stablecoins
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Could Bitcoin Reach $80,000 in 2024? 😱
In 2024, Bitwise and Circle's CEOs anticipate explosive growth in #stablecoins , foreseeing them surpassing Visa's settlement volume, driven by the demand for digital dollars.
Bitwise projects stablecoin trading to exceed $137 billion, rising from near-zero in the past four years, while Van Eck predicts a $200 billion market cap by the end of the next year.
Bitwise also forecasts #Bitcoin hitting $80,000 with the launch of a spot ETF and the halving event as catalysts. Varied predictions for Bitcoin's price range from $100,000 to even $1 million, with Bitwise speculating its ETF to amass $72 billion.
Ethereum is expected to double revenue to $5 billion, aided by upgrades reducing #gas costs. Coinbase is poised for a significant revenue surge, potentially surpassing Wall Street expectations tenfold amidst the 2024 bull market.
#Binance
#crypto2023
In 2024, Bitwise and Circle's CEOs anticipate explosive growth in #stablecoins , foreseeing them surpassing Visa's settlement volume, driven by the demand for digital dollars.
Bitwise projects stablecoin trading to exceed $137 billion, rising from near-zero in the past four years, while Van Eck predicts a $200 billion market cap by the end of the next year.
Bitwise also forecasts #Bitcoin hitting $80,000 with the launch of a spot ETF and the halving event as catalysts. Varied predictions for Bitcoin's price range from $100,000 to even $1 million, with Bitwise speculating its ETF to amass $72 billion.
Ethereum is expected to double revenue to $5 billion, aided by upgrades reducing #gas costs. Coinbase is poised for a significant revenue surge, potentially surpassing Wall Street expectations tenfold amidst the 2024 bull market.
#Binance
#crypto2023
"Well, bitcoin has stabilized almost exactly at $14 a coin. I'm tired of waiting for a jump, so I'm taking a loss and getting my money back."
In 2011 this guy took a loss on BTC, at $14 a piece, because he got tired of waiting for Bitcoin to go up. #BTC #stablecoins #inflation
In 2011 this guy took a loss on BTC, at $14 a piece, because he got tired of waiting for Bitcoin to go up. #BTC #stablecoins #inflation
Flair DeX announced the phase 1 of incentivized testnet. Flair Dex is a decentralised exchange and automated market marker focused on providing efficient token swaps and deep liquidity for #stablecoins and other assets.
#crypto2023 #DeFi #dyor
#crypto2023 #DeFi #dyor
Despite their advantages, #stablecoins are not without risks.
Centralized stablecoins, where a single entity controls the stablecoin, are vulnerable to hacks and cyber attacks.
There are also concerns about transparency and the true value of the backing asset.
Centralized stablecoins, where a single entity controls the stablecoin, are vulnerable to hacks and cyber attacks.
There are also concerns about transparency and the true value of the backing asset.
Diversification is needed when it is too late for it.
You can diversify your #stablecoins into different:
1) Tokens 🪙
2) Protocols 🏦
3) Chains 🔗
4) Strategies (to earn on your tokens) ♟️
This will prepare you for another market crash.
You can diversify your #stablecoins into different:
1) Tokens 🪙
2) Protocols 🏦
3) Chains 🔗
4) Strategies (to earn on your tokens) ♟️
This will prepare you for another market crash.
As #stablecoins become more widely adopted, there is a growing need for regulation to ensure their stability and protect consumers.
The lack of a clear regulatory framework for them has raised concerns among policymakers, highlighting the need for it.
The lack of a clear regulatory framework for them has raised concerns among policymakers, highlighting the need for it.
6. Stablecoins
Stablecoins are cryptocurrencies designed to have a stable value by being pegged to a reserve asset like the US dollar or gold. This reduces the volatility typically associated with cryptocurrencies.
Examples of Stablecoins
Tether (USDT)
USD Coin (USDC)
DAI
They are commonly used for trading, as a stable store of value, and for transferring value without the risk of significant price fluctuations.
#CryptoBook #Cryptocurrency #CryptoTrading #stablecoins #cryptobasics
Stablecoins are cryptocurrencies designed to have a stable value by being pegged to a reserve asset like the US dollar or gold. This reduces the volatility typically associated with cryptocurrencies.
