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Robert .F. Kennedy Jr, a presidential aspirant in the upcoming US 2024 elections, had not minced words when he called sitting president Bidens proposed 30% tax on cryptocurrency mining a Bad Idea.

Robert, who believes cryptocurrencies led by Bitcoin and its technologies are a major innovation engine, also stated that it is a mistake for the US government to drive this new technological innovation elsewhere.

A report from the official website of the Whitehouse dated May 2, 2023, had earlier headlined the DAME Tax, which sees to it that crypto miners, including corporate mining companies, pay for the costs they impose on others. While this update had stirred reactions from the crypto community, Robert Kennedy Jr has had more to say about this development.

The US government under Joe Bidens administration had earlier raised energy concerns and costs pertaining to crypto mining in the country.

According to a Whitehousereport, the amount of electricity used in the sector in the United States in 2022 was allegedly close to the amount of energy used to power all home computers or residential lighting in the country.

The US government claims that crypto miners allegedly use a high amount of energy without paying for the costs and impacts their activities impose on others. This cost is experience, according to the U.S., in the form of environmental pollution and higher energy prices.

That is why the US government proposed the Digital Asset Mining Energy (DAME) tax to make crypto mining firms accountable for their energy usage by making tax payments equal to 30 percent of the electricity costs they use in mining cryptocurrency or digital assets.

In addition to the above, Robert Kennedy stated that while the use of energy and its concerns are somewhat overstated, Bitcoin mining consumes almost the same energy as the video game industry, but no one calls for a ban on this sector.

Robert F. Kennedy Jr holds the view that the energy and environmental impact narrative pushed forward for Bitcoin is only a Selective pretext to suppress anything that threatens elite power structures.

A diverse ecosystem is a resilient ecosystem, the presidential candidate said. And that the US economy would be more resilient if it had more structures, such as a diverse ecology of currencies and not just a centrally controlled one.

Kennedy also linked the drawbacks of a centralized system to the fragility and present crisis of the economy.A key statement that stood out from Robert Kennedys tweet is, We need Cash and Crypto to ensure freedom.

Featured image from Istock, chart from TradingView.com

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Biden's Proposed 30% On Cryptocurrency Mining Is A Bad Idea - Bitcoinist

Alex Dovbnya

Amid ongoing legal challenges with the U.S. Securities and Exchange Commission (SEC), top legal experts from Ripple and Coinbase convened at an offsite meeting to discuss pressing issues in the dynamic cryptocurrency landscape

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The top legal minds at Ripple and Coinbase recently connected at an offsite meeting to discuss matters in the rapidly evolving crypto space. Ripple's Stuart Alderoty expressed his appreciation for Paul Grewal, Coinbase's Chief Legal Officer, taking the time to meet with the Ripple legal team. In response, Grewal tweeted his gratitude for the invitation and suggested more frequent meetings in the future.

Both Ripple and Coinbase are currently navigating legal challenges with the U.S. Securities and Exchange Commission (SEC).

Ripple was slapped witha lawsuit in December 2020, in which the formidable regulatoralleged that the company had conducted an unregistered securities offering by selling XRP tokens.

The ongoing legal battle has drawn significant attention from the cryptocurrency community and raised questions about the regulatory framework surrounding digital assets.

In the post, he emphasized that Coinbase has not listed securities and seeks a clear regulatory framework from the SEC to do so in the future. He also stated that while Coinbase does not relish litigation against the SEC, it will defend itself and uphold the rule of law for everyone.

It is worth noting that Coinbase delisted XRP, the cryptocurrency associated with Ripple, following the SEC's lawsuit. It is unclear whether the controversial token will return to the largest American cryptocurrency exchange.

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Ripple's and Coinbase's Top Lawyers Hold Discussion at Offsite Meeting - U.Today

Published: May 3, 2023 at 8:44 a.m. ET

Some bets dont pan out. This one didnt come close.

Balaji Srinivasan took to Twitter to say hes made $1 million in donations and paid $500,000 to a Twitter user, after saying back in March that bitcoin would reach $1 million in three months. Bitcoin BTCUSD came up a bit short on Wednesday, it was trading above $28,000. He didnt bother waiting the extra month or so to see if bitcoin could climb some $970,000.

