Vanar proudly sponsored the startup competition at Innovate 4.0 during ITCN Asia Karachi— the biggest event of Asia with a staggering 50,000 footfall! 👨‍💻👩‍💻 15 tech startups competed for the prize in front of hundreds of attendees and judges from reputable institutes, including execs from PASHA, Ignite, PSEB, Bahria university and Ideo Fuzion. Our team engaged with multiple attendees and 200+ signed up to use Vanar blockchain and our tools.

📂 L’Argentine a besoin d’instruments financiers libres. Depuis des décennies, l'Argentine 🇦🇷 subit des crises économiques répétées, érodant la confiance dans sa monnaie. Dans ce contexte, le #Bitcoin peut-il être la solution ? 🤔 Notre dossier 👇 https://cryptoast.fr/argentine-besoin-instruments-financiers-libres-bitcoin-solution/

🚨 Vitalik Buterin's $2.01 Million ETH Transfer Sparks Hope for Ethereum Price Recovery 🚀 $ETH 🌏⤴️🪙 {spot}(ETHUSDT) Ethereum co-founder Vitalik Buterin has transferred 2,100 ETH (approximately $2.01 million) from his wallet to an unknown address 🤑. This move has sparked speculation and optimism among investors, potentially indicating a bullish signal for Ethereum's price recovery 📈. _Possible Reasons Behind the Transfer:_ 1. _Charitable Donation 🎁_: Vitalik might be donating to a worthy cause, as he has done in the past. 2. _Investment or Partnership 🤝_: The transfer could be related to a new investment or partnership, potentially benefiting Ethereum's ecosystem. 3. _Personal Financial Management 📊_: Vitalik might be diversifying his portfolio or managing his personal finances. _Market Impact:_ 1. _Increased Optimism 🌈_: The transfer has sparked hope among investors, potentially leading to increased optimism and bullish sentiment. 2. _Price Surge 🚀_: Ethereum's price might experience a surge due to the perceived positive signal. 3. _Market Confidence 💪_: The transfer could boost market confidence in Ethereum's future prospects. _Keep in Mind:_ 1. _Speculation 🤔_: The true reason behind the transfer is unknown, and speculation should be taken with caution. 2. _Market Volatility 📊_: Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Stay tuned for further developments and keep an eye on Ethereum's price movements! 🔍

What is Gravity , Gravity Chain⁉️🤔 Heres All you need to know it ⚡💥

🗞️The High Life #8 is here! ⚔️In this edition, we’re not only offering more tantalizing details about the upcoming live #VR demo, but also introducing you to the artist behind our beloved @fomoduck ⛵️Plus, the journey to uncover Vesa continues as we dive deeper into #Highstreet’s ever-expanding lore. 🔗

Do you know about Web3 Pi yet? If you're an #Ethereum enthusiast, you definitely should! 🛠️ Web3 Pi simplifies running your own Ethereum node on a Raspberry Pi, giving you direct access to Ethereum blockchain data with minimal effort and cost. 👀 Next week, we'll be at @ETHWarsaw 🇵🇱 and Web3 Pi will be there too! Stay tuned for more details about their participation! #Web3Pi #RaspberryPi #ETHWarsaw2024 #GolemNetwork $GLM

🚀 $CORE is Leading the Bitcoin Scaling Revolution! 🚀 20M+ unique addresses 275K daily transactions $315M+ in TVL 7.2M+ CORE token holders $CORE is proving its mettle in the Bitcoin ecosystem, with numbers that showcase its unmatched scalability and robustness. The 806K+ active accounts in June and 82K+ Unique Active Wallets on DappRadar are just the tip of the iceberg. 🧊 At its core (pun intended 😉), the Layer 1 solution powers this impressive growth, delivering top-notch security and reliability for a rapidly expanding network. But how does it compare to the competition? Stacks: ~$100M TVL 182 UAW (DappRadar) 583 7-day transactions (DappRadar) 130K active accounts in June (Source: Stacks Twitter) The numbers speak for themselves. #bitcoin #ad

SignalPlus Vol Commentary (30 Aug 2024)

Regenerative finance is an alternate financial system that focuses on promoting and restoring #sustainability and resilience along with monetary gain. Through tokenization, blockchain is fuelling #ReFi, empowering communities, and financing #EcoFriendly initiatives.

