The US Federal Reserve is a private entity. It is not governed by the US president.
So even if Donald Trump becomes president, he will need money from the Federal Reserve to buy Bitcoin. And why would he give it? Think About It Suppose if the Federal Reserve gave money to the US government (the President) to buy Bitcoin. So don't you think that instead of keeping dollars in reserves, people will start buying bitcoins. And it is only with dollars that America has dominance in the whole world. So just imagine that Donald Trump is not lying? That is why the Federal Reserve of any country will never make Bitcoin or other crypto a reserve asset.
Everyone saw in this bear market that except Bitcoin and Ethereum, all the other alt coins fell by more than 95% from their all-time high. Yet many people are still not buying Bitcoin and Ethereum. These are the people who want to become rich overnight. We are not saying that everyone is like this but the percentage of people who do so is 90. Many people spend their money on the advice of some famous influential people without doing research and do not want to do research themselves. Sorry, we said a lot of words of wisdom. But yes, we want to say that it is your money, you have earned it with your hard work, so you should invest it only after doing a little research. People say that Bitcoin gives very low returns but yes we would say that till now the maximum alt coin is 80% below its all time high and Bitcoin has made its new all time high. You are looking for higher returns but this Also imagine that if we compare it with our central bank, then you will see that Bitcoin has given more returns than bank FD.
US prosecutors are investigating Tether, US Treasury weighs potential sanctions: WSJ
A criminal investigation is looking into whether #Tether is being used by third parties for illicit activities such as terrorism and hacking, WSJ reports.The Treasury Department, meanwhile, has been weighing sanctioning Tether because of the stablecoin’s use by U.S.-sanctioned people and groups, according to WSJ. U.S. investigators are probing Tether, the company behind the world's largest stablecoin, over potentially breaking anti-money laundering rules and violating sanctions, according to rep
🚨MicroStrategy 'highly unlikely' to be forced to sell bitcoin as stock reaches 25-year high, analysts say🚨
•Analysts at BitMEX Research argued MicroStrategy is “highly unlikely” to be forced to sell its bitcoin based on the current debt structure, but “anything is possible.”
•MicroStrategy stock traded at a 25-year high of $235.89 as of Thursday’s close, having gained more than 10% for the day.
•Analysts at BitMEX Research argued MicroStrategy is “highly unlikely” to be forced to sell its bitcoin holdings based on its current debt structure. However, given the volatility of the cryptocurrency, “anything is possible,” they said.
The business intelligence firm is the largest corporate holder of bitcoin, with 252,220 BTC, currently valued at over $17 billion, at a total cost of around $9.9 billion.
MicroStrategy’s stock gained more than 10% on Thursday to reach a 25-year high of $235.89 as of market close, according to TradingView. The firm's $43.6 billion market cap trades at a “massive premium” to the net asset value of its underlying bitcoin holdings — somewhat reminiscent of The Grayscale Bitcoin Trust in prior cycles before its conversion to a spot Bitcoin exchange-traded fund, the analysts said.
#MicroStrategy has been able to leverage premium share issuances to buy more bitcoin and boost book value per share in a so-called “infinite money glitch.” The firm’s five equity offerings since embarking on its bitcoin strategy in 2020 have raised a total of $4.25 billion so far, they noted.
Last week, Benchmark analyst Mark Palmer defended MicroStrategy stock's big premium to its bitcoin holdings, describing it as “intelligent leverage.” $BTC
🚨Microsoft places 'assessment in investing in bitcoin' as a voting item for December shareholder meeting🚨
•Microsoft placed an “assessment in investing in bitcoin” on the voting ballot ahead of its 2024 annual shareholder meeting in early December.
•The company notes the board of directors recommends voting against the proposal, in a filing with the SEC.
•#Microsoft is apparently considering investing in bitcoin, according to a U.S. Securities and Exchange Commission filing on Thursday. The company put the topic as a "voting item" on its next shareholder meeting scheduled for Dec. 10. $BTC
Notcoin founder says Binance and ‘poor guys from nowhere' are chasing success with Telegram games
Notcoin founder Sasha Plotinov argues companies big and small are building games on Telegram because of the potentially low cost of acquiring new customers.Plotvinov estimates that successful Telegram games have the potential to onboard people at a cost of less than $1 per user. Increased interest in blockchain gaming, primarily led by the popularity of Telegram mini-games like Notcoin, Hamster Kombat and Yescoin, has been one of the year's most compelling stories in crypto as the tap-to-earn ti
Sam Altman-backed Worldcoin project launches mainnet blockchain following a rebrand
The Sam Altman-backed Worldcoin project has rebranded to World Network, or World for short. Additionally, the Ethereum-secured Layer 2 blockchain network connected to the project, known as World Chain, launched its mainnet Thursday. Worldcoin, the Sam Altman-backed digital identity project, is rebranding to World Network — or World for short. Along with the rebrand, the project announced World Chain has launched on mainnet. World Chain is the Ethereum-secured Layer 2 blockchain network connected
🚨Cosmos cofounder blames Iqlusion's Zaki Manian for North Korea-linked security risks in network's liquid staking module🚨
•Cosmos co-founder Jae Kwon said a significant part of the network’s liquid staking module was developed by North Korean agents, which proceeded under the alleged negligence of Iqlusion’s Zaki Manian.
•Kwon called for the Cosmos governance community to immediately conduct a comprehensive audit of the LSM.
Cosmos co-founder Jae Kwon highlighted concerns about the integrity and security of Cosmos Hub’s liquid staking module in a post on Tuesday. It was revealed earlier that North Korean agents developed a significant part of the module.
