CFO Segal said they prefer less volatile assets. Twitter has already integrated bitcoin into various features of the social network.

Twitter CFO Ned Segala highlighted that they would not invest money linked to the company in bitcoin (BTC). According to the executive, making that move does not make sense right now since they would have to change their investment policy and find ways to acquire more volatile assets.

The representative also indicated that Twitter prefers to keep less volatile assets on its balance sheets, such as cash, trade receivables, and short-term investments.

Segal, the current CFO of Twitter, told The Wall Street Journal newspaper there is a different set of decisions that the social network would have to make if they were about to hold cryptocurrencies on their current balance sheet.

Seagal’s position towards bitcoin contrasts with Twitter CEO Jack Dorsey because the chairman is a recognized enthusiast of the leading cryptocurrency.

Dorsey recently announced that he is experimenting with digital mining. Specifically, when it comes to mining with Compass Mining, a service that hosts, supplies, and operates cryptocurrency mining equipment for individuals.

The co-founder of Twitter has claimed that bitcoin has enough potential to create a new financial environment with improved infrastructure. The co-founder of Twitter thinks Bitcoin could create a more inclusive and comprehensive network suitable for communities underserved by the traditional financial system.

Twitter has Already Integrated Bitcoin to its Platform

Although Twitter does not want bitcoin on its balance sheet, it does use the first cryptocurrency in various operations connected to the social network.

Since last September, bitcoins can get sent and received through an integration with the Strike application. The new model is only available on Apple’s iOS operating system.

Additionally, Twitter announced this month the formation of a new team of specialized developers to explore and work on the space of decentralized applications and cryptocurrencies.

The company said they are currently evaluating all the possible ways to incorporate decentralized technologies into their products and infrastructure. Short-term projects would also include payment systems that allow content creators to receive cryptocurrencies as payment.

Twitter also touched on their increasing interest in exploring the areas of identity, property, and digital communities and invited developers interested in joining Twitter Crypto to get in touch.

Tess Rinearson is an engineer specializing in blockchain networks who has led projects for Interchain, Cosmo, Tendermint Cor and took part in BlueSky, a project underpinned by Twitter that focused on building decentralized social networks.

On the other hand, The CEO of the social network, Jack Dorsey, said last September that decentralized networks such as Bitcoin would improve the security of Twitter. He also highlighted that the social network aims at blockchains so that the content exists forever in the nodes connected to the network.

Recently, information got disclosed about a possible beta version of a bitcoin tipping system within the Twitter application. The new leader of Twitter Crypto confirmed that they would be working with the incorporation of this system

By: Jenson Nuñez

Shiba Inu gained popularity after its launch, which has led to optimistic news like an investment of USD 1,150 million from an anonymous person. The downward trend would extend for at least seven more days since the selling sentiment is still growing.

The price of Shiba Inu (SHIB) is experiencing a steep decline after hitting a new all-time high driven by various fundamentals. Multiple cryptocurrency exchanges have included the meme cryptocurrency, and someone has mysteriously invested USD 1.15 billion.

SHIB is currently trading at around USD 0.00004882 and has accumulated a loss of 3.9% in the past week. Its trading volume is above USD 2.32 billion, and its market capitalization is about USD 26.7 billion, according to CoinGecko.

Some Fundamentals That Could Support Shiba Inu

The popularity the Shiba Inu token gained within a few months of its launch has led to optimistic news about it this month. One of the most prominent events was the abovementioned investment of USD 1,150 million from an anonymous person last week.

In addition, multiple exchanges have also considered listing the token on their platforms, among which is Robinhood. However, they recently commented that they are in no rush to list the token. Even though their competition has already included SHIB on their platform, it would not be surprising if they also do so soon.

There are sufficient grounds to drive the price of SHIB higher once again. They include a chain of movie theaters, known as AMC, which will accept the token as payment for its services. However, the CEO of that company stated that this would only happen for a short period of 2 to 4 months long.

Shiba Inu seems to be doing well, but nobody knows what has caused such a sharp drop. To better understand what might happen to the value of SHIB next, it is necessary to read the following analysis.

