Financial Industry News
Bitcoin (BTC) rose for a second day, surging to a new all-time high price of $35,751, based on CoinDesk’s Bitcoin Price Index. The jump came as votes were tallied from Tuesday’s special U.S. Senate runoff elections in the state of Georgia, where Democrats appeared on the cusp of gaining two seats that would deliver President-elect […]
Continue ReadingAs media outlets waited to announce a winner until the Saturday following the election day, calls for how blockchains would have made this process easier emerged, most prominently perhaps by Changpeng Zhao, CEO of Binance, as well as Vitalik Buterin, who added that, though there are technical challenges, the call for a blockchain-based, mobile voting […]
Continue ReadingDecentralized predictions platform Polymarket has passed DeFi protocol SushiSwap to become the fourth-highest blockchain project in terms of fees generated. According to Cryptofees, the platform is averaging over $100,000 in daily takings and currently trails behind first-place Bitcoin, Ethereum (second) and DeFi protocol Uniswap (third). The rise is partly due to excitement around the U.S. […]
Continue ReadingIn just over three weeks, the trading volume on decentralized betting platform Polymarket went from zero to almost $3 million. As of Monday, Polymarket’s “Will Trump win the 2020 U.S. presidential election?” had over $2.8 million worth of bets placed, with each bet (for possible answers “yes” or “no”) costing less than a dollar. The […]
Continue ReadingCryptocurrency derivatives exchange FTX is increasing the margin requirements on its TRUMP and other President 2020 futures contracts. Announced Friday, the exchange said it is upping the initial margin requirement to $0.50, meaning traders must put up that amount to acquire 1 short TRUMP contract. The change comes in on Saturday at 12:30 UTC. Conversely, […]
Continue ReadingBitcoin was lower, tracking what appears to be a new range between roughly $11,200 and $11,700. It’s a step up from levels that prevailed over most of September, between $10,100 and $11,000. “As the bulls push for a return to a $12,000 handle, resistance will be found just below, at $11,900,” Matt Blom, head of […]
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Continue ReadingAssemblyperson Ron Kim wants his constituents to be self-sovereign. The trouble is, his constituents don’t know what that means. A member of the New York State Assembly representing District 40 as part of the Democrat and Working Families parties, Kim has been a fierce advocate for progressive politics and a surprising voice for crypto advocacy. […]
Continue ReadingCoronavirus is ravaging the globe, canceling presidential primaries in the U.S. and calling into question the wisdom of having lawmakers, many of them elderly, sitting close together as votes are held in Congress. Lawmakers, especially Democrats, have sought to expand mail-in voting, and perhaps give some voters the opportunity to vote digitally through their laptops […]
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