Prepare For 'Uncertain Future of Money' – US Intelligence Center.
America’s National Intelligence Council, a mid- and long-term strategic planning center, has issued a warning to the USA and its allies about “threats” to the dollar and the euro from stablecoin projects and “privately issued digital currencies.”
In its latest four-year report, named “Global Trends 2040: A More Contested World,” the body claimed that private-sector coins and other non-state-issued tokens “could add complexity to the conduct of monetary policy by reducing countries’ control over their exchange rates and money supply.”
The report’s authors also noted that China would likely emerge as America’s biggest rival with “greater contestation” in store at “every level” – including industry 4.0 tech.
Although the authors did not mention cryptoassets like bitcoin (BTC) by name, they did name-check “Facebook’s proposed Libra” project (now Diem) – a stablecoin project that is still yet to materialize after regulatory wrangling in the United States and elsewhere. The Chinese digital yuan also received a name check, as did other central bank digital currency (CBDC) projects.
In a section named the “uncertain future of money,” the authors wrote,
“The financial sector is not immune from the technological changes that are transforming other industries. Digital currencies are likely to gain wider acceptance during the next two decades as the number of CBDCs increase.”
They added that should Facebook and other countries succeed with token rollouts, this “would further drive acceptance of digital currencies, but indicated that regulators could play a crucial role.
They wrote,
“The extent to which privately issued digital currencies will provide a substitute for the use of national or regional fiat currencies, including the US dollar and the euro, to settle transactions will depend on the regulatory rules that are established.”
America’s National Intelligence Council, a mid- and long-term strategic planning center, has issued a warning to the USA and its allies about “threats” to the dollar and the euro from stablecoin projects and “privately issued digital currencies.”
In its latest four-year report, named “Global Trends 2040: A More Contested World,” the body claimed that private-sector coins and other non-state-issued tokens “could add complexity to the conduct of monetary policy by reducing countries’ control over their exchange rates and money supply.”
The report’s authors also noted that China would likely emerge as America’s biggest rival with “greater contestation” in store at “every level” – including industry 4.0 tech.
Although the authors did not mention cryptoassets like bitcoin (BTC) by name, they did name-check “Facebook’s proposed Libra” project (now Diem) – a stablecoin project that is still yet to materialize after regulatory wrangling in the United States and elsewhere. The Chinese digital yuan also received a name check, as did other central bank digital currency (CBDC) projects.
In a section named the “uncertain future of money,” the authors wrote,
“The financial sector is not immune from the technological changes that are transforming other industries. Digital currencies are likely to gain wider acceptance during the next two decades as the number of CBDCs increase.”
They added that should Facebook and other countries succeed with token rollouts, this “would further drive acceptance of digital currencies, but indicated that regulators could play a crucial role.
They wrote,
“The extent to which privately issued digital currencies will provide a substitute for the use of national or regional fiat currencies, including the US dollar and the euro, to settle transactions will depend on the regulatory rules that are established.”
Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention
The Venezuelan cryptocurrency ecosystem remains on shaky ground four months after the intervention of national crypto watchdog Sunacrip, and the arrest of its head, Joselit Ramirez, due to alleged participation in a $20 billion corruption scandal involving the undeclared sale of crude oil for crypto. There have been no official updates from Sunacrip’s restructuring board, but Bitcoin mining activities are still halted per local sources’ reports.
The government of Nicolas Maduro issued an executive order to intervene in the superintendence on March 17 after the arrest of its head Joselit Ramirez, who was accused of intermediating payments for $3 billion in undeclared crude sales to third parties.
The intervention of Sunacrip was followed by other measures that were not officially corroborated but were reported by local Bitcoin miners and media sources, like the operation’s pause in local exchanges.
This brought heavy losses for Bitcoin miners based in the country, with some mulling moving to more crypto-friendly nations, such as Paraguay or El Salvador.
The Venezuelan cryptocurrency ecosystem remains on shaky ground four months after the intervention of national crypto watchdog Sunacrip, and the arrest of its head, Joselit Ramirez, due to alleged participation in a $20 billion corruption scandal involving the undeclared sale of crude oil for crypto. There have been no official updates from Sunacrip’s restructuring board, but Bitcoin mining activities are still halted per local sources’ reports.
The government of Nicolas Maduro issued an executive order to intervene in the superintendence on March 17 after the arrest of its head Joselit Ramirez, who was accused of intermediating payments for $3 billion in undeclared crude sales to third parties.
The intervention of Sunacrip was followed by other measures that were not officially corroborated but were reported by local Bitcoin miners and media sources, like the operation’s pause in local exchanges.
This brought heavy losses for Bitcoin miners based in the country, with some mulling moving to more crypto-friendly nations, such as Paraguay or El Salvador.
