874113
Louseimin
@louseimin #874113
writing on web3 & culture
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Less than a month before a new United States presidential administration and Congress are set to be sworn into office, many figures in the digital asset industry are speculating the change in leadership could lead to more favorable regulations and laws.
In the Dec. 17 video, BlackRock explained that Bitcoin has a fixed supply of 21 million, adding that the “hard-coded rule controls supply, purchasing power and helps avoid the potential misuse of printing more and more currency.”
Debate whether Bitcoin’s 21 million supply cap is truly fixed or not has resurfaced after BlackRock posted a three-minute Bitcoin explainer video, which added a disclaimer that there’s no guarantee it won’t be changed.
Ukraine reportedly plans to legalize cryptocurrencies in early 2025, according to Daniil Getmantsev, head of the tax committee of the Verkhovna Rada, but the legislation will not include tax breaks.
Additionally, traders are increasingly optimistic that a Solana ETF approval in the US is imminent, especially following the resignation of Securities and Exchange Commission (SEC) Chair Gary Gensler. Given these factors, SOL investors have cause for optimism, with a favorable outlook for early 2025 and healthy derivatives markets.
Users can “enable DeFi mode” by bridging their Bitcoin to a wrapped token on Cardano, he said. This allows Bitcoin holders to participate in DeFi ecosystems, trade on decentralized exchanges, use yield-bearing instruments and maintain custody of their private keys.
“Simply put, Bitcoin is the store of value for the internet, and it will remain in that role for the foreseeable future now that it has a DeFi layer,” he said, before describing a new model for bringing DeFi capabilities to Bitcoin through Cardano’s network, which he described as “DeFi mode.”
“It is my belief that Bitcoin is going to go to $250,000 to $500,000 within the next 12 to 24 months because of the investment inflows and the great interest that has been achieved.
Hoskinson pointed to discussions that governments are having about Bitcoin strategic reserves, saying:
He voiced frustrations with using Bitcoin in the early days, saying: “Bitcoin went from a sleeping giant never to awaken in an innovation coma, to an awakened giant that is four times the size of Solana and Ethereum combined.” He added:
“I started in the Bitcoin space and I loved Bitcoin. Bitcoin has been a big part of my life and the only reason I’m here today is because Bitcoin exists,” he said in a YouTube video posted on Nov. 27.
Cardano founder Charles Hoskinson said decentralized finance in the Bitcoin ecosystem will eclipse all other crypto DeFi within two to three years.
Tech solution provider Semler Scientific also said it acquired an additional 215 Bitcoin for $17.7 million in cash between Nov. 6 and 15, increasing its total holdings to 1,273.
Artificial intelligence firm Genius Group took steps on Nov. 18, purchasing 110 Bitcoin for $10 million, with plans for its reserves to hold up to 90% Bitcoin in the future.
YouTube alternative Rumble confirmed plans to buy Bitcoin on Nov. 25, just days after its CEO teased the idea on social media.
Following the Sportsbet.io partnership, Watford FC also inked a partnership with the crypto casino and sports betting platform Stake.com in 2021, showcasing the Dogecoin DOGE$0.398 logo on its shirts.
The club later introduced a Bitcoin BTC$94,650 hospitality box at its stadium, where fans could participate in cryptocurrency-themed events. The club also planned to host the Crypto Cup at Vicarage Road, involving a football tournament followed by education and discussion from guest speakers and crypto experts.
“Watford FC was first introduced to Bitcoin through our partnership with Sportsbet.io, a crypto sportsbook,” Watford FC commercial director Paul O’Brien said.
In a speech at the North Ameican Blockchain Summit 2024, Roy argued that the Lummis plan cannot cover the growing debt, which is now at $35 trillion.
We all know CEXs just love to punch each other in the face Do you really think they’d just let their enemies take the whle piece of the pie? hell no Once any Tier-1 announces something good, the others will def know bout it