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In the past 30 days, people who hold Bitcoin (often called “hodlers”) have bought and moved about $23 billion worth of Bitcoin into their long-term storage. This shows that many investors are confident about Bitcoin’s future and are accumulating more of itl

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The cryptocurrency market recently experienced its biggest drop in a year, losing $500 billion in just three days. This sharp decline was caused by weak job data and renewed fears of a recession, which also affected the stock market:

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Crypto Exec Pushing for Industry Support of Kamala Harris for President J.P. Thieriot, a board member and ex-CEO of Uphold, backs the vice president in her U.S. presidency bid and says he's hoping to build a digital assets advocacy for the Democrat. A former chief executive of a crypto platform is trying to build a crypto following for Vice President Kamala Harris, hoping to raise money and secure industry endorsements for the Democratic presidential candidate. Former Uphold CEO J.P. Thieriot says he's hoping to counter the digital assets sector's recent enthusiasm for former President Donald Trump.

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Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors: India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, the latest survey of savvy Indian investors by a New Delhi-based technology policy think tank revealed. The study by the Esya Centre also found that Indian investors are considerably aware of regulations relating to the taxation of cryptocurrencies (58%) and money laundering (52%), and prefer collateralized stablecoins (93%) over algorithmic ones.

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Notcoin Launches Game Based on ‘Lost Dogs’ NFT Collection: Over a month after teasing a fresh start, Notcoin has launched a new Telegram-based game with a ‘WOOF’ token. Viral Telegram clicker game Notcoin has partnered with The Open Network (TON) NFT project Lost Dogs to launch a story-driven game by the same name.

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Huawei Aims to Drive AI Adoption in Africa With Data Center Expansion: Chinese tech giant Huawei says it will leverage its experience to help African customers. The company aims to achieve this by providing storage products and services to manage data. Huawei will also offer cloud services to support African businesses. According to the company, data centers are the new digital hubs. However, they must be faster, more efficient, and secure. Huawei operates three data centres in South Africa, including a new facility in Johannesburg. These centers, equipped with Huawei hardware and software, are driving AI adoption and digital transformation.

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Major security breach at Indian crypto exchange WazirX, over $230 million withdrawn: Indian cryptocurrency exchange WazirX experienced a severe security breach, leading to over $230 million in withdrawals. The incident has resulted in a substantial loss of user funds and temporary suspension of withdrawals.

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Jason Goldberg Ⓜ️ 💜 pfp

Jason Goldberg Ⓜ️ 💜

This is the official Moxiedrop claim frame https://moxie-frames.airstack.xyz/mi

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Trump Says Bitcoin Will 'Skyrocket Like Never Before' If He Returns To The White House, Promises To Fire SEC Chair Gary Gensler On Day 1 In a show of massive political support for the cryptocurrency demographic, former President Donald Trump said that Bitcoin BTC/USD would skyrocket like "never before" if he came back to power and promised to fire current SEC Chair Gary Gensler on Day 1 of his tenure.

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What is Gas? Gas is a unit that measures the amount of computational effort required to execute operations on the Ethereum network. Every transaction or smart contract execution on Ethereum requires computational resources, and gas is the fee paid to compensate validators for these resources. Prevents Spam: By requiring a fee for every transaction, gas helps prevent spam and ensures that the network isn’t clogged with unnecessary transactions. Incentivizes Validators: Validators, who are responsible for verifying and processing transactions, receive gas fees as a reward for their work. This incentivizes them to maintain and secure the network1. Regulates Network Demand: Gas prices fluctuate based on network demand. When the network is busy, gas prices increase, which helps manage the load on the network2.

