Author: American Coins & Gold

First Mover Americas: BTC in Price Discovery Mode Following Record High
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

D.O.G.E Memecoin Rockets 100% as Traders Savor Elon Musk's Strong Ties to President-Elect Trump
The proposed department, abbreviated as D.O.G.E, will seek to make government spending of taxpayer money more efficient while streamlining departments that handle spending.

Cardano Pumps 16%, Bitcoin Could Pop to 0K After Fed Rate Cut
Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.

Bitcoin ETFs See Record .3B Inflows on Trump Win, Fed Rate Cuts
BlackRock’s IBIT accounted for most of the inflows at $1.1 billion, with zero net outflows from any product.

CEO of Canadian Crypto Holding Returns Safely After Paying 0K Ransom: Report
WonderFi CEO was forced into a vehicle but released after a ransom was paid.

Republicans Look Set to Clinch Electoral Sweep, Echoing Polymarket Bets
The U.S.’s Republican Party seems set to keep control of the House of Representatives, completing its trifecta after flipping the Senate and White House in the 2024 election cycle — confirming odds on betting site Polymarket.

Jack Dorsey's Square to Invest More in Bitcoin Mining and Shut Decentralized 'Web5' Venture
The company’s shares fell after reporting third quarter sales that missed estimates by 4%.

Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal
Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit’s Office of the Treasury.

Coinbase Brings Bitcoin to Solana, Spurring High Hopes for DeFi Surge

Intense Competition — Not Technology — Will Fuel Blockchain's Rise to Dominance
Like the internet itself, decentralized networks aren’t always the most efficient tools for some tasks. However, the open, permissionless nature of these networks creates intense competition that often serves customers better than technical efficiency alone, says EY’s Paul Brody.