Tag: Debate

Crypto prediction markets turn against Trump after first debate

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The first debate of the 2020 U.S. presidential election had no clear winner, but crypto-powered prediction platforms are having a field day.  Election futures on crypto derivatives exchange FTX boomed, with the platform’s CEO reporting more than $4 million in open interest trying to pick the winner between Democrat Joe Biden, and Republican Donald Trump. On FTX, Trump’s brash debate performance got a big thumbs down and drove a 10% crash in the price of futures contracts backing his re-election. Price of TRUMP futures on FTX: FTX Volumes on FTX…

Why Post Debate Stock Market Performance Could Be Bad For Bitcoin

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Last night, current United States President Donald J. Trump faced off against former Vice President and challenger Joe Biden in the first of three debates. Data shows, that following each debate, things have turned bad for the stock market, which could, in turn, mean even worse for Bitcoin. Here’s why the stock market tumbling due to debates demoralizing investors could also spell bad news for the leading cryptocurrency by market cap. Why The Debate Could Have a Bearish Impact On Bitcoin Last night, the two top Presidential candidates went head-to-head…

Dow Rallies as Investors Look Ahead to First Trump-Biden Debate

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The Dow Jones rallied 200 points on Friday. Boeing led the way in the Dow 30, as the tech sector also continues to rally. Investors are now looking ahead to the first presidential debate next week. The Dow Jones rose on Friday, as investors turned their attention to the first presidential debate between Donald Trump and Joe Biden. Dow Jones Rallies for a Second Straight Day A soft start to the day reversed, as all three major U.S. stock market indexes rallied on Friday. The Nasdaq led with a 1.5%…

DeFi meme coins spark debate over their intentions

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In recent weeks, talk of hotdogs, sushi and yams has infiltrated the crypto industry. Such references, however, are not as they seem and actually relate to assets in the decentralized finance sector of crypto. Over the course of 2020, DeFi has seen bubble-esque speculatory levels based on projects that may or may not hold long-term promise or stability. Opinions on the new hype surrounding food-themed tokens vary. “It’s just a fad,” Tone Vays, a YouTube content creator and derivatives trader, told Cointelegraph, adding: “They’re all literally Ponzi schemes.” Meanwhile, Philip…

Bitcoin Cash Difficulty Algorithm Debate Heats Up With Fears of Another Chain Split

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With a touch more than three months left until the next Bitcoin Cash upgrade, crypto proponents have been witnessing a new quarrel rise after last year’s contentious Infrastructure Funding Proposal (IFP). This time around, the tensions derive from the Difficulty Algorithm Adjustment (DAA) discussion which is a conversation about replacing the network’s current DAA. Every six months the BCH community plans for an upgrade and this coming November, a number of users are concerned about another chain split. There is a lot of infighting within the community at present and…

Top Traders Debate Future of BTC After Bitcoin Price Drops to $8.6K

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The price of Bitcoin (BTC) suddenly dropped from $10,000 to $8,600 on BitMEX as nearly $140 million worth of long contracts were liquidated. The pullback came merely 16 hours after BTC surged to $10,473, testing the dreaded $10,500 resistance level. Bitcoin typically sees a heightened level of volatility when it approaches key dates. Crucial periods in the cryptocurrency market include CME futures expirations and the closure of a weekly or monthly candle. The 14% price plunge, which happened within merely five minutes, occurred without any futures or options expiration dates…

Salesforce Exec Sparks Community Debate

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The question of whether enterprises should use public or private blockchains for business has become extremely relevant today. A recent report from Fortune Business Insights predicted that the blockchain market will reach $21 billion by 2025, highlighting the fact that large companies are adding momentum to the market through new investments.  Unsurprisingly, as more players enter the blockchain arena, information regarding the best blockchain solutions for enterprises is coming up for debate. For instance, during the online Consensus: Distributed Conference, Adam Caplan, the senior vice president of emerging technology at…

Debate Over Digital Privacy Amid Pandemic Remains ‘Archaic,’ Says Algorand Founder

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With some countries beginning to lift lockdown restrictions amid the coronavirus pandemic, many are focusing attention on the technological tools that can help public authorities to comply with the World Health Organization’s guidance for COVID-19 suppression —- “test, trace, isolate.”  This mantra has become all the more resonant in light of the apparent failure of multiple states to implement contact-tracing measures successfully early on in the crisis.  Amid the belated scramble to develop solutions that can safely enable the resumption of some aspects of social and economic life, the debate…

Bitcoin Cash IFP Debate: ABC Kicks Off Fundraiser, 3 Mining Pools Signal BCHN Support

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During the first week of March, there were prominent discussions concerning the recently announced infrastructure funding proposal (IFP). However, a number of crypto participants are focused on the market carnage and the possibility of a global recession. After the new full node project published plans for the upcoming upgrade, Btc.top founder Jiang Zhuoer revealed his hashrate would vote against the proposal. Two days later, the full node project Bitcoin ABC announced intentions to raise funds in order to sustain operations for one year. Currently, the Bitcoin Cash Node project has…