BRICS Officially Adopts Cryptocurrency for Investments
In a move that could open up a host of new opportunities for the economic alliance, the BRICS bloc has officially adopted cryptocurrencies for investments. At the collective’s ongoing Business Forum in Moscow, Russian President Vladimir Putin announced the decision that could be a game changer for the group.
The bloc is nearing the highly anticipated BRICS Summit 2024. Taking place next week, it is poised to see a host of new announcements regarding the bloc’s economic policies. Among them is the blockchain-based BRICS Pay platform. The project was recently unveiled to attendees at the forum.
In a move that could open up a host of new opportunities for the economic alliance, the BRICS bloc has officially adopted cryptocurrencies for investments. At the collective’s ongoing Business Forum in Moscow, Russian President Vladimir Putin announced the decision that could be a game changer for the group.
The bloc is nearing the highly anticipated BRICS Summit 2024. Taking place next week, it is poised to see a host of new announcements regarding the bloc’s economic policies. Among them is the blockchain-based BRICS Pay platform. The project was recently unveiled to attendees at the forum.
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🔥 SAYLOR: “My view is Bitcoin is gonna appreciate 29% a year, ARR for the next 21 years.”
CEO of Microstrategy is super bullish on Bitcoin!
CEO of Microstrategy is super bullish on Bitcoin!
Fx and stock market is open
You can now trade them on 360xtrade.com
You can also do copy trading
Stake Xrp for daily profit
You can now trade them on 360xtrade.com
You can also do copy trading
Stake Xrp for daily profit
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Crypto Today: Bitcoin, Ethereum lose gains, XRP corrects on Monday, traders brace for $400 million unlocks
• Bitcoin erases 2% of its value on Monday and hovers around $67,000.
• Ethereum holds above $2,600, down nearly 3% on Monday.
• XRP trades near $0.55 as holders digest developments in lawsuit appeal and Elon Musk’s reaction to the altcoin.
Bitcoin, Ethereum and XRP updates
• Bitcoin trades above $67,000 on Monday. The largest cryptocurrency by market capitalization lost 2% of its value on Monday even as Spot Bitcoin ETFs note seven consecutive days of positive flows.
• Ethereum trades at $2,669, down 3% as the altcoin suffers a correction.
• XRP corrects less than 1% and holds above $0.55 on Monday as traders digest the Securities & Exchange Commission’s (SEC) appeal in the Ripple lawsuit and Elon Musk’s response to being asked about the altcoin.
• Elon Musk commented on the decentralized nature of cryptocurrencies and said he does not endorse XRP when asked about the token.
• Bitcoin erases 2% of its value on Monday and hovers around $67,000.
• Ethereum holds above $2,600, down nearly 3% on Monday.
• XRP trades near $0.55 as holders digest developments in lawsuit appeal and Elon Musk’s reaction to the altcoin.
Bitcoin, Ethereum and XRP updates
• Bitcoin trades above $67,000 on Monday. The largest cryptocurrency by market capitalization lost 2% of its value on Monday even as Spot Bitcoin ETFs note seven consecutive days of positive flows.
• Ethereum trades at $2,669, down 3% as the altcoin suffers a correction.
• XRP corrects less than 1% and holds above $0.55 on Monday as traders digest the Securities & Exchange Commission’s (SEC) appeal in the Ripple lawsuit and Elon Musk’s response to being asked about the altcoin.
• Elon Musk commented on the decentralized nature of cryptocurrencies and said he does not endorse XRP when asked about the token.
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🦾 Tesla moves $776 million in Bitcoin, what to expect
🏎️ • Tesla has moved its Bitcoin holdings, according to on-chain data tracked by Arkham Intelligence.
📛 • Tesla’s Bitcoin holdings have been split into seven different wallet addresses.
📊 • Analysts suggest the move could be driven by a change in custody to secure a loan against the Bitcoin holdings.
🏎️🦾 Electrical vehicle manufacturer Tesla (TSLA) has recently moved all of its Bitcoin (BTC) tokens – worth more than $776 million – to seven different wallet addresses. The moves, reported by crypto intelligence firm Arkham, caught the attention of crypto traders as Bitcoin movements by large-wallet investors typically affect the coin’s price depending on how these holdings are moved.
While transfers from wallets to exchanges can negatively impact price because they signal the owner’s willingness to sell, inter-wallet transfers on the other hand usually don’t have a significant impact on the token’s price.
🏎️ • Tesla has moved its Bitcoin holdings, according to on-chain data tracked by Arkham Intelligence.
📛 • Tesla’s Bitcoin holdings have been split into seven different wallet addresses.
📊 • Analysts suggest the move could be driven by a change in custody to secure a loan against the Bitcoin holdings.
🏎️🦾 Electrical vehicle manufacturer Tesla (TSLA) has recently moved all of its Bitcoin (BTC) tokens – worth more than $776 million – to seven different wallet addresses. The moves, reported by crypto intelligence firm Arkham, caught the attention of crypto traders as Bitcoin movements by large-wallet investors typically affect the coin’s price depending on how these holdings are moved.
While transfers from wallets to exchanges can negatively impact price because they signal the owner’s willingness to sell, inter-wallet transfers on the other hand usually don’t have a significant impact on the token’s price.
📛 XRP declines 2% as SEC vs. Ripple lawsuit advances, crypto exchange Uphold expresses support to RLUSD
• XRP trades at $0.5334 on Tuesday, down 2% on the day.
• Uphold supports Ripple’s stablecoin RLUSD, the crypto exchange comments on platform integration.
• XRP gears up for a nearly 7% decline in its price.
