The week was a whirlwind of cryptocurrency information, with massive names like Elon Musk and Vice President Kamala Harris making headlines.
From Musk’s profile image inflicting a meme coin surge to Harris’ group in search of crypto recommendation from Mark Cuban, the crypto world was buzzing with exercise. Right here’s a fast recap of the highest tales.
Musk’s Meme Coin Magic
A easy change in profile image by the Tesla CEO led to an enormous surge within the worth of Darkish Maga DMAGA/USD, a politics-themed meme coin. The coin, that includes Donald Trump with laser eyes, noticed a 4,300% enhance in worth inside 24 hours of Musk’s profile image change.
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Harris’ Crypto Session
Vice President Harris’ advisors have reportedly been in discussions with billionaire and crypto fanatic, Mark Cuban. This implies a possible shift within the Democratic Get together’s perspective on digital belongings, particularly as Harris’ presidential marketing campaign is underway.
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See Additionally: Is Dogecoin Actually Transferring ‘In accordance To Plan?’ Outstanding Analyst Claims: ‘I Haven’t Bought One Single DOGE, I’ve Simply Been Shopping for’
Lummis’ Bitcoin Battle
Senator Cynthia Lummis (R-Wyo.) criticized the Joe Biden administration’s proposal to impose a 30% tax on Bitcoin BTC/USD mining operations, calling it a “blatant assault” on innovation and American excellence. She outlined the potential hostile results of such a tax in an “orange paper.”
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Harris’ Bitcoin Convention Snub
Vice President Harris won’t be attending the upcoming Bitcoin 2024 convention, based on David Bailey, CEO of BTC Inc. This determination has sparked controversy inside the cryptocurrency neighborhood, highlighting the complicated relationship between the present administration and the digital asset business.
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Schiff’s Bitcoin Blast
Economist Peter Schiff criticized Bitcoin traders’ expectations from Trump, of the cryptocurrency being designated as a strategic reserve asset, likening it to political vote-buying ways. He equated this to President Biden’s promise to forgive pupil loans to win votes.
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This story was generated utilizing Benzinga Neuro and edited by Ananya Gairola
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