$NOT ，$TON & $DOGS Analyse Updates This morning, I was ecstatic to say that NOT might be able to regroup, but looking at the market situation 10 hours later, it is not optimistic now. #NOT🔥🔥🔥 Please see that there is a blue diagonal line in the first chart(pic1). As long as the price can stand on this restraining diagonal line, NOT will be alive. But at this moment, NOT has fallen below the restraining line, which is actually very worrying. If NOT continues to fall to the next support point, about 0.005USDT. Then NOT will go through a long period of adjustment and silence. Let's take a look at the second chart again(pic2), and we see a glimmer of hope. Below the restraining line, a long-legged red candle appears, which is likely to end the drop. The final result, that is, whether this timely reversal is true, if it is true, can it successfully send NOT out of the restraining line? Or does this candle just push it to consolidation ? We will know the final result in a few hours. #TON Let's take a look at TON(pic4) is also falling, and it has not fallen through yet. Looking at this chart, it is obvious that it is halfway down. But it also shown a 40% chance of rebounding. This also needs time to prove. #DOGSONBINANCE DOGS (pic 4) Let's take a look at the newly listed DOGS Memecoin under the TON chain. It has just been born and there is little information to see.However, what makes me feel positive is that the current price of DOGS is above the center of pink oscillation, so it is very likely to rise. But we still have to wait for the opportunity. What opportunity are we waiting for? Wait until it completely gets rid of the pink oscillation zone, and if its price is higher than the oscillation zone, then in the short term, the price of DOGS may rise. Yes, we are traders and investers, 80% time are waiting. At last,good luck to TON chain coins, I personally love them, wish them the best. #BinanceSquareFamily #Write2Earn! {future}(NOTUSDT) {future}(TONUSDT) {future}(DOGSUSDT)

Explore the power of mass deliberation for Mina Governance! Deliberation is a powerful tool that can help overcome individual cognitive biases and challenge ways of group thinking, all while building trust among participants 🧠 Learn more: https://minaprotocol.com/blog/mina-as-a-lab-for-deliberation

Pythian art of the week 🔮 👨‍🎨  Blade, @shaianeviana, @NOAH_SOL_DEGEN and theRoad

Singapore, Hong Kong and UAE lead in crypto adoption: Report

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**Crypto Adoption: Singapore Takes the Crown! 🏆** - **Singapore** has clinched the top spot in the Henley Crypto Adoption Index 2024, scoring 45.7 out of 60. The country's supportive banking system and comprehensive regulations, like the Payment Services Act, have fostered a crypto-friendly environment. - **Hong Kong** isn't far behind, scoring 42.1. Its tax-friendliness and advanced digital infrastructure make it a crypto haven. - **UAE** scored 41.8, excelling in tax-friendliness and innovation. The nation's startup scene and government support are fueling crypto enthusiasm. Stay tuned for more crypto adventures! 🚀

Bloomberg Brings Polymarket Election Data to Its Terminal

🚀 Big Win for Elon Musk and Tesla! 🚀 In a major twist, a U.S. court has dismissed a colossal $258B lawsuit accusing Elon Musk and Tesla of manipulating Dogecoin’s price. The court ruled Musk’s Dogecoin endorsements as mere “puffery,” not fraud. This could set a precedent for future crypto-related legal battles. Despite the legal drama, Dogecoin's market reaction was subdued, showing resilience. BTC enthusiasts, what do you think? Is this a win for crypto freedom or a loophole for market manipulation? Let's discuss in the comments! 💬 #CryptoNews #Dogecoin #ElonMusk #BTC

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**Singapore Tops Global Crypto Adoption Index** Singapore has clinched the top spot in global cryptocurrency adoption, according to the Henley Crypto Adoption Index 2024. The study, conducted by Henley & Partners, evaluated 28 countries on public adoption, infrastructure, innovation, regulatory environment, economic factors, and tax friendliness. **Key Findings:** - **Singapore**: Scored 45.7 out of 60, leading due to its supportive banking system, significant investments, and comprehensive regulations like the Payment Services Act. Initiatives like Project Orchid and Project Guardian have further boosted its crypto ecosystem. - **Hong Kong**: Ranked second with a score of 42.1, excelling in economic factors and tax-friendliness. The region's advanced digital infrastructure and regulatory sandboxes, such as Project Ensemble, promote crypto growth. - **UAE**: Close behind with a score of 41.8, the UAE outperformed in tax-friendliness and showed strong innovation and technology metrics. A significant portion of its population owns crypto, supported by a thriving startup scene and robust government backing. The study highlights the dynamic and supportive environments in these regions, fostering significant advancements in cryptocurrency adoption.

