🪙 Florida invests $800 million in cryptocurrency. Florida CFO Jimmy Patronis said the state has about $800 million in cryptocurrency investments on its balance sheet. He added that he wouldn't be surprised to see that amount grow in the near future if Donald Trump wins the US presidential election.
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📊 China is increasing its debt. From November 4 to 8, the disclosure of information on fiscal stimulus in China is expected. It is expected that Chinese provinces already have debts of more than $800,000,000,000 💸, and there is a high probability of defaults. All this will ultimately lead to an increase in inflation 📈, since China will have to stimulate these debts from the federal budget. The growth of inflation is equal to the growth of the cryptocurrency market. Overall, the news is positive for the crypto market 🐂
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🔹 Ryan Berckmans, a member of the Ethereum community, believes that Solana will not be able to become a global blockchain standard. He gives 5 arguments: 1. Lack of client diversity: Solana does not have a wide range of users. 2. High bandwidth requirements: Solana needs very high bandwidth, which can be a problem. 3. Outages: Solana has already faced several outages. 4. Lack of economic decentralization: Most of the Solana coins are in the hands of a small number of people. 5. Limited decentralization: Solana does not promote maximum decentralization and neutrality in terms of trust. What did we expect? That an ETH community member would praise Solana? 😄
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