Businesses
Bitcoin Businesses Feel Safe In The U.S. In Wake Of Trump Victory
Published
3 days agoon
By
adminThis morning MARA, the largest publicly-traded Bitcoin mining company, shared that it will be rolling out three new data centers in the U.S.
Would it have made such an announcement had Harris won the election? Probably. (It’s not like they whisked up these data centers overnight.)
But would they have made the announcement with such gusto, highlighting the fact that the bitcoin the company mines will be “Made In USA”? Probably not.
American compute power is accelerating. Today, we’re announcing:
-Three new data centers.
-Owned and operated in Ohio.
-372 megawatts of capacity.#Bitcoin – Made in USA. pic.twitter.com/ltDbhKrCHJ— MARA (@MARAHoldings) November 11, 2024
The “Made In USA” line is likely a nod to President-elect Donald Trump, who’s said he wants all future bitcoin mined in the United States.
Since Trump won the election, the stocks for bitcoin mining companies across the board have skyrocketed, with CleanSpark (CLSK) even being halted due to such breakneck upward price action, indicating that not only miners but also investors believe that Bitcoin mining is welcome in the U.S. and that the industry will thrive as a result.
And it isn’t only Bitcoin miners who feel that Bitcoin companies are safe to operate in the U.S. Alex Leishman, CEO and CTO of Bitcoin exchange River, also believes that the Trump administration will be kind to Bitcoin businesses (and Bitcoin holders).
Major risks to Bitcoin have been removed or made substantially less likely this year:
– Federal Ban / Chokepoint (with Trump this is much less likely)
– Gox coins dumping (coins have already been distributed)
– Self custody ban (less likely with Trump)— Alexander Leishman 🇺🇸 (@Leishman) November 11, 2024
In this tweet, Leishman seemingly refers to the promise Trump made in his keynote speech at Bitcoin 2024 to protect the right to self-custody and to stop the Federal bureaucracy from unlawfully cracking down on the Bitcoin and crypto industry.
Will Trump follow through on all of his promises? Hard to tell.
It seems likely that he will, though, as money talks and the Bitcoin/crypto lobby raised millions for Trump’s campaign.
For now, though, optimism abounds, which is refreshing after four years of the Biden administration, which made Bitcoin and crypto companies feel uneasy about their status in the U.S.
Source link
You may like
I Bought Bitcoin Today – And Felt Nothing
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Binance will launch USUAL stablecoin on Nov. 19
Court Issues Order in Favor of Ripple, CEO Brad Garlinghouse
Will the Second Crypto President Be Like the First?
BUIDL Fund Goes Multi-Chain Across These 5 Blockchainsc
Bitcoin
PayPal Enables Business Accounts to Buy, Hold, and Sell Bitcoin And Crypto
Published
2 months agoon
September 25, 2024By
adminPayPal Holdings, Inc. (NASDAQ: PYPL) has enabled its U.S. business account holders to buy, hold, and sell cryptocurrency supported on its platform, such as Bitcoin, directly from their PayPal accounts. While this service is available nationwide, it will not be available in New York State at launch, PayPal stated.
JUST IN: PayPal now enables business accounts to buy, hold and sell #Bitcoin and crypto. pic.twitter.com/mIujzhrtiF
— Bitcoin Magazine (@BitcoinMagazine) September 25, 2024
“Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency,” said Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies at PayPal. “Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We’re excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly.”
In addition to buying and selling, U.S. merchants can now externally transfer cryptocurrency to third-party wallets. This new functionality further increases the flexibility of crypto transactions for businesses.
PayPal’s expansion into offering businesses the ability to buy and hold Bitcoin and crypto on its platform builds on its growing digital currency initiatives. This includes the launch of consumer crypto services in 2020 and the introduction of its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), in 2023.
Source link
I Bought Bitcoin Today – And Felt Nothing
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Binance will launch USUAL stablecoin on Nov. 19
Court Issues Order in Favor of Ripple, CEO Brad Garlinghouse
Will the Second Crypto President Be Like the First?
BUIDL Fund Goes Multi-Chain Across These 5 Blockchainsc
Dogwifhat spikes 37% as Coinbase announces WIF listing
BTC Hits $93K, WIF Rally, PNUT Up 133%
Bitcoin May Hit $100,000 Faster Than Expected
Analyst Outlines Massive Price Targets for Dogecoin, Predicts Parabolic Rally for Ethereum-Based Altcoin
Senator to Push the Bill in Trump’s First 100 Days
Coinbase CEO Slams DOJ For Alleged Political Polymarket Probe
The Truth About Bitcoin Price Models: Stock-to-Flow, Power Law, and Beyond
Solana’s Tensor Teases Social Trading App to Rival Pump.fun
Polymarket CEO probed by FBI after Trump’s triumph
182267361726451435
Top Crypto News Headlines of The Week
Why Did Trump Change His Mind on Bitcoin?
New U.S. president must bring clarity to crypto regulation, analyst says
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin Open-Source Development Takes The Stage In Nashville
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Washington financial watchdog warns of scam involving fake crypto ‘professors’
Citigroup Executive Steps Down To Explore Crypto
Mostbet Güvenilir Mi – Casino Bonus 2024
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Trending
- 2 months ago
182267361726451435
- 24/7 Cryptocurrency News3 months ago
Top Crypto News Headlines of The Week
- Donald Trump4 months ago
Why Did Trump Change His Mind on Bitcoin?
- News2 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Bitcoin4 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Opinion4 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Price analysis3 months ago
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
- Bitcoin4 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential