A little over 20 years ago, 1 Argentine peso WAS EQUAL TO 1 dollar. Now for 1 dollar you can get 350 (!) pesos.
In November, the second round of elections in Argentina, the two remaining presidential candidates:
1) Sergio Massa — wants to mine bitcoin with the help of surplus natural gas.
2) Javier Miley is a bitcoin maximalist, claims that bitcoin can destroy the central bank.
The economy of Argentina is 20 times larger than the economy of El Salvador. In places with hyperinflation, people do not need to explain what bitcoin is and why it is needed. Bitcoin is a unique situation in which a "product" sells itself.
@Сryptoz ₿
In November, the second round of elections in Argentina, the two remaining presidential candidates:
1) Sergio Massa — wants to mine bitcoin with the help of surplus natural gas.
2) Javier Miley is a bitcoin maximalist, claims that bitcoin can destroy the central bank.
The economy of Argentina is 20 times larger than the economy of El Salvador. In places with hyperinflation, people do not need to explain what bitcoin is and why it is needed. Bitcoin is a unique situation in which a "product" sells itself.
@Сryptoz ₿
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The Salvadoran president is accused of using $200 million in loans to integrate BTC as a legal tender — we are talking about funds provided to solve the country's economic problems during the COVID-19 pandemic.
The terms of the loan prohibited Nayib Bukele from using these funds to finance bitcoin-related activities, the Center for the Study of Corruption and Organized Crime says.
@Сryptoz ₿
The terms of the loan prohibited Nayib Bukele from using these funds to finance bitcoin-related activities, the Center for the Study of Corruption and Organized Crime says.
@Сryptoz ₿
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⚡️ Calendar of key events for this week:
Monday, November 6th
🇪🇺 EU - Services/Composite PMI (Oct) - 12:00
🇺🇸 USA - Speech by Fed member Cook - 19:00
Tuesday, November 7th
🇪🇺 EU - PPI Prominflation (Sep) - 13:00
🇺🇸 USA - Speech of the Deputy Chairman of the Fed on supervision of Barr - 17:15
🇺🇸 USA - Speech by Fed member Waller - 18:00
🇺🇸 USA - Speech by Fed Member Williams - 20:00
🇺🇸 USA - Speech by Fed member Logan - 21:30
Wednesday, November 8th
🇩🇪 Germany - CPI Consumer Inflation (Oct) - 10:00
🇬🇧 Britain - Speech by the head of the Bank of England Bailey - 12:30
🇺🇸 USA - Speech by Fed member Cook - 13:15
🔥 USA - Speech by the head of the Federal Reserve J.Powell - 17:15
🇺🇸 USA - Speech by Fed member Williams - 21:40
🇺🇸 USA - Speech of the Deputy Chairman of the Fed on supervision of Barr - 22:00
Thursday, November 9th
🇺🇸 USA - Speech by Fed member Jefferson - 00:45
🇨🇳 China - CPI Consumer Inflation (Oct) - 04:30
🔥 USA - Initial Jobless Claims - 16:30
🇺🇸 USA - WASDE Report - 20:00
🇪🇺 EU - ECB President Lagarde's speech - 20:30
🔥 USA - Speech by the head of the Federal Reserve J.Powell's - 22:00
🇺🇸 USA - Fed Balance Sheet - 23:30
Friday, November 10th
🇬🇧 Britain - GDP (3rd quarter) - 10:00
🇭🇰 Hong Kong - GDP (3rd quarter) - 11:30
🇺🇸 USA - Speech by Fed member Logan - 15:30
🇺🇸 USA - Consumer Sentiment (Nov) - 18:00
🇺🇸 USA - Consumer Inflation Expectations Index (Nov) - 18:00
@Сryptoz ₿
Monday, November 6th
🇪🇺 EU - Services/Composite PMI (Oct) - 12:00
🇺🇸 USA - Speech by Fed member Cook - 19:00
Tuesday, November 7th
🇪🇺 EU - PPI Prominflation (Sep) - 13:00
🇺🇸 USA - Speech of the Deputy Chairman of the Fed on supervision of Barr - 17:15
🇺🇸 USA - Speech by Fed member Waller - 18:00
🇺🇸 USA - Speech by Fed Member Williams - 20:00
🇺🇸 USA - Speech by Fed member Logan - 21:30
Wednesday, November 8th
🇩🇪 Germany - CPI Consumer Inflation (Oct) - 10:00
🇬🇧 Britain - Speech by the head of the Bank of England Bailey - 12:30
🇺🇸 USA - Speech by Fed member Cook - 13:15
🔥 USA - Speech by the head of the Federal Reserve J.Powell - 17:15
🇺🇸 USA - Speech by Fed member Williams - 21:40
🇺🇸 USA - Speech of the Deputy Chairman of the Fed on supervision of Barr - 22:00
Thursday, November 9th
🇺🇸 USA - Speech by Fed member Jefferson - 00:45
🇨🇳 China - CPI Consumer Inflation (Oct) - 04:30
🔥 USA - Initial Jobless Claims - 16:30
🇺🇸 USA - WASDE Report - 20:00
🇪🇺 EU - ECB President Lagarde's speech - 20:30
🔥 USA - Speech by the head of the Federal Reserve J.Powell's - 22:00
🇺🇸 USA - Fed Balance Sheet - 23:30
Friday, November 10th
🇬🇧 Britain - GDP (3rd quarter) - 10:00
🇭🇰 Hong Kong - GDP (3rd quarter) - 11:30
🇺🇸 USA - Speech by Fed member Logan - 15:30
🇺🇸 USA - Consumer Sentiment (Nov) - 18:00
🇺🇸 USA - Consumer Inflation Expectations Index (Nov) - 18:00
@Сryptoz ₿
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#hong kong
🇭🇰 Bloomberg: Hong Kong regulators plan to allow retail investors to invest in spot crypto ETFs!
@Сryptoz ₿
🇭🇰 Bloomberg: Hong Kong regulators plan to allow retail investors to invest in spot crypto ETFs!
@Сryptoz ₿
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#banks
🇩🇪 DZ Bank has started providing crypto services for institutions!
DZ Bank is the third largest bank in Germany, manages assets in the amount of 300,000,000,000€.
- A digital depository platform has been launched, which will allow institutions to invest and store cryptocurrency.
- In the plans, the service will also be available to retail investors.
- #XRP Metaco Company is responsible for the infrastructure of the DZ Bank blockchain platform. (Metaco - owned by Ripple)
@Сryptoz ₿
🇩🇪 DZ Bank has started providing crypto services for institutions!
DZ Bank is the third largest bank in Germany, manages assets in the amount of 300,000,000,000€.
- A digital depository platform has been launched, which will allow institutions to invest and store cryptocurrency.
- In the plans, the service will also be available to retail investors.
- #XRP Metaco Company is responsible for the infrastructure of the DZ Bank blockchain platform. (Metaco - owned by Ripple)
@Сryptoz ₿
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Media is too big
VIEW IN TELEGRAM
🛠 The new Simpsons series finally showed the transformation into NFT
Investors estimated Bart at $1,500,000
@Сryptoz ₿
Investors estimated Bart at $1,500,000
@Сryptoz ₿
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A former Ethereum adviser said that Vitalik Buterin is the organizer of a large fraudulent scheme with ETH.
Allegedly, Joseph Lubin and Vitalik Buterin allegedly colluded with corrupt US government officials from some federal agencies.
Moreover, these schemes are much superior to those that SBF has turned out.
@Сryptoz ₿
Allegedly, Joseph Lubin and Vitalik Buterin allegedly colluded with corrupt US government officials from some federal agencies.
Moreover, these schemes are much superior to those that SBF has turned out.
@Сryptoz ₿
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Media is too big
VIEW IN TELEGRAM
🇺🇸 This week's speech by J. Powell! (calendar)
▪️ Balance #Fed:
- Decreased by 41.2 billion .$for one week.
▪️ Market expectations (Fed rate)
- 90% probability of a pause at the meeting on December 13.
- The first interest rate cut is expected in May 2024.
▪️ Barclays:
- We forecast a Fed rate hike of 25 bps at a meeting in January.
▪️ Bostik, Chairman of the Fed:
- I do not see the need for a further increase in the interest rate.
- I think the Fed can keep the rate at the current level for another 8-10 months.
- In my forecasts, there will be no recession in the United States.
▪️ Kashkari, Chairman of the Federal Reserve:
- It is still too early to make a final conclusion about the need for further Fed rate hikes.
▪️ Barkin, Chairman of the Fed:
- It's too early to talk about a reduction in the interest rate.
@Сryptoz ₿
▪️ Balance #Fed:
- Decreased by 41.2 billion .$for one week.
▪️ Market expectations (Fed rate)
- 90% probability of a pause at the meeting on December 13.
- The first interest rate cut is expected in May 2024.
▪️ Barclays:
- We forecast a Fed rate hike of 25 bps at a meeting in January.
▪️ Bostik, Chairman of the Fed:
- I do not see the need for a further increase in the interest rate.
- I think the Fed can keep the rate at the current level for another 8-10 months.
- In my forecasts, there will be no recession in the United States.
▪️ Kashkari, Chairman of the Federal Reserve:
- It is still too early to make a final conclusion about the need for further Fed rate hikes.
▪️ Barkin, Chairman of the Fed:
- It's too early to talk about a reduction in the interest rate.
@Сryptoz ₿
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📊 Coinshares: Report on cryptocurrency financial flows.
▫️ Capital inflow to the crypto industry in a week = $ 260,600,000.
▫️ Capital inflow into crypto products related to #BTC = $228,900,000.
▫️ Capital inflow into crypto products related to #ETH = $17,500,000.
▫️ Capital inflow into crypto products related to #SOL = $10,800,000
Last week, there was a slight inflow of capital into crypto products related to #XRP and #ADA.
@Сryptoz ₿
▫️ Capital inflow to the crypto industry in a week = $ 260,600,000.
▫️ Capital inflow into crypto products related to #BTC = $228,900,000.
▫️ Capital inflow into crypto products related to #ETH = $17,500,000.
▫️ Capital inflow into crypto products related to #SOL = $10,800,000
Last week, there was a slight inflow of capital into crypto products related to #XRP and #ADA.
@Сryptoz ₿
👍39❤5🤬1
Ethereum Foundation developer Mario Havel was able to launch and synchronize the Ethereum node on the PlayStation 4 console.
To do this, he took advantage of a vulnerability in older versions of the console's firmware and gained full access to the device, which allowed him to install software packages directly on the console and deploy the node.
@Сryptoz ₿
To do this, he took advantage of a vulnerability in older versions of the console's firmware and gained full access to the device, which allowed him to install software packages directly on the console and deploy the node.
@Сryptoz ₿
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😂 An unknown user lost more than $700,000 in 12 seconds due to the actions of the MEV bot
According to Arkham, user 0x568 created a WBTC-CRV liquidity pool on the Uniswap v3 platform and deposited $1.56 million worth of wrapped bitcoins into it.
Due to an error, the CRV exchange rate was $1 instead of the required $0.5. This attracted the attention of arbitrage bots, one of which was able to convert 1.36 million CRV ($800,000) into 39.01 WBTC ($1,356,000).
For the primacy in the transaction, the bot paid the validator $ 527,000, and his bonus was $ 260.
@Сryptoz ₿
According to Arkham, user 0x568 created a WBTC-CRV liquidity pool on the Uniswap v3 platform and deposited $1.56 million worth of wrapped bitcoins into it.
Due to an error, the CRV exchange rate was $1 instead of the required $0.5. This attracted the attention of arbitrage bots, one of which was able to convert 1.36 million CRV ($800,000) into 39.01 WBTC ($1,356,000).
For the primacy in the transaction, the bot paid the validator $ 527,000, and his bonus was $ 260.
@Сryptoz ₿
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