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mariacallous · 2 months ago

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On a dead-end road that climbs out of the tiny city of Jenkins, in the foothills of the Appalachian Mountains in Eastern Kentucky, there stands a large warehouse with a mint green roof. It shares the road with a few other businesses, but is otherwise surrounded by an expanse of open fields and tree-lined slopes. Inside, the warehouse is stacked high with racks on racks of computers—thousands of them. But none have ever been switched on.

The warehouse is owned by Mohawk Energy, a company cofounded by Kentucky state senator Brandon Smith in 2005, originally to resculpt landscapes disfigured by coal mining. After lying dormant for a period, Mohawk was reincarnated in 2022 when Smith struck a deal with HBTPower, a company then owned by Chinese crypto exchange Huobi, which wanted to use the warehouse for a bitcoin mining operation.

Under the deal, Mohawk promised to fit up its warehouse with the necessary power infrastructure, operate the equipment, and funnel any bitcoin produced to HBT. In return, HBT would pay Mohawk a monthly hosting fee, a cut of its mining revenue, and the associated energy bills.

Smith says he hoped the arrangement would generate tax revenue and create jobs for former coal miners, who could be trained as repair technicians. The coal industry departed Jenkins long ago, the reserves depleted, leaving people in search of work. More than a third now live below the poverty line, per the latest census data. “I liked the idea of going from one type of mining to a new type,” says Smith. “I thought, now in Eastern Kentucky we are going to have our time—we’re going to catch up and play a part in the tech future.”

But after a promising start, the relationship between Mohawk and HBT soured and then fell apart. “Nothing has ever been turned on. It’s a fascinating, almost Willy Wonka–type atmosphere when you walk through,” says Smith. “It has turned into a disaster.”

In November 2023, HBT brought a lawsuit in federal court, alleging that Mohawk had breached its contract on several fronts, including by failing to install the appropriate power infrastructure and secure certain power subsidies, and attempting to sell off the mining equipment. “Ultimately, the source of the current dispute is Mohawk’s basic failure to comply with its obligations, not only in a timely way, but at all in many regards,” says Harout Samra, a specialist in international dispute resolution at law firm DLA Piper and representative for HBT.

Mohawk sued HBT in return, contesting the various alleged breaches and claiming that HBT is delinquent on more than $700,000 in rent, labor, and fit-up costs. The company is also seeking damages relating to the loss of income over the term of the contract and the inability to bring a new tenant into the facility while the equipment remains on-site. “Huobi simply made a bargain it believes now is a bad one, and wants to get out of it without paying the funds it owes,” the filing states.

The legal conflict, which remains unresolved, is just one in a series of fights between Chinese companies and the owners of industrial facilities in the rural US over failed bitcoin mining partnerships. What looked to facility owners in Kentucky like an irresistible opportunity to tap into a new line of business in an otherwise fallow period has turned into a nightmare. They claim to have been saddled with unpaid hosting fees and energy bills worth hundreds of thousands of dollars, with few options for recovering the money. The Chinese parties have been left equally displeased. “HBTPower obviously regrets that this opportunity has ultimately played out the way it has,” says Samra.

The bitcoin mining game—a race between computers to win the right to process a bundle of transactions and claim a crypto reward—is dominated by large corporations that own and operate industrial-scale facilities. But in 2021 and 2022, smaller-scale operations began to proliferate in the US countryside wherever there was available power, including in Kentucky. “A lot of mom-and-pop shops opened up,” says Phil Harvey, CEO at Sabre56, a firm that consults on crypto mining projects and operates its own facilities. “Appalachia has always been a good source of power.”

These small facilities were plugging a gap in the market. A ban on crypto mining in China had left businesses casting about for a new home for their many millions of dollars’ worth of mining equipment. “A lot of wealthy Chinese businesses were affected,” says Harvey. “Every minute these machines are down, they are losing revenue.” Meanwhile, as the price of bitcoin ballooned—and the profitability of mining along with it—mining firms and investor groups began to hoard large quantities of bitcoin mining equipment of their own, says Harvey, without considering where they might deploy it.

In an overheated market, holders of mining equipment jumped into hosting arrangements at short notice with owners of small facilities, some of whom had no prior experience and insufficient expertise, who agreed to install the equipment and run the mining operations on their behalf.

But the haste with which these hosting relationships came together, in the name of striking while bitcoin was hot, says Harvey, set many of the partnerships up for failure. There was limited due diligence conducted by parties on both sides, delays in kitting out facilities and deploying equipment, and disputes over payment terms, he says, among other points of friction. “It's a snowball effect where everyone just ends up getting pissed off with each other,” says Harvey.

Though the American market proved more expensive and bureaucratic than some Chinese businesses expected, says Harvey, problems were also caused by the hubris of facility owners, some of whom found themselves in over their heads. “It’s no joke running a [bitcoin mining] operation of any kind of scale,” he says. “Just because the Chinese are tough to do business with, doesn’t mean they are the ones in the wrong. I would say that blame is equally shared.”

The law firm acting for Mohawk in its dispute with HBT, Anna Whites Law Office, has represented multiple owners of small facilities in Kentucky in similar legal conflicts with Chinese partners. The cases differ from the Mohawk situation, says attorney Anna Whites, founder of the firm, but share a common thread: “We saw a pattern that [companies with ties to China] would ship in machines with uncertain provenance, mine very heavily for three months, then run without paying the bill,” she claims.

Some of the cases settled out of court; Whites is unable to supply the details for reasons of client confidentiality. But others continue to drag on.

Biofuel Mining, a company formerly co-owned by Smith, is involved in legal tangles with two companies that Whites believes to be run out of China: Touzi Tech and VCV Power Gamma. Although both are incorporated in Delaware, per SEC filings, they conduct business in Mandarin and cannot be reached at their listed US addresses, Whites claims. “It's pretty standard for the foreign entities from any country to get a short-term office so that they have less scrutiny from US investors and government agencies,” she says.

In both cases, Biofuel claims, the firms shipped equipment from China to its hosting facility in Eastern Kentucky, then walked away with the bitcoin produced, leaving behind hundreds of thousands of dollars in unpaid energy bills and hosting fees.

Biofuel reached a settlement with Touzi in early 2022 for $60,000, but despite having handed back the mining equipment, it claims not to have received the sum it is owed under the agreement.

In the still-unresolved spat with VCV, Biofuel received permission from the Martin County Circuit Court in Kentucky to sell off the mining equipment, claims Whites, to recoup a portion of the funds it is owed (she has not confirmed the amount), but she alleges that no damages have yet been awarded. VCV has stopped responding to communications, she claims.

Biofuel has since dissolved, put out of business by the failed hosting ventures. “I literally lost my house—I lost everything. It financially ruined me,” says Wes Hamilton, former Biofuel Mining CEO. “I’m just so frustrated about the whole thing.”

WIRED contacted VCV and Touzi for comment, but did not receive any response.

There are few financial recovery options for companies like Mohawk and Biofuel. The situation is made more difficult, as in the Mohawk case, if they are dealing with so-called special purpose entities. Because they are set up by their parent companies for a single specific business venture, these entities need not be concerned about their long-term ability to operate in the US.

