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Democrats Launch "Crypto for Harris" to Rival Trump’s Crypto Appeal: FOX Business

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In a strategic move to counter Donald Trump’s growing appeal within the cryptocurrency industry, Democrats have launched the “Crypto for Harris” campaign, FOX Business’ Eleanor Terrett reported today. This initiative, led by a pro-Kamala Harris advocacy group, aims to rally support from crypto voters for Vice President Harris as she vies for the presidency.

Next week, “Crypto for Harris” will host a virtual town hall featuring prominent crypto advocates such as Mark Cuban and Anthony Scaramucci, alongside several Democratic House members. The event aims to discuss support strategies for the Harris campaign and fundraising efforts. FOX Business stated that members of Kamala Harris’ campaign are also expected to be at the upcoming meeting.

As the presidential race tightens between Harris and Trump, Trump has gained significant traction within the Bitcoin and crypto sector. He recently headlined the Bitcoin 2024 Conference in Nashville, raising tens of millions of dollars and promising the creation of a strategic Bitcoin reserve if elected president in November. Trump has also recently floated the idea about using this Bitcoin to pay off the country’s $35 trillion in debt.

There is an estimated 50 million Bitcoin and cryptocurrency holders and users in the United States, and now both the Democrats and the Republicans are going to be trying their best to appeal for their vote. Earlier this year in May, Donald Trump said “I will ensure that the future of crypto and Bitcoin will be made in the USA…I will support the right to self custody to the nations 50 million crypto holders.”

“We’re not giving this issue to Trump,” Democrat U.S. Congressman Wiley Nickel told FOX Business. “We want to encourage innovation and protect consumers, but allowing crypto to become a political football is only going to set the U.S. further behind.”

FOX Business has learned that Harris, countering Trump’s influence, has added two crypto advisers to her campaign: David Plouffe, who served on the advisory board Binance, and Gene Sperling, a former Ripple board member.

Kamala Harris’ campaign staff did not return FOX Business’ calls for comment at the time of publication.





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Analyst

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

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By&nbspClark

A leading crypto analyst has drawn a bold comparison between ETFSwap (ETFS) and Shiba Inu (SHIB), suggesting that buying ETFS at its current price of $0.03846 could offer the same massive growth potential as investing in Shiba Inu (SHIB) did back in 2020. With such a promising outlook, many investors are paying close attention to this emerging opportunity.

Why ETFSwap (ETFS) Might Surpass Shiba Inu’s 2020 Surge

At its current price of $0.03846, ETFSwap (ETFS) is leading the profitable wave of tokens that have the potential to transform lives in the market. Given the increase in demand for ETFS tokens during the current presale round, the crypto analyst projects that purchasing ETFSwap (ETFS) is like buying Shiba Inu in its initial stages of 2020. 

Beginners in cryptocurrencies can trade ETFs with ease thanks to ETFSwap’s (ETFS) user-friendly interface, which offers excellent profit opportunities around the clock. By enabling swapping between cryptocurrencies and ETFs, ETFSwap (ETFS) facilitates asset transfers across marketplaces with affordable costs and secure interfaces. 

Shiba Inu’s 2020 success is in jeopardy because the cryptocurrency market hasn’t had a platform with this kind of usefulness. Beyond market expectations, the ETFSwap (ETFS) system provides traders within its ecosystem with unparalleled flexibility and liquidity. This is due to the fact that, in contrast to conventional platforms, it permits asset trading without expiration. 

Furthermore, the ETFSwap (ETFS) system outperforms Shiba Inu by giving investors access to financial data via sentiment monitoring, forecasting algorithms, real-time data, and sophisticated analytics via its AI-powered ETF Screener and Tracker. The ETFSwap (ETFS) platform enables tokenized assets secured by stocks from authorized financial markets to be used by MiCa-compliant regulated investment enterprises. 

With the recent acquisition of a SOLIDProof certification of compliance for KYC verification, ETFSwap (ETFS) should be able to offer users more asset control and enhance the ecology of the platform. 

CyberScope audits also validate ETFSwap’s (ETFS) blockchain technology dedication to customer privacy and security. The bold prognosis of the crypto analyst has been drawn to this concentration on a secure trading environment. 

With plans to launch an ETF by 2025, ETFSwap (ETFS) poses a serious threat to Shiba Inu’s 2020 success. The beta platform is set to launch in a few days and is anticipated to increase market momentum. 

Shiba Inu’s Meteoric Rise In 2020

Shiba Inu, a decentralized cryptocurrency that was launched in 2020, saw an incredible increase that made its early supporters wealthy in less than a year. During that year’s incredible ascent, Shiba Inu saw an unprecedented 2,000% increase in value, rising from $0.00001 in 2020 to an all-time high of $0.00008845. 

This was the biggest rise the market had ever seen. Crypto analysts and other investors are keeping a close check on ETFSwap’s (ETFS) current presale round, which is valued at $0.03846, in an attempt to beat Shiba Inu’s record bullish trend of 2020 by getting in early. These investors might profit substantially from the platform if this encouraging trend keeps up. 

Conclusion

The crypto analyst is intrigued by the current ETFSwap (ETFS) presale due to its low price of $0.03846 and the possibility of large rewards. Owing to this demand, the crypto analyst believes that ETFSwap (ETFS) will exceed Shiba Inu’s 2020 performance. 

In less than three days, more than two million tokens have been sold during the current presale round, which is anticipated to conclude soon. Given the price of $0.03846 and the 50% discount on each transaction, the crypto analyst sees the presale phase as an incredible opportunity to improve people’s lives. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Clark

Head of the technology.

#Press Release

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America Loves Crypto

Key Battleground State Pennsylvania Hosts Day Five of the America Loves Crypto Tour

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On a cool autumn evening in Philadelphia, PA, more than just crypto bros showed up in The City of Brotherly Love to show their support for Bitcoin and crypto on the fifth stop on the America Loves Crypto tour. A diverse crowd of approximately 200, split evenly between men and women, filled Vinyl, a stylish venue in the heart of the city where the event was hosted. The size and enthusiasm of the crowds on this tour has grown considerably as it has rolled on, lending some credence to the notion that the crypto voting block may play a role in swaying major races in US elections come November.

The speakers on this tour date included former US Senator and member of Coinbase’s Global Advisory Board Pat Toomey (R); former Congressman Patrick Murphy (D), Kara Calvert, Head of US Policy at Coinbase; Dominic Folino, President of the Pennsylvania Blockchain Coalition; David Johnson, General Council and Strategic Advisor at The Giving Block; Cody Eddings, co-founder and CEO of Snap Refund; and Sam Weinrott, co-founder of PizzaDAO. Electronic pop artist Lauv headlined the event.

The theme at the event was that Pennsylvanians, 1.4 million of which are crypto owners, have a big role to play if they want to help move the US in a more pro-crypto direction. Pennsylvania is one of the seven swing states that will likely decide the outcome of the US Presidential election in November, and it’s the one with the most electoral votes: 19. Given that the number of that state’s residents who own crypto is 18 times the vote differential between President Biden and former President Trump in the 2020 Presidential election, it’s imperative that pro-Bitcoin and pro-crypto Pennsylvanians vote, which the speakers at this event made clear.

Former Politicians Urge Pro-Crypto Pennsylvanians To Vote

As one of the first speakers at the event, Toomey, a long-term crypto advocate, set the tone for the evening, calling on voters to vote anti-crypto politicians out of office.

“My former colleagues have not been able to get legislation across the goal line [and] an out of control Securities and Exchange Commission [SEC] is casting a dark shadow over all kinds of crypto development,” began Toomey from the stage.

“The growth of this whole sector should be happening in the United States of America. We’ve got the head start. We’ve got the tremendous entrepreneurship. We’ve got the infrastructure. But, increasingly, some of the most talented people in our country are leaving because there are jurisdictions overseas that have provided legal clarity about this,” he added.

“There are some folks in Congress on both sides of the aisle that are very in favor of allowing crypto to really develop and thrive. And there are others who are very hostile. My suggestion: some of the hostiles need to lose an election.”

Murphy brought a similar energy, as he highlighted the importance of Bitcoin and crypto as well as Pennsylvanians’ role as voters to protect it.

“The whole point of crypto is the fact that we don’t have to rely on a government or a central bank,” said Murphy, making the point that we can use the technology to control our own destiny.

He then seconded Toomey’s call to action regarding voting anti-crypto politicians out of office.

“He was absolutely right when he said there’s people that are not for us, and we should hold them accountable,” said Murphy.

To do so, Murphy hammered home the point that Pennsylvania voters have a key role to play in this election.

“There are only really six states that are going to control this election, [and] Pennsylvania [is one with] 19 electoral votes,” said Murphy. “So, we have an incredibly important voice, but only if we use it.”

Founders Ask For Clear Crypto Rules

Following the talks from Toomey and Murphy was a founders panel featuring Johnson, Folino, Eddings and Weinrott.

Much like what was discussed on a panel on the first stop on the tour, the founders present asked for little more than clear rules of the road for crypto from the US regulatory apparatus.

“Being compliant in crypto right now in the US is incredibly hard because, as much as you want to follow the rules, it’s not always clear what the rules are,” said Johnson.

“Too many folks in Washington either don’t understand the technology, don’t care to understand it, or, in many cases, unfortunately, are hostile to it. The reality is innovators are gonna innovate, whether it’s here or somewhere else,” he added.

Founders share their thoughts on crypto regulation in the US.

“We know that crypto is the future of payments, and the reason we’re out here supporting this is that we want that to happen in the US, not elsewhere.”

Folino chimed in, sharing his thoughts on the roadblocks preventing the crypto industry from flourishing in the US.

“Politicians, regulation and one Senator whose name we all know I think is a real big reason why we’re not moving forward,” said Folino, presumably referring to Senator Elizabeth Warren, head of the anti-crypto army. “Everyone has to get out and vote; everyone has to continue to educate everyone they can.”

