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🔥 Solana's Swift Recovery Ignites Bullish Sentiment: SOL Price Eyes $170 Rally
🔌 Outage Turnaround: Solana (SOL) faced a major hiccup, but the development team's prompt response with an upgrade and restart restored functionality. The incident surprisingly acted as a catalyst, with SOL/BTC surging by 4.5% in the last 36 hours.
💪 DeFi Dominance: Solana (SOL) outshines Arbitrum and Ethereum in DeFi volumes, boasting a market share of over 26% in January. The upcoming Jupiter airdrop is expected to further fuel DeFi activity, potentially pushing SOL toward the $120 mark.
💹 Inflation vs. Demand: While Solana (SOL) has an inflation rate ranging from 5.5% to 20.35%, the network's increasing utility and demand act as strong counterweights, suggesting that market sentiment could outweigh inflationary pressures.
📈 Bullish Breakout Potential: With Solana's (SOL) recovery, DeFi dominance, and the buzz around Jupiter, there's a bullish outlook. If SOL manages to break the $110 resistance level, brace yourself for a potential rally toward the impressive $170 milestone.
Keep an eye on Solana (SOL) as it continues to make waves in the crypto seas, navigating challenges with resilience and emerging stronger than ever before.
🚀 Bitcoin Halving: The Rocket Fuel for BTC at $240,000?
🔮 Scott Melker, the renowned "Wolf of All Streets," has shared his insights on the upcoming bitcoin halving in April 2024. In an article by The Street, he explains why this event could be a game-changer, potentially catapulting the price of bitcoin to a staggering $240,000.
⛏ When the mining of 840,000 blocks is reached, the reward per block will be slashed from 6.25 to 3.125 bitcoin. As Melker puts it, this means the new supply is cut in half, making it tougher for miners to profit from their efforts.
📈 Drawing from the previous halving cycle's success, where bitcoin surged from $20,000 to $69,000 (a whopping 250.86% appreciation), Melker suggests that if history repeats itself, we could see bitcoin hitting that eye-popping $240,000 mark.
💡 While some may dismiss these figures as mere hyperbole, Melker stands firm in his belief that if something's not broken, there's no need to fix it. He's betting on bitcoin's continued rise and wouldn't be surprised to witness it surpassing $200,000.
🌟 Melker isn't alone in his optimism. Industry heavyweights like Anthony Scaramucci and Tim Draper have also made bold predictions of $170,000 and $250,000 respectively. It seems more and more experts are envisioning a future where people lose interest in traditional currencies like the U.S. dollar.
🚫 Vanguard Takes a Stand: No Bitcoin ETFs for You!
📉 Vanguard, the investment giant with $8 trillion under management, has made its stance on crypto crystal clear. In a recent blog post, they explained why they won't be hopping on the bitcoin ETF bandwagon.
🛑 Despite the recent green light from the SEC for 11 new bitcoin ETFs, Vanguard is keeping its distance. Janel Jackson, Vanguard's global head of ETF Capital Markets, isn't convinced that crypto is more than just a speculative gamble.
💼 Jackson highlights the key differences between traditional investments and crypto, pointing out that while stocks and bonds have tangible value and generate income, bitcoin lacks these fundamental qualities.
🌐 However, Vanguard isn't completely dismissing the technology behind crypto. They're keeping an eye on blockchain's potential, exploring ways to make capital markets more efficient.
🔮 So, what about a Vanguard-branded bitcoin ETF? Don't hold your breath. Jackson asserts that until crypto proves its worth in the long run, it won't find a place in their carefully curated portfolio offerings.
📈When it comes to investment choices, Vanguard takes a meticulous approach. They prioritize enduring value and meeting their clients' needs. For now, it seems bitcoin isn't passing their rigorous evaluation process.
In a world where crypto is making headlines daily, Vanguard remains steadfast in its belief that this digital darling isn't quite ready for prime time.
🚀 To the Moon! Avalanche Foundation Unveils the Meme Coin Masterplan
🔍 Meme Coin Wishlist: The Inside Scoop on Eligibility Criteria
In an exciting move for crypto enthusiasts, the Avalanche Foundation spills the beans on the much-awaited eligibility guidelines for meme coins eyeing a piece of the $100 million Culture Catalyst fund. Get ready for this meme coin expedition with your bags packed full of uniqueness and value!
🤔 Hold On! Minnows in Charge: Diversification Made Cool
This grand meme coin adventure comes with a twist - the foundation wants the little guys to shine! Projects must have at least 2,000 individual holders, with whales reeled in at less than 60% of the supply. It's all about sharing the meme wealth and giving power to the community!
💰 Liquidity Is Key: Splash into the Market!
The foundation won't dip toes into shallow pools! For a meme coin to make a big splash, they’ve set the liquidity bar high: projects need at least $200,000 pooled in, with 50 liquidity providers, or a clever burn strategy that proves those tokens are scarce as El Dorado gold!
🌐 Digital Natives Take Center Stage: Born and Bred on AVAX
It's a local affair on the Avalanche ecosystem with meme coins that are AVAX through and through. This digital kinship is a must for eligibility, ensuring a seamless experience for all Degen Meme astronauts aboard the AVAX rocket.
💥 Standing Out in the Meme-Stream: The Market Cap Maverick
To make waves in the meme-verse, the project should have a fully diluted market cap reaching for the stars at over $1 million. The trading volume should also prove it's not just a meme in name, hitting the minimum of $100,000 over a two-week period on DEXes. Oh, the memes they shall fly!
🤖 AI and Crypto: The Dynamic Duo Unveiling a Future of Growth and Privacy
🚀 AI Meets Crypto: A match made in digital heaven! Grayscale's new study unleashes the exciting union of AI and cryptocurrency. Imagine a future with smarter privacy controls and a more decentralized power structure. It's not just sci-fi anymore!
⚡️ Skyrocketing Growth: You won't believe it! The four frontrunners in AI-adjacent crypto tokens (TAO, RNDR, AKT, WLD) have soared a staggering 522% in the past year. They're leaving traditional crypto sectors in the digital dust with only an 86% increase. Talk about outperforming!
🔥 Unlocking Potential: It's not just about profit; it's a glimpse into a future where AI and crypto join forces to tackle societal challenges. Grayscale's wizard researcher, Will Ogden Moore, spots this trend and signals it's time to pay attention. The digital writing is on the wall!
Remember, the future is here, and it's encrypted with opportunities! 🚀
📈 NFT Market: Wild Swings and Big Winners!
🚀 The NFT universe is a rollercoaster of thrills, with sales hitting a gargantuan $311.31 million this week! Although we've seen a drop with 69.40% fewer buyers and 68.09% sellers, the digital canvas is still buzzing!
🌐 On the blockchain battlefield, Bitcoin NFTs are the titans with over $107 million in sales, despite a 19% dip. Meanwhile, Ethereum flexes its muscles with a 18.29% increase, and Polygon steals the spotlight- rocketing sales by 81.33%!
⬇️ Solana's feeling the blues, with a 19.47% decline, while Avalanche and Flow dance to a rise of 46.83% and 25.65%, respectively.
🔝 Uncategorized Ordinals crown the week with a cool $22.68 million. Hot on its heels, Polygon's Gas Hero Common Hero NFTs explode with a 261% sales surge. And let's not forget the Bored Ape Yacht Club (BAYC), with a whopping 170% leap in sales!
💸 The NFT auction house was lit, with the “Lock Deal” from BNB chain fetching a hefty $452K. “Token Vesting Plans” from Polygon scored a smooth $299K, while a Cryptopunks #8,639 played it cool with a mere $240K hand-off.
🥳 The NFT space is a fiesta of digits and dollars, with networks like Arbitrum, Bitcoin, and Cardano bringing their A-game. Hold onto your pixels – it's a wild ride!
🎉 *ETHEREUM OUTSHINES AS BITCOIN ETF FEVER SIMMERS DOWN*
📈 The big crypto buzz? The SEC nodded 'yes' to 11 Bitcoin ETFs! You'd think Bitcoin would go bonkers, right? Wrong. It's been six years since the Winklevoss twins faced a 'no-go' for their trust, and now the market's just...meh. TradingView's Bitcoin chart whispers a tale of unexpected chill vibes.
