Trump's 8 Crypto Promises For The 2024 Election!

1. Ending the “Anti-Crypto Crusade”: Trump claims he’ll put an end to what he calls Biden’s anti-crypto stance, emphasizing a right to Bitcoin mining and self-custody. He even vowed to end any plans for a US central bank digital currency.

2. “Bitcoin Made in the USA”: Trump wants to position the US as the top Bitcoin mining nation. While promoting domestic mining could bolster the energy sector and job market, centralizing BTC mining contradicts the core principle of decentralization.

3. Paying Off National Debt with Bitcoin: Trump floated the idea of using crypto to tackle the $35 trillion national debt, sparking mixed reactions. While some experts see potential in creating a national BTC reserve, they question the practicality and political feasibility.

4. A Strategic Bitcoin Reserve: Trump’s push for a national BTC stockpile aligns with existing proposals, like Senator Cynthia Lummis’s bill to build a strategic Bitcoin fund.

5. Firing SEC Chair Gary Gensler: The promise to fire SEC Chair Gary Gensler “on day one” appeals to an industry frustrated with regulation by enforcement. However, dismissing Gensler requires proving inefficiency or neglect and could take months or even over a year.

6. Creating a Crypto Advisory Council: One of Trump’s most significant commitments is forming a pro-crypto presidential advisory committee to draft precise, industry-friendly regulations within 100 days.

7. Self-Custody Rights: Enshrining the right to crypto self-custody could resonate well, especially following Senator Ted Budd’s proposed Keep Your Coins Act, which seeks to protect Americans’ rights to hold and transact through self-hosted wallets.

8. Clemency for Ross Ulbricht: Trump promised to commute the sentence of Ross Ulbricht, creator of the Silk Road, arguing that 11 years behind bars is enough.

Follow @Professor Mende - Bonuz Ecosystem Founder for more!

#Elections2024 #DonaldTrump #Trump #SEC #CryptoMarketNews
$BTC $PEPE $SHIB

🚨 READ THIS: Why $BTC Might Hit $174K–$462K!

Bitcoin just closed its highest-ever three-day candle at $72,724, igniting talk of a major bull cycle. A historically reliable BTC indicator hints at an unprecedented peak between $174,000 and $462,000 within the next 24 months. Past price tops have often aligned with the 1.618 to 2.272 Fibonacci retracement levels, and under this setup, potential cycle highs are projected at $173K (1.618 Fib) and $458K (2.272 Fib).

Historical Trends & Fibonacci Precision Bitcoin's past cycle tops (2013, 2018, and 2021) consistently aligned near these Fib levels, albeit with diminishing returns. The 2021 peak at $69,800 even fell just under the 1.618 Fib, indicating a trend of decreasing cycle gains.

Key Price Levels Ahead BTC breaking out of its seven-month consolidation signals potential new all-time highs. But the critical mark for bulls to watch is $86,200, according to Bitcoin researcher Axel Adler Jr. This level previously triggered profit-taking and temporary peaks. Surpassing it with strong momentum could set off an exponential rally akin to 2021’s price discovery phase.

The Bull’s Fate: $86,200 Decision Point Adler notes that crossing $86,200 might confirm the start of a meteoric climb. Without surpassing it, BTC could stall within a high-risk zone where short-term holders historically cash out.

Will BTC follow historical Fib trends, or is a new pattern emerging? All eyes on $86K for signs of the next leg up.

Stay tuned with @Professor Mende - Bonuz Ecosystem Founder as Bitcoin flirts with groundbreaking highs and tests the strength of this bullish cycle!

#Bitcoin #BTC #BitcoinPrice #PricePrediction #CryptoMarketNews

🔥 Bitcoin BREAKS RESISTANCE & Wipes Out Bears!

The massive sell walls between $65K and $71K that held Bitcoin back for weeks? Gone! Bitcoin has smashed through $68K to $70K, obliterating those resistance levels and liquidating short traders in the process.

Short Traders in Panic Mode The bears were trapped—massive liquidations swept through as BTC surged, sending traders who bet against the market running for cover with empty pockets. The longstanding wall of sell orders at these key price points has now been cleared, leaving the path open for Bitcoin to continue its climb.

Why It Matters With these barriers gone, bulls now control the momentum. The market liquidations are fueling even more buying pressure, and this breakout is shaking off the last resistance holding BTC back. $85K+ could be the next target if Bitcoin maintains this pace.

Bull Run Just Getting Started? Bears have retreated, and Bitcoin’s dominance is surging again. The market looks primed for a continued rally, with bullish sentiment growing by the minute.

The big question: Can Bitcoin keep this momentum going?

Stay tuned—the next leg up might be explosive! Stay updated with @Professor Mende - Bonuz Ecosystem Founder

#CryptoMarketNews #BitcoinPrice #Bullorbear #Bullrun #Bullish $BTC

🚀 Bitcoin Officially BREAKS FREE from a 7-Month Downtrend!

After months of consolidation, Bitcoin has finally broken out of its seven-month downtrend, fueling excitement among traders and market watchers alike. With sustained multi-day closes above its previous trading range, BTC has ignited a fresh wave of optimism in the market.

Veteran trader Peter Brandt and others have taken note, with many eyeing targets between $85,000 and $160,000. This breakout is inspiring traders to open new positions, betting on even higher highs as Bitcoin’s momentum continues to build.

Why is This Breakout Important? This range break signifies a clear end to the downtrend that’s haunted BTC since early 2024. A confirmed close above key resistance levels has restored confidence in the bulls, and traders are now targeting the next major price levels.

What’s Next for BTC? With this breakout, bullish targets range between $85,000 to $160,000, according to Brandt and other analysts. Market sentiment is shifting, and a push toward these higher levels is gaining momentum. Investors are rushing in to capitalize on this potential long-term rally.

Could This Be the Start of a New Bull Market? If Bitcoin continues to hold above its previous range and gathers steam, this could mark the beginning of a new bull cycle, pushing prices to all-time highs.

Follow @Professor Mende - Bonuz Ecosystem Founder to stay updated!

#Bitcoinprice #bitcoin #btc #CryptoMarketNews #BinanceBlockchainWeek $BTC

🚨 ALERT: Deepfake Scams Soar by 654% – Are You Safe?

In 2024, crypto saw a shocking 654% increase in deepfake scams, with 74% targeting the crypto industry. Fraudsters are using AI-generated deepfakes of celebrities like Elon Musk to endorse fake projects, tricking users into giving up their hard-earned crypto. As deepfake tech improves, spotting these scams is nearly impossible with the naked eye.

Scammers create hyper-realistic videos and images, often of trusted figures, to lure users into fraudulent schemes. The crypto community, drawn by excitement and fast money, has become a prime target. These scams don’t just endanger your wallet—they challenge our sense of reality. The days of obvious fake videos are over; today’s deepfakes are alarmingly convincing.
Crypto operates on digital interactions and high-value transactions, making it the perfect playground for these criminals. By mimicking famous figures or even stealing identities through social media data, scammers manipulate users into making disastrous investments. The hype around potential riches in crypto also makes it fertile ground for scams to thrive.

How to Spot Deepfakes:
- Lip Sync Issues – Audio doesn't quite match up.
- Unnatural Features – Something about the skin texture or expressions feels “off.”
- Lighting Inconsistencies – Strange shadows or weird backgrounds that don’t belong.

What Can Be Done?
While 15 U.S. states have introduced legislation to fight deepfakes, crypto users need education and awareness to stay safe. Social media platforms should step up by implementing better detection tools and penalizing misinformation. For crypto exchanges, enforcing stricter KYC checks and monitoring transaction patterns can act as a first line of defense.

Stay alert & safe with @Professor Mende - Bonuz Ecosystem Founder !

#scamalert #Deepfake #CryptoMarketNews #Phishing #Scam $BTC $PEPE $SHIB

🚀 Trump's Election Odds Surge as Polymarket Whale Bets Another $2M

The odds of Donald Trump winning the Nov. 5 presidential election have hit 67% on Polymarket, the decentralized betting platform, thanks to a mysterious whale investor who recently wagered another $2 million on a Trump victory. This latest move brings the whale’s total bet to over $7 million in USD Coin (USDC).

