LATEST: Europe’s Largest Telecom provider Deutsche Telekom Will Mine Bitcoin

Deutsche Telekom, Europe’s largest telecommunication provider, will soon begin mining Bitcoin, according to remarks made by Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom-owned subsidiary T-Systems MMS, at the BTC Prague conference. Röder revealed that since 2023, the company has been running both a Bitcoin node and Bitcoin Lightning nodes, and announced with pride that they will soon engage in what he referred to as “digital monetary photosynthesis,” confirming that T-Mobile will indeed mine Bitcoin.

Deutsche Telekom’s involvement in the crypto space extends beyond Bitcoin. The company has been actively participating in various blockchain projects, including operating nodes and forming investment partnerships with Polkadot, Flow, and Celo. In 2022, Deutsche Telekom announced support for Ethereum by running validator nodes and collaborating with liquid staking protocol StakeWise, even joining its governance DAO. Additionally, Deutsche Telekom runs validation nodes for Polygon and supports the Q and Chainlink blockchain networks. These efforts highlight Deutsche Telekom’s commitment to integrating blockchain technology into its operations and supporting the broader ecosystem.

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LEAKED: Biden Admin to Attend Bitcoin Roundtable With Key Congressional Officials in DC

U.S. Congressman Ro Khanna, representing California’s 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington D.C. in early July, according to a private email sent by Khanna’s Office, seen by Bitcoin Magazine. 

Khanna’s Office described the upcoming meeting as “the most significant meeting between policymakers and innovation leaders in blockchain to date.”

The roundtable is expected to feature officials from the Biden Administration, House, and Senate, alongside American businessman Mark Cuban, according to the email. The primary objective of this meeting is to strategize on how to keep “Bitcoin and blockchain innovation in the United States.”

This…

Read more on BitcoinMagazine

NEW: Coinbase CEO Projects Crypto to Drive 25% of Global GDP in Decade

At the State of Crypto Summit 2024, Coinbase Founder and CEO Brian Armstrong discussed significant advancements in cryptocurrency, emphasizing the potential of their layer-2 solution, Base. Armstrong compared the transition from layer-1 to layer-2 networks to the evolution from dial-up to broadband, highlighting faster transactions and lower costs which he believes will revolutionize global payments and remittances.

Armstrong further underscored crypto’s evolution from just an asset class to a real-world utility tool. With a market cap already exceeding a trillion dollars and over 400 million users, he foresees crypto enhancing activities like voting and social networking. The goal is global adoption, potentially reaching over a billion users, transforming economic interactions through reduced friction and intermediary needs.

Projecting a bold future, Armstrong anticipates crypto facilitating up to 25% of global GDP within ten years. He cited the efficiency of real-time, peer-to-peer transactions that eliminate intermediaries as pivotal. This, he argues, will significantly reduce economic friction and streamline financial interactions on a global scale.

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Notcoin: Market Cap of $2.1 Billion.
  2. Toncoin: Market Cap of $19.3 Billion.
  3. Bitcoin: Market Cap of $1.3 Trillion.

MIDCAP COINS:

  1. Biaoqing: Market Cap of $22.2 Million.
  2. Super Trump: Market Cap of $30.7 Million.
  3. io.net: Market Cap of $507 Million.

RISING COINS:

  1. Mog Coin: Market Cap of $354 Million.
  2. Hoppy: Market Cap of $22.4 Million.
  3. Pepe: Market Cap of $5.1 Billion.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Solana should host the next generation of self-improvement apps 

This cycle’s big innovation probably isn’t memecoins, because they don’t actually solve any real problems. In fact, memecoins might be the culmination of all the bad behavior in crypto that has come before — the final boss of anti-utility. 

Because memecoins, for the most part, make no grand promises. They exist simply to exist, rewarding risky behavior justified only by the one-in-a-million chance of a moonshot. 

But there is one problem this market cycle might finally solve: rewarding self-improvement and the positive impact we make on the world.