🕵️♂️ Crypto sleuths are on the case! Some say blame it on the boo-boos – like that oopsie tweet from SEC and a mix-up report by Cointelegraph. Others talk about the old classic, "buy the rumor, sell the news." Everyone saw it coming, so the surprise factor? Kaput.
🚀 But hello, Ethereum's on fire! Post-ETF-party, it blasted to a cool $2,527 per ETH. TradingView's Ethereum chart is practically grinning. The crypto crowd can't help but stare.
🔮 Future-gazing time: with Bitcoin ETFs done and dusted, are we eyeing an Ethereum ETF next? The vibes are shifting, investors are winking at Ethereum, and the market's playing it cool, mature, even.
🚀 Bitcoin Bounces Back: The Decline in ‘Death Calls’ Heralds a Robust 2023
📉 Fewer Doom Prophets: 2023 played out with a dramatic drop in Bitcoin's obituaries. Just eight naysayers announced BTC's demise on 99bitcoins, signaling one of the quietest years for crypto pessimism since the early days.
😲 Flip-Floppers & Critics: Among the critics was John Reed Stark of SEC fame and CNBC’s Jim Cramer, who’s since made a public U-turn on his stance. The list was sprinkled with high-profile names, from JPMorgan’s Jamie Dimon to controversy-magnet Chamath Palihapitiya.
🔐 Expressing Doubt: Harvey Jones of Daily and Sunday Express made headlines, branding Bitcoin and its ilk as "a joke wrapped in a fraud." Yet, the market seems to disagree, moving unfazed by such claims.
🏦 The ETF Conundrum: Arthur Hayes warns of a Bitcoin future hampered by ETFs. The idea of a select few holding all BTC could spell disaster, predicting an eerie scenario for the pioneer cryptocurrency.
➡️ Since the Bitcoin Obituaries list started in 2010, it has chronicled 475 declarations of Bitcoin’s impending doom. Still, the big story isn't the number of obituaries but the persistent resilience and growing acceptance.
In conclusion, while Bitcoin's detractors have rung its death knell multiple times, the cryptocurrency seems to possess quite the fighting spirit. With 2023 demonstrating a notable decline in doomsaying, one might wager that BTC is far from ready to take a permanent dip in the digital pool. Indeed, as each 'death call' echoes and fades, Bitcoin's heartbeat only grows stronger, continuing to challenge skeptics and embrace its role in the financial world of tomorrow.
🤑 Trump Cashes Out: Ex-President's Million-Dollar ETH Play
💸 Kicking Off with Big Sales
Recent buzz in the crypto world is about Donald Trump shedding sizable ETH holdings A keen observation by crypto intelligence firm Arkham points to Trump liquidating 1,075 ETH, estimated at around $2.4 million.
🖼 NFTs to Crypto
After dabbling in three NFT collections, including the talked-about Mugshot Edition, it seems Trump is turning art into action. The collections, which began last December, have added a new trend to his portfolio — converting NFT sales into Ethereum.
📈 Dressed for Dinner: NFTs with Benefits
The Mugshot Edition not only offers digital art but throws in a piece of history — a fragment of Trump's suit With 47 cards, one can snag an invite to dine at the luxurious Mar-a-Lago. A physical plus digital collectible—how's that for a combo?
🔎 Following the Transactions
Arkham's detectives didn't stop at $2.4 million. After further sleuthing, an additional 250 ETH makes its way to Coinbase post-analysis, totaling sales over 3 million. We're not just witnessing a sale; it’s a major sign-off.
📊 NFT Ventures: Lucrative for Licensing
Trump's connection to NFTs isn't just creative; it's lucrative. With his image licensing bringing in $9.7 million, Ethereum income is stacking up. A Federal Election Commission (FEC) filing revealed a crypto wallet holding at least $1 million in ETH.
👀⚡️Billionaire Mark Cuban Offloads Polygon (MATIC)💰 Holdings To Coinbase, Price Fell 5%📉😳
👉 Read more
⚡️Ripple Executive Predicts ‘Breakout Moment’ for Crypto Institutional Adoption
❕Ripple’s president, Monica Long, has made some bold predictions about the future of crypto and blockchain over the next 12 months. She highlighted the increasing involvement of traditional financial players in the crypto space, emphasizing partnerships and integrations with crypto-native companies by major names like Fidelity, Blackrock, Paypal, and Visa.
➡️ Long envisions a "happy marriage" between blockchain and traditional banks, emphasizing that blockchain will not replace banks but will offer benefits such as instant cross-border payments without hefty fees. She foresees that crypto can provide unparalleled utility for institutions, benefiting both merchants and consumers.
💡 Key Insight: Long emphasized that while many companies appreciate the benefits of crypto, they prefer it to work seamlessly without requiring them to become experts in it. She believes that 2024 could be the breakout moment for institutional adoption of crypto for real-world utility, provided a compliance-first mindset is embraced.
🚀 Long predicts that in 2024, the industry will break the speculative hype cycles and pave the way for real-world utility at scale, focusing on compliance, usability, and integration with existing systems. She also anticipates a pioneering breakthrough in compliance for decentralized finance.
👉 Expert Perspectives: Other Ripple leaders and firms such as Bitwise and Vaneck have also shared their crypto outlook for 2024, aligning with Long's vision of the industry's direction.
📎In summary, Long believes that the current "crypto winter" presents an opportunity for serious builders to work on solving real-world problems in the financial infrastructure with blockchain, emphasizing the need for a compliance-first approach and building compliance tooling in a decentralized environment.
🌍 US Ambassador Hails Bitcoin Miner’s ‘Genius’ Flared Gas Power Generation Plans
👉 The United States Ambassador to Argentina, Embajador Marc R. Stanley, has praised bitcoin miner Unblock Computing’s plan to generate electricity using flared gas. According to Stanley, Unblock Computing and its partner Crusoe Energy Systems’ ingenious plan not only helps the South American country attain its climate goals but also saves energy.
🔍 The remarks by Stanley, which he shared via X (formerly Twitter), followed reports that the Argentine Bitcoin miner had secured a $15 million investment to power its operations at Vaca Muerta. Located in the Neuquén Basin in northern Patagonia, Vaca Muerta is said to hold one of the world’s largest shale gas reserves.
➡️ Expressing his delight at the two companies’ unique way of generating electricity, the U.S. Ambassador said:
"Love seeing U.S. [and] Argentine companies work together to solve problems and help the environment. The geniuses at Crusoe [and] Unblock Global figured out a way to combust methane and generate electricity. This not only helps Argentina meet its climate goals, but also saves energy and makes money. Brilliant."
🌱 Meanwhile, in a Dec. 13 post on X, Tomas Ocampo, the founder of Unblock Computing, said the $15 million investment is set to help Crusoe Energy Systems and its partners produce $200 million worth of oil with fewer emissions.
⭐️ Palau Declares First Phase of Stablecoin Pilot a Success
📊 Results and Popularity of PSC
The pilot, which launched in June 2023 with the involvement of 200 volunteers, used Ripple Ledger technology as a backbone for controlling wallet transactions. The Ministry of Finance (MOF) of Palau informed that more than 700 transactions were completed during this phase, with more than 400 being payments to retail merchants.
👍Positive Feedback from Participants and Retailers
The report states both participants and retailers had good experiences during the pilot and that PSC was positively received as a digital payment system, even after facing opposition from some government officials.
🚀 Plans for Future Phases
While there is no explicit mention of a second phase for the PSC pilot, the MOF stated that “the long-term objective is to implement PSC nationally as a convenient and cost-effective way of payment,” hinting at the continuation of the project in the short term.
🎯 Improving Reach and Compliance
For this objective, the pilot will aim to improve its reach, allowing more financial institutions, retail businesses, and individuals to participate in the payments network. The report also calls for the organization of educational campaigns to show the general public the benefits of using this digital cash alternative. Further, the MOF declares that subsequent phases of the pilot will focus on compliance, given that the PSC is a dollar-pegged digitized token.
➗➗➗➗➗➗➗
The first phase of Palau's stablecoin pilot has shown promising results, with positive feedback from participants and retailers. As the project moves forward, the focus on improving reach and compliance, as well as establishing a legal framework for security and transparency, will be crucial for the successful implementation of PSC nationally.