Known by the handle “zxgngl,” the whale has amassed 11.28 million “Yes” shares, and it’s not alone—another high-profile bettor, “Fredi9999,” has poured over $20 million into pro-Trump bets. This heavy betting activity has driven Trump’s odds from a September low to a consistent lead since Oct. 4, with odds steadily climbing.

Elon Musk suggests decentralized betting markets like Polymarket may actually provide a more accurate read than traditional polling. Unlike polls, betting markets factor in both financial risk and real-time shifts in sentiment, making them potentially more responsive indicators of public confidence.

Interest in crypto prediction markets is surging. Betting volumes jumped over 565% in Q3 2024, reaching $3.1 billion, largely driven by the U.S. elections. Polymarket, the leader in the space, now holds a 99% market share.

With just a week until the election, all eyes are on these bets—will the whales' confidence pay off, or are they simply caught in a confirmation bias loop?

Who will win the election?
Drop your guess below!

#CryptoPreUSElection #DonaldTrump #KamalaHarris #Elections2024 #CryptoMarketNews $BTC

4 Reasons Why BITCOIN is Trading Below $70k

Bitcoin has been rallying, yet it faces some major resistance on the path to $70,000. Here are four factors that could either pave the way forward—or hold BTC back:

1. Global Uncertainty & Investor Caution:
While Bitcoin’s position among top global assets like Tesla and Walmart should attract investors, traditional assets still offer stability and yield a steady 4.7% in fixed income. Many investors remain cautious, especially amid economic uncertainties, preferring to hold off on significant BTC positions.

2. US Election’s Influence on Crypto Regulation:
The 2024 US presidential election could shape Bitcoin’s future. Kamala Harris has signaled a pro-regulation stance that prioritizes consumer protection, potentially curbing BTC's appeal. In contrast, former President Trump favors integrating digital assets into traditional finance. If he wins, it could boost BTC’s credibility, driving adoption.

3. Mining Profitability Pressures:
Bitcoin miners face tough times with the mining hashrate index dropping near-record lows, creating profitability challenges. This has triggered worries that miners, who hold about 1.8 million BTC (worth roughly $122.4 billion), may sell to maintain operations. Miner sell pressure remains a significant factor to watch, as large sell-offs could weigh on BTC price.

4. Spot ETF Demand vs. Exchange Reserves:
The potential for a BTC supply crunch due to rising spot ETF interest sounds promising, but exchange deposits still hold significant reserves, estimated between 1.9 and 3 million BTC. Even with high ETF accumulation, these reserves present a risk of sell-offs when BTC nears target prices.

For Bitcoin to confidently break through $70K, a mix of lower interest rates, better mining conditions, and sustained ETF demand is essential to encourage traders to enter with force.

Follow @Professor Mende - Bonuz Ecosystem Founder to stay updated!

#Bitcoin #BTC #CryptoMarketNews #BitcoinPrice #PriceAnalysis  $BTC

🚨 Could Vitalik's ‘PURGE’ Plan Save Ethereum?

Vitalik Buterin’s latest initiative, “The Purge,” aims to tackle Ethereum’s long-standing data storage issues, reduce protocol complexity, and cut down on technical debt to improve network efficiency. Although “The Purge” won’t directly lower gas fees, the proposed improvements are expected to enhance Ethereum’s performance and potentially reduce operational costs for users and developers alike.

Reducing Storage Demands for Node Operators
One of the primary goals of The Purge is to tackle Ethereum’s rising storage demands. Currently, a fully-synced Ethereum node requires over 1.17 terabytes of storage, making it increasingly challenging for new nodes to join the network. The plan involves reducing the need for nodes to retain all historical data permanently, aiming instead for a system where only essential data is stored and historical data can be fetched when needed.

Tackling “State Expiry”
A core component of The Purge is the concept of “state expiry.” Currently, any new state data created on Ethereum is stored indefinitely, which can lead to endless growth in data storage requirements. Buterin envisions a model where rarely accessed state data is temporarily expired and can be revived through cryptographic proofs when needed. This could prevent the network from continuously expanding, keeping data demands in check.

Moving Toward Stateless Verification
The Purge builds on concepts introduced in “The Verge,” an earlier upgrade aiming to make it easier for users to operate nodes on Ethereum. By moving to stateless verification, Ethereum can allow more lightweight devices—such as mobile phones and even smartwatches—to run nodes, enhancing accessibility and decentralization. This shift would significantly lower hardware requirements, making the network more secure and widely accessible.