Srinivasan...

Some bets dont pan out. This one didnt come close.

Balaji Srinivasan took to Twitter to say hes made $1 million in donations and paid $500,000 to a Twitter user, after saying back in March that bitcoin would reach $1 million in three months. Bitcoin BTCUSD came up a bit short on Wednesday, it was trading above $28,000. He didnt bother waiting the extra month or so to see if bitcoin could climb some $970,000.

Srinivasan is the former chief technology officer at the crypto exchange Coinbase, as well as the co-founder of Counsyl, a health technology firm.

When youre trading, yes too early is the same as being wrong. But if youre preparing, then hell is truth seen too late, he said.

He recounted trouble in the economy ranging from collapsing banks such as SVB Financial and First Republic Bank to the surge in U.S. government debt to the possible breach of the U.S. debt ceiling.

He also pointed to a range of difficulties, from insurers holding too much in bonds, to the collapse of life expectancy, to rising auto and student debt.

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This bitcoin advocate says he's settled bet after cryptocurrency didn't reach $1 million in 90 days - MarketWatch

The top cryptocurrencies expected to explode in May 2023 are digital assets with strong fundamentals

The cryptocurrency market is known for its volatility, with prices fluctuating rapidly in response to various factors such as news events, adoption rates, regulatory changes, and market sentiment. The market is highly speculative with many investors looking to make quick profits by buying and selling top cryptocurrency to explode in 2023.

The cryptocurrency industry has shown promise in recent years and could potentially experience significant growth in the future. The key factors to consider for the next cryptocurrency would be low entry price, referring resources online, following social media channels, and so on. Demand is much higher than supply as investors and traders constantly look for the most searched crypto assets that could explode in price, i.e.; Ethereum, Bitcoin, Dogecoin, Cardano, and more. Additionally, investors consider the best long-term cryptocurrency investment, as short-term price fluctuations can be significant.

Ethereum is the second-largest cryptocurrency by market capitalization and the most popular and widely used blockchain platform for years. This centralized blockchain network is powered by Ether tokens that enable users to make transactions, earn interest on their holdings through staking, use and store non-fungible tokens (NFTs), play games, trade cryptocurrencies, use social media and so much more. Recently, it uses proof-of-stake where validators explicitly stake capital in the form of ETH into small contracts on Ethereum.

1inch, a decentralized cryptocurrency exchange that allows users to compare and optimize their crypto trades and swaps different cryptocurrencies just by connecting a crypto wallet. It is an Ethereum token that serves as a governance token and a utility token. Launched in 2019 by Sergej Kunz and Anton Bukov, since then it gained popularity among DeFi users by becoming one of the leading DEX aggregators in the market.

FightOut is a newly launched crypto project that is developing a play-to-earn fitness game. Users can receive tokenized rewards after every workout is completed via the Fight Out app. The companion app provides everything a user needs to become a fighting fit. The app features personalized exercise routines and on-demand workout classes.

Dash2Trade is a crypto Analytics and intelligence platform designed to help traders become consistently profitable. It helps create and test trading strategies to track the latest news and in-chain data. Dash 2 Trade is building the most advanced crypto signals for D2T token holders and analytics features to maximize trading opportunities.

C+Charge is a revolutionary Move-to-Earn ecosystem that uses blockchain technology to help lower air pollution while upholding a healthy and clean environment. They are mainly collaborating with top companies in the EV space. The Goodness Nature, a unique credit carbon token is created by the platform allowing users to collect tokens and pay for EV charging services at partner stations. Another project is the C+Charge token making this turn out to be the most environmentally friendly Cryptocurrency initiative.

Aave is the most popular and user-friendly lending protocol as the DeFi platform is built on blockchain technology. The platform allows users to spend and borrow various Cryptocurrencies without intermediaries like banks. Borrowers can switch from fixed to variable interest rates and vice versa. It is known for its Flash loans, loans that dont require collateral. Aave is a governance token where holders can vote on the future of the protocol.

