Gimme The Coin

🌍 El Salvador: A Potential Bitcoin Pioneer in Nation-State Debt Issuance 💡 In the latest edition of Latam Insights Encore, we delve into a bold proposal by Max Keiser, President Nayib Bukele’s cryptocurrency advisor. He suggests that El Salvador could become a trailblazer in nation-state debt issuance by using the funds to purchase bitcoin. This move could position the small Latin American nation as a leader in the evolving bitcoin market. ✅ The recent U.S. presidential election results, particularly Trump's victory, have sparked increased interest in bitcoin and its potential as a strategic reserve asset. Many corporations, led by Microstrategy, have begun acquiring bitcoin for their reserves. Following this trend, Semler Scientific and Metaplanet have also joined the movement. 📈 Keiser's proposal suggests that El Salvador could emulate Microstrategy's approach by issuing debt to expand its bitcoin holdings. This would build on the "1 BTC a day" purchase program initiated by Bukele in March. A recent social media poll indicated that a majority of respondents support this idea.

Should El Salvador issue debt to grow its bitcoin holdings?

🔍 While this proposal is still in the realm of public opinion testing, it could pave the way for other developing nations to follow suit. El Salvador already possesses the necessary regulatory framework and determination to implement such a strategy. The key question remains: will there be demand for a bitcoin-collateralized debt instrument issued by a country? 💪 If Microstrategy's success can be extrapolated to a larger international scale, the answer seems clear: there is a strong potential for yes. El Salvador stands at a crossroads, with the opportunity to lead the way in bitcoin innovation for nation-states.

⚡️ Russia's Retaliatory Strategy Against Western Actions ➡️ Russia has announced its intention to respond to Western governments' plans to use frozen Russian assets for a $50 billion loan to Ukraine. Russian Minister Anton Siluanov stated that Russia would act 'in kind' to the actions of the European Union (EU) and the Group of Seven (G7).

We also have frozen resources of Western investors and Western participants in the financial market, companies,

Siluanov said. He emphasized that the income from these assets would be used similarly to how those countries are using the income from their frozen reserves. 🔄 This statement suggests that Russia may utilize already frozen Western assets under the principle of reciprocity. Russian media reported that nearly $288 billion in Western assets on Russian soil were subject to confiscation, making this a comparable retaliatory action to the estimated $300 billion seized from Russia. 🗣 Russian Foreign Ministry spokesperson Maria Zakharova had previously indicated that Russia would resort to tit-for-tat measures if any actions against Russian assets were taken. She described such actions as an “escalation of economic aggression and an element of a hybrid war against our country.” ⚖️ The legality of using these assets as collateral for the loan has been questioned. Analysts warn that this could create difficulties for the U.S. and push international investors to seek alternatives to avoid confiscation risks. President Putin has condemned these retaliatory actions as

trickery and theft

that will not “go unpunished.”

🚀 Brian Armstrong Supports D.O.G.E. Proposal for Government Efficiency ➡️ Brian Armstrong, CEO of Coinbase, has expressed his support for the Department of Government Efficiency (D.O.G.E.), a proposal aimed at reducing U.S. bureaucratic spending by at least $2 trillion. Co-led by Elon Musk and Vivek Ramaswamy, D.O.G.E. seeks to enhance economic freedom and streamline government operations. 💬 Armstrong described D.O.G.E. as a

once in a lifetime opportunity to increase economic freedom in the U.S. and cut the size of government back to health.

He emphasized the need for measures such as a constitutional amendment to cap government expenditure and the establishment of a sovereign fund for citizens to have a stake in government spending. 🔍 However, the future of D.O.G.E. as an official government entity remains uncertain. Ramaswamy has suggested that complete government agencies could be eliminated, drawing parallels to President Milei's approach in Argentina, where he dismantled several ministries.

➡️ Hive Mining Expands in Paraguay with $20 Million ASIC Investment 🟥 Hive Mining, a data center and cryptocurrency mining company, has announced significant developments regarding its Paraguayan bitcoin mega mining site, which will accommodate 100MW of mining hardware. The company has also disclosed a substantial investment of nearly $20 million in mining ASICs to upgrade its existing equipment. 💰 The investment includes the purchase of 6,500 Canaan Avalon A1566 units, with 500 units arriving this week and the rest scheduled for delivery in four monthly installments from December 2024 to March 2025. Hive’s President and CEO Aydin Kilic emphasized the importance of this acquisition, stating it represents

a significant advancement in our optimized-ROI investment strategy.

