Elon Musk has officially launched the America Party, signaling a bold political move that embraces Bitcoin as a core financial principle amid skepticism toward fiat currency. This new political entity
The developer says he has now been released but was allegedly detained and faced up to eight years in prison after his Salvadoran neighbor accused him of calling her “stupid” during a dispute over a piece of land. Bitcoin Core Contributor Arrested After Dispute With Neighbor Thanks to a bizarre quirk in a Salvadoran law
Cardano has been one of the altcoins that have been aggressively sold down over the past few months. The result of the sellers’ panic has been an over 50% crash in its price after it hit above $1 back in March. Since then, the sellers have remained in control of the price , pushing it back down toward the $0.57 level, where mounting support has begun to form. If this level holds, then it could carry some bullish implications for the cryptocurrency. Cardano Breaking Out Of Descending Triangle One setback that has plagued the Cardano price over the last few months is the fact that following the sell-offs, the altcoin found itself inside a descending triangle. This descending triangle has now persisted for months as the cryptocurrency continues to trade within it, according to crypto analyst melikatrader94 on the TradingView website. The analysis focuses on the Cardano price being unable to break out of this big descending triangle over the last few months, leading to its suppressed price action. The analyst even pointed out the March rally, but explained that this was a breakout that eventually failed. This meant that Cardano continued to trade inside this bearish descending triangle . Fast forward to the present, though, and things seem to be looking up for the altcoin. The analyst pointed out that it is now showing some bullish divergence on the chart , which is usually evidence that sellers are running out of steam and buyers are starting to catch up. As a result, the support has been mounting above $0.57, and bulls have held quite strong. Now, if this support continues to hold, the crypto analyst predicts that the Cardano price could see another leg-up . The initial targets remain conservative at $0.67-$0.70. Nevertheless, hitting these targets would mean that the bulls are starting to take back control of the price. The Bearish Thesis For ADA Just as there is a bullish scenario for the Cardano price, there is also the possibility that it doesn’t go as expected. There is an invalidation level for this forecast, and that lies at the $0.53 support. This level has already proven to be a strong support point for Cardano. Thus, losing it to the bears would trigger further price crashes. Melikatrader explains that if this $0.53 level fails, then the entire setup is actually off the table . It would mean a continuation of trading inside the descending triangle, with much lower targets as the triangle continues to widen in the absence of a breakout.
Some investors expect Bitcoin to break out of its consolidation phase and reach new record highs in the second half of the year. Behind this optimistic expectation are the acceleration of corporate treasury purchases, strong cash inflows into exchange-traded funds (ETFs), and cryptocurrency legislation advancing in the US Congress. Bitcoin rose nearly 30% in the second quarter, but the period has been labeled “consolidation.” Bitcoin’s gains have diminished month-on-month after trading in a narrow price range for three months. The cryptocurrency gained 15% in the first half of the year, a more subdued performance compared to the 45% rise in the same period last year. But analysts say the real rise may be starting now. Bitcoin, which had largely traded above $100,000 since May 9, was trading at $108,000 today, about 3% below the record of $111,999 reached in May. “We are still seeing an acceleration in ETF adoption. Institutional treasuries are just starting to develop Bitcoin strategies, and we expect more money to flow through these channels,” said Devin Ryan, head of financial technology research at Citizens Bank. According to Ryan, there is increasing individual and institutional interest in Bitcoin, and this trend points to strong upside potential. Another element that plays a significant role in this rise is “Bitcoin treasury companies.” Firms like Nakamoto, Twenty One and Strive Asset Management are raising capital to buy Bitcoin through stock issuances by merging with public companies. “There are mergers that are pending SEC approval. So there is a lot more money waiting to buy Bitcoin that hasn’t bought yet,” said Steven Lubka, Vice President of Investor Relations at Nakamoto. Related News: Watch Out: Many Economic Developments and Altcoin Events in the Coming Week - Here's the Day-by-Day, Hour-by-Hour List Lubka says that not only institutional demand, but also new fiscal stimulus expected from Washington and record-breaking stock markets will contribute to Bitcoin’s rise. “On the one hand, Bitcoin is becoming a more mature asset class, and on the other hand, a large amount of capital is flowing into this area with the financialization process,” Lubka says, arguing that the current administration’s positive attitude towards Bitcoin will also be a major catalyst. According to Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, regulatory developments in the US could also support Bitcoin for the rest of the year. Markets could price in expectations of an earlier rate cut if President Donald Trump appoints a replacement for Fed Chair Jerome Powell. Additionally, the GENIUS Act, a stablecoin bill expected to pass Congress, could boost interest in Bitcoin, especially among individual investors. Kendrick noted that some investors may be concerned about Bitcoin’s four-year cycle toward the end of September. Noting that previous cycles have seen prices fall about 18 months after each halving, Kendrick said institutional inflows could offset those effects this time around. Bitcoin could reach $135,000 by the end of the third quarter and $200,000 by the end of the year, according to Standard Chartered’s estimate. “Once the market gets over these cyclical fears, we expect Bitcoin to continue its rise,” Kendrick said. *This is not investment advice. Continue Reading: How Will Bitcoin Perform in the Second Half of the Year? Will It Rise or Fall? Experts Answer
Elon Musk announced the formation of a new political party on Sunday, telling one of his followers on X that it will embrace Bitcoin as “fiat is hopeless.”
