Crypto News Recap – What a Potential Biden Administration Could Mean for Crypto – October 30 – November 6 2020
News Recap Synopsis and additional links found on the unchainedpodcast.com website:
What a Potential Biden Administration Could Mean for Crypto
And $15k BTC!
The election is front and center in everyone’s mind this week — and that even applies to the world of crypto. For the first time, one of the largest non-profit news agencies in America has been using blockchain to verify the accuracy of election results. And a big name in the crypto world made an eye-popping donation to a presidential candidate. Prediction markets also took off during the election season this year, with crypto exchanges seeing massive healthy revenue as a result.
As Bitcoin surpassed $15k for the first time in nearly three years, the Department of Justice seized a billion dollars in BTC tied to the Silk Road dark web market. It’s also looking more and more likely that Ethereum 2.0 could launch this year. And, PayPal’s CEO is revealing more about the company’s plans for crypto in the future, while the BitMEX saga continues with a new civil lawsuit filed as part of ongoing litigation.
On Unchained this week, Meltem Demirors and Lyn Alden discuss Bitcoin’s status since June, amidst a contentious presidential election and a global pandemic. And on Unconfirmed Kristin Smith of the Blockchain Association and HODLpac covers how crypto could be affected by the election under what is likely to be a new presidential administration as well as new members of Congress, including the first one to own Bitcoin.
This week’s top stories:
$1 Billion in Silk Road Bitcoin Seized by the U.S.
Election News Round-Up
Bitcoin Flirts With $15k
Ethereum 2.0 Phase 0 Launch Is Imminent
PayPal CEO Says Demand Was Almost Triple Expectations
BitMEX Officials Accused of Looting $440 Million From the Exchange
Coin Center Files Comment on Proposed $250 Travel Rule Threshold
FUN BITS
The European Central Bank Wants Your Thoughts on a Digital Euro
At Least It’s Not a Child’s Name
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