Crypto

The post These Altcoins Are Poised to Make New Crypto Millionaires This Summer appeared first on Coinpedia Fintech News The summer months are shaping up to ignite significant shifts in the cryptocurrency arena, with several lesser-known coins showing potential for substantial growth. The current market trend suggests a bright horizon for select cryptocurrencies, which may lead to impressive financial gains for those invested in them. This article shines a light on the coins that analysts believe could create a new…

TL;DR Donald Trump now endorses cryptocurrencies, reversing his previous skepticism and promoting himself as the pro-crypto candidate in contrast to Joe Biden, who he claims opposes the industry. The meme coin BODEN, linked to Joe Biden, rose 40% in value, while MAGA, associated with Trump’s slogan, surged by 60%. BODEN and MAGA Flash Green The elections for America’s next president are just a few months away, and the main candidates have already started firing shots at each other. The latest confrontation was caused by…

Former U.S. President Donald Trump has announced his intention to ensure cryptocurrency donations are accepted for his campaign donations. Trump is the Republican candidate for the upcoming U.S. presidential election scheduled for November 2024. Trump Pushes for Crypto Donations In various video clips posted to X by Frank Degods, a non-fungible token creator and influencer, Trump addressed his NFT buyers during a gathering where he met those who purchased his “Mugshot Edition” collection on his day off from trial. The…

The post Donald Trump Embraces Crypto Ahead of the 2024 Election appeared first on Coinpedia Fintech News Donald Trump, the Republican candidate for the 2024 US Presidential Elections, has shifted their stance, promising to end US hostility towards cryptocurrencies. He also accepts campaign donations in digital assets. Trump pledges to protect the rights of crypto investors, in contrast to Biden’s regulatory approach. Though Trump previously criticized Bitcoin, he now accepts digital assets and is launching self-branded NFTs. Meanwhile, amidst the…

The post House Votes to Overturn SEC Crypto Custody Rule, Senate Review Next appeared first on Coinpedia Fintech News The US House of Representatives passed a resolution with 228 votes to overturn an SEC bulletin on cryptocurrency custodian accounting. The rule was issued in 2022 and required firms to list cryptocurrencies held by customers as liabilities. This results in industry debate over burdens relating to regulations. The Chair of the House Financial Services Committee, Patrick McHenry, criticized the SEC’s stringent…

Journalist and host Laura Shin interviewed crypto traders Ansem and Kel, known on X as blkoiz06 and Kelxyz, for her Unchained Podcast.  They discussed why memecoins had become the most profitable crypto trade this cycle and what the future might hold for the sector. Is There Value In A Memecoin? To begin with, Shin asked the traders whether there was substance in tokens based on memes, as it has been a big argument against them. To Ansem, people “think too…

Crypto analyst Crypto Dona has predicted a 350% price surge for Shiba Inu (SHIB). He suggested that the meme coin will unlikely go higher than that in this bull run.  Shiba Inu To Rise To $0.00011 Crypto Dona revealed in an X (formerly Twitter) post that his price target for Shiba Inu is $0.00011 and that he doesn’t see the meme coin going higher. A rise to that level represents a 350% price surge for the meme coin, which will…

.A Republican-led effort to free American banks to provide crypto custody services has been shut down by the Democrat-led White House. On Wednesday, the House of Representatives discussed and prepared to vote on House Resolution 109 (H.J. Res. 109), which would strike down prior accounting guidance from regulators to banks planning to offer the service to customers. Hours before the vote began, however, the Biden Administration stated its intention to veto the resolution if it manages to pass through the…

Tether aims to help CityPay.io establish 500,000 crypto payment points in Georgia, Armenia, and surrounding regions. This collaboration reflects Tether’s commitment to promoting cryptocurrency adoption in developing Eastern European economies. Tether Operations Limited is strengthening its role in Eastern Europe by increasing its investment in CityPay.io, a payment processing company operating primarily in Georgia. This follows Tether’s 2023 investment, which marked the first instance of a stablecoin company supporting CityPay.io. The payment processor is active in more than 600 locations…