What do you think about this solution? Follow @Professor Mende - Bonuz Ecosystem Founder for more!

#Ethereum #ETH #VitalikButerin #CryptoMarketNews $ETH

🚨 Is Bitcoin About to CRASH Again? Indicators Suggest Caution

Bitcoin's struggle to break the $70,000 barrier may signal an upcoming price correction. After reaching a 12-week high of $69,487 on Oct. 21, Bitcoin has already seen a 3.7% dip in just three days, and multiple on-chain and technical indicators are hinting at the possibility of a deeper pullback.

Profit-Taking Fears
With 92.4% of Bitcoin holders now in profit, the risk of profit-taking has increased. Historically, when a majority of holders are in the green, markets tend to overheat, leading to sell-offs. If BTC’s price stays above $55,000, over 90% of investors will still be in profit. This could potentially lead to further downward pressure as investors lock in gains.

Open Interest Hits Record Highs
Bitcoin’s open interest (OI), which tracks the number of active futures contracts, recently set an all-time high, exceeding $40 billion on Oct. 21. High OI often indicates increased leverage in the market, raising the risk of volatility. A similar spike in OI preceded Bitcoin’s 20% drop in August, suggesting that BTC may be poised for another sharp correction.

Retrace from Overbought Conditions
Bitcoin’s Relative Strength Index (RSI) reached overbought levels of 70 on Oct. 20, triggering a pullback to $66,000. This pattern echoes past market tops in 2021 and 2019, where similar RSI readings led to significant price corrections.

Fear & Greed: Signaling Caution
The Crypto Fear & Greed Index sits at 72, reflecting "greed" in the market. This high level of sentiment often precedes market downturns. The last time the index reached these levels in March, Bitcoin fell from its all-time high to $56,500.

The Bottom Line
While Bitcoin's rally has excited bulls, caution is warranted. The combination of high OI, overbought conditions, and profit-taking signals could lead to a price retracement similar to previous market cycles.

Stay updated with @Professor Mende - Bonuz Ecosystem Founder !

#BitcoinPrice #CryptoMarketNews #Bitcoin #BTC #PriceAnalysis $BTC

Why is BITCOIN DOWN today? Taylor Swift & Harris vs. Trump

Crypto markets saw a notable pullback today following a shift in U.S. presidential election odds. Democratic candidate Kamala Harris gained ground against her crypto-supporting rival Donald Trump after a fiery debate, with betting odds favoring Harris rising to 56% from 53%. Taylor Swift threw further weight behind Harris with her Instagram endorsement, influencing her 280 million followers and potentially swaying younger voters. This led to crypto stocks tumbling, including crypto miners Riot Platforms, Marathon Digital, and Hut 8, which fell between 3.6% and 5.3%.

Bitcoin and Ether didn’t fare much better, with Bitcoin down 2% and Ether falling 2.6% post-debate. This reaction contrasts with Trump’s earlier stance of urging voters to "never sell your Bitcoin", positioning himself as a pro-crypto candidate promising regulatory support. He even hinted at the U.S. government holding Bitcoin as a store of value if elected. Meanwhile, Harris has yet to clarify her position on crypto regulations, leading to a more uncertain outlook for Bitcoin and the broader crypto market. Analysts, such as Valentin Fournier from BRN, noted that although crypto wasn’t addressed directly in the debate, the shifting sentiment now favors Harris, dimming hopes of a pro-Bitcoin administration.

As crypto remains a volatile sector, corporate giants like Elon Musk and Wall Street institutions have helped bring it into the mainstream. Still, concerns over regulatory scrutiny from agencies like the SEC loom large, particularly given the sector’s risk-heavy reputation. As election season intensifies, expect further market fluctuations. With crypto favorites like MicroStrategy and Coinbase sliding 5.4% and 3.6%, uncertainty over the industry’s regulatory future could keep pressure on these stocks until November’s final showdown.

Stay updated with @Professor Mende - Bonuz Ecosystem Founder !

