Before taking the stage at the Bitcoin 2023 conference in Miami, U.S. presidential hopeful Robert F. Kennedy Jr. emphasized the democratic nature of bitcoin, calling it an “exercise in democracy.” Additionally, during his Florida appearance, Kennedy revealed that his campaign would accept bitcoin for political contributions.

RFK Jr. Champions Bitcoin as a Democratic Tool, Now Accepts Leading Crypto for Campaign Contributions

Robert F. Kennedy Jr., a Democrat challenging incumbent U.S. president Joe Biden, declared that his campaign would welcome bitcoin (BTC) donations. At the conference, Kennedy underscored the widely recognized connection between bitcoin and the pillars of democracy and liberty. If elected president, he pledged to “ensure the United States remains the global hub of bitcoin.”

Many attendees at the Bitcoin 2023 conference expressed approval of Kennedy’s remarks. One individual tweeted, “Truly surreal to listen to a Kennedy speak to how his presidency would secure bitcoin’s place in the defense of the nation’s civil liberties.” Before delivering his keynote speech, Kennedy said that “everybody is so passionate about bitcoin not just because it’s a currency, but because it’s an exercise in democracy.”

Kennedy has recently cautioned against the potential dangers of a central bank digital currency (CBDC). Following these statements, he warned that America could face a severe economic crisis, emphasizing that “It’s not just the banks.” At Bitcoin 2023, Kennedy focused on decentralization, commenting on how people “are seeing today how fragile our over-centralized system is.”

Kennedy, also known as RFK Jr., is the nephew of former U.S. president John F. Kennedy and late U.S. senator Robert F. Kennedy. The candidate recently announced U.S. congressman Dennis Kucinich as his campaign manager. At the time of writing, Kennedy24.com—the official campaign website—features a donation section accepting bitcoin payments. The bitcoin (BTC) payment portal directs users to an opennode.com checkout page that does require various identification requirements.

#Binance #feedfeverchallenge #dyor #Binance #BTC

Bitcoin Pizza Day commemorates an extraordinary event in the early days of Bitcoin when cryptocurrencies were just gaining traction as a form of payment. On May 22, 2010, Laszlo Hanyecz, a Florida resident, made history by exchanging 10,000 BTC for the delivery of two large pizzas, marking the first-ever Bitcoin transaction for physical goods.

The Genesis of the Story

In a Bitcoin forum post on May 18, 2010, Laszlo, also known as "Laszlo," offered an intriguing proposition: he would trade 10,000 Bitcoins (worth around $41 at the time) for two pizzas, which typically cost $25-30. While the concept did not generate significant enthusiasm among forum members, Laszlo was determined to make a statement by paying for a pizza with Bitcoin. The original thread from the Bitcointalk forum still exists, along with the transaction details.

Four days later, Laszlo's wish came true when a fellow Bitcoin enthusiast named Jercos from Great Britain agreed to have two Papa John's pizzas delivered to Laszlo. However, the true significance of this event unfolded as the value of Bitcoin soared over time.

Rising Value, Million-Dollar Pizzas

As Bitcoin's value skyrocketed, Laszlo's pizza purchase became increasingly extravagant. By the end of that year, the value of one Bitcoin had reached parity with the US dollar. Laszlo eventually sold his remaining Bitcoins for $4,000, investing the proceeds in new computer equipment. By 2015, the value of those two pizzas had surpassed a staggering $2.4 million.

Celebrating Bitcoin Pizza Day

Today, the acceptance of Bitcoin as a payment method is on the rise, with businesses both small and large embracing this new financial frontier. Some companies even offer special discounts to commemorate Bitcoin Pizza Day. In May 2019, for example, Huobi Global provided a 50% discount on pizzas purchased through their platform, aptly named Huobi Prime. Initially seen as a joke, this marketing tactic proved successful, according to Huobi Global CEO Livio Weng.

Enthusiasts continue to celebrate the occasion by comparing the value of those pizzas in Bitcoin to their current equivalent in US dollars, often sharing these calculations on Twitter. As of now, the cost of those pizzas stands at a jaw-dropping $96,667,750, captivating approximately 7,800 followers.