Folino is no stranger to educating others, including policymakers in Pennsylvania, about Bitcoin and crypto. Through his work at the Pennsylvania Blockchain Coalition, he frequently speaks with state-level politicians.

“Folks absolutely want to get it,” Folino told Bitcoin Magazine about the elected officials and bureaucrats who he educates in Pennsylvania.

“We’ve got a lot of more open-minded members in the PA State House. And I think they’re getting it in the Senate, as well,” he added, before sharing that crypto will be a pivotal issue in upcoming PA elections in both this election cycle and even more so in the future.

A Sophisticated Voter Base

Calvert echoed Folino’s sentiment that crypto would continue to become a bigger voting issue as time goes on. She’s also been pleasantly surprised by not only how many have raised their voices to make crypto an issue in this election cycle, but by how sharp those who have spoken up and come out to the America Loves Crypto tour events are.

“It’s a really sophisticated crowd,” said Calvert of the tour’s attendees. “I expected more people who were just coming out for the artists, and what I’ve discovered is it’s people who really, really care deeply about crypto.”

Calvert also commented on the fact that those in attendance are not only educated when it comes to crypto but are active voters, as well.

“In Detroit I asked the question ‘How many people know where their polling place is?’” said Calvert, before mimicking the majority of the crowd’s reaction by shooting her own hand into the air.

“I was blown away. So, it’s not just the sophistication of them as crypto owners, [but] their sophistication as voters. In Milwaukee, same thing. And here, same thing. I’ve been stunned by how sophisticated they are,” she added.

In part because of what she’s seen on the tour, Calvert believes that the Bitcoin and crypto industry will find a home in the US.

“America is going to win,” said Calvert.

“You can’t prevent innovation from happening. You can make it a lot harder. You can create barriers. But ultimately, I think innovation wins out,” she added, before noting that the new, powerful crypto voting block has to get out and vote in November to help expedite this process — especially in a state like Pennsylvania.

The final date of the America Loves Crypto tour is scheduled for Wednesday, September 18, at The Black Cat in Washington, DC and will feature a performance by The Chainsmokers. You can RSVP to the event here.



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Bitcoin

Analyst Predicts New ‘Blood Monday’ With 0.50% Fed Rate Cut Looming

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Este artículo también está disponible en español.

As Bitcoin (BTC) grapples with a challenging market environment, it has struggled to regain momentum, hovering around the $53,000 and $60,000 levels for six consecutive weeks. 

After losing the crucial $70,000 threshold on August 1, the largest cryptocurrency remains at risk of further declines, particularly with the upcoming Federal Reserve (Fed) meeting on September 18, where a 0.50% rate cut could significantly impact its price.

BTC’s Future Hangs In Balance

Recent insights from crypto analyst Doctor Profit suggest that the market is closely divided, with equal chances—50%—of a 0.25% or 0.50% rate cut. However, Doctor Profit is confident that the Fed will opt for the larger cut, citing a need for decisive action in the current economic climate. He notes, “A 0.25% cut is simply too little for where we are now.” 

The analyst argues that failing to implement a 0.50% cut could lead to market turmoil reminiscent of the “Blood Monday” experienced on August 5, which saw Bitcoin plummet to lows of $48,900, resulting in a nearly 25% price drop.

According to Doctor Profit, this could include acknowledging the Fed’s past strategies and an optimistic outlook for the economy, potentially paving the way for future rate cuts.

Given these potential scenarios, the analyst warns of the potential for market manipulation and “scam wicks” that could mislead investors on both sides of the trade. In addition, geopolitical tensions, particularly regarding the Israel-Lebanon situation, add another layer of complexity and may exacerbate market fears and volatility.

Despite the short-term risks, Doctor Profit remains bullish on Bitcoin’s long-term prospects, particularly through the end of Q3 2025.

The analyst believes that any short-term panic will ultimately be countered by a return to expansive monetary policy, as seen in the recent influx of USDT and other cash injections into the market. He highlights that once the rate cuts are implemented, the Fed’s money printing will likely resume, providing a foundation for recovery.

Bitcoin Price Analysis

Looking deeper into the current price action, analyst Ali Martinez recently noted that Bitcoin trades within a parallel channel on the hourly chart. 

Martinez contends that Bitcoin could bounce back to the middle or upper levels if the lower border holds, targeting $60,200 or $62,000. However, Martinez warns that a break below the support level of $58,100 could lead to a drop towards $55,000.

Zooming out to a broader perspective, Martinez also highlights concerning trends in Bitcoin’s Market Value to Realized Value (MVRV) Momentum. Since breaking below the $66,750 mark in June, Bitcoin has been in a downtrend, and this negative trend has yet to show signs of reversal. 

To invalidate this indicator, BTC needs to break above this level and reclaim it as support, which could signal the continuation of an expected rally towards the all-time high of $73,700 reached in March this year.

Bitcoin
The daily chart shows that BTC’s price is trending downward. Source: BTCUSDT on TradingView.com

When writing, the largest cryptocurrency on the market is trading at $58,440, recording losses of over 3% in the 24-hour. 

Featured image from DALL-E, chart from TradingView.com



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