Elon Musk plans to deploy payment services by mid-2024, with bureaucratic procedures being the main reason for the delay. There is no confirmation yet on whether cryptocurrency will be included in the platform.

Elon Musk announced his intention to launch payment services on his X platform by the middle of next year. However, bureaucratic procedures have caused delays in the feature going live. Musk mentioned that the required paperwork was submitted late, but he is not aware of any issues that would prevent their money transmitter license applications from being approved.

Elon Musk aims to introduce payment services on his X platform by mid-2024, but bureaucratic procedures have caused delays. While there is no confirmation on cryptocurrency inclusion, Musk has expressed limited interest in digital assets and emphasizes the importance of fiat currency.

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Elon Musk's Payment Services Delayed: Will Cryptocurrency be Included? - Geeks World Wide

Crypto Prices Today: Bitcoin, BONK Retreat While Pepe Coin, Optimism (OP) Surge

The crypto prices today were in the negative territory, a day after the U.S. Commerce Department released the PCE inflation data. Meanwhile, inflation seems to be declining, as evidenced by

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SEC and FSS to Discuss Cryptocurrency Regulations in January - CoinGape

Ethereum's price has surged from below $1,000 to over $2,000, signaling a substantial increase. Ultrasound Money's analysis reveals a significant shift in Ethereum's economic model post the September 2022 merge, resulting in a deflationary trend.

NuggetRush (NUGX) is redefining the NFT crypto landscape with its innovative GameFi model, integrating impact gaming and supporting miners in underdeveloped countries. The platform enhances mining experiences, where gamers explore mines for real-world value treasures.

As the cryptocurrency landscape continues to evolve, two key players have caught the attention of enthusiasts and investors: Ethereum (ETH) and NuggetRush (NUGX). In this comprehensive analysis, we delve into the recent surge, supply dynamics, and future projections of Ethereum. Shifting focus to the GameFi world, NuggetRush emerges as a frontrunner, revolutionizing the space with its innovative approach. Let us explore the intricacies and developments in the two cryptocurrencies.

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Examining Ethereum's (ETH) Recent Surge, Supply Dynamics, and Future Projections: A Comprehensive Analysis

Ethereums (ETH) price has increased steadily in recent months, going from below $1,000 per coin to over $2,000.

In the meantime, Ultrasound Moneys analysis of Ethereums (ETH) recent financial data highlights a constant shift in its economic model since the historic merge in September 2022. The drop in Ethereums (ETH) supply is 309,663 ETH, translating to $686.2 million. The reduction represents a deflationary trend, contrasting the past inflationary nature in which Ethereum (ETH) was continuously developed.

The cause of that shift in Ethereums model is traced to the burning of 1,195,238 ETH, valued at $2.65 billion. Burning these tokens helps boost scarcity in the market, which increases the value of the crypto in the long term. The supply of this top altcoin stands at the lowest point since the merge.

Elsewhere, on December 5, 2023, LookonChain published that an Ethereum whale sent 39,260 ETH worth $87.5 million to the Kraken crypto exchange. If the whale sold this amount, it would receive over $78 million in profit.

Analysts expect to see a bull market in the crypto industry in 2024. With the Bitcoin (BTC) halving event coming up, Ethereum (ETH) and other assets might explode to reach new all-time highs.

On December 18, 2023, ETH was trading at $2,165.75. However, analysts believe it is a normal market correction, insisting that Ethereum (ETH) will rise to $2300.15 by the end of 2023, supported by development in its market.

NuggetRush (NUGX): Revolutionizing GameFi with Impact Gaming, Staking Rewards, and Record-Breaking ICO Success

NuggetRush (NUGX), the best NFT crypto on the blockchain, is paving the way for GameFi by integrating impact gaming into its revolutionary model. Designed with trending NFTs that double as game characters in the platforms metaverse, the project supports artisanal miners in underdeveloped countries.

Mining is boosted within NuggetRushs (NUGX) ecosystem, as gamers who start their adventure with minimal resources have to explore the mines looking for treasures with real-world value.

NuggetRush (NUGX) offers more than just an exciting gaming experience. Players and investors participating in the staking protocol offered by NuggetRush (NUGX) get various Rewards. Notably, they can stake their assets to earn up to 20% APY.

