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Ripple CEO Calls Gensler "Luddite of His Time" Ripple CEO Brad Garlinghouse has once again lambasted U.S. Securities and Exchange Commission Chair Gary Gensler, calling him "the Luddite of his time. Garlinghouse compared the SEC boss to the members of a popular anti-industry movement that emerged in the early 19th century. Its members were fighting against various types of machinery in Yorkshire and Lancashire. They argued that machines were being used in order to unfairly reduce wages. The Luddites would go to extreme lengths to oppose industrialization, resorting to machine braking and aggression. The term continues to be used in various discourses to refer to people who oppose innovation. "Neo-Luddism," a modern version of the term, is a movement of people who show resistance to modern technologies. Genser, despite teaching about blockchain at MIT, has faced severe criticism for attempting to stifle innovation with his aggressive anti-crypto policies. The Ripple boss repeatedly stressed that the US could fall behind other countries when it comes to cryptocurrency advancements. Last month, Garlinghouse also took Gensler to task for failing to prevent the FTX fiasco in response to the latter's comment about crypto executives either ending up behind bars or awaiting extradition. #FTX.Trading.Ltd #RippleUpdateV #BlockchainLifeAwards2024 #US_Job_Market_Slowdown $BTC $ETH $BNB
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Bitcoin Steady at $58.5K as German State Saxony Moves Over $600M in BTC BTC held largely steady amid the continued divestment of coins, having failed to keep gains above $59,000 during the Asian hours. The wallet associated with the German Federal Criminal Police Office (BKA) moved 5,103.5 BTC during the European hours, according to Arkham Intelligence. BTC held largely steady amid Germany's continued divestment of coins. Bitcoin (BTC) holds steady at around $58,500 amid German state Saxony's fresh movement of coins on-chain, having failed to keep gains above $59,000 during the Asian hours. At press time, the leading cryptocurrency by market value traded at $58,470, down 1.6% from the high of $59,450 reached at 1:06 UTC Per Arkham Intelligence, so far today, the German Federal Criminal Police Office (BKA) has moved over 10,853 BTC worth $637 million, to exchanges Kraken and Coinbase and market makers like Cumberland and Flow Traders, continuing its proactive approach of liquidating BTC seized from a privacy website. On Tuesday, CoinDesk reported that it was the German state of Saxony that has been moving bitcoin for the past few weeks in accordance with standard procedure. #BTC☀ #BTC_Bounce_Back_to_57k #Germangovernment #newsdaily #NewsAboutCryptoOfThisYear $BTC $ETH $SOL
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MEV Has Spread to Bitcoin, in Subtler Forms Than on Ethereum There are several ways to front-run a pending bitcoin transaction. One in particular could lead to private mempools, and thus centralization of authority on the blockchain. Arbitrage opportunities exist in traditional finance and in crypto, but in the latter they are more pronounced due to the visibility of pending transactions and slow settlement times. Although less prominent than on Ethereum, MEV on Bitcoin is emerging through practices like "sniping" Ordinal inscriptions, mining empty blocks, and miner cartelization. MEV emerging on Bitcoin could lead to pressure from the market for mempools to “go private” which would undermine the cryptocurrency's founding tenets. $BTC $ETH #BTC☀ #btcupdates2024 #etherreum #ETH🔥🔥🔥🔥 #newsdaily
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Will the Book of Memecoin go up? $BOME According to our current BOOK OF MEME price prediction, the price of BOOK OF MEME is predicted to rise by 227.95% and reach $ 0.02787 by August 2, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 44 (Fear). #bomesignal #BOMEUpdate #BOMEToken #BOME_TeamOfDevelopersGiveaway #ETH_ETFs_Approval_Predictions
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Crypto hackers are on a rampage! 🚨 Over $1 billion stolen in Q2 2024, with only 24% recovered. Centralized exchanges are becoming prime targets. What does this mean for the future of crypto? #security #web3_binance #blockchaintechnolo $BTC $ETH $BNB
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