qfx Minister of State for Electronics and Information Technology, Jitin Prasada, has unveiled plans that sound like they were ripped straight from a sci-fi novel. The goal? An inclusive and transparent system that reduces regional gaps. Because if there’s one thing we need, it’s more government initiatives that sound like they were named by a committee of overly enthusiastic interns. 🙄
According to some mysterious onchain analyst (because who doesn’t love a good pseudonym?), this hodler made the switch through the decentralized exchange Hyperliquid. “Either he’s got some insider scoop that’s hotter than a summer day in Ibiza, or he’s just throwing darts at a board,” the analyst quipped in a Wednesday X post. Sloppy execution? More like a dramatic exit from the Bitcoin stage! 🎭
Ah, Cardano (ADA), that darling of the blockchain ball, is once again the center of attention. Large investors, those grandees of the financial world, have amassed a veritable fortune in tokens. Data from Santiment, as relayed by the ever-observant Ali Martinez, reveals that whale wallets-holding between 1 million and 100 million ADA-have added 100 million coins in the past 24 hours. This orgy of accumulation has pushed their total holdings to a princely 18.65 billion ADA. 🏰💎
“I think we’ll see $1M per bitcoin by 2030,” he declared, full of bravado.
“And of course, there are high error bars around these things”-because who doesn’t love a good dose of ambiguity now and then?
(Just a friendly reminder, I’m Not Your Financial Advisor; I’m merely waving my arms in the air like a wacky inflatable tube man!).
“The rough idea I have in my head is that we’ll see a million-dollar Bitcoin by 2030,” Armstrong, a man whose soul is as tangled as a web of algorithms, proclaimed to John Collison on the “Cheeky Pint” podcast. How quaint, this hope, like a child’s fairy tale in a world of wolves. 🐺
Here’s where it gets even juicier – the guy already pleaded guilty in criminal court and is serving nine years. Nine years! That’s like two seasons of Curb Your Enthusiasm! And get this – he’s got to pay $213 million restitution there too. Guys like this make Bernie Madoff look like an amateur.
According to Waller, “There’s nothing scary about this just because it’s in the decentralized finance or DeFi world.” Yeah, because new technology that completely shakes up your old system is totally nothing to fear, right? Just some little techy thingy that records transactions. No big deal. 😏
This new coalition, christened the Beacon Network, seeks to thwart crypto criminals by alerting global law enforcement faster than you can say “blockchain.” High-risk wallet addresses will be flagged, and alerts issued to prevent baddies from cashing out their ill-gotten gains. Enter the supporting cast: blockchain sleuths such as ZachXBT, Security Alliance (SEAL), and zeroShadow, who will provide vigilance and intelligence. It’s like having Sherlock Holmes on speed dial, except he works remotely and charges in Ethereum.
Well, butter my blockchain, if it ain’t Ripple stepping up as a founding member of this here Beacon Network. Seems they’ve decided to join the posse, aiming to lasso those illicit funds before they skedaddle from the blockchain into the traditional financial saloon. Built with the help of lawmen, crypto barons, and stablecoin slingers, this Beacon fella is a big ol’ step toward taming the crypto wilderness. 🌵
Remember 2021? Pepperidge Farm (and every Chinese miner) remembers. That was the year Beijing ghosted crypto harder than a situationship. Three years later, the e-CNY is still stuck at the “it’s complicated” stage, while USDT and USDC are basically the Visa and Mastercard of the internet. Meanwhile, the dollar lounges at 47% of global payments, and the yuan? Sixth place-2.9%. Ouch. 🥉
