24/7 Cryptocurrency News
Will Kamala Harris Sideline Senator Warren to Protect Crypto Industry?
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3 hours agoon
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adminDuring the recent fundraiser at Cipriani Wall Street in Manhattan on Sunday, US Presidential nominee Kamala Harris vowed to grow investments in the crypto industry if elected. This is probably the first pro-crypto statement from Harris in this election campaign as her Democratic colleagues like Senator Warren continue to work on stifling crypto innovation.
Kamala Harris Supports Crypto Industry
While pitching her economic agenda to donors in New York City on Sunday, September 22, Kamala Harris has vowed to boost investments in artificial intelligence (AI) and crypto if elected to power at the White House. He also added that her economic agenda would help boost innovation along with focused regulations thereby protecting investors and consumers. As per the Bloomberg report, Harris said:
“I will bring together labor, small business founders and innovators and major companies. We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.”
The US Vice President is also getting major support from crypto industry players with Anthony Scaramucci working on her crypto policies. However, unlike her opponent, Kamala Harris hasn’t walked the talk when it comes to showing support for crypto. ETF Store President Nate Geraci stated that empty promises won’t do much of a difference. Instead, actions would help!
Actions on digital assets…
Not words.
Could take positive actions right now. https://t.co/GHFHZdeEai
— Nate Geraci (@NateGeraci) September 22, 2024
Will the VP Go Against Senator Warren?
Massachusetts Senator Elizabeth Warren has been working to throttle innovation in the crypto industry by targeting crypto-friendly banks. Crypto industry veterans also hold her responsible for the Silvergate Bank bankruptcy filed last week adding that how she’s lobbying for big market players. they also believe that Senator Warren has been the architect of Operation Choke Point 2.0 under the Biden administration.
what actually happened:
– Warren encouraged a bank run against Silvergate because she saw an opportunity to harass a pro-crypto institution after FTX collapsed
– Warren uses talking points dreamed up by Silvergate short seller Cohodes – Cohodes did not deny having contacted…
— nic carter (@nic__carter) September 21, 2024
Custodia Bank CEO Caitlin Long also wrote that he Warren faction within federal agencies attempted to shut down all crypto-focused banks. Every crypto-native bank on the list has either been closed or “voluntarily” scaled back, except for Custodia Bank. Custodia has survived and continues to fight.
Interstingly, it will be crucial to see whether Kamala Harris can take the batton and sideline Senator Warren with he anti-crypto agenda. Coinbase chief policy officer Faryar Shirzad said:
“In DC, Presidents send signals for good or for bad. Joe Biden, let it be known that Senator Warren controlled fin reg, so we had a mindless and destructive multi-year war against US innovation. Kamala Harris going out of her way to mention crypto should send a clear message that the Biden/Warren era of destruction is over. We should press for more, but her statement today means a lot and we should recognize that”.
XRP lawyer John Deaton, the Reublican nominee from Massdachutes is all set to take Elizabeth Warren in the upcoming presidential election. The first Deaton vs Warren debate will happen on October 15.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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BTC & Altcoins Volatile Post-FOMC, Binance Unveils Listings
Published
22 hours agoon
September 22, 2024By
adminThe crypto realm has closed another week with attention-nabbing developments unfolding across the broader sector. Bitcoin & Altcoins saw increased turbulence after the U.S. FOMC meeting this month, whereas the BoJ announced unchanged interest rates, adding to speculations. Simultaneously, in light of key market events, BTC price fluctuated, driving the broader volatility.
Crypto Market Turbulent Post-FOMC & BoJ Interest Rate Decisions
Notably, the U.S. Fed’s latest decision of an interest rate cut by 50 bp has conversely sparked price fluctuations within the crypto sector. After riding a rollercoaster ride, BTC price closed this week at $63K, up from $59K in the past seven days.
Meanwhile, the Bank of Japan announced unchanged interest rates at 0.25%, adding to speculations on the market’s future price movements.