Large Bitcoin Transfer Detected by Whale Alert

FLOKI slumps 17% as team wallet dumps $2M: What happens now? #FLOKISKYROCKET Floki's RSI has dropped to 22 after intense selling pressure, and the memecoin is now in oversold territory. • FLOKI has plunged by nearly 17% after a team wallet deposited $2M to Binance • FLOKI’s Open Interest has reached a multi-month high, but negative Funding Rates suggested further bearish pressure.  The cryptocurrency market remained down today, with all top-ten coins by market capitalization, apart from Tron [TRX], were trading in the red. {spot}(FLOKIUSDT) The losses were minimized across the board, apart from Floki [FLOKI], which iwas down nearly 17% in the last 24 hours until press time.  FLOKI was trading at a weekly low of $0.000127 at the time of writing. The dip comes amid concerns about selling activity by a wallet linked to the Floki Inu team.  Per SpotOnChain, the wallet was reactivated after more than two years of dormancy. It deposited $2.27M worth of FLOKI tokens to Binance right before the meme coin plunged. The wallet had received these tokens in early 2022 from the Floki deployer. At the time, the stash was worth $468,000.  The wallet’s activity has now stirred concerns among FLOKI holders about a looming sell-off.  FLOKI bears seize control  Bears are currently in control of FLOKI’s price action. The Relative Strength Index (RSI) has dropped to 22 after intense selling pressure, and the meme coin is now in the oversold territory.  {future}(USDCUSDT) The dropping RSI suggested that FLOKI was becoming undervalued. This could present a buying opportunity, and the price could consolidate if FLOKI bounces after testing the crucial support at $0.000126. The Bollinger bands have widened, with the price dropping to the lower band. This suggested a spike in volatility, increased uncertainty, and market stress.  {spot}(FDUSDUSDT) While the oversold conditions and Bollinger bands could suggest an exhaustion of the downtrend, traders should await confirmation.  The RSI must form higher lows above 30 and crossover above the signal line.

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⁉️ #analytics Pavel Durov arrested in France: What is likely to happen to $TON? On August 25, 2024, Pavel Durov's arrival in Paris caused TON's price to plummet. If he is imprisoned, TON could face further declines and disruption. If released, TON might recover and regain investor confidence. 😎 If Pavel Durov Gets Released: 📌 Investor Confidence: Durov's release boosts investor confidence, signaling reduced legal risks for TON. 📌 Potential Partnerships: Durov’s freedom may lead to strategic partnerships, deepening TON's integration. 📌 Increased Scrutiny: Durov’s release could attract more regulatory scrutiny, despite market positivity. 😭 If Durov's Imprisoned: 📌 Slower Development Pace: Durov’s legal issues could slow TON’s development, risking stagnation. 📌 Ongoing Regulatory Pressure: Legal challenges may increase regulatory scrutiny, leading to more restrictions and hindering TON's growth. 📌 Community and Developer Frustration: Legal uncertainties could frustrate the TON community, reducing activity and developer engagement. 🤔 Conclusion: In summary, Durov’s release could boost TON with confidence, rising prices, and growth. Continued legal issues may lower confidence, prices, and progress. $TON #TON #DOGSONBINANCE #BNBChainMemecoins #DYOR {spot}(TONUSDT)

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Macroeconomic influences #Ecocrypto Macroeconomic factors could also play a crucial role in Ethereum’s potential price surge. {future}(ETHUSDT) The Federal Reserve is expected to cut interest rates in September and possibly continue with further reductions, driven by slowing inflation and economic uncertainty.  $ETH A reduction in interest rates typically makes riskier assets like cryptocurrencies more attractive, as the appeal of safe-haven assets such as the U.S. dollar diminishes. $ETH Historically, rate cuts have led to increased capital inflows into the crypto market, as investors seek higher returns in alternative assets. {future}(BNBUSDT)

$W Price Prediction. #Wormholecoin #W/USDT

Wall Street Stocks Climb At Open As Investors Eye Earnings

$MKR for me next support is 1505$ what is your decision 🤔? tell me your 💡 idea. #DOGSONBINANCE

