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Cryptocurrency: Basics, Examples, and Prospects
Cryptocurrency: Basics, Examples, and Prospects
In recent years, cryptocurrency has become an incredibly popular topic. It's not just a novelty but a revolution in finance, commerce, and investment. Cryptocurrencies are digital money that functions on blockchain technology, ensuring high security and decentralization. In this article, we'll examine the basics of cryptocurrency, real-life examples, and prospects for its use.
What is Cryptocurrency?
Cryptocurrency is digital or virtual currency
In recent years, cryptocurrency has become an incredibly popular topic. It's not just a novelty but a revolution in finance, commerce, and investment. Cryptocurrencies are digital money that functions on blockchain technology, ensuring high security and decentralization. In this article, we'll examine the basics of cryptocurrency, real-life examples, and prospects for its use.
What is Cryptocurrency?
Cryptocurrency is digital or virtual currency
Send me 1 dollar to help buy a new phone. The goal is 200 dollars. ID 170794110.
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Cryptocurrency: The Future of Finance or a Passing Trend?
Cryptocurrency: The Future of Finance or a Passing Trend?
Cryptocurrency is one of the most talked-about phenomena in the world of finance in recent years. It attracts the attention of investors, engineers, economists, and everyday people. Despite its rising popularity, not everyone understands what cryptocurrency is, how it works, and what makes it special. Let’s explore why cryptocurrency captures so much attention and examine real-life examples of its impact on people’s lives and the economy.
Cryptocurrency is one of the most talked-about phenomena in the world of finance in recent years. It attracts the attention of investors, engineers, economists, and everyday people. Despite its rising popularity, not everyone understands what cryptocurrency is, how it works, and what makes it special. Let’s explore why cryptocurrency captures so much attention and examine real-life examples of its impact on people’s lives and the economy.
Binance is prioritizing Thailand as a key market in its mission to reach one billion users, with crypto-friendly regulations seen as a driving factor.
Cryptocurrency exchange Binance is betting big on Thailand as it aims to bring crypto mainstream worldwide, spotlighting the country’s regulatory openness, The Bangkok Post reports, citing Binance chief marketing officer Rachel Conlan.
Per Conlan, Thailand ranks among Binance’s top 20 markets worldwide, with local crypto penetration estimated at 12%, double the global average of 6%. She also praised Thailand for taking a “pioneering approach to crypto” and working to establish regulations and a framework “in the right way.”
“I think that is what ultimately is going to help this industry thrive and drive forward.”
Rachel Conlan
Binance, which gained 60 million users in the past six months, attributes its growth to increased institutional adoption and positive developments like ETF approvals, Conlan said, noting the exchange sees a 20% global adoption rate as mainstream, a milestone it aims to reach within three years. Binance currently claims 240 million users globally.
The crypto exchange is doubling down on Thailand as the country itself appears to be betting on crypto as well. Recently, Siam Commercial Bank launched Thailand’s first stablecoin-powered cross-border payment system to facilitate faster, more efficient international transactions.
In August, Thai financial regulators also launched a Digital Asset Regulatory Sandbox to encourage crypto adoption in the country. The initiative, backed by a public hearing in May, allowed participants to test crypto services under flexible regulations to help develop Thailand’s digital asset market.
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Cryptocurrency exchange Binance is betting big on Thailand as it aims to bring crypto mainstream worldwide, spotlighting the country’s regulatory openness, The Bangkok Post reports, citing Binance chief marketing officer Rachel Conlan.
Per Conlan, Thailand ranks among Binance’s top 20 markets worldwide, with local crypto penetration estimated at 12%, double the global average of 6%. She also praised Thailand for taking a “pioneering approach to crypto” and working to establish regulations and a framework “in the right way.”
“I think that is what ultimately is going to help this industry thrive and drive forward.”
Rachel Conlan
Binance, which gained 60 million users in the past six months, attributes its growth to increased institutional adoption and positive developments like ETF approvals, Conlan said, noting the exchange sees a 20% global adoption rate as mainstream, a milestone it aims to reach within three years. Binance currently claims 240 million users globally.
The crypto exchange is doubling down on Thailand as the country itself appears to be betting on crypto as well. Recently, Siam Commercial Bank launched Thailand’s first stablecoin-powered cross-border payment system to facilitate faster, more efficient international transactions.
In August, Thai financial regulators also launched a Digital Asset Regulatory Sandbox to encourage crypto adoption in the country. The initiative, backed by a public hearing in May, allowed participants to test crypto services under flexible regulations to help develop Thailand’s digital asset market.
