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The Wolf Of All Street
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Crypto Investor. Host The Wolf Of All Streets Podcast & #CryptoTownHall, author The Wolf Den Newsletter. YT - youtube.com/scottmelker #Bitcoin

You'll spend 100,000 hours working to earn money. Spend 100 hours learning how to keep it. #Bitcoin

Unlock your future. #Bitcoin

#Bitcoin is the Future.

The crypto landscape today is unrecognizable compared to where we were 12 months ago.

#LondonRealTV https://video.nostr.build/3805c0b2d8fbe194cb8c885ef36374f56b9723af7c25859d794f460a5dd65b31.mp4

Nvidia Denies DOJ Antitrust Subpoena Amid Market Volatility

Nvidia has denied reports that it received an antitrust subpoena from the DOJ, following claims made by Bloomberg. The company confirmed it inquired with the DOJ and was not subpoenaed but remains open to addressing any regulatory concerns. The initial report suggested Nvidia was under investigation for limiting competition and penalizing buyers who don't exclusively use its AI suite. $278 billion was wiped from its market cap following the initial reports.

After Nvidia's denial, its share price recovered slightly.

Source: Cointelegraph

Analysts Explain Ethereum's Decline Relative to Bitcoin

CryptoQuant Analysts have reported that Ethereum has underperformed Bitcoin by up to 44% since Ethereum's transition to a proof-of-stake network, known as "The Merge," nearly two years ago.

Despite the approval of Ethereum spot ETFs in the U.S. in July, Ethereum's performance has continued to lag, with the ETH/BTC price ratio reaching its lowest level since April 2021.

Ethereum has also underperformed compared to other tokens such as SOL and BNB, falling 53% and 18%, respectively, since the Merge.

According to the analysts, this underperformance may be attributed to weaker network activity and declining transaction fees, compounded by an increasing total supply of Ethereum.

They suggest that Ethereum could face further declines relative to Bitcoin, with predictions indicating that Ethereum may need to fall to approximately 0.02 BTC to enter undervaluation territory.

Source: The Block

Learn chart patterns and be in a better position to understand the market. Video #4 of a five-video series LIVE NOW to Wolf Pack Members.

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DOJ Fines Robinhood $3.9M for Crypto Misconduct

Robinhood Crypto settled with the DoJ for $3.9 million over allegations that it prevented customers from withdrawing crypto from 2018 to 2022, forcing them to sell their assets back to the platform.

The company was also found to have misled customers about pricing and delays in asset delivery.

As part of the settlement, Robinhood must allow withdrawals, ensure truthful advertising, and report significant settlement delays.

Source: The Defiant

Mastercard Enables Crypto Spending at 100M Merchants

Mastercard is expanding its support for non-custodial crypto wallets through a new partnership with European crypto payments firm Mercuryo. Following a successful pilot with MetaMask, Mastercard's latest collaboration enables a euro-denominated debit card that allows users to spend cryptocurrencies like Bitcoin at over 100 million merchants globally.

Mastercard has steadily integrated crypto into its ecosystem since 2021, partnering with firms like Coinbase and Circle.

Source: Cointelegraph

Switzerland's Fourth-Largest Bank Launches Bitcoin and Ethereum Services

ZKB, Switzerland's fourth-largest bank, has launched a service enabling retail customers to buy, sell, and hold BTC and ETH through its Mobile App and eBanking channels, in partnership with Crypto Finance. ZKB will manage private key storage for customers, simplifying the process and allowing other Swiss banks, starting with Thurgauer Kantonalbank, to offer similar crypto services.

Source: Coindesk

JPMorgan: Bitcoin Mining Revenue Plummets to All-Time Low

JPMorgan reported that Bitcoin mining profitability reached record lows in August, with miners earning an average of $43,600 per exahash per second in daily block reward revenue, down from a peak of $342,000 in November 2021. This decline is attributed to the drop in Bitcoin's price and the rise in network hashrate, which increased competition and mining difficulty. The total market cap of the 14 U.S.-listed mining companies tracked by JPMorgan fell 15% month-on-month, with only three outperforming Bitcoin. The report also noted a brief spike in transaction fees in August, which provided some relief to miners, and highlighted that Bitcoin's annualized volatility rose to 62% in August from 45% in July.

Source: Coindesk

Ripple's VP of Strategic Partnerships Pat Thelen is next on #CryptoInOneMinute talking about the advantages of stablecoins, highlighting their utility as digital cash as FIs roll out onchain solutions.

Learn about RLUSD: https://ripple.com/solutions/stablecoin/?utm_source=x&utm_medium=organic_social&utm_campaign=cont-video-global-stablecoin-thoughtleadership-all-2024-q3&utm_content=post_video https://video.nostr.build/3a1e79b8f27e013b94a5d4d9886d75f167d0e794fb9f13278d1cc4174944320a.mp4

Introducing the (incredible!) speaker lineup for Ripple Swell 2024 -- we're bringing together some of the most influential voices in blockchain, fintech and payments including:

🔹 Brad Garlinghouse, CEO, #Ripple

🔹 Superintendent Adrienne Harris, #NYDFS

🔹 Sheila Bair, Former Chair of the FDIC and Founding Chair of the Systemic Risk Council

🔹 Francisco Maroto, Global Head of Blockchain and Digital Assets, #bbva

🔹 Philip Martin, Chief Security Officer, #coinbase

🔹 Tim McCourt, Senior Managing Director, Global Head, Equities, FX and Alternative Products, #CMEGroup

Get ready for an unforgettable experience and request your invite today: https://ripple.com/events/swell/?utm_source=events&utm_medium=organic_social&utm_campaign=swell_linkedln_speaker_announcement&utm_content=cta_link

We’re back for another episode of #CryptoInOneMinute with Ripple SVP, Stablecoins #JackMcDonald discussing “What makes a stablecoin, stable?” Short answer – it’s all about the assets backing the stablecoin. Learn more: https://ripple.com/solutions/stablecoin/?utm_source=x&utm_medium=organic_social&utm_campaign=cont-video-global-stablecoin-thoughtleadership-all-2024-q3&utm_content=post_video https://video.nostr.build/9c9bef501fb3efcb71e7debdf91e3b5d23ab72730e212462c51debce93e27a08.mp4

Dive into crypto and blockchain trends with leaders from Ripple’s #UBRI program. Our latest Q&A with Hanyang University Professor Hyunok Oh explores the latest in zero-knowledge proofs and the impact the University Blockchain Research Initiative has had on his students.

https://ripple.com/insights/exploring-the-impact-of-zero-knowledge-proofs-with-professor-hyunok-oh/

The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company.

This is a victory for Ripple, the industry and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone.