Erdogan Suggests Turkish-Russian Payment System, Local Media Reports
Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments by Russian tourists visiting the country.
President Erdogan Tasks Turkish Government With Developing Mir Alternative, ReportPresident of Turkey Recep Tayyip Erdoğan has instructed ministers to develop a payment system with Russia to serve as an alternative to the Russian banking system Mir. According to the A Haber TV channel, Turkish and Russian officials have already held talks on this matter.
The move follows a statement from Washington that the United States would try to persuade Turkey to limit support for Mir. Its cards are one of the few remaining options for Russians vacationing in Turkey as Western sanctions have cut them off from major global credit cards and also destinations. Many of them visited Turkey this year.
Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments by Russian tourists visiting the country.
President Erdogan Tasks Turkish Government With Developing Mir Alternative, ReportPresident of Turkey Recep Tayyip Erdoğan has instructed ministers to develop a payment system with Russia to serve as an alternative to the Russian banking system Mir. According to the A Haber TV channel, Turkish and Russian officials have already held talks on this matter.
The move follows a statement from Washington that the United States would try to persuade Turkey to limit support for Mir. Its cards are one of the few remaining options for Russians vacationing in Turkey as Western sanctions have cut them off from major global credit cards and also destinations. Many of them visited Turkey this year.
Report: Saudi Government Privately Mocks Joe Biden’s Mental Acuity, Crown Prince Denies US President’s Oil Requests
According to a recent report, members of the Saudi government and crown prince Mohammed bin Salman have been privately mocking U.S. president Joe Biden by questioning his keenness of thought and mental acuity. The report follows Biden’s recent trip to the region in July, when the U.S. president pressed the Saudis for more oil production, but the Saudi government refused his requests.
Report Says Fist-Bumping Biden Privately Mocked by Members of the Saudi Government, Saudi Television Broadcast Makes Fun of ‘Sleepy Joe’Saudi Arabia’s government doesn’t seem to like U.S. president Joe Biden, as a report from the Wall Street Journal (WSJ) shows crown prince Mohammed bin Salman and many others have mocked the American leader. Biden and vice president Kamala Harris were also made fun of on a television broadcast aired in Saudi Arabia. The Saudi television broadcast openly mocks Biden’s alleged cognitive decline and leverages the nickname “Sleepy Joe.”
Three reporters from the WSJ — Stephen Kalin, Summer Said, and Dion Nissenbaum — wrote on October 24, that unnamed members of the Saudi government say the prince and his team privately make fun of president Biden. “Saudi crown prince Mohammed bin Salman, the kingdom’s 37-year-old day-to-day ruler, mocks president Biden in private, making fun of the 79-year-old’s gaffes and questioning his mental acuity, according to people inside the Saudi government,” the WSJ reporters said.
According to a recent report, members of the Saudi government and crown prince Mohammed bin Salman have been privately mocking U.S. president Joe Biden by questioning his keenness of thought and mental acuity. The report follows Biden’s recent trip to the region in July, when the U.S. president pressed the Saudis for more oil production, but the Saudi government refused his requests.
Report Says Fist-Bumping Biden Privately Mocked by Members of the Saudi Government, Saudi Television Broadcast Makes Fun of ‘Sleepy Joe’Saudi Arabia’s government doesn’t seem to like U.S. president Joe Biden, as a report from the Wall Street Journal (WSJ) shows crown prince Mohammed bin Salman and many others have mocked the American leader. Biden and vice president Kamala Harris were also made fun of on a television broadcast aired in Saudi Arabia. The Saudi television broadcast openly mocks Biden’s alleged cognitive decline and leverages the nickname “Sleepy Joe.”
Three reporters from the WSJ — Stephen Kalin, Summer Said, and Dion Nissenbaum — wrote on October 24, that unnamed members of the Saudi government say the prince and his team privately make fun of president Biden. “Saudi crown prince Mohammed bin Salman, the kingdom’s 37-year-old day-to-day ruler, mocks president Biden in private, making fun of the 79-year-old’s gaffes and questioning his mental acuity, according to people inside the Saudi government,” the WSJ reporters said.
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below the 200 EH/s range six days ago.
Bitcoin’s Hashrate Slips LowerThe first week of November 2022 was brutal for digital currency prices as FTX’s collapse rippled across the entire industry in a negative fashion. Prior to the FTX fallout, bitcoin was trading above the $20K zone and the network’s total hashrate was coasting along at roughly 270 to 290 exahash per second (EH/s) before the blowout.
