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The Ethereum Foundation, a profit organization that supports Ethereum and its associated technology recently revealed that they sold 1,700 ETH in exchange for USD Coin (USDC). According to Scopescan a data provider the foundation converted approximately $2.76 million worth of ETH into USDC through an Uniswap transaction. This information has been confirmed by Arkham Intelligences data. CoinMarketCap shows a decrease in the value of Ethereum with a 0.56% decline in the last hour a 3.8% drop over the past day and a 6.66% decrease over the week. While it is not certain if this sale directly caused the price dip it is worth noting that Ethereums value continued to decline after the transaction took place. Many individuals on Twitter have expressed concerns about this move as it may be seen as a signal. Some question why the
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El Salvador, the first country to adopt Bitcoin as legal tender, has announced a new initiative called “Adopting El Salvador Freedom.” In partnership with stablecoin company Tether, the government is offering foreigners the opportunity to acquire a Salvadoran passport in exchange for paying $1 million in Bitcoin. However, the move has been met with controversy and slow adoption among citizens, who have preferred to stick with cash rather than embrace the cryptocurrency.
The decision to adopt Bitcoin as legal tender was made in 2021, and businesses were mandated to accept it as a form of payment. The country also introduced a digital wallet called “Chivo” and offered citizens a $30 sign-up bonus in Bitcoin to encourage participation. Despite these incentives, the majority of citizens still prefer using cash. President Nayib Bukele’s decision to invest millions of federal funds in Bitcoin backfired, as the cryptocurrency’s price fell significantly from its all-time high in November 2021.
While El Salvador’s Bitcoin adoption faced criticism and skepticism internally, it became popular with international Bitcoin enthusiasts. The country’s commitment to cryptocurrency attracted tourists, including influential figures in the Bitcoin community. The decrease in crime rates, caused by Bukele’s controversial policy of incarcerating alleged gang members, further encouraged supporters of Bitcoin to visit El Salvador.
El Salvador’s new initiative, announced on Thursday, marks a new phase in the country’s commitment to Bitcoin. President Bukele claims that his Bitcoin investment has turned profitable due to a recent price rally. The partnership with Tether, an affiliated company of Bitfinex, appears to be a long-standing collaboration. Tether, the world’s leading stablecoin, has faced criticism for its lack of transparency and offshore jurisdiction. The new visa program seeks “visionary individuals” and high-net-worth investors, who are required to make a one-time payment of $1 million in Bitcoin to obtain a Salvadoran passport.
Read the original article on Fortune.com
Making money online from the comfort of your home has become increasingly accessible with the growth of the internet and digital technologies. In 2023, there are numerous realistic ways to earn money online. Here are 30 ideas to get you started:
1. Freelance Writing: Offer your writing skills on platforms like Upwork or Freelancer to create blog posts, articles, or website content.
2. Content Creation: Start a YouTube channel, podcast, or blog to share your expertise or passion and monetize through ads, sponsorships, and affiliate marketing.
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16. Online Consultations: Offer consulting services in your area of expertise through video calls.
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18. Online Fitness Coaching: Become an online fitness coach and offer workout plans and guidance.
19. Virtual Events: Host webinars, workshops, or conferences on topics you're knowledgeable about.
20. Podcast Production: Offer podcast editing, production, or consulting services.
21. Remote Transcription: Transcribe audio and video files for clients.
22. Online Translation: Offer translation services if you're proficient in multiple languages.
23. Affiliate Blogging: Create a niche blog with affiliate marketing as the primary revenue source.
24. Online Art Sales: Sell your artwork, crafts, or digital art on platforms like Etsy or Redbubble.
25. Remote Bookkeeping: Offer bookkeeping services for small businesses from home.
26. Digital Marketing: Provide digital marketing services like SEO, PPC, or social media management.
27. Online Gaming: Stream your gaming sessions on platforms like Twitch and monetize through ads and donations.
28. Virtual Assistant Coaching: If you have experience as a VA, offer coaching services to aspiring virtual assistants.
29. Online Research: Conduct research for businesses or individuals in need of specific information.
30. Online Real Estate: Invest in virtual real estate, such as domain names or digital properties, and sell them for a profit.
Remember that success in making money online often requires dedication, patience, and the ability to adapt to changing trends. It's essential to research and choose the opportunities that align with your skills, interests, and long-term goals.
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