Aurelia Butler

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  • 100 Shares149 Views

    in Cryptocurrency

    David Gokhshtein: Dogecoin (DOGE) Reaching Peak Price Inevitable

    Naturally, the bold statement by Gokhshtein was met with sarcastic comments, with crypto enthusiasts pointing out that “one reason is that the price may not go as high.” In contrast, others are suspicious of Mr. Gokhshtein of shilling Dogecoin.However, the owner of the Gokhshtein Media outlet opened up about his lack of influence: “You think I move markets? My wallet says otherwise (crying emoji).”
    .tweet-container,.twitter-tweet.twitter-tweet-rendered,blockquote.twitter-tweet{min-height:261px}.tweet-container{position:relative}blockquote.twitter-tweet{display:flex;max-width:550px;margin-top:10px;margin-bottom:10px}blockquote.twitter-tweet p{font:20px -apple-system,BlinkMacSystemFont,”Segoe UI”,Helvetica,Arial,sans-serif}.tweet-container div:first-child{
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    }Gokhshtein’s confidence in the top dog coin stems from the fact that Dogecoin is the most mentioned cryptocurrency regarding Twitter Payments. Every time, the announcements regarding DOGE’s inclusion in Twitter Payments receive strong support from the DOGE Army.Despite the crypto wallet development being on and off, Chief Twit Elon Musk recently confirmed in an interview for the Wall Street Journal that cryptocurrency payments would play a key role in the financial system of Twitter 2.0.Dogecoin is reportedly the only cryptocurrency officially accepted by Tesla (NASDAQ:TSLA). At the same time, the memecoin is currently the default method for a ride in the famous Vegas Loop in the City of Sins. The great expectations are further accelerated by rumors surrounding Tesla Phone, Elon’s secret deal with McDonald’s, and the hard-working developer team.With the recent upgrade of MyDoge Wallet and the launch of the DOGE Tipping Jar web extension, the Dogecoin community is leading the way in forming an all-around ecosystem across the web and, by popular demand, deserves a comfortable spot in Twitter’s 2.0 payment system.Dogecoin has potentially a lot of space to grow, as seen in Elon Musk’s Twitter Takeover. After the deal was finalized, Dogecoin increased its global market capitalization by more than twice, fetching $11bn in a week.Read the top stories in memecoins:Shiba Inu Fans in a Heated Argument on Twitter as SHIB Burn Soars 10,129%SHIB and DOGE Meme Couch to Be Auctioned as Physical NFTSee original on DailyCoin More

  • 138 Shares199 Views

    in Cryptocurrency

    Lido Token Increased By 11% After Coinbase CEO Shares SEC Rumor

    The liquid staking platform Lido’s governance token has spiked after Coinbase CEO Brian Armstrong cultivated a rumor that the US Securities and Exchange Commission (SEC) might ban staking for retail users.Subsequently, the decentralized autonomous organization’s (DAO) governance token, LDO, increased about 11% in response to the comments and is currently up by almost 8.4% in the last 24 hours, according to Coindesk’s dashboard.
    LDO Price ChartEther can be staked via the Lido protocol, which is controlled by the LDO token. After the “Shanghai” network upgrade, which will take place next month, users will receive a token called “stETH” that reflects their staked position in ethe…The post Lido Token Increased By 11% After Coinbase CEO Shares SEC Rumor appeared first on Coin Edition.See original on CoinEdition More

  • 225 Shares109 Views

    in Cryptocurrency

    Coinbase CEO Brain Armstrong Says SEC’s Ban on Crypto Staking “Would Be a Terrible Path for the U.S.”

    Brian Armstrong, the CEO of Coinbase (NASDAQ:COIN), in reacting to the rumors about the U.S. Securities and Exchange Commission (SEC) potentially preventing retail investors from engaging in cryptocurrency staking, says it would be a terrible path for the U.S.In a recent tweet, Armstrong expressed concerns over rumors he has been hearing about a potential ban by the U.S. SEC on crypto staking for retail investors.Armstrong explains that banning staking, which allows users to “participate directly in running open crypto networks” for profits, will negatively impact the growth of crypto in the United States. He tweeted:.tweet-container,.twitter-tweet.twitter-tweet-rendered,blockquote.twitter-tweet{min-height:261px}.tweet-container{position:relative}blockquote.twitter-tweet{display:flex;max-width:550px;margin-top:10px;margin-bottom:10px}blockquote.twitter-tweet p{font:20px -apple-system,BlinkMacSystemFont,”Segoe UI”,Helvetica,Arial,sans-serif}.tweet-container div:first-child{
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    }The SEC’s crusade on hunting down cryptos they consider securities is no longer news. From the XRP battle to the SEC labeling nine cryptos, including AMP (OTC:AMLTF), RLY, POWR, and LCX securities in the world’s first insider trading.According to SEC Chairman Gary Gensler, cryptocurrencies that allow staking could be classified as securities under the Howey test. The SEC appears to see staking as lending rather than allowing users to join in providing security for proof of stake networks.In August 2022, Coinbase received “investigative subpoenas” over its staking programs and yield-generating products. Similarly, crypto exchange Kraken is currently being probed for whether it breached rules around offering securities.Although Armstrong and most crypto experts argue that staking doesn’t make crypto assets securities, the SEC doesn’t see it that way. The SEC seems to think any crypto asset capable of producing yield is a security.Without a doubt, a ban on crypto staking will surely harm the growth of the crypto industry, possibly beyond the United States. According to a report from Staked, the value of staked assets amounted to about $42 billion in Q4 of 2022.The rumors of banning staking come on the heels of Ethereum, the second biggest crypto preparing to allow users unstake their assets locked on the network since December 2020. Armstrong is advocating that new technologies like this be allowed to grow in the U.S., and not be stifled by a lack of clear rules. He insists they can work with the SEC together to draft clear rules for the industry.The U.S. continues to take enforcement actions against the crypto industry, all the while lacking a clear regulatory framework for the industry.Read about the latest enforcement move from the SEC below:US SEC Announces Plans to Monitor Crypto Brokers and Advisors,Find out more about the Coinbase probe in:The SEC Opens Probe into Coinbase’s Crypto Yield and Staking ProductsSee original on DailyCoin More

  • 125 Shares199 Views

    in Cryptocurrency

    Finance Minister and IMF MD Talk about Global Crypto Regulation

    During a virtual conversation with Kristalina Georgieva, held on February 9, the Managing Director of the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman, proposed to the multilateral funding agency to introduce a globally coordinated approach to the regulation of crypto assets.Notably, the Finance Minister and the IMF Chief discussed the role of the IMF and other significant international organizations in creating a set of crypto regulations applicable on a universal scale.In addition, the Finance Minister and IMF MD conversed about the upcoming G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, scheduled to be held at the end of February in Bengaluru.Earlier this month, Ms. Sitharaman commented on the efforts made by the country to advocate more crypto regulations:See original on CoinEdition More

  • 125 Shares199 Views

    in Economy

    SpaceX should choose between Ukraine and Russia – Ukrainian official

    Gwynne Shotwell, president and chief operating officer of SpaceX, said on Wednesday the Starlink service – which has provided Ukraine with broadband communications in its defence against Russian forces – was “never meant to be weaponized.”Mykhailo Podolyak, a political adviser to Ukrainian President Volodymyr Zelenskiy, criticised the decision on Twitter, another of billionaire Musk’s companies.”A year of Ukrainian resistance & companies have to decide: Either they are on the side of Ukraine & the right to freedom, and don’t seek ways to do harm. Or they are on Russia’s side & its ‘right’ to kill & seize territories,” Podolyak wrote.”SpaceX (Starlink) & Mrs. Shotwell should choose a specific option,” he said.Ukraine’s military uses thousands of Starlink devices to communicate in the field. Some of the devices were provided by the company free of charge.Despite the importance of Starlink for Kyiv, Podolyak has criticised Musk more than once since the Russian invasion of Ukraine. He has dismissed ideas put forward by Musk for “exchang(ing) foreign territories for an illusory peace”, and urged him not to “pessimize” Ukrainian official accounts of the conflict. More

  • 150 Shares199 Views

    in Economy

    More rate hikes on way as Swedish cbank says wants stronger currency

    STOCKHOLM (Reuters) -Sweden’s central bank raised its key interest rate by half a percentage point to 3% on Thursday and forecast further tightening in the coming months to combat inflation and headwinds from a weak currency.The crown strengthened sharply after the announcement, the first under new Governor Erik Thedeen, which surprised many in the market who had expected Thursday’s hike to be the last in this tightening cycle. “Erik Thedeen has showed that he and this ‘new’ Riksbank board are determined in their fight against inflation and the weak krona,” Swedbank said in a note, adding it expected the bank to hike by another 25 basis points at its two next meetings. After a rapid series of rate hikes, central banks around the world are trying to gauge when to call a halt and ensure a soft landing for economies facing multiple challenges.The Riksbank, which has raised borrowing costs from 0% a year ago, forecast at least one more rate hike this year with borrowing costs then remaining stable.From April, the Riksbank will also sell government bonds to reduce asset holdings at a faster pace.Thedeen said inflation was still “much too high” but the hawkish stance also reflects worries about a currency that has lost around 10% against the euro over the last year.”We are … worried that a continued weak crown, which is at risk of becoming even weaker, could drive up inflation more than we have previously thought,” ” Governor Erik Thedeen told reporters.HAWKISH STANCEWhile it has to tread a fine line, balancing inflation and the crown against a slowing economy and tanking housing market, the central bank made clear that containing price pressures was its priority.”I don’t think today that you can say there is a risk of crashes,” Thedeen said. “The big risk is that we won’t be able to keep inflation down.” The Riksbank is under pressure to keep pace with rate hikes by the European Central Bank or risk a weaker currency and higher inflation.The ECB raised its key rate by 50 basis points earlier this month and promised one more half-percentage point hike in March. It may even do more in May.Nordea said it expected a quarter point hike from the Riksbank in April but added the door was now “wide open” for a bigger hike.Markets now see the policy rate topping out around 3.5% More