Category Archives: POLITICS

ALTCOIN NEWS, POLITICS

Donald Trump’s Comments Propel These 2 Coins: What You Need to Know

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Donald Trump at the Bitcoin conference: MAGA and TREMP skyrocketed!

MAGA (TRUMP), the popular meme coin launched as a tribute to Donald Trump, increased by 15%. The altcoin is currently trading at $7.31 with a market capitalisation of $321 million. The meme coin has seen strong gains this year as Trump’s presidential campaign has favoured Bitcoin and the overall crypto market.

In the last month of June, the MAGA (TRUMP) price rose to an all-time high of $17.01. However, it has corrected more than 50% since then. It will be interesting to see if Trump will make any special announcements at the Bitcoin Conference. If so, it could put MAGA on the road to recovery once again and reach an all-time high. Meanwhile, the other Donald Trump-related meme coin TREMP has skyrocketed over 21% and is currently trading at $0.5639.

According to reports earlier this week, Donald Trump has raised more than $4 million in donations to the crypto market. The majority of contributions were made in Bitcoin, Ethereum (ETH), Ripple-related XRP, and USDC, a stablecoin pegged to the US dollar. Notably, over $2.15 million in Bitcoin donations were made by 19 individuals in 12 states. According to the Federal Election Commission filing, the donors’ occupations ranged widely, including housewife, US soldier, missionary, painter, sales representative for a pizza company, and security technician at the State Department.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS, POLITICS

Novogratz Statement: It’s Time to Buy Gold and Bitcoin

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Billionaire investor Novogratz said in a statement that now is the time to buy Bitcoin. After the problems with the banks, positive opinions continue to increase with Bitcoin.

Michael Novogratz, founder and CEO of Galaxy Digital, stated that the USA is heading towards a credit crisis and said, “Now is the time to buy gold, silver and Bitcoin.” Novogratz made assessments on the global economy in his statements to CNBC. “We will have a credit crisis in the US and globally,” Novogratz said. Stating that banks are rebuilding capital by lending less, Novogratz emphasized that it is likely that the interest policy will be reversed. He said that a dovish increase by the Fed would be a major policy mistake.

The banking crisis in the USA started with the bankruptcy of Silicon Valley Bank (SVB). Following SVB, Signature Bank also joined the list. Before the two banks, it was announced that Silvergate Bank would be liquidated. It is stated that First Republic Bank is also at risk of bankruptcy. On the other hand, there are problems originating from Credit Suisse in Europe. Bitcoin was withdrawn to $19,500 as an initial reaction to SVB’s bankruptcy. With the statements of US institutions, the decline in interest rate expectations and the positive inflation figures, Bitcoin rose to $ 26,500.

Source: Cointelegraph

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

US Starts Sanctions on Russian Crypto Miners

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The US Treasury targeted Russia’s cryptocurrency mining industry and began to impose sanctions on Russian cryptocurrency mining. The U.S. Treasury’s Office of Foreign Assets Control has added 10 affiliates to its list of Specially Designated Citizens, alongside Russia-based cryptocurrency miner BitRiver.

Since January 2022, it was said that the Russian state would take negative decisions regarding the ban on mining. Having made a clear decision regarding the Russian miners, Russian President Putin ultimately defended the local industry. According to recent estimates, Russia is the third largest Bitcoin mining resource in the world after the USA and Kazakhstan. But this situation may come to a halt at some point. In the Treasury’s announcement, the following details concern Russia-based miners:

“These companies are helping Russia monetize its natural resources by operating large server farms that sell international virtual currency mining capacity. The United States is determined to ensure that no entity, however complex, becomes a mechanism for the Putin regime to counterbalance the impact of sanctions.”

Source: theblockcrypto

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

US Secret Service, $102 Million Major Operation Linked to Criminals,

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More than $102 million in digital assets was confiscated by the US Secret Service in a raid against illegal transactions of digital assets linked to cybercrime.

According to statistics provided by the security agency, the seized crypto wealth has recovered from 254 targeted cases since 2015.

In addition to protecting the presidents of US states, the Secret Service investigates financial crimes and cybercrime. In an interview at the agency’s headquarters, David Smith, deputy director of investigations, stated that experts and analysts monitor the flow of Bitcoin like old-fashioned surveillance. He added;

When you track a digital currency wallet, it is no different than an email address with some associated identifier. And when one person and another person makes a transaction and enters that blockchain, we have the ability to track that email address or wallet address and trace it throughout the blockchain if we wish.

Romanian police conducted initial investigations targeting more than 900 victims in the US. The scammers placed ads on reputable websites and sales auctions and offered some kind of luxury item that didn’t exist. And to make the purchase real, they managed to deliver the so-called invoices from leading companies. The Secret Service later said that criminals smuggled the funds into a money laundering scheme in which victims’ funds were converted into cryptocurrency.