A Preview of the Price of Shiba Inu

The price of cryptocurrency meme Shiba Inu hit a new all-time high on October 28^th. However, that event triggered a strong correction that has not ended yet. For that reason, there are chances of finding investment opportunities even with the market in the red.

Analysts said that the downward trend would extend for at least seven more days since the RSI suggests the selling sentiment continues to grow. Besides, the bulls are currently absent to defend the nearest support at USD 0.00004713. It is also possible to see that more easily in the low volume of transactions.

On the other hand, a scale of correction in 4 hours already reached and broke multiple supports marked by the Fibonacci Retracement. However, there is one last level to watch, which analysts expect the bulls to defend to change the trend of SHIB.

At this point, that relevant support is standing at USD 0.00004085, where the bulls will have to defend the price to avoid falling to extreme levels.

The market remains bearish, so investors should take precautions not to suffer dramatic losses. The reason for that is that the candlesticks are below the ENV channels and below the 20-period EMA.

By Alexander Salazar

A well-known analyst projected that the price of Solana could skyrocket 88%

Solana has been on the rise recently and it is not surprising as multiple arguments support the rise of the token. It should be noted that important collaborations were also observed in the asset blockchain; where one of the most recent and outstanding of the week expresses that Brave, the browser that allows crypto mining, will use the Solana blockchain.

The CEO of Solana Labs, Anatoly Yakovenkoste said that this event will be a change in the Internet, which will allow a high number of users to enter as Web3. It should be noted that analysts predict that its price may increase at any time.

CoinMarketCap recently published that the SOL token is trading at USD 245.58, in addition to increasing 3.78% in just 24 hours. It also gained 0.77% in the last week.

Some fundamentals that make Solana soar higher

The rise in the SOL token is due to different factors; One of them is that a group of users from the crypto community is following Solana so that she has more notoriety in the ecosystem.

Mainly, this is due to the Solana properties, which stand out against Ethereum by far. First, the SOL blockchain can perform up to 50,000 transactions per second, simultaneously, in addition to having lower fees than the Ether cryptocurrency.

Its properties, plus multiple events and associations caused the token to fire. Some of them are the following:

Solana Ventures and the Reddit co-founder will invest in social media projects and Web3.

Popular mining browser Brave will employ Solana’s blockchain on its platform and allow more than 20 million users to use Web3.

On the other hand, Akash Girimath, the FXStreet analyst, forecast a rise of about 88% for SOL, which means that it could rise above USD 400 and that it is also the crypto with the most upside potential for November.

This could be a fascinating investment opportunity that should not be missed.

Today’s daily preview

In the daily season, analysts noted a healthy trend that continues to rise for several weeks. Even so, traders clearly observe sales, as they must take profits to reinvest at a lower price. For that reason, they are small corrections in the asset.

Currently, the price of the SOL token rejects the 20-period EMA; which is on par with the middle margin of the ENV channels and acts as a support for the asset. Therefore, it would not be surprising if the trend continues to rise for the following days of this month.

Right now, the key resistance is between USD 250 and USD 280.

A support to watch is located at USD 226.

However, the price is unlikely to reach this support. In addition, the RSI is pointing north and is located with 62 points; which predicts bullish market sentiment.

By Alexander Salazar

Elon Musk says inflation is championed by those who claim to be progressives. The businessman warns that inflation is the most regressive tax that exists.

Throughout 2021, inflation in the United States of America reached record values, leading to the rise of various concerns about the situation. Elon Musk, the current director of the electric car company Tesla, highlighted his thoughts on the subject via Twitter.

Elon Musk, the third richest chairman on the planet, released a short sentence on the social network that generated more than 76,000 likes. What he put is: “Inflation is the most regressive tax of all, but it is defended by those who claim to be progressives.” In this way, he highlights a political satire about the actual economy.

Responding to a tweet that reveals that the dollar value has crumbled down by almost 90% in the last 70 years, Elon Musk realizes that inflation is due to the impoverishment of the currency. This situation raises their concern about the decline in purchasing power in the face of the unstoppable rise in prices in the United States of America.

