Cryptocurrencies are becoming more common as more and more people and businesses start to see the potential benefits of this new technology.

Here are some of the reasons why cryptocurrencies are becoming more common:

Greater acceptance by merchants: More and more merchants are accepting cryptocurrencies as payment, making it easier for people to use them in everyday transactions. For example, major companies like Microsoft, Starbucks, and Whole Foods now accept Bitcoin.

Growing investor interest: Institutional investors are increasingly investing in cryptocurrencies, which helps legitimize this asset class. For example, BlackRock, the world's largest asset manager, recently announced that it would offer cryptocurrency investment products to its clients.

Development of new applications: Developers are constantly creating new apps that use cryptocurrency, expanding the potential use cases for this technology. For example, decentralized finance (DeFi) applications allow people to borrow, lend, and invest money without the need for a traditional financial institution.

Greater regulation: Governments around the world are beginning to regulate cryptocurrencies, providing much-needed clarity for businesses and investors. For example, the US Securities and Exchange Commission (SEC) has recently taken steps to regulate cryptocurrency exchanges.

As these trends continue, cryptocurrencies are likely to become even more widespread in the coming years. This could have a huge impact on the global economy, as it could lead to a more efficient and transparent financial system.

Here are some of the challenges facing cryptocurrencies as they become more common:

Volatility: The price of cryptocurrencies remains highly volatile, making it a risky investment.

Security: Cryptocurrency is still a relatively new technology, and there have been some high-profile hacks on cryptocurrency exchanges.

Regulation: Governments around the world are still trying to figure out how to regulate cryptocurrencies, which could lead to uncertainty for businesses and investors.

Despite these challenges, the potential benefits of cryptocurrencies are significant. If cryptocurrencies can overcome these challenges, they have the potential to revolutionize the global financial system.

Not investment advice, make your own DYOR and stay SAFU

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Ethereum, which successfully completed its second important update, the Shanghai upgrade in April, reached $2,140 within a week. ETH, which continued its downward trend after this ATH, was not successful in pushing $ 2,000 again at the beginning of May.

Ethereum, which fell to $ 1,740 with the decreases in the market, continues to be traded at $ 1,813 at the time of writing. Although ETH, which went up to $ 4,900 in the bull in 2021, is already far from this ATH, some analysts think that ETH will have a big boom.

Stating that they are optimistic about the rise of the ETH price, analysts of the investment fund VanEck said that by 2030, ETH can easily rise above $ 10,000.

Speaking to Banklees recently, analysts stated that there are three pictures for the future of ETH.

Analysts, who think that ETH can fall to $ 343 in 2030 in the most negative picture, predicted that ETH can reach $ 11,849 in a neutral scenario and $ 51,006 in the most optimistic picture.

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On Tuesday a big news spread allover the internet that Munchables lost over 62$ on blast network.Aww that was a big news .First lets know about Munchables and Blast network.
Munchables, a web3 gaming platform based on the Ethereum Layer 2 Blast.Blast network is an Ethereum Layer 2 founded by Tieshun Roquerre, who also founded NFT marketplace Blur.  
Munchables itself stated through X that the platform had been compromised and suffered a notable transaction by a wallet address contained nearly 17,411 ETH worth $62.5M.
Munchables reported on X (statement copied).
"We are tracking movements and attempting to stop the transactions, We will update as soon as we know more."
Munchables contained $95.62 million in total value locked (TVL) about an hour and a half before the platform reported its exploit, resources fingered to a Korean address to be guilty but till the investigations are continued nothing can be judge, also must wait for an official proper report to be unveiled by Munchables.
As far as ,in 2024 it is the first huge digital loss that is reported.
Let's wait for further progress in this case .
#keepposting #Binancesquare #munchables
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For me, 2017 is an unforgettable year. The 2017 bull run was one of the most momentous occurrences in cryptocurrency history. Bitcoin, the most popular cryptocurrency at the time, soared from roughly $1,000 to over $20,000 in a matter of months. This exceptional price increase drew a flood of investors, traders, and speculators into the cryptocurrency market.

I recall that cryptocurrencies were all over the news at the time, and everyone was talking about them nonstop. Many of my readers were thrilled about the possible rewards from investing in cryptocurrency and wanted me to offer them with market insights and predictions.

However, I was able to assist my consumers in understanding the technology underlying bitcoins and how they functioned. I described how blockchain technology enables safe, decentralised transactions, as well as how cryptocurrencies such as Bitcoin, Ethereum, and BNB differ from traditional currencies.

Love Crypto Currency ❤️

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Binance founder and former CEO Changpeng Zhao "a name and fame that influenced millions" is still active and not sitting idle even facing legal charges against himself by US authorities and found guilty already, apart from this ,recently he makes an announcement of new project "Giggle Academy".
"Giggle Academy" is not offering any crypto token,according to Zhao, "no crypto token, existing or new, is part of this project."
Zhao stated (copied)“Building a high-quality and sticky education platform that is entirely free and accessible to all is the most impactful thing I could do for the next chapter of my life,”Education is fundamental to everything in our world. My area of expertise is building (teams to build) software platforms. We (together with a team) can reach hundreds of millions of people. This is scalable, and thus high impact,”
The certain project is totally based on free Education from grade 1 to 12 through digital content and educational interactive games.Zhao is hiring teachers in small teams who can create digital content, actually he seems to take care this project personally.
According to whitepaper,Zhao enlightened the limits of this project,free education is offered to developing countries as well.AI,Finance and Blockchain are also considered as subjects along with basic school subjects.
Zhao' position seems not very strong as he already found guilty and fined $50 million also freed on $175 bond.In the last week of April court decision will be levied whatever be.
Best of luck Zhao.
#keepposting #GiggleAcademy #changphengzhao