“It certainly can be more difficult to recover damages from a non-US counterparty,” says Kim Havlin, a partner in the global commercial litigation practice at law firm White & Case. “There is certainly a risk that an entity that doesn’t need to be in the US may just ignore the case.”

Even if the Kentucky facility owners win out in court, it could be difficult to collect any damages awarded. “A judgment is essentially a piece of paper. Any judgment needs to be turned into assets or cash in order to be valuable,” says Havlin. If the opposing party refuses to pay up and has no US assets to collect against, sometimes that isn’t possible.

Almost a year after the dispute began, the Mohawk case is stuck in legal limbo. In a setback for Mohawk, the presiding judge recently denied its motion to dismiss HBT’s complaint, on the basis that it had failed to sufficiently back up its argument. The judge also pushed Mohawk’s countersuit into arbitration, a forum for resolving disputes privately instead of in open court. Non-US parties tend to prefer arbitration as a way to “remove a home forum from both sides,” explains Havlin. “You can pick an arbitral seat in neither country as a means of creating a neutral playing field.” A parallel federal court hearing is set for December to consider whether an injunction should be imposed on Mohawk, preventing it from selling off the remaining HBT equipment in its possession.

Smith has given up on the idea of recovering the full amount he claims to be owed. “We’re at the point that it’s almost silly to even be arguing about breaking even,” he says.

In an interview with PBS that aired in September 2023, touting the Mohawk Energy facility, Smith said he hoped to prove that not every business that blew into Jenkins would abandon the area. “I’ve stood at their ribbon cuttings, then watched them leave. I’d like to do something to let people know that not everybody is like that,” he said.

After the relationship with HBT collapsed last year, Smith faces the prospect of Mohawk becoming yet another false start. With the facility inactive, the company has been forced to dismiss the former coal miners brought on as technicians. (It is unclear how many people it employed.)

The Mohawk facility was perhaps never set to revitalize Jenkins in the way Smith hoped, anyway. “I would say that a rural community benefits very little from a bitcoin mining facility. In terms of job creation, it’s minimal in a lot of cases,” says Harvey, the consultant. “It's certainly not the savior to a dwindling community.”

Nonetheless, Smith remains hopeful of salvaging the crypto mining project, with a new partner. “I’m hoping that this gets settled in the way that it should and that somebody comes forward and lets us go through with the vision that we wanted for this region,” he says. “I hope every day that maybe some big company will see that there's a place ready to go in this part of the country.”

Otherwise, Mohawk’s dalliance with bitcoin mining will become a cautionary tale. “It was very hurtful to see these families lose their income. We were one of the biggest payrolls in Jenkins,” says Smith. “It adds insult to injury that I’m sitting here arguing in court.”

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bitcoinsocialcommunity · 1 year ago

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How the relationship between cryptocurrency and social media works

The world of cryptocurrencies is in overdrive with regard to growth and expansion, thanks to the multiple promotional and marketing opportunities available today. New cryptocurrency projects strive to reach as many potential users, traders, and investors as possible. And cryptocurrency social media platforms are creating a new wave in this transition and transformation. But how can they? Well, social media has become the instant route that helps them create and build a massive online presence fairly faster than any other traditional means of promotion and marketing. Let us see how this relationship works best between cryptocurrencies and social media platforms.

Relationship that exists between cryptocurrencies and social media

There is a relationship between cryptocurrencies and social media, and it works in a specific way.

Cryptocurrencies and social media platforms or channels share a common bond of mutually beneficial relationships. While cryptocurrencies gain from the capacity to reach wider target audiences and increased customer bases, social media platforms gain from the strategic exposure of their services to new users and subscribers.

Today, blockchain-powered social media platforms offer several monetization tools. These platforms allow the creation of revenue-generating channels. Users can make contributions, promote and monetize their content through tokens, and receive rewards for their contributions.

Social media channels are adopted as platforms to share vital cryptocurrency news and information. It helps talk about what's happening in the crypto world in real-time and therefore keeps investors and traders informed. For most traders and investors today, they rely on the latest cryptocurrency-shared details to make crucial trading decisions.

Social media has the power to impact cryptocurrency price fluctuations, either upwards or downwards. This is largely due to cryptocurrency price movements relying on public perceptions mainly shaped by insights, trends, analyses, and news on social media. This makes cryptocurrencies and social media have an intertwined relationship.

Social media platforms are known for enabling people to access curated data. Several social media platforms today have lots of credible information that is vital to helping investors and traders make proper cryptocurrency market analyses.

Final analysis

There is an inseparable bond between cryptocurrencies and social media since they perfectly align with the goal of spreading crypto information to as many users as possible. Today, cryptocurrency social media platforms like Bitcoin Social strive to share and spread reliable crypto news, trends, insights, information, up-to-date data, and many other aspects of cryptocurrencies.

#crypto #cryptocurrency #cryptocommunity #cryptonews #cryptosocialmedia #bitcoinsocial #socialmedia #cryptoforums #bitcoin #cryptomarketing #bitcoin social #crypto social media #crypto marketing

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funexcoin · 2 years ago

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A Revolutionary Digital Currency- Funex coin

Funex coin

Funex coin Funex coin can be described as a type of cryptocurrency that Funex created to be used in today's world. The capacity of this coin to perform online transactions in the most efficient, as well as safest, and secure way possible, has earned the coin a wide recognition. Funex coin Funex cryptocurrency is multi-chain token, which is distributed in a huge number of networks which include Tron, Binance, Ethereum along with the Polygon Smart Chain. The total amount of Funex coins is 150 million.

Name of the primary token that is used in Funex Club is Funex Coin. In the year 2019, Funex Club was established and one of its primary goals is to expand the amount of people who purchase items with cryptocurrency as a method of payment. Anyone can study cryptography through this Funex Club, and later they can apply the knowledge they have learned to work with conventional forms of currency. This particular Digital Currency is called Funex Coin, and its ticker is FUNEX.

Use of Funex coin

Funex Coin can also be a multi-chain cryptocurrency. Funex Club is a unique new digital currency platform that provides platforms as well as services and solutions that make it easier, safer and improve the speed of transferring money using crypto currencies. It is possible to use it to perform cryptocurrency transactions in a swift and secure way. Funex is an electronic currency that provides high-profile and top-quality solutions and services related to cryptocurrency. In order to make cryptocurrency use the same as traditional currency, Funex employed modern technology and the most modern technology.

Because the Funex Multi-chain token is offered on several platforms, such as Sunswap and Local Trade, Bitmart, and others It is easy for traders to purchase. Additionally you can invest it, purchase goods and invest in NFTs and many more. The users will soon have access to blockchain-based games which are generally regarded as the most thrilling now available.

Funex Metaverse and NFT

Funex hopes to introduce its players to a completely new world that includes gaming, the Metaverse, NFTs, gaming as well as other aspects. Funex Games Funex Games are the result of a meticulous plan and development work by a group of highly experienced gaming industry veterans using the latest and cutting-edge technology. One of the best ways to make future investments is via the trading of coins on Funex. It will be the new trend that will offer a variety of advantages and allow for anyone to make use of the money without the assistance of anyone else.

