Category: Cryptocurrency News

BTC’s sideways price action has pushed some traders into altcoins, but analysts are confident that the next breakout will push Bitcoin price above $80,000.

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Eric Adams, the new mayor of the city of New York, has once again publicly shown support for bitcoin. The mayor has long been in support of the cryptocurrency, saying he wanted to make New York the bitcoin capital of the country. His most recent show of support has only reiterated the mayor’s plan for the city. Mayor Adams responded to a tweet from Francis Suarez, the mayor of Miami famous for making the city a crypto hub. Apparently, New York is in a race to make the city the cryptocurrency center for innovation over the city of Miami. Related Reading | Ethereum Miner Revenue Outpaces Bitcoin In 2021 Accepting Paychecks In Bitcoin Investors and Entrepreneur Anthony Pompliano had posted on Twitter asking who the first politician would be to accept their paychecks in bitcoin. Mayor Suarez took advantage of this opportunity to show his support for cryptocurrencies by saying he was accepting his next paycheck in BTC. This is unprecedented as no U.S. politician has openly admitted they would take payments in bitcoin. I’m going to take my next paycheck 100% in bitcoin…problem solved! @Sarasti can you help? https://t.co/v4YdPZ0tYc — Mayor Francis Suarez (@FrancisSuarez) November 2, 2021 Mayor Adams responded to this with an even more impressive revelation. The mayor who had been voted into office on November 3rd revealed that he planned to take his first three paychecks in bitcoin. This move was made in a bid to one-up the crypto-positive mayor of Miami and show New York’s commitment to making it the crypto hub of the nation. “In New York, we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!” – Eric Adams, Mayor-Elect, New York BTC trading above $61,000 | Source: BTCUSD on TradingView.com Making History Mayor Eric Adams is only the second black person to be elected to the mayoral office of New York. His campaign revolved around making New York city an innovation hub, which resonated greatly with the younger residents of the city. His stance on crypto also drew the community to him. Now that he has won the race for mayor, Adams is focused on making the sixty a tech hub. Related Reading | FOMO Beware: Spot Bitcoin Buying Volume Remains Low, Despite New ATH Taking paychecks in bitcoin is unheard of but not a new concept in any way. Some payroll companies have also begun to offer options to pay employees in crypto. However, Mayors Adams and Suarez will not be receiving their paychecks directly in crypto as they are paid by the government. They will receive their paychecks in dollars, which would then be converted into BTC. Suarez has in the past explored the idea of paying salaries in bitcoin. Mayor-elect of New York, Eric Adams, has so far not said anything to that effect, but the future of bitcoin looks bright in New York with Adams running the show. Featured image from Bloomberg, chart from TradingView.com

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The funds gave him the ability to quit his job, which paid $68,000 annually, to stay at home taking care of his son and participate in online discussions about projects related to the memecoin.

Tulip, a yield aggregation and leveraged yield farming protocol, announced today it is integrating Chainlink Price Feeds. By integrating the popular oracle network, Tulip will gain access to a high-quality, tamper-proof source of financial market data needed to secure leveraged yield farm positions. As a result, both lenders and borrowers will have greater assurance that…
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Sundaeswap swap has recently released their work around for the fact that UTXO currently cannot run a permissionless, decentralized AMM DEX (Uniswap/PancakeSwap). Items of note: -the Sundaeswap team determined that the entire Cardano chain, without any other dApps competing for resources, will have slower PEAK tx speeds than half the AVERAGE tx rate used by…
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Fairly new investor here. I managed to get my hands on 1 Ethereum back when it crashed. However, all my Ethereum is on my robinhood account. Will this impact me negatively or will I be able to transfer it over to another app with its crypto wallet coming out ? submitted by /u/Wichawt…
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Us Cardano holders have been having a hard time as ADA continues to crab while every other Crypto seems to be moving. Then lately this sub has been having a great time poking jokes at us and the general sentiment of this sub is that ADA is done. Well I still think long term there…
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