The crypto community is calling for a clearer stance and more actionable policies from Democratic presidential candidate Kamala Harris, according to US investment bank Bernstein. Clearer Stance Toward Digital Assets Expected From Harris In a memo shared with clients on September 23, 2024, analysts at Bernstein highlighted several reasons for the brief rally witnessed in […]
The market is skeptical about Qualcomm's Intel deal; prediction markets were the talk of the town at Token2049 in Singapore.
From a crypto perspective, Cardano founder Charles Hoskinson suggests that former US President and Republican presidential candidate Donald Trump is better suited to win the US presidential election as he has shown more support for the US crypto industry than Vice President Kamala Harris has. Related Reading: Dogecoin Bullish Breakout To $0.24: Analyst Reveals Key […]
At the TOKEN2049 conference, SkyBridge Capital founder Anthony Scaramucci revealed that US Vice President and Democratic nominee Kamala Harris is working alongside industry advocates on her crypto policies before the November elections. Related Reading: Solana (SOL) Flies 12% To Reclaim $140, Is $160 Next? Kamala Harris “Distancing” From Warren And Gensler On Thursday, Anthony Scaramucci claimed to be “working alongside” Kamala Harris to develop her campaign’s crypto policies. SkyBridge Capital’s founder announced at one of the largest crypto events worldwide that the Democratic nominee has been “hearing out” industry proponents. Scaramucci and other undisclosed crypto and Bitcoin advocates have been allegedly pushing the US VP to back industry-friendly policies. These talks have been seemingly “making progress” and “going in the right direction,” he stated at the event. Moreover, the industry advocates working alongside Harris “want to prevent” crypto policies from becoming a partisan issue, aiming for “crypto in the U.S. to have a bipartisan standard unstrained from political and tribal conflicts.” Scaramucci also stated that they are working to “distance” the Democratic Party from figures like Senator Elizabeth Warren and Gary Gensler, who have had a big role in the US’s crackdown on the industry. The Democratic candidate’s stance on the sector has been heavily speculated since she was nominated. Nonetheless, Harris, whose stance remains undisclosed, has been endorsed by several industry figures, including Ripple’s co-founder Chris Larsen and Bitcoin bull Mark Cuban. Who Is The Crypto Industry’s ‘Favorite’ Candidate? At the TOKEN2049 panel, Scaramucci also commented on his feelings about former US president Donald Trump. He applauded the Republican candidate for understanding the industry’s importance, claiming that he has changed the landscape ahead of the elections: Whatever my feelings are about President Trump, I applaud him for understanding how important this industry is for the United States, and I think ironically, he’s pulling the Democrats along into a centrist position on regulation. Trump’s stance has pushed the Biden-Harris administration toward a more industry-friendly approach in the past few months. In a recent interview with CNBC, Cardano’s founder, Charles Hoskinson, also suggested that Trump might be the favorite option from a crypto perspective. To him, the Republican candidate is the clear industry favorite as he has openly embraced the sector, even launching a DeFi project. The community has also launched several Trump-inspired memecoins throughout his campaign, which lead the PolitiFi token sector. Related Reading: Will Bitcoin Break Through $70k? Short-Term Holders’ Buy Price Holds The Key Since the presidential debate on September 10, the US VP has challenged the Republican candidate’s winning odds. Prediction markets like Polymarket show that Harris’s chances of winning surpass Trump’s by 3%, with 51% odds in her favor. Nonetheless, Hoskinson considers that regardless of who wins the election, the world will continue to move toward crypto adoption. “The world, with or without America, is embracing cryptocurrencies,” he stated. As of this writing, Bitcoin, the largest cryptocurrency by market capitalization, is trading at $63,480, an 8% increase in the past week. Featured Image from Unsplash.com, Chart from TradingView.com
Former president reportedly bought burgers using bitcoin at the crypto-themed bar.
After the U.S. Commodity Futures Trading Commission's court defeat last week in the agency's pursuit of Kalshi's election contracts, the regulator's chairman, Rostin Behnam, said it will still keep pursuing the case against what it continues to contend is illegal activity.
Nearly $1 billion has been bet on the crypto-based prediction market. Plus: are you ready for 20x leveraged election betting?
In the run-up to the 2024 US election, crypto donations have already amassed $190 million. Such a huge amount reflects how strongly interdependent the crypto industry has become with the world of politics. Related Reading: Trump Drops Major Clue On Crypto Project Launch Date But as the influence of crypto grows ever-wider and more powerful, […]
According to a 2024 analysis by the Federal Reserve, 7% of adults in the United States currently hold or have used crypto in the past.
The agency plans to appeal the case brought by the trading platform, and could still ask the higher court to stop the firm from listing the contracts.
Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election.
Also, there are now prediction market contracts about other prediction market contracts.
Kalshi "has staked its future on this litigation and these markets," the prediction market platform said, pushing back against CFTC's emergency motion.
