On Twitter alcornbuzzio and as always this is not Financial advice and we wish you the best of luck in your crypto Adventures despite the Bitcoin price dropping to around 29 000 Bitcoin investors remain confident and show bullishness in the market on-chain indicators suggest positive prospects for bitcoin’s future performance the Bitcoin Supply on Exchanges has decreased to a five-year low indicating that more investors are moving their Bitcoin into self-custody U.S senator Cynthia Loomis says Bitcoin is going to withstand the test of time this can help the unbanked the underbank the underserved uh those that um lost money when s uh VB went down when Uh Credit Suisse encountered those problems uh and the losses that we’re now hearing about at First Republic I mean if that money was in Bitcoin yeah the value fluctuates and once you know hedging uh becomes more mature and the asset comes more mature some of those uh Highs and lows will begin to also smooth out but the point is their money would still have value and when people start realizing um I can put money in a bank but I can only put 250 000 in an insured account that the limits of fiat currency and Banking and and fiat currency as a secure and safe asset have also kind of been revealed and disclosed to people so there are people that are looking towards uh safe places safe harbors for money you don’t need to be sophisticated or have a lot of money to have your own private wallet To transfer money from a son who’s working in the U.S to his mother who’s work living in El Salvador the remittances are happening the transfers of money between people who want to help ukrainians is happening and when you can explain those real life cases for how these assets can help individual people Control their own money and have an asset that is going to withstand the test of time and Bitcoin will I don’t know if the others will but I know Bitcoin will surprisingly BlackRock suggests putting 84.9 of your wealth into Bitcoin does this mean that they know traditional financial instruments will fail I’ll get To that shortly but first let’s see what’s happening with ripple and wiremaker VCS dumping their bags when the token is pumping Ripple had won a major victory in its legal battle with the U.S Securities and Exchange Commission when the judge had ruled that the sale of xrp on exchanges Was not a security offering the decision was a victory for both the company and the cryptocurrency community but Stu El doradi Chief legal officer of verbal Labs stated the search for regulatory Clarity is not over yet following the decision the SEC claimed that the decision in favor of Ripple on the Secondary market sales was a wrong decision however El doradi said that Ripple will not shy away from a possible appeal from the SEC saying we think the Judge got this right and we believe it’s a faithful application of the law which I think an appeals court will not only Uphold but maybe even strengthen Elder Audi said the Ripple lawsuit could provide Clarity for other pending lawsuits saying I think our case and the verdict of our judge will give other judges more comfort that the SEC has been misled but he said the question policymakers and lawyers alike should Ask is what is the best regulatory framework that protects the Integrity of the market overall El doradi noted that the industry needs a comprehensive regulatory framework and without it the US would risk losing Innovation El doradi also advised other crypto companies saying incorporate in a country with a clear regulatory regime Otherwise you’ll continue to face the hostility we see in the crypto industry in the U.S until you have a clear comprehensive regulatory framework in the U.S that’s probably not a place you would want to start your business and that’s a sad statement our partners at wanchan have announced The launch of a new pillar of the one chain ecosystem X stake xdake is a new web-based platform allowing you to easily stake your one to one chain proof of stake validator nodes to make the network more secure or to one Chain Bridge nodes to help with cross-chain transactions today xdake provides users With two types of staking options the first of these allows users to participate in securing the one chain layer 1 blockchain by delegating one to the one chain proof of stake validator nodes and participating in the Galaxy consensus the seconds taking option supports the one Chain Bridge users can Now use X8 to increase the crossing capacity of the blockchain industry’s Premier crossing bridge by delegating one into one Chain Bridge nodes both initial staking options yield daily rewards and bolster the robustness and security of the one chain ecosystem prior to the launch of X take these importance taking options were only Accessible via the one wallet desktop and one wallet mobile apps x-stake is poised to become a crucial pillar of the wanching ecosystem beyond the two staking options present at launch several upgrades are already in the works in the near term both proof of stake validator and Bridge node Deployment will be possible using x-take after that users can expect staking options for non-want assets check X stake to stake to one of the fastest and cheapest Crossing Bridges linked down below worldcoin a project co-founded by openai CEO Sam Altman has launched an ecosystem token on July 24th with the aim of Providing a decentralized and private method to verify human identity online in the face of increasing artificial intelligence Technologies the Project’s goal is to address income inequality and enhance online identity authentication and have seen a lot of controversy because of it the world coin token has been listed on major cryptocurrency Exchanges including huobi fiber and okx with significant trading activity and today we’re dropping a spotlight video on whether or not we think worldcoin is a good investment so make sure you subscribe to see that later yesterday 44 Billion Dollar Bank Pax West Bancorp crashed over 25 in a day And then today shares a Bank of California and Pax West Bancorp got a major Boost from news that the two lenders will merge in an all-stock deal to create a new bank Pax West shares surged 31.3 to 10 and 10 cents a piece and after hours trading after the news Of the merge broke more than erasing the 27 slump in the stocks price on Tuesday Bank of California shares jumped eight and a half percent to 15.85 cents a piece in after hours trading extending gains from an 11 rise on Tuesday the all-stock deal will result in a new bank With 36 billion dollars in Combined assets Pax Westbank Corp isn’t the first bank to fall this year and probably won’t be the last with JP Morgan taking over first Republican May and Silicon Valley and silvergate collapsing as well this goes back to what Cynthia said about why Bitcoin will withstand the Test of time and surprisingly BlackRock has said the optimal Bitcoin allocation is 84.9 of a portfolio which seems extremely high for an asset manager they wrote although Bitcoin has an extremely large volatility of 1.32 the pronouns positive skewness leads to a large allocation and dominates in the utility Function at the same time on track Global advisors says spot Bitcoin ETFs could overtake the 230 billion dollar precious metals ETF Market which would be huge but it’s also going to rise above Fiat and I think uh it’s just better technology I mean having to have A bank and a government decide on what currency is good um is not as it is not as effective as having a Bitcoin where you you have a trusted third party which is hundreds of thousands of nodes out there checking to make sure that the transaction was done properly Maker has gained 53.5 over the past month and the cryptocurrency witnessed a remarkable 28 surge between July 15th and July 22nd achieving its highest daily close in nearly a year while the gains are impressive the real question is can the cryptocurrency sustain its current trajectory make her Dow the decentralized autonomous organization Responsible for the diastable coin and the governance token maker unveiled a five-phase roadmap in mid-may dubbed endgame the upgrade plans to include a new blockchain a Rebrand and the introduction of two tokens featuring updated functionalities ruin Christensen co-founder maker Dao revealed that the primary component of endgame entails developing incentive programs for Interactions and governance participation based on a new Chain Bridge to the ethereum network essentially users will have a capacity to initiate hard Forks in response to power attacks or abuse according to crypto markets and decentralized finance analyst nay Paradigm Capital likely divested a significant portion of its maker investments in March furthermore A16z and other major Venture Capital Farm that previously invested in maker has been reducing its position over the recent weeks according to Nay polychain and dragonfly had also previously divested their positions lending credibility to the rally based on the anticipation of other venture capitalist spelling suit simultaneously Christensen reinforces commitment to the Project’s Long-term performance by reducing positions in Lido and increasing his taken maker as per his public ethereum address maker Dao has impressively increased its earnings by 343 in three months by reducing Reliance on the usdc stablecoin and incorporating yield generating real world assets the shift involves reducing the stablecoin ratio From 62.4 percent to 20.2 percent over the three months unlike others table coins diet passes yield to its holders through the die savings rate a variable interest rate users can earn by depositing diet into the DSR contract maker appears well positioned to sustain its rally due to the implementation of a Buy-Back mechanism the notable 343 increase in revenue and the reduced risk after the Venture Capital exit strategies Additionally the co-founder’s reinforcement of commitment by adjusting his Holdings in favor of maker as confidence to its future prospects that’s it for Alcorn Buzz news update I’m ask Cody Buffington thanks for watching Wanchain – one of the fastest & cheapest cross-chain bridges – launches XStake to make staking much easier – https://bit.ly/XStake PacWest Bancorp is collapsing, BlackRock says to move 84.9% of your wealth into BTC, and a U.S Senator calls BTC a safe haven asset.Wanchain launches their new XStake, and Maker Dao is on a huge run this month! 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Then just simply join here – https://bit.ly/51K-Trading-Competition 💥Altcoin Buzz India💥 https://www.youtube.com/@AltcoinBuzzIndia/featured ● Recommendations ● 📖 Read the Article: ⏱️ TIMESTAMPS 00:00 Intro 0:23 Why BTC is becoming a safe haven 2:47 What’s next for Ripple and XRP 3:54 Wanchain launches XStake! 5:30 Banks are collapsing! 7:08 Maker is on a huge run, can it continue? ● Freebies ● 📖FREE WEEKLY MARKET & NFT UPDATE REPORTS https://t.me/AltcoinBuzzSignals ➡️ FREE CRYPTO PROJECT EVALUATION CHECKLIST Use this checklist to help you with the research and due diligence process for any crypto project.https://bit.ly/altcoinbuzz-checklist ● Affiliate Links ● ✅ Bybit https://bit.ly/Bybit-Gift 🔥Get up to $30,000 ✅ Bitget https://bit.ly/Bitget-Gift 🔥Get up to $5,000 deposit bonus | No KYC required ✅ MEXC https://bit.ly/MEXC-Gift 🔥 Participate in weekly $300,000 USDT airdrops & more ✅ Trezor https://bit.ly/Safe-Place-For-Your-Coins 🔥 Your perfect hardware wallet ● Community & Socials ● 💰FREE TRADING SIGNALS https://t.me/AltcoinBuzzSignals 🗣️ALTCOIN BUZZ CHAT https://t.me/AltcoinBuzzChat 🌍TOP CRYPTO NEWS https://www.altcoinbuzz.io 📰FREE NEWSLETTER http://eepurl.com/dnIEz1 🔷TWITTER https://twitter.com/altcoinbuzzio 🔗COINGECKO https://gcko.io/altcoin-buzz ● Disclaimer ● The information discussed by Altcoin Buzz is not financial advice.This is for educational and informational purposes only.Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours.Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.Please do your own due diligence and rating before making any investments and consult your financial advisor.
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