Jhony Osta

@bpunk

78 Following

9185 Followers

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Bitcoin surges to $105,000 for the first time in history, now worth a record ~$2.1 trillion. Bitcoin is now ~10% away from being bigger than Google by market cap.

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What meme base coins are currently hyped this year?

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Bitcoin's recent price correction has been linked to the announcement of Google's Willow quantum computer, which some believe could threaten cryptocurrency security. However, experts refute this notion, stating that: - Google's Willow chip has only 105 qubits, far below the estimated 13 million qubits needed to compromise Bitcoin's encryption. - Bitcoin developers are already working on making the cryptocurrency quantum-safe. - If quantum computing becomes a viable threat to Bitcoin, traditional banking systems would also be at risk. - For Willow to pose a real threat, it would need to be affordable and widely accessible, which is unlikely given the current market, as seen with the availability of NVIDIA's H200.

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🚨 U.S. Regulator Told Banks to Avoid Crypto, Letters Obtained by Coinbase Reveal In 2022, the Federal Deposit Insurance Corp. (FDIC) halted or prevented numerous U.S. banks from engaging in crypto banking activities, as revealed by internal communications obtained through a lawsuit by Coinbase. The documents show that the FDIC explicitly instructed banks to pause all crypto-related activities until further notice, citing the need for compliance clarity. Coinbase's Chief Legal Officer, Paul Grewal, argued that these letters provide concrete evidence of a systematic effort by the FDIC to restrict banking services for the legal crypto industry. He emphasized that the letters confirm the existence of a coordinated plan to deny these services, countering claims that it was merely conspiracy or speculation.

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🚨 Memecoin Factory Pump.Fun Bans U.K. Crypto Traders Solana's memecoin platform Pump .fun has blocked access to U.K. crypto traders, citing "laws and regulations" after the Financial Conduct Authority (FCA) warned that the platform might be offering financial services without permission. This geoblock was implemented three days after the FCA's warning. Since its launch earlier this year, Pump .fun has become a leading launchpad for memecoins on the Solana blockchain, generating over $250 million for its founders and spawning successful tokens like PNUT and WIF. In response to the ban, memecoin traders began creating joke cryptocurrencies to mock the situation, though none had gained traction at the time of reporting.

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I'm a bitcoiner

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❕ Did Hawk Tuah Crypto Debacle Eclipse Bitcoin's $100K Moment? Bitcoin recently hit a significant milestone, reaching a value of $100,000, which excited many in the crypto community. However, people showed more interest in the newly launched Hawk Tuah coin Hawk Tuah coin, associated with celebrity Haliey Welch, saw its market cap soar to nearly $500 million shortly after launch, only to plummet below $100 million due to allegations of insider trading and price manipulation.

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President-elect Trump has stated that his new crypto Czar, David Sacks, will "develop a legal framework to provide the clarity the crypto industry has been seeking."

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💰 The market cap of publicly traded cryptocurrency mining companies has surpassed $40 billion, doubling over the past seven months.

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🤑 Ripple’s market capitalization has hit $100 billion!

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Robotics faces a scaling challenge: high quality data is a company’s lifeline, and small players have little chance to compete against industry titans' massive fleets. That’s about to change. World Models, neural simulation, and the future of robotics⬇️ https://a16z.com/world-models-and-the-sparks-of-little-robotics/

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The German government's decision to sell 50,000 Bitcoin at $54,000 resulted in a $2.4 billion loss in potential profits.

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