Funex coin app

The Funex coin app is available in the Play store, iOS, and web browsers. This Funex coin app comes with an intuitive user interface and comes loaded with numerous features that make trading fun and easy. It also comes with an account that lets you to store over 25 different cryptocurrency and is also among the wallets that are the most efficient in terms of sending and receiving cryptocurrency.

Funex coin wallet

It is the Funex coin wallet is considered a custodial account which implies it is the Funex Club is accountable for keeping your keys secure. This Funex wallet is one of the wallets that promises the most rapid transaction speeds that are available. Utilize the Funex wallet to save Digital Currency transfer cryptocurrency, and quickly transfer cryptocurrency.

#multi-chain token #Digital Currency #Funex coin app #Funex coin #Funex coin wallet

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truthblockchain · 4 days ago

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Blockchain Association Sues IRS Over Unconstitutional Rule Making

The Blockchain Association is pushing back against the latest cryptocurrency regulatory move of the United States Internal Revenue Service (IRS) with a joint lawsuit.

On Dec. 27, the IRS issued final regulations requiring brokers to report digital asset transactions, expanding existing reporting requirements to include front-end platforms, such as decentralized exchanges (DEXs).

Set to take effect in 2027, the rules mandate that brokers disclose gross proceeds from sales of cryptocurrencies and other digital assets, including information regarding taxpayers involved in the transactions.

In response to the new rules, the Blockchain Association and the Texas Blockchain Council filed a lawsuit against the IRS, announced Kristin Smith, the CEO of the Blockchain Association, in a Dec. 28 X post:

“Today we’re taking action, filing a lawsuit that argues today’s broker rulemaking violates the Administrative Procedure Act and is unconstitutional.”

“We stand with our nation’s innovators and will continue working to ensure the future of crypto – and DeFi – is here in the United States,” added Smith.

https://cointelegraph.com/news/blockchain-association-lawsuit-irs-decentralized-finance-rules

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biblenewsprophecy · 12 days ago

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Google’s Willow chip, Bitcoin, and Europe’s exascale JETI Jupiter supercomputer project

COGwriter

Google recently announced a new computing chip called Willow. Here is some information about it from Hartmut Neven:

I’m delighted to announce Willow, our latest quantum chip. Willow has state-of-the-art performance across a number of metrics, enabling two major achievements.

The first is that Willow can reduce errors exponentially as we scale up using more qubits. This cracks a key challenge in quantum error correction that the field has pursued for almost 30 years.Second, Willow performed a standard benchmark computation in under five minutes that would take one of today’s fastest supercomputers 10 septillion (that is, 1025) years — a number that vastly exceeds the age of the Universe.

The Willow chip is a major step on a journey that began over 10 years ago. When I founded Google Quantum AI in 2012, the vision was to build a useful, large-scale quantum computer that could harness quantum mechanics — the “operating system” of nature to the extent we know it today — to benefit society by advancing scientific discovery, developing helpful applications, and tackling some of society’s greatest challenges. As part of Google Research, our team has charted a long-term roadmap, and Willow moves us significantly along that path towards commercially relevant applications. …

As a measure of Willow’s performance, we used the random circuit sampling (RCS) benchmark. … Willow’s performance on this benchmark is astonishing: It performed a computation in under five minutes that would take one of today’s fastest supercomputers 1025 or 10 septillion years. If you want to write it out, it’s 10,000,000,000,000,000,000,000,000 years. This mind-boggling number exceeds known timescales in physics and vastly exceeds the age of the universe. 12/09/24 https://blog.google/technology/research/google-willow-quantum-chip/

One thing to mention here is that Hartmut Neven is German and has been involved in Artificial Intelligence. Here is something Wikipedia has about him:

Hartmut Neven (born 1964) is a scientist working in quantum computing, computer vision, robotics and computational neuroscience. He is best known for his work in face and object recognition and his contributions to quantum machine learning. He is currently Vice President of Engineering at Google where he is leading the Quantum Artificial Intelligence Lab which he founded in 2012. …

Born1964 (age 59–60)

Aachen, Germany

NationalityGerman

(Hartmut Neven. Wikipedia, accessed 12/19/24)

Notice that some suspect that chips like Willow may be a threat to cryptocurrencies like Bitcoin according to this report from Forbes:

Small Step Or Giant Leap? Assessing Google’s Quantum Threat To BTC

December 19, 2024

Any major developments regarding quantum computing tend to cause a collective intake of breath among the crypto community. Google’s latest announcement launching its quantum processor, dubbed Willow, is no different. Not only does Willow feature double the number of qubits (or quantum bits, the quantum equivalent of processing capacity in traditional computers), but Google has also managed to reduce the instability usually caused by adding more qubits.

Therefore, Willow offers increased computational capacity relative to the number of additional qubits compared to other quantum machines. To put this into context, Willow takes around five minutes to execute a task that would take a standard supercomputer a trillion trillion years to process.

This significant leap forward in processing power leads to questions about Bitcoin’s legendary security, unbroken for 15 years since the genesis block. Bitcoin relies on cryptography, including the SHA-256 algorithm, which is secure enough to withstand any brute-force attack by traditional computers. But, if we put the same task in front of increasingly powerful quantum machines, a successful attack will begin to approach the point of feasibility. https://www.forbes.com/sites/nimrodlehavi/2024/12/19/small-step-or-giant-leap-assessing-googles-quantum-threat-to-btc/

I have long warned that Bitcoin had risks, and this looks to be another one.

That said, these developing superfast computers are not just a threat to Bitcoin, but when improperly used, they likely are something to be exploited by the coming European 666 Beast power.

As far as Europe and supercomputers go, notice the following:

New JUPITER module strengthens leading position of Europe’s upcoming Exascale Supercomputer

The journey towards Europe’s first exascale supercomputer, JUPITER, at Forschungszentrum Jülich is progressing at a robust pace. A major milestone has just been reached with the completion of JETI, the second module of this groundbreaking system. By doubling the performance of JUWELS Booster—currently the fastest supercomputer in Germany—JETI now ranks among the world’s most powerful supercomputers, as confirmed today at the Supercomputing Conference SC in Atlanta, USA. The JUPITER Exascale Transition Instrument, JETI, is already one-twelfth of the power of the final JUPITER system, setting a new benchmark on the TOP500 list

Built by the Franco-German team ParTec-Eviden, Europe’s first exascale supercomputer, JUPITER, will enable breakthroughs in the use of artificial intelligence (AI) and take scientific simulations and discoveries to a new level. Procured by the European supercomputing initiative EuroHPC Joint Undertaking (EuroHPC JU), it will be operated by the Jülich Supercomputing Centre (JSC), one of three national supercomputing centres within the Gauss Centre for Supercomputing (GCS). Since the middle of this year, JUPITER has been gradually installed at Forschungszentrum Jülich. Currently, the modular high-performance computing facility, known as the Modular Data Centre (MDC), is being delivered to house the supercomputer. The hardware for JUPITER’s booster module will occupy 125 racks, which are currently being pre-installed at Eviden’s flagship factory in Angers, France, and will then be shipped to Jülich ready for operation.

