States likely to adopt Bitcoin reserves first: Report
US Senator Cynthia Lummis is a strong advocate for Bitcoin and its potential to revolutionize the financial landscape. However, she also recognizes that progress towards adopting the cryptocurrency as a reserve asset at the federal level may be slow.
In a recent interview, Senator Lummis shared her thoughts on the potential for Bitcoin to become a reserve asset for the US government. She expressed her belief that Bitcoin has the potential to serve as a store of value and a hedge against inflation, making it a valuable asset for the government to hold.
However, Senator Lummis also acknowledged that there may be resistance and hesitation from federal agencies and lawmakers when it comes to adopting Bitcoin as a reserve asset. She believes that this is due to a lack of understanding and education about the cryptocurrency, as well as concerns about its volatility.
Despite these challenges, Senator Lummis remains optimistic about the future of Bitcoin and its potential to be adopted by the federal government. She believes that as more people become educated about the benefits of Bitcoin and its role in the financial system, there will be a gradual shift towards its adoption at the federal level.
In the meantime, Senator Lummis is focused on promoting and advocating for Bitcoin at the state level. She believes that states have the power to lead the way in adopting Bitcoin and setting an example for the federal government to follow.
Senator Lummis’ support for Bitcoin is not surprising, as she has been a vocal proponent of the cryptocurrency since her time as a state treasurer in Wyoming. She sees Bitcoin as a way to promote financial freedom and empower individuals to take control of their own wealth.
While progress towards a Bitcoin reserve at the federal level may be slow, Senator Lummis remains committed to pushing for its adoption and educating others about its potential. With her determination and advocacy, it is only a matter of time before Bitcoin becomes a recognized and valued asset at the federal level.
XRP price to $18K? — One crypto ‘research’ group says it’s possible
A recent analysis by a group of experts has revealed some promising data that could potentially lead to a significant surge in the value of XRP. According to these analysts, there are several key indicators that suggest an XRP rally to $18,000 per coin is on the horizon. This news has sparked excitement and speculation among investors and cryptocurrency enthusiasts alike.
One of the main factors contributing to this potential rally is the increasing adoption and use of XRP by major financial institutions. Ripple, the company behind XRP, has been making significant strides in establishing partnerships with banks and other financial institutions around the world. This has resulted in a growing demand for XRP, which could drive up its value in the near future.
In addition, the recent market volatility and uncertainty surrounding other cryptocurrencies have led many investors to turn to XRP as a more stable and reliable option. This has resulted in a steady increase in trading volume and a rise in XRP’s market capitalization. With more investors showing interest in XRP, it is likely that its value will continue to rise.
Furthermore, the technical analysis of XRP’s price chart also supports the possibility of a rally. The coin has been trading in a bullish pattern, with its price consistently staying above key support levels. This indicates a strong buying sentiment and suggests that XRP could potentially break out to new all-time highs in the near future.
Of course, it is important to note that these are just predictions and there is no guarantee that XRP will reach $18,000 per coin. However, the data and trends certainly seem to be pointing towards a positive outlook for XRP. As always, it is important for investors to do their own research and make informed decisions when it comes to cryptocurrency investments.
In conclusion, the potential for an XRP rally to $18,000 per coin is certainly an exciting prospect for investors. With increasing adoption, growing demand, and positive technical indicators, it is clear that XRP has a lot of potential for growth in the coming months. Only time will tell if these predictions will come true, but one thing is for sure – the future of XRP is looking bright.
Trump company files trademarks for branded metaverse, NFT marketplace
DTTM Operations, a company owned by former US President Donald Trump, has recently made a bold move in the world of cryptocurrency by filing trademark applications for the word “TRUMP” in relation to the emerging metaverse and NFT marketplace.
The metaverse, a virtual world where users can interact with each other and digital assets, has been gaining popularity in recent years. With the rise of non-fungible tokens (NFTs), which are unique digital assets that can be bought and sold on the blockchain, the metaverse has become a hot topic in the tech and finance industries.
DTTM Operations’ decision to trademark the word “TRUMP” in connection with the metaverse and NFT marketplace is a strategic move that could potentially secure the company’s position in this rapidly growing market. By trademarking the word, DTTM Operations would have exclusive rights to use it in the metaverse and NFT space, potentially giving them a competitive advantage over other companies.