Other cases targeted by the Secret Service include a cybercrime syndicate of Russian and North Korean criminals involved in ransomware operations as well as barter for illegal money laundering activities. In these cases, Bitcoin payments were sent to the suspects’ crypto wallets to stop the attacks by US companies.

Source News Continued: cnbc.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

Crypto donation to Ukraine continues, no to war

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Civilians die every day in the war started by Russia. Civilians in Ukraine are in a difficult situation. Aid continues for Ukraine. Worldwide crypto donations for Ukraine are also on the rise. It is known that he has given more than $ 20 million in crypto donations to date. “The Ukrainian government and military supporters have raised $20 million through thousands of crypto donations since the beginning of the occupation,” Blockchain analytics firm “Elliptic” wrote on crypto donations.

The Ukrainian government announced the crypto donation to Ukraine on its official Twitter account. On the official Twitter account of the Ukrainian government, a call for help was made by sharing the Bitcoin and Ethereum wallet address. Large donations were sent to the addresses given in a short time.

Many crypto platforms supported this donation and new announcements continue to be made. One of these platforms is UkraineDAO, a DAO founded to raise money for Ukraine, announced earlier this week by Nadya Tolokonnikova, also known as a founding member of “conceptual protest art group” Pussy Riot.

Of course, it opens fake accounts for aid to Ukraine, beware of scammers who say they are collecting aid for Ukraine.

POLITICS

India may impose 30% tax on cryptocurrencies

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Like all countries, India is working on taxation from cryptocurrencies. Indian Finance Minister Sitharaman shared his thoughts on cryptocurrencies and announced that a 30% tax should be charged on crypto money transfer income.

In our opinion, we are not against levying taxes on cryptocurrencies, but taxes on cryptocurrencies are too high. Governments should be more rational when taxing cryptocurrencies. There must be a difference between a country’s government and a country’s mafia. When you get money from the mafia it demands such high payback. The people of India must oppose this decision before this high tax is legalized.

Indian Finance Minister Nirmala Sitharaman announced in her 2022 budget speech that a Blockchain-based and RBI-backed Central Bank Digital Currency (CBDC) will be introduced by 2023. In his budget speech, Indian Finance Minister Nirmala Sitharaman was expected to make a statement on cryptocurrencies. But we do not think that a tax as high as 30% is a good idea. There are a lot of people who are not financially well off in India, at least people who are not financially well off should be exempted from such taxes.

Please share your thoughts.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

El Salvador bought 21 more Bitcoins

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After El Salvador bought 21 more Bitcoins, El Salvador had 1141 Bitcoins (BTC). El Salvador’s President Nayib Bukele has made great gains by buying Bitcoin. But the people of El Salvador still have a reaction to the President.

El Salvador continues to buy Bitcoin (BTC) as Bitcoin drops. continues to increase its Bitcoin reserve by continuing to buy on the decline. El Salvador President Nayib Bukele announced on Twitter that his “government will receive 21 BTC to commemorate the 21st day of the 21st year of the 21st century.” A different perspective for buying bitcoin.

New Salvadoran President Nayib Bukele speaks after receiving the presidential sash during a swearing-in ceremony in San Salvador, El Salvador June 1, 2019. REUTERS/Jose Cabezas

He also posted the image of the receipt for the Bitcoin buy order on Twitter. El Salvador is the first country to recognize Bitcoin as its national currency. I guess as Bitcoin drops, El Salvador will continue to buy Bitcoin (BTC).

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

NCUA, Says Crypto Companies Can Partner

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The National Credit Administrative Association (NCUA) will make a statement about it, saying that they will do crypto service of credit insured loan payment (FICU) at the middle level.

“This includes making plans with luck that allows anyone to buy, sell and hold lifeless digitals along with available from the FICU to take place in the FICU”

Also, NCUA Vice President Kyle Haupt said.
“You will enter the credit exits to cryptocurrencies using the last currency. Today’s guidance both helps with concerns and comes to earning loans to earn a new income.”

Source: CoinDesk

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

Turkish President Erdogan Gifts Elon Musk NFT

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President of Turkey Tayyip Erdogan had a videoconference meeting with Elon Musk. President Erdoğan presented Elon Musk with NFT.

At the video conference between Erdogan and Elon Musk, the launch of the TÜRKSAT 5-B satellite into space was discussed. In addition to the 5-D satellite, discussions were also held on the technologies developed during the meetings. In the statement made after the meeting, it was announced that Erdogan presented Elon Musk with an NFT created from pictures drawn by children.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

Bank of England calls for rapid structuring of Crypto Regulations

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The Bank of England said in a statement; He said that regulations covering crypto assets need to be increased both within the UK and globally to combat the fast moving market.

While acknowledging the benefits of innovation, the bank said that innovation can only be sustainable with “effective public policy frameworks”. The Financial Policy Committee also welcomed the UK Treasury’s proposal to regulate stablecoins, put forward earlier this year.

Jon Cunliffe, VP of Financial Stability, claimed in November that crypto assets could potentially destabilize the UK’s financial system.

Bank of England December financial stability report

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.