🚀 Bitcoin ready for takeoff? Arthur Hayes shares a bold prediction!
Welcome to the Daily Tribune Saturday, May 4th, 2024 ☕️
Hello Cointribe! 🚀
Today is Saturday, May 4th, 2024, and like every day from Tuesday to Saturday, we summarize the news from the past 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
🚀 Bitcoin ready to take off with Arthur Hayes' optimistic vision
Arthur Hayes, famous trader, interprets the recent 12% decrease in Bitcoin not as a sign of weakness, but rather as a necessary purification before a soaring rise. This retreat, influenced by the American tax periods and the Federal Reserve's decision expectations, would, according to him, be a favorable omen announcing an imminent stabilization of the price between $60,000 and $70,000. Hayes predicts that after this consolidation phase, Bitcoin could reach new unprecedented heights. 🔗 Read the full article here.
🌐 Crypto: PayPal expands its catalog with MoonPay
PayPal is expanding its cryptocurrency offering with over 100 new options through a partnership with MoonPay. This collaboration aims to simplify the purchase of cryptocurrencies by reducing transaction failures and improving compatibility with traditional banking systems. PayPal hopes to democratize access to cryptocurrencies, increasing the available options, such as Solana and Dogecoin, for its users. This integration effort also emphasizes strengthening users' data security and protection. 🔗 Read the full article here.
🕵️ Edward Snowden - Bitcoin must act quickly for its privacy
Edward Snowden warns the Bitcoin community about the protocol's vulnerabilities in terms of privacy, exacerbated by the discontinuation of the Wasabi Wallet service. He urges developers to integrate privacy protection measures at the core of the Bitcoin protocol to preserve its role as a bulwark of individual freedom against imminent regulatory challenges. Snowden advocates for a proactive approach to ensure users' privacy and financial sovereignty. 🔗 Read the full article here.
🚫 Saylor: 'There will be no Ethereum ETF'
Michael Saylor, CEO of MicroStrategy, predicts that the SEC will classify Ethereum as a \"security\" and reject all ETF applications for this cryptocurrency in the United States, unlike Bitcoin, which has already been accepted as an ETF. Saylor argues that, without the consensus of Proof of Work, any other cryptocurrencies such as Ethereum are just unregistered digital assets and will not see the light of day as an ETF. This prediction comes despite the approval of an Ethereum ETF in Hong Kong. 🔗 Read the full article here.
Coin of the day: Golem (GLM)
Golem is an innovative blockchain platform dedicated to distributed computing, allowing users to rent out their unused computing power to others in need for complex tasks such as CGI rendering, machine learning, or even data analysis.
The platform's native token, GLM, is used to facilitate these transactions, offering a decentralized and cost-effective way to manage large-scale computing needs without traditional intermediaries. GLM holders benefit from the ability to leverage their resources for profits and participate in platform governance by proposing and voting on improvements. The main utility of GLM lies in its ability to create an accessible computing market for everyone, increasing efficiency while reducing costs.
Recent performances of Golem (GLM)
Current price: €0.5627
Percentage increase/decrease: 25.34% (increase in 1 day)
Market capitalization: €562,684,639
Rank on CoinMarketCap: #124
Why was CZ's sentence so lenient?
Changpeng Zhao, also known as CZ, the former CEO of Binance, was sentenced to only four months in prison despite the serious charges against him. This judicial decision comes after Binance agreed to pay a record fine of $4.3 billion for violating the US Bank Secrecy Act. During the two-and-a-half-hour hearing, CZ was portrayed by his entourage and even the prosecutor as a philanthropic individual, a good family man, and a first-time offender, which played in his favor. Judge Richard Jones was particularly influenced by the numerous testimonies of support for CZ, stating that he had never seen so many commendatory letters for a defendant.
CZ was also recognized for his exceptional cooperation with judicial authorities, despite residing in the United Arab Emirates, a country without an extradition agreement with the United States. His unwavering choice to cooperate was praised as a gesture of good faith and reinforces his image as a responsible businessman. Although the judge reminded that his wealth and influence do not place him above the law, this cooperation evidently lightened his sentence. With only four months in prison, CZ could quickly return to his entrepreneurial activities, focusing on large-scale educational projects upon his release from prison. To learn more about the reasons behind this lenient sentence, read the full article on Cointribune.