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No, XRP (Ripple) cannot be mined in the traditional sense like Bitcoin, as all 100 billion tokens were created at launch and distributed by Ripple. The XRP Ledger uses a different consensus process called Federated Byzantine Agreement (FBA), where independent validators agree on transactions instead of miners.
Explaining further:
Traditional Mining:
In networks like Bitcoin, mining involves solving complex computational problems to validate transactions and create new blocks, being rewarded with new coins.
XRP Ledger:
The XRP Ledger uses a consensus mechanism that does not require mining, but rather the participation of validators who confirm transactions and maintain the ledger.
Pre-mining:
All XRP tokens were created at once and distributed, meaning that no new tokens are being created through mining.
What this means for you:
If you are looking to mine cryptocurrencies, XRP is not the right option for you.
However, you can acquire XRP through cryptocurrency exchanges and participate in the Ripple network via the XRP Ledger, using it for various applications such as faster international transfers with lower fees.
In summary: XRP is not mineable, but it can be used in various ways within the Ripple ecosystem, offering advantages such as speed and efficiency in transactions. $BTC $XRP $SOL
"Bitcoin rises to $116,000 and the Chamber calls on the Central Bank and the Ministry of Finance to discuss BTC reserves"
After Bitcoin surpassed $116,000, the Chamber calls on authorities to discuss a project that creates a strategic reserve of up to 5% of international reserves.
The price of Bitcoin rose more than 5% this Thursday, the 10th, and registered a new all-time high, trading above $116,000.
The executive director of Pandhora Investimentos, Paulo Boghosian, points out that the crypto market as a whole has received significant inflows, driven by Bitcoin and Ethereum ETFs, which continue to attract investors.
In addition, according to him, we are in a moment of greater risk appetite in global markets, with increasing liquidity, which also favors the sector.
Strategic Bitcoin reserve in Brazil Deputy Luiz Philippe de Orleans e Bragança highlights that recently the chief of staff of the Minister and Vice President Geraldo Alckmin, Pedro Giocondo, stated that the country needs to rigorously discuss the establishment of a sovereign reserve of Bitcoin value and, therefore, it is essential to gather the technical opinion of federal authorities on the subject.
"Here is the price of XRP if adopted by SWIFT as a liquidity layer"
Expert projections suggest that the price of XRP could potentially reach triple-digit levels if SWIFT adopts XRP as a liquidity layer.
Many analysts still believe that XRP is trading well below its true value, despite its current price of $2.22 representing an increase of over 300% since November 2024. They argue that the utility of XRP in payments, especially in the international landscape, has not been fully recognized by the market.
Is XRP currently undervalued?
According to these comments, if more institutions start adopting XRP and its full potential is priced in, they expect the value to increase significantly. However, there is widespread uncertainty about how high this utility could elevate the price of XRP.
To further explore this idea, we asked ChatGPT, OpenAI's AI chatbot, to assess what the price of XRP would be if it powered SWIFT's global payment system as a liquidity layer.
In response, ChatGPT provided a multi-model analysis. To contextualize, SWIFT currently handles around $150 trillion in transactions per year. If XRP becomes the main transition currency for these transactions, its price could rise sharply, depending on the model it follows.
Recent News - *Ether Gains Strength*: Ether is showing signs of recovery, with technical indicators and increased flows to ETFs, which could lead to a potential breakout above $2,500. - *Bitcoin Recovers*: Bitcoin jumped to $106,000 after ceasefire bets in the Middle East and rate cuts, showing a significant recovery. - *New Rules for Cryptocurrencies*: Turkey's Ministry of Finance plans new rules requiring crypto platforms to collect data on origin and purpose, with limits on stablecoin transfers.
Trends and Analysis - *DeFi Boosts Assets*: DeFi Development announced a $5 billion line of credit to strengthen the SOL token portfolio, showcasing DeFi's potential. - *Stablecoins Surge*: The market for dollar-backed stablecoins could exceed $2 trillion in the next three years, according to the U.S. Treasury Secretary. - *Bitcoin Beats Inflation*: Legendary American investor Paul Tudor Jones states that Bitcoin should be in every portfolio to combat inflation ¹ ².
Brazil and Cryptocurrencies - *Sovereign Bitcoin Reserve*: A Brazilian congressman requested a public hearing to discuss the creation of a sovereign Bitcoin reserve in Brazil. - *B3 Launches Futures for Solana and Ethereum*: B3 launched new futures for Solana and Ethereum for Brazilian investors, expanding cryptocurrency investment options.
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"Crypto Morning: White House to Reduce Tariffs and Bitcoin Rises Strongly with Easing Economic Concerns"
Bitcoin regained strength after reports that the White House signaled a more targeted approach to the tariffs set for April 2.
Bitcoin (BTC) regained strength on Sunday and rose after reports that the White House signaled a more targeted approach to the tariffs announced for April 2, confirming that it will likely exclude specific sector tariffs but will still implement "reciprocal tariffs" on key trading partners.
The crypto market showed greater gains following reports from Bloomberg and the Wall Street Journal on Sunday afternoon, indicating that the Trump administration is refining its tariff strategy.
This shift from a broader tariff implementation to a more selective approach helped alleviate concerns about a possible immediate economic disruption.
Previously, market fears revolved around Trump's statement that April 2 would be "Liberation Day," when he planned to impose widespread tariffs on various sectors.
Citing statements from Treasury Secretary Scott Bessent made last week, the WSJ reported that the government intends to apply tariffs to about "15% of nations with persistent trade imbalances with the U.S."
This comes after projections from the Federal Reserve last week, which indicated the maintenance of interest rates. Two weeks earlier, the Consumer Price Index showed a slowdown, marking 2.8% in February — a signal that some investors interpret as easing financial conditions.
Although tariffs do not directly affect Bitcoin or crypto market prices in the short term, Zach Pandl, head of research at Grayscale, previously stated to Decrypt that Trump's trade policies are part of a broader trend, with Bitcoin being "involved in macroeconomic uncertainty."
"Federal Revenue makes changes to Income Tax 2025 for those who hold Cryptocurrencies"
The Federal Revenue of Brazil (RFB) held a live session on the afternoon of this Wednesday (12) to inform about the new rules of the Income Tax for 2025. The change affects cryptocurrency investors.
One of the highlights presented is the addition of a new field in the declaration of investments in cryptocurrencies and other assets made abroad.
The declaration is mandatory for those who made investments abroad, under law 14.754/2023.
Starting his speech, José Carlos da Fonseca, tax auditor of the Federal Revenue, noted that law 14.754 has already had impacts. This is because before it, Brazilians who had investments abroad were required to pay taxes in the following month, but the payment has now become annual in the declaration.
One of the changes presented was the addition of a new field in the cryptocurrency declaration.
According to the RFB, about 43.2 million Brazilians declared their Income Tax in 2024. For 2025, it is expected that the number will rise to 46.2 million, despite the limit having increased from R$ 30,636.90 to R$ 33,888.00.
Given this information, it can be estimated that about 2.3 million people are making investments abroad.