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Bitcoin has reached a new All Time High, surpassing it’s previous all time high of $69k. Is this due to the Bitcoin ETF, Fed Rate Hikes, or Something Else?
Bitcoin Soars to New All-Time High Above $69K
The success of the spot ETFs which opened for business on January 11 was the catalyst for this latest bull run for the world's largest crypto.
coindesk.com
Market observers say that bitcoin, the world's largest digital asset with a market cap of now well over $1 trillion, stepped into a bull market in mid-2023 when BlackRock, the world's largest asset manager, began the process of filing to list a bitcoin exchange-traded fund (ETF).
This would mark the third bull run for bitcoin, which is driven by the market's acceptance of bitcoin as an institutional-grade asset class via the ETF alongside macroeconomic factors that are going in bitcoin's favor.
BRICS Countries, which now include countries outside the simple acronym, are looking to use digital currencies to compete with the Dollar.
BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report
For some time now, the BRICS grouping has been making efforts to reduce its reliance on U.S. dollars in settlement.
coindesk.com
Last week, another TASS report said Russia’s Finance Ministry, the Bank of Russia and BRICS partners will create the BRICS Bridge multisided payment platform in an effort to improve the global monetary system.
Also in February, Klaas Knot, the Chair of the Financial Stability Board, which keeps an eye on the global financial system, wrote to finance ministers from the Group of 20 (G20) countries that crypto assets, tokenization and artificial intelligence (AI) remain priorities.
Tether Is Central To Crypto: This New Report Dives Into What It Is Truly Backed By:
Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents
Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin.
coindesk.com
Elizabeth Warren Has A New Rival, But Could It Just Be A Waste Of Crypto’s Already Stretched Resources?
Crypto's Political Blunder: John Deaton
John Deaton, A Republican running against Senator Warren, is a huge waste of political capital for crypto and digital asset community.
open.substack.com
Yet, Warren isn't untouchable. Remember, she only managed a third-place finish in the state’s last presidential primary. A self-funded candidate or someone with the financial backing of the affluent business community could seriously challenge the senator."
This strategy carried its risks, but it was perhaps the only viable option if the goal was victory. Targeted advertisements could have criticized Warren from both the left and the right, slamming her for not being pro-business, while also highlighting her decisions detrimental to Massachusetts interests.
Florida Focus:
Rick Scott sees post-Mitch McConnell era as chance to ‘reflect the aspirations of voters’
He stopped short of saying he would make a second try at leading the caucus.
floridapolitics.com
Sunburn — The morning read of what’s hot in Florida politics — 3.5.24
Politics, process, personalities: ‘Sunburn’ tells you what you need to know — now.
floridapolitics.com
Upcoming Events:
Use Code FBBA for 75% Off!
TWC | The World Web3 Conference
Welcome to The World Conference (TWC), our upcoming event that will converge to explore the cutting-edge realms of web3 technology, crypto, and much more.
theworldconference.io
Twitter Spotlight
If You Are In Web3, You Shouldn't Be Giving Your Money To John Deaton, Here's Why: If you are interested in political strategy, and allocating your political resources intelligently, you'll want to read this thread:👇 In what appears to be another misstep in strategy by the… twitter.com/i/web/status/1…— Samuel Armes (Florida Blockchain Business Assoc.) (@samuelarmes) 6:37 PM • Mar 4, 2024
Both Republicans and Democrats have sold out to special interests and their top donors for decades. I’m not beholden to anyone but you. I’ll start cleaning house as soon as I’m sworn in.— Robert F. Kennedy Jr (@RobertKennedyJr) 10:57 PM • Mar 4, 2024
Approaching Max Greed ‼️— Joshua Jake (@itzjoshuajake) 5:28 AM • Mar 5, 2024
Disclaimer: Crypto Flo DOES NOT provide financial advice. All content is for informational purposes only. Crypto Flo is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses. tnisGensl