BitMEX co-founder’s remarks in the aftermath of the Fed’s rate cuts have raised further investor concerns. Talking at Token2049, Arthur Hayes warned that a rate cut may cause the crypto market to crash.
However, as Q3 ends, market sentiments remain optimistic due to Q4 being seasonally bullish for risk assets.
Binance Uncurtains A Stockpile Of Listings
Simultaneously, this week saw cryptocurrency exchange behemoth Binance expanding support for several tokens. The CEX launched KDAUSDT USD-Margined perpetual contract this week, pushing Kadena price up nearly 30%.
Moreover, the exchange listed Solana Name Service (FIDA) in another mover, causing the token’s price to pump. Also, TON-based Catizen went live on the exchange this week, with even CATI price soaring over 30%. UXLINK, another token, extended its weekly gains to 110% on UXLINKUSDT Binance futures listing. Altogether, the CEX giant Binance has garnered significant attention with its stockpile of listings this week.
Other News From Around The Globe
Meanwhile, some other buzzworthy crypto headlines for this week are:
BY Mellon was exempted from the SEC‘s SAB 121 this week, allowing the bank to offer crypto custody services.
Also, this week saw Bitcoin critic Peter Schiff warning of a BTC price crash to $20K looming over the digital asset horizon. Meanwhile, Ethereum co-founder Vitalik Buterin transferred a whopping 1.3K ETH, sparking speculations over Ethereum’s price among cryptocurrency enthusiasts.
Simultaneously, stablecoin giant Circle announced collaboration with Sony to bring bridged USDC to Soneium, Layer 2. In addition, American billionaire Elon Musk met El Salvador president Nayib Bukele this week to talk about emerging technologies. These developments collectively have set off waves across the globe.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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John Deaton Confirms Debate Date With Senator Elizabeth Warren
Published
1 day agoon
September 22, 2024By
adminPro-XRP lawyer John Deaton, the Republican nominee for the Massachusetts seat has now confirmed that he will challenge Democratic Senator Elizabeth Warren in a much awaited debate on 15 October 2024. This will be the first time both the candidates will come face to face to present their views on financial regulation, cryptocurrency, and the government’s part in the economy.
The debate also presents the perfect platform for the next political step with Vice President Kamala Harris and the Ex President of the United States, Donald Trump, also planning for their next debate.
John Deaton Confirms Debate Date With Senator Warren
Pro-XRP lawyer John Deaton who recently clinched the Republican nomination in the state of Massachusetts, confirmed the debate through X (formerly Twitter). Deaton has positioned himself as a staunch advocate for smart, tailored regulations in the cryptocurrency sector and has been a vocal critic of what he describes as Warren’s anti-crypto agenda.
He has claimed that Senator Warren is working for large banks, saying that her conduct is inconsistent with her words.
🧨 🔥 NOTICE: 🔥 🧨
ON OCTOBER 15, WE HAVE OUR FIRST DEBATE@SenWarren has effectively become America’s number one lobbyist for Big Banks.
Never pay attention to what career politicians like @ewarren say – pay attention to what they do.
For example, she decried how banking… https://t.co/G6NAmSBt70 pic.twitter.com/oUqMtTSoOs
— John E Deaton (@JohnEDeaton1) September 21, 2024
John Deaton has pointed out that Warren has been an outspoken critic of bank executives while at the same supporting bank bailouts during the Great Financial Crisis. He suggests that she is not acting out of accountability but rather as a political move. Deaton further explained that Warren’s policies are designed to ensure that the existing financial system is shielded in the detriment of innovation within the crypto space.
Warren’s Crypto Regulation Stance Under Scrutiny
Senator Warren has been one of the most vocal critics of the cryptocurrency industry, advocating for increased regulation of the digital asset space in the past. Recently, she has alleged that some conservative organizations backed by the crypto industry are peddling falsehoods to discredit her.
Warren also listed the Winklevoss twins, founders of the Gemini exchange as supporters of these groups and indicated that they stand against proper regulation that would protect consumers.