🐳 Mystery Bitcoin Whale Resurfaces, Transfers 1,000 BTC Worth 41M From String of 2010 Era Addresses 🐳
⚡️ The famous Bitcoin whale has struck again, transferring 20 block rewards equivalent to 1000 bitcoins (41.87 million). This isn't the first time this whale has made such a move - similar transactions were made at the beginning of the bull market in late 2020 and in 2021.
🪙 The whale's activity involved 20 addresses that stored block rewards from as far back as 2010, with each wallet spending 50 BTC at block height 819,796. The addresses were created in August, September, October, and November of 2010.
💰The total value of the 1000 BTC transferred amounts to 41.87 million, all of which was moved to another wallet. There's a high likelihood that this whale is the same early adopter identified by Bitcoin News back in 2020. From late 2020 to March 2021, Bitcoin tracked this same whale as they spent over 10,000 BTC using identical spending methods.
📊 It's always intriguing when a Bitcoin whale resurfaces, especially one with such a significant amount of BTC from the early days. The mystery surrounding their identity and the reasons behind these large transactions adds an air of excitement to the crypto space.
➗➗➗➗➗➗➗
⚫️In conclusion, the resurgence of this mystery Bitcoin whale and their hefty transactions from decade-old addresses has once again captured the attention of the crypto community. Stay tuned for more updates on this fascinating story!
🚀Dogecoin (DOGE) And Pepe (PEPE) Blast Off: Embark On The Bullish Journey 🌙
🔥DOGE and PEPE Making Waves
Dogecoin (DOGE) and Pepe (PEPE) are capturing the market's attention with their latest developments. DOGE is on a mission to the moon, funded by the DOGE community, while Pepe is transferring tokens to Binance for future campaigns. Both tokens are experiencing price fluctuations as a result of their strategies.
💰 Scapes Mania (MANIA) Gains Attention
Scapes Mania (MANIA) is gaining attention as a promising project in the crypto space, adding to the excitement in the market.
📈 Analyzing DOGE and PEPE Prices
Analysis of Dogecoin (DOGE) prices suggests a positive trend with caution, while signals for Pepe (PEPE) are ambiguous. Traders should be mindful of support and resistance levels for their trading strategies and manage risks wisely in the crypto market.
Are you ready to embark on this bullish journey with DOGE and PEPE? Stay tuned for more updates and ride the wave of excitement in the crypto market! 🚀🌙
🚫 Beijing Cracks Down on Crypto Miners in Green Push
🏭 In a bid to bolster energy conservation, Beijing is turning its attention to cryptocurrency mining. The Chinese capital has unveiled a fresh set of policies aimed at curbing carbon emissions and promoting green energy.
⛏ Among the sectors facing scrutiny are construction, transportation, industry, information technology, and crypto mining. Beijing vows to clamp down on virtual currency activities and ensure a clean slate for the city.
📉 This move aligns with China's broader stance on cryptocurrencies. Last year, the country banned all forms of crypto mining and trading, citing environmental concerns.
🌍 However, reports suggest that some Chinese miners are still in operation, contributing 21% of the global network's computing power. The US leads the pack with 38%.
💡 Additionally, Beijing plans to inspect energy-consuming units to crack down on illegal energy use. Industries flouting conservation norms could face penalties as the city strives for an eco-friendly future.
🚨 SEC Backtracks on Debt Box Lawsuit, Facing Accuracy Issues in Court
🔍 The U.S. Securities and Exchange Commission (SEC) is withdrawing its legal battle against crypto firm Debt Box, after admitting to inaccurate statements made during the case.
💼 Initially targeting Digital Licensing Inc., operating as Debt Box, the SEC accused the company of defrauding investors of $49 million by offering unmined "node licenses." This was part of Chair Gary Gensler's broader crackdown on crypto, asserting most are securities.
⚖️ However, things took a twist when Judge Robert Shelby criticized the SEC's lawyers for misleading claims and demanded explanations. The agency had alleged an asset transfer overseas to dodge U.S. jurisdiction, which the judge found misrepresented.
📜 In response to the court's order, the SEC filed a statement acknowledging its shortcomings but argued against sanctions, opting instead to dismiss the lawsuit without prejudice.