The agency says it can't make "an informed decision" about whether to appeal the judge's decision in Kalshi's favor until it knows her rationale.
Recent polling among cryptocurrency holders has candidate Donald Trump firmly ahead of his opponent but researchers are undecided about whether it even matters.
Crypto single-issue voters back Trump in pursuit of deregulating the US crypto industry and probably boosting their wallets, but do they grasp the broader economic policies at stake?
The Trump family has for weeks loudly – but coyly – said they're getting into crypto. More information might finally be coming soon.
The mics likely won't be muted, the market believes.
Recent reports claim that Robert F. Kennedy Jr. will drop out of the US presidential race on Friday. The rumors have made PolitiFi tokens rise over 15% on the last day. While tokens inspired by RFK Jr. have plunged, Trump-themed memecoins took the lead with a 40% surge. Related Reading: Dogecoin Soars 6.5% Following Elon Musk’s Post, Is A Breakout Imminent? RFK Jr. To Dropout Of The Presidential Race During this cycle, memecoins have been at the front of the industry, becoming the largest narrative of the first two quarters. Due to the sector’s nature, crypto investors have immortalized the current event through these tokens, including the upcoming November US presidential elections. A candidate’s crypto stance has become a key factor for voters after the Biden administration’s crackdown on the industry. As a result, pro-crypto candidates have received significant support from the community. Robert F. Kennedy Jr. was among the first to share his industry-friendly approach throughout his campaign, endorsing Bitcoin and blockchain technology. However, recent reports claim the Independent candidate will drop out of the race on Friday. According to ABC News, sources close to Kennedy claim that the presidential candidate will endorse former US president Donald Trump after dropping out. Trump embraced the industry this year and later started accepting donations of different cryptocurrencies. Per the report, “One possible scenario being discussed is for Kennedy to appear on stage with Trump at an event in Phoenix on Friday.” Sources familiar to both candidates cautioned that nothing is finalized and “Kennedy’s thinking could always change.” Nonetheless, the news comes days after the Independent candidate revealed he would not endorse US VP and Democratic candidate Kamala Harris. Trump Memecoins Take The PolitiFi Lead PolitiFi tokens surged 15.5% in the last 24 hours, with the price of memecoins inspired by the former US president taking the lead. As the rumors of RFK Jr. endorsement hit, online reports revealed the republican candidate’s chances of winning the election rose again. According to Polymarket’s 2024 Presidential Election Forecast, Trump’s chances rose to 54% after the news, with a 7% lead against Kamala Harris’ chances. Following the news, the largest Trump-themed token, MAGA (TRUMP), saw a massive increase. TRUMP’s price has taken a hit since the end of July when it was trading above the $6 mark. The memecoin retraced below the $3 support zone following the August market crashes, registering a 41.5% drop in the last 30 days. However, TRUMP skyrocketed 55.6% toward the $4.14 mark on Thursday. As of this writing the token is trading at $3.7, a 40% increase in the last 24 hours. Other memecoins inspired by the former US president also saw a significant surge. Related Reading: AAVE Breaks Out Of 2-Year Accumulation Range, Is A Parabolic Run Ahead? After the news, Doland Tremp (TREMP), Super Trump (STRUMP), and MAGA Hat (MAGA) rose 16%, 25%, and 23% respectively. Meanwhile, the KAMA and KEIDY memecoins registered a 30% and 57% price drop in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
Cryptocurrency corporations have spent a staggering $119 million campaigning in the political landscape for the 2024 US elections. That is nearly half of all corporate contributions in these elections, which total nearly $250 million. Related Reading: Crypto ATM Raid In Germany Yields Nearly $28 Million In Cash Out in front, companies like Coinbase and Ripple […]
Market sentiment suggests that a Trump election victory is bullish for crypto and a Harris win would be bearish, the report said.
The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could "make a difference in key battleground states," OMFIF wrote.
Donald Trump’s plan to make bitcoin a so-called strategic reserve asset doesn’t make much sense, the editorial board of the Wall Street Journal wrote in an op-ed Tuesday.
A Bitcoin analyst predicts the cryptocurrency's price could soar above $800,000 following Trump's promise to integrate it into the US's strategic reserves.
The post Breaking: Joe Biden Officially Withdraws from 2024 Presidential Race appeared first on Coinpedia Fintech News
President Joe Biden announced on Sunday that he will end his re-election campaign. This decision comes amid growing concerns among Democrats that the 81-year-old could not win a second term and might harm the party’s chances in November. The push for Biden to step aside intensified after a poor debate performance against Republican Donald Trump …
President Joe Biden said during an interview that if a medical condition emerged, he'd consider dropping out of the race.
As the U.S. presidential election enters its final stretch, crypto-based prediction market platform Polymarket is striking while the iron is hot by hiring popular statistician and writer Nate Silver as an adviser.