Explore how Donald Trump’s 2024 election win is boosting the crypto ecosystem. Learn about Bitcoin’s price surge, altcoins’ growth, and Trump’s crypto-friendly policies that could shape the market’s future. Stay updated on the latest crypto trends and predictions!
Donald Trump was declared superior to Kamala Harris in the 2024 US Election held on November 5. Trump received 50.9% of the vote while Kamala only received 47.6%, with Trump’s voter area being much more dominant.
This victory is good news for the crypto ecosystem. Evidently, due to Donald Trump’s superiority, the price of crypto tokens has skyrocketed, and Bitcoin has even become a new ATH.
Check out the detailed explanation of the crypto ecosystem, which has strengthened again due to Donald Trump’s victory in the 2024 US Election.
Bitcoin Predicted to Hit $100,000 in Q! 2025
After yesterday BTC recorded a price of more than $75,000, today the price of Bitcoin even touched $76,391 its highest price in 24 hours. When this article was written on November 7, BTC was trading at $75,216, with an increase of 3.05%. This price is, of course, very amazing and has only happened during this US election period.
You can see from the screenshot of the Bitrue price chart above. The BTC RSI value is at 71.74, which means the buying trend is still strong like yesterday, but if it is higher, it will be overbought.
The Bitcoin MACD indicator also shows a bullish trend that could continue to climb along with Donald Trump’s victory celebration. Because of these very positive BTC indicators, many crypto observers say that BTC could touch a price of $ 100,000 in Q1 2025.
As reported from TradingView, Bitcoin’s current dominance is at 60.05%, which is much higher than BTC’s dominance on normal days, which is only in the 50s.
Crypto is Greening
The crypto ecosystem has been green since yesterday. Not only Bitcoin but various Altcoins and meme coins have also experienced significant increases.
Ethereum continues to strengthen its price at $2,821, with an increase of more than 8%. In fact, in 24 hours, ETH touched a price of $2,878. Just like BTC, Ethereum’s RSI value is also very high at almost 80, with a MACD line that has jumped significantly, indicating that ETH’s bullishness is happening and will be more positive in the future.
SOL is also no different. The SOL MACD line indicates a positive bullishness. No mistake, SOL’s price also touched its highest price at $191.90 in the last 24 hours.
Why Crypto Ecosystem Supports Donald Trump
Donald Trump has indeed attracted the sympathy of crypto investors. This is because, during the campaign, Donald Trump seemed serious about supporting this ecosystem. Trump was also recorded as stating 11 points to support crypto:
Fire SEC Chairman Gary Gensler on Day 1
Establish a “National Bitcoin Stockpile”
Make the United States the “Bitcoin and cryptocurrency capital of the world”
Retain 100% of the 203,650 BTC$BTC ($14.95B) currently held by the U.S. government
Eliminate capital gains tax on Bitcoin
Support U.S. Bitcoin mining
End regulatory crackdowns (the “anti-crypto crusade”)
Launch a “Bitcoin and crypto presidential advisory council”
Protect individuals’ rights to self-custody digital assets
No CBDC
Commute Ross Ulbricht’s double-life sentence, the founder of Silk Road.
Conclusion
Will the crypto ecosystem strengthen in the future during Donald Trump’s leadership in the United States? Will Trump’s promise to make crypto regulations easier and more protected, as Trump mentioned during the campaign?
To find out, you can access the Bitrue website. There, you will find out all the updates about the crypto ecosystem in real-time, wherever you are.
This Press Release has also been published on VRITIMES
If asked to choose between working a regular 9 to 5 job and playing a video game all day, most people nowadays will probably choose to play. I can already hear my parents scolding me and saying something like, “Why waste time on games? It’s not as if you can make money from that!”
But the world is not as it was, and people of all ages have discovered that it is actually possible! How? The most obvious answer would be to join tournaments. Just like in any sport, amateur and professional gamers compete against each other to win the prize money and other additional items, both virtual and physical.
But is that the be-all and end-all of how to earn from gaming? Phantom Arena has gone BEYOND that and introduced the concept of game finance or GameFi.
According to Capital.com, “GameFi combines blockchain technology elements such as non-fungible tokens (NFTs) and cryptocurrencies with gaming to provide economic incentives to players. Therefore, GameFi is also referred to as play-to-earn (P2E) gaming.”
