Ripple’s XRP surges to 2024 high amid Trump win, stablecoin optimism
Donald Trump’s election victory, an anticipated conclusion to the SEC lawsuit and an expected stablecoin project may have contributed to the XRP price surge.
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Crypto PAC-backed Republicans win US House seats in Florida special elections
Two Republicans who received a combined $1.5 million from the crypto-backed political action committee (PAC) Fairshake will enter the US House after winning special elections in Florida. Republican Jimmy Patronis won the vacant seat in Florida’s 1st Congressional District to replace Matt Gaetz, taking 57% of the vote to defeat Democrat Gay Valimont, according to

World Will Not Adopt a Bitcoin or Gold Standard, Says Peter Brandt
The world is headed for special drawing rights with gold participating, but not a return to the gold standard, the trader says. Bitcoin (BTC) and cryptocurrencies will not get their big break thanks to the problems with the fiat economy, says veteran trader Peter Brandt.In a series of tweets on July 22, the popular commentator…

Zcash Community Approves New Mining Reward Distribution Scheme
A recent poll revealed community support for Zcash mining reward changes, which will take effect in November 2020. With the Zcash Founder’s Reward terminating in November, the privacy asset’s mining situation has come into question, a blog post from one of the project's supporters, Electric Coin Company, or ECC, said on Jan. 28. Community votes in new…

Cryptocurrency Exchange BitMEX Enables Native SegWit Support
Cryptocurrency exchange BitMEX added support for native segregated witness (SegWit) addresses for Bitcoin (BTC) withdrawals, which lets users pay lower transaction fees.According to an announcement on Dec. 12, BitMEX now allows its users to withdraw Bitcoin to Bech32 addresses, the one that natively supports the segregated witness standard.Bitcoin address formatsAs the announcement explains, the Bitcoin…

Altcoin Roundup: Crypto indexes offer broad access, but are they profitable in the long run?
The cryptocurrency market is known for its high volatility and the wild-west nature of the space is, in part, due to many of the assets having small market caps and the 24/7 operational hours of centralized and decentralized exchanges (DEXs).In addition to being high risk, crypto trading can also be a very time-intensive process. It…

Bitcoin’s role as an inflation hedge depends on where one lives — Analyst
For years, inflation was primarily a concern for emerging markets, where volatile currencies and economic instability made rising prices a persistent challenge. However, in the wake of the COVID-19 pandemic, inflation became a global issue. Once-stable economies with historically low inflation were suddenly grappling with soaring costs, prompting investors to rethink how to preserve their

New York Economic Dev. Non-Profit NYCEDC Opens Blockchain Center
The New York City Economic Development Corporation (NYCEDC) has announced that it is opening its Blockchain Center in Manhattan, Bloomberg reports today, Jan. 10.The organization told reporters that the center is part of a partnership with international trade organization Global Blockchain Business Council and affiliates of New York-based venture capital fund Future Perfect Ventures.Located in…

Indian IT Minister Requests Blockchain Solutions to Improve Government Schools
The Indian Telecoms and IT Minister, Ravi Shankar Prasad, has tasked the National Informatics Centre (NIC) with developing a blockchain-based solution for improving the quality of government schools.According to a Jan. 20 report by the Press Trust of India, the minister made the request at the inauguration of a blockchain technology center of excellence, set…