Day: December 19, 2024

Bukele Is The President of El Salvador, Not Bitcoin

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As a condition of a new IMF loan package, President Bukele of El Salvador has had to concede three aspects of the Bitcoin Law passed in 2021: A legal tender mandate requiring businesses to accept Bitcoin Shutting down Chivo, the state run wallet and on/off ramp service No longer accepting tax payments in bitcoin Ultimately everything except the last one is a positive change. Legal tender laws are ultimately coercive, and in my opinion shouldn’t exist. Chivo was a buggy mess, and alternatives exist such as Blink. The only negative…

YouTuber’s meme coin Unicorn Fart Dust hits $240 million market cap in just 48 hours

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Key Takeaways Unicorn Fart Dust coin reached a $240 million market cap just 48 hours after launch. Despite having no prior experience in crypto development, Branstetter aims to explore the world of crypto through this humorous project. Share this article A Solana-based meme coin created by YouTuber Ronald Branstetter, a silver and gold maximalist, to prove the worthlessness of such tokens has reached over $240 million market value within 48 hours of its launch, according to GeckoTerminal data. The token, named Unicorn Fart Dust (UFD), was trading at $0.213 at…

Dogecoin Sights Rebound As RSI Hits Oversold Levels Near $0.3563

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Dogecoin is approaching a critical juncture as it hovers near the $0.3563 mark, with the Relative Strength Index (RSI), signaling oversold conditions. This suggests that the recent sell-off may have pushed the asset into undervalued territory, raising the possibility of a rebound. However, whether the bulls can seize this opportunity to drive a recovery remains uncertain. With the market showing signs of fatigue, $0.3563 emerges as a pivotal level to watch. How the price reacts in the coming sessions could set the tone for Dogecoin’s next significant move. Understanding Current…

Franklin Templeton files for Bitcoin and Ether ETF as Bitcoin holds $100K support

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Key Takeaways Franklin Templeton’s dual crypto ETF filing comes as Bitcoin steadies at $100K, a crucial support level for market momentum. Analysts predict the SEC may approve Franklin Templeton’s ETF alongside similar proposals by Bitwise and Hashdex next year. Share this article Franklin Templeton has submitted a filing for a dual crypto index ETF that would track both Bitcoin and Ether through its proposed Franklin Crypto Trust. The filing, submitted by the Cboe BZX Exchange, follows the SEC’s decision on November 20 to extend its review period for Franklin Templeton’s…

Vancouver’s Mayor Shares His Pro-Bitcoin Vision

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Vancouver’s Mayor, Ken Sim, is a genuine Bitcoin enthusiast who’s doing his part to get Vancouver’s city council as well as its citizens to see what he sees when it comes to Bitcoin. And his efforts are starting to bear fruit. On December 11, 2024, the Vancouver City Council greenlit a motion Mayor Sim prepared to start making Vancouver a more Bitcoin-friendly city. The motion directs city staff to explore the ideas of Vancouver establishing a strategic bitcoin reserve as well as accepting taxes and city fees in bitcoin. In…