The Rush Guild is another benefit, offering member governance rights and exclusive access to discounts, bonuses, and rewards. NuggetRush (NUGX) will rise to the top of the decentralized cryptocurrency list, outperforming the other meme coins with its revolutionary model that guarantees winnings on the platform can be changed into real-world assets.

The top ICO has been impressive with its presale, accomplishing remarkable milestones. Launched recently, this NuggetRush (NUGX) presale is selling out fast, nearing the end of round 3. The token will list on crypto exchanges at $0.02, a 53.85% profit for current investors. These gains make NuggetRush NUGX the best crypto investment in 2023.

NuggetRush (NUGX) has raised over $1 million in funding, selling over 92 million tokens. With the speed at which investors keep buying these tokens, NUGX might hit its $215 million hard-cap target for the presale.

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Is Ethereum (ETH) on Track to Hit $2,500? NuggetRush Emerges as the Standout Performer in Today's Cryptocurrency ... - CryptoDaily

The cryptocurrency market has once again captured the attention of investors and enthusiasts alike, with the recent surge in popularity of memecoins and non-fungible tokens (NFTs).

While the anticipation surrounding the approval of bitcoin exchange-traded funds (ETFs) has dominated headlines in the crypto space, it is the altcoins, such as dogwifhat, that have been generating significant gains, Bloomberg reportedWednesday (Dec. 20).

These speculative tokens have witnessed jumps of over 1,000% within a matter of days, attracting investors with their low trading prices, according to the report.

As the market experiences a resurgence, larger tokens like Solana and Avalanche have also seen a surge in value, making them some of the top gainers this year, the report said.

Altcoins, characterized by their unique and often quirky concepts, have become the latest trend in the crypto market, per the report. Memecoins, like dogwifhat, have seen price surges reminiscent of the last bull market over two years ago.

While memecoins and NFTs lead the recent gains in the crypto landscape, bitcoin has also seen a positive price movement, according to the report. Trading at its highest price in over a week, bitcoin rose by as much as 4.2% to reach $44,294.

This surge in price comes as the Securities and Exchange Commission (SEC) faces a deadline of Jan. 10 to approve or reject bitcoin ETFs, the report said. The anticipation of ETF approval, coupled with the recovery of FTX claims, has contributed to the positive sentiment surrounding crypto.

The FTX claims, which have seen an increase in value, are trading above 50 cents to the dollar, indicating a rally in digital assets, per the report.

It was reported on Dec. 4 that bitcoins pricehad topped $41,000 for the first time in 20 months, having climbed steadily during the previous weeks. Observers said at the time that the crypto market could be turning a corner.

On Monday (Dec. 18),Greyscale InvestmentsCEOMichael Sonnensheinsaid that the Securities and Exchange Commission (SEC) should approve all applications forspot bitcoin ETFssimultaneously to create an even playing field for investors.

Grayscale is one of more than 10 companies trying to get a spot bitcoin ETF debuted.

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Crypto Market Surges Ahead of Bitcoin ETF Decision - PYMNTS.com

In the ever evolving landscape of finance and business, the emergence of cryptocurrencies has disrupted traditional paradigms, offering new opportunities and challenges for entrepreneurs and enterprises alike.

This article explores the profound impact of digital currencies on the financial landscape, shedding light on their implications for businesses around the world. How crypto makes it easy to buy business abroad and other things that was difficult before.

Cryptocurrencies, such as Bitcoin, Ethereum, and Ripple, have gained significant traction as decentralised forms of digital currency.

Enabled by blockchain technology, these currencies operate on a peer-to-peer network, providing transparency, security, and efficiency in financial transactions.

The keyword "buy business abroad" has gained relevance in the context of global business transactions.

Cryptocurrencies facilitate cross-border payments with reduced fees and faster processing times compared to traditional banking systems.

This is particularly advantageous for businesses involved in international trade, allowing for seamless transactions without the complexities of currency conversions.

One of the key advantages for businesses, especially those considering the option to "buy business abroad," is the significant reduction in transaction costs. Cryptocurrencies eliminate intermediary fees associated with traditional banking, making international transactions more cost-effective.

Blockchain, the underlying technology of cryptocurrencies, ensures a secure and transparent ledger of transactions. This not only reduces the risk of fraud but also enhances the overall trustworthiness of financial interactions. For businesses aiming to register company in Hungary, the transparency offered by cryptocurrencies can streamline regulatory compliance.