There was a quick burst of increased hashrate the day after FTX filed for bankruptcy and BTC’s total hashrate tapped an all-time high on Nov. 12, 2022. At block height 762,845, bitcoin miners managed to get the hashrate to briefly rise to a whopping 347.16 EH/s. Since then, the hashrate has divebombed and slid below the 200 EH/s range on Nov. 26.
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below the 200 EH/s range six days ago.
Bitcoin’s Hashrate Slips LowerThe first week of November 2022 was brutal for digital currency prices as FTX’s collapse rippled across the entire industry in a negative fashion. Prior to the FTX fallout, bitcoin was trading above the $20K zone and the network’s total hashrate was coasting along at roughly 270 to 290 exahash per second (EH/s) before the blowout.
There was a quick burst of increased hashrate the day after FTX filed for bankruptcy and BTC’s total hashrate tapped an all-time high on Nov. 12, 2022. At block height 762,845, bitcoin miners managed to get the hashrate to briefly rise to a whopping 347.16 EH/s. Since then, the hashrate has divebombed and slid below the 200 EH/s range on Nov. 26.
Bitcoin Price Analysis: BTC Aims Steady Increase To $18K
Bitcoin price is recovering above $16,500 against the US Dollar. BTC might extend its recovery if it stays above the $16,600 support zone.
Bitcoin Price AnalysisBitcoin price remained well supported near the $16,250 zone. The price formed a base and started a recovery wave above the $16,500 level.
There was a decent increase above the $16,650 resistance zone and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $16,780 on the 4-hours chart of the BTC/USD pair.
Bitcoin price is recovering above $16,500 against the US Dollar. BTC might extend its recovery if it stays above the $16,600 support zone.
Bitcoin Price AnalysisBitcoin price remained well supported near the $16,250 zone. The price formed a base and started a recovery wave above the $16,500 level.
There was a decent increase above the $16,650 resistance zone and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $16,780 on the 4-hours chart of the BTC/USD pair.
What Ether Validators Should Know As The Shanghai Hard Fork Nears
The Ethereum foundation has called on Ethereum validators to prepare for the upcoming Shanghai network upgrade, which is set to unlock their validator balances for withdrawal.
In a community update earlier this week, the foundation confirmed that the upgrade “is expected to take place in the first half of 2023,” increasing the probability of it shipping in March, as earlier reported.
The Ethereum foundation has called on Ethereum validators to prepare for the upcoming Shanghai network upgrade, which is set to unlock their validator balances for withdrawal.
In a community update earlier this week, the foundation confirmed that the upgrade “is expected to take place in the first half of 2023,” increasing the probability of it shipping in March, as earlier reported.
Biggest Movers: LINK Climbs Above $7.00, as DOGE Rebounds From Recent Decline
Dogecoin rebounded from a recent decline on Friday, as cryptocurrency markets shook off yesterday’s bear wave. The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%.
Dogecoin (DOGE)Dogecoin (DOGE) rose by as much as 5% in today’s session, as the meme coin recovered from yesterday’s bear run.
Following a low of $0.07007 on Thursday, DOGE/USD raced to an intraday high of $0.07579 earlier today.
Dogecoin rebounded from a recent decline on Friday, as cryptocurrency markets shook off yesterday’s bear wave. The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%.
Dogecoin (DOGE)Dogecoin (DOGE) rose by as much as 5% in today’s session, as the meme coin recovered from yesterday’s bear run.
Following a low of $0.07007 on Thursday, DOGE/USD raced to an intraday high of $0.07579 earlier today.
Stablecoins at the Forefront of Developments in Tokenization of Money, Says Bank of England Deputy Governor
Bank of England Deputy Governor Sir Jon Cunliffe says that stablecoins have a critical role to play in the tokenization of money.
In a new speech on the future of money, Cunliffe predicts that stablecoins are going to see widespread adoption for a variety of different uses.
Bank of England Deputy Governor Sir Jon Cunliffe says that stablecoins have a critical role to play in the tokenization of money.
In a new speech on the future of money, Cunliffe predicts that stablecoins are going to see widespread adoption for a variety of different uses.