The final JUPITER system will be equipped with approximately 24,000 NVIDIA GH200 Grace Hopper Superchips, specifically optimized for computationally intensive simulations and the training of AI models. This will enable JUPITER to achieve more than 70 ExaFLOP/s in lower-precision 8-bit calculations, making it one of the world’s fastest systems for AI. The current JETI pilot system contains 10 racks, which is exactly 8 percent of the size of the full system. In a trial run using the Linpack Benchmark for the TOP500 list, JETI achieved a performance of 83 petaflops, which is equivalent to 83 million billion operations per second (1,000 PetaFLOP is equal to 1 ExaFLOP). With this performance JETI ranks 18th on the current TOP500 list of the world’s fastest supercomputers, doubling the performance of the current German flagship supercomputer JUWELS Booster, also operated by JSC. …

In order to equip Europe with a world-leading supercomputing infrastructure, the EuroHPC JU has already procured nine supercomputers, located across Europe. No matter where in Europe they are located, European scientists and users from the public sector and industry can benefit from these EuroHPC supercomputers via the EuroHPC Access Calls to advance science and support the development of a wide range of applications with industrial, scientific and societal relevance for Europe. 11/18/24 https://www.mynewsdesk.com/partec/pressreleases/new-jupiter-module-strengthens-leading-position-of-europes-upcoming-exascale-supercomputer-3355162?utm_source=rss&utm_medium=rss&utm_campaign=Alert&utm_content=pressrelease

The JUPITER Exascale Transition Instrument, JETI, is already one-twelfth of the power of the final JUPITER system, setting a new benchmark on the TOP500 list. 11/19/24 https://www.hpcwire.com/off-the-wire/new-jupiter-module-strengthens-leading-position-of-europes-upcoming-exascale-supercomputer/?utm_source=twitter&utm_medium=social&utm_term=hpcwire&utm_content=05dac910-6268-4a88-b01b-1f0dd233eca9

Exascale: the Engine of Discovery

Exascale computing will have a profound impact on everyday life in the coming decades. At 1,000,000,000,000,000,000 operations per second, exascale supercomputers will be able to quickly analyze massive volumes of data and more realistically simulate the complex processes and relationships behind many of the fundamental forces of the universe.

accessed 12/19/24 https://www.exascaleproject.org/what-is-exascale/

The “much more” would seem to include military applications as well as the surveillance and control of people and buying and selling.

This sounds like another step to 666.

The speed of process is so fast that it is mindboggling.

The Bible shows that a European power will arise that will control buying and selling:

16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name. Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666. (Revelation 13:16-17)

When the Apostle John penned the above, such control of buying and selling was not possible.

However, with supercomputers. AI, and digital payments, it is now.

The European Union has already announced it was launching surveillance software (see ‘The EU is allowing the linking of face recognition databases to create a mega surveillance system’ 666 infrastructure being put into place).

And, now, it looks to be closer to having the supercomputer hardware to make it more of a reality.

There is also an office in the EU to enforce its financial rules.

When it was announced, we put together the following video:

youtube

9:55

EU Setting Up 666 Enforcer?

The European Union is in the process of establishing the European Public Prosecutor’s Office. This is a major, first-of-its-kind move, with the EU setting up a European-wide prosecutor’s office that will have power to investigate and charge people for financial crimes committed against the EU. It looks like this type of office may end up persecuting those that do not have the mark of the Beast when they “buy or sell” as that will later be considered a financial crime in Europe. What does 666 mean? How has that name be calculated? How can we be certain that this is a prophecy for Europe and not Islam? Is the appointment of this new office of significant prophetic importance? Dr. Thiel addresses these issues and more by pointing to scriptures, news items, and historical accounts.

Here is a link to the sermonette video: EU Setting Up 666 Enforcer?

The European Public Prosecutor’s Office officially started operations on 1 June 2021 (https://www.eppo.europa.eu/en/background).

So, yes, there is an enforcer.

Now there is hardware, more surveillance software, and massively faster computation ability.

Persecution will come.

Jesus warned Christians to flee persecution:

23 When they persecute you in this city, flee to another. For assuredly, I say to you, you will not have gone through the cities of Israel before the Son of Man comes (Matthew 10:23).

Surveillance software on supercomputers may well be a factor in fleeing from multiple cities.

Europe in particular is moving more and more towards becoming a totalitarian state.

When will this fully be in place?

After the Gospel of the Kingdom of God has sufficiently reached the world the end comes and the Beast will rise up (Matthew 24:14-22, Revelation 13, 17:12-13).

We are getting closer to that day.

It looks like exascale supercomputers are another step towards 666.

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blockchainappmaker07 · 17 days ago

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Blockchain: The Future of Business Innovation in London

Indeed, one of the most vibrant cities in the world, London does stand tall at the forefront of innovation with regard to the tech world. It is indeed something which has emerged as a revolutionary force that is transforming the very fabric of industries and, therefore, redefining the business operations by providing blockchain development services in London. Here at Blockchain App Maker London, we do specialize in bringing cutting-edge blockchain solutions designed according to the needs of modern life in business, thereby letting them get ahead in the scenario.

What Is Blockchain, and Why Does It Matter?

Blockchain is a decentralized open and secure technology that enables the logging of information in an immutable, tamper-proof manner. Conversely, blockchain is different from centralization: this is a distributed ledger; it promotes trust efficiency and innovation in industries.

For businesses in London, blockchain offers unparalleled opportunities to develop trust and promote efficiency by eliminating third parties and optimizing workflow processes.

Improve Security: Protect sensitive data with strong cryptographic mechanisms.

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Whether you're a startup looking to disrupt the market or an established enterprise seeking digital transformation, blockchain can revolutionize how you operate.

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Our expertise is in providing end-to-end blockchain development services. Here's what we can do for your business:

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Each business is unique, just like its needs. We provide custom blockchain solutions that can be in line with your intended goals for maximum impact.

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We're riding the NFT wave with the businesses, allowing them to capitalize on that trend. Our team specializes in NFT token creation, the development of marketplaces, and custom-made NFT solutions.

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Blockchain adaptation is crucial to London since it views itself as a financial metropolis. Blockchain technology avails secure and efficient finances from decentralized exchanges up to asset tokenization.

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Blockchain simplifies, clear, and secure property purchases and sale and leasing as well eliminating inefficiencies of the process in buying, selling, and lease.

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The two retail and logistics sectors in London will be able to win from blockchain through traceability and transparency.

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In the health care sector, blockchain will ensure that any information related to a patient is traded using a secure and transparent transaction. This in turn helps achieve efficiency through trust among the stakeholders.

Our vision: Blockchain-enabled London

We, at Blockchain App Maker London, look into a future where blockchain technology empowers businesses, governments, and communities in the city, innovatively developing scalable solutions to help growth, improve efficiency, and establish trust in the digital economy. Let's Build the Future Together.

Have you considered the possibilities that blockchain brings to your business? Engage Blockchain App Maker London as a business partner and be part of the companies leading change with a new future. Let us start now by discussing your project on the phone.

