U.S. election causes Bitcoin, crypto prediction markets havoc on Biden leadBTC $13,758 (+3.1%) • ETH $383 (+0.2%) • XRP $0.24 (+2.3%)
Ad: SwissBorg — One app. 4 exchanges. Best rates. Download the App →
Traders in the crypto market are increasingly betting on the outcome of the contested U.S. election. So far, the majority of bets are on Joe Biden, the Democratic candidate. Bitcoin is surging on the predicted outcome, as a blue sweep benefits the dominant cryptocurrency. The betting odds in the crypto prediction markets, primarily augur, are mostly in line with traditional platforms. According to The Guardian, the open interest for the U.S. presidential election has exceeded $1 billion. Both crypto and traditional betting markets have Biden as the favorite. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Crypto HFT Alameda Research invests $3M in asset management app 3CommasPopular crypto asset management app 3Commas announced its successful raise of $3 million in a Series A financing round led by Alameda Research, as per a release shared with CryptoSlate. Bitcoin sees threat from Hong Kong’s new crypto regulationChanging policies and financial regulations in Hong Kong have now targeted the burgeoning crypto space. As per a statement by the city’s securities watchdog on Tuesday, Hong Kong will now require all cryptocurrency trading platforms to be regulated whether or not they trade securities. “I am now bullish on Bitcoin”—Bloomberg newsletter talks institutional maniaA Bloomberg newsletter described Bitcoin as a “way of disintermediating the existing financial system.” It comes as the perception of BTC as a store of value is continuing to strengthen amidst rising institutional demand. Chainlink sees bump in development activity despite LINK plunging 10%Bitcoin has finally begun to correct after a 25 percent rally in the span of two weeks. Huobi denies rumors of executive’s arrest as Bitcoin outflows continueFollowing the OKEx founder’s arrest that resulted in over 200,000 BTC being caught in limbo due to him being the sole holder of the multi-sig withdraw keys, Bitcoin investors have been wary of holding their coins on centralized exchanges. Bitcoin in “overbought territory” says researchers as BTC suddenly correctsAccording to researchers at Santiment, Bitcoin has been in an “overbought territory.” Merely two hours after the report came out, BTC dropped 4 percent. ECB’s Christine Lagarde is “prepared” for digital Euro as crypto interest risesChristine Lagarde — the former Managing Director of the International Monetary Fund and the current President of the European Central Bank (ECB) — invited public reactions and commentary on the topic of a potential Euro-backed digital currency via a Twitter post this weekend. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
If you liked this post from CryptoSlate, why not share it? © 2020 Zenzio Incorporated Unsubscribe
|