Hut 8 signs four-year deal to manage Celsius Bitcoin mining operations Ionic Digital
Hut 8 has formalized a comprehensive four-year partnership with Ionic Digital Inc., encompassing end-to-end managed services across all of Ionic’s Bitcoin mining operations. This move was announced on Feb. 1, marking a significant development for Ionic, a mining-focused entity that recently emerged from Celsius’s Chapter 11 bankruptcy.
Ionic would be led by the former Chief Commercial Officer of Hut 8, Matt Prusak.
Hut 8 has formalized a comprehensive four-year partnership with Ionic Digital Inc., encompassing end-to-end managed services across all of Ionic’s Bitcoin mining operations. This move was announced on Feb. 1, marking a significant development for Ionic, a mining-focused entity that recently emerged from Celsius’s Chapter 11 bankruptcy.
Ionic would be led by the former Chief Commercial Officer of Hut 8, Matt Prusak.
FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange
FTX, the bankrupt cryptocurrency exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing.
The defunct exchange has also abandoned its efforts to re-start the platform due to a lack of buyers, Reuters reported, citing lawyers. The native token of the exchange, FTT, surged more than 11% on Wednesday in the aftermath of the news.
FTX, the bankrupt cryptocurrency exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing.
The defunct exchange has also abandoned its efforts to re-start the platform due to a lack of buyers, Reuters reported, citing lawyers. The native token of the exchange, FTT, surged more than 11% on Wednesday in the aftermath of the news.
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Bitfinex Securities Launches in El Salvador
Bitfinex has launched Bitfinex Securities El Salvador S.A. de C.V., its securities tokenization services company in the country.
The exchange, one of the first regulated digital asset service providers in El Salvador, expects its proposal to be well-received among potential customers and has planned for several token issuances this year.
Bitfinex has launched Bitfinex Securities El Salvador S.A. de C.V., its securities tokenization services company in the country.
The exchange, one of the first regulated digital asset service providers in El Salvador, expects its proposal to be well-received among potential customers and has planned for several token issuances this year.
MicroStrategy’s leverage scenarios show potential for astronomical returns on Bitcoin investments
In its Q4 earnings report, MicroStrategy disclosed its substantial Bitcoin investment in Q4 2023 of $1.25 billion, which is now worth a staggering $8 billion. The firm holds 190,000 BTC in its corporate treasury.
MicroStrategy’s Q4 2023 Earnings Presentation shows that this strategic decision has paid dividends, as its stock has surged by 305% since it started investing in Bitcoin in August 2020.
In its Q4 earnings report, MicroStrategy disclosed its substantial Bitcoin investment in Q4 2023 of $1.25 billion, which is now worth a staggering $8 billion. The firm holds 190,000 BTC in its corporate treasury.
MicroStrategy’s Q4 2023 Earnings Presentation shows that this strategic decision has paid dividends, as its stock has surged by 305% since it started investing in Bitcoin in August 2020.
Eversheds Sutherland demands judicial protection of assets of foreign FTX clients
Eversheds Sutherland is demanding that the U.S. judiciary protect the interests of foreign FTX users and proposes to allocate the funds owed to them from the general bankruptcy estate. According to preliminary data, clients outside the U.S. account for about $2 billion.
"The FTX bankruptcy case is in its fourth month. However, the legally important question of who owns and how much of the assets on the FTX.cоm exchange has not yet been resolved," said a spokesman for Eversheds Sutherland.
In their appeal to the court, lawyers have expressed fears that their clients' funds may be used unnecessarily to cover the significant operating costs associated with litigation and legal costs.
According to documents available to Eversheds Sutherland, various legal and financial advisers to FTX's bankruptcy liquidation committee have already billed about $20 million for work done.
Earlier, FTX's interim administration sued FTX Digital Markets and its Bahamian liquidators, claiming they were improperly claiming the cryptocurrency exchange's assets.
Eversheds Sutherland is demanding that the U.S. judiciary protect the interests of foreign FTX users and proposes to allocate the funds owed to them from the general bankruptcy estate. According to preliminary data, clients outside the U.S. account for about $2 billion.
"The FTX bankruptcy case is in its fourth month. However, the legally important question of who owns and how much of the assets on the FTX.cоm exchange has not yet been resolved," said a spokesman for Eversheds Sutherland.
In their appeal to the court, lawyers have expressed fears that their clients' funds may be used unnecessarily to cover the significant operating costs associated with litigation and legal costs.
According to documents available to Eversheds Sutherland, various legal and financial advisers to FTX's bankruptcy liquidation committee have already billed about $20 million for work done.
Earlier, FTX's interim administration sued FTX Digital Markets and its Bahamian liquidators, claiming they were improperly claiming the cryptocurrency exchange's assets.
Waterfall is the most decentralized BlockDAG protocol currently available 🚀
🔑 Key Features:
📌 This decentralized platform has the potential to attract much more validators than other protocols.
📌 Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
📌 High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
📌 Compatible with EVM and Ethereum API.
The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:
Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.
Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.
The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.
R&D team has been rigorously testing technology since 2021.
