THE Department of Agriculture (DA) stated on Tuesday that the P20-per-kilo subsidized rice initiative will utilize the contingency fund of President Ferdinand R. Marcos, Jr. The Office of the President has permitted the allocation of P5 billion from its contingency reserves to Food Terminal, Inc. (FTI), which will distribute rice purchased from the National Food Authority (NFA) to local government units (LGUs) and the Kadiwa network of government-supported agricultural markets, Agriculture Secretary Francisco Tiu Laurel, Jr. mentioned at a press briefing. The FTI will allocate P4.5 billion for procuring the rice, while the remaining P500 million will be utilized for…
Autore: wsjcrypto
“`html Ethereum’s weekly All Core Developer meetings can be overwhelming, so this “Checkpoint” series aims to provide succinct updates approximately every 4-5 calls, contingent on developments in core design. Review the previous summary here. tl;dr: The last month focused on solidifying the outline of the Fusaka enhancement and final deployment particulars for Pectra. The Pectra upgrade is set to launch on mainnet in nearly a week, after which attention will pivot to Fusaka testing and determining what will be incorporated into the Glamsterdam upgrade (in other terms, the “outline” of the upgrade). A new All Core Developer (“ACD”) meeting format…
“`html Essential insights:Bitcoin’s valuation stabilizes as the market anticipates President Trump’s 100-day address.Since April 22, over $4.7 billion in BTC has been extracted from exchanges, decreasing supply and enhancing price responsiveness to demand.Trump’s clarification on crypto policies could ignite a BTC rise, but tariffs might limit increases.Market participants state Bitcoin needs to surpass crucial barriers above $95,000 to maintain its upward trajectory toward $100,000 and higher.Bitcoin’s (BTC) price is stabilizing within a narrow range between $91,700 and $95,850, in anticipation of Trump’s 100-day celebratory gathering.BTC/USD daily chart. Source: Cointelegraph/TradingView Market awaits Trump’s 100-day addressBitcoin holders have adopted a wait-and-observe strategy ahead…
Alex Mashinsky, the originator and previous CEO of the now-defunct cryptocurrency lending service Celsius, confronts a 20-year prison term as the US Department of Justice (DOJ) pursues a hefty punishment for his involvement in a multibillion-dollar scam.On April 28, the DOJ submitted the government’s sentencing brief against Mashinsky, advocating for a 20-year prison sentence due to his deceitful actions, which resulted in billions of dollars lost for Celsius clientele.The 97-page document noted that Celsius clients were unable to access roughly $4.7 billion in cryptocurrency after the platform suspended withdrawals on June 12, 2022.“The Court must assign Alexander Mashinsky a twenty-year…
“`html An innovative study from the Cambridge Centre for Alternative Finance (CCAF) asserts that the United States now leads in Bitcoin mining, wielding control over an impressive 75.4% of the worldwide hashing capability. “The U.S. has reinforced its status as the largest global mining hub (75.4% of reported activity),” states the CCAF, based on a survey conducted among 49 mining companies that account for nearly half of the Bitcoin network’s hashrate. This concentration, amounting to approximately 600 exahashes per second (EH/s) of a total 796 EH/s worldwide, raises an urgent question: Is Bitcoin mining becoming perilously centralized in the U.S.,…
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“`html Greetings! This is Hsiao-Wei and Tomasz collaboratively composing this blog entry. We’ve now been inhabiting our new Co-Executive Director positions for nearly a month. The initial phase is behind us; it’s time to advance. A Period of Transition and Possibility Ethereum has always represented a voyage: a perpetually transforming ecosystem fueled by individuals who envision crafting a more open and decentralized world. While the Ethereum Foundation (EF) may have celebrated a decade of existence, it remains open to reinventing itself. This year, EF adopted a fresh leadership model featuring dual Executive Directors. This structure infuses diverse and complementary viewpoints,…
“`html Trusted Editorial material, evaluated by leading industry specialists and experienced editors. Ad Disclosure Ripple’s bold growth plan subsequent to its lengthy legal dispute with the US Securities and Exchange Commission (SEC) is being seen as a conclusive attempt to recover lost traction. Pro-XRP lawyer John E Deaton, a notable voice within the XRP ecosystem, noted via X, asserting, “I concur with Chamath [Palihapitiya]. I also view Ripple’s $1.25 billion acquisition of Hidden Road as perhaps the prime example of the intersection between TradFi and DeFi throughout all of crypto.” Ripple Recovers After SEC Dispute Hidden Road, a leading brokerage…
“`html In spite of the increasing rivalry from new issuers, the stablecoin sector continues to be primarily controlled by a handful of major entities. As per insights from Web3 analytics company Nansen, Tether’s USDt still holds the top position among US dollar-linked stablecoins, even as the competition strengthens.As of April 25, Tether (USDT) commands roughly 66% of the stablecoin market, compared to approximately 28% for USDC (USDC), as reported by Nansen on April 25. Ethena’s USDe stablecoin stands in a distant third place, boasting just over 2% market share.Nansen anticipates that Tether’s dominance will persist even as contenders like USDC…
“`html The power of Ethereum resides in its decentralization — not solely on a technical level, but also socially and structurally. This blog elucidates the EF’s vision, its responsibilities, and priorities as one of the ecosystem’s custodians. We seize this moment as a chance to reaffirm our vision, principles, and values which we persistently uphold as we greet the new management team. These priorities are not a fixed agenda and are mirrored in the strategies outlined by EF’s Co-EDs. By delineating our methodology and concentration, we also aspire to clarify where we channel our efforts — and where we purposefully…