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The post Rippleâs Brad Garlinghouse Backs Co-Founderâs $10 Million Support for Kamala Harris: âVoters Care About XRPâ appeared first on Coinpedia Fintech News Chris Larsen, co-founder of Ripple and a prominent figure in Silicon Valley, is making headlines for pledging $10 million to support Kamala Harrisâs campaign. Taking to his X handle, Chris wrote, âItâs time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris will ensure that American technology dominates the world, which is why Iâm donating $10M in XRP in support of her.â In response, Ripple CEO Brad Garlinghouse expressed respect for Larsenâs choice, stating, âI respect Chrisâ (and everyoneâs!) right to support whomever they think is best to lead the U.S.â He stressed the need for a shift away from what he sees as the administrationâs misguided approach to crypto. Garlinghouse opened up about Rippleâs commitment to engaging with both Democrats and Republicans to promote pro-crypto policies. âItâs not about party lines; itâs about championing policies that drive blockchain and crypto innovation,â he said. I respect Chrisâ (and everyoneâs!) right to support whomever they think is best to lead the U.S. We need to immediately change course from this administrationâs misguided war on crypto. Ripple will continue to engage with both Democrats and Republicans in the final days ofâŠâ Brad Garlinghouse (@bgarlinghouse) October 21, 2024 Larsenâs significant contributions include three donations totaling nearly $10 million to Future Forward, a Super PAC backing Harris, made in September. This follows an earlier donation of $1 million in XRP to the same PAC in August. In total, Larsen has contributed over $11.8 million to PACs supporting Harrisâs campaign, making him one of the largest individual donors from the crypto industry this election cycle. In an interesting twist, Rippleâs legal chief, Stuart Alderoty, recently donated $300,000 in XRP to a PAC supporting Donald Trump, known as Trump 47 PAC. Garlinghouse Reacts To Elon Musk Being Asked About XRP Elon Musk was asked if he sees the XRP Ledger being used by financial institutions in the future. He replied, âThis is definitely not an endorsement or a lack of endorsement for XRP, but I do think crypto, by its very nature, helps with individual freedom.â Garlinghouse wrote, âVoters care about crypto â they care about XRP â itâs not a niche issue. They want real policies that drive innovation and create jobs. Candidates that ignore crypto and blockchain risk a serious loss in support from a growing, informed voter base.â
Web3 security firm Scam Sniffer says a malicious crypto-draining link can appear for some Google users when they search for Sonyâs new blockchain.
The post ApeCoin Secures Key Liquidity From Wintermute; Can APE Price Rally Another 100%? appeared first on Coinpedia Fintech News The altcoin market, led by ApeCoin (APE), has been gaining bullish momentum following the recent Bitcoin (BTC) price pump towards the 2021 all-time high (ATH) above $69k. The web3 projects have been making impressive and strategic partnerships in the recent past to ensure sustainable growth shortly. ApeCoin, an ERC-20 utility token focused on the non-fungible tokens (NFT) space, has registered palpable returns in the past few days. According to the latest market data, APE price rallied over 100 percent in the past seven days to trade at about $1.48 on Tuesday, October 22, during the early European session. Major Factors Fueling ApeCoin Growth According to Arkham, today the official ApeCoin address has transferred 8.289 million APE to Wintermute OTC, worth more than $12 million. With the launch of ApeChain, the price of APE has risen sharply. https://t.co/NcDGIoDVGlâ Wu Blockchain (@WuBlockchain) October 22, 2024 The ApeCoin project has grown to a major NFT ecosystem in the recent past backed by Yuga Labs and other investors. The recent APE price rally is largely attributed to the networkâs growth and continued adoption by institutional investors and retail traders. Earlier this week, the ApeCoin project launched its mainnet blockchain dubbed Apechain to enhance NFT minting and trading ahead. The Apechain is meant to add utility to the APE token amid the anticipated altseason ahead. Meanwhile, on-chain data analysis provided by Arkham Intelligence shows that the official ApeCoin address has transferred 8.289 million APE, worth more than $12 million, to Wintermute OTC, a top-tier liquidity provider in the crypto space. Midterm Targets After an impressive performance in the past week, the mid-cap altcoin, with a fully diluted valuation of about $1.48 billion and a daily average traded volume of around $1.8 billion, is currently retesting a crucial falling logarithmic resistance level. From a technical analysis standpoint, APEâs price is well positioned to break out from the current resistance level, backed by a vibrant community of investors and developers. In case of a successful breakout, APE price will be aiming for $2.71, which coincides with the weekly 1.618 Fibonacci Extension. However, a rejection at the current resistance level will push the altcoin towards $1.24.
Exchanges will now have until the last week of November to meet new requirements.