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The State Duma, the lower place of the Government Get together of Russia, made a critical stride towards controlling digital currency mining on July 24 by endorsing a bill in its most memorable perusing. This regulation, presented by an alliance of representatives drove by Anatoly Aksakov, the executive of the Duma Board on Monetary Business sectors, plans to formalize the cycle and conditions for mining computerized monetary forms in Russia. The bill's advocates contend that such guideline will relieve gambles related with unlawful mining exercises and upgrade lawful lucidity, accordingly drawing in speculation and creating work in the area. Nikita Chaplin, an individual from the Express Duma's Financial plan and Charges Board, told writers

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Roger Marshall Turns out to be First US Representative to Stroll from Disputable Crypto Bill He Co-Supported: Marshall, who helped introduce the bill a year ago, has been vocal in his criticism against crypto, including stablecoin issuer Tether. Conservative representative Roger Marshall has turned into the principal representative to stroll from a dubious crypto bill he at first co-supported. Marshall pulled his help for the Advanced Resource Hostile to Tax evasion Demonstration of 2023 on Tuesday, regulation records show.

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US Treasury finalizes new crypto tax reporting rules: The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service. The new requirements aim to crack down on crypto users who may be failing to pay their taxes, and stem from the $1 trillion bipartisan 2021 Infrastructure Investment and Jobs Act. At the time the bill was passed, it was estimated that the new rules could bring in close to $28 billion over a decade. The rule, which would be phased in starting next year for the 2026 tax filing season, align the tax requirements for cryptocurrencies with existing tax reporting requirements for brokers for other financial instruments, such as bonds and stocks, Treasury said.

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India Leaves Crypto Tax Unchanged During Budget Presentation: This quietness on approach has created vulnerability inside the Indian crypto local area with respect to the eventual fate of advanced resources. The absence of clear bearing in the financial plan has ignited changed responses from partners inside the Indian digital currency environment. The spending plan show, while illustrating nine needs for financial development - including farming, business, and advancement - didn't explicitly address digital currencies. Key declarations incorporated the disposal of the heavenly messenger charge for startup financial backers and the withdrawal of the 2% balance demand. Remarkable figures in the Indian crypto local area, like engineer Vijay Saran, rushed to bring up the financial plan's quiet on digital currency, with Saran expressing on X that there was "not so much as a solitary notice of Crypto."

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Japanese Crypto Firms Petition Government to Reform Crypto Tax: An association of Japanese crypto exchanges and blockchain companies has petitioned the government to make coin-related tax reforms. In an official Japan Blockchain Association (JBA) release, the companies asked Tokyo to make the changes ahead of the Financial Year 2025. The JBA explained that high tax rates on crypto profits are “hindering” Japanese citizens’ efforts to save valuable assets. The body called on Tokyo to use the same tax rate as it applies to conventional financial assets such as stock exchange-listed stocks.

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Real Bedford FC Acquires Additional $4.5 Million Worth of Bitcoins: With the Bitcoin price showing major strength and trading around $68,000, British football club Feal Bedford FC announced the purchase of an additional $4.5 million worth of Bitcoins. This comes at a time when big corporations are willing to add BTC as part of their Treasury.

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Bitcoin Hits $65K Shaking Off Mt. Gox Payout Worries; XRP Leads Crypto Rally The Mt. Gox distribution will not end the bullish trend, CryptoQuant's CEO noted.

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Filecoin (FIL) Surges to 30-Day High Following Grayscale AI Fund Launch: Filecoin (FIL) as of late flooded to a month to month high of $4.80 after Grayscale presented its Decentralised man-made intelligence Asset. In any case, the cost has since rectified to $4.54. Regardless of this pullback, solid purchasing pressure continues, and FIL's cost stays over its 20-day outstanding moving normal. The subsidiaries market for FIL has seen expanded movement, and a positive subsidising rate shows bullish opinion. These variables recommend that FIL might actually recover its $4.80 value level or even go higher. Following the declaration, FIL momentarily contacted $4.80, denoting its greatest cost in the previous month. By the by, the altcoin's worth has now dropped to $4.54, addressing a 6% decay.

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Crypto Exchange WazirX Hit With ‘Security Breach,’ $235 Million Moved: Indian crypto exchange WazirX has paused rupee and crypto withdrawals after one of its multisig wallets was breached. It means Indian crypto exchange WazirX has stopped rupee and crypto withdrawals because one of its secure wallets was hacked.

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kylepatrick 🎩🍖

@kylepatrick.eth

Farther is the road we walk. ✨

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