-9% in one day?, that’s too strong. apparently #BTC took the shitcoin spotlight this morning. this area is for hard heads

🗞 Metamask is testing a Mastercard payment card that would allow users to spend their crypto "on everyday purchases, anywhere cards are accepted." (CoinDesk)

The CEO of#Bitcoinannounces that despite a sharp increase in demand, the production of bitcoins will be reduced dramatically within a few weeks!

#AXSInfinity is undoubtedly a crypto that will explode during this bullrun because its visibility is growing more and more and its gaming bases are solidifying, giving a confidence that attracts investors. #PIXEL is based on the blockchain #RONIN a blockchain developed by #SKYmavis the co-founder of AXS. Recently the cryptocurrencies of this blockchain called #RONIN are listed on #Binance. which implies that binance continues to trust the entire AXS team despite the hack it suffered. This is not investment advice.

Reasons for Waiting for Approval of Requested Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) is carefully reviewing applications for approval of BlackRock's Bitcoin-related ETFs. The SEC's primary concerns include investor protection, potential market manipulation, and the safety of underlying assets. Regulatory authorities seek to ensure that financial products linked to cryptocurrencies meet rigorous standards before being approved. Deadlines and decisions depend on the in-depth evaluation of these aspects.

XRP's Recent Rise Above $0.72 Sparks Anticipation of Correction, While Wall Street Expert Linda Jones Expects Ripple Swell Holding in Dubai to Have Impact additional on XRP. In the last 24 hours, XRP surpassed the $0.72 mark for the first time in around four months. Although XRP has maintained a steady uptrend in recent days, with a notable gain of around 37% in two weeks, leading market experts suggest that a correction is on the horizon for the digital asset. These analysts say that XRP could return to around $0.55 before embarking on its parabolic rise beyond the $1 threshold. XRP personalities who support this view include XRPayNet social adoption manager “KingDoggoXRP” and Wall Street analyst Linda Jones. In a recent tweet, KingDoggoXRP warned XRP enthusiasts against looking for candles that are too greenish. He noted that bullish candles often enter retracement mode after days of sustained upward trajectory, leaving new investors in losses.

From the Moon to the cell: SafeMoon crypto leaders arrested in the United States

The United States government has just arrested the senior executives of the SafeMoon (SFM) cryptocurrency, namely Kyle Nagy, Braden John Karony and Thomas Smith. They are accused of quietly stealing more than $200 million from the project, misappropriating investors' funds to finance a flamboyant lifestyle. The price of the SFM token fell by almost 60% following the news.

source: cryptoast

Ripple CEO Brad Garlinghouse has taken a strong stance against former US Securities and Exchange Commission (SEC) Chairman Jay Clayton over the agency's regulatory approach.

This comes as the SEC has been actively pursuing regulatory action against various crypto exchanges and companies since early 2023.

In a recent interview with CNBC on June 29, 2023, Jay Clayton expressed his belief that the SEC should only take legal action against specific companies when there is a strong legal basis to do so.

He stressed the importance of regulatory agencies introducing regulations and lawsuits that they believe will successfully withstand judicial scrutiny.

Garlinghouse wasted no time responding to Clayton's statements, pointing out that the former SEC chairman filed a lawsuit against Ripple, himself, and Ripple co-founder Christian Larsen in December 2020 .

In that lawsuit, the SEC accused the company and the two executives of conducting an “ongoing, unregistered offering of digital asset securities” and claimed they raised more than $1.3 billion through the sale of the XRP token.

The SEC's decision to dismiss the allegations without prejudice came after Judge Analisa Torres ruled partially in Ripple's favor in July.

She said retail sales of the XRP token did not meet the legal definition of a security.

While Clayton's remarks suggest a more cautious approach to regulatory action, Garlinghouse's sharp criticism is a reminder of the contentious legal battles and regulatory uncertainty that continue to surround the cryptocurrency space.

Billions of dollars could potentially be invested in Bitcoin if the US SEC approves the spot ETF.

..BITCOIN after ETF approval

An ETF indexed to bitcoin is therefore an investment medium, the performance of which will be strictly linked to the evolution of bitcoin prices. This will allow investors to gain exposure to bitcoin without worrying about holding or converting bitcoin.

The trend of all crypto enthusiasts at the moment is ETF. The Bitcoin-indexed ETF will be the start and the others will follow. this will allow many people to invest in crypto without fear and will make it appear legal in the eyes of banks. This news will bring many millions out of the crypto world.

this is in no way investment advice.
#DYOR,

X (Twitter): Elon Musk wants you to trust him with all your money by the end of 2024

During an internal meeting, Elon Musk deployed his vision for the transformation of X into a complete financial platform by the end of 2024. The billionaire plans to replace traditional banks with what was formerly Twitter. A revolution that will “make you hallucinate,” he assures. Obviously.
Little riddle: what is Elon Musk's favorite phrase? “You won’t believe it”, “you will hallucinate” and other similar joys. The billionaire is indeed very fond of rave promises, which he distributes on the fly at each of his conferences – and which, very often, he struggles to carry out. Which does not prevent him from doing the same with his employees.

According to information from The Verge, Elon Musk held an internal speech this Thursday on the future of -A. The agenda was the integration of banking functionalities, a project dear to the heart of the businessman.

Users can now purchase XRP and Shiba Inu using multiple bank payment methods worldwide.
Shiba Inu enthusiasts can now purchase SHIB using multiple international banking payment methods, thanks to a partnership between BitPay and Banxa.
To expand the payment methods available to its users, BitPay has partnered with Canadian payment provider Banxa.
According to an announcement, the initiative will allow BitPay users around the world to easily purchase crypto assets, including XRP and SHIB.
Besides Shiba Inu and XRP, users can take advantage of the newly added payment methods to purchase other crypto assets supported by BitPay, such as BTC, ETH, BCH, DOGE, BUSD, USDC, ADA, and LTC.
BitPay Newly Added Payment Methods
Thanks to the BitPay and Banxa partnership, the following payment methods are now available on the BitPay platform.
PIX
The PIX payment method will serve the crypto community in Brazil, allowing members to purchase XRP, SHIB and other assets on the BitPay platform.

Bank transfer in Türkiye
With this payment method, crypto enthusiasts in Turkey can purchase all crypto assets supported by BitPay, including XRP and SHIB, within minutes.

Other payment methods added on BitPay through the Banxa partnership include South Africa Bank Transfer, SPEI, Khipu, PSE and Thai QR.

Since BitPay added support for Shiba Inu, the cryptocurrency payment provider has rolled out some interesting initiatives that provide real-world use cases for SHIB.

As reported in August, BitPay launched a payment solution that allows Shiba Inu holders to pay bills, ranging from car payments to personal loans.

BitPay has partnered with major payment providers, including Ramp Network and MoonPay, to facilitate Shiba Inu purchases.

Floki jumps 18% after project unveils new token to take on $16 trillion industry

The Floki blockchain project is expanding its ecosystem. On October 27, Floki plans to unveil its new platform, TokenFi, and a token, TokenFi (TOKEN), which will support the new project.
Notably, TokenFi is an attempt by Floki to harness the potential that blockchain-based tokenization brings to the financial economy. The project cites public research that estimates the tokenization industry will ultimately be valued at more than $16 trillion by 2030.

Therefore, TokenFi hopes to capitalize on this opportunity and bring immense value to its community. The price of FLOKI, listed on Binance, jumped 18% following the announcement of the upcoming release of the token.

Relationship between Floki and TokenFi

According to Floki, the new TokenFi platform and its token will coexist with the FLOKI token. Floki plans to distribute 56% of the TokenFi (TOKEN) supply through the staking program over the next four years.

The project also shared additional details about the new token. For example, it will have a maximum supply of 10 billion coins issued uniformly across the Ethereum and BNB Chain networks. Additionally, Floki will provide initial liquidity for the asset on Uniswap and Pancakeswap, giving it an initial circulating market cap of $50,000 and a fully diluted value of $500,000.

Floki also plans to introduce additional measures to ensure a smooth launch. The project will implement a 20% tax on buyers and sellers within the first hour after the release of the new token. Additionally, no individual can purchase more than 1% of the token supply (100 million tokens) at launch.

.

3 cryptocurrencies destined to be the next Bitcoin
These cryptos to buy have the potential to become the next Bitcoin

These cryptocurrencies have similar longevity and returns to investors as Bitcoin.
Quant (QNT-USD): Quant creates several important features.
Hedera (HBAR-USD): Enterprise opportunities are what fintech and crypto will be made of.
Cardano (ADA-USD): Cardano is taking the unsexy path of crypto development.
Bitcoin (BTC-USD) is a phenomenal success story. The numbers behind this are truly mind-blowing. For example, between 2010 and 2022, Bitcoin generated average annual returns of 1,576% and a total return of 18.7912%.

Its market capitalization of $602 billion represents approximately 60% of the total capital of the entire cryptocurrency market. Despite some spectacular scams, crypto is here to stay and many incredible projects that will solve real problems are currently being built.

So, cryptocurrency investors will certainly continue to search for “the next Bitcoin.” To get these returns, look for utility and integration into the broader financial system.