Bitcoiner businessman tycoon, who had gained popularity for defending cryptocurrency investment, says that the ideology of progressing as a country and generating inflation at the same time is contradictory. They do not go hand in hand, which is why he holds the government responsible for this economic problem.

Elon Musk used this tweet to attack the rising inflation in the United States of America today. While the price increase index used to be 0 to 2% each year in the territory, in 2021, it managed to surpass 6%.

Argentina and Venezuela surpass the Inflation of the United States of America by Almost 600% and 9,000% More

The price increase index in the United States of America is high compared to previous years. However, the price increase is almost insignificant for Latin America, which got used to living in constant inflation.

Venezuela, Argentina, Brazil, Uruguay, and Paraguay are the only five Latin American countries that exceed current inflation in the United States of America. The rest of the Latin American countries maintain lower values, such as Chile (5.8%), Mexico (6.2%), and Colombia (4.6%).

Bitcoin Got Described as a Solution to Overcome Inflation and Currency Devaluation

Widespread inflation makes people look for hard currencies to maintain the value of their savings, something that reflects in the use of bitcoin. This cryptocurrency, which counts on the highest market capitalization of the ecosystem of digital assets, gets a more bullish position than the dollar.

On the other hand, the dollar has managed to experience devaluation in the long term, while bitcoin has increased by at least 350% in 2021. Several rulers of the United States of America began to collect their salaries in bitcoin, a cryptocurrency that is also popular in Latin America.

Residents of countries like Argentina and Venezuela found in the sale of cryptocurrencies a solution to deal with inflation and devaluation of the local currency.

By: Jenson Nuñez

The Central Bank of Russia stated that a CBDC should get classified as legal tender. If the digital euro becomes legal, it will gain more advantage over other forms of electronic payments.

The Italian economist and member of the board of directors of the European Central Bank (ECB), Fabio Panetta, clarified that the legal tender status of the digital euro, which is the central bank digital currency initiative (CBDC), should not get assumed as a fact without questioning it.

According to Bloomberg, if the digital euro becomes legal tender, it will have a favorable advantage over other electronic methods of payments in Europe, which remain unrecognized as legal tender and are not constantly available to customers as a payment method.

Indeed, if the Central Bank manages to make its digital euro profitable, as well as widely usable, there would be space for more widespread adoption among Europeans.

Panetta had already rejected comments that the digital euro would be a redundant project among the other virtual initiatives that exist and are tools on that continent. In their view, the ECB will ensure that it is ‘attractive enough’ to promote its use.

In the same round, the governor of the Central Bank of Russia, Nabiúllina, stated that a digital currency must have the basis of legal tender, that is, a mandatory basis for merchants.

According to the governor of the Central Bank, there must be a perfect conversion between the forms of money, a situation that could be crucial for the confidence the society needs to trust in this type of money.

Two Years to Understand the Digital Euro

The digital euro is an advanced plan in that continent. At least 30 experts will bring technical advice and support to the BDE for its launch since the institution will study for up to two years everything related to a CBDC.

According to various reports, the BDE has already appointed the members of the Market Advisory Group, where professionals with extensive knowledge of the retail payments market would act in a personal capacity from an industrial perspective.

The ECB detailed that, in the group, there will be room for a representative of the European Commission (EC) and representatives of the national central banks of the Eurosystem. They will meet at least quarterly, beginning their meetings in November.

One of the Many CBDC

The digital euro, which is a project in full swing, is not the only digital currency lingering around Europe. It is just one of many other currencies out there. In the Bahamas, there is already one, fully operating, called Sand Dollar.

In the Caribbean, many cities already have a CBDC named DCash. And Switzerland, for its part, is studying e-krona.

This situation denotes the movement of the European bloc and the entire world, focused on accepting new technologies to commercialize. But, at the same time, it is an attempt to stop the growth of cryptocurrencies, especially Bitcoin (BTC), which is increasingly gaining more ground in the world economy.

By: Jenson Nuñez