In a surprising development, the US president has announced he will not seek a second term, sending the election into uncharted territory.
As a result, the Democratic Party must now select a new candidate to face Republican nominee Donald Trump in the November election, a contest already characterized by tension, division, and even an assassination attempt.
This announcement follows months of speculation regarding President Biden’s age and fitness for office, exacerbated by several high-profile gaffes and a poor debate performance.
Despite his insistence that he was the best candidate to defeat Trump, there were increasing calls within his own party for him to step aside.
Biden recently tested positive for COVID-19 while on the campaign trail, experiencing mild symptoms including general malaise. Attention now shifts to who will succeed him, with the selection likely to take place at the Democratic National Convention in August.
The presumptive Democratic nominee is now Vice President Kamala Harris: Online chatter began to focus on her taking Biden’s place on the ticket after the president’s disastrous June 27 debate.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Following the April 14 exploit that disrupted operations, KiloEx has revealed a compensation plan for impacted users. The plan covers three core groups: traders, Hybrid Vault stakers, and VIP users.
Ripple Labs quietly emerged as one of the largest financial backers of Donald Trump’s presidential inauguration, contributing nearly $5 million just months before federal regulators began softening their stance toward the company.
Amid rising regulatory pressure and political uncertainty in South Korea’s crypto sector, Bithumb is restructuring its business in a strategic move ahead of a planned IPO.