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Dive into the Crypto Wave: How Bitcoin’s Record Surge Affects You
Bitcoin reached a new all-time high, surpassing its 2021 record. This surge is attributed to excitement over bitcoin ETFs and the upcoming halving event. Bitcoin has proven its resilience by bouncing back from major setbacks and its volatility has decreased over time. The recent surge was also fueled by the launch of U.S. spot bitcoin ETFs and the tightening supply of bitcoin leading up to the halving event. This record high is a significant milestone for the crypto industry, which has struggled with reputation and regulation issues. It could also signal renewed interest from retail investors. However, some analysts warn that the market is due for a correction and investors should be cautious.
Read more: https://blog.bitfolio.academy/coins/bitcoin/bitcoin-investment-guide-surpassing-69000/
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Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.
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Read more: https://blog.bitfolio.academy/coins/bitcoin/bitcoin-investment-guide-surpassing-69000/
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Crypto Sherpa ?
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Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.
#bitcoin #crypto #btc #stockmarket #alltimehigh #bitcoinetf #stockmarket #halving
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SEC C
sec-chairman-remains-crypto-enemy-1
Crypto traders had their hopes dashed this weekend! SEC Chairman Gary Gensler remains crypto's most intractable enemy as well as Wall Street's most zealous protector. Despite rumors circulating of his imminent departure, Fox Business was quick to confirm that Gensler has not resigned.
Yet, the call for his ouster continues to grow: A petition to directly fire the Chairman has garnered the signatures of 34,269 people so far (see the link in my bio). And on June 12, a bill dubbed the "SEC Stabilization Act" was proposed to Congress in a bid to oust Gensler. This bill referred to Gensler as a "tyrannical Chairman." Despite the ongoing pressure, Gensler will remain in his role until 2026, when his five-year term runs out.
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#garygensler #xrp #crypto #cryptonews #investing #stocks #cryptocrash #politics #bitcoin #cryptocurrency #btc #finance
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A BIG
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June 6th is the deadline for the SEC to decide whether or not BTC gets a spot ETF. And, today, Grayscale is asking their shareholders to advocate for GBTC becoming an ETF.
The SEC wants to hear from you. Submit your comment for consideration. Help take BTC to the next level. Investors deserve a spot BTC ETF. It's time to make your voices heard.
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IN A
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Just 3 weeks ago, Binance donated over $1 billion in BUSD to its Secure Asset Fund for Users (SAFU). It also committed these SAFU funds to the Web3 Industry Recovery Initiative, where any web3 company who is in trouble can apply for assistance.
Today, in a further show of strength, Binance.us spent over $1 billion acquiring the assets of bankrupt Voyager Digital. The Binance bailout will allow Voyager to return crypto assets to its customers.
Also, Binance.com acquires Tokocrypto, the leading crypto exchange in Indonesian. Tokocrypto will retain its branding and operate independently.
Despite investor jitters, Binance continues to display strength.
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Decentralized finance just reigned victorious in federal court! A judge, in a groundbreaking decision, tossed out a case against Uniswap. The judge likened the case to holding Venmo or Zelle accountable for someone leveraging their platforms to peddle drugs. That’s ludicrous, isn’t it? You can't punish Venmo for what its users do on the platform!
This is a big win for the world of decentralized finance! If scam tokens are bobbing in the Defi ocean, it’s naive and erroneous to pin the blame on Defi. The culprits are the scam artists, not the system!
Let’s not expect Uniswap to play cop, policing every single one of its multitude of users. A thunderous round of applause to our federal judges for dismissing these ludicrous lawsuits! The tide is turning in favor of freedom, innovation, and decentralization!
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Crypto Sherpa ?
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#bitcoin #defi #financialfreedom #financialliteracy #blockchaintechnology #web3community #financialnews #web3crypto #decentralizedfinance
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One of the biggest blockchain hacks in history ?
While the Tron and BSC blockchains have lower fees than Ethereum and while they may be more popular in terms of number of active daily users, they do not have the same level of decentralization and the same level of security. While Ethereum has 442,000 active validators, Tron only has 27, and BSC has only 26. The Tron and BSC blockchains are not very decentralized, and, as a result, they are not very secure.
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The law establishes a cryptocurrency legal framework in Brazil. Also, in the bill, green crypto mining would be tax free.
Meanwhile, the Bank of Spain warns that crypto’s exponential growth could pose a systemic risk to Spain’s financial stability. Cryptocurrencies are growing fast in Spain, so fast that the Bank of Spain warns the government to impose regulation or risk financial instability.
Finally, the Central African Republic adopts BTC as legal currency. The CAR is the first African country to adopt BTC as legal tender. In the new law, “cryptocurrency transactions are exempt from taxation.”
From Brazil, to Europe to Africa, adoption is growing.
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Here are the 8 top-selling NFT artists of all time.
#8 Trevor Jones
Trevor Jones was born in Canada and lives in Scotland. His artwork is valued at $23m. This one "Genesis" sold for $585,000.
Music: Carefree Happy Ukulele
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