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A recent report from Electric Capital reveals that Asia has become the leading region for crypto developers, surpassing North America. Currently, 32% of all crypto developers are based in Asia, a notable increase compared to nine years ago when this number was roughly half. Meanwhile, North America's share of crypto developers has dropped to 24%, with Europe holding relatively steady at 31%, down only slightly from previous levels. Despite this shift, the United States remains the single country with the most blockchain developers, accounting for 18% of the global talent pool. The growth in Asia highlights the region's increasing influence in the crypto industry, driven by expanding interest and support for blockchain technology across various Asian markets. This shift may impact global crypto development trends and foster further regional competition in blockchain innovation and infrastructure. #CryptoNews🚀🔥
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Happy Halloween - Stock Market Loses Nearly $1 Trillion Two Israeli sources also reported that Israeli intelligence has information that Iran is preparing an attack from Iraqi territory. The attack could take place in the near future, possibly before the start of the presidential elections in the United States. $BTC will solve this?
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The increasing popularity of stablecoins has led to a significant rise in demand for U.S. Treasury securities. Many stablecoin issuers are investing in short-term Treasury bills to back their assets and provide stability. According to the U.S. Treasury Department, this trend has a stabilizing effect on the U.S. financial system, as it ties more private-sector funds to government securities. However, the Treasury Department has also indicated a preference for central bank digital currencies (CBDCs) over privately issued stablecoins. They argue that CBDCs could offer a more reliable and regulated alternative, potentially reducing risks associated with private stablecoin issuers while ensuring monetary stability and control. The debate between supporting private stablecoin growth and advocating for a government-issued digital currency highlights the ongoing challenges in balancing innovation with financial regulation. The Treasury’s stance suggests a cautious approach, supporting stablecoins only as long as they align with broader financial stability goals, while ultimately favoring CBDCs for long-term regulatory control. #CryptoNews🚀🔥
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