This move also reflects Trump’s interest in the world of cryptocurrency. Despite his previous criticism of Bitcoin and other cryptocurrencies, Trump has recently shown a growing interest in the industry. In June 2021, he stated that he believes Bitcoin is a “scam” and that he would not invest in it, but also acknowledged that it has potential to become a currency. This trademark filing further solidifies Trump’s involvement in the crypto world.
However, this move has also sparked some controversy. Some have criticized Trump for trying to profit off of the metaverse and NFT craze, while others see it as a smart business move. Regardless, it is clear that the metaverse and NFTs are becoming increasingly mainstream, with even former presidents getting involved.
It remains to be seen how DTTM Operations’ trademark applications will be received and if they will be approved. But one thing is for sure, the metaverse and NFT marketplace are here to stay, and Trump’s involvement in this space is a testament to its potential for growth and innovation.
Crypto Biz: Weeks like this will rattle your conviction
Last week was a tumultuous one for the cryptocurrency market, with a series of events causing major disruptions and uncertainty. The biggest news was the $1.4 billion hack of popular exchange platform Bybit, which sent shockwaves through the industry and raised concerns about the security of digital assets.
But that wasn’t the only issue plaguing the market. There were also efforts to “Kill Tether,” the controversial stablecoin that has long been a source of controversy and speculation. This, combined with a sudden drop in the price of Bitcoin, created a perfect storm of chaos and confusion for investors.
The Bybit hack, which was one of the largest in the history of cryptocurrency, exposed vulnerabilities in the exchange’s security system and raised questions about the safety of other platforms. It also highlighted the need for stricter regulations and better security measures in the industry.
Meanwhile, the ongoing battle to “Kill Tether” gained momentum as critics continued to question the stablecoin’s legitimacy and its impact on the market. Tether, which is pegged to the US dollar, has been accused of artificially inflating the price of Bitcoin and other cryptocurrencies. As a result, many are calling for its demise in order to create a more stable and transparent market.
To add to the chaos, the price of Bitcoin suddenly plummeted, causing panic among investors and triggering a wave of sell-offs. This sharp decline, which was attributed to a combination of factors including the Bybit hack and concerns over Tether, further highlighted the volatility and unpredictability of the cryptocurrency market.
Despite these challenges, many experts remain optimistic about the future of cryptocurrency. They believe that these events, while disruptive, will ultimately lead to a stronger and more resilient market. As the industry continues to evolve and mature, it is crucial for investors to stay informed and make educated decisions to navigate through these turbulent times.
Bitcoin’s ‘Trump trade’ is over — Traders shift hope to Fed rate cuts, expanding global liquidity
The recent surge in Bitcoin prices, fueled by the pre-and-post-election Trump trade, has been the talk of the town. With the cryptocurrency reaching new highs, many traders were quick to jump on the bandwagon, hoping to make a quick profit. However, as the dust settles and the reality of the situation sinks in, it seems that the jig is up for Bitcoin.
The initial excitement surrounding the Trump trade, which saw Bitcoin prices skyrocket, has now faded. Traders are realizing that the surge was merely a temporary boost, and the market is now correcting itself. As a result, many are shifting their focus to other factors that could potentially impact Bitcoin’s value.
One such factor is the resumption of quantitative easing (QE) by central banks around the world. With the global economy still reeling from the effects of the pandemic, many countries have turned to QE as a means of injecting liquidity into their markets. This has led to a surge in global liquidity, which could potentially have a positive impact on Bitcoin prices.
Traders are also keeping a close eye on the actions of major financial institutions, such as PayPal and Square, who have recently announced their support for Bitcoin. This could potentially open the door for more mainstream adoption of the cryptocurrency, further driving up its value.
However, it’s not all smooth sailing for Bitcoin. The recent surge in prices has also attracted the attention of regulators, who are now closely monitoring the market. This could potentially lead to stricter regulations, which could have a negative impact on Bitcoin’s value.
In conclusion, while the pre-and-post-election Trump trade may have sent Bitcoin to new highs, it seems that the party is now over. Traders are now looking towards other factors, such as QE and global liquidity, to drive the cryptocurrency’s value. Only time will tell how these factors will ultimately impact Bitcoin’s future.
World competitor Billions Network launches non-biometric digital ID
The financial industry is constantly evolving and adapting to new technologies, and one company that is leading the way is Circom. Their innovative technology has caught the attention of major players in the industry, including Deutsche Bank and HSBC.