Hotbit Exits CEX Market Amid Declining Exchange Trading Volumes
Summary:
Hobit users were told to withdraw all assets from the crypto exchange by Wednesday, June 21 before 4 PM UTC.The platform will shutter all centralized exchange or CEX operations today May 22 by 4 PM UTC amid declining exchange trading activity and months after a criminal investigation into a former Hotbit manager.Hotbit also cited stifled cash flow due to a U.S. banking crisis and the after-effects of FTX’s crash last November as reasons for its decisions.Amid declining crypto exchange trading volumes and on/off ramp difficulties, one CEX player is leaving the game for good.
Hotbit, a crypto exchange operating out of Shanghai and Taipai with 5 million users, announced the shutdown of all CEX operations starting today May 22. Users will have until 4 PM UTC on June 21 to withdraw all assets from the platform.
Summary:
Hobit users were told to withdraw all assets from the crypto exchange by Wednesday, June 21 before 4 PM UTC.The platform will shutter all centralized exchange or CEX operations today May 22 by 4 PM UTC amid declining exchange trading activity and months after a criminal investigation into a former Hotbit manager.Hotbit also cited stifled cash flow due to a U.S. banking crisis and the after-effects of FTX’s crash last November as reasons for its decisions.Amid declining crypto exchange trading volumes and on/off ramp difficulties, one CEX player is leaving the game for good.
Hotbit, a crypto exchange operating out of Shanghai and Taipai with 5 million users, announced the shutdown of all CEX operations starting today May 22. Users will have until 4 PM UTC on June 21 to withdraw all assets from the platform.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Bitcoin Price Analysis: BTC Bulls Aim Fresh Uptrend
Bitcoin price is showing positive signs above $28,000 against the US Dollar. BTC might correct lower but dips could be limited below the $27,400 zone.
Bitcoin Price AnalysisBitcoin price started a steady increase from the $25,000 support zone. The price gained and cleared many hurdles near the $26,500 and $27,000 levels.
There was a clear move above the $27,500 level and the 55 simple moving average (4 hours). The price even rallied above the $28,000 resistance zone. However, the bears were active near the $29,000 zone. A high was formed near $29,050 and the price is now consolidating gains.
Bitcoin price is showing positive signs above $28,000 against the US Dollar. BTC might correct lower but dips could be limited below the $27,400 zone.
Bitcoin Price AnalysisBitcoin price started a steady increase from the $25,000 support zone. The price gained and cleared many hurdles near the $26,500 and $27,000 levels.
There was a clear move above the $27,500 level and the 55 simple moving average (4 hours). The price even rallied above the $28,000 resistance zone. However, the bears were active near the $29,000 zone. A high was formed near $29,050 and the price is now consolidating gains.
Eye-Scanning Worldcoin (WLD) Project To Face Inquiry From UK Watchdog: Report
A crypto project co-founded by OpenAI’s Sam Altman will face an inquiry from a UK data watchdog.
According to a new Reuters report, Britain’s data regulator says it will examine Worldcoin (WLD), a crypto ID project that utilizes iris scanners to verify users’ identities.
A crypto project co-founded by OpenAI’s Sam Altman will face an inquiry from a UK data watchdog.
According to a new Reuters report, Britain’s data regulator says it will examine Worldcoin (WLD), a crypto ID project that utilizes iris scanners to verify users’ identities.
Over 10,000 South African Retail Outlets Now Accept Momint Crypto Vouchers
Momint, a Web3 marketplace app, has said South African residents can now use cryptocurrency to purchase shopping vouchers which are accepted by over 10,000 retailers. The Momint app can also be used to send cross-border remittances at a fraction of the fees charged by regular money transfer companies.
Vouchers Accepted by Popular BusinessesMomint, a Web3 marketplace, has launched a blockchain wallet which allows South African residents to purchase a shopping voucher with cryptocurrency, a report has said. Holders of the voucher can make payments at over 10,000 retail outlets across the African country.
According to a Mybroadband report, South Africa’s retail giants such as Checkers, Woolworths, Engen, and Takealot are some of the outlets that accept the Momint vouchers. The report added that the voucher is also accepted at some 5,000 international retailers.
Momint, a Web3 marketplace app, has said South African residents can now use cryptocurrency to purchase shopping vouchers which are accepted by over 10,000 retailers. The Momint app can also be used to send cross-border remittances at a fraction of the fees charged by regular money transfer companies.