TOP 10 COINS BY LUNARCRUSH GALAXY SCORE #SAROS #YFII $HIFI $SOL #XMR $BTC #TAO #UNCX $CHESS $BIFI

Ethereum research team numbers surge 2,100% since 2019

Bitcoin's downward trend may continue until the end of 2024 Benjamin Cowen, a famous digital currency analyst, has predicted that the downward trend of Bitcoin (BTC) may continue until the end of 2024. ▪️ He believes that to change this trend, the Federal Reserve should reduce the interest rate by at least 75 basis points. The Federal Reserve is expected to start cutting interest rates in September. Cowen also suggested an optimistic scenario where the bearish trend could be broken in October if the neutral rate is higher than the Fed expects. However, he predicts that the reversal will last until the end of the year and Bitcoin will climb again in January 2025. #BTC #DOGSONBINANCE #TON #BNBChainMemecoins #TelegramCEO $BTC

In a recent transaction, Vitalik Buterin moved 800 Ethereum tokens onto a multisignature wallet. These tokens have a value of $2.01 million. It was the second time in this month that he had made a transfer of this kind, so it was not surprising that this particular transaction garnered attention. {spot}(ETHUSDT)

**Ethereum's Brainpower Boom: From 25 to 550 in Five Years! 🚀** - Ethereum's developer count skyrocketed by 2,100% in five years, from just 25 in early 2019 to around 550 in early 2024. Talk about a brain gain! - Despite a slight dip to 450 researchers in Q2 2024, Ethereum remains the leading blockchain with 2,788 full-time developers as of July 1. - Ether's price surged 1,245% over five years, turning $1,000 into $14,900. Yet, it still wrestles with the $2,700 resistance level. - Analysts predict a potential rally above $3,000 by October. Fingers crossed! 🤞 Stay tuned for more crypto craziness!

🚀 **Ethereum Brainpower Boom: 2,100% Surge in Researchers!** 🚀 Hold onto your crypto wallets, folks! Ethereum's brainpower has skyrocketed by a whopping 2,100% over the past five years. From a modest 25 researchers in early 2019 to a peak of 550 in 2024, the world's second-largest blockchain is flexing its intellectual muscles. 💪 - **Current Stats**: 450 researchers as of Q2 2024. - **Leading Blockchain**: Ethereum tops the charts with 2,788 full-time developers. - **Ether Price**: Up 1,200% in five years, but still eyeing that elusive $2.7k mark. What do you think? Will ETH break the $2.7k barrier soon? Drop your thoughts in the comments! 👇

Ethereum forms first bullish divergence in 2 years: Major rally ahead? #ETHETFsApproved Ethereum sees its first bullish divergence in two years: Is a major price reversal coming? • Ethereum shows potential for a bullish reversal, with a rare daily bullish divergence and narrowing Bollinger Bands.#EFTvsBTC • Macroeconomic shifts and on-chain data could propel Ethereum’s price upward, despite recent bearish momentum. $ETH Ethereum [ETH] was exhibiting signs of a price reversal at press time, with a bullish divergence emerging on the daily timeframe. This marks the first bullish divergence for ETH in over two years.  {future}(ETHUSDT) Michaël van de Poppe, a crypto analyst, recently noted,  “These are great signs on the markets, as $ETH has made its first bullish divergence in the daily timeframe in more than two years.”  However, he also posed the critical question:  “Will this be the actual reversal signal?” $ETH Technical indicators signal possible price movement Ethereum traded at $2,514.53 at press time, reflecting a 0.89% decline in the past 24 hours and a 4.94% drop over the last week. Despite this recent downturn, technical indicators are hinting at a potential shift.  The Bollinger Bands are narrowing, which often indicates that a significant price movement could be on the horizon. ETH was trading below the middle Bollinger Band at press time, suggesting that the asset was still under bearish momentum. {future}(BTCUSDT) The Moving Average Convergence Divergence (MACD) indicator showed that the MACD line remained below the signal line, with both trending in negative territory.

Hold or sold ? $BTC

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**Ethereum Developer Surge: 2,100% Increase in Five Years** Ethereum's developer community has seen a massive 2,100% growth over the past five years. Starting with just 25 researchers in early 2019, the number peaked at around 550 in early 2024. Despite a slight dip to 450 in the second quarter of 2024, Ethereum remains the top blockchain for monthly active developers, boasting 2,788 full-time and over 8,865 total developers as of July 1. However, Ethereum faces competition. Coinbase’s Base blockchain holds second place with 889 full-time developers and 3,991 total developers. Interestingly, Base leads in contract deployers, with over 862,000 monthly, while Ethereum ranks sixth with 127,702. On the financial front, Ether (ETH) has surged over 1,200% in five years, from $168 in 2019 to above $2,509 today. Despite this growth, ETH struggles to break the $2,700 resistance level, with analysts predicting a potential rally above $3,000 by October.

