How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim

How Bitcoin's Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists ClaimBitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy […]

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Social Commerce on Cardano: Meloot to Hold a Seed Sale on KICK․IO

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PRESS RELEASE. The world of e-commerce is rapidly transitioning to that of social commerce, where demand for products is driven by videos and posts from social media. Both brands and their consumers can benefit from advertising products through social media, with stronger sales and valuable insights into product use cases, which further encourage online shopping. Video commerce already accounts for 10% of Chinese e-commerce – a trend that is already making its way to the West. That’s why we are thrilled to be hosting the seed sale of Meloot ($LADA) on the KICK.IO launchpad . Meloot is the first decentralized e-commerce platform on the Cardano blockchain, powered by its native utility token $LADA. You can think of Meloot as Amazon driven by TikTok, where e-commerce capabilities are utilised in synergy with video-based shopping, and Meloot algorithm connects people to the brands they like through an interactive medium. Meloot offers a platform for the sale and purchase of physical
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TA: Bitcoin Lacks Momentum Above $38.5K, But Dips Likely To Be Limited

  Bitcoin extended increase above the $38,800 resistance zone against the US Dollar. BTC is now struggling near $39,200 and might correct a few points. Bitcoin started a fresh increase and was able to clear the $38,500 resistance zone. The price is now trading above $38,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $37,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it stays above the $37,500 support zone in the near term. Bitcoin Price Consolidates Bitcoin price remained strong above the $37,500 pivot level. BTC extended increase and was able to clear the $38,500 resistance zone . The price even spiked above the $39,000 level and settled above the 100 hourly simple moving average . A high is formed near the $39,290 level and the price is now consolidating gains. There was a minor decline below the $38,800 level.   Bitcoin traded below the 23.6% Fib retracement l
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Ukraine Crypto Donations: Government Now Accepts Over 70 Crypto Assets

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Crypto payment processor Coingate and International Business Settlement (IBS) have started an arrangement with the National Bank of Ukraine (NBU) that enables well-wishers to send donations to Ukraine via more than 70 different crypto assets. Calls for Widening List of Accepted Crypto Donations Lithuania-based crypto payment processor Coingate recently said it has begun an arrangement with the Ukrainian central bank that has seen the number of crypto assets well-wishers can donate to the country’s armed forces rise from just four to more than 70. This widening of the list of accepted crypto assets comes just a few days after the Ukrainian government acceded to Polkadot creator Gavin Wood’s pleas to have DOT added to the list of cryptos accepted for donations. As reported by Bitcoin.com News, shortly after the Ukrainian government said it would accept polkadot donations, Wood immediately honored his pledge and donated DOT coins worth over $5 million. Consequently, the Ukrainian g
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Ethereum At $3028, Where Is The Next Critical Support Level For ETH?

Ethereum was priced at $3030 and the altcoin king noted a sharp decline of 11% in the past week. Major cryptocurrencies are all on a downtrend, after breaking past their immediate support levels. Bitcoin was priced below $40k and had declined by 12% over the past week. The global cryptocurrency market cap stood at $1.96 Trillion after a decline of 0.2% over the last 24 hours. Ethereum had witnessed a selling spree in the last week but over the last 24 hours, the coin tried to recover from the grasp of sellers, however, buying pressure is yet to resurface in the market. Recently, Ethereum developers went live with their Mainnet Shadow Fork. Ethereum Price Analysis: Four Hour Chart Ethereum is priced at $3028. Image Source: ETH/USD on TradingView Ethereum was priced at $3028.86 and the coin has been hovering around the aforementioned price level over the past 48 hours. Immediate resistance for the coin stood at $3085.60 after the coin has been rejected from that level a couple of time
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China’s QE Could Ignite Bitcoin Boom Like Never Before — Analysis by Arthur Hayes

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Bitmex founder Arthur Hayes predicts China’s aggressive monetary easing could spark a historic bitcoin rally, as yuan expansion indirectly fuels crypto demand. Bitcoin Boom Incoming? Arthur Hayes Weighs in on China’s QE Policies Arthur Hayes, Bitmex’s founder and former CEO, published a blog post on Monday projecting that China’s quantitative easing measures could trigger a […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/h7yfWUF
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Elon Musk Teases 69.420% on Trump’s Lead Over Harris as Biden Faces ‘Garbage’ Backlash

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Elon Musk teased “69.420% coming soon” in a post about Trump’s lead over Harris, while Biden sparked backlash for allegedly calling Trump supporters “garbage.” Elon Musk Hints at 69.420% After Trump-Harris Polls as Biden’s ‘Garbage’ Comment Sparks Uproar Tesla and Spacex CEO Elon Musk stirred attention on social media platform X on Wednesday by posting, […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/h7yfWUF
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US President Biden Applauds Nigeria’s Crypto Cooperation and Push for Global Reform

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U.S. President Joe Biden has praised Nigeria’s efforts in combating crypto-related financial crimes, including the recent release of a former Binance executive. Biden, Tinubu Strengthen US-Nigeria Ties With Crypto Crime Initiative The White House announced Tuesday that U.S. President Joe Biden held a call with Nigerian President Bola Tinubu, touching on recent humanitarian and diplomatic […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/FDy5uo7
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