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Cardano’s Hoskinson Salutes Bitcoin’s Legacy and Resilience as ADA Awaits Its Next Big Move ⋆ ZyCrypto

The post Cardano’s Hoskinson Salutes Bitcoin’s Legacy and Resilience as ADA Awaits Its Next Big Move ⋆ ZyCrypto appeared com. Cardano founder Charles Hoskinson reacted to a striking moment where the U. S. Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper, praising the network’s resilience. Bessent highlighted Bitcoin’s nearly two decades of uninterrupted operation, underscoring its enduring reliability. Hoskinson called the moment “profoundly magical,” signaling the rare sight of a sitting U. S. Treasury secretary praising Bitcoin’s resilience. For 17 years, Bitcoin has operated without interruption, weathering market swings, technological hurdles, and regulatory scrutiny. Its resilience illustrates blockchain’s core promise of presenting a secure, censorship-resistant, peer-to-peer financial system independent of any central authority. Why is this development a welcome call? Well, Bessent’s tweet reflects a subtle shift in institutional perception. While regulators have traditionally been cautious, acknowledging Bitcoin’s resilience could foster more constructive discussions on adoption and regulation. Advertisement Meanwhile, Hoskinson recently called Cardano a ‘spiritual successor to Bitcoin,’ highlighting the deep architectural parallels that link the two networks. Cardano Struggles to Gain Momentum Amid Low Market Activity Market analyst Amina Chattha notes that Cardano (ADA) is in a slow downtrend, trading at $0. 5414 with weak momentum. Buyer interest remains muted, leaving the market in a holding pattern as traders await clearer signals before making moves. Volume remains key to ADA’s short-term direction. Until trading activity increases, ADA is likely to remain stable, exhibiting limited price movement. This consolidation reflects cautious investor sentiment, common in crypto markets, as traders await a catalyst for the next decisive move. Therefore, Cardano’s short-term trajectory depends on market activity since a spike in volume and buying interest could end the current stagnation, while persistently low engagement may prolong sideways trading. Source:.

economypolitics

Health Insurers Are Behind Washington’s Shutdown

The post Health Insurers Are Behind Washington’s Shutdown appeared com. “Democrats insist the shutdown is about protecting health care. It’s really about protecting a subsidy gambit that has enriched their political patrons in the insurance industry,” writes Pipes. At its core, the fight is over insurance subsidies. Democrats are demanding that billions in federal payments to insurers continue uninterrupted. Republicans question whether that’s a good idea. Democrats claim they’re protecting “access to care.” In reality, they’re enriching some of the country’s largest corporations at the expense of taxpayers. The enhanced subsidies for exchange coverage are the clearest example. In 2021, as part of the American Rescue Plan Act, Democrats boosted the generosity of the premium subsidies established by Obamacare for everyone making less than four times the poverty level, which is nearly $129,000 for a family of four. People making less than 150% of poverty-$48,225 for a family of four-became eligible for premium-free coverage. Those making more than four times poverty became eligible for subsidized coverage for the first time. Democrats extended those subsidies through the end of this year as part of the Inflation Reduction Act of 2022. Making them permanent, as the Democrats want to do, would cost $350 billion over the next decade. That would represent a direct transfer from the federal Treasury to the bank accounts of big insurers. Much of that figure is waste. Insurers are claiming premium subsidies for millions of people who do not use their coverage at all. Last year, nearly 12 million enrollees-35% of the exchange population-had no claims. Perhaps they were incredibly lucky. It’s more likely they didn’t know they had exchange coverage. Millions of people have been enrolled in exchange plans without their knowledge or consent, according to research from the Paragon Health Institute. Insurers and.

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