13 Oct: U.S. Claims Top Spot

13 Oct: U.S. Claims Top Spot


"Imagination creates reality." -Richard Wagner

Big News Of The Day: U.S. Claims Top Spot For Bitcoin Mining As Miners Flee China Crackdown — Here Are The World’s Biggest Mining Hubs

Podcast Of The Day: Impact Theory - The Philosophy of Bitcoin and How it Could Change the World As We Know It | Robert Breedlove

Video Of The Day: Altcoin Daily: HUGE NEWS! 100x NFT Opportunity! CRYPTO READY TO POP! COINBASE LAUNCHING SOCIAL MEDIA PLATFORM!

Blog Of The Day: What Is the Cost of Doing Nothing With Bitcoin?

My Hot Take

The United States is now the top location for bitcoin miners in the world, according to new data from the University of Cambridge, breaking China’s stranglehold on the industry after Beijing’s cryptocurrency crackdown sent miners scrambling to new locales.

In addition, Russia’s Deputy Finance Minister – Alexey Moiseev – asserted that the Russian Federation has no intentions to impose a total crypto ban. At the same time, Billionaire investor and CEO of venture capital firm Social Capital, Chamath Palihapitiya, says the US can no longer effectively ban Bitcoin and crypto.

Speaking of Bitcoin, PlanB said this:

“I guess we will be above $100,000 [or] above $135,000 at the end of the year, and we’ll continue to grow maybe towards the S2FX model targets, $288,000 or even above. I would not be surprised even to see in Q1 or Q2 next year, prices of $300,000, $400,000, $500,000…”

Macro investor and former Goldman Sachs executive Raoul Pal says four altcoins (SOL, LUNA, AVAX, and DOT) are closely following the strong adoption curves laid out by leading cryptos Bitcoin (BTC) and Ethereum (ETH).

Miami Mayor Francis Suarez has recently made a statement that it is "a major priority" for the city of Miami to create an overflow that would allow municipalities to pay its employees in Bitcoin.

In a job listing posted recently on Stripe’s website, the company is adding four new positions with the title “Staff Engineer, Crypto.” Guillaume Poncin, Head of Engineering Crypto at Stripe, announced he is building a team of engineers and designers to integrate “crypto” into their platform.

Celsius is now valued at $3.25B after $400M raise amid regulatory headwinds; someone is excited about Bitcoin. Also, decentralized finance is now a $200 billion industry.

SEC commissioner comes out against colleague Peirce's safe harbor, ICOs in general and IMF reiterates more oversight for crypto in latest report on financial stability.

With the good comes the bad, as China's WeChat now blocks search results for Crypto exchanges.

Best Performing Top 10 Asset is: BNB - $457.31

Well that's a wrap but, continue to read, watch, and listen to the information I curate on my website. I believe you will be well positioned to benefit from the most transformative technological shift we've seen in our life time. Be STRONG and HODL on!

Promoted Brand is PEI. Get $20 and automatic cash back on all purchases in Bitcoin! Use Code: 2sdpr8 to get $10

Remember: Bitcon 2022 tickets for Apr 06-09 in Miami and Consensus 2022 is Jun 10-12 in Austin, Texas; hope to see you at both!

If you find value in this content, please share my website with those you know so they can benefit just as you have. One thing for sure, Bitcoin will without a doubt change the trajectory of your financial future.

     

How do you rate this article?


17

0

TheCryptoCurator
TheCryptoCurator

I've been aware of Bitcoin since 2011 and have methodically followed it daily. I pull together the most relevant news articles, blog post, videos, podcast, and social media mentions to create "Crypto Watch' a daily brief sent before 9AM EST.


The Crypto Curator
The Crypto Curator

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.