Bitcoin Capital Market Gains Huge Post US Elections, Reveals FGC’s Report
Marcie Terman, the Founding Director of First Global Credit believes Donald Trump’s win in the US election to be a major influence on the steep increase in the number of new deposits. A report published recently by First Global Credit, a global Bitcoin margin trading platform, has claimed a monumental upsurge in Bitcoin capital market volume post the US elections 2016. The UK-based Bitcoin company posted over $12 million dollars-worth of trading on the platform, during the month of November. The previous record was of trading worth of $2.1 million dollars, set in February, 2016, on the....
Related News
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain income brackets. Two weeks ago, the current U.S. president, Donald Trump, floated the idea of cutting long-term capital gains cut down to 15%. In just two weeks, the U.S. may see a new president or it may get another four years of Donald Trump if the incumbent wins the election. This week a number....
Bitcoin accumulation during the 2022 bear market looks stronger than in 2018 but macro headwinds could spoil the party this time around. While Bitcoin (BTC) investors may not consider the U.S. midterm elections as a significant event, an eerie fractal from 2018 may provide a clue to what could happen before the year ends.Bitcoin to hit $12K–$14K after midterms?Comparing Bitcoin's price actions prior to the midterm elections of 2018 with those of 2022 shows a strikingly similar bear market trend. For instance, BTC price trended lower in 2018 while holding a horizontal level near $6,000 as....
Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale of Digital Currencies) bill in the Israeli parliament Knesset on September 22. The bill by the four – MK Oded Forer, Yevgeny Soba, Yulia Malinovsky, and Alex Kushnir – proposes several changes to crypto taxation, including the amendment of the existing tax law to exempt digital assets like....
According to data from CoinMarketCap, the price of Bitcoin returned above $67,000 with a 1.19% gain in the last 24 hours. Bitcoin appears to have found some stability in this region amidst multiple projections of further price gain. Interestingly, popular crypto analyst with X handle Rekt Capital has unveiled a particular scenario in which Bitcoin might actually build on its current positive performance. Related Reading: Crypto Analyst Says ‘Think Bigger’, Bitcoin Price Is Headed To $100,000 Bitcoin Enters New Range-Bound Market – Rekt Capital In an X post on July 20, Rekt Capital....
The Bitcoin Foundation has announced updates to its corporate governance structure, including stricter rules concerning terms for board members and suggestions for a new nomination process for elections. According to a blog post, the new elections are part of the Foundation's efforts to "instate a corporate governance structure that ensures consistency, stability and accurate representation of our membership for years to come". Two of the Foundation's most prominent personalities will face re-election by members to their board positions in December - chairman Peter Vessenes for his....