Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, industry news and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.
Happy Monday, Ndaxers— Here’s what happened last week:
At the Bitcoin 2024 conference in Nashville, former President Donald Trump delivered a keynote speech endorsing the cryptocurrency industry and announcing his plan to establish a national Bitcoin reserve if elected. Trump highlighted the need for the U.S. to lead in crypto technology, criticized current regulatory policies, and promised to make the U.S. the "crypto capital of the planet." This marks a significant shift from his previous anti-crypto stance, signaling his strategic pivot to gain support from the crypto community in his 2024 presidential campaign. crypto.news
Ethereum co-founder Vitalik Buterin has introduced Circle STARKs, a new cryptographic protocol aimed at improving blockchain security and efficiency. Circle STARKs use a new method that speeds up the verification process and reduces computational costs, making blockchain operations faster and more efficient. This innovation addresses inefficiencies in previous systems and enhances security by implementing additional checks to prevent attacks. With Circle STARKs, blockchain technology can achieve quicker transactions and stronger protection against potential threats. Cointelegraph
Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), an anti-crypto bill he co-sponsored with Democratic Senator Elizabeth Warren in 2022. Marshall's withdrawal on July 24 leaves 18 senators still backing the bill, which aims to regulate the crypto industry under existing anti-money laundering and counter-terrorist financing laws. The legislation, reintroduced by Warren in July 2023, classifies various crypto service providers as financial institutions subject to the Bank Secrecy Act. Critics argue that the bill exaggerates crypto's role in illicit activities and could severely impact the U.S. crypto industry and investors. Cointelegraph
Social media platform X has removed several cryptocurrency emojis, including those for Bitcoin, which had been in use for over four years. The removal, coinciding with the Bitcoin 2024 conference, has left the crypto community puzzled and saddened, with many advocating for the creation of an independent, universal digital symbol by Unicode. The decision has sparked concerns about freedom of expression and the recognition of Bitcoin's impact on global economics. Emojis for other cryptocurrencies like Cronos and BNB have also been deleted. Cointelegraph
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