• Senator Ted Cruz has proposed a concurrent resolution that will see vendors in Capitol Hill accept payments in cryptocurrencies.
• Cruz has championed friendly crypto regulations in Texas and has supported the boom of Bitcoin mining activities in the state.
• Cruz proposed an amendment to the $1 trillion infrastructure bill in 2021 to promote the crypto industry.

Senator Ted Cruz has been at the forefront of advocating for the adoption of cryptocurrency in the United States. The Texas senator recently tabled a concurrent resolution that will require vendors in Capitol Hill to accept payments in cryptocurrencies.

Cruz has been a strong supporter of cryptocurrency in Texas, particularly in the area of Bitcoin mining. The senator visited a mining facility in the state last year and pledged to continue advocating for changes that would benefit the crypto industry. He has also proposed an amendment to the $1 trillion infrastructure bill that was being debated in 2021.

The concurrent resolution proposed by Cruz would require the Architect of the Capitol, the Chief Administrative Officer of the House of Representatives, and the Secretary of the Senate to only work with vending machines and contractors that have an option of accepting payments in cryptocurrencies. It is not yet clear how the US Congress will proceed to implement this initiative, but it is a positive step towards the mainstream adoption of cryptocurrency.

Cryptocurrency has grown in popularity in recent years, becoming a viable alternative to traditional payment methods. The decentralized nature of cryptocurrencies, as well as its security features, have made it a popular choice for businesses and individuals alike. By introducing a concurrent resolution that will allow vendors in Capitol Hill to accept payments in cryptocurrencies, Senator Cruz is helping to promote the mainstream adoption of cryptocurrency.

The ultimate goal of this initiative is to increase the accessibility and usability of cryptocurrency, and to bring it further into the mainstream. It is a positive step towards the further adoption of cryptocurrency, and Senator Cruz’s efforts should be commended.

-The Merge, Ethereum’s move from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, reduced Ethereum’s energy usage by 99.95%.
-The Merge could potentially attract more institutional investors to the crypto space, as well as appease regulators who have been concerned about the environmental impact of blockchain networks.
-The Ethereum community will have to wait for the Surge, another upgrade scheduled for 2023, to potentially boost network speed.

The Ethereum network has been a favorite token of investors since it has a market cap of almost 200 billion. While the current price movement is an outcome of retail interest, institutional investments still account for a considerable chunk of ETH’s market cap, and this will only continue to grow. The Merge, Ethereum’s move from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, has been a major development for the blockchain network. This switch greatly reduced Ethereum’s energy usage by 99.95%, from 94 TWh per year down to 0.01 TWh. This could potentially attract more institutional investors to the crypto space, as well as appease regulators who have been concerned about the environmental impact of blockchain networks.

However, some experts are of the opinion that the Merge does not yet solve Ethereum’s scalability issues, and it will take more time for it to accelerate adoption by institutional investors. For this, the Ethereum community will have to wait for the Surge, another upgrade scheduled for 2023, to potentially boost network speed. This upgrade could potentially increase the transaction speed and throughput of the blockchain, thus making it more attractive to institutional investors.

The rise of institutional investors could be a major factor in pushing the Ethereum price higher and reaching $4k in 2023. This will be possible if the network upgrades are successful and the Ethereum community is able to attract more institutional investments. However, this is not a guarantee, as the crypto space is constantly evolving and new advancements can always come up, which could potentially disrupt the price movement. Nonetheless, if Ethereum is able to stay ahead of the curve, then it could reach the $4k price target in the near future.

• FTX, a bankrupt cryptocurrency exchange, has recovered over $5 billion in liquid assets.
• The assets include cash, liquid cryptocurrencies, and investment securities.
• The extent of losses made by customers due to the bankruptcy remains unknown, but the recovered assets do not include any of the $3.5 billion frozen by the Securities Commission of the Bahamas.

FTX, a cryptocurrency exchange, has recently recovered a massive $5 billion in liquid assets from its bankruptcy. The assets, which were unveiled in a US bankruptcy court, include cash, liquid cryptocurrencies, and investment securities. The news of the recovery has been welcomed by customers of the exchange, who had been concerned about the extent of their losses due to the bankruptcy.

Andy Dietderich, an attorney representing FTX, told US bankruptcy judge John Dorsey that the recovered assets do not include the $3.5 billion worth of assets frozen by the Securities Commission of the Bahamas. The regulator had seized the assets at the behest of Sam Bankman-Fried after a hack on the exchange. According to Dietderich, the seized assets mainly include FTX’s native token, FTT, which has tanked in value since the hack.

In addition to the recovered $5 billion, FTX is also planning to sell nonstrategic investments valued at around $4.6 billion. The FTX legal team is currently working out the full extent of the losses made by the customers, though it was initially estimated that the missing funds were over $8 billion.

The news of the recovery has been met with a mixed response from the cryptocurrency community. Many are pleased that FTX is able to recover some of its lost assets, but are concerned about the extent of the losses suffered by customers. FTX had a valuation of $32 billion at the start of last year, but the bear market and concerns over its balance sheet had triggered a rise in withdrawals. This eventually forced the exchange to file for US bankruptcy protection.

The recovery of $5 billion in liquid assets is a good sign for FTX and its customers, though the total extent of the losses remain unknown. The FTX legal team is still working to uncover the full extent of the damages incurred, and the $3.5 billion frozen by the Securities Commission of the Bahamas could have a significant impact on the outcome.

• Meta Masters Guild is a unique metaverse project that aims to bring fun back to the Web 3 gaming space.
• The project has opened the beta phase of its presale, which will remain open for only ten days.
• MEMAG is the native token of the project and its price is expected to appreciate with each presale stage.

Meta Masters Guild is an innovative metaverse project that seeks to bring the fun back to the Web 3 gaming space. With a ‘play and earn’ approach, the project aims to provide an immersive and enjoyable gaming experience that players can enjoy while also earning rewards. The project has recently opened the beta phase of its presale, which provides an opportunity to invest in MEMAG, the native token of the project. The presale will remain open for only ten days, after which the project will proceed into three more presale stages.

The MEMAG token is set to appreciate with each presale stage, providing a potentially profitable investment for those who participate in the presale. The project is being developed with a focus on both play and earn, and is uniquely targeting gamers as well as blockchain enthusiasts with its approach. The games that will be released on the platform will be based around the MEMAG token and will provide a fun and rewarding experience for all players.

The Meta Masters Guild team is composed of industry veterans and experts in game development, blockchain technology, and marketing. The team has built the project with a focus on making the games as enjoyable as possible, while also providing a secure and fair earning experience. The team is also actively engaging with the community, providing updates on the project and taking feedback from players.

The Meta Masters Guild project is set to revolutionize the play-to-earn space, and MEMAG is set to become a top cryptocurrency gainer in 2023. With the presale open for only ten days, now is the time to invest in MEMAG and be part of the Meta Masters Guild revolution.