Cryptocurrency

Memecoin ecosystem WOMIO has announced its presale and shared its vision for enhancing memecoin utility. The WOMIO platform will simplify multichain memecoin launches while supporting new use cases that will advance the industry.WOMIO will host its token presale on August 21 at 19:00 (CET), giving the community an opportunity to acquire $WOMIO tokens. $WOMIO will serve as a proof-of-concept memecoin and the mechanism for driving growth of the WOMIO ecosystem. Stakers will unlock a host of benefits within the WOMIO ecosystem while driving a more sustainable approach to memecoin deployment and adoption.Created by an experienced team with a track record of successful crypto investment and project development, WOMIO simplifies memecoin deployment through a single platform for creating and promoting tokens while earning rewards.With a unique combination of token creation, staking, promotional packages, multichain support, analytics, and community-driven features, WOMIO aims to redefine how people engage with memecoins. It combines the humor and social features inherent to the best memecoins with use cases more synonymous with conventional crypto assets.While the principal function of $WOMIO is to serve as a memecoin, the token will evolve into an asset fueling a dynamic ecosystem with diverse use cases. The WOMIO platform’s multichain technology enables anyone to deploy a memecoin in seconds on their preferred blockchain. Whenever a memecoin is created, 1.25% fee of the total supply is collected and automatically distributed among $WOMIO stakers, ensuring continuous rewards and incentivizing community participation.WOMIO Founder Paul Theobald said: “WOMIO is here to change the way people see memecoins. We’re combining the viral energy of memes with real-world utility, setting a new standard in the industry.”The cryptocurrency industry is experiencing rapid growth with increasing interest in utility-driven tokens. While traditional memecoins have thrived on a fair launch philosophy and community ethos, there is increased demand for assets that combine entertainment and tangible value. WOMIO aims to be at the forefront of this trend, pioneering a new category of memecoins that cater to both fun and functionality.WOMIO will empower creators and investors to seamlessly create and launch memecoins by leveraging its multichain technology to elevate projects to new heights. Drawing upon WOMIO’s functionality and value creation through unique staking mechanisms, the platform aims to become a cornerstone of the memecoin landscape.About WOMIOWOMIO is a multichain launchpad, ecosystem, and community platform designed to advance the multi-billion dollar memecoin sector. It combines fun social features and gamification with slick UX that simplifies memecoin creation and community building. WOMIO will move the needle for memecoin utility, bringing new use cases and features that will bring sustainability to one of the most exciting and fastest moving crypto verticals.Learn more: https://worldofmemes.io/ContactDan EdelsteinPR@marketacross.comThis article was originally published on Chainwire More

Kiyosaki’s insights draw attention to the different nature of panics in capital markets versus those in banking. According to him, while market crashes in stocks, bonds, or real estate are obvious to most, banking crises can occur without public awareness. This hidden risk is only partially mitigated by FDIC insurance, which covers deposits up to $250,000.However, Kiyosaki questions the safety of relying solely on this protection and urges individuals to consider alternatives such as gold, silver and Bitcoin.Kiyosaki thinks the current financial system is “corrupt” and getting more vulnerable. That’s why it is a good idea to hold tangible assets that are less likely to fail, the writer is convinced.The bestselling author also thinks that Bitcoin could be worth a lot in the future — even up to $1,000,000. By promoting BTC, gold and silver, Kiyosaki encourages people to protect their wealth from the risks of traditional banking and to prepare for possible economic downturns.This article was originally published on U.Today More