Ripple (XRP) lost nearly 2% of its value on Tuesday, October 22. The native token of the XRPLedger could extend its losses as XRP holders speculate the future of the altcoin, the Securities & Exchange Commission’s (SEC) lawsuit against Ripple and Ripple USD’s (RLUSD) utility and adoption among institutions.
Ripple made several announcements, such as listing official exchange partners and teasing the launch of the stablecoin with no fixed date, during the Swell 2024 event. Since then the focus has shifted to the SEC’s appeal against the final ruling in the Ripple lawsuit, the payment firm’s counter-appeal and Bitwise’s XRP ETF application.
• XRP trades at $0.5334 on Tuesday, down 2% on the day.
• Uphold supports Ripple’s stablecoin RLUSD, the crypto exchange comments on platform integration.
• XRP gears up for a nearly 7% decline in its price.
Ripple (XRP) lost nearly 2% of its value on Tuesday, October 22. The native token of the XRPLedger could extend its losses as XRP holders speculate the future of the altcoin, the Securities & Exchange Commission’s (SEC) lawsuit against Ripple and Ripple USD’s (RLUSD) utility and adoption among institutions.
Ripple made several announcements, such as listing official exchange partners and teasing the launch of the stablecoin with no fixed date, during the Swell 2024 event. Since then the focus has shifted to the SEC’s appeal against the final ruling in the Ripple lawsuit, the payment firm’s counter-appeal and Bitwise’s XRP ETF application.
XRP fails to recover even as Ripple files appeal in response to SEC's move
• Ripple announced on Thursday the filing of Form C, a pre-argument statement outlining the issues the firm will address in the appeals process.
• Ripple's move comes after the SEC appealed the 2024 final ruling in the lawsuit that imposed a $125 million penalty on the firm.
• XRP price loses over 1.5% on the day, showing that lawsuit-related developments failed to catalyze gains for the crypto token.
Ripple (XRP) price has been range bound between $0.5666 and $0.5068 since October 3. Over the past 20 days, XRP has traded within the range even as the Securities & Exchange Commission (SEC) vs. Ripple lawsuit sees new developments.
At the time of writing on Friday, XRP price loses over 1.5% on the day, trading at $0.5230, and could fall nearly 9% if the altcoin corrects further.
• Ripple announced on Thursday the filing of Form C, a pre-argument statement outlining the issues the firm will address in the appeals process.
• Ripple's move comes after the SEC appealed the 2024 final ruling in the lawsuit that imposed a $125 million penalty on the firm.
• XRP price loses over 1.5% on the day, showing that lawsuit-related developments failed to catalyze gains for the crypto token.
Ripple (XRP) price has been range bound between $0.5666 and $0.5068 since October 3. Over the past 20 days, XRP has traded within the range even as the Securities & Exchange Commission (SEC) vs. Ripple lawsuit sees new developments.
At the time of writing on Friday, XRP price loses over 1.5% on the day, trading at $0.5230, and could fall nearly 9% if the altcoin corrects further.
🔥 BULLISH: BlackRock’s $IBIT bought $292 million worth of #Bitcoin yesterday.
That’s 4,270 $BTC added to their holdings! 🎯🚀🚀
That’s 4,270 $BTC added to their holdings! 🎯🚀🚀
Make sure you’re printing everything from the market ⚡️💯
#Xrp to the world 🚀 ❤️
#Xrp to the world 🚀 ❤️
When we predict btc will hit $70k
Non of you all believe that
Today btc is at $71k
Don’t take information you get here for granted.
Dm @o360xtrade for new trading strategy and more
Non of you all believe that
Today btc is at $71k
Don’t take information you get here for granted.
Dm @o360xtrade for new trading strategy and more
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JUST IN🚧: BlackRock CEO Larry Fink says "we're going to have at least" another 25bps interest 📊 rate cut this year.
@cryptoopdate
@cryptoopdate
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🇺🇸 Donald Trump says: "Bitcoin is not threatening the dollar, the behavior of the current US government is really threatening the dollar."
Should I buy more Btc tomorrow with 10x leverage 😂🤔
@cryptoopdate
Should I buy more Btc tomorrow with 10x leverage 😂🤔
@cryptoopdate
🚨 Grand finale of altcoin reckoning’ soon, warns crypto trader
📛 Altcoins could be in for more pain before any gains are seen, according to a crypto trader, who predicted that a final “altcoin reckoning” is due to occur.
“It looks like the grand finale of the altcoin reckoning has finally arrived,” commented ITC Crypto founder Benjamin Cowen in a post on X on Nov. 4.
He added that this altcoin reckoning should be over by December 2024 or the second week of January 2025 at the latest. “It has been a long journey, and many gave up along the way, but this process was always going to play out,” he said.
The prediction is based on a final flush-out for altcoin markets, which occurred during the bear market of 2019, and the altcoin market capitalization chart is currently showing a similar pattern.
🚧 Altcoins showed a gradual recovery in 2020 before surging to fresh highs in 2021. According to the analyst, this scenario is likely to play out in 2025.
@cryptoopdate
📛 Altcoins could be in for more pain before any gains are seen, according to a crypto trader, who predicted that a final “altcoin reckoning” is due to occur.
“It looks like the grand finale of the altcoin reckoning has finally arrived,” commented ITC Crypto founder Benjamin Cowen in a post on X on Nov. 4.
He added that this altcoin reckoning should be over by December 2024 or the second week of January 2025 at the latest. “It has been a long journey, and many gave up along the way, but this process was always going to play out,” he said.
The prediction is based on a final flush-out for altcoin markets, which occurred during the bear market of 2019, and the altcoin market capitalization chart is currently showing a similar pattern.
🚧 Altcoins showed a gradual recovery in 2020 before surging to fresh highs in 2021. According to the analyst, this scenario is likely to play out in 2025.
@cryptoopdate
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