Examples of Stablecoins
Tether (USDT)
USD Coin (USDC)
DAI
They are commonly used for trading, as a stable store of value, and for transferring value without the risk of significant price fluctuations.
#CryptoBook #Cryptocurrency #CryptoTrading #stablecoins #cryptobasics
🇷🇺 Russian Central Bank is reportedly legalizing #gold and USD-pegged #stablecoins for global payments.
𝗝𝘂𝗹𝘆 𝟰, 𝟮𝟬𝟮𝟰
BREAKING 🚨: Commercial Real Estate, Office Vacancy Rate surpasses 20% for the first time in history.
📣 Jeff Bezos disclosed new plans to sell 25 Million additional shares of Amazon.
US Owning a House in the U.S. Is Now the Most Expensive Since 2007, New Report Finds.
Russian Central Bank is reportedly legalizing #gold and USD-pegged #stablecoins for global payments.
Zambia to jail anyone caught using the US Dollar or other foreign currency for up to 10 years.
🚨🚨🚨 NEW: #Alipay 's parent company Ant Group has processed "billions" in payments 💵 on JP Morgan's blockchain.
BREAKING 🚨: Commercial Real Estate, Office Vacancy Rate surpasses 20% for the first time in history.
📣 Jeff Bezos disclosed new plans to sell 25 Million additional shares of Amazon.
US Owning a House in the U.S. Is Now the Most Expensive Since 2007, New Report Finds.
Russian Central Bank is reportedly legalizing #gold and USD-pegged #stablecoins for global payments.
Zambia to jail anyone caught using the US Dollar or other foreign currency for up to 10 years.
🚨🚨🚨 NEW: #Alipay 's parent company Ant Group has processed "billions" in payments 💵 on JP Morgan's blockchain.
✈️✈️NEW HEADLINES 🛰️🛰️
Hello, here is the most important news for this morning:
🇦🇺 The first Australian spot BTC-ETF officially starts trading today. 📈
🤑 Yesterday, the net inflow into spot BTC-ETFs was +$105.1 million. Inflows have been consistent for 13 trading days in a row. 💸
💰 According to BBG ETF analyst Eric Balchunas, inflows into BTC-ETFs account for 26% and 56% of the total inflows for the year for BlackRock and Fidelity, respectively. 📊
📆 On June 30, 2024, the new MiCA rules for stablecoins will take effect across the entire European Economic Area. 🇪🇺
💬 Santiment: Waves and Notcoin are at the top of discussions among the crypto community. 🗣️
🇷🇺 The Ministry of Finance supports the official recognition of mining and the assignment of an All-Russian Classification of Economic Activities code. 🏦
#btc70k #StartInvestingInCrypto #altcoins #NewsAboutCrypto #stablecoins
$BTC $NOT
Hello, here is the most important news for this morning:
🇦🇺 The first Australian spot BTC-ETF officially starts trading today. 📈
🤑 Yesterday, the net inflow into spot BTC-ETFs was +$105.1 million. Inflows have been consistent for 13 trading days in a row. 💸
💰 According to BBG ETF analyst Eric Balchunas, inflows into BTC-ETFs account for 26% and 56% of the total inflows for the year for BlackRock and Fidelity, respectively. 📊
📆 On June 30, 2024, the new MiCA rules for stablecoins will take effect across the entire European Economic Area. 🇪🇺
💬 Santiment: Waves and Notcoin are at the top of discussions among the crypto community. 🗣️
🇷🇺 The Ministry of Finance supports the official recognition of mining and the assignment of an All-Russian Classification of Economic Activities code. 🏦
#btc70k #StartInvestingInCrypto #altcoins #NewsAboutCrypto #stablecoins
$BTC $NOT
$FDUSD D holding strong at $0.9994! 🪙 Slight dip in the last hour, but overall stability. What do you think this means for the future of stablecoins? #FDUSD #crypto #stablecoins #marketwatch
The market value of stablecoins reached the highest level in the last two years
The market value of stablecoins in May 2024 increased by 0.63% compared to the beginning of the month and reached $161 billion, which is the highest level since April 2022. According to CCData, this record came after eight months of continuous growth. While Tether has a record market value of $111 billion and holds 69.3% of the market share, USDC's market value has grown for the sixth consecutive month and reached $32.6 billion.
#Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #stablecoins
The market value of stablecoins in May 2024 increased by 0.63% compared to the beginning of the month and reached $161 billion, which is the highest level since April 2022. According to CCData, this record came after eight months of continuous growth. While Tether has a record market value of $111 billion and holds 69.3% of the market share, USDC's market value has grown for the sixth consecutive month and reached $32.6 billion.
#Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #stablecoins
Here is full detail why crypto market crashed and what is next movement ?
Cypto market is in a state of significant turmoil. Bitcoin has plunged below $50K, and Ether has erased all its 2024 gains, with BTC down 30% and ETH down 50%. Several factors are driving this decline, including
Japan's recent interest rate hike, Due to which people prefer to gain stable interest instead of gain profit from fluctuate market. So they sell their stock to hold money in banks to gain interest. That impact overall trading market.
This is just a correction but many people comparing it with us recession indicator that it has ignited. But it is just a fud according to my analysis. Middle East war tension also cause drop in #BTC☀ and overall market. price
Strategies for Capitalizing on the#MarketDownturn
1. Use this downturn to accumulate well- established #Cryptocurrencies like Bitcoin and Ethereum at lower prices.
2. Decentralized Finance (DeFi) projects often offer high returns and can be a strategic investment during market dips.
3. These can provide passive income and help offset losses during volatile periods.
4. Allocate a portion of your portfolio to stablecoins to preserve capital and provide liquidity for future buying opportunities.
Staying Strong and Resilient During Market Fluctuations
1. Follow credible crypto news sources and analysts to stay updated on market trends and developments.
2. Market drops can trigger panic selling. Stick to your long-term investment strategy and avoid making impulsive decisions.
3. Spread your investments across various crypto assets to minimize risk and reduce volatility.
4. Keeping some funds in #stablecoins or fiat can provide you with the flexibility to buy assets during market dips.
5. Engage with the crypto community for insights, support, and shared experiences. This can help you stay resilient and make informed decisions.
Follow #MU_Traders for more updates. Don't forget to like and comment.
Cypto market is in a state of significant turmoil. Bitcoin has plunged below $50K, and Ether has erased all its 2024 gains, with BTC down 30% and ETH down 50%. Several factors are driving this decline, including
Japan's recent interest rate hike, Due to which people prefer to gain stable interest instead of gain profit from fluctuate market. So they sell their stock to hold money in banks to gain interest. That impact overall trading market.
This is just a correction but many people comparing it with us recession indicator that it has ignited. But it is just a fud according to my analysis. Middle East war tension also cause drop in #BTC☀ and overall market. price
Strategies for Capitalizing on the#MarketDownturn
1. Use this downturn to accumulate well- established #Cryptocurrencies like Bitcoin and Ethereum at lower prices.
2. Decentralized Finance (DeFi) projects often offer high returns and can be a strategic investment during market dips.
3. These can provide passive income and help offset losses during volatile periods.
4. Allocate a portion of your portfolio to stablecoins to preserve capital and provide liquidity for future buying opportunities.
Staying Strong and Resilient During Market Fluctuations
1. Follow credible crypto news sources and analysts to stay updated on market trends and developments.
2. Market drops can trigger panic selling. Stick to your long-term investment strategy and avoid making impulsive decisions.
3. Spread your investments across various crypto assets to minimize risk and reduce volatility.
4. Keeping some funds in #stablecoins or fiat can provide you with the flexibility to buy assets during market dips.
5. Engage with the crypto community for insights, support, and shared experiences. This can help you stay resilient and make informed decisions.
Follow #MU_Traders for more updates. Don't forget to like and comment.
Follow me for updates about the Mambo project and for copytrader results and recommendations. @Mambo-Lambo #Mambonization This is the first hashtag of mambonization in history. right here and in t.me/MamboToken
$BTC (we created a miniBTC stabilized coin) #stablecoins
$BTC (we created a miniBTC stabilized coin) #stablecoins
📊 Out of 35 countries, only six had rules for stablecoins in 2023, as per PwC’s analysis. 🇨🇭 🇯🇵 Switzerland and Japan were among the countries leading this initiative.