Phantom Arena is the Grab/Uber of Game Finance
In early 2024, a new player entered the realm of game finance. Phantom Arena is a blockchain PVP game that “provides up to 50 players with the opportunity to engage in real-time battles within the selected arena. Players compete for the supreme position to achieve top rankings and win enticing rewards.”
According to Phantom Arena CEO Alan Hung, “Phantom Arena is a pioneering platform in today’s crypto landscape, designed to empower Web3 users worldwide. It serves as a comprehensive, ready-to-deploy ecosystem aimed at supporting projects facing challenges with utility and community engagement.
Our goal is to establish a new standard within the GameFi sector and collaborate with crypto enthusiasts to enhance the overall quality of the crypto environment.”
Grab and Uber are the industry leaders when it comes to ridesharing, not just in the Philippines but all over the world. While there are many riding apps in the market, nothing beats them in popularity. Despite being a new player in the market, Phantom Arena has been able to position itself as such with tournaments and networking events organized in multiple places all over the world.
Here in the Philippines, when we want to book a ride, top of mind we think Grab. In the realm of game finance, that name would be Phantom Arena.
I confess, just like many Gen-Xers, I have many reservations about cryptocurrency, mostly because of a lack of knowledge about it. Currency being something other than dollar, peso, or any other regular country currency is scary! But then, after doing some research and talking to some people who invest in cryptocurrency have made me open it.
A solution born out of necessity and ingenuity
The pandemic resulted in many suffering from mental health issues and aggression due to enforced confinement and the inability to socialize normally. This meant that interaction was limited to a virtual space. Phantom Arena provides an outlet for users to express their aggression in a safe space while having the opportunity to earn money at the same time.
Which leads to the question of “how do you earn money from playing this game”? Watch out for the details in the next article.
Do you find it cumbersome to always have to carry cash? Have you missed out on a dream purchase because you didn’t have enough cash on hand? Or had to forgo an online plane ticket purchase for a family trip? With a credit card, these worries are a thing of the past, offering you convenience and peace of mind.
Credit cards open up a world of benefits, especially when used wisely. They are universally accepted, allowing you to travel, dine, and shop without the burden of cash. Plus, they often come with a range of rewards, discounts, and deals, making your experiences more enjoyable and cost-effective.
Despite the numerous benefits, some people are hesitant to apply for a credit card, often due to concerns about high interest rates. However, by using your card sensibly and paying on time, you can fully enjoy its advantages. It’s important to choose a card that suits your lifestyle, and with responsible use, it can significantly improve your life.
Having a credit card means that you can typically gain access to exclusive discounts or benefits, receive rewards, and earn points, which could be redeemed for travel, dining, or cash equivalent for daily purchases. Credit cards also offer substantial cashback rewards for purchases made at supermarkets, gas stations, pharmacies, and with other merchants, including airlines and partner restaurants that have special discounts and seasonal promos you can enjoy with your loved ones.
A credit card is an extension of your spending capacity. It enhances your purchasing power, especially in securing products and services – from your everyday needs, such as gas, groceries, coffee, and medicines, to high ticket items, such as treating your family to a staycation or vacation, finally getting that gadget you have wanted for so long, front row concert tickets to your favorite band, upgrading your home appliances, or buying your loved one a jewelry for that important milestone.
Depending on your choice and lifestyle, credit cards offer entertainment treats, privileges, seasonal dining promos, free travel insurance coverage, cashback on overseas shopping, and the ability to buy now and pay later, to name a few. There are various incentives, too, including travel benefits, hotel and restaurant discounts, and travel perks (such as the privilege of relaxing in posh airline lounges) to make your trips stylish, more exciting, and twice the fun!
Online shopping? Credit cards assure you of a more protected and seamless e-commerce purchase with features like encryption, multifactor authentication, and fraud monitoring.
A credit card from BDO, one of the leading banks in the Philippines, for instance, offers year-round deals and exclusive dining deals for up to 50% off. It also provides ‘Buy Now, Pay Later’ options, a feature that allows you to make a purchase and pay for it in installments over a period of time, often without interest. This, along with 0% interest on big-ticket purchases, lets you earn Peso Rewards and more.
There is no better time than now to own at least one BDO Credit Card! When you apply for a BDO Credit Card, you can get up to a P25,000 cashback credit when you meet the minimum spending requirement. The promo runs until October 31, 2023. Qualified cards are Mastercard, Visa, JCB, UnionPay, Diners Club, and BDO-issued American Express. Terms and conditions apply.
