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As the 2024 U.S. presidential elections loom, the cryptocurrency industry finds itself on the precipice of potential transformation. With the advent of blockchain technology, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have emerged as global financial disruptors. However, the outcome of the upcoming elections could significantly impact the trajectory of this thriving sector and affect new cryptos like PAT WARS (PAWS). In this article, we explore the potential ramifications of the 2024 U.S. presidential elections on the cryptocurrency industry.

Since taking office in 2021, President Joe Biden has expressed interest in regulating the cryptocurrency market to protect consumers and maintain financial stability. Although Bidens administration has yet to announce specific policies targeting the industry, it is anticipated that increased regulatory scrutiny will be a focal point. This regulatory environment could bring both challenges and opportunities for the crypto industry.

One potential challenge that Bitcoin and Ethereum could face is the introduction of stricter regulations aimed at combating money laundering and illicit activities. While these regulations are necessary for consumer protection, they could impose burdensome compliance requirements on crypto businesses, exchanges, and users. Additionally, heightened scrutiny may lead to increased volatility in the market, as regulatory announcements often have a profound impact on cryptocurrency prices.

Furthermore, if the Biden administration pursues a more centralized approach to digital currencies, it may inadvertently undermine the decentralization and transparency that cryptocurrencies have sought to achieve. Such a move could create uncertainty and cause investors to question the long-term viability of Bitcoin and Ethereum.

The political uncertainty could affect new cryptocurrencies like PAT WARS too. A new coin playfully drawing from Star Wars, it could find its reach in the U.S. stunted by a new federal insistence on pursuing a more centralized approach with cryptocurrencies.

Why would this affect something like PAT WARS? It espouses a belief in a decentralized and inclusive financial future driven by a sense of community. The new project is owned by its users, who participate in its decision-making process. This bears hallmarks to meme coins that preceded it.

Its ecosystem comprises two significant components: NFTs and PATWARS DAO, the latter being the function that enables users to have a key contribution to the decision-making process of the new crypto project.

What this shows is that being decentralized is the underpinning hallmark of cryptocurrency, especially community-owned crypto projects like PAT WARS. A new federal framework of regulations around cryptocurrency has to explore ways in which this is not curtailed.

On the other hand, the 2024 U.S. presidential elections could also bring opportunities for the cryptocurrency industry. Bidens administration has shown interest in supporting emerging technologies, such as blockchain, to drive innovation and economic growth. This sentiment opens the door for collaborations between the government and crypto companies to explore practical use cases and promote wider adoption.

Moreover, Bidens administration may take steps to provide clarity on the regulatory landscape for cryptocurrencies. Clear guidelines and frameworks could attract institutional investors and traditional financial institutions, thus boosting confidence in the market. Increased institutional adoption would likely lead to greater liquidity and stability, further solidifying PAT WARS, Bitcoin, and Ethereum as legitimate investment options.

For more information on PAT WARS please see below:

PatWars:

Website: https://www.patwars.com

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Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Ethereum And Monero Look Strong While Big Eyes Coin’s End Of … – Analytics Insight

May 12, 2023 | Author: admin

One of the biggest presales over the last year is finally coming to an end. Big Eyes Coin a popular meme coin that is known for its iconic cat designs will end its presale on the 3rd of June this year, marking a milestone for the meme coin.

Meme coins have always been an important part of the crypto industry. Known for their mascots and extensive communities, meme coins are usually swayed by the endorsements of celebrities. One instance of this is DogeCoins price being swayed by Elon Musks comments on Twitter.

Now you can find multiple meme coins in the market, each one embedded with a unique set of features.

This meme coin has raised $34 million to date and is still available for investment from those who want to join the revolution. Big Eyes Coins token comes with a Defi ecosystem with NFTs, Lootboxes, and a constantly developing environment for crypto enthusiasts.

If you have bought Big Eyes Coin, you will also be able to take part in regular charity initiatives since the team behind the meme coin regularly makes donations to organizations such as Orca Network, Fruit Tree Planting Organization, and AHBAP charity.

The coin is currently in its 13th stage of funding, giving investors a very short window before the presale is over. After the presale concludes, Big Eyes Coin will be listed on Uniswap for public trading.

