (July): Increased to -15.0, indicating improved consumer confidence in the Eurozone's economic activities and potential spending behavior.
Chicago Fed National Activity Index (June): Decreased to 0.05, signaling a slight slowdown in overall economic activity and related inflationary pressure in the US.
GMCoin This Week:
July 22: Close Price: $0.083 | Volume: $75,311
July 23: Close Price: $0.082 | Volume: $91,465
July 24: Close Price: $0.077 | Volume: $76,172
July 25: Close Price: $0.076 | Volume: $89,287
July 26: Close Price: $0.077 | Volume: $81,674
Technical Analysis:
This week, GMCoin experienced slight fluctuations in price, with a peak at $0.083 on July 22 and a dip to $0.076 on July 25. Despite the minor volatility, the overall market sentiment remains cautious, reflecting broader economic conditions and investor behavior. Monitoring volume trends indicates steady trading activity, suggesting stable interest in GMCoin.
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Today's Top #1: Cryptominer with palm-sized $179 ASIC hits the jackpot with $206,000 in Bitcoin
tldr; A Bitcoin miner struck gold by mining a complete block worth 6.25BTC, equivalent to $206,000, using a $179 Bitaxe mining rig. This palm-sized device, endorsed by Altair Technology and Bitaxe, achieved this feat with a hashrate of about 500 Gh/s, despite the odds being 1 in 1.1 billion. The event highlights the unpredictable nature of Bitcoin mining, likened to a lottery, where even less powerful devices can win against more powerful ones. However, experts caution that such mining is more a game of chance than a typical investment, with better returns potentially found in traditional investments like the S&P 500 index fund.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Thursday, July 25, 2024
Anti-Semite Candace Owens dumped from Trump fundraiser
Candace Owens is the new face of American anti-Semitism. She has a lot of company, however, with university presidents and their students as well as Iran-funded protesters who hate Jews and Israel, as much as they hate America. Owens had been a weekly host on the conservative outlet the Daily Wire but was fired for her anti-Semitic sentiment and her downplay of the Holocaust atrocities. She even claimed that the experiments performed by Nazi scumbag Joseph Mengele on Jews during World War II sounded "like bizarre propaganda."
She was originally slated to headline the Friday event, which I wrote about, but having her at the event ignited a ton of backlash due to her recent anti-Semitic comments.
Donald Trump Jr. was also planning on attending.
“Donald Trump Jr. is making an appearance with Candace Owens, who recently suggested that the real victims of WWII were not the Jews but the Germans and the real villains not the Axis but the Allies,” Rep. Ritchie Torres (D-NY) wrote on X/Twitter after the initial announcement.
Dov Hikind, a former New York State Assemblyman from Brooklyn, New York and founder of Americans Against Antisemitism, argued on social media that the Trump campaign “being so closely associated with her [Owens] and the disgusting behavior we’ve witnessed from her almost daily, makes it near impossible to make the case to the Jewish people that the Republican Party is where we can trust that antisemitism in any form will not be tolerated.”It was after these and many other negative responses about Owens' attending the event that she was removed from the poster and no longer attending the event in Nashville, Tennessee.“It was never announced Candace was hosting an event with” the Trump campaign, a spokesperson for Owens told Jewish Insider.Perhaps not, but it certainly seemed that it was announced.
Owens got into a verbal altercation with a reporter on X who said she was kicked out of the event over her recent comments, including her suggesting on her podcast that AIPAC, the largest pro-Israel lobbying organization in the United States, was involved in the assassination of John F. Kennedy. So in her warped mind, Lee Harvey Oswald was working for Israel or the American Jews. How did she make that bizarre connection? Oh wait, it's like the connection liberals make when a conservatives states a truism, calling them racists. She even claimed in the same podcast episode that the US is being “held hostage by Israel.” In other words, if the US doesn't do the bidding of Israel, Americans are no longer going to receive Israeli-made tahini sauce. The reporter mentioned above, Stella Escobedo, posted that she could confirm that Owens was off the panel for this week.
“I’m told it was a group of Bitcoin guys, not politicians who organized the event and didn’t know about her Jew hatred,” she tweeted.
“I’m told Don Jr. was invited to the event prior to Candace being added to panel. Zero tolerance for antisemitism.”Owens denied the accusation saying, “I was definitively not canceled from any event over ‘Jew hatred,’ least of all because of anything to do with Trump’s campaign. This is just entirely made up out of thin air.”Sorry, Candy, but I don't believe you.
The event in Nashville was billed as a “VIP Meet & Greet” and reportedly costs as much as $5,000 to attend. I probably won't make it.
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