This Press Release has also been published on VRITIMES
Samunnati partners with Singapore-headquartered fintech finbots.ai to transform credit risk management using AI
finbots.ai’s credit modelling solution, creditX, will enable Samunnati to build high quality credit risk scorecards faster, accelerating growth of Agri & SME lending business & driving financial inclusion.
Samunnati, India’s largest agri
enterprises, today announced signing an agreement with Singapore-headquartered
B2B SaaS FinTech finbotsAI, to transform credit
risk management using AI.
With this, Samunnati becomes the
first Agri Enterprise in India to incorporate advanced AI-based solutions into
a key pillar of its business, supporting its mission to drive greater financial
inclusion for smallholder farmers and agri enterprises. Through this
partnership, Samunnati has become the first client of Accel-backed finbotsAI in
India.
With creditX, finbots.ai’s
AI-powered credit modelling platform, Samunnati will be able to develop high
accuracy custom credit models on demand, enabling them to scale their agri and
MSME supply chain financing business with reduced risk. Samunnati will also be
able to process new applications instantly, resulting in improved efficiency
and greater agility in operations.
Samunnati made the decision to
sign with finbotsAI after an extensive evaluation via a Proof-of-Concept using
historical data. With creditX, finbots.ai was able to reduce model development
time from 3 months to 4 days with a significant increase in predictive
accuracy, demonstrating potential upsides in revenue and operating
efficiencies.
Commenting on the partnership, Anil
Kumar SG, CEO and Co-Founder, Samunnati, said, “We believe that
innovation is the key to solve the access to finance paradox and to unlocking the potential of Indian
agri. The partnership with finbotsAI aligns perfectly with our vision of
leveraging technology to serve our customers better and contribute to the
growth of the Indian Agri.”
Sanjay Uppal, Founder & CEO, finbots.ai commented, “We are proud to make our foray into an exciting market like India
with an industry leader in Samunnati. We have seen enormous success in enabling
lenders in Southeast Asia and Africa to safely lend to new segments and
accelerate financial inclusion and are confident our transformative AI
platform, creditX, will have a similar impact in India. We are seeing creditX
become a preferred option for lenders globally, and this deal reinforces the
desire for cutting-edge technology solutions that solve legacy challenges.”
With this deal, finbots.ai’s fast
growing client base stretches to 10 countries across APAC and MEA markets while
Samunnati strengthens its credit-risk management using world-class AI-enabled
platform.
finbots.ai is an Accel Portfolio FinTech company with a mission to help lenders drive profitable lending and financial inclusion with creditX, our AI-powered platform to rapidly build high accuracy risk scorecards.
creditX is used by lenders across 4 regions, specifically Africa, Middle East, APAC and Australia, and by the full spectrum of lending companies, including digital banks, SME lenders, agri-lenders, consumer lenders and Credit Bureaus.
finbots.ai has been recognised among ‘Top 10 FinTechs in Singapore’ at the Monetary Authority of Singapore (MAS) FinTech Awards 2022. The FinTech is also part of PwC’s Partner Programme and a Featured Partner for Tata Consultancy Services.
finbots.ai is amongst one of the first FinTechs to have completed AI Verify, the world’s first AI Governance testing framework and toolkit developed by Singapore Government’s IMDA (Infocomm Media Development Authority) and PDPC (Personal Data Protection Commission).
finbots.ai is headquartered in Singapore and has offices in India (Hyderabad), the United Arab Emirates (Dubai), Indonesia (Jakarta) and Nairobi (Kenya).
For more information on finbots.ai, click here: https://www.finbots.ai/.
Your UnionBank Mastercard may be the key to a brand-new BMW
Union Bank of the Philippines (UnionBank) Mastercard credit cardholders, this is for you! UnionBank has teamed up with BMW for a Mastercard-exclusive raffle that is sure to enhance your credit card usage. Through this UnionBank Mastercard promo, cardholders can get a chance to drive home a brand-new 2023 BMW X1 simply by using their UnionBank Mastercard credit card!
Every P20,000 accumulated spend (from straight local or forex retail, bills payment, and installment transactions) earns five (5) raffle entries for a chance to win a brand-new 2023 BMW X1. Also, card transactions for grocery, gas, pharmacy, and utility bills have never been more rewarding, as cardholders can also win exciting eGCs through the promo’s official scratch game. Simply using their UnionBank Mastercard for every straight local or forex retail, bills payment, and installment transaction with a minimum amount spend of P200, gets cardholders an electronic scratch card for this game.
