Faced with the revelations of the creator of Ordinals, Bitcoin is facing a major challenge to preserve its founding ideal of decentralization
The altcoin market is already reacting to Bitcoin's halving. The quadrennial event known to be a major trigger in the markets occurred last weekend. Just six days later, some tokens are experiencing exceptional growth rates. Among them, the cryptocurrency PEPE. Review of the current trends of the token.
Meta and Nvidia technology values have seen over $750 billion in market capitalization evaporate from their recent highs. This massive correction is shaking up the markets and raising concerns about the strength of the tech sector, which has so far been driving the upward trend.
Mark Yusko, CEO of Morgan Creek Capital, the $1.5 billion hedge fund, is adamant. A flood of fiat is expected to pour into the crypto markets in the coming months. The expert predicts a growing interest in Bitcoin ETFs from American baby boomers, the generation born between 1946 and 1964. These individuals are expected to transfer their funds currently held in retirement accounts to the crypto markets soon. He expects at least $300 billion to flow into the crypto markets in the coming months. This was during an interview with the podcast The Wolf of All Streets. Clarifications.
Biden's tax reform: a strategic maneuver or a real willingness to redistribute wealth?
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Massa launches an ambitious incentive program with 7 million Massa tokens. The goal is to enrich its ecosystem and boost participation.
For the past few months, the Bitcoin blockchain has been expanding its functionalities and attracting interest through a clear evolution of its utility. Elevated to the status of a digital store of value by the ecosystem, it had recently faced significant constraints related to script language. The development of tokens, NFTs, and smart contracts was absolutely impracticable. In fact, it was on this major weakness that competitors such as Ethereum, Solana, Cardano, Polkadot, etc., had built their business models and reputation. But things have changed. The Bitcoin network now supports BRC-20 tokens, competitors to Ethereum's ERC-20 tokens, NFTs, and even houses a Bitcoin DeFi ecosystem. Witness the evolution of a network undergoing a complete overhaul.
As the crazy growth of the US debt of over 34,600 billion dollars continues to worry, the BRICS deliver a new blow to the greenback. China and Russia, two founding members of the alliance, have planned 260 billion dollars of commercial exchanges without using any US dollars. Only Russian ruble, Chinese yuan, and some euros. Other members of the coalition are expected to follow suit soon. Perceiving the immediacy of the threat, the USA react by combining threats and diplomacy. Details.
Between revolutionary announcements, technological advancements, and regulatory tumult, the crypto ecosystem continues to prove that it is both a territory of boundless innovations and a battleground of regulatory and economic challenges. Here is a summary of the most significant news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, etc.