#USNonFarmPayrollReport #USDataImpact #NFPWatch #CryptoForEveryone #CryptoMarketNews $BTC

🚀 Crypto Adoption to Hit 8% by 2025!

According to a report from MatrixPort, global cryptocurrency adoption is projected to exceed 8% by 2025, marking a significant shift from niche to mainstream finance. Currently, 7.51% of the global population is using digital currencies, indicating strong momentum in the crypto space.

Key Drivers of Adoption:

Institutional Interest: Major players like BlackRock are lending credibility to digital assets, integrating them into traditional finance.

Economic Uncertainty: Bitcoin's status as a store of value becomes more prominent during turbulent times, such as trade wars and economic downturns. Rising U.S. debt may further increase demand for BTC as a hedge against instability.

Markus Thielen from 10x Research notes that Bitcoin price surges often coincide with the introduction of new financial products, like spot ETFs, potentially spurring further institutional investment.

Challenges Ahead:

Regulatory Hurdles

Market Volatility

Security Concerns: Scams and hacks remain threats for both institutional and retail investors.

While obstacles exist, cryptocurrency is rapidly integrating into global financial systems. Social smart wallets like Bonuz are paving the way for easier mass adoption, making it essential to explore such innovations.

Stay ahead of the curve with insights from @Professor Mende, founder of the Bonuz Ecosystem. The future of finance is here!

#Blackrock #CryptoMarketNews #Bitcoin #Blockchain #Write2Earn!

💥 8,000 Bitcoin Lost: The £495M Legal Battle 💥

James Howells, an IT engineer from Newport, is suing Newport City Council for $647 million after losing a hard drive containing 8,000 Bitcoin back in 2013. What was once worth £1 million is now valued at nearly half a billion!

Despite offering 10% of the recovered Bitcoin, the council has repeatedly denied his requests, citing environmental risks from the landfill. 🚧

In 2022, Howells proposed an $11 million plan using AI and robotics to safely excavate the site, but officials remain skeptical about the project's feasibility.

The case heads to court in December, and it's raising important questions about crypto asset security. Don’t let a simple mistake cost you a fortune!

Is this the biggest lost fortune in crypto history? Follow @Professor Mende - Bonuz Ecosystem Founder for more insights!

#Bitcoin #BTC #CryptoMarketNews #Blockchain #Cryptocurrency $BTC

🚨 Dubai Cracks Down on Unlicensed Crypto Firms! 🚨

In a bold move to uphold the integrity of its burgeoning crypto sector, Dubai’s Virtual Assets Regulatory Authority (VARA) has issued hefty fines and cease-and-desist orders to seven unregulated entities operating without licenses.

💰 Fines Range from:

$13,600 to $27,200—a clear warning that Dubai is serious about compliance!

🛑 Cease-and-Desist Orders:

These firms must halt all crypto activities and advertising until they align with regulatory standards.

📢 Investor Warning:

VARA is urging the public to steer clear of unlicensed firms, emphasizing the legal and reputational risks involved. Only licensed entities can legally offer virtual asset services in Dubai!

📜 New Marketing Rules:

As of September 26, all promotional materials regarding virtual assets must include a disclaimer about the volatility of crypto investments. VARA’s CEO, Matthew White, stated that these measures aim to foster transparency and trust in Dubai’s crypto ecosystem.

🌟 The Bottom Line:

Dubai is committed to creating a secure and transparent environment for investors. Non-compliance will not be tolerated, paving the way for a trustworthy crypto market where only compliant firms can thrive.

Stay informed and navigate the crypto landscape wisely! Follow @ProfessorMende - Bonuz Ecosystem Founder for the latest updates from Dubai!

🔗 #Dubai #CryptoMarketNews #CryptoNews #BTC #Write2Earn!

🚀 Bitcoin FOMO Is Back: $70K Target in Sight

A $10 billion surge in stablecoin minting over the past few weeks has poured liquidity into the crypto markets, pushing Bitcoin out of its downtrend, according to 10X Research's Markus Thielen. With Bitcoin now breaking above $65,000, Thielen’s analysis suggests a swift move toward $70,000, and potentially new all-time highs. Following the Fed's rate pause in July and its mid-September rate cut, $10 billion in stablecoins were minted, significantly surpassing spot ETF flows. Circle’s USDC made up 40% of these inflows, indicating a possible rise in DeFi activity, unlike the typical capital-preservation association with Tether (USDT). This flood of liquidity is a key factor in Bitcoin’s upward momentum.