🤔 The SEC's move has raised eyebrows in legal and financial circles, given its tough stance on crypto regulation. Debt Box's legal team fired back, calling out the agency for getting it "badly wrong" and pushing a false narrative.
🤐 While the SEC has remained tight-lipped beyond its filings, this development leaves room for speculation about future actions in the ever-evolving world of cryptocurrency regulation.
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📣Pokémon: Unlikely Key in Coinbase's SEC Battle
🤔 Unprecedented Argument: Pokémon's Ecosystem
Coinbase's Chief Legal Officer, Paul Grewal, has brought an unexpected example to the table in the exchange's ongoing clash with the SEC over the expanding definition of securities.
🗯 A Deck of Cards with an Ecosystem? Pokémon Says Yes!
Grewal argues that Pokémon cards, the beloved Nintendo franchise, provide a fitting analogy to dispute the SEC's stance. In a recent blog post, he highlights the gaming phenomenon's evolution as an ecosystem unto itself.
🏰 Judge Failla's Skepticism Echoes Grewal
Backing Coinbase's unease, Judge Katherine Polk Failla expressed doubts about the SEC's foray into a broader definition that may encompass even collectibles. She is wary of painting everything with the security brush.
🌱 Iterating on Nostalgia: Pokémon's Ever-Growing Universe
Grewal points to a fascinating article on Pokémon's journey, where each new game expands upon the ecosystem, making it more dynamic and appealing to players. This rings true for the tokens in question, insists Grewal.
As Coinbase and the SEC battle it out in court, Pokémon cards surprisingly emerge as a symbol of resistance against an SEC-wide net cast too wide.
🚀 Google Cloud Powers Up Flare Network Leading to FLR Price Boost!
🤝 Google Cloud has hopped on board the Flare network train, and oh boy, the blockchain's got a new whistle! With Google validating transactions and pitching in with the Flare Time Series Oracle (FTSO), we're talking major league expansions in blockchain functionality.
🌐 Hugo Philion is stoked! Google Cloud diving into the decentralized data pool? It's like finding treasure in your own backyard. This tag-team is setting the stage for some seriously smooth smart contract evolution.
🔧 Over at the Google Cloud corner, James Tromans is all about those scalable data access gains. He's on a mission to rocket blockchain utility into the stratosphere, and becoming a Flare validator is his spaceship.
📈 Post-newsflash, FLR's value went through the roof like it's on a sugar rush - we're talking a whopping 20% spike! At over $700 million market cap, FLR tokens are partying hard in the green zone.
Last news: BTC ETF Approved!🚀
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🧨 Bitcoin's Battle Royale: Capping Data Transactions Sparks Fiery Developer Debate
🚀 Bitcoin's Development Saga Continues! The latest controversy to rock the Bitcoin community revolves around a proposal titled “datacarriersize: Match more datacarrying.” This bold initiative, introduced by developer Luke Dashjr, seeks to redefine how data transactions are handled by the Bitcoin protocol. Supporters argue it's a move to combat spam, but opponents see potential harm in restricting data-bearing transactions.
🗣 Opinions Clash Over Implications! While some stood by the proposal, heavy hitters like Peter Todd emphasized the significant fee revenue miners garner from these transactions. Conversely, Chris Martl highlighted the burdensome costs for node operators, warning against the implications of such changes on the existing mempool economy.
🛑 Core Values or Misguided Measures? Developer Pieter Wuille, a.k.a. "Sipa," rejected the proposal, asserting it's against the interests of software users. He stresses that ignoring transactions undermines predictability and doesn't eliminate the need for validation. "Choosing to not see them is burying your head in the sand," Wuille eloquently points out.
💥 Heated Debates Prompt Lockdown! The discourse became so intense that it took an unforeseen turn. Bitcoin maintainer Andrew Chow stepped in, halting the debate due to its unproductive stalemate. The vigorous back-and-forth was deemed too controversial to continue.
As the smoke clears, the Bitcoin community finds itself at a crossroads, reflecting on the passionate and varied thoughts on its direction. This debate may have ended without resolution, but it certainly leaves an unforgettable impression on Bitcoin's collective journey.
🖼 NFT Market's Wild Ride: Sales Dip but Activity Hikes!
