A lawyer representing Elon Musk and his America PAC political action committee told a Pennsylvania judge on Nov. 4 that the recipients of his client’s daily $1 million “giveaway” were handpicked based on personal stories. The testimony, provided by Chris Gober, an attorney known for his work with the Republican Party, disputes the portrayal of the so-called sweepstakes as a lottery for voters. voter incentivesMusk announced a program in early October that would pay $1 million each day leading up to the election to one randomly registered voter in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. But according…
Author: Crypto Flexs
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Tony Kim November 5, 2024 06:43 a16z Crypto is investing $23 million in Fairshake PAC to help establish bipartisan cryptocurrency policies for the 2026 midterm elections and highlight the need for clear regulation. a16z Crypto’s Policy Commitments a16z Crypto, a venture capital fund known for its investments in cryptocurrency and web3 startups, announced a significant financial commitment to shape U.S. cryptocurrency policy. According to a16z crypto, the company is donating more than $23 million in additional funds to Fairshake and affiliated PACs during the 2026 midterm election cycle. Support bipartisan efforts The Fairshake organization…
Crypto leaders and Silicon Valley giants have boosted Fairshake’s funding for the 2026 US midterm elections even as the country prepares to elect its next president. According to CNBC, cryptocurrency super PAC Fairshake has raised $78 million from blockchain advocates and corporations to lobby for the 2026 midterms. The U.S. midterm elections, held in the second year of a president’s term, will decide many congressional seats and potentially favor digital asset regulation. Coinbase and Andreessen Horowitz are among the backers funding cryptocurrency advocates in Congress. Coinbase, the largest centralized cryptocurrency exchange in the United States, pledged to donate $25 million.…
Timothy Morano November 4, 2024 23:02 Anchorage Digital, Bullish, Galaxy Digital and others have launched the Global Dollar Network featuring the new stablecoin USDG, boosting stablecoin usage globally. According to Paxos, the Global Dollar Network, an open network aimed at accelerating stablecoin adoption globally, has been adopted by prominent fintech and digital asset leaders including Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood. This initiative aims to increase the use of stablecoins by providing a platform to support innovative financial solutions. Launch and Goals Announced in Singapore, the Global Dollar Network is…
An analyst who accurately predicted a market crash in 2022 says a major black swan event could crush altcoins ahead of the US election. Anonymous cryptocurrency analyst Capo wrote to his 105,000 subscribers on his Telegram channel that OTHERS, which tracks the market capitalization of all cryptocurrency assets excluding stablecoins and top 10 coins, could see a huge decline during the election. said. Capo wouldn’t predict exactly what the black swan event would be, but said it would be an optimal buying opportunity. “Quick update: As mentioned earlier, a number of factors can cause a black swan event before the…
The use of AI agents to create, promote, and trade cryptocurrencies has so far been largely theoretical.But with Terminal of Truths, an AI shitposter promoting Goateus Maximus, Luna bots encouraging users to engage, and foundational agents enabling quick and easy crypto agent creation on Ethereum L2, the future has suddenly become very real. Luna is streaming 24/7. (virtual protocol) These developments have brought a new wave of excitement to Crypto But the AI agent craze also has many pitfalls for younger players. Cryptocurrency exchange Coinbase is leading this trend by unveiling Based Agents, which allows users to create AI agents…
Ethereum price extended losses and traded below the $2,500 support level. ETH is consolidating and may have a hard time recovering above the $2,500 resistance. Ethereum began a new downtrend at the $2,550 resistance zone. The price is trading below $2,480 and the 100-hour simple moving average. There is a new connecting bearish trendline forming with resistance at $2,445 on the hourly chart of ETH/USD (data feed via Kraken). A break above the $2,445 and $2,500 resistance levels could start a recovery for the pair. Losses widen due to Ethereum price Ethereum price struggled to stay above $2,500 and began…
Kaspa’s price has fallen by double digits over the past 30 days. Several indicators suggested a trend reversal towards $0.12. The last 30 days have been the worst Caspar (KAS) Because it has lost much of its value. This may have sparked some panic among investors. However, some on-chain indicators and technical indicators hinted at a trend reversal. Therefore, AMBCrypto conducted further research to determine the bull’s chances of survival. Kaspa’s latest massacre KAS investors have had a tough time, with the token price falling more than 25% over the past 30 days. In fact, in the past seven days…
Louisa Crawford November 4, 2024 23:38 We explore decentralized applications (DApps), how they differ from traditional apps, and their importance in the Web3 revolution, emphasizing their impact on user control and security. Decentralized applications, commonly known as DApps, are emerging as a revolutionary force in the digital landscape, leveraging blockchain technology to transform the way applications work. According to Gala News, unlike traditional applications that rely on centralized servers, DApps operate on a decentralized network, providing improved transparency, security, and user control. How DApps differ from existing apps Traditional applications are typically managed by…
Cardano (ADA) has once again fallen below the crucial $0.3389 support level, sparking concerns that the downside could be prolonged. This level was previously held strong as a line of defense for the ADA, but recent violations suggest sellers may have the upper hand. With ADA exploring lower levels, investors are questioning whether this slip could open the door to a deeper downturn. As the downside strengthens, this article aims to analyze ADA’s recent decline below the important $0.3389 support level and assess the likelihood of a deeper downtrend developing. By exploring technical signals and market dynamics, this article will…