updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Khanna believes Bitcoin is not a partisan issue. He says that, due to the prospects of its future appreciation, the US government should keep seized Bitcoin as a strategic reserve asset, and not sell it into the market.
Most of the Bitcoins that were held by the United States had been seized from illicit activities, and the government generally sells such assets back into the market.
Rep. Ro Khanna will keynote a Bitcoin conference in Nashville headlined by the likes of Donald Trump and Vivek Ramaswami. One of only a handful of Democrats such as Jake Auchincloss, Richie Torres, and Darren Soto, in attendance, Khanna said the party needed to grapple with the issue.
Ro Khanna also plans to speak about the potential that’s inherent in Bitcoin. He said the blockchain on which it sits could enable cheaper and faster transactions, particularly international ones. He extended that it is critical for America to lead in this new asset class so it can set the terms of how it’ll work. Khanna continued that Bitcoin is easier to store than gold; the storage costs are lower, and it’s less vulnerable to foreign inflationary pressures. With him agree numerous experts who recently claimed Bitcoin will outperform gold.
Khanna added that he has actually been putting in work to change policy on the regulation of cryptocurrency. He co-sponsored a bill FIT 21 with Patrick McHenry in order to create better regulatory balance between the CFTC and SEC.
Because of this work, over 70 Democrats were gained in support. Khanna also voted to override President Biden’s veto on SaB 121, which would enable banks to hold cryptocurrency without counting them as liabilities.
He has also set up a roundtable with senior policy adviser Anita Dunn, Mark Cuban, and other tech leaders to talk up the benefits of decentralized systems like Bitcoin. He added that he is pressing for further dialogue with the Vice President’s office to place Democrats as decentralization and innovation champions.
Recently, during the Bitcoin Conference 2024, Ro Khanna said the US needs to be in a leading position with respect to Bitcoin, and in such a way that the country is poised to benefit from the rise in value of the asset. He went further to say that if others set the financial rules in the market, the United States will have no chance to win.
He called for the scrutiny of voting records on critical legislation such as FIT 21 and the attempted SAB 121 override for accountability based on their platforms.
Ro Khanna now hopes the Democratic Party distances itself from its hostile crypto policies of yesteryear. He contrasts the Republican stance, promising to end perceived Democratic overreach with respect to cryptocurrency and protect rights pertaining to Bitcoin mining and self-custody of digital assets from government overreach.
Meta Platforms have been spending billions of dollars to get its metaverse initiative on a very good footing, and this year marks one of the critical periods that will redefine the direction of the entire pursuits.
American multinational tech giant Meta Platforms Inc (NASDAQ: META) is set to implement a new round of layoffs as an effort to cut costs and prioritize its business restructuring. As reported by Vox, the layoffs are expected to commence on Wednesday, citing several internal sources at the company.
Meta Platforms Inc remains one of the most celebrated tech giants in the world, however, the negative turn of the global economy has pushed the firm to cut back its excess workforce, beginning with its axing of 11,000 employees back in November last year.
The teaming layoffs are consistent with the earlier claims from Mark Zuckerberg, the co-founder and Chief Executive Officer of the company who noted that the firm is determined to focus on key priorities, dubbing 2023 as its “year of efficiency.” As detailed, some of the layoffs will be focused on low-priority jobs and according to the insights, as many as 4,000 jobs are bound to be cut.
The tech department is most likely to be affected this time around, although other departments including the business segment is also billed to see an additional cut in employee numbers moving forward.
“This will be a difficult time as we say goodbye to friends and colleagues who have contributed so much to Meta,” Lori Goler, Meta’s head of people, said in the memo.
According to Goler, the affected employees will be informed today between 4 am to 5 am PT. This time according to the Vox report might change from one country to the other. It was confirmed that it is not every nation where Facebook is in operation that will be impacted by the latest round of layoffs.
The reduction in the headcount is considered necessary for the firm at a time when the tech sector is taking a beating on earnings.
Despite the reality in the job cut that is planned for Meta Platforms employees, those working in the company’s metaverse initiative may not lose their jobs for now. This is because the company is doubling down on the rollout of products and services to market its innovation to its teaming customers.
Meta Platforms have been spending billions of dollars to get its metaverse initiative on a very good footing, and this year marks one of the critical periods that will redefine the direction of the entire pursuits.
Meta has printed a huge loss on its metaverse endeavor for the 2022 financial year and it might utilize its human resources to bring a positive turn to this section of its business. With the proposed product push, Meta is seeking to grow its total monthly users for the Horizon Worlds from the fairly above 200,000 it recorded last year.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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On Monday, Parlement Technologies, the parent company to Parler (a social media platform popular among US conservatives), announced that it had reached an in-principle agreement with top American rapper Kanye west for him to purchase the social networking site. The statement added that the deal with the rapper should be completed before the end of this year.
Like Gettr, Truth Social, and Gab, Parler is a social media platform that positions itself as a free speech alternative to Twitter. In an interview with Reuters after the recent Paris fashion week, Parlement Technologies CEO, George Farmer, said the discussion regarding the takeover with Kanye (also known by his stage name, Ye) was brief.
As a fashion designer, in addition to being a rapper, Kanye wore a t-shirt on October 3 during the Paris fashion event with the inscription “white lives matter.” Four days after, some Jewish groups called his Instagram posts anti-semitic. Hence, the meta platform (owners of Instagram and Facebook) denied the rapper access to his Instagram account because of those posts.
Since he could no longer post on Instagram, Kanye started posting on Instagram. However, the bird platform also locked him out of his account even though that was his first post there in two years. The Parlement CEO said the deal to purchase Parler came together quickly because Kanye saw the opportunity in the deal after he could no longer post on Instagram.
