Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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VP Kamala Harris promises to support crypto regulatory framework

  • Vice President Kamala Harris continues to embrace crypto with “Opportunity Agenda” speech
  • During her campaign trail, Harris hasn’t said much about crypto
  • Harris said she wants black men “who hold digital assets to benefit from financial innovation”

US Vice President and Democratic presidential nominee Kamala Harris has announced she will support a “regulatory framework for cryptocurrency and other digital assets” as part of her “Opportunity Agenda.”

Speaking to a group of black entrepreneurs in Erie, Pennsylvania as part of Harris’ campaign trail, her agenda forms part of a broader speech to boost voter support for Harris among black men.

In her agenda, it said Harris wants black men “who hold digital assets to benefit from financial innovation,” adding:

“Vice President Harris knows that more than 20% of Black Americans own or have owned cryptocurrency assets, which is why her plans will ensure owners of and investors in digital assets benefit from a regulatory framework so that Black men and others who participate in this market are protected.”

This agenda from the Harris presidential team adds to the vice president’s latest comments on crypto, which have become a recurring topic during the 2024 campaign trail.

Increased crypto support

In September, Kamala Harris made, what are believed to be, her first crypto-positive remarks during a New York fundraiser.

During her comments Harris promised that, if elected, she would help grow investment in artificial intelligence and crypto, adding:

“We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.”

Harris’s comments come as presidential rival Donald Trump is increasing his support of the crypto industry.

Earlier in September, Trump – who said he wants to make America the “crypto capital of the planet” – became the first US president to use the Bitcoin network after sending a Bitcoin transaction at PubKey, a crypto-themed bar in New York ahead of his campaign rally in Long Island.

The post VP Kamala Harris promises to support crypto regulatory framework appeared first on CoinJournal.

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Hyperliquid announces upcoming HYPE token airdrop

  • Hyperliquid announced the HYPE token launch on Oct. 14.
  • A token generation event for the decentralised exchange platform’s native token will happen ahead of its HyperEVM going live.

Hyperliquid, a decentralized exchange that provides for perpetual derivatives trading by aggregating liquidity across the ecosystem, has announced the launch of its native token HYPE.

The platform, which allows its users access to leveraged trading of cryptocurrencies , revealed the upcoming airdrop on October 14, 2024.

When is the Hyperliquid (HYPE) airdrop?

Specifically, the announcement followed the formation of Hyperliquid Foundation, an entity that will support development of the network. Other than the DEX platform, the Hyperliquid Foundation will also help promote growth of the ecosystem.

HYPE will launch ahead of the mainnet for HyperEVM, the Hyperliquid Foundation noted in a post on X.

“Hyperliquid’s order books already provide the deepest and most robust onchain liquidity for a wide spectrum of assets. With the launch of the HyperEVM, any application built on Hyperliquid will also have access to this deep liquidity and other native financial primitives,” the Foundation wrote.

As well as the HyperEVM, HYPE will be crucial to the project’s network mechanism via HyperBFT, a proof-of-stake (PoS) consensus mechanism.

On how the HYPE airdrop will be handled, Hyperliquid Foundation noted:

“As part of the genesis distribution, eligible users can choose to receive HYPE and optionally a Hypurr NFT to commemorate the upcoming launch of the HyperEVM on mainnet.”

The team plans to share more details of the upcoming airdrop at a later date.

The post Hyperliquid announces upcoming HYPE token airdrop appeared first on CoinJournal.

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Bitcoin spikes to $66k amid ‘Uptober’ sentiment

  • Bitcoin price broke to above $66,000 for the first time in nearly three weeks.
  • Cypto analysts at QCP say ‘Uptober’ and the US election sentiment could help bulls higher.

Bitcoin (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024 as most cryptocurrencies recorded 24-hour gains.

According to data from CoinGecko, BTC price had reached highs of $66,173 across major crypto exchanges.

On Coinbase it hit $66,296. The gains came as the flagship cryptocurrency bounced from the uncertainties witnessed the previous week, with Bitcoin bulls seeing a 4% flip in weekly price performance.

Bitcoin traded around $65,959 on Coinbase at the time of writing, suggesting a potential continuation amid gains across the S&P 500. The issue of China’s stimulus package was also told in trader sentiment. In the crypto market, the overall “Uptober” mood looked to have swung in as altcoins also rose.

BTC chart. Source: TradingView

Bitcoin surges ahead of US election

A forecast for BTC by the Singapore-based trading firm QCP Capital suggests BTC is showing price trajectories that mirror previous US election cycles.

If this trend continues, Bitcoin bulls may target further gains ahead of the Nov. election.

“Although there could be many factors that could explain today’s move, it is quite an interesting time if we look at historical price action. We are in the middle of October and just three weeks away from the US elections,” QCP said in an update on Telegram.

The trend in 2016 saw Bitcoin rise from around $600 three weeks to the election to above $1,200 in early January. It again happened in 2020, when BTC rallied from $11k around mid-October to hit $42k in January 2021.

“After months of trading in the range, will history repeat itself? Today’s rally has definitely given the market a glimmer of hope just as Uptober optimism was fading,” QCP added in the note.

Bitcoin reached an all-time high of $73k in March, with the rally coming amid halving sentiment and the launch of spot Bitcoin exchange-traded funds.

