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☄️ Publishing news from the crypto industry faster than anyone else ☄️ Promotion offers: @miaMybtc
💱 Stablecoins as a Solution for Bolivia's Dollar Crisis
🌍 In the latest edition of Latam Insights Encore, we delve into the potential role of stablecoins in revitalizing the Bolivian economy, which is currently grappling with a scarcity of dollars due to its fixed exchange rate policy. This policy, established in 2011, has led to a crisis as the government struggles to meet local demand for dollars. As a result, parallel dollar markets have emerged, where rates are 40% higher than the official rate, causing significant disruptions.
💡 To address this situation, a proposal has been put forward to implement a USDT index that would legalize the parallel rate by aligning it with the price of USDT in fiat currency. This proposal, which has been presented to a national senator, could unlock over 5 billion bolivianos in budgeted projects, providing a much-needed boost to the economy. The authors of the proposal, attorneys Iver von Borries and Javier Romero Mendizabal, argue that enshrining this approach in law would enhance security and trust in contractual relations.
🔄 Bolivia appears to be ready for this shift. Following the repeal of a blanket ban on using traditional payment methods for crypto transactions earlier this year, there has been a resurgence in crypto adoption within the country. This change in regulatory stance may pave the way for stablecoins to play a crucial role in stabilizing the economy amidst ongoing dollar shortages.
🚀 Bitcoin's Future: Predictions and Perspectives
🌟 Niklas Nikolajsen, the founder of Bitcoin Suisse, one of the oldest companies in the crypto space, foresees a significant rise in Bitcoin's price, even suggesting it could reach "seven figures." In an interview with the Neue Zürcher Zeitung, he expressed his views on crypto regulation in Switzerland and praised the US under President Trump as a leader in the industry.
📈 According to Nikolajsen, whose wealth is estimated between 200 to 300 million Swiss francs, Bitcoin's price will continue to climb. He stated,
The highest Bitcoin price is in the future.
I was one of the few who bought a lot of Bitcoin under a dollar... we are in a bull market that will last until spring... the Bitcoin price will one day even reach seven figures.
If the US actually managed to buy one million Bitcoin, all players would come under pressure... There would be a gold rush... The Chinese would be forced to act, as would other countries that had failed to establish their own Bitcoin reserves.
The authority doesn’t want crypto banks, but rather banks that do crypto... unfortunately, Switzerland is no longer the right place to start a crypto company.
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⚡️ Crypto Market Update: Core DAO Shines Amidst Volatility
📈 The crypto economy stands at approximately $3.41 trillion as of Saturday, with Core DAO (CORE) leading the charge by surging 31.92% against the U.S. dollar. Other notable performers include CRV, ENS, and THETA, which saw increases ranging from 28% to 31%. In contrast, Act 1: The AI Prophecy (ACT) experienced a decline of 13.39%, and Peanut the Squirrel (PNUT) fell by 5.2%.
📊 As of 8 p.m. Eastern Time, the global crypto trade volume reached $151 billion, reflecting a 9.28% decrease from the previous day. Leading the trading charts were Dogecoin (DOGE), Ethereum Name Service (ENS), Solana (SOL), and Stellar (XLM).
🚀 Among the top gainers, Core DAO (CORE) stood out with a remarkable 31.92% increase against the U.S. dollar. This marks a 69.8% rise over the past week and an impressive 112.5% increase in the last 30 days. Following closely was Theta Token (THETA), which jumped 30.37% on Saturday, while Curve DAO (CRV) saw a lift of 29%. Tezos (XTZ) also joined the rally with a 24.47% rise today.
📉 In the crypto derivatives markets, significant liquidations were observed across assets like XRP, DOGE, ENS, ACT, and WLD. Total liquidations amounted to $230.47 million, with $116.29 million in longs and $114.37 million in shorts wiped out.
➡️ Closing out November, ENS emerged as the week's standout performer with a staggering 97.76% increase, followed by TEL with an 87.09% gain. On the downside, RAY dropped by 10.24%, POPCAT fell 9.83%, and CRO dipped 8.15%.
⚖️ The latest shifts in the crypto market underscore its unpredictable and fast-paced nature, where significant gains are often accompanied by steep losses. As market participants navigate these dynamics, maintaining a balance between optimism and caution is crucial.
🧐 Currently, the Crypto Fear and Greed Index stands at 81, indicating "extreme greed." According to the CFGI, excessive investor enthusiasm can serve as a warning sign, suggesting that the market may be preparing for a correction.
🚀 Ripple's Strategic Investment in Fairshake: A $25M Commitment to Crypto Advocacy
💰 Ripple has made a significant move in its ongoing effort to promote crypto-friendly policies by contributing an additional $25 million to Fairshake, a bipartisan Super PAC that supports pro-crypto candidates. This marks Ripple's third consecutive $25 million donation to Fairshake, underscoring the company's long-term commitment to influencing the regulatory landscape.
🗣 CEO Brad Garlinghouse emphasized the importance of Fairshake in advancing pro-growth policies in Washington, D.C. He stated,
Fairshake is the most successful multi-candidate, bipartisan Super PAC in American history. Electing pro-crypto, pro-growth, and pro-innovation candidates is a no-brainer, and to continue that momentum, Ripple is contributing another $25M to Fairshake. Onwards!
When Fairshake first started, Ripple committed to being a top-tier supporter; before anyone knew what impact it might have.
Now, we’re making our third $25M contribution in as many years to the most successful PAC in U.S. history. Innovation is here to stay, and we will remain a strong force in D.C. for years to come.
This week’s federal court rulings striking down the SEC’s dealer rule and Treasury’s sanctions on Tornado Cash share a theme: Regulators don’t make law; they enforce it as written.
Is @trondao about to hit the big leagues?
With Trump in office, whispers are growing louder about TRON’s role in a U.S. national settlement system. Here’s what’s brewing: https://blockchainreporter.net/could-tron-blockchain-form-the-basis-for-the-u-s-national-settlement-system-under-trump/
#Blockchain #Crypto
📈 Pi Network Coin Price Surges As Key Deadline Nears 🚀
Explore why the Pi Network price is rising as the November 30 grace period for the KYC verification draws close
👉 Read more
➡️ US Dominates Crypto Scams and Failed Projects, Study Reveals
📊 A recent study analyzing over 1,500 crypto projects has found that U.S. founders are responsible for 43.4% of all identified scam crypto projects in 2024. This figure far exceeds the combined share of the next four countries, which stands at 19.76%. The report attributes this high percentage to the large number of innovative projects initiated by American founders.
As crypto adoption expands, understanding these trends will be key to fostering a more stable and reliable ecosystem,
🌍 Dennis Porter Advocates for Strategic Bitcoin Reserve Laws
➡️ Dennis Porter, CEO and co-founder of the Satoshi Action Fund, has recently open-sourced a document aimed at facilitating the international enactment of Strategic Bitcoin Reserve laws. He revealed that multiple lawmakers are already utilizing this legislative model, and hinted at the possibility of an executive order to implement it soon.
🟢 The potential implementation of a Strategic Bitcoin Reserve by the U.S. government is gaining significant media attention due to its far-reaching implications. The Satoshi Action Fund, which assists lawmakers in crafting bitcoin-related policies, has provided a comprehensive model to aid in drafting similar legislation.
📌 This open-sourced model outlines key justifications for adopting bitcoin reserves, such as inflation concerns and the obligation of states to protect their financial assets. It sets a benchmark of 10% for these reserves, stating that
the amount of public funds that the state treasurer may invest in Bitcoin may not exceed 10% of the total amount of public funds.
Our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators.
I’ve heard that the Trump team is considering an Executive Order for a National ‘Strategic Bitcoin Reserve’ in order to beat any state from passing it into law first.
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🚨 ALERT: Don't Miss Out on the SATOSHI•IHSOTAS Rune 🚨
If you're a collector or investor in the Bitcoin space, you need to check out SATOSHI•IHSOTAS, the first-ever palindromic rune inscribed on a rare Satoshi Nakamoto sat. This unique rune stands out not only because of its palindromic name and code, but also because it's tied to the legendary Satoshi Nakamoto sat.
🔑 Why SATOSHI•IHSOTAS is special:
🪙 Palindromic Rune: The name and the code are both palindromes, making it a true rarity.
🚀Followed by tons of bitcoin OG, Called by so many alpha hunters.
📈 Massive Growth: In just 10 days, the price has skyrocketed from 0.5 sats to 38 sats. Plus, the community has grown from 400+ holders to over 1,000 holders!
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OKX: https://www.okx.com/zh-hans/web3/marketplace/runes/token/SATOSHI%E2%80%A2IHSOTAS/867929:1702
🔥This is your chance to own a piece of Bitcoin history – SATOSHI•IHSOTAS is a one-of-a-kind item that you won’t want to miss.
Follow the project on Twitter: https://x.com/_SATOSHIIHSOTAS
🚀 CARV Node Sale is ON! 🚀
Don’t miss out on the chance to join CARV’s most exciting node launch yet—especially if you’re looking for a solid break-even period and unique buyback options!
