Bitcoin could top $1 million per coin during Trump’s second term, according to historical price data. Source: https://cointelegraph.com/news/bitcoin-gained-1-900-in-trump-s-first-term-will-btc-price-hit-1-m-this-time?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635328071017&utm_campaign=rss_partner_inbound
Month: November 2024
US Election Results a Validation on Prediction Markets, Crypto Experts Say
Was it a stroke of luck or an industry-defining triumph? That’s the question that statisticians and pollsters are left with following Donald Trump’s White House victory, envisioned by traders weighing in through prediction markets like Kalshi and Polymarket. Of course, the Crypto Twitter crowd was quick to call it a crystal-ball moment. “Those ‘prediction market whales’ were more dialed in…
Kenya Collects Over $77M in Taxes From 384 Crypto Traders
The Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto Taxes The Kenyan government collected $77.5 million (10 billion shillings) in taxes from cryptocurrency traders during the 2023-24 financial year, Anthony Mwaura, head of the Kenya Revenue Authority (KRA), recently disclosed. Mwaura, speaking […] Source: https://news.bitcoin.com/kenya-collects-over-77m-in-taxes-from-384-crypto-traders/
AI is Boosting Developer Ranks Not Replacing Jobs: GitHub
You might think AI is coming for developers’ jobs—after all, AWS CEO Matt Garman predicted most developers won’t be coding within two years, and former Stability AI CEO Emad Mostaque gives programmers just five years. But GitHub’s latest data tells a strikingly different story. According to a recent report, developer activity hit unprecedented levels in 2024. Total projects on GitHub…
JP Morgan Rebrands Blockchain Platform, Plans On-Chain Foreign Exchange Services
Financial services firm JP Morgan has rebranded its blockchain-based platform to Kinexys, as it prepares to launch foreign exchange services to serve a growing number of users. Launched as JPM Coin in 2019 and later renamed to Onyx, the blockchain platform will offer forex transactions to serve its expanding list of global clients, JP Morgan said Wednesday in a statement.…
Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?
Bitcoin could top $1 million per coin during Trump’s second term, according to historical price data. Source: https://cointelegraph.com/news/bitcoin-gained-1-900-in-trump-s-first-term-will-btc-price-hit-1-m-this-time?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Tether swaps more than 2 billion USDT to the Ethereum network
The vast majority of Tether’s USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality. Source: https://cointelegraph.com/news/tether-swaps-more-2-billion-usdt-ethereum-network?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Arkham launches crypto perpetuals exchange
Analysts expect crypto products to proliferate after Republican presidential candidate Donald Trump’s Nov. 5 US election win. Source: https://cointelegraph.com/news/arkham-launches-crypto-perpetuals-exchange?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Senator Lummis' Bitcoin reserve proposal faces uphill battle
A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval. Source: https://cointelegraph.com/news/senator-lummis-proposes-strategic-bitcoin-reserve-amidst-trump-s-re-election?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The future of money and backbone of globalization 2.0 is the cost of consensus
The future of money is the cost of consensus, and the economy of the future will usher in the next era of globalization. Source: https://cointelegraph.com/news/the-future-of-money-and-backbone-of-globalization-2-0-is-the-cost-of-consensus?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound