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Dan Morehead, CEO of Pantera Capital, believes the United States will have a “reasonable blockchain policy” no matter who wins the November presidential election. In a recent newsletter, Morehead pointed to Vice President Kamala Harris’ decision to mention the blockchain space in a speech last week. At a campaign event in Pittsburgh on September 25, Harris spoke about the importance of the nation’s technological and industrial strength. “I will recommit our nation to global leadership in areas that will define the next century. We will invest in biomanufacturing and aerospace. We will invest in biomanufacturing and aerospace. Chain continues to…
Ethereum investors expect volatility to increase as the US elections approach, given the regulatory uncertainty in DeFi. In contrast to the ETH ETF inflows, a few whales sold some of their holdings. If Ethereum bounces off the key trend line, it could regain the $2,395 level. Ethereum (ETH) fell more than 4% on Thursday as the US election approaches and traders expect high volatility. Due to regulatory hurdles that the DeFi ecosystem has yet to overcome, the election results could trigger massive price movements for ETH. Ethereum volatility increases ahead of US presidential election Due to regulatory uncertainty surrounding the…
Dogecoin (DOGE) price faces a possible transition to a more pronounced downtrend, as recent technical signals suggest increasing bearish momentum. While selling pressure is building, key support levels remain in focus and could play a pivotal role in determining the next move. The coming days may reveal whether DOGE continues its decline or stage a reversal to resistance levels. DOGE Arun indicator shows bearish status Dogecoin’s Aroon indicator is currently showing a clear bearish trend, with Aroon down at 92.86% and Aroon up at only 7.14%. This means that while DOGE recently made new lows, the upward momentum is weak…
A widely followed cryptocurrency analyst says one catalyst could trigger a bull run in Bitcoin (BTC) and other digital assets. In a new video update, cryptocurrency strategist Jason Piggino tells his 334,000 YouTube subscribers that the recent BTC selloff could be due to the US dollar coming out of a slump. “Bitcoin also fell for a few days, but found a high when the USD found a low…Now we find ourselves today where we have just seen the USD break out of a downtrend. … And this appears to be putting pressure on Bitcoin, at least in the short term.…
Spot crypto ETFs are gaining momentum, and many expect the upcoming US election to influence their approval. The Securities and Exchange Commission’s recent appeal of the court’s ruling in the case against Ripple Labs could also prevent these types of funds from getting a regulatory green light. Investment firm Bitwise filed on Tuesday for an ETF that directly holds Ripple (XRP). Canary Capital appears to have applied for a similar product, according to the Delaware corporation’s website. Read more: Bitwise files SEC filings to launch Spot XRP ETF XRP, the digital asset that powers the XRP Ledger public blockchain, helps…
Transak secures first money transfer license (MTL) in Alabama, paving the way to expand crypto services across the U.S. This achievement strengthens Transak’s regulatory framework and makes crypto transactions safer for users. Masu. Transak is pleased to announce that it has received its first Money Transmission License (MTL) from the Alabama Securities Commission. This marks an important step in Transac’s mission to provide secure and accessible cryptocurrency services across the United States. The new license strengthens the company’s commitment to regulatory compliance and enables Transak to build a strong and compliant infrastructure within the U.S. cryptocurrency market. With this Alabama…
Visa has released a product that allows financial institutions to issue fiat-backed tokens on blockchain networks. The Visa Tokenized Asset Platform (VTAP), which the company announced on Thursday (October 3), will now be available on Visa’s development platform, allowing bank partners to “create their own fiat-backed tokens in the VTAP sandbox. Now you can do experiments. The initiative will leverage the company’s expertise in technologies such as smart contracts to enable banks to issue and transfer fiat-backed tokens on blockchain networks, Visa said in a news release provided to PYMNTS. He said he would make it possible. “Visa has been…
Image: https://www.abnewswire.com/uploads/47f1790a2a3d197afbd370381b41c64d.pngBlockchain technology is transforming the financial landscape, especially in debt capital markets. Felix Honigwachs is a distributed ledger technology expert from Switzerland. He said blockchain is highly transparent, fast and secure. This innovation promises a more accessible and inclusive financial future by enabling new ways to issue, trade and manage debt.Blockchain technology is driving transformative change across multiple sectors and fundamentally transforming the financial industry. The rise of complex debt capital markets (DCMs) on blockchain is one of the biggest innovations, transforming the issuance, trading, and management of debt instruments.Leading this evolution is Felix Honigwachs (https://iono.fm/e/562901), a Swiss expert…
The rise of stablecoins in sub-Saharan Africa is transforming the financial landscape and providing a lifeline to millions of desperate individuals grappling with economic instability. According to a recent report, stablecoins currently account for 43% of all crypto transactions in the region. These go hand in hand with currency devaluation and inflation, leading most individuals and businesses to seek potentially less volatile alternatives to meet their financial needs. Changes in monetary policy decisions Countries like Nigeria and Ethiopia have seen large-scale adoption of stablecoins even as inflation hits traditional currencies, with citizens turning to currencies like USDT and USDC to…
The rise of stablecoins in sub-Saharan Africa is transforming the financial landscape and providing a lifeline to millions of desperate individuals grappling with economic instability. According to a recent report, stablecoins currently account for 43% of all crypto transactions in the region. These are closely related to currency devaluation and inflation, which is why most individuals and businesses look for potentially less volatile alternatives to meet their financial needs. Changes in monetary policy decisions Countries like Nigeria and Ethiopia have seen large-scale adoption of stablecoins even as inflation hits traditional currencies, with citizens turning to currencies like USDT and USDC…