The proposal, filed under House Bill 421, directs the Bangko Sentral ng Pilipinas (BSP) to purchase up to 2,000 BTC annually for five years, establishing a 10,000 BTC reserve. Because nothing says “financial security” like putting your money in a digital vault that’s probably more secure than your Wi-Fi password. 🔐
On the “protocol news” stage, Chainlink snagged both ISO 27001 and SOC 2 Type 1 with the help of Deloitte-who presumably checked under the digital sofa cushions first. Their audits covered everything from price feeds to the impressively titled Cross-Chain Interoperability Protocol (CCIP), which sounds like networking with extra syllables.
Bitcoin, that grand titan of the digital currency realm, gained around 3.45% to trade at the princely sum of about $116,585. This recovery came after a downturn from its all-time high (ATH) of $124K in the second week of August, a journey marked by peaks and valleys, much like the Russian steppes in winter. Ethereum, ever the noble steed by Bitcoin’s side, climbed nearly 12.1% higher, trading at approximately $4,750.55. Not to be left behind, XRP also gained traction, climbing 4.7% to roughly $3.03, a testament to the resilience of even the smallest of players in this grand spectacle.
Reports from the ever-watchful CryptoQuant reveal that while the big boys are gobbling up coins like they’re candy, the smaller players are bailing out faster than a cat in a bathtub! 🛁💦
Everyone’s obsessed with cryptocurrencies lately-payments, investments, even their pets probably have crypto wallets at this point. Morningstar’s analysts, in their infinite wisdom, published a report on August 21, pointing out that while Bitcoin and Ethereum are cute for buying coffee or speculative daydreams, trusting them with your company’s financial future might be a *bit* reckless. Imagine putting your retirement funds into a game of high-stakes poker-except the dealer is in a different country, and the rules change every hour. 😅
In his much-anticipated soliloquy at the bucolic Jackson Hole, Wyoming-a place so quaint it makes one yearn for a monocle and a top hat-Powell declared, with all the subtlety of a peacock in full display, that “the balance of risks appear to be shifting.” 🦚 Oh, the drama! The central bank, it seems, is caught between the Scylla of inflation and the Charybdis of employment, a predicament as delightful as it is perilous.
But here’s the scoop – the game’s changing, and $TON is just the tip of the icy iceberg. Let’s dive into how these big corporations are throwing weight behind a few other flashy altcoins before the whole market goes bonkers! 🎉
The class-action suit, filed in August 2023, suggests that malicious actors, no doubt sipping lattes in some cozy cyber café, managed to nab sensitive data, sparking a delightful wave of phishing attempts. One can almost hear the chuckles from the dark corners of the internet.
In a recent strategy session-performed with the gravitas of a TED Talk on a YouTube stage-Zeberg proclaims Bitcoin shall ascend to a “new extreme all-time high,” as stocks and other risk assets waltz toward a “potential blow-off top.” A phrase so grand it could only be penned by someone who’s never touched a stock ticker in their life.
