From the statement that Bitcoin will benefit from the 1 trillion US dollar coin, MEXC Global will support the SGB token airdrop. Here are some highlights from the crypto market.
In the past few weeks, the Bitcoin bulls have shown strength, pushing the price back into the USD 50,000 area. Meanwhile, members of the U.S. government have made efforts to raise their debt ceiling by minting a $ 1 trillion coin to prevent the country from defaulting.
Business Doctor Peter St. Onge at the Heritage Foundation, explains in Contributions titled “Trillion Dollar Coin: Rocket Fuel for Bitcoin,” which the US government began to raise its debt ceiling a few decades ago, the measure has been postponed at a cost of up to $ 480 billion. Government approved by the American people. However, BTC and its owners have benefited from this problem.
In fact, this isn’t the first time government officials have proposed minting a $ 1 trillion coin and leaving it on the U.S. Treasury Department’s balance sheet to raise their debt ceiling.
Accordingly, the researcher described the 1 trillion dollar coin as a “trick to exploit loopholes in the law”. The decision has now been put on hold, but the US government may look into the matter further should the economic situation worsen.
North American Bitcoin miners benefit from China’s ban.
North American bitcoin miners benefit from China’s crypto mining ban.
According to data from Public Filings, North American bitcoin miners including Riot, Marathon, Bitfarms, Hut8, Greenidge, Argo and HIVE mined a total of 6,463 BTC in the third quarter of this year, about 82% more than in the second quarter.
With strong momentum in the third quarter, the largest bitcoin miners in North America raised 20,459 BTC worth more than $ 1.1 billion at current values.
The amount of BTC mined by large companies in 3 quarters | Source: Public documents
Dell’s CEO has no stake in Bitcoin.
Michael Dell, founder and CEO of Dell Technologies, is not part of the bitcoin craze.
in a meeting interview With DealBook, the American businessman, with an estimated net worth of $ 53.3 billion, said he would not invest in the oldest and largest cryptocurrency.
However, he believes that blockchain, the core technology of Bitcoin, is really “underestimated”.
El Salvador is funding the construction of a veterinary clinic with profits from the Bitcoin Trust.
The government of El Salvador will use the proceeds from the Bitcoin Trust to finance the construction of a veterinary clinic in the country.
El Salvador, the Central American country that approved the use of Bitcoin as legal tender in September, has now raised $ 4 million from the Bitcoin Trust, which was approved by Congress in August.
President Nayib Bukele announced on Saturday that part of the profits will be used to build a new animal hospital in El Salvador.
He also said that The Bitcoin Trust will not sell BTC but will only use the profits to build a hospital.
– Nayib Bukele (@nayibbukele) October 10, 2021
According to the official announcement of the MEXC Global crypto exchange, it will support the airdrop of SGB tokens to XRP holders.
All XRP holders who joined the snapshot on December 12, 2020 will receive their SGB tokens from Flare Networks.
The snapshot was taken on 2020-12-12 00:00 (UTC).
– MEXC-Global (@MEXC_Global) October 8, 2021
The MEXC Exchange says its holders will receive SGB 0.1511 for every 1 XRP held on December 12th. The exchange’s development team is preparing all the necessary technical tools for this airdrop. The time and date of the event will be announced shortly.
Edward Snowden used Twitter to refute the concept of a central bank digital currency (CBDC), particularly one that the Federal Reserve could adopt in the future.
What is central bank digital currency, you ask? Oh, you know: just a “useful political tool” to casually wipe out the savings of every wage laborer in the country if they don’t spend them fast enough. https://t.co/TAKQCEDcOX
– Edward Snowden (@Snowden) October 9, 2021
Snowden believes that if the Federal Reserve issues a CBDC (“FedCoin”), it will be used to zero the savings of American workers, despite the fact that the Fed officially calls it “the most important useful books.”
The prosecutor tweeted about the issue after sharing a screenshot of an NYT article about CBDCs. In it, Dr. Prasad that the Fed could impose a negative interest rate on the CBDC balance on every account to encourage holders to spend CBDC faster and encourage companies to invest in digital dollars.
A new polygon bridge to Ethereum is helping bring Aavegotchi NFTs to the rarible market.
Alex Salnikov, Co-Founder and Head of Product at Rarible said, “One of our main goals at Rarible is to make sure that the vibrant community has access to all the great things that are going on in the world. With the growing popularity of the play-to-earn model, it’s important to partner with Aavegotchi and bring cutting-edge NFTs to the Ethereum ecosystem. “
Thanks to the bridge, Rarible and Aavegotchi can be connected and welcome new collectors and players to the Rarible ecosystem.
#Adoption #NFTs A Polygon-Ethereum Bridge Brings Aavegotchi NFTs to Rarible: A new Polygon-to-Ethereum bridge is helping bring Aavegotchi NFTs to the Rarible marketplace, the teams said in a press release that CryptoSlate … https://t.co/24jSapseum by Financely Group pic.twitter.com/mPWD3atvOO
– Financely group (@financelygroup) October 10, 2021
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