Stay ahead in the crypto game with the latest news and developments impacting Bitcoin, cryptocurrency, blockchain, and Web3 technology. In this edition, catch up on Ripple co-founder Chris Larsen's $10 million donation to the US election campaign, significant inflows in crypto investments, and the latest insights from the Federal Reserve. Dive into the world of digital assets and stay informed with our comprehensive roundup.
Cryptocurrency roundups have become an essential part of keeping up with the fast-paced world of digital assets. Today, we bring you the most significant developments impacting Bitcoin, blockchain, DeFi, NFTs, Web3, and crypto regulation.
1. Ripple's Chris Larsen Backs Kamala Harris Campaign with $10 Million Donation
Amidst the final leg of the US presidential election campaign, Ripple co-founder Chris Larsen made headlines by extending his support to Vice President Kamala Harris with a staggering $10 million donation in XRP. By advocating for Harris, Larsen emphasized the potential for American technology dominance, creating ripples in the crypto and political landscapes.
2. Optimistic Trends in Crypto Investments Amid US Election
United States-based cryptocurrency investment products recorded remarkable inflows, surpassing $2.2 billion in weekly investments, marking a significant uptick since July. According to CoinShares, the renewed optimism in the market is attributed to growing expectations of a Republican victory in the impending US elections, which is perceived as favorable for digital assets.
3. Federal Reserve's Stance on Bitcoin and Deficits
A recent working paper by the Federal Reserve Bank of Minneapolis has sparked discussions within the crypto community. The paper suggested that assets such as Bitcoin might need to be taxed or even banned for governments to maintain deficits. The researchers argue that the introduction of Bitcoin creates policy implementation challenges in an economy reliant on nominal debt, triggering debates over the implications for crypto enthusiasts and policymakers alike.
This comprehensive update provides invaluable insights into the latest happenings in the world of crypto. Stay tuned for more news, analysis, and expert opinions on Bitcoin, cryptocurrency, blockchain, and Web3 technology.
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Don't miss out on essential news and analysis from the world of cryptocurrency, blockchain, and Web3 technology. Stay ahead of the curve and witness the ever-evolving landscape of digital assets with our detailed roundup.
(Cointelegraph, 2024)