Vouchers Accepted by Popular BusinessesMomint, a Web3 marketplace, has launched a blockchain wallet which allows South African residents to purchase a shopping voucher with cryptocurrency, a report has said. Holders of the voucher can make payments at over 10,000 retail outlets across the African country.
According to a Mybroadband report, South Africa’s retail giants such as Checkers, Woolworths, Engen, and Takealot are some of the outlets that accept the Momint vouchers. The report added that the voucher is also accepted at some 5,000 international retailers.
Biggest Movers: MATIC Extends Bull Run, SHIB Falls for 5th Straight Day
Polygon climbed higher for a third straight session on Monday, as the token continued to move away from a recent support point. After a mostly bearish weekend, crypto markets eased back into the green to start the week. Shiba inu was a notable exception, as it extended a recent downtrend.
Polygon (MATIC)Polygon (MATIC) continued to move away from a recent support point of $0.5380 on Monday, as bulls’ momentum made a partial return to the market.
After trading at a low of $0.5479 on Sunday, MATIC/USD surged to an intraday peak of $0.5624 earlier today.
Polygon climbed higher for a third straight session on Monday, as the token continued to move away from a recent support point. After a mostly bearish weekend, crypto markets eased back into the green to start the week. Shiba inu was a notable exception, as it extended a recent downtrend.
Polygon (MATIC)Polygon (MATIC) continued to move away from a recent support point of $0.5380 on Monday, as bulls’ momentum made a partial return to the market.
After trading at a low of $0.5479 on Sunday, MATIC/USD surged to an intraday peak of $0.5624 earlier today.
Crypto Trader Says Avalanche (AVAX) To Surge by Double Digits, Updates Outlook on Solana (SOL)
A closely followed crypto strategist is predicting Avalanche (AVAX) will undergo a massive surge due to one main reason.
Pseudonymous crypto analyst Altcoin Sherpa tells his 196,600 followers on the social media platform X that the Ethereum (ETH) rival could increase by more than 12% from its current value.
A closely followed crypto strategist is predicting Avalanche (AVAX) will undergo a massive surge due to one main reason.
Pseudonymous crypto analyst Altcoin Sherpa tells his 196,600 followers on the social media platform X that the Ethereum (ETH) rival could increase by more than 12% from its current value.
Robert Kiyosaki: Fiat Money Isn’t Safe, Investors Must Protect Themselves From Central Bankers
Rich Dad Poor Dad author Robert Kiyosaki has cautioned that fiat money is not safe, emphasizing that central banks are buying gold to save themselves. He urged investors to safeguard themselves against central bankers and reiterated his advice to invest in gold, silver, and bitcoin.
Is Fiat Money Safe? Robert Kiyosaki Says ‘Hell No’The author of Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to protect themselves from central bankers, emphasizing that fiat money is not safe. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.The famous author wrote on X Saturday:
Central banks like Fed are buying gold. Does this mean fiat money is safe? Hell no!
Rich Dad Poor Dad author Robert Kiyosaki has cautioned that fiat money is not safe, emphasizing that central banks are buying gold to save themselves. He urged investors to safeguard themselves against central bankers and reiterated his advice to invest in gold, silver, and bitcoin.
Is Fiat Money Safe? Robert Kiyosaki Says ‘Hell No’The author of Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to protect themselves from central bankers, emphasizing that fiat money is not safe. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.The famous author wrote on X Saturday:
Central banks like Fed are buying gold. Does this mean fiat money is safe? Hell no!
Shiba Inu Giant Whales Amass Trillions Of Tokens Amid Outlook For New SHIB All-Time High Price
Shiba Inu whales have been actively participating in substantial transactions within the Shiba Inu (SHIB) ecosystem, sparking speculation of a mammoth super bullish surge for the second-largest meme coin.
On Friday, crypto analytics firm Lookonchain highlighted various transactions, shedding light on the accumulation of SHIB by whales in the crypto space over the past month. As per the firm, Tron founder Justin Sun withdrew a hefty 577 billion SHIB from Binance on December 18 and 19. New wallets were also spotted entering the scene, with the wallet address “0xa656” withdrawing 237.87 billion SHIB from Binance earlier on Friday.
Shiba Inu whales have been actively participating in substantial transactions within the Shiba Inu (SHIB) ecosystem, sparking speculation of a mammoth super bullish surge for the second-largest meme coin.