💸 Current Selling Node Price: At 0.6154 ETH (Tier 16), each CARV Node generates around 7 $CARV tokens daily (about $6/day) with around 200-day break-even period—one of the shortest on the market! With CARV’s stable price, this setup offers both speed and stability.
🛡 Buyback Policy (Before 11.11 ONLY): For early buyers, CARV is offering a limited-time buyback policy up until November 11, giving you a rare chance to request up to a 100% refund if needed. Remember, nodes bought after 11.11 won’t be eligible for this buyback option, so now’s the time to take advantage of this added security!
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🤔 Trump's Promises to the Crypto Community: Will He Follow Through?
🚀 Former President Donald Trump is courting the cryptocurrency community with ambitious promises, aiming to secure their support with a pro-crypto agenda. He has made headlines by pledging to protect Bitcoin mining rights, oppose the establishment of a Central Bank Digital Currency (CBDC), and enhance America's position in the global crypto landscape. However, doubts remain about his ability to fulfill these commitments.
⚡️ In July, the Republican Party released a draft political program that emphasized cryptocurrency as part of its innovation agenda, alongside artificial intelligence and space exploration. The platform promised to
end Democrats’ unlawful and unAmerican crypto crackdown
anti-crypto crusade
🔗 Synthetix Plans to Acquire Kwenta for Enhanced DeFi Derivatives
🚀 The DeFi protocol Synthetix is eyeing the acquisition of Kwenta, a derivatives exchange that originated from Synthetix in 2020. On October 29, Synthetix and Kwenta governance forums published a proposal detailing the acquisition plans.
🔄 If approved, Kwenta will be rebranded as a new version of Synthetix Exchange. Its treasury will be integrated into Synthetix's treasury, and the governance structure of Kwenta will dissolve, transferring control to Synthetix’s Spartan Council.
💰 The financial terms include Synthetix purchasing the entire circulating supply of Kwenta, totaling 532,375 KWENTA tokens, for approximately 9.05 million newly minted SNX tokens, valued at $13.2 million. This transaction will inflate the supply of SNX by 2.8%.
📉 The acquisition will proceed at a ratio of one KWENTA for 17 SNX, representing a 19% discount relative to the 30-day moving average price ratio of KWENTA to SNX. Synthetix attributes this discount to the stark contrast in trading volumes.
🔄 Kwenta’s team has acknowledged the current market conditions make it challenging for token holders to unlock the value of their assets. The proposed migration aims to enhance liquidity for these holders.
📝 Upon approval, a token migration contract will allow KWENTA holders to burn their tokens in exchange for SNX vesting contracts. These contracts will have a three-month lockup period, followed by a nine-month linear vesting schedule.
➡️ Synthetix reflected on its past decision to separate its exchange front-end in 2020 as a “strategic error.” This move distanced the protocol from its end users and resulted in ineffective economic models for front-end integrations.
📈 Following the announcement, SNX’s price saw a 2.7% increase, while KWENTA experienced a decline of 5%. The proposal comes amid the growing adoption of derivatives products among risk-aware investors.
📊 As of now, trading in futures and options constitutes 71% of all digital asset trading volumes. The report also noted that open interest in crypto derivatives has crossed the $40 billion mark for the first time this year.
📈 For many traders, the primary allure of derivatives lies in their ability to amplify exposure through borrowing. As unsecured borrowing has become largely unavailable, traders are increasingly turning to derivatives to gain exposure to crypto assets without the need to commit full capital upfront.
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➡️ Exploring Fableborne: A Dark Fantasy RPG Adventure
➡️ Fableborne, developed by Pixion Games, is a mobile action RPG that combines strategic base-building with fast-paced PvP combat. Players can raid other kingdoms using unique heroes, each with distinct abilities. Defending one’s kingdom involves customizing defenses and deploying powerful Imperial Bosses.
♾ The game has been in development since 2021, with Season 3 now live as of November 20, 2024. It is available on Android and iOS platforms, embracing a free-to-play model with blockchain integration. The game features the “Primordials” NFT collection, granting holders in-game benefits. Recently, it transitioned from Avalanche to the ETH sidechain scaling Ronin network for improved performance.
👍 Fableborne is worth playing, especially for fans of action RPGs with strategic elements. It offers a mix of ‘Diablo’ and ‘Clash Royale’ gameplay, providing a polished experience with well-designed mechanics. The game appeals to a non-crypto audience due to its free-to-play model and traditional mechanics. While some aspects may feel repetitive, regular updates and seasonal content keep players engaged.
