Witnessing the rise of #PiNetwork is incredible! With 60M+ users and 25M+ KYC-verified pioneers, the community's strength is undeniable. It's natural for disruptive projects to face skepticism, but true believers understand the potential. Let's focus on building the future of crypto together! #Pi #Crypto #Web3
🚀 Big news this week! Pi Network has taken the #1 spot with a market cap of $12.9B! 🌟 Pi continues to show incredible potential and growth. Don’t miss out on this rising star in the crypto world! 🌕 #PiNetwork #Crypto #Blockchain #TopPick #Write2Earn
🚀 Exciting times for #PiNetwork! 📈 Pi is making waves and climbing the ranks. With a current price of $1.77 and a solid 3.77% increase, we're aiming for the top 5 before March ends! 🌕 Keep an eye on #PiCoin as it continues to grow. #Crypto #Blockchain #PiToTheMoon 🌌 #Write2Earn
Ethereum’s price could skyrocket to $12,000 this year, according to Dr. Sean Dawson, head of research at Derive. With Donald Trump’s first year of presidency and the anticipated Pectra upgrade, Ethereum may be poised for a historic rally. Could ETH reach this milestone?
Breaking: Bitfinex Derivatives is set to relocate operations to El Salvador after securing the prestigious Digital Asset Service Providers (DASP) license. This marks a major milestone in El Salvador’s journey as a crypto hub and strengthens Bitfinex’s global footprint.
Breaking News: Bhutan’s Gelephu Mindfulness City takes a groundbreaking step by adopting Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) as part of its strategic reserves. This move positions the region as a pioneer in integrating digital assets into government strategies. Is this the future of financial reserves? $BTC $BNB $ETH
Apologies for the silence, everyone. I had to take a step back after some setbacks, but I'm back now, stronger and more determined than ever. Sometimes, challenges are just opportunities in disguise. Let’s move forward together!
The latest airplane accident news reported today and in recent days:
Azerbaijan Airlines Crash Incident: An Azerbaijan Airlines plane crashed near Aktau, Kazakhstan on December 25, 2024, killing 38 individuals. The incident has raised concerns about Russian air defense actions, with reports suggesting the plane might have been accidentally shot down by Russian forces targeting drones. Diplomatic tensions are expected as investigations continue.
Jeju Air Flight 2216 Catastrophe: A Jeju Air Boeing 737-800, carrying 181 passengers and crew, crashed at Muan International Airport, South Korea, after landing without its gear extended. This incident resulted in 179 deaths, with discussions focusing on the possibility of a bird strike or other mechanical failures.
Air Canada's Emergency Landing at Halifax: An Air Canada flight operated by PAL Airlines made an emergency landing at Halifax Stanfield International Airport due to landing gear issues, resulting in a fire but only minor injuries among passengers.
KLM Flight KL1204 Emergency Landing: A KLM flight from Oslo to Amsterdam had to make an emergency landing back in Oslo due to hydraulic failure, veering off the runway but with no injuries reported.
Norwegian 737-800 Incident: A Norwegian Boeing 737-800 carrying 165 passengers veered off the runway at Molde Airport, Norway, stopping just meters from the sea. All passengers were safely evacuated.
Honolulu Plane Crash: A small plane crashed near Honolulu Airport, killing both individuals on board.
If $FTT hits $10, it could rewrite the legacy of FTX and SBF. Love him or hate him, Sam Bankman-Fried might just become the spark that reshapes the crypto world. History in the making? #FTX #FTT #Crypto #Write2Earn
Rumors are swirling: Could President Biden pardon Sam Bankman-Fried, the #2 donor to the Democrats? 🧐 Is justice truly blind, or does money talk louder? #SBF #FTX #Politics
JUST IN: A massive $310,000,000 was liquidated from the cryptocurrency market in just the past 60 minutes! Volatility is at its peak—are you prepared for the next move?
"Bitcoin: A Virtual Gold?" Fed Chair Jerome Powell Clarifies Stance
During the New York Times DealBook Summit on December 4, 2024, Federal Reserve Chair Jerome Powell clarified the Fed’s position on Bitcoin and other cryptocurrencies. He stated that the Federal Reserve is prohibited from owning Bitcoin or any digital assets, and this restriction extends to him personally due to his role.
Powell described Bitcoin as a speculative asset, likening it to gold but in a digital form. He explained, "People use Bitcoin as a speculative asset — it’s like gold, only it’s virtual, it’s digital." However, he noted that Bitcoin lacks the qualities needed to function as a medium of exchange or a stable store of value, further emphasizing its volatility.
While Bitcoin is not viewed as a competitor to the U.S. dollar, the Federal Reserve closely monitors the relationship between cryptocurrencies and the traditional banking system to ensure financial stability. Powell clarified that although the Fed observes the crypto sector, it does not directly regulate these assets.
This statement comes at a time when Bitcoin has seen dramatic price surges, recently crossing the $100,000 mark, driven by heightened market interest and significant commentary from financial leaders. Powell’s remarks have added to the ongoing discourse about Bitcoin's role in the global financial landscape.