Trump win drives Bitcoin to $76K, PlanB sets $500K target
Bitcoin broke through $76,000 following Trump’s election victory, with PlanB’s stock-to-flow model forecasting a $500,000 BTC price within four years.
Related Posts
Cointelegraph Consulting: A review of SushiSwap roll-outs
Launched in August 2020 as a fork of the Uniswap decentralized exchange, SushiSwap briefly surpassed its competitor. Now ranking third behind Uniswap’s v3 and v2, the DEX rolls out numerous integrations with major networks beyond its native Ethereum blockchain to offer users a single entry point and lower fees. The SushiSwap protocol is one of the…
Sanctions on Russia and Belarus will include crypto — European Commission
The expansion of sanctions follows the commission announcing in February that it would be removing several Russian banks from the SWIFT cross-border payment network. 185 Total views 31 Total shares The European Commission has clarified that crypto assets will fall under additional sanctions targeted against Russia and Belarus in response to the military conflict in…
Bitcoin holds $34K as Bloomberg likens $30K support to $4K in 2020 BTC price crash
Bitcoin (BTC) maintained $34,000 support on Wednesday as a rebound from six-month lows showed surprising resilience.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin bulls see 2020 similaritiesData from Cointelegraph Markets Pro and TradingView showed BTC/USD stabilizing on Wednesday after a day of unnerving volatility.At the time of writing, Bitcoin was approaching $34,500 on the back of…
Bank of Japan: Cash Prevents Digital Currencies With Negative Interest
Japan’s second most senior banking figure has said central banks cannot use digital currencies to enforce negative interest rates, Reuters reported on July 5. Speaking at an event held by the publication, Masayoshi Amamiya, deputy governor of the Bank of Japan, said that states issuing digital currency with a negative interest rate would force inhabitants towards…
South Korean crypto exchange employees out-earn staff at major banks
Dunamu’s consolidated sales in the first quarter of 2024 reached $400 million, showing a 60.5% increase.
10% of MoneyGram’s US-Mexico Business is Crypto-Enabled
An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion of that went to developing countries.The simple act of transferring money from one country to another — more formally known as remittance — is one economic heavyweight of a market, yet blockchain technology is poised to…
MakerDAO to dissolve Foundation and become truly decentralized again
Pioneering decentralized finance protocol, MakerDAO, has announced its foundation will formally dissolve in the coming months, marking one of the final milestones in the protocol’s roadmap to decentralized governance.A July 20 blog post describes Maker’s decentralized autonomous organization, or DAO, as now being “fully self-sufficient” — with its globally distributed community “now responsible for every…
Breaking the Peg: Every Stablecoin Has Its Points of Failure
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decisionIn the year of bear markets and curbed enthusiasm, stablecoins have emerged as the asset class with which many of the crypto community associate high hopes for the long-anticipated mass…