Russia is set to legalize Bitcoin mining starting November 1st marking a significant shift in the country's stance towards cryptocurrencies .President Vladimir Putin has signed a bill into law that will regulate crypto mining allowing approved mining firms to register via a state database and individual miners to join the fray . This move is expected to boost Russia's crypto industry and provide a fresh wave of momentum for Bitcoin enthusiasts.
👉Russia's decision to legalize Bitcoin mining acknowledges the legitimacy of crypto mining as a business . 👉 This move may encourage more people to explore crypto mining, potentially leading to increased adoption . 👉 The new law provides a framework for crypto mining, ensuring that the industry operates within established guidelines .
In a groundbreaking move the U.S. state of Ohio is poised to become the first to accept Bitcoin as a payment method for taxes This revolutionary step forward is poised to propel cryptocurrency adoption and cement Ohio's position as a fintech hub. Embracing Bitcoin payments for taxes demonstrates Ohio's commitment to innovation financial inclusion and technological advancement.
👉Enhance payment flexibility for residents and businesses 👉Foster economic growth through cryptocurrency integration 👉Establish Ohio as a leader in blockchain and crypto-friendly policies
Netflix Faces Backlash After Co-Founder's $7 Million Donation to Kamala Harris
Netflix is facing a surge in cancellations and backlash on social media after its co-founder Reed Hastings donated $7 million to Kamala Harris's presidential campaign . Hastings who stepped down as CEO in 2023 but remains executive chairman made the donation to a super PAC supporting Harris . This move has sparked outrage among Republicans with many calling for a boycott of the streaming platform .
While some reports claim that Netflix lost six million subscribers and $2 billion in stock value within hours of the donation these claims have been debunked as satirical and untrue . However the hashtag #CancelNetflix has been trending on social media with many users expressing their dissatisfaction with Hastings' donation
In a shocking move BlackRock CEO Larry Fink has publicly declared his unwavering support for Bitcoin stating "I am a big believer in Bitcoin"
This bold endorsement from the helm of the world's largest asset manager sends shockwaves through the financial industry signaling a significant shift in institutional sentiment towards cryptocurrency.
Fink's statement underscores Bitcoin's growing mainstream acceptance and potential for widespread adoption. As BlackRock manages over $10 trillion in assets this endorsement could pave the way for increased institutional investment in Bitcoin further solidifying its position as a viable digital asset. Markets are expected to react positively to this news with Bitcoin's value potentially surging in response.
Donald Trump has made some bold claims about Bitcoin and crypto if he's elected president. He's promised that Bitcoin and crypto will "skyrocket like never before" under his leadership. This isn't the first time Trump has expressed support for crypto - he's also proposed creating a strategic Bitcoin reserve and vowed to end the "war on crypto" waged by the Biden administration .Trump's plans for crypto include making the US the "world capital for crypto and Bitcoin" and ensuring that the future of cryptocurrencies is "made in America" . He's also promised to never allow the creation of a central bank digital currency (CBDC) in the US citing concerns over privacy and the potential for government overreach . Some experts are cautiously optimistic about Trump's crypto plans noting that his support could bring much-needed clarity and regulatory certainty to the industry .
However others are skeptical about Trump's ability to deliver on his promises given the complexity of the issues and the limits of presidential power
Binance launched a pre-market spot trading service, enabling users to take early positions before a token's spot market listing. Only selected Binance Launchpool tokens will be available for pre-market trading.
Ethereum is stealing the spotlight! After the Fed’s 50bps rate cut last week, ETH has jumped 16%, compared to Bitcoin’s 6% rise. The bullish sentiment is real!
On top of that, the Ethereum perpetual futures funding rate turned positive, now sitting at 0.0082%, showing continued strength in the ETH market.
Donald Trump is bullish on crypto suggesting that it could help pay off the whopping $35 trillion U.S. national debt! He recently stated "Maybe we'll pay off the $35 trillion debt with it" . This is a huge shift from his previous skepticism and it's clear that Trump sees crypto's potential. He's even put his money where his mouth is becoming the first U.S. president to make a Bitcoin transaction - buying cheeseburgers at a New York bar .
With Trump and other presidential candidates like Kamala Harris discussing crypto-friendly policies it's evident that crypto is entering the political mainstream . This could lead to increased adoption regulatory clarity and mainstream acceptance. The future of crypto is looking brighter than ever - are you bullish on crypto?
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🚨Tesla stock Almost out of the year To- Date Slump. How does rates cut affect the EV maker?
Tesla's stock (TSLA) has made a remarkable recovery, nearly shaking off its year-to-date slump. The recent rally is largely attributed to the Federal Reserve's decision to cut interest rates, a move that has significant implications for the electric vehicle (EV) industry, particularly for Tesla.
Rate Cuts: A Tailwind for Tesla Lower interest rates have created a favorable environment for Tesla's growth