#cryptonews #stablecoins #switzerland #japan
#cryptonews #stablecoins #switzerland #japan
Key Trends in Crypto Regulatory and Policy Landscape by Elliptical
The first Elliptical blog post of 2024 highlights key developments and trends in #crypto regulatory and policy for the year 2024. The US SEC's approval of 11 spot #BitcoinETFs is seen as a positive step, offering hope for clearer regulatory developments in the country. The top five trends to watch in 2024 include:
1. Stablecoins Regulation: The opportunities and risks of #stablecoins will be a focal point, especially with new requirements for stablecoin issuers in the European Union coming into effect. Financial crime risks associated with stablecoins will also be a priority on the international agenda.
2. Leading Crypto Hubs: Paris, Dubai, and Hong Kong are identified as leading hubs for well-regulated crypto activity. These cities are expected to entrench their status in 2024, providing clarity in regulatory frameworks, though with high standards for market participants.
3. US Regulatory Uncertainty: The US is predicted to remain uncertain due to structural factors, jurisdictional entanglements, and legislative challenges. Despite this, institutional players are expected to drive progress in opening up the US financial sector to greater crypto-related innovation.
4. DeFi in the Spotlight: 2024 will be crucial for decentralized finance ( #DeFi ), with regulators focusing on aligning efforts globally to address perceived challenges. The year will determine if the DeFi space can be made compatible with regulation while remaining decentralized and innovative.
5. AI and Crypto Fusion: There will be increasing regulatory discussion around the potential fusion of artificial intelligence (AI) and crypto. Innovators envision the convergence of #AI and blockchain technologies, prompting regulators to scrutinize the risks and issues associated with this convergence. The EU's proposed AI Act is mentioned as a regulatory framework similar to MiCA, governing both AI and crypto.
Overall, 2024 is expected to be a defining year for the crypto industry, with a spotlight on stablecoins, leading crypto hubs, US regulatory challenges, DeFi, and the potential fusion of AI and crypto.
1. Stablecoins Regulation: The opportunities and risks of #stablecoins will be a focal point, especially with new requirements for stablecoin issuers in the European Union coming into effect. Financial crime risks associated with stablecoins will also be a priority on the international agenda.
2. Leading Crypto Hubs: Paris, Dubai, and Hong Kong are identified as leading hubs for well-regulated crypto activity. These cities are expected to entrench their status in 2024, providing clarity in regulatory frameworks, though with high standards for market participants.
3. US Regulatory Uncertainty: The US is predicted to remain uncertain due to structural factors, jurisdictional entanglements, and legislative challenges. Despite this, institutional players are expected to drive progress in opening up the US financial sector to greater crypto-related innovation.
4. DeFi in the Spotlight: 2024 will be crucial for decentralized finance ( #DeFi ), with regulators focusing on aligning efforts globally to address perceived challenges. The year will determine if the DeFi space can be made compatible with regulation while remaining decentralized and innovative.
5. AI and Crypto Fusion: There will be increasing regulatory discussion around the potential fusion of artificial intelligence (AI) and crypto. Innovators envision the convergence of #AI and blockchain technologies, prompting regulators to scrutinize the risks and issues associated with this convergence. The EU's proposed AI Act is mentioned as a regulatory framework similar to MiCA, governing both AI and crypto.
Overall, 2024 is expected to be a defining year for the crypto industry, with a spotlight on stablecoins, leading crypto hubs, US regulatory challenges, DeFi, and the potential fusion of AI and crypto.
𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟳, 𝟮𝟬𝟮𝟰
JUST IN: Japan's big 3 banks MUFG, Mizuho & SMBC plan to use #stablecoins for cross border payments.
JUST IN: Japan's big 3 banks MUFG, Mizuho & SMBC plan to use #stablecoins for cross border payments.
#SolanaFloor
#sanctumso introduces the world's first $SOL card in partnership with #basedappHQ and @Jupiter 🪐 .
The card lets you spend #SOL and #stablecoins in 100+ countries.
#sanctumso introduces the world's first $SOL card in partnership with #basedappHQ and @Jupiter 🪐 .
The card lets you spend #SOL and #stablecoins in 100+ countries.
