Bitcoin

Swipe (SXP), up more than 30% today

Swipe (SXP) has been surging in 24-hour intraday trading today. The coin dropped to $1.01 in December. 37, the coin has rebounded sharply. At the time of writing, Swipe (SXP) was trading at around $2.06. This is nearly 52% up from its lows. Swipe (SXP), is also poised for a bullish uptrend. These are just…

The recent surge was caused by the news that Binance would acquire all remaining shares in the project.
Despite this, Swipe (SXP) was already rallying after consolidating around the $1.37.
The token is now well above its 20- and 50-day exponential moving averages, suggesting a bullish outlook.

Data Source: Tradingview.com

Swipe (SXP) – price action and analysis

After the Binance news,

Swipe received a lot of interest from investors. Although the price action showed a 30% increase in 24 hours, we also saw a huge uptick in trade volume. In fact, the 24-hour trading volume was up by nearly 1231% at the time of writing. This indicates that investors are looking to cash in on the bullish run by buying more.

Besides, SXP has now surged past its 20- and 50-day exponential moving averages. It is still however below the 100 and 200 EMAs which could pose some downside risk. The Binance news will buoy STX, but it will rally. The key is to break through its resistance at $2.9 in mid-November.

Why you should buy Swipe (SXP)

Swipe has been a good investment, as it is backed up by solid underlying fundamentals.

The entrance of Binance (a large-ticket investor and possibly one of the most trusted names in crypto) means that SXP has the potential to make better fortunes over the long term. This is the best time of year to invest in the project and keep the token.

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Report: Trump administration wants USAID to adopt blockchain technology

USAID will change its name to the US Agency for International Humanitarian Assistance (IHA) By using blockchain technology, it will “radically increase security, transparency, and traceability” The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February The Trump administration reportedly wants its…

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USAID will change its name to the US Agency for International Humanitarian Assistance (IHA)
By using blockchain technology, it will “radically increase security, transparency, and traceability”
The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February

The Trump administration reportedly wants its United States Agency for International Development (USAID) to “leverage blockchain technology” as it works on renaming the organization.

According to a report from WIRED, a government memo has been circulating among State Department officials detailing plans for USAID. In the 13-page document – first reported on by Politico – it states that as part of the revamp, USAID will change its name to US Agency for International Humanitarian Assistance (IHA).

The memo also suggests “leveraging blockchain technology” which will “radically increase security, transparency, and traceability.”

It adds: “This approach would encourage innovation and efficiency among implementing partners and allow for more flexible and responsive programming focused on tangible impact rather than simply completing activities and inputs.”

USAID staffers on leave

Since US President Donald Trump re-entered the White House, significant changes have been made to organizations in the US. One of which is USAID.

In early February, USAID staff were put on administrative leave “with the exception of designated personnel responsible for mission-critical functions,” according to a government notice.

Following the implementation of Elon Musk’s Department of Government Efficiency (DOGE), staff numbers at USAID have been cut from 10,000 to just under 300.

In a post on X in February, Musk wrote: “USAID is a criminal organization. Time for it to die.”

USAID is a criminal organization.

Time for it to die. https://t.co/sWYy6fyt1k

— Elon Musk (@elonmusk) February 2, 2025

Blockchain in humanitarian efforts

The use of blockchain in humanitarian efforts has been used before with many seeing the potential is can bring. In 2020, UNICEF invested around 135 Ethereum – about $30,000 at the time – into eight companies from seven developing countries to assist in developing prototypes and to scale their projects.

Financial services company AID:Tech turned to the payment rails of stablecoin issuer Circle to provide fraud-resistant disaster relief delivery in USDC in 2021. By doing so, they wanted to reduce inequality and increase opportunities by bringing accountability and transparency to the distribution of federal relief.

Realizing the benefits of blockchain technology, AID:Tech was the first company to use the technology to deliver international aid in 2015.