Miners Bet on Bull Run, BTC PACs, Bitcoin Steady at 67.5K, Bitcoin x Real Estate & River’s Bitcoin Interest
10/25/2024 17:50Bitcoin hovers at 67.5K, miners gear up for a bull run, bitcoin-backed PACs make political moves, Propy revolutionizes real estate with bitcoin escrow, and a financial services company offers 3.8% Bitcoin interest with FDIC-insured cash.
The value has been fluctuating between 67K and 69K, with a current level around 67.5K. This comes after reaching its all-time high of 73K earlier in 2024, marking a notable shift in the market.
Propy’s just launched its Crypto Escrow Service, teaming up with Coinbase Prime to make real estate deals using Bitcoin, Ethereum, and USD Coin smoother and safer. The service keeps your crypto secure through the whole closing process, protecting it from market swings and helping you avoid those hefty capital gains taxes.
Plus, it makes things easier for traditional title companies to handle crypto transactions without a hitch.
Bitcoin’s price has stayed relatively stable, but mining difficulty just hit a new all-time high.
This jump points to an influx of miners joining the network. Many are likely positioning themselves for a potential bull run on the horizon, hopeful for profitability.
Bitcoin miners are throwing their weight behind the Bitcoin Voter PAC, tied to the Bitcoin Voter Project, targeting swing voters in Pennsylvania and Texas.
With a mission to push candidates who favor mainstreaming digital assets, such as Trump, Ted Cruz, and Dave McCormick, into office, the PAC made a bold move by spending $25K on three ads.
CNBC reported crypto political donations soar to $190 million this cycle; it also says that crypto companies are making up nearly half of all corporate donations this election.
River, a bitcoin only financial services company, is offering a way to earn 3.8% interest in Bitcoin on every dollar deposited.
Their model blends the security of FDIC-insured cash with the potential for real wealth in bitcoin. Users can deposit cash, earn daily interest in either Bitcoin or dollars, with zero hidden fees or minimums. River emphasizes full transparency with proof of reserves and FDIC insurance.
It's a move that merges traditional banking safety with the growing allure of digital assets.