Bitcoin Skyrockets After Trumps Win - Is This Just the Beginning?
With Donald Trump securing victory in the U.S. presidential election, the crypto market is buzzing with anticipation, like never before. Bitcoin ($BTC) is now well above its previous ATH of $73,780, jumping over 7% in the last 24 hours. Many analysts now predict that Trumps win could trigger a strong bull run, as his pro-crypto stance aims to attract more investors and create new opportunities within the market.
Those who play on crypto casinos will be boosted, too, with reliable platforms offering strong security, responsive support for players, and various bonuses. You can easily play your favorite casino games, with options to earn crypto rewards. If you are a new player, you can expect a generous welcome bonus, free spins, deposit matches, and cashback offers, bringing your game to a higher level.
Major Players Come Together to Create Global Stablecoin Network
A coalition of companies including Robinhood, Kraken, and Galaxy Digital introduced the Global Dollar Network, and along with this new network comes the ambition to bring a widely adopted, USD-pegged stablecoin to market for global adoption in everyday transactions. Stablecoins, such as USDG, that are collateralized by actual fiat reserves, are designed to maintain value and not see extreme drops in price like many other assets, making them perfect for users looking for stability.
Going up Against Experienced Opponents
The USDG is issued by the blockchain platform Paxos, headquartered in Singapore and it directly competes with the famous stablecoins Tether (USDT) and USD Coin (USDC), offering benefits such as faster processing, lower transaction fees, and easier international settlement. It sees support from a variety of partners, including Anchorage Digital and Nuvei, firms that bring advanced security and payment technology to the network.
Crypto's Cultural Reach: NYC Dog Mayor Election Without the Fight
Its always heated when we are choosing our Mayors, especially if its New York and our cute smiling friend. But, this time, the lighthearted contest that's usually focused on community involvement has turned to crypto promotion as the supporters of the BERT coin attempted to rig the election in favor of Bertram the Pomeranian, given his popularity on social media, just to get more attention toward their crypto.
This intervention made everything a little controversial as Olivia Caputo, who owns yet another competing dog, Enzo the Shih Tzu, pulled out her dog from the race, citing that she's uneasy over vote manipulation and an overly competitive atmosphere.
Whos The Lucky Winner in The End
Bertram's owner, Kathy Grayson, added she did not have direct contact with the crypto enthusiasts and that she had asked them to stop intervening, to keep the competition fair. Stephen Calabria, who organized the event, stated that the online debates were hard to monitor and the motivations behind different votes became hard to control, so its not unusual that this happened, given the open voting process.
This may be only the beginning, raising the question not if it will happen again, but when and where it will turn up next.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Read more: https://cryptodaily.co.uk/2024/11/bitcoin-skyrockets-after-trumps-win-is-this-just-the-beginning
Text source: Crypto Daily™