More than 275 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.
On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.
On January the 2nd more than 650 000 transactions was successfully processed.
Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR
🔑 Key Features:
📌 This decentralized platform has the potential to attract much more validators than other protocols.
📌 Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
📌 High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
📌 Compatible with EVM and Ethereum API.
The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:
Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.
Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.
The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.
R&D team has been rigorously testing technology since 2021.
More than 275 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.
On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.
On January the 2nd more than 650 000 transactions was successfully processed.
Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR
Crypto Fear and Greed Index Soars to Highest Level Since Bitcoin’s ATH in 2021
After more than two years, the Crypto Fear and Greed Index has reached an “extreme greed” level of 79 out of 100.
The Crypto Fear and Greed Index, a tracking tool for market sentiment in crypto, has surged as high as 79 out of 100, hitting a level not seen since Bitcoin peaked at $69,000 in November 2021.
The increase, observed on February 13, comes as Bitcoin surpassed the $50,000 mark a day earlier.
After more than two years, the Crypto Fear and Greed Index has reached an “extreme greed” level of 79 out of 100.
The Crypto Fear and Greed Index, a tracking tool for market sentiment in crypto, has surged as high as 79 out of 100, hitting a level not seen since Bitcoin peaked at $69,000 in November 2021.
The increase, observed on February 13, comes as Bitcoin surpassed the $50,000 mark a day earlier.
Exciting: NFT Marketplace Blur V2 Is Now Live
The latest version introduces significant gas optimizations, reducing transaction costs by 50% for trades. This means users can now buy NFTs on Blur v2 while enjoying substantial savings in gas fees, amounting to approximately $16 per NFT purchase at current gas prices.
In addition to gas optimizations, Blur v2 unveils the much-anticipated trait bidding functionality. Previously, users could only place collection bids, but now they have the flexibility to bid on specific traits such as mids, rares, or any desired attribute. While trait bidding is supported on all collections, it’s important to note that only select collections will earn trait bidding points.
Earning trait bidding points adds an extra layer of excitement to the bidding process. Popular collections like Punks, Degods, Milady, and nine others offer the opportunity to earn more points based on the margin by which a trait bid surpasses the top collection bid. This incentivizes users to engage in strategic bidding and enhances the competitive nature of the marketplace.
With Blur v2, the platform continues to prioritize user experience and infrastructure development for NFT enthusiasts. During Season 1, Blur successfully introduced various marketplace protocols, bid pools, and essential tools for monitoring and trading NFTs. Season 2 has already seen several notable enhancements, including lending and BNPL (Buy Now, Pay Later) options powered by Blend, full mobile support, notifications, and now, the gas-optimized v2 marketplace.
While three key developments are still in progress for Season 2, Blur encourages users to maximize their rewards by listing their NFTs exclusively on Blur and maintaining maximum loyalty. Listing points, even for collections without Blend integration, hold significant value, highlighting the importance of loyalty in maximizing rewards during this season.
The latest version introduces significant gas optimizations, reducing transaction costs by 50% for trades. This means users can now buy NFTs on Blur v2 while enjoying substantial savings in gas fees, amounting to approximately $16 per NFT purchase at current gas prices.
In addition to gas optimizations, Blur v2 unveils the much-anticipated trait bidding functionality. Previously, users could only place collection bids, but now they have the flexibility to bid on specific traits such as mids, rares, or any desired attribute. While trait bidding is supported on all collections, it’s important to note that only select collections will earn trait bidding points.
Earning trait bidding points adds an extra layer of excitement to the bidding process. Popular collections like Punks, Degods, Milady, and nine others offer the opportunity to earn more points based on the margin by which a trait bid surpasses the top collection bid. This incentivizes users to engage in strategic bidding and enhances the competitive nature of the marketplace.
With Blur v2, the platform continues to prioritize user experience and infrastructure development for NFT enthusiasts. During Season 1, Blur successfully introduced various marketplace protocols, bid pools, and essential tools for monitoring and trading NFTs. Season 2 has already seen several notable enhancements, including lending and BNPL (Buy Now, Pay Later) options powered by Blend, full mobile support, notifications, and now, the gas-optimized v2 marketplace.
While three key developments are still in progress for Season 2, Blur encourages users to maximize their rewards by listing their NFTs exclusively on Blur and maintaining maximum loyalty. Listing points, even for collections without Blend integration, hold significant value, highlighting the importance of loyalty in maximizing rewards during this season.
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TEXTOPIA 🪙 (FAIRLAUCH)
🚀 $TXT is a new SOL utility project, featuring an advanced AI model capable of transforming text instructions into video & images...
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📄 Tokenomics (Supply - 100M)
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Complete with holder revenue share, staking & governance, and deflationary mechanics. I suggest reading the docs to learn more.
Tax - 0/0 | LP Lock - 300 days | Renounced
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PRESALE
✈Telegram | ✖X(Twitter) |
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