On July 7, official reports confirmed that the Monochrome Spot BTC ETF (IBTC) in Australia increased its Bitcoin holdings to 937 BTC as of July 4. This accumulation reflects a
BitcoinWorld Trump Trade Deals: Unveiling the Crucial Impact of August 1st Tariff Increases Cryptocurrency Markets are often highly sensitive to shifts in global economics and geopolitics. When significant announcements emerge from major political figures, the digital asset space takes notice. Recently, former U.S. President Donald Trump made a statement that has captured attention: new trade agreements have been established, and importantly, tariffs on other countries are set to increase starting August 1st. This declaration, reported by Watcher Guru on X, could signal a renewed focus on protectionist trade measures, potentially sending ripples across the global economy and, by extension, influencing your crypto portfolio. Let’s delve into the implications of this significant Trade Policy Update . Unpacking the Latest Trump Trade Deals Announcement The announcement from Donald Trump regarding new trade agreements and impending Tariff Increases on August 1st comes at a pivotal time for the global economy. While specific details of these ‘new trade deals’ were not immediately elaborated upon in the initial report, the mere mention suggests a potential shift in international economic relations. Trump’s past presidency was characterized by an assertive approach to trade, marked by the imposition of tariffs on goods from countries like China and the renegotiation of existing agreements such as NAFTA (rebranded as USMCA). This latest statement, if implemented, could indicate a return to a more protectionist stance, aiming to prioritize domestic industries and potentially reshape supply chains. For businesses and consumers globally, such a move could introduce new costs and complexities. The uncertainty surrounding these potential actions often translates into market volatility, which is something that Cryptocurrency Markets , known for their sensitivity to external economic factors, tend to react to. Understanding the broader context of these proposed Trump Trade Deals is essential for anticipating their economic fallout. The Mechanics of Tariff Increases: What Does August 1st Mean for You? Tariffs are essentially taxes imposed on imported goods. Governments use them for various reasons: to protect domestic industries from foreign competition, to generate revenue, or as a bargaining chip in trade negotiations. When a country imposes Tariff Increases , it makes imported goods more expensive, which can have several direct and indirect consequences: Higher Consumer Prices: Businesses often pass on the increased cost of tariffs to consumers, leading to higher prices for goods ranging from electronics to clothing. Disruption of Supply Chains: Companies that rely on imported components or raw materials may face increased costs or be forced to seek new suppliers, leading to supply chain inefficiencies. Retaliatory Tariffs: Countries targeted by tariffs may impose their own tariffs in response, escalating trade disputes into full-blown trade wars. This can further complicate international trade and hurt export-oriented industries. Reduced Trade Volume: The overall volume of international trade may decrease as goods become more expensive or less competitive across borders. The August 1st deadline provides a specific timeline for businesses to prepare for these changes. Companies may scramble to import goods before the deadline or adjust their sourcing strategies. The anticipation of these increases can create market jitters, influencing investor behavior across traditional financial markets and potentially spilling over into the Cryptocurrency Markets . Analyzing the Global Economic Impact on Traditional Markets Any significant Trade Policy Update , particularly one involving widespread Tariff Increases , has the potential to create a substantial Global Economic Impact . Historically, trade wars have been shown to slow economic growth, increase inflation, and reduce corporate profits. Here’s how such policies typically affect traditional markets: Stock Market Volatility: Industries heavily reliant on international trade, such as manufacturing, technology, and automotive, can see their stock prices fluctuate significantly. Investor confidence can erode, leading to broader market sell-offs. Currency Fluctuations: Trade tensions can lead to currency depreciation or appreciation as investors react to perceived economic strengths or weaknesses of different nations. Inflationary Pressures: Tariffs raise the cost of imported goods, which can contribute to overall inflation within an economy. Central banks might then face difficult decisions regarding interest rates. Reduced Global Growth: A prolonged period of