🔗 The Web3 elements in Fableborne are easy to grasp and enhance the gameplay without being intrusive. The game’s currency, POWER, serves as the primary token across Fableborne and future Pixion Games titles. Players can earn Fableborne Essence through in-game achievements, which determines eligibility for future POWER token allocations.
🌟 In conclusion, Fableborne offers a unique gaming experience that blends action-packed RPG mechanics with strategic base-building. With the launch of Season 3 and its transition to the ETH-based Ronin network, the game has elevated its appeal. Now is the perfect time to explore this innovative Web3 game!
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Vabble, a decentralized streaming service is about to take on Netflix and dethrone the king of streaming services. 📺
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@justinsuntron and $TRON just dropped $30M into @worldlibertyfi! 🇺🇸 This is HUGE for crypto and shows how serious the U.S. is about leading blockchain innovation.
Is this the push the industry needs? Let’s discuss!
#TRON #Crypto #DeFi
🟢 China's Gold Discovery: A Game Changer for Global Markets
🌍 A massive gold deposit has been uncovered in Hunan Province, China, with reserves exceeding 1,000 tonnes and an estimated value of $83 billion. The Geological Bureau of Hunan Province confirmed this significant find, centered in the Wangu gold field in Pingjiang County. Geologists identified over 40 gold veins located 2,000 meters underground, containing approximately 300 tonnes of gold.
Many drilled rock cores showed visible gold,
Gold was also found during drills around the site’s peripheral areas, unearthing promising prospects.
➡️ China Considers Changing Its Stance on Bitcoin Amid U.S. Policy Shift
🔄 Reports suggest that China may be reevaluating its negative stance towards bitcoin and cryptocurrencies due to the upcoming U.S. administration's more favorable approach to the crypto industry. This potential shift is seen as a direct consequence of President Trump's support for cryptocurrencies.
🌍 The geopolitical and financial changes advocated by President Trump seem to be positively impacting the global perception of bitcoin, with China reportedly at the forefront of this trend. There are indications that President Trump's ideas may have swayed President Xi Jinping's perspective on bitcoin, as China is considering holding onto its bitcoin reserves rather than selling them.
🗣 David Bailey, a key figure in President Trump's cryptocurrency campaign and CEO of BTC Inc., highlighted this shift, stating on social media:
I was told today by someone very much in the know that President Xi has completely changed his thinking on Bitcoin in response to President Trump’s leadership.
Guys, have you heard? 🤯 There’s a rumor floating around that Justin Sun might become Trump’s Web3 Advisor! 👀
If true, this could shake up the crypto and Web3 space big time. What do you think—is there any truth to it? 🧐
#Justinsun #Trump #TRX
🌍 Trump's Foreign Policy: Targeting BRICS and Reshaping Global Power
🔍 Political analyst Boris Mezhuyev predicts that U.S. President-elect Donald Trump will focus on disrupting the BRICS coalition as his main foreign policy strategy. During a roundtable in Moscow, Mezhuyev stated,
I think that Trump’s primary adversary will be neither Russia nor China, but BRICS itself.
There will no longer be such a task on the agenda. The looming challenge will be far more serious.
His policies will look to bolster American hegemony in key areas. Ukraine will not be a priority.
there will be attempts to oust China from Latin America.
He will seek to fragment the world majority, to upset the emerging unity. This non-Western world would be taken down.Читать полностью…
➡️ Brazil's Central Bank Set to Regulate Crypto Market for Traditional Finance
➡️ The Central Bank of Brazil is preparing to regulate the cryptocurrency market to allow traditional financial institutions, such as banks and brokerages, to participate more openly. This move comes with stringent regulations that may pose challenges for small crypto startups that have previously dominated the market.
⚖️ Local media reports suggest that many Brazilian crypto companies may struggle to meet the new requirements, including obtaining a virtual assets service provider (VASP) license. In contrast, traditional finance institutions are expected to have an easier time entering the market due to their existing compliance structures.
💰 Insiders indicate that the central bank plans to set minimum operational capital requirements for crypto businesses based on their activities. For intermediaries, this will be one million reais (approximately $174,000), while custodians will need to have two million reais. Brokers, who can perform both roles, will be required to register three million reais (around $522,000) in capital. This aims to ensure that institutions have sufficient resources to protect customers' capital but may limit the operations of micro crypto companies in Brazil.
🗣 Fabio Rodarte, an associate at Levy and Salomao, criticized the central bank's approach for treating all market participants equally. He stated,
the central bank could have established other authorization requirements in a manner proportional to the individual and systemic risks offered.
