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W. E. Messamore



Articles by W. E. Messamore

ETH vs. ADA: Is Cardano or Ethereum a Better Investment in 2024?

22 days ago

Markets got a big spike in Ethereum price this week on crypto exchanges. What’s behind it and what factors can investors take into consideration to determine whether Ether or its friend Cardano is the better buy?
Ethereum has a birthday coming up on July 30. It was launched in 2015 to create a “world computer” with the same Web3 blockchain properties as Bitcoin has for storing cash and making payments.
Cardano was launched on September 23, 2017 by initial coin offering (ICO) and founded by an Ethereum co-founder, Charles Hoskinson. Today it’s the 10th largest cryptocurrency by market capitalization.
Ethereum Market Cap (May 22): $451.8 billionCardano Market Cap (May 22): $17.2 billion
Certain differences between the two cryptocurrencies are an advantage for one or the

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7 Reasons Dogecoin (DOGE) Could Flip Ripple’s XRP in 2024

29 days ago

Dogecoin’s total market capitalization was $19.8 billion at the time of writing, with the hash work-powered meme currency trading at $0.145.
Meanwhile, Ripple XRP price moved markets at $0.5 per token, and its market cap stood at $27 billion, according to data from CoinMarketCap.
The Ripple lawsuit versus the US SEC could be over as soon as this summer, according to one legal expert. That would be the end of an ongoing headwind for XRP and portend a rise in its fortunes.
But here are seven reasons why Dogecoin could flip Ripple’s market cap later this year with one or two little green candles.
1. Elon Musk

The circle will be completepic.twitter.com/QkT7K9QBJF
— Elon Musk (@elonmusk) March 25, 2024

Dogecoin has Elon Musk. That’s such enormous credibility and publicity.

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Here Is What 6 Silicon Valley Giants Think About Cryptocurrency

May 12, 2024

The high-tech industry continues to make active inroads into the blockchain industry, proposing and building out new solutions that make Web3’s products better and more usable by mainstream folks as well as sophisticated industry participants.
1. Block CEO Jack Dorsey – Bitcoin Bull
Back in 2021 at “The B-Word” conference by Crypto Council for Innovation, on a panel alongside Cathie Wood and Elon Musk, Dorsey said,
“It’s deeply principled, it’s weird as hell [and] it’s always evolving. It just reminded me of the Internet as a kid.”
You might say the Twitter, Block, and Bluesky social founder is a fan of Bitcoin and cryptocurrency. The Silicon Valley whiz kid started Block (formerly Square Payments) soon after founding Twitter.
Moreover, his payments processing company

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9 Celebrity Endorsements That Are Pushing Crypto Mainstream

May 5, 2024

Grammy award-winning rapper Eminem recently cut an ad for Crypto.com to advertise blockchain to NBA fans. Here are 10 other celebrity endorsements that prove cryptocurrency adoption is accelerating.
But real quick first— here’s “The Real Slim Shady” singer’s X post with the Crypto.com advertisement:

You know what it’s always been. #FFTB #Ad @cryptocom pic.twitter.com/XZ3Qf7TkkR
— Marshall Mathers (@Eminem) April 26, 2024

“From the beginning you couldn’t stop, breaking resistance with every swing and block. Your game plan never changed.”
Bloomberg called the collaboration between a major crypto exchange, the hip-hop superstar, and the NBA a “sign of a dramatic shift in the crypto industry’s marketing and advertising efforts.”
Celebrity crypto endorsements are appearing

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Bitcoin Has More Users Than The Internet in 1997: Here’s Why That’s Bullish

March 30, 2024

A meme began making its way around crypto Twitter earlier this month, pointing out that Bitcoin now has the number of active users that the Internet had in 1997. But the reality is even more interesting:
Bitcoin most likely has far more users today than the Internet had the year Amazon debuted on Wall Street. That means Bitcoin investors may be running out of time to capitalize on stellar market returns driven by growth in user adoption.
Our Sources: 70M Internet Users 1997 | 435M BTC Users 2024

#Bitcoin has the same number of users as the Internet had in 1997.
We are just getting started. pic.twitter.com/ppX1Vc9kZy
— Vivek⚡️ (@Vivek4real_) March 23, 2024

