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Trump to deliver keynote at world's largest bitcoin conference

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Trump to deliver keynote at world's largest bitcoin conference

Former President and current Republican presidential nominee Donald Trump will deliver the keynote address at the world’s largest cryptocurrency conference. 

Trump will speak at the Bitcoin 2024 conference in Nashville, Tennessee on Saturday as he seeks to make cryptocurrency a wedge issue between himself and Vice President Kamala Harris, his Democratic rival.

Cryptocurrency traders hope that the former president’s keynote speech will help move Bitcoin more into the mainstream.

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PRO-CRYPTO PAC LAUNCHES AHEAD OF TRUMP VISIT TO BITCOIN CONFERENCE

Production workers set up teleprompters and a podium ahead of a keynote speech at the Bitcoin 2024 conference at Music City Center in Nashville, Tennessee. (Jon Cherry/Getty Images / Getty Images)

Trump was once a major skeptic of the cryptocurrency industry, saying in 2019, “We have only one real currency in the USA, and it is stronger than ever. It is called the United States Dollar!”

But his campaign has embraced the concept in recent years as libertarian-minded financial technology advocates have pitched crypto as an avenue of decentralizing wealth.

Trump’s running mate, Ohio Sen. JD Vance, brings his own crypto street cred to the presidential race. 

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TRUMP BECAME COUNTRY’S ‘FIRST CRYPTO PRESIDENT’ DURING HIS FIRST YEAR IN OFFICE, FORMER CFTC REGULATOR SAYS

A staff member carries a standee of former President Donald Trump in the convention area of the Bitcoin 2024 conference. The conference, which is aimed at bitcoin enthusiasts, features multiple vendor and entertainment spaces and seminars by celebrit (Jon Cherry/Getty Images / Getty Images)

Since being elected to the Senate in 2022, he’s introduced and voted in favor of pro-crypto legislation, is a holder of the number one digital currency, Bitcoin, and has been a staunch critic of Securities and Exchange Commission chair Gary Genlser’s regulatory crackdown on digital assets.

Trump’s advisor on crypto, former GOP presidential candidate Vivek Ramaswamy — who is reportedly being considered for a position in Trump’s cabinet — will also be speaking at the event. It’s unclear if Vance will make an appearance.

Independent presidential candidate Robert F. Kennedy Jr. spoke to the conference on Friday.

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A person records on their phone while Independent Presidential candidate Robert F. Kennedy Jr. gives a keynote speech during the Bitcoin 2024 conference. (Jon Cherry/Getty Images / Getty Images)

Trump’s participation in the conference has already materially benefited Bitcoin holders as the digital token’s price has risen approximately 4%. 

A single Bitcoin is currently worth just under $68,000, though that price fluctuates day-to-day.

Fox Business’s Eleanor Terrett contributed to this report.

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Crypto

Bitwise Turns ‘Really Bullish’ on Ethereum and Solana as Stablecoins Drive Structural Demand Shift

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Bitwise Turns ‘Really Bullish’ on Ethereum and Solana as Stablecoins Drive Structural Demand Shift
Bitwise says shifting crypto narratives are really bullish for Ethereum, Solana, and stablecoins, citing structural demand, ETF accumulation exceeding issuance, and regulatory momentum that could drive the market’s next growth phase into 2026 and beyond.
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Crypto

Summit County Sheriff’s Office recovers over $100,000 in cryptocurrency investigation

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Summit County Sheriff’s Office recovers over 0,000 in cryptocurrency investigation

SUMMIT COUNTY, Ohio (WOIO) – A City of Green resident reported being the victim of a cryptocurrency investment fraud in early October, resulting in a significant financial loss and opening an investigation.

The Summit County Sheriff’s Office Detective Bureau initiated an investigation utilizing detailed information and financial records provided by the victim.

According to a release from the sheriff’s office, there was assistance from Jackson Township Police Department’s cryptocurrency recovery “Trace Team” and detectives were able to successfully trace and recover $110,000 of stolen funds.

The sheriff’s office reminds the public to remain alert regarding cryptocurrency investment scams and fake investment platforms.

These schemes often begin by encouraging small initial investments that appear to generate returns, creating a false sense of credibility.

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The sheriff’s office said once trust is established and larger investments are made, the funds are frequently transferred and become inaccessible.

For public safety, people are encouraged to thoroughly search any investment opportunity and exercise caution when dealing with unsolicited or online investment platforms.

The release from the sheriff’s office says that if anyone believes they may be a victim of cryptocurrency or investment fraud, they should immediately contact their local law enforcement agency and file an online complaint with the FBI’s Internet Crime Complaint Center at www.ic3.gov.

The Summit County Sheriff’s Office said it remains committed to protecting the community and working with partner agencies to investigate and combat financial crimes.

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Crypto

Bitcoin Mining Promises Under Fire as SEC Alleges $48.5M Investor Funds Were Misused

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Bitcoin Mining Promises Under Fire as SEC Alleges .5M Investor Funds Were Misused
Federal regulators are tightening the vise on crypto investment schemes, spotlighting alleged fraud tied to bitcoin mining that raised nearly $100 million while misleading thousands of investors about operations, capacity and the use of their money.
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