If you take everything we will have to report to the IRS, plus what we will have to report to the Central Bank, the tools we have will not be enough.
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🌐 Google Cloud Partners with Cronos Labs to Boost Blockchain Ecosystem
🟢 Cronos Labs, a blockchain startup accelerator, has announced an extended strategic partnership with Google Cloud. This collaboration positions Google Cloud as the primary cloud provider for the Cronos blockchain ecosystem, aiming to enhance its performance through technical innovation.
🔍 The partnership will focus on several key areas: onboarding Google Cloud as a Cronos validator, increasing developer adoption of both Cronos and Google Cloud at the intersection of AI and blockchain, and providing a value creation package for startups in the Cronos Accelerator program.
🗣 Ken Timsit, MD at Cronos Labs, emphasized the benefits of this partnership:
The partnership with Google Cloud brings tangible value to end-users and developers in several ways. First, it enhances the security and reliability of the whole network. Second, it makes the Cronos Accelerator program even more appealing to startups. Finally, it opens the door to the creation of a new generation of innovative decentralized applications using Google Cloud’s data processing, computing and AI capabilities.
🚀 Bitcoin's Mining Difficulty Surpasses 100 Trillion
📈 Bitcoin's mining difficulty has reached an all-time high of over 100 trillion, specifically at 101.65 trillion after a 3.94% increase. This metric measures the complexity of adding a new block to the Bitcoin blockchain and is adjusted approximately every two weeks based on the speed at which miners complete the previous set of blocks.
⏱️ The system is designed to maintain a consistent flow of Bitcoin supply and enhance network security. If miners add blocks too quickly, the difficulty increases; if they are slower, it decreases. The current figure indicates that miners must perform over 101 trillion hashes to discover a single block.
➡️ This rise in difficulty reflects the growing computational power and competition among miners. It also serves as a security measure, creating a significant barrier against attempts to manipulate the blockchain. Recently, the hashprice—the expected value per petahash per second of hashpower—dropped to $42.50 but has since recovered to $44.03.
📊 As of November 5, the network's hashrate stabilized at 724.07 exahash per second after peaking at 766 EH/s on November 1. This decline of about 42 EH/s indicates a more challenging environment for Bitcoin miners following the recent difficulty adjustment.
➡️ As the mining landscape becomes more competitive, miners are compelled to innovate and optimize their operations to remain viable. The new difficulty level marks a pivotal moment for those in the mining industry, where only the most resilient will succeed. While the network's stability appears robust, the increasing challenges highlight the ongoing evolution of Bitcoin's decentralized infrastructure.
🎃 Unlock SEED’s Spooky Codes If You Dare! 👻
This Halloween, SEED YouTube has more than just videos – it’s full of spooky surprises! 🤯 Each video hides a secret code, waiting to be spotted by watchful Seedizens.
ℹ️ Keep a close eye on every second, and you’ll see letters pop up on screen. Once you've cracked the code, enter it in the ▶️ Academy Section ▶️ and enjoy your rewards!
So, Seedizens, get ready to jump into the videos and search for these hidden letters. You never know what rewards are waiting! 🌈
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🎮 Quantix Capital Invests $1M in Tezos Gaming Initiatives
➡️ Quantix Capital, a venture capital firm from the UAE, is collaborating with TZ APAC, a key adoption hub for the Tezos blockchain located in Singapore, to enhance gaming development on the Tezos platform. This partnership includes a $1 million investment dedicated to supporting emerging gaming projects on Tezos.
💡 The two firms will offer not just financial support but also a network of mentorship from experienced members at Quantix Capital and TZ APAC. Their goal is to foster long-term growth within the Tezos ecosystem by equipping developers with the necessary resources and guidance for innovation in gaming.
🌍 Earlier this year, Farquhar VC, another Singapore-based venture capital firm, partnered with TZ APAC to support new talent in Asia. They plan to co-invest with the Tezos blockchain development team in upcoming Web3 games being developed on the blockchain.
🎨 Jake Seltzer, managing director of Quantix Capital, emphasized the firm's commitment to this collaboration, highlighting Tezos's potential for supporting innovative Web3 projects. He stated,
Our investment is not just financial; it’s a commitment to nurture creativity and innovation among builders who are shaping the future of gaming and interactive entertainment.
Tezos is all about real utility and empowering both players and developers to break free from traditional industry limitations. We’re focused on long-term growth, creating sustainable value, and enabling games to succeed through genuine engagement and user ownership.Читать полностью…