Parler became famous for launching an NFT marketplace featuring an NFT collection of former us president Donald Trump. Also, Kanye is no stranger to cryptocurrencies. While appearing on a popular TV show, The Joe Ragan Experience, in October 2020, Kanye was full of praise for the technology.
He commented that “the bitcoin people have a true understanding of freedom for America and humanity.” A few days ago, Kanye wore a “Satoshi Nakamoto” face cap following reports that JPMorgan (his bank account) restricted him from access to his bank account. Despite the sale, Parlement Technologies would still provide continued technical support for Kanye’s new social networking site.
Parler CEO Farmer said the platform has over 16 million registered users. However, a research analytics firm, AppTopia, estimates that Parler has 40,000 daily active users with about 12 million installs. In a statement shared by Parler, Kanye said people must have the right to express themselves freely, especially in a world where many consider conservative opinions controversial.
Google and Apple Inc. removed the Parler app from their app stores after January 6, 2021, US Capitol riots. Amazon Web Services also removed the Parler app over violent content and the app owners’ lack of policing questionable content.
However, Apple returned the app to its app store on May 17, 2021, while Google did likewise early last month. Within the same month, Parler revealed a raise of $16 million from Series B funding.
Burning is a method of destroying tokens to create scarcity and increase the value of the remaining tokens. This is a common practice in the cryptocurrency space and is often used as a way to reduce inflation.
Uniglo (GLO), a project that has been gaining much attention lately, is set to implement a revolutionary burn mechanic. This mechanic will allow Uniglo (GLO) to compete with some of the biggest players in the space, such as Shiba Inu (SHIB), Litecoin (LTC), and Bitcoin (BTC).
The Glo Foundation introduces Uniglo (GLO) as a hyper-deflationary, asset-backed social currency on the Ethereum network, intending to build a community-driven ecosystem with active users and a volatility-hedge coin.
The primary tool for Uniglo to reach its goals is its Ultra-Burn Mechanism. Under the Uniglo protocol, a portion of every transaction is automatically burned or destroyed. This reduces the overall supply of GLO tokens, making them more scarce and valuable over time.
In addition, the Uniglo team has plans to use a portion of the fees collected from transactions to buy back and burn GLO tokens. This will further reduce the circulating supply and increase the value of the remaining tokens.
Buyback and burn practice is directly connected to profits from Uniglo Vault, which is funded by 5% transaction fees. With the DAO vote system, the community decides which assets to sell or purchase to expand the treasury, and revenues from these assets will be utilized to repurchase $GLOs and burn them.
Uniglo’s burn mechanic is a powerful tool that will create a virtuous circle of scarcity, demand, and value for the GLO token. This is sure to make Uniglo a project to watch in the coming months.
Shiba Inu (SHIB), a famous meme-based cryptocurrency, is probably the crypto with the highest and largest burning rates. Shiba’s value has decreased dramatically during the current bear market. Thus, they felt the urge to develop an official website where investors would send SHIBs to dead wallets and burn themselves. Last week, the community burned more than 1.2 billion SHIB.
For Litecoin (LTC), one of the most commonly accepted cryptocurrencies and supported by over 2,000 merchants and stores worldwide, burning is not a widespread practice. Nonetheless, the Litecoin supply is structured to decrease over time to maintain the coin’s value.
Speaking of BTC, although creators have never burned Bitcoin supply to artificially inflate its price, 3.7 million Bitcoins have been lost for different causes, including loss of private key access, death, and more. Bitcoin is the dominant cryptocurrency by market capitalization. Hence it does not require burning to increase in value.
These three projects are widely adopted cryptocurrencies with distinct goals and solutions. However, they are all subject to market volatility. Recent bearish trends have demonstrated that even Bitcoin is not an effective hedge against inflation and volatility. And when Bitcoin struggles, other currencies also decline.
Therefore, investors with bear market experiences shift their focus to Uniglo.
The burning mechanism is intended to assist Uniglo (GLO) realize its full potential and becoming a premier cryptocurrency. $GLO is scheduled to get listed on Uniswap in October. Until then, investors can join the army of early adopters by purchasing $GLOs on the website and taking advantage of the presale bonuses.
For More About Uniglo:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
The non-profit organization behind the development of meme-based cryptocurrency Dogecoin has announced a partnership with Ethereum co-founder Vitalik Buterin to create a staking mechanism for $DOGE.
As Cointelegraph reported on December 24, according to the “Dogecoin Trailmap”, which is Dogecoin Foundation’s first ever development roadmap, they have a plan to develop a staking mechanism for $DOGE with the help of Buterin.
I also suggest “Libidoge” to the trail map. It will be used to measure the excitement level of the Shibes
— Dogeficial Intelligence (@occupymars42069) December 23, 2021
The Foundation says it is working to create a “uniquely Doge proposal” for community staking, a version of the Proof-of-Stake (PoS) system that Ethereum is similarly implementing.
Under the new system, Dogecoin users will be able to stake their $DOGE to improve network function, while receiving a modest reward in return.
The proposal reads,
[The PoS version] will allow everyone, not just the big players to participate in a way that rewards them for their contribution to running the network, and at the same time gives back to the whole community through charitable causes.
Despite being billed as a dead project, with little to no media activity for the last six years, the Dogecoin Foundation is attempting a development revival for the memecoin. In August, the Dogecoin Foundation reestablished itself, announcing a new team comprised of advisory board members Vitalik Buterin and Dogecoin co-founder Billy Markus, among others.
The most recent Trailmap highlighted DOGE’s “influential friends” working to grow the project and contribute development time to the open-source project.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Photo by user KNFind via Pixabay.com