trade disputes can dampen global economic growth by disrupting supply chains, reducing investment, and creating uncertainty. For example, during previous trade disputes, companies often reported lower earnings due to increased costs and reduced demand. This broad economic uncertainty can lead investors to seek safe-haven assets, or conversely, to pull back from riskier investments, a trend that directly influences the sentiment within Cryptocurrency Markets . The Ripple Effect: How Trump’s Trade Policy Update Could Influence Cryptocurrency Markets The interconnectedness of the global financial system means that significant economic shifts, such as those caused by a major Trade Policy Update , inevitably find their way to the crypto space. While digital assets often operate independently of traditional banking systems, they are not immune to macroeconomic forces. Here’s how Trump’s announcement could impact Cryptocurrency Markets : Increased Volatility: Economic uncertainty often translates to increased volatility in crypto. Investors may move funds in or out of digital assets based on their risk appetite during turbulent times. Safe-Haven Narrative Revisited: Bitcoin has, at times, been touted as a digital safe haven, similar to gold. In periods of geopolitical or economic instability, some investors might flock to Bitcoin as a hedge against traditional market downturns or currency devaluation. However, this narrative is not always consistent, and Bitcoin can also experience sell-offs during broad market fear. Capital Flows: As traditional markets react to Tariff Increases and trade disputes, capital may shift. Some investors might move funds into crypto if they perceive it as a viable alternative or a way to escape inflation in fiat currencies. Conversely, if economic downturns are severe, liquidity crunches could lead to sell-offs in all asset classes, including crypto. Impact on Stablecoins and CBDCs: Heightened trade tensions could accelerate discussions around central bank digital currencies (CBDCs) as nations seek more control over their financial systems. Stablecoins, particularly those pegged to the U.S. dollar, might see increased usage as a bridge between traditional and decentralized finance, though their stability could also be tested if the underlying fiat currency experiences significant pressure. The overall sentiment driven by a potential trade war can lead to unpredictable movements. Digital asset investors should monitor not just crypto-specific news but also global economic indicators. Navigating Potential Tariff Increases: Strategies for Digital Asset Holders Given the potential for a renewed focus on Tariff Increases and their broader economic implications, what can digital asset holders do to navigate this environment? Proactive measures can help mitigate risks and potentially identify opportunities: Stay Informed: Keep a close eye on geopolitical developments, trade negotiations, and economic indicators. Reliable news sources like Watcher Guru and other financial news outlets are crucial. Diversify Your Portfolio: While tempting to go all-in on a single asset, a diversified crypto portfolio can help spread risk. Consider a mix of established assets (like Bitcoin and Ethereum) and potentially some altcoins with strong fundamentals. Understand Risk Tolerance: Before making any moves, assess your personal risk tolerance. Trade wars can lead to significant market swings, and it’s important to only invest what you are comfortable losing. Consider Stablecoins: During periods of high volatility, parking some capital in stablecoins can offer a temporary refuge from market fluctuations, allowing you to re-enter when conditions stabilize or opportunities arise. Long-Term Perspective: For many crypto investors, a long-term strategy often weathers short-term market turbulence better. Focus on the underlying technology and adoption trends rather than daily price movements driven by macroeconomic headlines. The impact of these proposed Trump Trade Deals will unfold over time, and a well-informed, strategic approach is key for anyone involved in Cryptocurrency Markets . What’s Next for Global Trade and Your Digital Assets? The announcement from Donald Trump about new trade deals and Tariff Increases set for August 1st introduces a fresh layer of uncertainty into the global economic landscape. While the precise details and full scope of these actions remain to be seen, their potential to create a significant Global Economic Impact is undeniable. From disrupted supply chains to shifts in investor sentiment, the ripple effects will be felt across traditional markets and, crucially, within Cryptocurrency Markets . As digital asset holders, understanding this evolving Trade Policy Update is not just academic; it’s practical. The interconnectedness of global finance means that even news about trade agreements can influence the volatility and direction of your crypto investments. Staying vigilant, diversifying your portfolio, and maintaining a long-term perspective will be vital strategies as these economic narratives continue to develop. The coming months will reveal the true extent of these trade adjustments and how the resilient world of digital assets adapts to them. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum price action. This post Trump Trade Deals: Unveiling the Crucial Impact of August 1st Tariff Increases first appeared on BitcoinWorld and is written by Editorial Team
A record-breaking Bitcoin movement involving 1.1 million coin-years has ignited discussions about a potential government-linked transfer amid a notably stable market. This unprecedented shift of long-dormant Bitcoin assets suggests an
BitcoinWorld UAE Golden Visa: Crucial Reports Debunked for Crypto Investors The world of digital assets is constantly buzzing with innovation, investment, and, sometimes, misinformation. Recently, a particular rumor sent ripples through the global cryptocurrency community: the tantalizing prospect of securing a coveted UAE Golden Visa simply by holding virtual assets. This idea, which promised long-term residency in one of the world’s most dynamic economic hubs for crypto investors, understandably captured widespread attention. However, official sources in the United Arab Emirates have now stepped forward to set the record straight. The Emirates News Agency reported a joint statement from the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA), unequivocally dismissing these online reports as false. This crucial clarification emphasizes that eligibility for the Golden Visa is based on specific, official criteria that currently do not include crypto investors. So, what does this mean for the crypto community, and what are the actual pathways to living and working in the UAE? Understanding the Prestigious UAE Golden Visa Program Before diving deeper into the denial, it’s essential to understand what the UAE Golden Visa truly represents. Launched in 2019, this long-term residence permit is a cornerstone of the UAE’s strategy to attract global talent, investors, and entrepreneurs. It allows foreign nationals to live, work, or study in the UAE with significant benefits, including: Long-term Residency: Visas are typically issued for 5 or 10 years, renewable automatically. Self-Sponsorship: Holders do not require a national sponsor for their visa. Family Inclusion: The visa extends to family members, including spouses and children, and even executive directors and advisors. Freedom of Movement: Holders can stay outside the UAE for extended periods without their visa being invalidated. Exclusive Benefits: These can include special discounts, health services, and other perks designed to enhance the quality of life for long-term residents. The program is designed to attract individuals who can contribute significantly to the UAE’s economy and society. Current eligibility categories typically include: Investors (in public investments, real estate) Entrepreneurs Specialized Talents (doctors, scientists, artists, athletes, innovators) Outstanding Students and Graduates Humanitarian Pioneers Frontline Heroes The emphasis is on tangible contributions, established wealth in traditional assets, or recognized expertise in critical sectors. Debunking the Myth: What This Means for Crypto Investors UAE The recent denial by the ICP, SCA, and VARA serves as a critical reminder that while the UAE is indeed a progressive hub for virtual assets, its residency programs operate under distinct, established guidelines. The joint statement was clear: ‘golden visas are granted based on official criteria that exclude crypto investors.’ Why did this rumor gain traction? It’s likely a confluence of factors: UAE’s Crypto-Friendly Image: The UAE, particularly Dubai, has actively positioned itself as a global leader in the virtual assets space, attracting major crypto firms and fostering innovation. This positive reputation might have led to assumptions about broader benefits for crypto holders. Desire for Residency: Many crypto investors, seeking favorable regulatory environments and high-quality living standards, naturally look towards jurisdictions like the UAE. Misinterpretation of Policies: Some might have confused the UAE’s support for virtual asset businesses and innovation with direct visa pathways for individual crypto wealth. It’s important to differentiate between the UAE’s forward-thinking approach to regulating virtual assets as an industry and the specific criteria for immigration. While the nation welcomes virtual asset service providers (VASPs) and fosters a vibrant ecosystem, this does not automatically translate into golden