💬 “By implementing the BRC-30, we are looking to a future where holders of BRC-20 tokens and bitcoin can use an alternative way to generate income, not relying solely on buying an asset at a low price and reselling it at a high one. The staking mechanism brings new functionality to the BRC-20 token ecosystem, helping to strengthen the connection between token holders and the Bitcoin network.

The CEO of Coinbase added that Hong Kong is positioning itself as a global crypto hub as China seeks to challenge the US as the world’s financial leader in various ways.

Earlier we prepared a translation of this article. We suggest taking a break from searching for the next gem of the crypto market and remembering the basics: why Bitcoin is the first, largest and most important cryptocurrency.

“It is better to make your protocol too simple and not support 10 low value gambling applications than to make it too complex and fail at a key use as the basis for sound money is the main principle that underpins everything.

And it’s better to offend millions by aggressively defending what you believe in than to try to make everyone happy and not stand up for any of your own principles.

Be brave. Stand up for your values. Be a maximalist,” Vitalik Buterin.

❔ Solo mining compared to connecting hardware to a pool is pure lottery. The chance of getting a block is very small, and most of these miners never receive a reward, but the lucky one immediately breaks the jackpot.

All due to an error during the activation of update v19.

A clear example of the fact that time-tested solutions sometimes fail.

💬 “If you look from a technical point of view, you could always write the firmware to extract the key. You have always trusted Ledger in the sense that the company will not deploy such firmware. It is important to understand that when a user chooses a hardware wallet, he trusts the developer of this wallet, that is, he is confident in the creation and maintenance of a secure device,” the company’s press service noted.

This tweet has now been deleted.

Something in general began to disappear the desire to buy any hardware wallet.🤣

⏺ Establishing a regulatory framework for regulation may take years, but the SEC is in no hurry.
⏺ For the foreseeable future, the SEC will continue to use enforcement action instead of rulemaking.
⏺ These enforcement measures will “inform” about as yet unplanned rulemaking.
⏺ Gensler's public statements are not official guidance from the SEC to the public.

Coinbase's conclusion on this matter is that the industry is not clear about what the SEC considers its jurisdiction and what it does not. And she can change her mind along the way.

💡 Democrats and Republicans in Congress cannot make a final decision on raising the national debt limit. There are fears that if they do not agree, then the Ministry of Finance will be forced to stop making payments on bonds in June, since there will simply be no money. The US has never defaulted in history.

How does she profit?

📌 The company takes dollars and issues USDT in return.
📌 Buys US bonds and other instruments with dollars and makes a profit.
📌 Since the dollar inflation is 4.9%, then the USDT has the same inflation.
📌 USDT holders do not receive any profit.
📌 Accordingly, Tether's profit is the loss of USDT holders due to inflation.

The surplus of USDT reserves is already $2.44 billion:

⏺ Tether's consolidated assets are valued at $81.8 billion.
⏺ Consolidated liabilities — $79.4 billion.

The firm holds $1.5 billion of bitcoin as reserves (2% of the total) and $3.3 billion of precious metals (4% of the total). About 85% is in cash, cash equivalents and other short-term deposits.

✅ This was reported by ) Reuters, and Binance confirmed the information, saying that everything was done as part of the fight against terrorism.