📉 The NFT landscape has been a rollercoaster ride this past year, folks! While the sales numbers took a 63% plunge from the dizzying heights of 2022's $23.74 billion, they've nestled at a cozy $8.70 billion in 2023.
🚀 But it's not all downhill - the transaction count skyrocketed to 90.6 million! That's a leap over the previous year's 54.8 million. More NFT enthusiasts are joining the party - we've seen 4.16 million sellers and 4.97 million buyers mixing it up this year!
🔁 Surprising twists in the NFT marketplace: Bitcoin and Solana threw some punches at Ethereum's throne late in the year. November and December saw Bitcoin NFTs go through the roof, and hey, they've now snagged the fourth spot in sales!
🏆 Meanwhile, Axie Infinity holds onto the title belt despite challengers like Bored Ape Yacht Club (BAYC) and Cryptopunks. Though BAYC's floor value did a somersault from about $84K to $60K, they're still a heavyweight in the ring.
🎓 How Robert Kiyosaki Turned Resources into Riches - Insights from the 'Rich Dad Poor Dad' Author
🌟 The Secret's Out!
Investment wizard and "Rich Dad Poor Dad" author Robert Kiyosaki spilled the beans on social media platform X, revealing his wealth-building magic trick: it's all about resources, not tech!
💰 Hitting Paydirt: A Gold Miner's Tale
Kiyosaki reminisces how he struck it rich. Starting out at the Vancouver Resource Investment Conference (VRIC) 25 years ago, he found more than just gold; he discovered a treasure trove of knowledge and experience in resources.
🔑 The Golden Tip for Young Investors
One golden nugget of advice from Kiyosaki: keep your ears to the ground and learn from real-life experiences. Out with "fake" textbook knowledge, in with firsthand wisdom from seasoned miners!
💼 Cashing In: Gold, Silver, and... Copper?
At the conference, Kiyosaki isn't just a spectator – he's a player. This year, he's eyeing gold, silver, and copper. His track record? He's already hit jackpot with a silver mine in Argentina and took Trixie Mine public!
🛒 Ride the Resource Wave; Grab Gold, Silver, and Bitcoin
The "Rich Dad" isn't just about precious metals. He's also gunning for bitcoin as a top pick for uncertain times. Kiyosaki's mantra: buy now or miss out on the BTC train.
📣 U.S. Crypto Community Rallies Against Proposed Ban
🚀 Cry for Innovation: Digital Currency Aficionados Rebel!
A digital uproar is underway! The "Stop The Crypto Ban" petition on Change ignited by the Chamber of Digital Commerce is erupting like a blockchain volcano. Nearly hitting 10,000 signatures – it's the voice of the people chanting for their crypto rights!
🔥 The People's Ledger Against Legislative Battle
“No to the Crypto Ban!” – that's the battle cry of the concerned netizens. Taking a stand against the Digital Asset Anti-Money Laundering Act championed by 19 senators, it's like David vs. Goliath in the digital realm.
🤝 Uniting for a Future Woven with Digital Threads
Senator Warren and her posse might have their sights on regulation, but the Chamber is lighting the torches of innovation. They're shouting from the rooftops – "Don't let this bill snuff out America's digital flame!"
🌐 Championing the Digital Domain
The chamber isn’t holding back. They’re painting a future splashed with digital currencies enhancing the economy, kindling innovation, and safeguarding user freedom. “We won't vote for any senator backing this bill in its current form,” they vow, defending the digital universe with every signature.
✊ A Call to Dollars and Sense
With a united voice, the crypto crusade demands – "Senators, herald innovation, don't hamper it. Shape the future, don't shrink it." The question now – will the digital chorus sway the hearts of the legislative titans?
🍵 tea announces full website launch with incentivized testnet right around the corner🍵
tea is a decentralized technology protocol that rewards open-source developers for their software contributions. tea uses blockchain technology to support a digital token known as TEA. The tea protocol was co-founded by Max Howell, the creator of Homebrew—the software package manager used by tens of millions of developers worldwide.
In their latest update, tea announces a trial version will be live soon, and users will have a chance to earn points that may be redeemable for blockchain tokens in the future. They also discuss their tokenomincs and the need for a token. If you have uploaded a package already, you can check to see the teaRank.
