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Tag: Bitcoin

Trump win ignites crypto frenzy that sends bitcoin to a record high
Breitbart, National

Trump win ignites crypto frenzy that sends bitcoin to a record high

By AP | Breitbart The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies. Bitcoin jumped nearly 8% in early trading, climbing above $75,000 and smashing its previous record set in March. Other cryptocurrencies also soared, including ether, the world’s second most popular cryptocurrency after bitcoin, which rallied 8%. Another token, dogecoin, rocketed as much as 18%. It’s the favorite cryptocurrency of billionaire Elon Musk, one of Trump’s most prominent supporters. READ THE FULL STORY AT BREITBART
Biden, Trump don’t even agree on crypto, with Trump saying he’s in support, Biden opposed
National, The Street

Biden, Trump don’t even agree on crypto, with Trump saying he’s in support, Biden opposed

By The Street Republican presidential candidate Donald Trump has recently signaled an about face on the digital assets industry, promising to support crypto in the U.S. during a recent campaign event and offering a stark contrast to apparent hostility from the Biden administration. “If you’re in favor of crypto you’re gonna vote for Trump because they want to end it,” Trump said recently.  Long-time advocates and investors in the space have decried harsh legislation from the Biden administration and Gary Gensler’s U.S. Securities and Exchange Commission (SEC). For instance, the White House recently vowed to veto legislation that could allow regulated financial firms to custody digital assets. Now, crypto-focused voters have reason to believe that Trump would offer a friend...