Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Trump’s Crypto Plans, Gaetz’s El Salvador Proposal, And More: This Week In The Cryptocurrency World
    Cryptocurrency

    Trump’s Crypto Plans, Gaetz’s El Salvador Proposal, And More: This Week In The Cryptocurrency World

    August 11, 20242 Mins Read


    The past week in the world of cryptocurrency was nothing short of eventful. From Rep. Matt Gaetz‘s (R-Fla.) proposal to downgrade travel advisory to El Salvador to the fluctuating fortunes of the Trump-themed “Restore the Republic” coin, there was no shortage of intriguing developments. Let’s dive into the top stories of the week.

    Gaetz Urges Downgrade of El Salvador Travel Advisory

    The Congressional El Salvador Caucus, led by Gaetz and Rep. Vicente Gonzalez (D-Texas), has called on the Biden administration to ease the travel advisory for El Salvador from Level 3 to Level 1. The caucus believes that this move will encourage normal precautions for travelers, rather than the current “Reconsider Travel” advice.

    Read the full article here.

    ‘Restore the Republic’ Coin Sees Dramatic Drop

    A new cryptocurrency on the Solana blockchain, named ‘Restore the Republic’, saw its market value plummet by 95% after Eric Trump confirmed that it was not the official coin associated with his father, Donald Trump. The coin’s value had soared to $155 million before the clarification.

    Read the full article here.

    See Also: Bitcoin, Ethereum, Dogecoin Facing Wednesday Woes: ‘Correction To $54,500 If BTC Breaks $56,800 Support’

    Trump’s Bitcoin Debt Plan Questioned

    Renowned economist Justin Wolfers expressed skepticism about former President Donald Trump’s plan to use Bitcoin to pay off the U.S.’s $35 trillion debt. Wolfers, a professor at the University of Michigan, questioned Trump’s understanding of debt, cryptocurrency, and economics.

    Read the full article here.

    Crypto Markets See Green

    Cryptocurrency markets traded higher last week, with the first Solana ETF approved in Brazil.

    Read the full article here.

    Trump Advocates for Crypto

    Former President Donald Trump voiced his support for cryptocurrencies, stating that the U.S. government should not be selling Bitcoin. In an interview, Trump referred to cryptocurrencies as “modern currencies” and noted that if the U.S. doesn’t build it, China will.

    Read the full article here.

    Read Next:

    This story was generated using Benzinga Neuro and edited by Anan Ashraf.

    Photo courtesy: Shutterstock

    Market News and Data brought to you by Benzinga APIs

    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    New Cryptocurrency Releases, Listings, & Presales Today – JuChain, Ceylon, Zentium Tech

    Cryptocurrency

    Cryptocurrency Today: Why BAY Miner Is Redefining the Future of Digital Mining

    Cryptocurrency

    Pakistan Prepares Digital Currency Pilot, Central Bank Confirms

    Cryptocurrency

    Nigeria’s eNaira & Forex Liquidity

    Cryptocurrency

    Pakistan to launch digital currency pilot soon

    Cryptocurrency

    You can soon pay for your Emirates flight using cryptocurrency

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Polymarket Whale Traders Undeterred By Kamala Harris’ Crypto Silence, Hold Over $2M Worth Of Positions On Election Success

    Precious Metal

    Adam Silver met les choses au clair avec le trade de Luka Doncic : « Je ne peux pas faire ça »

    Stock Market

    Trump’s Tariffs Aren’t The Only Problem For The Stock Market

    Editors Picks

    Cathay Pacific Airways Leads Three SEHK Dividend Stocks To Consider

    July 14, 2024

    Gold price in Philippines: Rates on October 16

    October 16, 2024

    Why Virtual Numbers and Cryptocurrency Are a Perfect Match for Privacy-Focused Users

    June 5, 2025

    D.C. United’s Steven Birnbaum retires after painful injuries and recoveries

    July 16, 2024
    What's Hot

    Landlords’ lot – soaring costs and confusing legislation

    October 25, 2024

    New Stablecoin from Transactix Reshaping Canadian Cryptocurrency Landscape

    May 14, 2025

    Risesun Real Estate annonce une perte nette de 895,3 millions de yuans au premier trimestre

    April 27, 2025
    Our Picks

    Ghana’s Regina House in the UK Has Not Been Seized – Papa Owusu-Ankomah Clarifies | General News

    August 22, 2024

    Zhejiang China Commodities City Group signe un accord de coopération stratégique avec Alibaba Cloud

    April 15, 2025

    Silver Knights can’t get bats going in 3-1 loss at Vermont | News, Sports, Jobs

    July 14, 2024
    Weekly Top

    Credas launches digital wallet, payments as property sector adapts to UK changes

    July 9, 2025

    Pakistan Prepares Digital Currency Pilot, Central Bank Confirms

    July 9, 2025

    Un duel “Next Gen” au premier tour du FIP Silver de Narbonne !

    July 9, 2025
    Editor's Pick

    Apple bouleverse encore les règles de l’App Store

    June 27, 2025

    Joy City Property enregistre des ventes contractuelles de 20,5 milliards de yuans en 2024 -Le 14 mars 2025 à 07:32

    March 13, 2025

    U.S. House Prices Rise 5.7 Percent over the Last Year; Up 0.9 Percent from the First Quarter of 2024

    August 27, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.