Ethereum has held on to the position of being the second-largest cryptocurrency in terms of market capitalization despite the highs and lows of the crypto market.

Created by Vitalki Buterin in 2015, Ethereum started out strong by offering a virtual environment for development to anyone who wishes to build decentralized applications on the network.

Today, Ethereum is only behind Bitcoin in terms of popularity and has some of the worlds most widely used cryptocurrencies and their applications running on its blockchain.

Its trademark ERC-720 token is responsible for most of the NFTs you see today. Likewise, the ERC-20 token was used to create some of the most technically sound cryptocurrencies being traded in the market right now.

Created in 2014, Monero is an open-sourced cryptocurrency that is known for its enhanced blockchain privacy. Its blockchain makes transaction details, the identity of senders, and the transaction amount by disguising the addresses.

Monero operates differently from Bitcoin when it comes to transaction history. Bitcoins transactions are publicly stored on the blockchain, allowing people to trace and verify payments if they want to.

Monero has a non-traceable transaction history, giving participants a much safer network to make their payments on.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Opensea: https://opensea.io/collection/big-eyes-lootbox-cards

Twitter: https://twitter.com/BigEyesCoin

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TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro – Ethereum World News

May 12, 2023 | Author: admin

Summary:

TerraUSD creator Do Kwon will be released in Montenegro after a court in the countrys capital granted his bail request.

Kwons lawyers proposed a bail of $437,000 or the equivalent of 400,000 during a court hearing on Thursday. The charges claim that Do Kwon traveled with forged documents after his arrest in March.

Local prosecutors argued that the two suspects have the financial means to escape Montenegro and have zero interest in staying in the country, an argument seemingly insufficient for the court.

A Basic Court in Podgorica will allow Kwon to stay at his apartment after he pays the bail. Han, a Terra executive detained alongside Kwon, will pay the same amount. Both defendants cannot leave their apartment or Montenegro and must answer all court summons per the terms of Fridays bail ruling.

Do Kwon who was about to board a private jet bound for Dubai before his arrest could spend years in a Montenegrin prison cell if convicted. Another court hearing is scheduled for June 16 as authorities prepare to prosecute the Terraform Labs founder for forging travel papers.

Even if Kwon is cleared in a Montenegro court, possible extradition awaits for the crypto entrepreneur whose company obliterated $40 billion from the market last May.

Its unclear how prosecution in Montenegro will affect extradition requests from South Korea and the U.S. Both jurisdictions hope to arraign Do Kwon, although investigators in South Korea argue that trying him in his home country is the best option.

The U.S. Securities and Exchange Commission (SEC) already filed civil fraud charges against the Terraform Labs founder.

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TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro - Ethereum World News

Institutional Investors Turn to Shiba Inu (SHIB), Ethereum (ETH) and … – The Portugal News

May 12, 2023 | Author: admin

>> Buy HedgeUp Now <<

Shiba Inu (SHIB) - A High-Reward Bet

Shiba Inu (SHIB) has come a long way from being tagged as a meme coin. Its growth trajectory and resilient community have made it a viable investment for institutional investors. SHIB's market performance, coupled with its growing utility in the DeFi space, suggests that it can deliver consistent returns, a feature that's highly attractive to institutional investors.

Ethereum (ETH) - The DeFi Powerhouse

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has always been a safe bet for institutional investors. Its powerful smart contract functionality and the growing DeFi ecosystem built around it make it an attractive choice for steady gains. Moreover, the much-anticipated Ethereum 2.0 upgrade, which promises to solve scalability issues and lower gas fees, has further boosted investor confidence.

HedgeUp (HDUP) - The New Entrant Winning Hearts

HedgeUp (HDUP), a new entrant in the DeFi space, has emerged as a strong contender for institutional investments. The project's recent record-breaking presale, raising $1.4 million, speaks volumes about its potential. HedgeUp's (HDUP) innovative approach to yield farming and democratizing finance is attracting investors looking for consistent and robust returns. The project's vision and the promise of high yields have made it a favorite among institutional investors looking to stabilize their portfolios.

