Schlagwort: crypto market news

• Polymarket shows Trump leading the race; however, other betting trackers show Harris still in the lead
• The Republicans have seen 102,000 new registered voters compared to the Democrats’ 96,000
• Elon Musk endorsed Trump during a Pennsylvania rally over the weekend

The odds of former US President Donald Trump winning the election against Vice President Kamala Harris rose to 51% on Polymarket, the decentralized prediction market platform.

According to the platform, Harris is behind on 48.3% at the time of publishing. However, on the Election Betting Odds tracker, Harris remains in the lead, only by a small margin, at 50.1% compared to Trump’s 49.2%.

On Polymarket, the shift in first place follows as Trump received a boost in Pennsylvania, considered one of the important swing states during the election, after seeing new voting registrations. In a report from Newsweek, Republicans saw 102,000 new voters registered in the state compared to the Democrats 96,000.

Billionaire Elon Musk has also endorsed Trump following his appearance at the former US president’s rally in the state. Taking to X, Musk wrote: “Trump now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line.”

Trump now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line. https://t.co/WrsqZ2z8pp

— Elon Musk (@elonmusk) October 7, 2024

Backing Trump

On Saturday, the CEO of SpaceX and Tesla took to the stage in Butler, Pennsylvania in his first appearance alongside Trump, which also happened to be where the assassination attempt on Trump took place in July.

Wearing a cap with the “Make America Great Again” slogan of Trump’s campaign, Musk called the presidential nominee the only candidate “to preserve democracy in America.” As the final weeks count down to election day, this first appearance by Musk highlights the growing alliance between the two.

The topic of crypto has played an important role during the presidential election discussions. In September, Harris unveiled her first crypto-positive remarks during a New York fundraiser. If elected, Harris promised she would help grow investment in artificial intelligence and crypto in America.

Likewise, Trump has also been increasingly vocal in supporting crypto.

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

The post Polymarket prediction data shows Trump taking the lead over Harris appeared first on CoinJournal.

• Tether is building a financial tool for the “people left behind”
• The stablecoin was created in 2014 by Brock Pierce, Reeve Collins, and Craig Sellers
• It remains the largest stablecoin with a market cap worth $120 billion

To celebrate the 10th anniversary of Tether, the stablecoin is releasing a documentary on USDT and how it’s working to bring “financial freedom worldwide.”

In a post on X, Tether said it would soon release its documentary “Stability and Freedom in Chaos.” During the two-minute video, Tether shows interviewees from several countries including Argentina, Brazil, and Turkey.

One interviewee in Brazil stated, “Tether with USDT is like 90% of the transactions that Brazil makes during the day.” Another interviewee claimed that people in Argentina don’t want to save in pesos, the local currency, and want a stable currency like Tether.

Tether, named the seventh-largest Bitcoin holder in April, was created in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Before being renamed to Tether, it was known as The Realcoin, and today is the largest stablecoin by market cap.

At the time of writing, it’s currently worth $120 billion.

Working for the people left behind

Built on several blockchains including Avalanche, Ethereum, and Polygon, Tether works on a 1:1 ratio, pegging its value to the US dollar.

Following the Tether documentary news, Paolo Ardoino, Tether CEO, said on X that the company’s mission has always been simple: to “bring financial inclusion to the billions of people, primarily living in developing countries, that can’t have bank accounts or that live in high inflation countries.

Ardoino, who joined as Tether’s new CEO in 2023, added that they are building financial technology “for the people left behind” and that Tether has become a “symbol of disintermediation, resilience and stability.”

With hundreds of millions of people transacting with USDT, Tether has seen its market share increase to more than 75% from 55% over the past two years, solidifying its presence in the market.

The post Tether to release documentary on its mission to bring financial freedom on 10th anniversary appeared first on CoinJournal.

• The EU’s MiCA was introduced in June, but won’t take effect until December
• Coinbase will deliver an update to its EU customers in November on how to switch their stablecoins to EU-compliant ones
• Circle was the first stablecoin issuer to receive an e-money license under MiCA regulations

Crypto exchange Coinbase is to delist stablecoins that fail to meet the EU’s Markets in Crypto-Assets (MiCA) regulation by December 30.

The move, targeting customers in the European Economic Area (EEA), is part of the EU’s efforts to implement tighter controls on crypto assets. The EU’s crypto regulatory framework, known as MiCA, was introduced in June; however, it will take effect in December.

Under the new regulation, the EU requires stablecoin issuers to hold e-money authorization in at least one EU member state. The framework aims to protect European investors from fraud and risks while boosting innovation and economic competitiveness.

In a report from Bloomberg, a Coinbase spokesperson said:

“Given our commitment to compliance, we intend to restrict the provision of services to EEA users in connection with stablecoins that do not meet the MiCA requirements by December 30, 2024.”

Coinbase is expected to provide an update in November to its EU customers, giving them options to convert their stablecoins to EU-compliant stablecoins such as Circle’s USDC and Euro Coin (EURC).

In July, Circle, a crypto payments company, became the first stablecoin issuer to obtain an e-money license under the EU’s MiCA regulations.

Coinbase isn’t the only crypto exchange that’s taking steps to meet the EU’s requirements. Other platforms, including Bitstamp, OKX, and Uphold are already moving to limit access to stablecoins that fail to meet MiCA regulations, including Tether’s USDT.

