Bitcoin to Target $14,400 Despite No Clear Election Winner: Analyst
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 […]
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An election to fill two individual member seats at the Bitcoin Foundation has ended without a clear winner, voting results show. The Bitcoin Foundation reports that none of the 13 candidates received at least 50% of the vote from foundation members, a development that will result in another round of voting. Participants in the run-off election will include entrepreneur Olivier Janssens, former foundation global policy counsel Jim Harper, Atlantic Financial's Bruce Fenton and Michael Perklin of the CryptoCurrency Certification Consortium (C4), each of whom received at least 30% of the vote.....
Crypto analyst George McDonaugh says that the U.S. presidential election is unlikely to change the bitcoin price’s upward trajectory. He draws on a number of fundamental and technical factors to illustrate his point. For example, McDonaugh argues that the recent surge in the price of bitcoin (BTC) is actually part of a sustained rally since the ‘Covid capitulation’ event back in March. “Since then we’ve seen nothing but bullish signals appear one after another,” McDonaugh said, in thoughts shared with news.Bitcoin.com “We’ve seen four....
The Bitcoin Foundation recently announced to conduct a runoff election for its two individual board seats, as previous ballot failed to designate a clear winner. The results somewhat contradicted with one of the Bitcoin Foundation's bylaws that requires candidates to obtain at least 50% approval in order to qualify for the board seat. As per one list published on the foundation's blog, the top contender - Olivier Janssens - managed to secure around 46.7% approval, followed by Jim Harper, Bruce Fenton and Michael Perkily who ended up securing 41.2%, 30.9%, and 30% approval rate,....
Emerging Ethereum-powered predictions platform Polymarket produced six-figure volume amid the first presidential debates. The first debate of the 2020 U.S. presidential election had no clear winner, but crypto-powered prediction platforms are having a field day. Election futures on crypto derivatives exchange FTX boomed, with the platform’s CEO reporting more than $4 million in open interest trying to pick the winner between Democrat Joe Biden, and Republican Donald Trump. On FTX, Trump’s brash debate performance got a big thumbs down and drove a 10% crash in the price of futures contracts....
Iceland’s Pirate Party, part of a worldwide movement representing hackers, anarchists and Bitcoin enthusiasts, could possibly lead the country’s next government after Saturday. Current opinion polls have it ahead of any other party. Although eight parties appear on the polling chart, under a parliamentary system it’s usually the largest party that has the opportunity to form a government first. Unlike the U.S. and U.K., it’s not winner-take-all. Iceland elects its parliament proportionally, meaning the legislature may look exactly like this pie chart soon. Early Election Due to Political,....