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The U.S.’s pursuit of Bitcoin mining dominance could offer a golden ticket to national renewal, with our projections suggesting it could contribute to $30.6 billion in GDP and 54,000 jobs by 2028 if the U.S. captures 90% of the global market.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.
The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%.
The U.S. jobs report for July was released Friday morning (Tim Mossholder/Unsplash, modified by CoinDesk)
It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations, the company said in its post.
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols.
A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.
The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could “make a difference in key battleground states,” OMFIF wrote.
Coinbase revenue beat Wall Street analysts’ expectations, while profit came in lower than the consensus.