Cryptocurrencies open avenues for financial inclusion by providing access to banking services for the unbanked populations globally. Moreover, businesses seeking to "register company in Hungary" can explore cryptocurrency fundraising methods, such as Initial Coin Offerings (ICOs), to access capital without traditional financing constraints.

While cryptocurrencies offer numerous benefits, their inherent volatility poses challenges for businesses.

The fluctuating value of digital currencies can impact the financial stability of enterprises, necessitating robust risk management strategies for those considering the option to "buy business abroad."

The regulatory environment surrounding cryptocurrencies is still evolving. Businesses looking to "register company in Hungary" or any other location must stay abreast of regulatory developments to ensure compliance and mitigate legal risks associated with the use of digital currencies.

Major corporations are increasingly integrating cryptocurrencies into their operations. Tesla's acceptance of Bitcoin as a payment method for vehicles and Square's investment in Bitcoin are indicative of the growing acceptance of digital currencies in mainstream business.

In the startup landscape, companies are leveraging blockchain technology to enhance efficiency. From supply chain management to identity verification, blockchain applications are revolutionizing traditional business processes.

As the financial landscape continues to evolve, the role of cryptocurrencies in business is expected to expand.

Businesses eyeing opportunities to buy business abroad or register company in Hungary should carefully assess the risks and rewards, staying informed about technological advancements and regulatory changes.

In conclusion, the impact of cryptocurrencies on the financial landscape is multifaceted, offering both opportunities and challenges for businesses worldwide.

As businesses navigate this dynamic landscape, a proactive and informed approach will be crucial in harnessing the full potential of cryptocurrencies for sustainable growth and innovation.

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Cryptocurrency in business: understanding impact of digital currencies on the financial landscape Retail Technology ... - Retail Technology...

Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

The cryptocurrency market has drastically expanded since the inception of Bitcoin (BTC) in 2009, now encompassing a vast array of digital assets with different uses, from acting as digital cash to powering decentralized applications (DApps) on blockchain technology. Cryptocurrencies offer fast, secure, and private transactions and are easily tradable on exchange platforms.

Bitcoin remains the most prominent and valuable cryptocurrency, widely accepted for various transactions and holding the largest market cap. Ethereum (ETH), on the other hand, is a platform for creating smart contracts and DApps, with its own currency, Ether, being used to power these applications.

Other popular altcoins include Litecoin (LTC), offering faster transaction times; Ripple (XRP), known for its ability to handle large-scale enterprise transactions; and ZCash (ZEC), which emphasizes transaction privacy. Bitcoin Cash (BCH) arose from a hard fork of Bitcoin to address scalability issues.

Monero (XMR) is another privacy-focused cryptocurrency, using ring signatures to conceal transaction details. Stellar Lumens (XLM) facilitates quick international transfers between financial institutions, while NEO and Cardano (ADA) are platforms for smart contracts and DApps, with ADA having a strong scientific foundation. These popular cryptocurrencies are typically the most traded and may be considered for inclusion in a digital asset portfolio.

The cryptocurrency market has evolved from just a couple of famous crypto assets like Bitcoin (BTC) and Ethereum (ETH) to a multi-billion dollar market cap with thousands of digital assets. Today, cryptocurrencies are used both as digital cash, a store of value method and as a means for developing digital ecosystems with decentralized applications and smart contracts that use blockchain technology.

Theres great appeal to cryptocurrency, which has inspired developers to create their own. Digital currency overcomes all of the limitations of fiat currencies such as USD or EUR. They use blockchain technology that enables fast, secure, and relatively anonymous transactions between people.

These cryptos are then convertible on crypto exchange platforms into thousands of other crypto assets or fiat currencies. All cryptocurrency transfers and conversions are available in just a couple of clicks, as opposed to bank transfers and money exchanges that can last far longer.

So, since the appearance of BTC in 2009, developer teams all over the world have realized the potential of cryptocurrencies and come up with thousands of coins and tokens that can be used for different types of transactions or as developer tools.

Lets take a look at some of the most popular cryptocurrencies and learn some basic information about them.

Every list of the most popular cryptocurrencies has to begin with Bitcoin, the first and most traded digital asset that holds the highest market capitalization. Since the launch of the BTC blockchain in 2009 by Satoshi Nakamoto, the currency has reached major market popularity, creating a real crypto craze among both crypto enthusiasts and ordinary people who started developing an interest in investing in Bitcoin.

