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Miami mayor to accept presidential campaign donations in BTC

  • Miami Mayor Francis Suarez, a Republican, announced his candidacy for the 2024 presidential election in June.
  • Miami has currently been trending for all the right reasons from Lionel Messi mania to the mayor accepting BTC donations.
  • The mayor has also said that he would ban a central bank digital currency (CBDC).

Bitcoin-friendly Miami Mayor Francis Suarez has said that he will accept Bitcoin (BTC) donations for his presidential campaign.

Speaking on a popular media TV outlet, Suarez said:

“Officially, my campaign is accepting bitcoin,” Suarez explained. “This is a process of developing technologies that will create democratising opportunities for wealth creation and will not be manipulated by a human being’s ulterior motives, political goals, and so on.”

According to Suarez, supporters can now donate as little as 0.00034BTC, or the equivalent of $1, at his campaign website.

Suarez’s view on CBDCs

Suarez, who is known to advocate for Bitcoin, has said that he would ban a central bank digital currency (CBDC).  He said that people do not want the federal government to know where they have their money and how much money they have.

Suarez launched the MiamiCoin (MIA) in 2021, which he hoped would be used to pay a recurring Bitcoin stimulus (similar to dividends) to Miami citizens.

The mayor has criticized the current US administration led by Joe Biden. Castigating the government, Suarez said:

“The biggest mistake that this administration has made is they don’t understand crypto so they have gone to a regulated-by-enforcement mechanism as opposed to set the ground rules. You have to be able to classify certain digital products, you have to be able to have certain guidelines and rules that are clear with respect to the custody of assets.”

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$1.6M raised one month into Shiba Memu presale, BitMart listing announced

  • At press time, 53,351,246 SHMU tokens had been sold raising over $1,612,597.
  • SHMU price which rises every few hours had just risen from 0.017875 USDT to 0.018100 USDT.
  • Shiba Memu has today announced the listing of its SHMU token on the BitMart crypto exchange.

Shiba Memu, a bustling new AI-powered cryptocurrency meme coin, has announced the listing of its native token SHMU on BirtMart. The project is currently conducting a presale of the SHMU token which has already surpassed $1.6 million one month after the presale started.

The meme coin project has attracted quite a sensation among crypto investors as it rides the artificial intelligence (AI) and meme coin hype.

SHMU listing on BitMart

BitMart has been a significant player in the cryptocurrency industry since 2017. It provides over 1500 cryptocurrency trading pairs.

The choice of BitMart as its first centralized cryptocurrency exchange where SHMU will be listed has certainly caused a sensation among SHMU holders who will now be able to trade the new meme coin after purchasing it in the presale. In addition, more investors will certainly flock to the Shiba Memu presale for fear of being left out when the presale comes to an end.

The realistic idea and endearing Shiba Memu mascot have sparked a wave of interest from investors and cryptocurrency enthusiasts who understand the project’s long-term potential.

In addition, the team behind the project expertly developed a smart contract that ensures that the scheduled SHMU price increase every 24 hours. This alluring mechanism is especially alluring to fans of presales because it ensures that the token purchase price will always be less than the final listing price on the exchange. Better still, investors are optimistic that the token price will see a considerable price surge once it list on the crypto exchange.

Should you invest in Shiba Memu today?

While making an investment move is a preserve of an investor, investing in a cryptocurrency project carries significant risks owing to the volatile nature of the cryptocurrency market. Nevertheless, many people have reaped big from new crypto projects, especially meme coin projects which are known to go viral immediately after they are launched.

That said, Shiba Memu is a unique meme coin project that leverages the power of AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse. The project sets itself apart from the like of Shiba Inu, PEPE, Dogecoin, and KEKE, which became popular purely because of their community engagements without any real-world use case apart from acceptance as payment options in several retail outlets.

The listing on BitMart is also quite a good proposition seeing that it adds to the credibility of the project which is barely a month old since its presale went live. If interested in the Shiba Memu project, you can purchase the SHMU tokens here.

The post $1.6M raised one month into Shiba Memu presale, BitMart listing announced appeared first on CoinJournal.

