#BTC
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US presidential candidate Robert F. Kennedy Jr. disclosed that he invested in Bitcoin earlier this year, buying two BTC for each of his seven children. This move came after facing criticism for promoting the cryptocurrency without having any personal stake in it.
Kennedy clarified that he made the investment right after attending a Bitcoin conference where he announced his decision to accept campaign donations in Bitcoin.
“Right after that Bitcoin conference, I got a big check, and I said, okay, you know, I’m going to put my money where my mouth is.”
During the conference, he denied having any personal investment in the cryptocurrency. However, he later decided to invest in Bitcoin to demonstrate his commitment to the technology and its potential. 
Contrary to forecasts, the value of Salvadoran bonds rose by 62% after Fitch downgraded the country's credit rating in September 2022. Perhaps the 79% surge in BTC during the same period played a role in this unexpected turn of events.
In 2021, El Salvador declared Bitcoin as legal tender and currently holds 2546 BTC. Despite skepticism from the IMF, the country also allocated $1 billion for the construction of a mining farm with a capacity of 241 MW. 
BTC and PAXG Chart Analysis for July 12, 2023
In light of the US inflation data set for release on July 12 at 8:30 AM ET (12:30 PM UTC), it's captivating to assess the state of market assets like gold, along with Bitcoin. Here's our breakdown of the market conditions for the cryptocurrencies Bitcoin (BTC) and PAXG (Pax Gold). 
Crypto payments processor Alphapo has reportedly been robbed of at least $23 million in Ethereum, Tron, and Bitcoin, according to blockchain analyst ZachXBT.
The stolen funds on Ethereum were exchanged for ether and then moved to the Avalanche and Bitcoin networks. The exact amount of stolen Bitcoin remains unknown.
Alphapo's client, HypeDrop, has subsequently suspended withdrawals, noting issues with both withdrawals and deposits of BTC, ETH, and TRX. Despite the situation, HypeDrop assured users that their funds remain secure. 
The SEC Sets Its Sights on AI
The U.S. Securities and Exchange Commission (SEC) is broadening its horizons, extending its reach beyond BTC and altcoins to the AI market. This surprising development came to light when the former Chairman of the Commission discussed the latest regulatory initiatives involving cryptocurrencies.