Numerous pay services and companies accept payments in Bitcoin today, and it seems that the coin is only growing both in popularity and value. Although it started off as a form of digital cash, its now used for all sorts of financial transactions.

The BTC blockchain is the first crypto blockchain on the web, and its advanced network software has been an inspiration for scores of new cryptocurrencies. The fact that big-time investors are investing large sums of money in BTC just shows that the leader of the crypto market definitely has a bright future.

Apart from Bitcoin, there are thousands of other cryptocurrencies, popularly called altcoins, since BTC is the original crypto coin. Sure, you can use all of these cryptos simply as digital money, for buying products and paying for services, but they are actually much more.

In other words, different digital currencies are developed for various purposes, or with different utilities in mind. This is why its worth exploring different cryptocurrencies, to see how you can benefit from investing in different assets and what you can actually do with them.

Below are some of the most popular altcoins today.

Ethereum (ETH) is one of the most popular altcoins, whose popularity rivals that of Bitcoin, but the two cryptos arent really competitors because they have different functionalities and complement each other.

It is a decentralized web platform which enables users to create smart contracts and decentralized applications (DApps) that can be used independently of any third party or central authority. The aim of the Ethereum platform and blockchain is to enable the creation of a fully decentralized portfolio of financial services and products that can be freely used by anyone in the world.

Basically, Ethereum enables the creation of web platforms, services, and applications powered by its crypto token Ether (ETH). ETH is very popular among developer teams and startups, since it enables the creation of all sorts of web apps. Some of the great DApp examples based on Ethereum are Uniswap, a crypto swapping service, Pool Together, a no-loss lottery system, and Foundation, a popular platform for investing in culture.

When developers use the Ethereum blockchain to develop their platforms and apps, they use ETH to power the structural processes while developing their software. Nowadays, ETH has evolved into a very profitable cryptocurrency exactly because it can provide people with much more than just electronic cash services. There are also several famous ETH forks, such as Ethereum Classic.

Litecoin was launched in 2011, which is just two years after the introduction of Bitcoin as the first crypto in 2009. LTC was developed by a former Google employee named Charlie Lee.

The LTC blockchain is based on open-source technology within a decentralized global payment network without the control of any single institution, company, or individual. This characteristic makes Litecoin a highly democratic solution for payments and money transfers since no central bank or state institution controls the network.

LTC uses a specialized software scrypt as a proof-of-work method to make sure there are no double-spending or fraudulent transactions. This scrypt can work with the computing power of usual user CPUs.

LTC is very similar to BTC in its basics and ways of functioning, but its blockchain generates new blocks far faster by comparison. Thus, it offers a quicker transaction process with less time required for transfer validations. Litecoin is a very fast and easy-to-use currency if you are looking for a quick payment or transfer method to move money quickly.

Ripple is a popular cryptocurrency that doesnt have a blockchain but has a distributed consensus ledger with a network of servers that act as validation points for transactions instead. Ripple is a great crypto for enterprise transactions between companies and corporations that want to move multimillion-dollar sums internationally without all the hassle of bank transfers and paperwork.

XRP is best known for its digital payment protocol that allows the transfer of money regardless of currency. The Ripple network can process up to 1,500 money transfers per second, which is an enormous amount compared to other cryptos such as BTC and ETH. This is why Ripple is a top choice for moving large amounts of money around the globe.

ZCash is one of the popular altcoins that was built based on Bitcoins original software code. This currency was developed by a team of experienced scientists from top institutions such as the John Hopkins Institute.

The main characteristic of ZCash that makes a difference compared to numerous other altcoins is its focus on transaction privacy. People who choose to send funds in the form of ZCash know that the identity of the sender and receiver wont be revealed.

Also, the amount of ZCash you send is kept private, so not even the sum of a transfer is disclosed to any third party.

BCH is one of the most successful altcoins that started out as a hard fork of the original BTC blockchain. Forks are processes that happen within the community of a certain cryptocurrency when different developers or parts of the community want to take that currency in a different direction.

If a large enough part of the community wants to initiate and include some changes in a certain coins technology and properties, and the other part of the community disagrees and wants things to stay the way they are, then a fork happens. Forks result in the creation of new cryptocurrencies that are based on the same blockchain as the original crypto, but with different features than the first coin.

