🚨 Louisiana accepts Bitcoin, Solana unveils the Seeker, Trump buys hamburgers with BTC !
🚨 Louisiana accepts Bitcoin, Solana unveils the Seeker, Trump buys hamburgers with BTC !
Welcome to the Daily tribune of Friday, September 20, 2024 ☕️
Hello Cointribe! 🚀
Today is Friday, September 20, 2024, and like every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you should not miss !
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
Louisiana now accepts Bitcoin for public services ! 💼
Louisiana takes a historic step by allowing its citizens to pay their public services, such as taxes and administrative fees, with Bitcoin and other cryptocurrencies. This initiative aims to modernize public infrastructure, particularly attracting tech-savvy younger generations. By becoming the first U.S. state to allow such payments, Louisiana sends a strong signal to the crypto industry and global regulators, recognizing these assets as legitimate financial instruments. This approach could accelerate the adoption of cryptos on a larger scale and influence other states and governments to follow this example.
Solana unveils a new crypto phone after the success of the Saga 📱
Solana Mobile, a subsidiary of Solana Labs, announces the launch of a second crypto smartphone, the "Seeker", planned for 2025. After a timid start and then the gradual success of the Saga model, the Seeker promises new features, including a brighter screen, improved battery, and an integrated wallet in the secure Seed Vault. This new model has already generated excitement with over 140,000 pre-orders, compared to only a few thousand for the Saga at its launch. Users will also benefit from Genesis NFTs offering exclusive rewards, and the Seeker can collaborate with decentralized networks like Helium to share GPS data. This announcement reinforces Solana's ambition to innovate in the crypto ecosystem by making digital assets more accessible to the general public.
BlackRock sees Bitcoin as a future international reserve currency 🌐
BlackRock, the world's largest asset manager, has released a report suggesting that Bitcoin could become an international reserve currency. The firm highlights the decentralized and stateless nature of Bitcoin, which could make it a viable alternative to traditional currencies, especially in a context of geopolitical volatility and monetary instability. Bitcoin stands out due to its fixed money supply of 21 million units, its independence from governments, and its potential to become a reserve asset amid global economic tensions, particularly those related to the hegemony of the U.S. dollar. BlackRock also emphasizes Bitcoin's impressive historical returns, despite its volatility and its growing role as a safe haven during economic crises.
Donald Trump buys hamburgers with Bitcoin: a publicity stunt for crypto 🍔
On September 18, 2024, Donald Trump made headlines by using Bitcoin to buy hamburgers at a crypto bar in Manhattan, PubKey. This symbolic gesture, captured and shared on social media, demonstrates his growing interest in cryptocurrencies. This initiative is strategically placed as Trump, a candidate for the 2024 presidential election, seeks to attract a young, tech-savvy electorate while reinforcing his image as a candidate in tune with new technologies. Using Bitcoin in a mundane context like buying hamburgers shows that cryptos can be part of daily life. This media stunt could encourage other personalities and companies to adopt cryptocurrency payments, thereby increasing their legitimacy and adoption among the general public.
Crypto of the day: Avalanche (AVAX)
Avalanche is a blockchain that innovates with its multichain architecture, optimized for speed and scalability. One of its major advancements is Avalanche consensus, which allows for fast transaction processing with reduced costs.
The native crypto of the platform, AVAX, is used to secure the network through staking, to pay transaction fees, and to participate in governance. AVAX was initially distributed during an ICO, and holders benefit from advantages such as staking rewards and decision-making power in network development. The AVAX crypto is also used for fast transactions, the development of dApps, and decentralized exchanges.
Current price : €25.47
Variation (24h) : +9.11 %
Market capitalization : €10.88 billion
Rank on CoinMarketCap : #12
The Fed's rate cut sparks the crypto market: The beginning of a new bull run?
The decision of the U.S. Federal Reserve to cut its key interest rates by 50 basis points has led to a real wave of euphoria in the cryptocurrency market. In response, Bitcoin quickly jumped 6%, surpassing $63,000, followed by a widespread rise in major cryptos like Ethereum and Binance Coin. This Fed decision, the first cut in more than four years, has restored investor confidence in risky assets, including cryptos. By making traditional investments less attractive, it has given new momentum to the adoption of cryptocurrencies, especially in a context where accommodative monetary policies favor liquidity and risk. Observers estimate that this dynamic could encourage a broader institutional adoption of digital assets.
However, despite the immediate enthusiasm, experts remain cautious. Jerome Powell, chairman of the Fed, noted that upcoming decisions will depend on economic developments, which casts doubt on the sustainability of this bull run. Furthermore, even though the crypto market has shown signs of recovery, it still faces structural challenges, such as trading volumes still below previous rallies. The overall market capitalization of the sector has also seen a slight decline below $2.15 trillion. The future of the crypto market will depend on the coming weeks…
🔗 Read the full analysis here.
