Day: October 16, 2023

Focus on BTC fundamentals, says Edward Snowden

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“We’re contorting ourselves to pass through the keyhole of tyranny.” Edward Snowden’s words ring out in the packed Genesis Stage hall at Bitcoin Amsterdam, stressing the preeminent cryptocurrency’s ever-increasing importance in a world beset by creeping government surveillance, devaluing fiat currencies and restrictive policies. The renowned whistleblower’s address summed up a recurring theme during the conference hosted in Amsterdam, driving home the role of decentralized protocols like Bitcoin and Nostr in handing individuals some semblance of control over their wealth and privacy. Cointelegraph spoke to prominent Bitcoin developers, investors, builders…

The Stablecoin Bill Is a Vital Upgrade for US Financial Plumbing

Today, digital currencies are poised to upgrade America’s decades-old financial plumbing, bolster the U.S. dollar, and make it easier, faster, and cheaper for families and businesses to send, spend, lend, and exchange their money. But this can happen only if Washington unites behind payment stablecoin legislation that puts financial stability and consumer safety first. Source

Bitcoin Spot ETFs Inch Closer to Reality in U.S.

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On Friday, a person familiar with the matter said the U.S. Securities and Exchange Commission wouldn’t appeal its loss in the Grayscale case. “The SEC’s decision not to appeal against a ruling that it was wrong to reject a spot BTC ETF is a clear testament that regulatory dynamics in crypto are evolving,” said Lucas Kiely, chief investment officer at Yield App in a note to CoinDesk. “While this by no means guarantees that Grayscale will convert its bitcoin trust into an ETF, the move does allow Grayscale’s application to…

Elliott Wave Theory Forecasts XRP Price Of $27 By 2026

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Renowned crypto analyst Egrag presented a compelling Elliott Wave analysis on the potential XRP price trajectory in a tweet today. Drawing attention to the inner workings of the Elliott Wave theory, he highlighted that XRP has entered Wave 3 in recent days, which in particular plays a transformative role in determining the course of asset prices. In Egrag’s words: “XRP aiming to $27 – Wave 1 inside Wave 3: Diving into the Elliott Wave theory as we explore the potential for XRP to reach $27! Wave 3 is typically a…

Solana Foundation to Provide Technical Support for Dubai DMCC Free Zone as Ecosystem Partner

The DMCC said it onboarded the Solana Foundation as one of its ecosystem partners for technical support and to build a robust ecosystem. The Solana Foundation has joined the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. The DMCC, a free economic zone in the United Arab Emirates (UAE), will receive technical support and business development aid from the Solana Foundation. An official announcement states that Solana Foundation’s support would be provided to the DMCC Crypto Centre, an ecosystem comprising Web3 and blockchain technology companies. The DMCC Crypto Centre provides for…

Crypto yield platform Haru Invest to suspend server

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Troubled cryptocurrency platform Haru Invest plans to suspend its server a few months after halting withdrawals in June 2023. Haru Invest is thinking of shutting down its server in order to reduce the server maintenance costs of services, the company’s CEO Hugo Lee announced on Oct. 16. The CEO emphasized that the server maintenance cost accounts for the “largest percentage of fixed costs” at Haru Invest and is a priority for the firm. “We plan to suspend the service in a few weeks, backing up all member information,” Lee stated…

Taylor Swift Makes Box Office History with Eras Tour Concert Film

In achieving this $95 million figure, Swift’s film broke the previous record for the largest opening weekend ever for a concert film. That mark was formerly held by Justin Bieber’s 2011 film “Never Say Never”, which opened to $29 million. Pop superstar Taylor Swift’s new concert film “Eras Tour” dazzled in its box office debut this past weekend. The highly anticipated film brought in massive ticket sales in its opening frame, shattering records and exceeding expectations. Eras Tour Impressive Opening Weekend Ticket Sales According to estimates from distributor AMC Entertainment,…

GameFi Token BIGTIME Up 250% After Launching Last Week

Last Wednesday, the cryptocurrency went live on several exchanges, including OKX and Coinbase. Since then, its market price has risen by 254% to $0.251, reaching a high of $0.32 at one point on Friday, Coingecko data shows. In the past five days, the total crypto market capitalization has increased just 2% to $1.056 trillion. Source BigTimeGameFiLaunchingTokenWeek CryptoX Portal