Election Results Prove Positive for Bitcoin
The election is over, and many Americans are shocked by the results. In a stunning upset, Republican candidate and businessman Donald J. Trump has pulled off a sweeping victory in the electoral college to become the next president-elect. The outcome has left the nation as divided as ever. Some are ecstatic over the news, while others are left feeling depressed and even angry. Virginia coal miner Jimmy McDonald is one of many expressing joy over Trump’s victory, stating: “There’s still some good in America. The people have spoken. The people said, ‘enough is enough.’ He’s going to bring....
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Bitcoin price is rising steadily and it even broke the $14,000 resistance against the US Dollar. BTC is showing positive signs and it seems like US election results might trigger swing moves. Bitcoin remained in a positive zone and it climbed above the $14,000 resistance zone. The price traded to a new 2020 high at […]
The Associated Press’s (AP) 2020 election results will be recorded on Everipedia’s EOS-based blockchain network, a first for the nearly 200-year-old news agency.
Using blockchain-based technologies provides a secure and unhackable record of the state-by-state results as they come in. 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....
Not saying that the US election results could impact an independent market like Bitcoin, one can still see digital currency traders mirroring stock market traders’ cautious take. Traders might want to take a break as the race for next presidential election gets tighter with each passing day. The world’s leading markets, namely S&P 500 (-2%), Dow Jones (-1.5%), Nasdaq Composite (-2.8%), have encountered a short burst of volatility, illustrating how speculators are giving too much weightage to pre-poll readings. These are, however, just cautious parameters amid uncertain....
Bitcoin’s price has been holding up quite well despite the volatility seen yesterday that came about due to a turbulent election that has yet to deliver any decisive results. This price action has done little to contribute to its mid-term outlook, however, as it is still trading below the resistance it has been facing around […]