Life after Pizza: Laszlo and Jercos

Eight years after their groundbreaking transaction, Laszlo Hanyecz and Jeremy, or Jercos, shared their perspectives on their lives, any regrets they may have, and the role of cryptocurrency in their daily routines during an interview with Cointelegraph.

Laszlo considers cryptocurrency as a "side project" while still working as a software programmer. He has also played a part in popularizing Bitcoin in his workplace, where his company now accepts it as a payment option. Additionally, Laszlo teaches his young children the fundamentals of cryptocurrency, believing that this knowledge will benefit them in the future.

Jeremy, known as Jercos, used the Bitcoins he received from Laszlo to embark on various travel adventures, ultimately earning $200. Today, cryptocurrency continues to play a role in Jeremy's life, having amassed approximately 40,000 BTC. He also utilizes Litecoin and Dogecoin.

Both Laszlo and Jercos express no regrets about spending their Bitcoins before their unprecedented surge in value. They explain that they had no interest in transitioning to full-time mining or trading.

Life is full of what-ifs. What would have happened if Laszlo had delayed his Bitcoin experiment? Would he have become more involved in cryptocurrency activities? Unfortunately, we will never know the answers to these questions. Nevertheless, the Bitcoin pizza story remains captivating and stands as a significant milestone in the memory of Bitcoin users and enthusiasts alike.

#binancepizza #dyor #Binance #BNB #BTC

Xrp rose for a fifth straight session on Thursday, as the token moved close to a two-week high. The rise comes as cryptocurrencies rebounded from recent losses, with the global market cap up 1.38% as of writing. Cardano also surged, hitting an 11-day peak.

XRP

Xrp, formerly ripple, was once again a big mover in cryptocurrency markets, climbing by as much as 5% on Thursday.

Following a low of $0.4389 on Wednesday, XRP/USD rose to a peak of $0.4713 earlier in today’s session.

As a result of this surge, the token moved to its strongest point since April 30, when price was above $0.4800.

XRP/USD – Daily Chart

From the chart, it appears that this latest rise comes as the relative strength index (RSI) moved beyond a key resistance level at 55.00.

At the time of writing, price strength is at the 55.71 mark, with the next visible ceiling at the 61.00 point.

If bulls were to take the RSI to this point, there is a good chance that XRP could recapture the $0.4800 level.

Cardano (ADA)

In addition to XRP, cardano (ADA) also rose significantly, hitting an 11-day high in today’s session.

ADA/USD jumped to an intraday high of $0.3798 earlier today, which follows on from Wednesday’s low at $0.3658.

This has resulted in the token climbing for a third consecutive day, reaching its strongest level since May 7.

ADA/USD – Daily Chart

Overall, cardano is up by as much as 7% in the past week, this coming as the 10-day (red) moving average begins to gain momentum.

Should the trend line continue to climb in its current direction, a crossover with its 25-day (blue) counterpart is highly likely.

For this to happen the RSI will need to break out of a ceiling at 47.00.

#feedfeverchallenge #Binance #crypto2023 #BNB #binancepizza

Based on recent data, the Litecoin (LTC) network has seen a considerable surge in activity due to an increase in Ordinal inscription minting happening on its blockchain. The cryptocurrency’s value has risen by more than 13% in the past week, although it has dipped more than 4% within the last 24 hours. Additionally, the Litecoin network is expected to halve its block reward in fewer than 77 days.

Litecoin Activity Soars With Ordinal Inscriptions Driving Transaction Boom

This week, Litecoin has experienced a significant volume of transactions, mirroring the recent activity on the Dogecoin network. This heightened activity is primarily attributed to the substantial influx of Ordinal inscriptions, with Litecoin registering over 2.58 million inscriptions to date. The growing number of inscriptions has significantly driven LTC’s daily transaction volume this week.

Litecoin daily transactions according to bitinfocharts.com.

On May 6, 2023, the number of LTC daily transactions surpassed 400,000. By May 10, four days later, LTC had processed over 584,000 transactions as documented by bitinfocharts.com. Just five days afterward, on May 15, Litecoin miners verified slightly above 500,000 transactions. Since February 22, 2023—when LTC recorded just over 13,000 Ordinal inscriptions—the figure has soared by an impressive 198,694% within a span of 85 days.

In contrast to its recent decline of over 4% against the U.S. dollar, LTC has registered a weekly growth rate of 13%. Ranked as the world’s twelfth-largest cryptocurrency by market capitalization, Litecoin’s Ordinal inscriptions have been circulating longer compared to Dogecoin DRC20s or “Doginals.” Recently, Dogecoin saw its transaction numbers escalate significantly—reaching an all-time high of approximately 1.12 million DOGE transactions on May 17.

On or around August 3, 2023, LTC is projected to halve its block reward—from its current 12.5 LTC to 6.24 LTC. In line with this shift, Litecoin will become the next proof-of-work (PoW) blockchain to halve its reward allocation, preceding Bitcoin Cash (BCH), Bitcoinsv (BSV), and Bitcoin (BTC).

#BTC #feedfeverchallenge #crypto2023 #dyor #binancepizza

On Thursday, California-based bitcoin voucher company Azteco revealed it had garnered $6 million in seed funding through a round spearheaded by Block, Inc.’s CEO and chairperson, Jack Dorsey. Azteco stated that the newly acquired capital would further its objective to “provide billions of people” with a “solution that promotes financial inclusion and long-term stability.”

Jack Dorsey Leads $6 Million Investment in Azteco

Azteco, a firm offering minute bitcoin (BTC) portions through a voucher system, announced raising $6 million in seed funding. The investment round was directed by Block executive Jack Dorsey, accompanied by participants such as Lightning Ventures, Hivemind Ventures, Ride Wave Ventures, Aleka Capital, Visary Capital, and Gaingels. Investors David Van Der Weele and Sunil Rajaraman also took part in Azteco’s seed round.

Azteco aims to assist the unbanked through bitcoin solutions, with the startup’s founders convinced that “bitcoin presents a low-cost, secure, and flexible alternative to traditional banking that removes payer fraud and allows the unbanked population to store value, make purchases, and access credit without a traditional bank account.” In Thursday’s statement, Dorsey expressed his involvement stemming from an earnest admiration for the startup’s mission.

The principal executive officer of Block remarked:

The unbanked population is immense. We have the technology and resources to close this gap, but until now, no one has taken that important next step. Azteco is providing so much more than just access to a secure financial system; it is building an ecosystem of financial self-determination that is secure and supported by local communities. I am honored to support them.

Founded in 2014, Azteco’s voucher system has enabled users to save, spend, and transfer small bitcoin amounts. “This investment is a catalyst to help us achieve our mission of bringing unconditional financial freedom and control to the next billion users,” Paul Ferguson, the co-founder of Azteco stated. “This funding will fuel our market activation and product refinement efforts, enabling us to reach consumers more effectively, to develop deeply intuitive products and empower individuals worldwide to participate in global commerce regardless of their financial or technical experience level.”

#feedfeverchallenge #BTC #crypto2023 #dyor #binancepizza

Although Bitcoin’s network transaction fees have decreased and a portion of the unconfirmed transfer backlog has diminished, the protocol still grapples with over 289,000 transactions awaiting confirmation. As of this writing, more than 218 blocks must be processed to fully alleviate this congestion.

Bitcoin’s Lingering Transaction Backlog

Data collected on May 20, 2023, at 1:35 p.m. Eastern Time reveals approximately 289,385 unconfirmed BTC transactions lingering in the backlog. This is slightly lower than the figure recorded nine days earlier on May 11, when just over 300,000 transactions were pending miner confirmation. However, fees have fallen since then; at that time, a high-priority fee was $3 per transaction.

Mempool.space data recorded on May 20, 2023, at 1:35 p.m. Eastern Time.

Currently, mempool.space statistics indicate that a high-priority fee stands at $1.81 per transaction, while a medium-priority fee costs $1.62. A low-priority transfer, according to the site’s data, will amount to $1.47 per transaction on Saturday afternoon. Meanwhile, metrics from bitinfocharts.com show the average BTC transaction fee as 0.00023 BTC per transaction, or $6.07. Concerning median-sized transaction fees on the Bitcoin network, bitinfocharts.com reports a fee of around 0.00013 BTC or $3.55 per transfer.

The persistence of Bitcoin’s unconfirmed transfer backlog has led some to speculate that demand may eventually wane. Yet others argue that demand could endure for an extended period owing to Ordinal inscriptions and BRC20 tokens‘ existence. Presently, about 8,128,158 inscriptions can be found on the Bitcoin blockchain. Moreover, the current value of the 24,677 BRC20 tokens in existence is an estimated $592 million.

Despite the ongoing inscription and token trend occurring on Litecoin and Dogecoin blockchains as well, minting and transactions linked to inscriptions and BRC20s have not decelerated on the Bitcoin network. Furthermore, the Lightning Network (LN) capacity has consistently declined since our last report on the issue, which indicated the LN held 5,415 BTC on May 14. That figure has since contracted to 5,367 BTC.

#feedfeverchallenge #Binance #BTC #crypto2023 #binancepizza

XRP was marginally lower on Saturday, as bulls seemingly secured gains, following a recent six-day winning streak. The token, which has risen by nearly 10% in the past week, remains close to a three-week high. Polkadot remained in the green to start the weekend.

XRP

XRP, formerly ripple, remained close to a multi-week high to start the weekend, despite bulls moving to secure recent gains.

Following a peak at $0.4738 on Friday, XRP/USD declined to a bottom at $0.4627 earlier in the day.

Despite the decline, XRP remained close to its strongest point since April 30, when the price reached a top of $0.4818.

Looking at the chart, one of the catalysts of the move appeared to be a breakout on the relative strength index (RSI).

The index moved beyond the ceiling of 54.00, and as of writing, is now tracking at 56.09.

Bulls are likely targeting the $0.4800 mark, and could reach it this weekend, should the RSI move towards its next point of resistance at 59.00.

Polkadot (DOT)

In addition to XRP, Polkadot (DOT) extended its own gains on Saturday, as the token rose for a second straight session.

DOT/USD climbed to a high of $5.41 to start the weekend, following a low at $5.33 the day prior.

Saturday’s move comes as polkadot continued to move away from a recent support point at $5.30.

The slight increase in price has also led to the RSI moving towards resistance at 42.00, which is acting as an obstacle to further bullish pressure.

There is a good chance that DOT could make a run towards $6.00, should this current ceiling give way.

#feedfeverchallenge #Binance #BTC #crypto2023 #binancepizza

Bitcoin started the weekend in consolidation, as markets remained nervous despite somewhat dovish comments from U.S. Fed Chair Jerome Powell. Speaking on Friday, Powell stated that rates may not be increased by as much as initially expected. Ethereum rose marginally higher today.

Bitcoin

Bitcoin (BTC) consolidated below $27,000 to start the weekend, despite dovish comments from Federal Reserve Chair Jerome Powell.

Following a high of $27,128.62 during yesterday’s session, BTC/USD dropped to an intraday low of $26,700.21 earlier today.

The move sees bitcoin remain relatively close to a floor at $26,300, and comes despite optimism that the Fed could soon begin to ease monetary policy.

Looking at the chart, the volatility in the market comes as the 14-day relative strength index (RSI) continues to track below a key resistance level.

At the time of writing, the index is tracking at 40.75, which is below a ceiling at 42.00

In order for BTC to remain firmly above $27,000, and begin to head towards $28,000, this point will need to be broken.

Ethereum

Ethereum (ETH) on the other hand was marginally higher on Saturday, as prices remained above $1,800.

ETH/USD hit a high of $1,826.19 earlier in the day, which comes less than 24 hours after nearly dropping below $1,800.

Since dropping to a floor at $1,790 earlier in the week, ETH bulls have managed to keep price away from this point.

Similar to BTC, ethereum’s RSI continues to hover below a resistance point at 46.00, and is now at a reading of 44.84.

A breakout will also need to occur at this zone, in order for bullish momentum to fully return to ethereum.

#feedfeverchallenge #Binance #BTC #dyor #binancepizza