🔍 Decryption Neo-wave Patterns
In the analysis of EURO-USDT, we explore intricate patterns guided by Neo-wave theory. A noteworthy discovery emerges – a symmetric pattern takes shape, initiated by the completion of the F wave, paving the way for the unfolding G wave and beyond.

🔬 Methodology: Neo-wave Navigation
Our approach is rooted in Neowave theory, a sophisticated lens for market analysis. Through meticulous scrutiny, we've uncovered a compelling symmetric pattern, peeling back its layers as we navigate the waves outlined by the Neowave framework.
📊 Symmetric Revelation: Unveiling the F Wave Journey
Delving into the completed F wave, the manifestation of symmetry becomes apparent. Visual aids intricately showcase the complexities of this pattern, offering a visual narrative of the accomplished phase and setting the stage for the imminent G wave.
🔮 Anticipation Builds: G Wave on the Horizon
Shifting focus to the G wave in our latest analysis chapter, we explore anticipated movements. The chart signals potential directions and behaviors aligned with Neowave theory, providing insights into unfolding dynamics and their alignment with Neowave projections.
🌐 Future Projections: Ascending with H and I Waves
The chart transforms into a roadmap as we peer into the future. H and I waves beckon, their potential directions mapped within the Neowave framework. This segment explores potential trajectories and implications of these forthcoming waves.
🎯 Conclusion: Navigating Symmetry for Informed Choices
As we conclude this NeoWave-infused analysis, the symmetrical journey of the EURO-USDT pair unfolds as a guiding light for traders and investors. The completion of the F wave and the imminent G wave present a compelling narrative. Prudent consideration is advised as H and I waves await their turn, inviting a cautious yet optimistic outlook.
📊 Insight Update: EURO-USDT Analysis
Extending our view to a broader time-frame unveils a more comprehensive picture of the EURO-USDT pair. In alignment with our earlier predictions, the market is closely mirroring our anticipated movements. The ongoing validation of Neo-Wave patterns on the charts emphasizes the reliability of our insights. As the symmetrical journey unfolds, traders and investors are encouraged to navigate the evolving dynamics with informed choices. 🚀 Additionally, as the E wave completes on the monthly timeframe, anticipation builds for the initiation of the downward F wave. Stay vigilant for potential market shifts in the coming phases. 📉

#BTC #ETH $EUR #euro

Two Ethereum (ETH) developers have voiced their criticisms of a new European stablecoin that recently launched on the top smart contract platform. The stablecoin, known as EUR CoinVertible (EURCV), is pegged to the Euro and was introduced by French financial services giant Societe Generale.

twitter foobar @0xfoobar

One of the developers, who goes by the pseudonym 0xfoobar, took to Twitter to voice their concerns about the stablecoin's transfer mechanism and coding. In a tweet to their 128,000 followers, 0xfoobar wrote that the stablecoin had "the worst code" they've ever seen, and that every ERC20 single transfer has to be approved in a separate ETH transaction submitted by a centralized registrar. They also sarcastically mocked the thinking process behind the development of such a stablecoin, asking why anyone would create an ERC20 token that still requires waiting days for back-office agencies to load up the fax machine.

twitter alephv.eth@alpeh_v

Another Ethereum developer, known as aleph_v, also expressed their criticisms of the stablecoin's transfer mechanism, noting that such tight regulations could only come from a French bank. Aleph_v further explained that the protocol requires a blockchain transaction to process approvals and that every user must be whitelisted before any transfers can be processed.

The launch of the stablecoin comes just weeks after French President Emmanuel Macron called for Europe to lower its dependence on the US dollar. Societe Generale's introduction of a Euro-pegged stablecoin on the Ethereum platform is seen by some as a step towards this goal.

However, the criticisms from the Ethereum developers suggest that the stablecoin may not be as efficient as hoped. Ethereum is known for its fast settlement times and low transaction fees, and any token that operates on the Ethereum platform is expected to reflect these characteristics.

Despite the criticisms, it remains to be seen how EURCV will fare in the market. Stablecoins have become increasingly popular in recent years due to their ability to maintain a stable value relative to a fiat currency. If EURCV can provide this stability while also maintaining the efficiency of the Ethereum platform, it may find success in the growing stablecoin market.

In conclusion, the launch of the EUR CoinVertible stablecoin by Societe Generale on the Ethereum platform has drawn criticisms from two prominent Ethereum developers. The developers have raised concerns about the inefficiency of the stablecoin's transfer mechanism and the quality of its coding. While the stablecoin is pegged to the Euro and is seen by some as a step towards reducing Europe's dependence on the US dollar, its critics argue that its slow transaction process may hinder its success. Despite the criticisms, the stablecoin's ability to maintain a stable value relative to the Euro may attract interest from users in the growing stablecoin market.

#ETH #euro #Stablecoins #crypto2023 #CDD

Source: dailyhodl

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On Thursday, the European Union parliament passed two new regulations related to cryptocurrencies. The first, known as MiCA, establishes a licensing system for crypto operators and makes the EU the first major jurisdiction to implement such a comprehensive crypto law. The vote in favor was 517-38, with 18 absentees. The second rule, called the Transfer of Funds regulation, requires crypto operators to verify their customers' identities to prevent money laundering. This measure passed with a vote of 529-29, with 14 abstentions. The parliament had previously discussed the need for crypto wallet providers, exchanges, and stablecoin issuers to obtain licenses to operate in the EU and keep sufficient reserves, with these ideas receiving widespread support.

Mairead McGuinness, of the European Commission, tweeted that the passing of the new crypto regulations by the EU parliament was a "world first" for crypto rules.

"We’re protecting consumers and safeguarding financial stability and market integrity," McGuinness said. "The rules will start applying from next year."

The European Parliament released a statement regarding the passing of the new crypto regulations, in which Stefan Berger, the lawmaker who headed the negotiations on the law, stated that the rules have positioned the EU "at the forefront of the token economy."

"The European crypto-asset industry has regulatory clarity that does not exist in countries like the U.S.," Berger said. "The sector that was damaged by the FTX collapse can regain trust."

The Markets in Crypto Assets (MiCA) regulation was initially introduced by the European Commission in 2020, and in order for it to become law, it needed to be approved by both the European Parliament and the EU's Council, which represents the member states of the bloc. The main provisions of the regulation are set to take effect slightly over 12 months after their publication in the EU's official journal, which is expected to be in June.

#Binance #crypto2023 #BTC #Regulation #euro

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Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Why does money lose its value and how to fix it?

There was a time when you had to work for months to save $1 and today's billionaires are less wealthy than the millionaires of the 19th century. For what ?

Purchasing power represents the quantity of goods and services that can be obtained in exchange for a monetary unit. In other words, it's what you can buy with 1 dollar, 1 euro, etc.

Currencies can depreciate or appreciate against each other, but they all constantly lose purchasing power against limited supply assets 💸

This is the operating principle of the current monetary system. States compete to stimulate their GDP growth, and the main drivers of this growth are inflation and the expansion of the money supply.

What do the rich do? They accumulate assets rather than cash. This is because money is constantly losing its value, which drives up the price of assets.

#Money #dollars #euro