👉🏼 Learn more: https://tea.xyz/?utm_source=direct&utm_medium=organic&utm_campaign=test_campaign&utm_kol_name=btctrunk
🌟 Treasury Secretary Yellen's Economic Outlook 🌟
In a recent interview with CNBC, U.S. Treasury Secretary Janet Yellen discussed the state of the U.S. economy, emphasizing the progress made in reducing inflation. She also addressed the potential risk of a recession and the likelihood of a soft landing for the economy in 2024.
📉 Inflation and Consumer Spending
Yellen acknowledged that while inflation has come down, there is still work to be done to reach the Fed's 2% target. However, she highlighted the solid nature of consumer spending, indicating optimism for economic stability.
💰 Soft Landing and Growth Outlook
The Treasury Secretary expressed confidence in the U.S. economy's ability to achieve a soft landing, with a reasonable chance of continued growth in 2024. This positive outlook reflects her belief in the gradual improvement of economic conditions.
📈 Interest Rates and Federal Reserve Policy
Yellen discussed the potential for interest rate cuts next year, noting that as inflation decreases, it is natural for interest rates to follow suit. She emphasized the Federal Reserve's dual mandate of managing inflation and economic strength.
📉 Crypto Exchange Binance Drops Abu Dhabi License Application as Global Needs Shift
🌐 Cryptocurrency exchange Binance has reportedly withdrawn its application with Abu Dhabi’s financial regulator. A spokesperson for Binance said on Thursday: "When assessing our global licensing needs, we decided this application was not necessary."
📝 According to Binance’s website, Abu Dhabi-based Binance (AD) Ltd. received conditional financial services permission from the Financial Services Regulatory Authority (FSRA) on Nov. 15 last year to provide crypto custody services. The regulator’s website details: “Binance (AD) Limited is not permitted to deal with retail clients, as defined in the FSRA’s Conduct of Business Rulebook (COBS).”
💼 Last month, Binance founder Changpeng Zhao (CZ) resigned as CEO after pleading guilty to violating U.S. anti-money laundering laws, and the crypto exchange agreed to pay over 4.3 billion as part of the settlement with U.S. authorities.
🌍 This year, Binance withdrew from a licensing process in Germany, retracted from Cyprus, and announced its exit from the Netherlands. The decision to withdraw from Cyprus was explained as a strategic move to concentrate on fewer regulated entities in the EU, with a focus on France, Italy, and Spain, in anticipation of the European Union’s crypto asset regulations rollout.
🔍 Moreover, regulators in Australia revoked the financial services license of Binance’s derivatives business. In the Philippines, the securities regulator initiated the process of blocking Binance last week.
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🚀The Binance spokesperson emphasized on Thursday that the crypto exchange would continue to work with regulators “to provide world-class services and offerings in the Middle East and beyond.”
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🆕 BNB’s Tech Roadmap for Opbnb Targets 10,000 Transactions per Second
🖥 On Nov. 29 the BNB chain unveiled what it called a tech roadmap for Opbnb, a layer two (L2) solution within its ecosystem. The goal of the roadmap is to make “blockchain more accessible, with the design principles based on making the Opbnb network more efficient for users and developers.” To achieve this, the roadmap is targeting 10,000 TPS (transactions per second) for transfers as well as “a price reduction of ten times on Opbnb.”
➡️ The unveiling of the six-month roadmap came just days after the transaction count on Opbnb tapped a new all-time high of 5.47 million. This milestone was achieved when “the network handled the full capacity of 100M gas per second smoothly in a single block.” This is said to have resulted in the network processing 645 minting transactions per second.
➡️ Meanwhile, in a statement, the BNB Chain core development team praised the Opbnb community for being instrumental in the L2’s success so far. The team also noted that the community’s efforts can prove to be potentially vital in the development of decentralized applications.
💵 As explained in the statement, Opbnb is also aiming to reduce transacting fees from $0.005 to $0.001 in the last quarter of 2023. In the first quarter of 2024, the objective is to increase capacity from 100M to 150M. Between Q2 and Q3 of 2024, the goal is to lower the gas limit per block increase from 100M to 200M and achieve a transaction per second milestone of 10,000.