SushiSwap is an Automated market maker which are decentralized exchanges running on small contracts. They support many different blockchains which allow them to offer some of the most commemorates. SUSHI, its native Cryptocurrency is given as a trading fee to liquidity providers. Their key feature Yield farming allows users to earn additional rewards by staking SUSHI tokens in various pools on the platform.

RobotEra is a crypto project building an immersive Metaverse that connects with other worlds, opening theme parks, concerts, and more. It aims to provide a community-centered project as such users can participate in world creation, explore, create, and develop NFT assets that can be traded within the community.

Love Hate Inu, the best altcoins in 2023 and the worlds first vote-to-earn platform that works by allowing to earn rewards by voting on important decisions. Ranging from politics to entertainment, the platforms unique user reward system makes it one of the best crypto pre-sales. Analysts predict that the project will become one of the best meme Cryptocurrency projects similar to Dogecoin, Tamadofe, or Shiba Inu.

XRP, a native Cryptocurrency of the Ripple payment protocol that employs blockchain technology for quick, low-cost transactions. Ripple has worked with hundreds of financial institutions but at the end of 2021, the Securities and exchange commission sues the company that ed majority of the significant U S crypto exchanges delisting XRP.

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Top 10 Cryptocurrencies Expected to Explode in May 2023 - Analytics Insight

Frankly, we're a tad skeptical about this approach. That's not to say the ads aren't funny. Indeed, it's superior work in the Barton F. Graf tradition. It's well done and right on point.

And yet ... crypto feels so tarnished, so 2021 in the wake of the FTX fiasco, that, at least for now, it may be impossible to give those tokens a fresh shine.

FTX had greats commercials, too. It put Larry David on the Super Bowl, for pity's sake. But the category feels too risky. As a "normal person," I'm steering clear.

"Strategy-wise, our goal was to speak to the crypto-curiousnot the typical tech-bro audience, but a wider, more inclusive pool that might be open to alternative financial options and give them the push they need to try it out," Quality Meats co-founder/co-CCO Brian Siedband tells Muse. "We set out to prove that Olliv is the easiest, most accessible onramp to getting into crypto, by making crypto totally normal. So normal that anyone can see themselves using it."

He adds: "As crypto became more 'on the outs,' we had more permission to push against the negative/off-putting perceptions of the category even harder. On a personal level, we basically acknowledged all the questions, fears and doubts we personally, as crypto laypeople ourselves."

Gordy Sang, the agency's s other CCO/founder, picks up the story:

"Most of the advertising out there for the category felt pushy and/or 'too cool for school' with fancy celebs and stuff, trying to almost create a sense of FOMO for the non-crypto users. With the climate of crypto changing, we knew it would be a challenge to sell a new/different crypto platform. So, it felt important to us and Olliv to acknowledge the negativity and concerns everyday people had."

With that in mind, "Self-awareness and poking fun at the industry tropes felt like a way to disarm the consumer and have them open their minds," he says. "We basically wanted to bring crypto down to earth, not with a lofty promise of 'fortune favoring the brave' or whatever. But with everyday use cases that can actually be helpful in everyday life."

Can you buy a jetpack with crypto? Maybe I should reconsider my position. It's not likedollarsare doing so hot lately.

Client: OllivChief Marketing Officer: Steve GradmanVP of Marketing: Elle WypasekCreative Agency: Quality MeatsCo-CCO: Gordy Sang & Brian SiedbandAccount Manager: David KaplanAgency Producer: Cate McManusProduction Company: HOBBYDirector: Beatrice PegardExecutive Producer: John Gerard, Renee KrumweideDirector of Photography: Sebastian WinterEditor: Biff ButlerPost Producer: Chandler RaubProduction Design: Mary MintyWardrobe Stylist: Robin OsrinGaffer: Wiseman DinizuluVFX/Online Artist: Mark YoungrenColourist: Mattieu ToulletSound Design & Mix: Joe FloodService Company: Juice FilmsLine Producer: Jacqui BeekCasting Director: Bndicte Roumega

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Meet Olliv, the Cryptocurrency Brand for the Rest of Us - Muse by Clio