We’re already seeing some of this self-improvement in action. 

Move-to-earn apps like STEPN, Walken and Genopets incentivize…

Read more on Blockworks

NEW: Robert Kiyosaki Encourages Buying Bitcoin Amid Rising Prices

Renowned financial educator and author Robert Kiyosaki has recently shared his bullish views on Bitcoin, addressing a common hesitation among potential investors—the price. Kiyosaki, best known for his advice on wealth-building in “Rich Dad Poor Dad,” expressed his frustration over the prevalent belief that Bitcoin is too expensive, arguing that its current value is nowhere near its potential peak.

Echoing lessons from his influential book, Kiyosaki emphasizes the importance of timing in investment decisions. “Your profit is made when you buy, not when you sell,” he asserts, suggesting that the real value of Bitcoin lies in its future growth, not its present price. He encourages people to shift their perspective from the fear of high costs to the opportunities that early investments can offer.

Kiyosaki urges newcomers to the cryptocurrency market to start small, investing only what they can afford without financial strain. He remains confident in Bitcoin’s future, advising that continuous investment, despite the market’s volatility, could lead to significant returns. His message is clear: Don’t miss out on the potential of Bitcoin because of its current price.

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Warren Buffett Bitcoin Skepticism

Warren Buffett, often hailed as one of the most successful investors of all time, has built his reputation and fortune on a keen understanding of traditional market fundamentals.

As the chairman and CEO of Berkshire Hathaway, Buffett has consistently championed value investing, focusing on companies with strong fundamentals, reliable earnings, and competitive advantages.

Warren Buffet’s Bitcoin skepticism contrasts sharply with a decentralized digital currency that has captured the imagination of a new generation of investors.

Buffett’s investment philosophy is rooted in tangible value. He famously avoids sectors and technologies he doesn’t fully understand, which has…

Read more on bitcoinnews

LATEST: Bloomberg Analyst Predicts Spot Ethereum ETFs Trading by July 2

The forthcoming approval of spot Ethereum ETFs by the SEC is stirring excitement within the cryptocurrency community. Set to possibly start trading by July 2nd, these ETFs could herald a significant influx of institutional money, as projected by analysts. The anticipation builds further with Eric Balchunas of Bloomberg suggesting that the light comments on S-1 filings indicate a forthcoming approval. Major firms like BlackRock, Fidelity, and VanEck are among the first in line, poised to capitalize on this opportunity.

Adding to the positive outlook, SEC Chair Gary Gensler hinted at a favorable decision during his recent testimony at a Senate Appropriations Committee hearing. This move aligns with the broader acceptance of cryptocurrency investments, potentially setting the stage for substantial market growth. Estimates by Standard Chartered suggest that these ETFs could attract between $15 and $45 billion in the first year alone.

The implications for Ethereum’s value are significant, with forecasts like those from VanEck suggesting a potential rise to $22,000 per ETH by 2030 due to expected revenue generation. Additionally, QCP Capital predicts a 60% surge in ETH prices post-approval, mirroring the market’s response to Bitcoin’s ETFs. This development not only bolsters Ethereum’s financial outlook but also solidifies its position in the investment mainstream.

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Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. Kryptomon (KMON): 123%
  2. StoryFire (BLAZE): 42%
  3. Blink Galaxy (GQ): 25%
  4. EnterButton (ENTC): 15%
  5. DOSE (DOSE): 12%

$10M – $100M MarketCap:

  1. PepeFork (PORK): 53%
  2. Xend Finance (RWA): 44%
  3. TARS Protocol (TAI): 27%
  4. Biaoqing (BIAO): 26%
  5. Dimitra (DMTR): 17%

$100M – $1B MarketCap:

  1. MANEKI (MANEKI): 17%
  2. BakerySwap (BAKE): : 15%
  3. Ecomi (OMI): 10%
  4. Doland Tremp (TREMP): 10%
  5. Rollbit Coin (RLB): 10%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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