#blockchain development in London #blockchain services in London #blockchain company in London #blockchain in London

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cryptoventure01 · 20 days ago

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Shaping Tomorrow: Top Crypto and AI Trends Today

The intersection of cryptocurrency, NFTs, and artificial intelligence (AI) is shaping the future of technology, finance, and culture. These transformative sectors are unlocking new possibilities, creating innovative solutions, and pushing boundaries across industries. From Bitcoin price fluctuations to the rise of generative AI and the explosion of digital collectibles, these trends are not just fleeting moments—they are the building blocks of tomorrow.

In this blog, we explore the latest developments in cryptocurrency, NFTs, and AI, and how they are converging to create new opportunities for investors, creators, and businesses alike.

1. Cryptocurrency: Revolutionizing the Financial Landscape

Cryptocurrency has moved beyond the early days of experimentation into becoming a mainstream financial tool. It is no longer just about Bitcoin; the entire ecosystem of crypto coins is evolving at an unprecedented rate, and its impact is being felt across industries.

A. Institutional Adoption of Crypto

From hedge funds to publicly traded companies, the interest in cryptocurrency among institutional investors continues to grow. Bitcoin remains the most popular asset, with large-scale players such as MicroStrategy and Tesla diversifying their portfolios with digital assets. The growing confidence in cryptocurrency is also reflected in its wider acceptance as a legitimate financial asset, attracting investors from around the world.

Stay up to date with the Bitcoin price today and explore crypto coin news today for the latest market shifts and trends.

B. The Rise of Central Bank Digital Currencies (CBDCs)

Central banks are launching their own digital currencies (CBDCs) as they seek to bring the benefits of cryptocurrency into the regulatory fold. These state-backed digital assets aim to provide greater security, reduced transaction costs, and more accessible financial systems. Leading economies, including China, Europe, and the United States, are now actively experimenting with or developing their own CBDCs, setting the stage for the future of digital currency.

C. Decentralized Finance (DeFi) – The Future of Banking

DeFi continues to grow as a driving force in the cryptocurrency space. By using blockchain technology, DeFi enables users to access financial services—such as lending, borrowing, and yield farming—without the need for traditional financial intermediaries like banks. This financial freedom, combined with enhanced transparency and reduced fees, is creating new opportunities for anyone with access to the internet.

For the latest in coins news crypto and Bitcoin news, visit CryptoVenture for real-time updates.

2. NFTs: Changing the Landscape of Digital Ownership

Non-Fungible Tokens (NFTs) are rapidly revolutionizing digital ownership. Initially, NFTs found fame through digital art, but now their applications are expanding into gaming, virtual real estate, and more. The unique ability of NFTs to verify ownership and authenticity has opened up entirely new markets and opportunities.

A. NFTs in Gaming and Virtual Real Estate

Games like Axie Infinity and platforms like Decentraland are at the forefront of the NFT revolution, where players buy, sell, and trade in-game assets and virtual land as NFTs. This shift towards virtual economies has created a new form of wealth creation in the digital world, with NFT-based assets becoming valuable commodities for gamers and investors alike.

B. Eco-Friendly NFTs: Sustainability Takes the Lead

As NFTs grow in popularity, concerns regarding their environmental impact have emerged. With Ethereum’s energy-intensive proof-of-work model, many NFT creators and collectors are seeking more sustainable solutions. Blockchain platforms like Tezos and Flow are offering environmentally friendly alternatives, ensuring that NFTs can thrive without compromising the planet.

3. Artificial Intelligence: Pushing the Boundaries of Innovation

AI is increasingly transforming how we approach technology, business, and creativity. Its applications span numerous industries, from healthcare and finance to entertainment and marketing. As AI continues to evolve, it is reshaping everything it touches, including cryptocurrency and NFTs.

A. Generative AI: Redefining Creative Possibilities

Generative AI is one of the most exciting developments in recent years, allowing machines to create art, music, text, and more. Tools like ChatGPT and DALL·E are enabling creators to produce high-quality content more efficiently and creatively. This technology has the potential to redefine what is possible in the creative industry, offering fresh opportunities for NFT creators and digital artists to explore new frontiers.

B. AI-Powered Trading and Crypto Investment

In the world of cryptocurrency, AI is playing an increasingly crucial role in trading. AI-powered platforms use machine learning algorithms to analyze massive amounts of market data, helping investors make more informed, data-driven decisions. This is especially beneficial in the fast-paced and volatile world of cryptocurrency, where Bitcoin and other coins can fluctuate dramatically within short periods.

For the latest Shiba Inu coin news and Bitcoin news, stay connected with CryptoVenture for up-to-date market trends and insights.

4. The Convergence: What Happens When Crypto, NFTs, and AI Meet?

As the worlds of cryptocurrency, NFTs, and AI continue to evolve, they are beginning to merge in unexpected and exciting ways. The intersection of these technologies promises to bring even greater innovation and opportunities.

A. AI-Driven NFTs and Digital Art

AI is playing an increasing role in the creation of NFTs, with algorithms now able to generate unique, high-quality digital artworks. This allows artists and creators to produce an endless variety of NFT assets that were previously unimaginable, broadening the horizons of digital art and ownership.

B. Smarter Crypto Trading with AI

In the fast-paced world of cryptocurrency, traders are now turning to AI for better analysis and prediction of market trends. By integrating AI with crypto trading strategies, users can automate their trading processes, make more accurate predictions, and ultimately maximize returns while minimizing risks.

C. Blockchain for AI Data Security and Privacy

The integration of AI with blockchain technology is enhancing privacy and data security. Blockchain ensures that user data remains encrypted, transparent, and tamper-proof, while AI enables the efficient processing of this data. This combination holds great potential for creating more secure digital platforms, where users can interact, transact, and share data without the risk of compromising privacy.

Conclusion: The Future Is Here

The rapid advancements in cryptocurrency, NFTs, and AI are not only changing the way we interact with technology, but they are also creating new opportunities for businesses, creators, and investors. By embracing these trends, individuals and companies can stay ahead of the curve in an increasingly digital and decentralized world.

For the latest updates on Bitcoin price today, coins news crypto, and Shiba Inu coin news, visit CryptoVenture for the most up-to-date insights. Whether you're a crypto enthusiast, an NFT creator, or an AI advocate, staying informed about these emerging trends will help you navigate the ever-changing landscape of digital innovation.

#bitcoinnews #bitcoinpricetoday #coinsnewscrypto #cryptocurrencynewstoday #shibainucoinnews

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qocsuing · 25 days ago

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A Beginner's Guide to Buying Pepe Coin

Cryptocurrency has taken the world by storm, and among the plethora of digital coins available, Pepe Coin stands out due to its unique community and meme culture. If you're intrigued by this coin and want to invest, here's a step-by-step guide to help you get started.To get more news about how to buy pepe coin, you can visit our official website.

Step 1: Educate Yourself Before diving into the world of Pepe Coin, it's essential to understand the basics of cryptocurrency and the risks involved. Read up on blockchain technology, market trends, and the specific characteristics of Pepe Coin. Websites like CoinMarketCap and CoinGecko are great resources.

Step 2: Choose a Reliable Exchange To buy Pepe Coin, you'll need to use a cryptocurrency exchange that lists it. Popular exchanges like Binance, Kraken, or Coinbase might be options, but ensure you check if they list Pepe Coin specifically. Create an account on a reputable exchange and complete the necessary identity verification steps.

