💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
It’s all about Elon Musk as Crypto Twitter provides the backdrop to an ongoing battle between Bitcoin hodlers and the “Dogefather.”
“Elon Musk must be an outstanding technical analyst. His “Tesla has not sold any Bitcoin” tweet was posted exactly at Bitcoin’s key technical level, the 61.8 fib ($42,845).”
In other trending Bitcoin News today: Top Trader Says He’s Bullish on Two Underrated Altcoins, Unveils Big End of Year Target for Bitcoin!
A high-profile crypto trader is sharing his two under-the-radar altcoin picks and his BTC bull market end-of-year prediction.
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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:
💥💥💥”#Bitcoin is designed to do 1 thing, kill central banks. Its hard-coded in the Genesis Block this very reference. It’s designed elegantly to kill CB’s. When CB’s are killed global energy usage goes from 160K terawatt-hours cut by 3 quarters.”-@MaxKeiser
— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) May 16, 2021
To clarify speculation, Tesla has not sold any Bitcoin
— Elon Musk (@elonmusk) May 17, 2021
https://cointelegraph.com/news/banking-system-consumes-two-times-more-energy-than-bitcoin-research
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Tether Makes First $100M Investment in Agriculture and Food Sector
In a significant diversification move, Tether, the company behind the world’s most widely used stablecoin, USDT, has announced its first-ever investment of $100 million in the agriculture and food sector. This marks a new direction for Tether, which has traditionally focused on blockchain and cryptocurrency-related ventures.
Tether’s $100 million investment is aimed at supporting sustainable agriculture initiatives and enhancing food production efficiency through the integration of technology. According to the company, this move is part of its broader strategy to invest in industries that can benefit from innovation and technological advancement, while also supporting global sustainability efforts.
The decision to enter the agriculture and food sector reflects Tether’s recognition of the growing importance of food security and sustainable agricultural practices, especially in the face of climate change and population growth. With the global food system under increasing pressure, technological innovations in agriculture are seen as a key solution to improving food supply chains, reducing waste, and increasing productivity.
Paolo Ardoino, CTO of Tether, emphasized the company’s long-term vision, stating that this investment will help bridge the gap between traditional industries and the digital economy. “We see immense potential in leveraging technology to transform the agriculture and food industry. This investment represents our commitment to supporting projects that will have a lasting impact on the world,” said Ardoino.
While the exact details of the specific projects or partnerships involved in the $100 million investment have not been disclosed, Tether’s foray into this sector is seen as part of a broader trend where blockchain-based companies are increasingly looking at real-world industries to apply their technological expertise.
Tether’s move signals that stablecoin issuers may be looking beyond digital assets for growth, exploring how blockchain technology can be integrated with industries like agriculture to create more resilient and efficient systems. This strategic shift could pave the way for further investments in similar sectors, helping to drive technological innovation in the global economy.
