Bitcoin Holds $31,000 Ahead of Georgia Elections; What to Expect?
Bitcoin prices slipped lower Tuesday but maintained a strong foothold near critical support levels in the $30,000-31,000 range as traders awaited the outcome of Georgia’s runoff elections. The flagship cryptocurrency slipped 0.75 percent ahead of the New York opening bell, wobbling between two extreme levels wherein $32,890 was intraday high, and $29,891 was intraday low. […]
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The intraday returns on the Bitcoin spot market rose above 2 percent as Democrats took the lead in Georgia’s runoff elections. By the late Asian trading session on Wednesday, the flagship cryptocurrency had surged to another record high of $35,868, according to Coinbase crypto exchange, up 7.54 percent from its intraday low of $33,352 at […]
The National Bank of Georgia is taking steps to regulate the crypto market in the Southern Caucasus country, its governor revealed in a recent interview. While companies in the industry are to expect a licensing regime, financial institutions have already been banned from providing crypto-related services. Central Bank of Georgia to Propose Cryptocurrency Regulations Georgia’s monetary authority is planning to introduce rules for operations in the nation’s crypto space. The financial regulator has drafted new legislation to achieve this, the bank’s Governor Koba....
Several US Democrat legislators and electoral candidates have now written to the Democratic National Committee (DNC), calling for a change in the party’s approach toward the digital asset industry. This development comes as the Republican presidential candidate, Donald Trump has continued to gain more popularity as a cryptocurrency advocate ahead of the upcoming US elections. […]
Kelly Loeffler has lost the Georgia runoff election to Democratic challenger Raphael Warnock. Senator Kelly Loeffler, formerly the CEO of Bitcoin (BTC) futures exchange Bakkt, will not be returning to Washington, at least not as a legislator. According to AP News on Jan. 6, Democratic candidate Raphael Warnock has won one of the tightly contested runoff elections in the Southern state of Georgia. The runoff elections have been closely watched in the United States, as they will determine which party controls a majority in the Senate, which will set the timbre for President-elect Biden's....
One of the last places you'd expect Atlanta, Georgia-based BitPay to get involved with is probably sports. The bitcoin payment processor recently announced that they have signed on to sponsor the St. Petersburg Bowl Game that takes place annually, calling it the Bitcoin St. Petersburg Bowl. Now, they've added to their sponsorship list. The company announced on Monday that they have now partnered up with the Georgia Institute of Technology's Athletic Association in a deal brokered by IMG College (the multimedia rights partner for the university). The partnership will sponsor Georgia Tech's....