Step 3: Secure Your Wallet Before purchasing, set up a secure digital wallet to store your Pepe Coin. Options include hardware wallets like Ledger or Trezor for maximum security, or software wallets like MetaMask or Trust Wallet for ease of use. Never share your wallet's private keys or recovery phrases.

Step 4: Fund Your Account After setting up your account on the chosen exchange, deposit funds into it. Most exchanges accept deposits in fiat currency (like USD, EUR, etc.) or other cryptocurrencies. Follow the exchange's instructions to fund your account securely.

Step 5: Purchase Pepe Coin Once your account is funded, navigate to the trading section of the exchange and search for Pepe Coin. Use the available market order or limit order options to buy your desired amount. Double-check all details before confirming the transaction.

Step 6: Withdraw to Your Wallet After purchasing Pepe Coin, transfer it from the exchange to your personal wallet for added security. This step protects your investment from potential exchange hacks or other issues. Ensure you follow the correct procedure to avoid any mistakes.

Step 7: Stay Informed Cryptocurrency markets are highly volatile. Stay updated with the latest news and developments regarding Pepe Coin and the broader crypto market. Join online communities, follow reputable news sources, and continuously educate yourself to make informed decisions.

Investing in cryptocurrency like Pepe Coin can be exciting and potentially rewarding, but it's crucial to approach it with caution and awareness. Always conduct thorough research and never invest more than you can afford to lose.

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cryptocointalks · 1 month ago

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The world of cryptocurrency is both thrilling and complex, making it essential for enthusiasts and traders to have access to reliable information, insights, and discussions. For beginners taking their first steps into this dynamic space, forums and online communities serve as vital resources. They provide a space for cryptocurrency talk forums, knowledge sharing, and discussions about market trends.

Why Cryptocurrency Forums Matter

Joining a crypto discussion forum has numerous advantages, regardless of your level of experience. For beginners, forums provide easy-to-understand guidance and tutorials, while experienced traders can share insights and engage in high-level market analysis. Here’s why they’re invaluable:

Learning Opportunities: Access to free educational resources on cryptocurrency basics and trading.

Networking: Opportunities to connect with other enthusiasts and professionals in the blockchain space.

Market Updates: Stay informed about the latest trends, news, and developments in the crypto world.

Problem Solving: Get your questions answered by a community of experts and peers.

Supportive Environment: Many forums offer a welcoming space for people to explore cryptocurrency, no matter their experience level.

Cryptocurrency Forums for Beginners

For newcomers, finding the right cryptocurrency forums for beginners can make all the difference. These platforms are designed to be approachable and offer clear guidance on foundational topics.

BitcoinTalk As one of the most prominent and long-standing cryptocurrency talk platforms, BitcoinTalk has been a hub for crypto discussions since its inception in 2009. Beginners can explore threads tailored to basic concepts, while more experienced users discuss advanced blockchain projects and technical details.

CryptoCompare Forum A go-to space for comparing cryptocurrencies, the CryptoCompare forum is ideal for those seeking advice on selecting coins to invest in or learning about crypto mining. It also serves as a valuable crypto forum USA users rely on for real-time market analysis.

Reddit Communities Subreddits like r/cryptocurrency and r/Bitcoin are excellent starting points for beginners. These communities host discussions on everything from blockchain basics to the latest market trends, making them a top choice among cryptocurrency forums for beginners.

Best Cryptocurrency Trading Forums

If trading is your focus, specialized trading crypto forum offer a wealth of resources and expertise. Here are some of the top options:

TradingView Community Known for its powerful charting tools, TradingView also has an active crypto trading forum where traders share technical analyses, strategies, and insights. Whether you’re a day trader or a long-term investor, this platform is highly valuable.

Elite Trader While not exclusively dedicated to cryptocurrency, this forum includes a robust section for crypto trading. It’s an ideal platform for discussing strategies and learning from experienced traders.

CryptoCoinTalk A highly regarded space for cryptocurrency enthusiasts, this crypto forum USA caters to both beginners and seasoned investors. Topics range from market speculation to technical tutorials, making it one of the best crypto trading forums.

Top Cryptocurrency Talk Platforms and Discussion Forums

Finding platforms that foster in-depth cryptocurrency talk forum and discussion threads is essential for staying ahead in the fast-evolving world of digital currencies. Here are some platforms to consider:

AltcoinTalk This forum is perfect for those interested in altcoins and emerging blockchain projects. It’s a great place for meaningful discussions about lesser-known cryptocurrencies and ICOs.

CoinTelegraph Markets Pro Combining news with community discussions, this crypto discussion forum is designed for traders who want to keep a pulse on market movements. It’s also a great platform for spotting opportunities in real-time.

Discord and Telegram Groups Beyond traditional forums, platforms like Discord and Telegram host vibrant crypto communities. These groups often provide instant feedback, updates, and exclusive insights on trending topics.

Best Crypto Communities for Networking and Growth

One of the most significant advantages of participating in Best crypto communities is the sense of belonging to a crypto community. These communities provide more than just market insights — they foster collaboration and innovation.

Crypto Twitter: A hotspot for breaking news and opinionated discussions, Crypto Twitter is a place to follow influential figures and participate in trending conversations.

Medium Blogs and Comments: Many crypto enthusiasts and developers share detailed analyses and updates on Medium. The comment sections often turn into mini crypto discussion forums, providing direct engagement with the authors and other readers.

Facebook and LinkedIn Groups: While less formal than traditional forums, these platforms host active groups dedicated to cryptocurrency education and networking.

How to Choose the Right Crypto Forum for You

When deciding which cryptocurrency forums or crypto talk platforms to join, consider the following:

Reputation: Choose forums with active moderation and a history of valuable discussions.

Focus Area: Some forums cater specifically to beginners, while others focus on trading or blockchain development.

Accessibility: Look for platforms with intuitive interfaces and well-organized content.

Conclusion

Engaging with the right top crypto discussion forums and crypto discussion forums can enhance your understanding of digital assets and blockchain technology. From beginner-friendly spaces to advanced crypto trading forums, there’s something for everyone. By participating in these cryptocurrency talk forums, you’ll not only expand your knowledge but also become part of a thriving crypto community that shares your passion for this revolutionary technology.

FAQs

1. What are the best cryptocurrency forums for beginners to get started?

Answer:- Beginners can explore forums like Bitcoin Talk, Crypto Compare Forum, and Reddit communities such as r/cryptocurrency and r/Bitcoin. These platforms offer easy-to-follow guides, beginner-friendly discussions, and insights into cryptocurrency basics. They are excellent starting points for building foundational knowledge and connecting with other newcomers to the crypto space.

2. How can I choose the right cryptocurrency forum or community for my needs?

Answer:- When selecting a forum, consider factors such as its reputation, the focus area of discussions (e.g., trading, blockchain development, or altcoins), and how active and supportive the community is. Platforms like TradingView Community and CryptoCoinTalk are ideal for trading enthusiasts, while Discord and Telegram groups provide real-time updates and networking opportunities for those seeking vibrant, interactive environments.

