Tag: Business

news-06112024-110647

Bitcoin Price Surges Over $75K Amid Trump’s Early Voting Domination

Bitcoin's price surged over $75,000 on various crypto exchanges in Asia as favorable election results for Republican Donald Trump began to come in. Trump's odds of winning the U.S. presidency on the Polymarket betting...
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Bitcoin Surges 10% Against Mexican Peso Amid ‘Trump Trade’ Boost; Gold Stable

Bitcoin has seen a significant surge against the Mexican Peso (MXN) due to the "Trump trade" boost. The Republican candidate, Donald Trump, has expressed his intention to impose tariffs on Mexico, leading to a...
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Solana Price Surges 17% and Surpasses BNB Chain Token Amid Renewed ETF Speculation by...

Solana's SOL token saw an impressive 17% price surge in just 24 hours, driven by the growing anticipation of a Solana ETF being approved. This optimism stems from the recent filings made by Cboe...
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Record Levels of Polymarket Open Interest Surged on Election Day

Polymarket experienced a surge in open interest to a record high of $463 million on Election Day as users bet on the race between former President Donald Trump and Vice President Kamala Harris. This...
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Risks of MicroStrategy’s $42B Bitcoin Acquisition Plan: CoinShares Analysis

MicroStrategy's recent announcement of their plan to acquire $42 billion more worth of bitcoin has garnered attention, but according to a report by CoinShares, there are risks associated with this ambitious strategy. The company's...
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Stablecoins: The Key to Global Trade Stability

Circle CEO Jeremy Allaire believes that stablecoins have the potential to revolutionize global trade and enhance efficiency in emerging markets. Speaking at the Hong Kong FinTech Week 2024, Allaire emphasized the role of stablecoins,...
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Crypto Venture Funding Reaches $860M in October, Surpassing 6-Month Record

Crypto venture funding soared to $860 million in October, marking the highest amount invested in over 6 months. The gaming sector experienced significant growth for the third consecutive month, with investments in blockchain gaming...
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Bitcoin Price Surges Above $70K on Election Day: Crypto and Stocks Rally

Bitcoin has seen a significant surge in price, crossing back above $70,000 on Election Day in the United States. This represents a 2.4% increase over the past 24 hours. The broader CoinDesk 20 Index...
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Why the 2020 U.S. Election is Significant for Cryptocurrency

Today is Election Day in the U.S. We are waiting to see who will win control of the House of Representatives, the Senate, and the White House. While Kamala Harris and Donald Trump are...
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Impact of U.S. Election on Crypto Market: TradFi Giants Unfazed

Global markets are on edge as traders keep a close eye on the U.S. election. One major question for the crypto industry is whether the results will influence traditional finance giants to either scale...