$BTC
$ETH
$SOL
Margin Trading: How to Profit with Borrowed Money Without Losing It All
Margin trading, or leveraged trading, is a type of financial operation that allows traders to buy assets in amounts greater than their own funds. Essentially, a trader borrows from a broker to increase potential profits, but just like with any loan, this opportunity comes with high risks.
What is Margin Trading?
In traditional trading, an investor can only invest the amount they actually possess. In margin trading, they can borrow a sum from a broker to buy more shares, currency, or other asse
What is Margin Trading?
In traditional trading, an investor can only invest the amount they actually possess. In margin trading, they can borrow a sum from a broker to buy more shares, currency, or other asse
A large SOL$SOL investor recently offloaded 100,000 SOL$SOL at an average price of $170 within the last 15 hours, securing approximately 17 million USDC in total. The sale followed a recent redemption of 143,700 SOL$SOL from staking, which was completed just a day earlier.
Of this amount, 70,000 SOL was sold directly on-chain, bringing in around 11.9 million USDC. The remaining 30,000 SOL was offloaded via an over-the-counter (OTC) deal with Wintermute, generating an additional 5.1 million USDC. Altogether, this strategic move by the whale averaged a selling price of $170 per SOL.
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Of this amount, 70,000 SOL was sold directly on-chain, bringing in around 11.9 million USDC. The remaining 30,000 SOL was offloaded via an over-the-counter (OTC) deal with Wintermute, generating an additional 5.1 million USDC. Altogether, this strategic move by the whale averaged a selling price of $170 per SOL.
SUPPORT THE AUTHOR ID 170794110
#MarketDownturn #Solana #Solana🚀
Ethereum Developer Justin Drake Aims for Neutrality
Lead Ethereum researcher Justin Drake has announced that he is stepping down from several positions, including advisor to the EigenLayer and the Ultra Sound team. He has taken these steps to align with his commitment to neutrality and focus on research into the base layer of the blockchain (L1). The specialist said that he decided to leave his role at the Eigen Foundation back in September. The developer emphasized that he is completely withdrawing from advisory, investment, and participation in
Cryptocurrency Futures Trading
Cryptocurrency Futures Trading: Basics, Examples, and Tips
Cryptocurrency futures trading has gained popularity among investors due to its potential for high returns, the use of leverage, and the ability to profit from both rising and falling prices. Unlike traditional trading, cryptocurrency futures allow traders to make deals based on price predictions for the future, making it a powerful tool for well-prepared investors. This article will cover the features of cryptocurrency futures trading
Cryptocurrency futures trading has gained popularity among investors due to its potential for high returns, the use of leverage, and the ability to profit from both rising and falling prices. Unlike traditional trading, cryptocurrency futures allow traders to make deals based on price predictions for the future, making it a powerful tool for well-prepared investors. This article will cover the features of cryptocurrency futures trading
$BTC rally masks bleaker picture in the crypto world.
▪️ Hedge fund investments in crypto startups dropped sharply in Q3 2024, down 20% from the previous quarter;
▪️ Declining demand for once-popular assets has led to layoffs at companies like #DYDX, Kraken, and ConsenSys;
▪️ Coinbase’s Q3 earnings report on Wednesday disappointed, causing a 15% plunge in its stock price on Thursday;
▪️ Many blockchains promoted as Bitcoin alternatives have failed to gain traction;
▪️ The #NFT and #Web3 gaming sectors have been in decline for two years;
▪️ Regulatory uncertainty could drive up costs for major U.S. crypto exchanges, according to Re7 Capital
info : CoinMarketCap
$ETH $SOL #MarketDownturn
▪️ Hedge fund investments in crypto startups dropped sharply in Q3 2024, down 20% from the previous quarter;
▪️ Declining demand for once-popular assets has led to layoffs at companies like #DYDX, Kraken, and ConsenSys;
▪️ Coinbase’s Q3 earnings report on Wednesday disappointed, causing a 15% plunge in its stock price on Thursday;
▪️ Many blockchains promoted as Bitcoin alternatives have failed to gain traction;
▪️ The #NFT and #Web3 gaming sectors have been in decline for two years;
▪️ Regulatory uncertainty could drive up costs for major U.S. crypto exchanges, according to Re7 Capital
info : CoinMarketCap
$ETH $SOL #MarketDownturn