#crypto #currency #bitcoin

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cryptocurrency1234canada · 1 month ago

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Crypto Venture: The Latest Trends in Cryptocurrency, NFTs, and AI

The world of cryptocurrency, NFTs, and AI continues to evolve at a breathtaking pace, creating new opportunities and reshaping industries. At Crypto Venture, we explore the most exciting developments and trends to keep you informed and ahead of the curve. Here’s a deep dive into the latest in coins news crypto, blockchain innovation, and AI-powered advancements.

1. Bitcoin Price Today: A Barometer of Market Sentiment

The Bitcoin price today reflects the dynamic nature of the cryptocurrency market. Bitcoin continues to serve as the benchmark for digital assets, with its price movements heavily influenced by:

Institutional interest in Bitcoin ETFs.

Ongoing regulatory discussions worldwide.

Macro-economic factors such as inflation and global market conditions.

Recent Bitcoin news highlights how adoption in emerging economies and technological upgrades to the blockchain are bolstering Bitcoin's role as a long-term investment vehicle.

2. Shiba Inu Coin News: From Meme Coin to Utility Powerhouse

Shiba Inu, once regarded as a meme coin, is rapidly transforming into a serious player in the cryptocurrency ecosystem. The latest Shiba Inu coin news covers exciting advancements like:

The launch of Shibarium, a blockchain scaling solution aimed at improving transaction speeds and reducing fees.

New partnerships that are expanding Shiba Inu’s utility in decentralized finance (DeFi) and NFTs.

Community-driven initiatives to enhance its ecosystem and integrate with the metaverse.

Shiba Inu’s journey showcases the power of community and innovation in the evolving world of coins news crypto.

3. NFTs: Unlocking New Realms of Ownership

NFTs (non-fungible tokens) are evolving beyond their origins in digital art and collectibles. The latest trends include:

AI-powered NFTs that adapt and evolve over time based on user interactions.

Applications of NFTs in gaming, where players own unique in-game assets and experiences.

The expansion of NFTs into the luxury goods sector, enabling secure authentication and ownership tracking.

As NFTs gain traction in mainstream industries, Crypto Venture is your source for understanding their full potential in the digital economy.

4. AI and Blockchain: The Perfect Partnership

The integration of artificial intelligence (AI) with blockchain is creating new possibilities for innovation. This powerful combination is driving advancements in:

Predictive Analytics: AI models are analyzing vast datasets to forecast cryptocurrency trends, aiding traders in making informed decisions.

Enhanced Security: Blockchain-based AI solutions are strengthening cybersecurity, ensuring safe and transparent transactions.

Smart Contracts: AI is improving the functionality of smart contracts by automating complex processes and enabling adaptive agreements.

These developments are transforming industries and offering exciting new opportunities in the broader world of crypto currency news.

5. Emerging Altcoins: Key Updates in Coins News Crypto

While Bitcoin and Ethereum dominate the spotlight, many altcoins are gaining recognition for their unique use cases. Today’s highlights include:

Tokens focused on eco-friendly blockchain solutions, reducing the environmental impact of cryptocurrency mining.

Altcoins enabling decentralized applications (dApps) across diverse sectors such as finance, healthcare, and logistics.

Niche tokens empowering creators and communities in the metaverse and beyond.

For investors seeking diversification, Crypto Venture provides comprehensive updates on emerging altcoin projects.

Why Stay Updated with Crypto Venture?

At Crypto Venture, we prioritize delivering accurate, timely, and insightful updates across cryptocurrency, NFTs, and AI. From the latest Bitcoin news to deep dives into the transformative potential of AI and NFTs, our platform equips you with the knowledge to succeed in this fast-paced industry.

What We Offer:

Real-time updates on Bitcoin price today and other major cryptocurrencies.

In-depth analysis of Shiba Inu coin news and the altcoin market.

Expert perspectives on technological advancements shaping the future of finance and digital assets.

Explore the Future with Crypto Venture

Cryptocurrency, NFTs, and AI are not just trends—they’re shaping the future of technology and finance. At Crypto Venture, we ensure you’re equipped with the insights and tools you need to navigate these exciting developments.

Stay ahead in the world of crypto currency news and explore the endless possibilities of blockchain and AI. Visit Crypto Venture today and take the first step toward mastering the digital revolution

#crypto #crypto currency news #crypto currency #crypto news

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blockinsider · 1 month ago

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Altcoins Must Shed Bitcoin Dependence for a Successful Altseason Launch

Key Points

Altcoins need to separate from Bitcoin’s influence to trigger a significant rally, says CryptoQuant CEO Ki Young Ju.

Bitcoin’s dominance in the crypto market is peaking, suggesting a potential altseason with Ethereum reaching a record high.

Despite altcoins’ impressive performance in 2024, the anticipated altseason has not yet kicked off a significant rally in this sector. Ki Young Ju, the CEO of CryptoQuant, has provided some insights into why this altseason is delayed. He believes that altcoins need to decouple from the Bitcoin price movement and Bitcoin’s market dominance.

Factors Influencing Bitcoin Price

Ju highlights that, unlike past cycles, the current Bitcoin price rally is driven by institutional investors and spot ETFs, not retail traders on crypto exchanges.

Institutional investors and ETF buyers, Ju notes, usually do not shift their assets from Bitcoin to altcoins. Furthermore, as they operate outside of crypto exchanges, it becomes challenging for them to transfer funds between Bitcoin and altcoins via OTC trades.

While some institutional investments may flow into major altcoins through ETFs or other vehicles, smaller altcoins still heavily depend on crypto exchange users for capital.

Altcoins and Fresh Capital

For altcoins to reach new all-time high market capitalizations, a significant influx of fresh capital is needed on exchanges. However, the current altcoin market cap remains below its previous all-time high, indicating a lack of new liquidity from exchange users.

Ju suggests that if retail investors return to Bitcoin, this could reignite exchange user activity and potentially trigger an altcoin season. However, he emphasizes that future Bitcoin growth is likely to come from institutional investments, ETFs, and possibly government involvement, rather than from retail traders.

Ju also advises that altcoins should focus on developing independent strategies to attract new capital, rather than relying on Bitcoin’s momentum to drive their growth.

Bitcoin Dominance and the Altseason

Crypto market analysts predict that Bitcoin’s dominance in the crypto market is peaking and the capital rotation into altcoins will begin soon. This could lead to a probable altseason along with the Ethereum price hitting an all-time high.

The Total3 Index, which tracks the market capitalization of cryptocurrencies excluding Bitcoin and Ethereum, has experienced a significant rally over the past three weeks, reaching levels not seen in three years. This surge is fueling speculation that an altcoin season may be underway.

Last week, the Total3 Index hit new cycle highs, marking its largest move since April 2021, with a 23.2% surge. The total market capitalization of these assets is approaching its May 2021 high of $984 billion.

According to the latest Bitfinex Alpha report, there’s notable strength. Bitfinex analysts suggest that the recent rally in the altcoin market is due to ongoing developments in the regulatory landscape.

The report notes, “We have moved past the April 2022 high for altcoins, which was widely regarded as the “start of the bear marketˮ, after which the next impulse down formed the 2022 bear market lows for altcoins. We believe an ascent past these levels indicates the rotation of speculative capital and interest from Bitcoin into altcoins as retail market participation increases.”

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cpeinc · 1 month ago

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Accounting in the Crypto Industry: Navigating the Complexities

As cryptocurrency becomes increasingly integrated into mainstream finance, accountants and finance professionals find themselves facing unique challenges and opportunities. Cryptocurrencies, tokenized assets, and blockchain technology have upended traditional methods of tracking and valuing assets, creating a new frontier in accounting that requires specialized knowledge and continual learning.

For CPAs, blockchain-related CPE courses can serve as a valuable resource for staying updated on industry changes and expanding knowledge in this evolving field.

The Current Landscape of Crypto Accounting

The rise of cryptocurrencies such as Bitcoin, Ethereum, and other digital assets has fundamentally changed the financial landscape. These assets, and the technology that underpins them, present unique challenges that require a rethinking of traditional accounting practices. Some of the main areas impacted include:

Valuation and Reporting: Cryptocurrencies are notoriously volatile, and their value can change drastically over short periods. This volatility creates difficulties in determining the fair market value of digital assets, especially for financial statements.

Regulatory and Compliance Issues: Global regulations regarding cryptocurrencies vary widely, from open acceptance to strict bans. Accountants must stay abreast of both national and international regulations and understand how they impact the reporting, taxation, and audit processes for crypto assets.

Audit and Assurance: Blockchain offers an immutable ledger that should, in theory, simplify auditing. However, the reality is more complex. Auditors need to verify both the existence of assets and the control of private keys, which can be challenging in a decentralized environment.

Tax Implications: Tax authorities in many countries, including the IRS in the United States, are beginning to set guidelines for the taxation of cryptocurrencies. Accountants need to understand the implications of these regulations to ensure compliance and proper reporting.

The Role of CPE Courses in Enhancing Blockchain and Crypto Knowledge

For accountants, staying current in the crypto and blockchain space is essential. Blockchain technology and cryptocurrencies are rapidly evolving, and changes to regulatory guidelines, accounting standards, and tax laws are frequent. CPE Inc. offers a range of courses that help accounting professionals build and maintain expertise in these areas.

Gaining In-Depth Knowledge of Crypto Regulations and Compliance

CPE Inc.’s courses cover the latest regulatory changes, offering insights into how to stay compliant amidst evolving standards. These courses can help CPAs understand the nuances of financial regulations affecting crypto, including guidance from bodies like the Financial Accounting Standards Board (FASB), the IRS, and international regulators. Topics covered often include reporting guidelines, fair market value assessments, and anti-money laundering (AML) requirements.

In addition to foundational knowledge, CPE Inc. courses offer insights into emerging areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), and asset tokenization. Understanding these areas equips CPAs to handle complex client needs, whether they’re managing DeFi investments or accounting for digital collectibles. CPE courses provide a framework for recognizing revenue, valuing assets, and maintaining compliance within these newer subdomains of the crypto industry.

As the crypto industry evolves, so does the demand for skilled CPAs who can navigate its complexities. CPE Inc.’s blockchain and crypto-related courses provide accountants with the tools they need to meet the unique challenges of this sector, from fair value assessments to tax compliance. By staying informed and continually improving their crypto knowledge, CPAs can build a strong foundation for success in one of the most dynamic areas of finance today.

For more information about cpe ethics courses and Accounting Refresher Courses please visit:- CPE Inc.

#CPE courses

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whatsissue · 2 months ago

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Bitcoin Price Hits Fresh Record High of $88K Following Trump’s Election Victory

Bitcoin Price Hits Fresh Record High of $88K Following Trump’s Election Victory Bitcoin soared to a new record high of $88,000 on Monday, continuing a rally that began last week, fueled by positive sentiment surrounding Donald Trump’s victory in the 2024 presidential election. This surge in Bitcoin’s value also coincided with a broader increase in cryptocurrency prices, including a significant rise in meme token Dogecoin, which reached a three-year high. Factors Driving Bitcoin's Surge The world’s largest cryptocurrency traded at approximately $86,117 by 14:59 ET (19:59 GMT) before hitting its record high. The recent gains in Bitcoin are largely attributed to traders betting that Trump will implement more crypto-friendly policies during his next term. Trump had campaigned on a pro-crypto platform, promising to make America the crypto capital of the world. This anticipation has led traders to believe that the Securities and Exchange Commission (SEC) may soften its stance on cryptocurrency regulation, thus increasing the legitimacy of the crypto market as an investment vehicle. Record Inflows into Crypto ETFs Optimism surrounding Trump’s presidency has resulted in substantial inflows into cryptocurrency exchange-traded funds (ETFs). Last Thursday, Bitcoin ETFs recorded a remarkable $1.38 billion in inflows, with BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT) receiving the majority. This fund has now surpassed BlackRock’s gold ETF in total assets, reaching $34.1 billion compared to gold's $33 billion. The launch of spot Bitcoin ETFs in U.S. markets earlier this year has significantly contributed to increased institutional interest in cryptocurrencies, driving recent price gains. Analyst Predictions and Market Outlook Analysts at Bernstein have declared that Trump’s victory signals the start of a new crypto bull market, encouraging investors to "buy everything you can." They anticipate a crypto-friendly regulatory environment under Trump, particularly from a pro-crypto SEC. Bernstein analysts noted that several members of Trump’s transition team are explicitly supportive of cryptocurrency, bolstering expectations for favorable policies. Bitcoin’s price has surged over 91% so far in 2024, with Bernstein maintaining a bullish 2025 price target of $200,000. They believe that even at $81,000 per Bitcoin, the risk-reward ratio remains favorable over the next 12 months. Impact on Bitcoin Miners and Broader Crypto Markets The surge in Bitcoin prices is also benefiting publicly traded Bitcoin miners, who are now experiencing increased profits as prices stay well above their average production costs. Additionally, AI-driven mining companies are also seeing positive outcomes. In contrast, while Bitcoin has soared, other major altcoins have experienced mixed results. Dogecoin was an exception, rising approximately 29% to reach a peak of $0.2912, primarily driven by speculation regarding Elon Musk’s potential involvement in the Trump administration. However, many other altcoins retreated, with Ether falling 1% to $3,170.31. Other cryptocurrencies such as XRP, ADA, and MATIC saw declines between 2% and 4.6%, while Solana (SOL) gained more than 5%. Thank you for taking the time to read this article! Your thoughts and feedback are incredibly valuable to me. What do you think about the topics discussed? Please share your insights in the comments section below, as your input helps me create even better content. I’m also eager to hear your stories! If you have a special experience, a unique story, or interesting anecdotes from your life or surroundings, please send them to me at [email protected]. Your stories could inspire others and add depth to our discussions. If you enjoyed this post and want to stay updated with more informative and engaging articles, don’t forget to hit the subscribe button! I’m committed to bringing you the latest insights and trends, so stay tuned for upcoming posts. Wishing you a wonderful day ahead, and I look forward to connecting with you in the comments and reading your stories! Read the full article

#Bitcoinprice #cryptoETFs #cryptocurrency #Dogecoin #Trumpelectionvictory

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