The new Canaan miners will replace older, less efficient models, enabling Hive to enhance its mining capabilities. The Avalon A1566 was chosen

based on its superior ROI under both bear and bull market conditions

according to Hive’s statements. 👉 Construction of the Paraguayan mining site has already commenced, with all electrical hardware ordered. Kilic noted,

We anticipate 30 MW of mining capacity, equivalent to roughly 2 EH/s, to come online by early calendar Q2 2025, raising HIVE’s total hashrate to 8 EH/s by the end of calendar Q2 2025.

This announcement alleviates previous uncertainties regarding the project, which had been contingent on final approvals. ⚡️ Despite protests from other mining companies in Paraguay over recent power hikes, which they claimed threatened their economic viability, the government has dismissed these concerns. Many organizations are considering relocating to more crypto-friendly countries like Brazil or El Salvador.

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🚀 Bitcoin Surpasses $90,000: A Historic Milestone 📈 Bitcoin has reached a historic high by surpassing the $90,000 mark for the first time, driven by increased institutional investments and positive regulatory outlooks. This significant rise occurred after the recent U.S. presidential election, where President Donald Trump's victory sparked a bullish trend that saw BTC jump from $75,000 to over $90,000. 📊 On November 12, Bitcoin surged past $90,000, hitting $90,243 per coin just before 4 p.m. Eastern Time. However, this price was short-lived as it dropped back down shortly after. Market analysts attribute this price movement to increased institutional interest, particularly following the U.S. Securities and Exchange Commission's approval of several spot bitcoin exchange-traded funds (ETFs) earlier this year. ⚠️ Despite the optimism surrounding this rally, caution is advised as daily chart indicators show mixed signals. The relative strength index (RSI) is approaching overbought levels at 84, suggesting a potential pullback, while the commodity channel index (CCI) indicates a bearish signal at 220. On the other hand, the moving average convergence divergence (MACD) and momentum indicators are showing strong buying signals, indicating the possibility of further gains towards the six-digit range. 💼 This recent surge underscores the growing recognition of Bitcoin as a key asset in modern investment portfolios. Retail investors are also beginning to enter the market. However, the potential for volatility and the need for a healthy correction remain. Investors must stay informed and adaptable as they navigate this dynamic landscape. Despite the likelihood of a pullback, reaching $90,000 in 2024 is a significant achievement for Bitcoin.

🚀 Is XRP Price Gearing Up For 2017 Like Rally? Here’s The Key Levels To Watch 👀 The market anticipates XRP price to repeat its epic rally like 2017 amid positive market trends, with top analyst highlighting key Ripple price levels to watch. 👉 Read more

🚀 Trump's Crypto Promises: A New Era for Bitcoin? 📈 On November 5, 2024, Bitcoin reached an all-time high coinciding with Donald Trump's victory in the U.S. presidential election. This event sparked discussions about Trump's potential impact on the cryptocurrency landscape. 👉 Earlier this year, Trump made headlines by becoming the first sitting U.S. president to address a Bitcoin conference. His positive remarks about Bitcoin and cryptocurrency left a significant impression on the market.

Bitcoin is not just a marvel of technology… it’s a miracle of cooperation and human achievement.

he stated. 🌍 Trump expressed his desire to position the U.S. as a global leader in the crypto space.

This afternoon, I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world.

⚡️ He also emphasized the importance of affordable energy for crypto mining:

With low energy costs, America will become the world’s undisputed Bitcoin mining powerhouse.

✅ Trump promised significant changes to the regulatory environment for cryptocurrencies. He vowed to replace SEC Chairman Gary Gensler and to dismantle Operation Choke Point 2.0, which he claimed hindered the industry. 🚫 He made it clear that he opposes a government-controlled digital currency:

There will never be a CBDC while I’m president of the United States.

💼 In a bold move, Trump pledged to maintain the U.S. government's Bitcoin holdings:

If I am elected, it will be the policy of my administration… to keep 100% of all the Bitcoin the U.S. government currently holds or acquires into the future.

🗓 He announced plans to establish a Crypto Advisory Council to create transparent regulations for the industry:

I will immediately appoint a Bitcoin and crypto presidential advisory council… Their task will be to design transparent regulatory guidance for the entire industry, and they will get it done in 100 days.

➡️ Trump even offered a pledge of clemency for Ross Ulbricht, the founder of Silk Road:

I repeat my pledge to commute the sentence of Ross Ulbricht to a sentence of time served. It’s enough.

