Trump challenges Biden on crypto 🚀
Trump challenges Biden on crypto 🚀
Welcome to the Daily Tribune on Friday, May 10, 2024 ☕️
Hello Cointribe! 🚀
Today is Friday, May 10, 2024, and like every day from Tuesday to Saturday, we will summarize the news from the past 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partly sunny 🌤️
24h crypto recap! ⏱
Trump and the future of crypto: an ambitious electoral promise 🎩
Donald Trump, the former President of the United States, recently made a resounding statement regarding his support for cryptocurrencies as part of his electoral campaign for 2024. During his speech, he strongly criticized the Biden administration for its strict and regulatory approach to digital assets, stating that these policies hinder innovation and growth in the crypto sector. Trump promised that if reelected, he would implement policies favorable to the adoption of cryptocurrencies, thus creating a more welcoming environment for investors and innovators. He plans to reduce restrictive regulations and promote blockchain technologies as key elements of the American digital economy. Read the full article
VanEck unveils its meme coin index 🚀
VanEck, the well-known asset management company, has recently launched an innovative index specifically designed to track the performance of meme coins, a category of cryptocurrencies often inspired by internet memes. This index includes popular cryptocurrencies like Dogecoin and Shiba Inu, allowing investors to monitor the evolution of these particularly volatile and often speculative assets. VanEck's initiative aims to provide better visibility and analysis tools for a segment of the crypto market that attracts many investors despite its risky nature and notorious instability. This new index could also encourage greater institutional recognition of meme coins as an asset class. Read the full article
Decline in trading volumes: Crypto market in difficulty 📉
The cryptocurrency market is currently going through a turbulent phase marked by a significant decline in trading volumes. Several factors contribute to this downward trend, including a decrease in investor interest, global economic uncertainties, and stricter regulations in various countries. Trading platforms are reporting notable reductions in activity, raising concerns about the liquidity and stability of the market in the short term. This situation is pushing many industry players to reassess their strategies and seek ways to revitalize investor interest in digital assets. Read the full article
Binance: Employee dismissed for market manipulation disclosure 🚫
Binance, one of the largest cryptocurrency exchange platforms in the world, recently dismissed an employee accused of disclosing confidential information regarding market manipulation. This revelation highlights potentially questionable internal practices and raises questions about transparency and ethics within the company. The employee in question allegedly revealed strategies used to influence the prices of digital assets on the platform, which led to an internal investigation and the employee's dismissal. This case could have significant repercussions on Binance's reputation and users' trust in the platform. Read the full article
Crypto of the day: The Graph (GRT)
The Graph is an indexing protocol that facilitates data querying on networks like Ethereum and IPFS, allowing developers to build and publish open APIs, called subgraphs, accessible via GraphQL. This greatly simplifies access to blockchain data, thereby improving the efficiency of decentralized applications (DApps).
The native crypto, GRT, is used to incentivize network participants (indexers, curators, delegators). It was distributed through public sales and fundraising, attracting strategic investors. GRT holders can earn income by participating in indexing or delegation, thus stimulating engagement and participation in the network.
Recent performances
Current price: €0.282
Increase/decrease: +12.08% (1-day increase)
Market cap: €2.88 billion
Rank on CoinMarketCap: 40
Biden says no to Bitcoin!
President Joe Biden has clearly stated his intention to oppose any legislation aiming to ease the rules governing the integration of cryptocurrencies in banks. The Biden administration insists on the need to maintain strict oversight to avoid the risks associated with volatility and fraud in the cryptocurrency sector.
This decision comes amid intense debate over cryptocurrency regulation in the United States. On one hand, some argue for rigorous surveillance to protect consumers and prevent systemic risks. On the other hand, advocates for innovation in blockchain technology call for more favorable regulations to encourage economic and technological development. The current regulatory uncertainty could discourage financial institutions from adopting cryptocurrencies. Read the full article