Nevertheless, John Deaton and other industry supporters have dismissed Senator Elizabeth Warren’s allegations stating that she is merely going after the crypto investors and firms while turning a blind eye to other related issues in normal banking. The Pro-XRP lawyer has also argued that less than one percent of cryptocurrencies transactions are associated with criminal activities while several hundreds of billion dollars are estimated to be laundered every year via major banking systems.
Debate to Focus on Crypto and Financial Sector Accountability
The upcoming debate will most likely be focused on the questions of financial sector’s responsibility, cryptocurrency, and the government regulation.
John Deaton has depicted Warren as continuing with the tradition of looking for the interest of big banks through her legislation and association with the lobbyists from the financial sector.
He also states that Senator Elizabeth Warren’s proposed crypto regulations would suppress innovation and be detrimental to American investors, as well as not sufficiently penalize major financial firms for their misconduct.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Dogecoin Price Eyes 45% Bullish Breakout If This Condition Is Met
Published
1 day agoon
September 22, 2024By
adminDogecoin (DOGE) is showing signs of a potential bullish breakout as the popular meme-based cryptocurrency gains momentum. While one key technical condition has already been met, traders are closely watching for a critical price movement that could push DOGE significantly higher. Meanwhile, DOGE price has been bullish after support at the intra-day low of $0.1042 was set. At press time, Dogecoin was trading at $0.1093, a 4.20% surge from the intra-day low.
RSI Breakout Signals Potential Upside
The first condition signaling a potential bullish breakout for Dogecoin has been achieved, as the Relative Strength Index (RSI) broke its descending trendline on the daily chart. This technical indicator, commonly used to assess the momentum of an asset, suggests that buying pressure is increasing.
A breakout of the RSI trendline often precedes upward price movements, adding to the optimism among traders.
However, for the bullish momentum to gain full traction, Dogecoin needs to surge past the $0.11 resistance level. This price point has been a significant barrier in recent trading sessions, and a successful breakout above it could pave the way for further gains. Crypto analysts are monitoring this level closely as the next catalyst for DOGE’s potential 45% rally.
Whale Activity and Accumulation Patterns
Recent data indicates increased activity among large Dogecoin investors, commonly referred to as whales. A notable rise in significant DOGE transactions has been observed, which is often a precursor to substantial price movements.
The accumulation of DOGE by whales near key support levels, especially around $0.10, is seen as a positive signal.
Historically, whale buying patterns have been associated with subsequent price surges, and the current buying behavior suggests that a strong support level could trigger an upward rally. As large investors continue to accumulate DOGE, the possibility of breaking through critical resistance points grows stronger, which could further validate the bullish outlook.
Dogecoin Price Targets: Analyst Projections
Prominent crypto analyst Ali Martinez has outlined a series of price targets for DOGE price, highlighting a potential upward trajectory. According to Martinez’s analysis, DOGE could steadily rise to several key levels, starting with a move from the current $0.10 to $0.125, followed by $0.135, $0.16, $0.18, and eventually reaching $0.24. If achieved, this progression would represent a 45% increase from current price levels.
Martinez’s forecast comes amidst a period of heightened market volatility, with DOGE’s price experiencing fluctuations around the $0.10 mark. The analyst’s projections underscore the importance of surpassing the $0.11 resistance, which remains a critical hurdle in the path toward these higher price targets.
The derivatives market for Dogecoin is showing mixed signals, with a decline in trading volume and an increase in open interest. Data shows that Dogecoin derivatives volume has decreased by 23.54% to $696.91 million, which could indicate reduced trader interest or market liquidity. However, open interest has risen by 6.41% to $527.82 million, suggesting new capital entering the market and an increase in speculative positions.
Additionally, options volume for DOGE has surged dramatically, up by 370.09% to $53.64 million, alongside a significant rise in options open interest, which is up 224.82% to $78.39K. This growth indicates expanding participation in options trading, pointing to heightened expectations for DOGE price volatility in the near term.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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