🚨 Experts warn that the 2024 Bitcoin halving could be a "death knell" for cryptocurrency miners. While previous halvings have driven Bitcoin's price to new highs, concerns arise over mining economics. Analysts predict higher costs will impact most miners, with electricity prices needing to drop significantly. Around 40% of miners currently operate above the breakeven point, facing profitability challenges. The industry is operating with debt, adding to the worries. Stay tuned as the halving approaches! ⛏️💀 #Bitcoin #Cryptocurrency #Halving #Miners
📢 Good news for Coinbase! The SEC has stated that it will not oppose Coinbase's motion to expedite the case. In a letter to the judge, the SEC outlines its arguments against Coinbase, but analysts believe their strength is weak. The SEC cites the LBRY case as support, but the judge did not conclude that tokens on secondary markets are securities. Stay tuned for updates on Coinbase's motion for trial. 🚀💼 #Coinbase #SEC #Cryptocurrency #LegalProceedings
Good morning!! How are you guys? Hope you all well! Let's have a blessed week!! 🔥🚀
Good night people Tomorrow there's more, God willing 👊🏻✌🏻
🚨🇮🇳 ICICI Bank, one of India's top banks, is now offering its depositors the opportunity to participate in India's CBDC program. #CBDC #DigitalCurrency #ICICIBank
🏦 The New York Federal Reserve and a consortium of banks have successfully completed a proof of concept for the Regulated Liability Network (RLN), paving the way for an interbank CBDC based on the dollar. 😕#CBDC #DigitalCurrency #FinancialInnovation
💰🇮🇳 India saved $7.37 billion by settling crude oil transactions with China using the Chinese yuan instead of the US dollar. This move was driven by India's inability to conduct business with Russia due to US sanctions. The BRICS group is fostering alternative avenues for global trade, reducing dependency on the dollar. #India #China #BRICS #GlobalTrade
🚫🎆 French government bans sale, possession, and transportation of fireworks during annual Bastille Day celebrations on July 14. Official festivities exempted. Fireworks were used amid recent violent protests following a fatal police shooting, prompting the temporary restriction. #BastilleDay #FireworksBan #France
🚨🇳🇱 The Dutch government has collapsed as coalition parties failed to reach an agreement on immigration policy. Prime Minister Mark Rutte announced his resignation to the king, triggering new elections in the fall. #Netherlands #GovernmentCollapse #Elections
🗞🇫🇷 The president of the French central bank rejects calls to raise the ECB's inflation target of 2%. François Villeroy de Galhau argues it would lead to higher borrowing costs instead of lower ones. Discussions on the topic should be open, says the finance minister. #ECB #InflationTarget #Economy #france
🔒 Circle and Tether freeze $65.2M in assets amid suspicions of a cross-chain exploit in Multichain MPC. Investigations underway as Multichain temporarily suspends services. Stay tuned for updates on this developing situation. #CryptoSecurity #Multichain #Investigations
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🚀 Exciting news! Google Cloud ramps up its Bitcoin-based services and partners with Voltage for global expansion. This collaboration aims to enhance accessibility and scalability of blockchain solutions.
#GoogleCloud #Bitcoin #Partnership
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📢 SEC responds to Coinbase's jurisdiction claim, stating the exchange was aware of federal securities laws and informed shareholders about potential asset classification. Pre-motion conference set for July 13 at 2pm UTC. Stay tuned for updates! #CryptoNews #Coinbase #SEC #Regulation
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📊 Amazing findings on the crypto industry! According to K33 Research, it employs nearly 190,000 professionals worldwide. 1/3 work for exchanges or brokerages, while 55% are based in North America and Europe. Remote work is prevalent, showcasing the global nature of the crypto sector. Thriving job market! #CryptoIndustry #Employment #GlobalReach #RemoteWork