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Steadying Portfolios Amid Market Volatility

Cryptocurrency markets are notoriously volatile, and institutional investors, who typically favor less risky assets, are always on the lookout for opportunities to hedge against this volatility. The decision to invest in Shiba Inu (SHIB), Ethereum (ETH), and HedgeUp (HDUP) is indicative of a strategy to balance their portfolios with a mix of established coins and promising new projects.

>> Buy HedgeUp Now <<

Conclusion

As institutional investors continue to explore the crypto market, their investment choices will play a significant role in shaping the market dynamics. Their faith in Shiba Inu (SHIB), Ethereum (ETH), and HedgeUp (HDUP) not only endorses these projects but also paves the way for their acceptance among retail investors.

In the ever-evolving crypto landscape, the move by institutional investors to steady their portfolios with Shiba Inu (SHIB), Ethereum (ETH), and HedgeUp (HDUP) is a significant development. It reflects the maturing of the crypto market and the increasing recognition of its potential. As more institutional investors dip their toes into the crypto ocean, we can expect to see further mainstream acceptance and adoption of these digital assets.

Despite the inherent volatility of the crypto market, the fact that institutional investors are willing to bet on these cryptocurrencies is a testament to their potential. As we continue to navigate the waves of the crypto sea, it will be interesting to see how these investments pan out and what other digital assets will capture the attention of institutional investors.

For more information about HedgeUp (HDUP) presale use the links down below:

Disclaimer:The views expressed on this page are those of the author and not of The Portugal News.

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Cardano [ADA]: DJED spreads its wings, prepares for multi-chain takeoff – AMBCrypto News

May 12, 2023 | Author: admin

Launched on the Cardano [ADA] mainnet on 31 January, the networks native over-collateralized stablecoin Djed [DJED] is set to expand to multiple blockchain networks.

How much are1,10,100 ADAs worth today?

In a blog post published by Coti on 11 May, the developers behind DJED said, while the stablecoin will remain unchanged when it is implemented on other blockchains, it will exist as a wrapped token on these networks.

The developers added that a centralized bridging solution is necessary to provide a safe platform and decided to partner with Chainport.

According to Coti:

DJED will likely be integrated into Binance Smart Chain and Ethereum first, with other blockchains to be added at a later date.

DJED announced its multichain expansion plans two weeks after the over-collateralized stablecoin launched on Milkomeda-C1, an EVM-compatible sidechain of the Cardano network.

Since its launch, DJED has amassed a total of 36 million ADA tokens locked in its over-collateralized reserve. According to data from DefiLlama, at press time, the coins total value locked (TVL) was $15.08 million.

Also, despite the momentary de-pegging of leading stablecoins USDC, USDT and DAI when Silicon Valley Bank (SVB) unexpectedly collapsed in March, DJED maintained its peg.

At the time of writing, Cardanos TVL stood at $139.36 million. DJED ranked as the fourth-highest contributor despite being released barely four months ago.

At press time, the coin traded hands at $0.3603. As the rest of the market trades north, ADAs Open Interest has fallen into decline since 16 April.

According to data from Coinglass, the alts Open Interest has since dropped by 33%.

When an assets Open Interest dips, the market for the asset becomes more illiquid. It will also be marked by a fall in the number of available buyers and sellers. It is often followed by a drop in such an assets value.

ReadCardanos [ADA] Price Prediction2023-24

Assessed on a daily chart, ADA appeared oversold at press time. However, its price rested on the lower band of its Bollinger Band indicator.

This meant that a price rebound was likely while the coin traded below its average trading range and was oversold. The bullish divergence created between the ADAs Chaikin Money Flow (CMF) and its price lent basis for this position.

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Cardano [ADA]: DJED spreads its wings, prepares for multi-chain takeoff - AMBCrypto News

Shiba Inu Admin Warns of Fake SHIB Tokens on Other Chains – The Crypto Basic

May 12, 2023 | Author: admin

There is a new scam aimed at crypto exchanges, where scammers create Shiba Inu (SHIB) on other networks and pose it as an official version.

With its strong community and utility, the Shiba Inu (SHIB) token has continuously made waves in the crypto world. Sadly, some people are capitalizing on its sensationalism to pull underhand tricks.