🌍 BRICS: A Rising Global Economic Power 🚀 The BRICS economic bloc is rapidly expanding, with its growing market capacity and influence surpassing traditional global alliances. Russian Deputy Prime Minister Alexander Novak emphasized this at the Valdai Discussion Club, stating that

almost the whole potential of economic growth is concentrated exactly in BRICS countries.

He noted that BRICS nations currently represent 36% of the global economy, compared to 30% for the G7. 🌐 Originally comprising Brazil, Russia, India, China, and South Africa, BRICS has recently welcomed six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. This expansion aims to enhance BRICS' economic and political influence and includes invitations to 13 more countries to join as partners. 💡 To maintain its growth momentum, Novak stressed the need for new investment projects within BRICS. He highlighted Russia's critical role in this context, stating,

It is impossible to close one large country in terms of the global economy. Russia is actually the fourth global economy; it cannot be isolated.

This underscores Russia's commitment to strengthening ties within BRICS as a strategic priority for future global economic expansion.

RTPay: The First Telegram Crypto Card! Claim It Free, Use It, and Join 100 Lucky Winners of $50! If you’re ready to go all-in with crypto, Ready to Pay by Usyk’s team packs a punch! This free card is set up directly in Telegram, letting you pay with crypto anywhere that accepts Mastercard — quick and easy, without extra apps or hidden fees. Cool perk for new users! In December, 100 users will be randomly selected to receive $50 on their card. To enter, simply top up with $10 and make any purchase with Apple Pay or Google Pay. ● Why Ready to Pay is a game-changer: ● No fees, no hassle — ready to use instantly and completely free ● All in one place — keep your crypto payments right in Telegram ● Global reach — works anywhere that takes Mastercard, from stores to online ● Earn as you go — bring in friends, collect RTF tokens, and enjoy cashback on their spending Ready to Pay is Usyk’s way of giving you the winning edge in crypto payments. Get your card, step into the ring, and make every payment count! 💳 Get started here: @RT_Pay_bot

Tether Drops Plan To Build an Official Blockchain As of Now: CEO 🔈 Paolo Ardoino, the CEO of stablecoin issuer Tether (USDT), has quashed the rumours about launching an official Tether Chain. In a post on X, he wrote, “Tether is not planning to build an official blockchain at this time.” In another post on November 4, Ardoino said that the main reason behind Tether not launching an official blockchain anytime soon is that “neutrality is very important.” Instead, Tether has backed the integration of its stablecoin on other networks, working to support for gas fees, he added. 📎 Further, Tether is currently only interested to “partner up with other companies and communities.” The CEO wrote that the company’s motto is “Unstoppable TogETHER,” rather than trying to centralize everything. Tether, on November 1, announced the launch of its Dirham-pegged stablecoin on TON Blockchain. The stablecoin will be made by Tether in a joint venture with Phoenix Group and Green Acorn, as announced at the Gateway 2024 event in Dubai. ⚙️ Additionally, he also emphasized that the company is gearing up to release 2 new products this month, calling it “Tethember.” However, he added later that Tether has pushed back the product launch date, amid US November elections. “Any product/announcement done this coming week would end up likely obliterated by the election noise,” Ardoino wrote.

TON Telegram Wallet to Launch Major Updates Adding Self-Custodial Option ✉️ At The Gateway event in Dubai today, TON announced there will be new updates to its Telegram-integrated crypo Wallet, with numerous features improving user accessibility. Currently, there are over 100 million Telegram users—roughly 10% of the app’s total user base—have signed up for TON Space, marking a major milestone for the platform, said the team in an announcement. 🔗 The updates aim to integrate Ton Wallet’s custodial and self-custodial options, Wallet and TON Space, into a single interface. The move is designed to provide users with a simplified experience, allowing them to navigate between custodial and self-custodial storage options. For developers and users, the wallet update aims to improve access to the TON network’s features. Previously in beta, TON Space is now set to become a permanent, full-featured option. ℹ️ The TON team went on to explain that the integrations will include a range of decentralized applications (dApps), decentralized exchanges (DEX), staking aggregation services, and tools for NFT and Jetton giveaways. These options will give TON Space users access to competitive transaction rates and a broader suite of decentralized services, making the platform a more appealing choice for a wider audience.

