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Silvergate Halts Crypto Payments After Suffering $1 Billion Loss. #Silvergate #payments #BTC #crypto2023 #cryptotrading

Silvergate Halts Crypto Payments After Suffering $1 Billion Loss.

#Silvergate #payments #BTC #crypto2023 #cryptotrading

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Geopolitical Turmoil Spurs Crypto Investors' Exodus to Gold. 🪙💰🌟 This weekend witnessed a remarkable shift in investor behavior as escalating geopolitical tensions prompted a surprising migration from crypto to gold. Notably, Paxos's representation of gold (PAXG) skyrocketed by over 40%, surpassing $3.3k per troy ounce on select exchanges. Despite Bitcoin's often-touted status as a safe haven asset, it faltered during the recent crisis, leading many to perceive gold as a more dependable store of value. Gold's extensive history as a safe haven, spanning millennia, contrasts sharply with Bitcoin's comparatively brief existence. Additionally, historical investor tendencies favor gold and cash during times of uncertainty, hinting at a prevailing perception among crypto investors that Bitcoin is more akin to a risk-on investment rather than a reliable store of value. Bitcoin has seen a significant downturn, down 16% from its all-time highs, with a continued decline throughout the week. In contrast, gold sits only 1.5% below its Friday peak and has displayed resilience since Sunday's trading commenced. The relative valuation of Bitcoin against gold has plunged by 18% in April, underscoring a palpable shift in market sentiment towards risk-off assets. This recent trend of crypto investors seeking refuge in traditional safe haven assets like gold during times of uncertainty prompts reflection on Bitcoin's status as a store of value. The flight to safety among market participants indicates a prevailing lack of bullish sentiment, with uncertainty casting a shadow over the future trajectory of risk assets. source: Jack Inabinet | Bankless #gold #Paxos #PAXGold #bitcoin #Bankless
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I follow TON network closely. 💎 It looks like TON Network will make an announcement on April 19, but what is TON Network? Also known as Telegram Open Network (TON), it is an innovative community-driven blockchain with a lot to offer. TON was developed by Telegram to enroll billions of users and enable fast, affordable and efficient blockchain transactions in terms of energy usage. Its features are designed with regular users in mind. TON works on proof-of-stake (PoS) mechanism and provides simple-to-use applications, ultra-fast transactions and low fees. It also has a low impact on the environment. Toncoin, the native token of the blockchain on which the TON network operates, can be used for various purposes throughout the TON network. It is also used as payment in DApps. TON is a blockchain network equipped with cross-chain interoperability features that promises high scalability. Toncoin's total supply is 5.1 billion and its market value is around 21.4 billion dollars. It is currently trading at $6.16. TON can process millions of transactions per second and has a scalable structure. It provides interaction between blockchains by working in a secure framework. It is a decentralized and open internet platform, offering users freedom and control. It provides access to a large user base by connecting 800 million Telegram users to the world of cryptocurrency. It becomes attractive to users with its low transaction fees. TON ecosystem includes various applications: Wallets, DeFi protocols, decentralized exchanges (DEXs), games, NFTs and social media. Toncoin can be used to execute smart contracts, use decentralized applications (dApps) and participate in governance. #Toncoin #TON #TonNetwork $TON
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