USA | ForkLog - Part 47

ForkLog 62 06.11.2024

Donald Trump Becomes 47th President of the United States: Implications for the Crypto Industry

Donald Trump defeated Kamala Harris in the US presidential election. He promised to become the “crypto president” and make the US the “crypto capital of the planet,” as well as to free Ross Ulbricht, dismiss Gary Gensler, among other pledges. Bitcoin reached a new all-time high. PolitiFi tokens surged and then crashed, while coins parodying […]

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ForkLog 22 05.11.2024

Bitcoin Tests $70,000 Amid US Election Volatility

As the US presidential elections commenced, volatility surged significantly, as experts had predicted. The price of digital gold unexpectedly tested the $70,000 level before experiencing a slight correction.

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ForkLog 21 05.11.2024

Polymarket Users Wager Millions on Trump and Harris Victories

As the U.S. presidential election approaches, bets on the prediction platform Polymarket for various candidates have surged significantly. One user has wagered over $15 million on Donald Trump’s victory, with a potential payout of $24.7 million. This guy bet $15 million on Trump. Will he come out ahead? pic.twitter.com/DlzTcnQ1kP — Polymarket (@Polymarket) November 4, 2024 […]

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ForkLog 10 04.11.2024

Bernstein Predicts Bitcoin’s Trajectory Post-Trump or Harris Victory

Should Donald Trump be elected President of the United States, the leading cryptocurrency is expected to surpass its ATH and reach $80,000-$90,000, while a Kamala Harris victory could see it fall to $50,000. This forecast was made by Bernstein analysts, as reported by The Block. If the outcome is favourable for Bitcoin, the asset could […]

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ForkLog 21 04.11.2024

How traders are hedging Trump — and why bitcoin doesn’t care who wins

While Donald Trump’s team has been crafting the image of a “future crypto president”, a very different game has been playing out—one most voters and crypto users scarcely notice. Oleg Cash Coin explains for ForkLog a subtle link between America’s electoral cycle and digital-asset markets. Follow the money Prediction markets have heated up in recent […]

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ForkLog 53 01.11.2024

NFT Creators Found Guilty of Rug Pull Scheme

Two U.S. citizens have been found guilty of conducting a rug pull following the successful launch of NFT collections, according to a press release from the Department of Justice. Twenty-one-year-old Berman Jerry Nowlin Jr. and 25-year-old Devin Alan Roden created two NFT collections on the Solana blockchain: UndeadApes and Undead Lady Apes. NFT collections UndeadApes […]

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ForkLog 17 01.11.2024

Florida Reports $800 Million in Cryptocurrency Reserves

Florida, USA, holds cryptocurrency-related assets valued at $800 million. This was stated by the state’s Chief Financial Officer and Fire Marshal, Jimmy Patronis, in an interview with CNBC. He noted that he would not be surprised to see these assets grow if Donald Trump wins the upcoming US presidential election. Florida is not the first […]

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ForkLog 16 01.11.2024

US Justice Department Charges Gotbit Founder with Fraud

The Massachusetts Attorney’s Office has charged Alexey Andryunin, founder and CEO of market maker Gotbit, with fraud and conspiracy to manipulate the cryptocurrency market. Founder of cryptocurrency financial services firm “Gotbit” indicted for market manipulation and fraud conspiracy. Allegedly made tens of millions of dollars in proceeds for fraudulent “wash trading” services. ?https://t.co/d0ofGJkACz — U.S. […]

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ForkLog 10 31.10.2024

Bitcoin Volatility Predicted Amid US Election by Standard Chartered Expert

In the days leading up to the US elections, the price of Bitcoin may decline, followed by increased price volatility. This opinion was expressed by Standard Chartered researcher Jeff Kendrick. Despite testing levels around $73,500, the leading cryptocurrency has yet to surpass the record high set in March above $73,700. Kendrick believes that pre-election volatility […]

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ForkLog 47 31.10.2024

US Treasury Reports Increased Demand for Bonds Driven by Stablecoins

The rise of stablecoins has led to increased demand for short-term US Treasury bonds, according to a report from the Treasury Department. The department estimates that stablecoin issuers have invested $120 billion in debt securities. “Stablecoins play an integral role as intermediaries in transactions on digital asset markets. More than 80% of all cryptocurrency operations […]

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ForkLog 8 30.10.2024

Florida Considers Bitcoin for Pension Funds

Florida’s Chief Financial Officer and Fire Marshal, Jimmy Patronis, has requested the state’s pension fund management agency to explore the possibility of investing in cryptocurrencies. There’s no telling what the future of #cryptocurrency will be, but FL must stay ahead of the curve on getting the best returns for Floridians. Today, I sent a letter […]

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ForkLog 14 29.10.2024

Bitcoin Faces Potential Correction Post-US Elections, Analysts Warn

The price of the leading cryptocurrency may see a significant increase ahead of the US presidential elections. However, according to several experts, a correction is likely in the days following November 5, reports The Block.

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