UN is proposing to print NFT and some countries are fed up with US dollars. Ethereum offers so much benefits such as smart contracts, nfts more secure. Yesterday I heard some one pay for their sandwich with ETH. Its a big win guys. We will be on top. Just hodl a bit longer. Soon we…
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The address (aka address #1) that minted the NFT sent 473,657.64 USDC to an intermediary address (#2). The intermediary address swaps some of that USDC for 1,816.08 SOL. Then Address #2 sends 1800 SOL to a 3rd address. The third address makes a bid and wins the NFT for 1800 SOL. That 1800 SOL goes…
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submitted by /u/Desperate_Day_8813 [link] [comments]
Blockchain tech is in the early stages of constructing a trustless global voting machine that humanity will use to quickly reach popular consensus on current events. Biometrics and facial recognition in VR headsets or AR glasses will be used to authenticate users to a specific wallet address, guaranteeing that no user votes twice. This will…
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I was with my wife’s family the other day for dinner – aunts, uncles, cousins, my in-laws and grandparents. The meal was halfway through and the wine was flowing. And my wife’s cousin asked everyone “so what’s everyone think of Bitcoin?” The whole table erupted. VERY strong pro and anti Bitcoin views were on full…
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Music is becoming a key feature in the Metaverse, but will challenges hamper adoption?
Stablecoins, the digital currency that is the talk of the town, are gradually taking over the crypto world as more users and corporations vie for its benefits. Such news doesn’t come as a surprise anymore. As the total value of the world’s 12,333 digital currencies approaches $1.8 trillion, the stablecoin economy has recently grown to $179 billion, or nearly 10% of the total crypto economy. This record has been much quicker to attain compared to last year, where it took around two months to see the transfer volume surpass $150 billion. In 2020, it took nine months to surpass this milestone. As for 2019, it lasted an entire year. What Are Stablecoins? The volatility of tokens has always been one of the major challenges to cryptocurrency investing. Bitcoin, for example, can drastically change in value by the minute. Stablecoins are established to tackle that problem surrounding blockchains; it aims to keep track and match the value of the fiat currency US dollars (USD). Tether (USDT), the first established stablecoin and still the most successful to this day, was merely introduced as a digital token with “a stable price.” This works as the Tether Foundation keeps 1 USD in reserve for every USDT issued, keeping its price stabilized around $1 since each unit of USDT could be redeemed for one of the US dollars in the reserve. USDTUSD trading at 1.00080000 on the daily chart | Source: TradingView.com Related Reading | On-Chain Data Shows Surge In Stablecoins Supply Pouring Into Bitcoin Tether began with very little resources, having gotten little exposure from the public. However, as Bitcoin’s price began to rise in 2017 and the risk brought by volatility became greater, Tether was also catapulted to the mainstream. From its $1 million-mark in 2016, it surpassed a little less than $10 million in January 2017. By January 2018, as bitcoin’s price was skyrocketing to $20K, the Tether coin supply had ballooned to more than $1.4 billion. Projected Growth Many crypto enthusiasts and analysts point out that stablecoins are gaining momentum because their total supply is increasing marginally. Most stablecoins are issued and backed by third parties, guaranteeing legitimacy on the side of customers. Some of the popular stablecoins along with Tether are Center’s USD Coin (USDC) and Binance’s BUSD, accounting for a little less than the entire supply of the digital token. USDT is the leading stablecoin with a market cap of almost $78 billion, followed by USDC at almost $51 billion market cap. It is because of stablecoins’ cryptographic security and programmability that the robust use cases currently driving the use of stablecoins are supported. We can expect to see more innovation and growth in payment systems as a result of the use of stablecoins in the future. Related Reading | Tethered Up: How Stablecoins Plan To Stay Stable Image from CoinGeek, chart from TradingView.com
Bitcoin traders and blockchain enthusiasts can find merch that shows the world they believe in future of crypto.
submitted by /u/MinnesotaNice92 [link] [comments]
This is a simple letter to new investors and speculators that bought in before the halving or even thereafter. Ravencoin's price is decided solely by the miners, period. There isn't enough institutional or retail investors to swing the coin in any sort of bullish momentum. Though Ravencoin is a fork of Bitcoin itself that doesn't…
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