On Friday, crypto analytics firm Lookonchain highlighted various transactions, shedding light on the accumulation of SHIB by whales in the crypto space over the past month. As per the firm, Tron founder Justin Sun withdrew a hefty 577 billion SHIB from Binance on December 18 and 19. New wallets were also spotted entering the scene, with the wallet address “0xa656” withdrawing 237.87 billion SHIB from Binance earlier on Friday.
Tether Sees Record-Breaking Profits, Largely Driven by Interest Payments From US Treasuries
Stablecoin issuer Tether’s latest attestation report reveals that the firm made record profits in Q4, mostly driven by interest payments from US treasuries.
According to the report, Tether made $2.5 billion in profits during the fourth quarter of 2023, the highest net profit the firm has ever seen.
“In terms of financial performance, the fourth quarter witnessed a record-breaking net profit of $2.85 billion, of which ~$1 billion in net operating profits (were primarily interests from US Treasuries) with the remaining primarily from the appreciation of Gold and Bitcoin reserves.
Stablecoin issuer Tether’s latest attestation report reveals that the firm made record profits in Q4, mostly driven by interest payments from US treasuries.
According to the report, Tether made $2.5 billion in profits during the fourth quarter of 2023, the highest net profit the firm has ever seen.
“In terms of financial performance, the fourth quarter witnessed a record-breaking net profit of $2.85 billion, of which ~$1 billion in net operating profits (were primarily interests from US Treasuries) with the remaining primarily from the appreciation of Gold and Bitcoin reserves.
Dive Deep into Givearn’s Crypto Portfolio and Rewards Mechanism
In the dynamic world of cryptocurrency, finding a platform that simplifies acquisition and optimizes returns is a rare gem. Enter Givearn, a cutting-edge platform designed with novice investors in mind. Givearn stands out for its intuitive approach to crypto, particularly through its innovative portfolio structure and rewards mechanism. Let’s explore these features in detail.
In the dynamic world of cryptocurrency, finding a platform that simplifies acquisition and optimizes returns is a rare gem. Enter Givearn, a cutting-edge platform designed with novice investors in mind. Givearn stands out for its intuitive approach to crypto, particularly through its innovative portfolio structure and rewards mechanism. Let’s explore these features in detail.
Make Your Move: BRISE, BEFE, and CENX Are the Best Crypto Investments Now
Top altcoins like Ethereum, Ripple, Solana, etc. have experienced downward price movements in the last 7 days, plummeting by 9.2%, 18.1%, and 23.3%, respectively.
The huge loss in the market aggregates to nearly 290 million in total market capitalization. In the wake of this loss, investors are making their move, migrating to other lucrative projects such as Bitgert Coin (BRISE), Befe Coin (BEFE), and Centcex (CENX).
Now proving to be the best investment in today’s market, their positive price movements despite the current market downturn have attracted all categories of investors.
Top altcoins like Ethereum, Ripple, Solana, etc. have experienced downward price movements in the last 7 days, plummeting by 9.2%, 18.1%, and 23.3%, respectively.
The huge loss in the market aggregates to nearly 290 million in total market capitalization. In the wake of this loss, investors are making their move, migrating to other lucrative projects such as Bitgert Coin (BRISE), Befe Coin (BEFE), and Centcex (CENX).
Now proving to be the best investment in today’s market, their positive price movements despite the current market downturn have attracted all categories of investors.
Top Trader Unveils Crypto Holdings Following Last Week’s Crash, Says Altcoin Recovery Now on Accelerated Timeline
A widely followed crypto analyst and trader is unveiling a list of crypto assets he is holding after last week’s altcoin meltdown.
The trader pseudonymously known as The Flow Horse tells his 211,400 followers on the social media platform X that his crypto portfolio currently consists of Bitcoin (BTC), Solana (SOL), Ethereum (ETH), dogwifhat (WIF) along with a variety of crypto assets in the artificial intelligence (AI) and the tokenization of real-world assets (RWAs) sub-sectors.
A widely followed crypto analyst and trader is unveiling a list of crypto assets he is holding after last week’s altcoin meltdown.
The trader pseudonymously known as The Flow Horse tells his 211,400 followers on the social media platform X that his crypto portfolio currently consists of Bitcoin (BTC), Solana (SOL), Ethereum (ETH), dogwifhat (WIF) along with a variety of crypto assets in the artificial intelligence (AI) and the tokenization of real-world assets (RWAs) sub-sectors.