qfx The company, which had the audacity to suspend withdrawals back in May, was placed into special administration last week, much to the surprise of no one who’s been paying attention. According to a Sunday report from The Telegraph, the writing was on the wall, and it was written in red ink.
But what’s behind this frenzy? Is it the promise of easy riches, or the thrill of participating in the next big thing? 🤔 Pump.fun’s platform is designed to be accessible to anyone, regardless of technical expertise. It’s a democratization of the meme coin economy, where anyone can create and trade their own tokens 🤑.
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“This is just the beginning!” Blockware exclaimed, sounding a bit like a fortune teller after a good cup of coffee. In just six months, they reckon three dozen plus companies will waltz in with their shiny new Bitcoin treasury. If true, that would represent an eyebrow-raising 25% increase from the current gaggle of 141 public companies flirting with Bitcoin (BTC), according to the illuminating data from Blockware. 📈
Democrats are stepping up their game against crypto deregulation, warning of national security threats and financial instability as Republicans speed up their pro-crypto legislative agenda. U.S. Representative Stephen Lynch of Massachusetts and Representative Maxine Waters of California announced on July 11 that they “will lead Democrats in opposition to Republicans’ efforts to jam through the House three dangerous pieces of crypto legislation, including the so-called ‘CLARITY Act,’ the ‘GENIUS Act,’ and a bill banning a central bank digital currency.”
So, strap in, dear reader. BeInCrypto has pulled up its socks and examined three Made in USA coins that might just face a bumpy road ahead.
Market analyst The Kobeissi Letter, in a stroke of genius, has decided to measure the S&P 500 against the almighty Bitcoin, revealing a tale of dramatic proportions. Since 2012, the index has plummeted by nearly 100% when compared to Bitcoin, according to data from Bitbo. Imagine, if you will, the investors who, with steadfast resolve, chose Bitcoin over the traditional stock market. They now bask in the glow of their massive gains, a testament to the power of digital currency. 🌟
Oh dear! Conspiracy theories have a way of blossoming like mushrooms after a lovely rain, and among the most persistent in the cryptocurrency world is the downright goofy notion that the NSA is the mastermind behind Bitcoin. This whimsical tale hinges on a paper from 1996 called “How to Make a Mint: The Cryptography of Anonymous Electronic Cash,” penned by clever NSA cryptographers. But when you put on your fact-finding glasses, you’ll discover the gaping holes in this argument, revealing that the NSA didn’t — and couldn’t — have invented Bitcoin at all! 🤦♂️
JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup, according to the ever-watchful eye of S&P Global, are collectively holding a staggering $172.28 billion in unrealized losses on their HTM securities as of March 31st. That’s more than the GDP of some small countries, and it’s not exactly the kind of wealth you can flaunt at a cocktail party.
The Wall Street Journal, for instance, published a grand total of two Bitcoin articles. Two! That’s about as much coverage as you’d get for a new flavor of cat food. The Financial Times and The New York Times each managed to squeeze out 11 articles, which is more than the WSJ, but still, it’s like they’re playing a game of “how little can we say about Bitcoin and still call it coverage.”