The post Bitcoin spikes to $66k amid ‘Uptober’ sentiment appeared first on CoinJournal.

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Layer 1 payments network CrossFi launches EVM-compatible mainnet

  • CrossFi launched an EVM-compatible mainnet for scalable web3 payments.
  • The network supports 10,000 TPS and bridges Ethereum assets seamlessly.
  • Governance uses MPX tokens, with fees averaging $0.02 per transaction.

Cross Finance, commonly known as CrossFi, has announced the launch of its EVM-compatible mainnet, marking a significant step in the evolution of decentralized finance (DeFi) and web3 payment solutions.

The CrossFi blockchain aims to provide a scalable, decentralized ecosystem designed to support high-volume payments and everyday transactions, bridging traditional finance with the world of crypto.

The CrossFi mainnet’s launch comes on the heels of a successful testnet, conducted in collaboration with CoinList, which attracted over one million active wallets.

The CrossFi blockchain

The network’s infrastructure is built using the Cosmos SDK and Tendermint, enabling a modular design that supports up to 10,000 transactions per second (TPS).

This scalability makes CrossFi suitable for hosting payment applications that require high throughput, similar to Visa-level processing capabilities.

As an EVM-compatible network, CrossFi allows seamless integration with Ethereum-native assets, which can be bridged to its platform and utilized within its payment ecosystem.

Its security is reinforced by PCI DSS certification, a data protection standard recognized by major payment card companies, ensuring that the platform maintains industry-leading data transmission and storage practices.

The governance of the decentralized network is powered by the Mint Power (MPX) token, which is also used to facilitate transaction fees that average $0.02 per transaction.

In addition, the Cross Finance ecosystem features a variety of financial tools, including CrossFi App, which enables services like staking, lending, crypto-fiat exchange, and P2P payments. Users can also leverage CrossFi xAPP for token swaps, cross-chain asset bridging, and liquidity mining.

Further enhancing its ecosystem, CrossFi supports synthetic asset minting, over-collateralized stablecoins, and offers decentralized platforms for trading real-world assets.

By integrating multiple functionalities across its components, Cross Finance is set to democratize access to decentralized finance and facilitate the adoption of blockchain technology in global payments.

The network’s launch partners, including Alchemy and other validators, will play a key role in optimizing performance and maintaining decentralization.

With this mainnet launch, CrossFi is positioned to become a pivotal player in the evolving web3 financial landscape, empowering businesses and users to explore new possibilities in the digital payments space.

The post Layer 1 payments network CrossFi launches EVM-compatible mainnet appeared first on CoinJournal.

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Investors eye Bitcoin Dogs as BTC retests $64k

  • Bitcoin Dogs rises as Bitcoin (BTC) breaks above $64,000 and meme coins shine.
  • The positive start to the week for BTC is exciting not just BTC bulls, but the broader market.
  • A retest of $64k for BTC has most top altcoins flipping green and meme coins including Bitcoin Dogs are eyeing fresh momentum.

Bitcoin Dogs (0DOG) has seen a decent increase in buying over the past week as investors turned to meme coins.

As Bitcoin (BTC) and top coins such as Ethereum (ETH), Solana (SOL), and XRP (XRP) target upside strengthening, the meme coin market has heat significantly.

Data from CoinGecko shows that most Solana, Tron, Ton and Base meme coins have all had a decent surge this past week. Indeed, the broader meme coins market cap has reached $59 billion with a 3% spike in 24 hours.

Meanwhile, BRETT, MOG and BOME are some of the trending coins – all have posted notable double digit gains as at writing. Amid this upside movement for meme coins has been substantial interest in Bitcoin Dogs, the first ICO on Bitcoin.

After raising over $13.4 million from early birds, the token 0DOG listed on major exchanges and currently boasts an 18% uptick since hitting its all-time lows of $0.006 on Oct. 11.

Bitcoin Dogs: Game teaser excites investors

Apart from being the first-ever ICO on the Bitcoin network, its gaming and NFTs drive the overall USP of this project.

One major catalyst could be Bitcoin Dogs’ upcoming play-to-earn game. Recently, the project announced a teaser for the game, taking a major step towards public release as the Telegram game ecosystem explodes with tap-to-earn games.

Meanwhile, 0DOG’s listing on top exchanges such as MEXC, Gate.io and Uniswap has the community excited. Particularly, it’s down to speculation that Bitcoin Dogs could be the next project that Binance adds trading support for in coming weeks.

What’s also catalysing interest in 0DOG?

Also catalysing interest in 0DOG is the token’s liquidity pool that offers substantial APY for participants. Investors eyeing the big staking rewards can enjoy an APY of around 370%.

BTC price movement also adds to the overall bullish outlook for the BRC-20 token. Bitcoin’s potential spike above $65 as October swings positive could buoy BTC and see 0DOG surge.

These combined with overall bullish sentiment across the crypto market suggests Bitcoin Dogs at current prices may be a huge opportunity.

Investors appear to be taking this chance, buying 0DOG low in the $0.006 and $0.007 range. The price level coincides with a potential bottom for the top meme coin related project on Bitcoin.

A surge in meme coins, coupled with a spike in interest in Bitcoin layer-2 network gems, means Bitcoin Dogs could be on tokens to watch as BTC price touches key levels.

The post Investors eye Bitcoin Dogs as BTC retests $64k appeared first on CoinJournal.