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🗞 Bitcoin Drops as Trump Threatens to Stop Vote Counting
Bitcoin fell Wednesday alongside traditional markets after President Trump alleged “fraud” in the presidential election and pledged to stop vote counting.
- Bitcoin (BTC, +1.18%) was trading at $13,580 at time of writing, representing a 3.3% decline on the day. The fall reversed a rally to $14,000 seen late on Tuesday, according to CoinDesk's Bitcoin Price Index.
- The cryptocurrency had begun losing ground during the early Asian trading hours after media reports projected a victory for President Trump in key states such as Florida, dashing hopes for a Democratic sweep and a bigger fiscal stimulus package under Biden's leadership.
- The sell-off accelerated in the last hour, with bitcoin extending losses from $13,730 to $13,530, as Trump's threat to stop vote counting ramped up political uncertainty and sent a tremor through traditional markets.
🗞 Bitcoin sees record 100 days above $10K as one analyst eyes ‘parabolic’ 2021
Bitcoin (BTC) has officially beaten a new record as BTC/USD trades above $10,000 for 100 days, and major gains should come next.
As voting in the United States’ presidential election ended on Nov. 3, Bitcoin saw a landmark moment of its own — 100 days straight trading in five figures.
Bitcoin sees record stretch above $10,000
The achievement is not just impressive as a record for $10,000-plus prices. According to previous data, once Bitcoin trades above these significant price levels for 100 days, BTC/USD swiftly increases by an order of magnitude.
Strategist eyes “parabolic” 2021
On the topic of history repeating itself, Bitcoin could go “parabolic” next year if it follows its behavior after previous halvings, a well-known analyst has forecast.
🗞 AP News publishes US presidential election results on blockchain
Using blockchain-based technologies provides a secure and unhackable record of the state-by-state results as they come in.
The Associated Press news agency has been publishing incoming results from the Nov. 3 United States presidential election onto the Ethereum and EOS blockchains.
As noted on the developer webpage detailing how to access its AP Elections API, results are being immutably written to blockchain by Everipedia’s OraQle software.
While the results are naturally also being published on the AP website, using the blockchain-based Everipedia provides an unhackable and permanent record of the calls for each state as they come in.
🗞 The 2020 Elections Are Boosting Crypto Prediction Markets
In 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 platform allows users to place crypto bets on highly-debated current events and public topics including politics, pop culture, business and health, according to its website.
Polymarket is a non-custodial platform, meaning it does not hold or store user-funds, and bets can be placed in the dollar-backed stablecoin USDC.
My Video: How to bet easily on US Elections using Crypto ! 5 minutes tutorial
🗞 Ethereum 2.0 Launch Gets Closer With Minor Code Release
Ethereum is inching ever closer to its long-awaited 2.0 upgrade. Last night, during one of the most divisive US elections in history, the tool to create Ethereum 2.0's deposit contract silently dropped on GitHub.
While the entirety of crypto Twitter remains enthralled by the Election results, a few spotted the announcement.
"Quietly releasing #ETH 2.0 deposit contract on #ElectionNight... sneaky, veryyyyy sneaky!," tweeted Adam Barlamm, founder of blockchain gaming firm, Chain Games.
What does the code do?
The tool represents a step toward Phase 0 of the long-awaited upgrade.
The inaugural stage of a staggered 6-phase rollout, Phase 0 introduces a proof-of-stake consensus mechanism—an efficient means of validating transactions on the Ethereum network. In order to get users staking and the proof-of-stake chain in working order, funds must be migrated from Ethereum's current blockchain over to Ethereum 2.0. And that's where the tool comes in handy.
🗞 Daily Crypto Calendar, November, 4th💰
- Blockstack (STX)
"An AMA series for the upcoming Stacks 2.0 Mainnet Launch and how you can earn BTC when stacking STX."
- Tael (WABI)
"Founder office hours - sharing announcements, updates and answering your questions in Wabi telegram group (every Wednesday)"
- Enjin Coin (ENJ)
"We'll be showcasing the Multiverse in action!"
- InMax (INX)
"As of 4 November 2020 at 12.00 WIB (GMT + 7) all Inmax (INX) trading activities will be closed..."
- Lumos (LMS)
"Our first ama will be with Indonesian group November 4th 12:00 utc @cryptowindonesia"
Last Updates
- 🗞 Daily Crypto News & Video, November, 3rd💰
- 🗞 Daily Crypto News & Video, November, 2nd💰
- 🗞 Daily Crypto News & Video, November, 1st💰
- 🗞 Daily Crypto News & Video, October, 30th💰
- 🗞 Daily Crypto News & Video, October, 29th💰
- 🗞 Daily Crypto News & Video, October, 28th💰
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