“Delighting customers at every turn is something that we at UnionBank are always very excited about, and the same can be said for BMW.” said UnionBank’s Cards and Loans Director, Vishal Kadian.
“More importantly, this collaboration is another way for the Bank to deliver a more rewarding experience when using the UnionBank Mastercard credit card, making every spend more enriching for customers.” concluded Kadian.
The promo is open to all active and existing principal UnionBank Mastercard credit cardholders who are in good credit standing. For details on how to qualify for the promo and other related information, visit www.unionbankph.com/bmw. Only successfully registered accounts will qualify.
The registration period is from August 1, 2023 to November 29, 2023, while the spend period is from August 2, 2023 to November 30, 2023. The raffle draw will be on December 12, 2023.
Keep using your UnionBank Mastercard credit card for more rewarding spends, and you could win a 2023 BMW X1!
This Press Release has also been published on VRITIMES
In an effort to accelerate the digital transformation of the fishery sector, GCash, the country’s leading mobile wallet, joined forces with Rare Philippines to empower the financial capabilities of the fisherfolk community in Sipaway Island in Negros Occidental.
Rare Philippines is an international conservation organization that helps communities adopt sustainable behaviors toward their natural environment and resources.
“It is vital that we empower our local fishery sector by providing them access to digital financial services that can help them thrive and grow their livelihood in the new normal. Our partnership with Rare Philippines can help educate and provide access to local fisherfolk on relevant products and services that can make their everyday lives better,” said GCash President and CEO Martha Sazon.
GCash and Rare Philippines will introduce GCash products and services to fisherfolk and vendors on the island. These GCash products include Send Money, Pay Bills, GSave for a savings account, and GLoans for loans of up to P25,000. Aside from providing them with a safe and convenient way of sending and receiving money, these products can also help them manage their budget for monthly bills and even empower them to start saving up for their future.
“Digital technology is indeed a very important factor in accelerating the transformation of the Philippine fishery sector. We are proud to work with GCash as we aim to further contribute to the government’s capacity-building efforts and make a difference in the lives of fishers and their families,” said Rare Philippines Senior Manager for Financial and Market Inclusion Flora Belinario.
With its clear vision of “finance for all,” GCash has also been advocating equal financial opportunities for other Filipinos, such as community organizations and micro, small, and medium enterprises so they can continue to grow their businesses and serve their customers amid the pandemic.
GCash previously launched its GCash QR payment feature with the Antipolo Market Tricycle Operators and Drivers Association (AMTODA), Antipolo Sumulong College Lores Plaza Tricycle Operators and Drivers Association (ASCLP TODA), and vendors at the Pasig City Mega Market and Farmers Market in Araneta City.
“In line with GCash’s vision of financial inclusion for all Filipinos, we also hold ourselves up to the highest standards, including the environmental, social, and governance (ESG) approach. From helping other leading companies to local communities of fisherfolk, we continuously strive to make each day better for all,” said Winsley Bangit, GCash Chief Customer Officer.
With over 60 million registered users to date, GCash continues to offer innovative, accessible, and relevant financial products and services for Filipinos to make their lives easier, better, and safer.
Not yet on GCash? Simply download the GCash app for free on Google Play or the App Store. For more information, visit www.gcash.com.
About GCash
GCash (G-Xchange, Inc.) is the #1 Financial App in the Philippines. Through the GCash App, customers can easily purchase prepaid airtime; pay bills at over 1,400k partner billers; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 5M partner merchants and social sellers; cash-in and cash-out at 232k partner agent network; and get access to savings, credit, insurance and invest money all at the convenience of their smartphones. GCash is a wholly-owned subsidiary of Mynt (Globe Fintech Innovations, Inc.).
GCash was recognized by The Asian Banker (TAB) and by the IDC in 2021 for its outstanding digital financial inclusion programs impacting more than 60 million Filipinos in the country today.
In early 2024, a new player entered the realm of game finance. 
According to Phantom Arena CEO Alan Hung, “Phantom Arena is a pioneering platform in today’s crypto landscape, designed to empower Web3 users worldwide. It serves as a comprehensive, ready-to-deploy ecosystem aimed at supporting projects facing challenges with utility and community engagement. 
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