Bitcoin hits new heights as Trump returns—can he handle the crypto world without stepping on the blockchain?
In an unexpected twist, Bitcoin is once again soaring, driven by the prospect of Donald Trump returning to the presidency. Just recently, Bitcoin soared past $87,000 and is on a trajectory towards breaking the $90,000 barrier. The excitement largely stems from speculation that a Trump administration could usher in a series of pro-crypto policies, a sharp contrast to his previous stance on digital currencies. This bullish sentiment is not just fueling the enthusiasts; it’s sparking waves of institutional investment, as banks and market analysts are urging a robust embrace of this digital asset with hints of the cryptocurrency booming trend being just around the corner.
In light of these developments, Notabene, a specialist in crypto anti-money laundering, has raised an impressive $14.5 million in Series B funding, led by DRW VC with notable participation from Apollo, Nextblock, and others. This funding is testament to the growing emphasis on compliance and the integrity of cryptocurrencies amid the ongoing discussions around regulation under a potential Trump presidency. The implications for the sector are immense, especially as new platforms begin to emerge in response to the evolving landscape.
Moreover, this renewed interest in Bitcoin has inadvertently revitalized connections to traditional industries, such as sports. With Trump’s charismatic influence, we could see sports partnerships embracing crypto more than ever, pushing beyond mere NFTs into real-world applications—a perfect storm for both crypto aficionados and sports fans. As Bitcoin sets its sights on the increasingly coveted $100,000 mark, analysts are buzzing about which digital assets might follow suit, hinting at a prolonged bull run for the industry.
On the ground in Southeast Asia, exciting changes are afoot too. AEON, a payment service, has integrated with the BNB Chain to streamline crypto transactions, making it easier than ever for users to engage with digital currencies. Just imagine paying for your hawker fare with crypto! As we enter the so-called "Trump Era of Crypto," it's worth noting that the landscape is rapidly evolving, urging fans to buckle up for a rollercoaster ride that could redefine how we view not just investments, but also the very fabric of commerce.
The Series B funding round was led by DRW VC, with participation from funds managed by Apollo, Nextblock, ParaFi Capital, and Wintermute.
Then-Republican presidential candidate former President Donald Trump speaks at the Bitcoin 2024 Conference on July 27, 2024, in Nashville. Mark Humphrey—AP.
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Bitcoin reached an all-time high on Monday, continuing to soar after President-elect Donald Trump's win, and other cryptocurrencies are also climbing.
Following Trump's election, the price of Bitcoin has broken record after record. Many of his plans have caused excitement in the industry.
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