In his latest tweet, Saylor simply wrote: “Behold Bitcoin.” While the statement may seem brief and straightforward, its timing and context carry significant weight.Bitcoin, the largest cryptocurrency by market cap, is currently witnessing a period of relative consolidation hovering near the $60,000 to $62,000 range. Since Aug. 8 specifically, Bitcoin has consolidated below the $62,000 level after reaching highs of $62,755.This pause in Bitcoin’s price movement has led to speculation about where BTC trends in the short term. At the time of writing, BTC was up 0.95% in the last 24 hours to $59,595.As Bitcoin continues to trade below $62,000, Saylor urges the market to look beyond the current pause and consider the broader implications of Bitcoin’s adoption and potential. In another way, the tweet might be a message to the crypto community, suggesting that Bitcoin’s value extends beyond short-term price movements.Whether this moment of consolidation for Bitcoin leads to a breakout or a further dip remains unknown. For now, all eyes are on the next move for Bitcoin’s price.According to Ali, in an uptrend, a dip below the 200-day SMA for Bitcoin can hint at a buying opportunity. However, staying below it for an extended time might indicate the start of a bear market.With the market currently digesting the largest downtrend of the cycle, indecision among digital asset investors remains apparent, on-chain analytics firm Glassnode stated in a recent report. However, below the surface, a clear return to HODLing and accumulation looks to be taking place.Glassnode noted that after several months of relatively heavy distribution pressures, the behavior of Bitcoin holders appears to be rotating back toward HODLing and accumulation. However, activity in spot markets indicates that there has been a net bias toward sell-side pressure of late, and this has not yet completely subsided.This article was originally published on U.Today More

The $60,000 mark has considerable psychological significance in the market, it is not just a round number. Bulls and bears have historically fought fiercely for this level, making it a crucial battleground.Bitcoin tends to draw both buying and selling activity whenever it crosses over $60,000, which increases volatility. Thus, it is imperative to keep an eye on $60,000 as well. Bitcoin might gain enough traction to test higher resistance levels if it can continue trading above this mark.The next immediate resistance level is located just above $60,000. Further significance is added when one notices that this level aligns with the daily chart’s 50 EMA. In the past, when BTC reached this level, it has frequently experienced severe pullbacks as a result of its inability to sustain rising momentum. Failure to do so might lead to a retest of lower support levels. However, breaking and holding above $61,000 could open the door for a longer-term rally.Support for 200 EMA is at $59,548. At $59,548, the 200 exponential moving average Bitcoin is currently trading at. This moving average will be critical in figuring out Bitcoin’s next move as it has historically served as a solid support level. If this level is held, it may serve as a springboard for a possible recovery; if it is broken, additional downside may be indicated with a potential return to the $58,000-$57,000 region.This article was originally published on U.Today More

According to TD Cowen analysts, both Kamala Harris and Donald Trump are viewed as more favorable for the industry than Joe Biden. Harris is viewed as likely to approach crypto with caution, prioritizing investor protections, whereas Trump may defer to his financial regulators, as crypto is not expected to be a personal focus in a potential second term.”We view Kamala Harris as more open to crypto and digital assets than Joe Biden, though we do not view this as a priority and believe the industry could continue to face hostile regulators,” TD Cowen analysts said in a note. When comparing Trump to Harris, the situation is more nuanced. Recently, Trump has positioned himself as a crypto advocate while courting the industry’s support. However, TD Cowen emphasizes that historical patterns suggest that this newfound support may not necessarily translate into more lenient regulatory actions during a second Trump term.The crypto lobby has leveraged the sector’s wealth creation to build political influence as the election approaches, the bank analysts observed.The Biden administration recently engaged with the crypto sector to explore potential policy directions. Meanwhile, Trump has pledged to be the “crypto president” and has dropped his prior rhetoric critical of the industry. Despite this, TD Cowen analysts caution against mistaking campaign rhetoric for actual policy advancements.”Harris is not Biden when it comes to crypto,” analysts highlighted.“We see her as more receptive to the industry and more willing to support policy initiatives that encourage the industry’s growth.” However, Harris is also unlikely to oppose efforts aimed at strengthening investor protections within the crypto space. This suggests that the SEC would continue to play a significant role in overseeing most tokens and trading platforms under her leadership.Analysts believe that both Harris and Trump are expected to support crypto market structure legislation if it successfully passes through Congress. Such legislation might be slightly more stringent on investor protection with Harris in the White House, though not to an extent that would significantly impact the industry’s operations. A key difference may lie in how each would interact with the banking sector. Trump could favor fewer restrictions, though this would likely depend on the personnel he appoints, as he is expected to defer to his bank regulators on these matters. In contrast, Harris is anticipated to proceed more cautiously in this area. More

