As of 12 p.m. Eastern on U.S. election day, bitcoin (BTC) remains steady above $70,000, currently priced at $70,283 per coin, reflecting a 3.8% increase over the past 24 hours. Despite Tuesday’s gains, bitcoin shows a 3.1% decrease across the past week. Presently, BTC trades constitute $50.19 billion out of the global trading volume, which […] Original
The project, completed as part of the Monetary Authority of Singapore’s (MAS) Project Guardian, showcased how Swift’s infrastructure can facilitate off-chain cash settlements for tokenized funds. It also demonstrates how tokenization and blockchain can work to improve, not replace, Swift, which connects over 11,500 financial institutions in more than 200 countries. Source
On the crypto front, there exist several paths for legislation at the moment. They largely depend on the outcome of the election — which, it’s worth pointing out, we may not know immediately. If one party wins the White House, House and Senate (they take office in January), we likely won’t see any further progress toward crypto legislation this year, said Representative Tom Emmer, a Republican and current majority whip. That’s because if a single party is poised for that trifecta, lawmakers can just wait a few months to craft…
Popular crypto poker site CoinPoker is known for its frequent promotions and tournament series (such as its flagship CSOP event, the Crypto Series of Poker) and November is no exception. Starting next Sunday the decentralized poker platform is launching a ‘Meme Millions’ series, running from Nov 17 – 24 with a $1,000,000 GTD prize pool […] Source CryptoX Portal
Este artículo también está disponible en español. After enjoying a mini price run in the last week of October, Bitcoin’s price has corrected below $68k to start the first week of November. While this is normal price action for Bitcoin, this trend also impacts the crypto industry, particularly altcoins. Historical patterns suggest that altcoins’ performance highly depends on Bitcoin’s price action. BTC’s market dominance has hit 60%, affecting altcoin market performance and restricting its price rallies. Related Reading A crypto analyst, Benjamin Cowen, expects that altcoins will face a steep decline,…
Recently roughed-up bitcoin miners like Marathon Digital (MARA), Riot Platforms (RIOT) and Hut 8 (HUT) were sporting gains in the 3%-5% range. Crypto exchange Coinbase (COIN) was higher by 3%, though remains lower by about 10% over the past few sessions following a disappointing third quarter earnings report. Source
Bitcoin network scaling solution exSat Network has launched staking services just under two weeks after its mainnet launch. Singapore-based scaling startup exSat Network is launching staking services for Bitcoin (BTC) holders, aiming to create “new financial opportunities.” In a Nov. 5 press release shared with crypto.news, the exSat Network team stated that the new solution, accessible via the exSat bridge, offers yield potential through staking. In exchange for staked BTC, users will receive XSAT, the native token of the exSat ecosystem, which is expected to be traded on multiple exchanges…
There are, however, more established election-related memecoins including MAGA and the Kamala Harris-themed KAMA. Trading volume for MAGA, which launched in August 2023, has surged by 27% in 24 hours, taking its market cap above $150 million. KAMA rose by 150% on Nov. 1. It has since tumbled by 50% to an $11 million market cap. Source
The report said MicroStrategy is also “tied to its bitcoin holdings,” adding that there is a risk that if the company chooses to sell some of its bitcoin pile, its valuation premium could disappear. However, Michael Saylor said previously that he is not interested in selling his company’s bitcoin holding, saying, “Bitcoin is the exit strategy.” Original
Este artículo también está disponible en español. Solana is trading above a critical demand level of around $157, showing signs of a potential bounce after a recent pullback. This critical level has held firm despite market volatility, and now all eyes are on Solana as it attempts to regain bullish momentum. With the U.S. election unfolding and the Federal Reserve’s interest rate decision just around the corner, this week promises to bring heightened volatility across the crypto market. Related Reading Top analyst and investor Carl Runefelt has shared a technical…