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[ad_1] Bitcoin dipped to $20,000 but reacted well and defended that level on the 14th anniversary of the whitepaper’s publishing. The memecoins have stolen the show from the altcoins, with Dogecoin soaring by 25% to another local peak and others, such as SHIB, following along. Memecoins Take Over Ever since Elon Musk brought a sink in Twitter’s headquarters ahead of purchasing the social media platform, Dogecoin’s price has been on a roll. The OG memecoin traded at $0.06 on October 25 before it exploded to over $0.1 during the weekend. It shot up to $0.15 – a 5-month high –…

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[ad_1] The victory President-Elect Luis Inacio Lula Da Silva obtained on Oct. 30 over the incumbent Jair Bolsonaro in Brazil might open the gates for the proposal of a single currency for the countries of Latam. Lula announced this as part of his campaign, preaching the utility of a common currency as a way of fighting inflation and dependence on the U.S. dollar. Brazil’s Lula Might Spearhead Proposal of Single Currency in Latam The tight electoral victory that now-President-Elect Lula Da Silva has obtained on Oct. 30 might bring the rise of a new common currency for Latam, judging by…

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[ad_1] “Three out of the four team members at Porter still feel that the potential for on-chain bond issuances is a massive market,” Bookland said. “The potential for high APY for lenders and non-dilutive funding for DAOs is far too big of an opportunity to ignore. We, therefore, decided to build Arbor Finance with a fork of Porter’s code.” [ad_2] Source link

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[ad_1] Ever since El Salvador legalized Bitcoin (BTC) as mainstream tender, President Nayib Bukele used Twitter on numerous occasions to announce the country’s BTC acquisitions. However, ALAC El Salvador — a non-governmental anti-corruption bureau — was recently denied information from a state development bank, BANDESAL, regarding El Salvador’s Bitcoin purchases and sales.As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants. The request for disclosure of El Salvador’s Bitcoin acquisition was denied on the grounds of confidentiality. Snippet of BANDSEL’s response to ALAC El Salvador —…

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[ad_1] The Ethereum blockchain co-founder, Vitalik Buterin, insisted in a recent tweet that crypto is a better bet than gold, which is not only inconvenient, but difficult to use as well. While Buterin asserts that such characteristics make gold less appealing, some crypto opponents argued that gold is better, because unlike the Ethereum blockchain, it is not controlled by only a few entities. Decentralized Issuer of Money The Ethereum blockchain co-founder, Vitalik Buterin, waded into the crypto-versus-gold debate after he posted a tweet suggesting that the former is a better bet than the precious metal. In his Oct. 26, 2022…

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[ad_1] Still, crypto’s campaign largesse didn’t assure victories during the primaries, as demonstrated by the flameout of Oregon congressional candidate Carrick Flynn after a single industry source spent nearly $1,000 for every vote he landed. Or consider the New York contest in which one of the industry’s chief Washington advocates, Michelle Bond, couldn’t muster one-third of the vote despite courting endorsements from Donald Trump Jr. and Sen. Ted Cruz (R-Texas). [ad_2] Source link

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[ad_1] Crypto-friendly billionaire Elon Musk has become the sole director of Twitter, following the dissolution of nine former board members, according to newly filed documents. In an SEC filing dated Oct. 27, the “consummation” of Musk’s takeover of Twitter came with the dissolution of Twitter’s board members, including Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou.“On October 27, 2022, and as a result of the consummation of the Merger, Mr. Musk became the sole director of Twitter,” the filing reads. The Tesla CEO later tweeted in a response to a…

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[ad_1] In the legal battle between Ripple Labs and the US Securities and Exchange Commission, hardly a day goes by without an exciting news event. The majority of the news is clearly favorable for Ripple and the XRP community. As recently as Sunday, Roslyn Layton wrote an editorial for Forbes in which she expressed, “The SEC has no allies, not even its own experts, who ended up providing ammunition for the defense”. And as recently revealed, Ripple now has another crypto industry heavyweight on its side. As Coinbase Chief Legal Officer Paul Grewal explained via Twitter, the American crypto exchange…

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[ad_1] In its ‘week on-chain’ report on Oct. 31, analytics provider Glassnode made a number of comparisons between the current Bitcoin market cycle bottom and those from previous bear markets. Last week’s relief rally appears to have fizzled out with a double-top rejection, as reported by CryptoPotato yesterday. Glassnode stated that the market was “hammering out a Bitcoin bottom, with almost textbook resemblance to prior cycle lows.” It reported that, as in previous cycles, the Bitcoin bear market has inflicted severe financial loss on investors and hodlers. The last thing that remains is a component of time and investor apathy,…

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