According to Fox News and AP News, Donald Trump is projected to win the 2024 US Presidential Election as of November 6, 10 A.M. GMT. In response, Bitcoin surged to a new all-time high of $75,264.76, with market participants anticipating the implementation of Trump’s crypto-friendly policies. Trump’s return to the presidency places his extensive promises The post US Bitcoin Reserve asset, Freeing Ross Ulbricht, Firing Gary Gensler… Time for Trump to deliver appeared first on CryptoSlate.

Crypto-friendly politicians are making significant gains in the ongoing US elections, with early results indicating strong support for candidates who advocate for digital assets. In the House of Representatives, 220 pro-crypto candidates have been elected, surpassing the 106 elected who are against crypto initiatives, according to Stand With Crypto. In the Senate races, pro-crypto candidates The post 220 pro-crypto candidates elected in US while Elizabeth Warren keeps seat amid $75k Bitcoin appeared first on CryptoSlate.

Outside of today’s Presidential Election, the crypto industry is significantly impacting the 2024 US Senate races by channeling substantial financial support to pro-cryptocurrency candidates, aiming to influence the legislative landscape. In the presidential race, Trump has been the more vocal crypto supporter, while Harris rarely mentioned the industry in her campaign messaging. The Stand With The post These are the most important crypto races in the US Election today outside of the Presidency appeared first on CryptoSlate.

Bitcoin’s maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin’s evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy. The Bitcoin Policy Institute (BPI) released a comprehensive report on how The post Bitcoin Policy Institute releases paper on Bitcoin as a strategic reserve asset appeared first on CryptoSlate.

German telecom giant Deutsche Telekom has partnered with Germany’s oldest bank, Bankhaus Metzler, to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy. The initiative aims to utilize excess electricity from renewable sources that would otherwise remain unused due to grid limitations or insufficient storage options. Per the announcement on Monday, Nov. 4, The post German tradFi giants confirm trial to mine Bitcoin with surplus energy to stabilize grid appeared first on CryptoSlate.