BRAZILIAN STATE COMPANY ANNOUNCES IT WILL MINING $BTC
Petrobras announced this week that it will begin mining Bitcoin (BTC) through a project that involves several areas of the company and that focuses on blockchain applications in the company's value chain for low-carbon transition, as revealed by the BlockNews portal.
According to the report, in addition to Bitcoin mining, the project includes tokenization of assets and other studies on how the technology can impact the company, as revealed by Marcelo Curi, Implementation Champion and Substitute Coordinator under the leadership of Rodrigo Chaves, Project Coordinator.
This isn't the first time Brazil's oil exploration company has dabbled in crypto. Last year, the company announced a partnership with Cardano, and through the partnership, ADA's blockchain education program is now available to the Brazilian company.
In collaboration with Petrobras, the Cardano Foundation has been providing blockchain education workshops for the company's employees, with Cardano Academy content being delivered via Petrobras University.
So, what do you think of this initiative by Petrobras?
Former Coinbase CTO Balaji Srinivasan has criticized memecoins, calling them a āzero-sum lottery.ā He argues that these coins do not create wealth, and buyers often lose everything when prices plummet. On X, Srinivasan, also a former general partner at Andreessen Horowitz, warned his 1.1 million followers against investing in memecoins. While acknowledging that some memecoins may have use cases, Srinivasan cautioned investors to avoid investing āin anything you canāt afford to lose.ā Srinivasanās comments on Jan. 19 came a day after U.S. President Donald Trump launched the official TRUMP memecoin. Following its launch, the memecoin surged in value, briefly ranking among the top 20 cryptocurrencies by market cap. Trumpās wife later launched her own memecoin, MELANIA, which has surged in value by 9,000%. However, both the TRUMP and MELANIA memecoins lost significant value in the hours leading up to Trumpās inauguration. Reports suggest that insider selling may have contributed to the price drop, prompting claims of a ārug pull.ā As of January 20 at 4:40 p.m. U.S., the TRUMP and MELANIA memecoins were down 40% and 26.7%, respectively. Meanwhile, Srinivan acknowledges that some memecoins have endured, but advises users to be wary of politically-backed tokens. āI agree that some memecoins have endured and have actually built communities. I would go so far as to note that some of the top 100 coins are essentially ghostchains and de facto memecoins. But a very rapid price appreciation in a highly politicized environment has a high potential for trouble. A lot depends on what happens after the first major price drop. There is no one to blame for DOGE,ā said the former Coinbase CTO. So, do you agree with him?
TRUMP EFFECT: Bitcoin. The Gold of Cryptocurrencies.
MicroStrategy CEO Michael Saylor revealed that the company acquired another 11,000 bitcoins on Tuesday (21), investing approximately US$1.1 billion (around R$6.6 billion), at an average cost of US$101,191 per unit of the cryptocurrency.
With the new acquisition, the company now has 461,000 BTC, purchased for a total of approximately US$29.3 billion, with an estimated average cost of US$63,610 per bitcoin.
Big changes are happening in the world of digital money. Influential figures and new approvals are shaking up the market. An established coin could overtake a leading cryptocurrency, while a new memecoin is catching the eye. These developments are creating buzz and could lead to significant changes. What could this mean for the future of digital assets?
$XYZ Already Delivering Before It Hits the Market The $XYZ presale is now underway, providing access to the token at a special pre-listing price.
Launch Price: $0.0001 Current Price: $0.002 In just a few months, $XYZ has already surged over 2000%!
Next Stage: $0.0025 (+25% jump imminent) Final Knockout Target: $0.1
From launch to token generation event, $XYZ is eyeing a staggering 99,900% rally!
If youāre not in, youāre out. The $XYZ presale is already breaking stages with the speed of a championās knockout punch.
Conclusion: While XRP and SOL show strong potential, XYZās unique fusion of sports and meme culture positions it as the standout memecoin targeting massive growth in the bull run.
XRP Under Attack: Accusations Intensify Debate Over Coinbase Delisting
Alexander Leishman, CEO of Bitcoin investment firm River, and Walker, host of The Bitcoin Podcast, have expressed strong skepticism about Ripple. Leishman has even called for Coinbase (NASDAQ:COIN) to remove XRP from its platform. āBrian Armstrong, stand up for our industry and Ripple. They are traitors and supporting their cause is a mistake,ā Leishman said. He also accused Ripple of seeking support from the Trump administration after years of criticizing Bitcoin and funding Democratic campaigns.
NOTE: Ripple co-founder Chris Larsen sparked controversy by donating $11.8 million to committees that supported Kamala Harris, Trumpās political opponent. This led to accusations that Ripple was trying to exert political influence to gain an advantage, regardless of party affiliations.
The new US government is against CBDCb (DREX, in Brazil).
The next US Treasury Secretary has stated that he is against the creation of a digital dollar, highlighting concerns about possible impacts on financial stability and citizens' privacy. Despite recognizing the increasing digitalization of the financial sector, he believes that the introduction of a government-issued digital currency could bring significant risks, such as bank disintermediation and excessive centralization. This position reflects a more cautious approach to the adoption of digital currencies by the United States government.
And you, what do you think and think about this subject?
When you feel like a loser, remember James! šš¾šš¾
MAN LOST HARD DRIVE WITH 742 MILLION EUROS IN BITCOIN
The case of James Howells came to the fore a few years ago when he began a project to search for his hard drive in a landfill. The man was looking for the hard drive because it contained 742 million euros in bitcoin.
Howells' search has been ongoing since 2013, but has been unsuccessful. So much so that, now, after coming very close to multiplying the initial eight million euro value by 100, a judge ruled that the man has no realistic chance of finding his hard drive. Because of this, he closed the case after years of controversy citing lack of reasonable grounds and possible violations of environmental laws.
You could tell that the unlucky one here is you lol
Anator
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I was holding XRP for two years, I bought it at 0.80$. After I bought it the price suddenly dropped immediately and never go up again. As recently I decided to sell XRP at 0.65$ the price of XRP suddenly surged up to 3$ until now. Sharing my experience after I sold XRP I decided to go all in on SOL. I bought it at 260$ suddenly the price dropped dramatically. I am still holding Sol until now but the price never go up. I really wonder why I have the power to slump the crypto price. Any Sol holders wanted the price up please let me know I think if I still holding the price will never go up again. $SOL $XRP #SOLVLaunchOnBinance #XRPHits3
I left Pepe a while ago. Good luck to those who stay! It was the best thing I ever did.
lojkiojhui
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801.6 BILLION PEPE TOKENS WORTH $13.53 MILLION BOUGHT BY A CRYPTO WHALE š In a massive show of confidence in the $PEPE token, a crypto whale has made a staggering purchase of 801.6 billion PEPE tokens, worth a whopping $13.53 million! 𤯠This massive purchase sent shockwaves through the crypto community, with many investors noticing the whaleās bold move.
The purchase was made on the Binance exchange, and itās worth noting that this is the second major PEPE purchase made by the same whale in 27 hours. The first purchase was equally impressive: 1.082 trillion PEPE tokens worth $18.53 million! š As this accumulation continues, get ready for a massive surge, trade now! $PEPE This massive purchase has generated excitement among PEPE investors, with many expecting whale confidence in the token to translate into a significant price increase. Will this massive purchase be the catalyst for a PEPE rally? Only time will tell! š
#Xrpš„š„ Wait for XRP to go down a bit before buying, lol, it's too late to wait for it to go down, the trend is to keep going up. Now is the time to buy š„š„š„š„
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