Circom’s cutting-edge technology, known as Circom, has been making waves in the financial world. This revolutionary technology has been tested and approved by some of the biggest names in the industry, such as Deutsche Bank and HSBC. With its advanced capabilities, Circom is changing the game for financial institutions.
So, what exactly is Circom? It is a state-of-the-art technology that utilizes blockchain and artificial intelligence to streamline and improve financial processes. This includes everything from transaction processing to data management. By implementing Circom, financial institutions can reduce costs, increase efficiency, and enhance security.
The success of Circom can be attributed to its team of experts who have a deep understanding of the financial industry and its needs. They have worked tirelessly to develop a technology that not only meets the demands of the industry but also exceeds expectations. This is evident in the positive feedback and results from companies like Deutsche Bank and HSBC.
But it’s not just the big players in the financial world that are benefiting from Circom. The technology is also being utilized by smaller institutions and startups, providing them with the same level of efficiency and security as the larger companies.
Circom’s impact on the financial industry is undeniable, and it’s only going to continue to grow. With its proven success and constant innovation, it’s no surprise that more and more companies are turning to Circom for their financial needs. So, if you want to stay ahead of the game and revolutionize your financial processes, it’s time to join the ranks of Deutsche Bank and HSBC and embrace Circom technology.
Secure onchain UI would have prevented Bybit hack — Dfinity founder
In the world of blockchain and decentralized projects, there is a growing concern about the reliance on centralized infrastructure. Many projects are built on top of centralized systems, which goes against the very essence of decentralization. This is a problem that needs to be addressed, and according to Dominic Williams, the founder of Dfinity, the solution lies in fully utilizing the security features of blockchain technology.
Williams believes that decentralized projects should not be relying on centralized infrastructure, as it goes against the core principles of blockchain. Centralized systems are vulnerable to attacks and manipulation, which defeats the purpose of decentralization. Instead, Williams argues that these projects should be taking full advantage of the robust security features that blockchain offers.
One of the main advantages of blockchain technology is its decentralized nature. This means that there is no single point of failure, making it nearly impossible for hackers to compromise the system. By fully utilizing this feature, decentralized projects can ensure the security and integrity of their platforms, without the need for centralized control.
Furthermore, Williams emphasizes the importance of building decentralized infrastructure from the ground up. This means creating a network that is fully decentralized, rather than relying on existing centralized systems. By doing so, projects can ensure that their platforms are truly decentralized and not just a facade.
Williams’ message is clear: decentralized projects must stop relying on centralized infrastructure and instead embrace the full potential of blockchain technology. By doing so, they can ensure the security and integrity of their platforms, and truly embody the principles of decentralization. It is time for these projects to take the necessary steps towards a fully decentralized future.
Solana rallies 16% after SOL RSI drops to 2023 low: Was that the bottom?
Solana, a popular cryptocurrency, has been experiencing a downward trend in its price recently. However, there is hope that this trend may soon reverse, as the price may have bottomed out at $125. This is good news for investors and traders who have been eagerly waiting for a positive turn in the market.
But what exactly caused this dip in Solana’s price? Some experts believe that it was due to the overall market correction that occurred in the cryptocurrency space. Others point to the recent sell-off by whales, which caused a significant drop in the price. However, there may be another factor at play here that could potentially impact Solana’s price in the near future.
Starting on March 1, large SOL token locks will be implemented, which could have a significant impact on the price of Solana. These locks will restrict the supply of SOL tokens, making them less available for trading. This could potentially create a scarcity of SOL tokens, driving up the demand and ultimately leading to an increase in price.
This move is part of Solana’s efforts to decentralize its network and promote long-term sustainability. By locking up a significant portion of SOL tokens, the network aims to reduce the influence of large holders and create a more balanced distribution of tokens. This could also help prevent sudden price fluctuations caused by whales selling off their holdings.
Investors and traders should keep a close eye on Solana’s price in the coming weeks as the effects of these token locks start to take place. If the demand for SOL tokens increases due to the limited supply, we could see a significant price surge. On the other hand, if the market sentiment remains bearish, the price may continue to struggle.
In conclusion, while the recent dip in Solana’s price may have caused concern among investors, the upcoming token locks could potentially be a game-changer for the cryptocurrency. It remains to be seen how the market will react, but one thing is for sure – Solana’s future is looking bright.