It’s been a week. Whether the politics made it good or bad week depends on your view but if you’re holding Bitcoin, it was certainly good. The price is up more than 8.5 percent over the last seven days. It’s now well over $14,000 and has spent 100 days above $10,000. That has some experts predicting a new jump. Others are looking back to 2016 for positive signs. Then too a period of pre-election stability was followed by a rally. The next level of resistance could be at $17,000. Will Bitcoin get there? Much depends on how far it falls …

On Nov. 7 several major media outlets announced that after 4 days of rigorous vote-counting in key battleground states Joe Biden had managed to secure enough electoral votes to become the 46th President of the United States. As the excitement over an incredibly close election starts to abate, analysts will take a closer look at how a Biden presidency may impact traditional markets and Bitcoin price. Three key factors to consider are the eventual passage of a new round of economic stimulus, a strengthening U.S. dollar, and the possibility of a stock market recovery. Economic stimulus could propel Bitcoin higher …

Following the Associated Press’ call earlier today that President-elect Joe Biden had won victory over incumbent Donald Trump in the U.S. presidential race, the 174 year-old organization -- which has been covering elections since 1848 -- subsequently published their call on the Ethereum and EOS blockchains, triggering at least one prediction market outcome. However, some have expressed skepticism about the validity of using such a call as an oracle, raising broader questions about certainty and determinism in smart contract-based prediction markets. On Oct. 15, 2020 Everipedia -- the for-profit encyclopedia and blockchain company -- announced they would be supplying data …

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor's note Are you over the election? I’m over the election. But you can bet that as soon as I finish writing this week’s Law Decoded, I will compulsively check up on what’s happening in Georgia and Pennsylvania. And it seems that I’m not alone. Despite the election highjacking the entire news cycle, crypto has not been completely left in the corner. Likely most notable, Bitcoin is hitting highs it hasn’t seen since January 2018. Given that BTC price typically reacts …

Sam Bankman-Fried, the CEO of Hong Kong-based cryptocurrency derivatives exchange FTX, donated $5.2 million to Joe Biden’s presidential campaign. As the Wall Street Journal reported on Oct. 28, Biden’s presidential campaign received a total of $79.5 million from the top 100 donors describing themselves as CEOs. Bankman-Fried is reportedly the second-largest “CEO-contributor” to the campaign after Michael Bloomberg, a co-founder of the eponymous financial and media company, who donated $56 million. The major contributions by CEOs to both Biden and current president Donald Trump are still only a drop in the bucket. Both campaigns together with their outside backers raised …

The 2020 U.S. presidential election has driven significant action across crypto-powered predictive markets. Ethereum’s co-creator Vitalik Buterin took to Twitter during the counting of votes to praise the success enjoyed by crypto-powered prediction platforms amid the election season, stating: “Regardless of who wins from here, I definitely think that the prediction markets have proven themselves more accurate than the polls/models this time around.” Traditional polls have shown Biden with an eight-point lead since the start of November, but presidential futures tokens have swung wildly in response to events. The election markets on major cryptocurrency derivatives exchange FTX saw wild volatility …

Former Republican congresswoman and current Bitcoin holder Cynthia Lummis has won a seat in the U.S. Senate against Democratic challenger Merav Ben-David. According to a Nov. 4 report from Fortune, Lummis was an early adopter of Bitcoin (BTC), having first purchased the cryptocurrency in 2013 thanks to a tip from her son in law, Will Cole. Cole has served as the chief product officer at blockchain financial services firm Unchained Capital since December 2019. “Cynthia believes in the philosophy behind Bitcoin, not just that it is a new asset class,” said financial firm Avanti’s founder and CEO Caitlin Long. She …

While most investors and traders anticipated massive volatility to occur through the election hours, little has happened. Bitcoin’s (BTC) price is still relatively stable and hovering under the crucial resistance of $14,000. At the same time, Bitcoin’s price has been moving in tandem with equity markets over the past 24 hours. Bitcoin still can’t break the $14,000 resistance The weekly chart is showing a very healthy setup, as the price movements look natural and organic, testing all previous support and resistance levels before continuation occurs. As the chart shows, this structure was established with the $10,000 level, after which the …

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. AP has also released the Ethereum smart contract address, allowing readers to use block explorers such as Etherscan to …

The price of Bitcoin (BTC) suddenly fell by 3% within hours on Nov. 4 to $13,566 after briefly rising above $14,000. Coincidentally, the U.S. dollar, gold and stocks all fell together in tandem. Analysts are pointing to uncertainty surrounding the election as the catalyst for the sharp correction. Why markets fell after surging during the vote count When the mainstream media was actively reporting the vote count, the price of Bitcoin and stocks rallied. Yet, after the vote count ended for the day, all risk-on and risk-off assets went into the red, including S&P 500 futures. Tracy Alloway, a financial …

The price of Bitcoin (BTC) rose by more than 2% in two hours to briefly top $14,000 as the polls were starting to close across many U.S. states on Nov. 3. At the time of writing, it was just under the key mark. Today is election day in the United States, and many crypto leaders are predicting Bitcoin could be the big winner in the highly contentious race. So far, officials have counted more than 400,000 ballots. Bitcoin has only been around for two U.S. presidential elections, but the price has risen significantly with each successive race. In November 2012, …

The price of Bitcoin (BTC) rose by 2% in just 30 minutes right as the United States' stock market rang its opening bell on Nov. 3. During pre-market, the Dow Jones surged by over 350 points as the U.S. election day triggered massive volatility. The four reasons that likely led to a Bitcoin uptrend in such a short period are the election, a stocks upsurge, negative funding and rising exchange outflows. Election triggers volatility The U.S. election is today, but the result is not a foregone conclusion. Polls suggest Joe Biden has a lead in major swing states. The election …