Thielen also highlighted that 55% of Bitcoin’s mining currently comes from Chinese mining pools. With China’s fiscal stimulus measures post-Fed rate cut, there could be large capital outflows from China into cryptos, further driving the market’s liquidity and boosting Bitcoin prices. With Bitcoin reaching $66,300, Thielen predicts an exceptionally high chance of a major Q4 rally, with gains likely to be front-loaded. The current bullish sentiment and influx of liquidity suggest that FOMO (fear of missing out) is creeping back into the market, potentially fueling a surge past $70,000.

As Bitcoin inches closer to its 2023 highs, the question is: Are you holding enough to ride this new wave?
Follow @Professor Mende - Bonuz Ecosystem Founder for more updates!

#FOMC #BTCReboundsAfterFOMC #SpotGoldATH #CryptoMarketNews #PricePrediction  $BTC

🚨 Brazil Lifts Freeze on Starlink and X Accounts After $3M Fine Payment! 🚨

Brazil’s Supreme Court has unfrozen bank accounts linked to Elon Musk’s Starlink and the social media platform X, after a hefty $3.3M fine was transferred to the national treasury. 💸

The fines came after X was found guilty of not blocking accounts accused of spreading misinformation and hate speech—content deemed a threat to Brazil’s democracy. Although the financial penalties are settled, X remains blocked in Brazil since August 30. 🚫

The case continues to shake the legal landscape as Brazil's Attorney General’s Office recently argued that banning X does not infringe on free speech rights. Meanwhile, other legal challenges persist, keeping this story one to watch closely! 👀

#Starlink #SocialMediaBan #XPlatform #CryptoMarketNews #Binance

🚀 BONUZ Enables Crypto Mass Adoption!

Despite crypto's growing appeal, a major barrier is keeping everyday users at bay—technical literacy. According to a survey by Australian exchange Swyftx, 43% of respondents haven’t adopted crypto due to confusion over how it works. Similar findings were reported globally, where a lack of understanding around blockchain and crypto storage hinders adoption.

Technical jargon such as “blockchain” and “tokens” can be intimidating, making the technology appear complex and exclusive. Industry insiders like Lance Morginn, President of Blockchain Intelligence Group, acknowledge that crypto terms often “scare people away.”

The crypto sector has seen spikes in adoption with initiatives like spot Bitcoin ETFs, making entry into the market simpler. However, many remain deterred by issues like secure crypto storage. Kadan Stadelmann, CTO of Komodo Platform, points out that overly complicated security setups may drive users to custodial exchanges—defeating crypto’s decentralized ethos. Ironically, complex setups could make systems less secure, increasing the risk of losing funds.

Complexity, confusion, and onboarding issues are some of the reasons why I created Bonuz. As we removed the need for seedphrases and started using a social login option (for example, Google login), we are paving the way for seamless crypto use and exchange. Crypto has to be simple, intuitive, and user-friendly, which is exactly what we try to enable with BONUZ. If you haven't checked out my project yet, stay informed and visit us on bonuz.xyz. There are only a few weeks left until the hard launch, so if you're looking to join an amazing project - look no further. Bonuz is here to stay! Bitcoin is here to stay and lot of other epic onchain technologies are here to stay!

Have a fantastic day and stay awesome!
Mende out!

#cryptonews #adoption #CryptoMarketNews #bonuz #crypto $BTC

🚀 Stripe’s New Stablecoin Payments Succeed in 70 Countries on Day 1!

Stripe has made a huge leap back into the crypto world by rolling out USDC stablecoin payments, and the response? Massive! Users from 70 countries jumped on board on the first day, signaling explosive global demand for stablecoin transactions. 💥

Stripe, which first dipped its toes into crypto by accepting Bitcoin back in 2014, backed away in 2018 due to slow confirmations and high fees. But now, they’re back with USDC as their stablecoin of choice, bringing blockchain payments to businesses everywhere—an exciting move after years of planning and building a blockchain team in 2021.

Why the excitement? Well, stablecoins like USDC offer low-cost, efficient transactions, which Stripe’s product lead Jeff Weinstein highlights as a critical reason: “Businesses want to reach more customers at lower costs—and stablecoins are showing they can help achieve that.”

Here’s what you need to know about Stripe’s new offering:
- Supports USDC on Ethereum, Solana, and Polygon.
- Transactions convert into USD before hitting wallets.
- Charges 1.5% on transactions, keeping it competitive.

In collaboration with Coinbase, Stripe also integrated fiat-to-crypto ramps, expanding seamless entry into crypto for both platforms.

As more and more companies look to unlock new markets, Stripe’s return to the crypto space isn’t just big news—it's a signal that stablecoins are gaining real momentum as a serious means of exchange.

Crypto payments are back, and they’re bigger than ever! Follow @Professor Mende - Bonuz Ecosystem Founder for more updates!

#stripe #USDC #CryptoMarketNews #CryptoNews #Crypto $USDC

🚨 Dubai Cracking Down On Unlicensed Crypto Companies

Dubai’s Virtual Assets Regulatory Authority (VARA) just threw down the gauntlet on unregulated crypto firms, issuing hefty fines and cease-and-desist orders to seven entities operating without the required licenses or breaking marketing rules. This isn't just a slap on the wrist—these fines range from $13,600 to $27,200, a clear signal that Dubai is getting serious about protecting its booming crypto sector.

VARA didn’t name the firms, but the message is loud and clear: play by the rules or get out. The crackdown goes beyond just financial penalties—firms were also ordered to halt all crypto activities and advertising until they comply with regulations. This is part of a larger move by VARA to safeguard both investors and the market’s reputation.

In an effort to protect users from financial risks, VARA warned the public to avoid engaging with unlicensed firms, highlighting the legal and reputational dangers of interacting with rogue players in the industry. They’ve made it crystal clear that only licensed entities can legally offer virtual asset services in Dubai.

The regulator has been tightening its grip on the crypto marketing space too. As of Sept. 26, any promotional material around virtual assets must carry a disclaimer, reminding investors that crypto is volatile and could lose value. VARA’s CEO, Matthew White, emphasized that these rules are designed to foster transparency and trust in Dubai’s crypto ecosystem, ensuring companies act responsibly.

For those in the industry, the message couldn’t be clearer: Dubai won’t tolerate non-compliance. VARA’s commitment to creating a secure and transparent environment for investors is setting the stage for a well-regulated, trustworthy crypto market—one where only the most compliant firms will thrive.

Follow @Professor Mende - Bonuz Ecosystem Founder for more updates around Dubai!

#Dubai #Crypto #UAE #CryptoMarketNews #CryptoNews $BTC

🚨 8,000 Bitcoin LOST - British Man Sues Council for $647M
James Howells, an IT engineer from Newport, has launched a £495 million ($647M) lawsuit against Newport City Council after the local authorities blocked his request to excavate a landfill in search of his lost hard drive containing 8,000 Bitcoin.
Back in 2013, Howells accidentally threw out the hard drive during a household clearout, and it’s now worth nearly half a billion pounds as BTC prices surged since then. Over the years, Howells has desperately tried to retrieve the drive, only to face repeated denials from the council, which cited environmental risks.
🗑 The Decade-Long Search: Howells' Bitcoin was worth about £1 million ($1.3M) when he first discarded the drive. Fast forward to today, and it's worth hundreds of millions, sparking his legal battle.
Despite offering the council 10% of the Bitcoin if recovered, Newport officials continue to block excavation, pointing to potential risks involving asbestos, arsenic, and methane in the landfill.
🤖 The Futuristic Pitch: In 2022, Howells even presented an $11 million plan using robots and AI to sift through the estimated 110,000 tonnes of waste without cost to the council. Yet, the authorities remain firm, questioning the legality and feasibility of the project.
The case is now set to go to court in December, with Howells’ legal team determined to break through the council’s resistance.
💡 Takeaway: This case highlights the importance of securing your crypto assets, keeping hardware wallets safe, and backing up recovery phrases securely. Don’t let a simple mistake lead to losing life-changing amounts of Bitcoin!
#Bitcoin #btc #CryptoMarketNews #Blockchain #Cryptocurrency $BTC