In 2017, Bitcoin Cash appeared as a result of a hard fork within the Bitcoin network, mainly because of a disagreement regarding the scalability of Bitcoin. The size of a block of the BTC blockchain is 1MB, and a part of the community wanted to increase this size so that each block can accommodate a larger number of transactions. This is the main reason the split happened.

The BCH blockchain has an increased capacity of 8MB which enables far more transaction data to be processed through the blockchain.

Monero was launched in 2014, and it is a great example of a popular cryptocurrency that is focused on user privacy and security. The developer team behind XMR is made up of cryptography enthusiasts that value privacy on the web above all, which is why they decided to create an untraceable currency that avoids all scrutiny by financial institutions and government agencies.

Monero uses ring signatures in order to absolutely preserve the privacy of both senders and receivers. A group of crypto signatures appear on the network for a certain transfer, and all of these signatures look like they are valid, but actually, only one of them is real.

Thus, anyone who would like to find the original signature would reach a dead end since the real signature cant be isolated. This technique provides complete privacy for anyone whos made a Monero transaction.

Unfortunately, exactly because of these highly secure features, Monero has been linked to individuals engaging in criminal activities and illegal transactions, but we shouldnt judge a cryptocurrency based on its abuses.

Stellar Lumens are the currency of the open-source Stellar platform and its blockchain which was specifically created to provide companies with quick and easy solutions for large money transfers. Stellar connects financial institutions around the world, providing businesses with an ideal method for fast and reliable international money transfers.

Traditionally, large bank transfers usually take days or sometimes weeks and involve several intermediary banks in order to process large sums. All of this is followed by extensive paperwork and bureaucratic procedures which can cost a lot of money because of all the transaction fees involved.

Stellar Lumens eliminate all of this, providing enterprises with a trustworthy, high-quality international transfer method that enables international transactions between any currency. It was developed by Jed McCaleb, one of the founders of Ripple.

NEO is one of the main Ethereum competitor platforms, and it comes from China. It was developed by crypto enthusiast Erik Zhang with the aim of becoming a global digital ecosystem that enables smart contracts, DApps, and facilitates the easy transaction of funds.

NEO aims to enable users to conduct all sorts of smart contracts and agreements without the need for a third party as an intermediary in business deals. All the details of smart contracts are left to the parties involved, and no one else can interfere in their agreements.

The cool thing with NEO is that it can be integrated with various programming languages, while users first have to learn the programming languages native to Ethereum in order to conduct smart contracts and create DApps based on the ETH blockchain.

Cardano (ADA) was founded by a group of developers, including Charles Hoskinson, one of the people who initiated the Ethereum project. Hoskinson disagreed with the other members of the Ethereum developer team because he wanted to turn ETH into a for-profit venture. In contrast, others wanted to keep the non-profit open-source structure.

Subsequently, he left to help launch Cardano with a team of mathematicians and engineers. They created a blockchain after extensive research that involved over 90 scientific papers regarding blockchain technology. So basically, Cardano has a serious scientific background in terms of sustainability.

There is literally no other crypto that is the fruit of such extensive scientific research, and this makes ADA stand out from other proof-of-stake cryptocurrencies. It is predicted that the Cardano blockchain will possibly be capable of even more development processes and smart contract capabilities than ETH, and this is why some crypto enthusiasts call it the Ethereum killer. Keep in mind that this is a long shot, since ADA is still in the early stages of its development.

The final aim of ADA is to become one of the main global financial operating systems that work on a decentralized blockchain with no central authority, similar to Ethereum, but with a broader portfolio of services and capabilities.

The cryptocurrency market offers thousands of different coins and tokens for various uses. Most cryptos dont achieve widespread popularity, but those that do usually require time to get accepted by the community and to be used widely.

This post includes some of the most popular and most traded cryptos on the market that you might want to include in your digital asset portfolio.

Anatol Antonovici, a seasoned financial writer and cryptocurrency journalist, offers a unique blend of traditional market knowledge and crypto expertise.

His diverse educational background and passion for areas like classical music and quantum physics add depth to his insightful analysis of the financial world, from cryptocurrencies to equities and commodities.

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What Are the Different Types of Cryptocurrency? - Crypto Head

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

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Cryptocurrencies have emerged as both a buzzword and a tantalizing avenue for investment. The digital realm of blockchain technology brings forth a myriad of opportunities, but its not without its complexities and risks. So, lets dive into the intriguing world of cryptocurrency investment, exploring strategies, recommended assets, and the elusive timeline of returns.

