TRUMP Meme Coin Rollout Sparks Outrage Ahead Of Presidency

It’s been an interesting past 24 hours for the cryptocurrency industry and market, with the United States president-elect Donald Trump launching his own meme coin “Official Trump” (TRUMP). The Solana-based meme coin’s value has skyrocketed by more than 500% in the past 24 hours, with a market cap of over $5 billion. Ethereum (ETH) price, […]

U.S. Presidential candidate, Donald Trump is certainly not a man afraid of causing a stir in the world’s economies, and that, apparently, also extends to the world of digital currency, namely, Bitcoin. According to a new report conducted by Juniper Research, global concern over the possible election of Donald Trump as the next U.S. President and other economic concerns, have found that the price of Bitcoin could experience a massive increase. Trump presidency ranked within Top 10 global risks. According to the study by Juniper Research, they found that the total value of Bitcoin....

As Juniper stated in its May report, it seems a Donald Trump presidency is going well for the price of Bitcoin, which has risen overnight with a gain of about 5 percent from $702 to $737. Coupled with the weakening Chinese yuan, the total USD value of trading volume on major Bitcoin exchanges, according to Blockchain.info, rose within the last 24 hours from $13.6 mln to $21.7 mln as of Nov. 8, whilst from Nov. 6 the number of daily confirmed Bitcoin transactions jumped from 228,420 to 296,060. The U.S. Republican presidential candidate’s rise in the poll for presidency has correlated with....

What would the impact be of a Trump or Clinton presidency on digital currencies? Politics, banking, and money are all related. Major changes in a country’s governance will have huge implications for monetary policy. Trump. Trump is the King of Debt. He is no stranger to bankruptcy and financial leverage. His presidency would put America First, jeopardizing trade deals. He is attempting to pitch himself as a 21st century Franklin Delano Roosevelt. Roosevelt is famous for the New Deal, which involved massive infrastructure spending. While FDR is credited by many for lifting America out of....

Hillary Clinton or Donald Trump? While America may be undecided, there's a widespread belief among bitcoin investors and analysts that a Trump presidency would provide a limited, but impactful, boost to bitcoin prices. Such commentary follows on the heels of the UK's decision to leave the European Union in June, a development that many analysts credited with spurring uncertainty and causing a $100 increase in the price of bitcoin over just one trading session. Analysts noted that while the digital currency markets might not see any significant change from Clinton's election, Trump could....