BITCOIN CONFESSIONS OF A WALL STREET INSIDER | Michael Kimelman Cryptocurrency Interview

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Jack Dorsey, Twitter CEO and founder of payments operator Square, has revealed that Twitter is funding a dedicated team to develop a decentralized standard for social media.

In a series of tweets on Dec. 11th, Dorsey set forth a number of challenges social media networks face in their operations.

These include the shift away from content hosting and removal to recommendation algorithms directing users’ attention, and content that sparks controversy and outrage rather than healthy and informative conversations.

In other Crypto news today:

The Bitcoin price is headed to 7-month low if $7,000 support fails. For the past few days, the BTC price has ranged between $7,400 to $7,100 and it seems bears are keen to push the Bitcoin (BTC) price back below $7,000 before this week closes.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of this standard. 🧵

— jack 🌍🌏🌎 (@jack) December 11, 2019

https://cointelegraph.com/news/why-bitcoin-price-is-headed-to-7-month-low-if-7k-support-fails

https://cointelegraph.com/news/jack-dorsey-twitter-developing-decentralized-standard-for-social-media

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The first publicly available U.S. mutual fund that generally tracks the Bitcoin price has been launched by a $60 billion fund manager.

In a press release this morning ProFunds announced the launch of its Bitcoin Strategy ProFund (BTCFX). This will be the first publicly available U.S. mutual fund that generally tracks the price of Bitcoin.

On the ease of access and mass exposure that this mutual fund will provide, ProFunds CEO Michael Sapir said that “Compared to directly buying bitcoin, which may involve opening a new account with an unregulated party, this ProFund offers investors the opportunity to gain exposure to bitcoin through a form and investment method that tens of millions of investors are familiar with.”

On the increased demand for a Bitcoin mutual fund, Michael Sapir commented it “has become a significant asset class, and our new Bitcoin Strategy ProFund provides investors access to a bitcoin strategy through a mutual fund investment.”

In other trending Bitcoin News today: Record 57K BTC leave exchanges in one day, dropping Bitcoin reserves to pre-crash levels.

Yesterday was the largest Bitcoin net outflow from exchanges since 2016. BTC needs to close above $40,035 today to make 9 green days in a row – the longest streak since May, 2017.

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🔥 Binance – Buy, Sell or Trade Over 400 Altcoins: ► http://binance.cryptonewsalerts.net

🔥 [IMPORTANT] – Secure your crypto with a Trezor or Ledger hardware wallet:

Trezor: ► http://trezor.cryptonewsalerts.net

Ledger: ► http://ledger.cryptonewsalerts.net

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

#Bitcoin game-theory kicking in with America’s hedge funds and political insider-traders. Beautifully, the protocol obviates the need for politicians – so good-bye asshat Liz Warren. $220,000 in 2021 still in play

Buy #Bitcoin, short 🇺🇸 pic.twitter.com/eM2u7lhhO9

— BITCOIN MAXIMALIST (@maxkeiser) July 28, 2021

https://bitcoinmagazine.com/markets/bitcoin-mutual-fund-manager-profunds

It’s On, Elizabeth Warren Triggers Retaliation From The Crypto Community

https://cointelegraph.com/news/record-57k-btc-leave-exchanges-in-one-day-dropping-bitcoin-reserves-to-pre-crash-levels