Aurelia Butler

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    in Cryptocurrency

    Will Bitcoin Reach $100,000? Dogecoin Founder Shares Take

    While responding to a comment under his tweet, Markus, who is also known on social media as Shibetoshi Nakamoto, shared whether he expects BTC to finally reach $100,000 after all.Billy Markus is well known for his ironic and playful manner of posting on social media. His sarcasm increases rapidly when he starts commenting on events related to cryptocurrency trading and price action.He has stated multiple times in his tweets that he does not believe that analysts really know why Bitcoin goes up or what pushes it down. This time, when a commentator asked Markus if he expects the world’s flagship cryptocurrency to break above $100,000, the Dogecoin co-creator published an animated GIF that stated: “This sh***t again.”Between Monday and Tuesday this week, the largest crypto plunged from the $98,670 zone, hitting a low of $90,900. By Wednesday, Bitcoin recovered, adding 7.12% as it managed to reach $97,353. Since then, the digital gold has shed 2.37% and is currently changing hands at $95,058. Multiple traders are now locking in profits, preventing Bitcoin from reaching $100,000. Recently the founder of Capriole Investments fund referred to this level as the biggest sell wall that has ever existed.He believes that government spending should be controlled: “It’s a quite literal death loop where the only solution is hyperinflation, which would ruin us.”“Go doge go,” Markus concluded his tweet. Elon Musk, a friend of Markus, has been appointed as one of the two bosses of the newly formed governmental organization, and he has now taken on his new duty.This article was originally published on U.Today More

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    in Economy

    Britain pledges $2.5 billion to World Bank fund for poor nations

    The investment will fund projects promoting economic growth, tackling poverty and addressing the impacts of climate change, the government said in a statement.The IDA fund, which mainly provides grants and very low interest loans to the poorest countries, is replenished every three years, and a pledging conference is scheduled for Dec. 5-6 in Seoul.World Bank President Ajay Banga is aiming for a record amount exceeding the $93 billion refunding in December 2021, amid rising demands from poor nations that are struggling with crushing debts, climate disasters, conflict and other pressures.U.S. President Joe Biden pledged a $4 billion U.S. contribution to the IDA fund last week.Britain used to devote 0.7% of its gross national income to overseas development aid, but the previous Conservative government cut that level to 0.5% in 2021 due to the impact of the COVID-19 pandemic.Prime Minister Keir Starmer’s Labour government, in office since July, has pledged to restore the aid budget to the previous level but has not set a timeline for it.($1 = 0.7897 pounds) More

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    in Cryptocurrency

    Coinbase Lawyer Highlighted Critical Win for Crypto Industry

    By removing Tornado Cash smart contracts from the list of sanctions, the court’s ruling essentially permits U.S. citizens to reuse the procedure. An open-source tool for protecting privacy called Tornado Cash was sanctioned on the grounds that it made illegal activity possible. However, the court determined that the Treasury had overreached itself because these immutable smart contracts are not considered property under the sanctions framework because they cannot be owned. Coinbase emphasized that outright banning open-source technology is not the answer, even though no one condones criminals abusing crypto protocols.The decision reaffirms that Congress did not intend to target a decentralized tool because of the behavior of a small percentage of users. By defending the rights of blockchain developers and users, this ruling acts as a vital check on government overreach. The court’s careful review was appreciated, and Coinbase’s Chief Legal Officer Paul Grewal underlined the company’s ongoing dedication to promoting just and open crypto laws.He emphasized the significance of encouraging creativity while maintaining accountability, a balance that this case aids in achieving. Coinbase promised to continue working to create a transparent and innovative regulatory environment in the United States and beyond.This triumph establishes a standard for how decentralized technologies ought to be handled in legal and regulatory frameworks, not only for Tornado Cash but also for the larger cryptocurrency sector. A landmark victory for liberty and cryptocurrency is certainly a big win for the industry and the freedom of digital assets.This article was originally published on U.Today More

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    in Economy

    The path to ‘Made in India’

    $1 for 4 weeksThen $75 per month. Complete digital access to quality FT journalism. Cancel anytime during your trial.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

  • 163 Shares169 Views

    in Cryptocurrency

    CryptoAutos Announces Launch Date for $AUTOS Token Sale: Merging Blockchain with Luxury Cars

    CryptoAutos, the world’s first blockchain-powered luxury automotive marketplace, announces the launch of its native $AUTOS Token. Starting with a Fixed Price Community Launch on Fjord Foundry on December 3rd 2024, which will run for 3 days, followed by the Token Generation Event (TGE) and exchange listings in the coming weeks.At the core of the CryptoAutos ecosystem, $AUTOS introduces blockchain-driven solutions for transactions, staking, governance, and user engagement. With a Community Launch model, the platform prioritises community-driven, decentralised token distribution over venture capital.To mark the launch, CryptoAutos is offering a chance to win a Lamborghini Urus, showcasing its blend of blockchain innovation and luxury.Transforming Luxury Car Ownership with $AUTOSThe $AUTOS token aims to redefine how people interact with luxury cars, offering flexibility, transparency, and security. It facilitates seamless transactions, removes traditional banking barriers, provides a native token for the upcoming RWA platform and enables participation in the Gold membership service for the marketplace.Beyond transactions, $AUTOS empowers its community through decentralised governance, giving users a voice in shaping the platform’s future. It also incentivises loyalty with discounts, exclusive offers, and potential rewards, while providing dealers with advertising solutions within the CryptoAutos ecosystem.Through their luxury automotive marketplace, CryptoAutos is bringing to market one of the most powerful crypto to fiat off-ramps in the industry, giving real world utility to top tokens like, $BTC, $ETH, $BNB and many more. CryptoAutos has already generated over $58m in sales revenue to date through their automotive marketplace, and just recently completed the first ever car sale in $TON.Setting a New Benchmark for Token LaunchesCryptoAutos wants to raise the bar with its Community Launch model with Fjord Foundry, meant to ensure equal access and transparency for all participants. By allocating 110 million $AUTOS tokens through a public sale and securing up to $750,000 USDT in liquidity, the platform is prioritising a sustainable, community-driven approach over traditional VC funding.Exploring the Future of Luxury on BlockchainCryptoAutos is the world’s first blockchain-powered luxury automotive marketplace, offering a secure and transparent platform for purchasing high-value vehicles with cryptocurrency. By integrating Web3 technologies, CryptoAutos simplifies the buying process, providing a seamless experience for car enthusiasts and investors alike. Through its innovative $AUTOS token, CryptoAutos connects blockchain technology with real-world assets, creating a new standard for luxury ownership.To participate in the $AUTOS public sale, users can head to Fjord Foundry on the 3rd of December – https://app.fjordfoundry.com/token-salesFor more information, users can visit the links below:This article was originally published on Chainwire More

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    in Economy

    German inflation unchanged at 2.4% in November

    BERLIN (Reuters) – German inflation remained flat in November despite expectations of a second consecutive increase interrupting the downward trend in Europe’s troubled largest economy.Inflation stayed at 2.4%, the federal statistics office said on Thursday.Analysts polled by Reuters had expected a reading of 2.6% this month, after German consumer prices, harmonised to compare with other European Union countries, had risen by 2.4% year-on-year in October.Core inflation, which excludes volatile food and energy prices, was at 3.0% in November. The German data comes ahead of the euro zone inflation release on Friday. Harmonised inflation in the euro zone is expected to rise to 2.3% in November from 2.0% the previous month, according to economists polled by Reuters.Investors are watching the inflation data for Germany and the euro zone as a whole to gauge the next steps of the European Central Bank.The ECB is expected to cut interest rates further at its upcoming meetings, but the scale and speed of that course is unclear. More

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    in Economy

    Brazil’s Haddad says income tax reform to be neutral, take effect in 2026

    BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad said on Thursday that a reform proposed by the government to increase income tax exemptions for the middle-class will be fiscally neutral and analyzed by Congress in time for it to take effect in 2026.After weeks of delays, Brazil on Wednesday announced a package to contain mandatory spending, accompanied by an unexpected income tax reform aimed at easing the burden on the middle-class to mitigate potential negative public backlash.Haddad told a press conference that the move to increase the exemption threshold for those earning up to 5,000 reais a month had an estimated 35 billion real ($5.89 billion) fiscal impact, which would be fully neutralized by compensatory measures. The government said the compensation would come from setting a higher effective tax rate for the wealthiest. According to Haddad, those earning more than 600,000 reais per year will face an effective income tax rate of 10%.The current effective tax rate is 4.2% for the top 1% of earners and 1.75% for the top 0.01%, government figures showed.When questioned about introducing the measure now despite its expected implementation only in 2026, Haddad said the decision was to “finalize all measures this year” to make “our project clear”.He had previously said the issue would only be addressed next year.MARKET TURMOILBefore the official announcement, reports of an increase in the income tax exemption from the current 2,824 reais soured market sentiment. The currency plummeted to its weakest level on record, while interest rate futures surged.”The fiscal tightening measures failed to live up to expectations and reinforce the idea that political commitment to stabilizing the public finances is lacking,” Capital Economics’ deputy chief emerging markets economist Jason Tuvey said.The real weakened past 5.98 per dollar in spot trading on Thursday.Haddad said the U.S. dollar had been strengthening globally, and told the press conference that inflation in Brazil is expected to end the year within or very close to the official target range of 1.5% to 4.5%.The government also outlined that the mandatory spending control package announced on Wednesday is projected to generate a fiscal impact of 327 billion reais between 2025 and 2030.The measures, which have yet to be formalized and voted by Congress, also include tighter restrictions on the BPC social benefit, aimed at assisting the elderly and disabled, and enhanced oversight of the Bolsa Familia welfare program.($1 = 5.9377 reais) More

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    in Cryptocurrency

    Human vs Bot: Bybit Announces Copy Trading Competition with 200,000 USDT in Prizes

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, invites users to test their conviction in the classic human vs machine debate in a new Copy Trading Face-Off trading competition. With a 200,000 USDT prize pool for top traders and lucky voters, the competition gives traders a chance to be rewarded for living by their trading style. As the science of trading evolves with the abundance of data, tools, and new trading solutions, traders are increasingly combining intuition and data-driven insights, as well as human judgement and AI-powered precision. With Bybit Copy Trading, users may choose between both options or craft their own trading strategies in mixed models.The competition offers multiple ways to access the prize pool for traders on either side of the battle, and of all skill levels:To ring in an auspicious new trading year, users will still stand a chance to unlock 20% of the total prize pool if they have joined a losing squad. Another 15% of the prize pool will go to the top 100 traders by trading volume. For more information on the competition and terms and conditions, users may visit: Copy Trading Face-Off: Human vs. Bot.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More