Kategorie: Crypto Markets

• Buenos Aires has launched a digital identity service called QuarkID that uses zero-knowledge proofs.
• The service enables privacy by verifying documents without revealing personal data.
• QuarkID will expand nationally, with pilots in other Argentinian regions underway.

The city of Buenos Aires has unveiled a groundbreaking digital identity service called QuarkID, aimed at enhancing residents’ privacy through advanced cryptographic technology known as zero-knowledge proofs.

Integrated into the miBA app, a platform that has facilitated access to municipal services for the past seven years, QuarkID seeks to give approximately 3.6 million porteños greater control over their personal information.

Zero-knowledge proofs allow users to verify the authenticity of documents without revealing unnecessary personal data. For instance, residents can confirm their age when purchasing alcohol without disclosing their full birthdate or address.

This approach is designed to empower citizens by providing a self-sovereign identity system that prioritizes privacy and security. “The decision from the beginning was to create a self-sovereign identity system so that citizens can have privacy and security over the documents they acquire ownership of,” stated Diego Fernandez, Buenos Aires’ secretary of innovation and digital transformation.

While zero-knowledge proofs can function independently of blockchain technology, QuarkID utilizes the Ethereum layer-2 network ZKsync Era, which serves as a “security anchor.” This ensures that data can be proven to exist in a specific form at a specific time, thereby reducing the risk of identity theft and fraud.

Users can upload more than 60 types of documents, including birth certificates and vaccination records, with additional documents expected to be added in the coming months. Importantly, no third party, including the municipality, has control over these documents, significantly mitigating the risk of data breaches.

The initiative promises to reduce costs for the government compared to traditional methods of document management, and the pilot program is set to expand beyond Buenos Aires to regions like Jujuy and Tucumán, as well as small towns such as Luján de Cuyo.

Fernandez emphasized the potential for national scaling, stating that technology developed in Buenos Aires could be implemented throughout Argentina and even in other Latin American countries, such as Uruguay.

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• Chris Larsen donated $9.9 million to PAC Future Forward and $800,000 to the Harris Victory Fund
• Larsen is one of the crypto industry’s biggest donors in the 2024 election campaign
• Brad Garlinghouse said that Ripple will continue to talk with Democrats and Republicans during and after the election campaign

Chris Larsen, co-founder and executive chair of Ripple, has donated $10 million worth of XRP to Vice President Kamala Harris’ election effort.

In a post on X, Larsen – who donated $1 million in XRP to the pro-Harris Future Forward political action committee (PAC) in August – said he’s donating a further $10 million in support of the Harris campaign.

In his message, Larsen said: “It’s time for the Democrats to have a new approach to tech innovation, including crypto.”

It’s time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her. https://t.co/vb9KJA87JK

— Chris Larsen (@chrislarsensf) October 21, 2024

According to a report from CNBC, Larsen donated $9.9 million to Future Forward and $800,000 to the Harris Victory Fund. His donations have made him one of the crypto industry’s biggest donors in the 2024 election campaign.

In response to Larsen’s message, Brad Garlinghouse, CEO of Ripple, said on X that he “respects Chris’ (and everyone’s) right to support whomever they think is best to lead the US,” adding:

“Ripple will continue to engage with both Democrats and Republicans in the final days of the campaigns (and after the election) to promote pro-crypto policies. It’s not about party lines; it’s about championing policies that drive blockchain and crypto innovation.”

The rise in crypto donations

The crypto industry has donated around $190 million in political donations so far in the 2024 US election cycle. This is a massive rise compared to the 2020 election when $15 million was donated. Of the $190 million, over $130 million has been spent in congressional races.

Crypto super PAC Fairshake remains the largest in the election, raising over $202 million, according to Open Secrets, a research group that tracks money in US politics.

Former president Donald Trump has also received his fair share of crypto donations. In June, the Winklevoss twins sent the US candidate $2 million in Bitcoin, and in the same month, Jesse Powell, co-founder of crypto exchange Kraken, donated $1 million in Ethereum to Trump’s campaign.

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Key takeaways

• Bitcoin Dogs will launch its game by the end of the month.
• $0DOG is up 12% in the last 24 hours as it climbs above $0.010

Bitcoin Dogs to roll out its game by month-end

The Bitcoin Dogs team has revealed that it will launch its Web3 game by the end of the month. In an X post over the weekend, Bitcoin Dogs told its community to prepare to earn big.