visa eligibility based solely on crypto holdings. Navigating the Dubai Crypto Landscape: A Hub, But With Rules Despite the golden visa clarification, the UAE’s commitment to becoming a leading global hub for virtual assets remains unwavering. Dubai Crypto initiatives, in particular, have garnered international acclaim. Entities like the Virtual Assets Regulatory Authority (VARA), established in Dubai, are at the forefront of creating a robust and clear regulatory framework for virtual assets. This includes: Licensing Frameworks: VARA issues licenses for various virtual asset activities, including exchanges, broker-dealers, and custody services. Investor Protection: Regulations aim to protect investors and ensure market integrity. Innovation Support: The framework seeks to foster innovation while managing risks. The UAE’s strategy is to attract legitimate virtual asset businesses and talent, encouraging them to set up operations within its jurisdiction. This creates jobs, stimulates the economy, and positions the UAE as a digital economy leader. However, this support for the industry is distinct from individual immigration policies. Investors looking to participate in the Dubai Crypto scene can certainly do so, but their path to residency will follow established immigration channels, not necessarily through their digital asset portfolios directly. Understanding Virtual Assets Regulation in the UAE The role of VARA, alongside the SCA and ICP, in issuing this joint statement highlights the coordinated effort by UAE authorities to provide clarity and prevent misinformation. The robust framework for Virtual Assets Regulation is a testament to the UAE’s methodical approach: The UAE’s approach to virtual assets is multifaceted, aiming to balance innovation with investor protection and financial stability. This comprehensive regulatory environment, rather than a loose interpretation of visa rules, is what truly defines the UAE’s stance on crypto. Legitimate UAE Residency Requirements for Aspiring Expats For individuals, including crypto investors, who aspire to live and work in the UAE, there are numerous established and legitimate pathways to residency. It’s vital to focus on these official routes rather than unverified rumors. Common UAE Residency Requirements include: Employment Visa: Obtaining a job with a UAE-based company is one of the most common ways to secure residency. Property Investor Visa: Investing in real estate above a certain value (typically AED 750,000 or AED 2 million, depending on the visa type) can qualify for a long-term residency. Entrepreneur Visa: Individuals who establish a new business in the UAE that meets specific criteria can apply for this visa. Freelance Visa: Dubai offers a specific freelance visa for certain professions, allowing individuals to work independently. Retirement Visa: For those over 55 who meet specific financial criteria. Student Visa: For individuals enrolled in accredited educational institutions in the UAE. For crypto investors specifically, if their wealth is primarily in virtual assets, they would need to convert these assets into a form that meets the criteria for existing visa categories, such as investing in qualifying real estate or establishing a legitimate, licensed business in the UAE that aligns with entrepreneurial visa requirements. Simply holding crypto assets does not, at present, qualify one for a Golden Visa. Conclusion: Clarity in a Dynamic Landscape The recent denial by UAE authorities regarding golden visas for crypto investors serves as a vital reminder to always seek information from official and verified sources. While the UAE remains a pioneering force in the global virtual assets landscape, attracting businesses and fostering innovation through clear Virtual Assets Regulation , its residency programs operate under specific, established criteria. The UAE Golden Visa is a prestigious offering designed for specific categories of individuals, and currently, holding cryptocurrencies is not a direct pathway to eligibility. For aspiring expats and Crypto Investors UAE -bound, the message is clear: explore the many legitimate avenues for residency, such as employment, traditional investment, or entrepreneurship. The UAE continues to be a welcoming and dynamic environment, but navigating its opportunities requires adherence to its well-defined rules and regulations. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum institutional adoption. This post UAE Golden Visa: Crucial Reports Debunked for Crypto Investors first appeared on BitcoinWorld and is written by Editorial Team
Ricardo Salinas Pliego, a prominent Mexican billionaire, has publicly endorsed Bitcoin as a superior investment compared to traditional real estate holdings, citing concerns over fiat currency instability. Allocating approximately 80%