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Crypto Price Predictions: GMX, Trader Joe (JOE), Casper (CSPR)

  • Cryptocurrencies remained in a consolidation phase this week.

  • Trader Joe, GMX, and Casper Network were among the top movers on Friday.

Cryptocurrencies reacted mildly to the latest US jobs numbers published on Friday. Bitcoin is still loitering at the $20,000 level while the volume traded in exchanges has dropped. This article will look at some of the top cryptocurrencies that made some strong moves on Friday, including GMX, Trader Joe, and Casper.

Trader Joe price prediction

Trader Joe is a leading decentralized exchange that was started operations in Avalanche, one of the top chains in the world. The token rose slightly on Friday after the network launched on Ethereum, the biggest player in the industry. This means that the platform is also in Arbitrum and BNB Chain. 

Trader Joe’s JOE token has been in a strong bearish trend in the past few weeks. In this period, it has dropped by more than 29% from the highest point in June. The token has remained below the 25-period and 50-period moving averages (MA). It has formed a falling wedge pattern, which is usually a bullish sign.

JOE price will likely remain in this range during the weekend since the integration of Ethereum will not have an impact on the network. As such, it will remain between the support and resistance levels at $0.30 and $0.32.

GMX price prediction

GMX is a leading decentralized exchange (DEX) that provides perpetual futures products. It is the biggest DEX in Arbitrum, the biggest layer-2 network in the world. The GMX token rose after the developers launched its V2 on Thursday. This new version will introduce more coins like Dogecoin at lower fees.

GMX token has made a strong bullish comeback in the past few days. This recovery started after the token settled at $49.03, the lowest level since June 19th. It has moved above the 25-day moving average.

At the same time, it has formed an inverted cup and handle pattern, which is usually a bearish sign. Therefore, the token will likely resume the bearish trend and retest the support at $49.03.

How to buy GMX token

Casper price prediction

Casper price has made a strong comeback in the past few days. On the four-hour chart, the pair has risen in the past four straight hours. It has moved above the important resistance level at $0.040, the highest level on July 28th.  It then moved to the key resistance point at June 22nd.

Casper token has jumped above the 50-day and 25-day moving averages. The outlook for Casper’s CSPR is bullish, with the next level to watch being at $0.043. This view will be confirmed if the token jumps above the key resistance at $0.041

How to buy Casper

BKEX

BKEX is a centralized cryptocurrency exchange located in British Virgin Islands. There are 254 coins and 415 trading pairs on the exchange.

Buy CSPR with BKEX today

Huobi

Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.

Buy CSPR with Huobi today

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Revolut to terminate US crypto services due to regulatory challenges

Key takeaways

  • Fintech firm Revolut is set to terminate its cryptocurrency services to users in the United States.

  • The firm cited the current regulatory environment as the reason behind its exit.

Revolut to halt crypto services in the US

UK fintech firm Revolut has revealed that it would no longer provide cryptocurrency services to its users in the United States. 

The firm said it made this decision due to the regulatory environment in the US. starting September 2nd, Revolut’s customers in the US will no longer be able to purchase cryptocurrencies.

The company informed its US users via email a few hours ago. However, its users will still be able to sell their crypto assets until October 2nd. Starting from October 3rd, users will no longer be able to buy, sell, or hold crypto assets on Revolut. 

While commenting on this latest cryptocurrency news, a Revolut spokesperson said;

“As a result of the evolving regulatory environment and the uncertainties around the crypto market in the U.S., we’ve taken the difficult decision, together with our U.S. banking partner, to suspend access to cryptocurrencies through Revolut in the U.S.” 

Metropolitan Commercial Bank is Revolut’s banking partner in the United States.

Non-US customers will continue to enjoy crypto services

Revolut said the decision doesn’t affect its users outside the United States. Its users in other parts of the world can register and use Revolut’s cryptocurrency services. 

This latest development comes roughly a month after Revolut delisted Polygon (MATIC), Solana (SOL) and Cardano (ADA) in the United States. These tokens are regarded as unregistered securities by the U.S. Securities and Exchange Commission (SEC).

US users that fail to sell their crypto holdings before October 2nd will see their assets get liquidated on October 3rd. Users will receive the same market price for each token at that time, the company confirmed. 

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