Bitcoin Dogs’ Telegram-based Play-2-Earn (P2E) game looks to leverage the millions of users already playing several Telegram games. The Telegram game will feature an in-game currency known as Bark, which players are expected to earn by playing. 

What is Bitcoin Dogs?

The cryptocurrency market performed excellently over the last seven days, with Bitcoin touching the $69k level again. This allowed new projects like Bitcoin Dogs to recover from their recent bearish move and rally higher. 

Bitcoin Dogs is a new project offering products and services to users in the Bitcoin ecosystem. The project is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain. 

Bitcoin Dogs raised $13 million during its presale and is now using the funds to integrate basic features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project. 

$0DOG, Bitcoin Dogs’ native token, is live on several crypto exchanges, including MEXC, Gate.io, Uniswap, Unisat, and others. $0DOG is also live on Coinmarketcap and DEXTools. 

$0DOG surges by 12%

$0DOG is recovering from its recent slump and has added more than 12% to its value in the last 24 hours. Thanks to this rally, Bitcoin Dogs now trades above $0.010 per coin. 

Bitcoin Dogs is up 69% from its all-time low but is still down from the $0.01792 all-time high it set two months ago. In the last seven days, $0DOG added 58% to its value, outperforming Bitcoin and the broader crypto market. 

Investors are still taking advantage of the recently launched $0DOG-ETH LP Farm, as it offers an APY of 447%. 

Should you buy the Bitcoin Dogs token now?

The crypto market is recovering from its recent slump and could surge higher ahead of the upcoming presidential election in the United States. $0DOG is down from the all-time high of $0.01792 it achieved two months ago. 

After adding 58% to its value in the last seven days, Bitcoin Dogs could surge higher as the team rolls out new products, including its upcoming Web3 game. These developments could push $0DOG’s price higher in the medium to long term.

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Poodlana is among the cryptocurrencies to record a flip in price direction as the ecosystem recorded $2.2 billion in digital assets investment inflows. While Bitcoin, Ethereum, and Solana eye key support levels, its likely the positive sentiment pushes other alts higher.

What this means is that Poodlana price could go parabolic amid highly anticipated US election?

Digital assets hit $2.2 billion inflows

According to CoinShares, total inflows into the crypto investment products market reached $2.2 billion last week, the largest mark since July 2024. Total assets under management has jumped to near $100 billion, the digital assets investment firm said in a weekly report published on Oct. 21.

Key to the surge in interest in cryptocurrencies is the increased bet on a possible Donald Trump victory in the US elections set for Nov. 5.

“We believe this renewed optimism stems from growing expectations of a Republican victory in the upcoming US elections, as they are generally viewed as more supportive of digital assets. This, in turn, has led to positive price momentum,” CoinShares wrote in a blog post.

With the Republican candidate viewed as crypto-friendly, Bitcoin has surged to near $70k and could explode higher. Optimism helped pull over $2.1 billion into Bitcoin exchange-traded products amid a 30% spike in trading volumes.

Altcoins gain amid ETP inflows

As CoinShares data shows, there were also notable inflows into altcoins. Ethereum, whose price touched $2,763 on Monday, recorded $58 million in inflows into Ether ETPs last week.

Solana’s price, on the other hand, jumped to near $170 and saw $2.4 million in inflows. Meanwhile, Litecoin attracted $1.7 million and XRP $0.7 million as respective prices also rose.

With the price outlook for these alts positive, its likely continued bullish sentiment will pull other altcoins higher. In this category could be leading meme coins within the Solana ecosystem, one of which is recently launched Poodlana (POODL).

Poodlana price holds key level

Poodlana is a luxury-fashion and poodle dog inspired meme coin that went live on exchanges on Aug. 16 after a quickfire 30-day presale. Gate.io, MEXC and Raydium all list POODL, while the community wish list includes the world’s largest crypto exchange Binance.

The POODL price has struggled for upside momentum since its trading debut. However, bulls have managed to hold above $0.00. It suggests that a flip in overall trajectory for cryptocurrencies could offer Poodlana the tailwinds it needs to skyrocket.

Similar trends were observed with coins such as Popcat, Pepe and dogwifhat – an initial dip followed major gains before prices exploded again.

POODL looks set for its own surge.

Likely to play a huge role is the Poodlana community that’s expanded rapidly since the token’s viral entry in the market. Asia, where the poodle is a top dog breed, leads this growth metric.

For more about Poodlana, check out the official website.

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