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Ethereum Dominance Will Go Down As Competitors Emerge, Says Morgan Stanley

Ethereum which continues to maintain large dominance over the decentralized finance and NFTs space might find itself losing more market share to competitors, Morgan Stanley revealed.

Ethereum Is Less Decentralized Comparing bitcoin to Ethereum, Morgan Stanley arrived at the conclusion that the latter was less decentralized. The Morgan Stanley note explains that the rapidly evolving regulations to which the DeFi and NFT markets are subject could also lead to reduced demand for transactions on the network given that they make up the majority of the activity on Ethereum.

🔸 t.me/EthereumDaily
Forwarded from Sablecoin News
Wyoming lawmakers introduce legislation for state-issued stablecoin

Avanti Financial CEO Caitlin Long said the bill had its own pros and cons, but it was “definitely a conversation-starter” for lawmakers exploring stablecoins. Four members of the Wyoming Legislature have sponsored a bill that would allow the state treasurer to issue a stablecoin.

On Thursday, Wyoming state Senators Chris Rothfuss and Tara Nethercott with House Representatives Jared Olsen and Mike Yin introduced Senate File SF0106, noscriptd the “Wyoming Stable Token Act.” If signed into law, the bill would authorize the treasurer to issue a U.S. dollar-pegged stablecoin redeemable for fiat held in an account by the state.

❇️ t.me/StablecoinNews
Forwarded from King of Orion
More details on the tragic death of the alleged @SABMYK religion founder.

According to lifebursa (Turkish daily newspaper), the artist died after a pulmonary hemorrhage that occurred after violent rib fractures caused by kicks.

Source:
https://www.lifebursa.com/dunya/unlu-sanatci-evinde-olu-bulundu-162072

⚡️ t.me/NicolaTeslaNews
Forwarded from The Economy News
Media is too big
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Bernie Sanders on Wages: 'Worse now than half a century ago'

"When you try to appreciate the anger that exists in this country, the discontent, it has a lot to do with the fact that the average American worker is worse off in terms of real inflation weekly income than was the case 49 years ago."

♨️ t.me/TheEconomyNews
Forwarded from Best Token News
Islamic scholar dismisses digital currencies as forbidden

Secretary-General of the International Union of Muslim Scholars Dr Ali Al-Qaradaghi, says that an investment in crypto or digital currencies such as Bitcoin and its other counterparts is forbidden by Sharia law.

Crypto currency is a decentralised digital money designed to function as a medium of exchange through a computer network. It is not regulated by a government or a bank.

⚜️ t.me/BestTokenNews
Forwarded from Best Token News
Fear and Greed Index

Fear is back on the market due to various uncertainties looming over the market. The multifactor induced fear may test Bitcoin and its proponents.

⚜️ t.me/BestTokenNews
Forwarded from DAO autonomous
Cosmos’ ICF releases Interchain Accounts to boost interoperability

The Interchain Foundation, the non-profit and steward protocol for the Cosmos (ATOM/USD) blockchain, has released Interchain Accounts. The release of these accounts marks a major development for the Cosmos blockchain after Stargate

Interchain Accounts is a protocol based on Inter-Blockchain Communication (IBC), and it is one of the most significant upgrades on Cosmos since the release of Stargate.Cosmos notes that this upgrade will allow the Cosmos blockchain to access accounts on other chains. The protocol will allow users to access the Interchain through their Cosmos Hub account.

💢 t.me/DAOautonomous
Forwarded from Bitcoin Inventors
Bitcoin inactive supply nears record as over 60% of BTC stays unspent for at least 1 year

Data from on-chain analytics firm Glassnode shows that despite price volatility, over 60% of the BTC supply has not left its wallet in a year or more. According to Glassnode's HODL Waves indicator, as of Feb. 18, 60.61% of the BTC supply has not been used in a transaction for a year or more.

The odds are on for an altogether different trend to form for Bitcoin in the mid-term, this potentially defying the broadly gloomy narrative over flagging macro support, rising interest rates and geopolitical tensions.

📀 t.me/BitcoinInventors
Former Domino’s Pizza VP Joins FriesDAO as Advisor

Speaking of tastes, FriesDAO announced today that Kory Spiroff, a former vice president of Domino's Pizza, has joined the group as an advisor.

Launched in December 2021 by Launch Code Capital partner Bill 'Swo' Lee and Brett Beller, co-founder of online retailer Drizly, FriesDAO aims to give the crypto community the chance to participate in community-governed restaurant franchises. Spiroff told Decrypt FriesDAO is onto something because the restaurant industry has to continuously evolve to stay relevant.

🟡 t.me/CryptoSignalsMust
Forwarded from Cryptoart Museum
Canadian trucker receives $8,000 in Bitcoin during a livestream

While there have been many struggles in the Canadian capital recently, smiles were shared on camera when some Bitcoin donated to the 'Freedom Convoy 2022' made its way into the hands of a truck driver during a livestream.

On Friday, February 18, Tim Pastoor was sitting in the truck of a protester discussing the campaign against Canada's Covid-19 restrictions when the trucker was handed an envelope with $8,000 Canadian Dollars of Bitcoin inside.

🖼 t.me/CryptoartMuseum
Forwarded from Gold Trade News
Gold Prices Skyrocket amid Ukraine Tensions

Gold prices hit their highest level in over eight months as investors rushed to the precious metal as a safe haven amid escalating tensions in Ukraine.

The price of gold hit $1,979 per ounce late last week climbing to its highest level since June 11, 2021, according to official figures.

“Investors are looking for a geopolitical hedge,” top investment strategist at John Hancock Investment Management told the Wall Street Journal. “The stars are aligning in essence for a gold breakout.” 

🏆 t.me/GoldTradeNews
Forwarded from Chicago Reporter
Ten days after the tragic death of the alleged @SABMYK religion Messiah, there are still more questions than answers. Was it a politically motivated attack that the Berlin artist succumbed to?

Source:
(Turkish news magazine 24saat)

https://tur.az24saat.org/2022/02/17/saldiriya-ugrayip-taburcu-edilen-unlu-sanatci-evinde-olu-bulundu/

🏙 t.me/ChicagoReporter
Forwarded from The Economy News
Credit Suisse $100bn+ leak exposes ‘criminals & corrupt politicians’ (reports)

Details of over 30,000 Credit Suisse clients with assets over $110bn that allegedly include human traffickers, a jailed Hong Kong stock exchange boss and a Vatican account that spent $400mn in a fraudulent London property deal have been leaked. (The Guardian)

The anonymous whistleblower claimed Swiss banking secrecy laws are “immoral”, allegations the bank denies claiming reporters have used “selective information taken out of context”.

The massive leak comes just weeks after chairman Antonio Horta-Osorio lost his job after breaking Covid regulations, a $475mn loan scandal in Mozambique and the bank becoming the first in Swiss history to face criminal charges over a cocaine dealer money laundering case.

♨️ t.me/TheEconomyNews
Forwarded from Supvo
Truth Social: Trump’s New Social Media Network Begins Rollout

Frmr President Donald Trump’s social media network launched Monday on Apple’s App Store and is expected to be fully operational in the US by the end of March.

The ‘Truth Social’ is similar to Twitter in functionality but is promoted as differing from its competitors by being a “social media platform that is free from political discrimination.”

The network's launch was accompanied by long entry queues - apparently sprawling from high user interest.

📱 t.me/supernarrativ
Forwarded from The Economy News
Power Surge: German Producer Prices Soar 25%

Higher energy prices have seen a fourth month of steep increases in cost for production in Germany, up year-on-year 25% in January. (Reuters)

Analysts had forecast such an increase, but it came after a record 5% M/M jump in December.

Energy prices are two-thirds higher than Jan 2021, with producer prices a key factor in inflation. (Official statistics)

♨️ t.me/TheEconomyNews
Forwarded from The Economy News
Chinese currency share in global payments RISING

China’s national currency, the yuan, retained its position as the fourth most actively used currency for global transactions in January, according to data from the Society for Worldwide Interbank Financial Telecommunications (SWIFT).

Payments using the yuan soared to a record 3.2% of market share, breaking through its previous high set in 2015 and ranking behind the US dollar, the euro, and the British pound.

♨️ t.me/TheEconomyNews
Forwarded from NFT fair
A Hacker Is Actively Stealing High-Value NFTs From OpenSea Users

A hacker or hackers are actively stealing and flipping high-valued NFTs from users on OpenSea, the world’s largest NFT exchange, causing chaos and confusion in the broader NFT community. 

OpenSea says: “We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea's website.

🤖 t.me/NFTfair
Forwarded from SBMK info
Elon Musk Reveals Dogecoin Will Be Accepted at Tesla's New Futuristic Diner, Drive-in Theater

Elon Musk has revealed that Tesla's upcoming futuristic diner and drive-in theater, planned for the Hollywood area, will accept the meme cryptocurrency dogecoin.

Tesla and Spacex CEO Elon Musk tweeted about future dogecoin payment acceptance Friday in reply to a tweet by developer Ryan Zohoury, who said a new Tesla supercharger station in Santa Monica, California, is almost full 10 minutes after it opened.

🚀 t.me/ElonMuskInfo
Forwarded from SABMYKA
OpenSea Hacker Currently Stealing Mass Amounts of Ethereum

OpenSea is experiencing a live hack right now and the leading hypothesis is that it is a phishing hack according to security experts. Pictured below is the email that the hacker has been sending out in order to receive access to user's OpenSea accounts.

Users authorize the "Migration" as instructed in the phishing email and the authorization unfortunately allows the hacker to steal the NFTs. OpenSea is already working on patching the error, but in the meantime all OpenSea users should revoke access from outside sites and transfer NFTs to new wallets.

🔰 t.me/NFTreport
Ethereum is growing faster than Amazon!

Anonymous Ethereum (ETH) enthusiast odin_free, a community activist for the StarkNet scale solution, noted that the Ethereum (ETH) network is reaching 11-digit ratings much faster than the leading Web2 company.

Ethereum (ETH) generated $ 10 billion in revenue in less than 80 months. For Amazon, that success took twice as long. Analyst Adriano Feria, a software engineer and another Ethereum (ETH) advocate, shared two other metrics that show that Ethereum has a much healthier and more promising economy than Amazon.

🔸 t.me/EthereumDaily
New bill could make bitcoin legal tender in California

California could make bitcoin legal tender – New bill introduced by political advisors. Bitcoin expert Dennis Porter and political advisor Ian C. Calderon have collaboratively drafted a new proposal that could possibly make bitcoin official legal tender by their own opinion.

After Arizona and the Island of Tonga have recently hit the headlines with a possible move to make bitcoin legal tender, the California bill could disrupt the legal tender race once again.

🟡 t.me/CryptoSignalsMust