Author: CryptoHoppers
Bitcoin is soaring on optimism that President-elect Trump will follow through on his promise to support Bitcoin and the crypto industry at large. Republicans have won control of the Senate, with the House still up for grabs. And as the future balance of power comes into focus, Wyoming Republican Senator Cynthia Lummis is promising the US will hold BTC as a strategic reserve asset. On the campaign trail, Trump promised that under his administration, the US would stop selling seized Bitcoin on the open market, and instead strategically hold the asset as an investment. The President-elect also promised to fire…
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Key Takeaways US spot Bitcoin ETFs break a three-day losing streak with $622 million in net inflows on November 6. Despite BlackRock IBIT’s largest outflow day, several ETFs, including Fidelity and ARK, led gains with substantial inflows. Share this article US spot Bitcoin ETFs attracted approximately $622 million in net inflows on November 6, ending a three-day losing streak, despite BlackRock’s IBIT experiencing its largest single-day outflow since launch.According to data from Farside Investors, the world’s largest Bitcoin ETF recorded around $69 million in net outflows yesterday, while Valkyrie’s BRRR saw over $2 million in outflows.IBIT’s loss came as a…
Election prediction markets like Polymarket have long been a unique way to gauge public sentiment, providing real-time insights based on people’s willingness to put their money where their predictions are. As we saw with the recent election, platforms like Polymarket were instrumental for many observers wanting a pulse on the election as it unfolded. However, their performance wasn’t without limitations, showing the nuanced reality of prediction markets. Polymarket: Real-Time Proxies, Not Crystal Balls Polymarket’s allure lies in its dynamism. During the recent election, Polymarket offered real-time insights as vote counts rolled in, allowing users to follow shifts in sentiment almost…
A Minnesota man, Joshua Paul Armbrust, 44, has been indicted for a “cryptojacking” scheme that exploited his former employer’s computing resources to mine ether (ETH), causing over $45,000 in damages, according to the U.S. Attorney’s Office for the District of Minnesota. Armbrust, who resigned from his job at Digital River, allegedly accessed the company’s Amazon […] Source link
The vote counting process for US Elections 2024 has begun, and as Donald Trump is shown to be leading Kamala Harris in most of the swing states, Bitcoin crossed $71,000. Bitcoin(BTC) hitting the $70,000 mark came in after last week’s slight dip with price going as low as $67,090, on November 5, after exceeding $71,000 on 1st November. However, as counting began, signs of recovery kicked in. As a result, BTC is now trading at 71,431, after a surge of 5.15% in the past day. Courtesy: Coinmarketcap As for what could be the driving force behind the recovery, for starters,…
The Swell conference, Ripple’s annual gathering, has become a pivotal event in the blockchain industry, attracting industry leaders, regulators, and Ripple’s global partners. Held in Miami, Swell 2024 showcased the latest developments in digital finance, including themes around crypto regulation, stablecoins, and the integration of artificial intelligence in financial services. One of Swell’s hallmark traditions is the unveiling of Ripple’s product roadmap—a moment eagerly anticipated by attendees each year. This year’s roadmap presentation was led by Ripple’s President, Monica Long, and Senior Vice President of Product, Aaron Slettehaugh. Together, they highlighted Ripple’s expanding product suite and its commitment to bridging…
Key Takeaways Bitcoin reached a new all-time high of $74,978, surpassing its previous record. China’s fiscal stimulus and US election outcomes are influencing the crypto market. Share this article Bitcoin reached a new all-time high of $74,978 according to CoinGecko data, surpassing its previous record of $73,777, before settling at $74,518.Google search interest for Bitcoin stands at 21 out of 100, considerably lower than during the March 2021 bull market when interest peaked at 100 as Bitcoin reached $69,000 in November 2021.China’s proposed $1.4 trillion fiscal stimulus package, which includes 6 trillion yuan for local debt relief and 4 trillion…
ApeChain, the Ethereum layer-2 network by ApeCoin DAO, has quickly emerged as a forward-thinking platform that optimizes blockchain for the BAYC ecosystem and beyond. Building on Arbitrum’s technology and an innovative ecosystem blueprint, ApeChain emphasizes three main areas: Content, Tools, and Distribution. This approach aims to create a streamlined experience for developers and users, with features designed to elevate web3 interactions. ApeChain Core: Enhancing the Blockchain Experience ApeChain’s core plan focuses on user-centric growth, facilitating discovery, competition, and broad distribution. Discovery: ApeChain aims to make blockchain exploration easy with a comprehensive ecosystem website launching in September 2024. Partnering with…
The California Department of Financial Protection and Innovation (DFPI) issued a Desist and Refrain Order on Monday to Trage Technologies Ltd., also known as Trage Tech, for alleged violations of securities laws. The DFPI claims that Trage Tech, which operates out of the Marshall Islands and Panama, promoted “Crypto Arbitrage Investment Packages” without proper registration. […] Source link