By examining the available market and on-chain data it is evident that SHIB is presently stuck in a small trading range with its price circling around $0.0000134. The 200-day and 100-day exponential moving averages (EMAs) coincide with the resistance levels at $0.00001813 and $0.00001597 respectively which are important to keep an eye on. A more forceful upward trend may follow if SHIB is able to break above these levels which may indicate the end of this protracted period of stagnation. Support at $0.00001200 is still crucial on the downside. SHIB may enter a deeper correction if a decline occurs below this level which might lead to additional declines.This might prolong the current impasse even more which would be especially worrisome for those looking for a bullish reversal. On-chain indicators point to a lack of significant buying interest which is consistent with the mixed overall market sentiment surrounding SHIB. Because traders are being cautious and waiting for a clear directional move before committing to new positions the trading volume has remained relatively low.A common technical indicator is the 50 EMA which can indicate a weakening upward momentum when the price finds it difficult to break above it. This puts Bitcoin in a situation where it might be stuck in a small trading range and unable to gain the momentum it needs to move higher. The wider market environment is making matters worse as there are indications of growing complexity and unpredictability in the situation. A lack of strong buying interest and decreased trading volume are two possible reasons for the inability to break through this resistance level in the market. According to the provided charts the supply of ETH has increased by 58,292 ETH in the last 30 days with an issuance rate of 939,000 ETH annually. The burn rate which is crucial for limiting supply and preserving scarcity has decreased to 229,000 ETH annually though. With a net annual supply growth of 0.59% Ethereums value proposition which has focused primarily on deflation since the switch to Ethereum 2 may be undermined. Short-term user benefits from low transaction costs may be offset by diminished incentives for validators and a decline in the network’s overall security and stability. The reward structure for validators becomes less appealing when fees are generated less frequently which could result in a decline in network participation. In a proof-of-stake system where validator incentives are essential for preserving network security this scenario is especially worrisome. The fundamental elements of Ethereum’s value such as network security and scarcity could be jeopardized if this trend carries on, potentially leading to a protracted period of stagnation or even decline. A crucial problem that must be resolved to stop Ethereum’s market dominance from further eroding is the continuous drop in fees and burn rate.This article was originally published on U.Today More

Led by Finality Capital and Paper Ventures, with participation from Arrington Capital, Draper Dragon, Lightshift, and others.Holonym Foundation, an organization building the next generation of digital identity security for the decentralized web, is announcing the completion of a successful $5.5 million seed funding round. The funding round was led by Finality Capital and Paper Ventures, with significant participation from Draper Dragon, Arrington Capital, Lightshift, Zero Knowledge Ventures, Zero DAO, and other prominent funds. Human Keys encompass three protocols built by the Holonym Foundation, all having security and robust data privacy systems as core principles: About Holonym FoundationThe Holonym Foundation’s mission is the proliferation of Human Keys to make security and privacy more usable in zero trust environments. Holonym Foundation has developed infrastructure to allow anyone, anywhere, to create Human Keys with Mishti Network, easily use them with Silk and privately prove facts about their identity with Zeronym. Holonym Foundation ProductsMishti Network. A threshold network for zero trust Human Key derivation. Create high entropy Human Keys from private biometrics, passwords, security questions, or other human-memorable data. Mishti also powers Zeronym’s programmable privacy for on-chain private banking, payments, and other real world regulated industries.Silk. The human-friendly wallet for instant onboarding. Use Human Keys with zero trust protocols to save, send payments, access global internet finance protocols and manage your private data. Silk is a protected self-custody wallet that can be recovered without trusted guardians. Zeronym. Proof of personhood and private identity. Fast client-side privacy for identity verification, supporting digital credentials from 180 countries. Use Human Keys to prove any fact privately without revealing any information in zero knowledge. Business can utilize Zeronym for privacy-preserving KYC/AML with programmable privacy for on-going monitoring.CONTACT & SOCIALSFor PR enquiries users can contact press@holonym.ioUsers can stay connected with Holonym Foundation and it’s Products: More

(Reuters) – Bitcoin, the world’s biggest and best-known cryptocurrency, rose 5.17% to $59,609 at 2013 GMT on Friday.Bitcoin, the world’s biggest and best-known cryptocurrency, is up 54.8% from the year’s low of $38,505 on January 23. More