🎃 Unlock SEED’s Spooky Codes If You Dare! 👻 This Halloween, SEED YouTube has more than just videos – it’s full of spooky surprises! 🤯 Each video hides a secret code, waiting to be spotted by watchful Seedizens. ℹ️ Keep a close eye on every second, and you’ll see letters pop up on screen. Once you've cracked the code, enter it in the ▶️ Academy Section ▶️ and enjoy your rewards! So, Seedizens, get ready to jump into the videos and search for these hidden letters. You never know what rewards are waiting! 🌈

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FINDING THE HIDDEN LETTERS 👻

Bitcoin Spot ETFs See Record $870M Inflow, BlackRock’s IBIT Leads With $643M 🪙 Bitcoin spot exchange-traded funds (ETFs) in the United States saw record inflows on October 29, totaling $870 million. BlackRock’s iShares Bitcoin Trust (IBIT) led the pack, witnessing a record $643 million inflow, according to data from SoSo Value. 🟡 Daily trading volume for BlackRock’s Bitcoin ETF soared to $3.35 billion, marking its highest level in over six months. This trading spike aligns with Bitcoin’s price rally, which reached $72,390 on October 29—just 2% shy of an all-time high. 💲 According to Bloomberg ETF analyst Eric Balchunas, this volume increase suggests a “FOMO” (fear of missing out) wave, potentially fueled by investors eager to ride Bitcoin’s momentum. In a post on X, Balchunas confirmed, “FOMO confirmed,” referencing data showing a substantial daily inflow of $599.8 million for BlackRock’s ETF.

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Hong Kong SFC to Fast-Track Licensing for Crypto Exchanges, Approvals Expected by Year-End 🌐 The SFC anticipates that the first batch of formal licenses for VATP applicants will be granted by the end of this year. Speaking at the Fintech Week 2024, Dr. Eric Yip, Executive Director of Intermediaries at the the Securities and Futures Commission (SFC) of Hong Kong, outlined the regulator’s strategic initiatives for advancing Hong Kong’s virtual asset trading platform (VATP) sector. 🐰 A core focus for the SFC is expediting the licensing process for VATP applicants with deemed-to-be-licensed status. This fast-track approach will rely on-site inspections and ongoing discussions with senior management and controllers of these platforms, ensuring compliance and transparency. 🔵 The SFC anticipates that the first batch of formal licenses for VATP applicants will be granted by the end of this year. There are 14 crypto trading platforms that are currently under ‘deemed-to-be-licensed’ status as per the SFC website, including Cryptocom and Matrixport. So far only three crypto exchanges have received full license from the Hong Kong regulator.

Bitcoin Developer Peter Todd Responds to Satoshi Claims, Says He’s Not in Hiding 🪙 Longtime Bitcoin developer Peter Todd has faced renewed scrutiny over allegations that he could be the pseudonymous Bitcoin creator, Satoshi Nakamoto. These claims were spotlighted in the recent HBO documentary Money Electric: The Bitcoin Mystery, sparking intense debate across the crypto community. In a recent interview, Todd dismissed the allegations, stressing that the portrayal of him as Satoshi is unfounded. 🔔 He acknowledged that being publicly linked to a figure reportedly controlling a Bitcoin stash worth $74.4 billion had necessitated certain precautions. “I have taken some security measures,” Todd said, though he declined to elaborate, noting that it’s “best to keep the bad guys guessing.” Contrary to recent reports by Wired, Todd asserted he is neither in hiding nor avoiding public life. ⚡️ He recently attended a Bitcoin conference in Lugano, Switzerland, where a statue was unveiled to honor Nakamoto. Todd also shared that he plans to speak at several other cryptocurrency events globally in the coming weeks, underscoring his ongoing involvement in the Bitcoin community.

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Polkadot Developer Platform Launches Embedded Wallet for Seamless Web3 Login 🛡 Apillon, a Polkadot developer tool kit platform, has introduced embedded wallets to streamline the Web3 login experience. Unlike traditional wallet hurdles, the embedded wallet engages with EVM-compatible blockchain using familiar login credentials. 🗣️ Per an official release shared with Cryptonews, the Embedded Wallet SDK will create a Web3 on-ramp by integrating wallets directly into dapps. These “user-friendly” wallets are built on the Oasis Network and bypass the complexities of web3. Further, the solution utilises confidential smart contracts, securely storing user data and private keys with encryption. ℹ️ In short, the feature allows developers to build wallets that permits users to login via mail, passkeys and social accounts. “By delivering a seamless login experience, we’re opening the doors to Web3 for a much larger audience. We aim to break down the barriers that have kept users from using decentralized technologies,” said Matjaž Sobočan, CEO at Apillon.