The economics of this trade are fascinating and promising to investors who note that even if a billion or five

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7 Signals Bitcoin Is Rocking Outside The United States

March 16, 2024

The markets are rallying exuberantly for BTC for a couple of reasons this March.
Institutional investors bought deep after the SEC opened up Wall Street access to Bitcoin price exposure through custodial spot ETFs. That only adds to the scarcity shock with the supply halving coming up next month.
However, many blockchain crypto trading strategists think it is hard to overstate the importance of the ETF approvals by the Securities and Exchange Commission. The new paradigm does not merely allow regulated investors to do so.
It caps off a year of incredibly welcoming and accommodating policies for Bitcoin and cryptocurrencies in United States courtrooms and legislatures. The risk of the U.S. passing onerous regulations has long been an important headwind for Bitcoin prices in

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11 Bitcoin Halving Cycle Protips From Crypto X (Twitter)

March 13, 2024

The future is not assured until it has passed, but successful cryptocurrency investors have relied on how powerful the recurring patterns are in these historical trends.
Here are 12 Bitcoin halving cycle protips from crypto influencers on X, the social media website formerly known as Twitter.
1. It’s Still Early On This Halving Cycle

Like clockwork 😄 #Bitcoin pic.twitter.com/BrZRDsgsLN
— Thomas | heyapollo.com (@thomas_fahrer) March 2, 2024

It may feel strange to traders to step out into new waters and make long entries in BTC right after a new all-time high. But as seasoned traders know, and as you can see from the Bitcoin price chart going back to 2013 above, it’s early.
Set stop losses, make trading plans, and stay updated on the market and news, but a timid buyer

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7 Signals the Bitcoin Bull Run Has Room to Run After $70,000 (Opinion)

March 10, 2024

This bull run is cyclical in nature, and these seven signals suggest it is just getting started.
Just three weeks ago, on Feb. 12, Bitcoin’s price crossed the $50,000 threshold. Fundstrat Global Advisors Head of Digital Strategy Sean Farrell said, “This rally in the near term certainly has some room to run.”
He was right!
The spot rally on cryptocurrency exchanges surged to just past $70,000 on Friday, Mar. 5, before retracing to where it is currently. So, after crossing $50,000, the rally sure had some room to run.
But here are eight signs it has room to run yet after re-gaining its highest price ever for the first time in just under two-and-a-half years.
1. The Fed Rate Hasn’t Even Dropped
The Bitcoin price is soaring to new all-time highs, and the federal funds rate for

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This Shiba Inu (SHIB) Competitor Enters the Top 60 Cryptocurrencies

March 10, 2024

Moreover, it’s getting some new digs on Stock Twits, and another crypto exchange has added FLOKI to its trading pairs.
FLOKI coin gained more in price on cryptocurrency exchanges last week than Pepe Coin, Dogecoin, Shiba Inu, Bonk Inu, or Wif. Furthermore, the Ethereum and Binance Smart Chain meme coin entered the top 60 biggest cryptocurrencies by market cap.
Popular meme coin account DogecoinRise posted to X, formerly Twitter:
“Floki has outperformed $PEPE, $DOGE, $SHIB, $BONK, and $WIF in the past week and is now the 50th biggest crypto…
As I’ve said repeatedly:
I strongly believe #Floki will be the next #Doge and THE main #memecoin of this bull run!”
Floki just ended a recent seven-day period with a gain of over 200% and a 30-day period with nearly 600% in price

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Tom Lee Reveals What Will Drive Bitcoin’s Price to $150,000

March 8, 2024

Speaking with CNBC’s Brian Sullivan on “Last Call,” Lee said, “It’s a generational issue” for Millennials and Gen Z, who are more open to adopting cryptocurrency.
Sullivan told the financial analyst and strategist, “I’ve never met an investment instrument that is so polarizing… There’s people who call it fake, it’s a fraud, it’s a joke, it’s worthless. You know? Why do you think Bitcoin is so polarizing?”
“It’s a generational issue,” Lee answered.
Bitcoin Generation Gap
“You know I think in crypto they refer to sort of the legacy financial folks as Boomers, because you know, Bitcoin is really being adopted and used by both younger folks, both Millennials and Gen Z, as well as people outside the U.S. Bitcoin’s really useful to the unbanked outside the U.S.,” Lee said.
A

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Ethereum Price Prediction: Can ETH Break Above $10,000 in 2024?

February 11, 2024

Altcoin analyst Altcoin Gordon told over 400,000 X followers Friday that his year-end target for Ethereum is $11,250. That would be a 3.4X increase compared to current prices.
Bitcoin has received plenty of attention from the media since October between the SEC approval of Bitcoin ETFs in January and the upcoming fourth Bitcoin halving in April.

Ethereum supply dropping.
Ethereum demand increasing.
Do you understand? pic.twitter.com/txH5g9Eq4w
— Gordon (@AltcoinGordon) January 18, 2024

But an Ethereum ETF is also in the works this year, and the network has been deflationary in supply ever since a very significant upgrade in 2022.
Meanwhile, JP Morgan analysts are anticipating the Proto-Danksharding upgrade this year.

Ethereum Price Prediction: $11,250 By 2024
Altcoin

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How Bitcoin Mining Could Actually Make The Earth Greener (Opinion)

February 4, 2024

Bitcoin hash rate continues to chart astounding record highs just weeks before the fourth halving. Meanwhile, critics worry Bitcoin mining could be hazardous to the environment.
That hasn’t stopped the price from soaring to a multi-year record high of $46,670, 67% of its historical all-time high price of $69,000 in November 2021.
However, according to a recent analysis by the U.S. Energy Information Administration, Bitcoin miners in the United States alone use as much electricity as the entire state of Utah.
The EIA study also estimated that Bitcoin mining accounts for somewhere between 0.6% to as much as 2.3% of all electricity demand in the U.S. in 2023.
Bitcoin Mining Environmental Concerns
Bloomberg Crypto says that mines have generated more than hash power. They’ve

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3 Reasons China Should Repeal Bitcoin Ban (Opinion)

February 4, 2024

China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban.
These brave souls were not unpatriotic, nor was their investment in Bitcoin against the fundamental principles of Chinese communism. In fact, they are on to something that most of the world’s governments have been slow to grok: Bitcoin represents an ideal store of value beyond borders or political ideologies.
Here are three reasons China should repeal the Bitcoin ban:
Strong Chinese Demand Despite Bitcoin Ban
Chinese GDP grew by 5.2% in 2023, but its stock market was the worst-performing equity market in the world, with a 10% fall (while the U.S. S&P 500 Index soared 25%).
As a

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Three Reasons Why Bitcoin Price Fell In January

January 28, 2024

In short, an overbought market after months of increasing certainty about the SEC’s Bitcoin ETF approvals burst in January and allowed the price to correct some.

Historical #Bitcoin prices for today, January 26th:
2024 – $41,1742023 – $23,0162022 – $36,8002021 – $32,5022020 – $8,6082019 – $3,5712018 – $11,1182017 – $9162016 – $3902015 – $2692014 – $1,0072013 – $182012 – $5.32011 – $0.40
— Historical Bitcoin Price (@HistoryBTCPrice) January 26, 2024

During this time, short-term traders helped pump the price, then went ahead and took profits after the Bitcoin ETF approvals by “selling the news.”
Finally, tougher macro conditions, with a stronger dollar after a months-long slump, have led to more bearish sentiment for Bitcoin’s overall outlook in January.
Here are some more

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XRP Myths: Expert Corrects Three Misconception About Ripple

January 1, 2024

An illuminating conversation unfolded on X this week about XRP Ledger’s smart contract features. A Ripple expert corrected some misconceptions that Ripple is not as feature-rich as its competitors.
Are Ripple Use Cases Limited?
If you ask Google Bard or any AI chatbot why XRP price hasn’t shown the kind of gains Bitcoin (BTC) and Solana (SOL) have this year, it might tell you it’s because Ripple doesn’t have as many use cases:
“While XRP is initially designed for fast and cheap cross-border payments, its use case hasn’t evolved or broadened significantly.
Other competitors like Ethereum and BNB Chain offer a wider range of functionalities like smart contracts and decentralized finance (DeFi), which might attract more user interest and drive price appreciation.” – Google

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Baltimore Launches A Blockchain Solution to Vacant Homes Problem

December 31, 2023

Foreclosing on a vacant home in Baltimore can take two to three years, according to a report in the Baltimore Sun. It’s a legally arduous process in Maryland.
Foreclosure requires city officials to wait on title searches to verify the entire ownership history of the house.
As a result of the multiple title searches required for each step in the process of acquiring, fixing up, and selling a home, you’d be lucky to get everything done in four or five months. Meanwhile, the vacant home can attract critters, crime, and hazardous conditions.

Baltimore Orders Home Real Estate Blockchain
But the city is hoping to solve this with a $225,000 blockchain project. Its spending board agreed to the contract for it in December. The Baltimore Sun reports:

“Over the three-year pilot,

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These 4 Bitcoin Mining Stocks Outperformed Apple and Amazon in 2023

December 31, 2023

Apple, which announced its Vision Pro headset in June, saw its share price grow by 55% in 2023. Meanwhile, Amazon stock gained 79% as its AWS division pushed for AI-focused products.
But these leading “Magnificent Seven” tech stocks did not make it into the top ten by yearly returns for 2023. The tech industry stocks that did were all Bitcoin mining stocks. Moreover, Wall Street’s top ten performers this year included not one, not two or three, but four Bitcoin mining companies.

Wall Street Mania For Bitcoin Mining Stocks
The impressive showing proves that mainstream investor interest in cryptocurrency is increasing. The four Bitcoin mining stocks that outperformed nearly the entire market were:
Cipher Mining (CIFR) at number three for the entire year after gaining 1,042%

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Ripple (XRP) vs. Cardano (ADA): Which One Will Reach $1 First?

December 31, 2023

These two blue chip, large-cap, top-ten cryptocurrencies may not seem to have much in common. But they settled into a similar price range in December, according to market data from CoinGecko.
In the first two weeks in December, after XRP price found support around the $0.60 level in late November, ADA tokens rocketed up from key support at the $0.35 handle to settle in at that same $0.60 support level.
These two altcoins each recently scored a Binance listing with USDC as a trading pair (Solana and MATIC did too). Here’s how ADA and XRP compare on important price factors.

XRP vs. ADA: Technical Indicators
XRP price has been charting a falling wedge pattern for the better part of the one-month, two-month, and six-month windows. That is often a bullish reversal signal.

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Upcoming Ripple (XRP) Price Volatility? Important Legal Dates in Ripple v. SEC Lawsuit in 2024

December 31, 2023

XRP performed fantastically in 2023, with 87% YTD gains the final week in December and an eye on $1 in 2024. That’s impressive, given Ripple’s legal woes with the SEC lawsuit since 2020.
In December, XRP’s price continues to trade with support at $0.62 and a descending line of resistance from $0.72 on Nov. 6 to $0.67 on Dec. 8 to $0.65 on Dec. 25.
In any case, it’s important to look at some of the key dates that are approaching in Ripple’s lawsuit that may serve as a catalyst for developments in XRP’s price. It’s also worth mentioning that there are other legal proceedings taking place simultaneously, which may impact the way the Ripple v. SEC case unfolds.

SEC v. Ripple Lawsuit Key Dates Approaching
All has been relatively quiet in XRP markets, with a lull of new

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XRP Price Pumps: Will Ripple Reclaim Market Cap Rank From Solana?

December 27, 2023

XRP tokens, the native cryptocurrency for the cross-border Ripple Labs network, have traded sideways in a narrow band with support around $0.62 since mid-November.
At the same time, SOL used the opportunity, surged by an impressive percentage, and surpassed XRP in terms of market cap ranking.
Ripple’s Turn Next After Solana?
But the XRP price tested at $0.68 once on Friday, Dec. 8, before falling back to support lines, and resistance was again tested at $0.64 on Christmas Day. With a 74% volume surge on Christmas and a two-week record high of $0.6433 according to CoinGecko data, is Ripple set to rally again like it did in October?
If it does, Ripple could reclaim its market cap rank from Solana after losing the fifth place to the low-fee Ethereum competitor in December.

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3 Indicators Shiba Inu (SHIB) Price Is Set to Rally

December 27, 2023

Shiba Inu is soaring up the 7-day, 14-day, and 30-day charts. Here are three signs that the SHIB price rally for the popular Ethereum ERC-20 meme coin continues.
But real quick first, here is the most recent update on SHIB price:

Shiba Inu Support Building аt $0.00001075
The Shiba Inu token has bounced along a sideways channel with support at the $0.00001075 level since Friday, Dec. 22. During that time, SHIB charted highs with resistance around the $0.00001100 level.
Meanwhile, the meme coin surged to $0.00001125 briefly amid high trading volume on Saturday, Dec. 23, according to CoinGecko data.

On the 14-day chart, SHIB’s price gained 11.9% in crypto exchange value from $0.00000965 on Tuesday, Dec. 12, to $0.00001080 on Tuesday, Dec. 26.
With the average Shiba Inu

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2 Bitcoin ETF Hazards: SEC Rejection and Competition From Funds

December 24, 2023

A U.S. circuit court in Washington D.C. has ordered the Securities and Exchange Commission to revisit its rejection of a Bitcoin ETF application by crypto hedge fund Grayscale.
But that doesn’t mean the SEC won’t find new reasons to reject it or any of the dozen other applications.
SEC Rejection or Delay Could Tank Bitcoin Price
Crypto industry investors and insiders expect the price of Bitcoin and other crypto assets to surge if and when the SEC approves an exchange-traded fund for BTC. “It’s definitely going to pump quickly,” said DeCryptoFi founder and CEO Nicholas Scherling at a recent round table with Rob Nelson for TheStreet.
By the same token, however, news of any Bitcoin ETF rejections by the SEC could lead to a rout in Bitcoin price. In fact, ETF Store president

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8 Signs The Bitcoin Price Bull Market Isn’t Over

December 23, 2023

Bitcoin (BTC) retraced 5% over the second week in December to $42,236 on Saturday, Dec. 16, from a 19-month high of $44,700 on Dec. 9. The decline in average crypto exchange spot prices for Bitcoin followed an astonishing 62% rally over two months from $27,162 on Oct. 16 to that key resistance around the $44,000 level.
U.S. banking giant J. P. Morgan warned that BTC was overbought in mid-November after Bitcoin price surpassed the $36,000 level. Blockchain analytics firm CryptoQuant said this week that BTC corrected after climbing too fast but that the digital asset is still in a bull market, with the bears firmly in the past.
Here are eight signs that Bitcoin’s bull market isn’t over yet.
1. It Keeps Taking an Hour or More to Mine a Block
There are now so many miners

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Is the Ripple (XRP) Price in Danger? Closer Look at an Important Metric

December 17, 2023

Ripple dominance, the measure of XRP’s market share by market capitalization in the competitive cryptocurrency segment, is flashing a warning signal this year.
XRP Dominance Trends Lower
XRP dominance is down 3.63% for the week, 18.83% over the past month, and 10.63% over the past six months. On the one-year window, Ripple’s percentage market share of all cryptocurrencies is down 11%. On the five-year window, it’s down 82%. Its peers on the market cap chart are faring markedly better.
Bitcoin (BTC), for example, has only lost 10.59% of its market share over the past five years, not 82% like Ripple. Meanwhile, Bitcoin’s dominance has grown by 28.65% over the past year, 6.85% over the past six months, and 1.6% over the past month. But Ethereum might make for a more useful

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Ripple President Says Cryptos Like XRP are Hastening Globalization

December 17, 2023

The New York Times featured the Ripple Labs president in a recent special series on global consumer behavior in 2024.
“We asked a global group of entrepreneurs, business leaders and academics to assess consumer behavior,” wrote the Times.
Ripple President Explains Global Appeal of XRP
For her part in the series, Long makes the case that TradFi structures are “too slow to support” the current pace of global commercial growth. As a result, the developing world is turning to cryptocurrencies like BTC and XRP:
“In 2023, we saw reports from the International Monetary Fund and the Financial Stability Board specifically citing the ‘cryptoization’ of developing economies where, because of macroeconomic instability and weak inflation controls, people have begun to prefer

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Ripple (XRP) Opportunity of a Lifetime According to Fmr. Goldman Sachs Exec Raoul Pal

December 17, 2023

Long-term XRP investors have shown remarkable patience and resilience as the SEC lawsuit winds down. After a string of victories against most of the SEC’s charges this year, Ripple Labs is still battling the regulator over how much of a financial penalty it should have to pay.
Fmr. Goldman Head’s Lifetime Opportunity: XRP
Real Vision CEO Raoul Pal told CryptoLaw founder and Ripple amicus brief lawyer John Deaton in a recent interview that he bought XRP after the Securities and Exchange Commission filed a lawsuit against Ripple Labs in Dec. 2020. Pal called his XRP play an opportunity of a lifetime:
“When you see something like that, it’s like, ‘Okay, now the price has been massively discounted. We know it’s a real thing, half the people have been shut out of the market,

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Is the Bitcoin (BTC) Price Rally in Danger? ETF Bears Warn

November 26, 2023

After a meteoric rise from $26,750 on Oct. 12 to close the month at $34,667 on Oct. 31, Bitcoin price (BTC) is still rising in November. BTC pumped from the $36,500 handle to multi-day support at $37,400 the day Grayscale Investments met with the SEC over its Bitcoin ETF application.
But its gains have seen more volatility this month, whipsawing on a course for $38,000 as Bitcoin ETF bulls hold their breath. That could be a sign that bears are gaining confidence. Meanwhile, bulls may be losing steam the longer markets wait on an SEC approval.
SEC Approval vs. Operation Timelines Key
Long-only crypto hedge fund Off The Chain Capital’s president, Brian Dixon, recently said he doesn’t expect a big rally when the SEC finally approves one or more Bitcoin ETF products:
“You’ll

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Bullish for Ripple (XRP)? New ETP to Debut in Europe in December

November 26, 2023

Investors stateside in both the cryptocurrency and traditional finance worlds are eagerly awaiting a Bitcoin ETF product in the U.S.
But those in Europe looking for an XRP exchange-traded product will have one next month.
Europe Gets an XRP ETP in December
DeFi Technologies, Inc. announced last week it will debut a new Ripple XRP ETP on a European exchange. The Canada-based Web 3.0 company will be ready to launch the product in early December.
It will offer the product through its subsidiary, Valour Inc. The blockchain company says the Ripple ETP will cater to the “growing demand among European investors for diverse cryptocurrency exposure.”
A recent report says Valour currently offers a number of innovative blockchain products. That includes Ethereum Zero and Bitcoin

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Market Wisdom from Changpeng Zhao as Binance CEO Steps Down

November 26, 2023

Binance is the largest crypto exchange in the world by volume.
The company just recently turned six years old earlier this year. In addition to Zhao stepping down as CEO, Binance agreed to settle DOJ charges of money laundering with a $4.3 billion fine.
Furthermore, the exchange saw over $1 billion in outflows in under 24 hours as customers withdrew funds and tokens following the news. Supporters sent CZ an outpouring of sympathy and cheers on X.com.
Here are three powerful quotes from “CZ Binance” to remember.
1. Bull or Bear, “It’s Always A Build Market”
The Binance CEO and founder was always in it for the tech, not just the profits. Before cryptocurrency, Zhao worked on stock trading systems for brokers in Shanghai.
“It’s always a build market.”
Akin to Microsoft’s

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Bitcoin IRA Savers Have New IRS Contribution Limits in 2024

November 25, 2023

On Nov 1, the IRS announced, “The limit on annual contributions to an IRA increased to $7,000, up from $6,500,” for the 2024 tax year. The 401(k) limit also went up by $500 to $23,000.
That means Bitcoin investors who are saving for retirement with a self-directed Bitcoin IRA can now contribute $500 more next year.
Bitcoin IRA Contributions Are Tax Deductible
Saver investors looking to hedge inflation, diversify their portfolio, or add a risk-reward, high-growth tech play to their strategy also get a tax benefit with a Bitcoin IRA or 401(k) account.
According to Forbes Advisor:
“A Bitcoin IRA can provide you with the tax advantages of traditional and Roth IRAs.”
The main advantage of an IRA is taxpayers can deduct their contribution from the amount of their taxable

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