Elon Musk has recently voiced caution regarding his travel plans in light of the recent arrest ...

GM

Justin Sun’s TRON Meme Tokens May Be Stealing Traffic From Solana

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What an awesome atmosphere today at the #hackathon!🙌 Everyone's come down to IIT-Guwahati Techniche and are working on exciting #AI #projects! 🚀 @Techniche_IITG

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📢BENQI x @axon_finance rewards program is live! For a limited time, you can earn up to 3X in xFlow tokens on $sAVAX purchases via the Axon 360 app.📲 The more you buy, the more you earn: -Total Reward Pool: 300,000 xFlow tokens -Eligibility: Successful KYC completion -Ends 9 September -Rewards are first come, first serve. xFlow rewards are waiting, don't miss out!

#NEO IS STILL BOTTOMING OUT (HIGH PROBABILITY ANALYSIS) We're now at the bottom of #NEO and another wave is still possible for its last bearish wick. There are key levels where this token is struggling to breakthrough and create foundations of higher lows. Albeit, this is not where this scenario will stay. The movement of NEO suggests that it is struggling to break the key levels below 30. Hence, the need for a spring to gain more momentum is necessary. As per the spring that could potentially happen. We are looking at the prices in between 2.74-11.64 to gain another impulsive bearish candle before it reaches the state where high demands will appear. Always remember to check the possibilities of spring action in every market. As this action will take a further leap towards the reversal of an asset. Stay wise, trade cautiously. {future}(NEOUSDT) $NEO $SUN $VET

$SOL Guys is my entry price correct, should I hold this trade or close it? #DOGSONBINANCE

📊@monerium on the move, with supply up 42% over the past week:

#PundiX Co-Founder @agintender will be speaking at @SUPRA_Labs Demo Day event, organized by leading Korean VC @hashed_official, among other parties, on the topic of democratizing and tokenizing AI data. Don't miss it! 👇 https://lu.ma/322z99da?tk=AFHouP #KBW2024

30 Ağustos 2024, Amerika Birleşik Devletleri borsası açıldı. S&P 500 +0.5% ile açarken, NASDAQ +0.8% yükselişle açtı. $BTC

ABD Kısa Vadeli Faiz Vadeli İşlemleri, Eylül'de 25 Bps Fed Faiz İndirimini Fiyatlandırmaya Devam Ediyor. Yıl Sonuna Kadar Toplam 100 Bps Faiz İndirimi ön görülüyor. -Reuters $BTC

Welcome to Epoch 10 of 🍏 Gains Network’s @Arbitrum STIP-Bridge program! 👏 This week (August 30th to September 6th), 203,389 $ARB will be distributed as follows: 📈 Trading Incentives 💵Fees: 163,636 $ARB 🌊 LP Incentives @CamelotDEX: 6,666 $ARB for GNS-WETH liquidity incentives through Merkl @CamelotDEX: 5,500 $ARB for gUSDC-USDC liquidity incentives through Merkl @pendle_fi: 5,000 $ARB for the gUSDC pool @Penpiexyz_io: 1,998 $ARB to bribe the Pendle gDAI pool @Penpiexyz_io: 6,000 $ARB to bribe the Pendle gUSDC pool @TimeswapLabs: 3,500 $ARB for the gUSDC market incentives @TimeswapLabs: 3,422 $ARB for the pt-gUSDC market @Balancer: 3,000 $ARB to boost the gUSDS-aUSDC liquidity pool @SiloFinance: 4,667 $ARB for the gUSDC lending market

Donald Trump's crypto vision: 'I’m laying out my plan...' #trumpcoin Trump's pro-crypto shift may reshape the 2024 election, positioning crypto as a key political issue. $BTC • Trump shifts from crypto critic to advocate during his 2024 election campaign. • Trump’s crypto efforts include making the United States the world’s ‘crypto capital.’ #TrumpSupportsCrypto {future}(TRUUSDT) In a surprising shift, former President Donald Trump, once a vocal critic of cryptocurrency, has now embraced the digital asset space as part of his 2024 election campaign. Trump to make U.S. the crypto capital $ETH In a recent post on X (formerly Twitter), Trump announced to his 90 million followers that he would unveil his plan to position the United States as the global leader in cryptocurrency. This marks a significant change in his stance, reflecting the growing influence of crypto in the political landscape. $BNB In his post, the former president released a video featuring his voiceover, which said,  “This afternoon, I’m laying out my plan to ensure that the United States will be the crypto capital of the planet. They want to choke you. They want to choke you out of business. {future}(TRXUSDT) About World Liberty Financial #TrumpCrypto In his post, Trump also tagged World Liberty Financial, a DeFi project that has garnered support from his sons, who have been actively promoting it. {future}(TONUSDT) Not only this, the video also concluded with the World Liberty Financial logo, hinting at its potential role in Trump’s broader strategy. For those unfamiliar, Trump’s sons had previously announced plans to launch “The Defiant Ones,” a cryptocurrency platform under World Liberty Financial aimed at tackling inequality in banking access.#Tipandtrack This platform seeks to leverage the advantages of DeFi to challenge traditional banking systems, though specific details remain under wraps.#TrumpDigitalTradingCards📈🚀🌕 Notably, Trump too has endorsed this initiative as part of his broader agenda.

JUST IN: 🇫🇷 Pavel Durov officially released from custody and is out on €5,000,000 bail. JUST IN: 🇺🇸 Donald Trump says he will make the United States the "crypto capital of the planet" if elected president. JUST IN: Apple is in talks to invest in OpenAI, WSJ reports. JUST IN: Elon Musk wins dismissal of lawsuit claiming he rigged Dogecoin and conducted insider trading. Ten years ago today, the first Bitcoin recipient Hal Finney passed away. Satoshi Nakamoto sent the first ever Bitcoin to his address. He is speculated by many, to be Satoshi himself. JUST IN: 🇺🇸 SEC issues Wells Notice to NFT platform OpenSea, threatening to sue, citing NFTs on the platform are securities. JUST IN: 🇺🇸 SEC approves new rule requiring mutual funds and ETFs to report portfolio holdings on a monthly basis rather than four times a year. JUST IN: 🇺🇸 Kamala Harris economic adviser confirms plan to tax unrealized gains. JUST IN: Telegram's TON blockchain stops processing transactions again after going offline for 7 hours yesterday. JUST IN: 🇫🇷 France officially indicts Telegram founder Pavel Durov, places him under supervised release. JUST IN: Nvidia $NVDA reports $30 billion in revenue for Q2, 3.8% higher than expectations. #BinanceBlockchainWeek #CryptoMarketMoves #TelegramCEO #BlackRockETHOptions #PowellAtJacksonHole

**🚀 Crypto News Flash: Banks & Blockchains - A Love-Hate Relationship! 🚀** - **Risky Business:** A new paper from the Bank for International Settlements (BIS) highlights the risks banks face with permissionless blockchains like Ethereum. Spoiler: It's a bit like dating a rockstar - thrilling but unpredictable! - **Mitigating Mayhem:** The Basel Committee suggests banks use off-chain registries and tech-driven controls to keep things in check. Think of it as having a backup plan for your wild nights out. - **Future Tech:** Zero-knowledge proofs (ZKPs) might be the future for privacy-preserving identity checks. But for now, they're still in the "awkward teenager" phase. Stay tuned for more crypto adventures! 🌟

Lowest Bitcoin Hash Price Indicating the Buy Opportunity “The highlighted sections in the chart indicate periods where the Hash Price dropped to lower levels, corresponding to times when #Bitcoin prices were also at or near their lowest points.

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El Salvador's President Nayib Bukele appeared on the cover of Time magazine, saying that the country's Bitcoin strategy is generally "net positive" 🇸🇻 El Salvador's bitcoin holdings exceed $347 million (5.8k BTC), with 1 BTC coin purchased every day 🛒

**News Flash: Banks Face Risks with Public Blockchains, Says BIS Paper** A recent paper from the Bank for International Settlements (BIS) highlights the risks banks face when using permissionless blockchains like Ethereum. The Basel Committee on Banking Supervision (BCBS) released the 25-page document on August 28, exploring issues such as governance, technology, and compliance. Key Points: - Public blockchains, like Bitcoin and Ethereum, pose operational, security, and legal risks for banks. - Concerns include money laundering, terrorism financing, and settlement finality. - Banks struggle with due diligence due to the involvement of unknown third parties. - Potential solutions include business continuity planning and technology-driven transaction controls. - The paper suggests using off-chain registries and privacy-preserving identity verification technologies like zero-knowledge proofs. While the paper notes these risks and potential mitigants, it emphasizes that current solutions are still in development and untested under stress.