In June, Bitstamp announced it was removing USDT to comply with MiCA.

The post Coinbase to delist non-compliant EU stablecoins under new MiCA regulations appeared first on CoinJournal.

Dogizen, the tap-to-earn game that’s attracting huge attention from the gaming community, has launched its highly anticipated presale.

The world’s first Telegram ICO, which brings the DOGIZ token to the over 950 million Telegram users, went live today, October 4, 2024 at 8am UTC.

Dogizen’s presale has attracted over $110k in under two hours, with DOGIZ priced at $0.00007 in the first stage.

Dogizen’s ICO: A new era for Telegram gaming

The global crypto community is growing at a breathtaking speed. However, the number of people who own crypto currently stands around 550 million.

In comparison, Telegram has more than 950 million users and the global mobile gaming community will be 1.9 billion players by 2027. Elsewhere, the T2E market cap is roughly $1.2 billion today while crypto gaming is just over $9 billion. All of these segments are forecast to experience significant growth.

Putting these numbers together suggests that Dogizen’s entry into the Telegram tap-to-earn market puts its right at the center of a potentially explosive ecosystem.

Dogizen makes it easy for ordinary users to join this nascent industry via its game. Now, with this first ICO within Telegram, Dogizen is tapping into a segment that could see it challenge and possibly outpace Hamster Kombat and Catizen among other TON-powered Telegram games.

DOGIZ is designed to add to the project’s long term success by moving Dogizen beyond the hype and speculation into a world of real utility. As well as its use in the rewards and airdrops, DOGIZ will play a big role in the Dogizen Universe.

The Dogizen Universe

Dogizen Universe is a platform that will offer several key features designed to empower both developers and creators as well as rewards for users.

Within the Dogizen Universe, a Developer SDK will allow for the creation and launch of gaming apps, with monetisation helping catalyze further growth.

A Launchpad and an arcade offering a central hub for everything Telegram gaming. Meanwhile, the ecosystem will benefit from a revenue-sharing opportunity from in-game ads and partnerships.

The Dogizen Universe, as the project’s whitepaper indicates, therefore envisions a whole economic ecosystem. Devs will be able to create and earn as gamers scoop in-game rewards while DOGIZ holders will benefit from the revenue-share model.

The DOGIZ presale is the first phase of this growth and innovation and early adopters will play a big role in bringing it to reality. But it also means an early entry for ICO participants as the tap-to-earn becomes one of crypto’s big plays.

Notably, all major TON blockchain tokens on Telegram have listed on Binance, the world’s largest cryptocurrency exchange. This includes Notcoin, Hamster Kombat, and Catizen – the top 3 T2E projects by market cap. Dogizen, with 1.3 million players and growing, could be the next to list on the exchange.

Learn more about Dogizen here.

The post First Telegram ICO Dogizen goes live, quickly hits $100k appeared first on CoinJournal.

• CleanSpark also increased its hashrate by 187% between September 30, 2023 and September, 30, 2024.
• Expansion and acquisitions are crucial for the organic growth.

Bitcoin miner CleanSpark mined a total of 493 BTC in September, according to details in an unaudited update published on Oct. 4.

This brought the company’s total bitcoin mined year-to-end of September to 5,079.

Moreover, total BTC mined in FY2024 rose to 7,098. With these figures, the total Bitcoin treasury holdings rose to 8,049 as of Sept. 30. While the increase marked a 258% spike over the past year as of the end of Sept., CleanSpark noted it sold 2.5 BTC during the month.

Another year, another proven track record. 🏎️🛣️🏁$CLSK finished FY2024 with over 8,000 #bitcoin in treasury, reaching 27.6 EH/s in hashrate and 552 MW of operational capacity at wholly-owned sites. These are increases of 258%, 187% and 132% from FY2023 respectively.

Despite… pic.twitter.com/alcSQ6BIFw

— CleanSpark Inc. (@CleanSpark_Inc) October 3, 2024

Hashrate jumped to 27.6 EH/s

CleanSpark, a publicly-traded miner whose share price also rose significantly in the past year, also announced a surge in its hashrate.

As of September 30, 2024, CleanSpark’s hashrate stood at 27.6 EH/s – up from 9.6 EH/s and indicating a one year increase of 187%. The company added 5 EH/s to its capacity in September.

In a comment, CleanSpark CEO Zach Bradford said:

“During the past year, we grew our hashrate from 9.6 EH/s to 27.6 EH/s, or 187%, with 5 EH/s coming online just during the month of September. The Company executed its plan to strategically diversify its portfolio across three new states and completed multiple expansions at existing data centers.”

What helped CleanSpark to grow its hashrate?

Growth was down to CleanSpark getting through the pre-halving and post-halving period and the closure of multiple acquisitions. It includes the GRIID Infrastructure deal and expansion to new sites in the US.

With the expansion efforts, and emerging from Hurricane Helene relatively unscathed means further hashrate growth. According to Bradford, CleanSpark could hit 30 EH/s by the end of October 2024 and forecast 50 EH/s in 2025.

The Bitcoin miner released its unaudited update as BTC price struggled amid negative sentiment around geopolitical chaos in the Middle East. At the time of writing, the flagship cryptocurrency traded around $60,663, down 1.5% in the past 24 hours and -7.3% over the past week.

CLSK, on the other hand, changed hands at $8.58, about 2.5% down on the day. The crypto stock was down 17.7% in the past five days.

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