Imagine youre embarking on a journey into the digital financial frontier. As you traverse this landscape, you encounter different investment avenues, each with its unique set of challenges and promises. From buying and holding to day trading, the strategies are as diverse as the cryptocurrencies themselves.

One strategy gaining traction is the Hodl approach. Derived from a misspelled word in a Bitcoin forum, Hodl embodies the idea of holding onto your investments through market volatility rather than succumbing to knee-jerk reactions. Its about weathering the storms and betting on the long-term potential of a cryptocurrency. Picture investing in Bitcoin or Ethereum and patiently waiting for them to blossom into digital powerhouses.

Conversely, theres the world of day trading a thrilling venture where quick decisions can translate into swift profits or losses. Imagine a scenario where you meticulously analyze market trends, study candlestick charts, and execute trades within a single day. Its a game of precision, intuition, and, more often than not, a rollercoaster of emotions.

Now, lets ponder the selection of cryptocurrencies. Bitcoin, often hailed as digital gold, sits atop the throne, a stalwart in the volatile crypto kingdom. Ethereum, with its smart contract capabilities, is another heavyweight contender. Ripple, Litecoin, and Cardano bring their unique flavors to the mix. The trick is understanding the strengths, weaknesses, and potential growth trajectories of each.

As for the timeline of returns, the cryptocurrency market dances to its rhythm. Consider a scenario where you invest in a promising altcoin. The market dynamics can swing wildly, and patience becomes both a virtue and a

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Why Cryptocurrency Strategies Might Not Work Anymore | by Top Boss | Dec, 2023 - Medium

Three allied political action committees funded by leaders of the cryptocurrency industry will be starting 2024 with a combined $78 million as they aim to be key influencers during the pivotal election cycle, the groups announced Monday.

The massive amount of cash that the PACs are prepared to use in support of likely pro-crypto candidates running for seats in both the House and Senate shows how the cryptocurrency industry is still trying to influence elections despite some recent headwinds. All three committees are known as super PACs, which means they can raise and spend unlimited amounts of money in support of their preferred candidates.

The industry lost one of its top givers, former crypto king Sam Bankman-Fried, after he was arrested and later convicted of seven criminal counts. Bankman-Fried ended up donating more than $36 million to campaigns and PACs during the 2022 midterm election cycle, with prosecutors alleging some of that money was from his customers.

The three super PACs Fairshake, Protect Progress and Defend American Jobs will have a combined $78 million in their campaign war chests starting next year after recently raising as much, according to the network's release.

Since officially launching earlier this year, Fairshake has seen donations from more than 20 wealthy and influential players in the crypto space, according to the group.

Andreessen Horowitz, a crypto-friendly venture capital firm; crypto exchange platform Coinbase; veteran venture capitalist Ron Conway; venture capital executive Fred Wilson; tech executives Cameron and Tyler Winklevoss; and Ripple, a crypto solutions business, have all donated to Fairshake so far this year, according to the super PAC.

Ben Horowitz, the co-founder of Andreessen Horowitz, recently announced the firm plans to "support like-minded candidates and oppose candidates who aim to kill America's advanced technological future" through their political donations. Brian Armstrong, CEO of Coinbase, recently said at a conference that he had donated $1 million to Fairshake.

Though it's unclear who the committees plan to back next year, Federal Election Commission records show the Fairshake super PAC has already spent more than $1 million in television advertisement backing a select group of lawmakers, with some having a history of supporting the crypto industry.

Some of that spending has gone in support of House Financial Services Chairman Patrick McHenry, R-N.C., who has been a crypto ally and recently announced he will not seek reelection.

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Crypto super PAC network goes into 2024 with more than $75 million as it aims to influence election - CNBC

Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Over the past 24 hours, Ethereum Classic's (CRYPTO: ETC) price has risen 6.77% to $21.84. This continues its positive trend over the past week where it has experienced a 8.0% gain, moving from $20.27 to its current price. As it stands right now, the coin's all-time high is $167.09.

The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Ethereum Classic's trading volume has climbed 217.0% over the past week along with the circulating supply of the coin, which has increased 0.06%. This brings the circulating supply to 143.20 million, which makes up an estimated 67.96% of its max supply of 210.70 million. According to our data, the current market cap ranking for ETC is #31 at $3.13 billion.

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2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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