“For sixteen months, the LSM was developed by individuals linked to North Korea, and their contributions were integrated into the Cosmos Hub without proper security vetting,” said Kwon, blaming the “gross negligence” of Cosmos validator hosting firm Iqlusion and its leader Zaki Manian.
Iqlusion and Manian started developing the LSM in August 2021 with Jun Kai and Sarawut Sanit. Later, Kwon claimed they were North Korean agents. Kwon claimed the two alleged agents contributed most of the code.
Despite knowing the involvement of North Korean agents since March 2023, as the Iqlusion leader admitted on social media, Manian hid the issue as well as other unresolved security issues until earlier this month, Kwon wrote in the post.
“Rather than taking proactive measures, such as conducting an additional audit or disclosing this issue to the Cosmos community, Zaki publicly asserted that the module was ‘ready to be deployed,’” Kwon stated. “Zaki’s lack of transparency and poor judgment represents a profound breach of the trust placed in Iqlusion by the Cosmos community,” he added. $ATOM $SUI $BNB
'Network State' project Praxis secures $525 million to build crypto-friendly city
Praxis, which bills itself as the world’s first “Network State,” announced it has secured $525 million to build a tech-forward city that will support the development of crypto, artificial intelligence, energy and biotech.Investors in the round include Arch Lending, GEM Digital, Manifold Trading, and angels like Farcaster CEO Dan Romero and Worldcoin co-founder Max Novendstern.The project has previously raised money from Paradigm, Alameda Research and Three Arrows Capital. Praxis, the ambitious p
Base becomes largest Ethereum rollup by total value locked, surpassing Arbitrum
Bse has become Ethereum’s largest Layer 2 rollup in terms of TVL, with $2.49 billion in total deposits.Overall, it is now among the top five blockchains by TVL, ranking behind Ethereum, Tron, Solana, and BNB Chain. $Base, a Layer 2 Ethereum network developed by Coinbase, has now become the largest rollup in terms of total value locked. Base has a TVL of $2.49 billion distributed across 366 protocols, slightly surpassing Arbitrum’s TVL of $2.39 billion, data from DeFiLlama shows. A large portion
Sui Foundation disputes $400 million insider selling allegation amid token’s price surge
Sui Foundation stated that no insider participated in the recent $400 million sale of Sui tokens on the open market.The Foundation said the wallet likely belongs to an “infrastructure partner” who owns tokens under a lockup schedule. The $SUI Foundation rebutted social media allegations of $400 million insider selling on the open market throughout its recent price run-up, stating on Monday that no such activity had occurred from someone within the foundation or its core contributor, Mysten Labs
Arbitrum DAO member proposes $120 million recall from gaming fund that missed deadlines
A new proposal would see Arbitrum’s DAO recall nearly $120 million worth of tokens from the organization’s Gaming Catalyst Program after its apparent failure to meet several deadlines outlined in its original proposal.The co-founder of Offchain Labs, Arbitrum’s developer, responded that the fund’s operations are “super complicated and won’t happen overnight” in a post on X. A proposal passed in June by the governance DAO Ethereum Layer 2 network Arbitrum to "catalyze gaming ecosystem growth" on
🗣️I’m saying again our followers All Task on #BLUM ,do well to complete it on your end, we don’t know what Blum will use for allocation. But, we believe they will be rewards for People who completed their tasks and people who were actively playing the #Blum game.
Mysten Labs CEO Evan Cheng says Sui's gaming device is a 'software play'
Evan Cheng, the co-founder and CEO of the company building the Sui blockchain, discussed the company’s upcoming SuiPlay0X1 handheld gaming device and other topics in an interview at the Mainnet conference. Cheng said the SuiPlay0X1 is a “software play,” rather than a hardware play, and counts “disruptive developers” among Sui’s most important assets. In May, Evan Cheng, co-founder and CEO of Mysten Labs, the company building the Sui blockchain, told The Block that crypto's “ChatGPT moment” could
Standard Chartered says solana price could surge fivefold by end of 2025 if Trump wins presidency
Standard Chartered’s Geoff Kendrick says solana’s price could potentially surge fivefold by the end of 2025 if Donald Trump wins the U.S. presidential election.In the case of a Kamala Harris win, Kendrick expects bitcoin to outperform ether, which, in turn, would outperform solana. Based on current prices and the potential implications of Donald Trump winning the U.S. presidential race, Standard Chartered's Geoff Kendrick forecasts that by the end of 2025, solana's price could increase fivefold,
🗣️TON-based projects Notcoin and Dogs to collectively burn $4 million in tokens
•Telegram-based game Notcoin and the memecoin project Dogs Community announced they will collectively burn $4 million of NOT and DOGS tokens.
•At current prices, it appears about 85% of the $4 million will come from burning DOGS tokens.
•Following a community vote, $DOGS and $NOT will burn tokens for a value of approximately $4 million," according to a statement. "This burn will permanently reduce the overall supply of tokens for both projects, while a sizable portion of the unclaimed $DOGS tokens will be donated to charitable causes, as decided by the community. #DOGSONBINANCE #TON #dogs #Notcoin👀🔥 #NOT🔥🔥🔥
🚨Swift set to begin live bank trials of digital asset transactions in 2025🚨
•Swift said banks will begin live trials of digital asset and currency transactions over its network next year.
•It marks the first time Swift will move beyond experimenting with blockchain transactions in testing environments to real-world settlement.
Starting next year, Swift said banks in North America, Europe and Asia will begin live trials of digital asset and currency transactions over its global messaging network, which services more than 11,500 financial institutions.
Swift has previously experimented with blockchain transactions in testing environments. However, next year’s trials will pilot an advanced version of its infrastructure capable of orchestrating real-world digital asset and currency transactions across networks for the first time, according to a statement by the firm on Thursday. $FET $IO $METIS