presidential election

Nexo Chief: Bitcoin Boomers Flock to Semi-Centralized Finance Platforms

In 2020, crypto assets have outperformed gold and equities. Stocks have seen a lot of volatility leading up to the 2020 US presidential election. Antoni Trenchev, CEO of the Nexo online lending/borrowing platform, explained why Ethereum and other assets are on the rise. In part, the crypto space is seeing a rocketing interest among baby boomers. Start With Bitcoin Trenchev sat down with Bloomberg TV to share his thoughts on the huge surge in crypto-asset prices. He believes the DeFi craze has powered the market. The Bulgarian told Bloomberg that

Why Bitcoin Just Surged to $13K in Belarus Amid Massive Protests

Belarus has become a hot ground of the great Bitcoin experiment as the country dwells into one of its most disturbing civil crisis. Ask prices for the world’s leading cryptocurrency by market capitalization are going higher across peer-to-peer platforms. Data fetched from Paxful, a Bitcoin marketplace, show people demanding a $2,500 premium for one unit of the cryptocurrency. While the rates differ from one seller to another, the average Bitcoin price as on Friday stands near $13,000. Bitcoin bids in Belarus and their dollar equivalent rates. Source: Paxful, Google In

3 Crucial Reasons Why Bitcoin Could Fall Below $10K This Fall

Bitcoin faces the prospects of breaking below $10,000 after failing to extend a rally that pushed its price up by 70 percent earlier this year. Bitcoin is maintaining support above $10,000. Source: TradingView.com Here are the top three risks the cryptocurrency is facing as it heads towards the fourth and final quarter of 2020, according to the latest fractals and multiple observations. #1 Another US Equity Selloff; Bitcoin Correlation One of the main reasons Bitcoin faces the risks of falling in the coming sessions is the equity market. The cryptocurrency

Stocks, Digital Assets, and Commodities Start the Week in the Green

It’s been nearly half a year since Italy first imposed a full lockdown on their citizens, and most of the rest of the world soon followed. The lockdowns proved extremely effective at combating the spread of the virus but also came with a heavy cost. The impact these measures had, however, became completely useless after the restrictions ceased. It’s 48 days until the next U.S. presidential election. Similar to the lockdown measures, a U.S. president is only effective while they are in power, thanks in part due to a rapidly

FTX Exchange: a Guide to FTT

A lot of people enter the cryptocurrency space looking for ways to expand the ability of their idle assets to generate further profit. This exact same motivation has moved people to entertain the option of participating in derivatives exchanges today. FTX is one of these projects providing that service. Right now, FTX shows a promising future with the backing of a lot of crypto and trading personalities and consistently high daily trading volume. FTX is a novel addition to the derivatives exchanges space and is still unavailable to traders in

Why The Upcoming US Election is Bitcoin’s Biggest Risk

Bitcoin broke up through $12,000 but is now crashing. Gold set a new all-time high but has since pulled back. The S&P 500 keeps on setting high after high. Still, all of these assets have one thing in common: they’re all at risk for a sizable correction, primarily due to the dark cloud hanging over the coming United States 2020 Presidential election. Here are all the reasons why the coming showdown between Trump and Biden could deal a deadly blow to markets, especially Bitcoin. What a Biden or Trump Win