A prominent figure of the Shiba Inu community and Shibarium Telegram Group Admin has recently taken to social media to forewarn crypto portfolio asset managers about a scam rising in popularity targeted at them and their users.

In a tweet on Thursday, well-known SHIB member Ragnar Shib warned about a new crypto scam targeting crypto exchanges. According to Ragnar, some bad actors created a version of Shiba Inu on the Fantom (FTM) blockchain, presenting it as an official rendition.

However, Ragnar declared that Shiba Inu and its ecosystems tokens, including SHIB, Bone, and Leash, are all based on the ERC20 network, the Ethereum blockchain, and no other. Consequently, Ragnar urged crypto exchange listing managers to be aware of the scam and to take appropriate measures to protect themselves and their users.

Although Ragnar pointed out that a Discord community claimed the SHIB token exists on the Binance Smart Chain (BSC) network, he reiterated that SHIB is only on the Ethereum blockchain, and every other chain claiming otherwise was a scam.

Notably, the fraudulent scheme is a classic example of a phishing scam common in the crypto space. Phishing involves sending messages that appear to be from a legitimate source but are designed to trick users into giving away their private keys or other sensitive information.

Recently, a scammer posing as Shytoshi Kusama, one of the lead developers of Shiba Inu, scammed community members by creating a fake Twitter account with a very similar handle to the official one.The scammer urged unsuspecting victims to register their wallets for private access to the beta launch of Shibarium and claimed that only those with SHIB, BONE, and LEASH would gain priority access. The tweet included a link to a fake Shibarium Beta Launch Registration Link, and those who connected their wallets through it lost all their virtual assets.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ethereum-Linked to Vitalik Buterin Move, is a Selloff Incoming? – CoinGape

May 12, 2023 | Author: admin

Ethereum (ETH), the second-largest cryptocurrency by market capitalization has been the subject of much discussion lately due to its ongoing link to its creator, Vitalik Buterin. Buterin has been an important figure in the blockchain world since he co-founded ETH in 2014, and his influence over the direction of the project can not be understated. As such, any news related to Buterin and Ethereum tends to cause a stir among investors and traders alike.

According to a May 10 tweet by Lookonchain, 0xD04d a wallet address linked to Vitalik Buterin transferred 3,500 ETH worth about $6.56 million to another address 0x9e92 in its last tranche of transfer to the wallet address.

Additionally, the information also reveals that the Buterin-linked wallet has since December 2022 made a total transfer of 17,800 ETH amounting to about $33 million.

Recently, there have been rumors circulating that Buterin is planning to sell a significant portion of his ETH holdings, which could have a major impact on the market. For one, it is not clear whether Buterin is actually planning to sell any of his Ethereum holdings.

While there have been rumors to this effect, there has been no official confirmation from Buterin or the Ethereum Foundation. Likewise, even if the founder was to sell some of its ETH, it is not clear how much of an impact it would have on the market.

Recall that a few days ago, Ethereum Foundation and Buterin moved over 15k ETH to Kraken. This move raised FUD in the crypto community with many thinking that an ETH price and meme coins crash could be coming.

Earlier in March Vitalik sold most of the shitcoins in his wallet prompting the coins including MOPS, CULT, and SHIK amongst others to get rekt. Vitaliks action was criticized by crypto Twitter as the community argued that the selloff impacted the low-value projects and the investors who owned them

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Ethereum-Linked to Vitalik Buterin Move, is a Selloff Incoming? - CoinGape

BRC-20: Know Everything About This New Development By Bitcoin – CoinGape

May 12, 2023 | Author: admin

The emergence of cryptocurrencies has changed peoples perspectives toward wealth. While blockchain technology is coming up with new innovations every other day, the latest talk of the town is BRC-20. BRC-20, like Ethereums ERC-20 token standard, is a token standard that operates on the Binance Smart Chain (BSC). This new token standard boomed the crypto world with its high utility. It has swiftly become one of the most popular token standards on the Binance Smart Chain. Also, it has been utilized in a variety of decentralized finance (DeFi) projects. Here is a sneak peek into BRC-20s history, coins created on BRC 20, and future prospects of this ground breaking technology.

