The cryptocurrency market is rallying in anticipation that Republican candidate Donald Trump will win the US presidential elections as his lead continues to expand. While that’s good news for the bulls, many short traders have been wrecked, with the single-largest being a whopping $75 million liquidation on Binance. Bitcoin/Price/Chart 06.11..2024. Source: TradingView CryptoPotato has reported […]
Bitcoin prices have made a new peak price of $75,000 during early Asian trading on Wednesday, Nov, 6, according to Tradingview measuring prices on Binance. The price pump followed a 9% gain on the day as the US election votes were counted, and Donald Trump extended his lead over Kamala Harris at the time of […]
November 5 is finally here, and all eyes are on the United States as the country elects its next president – whether it will continue with its Democratic views as it did during the past four years or it will go back to the previous cycle when Republican candidate Donald Trump was in charge. As […]
British pension firm Cartwright has advised the allocation of 3% BTC to an unnamed pension fund, which has invested directly in the asset rather than via an exchange-traded fund. The company is now urging institutional investors to allocate assets into Bitcoin, according to a Nov. 4 report from industry magazine Corporate Advisor. As a percentage, […]
The FTX collapse of November 2022 continues to serve as a stark reminder of the necessity for rigorous asset monitoring. This event catalyzed a shift toward transparency, with crypto exchanges now disclosing more about their reserves and user fund management. As November 6th marks two years since the collapse, only Bitfinex and Binance witnessed their […]
Venture capital firm Sequoia Capital stands to make approximately $100 million following Stripe’s $1.1 billion purchase of Bridge. The substantial return is particularly notable in the crypto sector, where venture funding has significantly declined since its peak in 2022. Other Investors Also Set for Major Returns According to reports from Bloomberg, Sequoia invested $19 million […]
Bitcoin mining firm Riot recorded $84.8 million in revenue in the third quarter of 2024, representing a 65% increase over the same quarter in 2023. This growth can be attributed to the 159% year-over-year increase in deployed hash rate which reached 28 EH/s by the end of the quarter. Riot’s Q3 Financial Results According to […]
There will be a new president in the White House this week, and the victor will have a huge impact on the crypto landscape in the United States over the next few years. “Regardless of who wins, we should see elevated volatility in the coming days,” commented the Kobeissi Letter. Meanwhile, industry experts and analysts […]
The growing tokenized funds sector could see its value reach $600 billion in the next six years, according to a whitepaper jointly released by Boston Consulting Group (BCG), Aptos Labs, and Invesco. Currently, the tokenized assets market, representing tangible resources such as real estate, art, and traditional securities on a blockchain, boasts more than $2 […]
The US presidential elections are just around the corner, with the world’s largest economic force anticipated to choose between continuing with a similar path as the past four years or changing its course completely if they go with Republican candidate Donald Trump. While the economic consequences will impact millions and millions of people, the crypto […]