The writing is on the wall people. I don't make this stuff up. With Bank adoption and now this? I'll be seeing you folks on the moon... CRYPTOCURRENCY NEWS Serbian Prince says any Arab country could adopt Bitcoin ‘sooner than we think’ Ana Nicenko24 hours ago 2 mins read As the crypto market grows exponentially around the globe, along with interest in digital currencies, its more distinguished proponents are expressing optimism that some of the Middle Eastern monarchies might soon recognize the opportunity it offers. One of these famous crypto supporters is Filip Karadjordjevic, the Hereditary Prince of Serbia and Yugoslavia, who suggested that some of the countries in the Middle East, such as Jordan and the United Arab Emirates (UAE), among others, could soon adopt Bitcoin (BTC), as he said on a Bitcoin Reserve podcast on July 6. According to him, most of these monarchies use the Sharia law that, among other things, entails a specific financial system that doesn’t recognize the concept of debt. Therefore, they might be open to accepting a pitch for Bitcoin as the perfect money in line with this system. “According to their readings, to the Quran, is actually that Bitcoin is their perfect money. It’s just a matter of time until someone pitches that to them, or they pitch it to themselves, and they get on board. Maybe you’ll see an Arab monarchy or an Arab country here or there adopting Bitcoin a lot sooner than you think.” The Middle East shows interest in crypto As it happens, some of the countries that the Serbian Prince mentioned have previously shown interest in crypto. In fact, Chainalysis data has revealed that the Middle East is one of the world’s fastest-growing crypto marketplaces, accounting for 7% of worldwide trade volumes. Related Mt. Gox close to repaying its creditors; Why it’s not good for Bitcoin?Bitcoin on track for biggest weekly gain in 9 monthsCelsius is a ‘Ponzi scheme’, ex-employee alleges in a new lawsuit With this in line, back in December 2021, Finbold reported on the plans of one of the UAE’s sovereign wealth funds, Mubadala Investment Company, to invest $240 billion in the crypto ecosystem, expressing confidence about such investments. In mid-March, cryptocurrency exchange Binance was granted a Virtual Asset License allowing it to do business in Dubai or, more specifically, provide limited exchange goods and services to pre-qualified investors and professional financial service providers. More recently, in late April, another crypto exchange – Kraken – received permission from the local authorities to establish a regulated crypto trading platform in the UAE, with regional headquarters in Abu Dhabi.
Wait, crypto almost universally adopted, according to you pundits, yet nothing went to the moon. How come?
LOL what do you expect? 1 huge ass green candle to appear after I post an article? Get out of here. It's traders like you who the whales in the market feed on
%% LOL\ sounds like a pump + dump article that needs s more more dumb buyers that like cryptoCr*p or bit cons.........................................................................................
Benzinga are the ultimate shills/pimps/paid pumpers . The guy that owns it is a hustler from day 1 check out this nonsense from them . Their definition of sucker money flowing to con men . "Volatility, however, is not that deplorable per se. A key part of this process is understanding what volatility in crypto markets means—what signals it sends and what it responds to. Besides learning what is possible in this new ecosystem, investors and entrepreneurs are also learning what isn't, and why some of the lessons learned must transcend the technology sector. As a bonus, price swings convey valuable information to founders and investors, especially during the startup's crucial adolescent phase."
%% LOL\ How would i know that?? Phyliss S, that founded Eagle Forum laughed + said ''men are easily fooled by a skirt'' I'm still reading up on tax cheats cons like bit cons\ cypto cr*p crypto; learned to day the trigger is 25% unreported AGI= criminal IRS division One exception to that if self employment jumped that much in a quarter have to wait 'till close to end of year to really find out what you owe in estimated federal taxes; i tended to over pay a bit/LOL to avoid the IRS agents rai ing my home with guns .LOL
A big risk is the European union temp-banned BTC due to radical clean energy policies. Ironically, look at the hypocrites now, they just switched back to spinning up all those coal factories. Ahahaha! Hypocrites... every one of them.