BRC-20s history is tied to the incredible rise of the Binance Smart Chain (BSC). Back in September 2020, Binance came up with a surprising innovation titled BRC-20, a faster, less expensive alternative to the Ethereum blockchain. Showering all its traits, BRC-20 immediately became popular among both developers and users, and it quickly became a hub for DeFi initiatives. Its popularity stems from its ease of usage, cheap costs, and compatibility with present Ethereum tools and infrastructure.The BRC-20 token standard was created using Ordinals and Inscriptions and was originally kept on the Bitcoin base chain. Hence, this token standard popped out from creating the Ordinals protocol, which in return allows users to store any file on the Bitcoin blockchain.

The Binance Smart Chain has become a hotspot for decentralized finance (DeFi) projects, with many of the developers creating tokens using the BRC 20 standard. The first BRC-20 coin that boomed the market was ORDI, which initially popped out as a meme but now it has a market cap of around $500 million. Some of the other popular coins created on BRC-20 are Ordi, Pepe, Pizza, Moon, and more. Since their launch, the value of these currencies has skyrocketed, and they continue to draw new investors and users.

The market of BRC-20 is rapidly expanding. A total of 14,709 different tokens made using the BRC-20 standard have already popped up in the crypto world and the number is getting stiffer. BRC-20 is turning out to be a new revolution with its tokens fast approaching a market cap of $1 billion.On top of that, the team behind BRC-20 is rapidly evolving, and they have promised to polish the features of BRC-20, which will make it easier for developers to craft tokens using BRC-20. We should anticipate seeing even more tokens and financial products employing BRC 20 as the DeFi space grows. Summing up, BRC-20 is likely to have a bright future, playing a significant role in the world of cryptocurrencies.

As weve seen, BRC-20 has enabled the development of an array of unique tokens that are attracting an increasing number of developers and investors. Looking ahead, it seems apparent that BRC-20 will become much more important in the upcoming years. Whether youre a developer, investor, or user, its the golden hour to be active in the world of blockchain and decentralized money. And, with BRC-20 at the helm, the possibilities are absolutely enormous.

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BRC-20: Know Everything About This New Development By Bitcoin - CoinGape

Privacy Is the Achilles Heel of Ethereum – OODA Loop

May 12, 2023 | Author: admin

In the ever-evolving cryptocurrency industry, Ethereum has emerged as a pioneering force. Its revolutionary approach to smart contracts and decentralized applications (dApps) has set a precedent for other blockchain networks. Yet, amid all the groundbreaking innovations, Ethereum grapples with a serious concern that could undermine its potential: privacy.The concept of privacy in the context of blockchain technology is complex. Even Ethereums founder Vitalik Buterin maintains that privacy is one of the biggest challenges for the network.The status quo involves putting large amounts of information on-chain, which is something that is fine until its not, and eventually will become unpalatable if not outright risky to more and more people, said Buterin.Ethereum privacy is a multifaceted issue encompassing several principles, not simply keeping user data hidden. These include user control and consent, minimal disclosure, security assurance, identity protection, and trustless validation.Each of these principles presents its own set of challenges in the current Ethereum structure.

Full story : Privacy Is the Achilles Heel of Ethereum.

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RenQ Finance: Better Option than ETH – The Cryptonomist

2024 U.S. Presidential Elections Will Have an Effect on Crypto … – Crypto News Flash

Ethereum And Monero Look Strong While Big Eyes Coin’s End Of … – Analytics Insight

TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro – Ethereum World News

Institutional Investors Turn to Shiba Inu (SHIB), Ethereum (ETH) and … – The Portugal News

Cardano [ADA]: DJED spreads its wings, prepares for multi-chain takeoff – AMBCrypto News

Shiba Inu Admin Warns of Fake SHIB Tokens on Other Chains – The Crypto Basic

Ethereum-Linked to Vitalik Buterin Move, is a Selloff Incoming? – CoinGape

BRC-20: Know Everything About This New Development By Bitcoin – CoinGape

Privacy Is the Achilles Heel of Ethereum – OODA Loop

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