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Brevan Howard Digital has made 15 predictions for 2024.
Gaming and brands
1. 2x-3x+ growth in Web3 game releases
2. More of the world’s largest Web2 game companies embrace Web3 in 2024
3. More Web3 enhanced games in the Apple App Store, the Google Play Store, and the Epic Games Store now that we have clarity on their respective policies related to games that implement Web3 technologies
4. We predict the gaming token market cap grows to $40 billion
5. “Forever Brands” continue to ramp up in Web3
Stablecoins
6. Stablecoin volumes do surpass Visa in 2024
7. Percentage of stablecoin volume on Solana doubles
8. A decentralized synthetic USD stablecoin (ETH LST vs short perp) breaches $1 billion TVL in 2024
Ethereum and transaction flow
9. The proportion of staked ETH that is liquid staked breaches 50%
10. Total ETH outstanding hits 119,600,000
11. We predict the number of private transactions included in blocks to be twice where it is now (currently around 11%)
12. Gasless transactions become significantly more prevalent across crypto
13. Rollups hit the gas pedal
Markets
14. Token launch window stays open
15. Abu Dhabi leans further into crypto and founders lean further into Abu Dhabi
#BTC
#USDT
Gaming and brands
1. 2x-3x+ growth in Web3 game releases
2. More of the world’s largest Web2 game companies embrace Web3 in 2024
3. More Web3 enhanced games in the Apple App Store, the Google Play Store, and the Epic Games Store now that we have clarity on their respective policies related to games that implement Web3 technologies
4. We predict the gaming token market cap grows to $40 billion
5. “Forever Brands” continue to ramp up in Web3
Stablecoins
6. Stablecoin volumes do surpass Visa in 2024
7. Percentage of stablecoin volume on Solana doubles
8. A decentralized synthetic USD stablecoin (ETH LST vs short perp) breaches $1 billion TVL in 2024
Ethereum and transaction flow
9. The proportion of staked ETH that is liquid staked breaches 50%
10. Total ETH outstanding hits 119,600,000
11. We predict the number of private transactions included in blocks to be twice where it is now (currently around 11%)
12. Gasless transactions become significantly more prevalent across crypto
13. Rollups hit the gas pedal
Markets
14. Token launch window stays open
15. Abu Dhabi leans further into crypto and founders lean further into Abu Dhabi
#BTC
#USDT
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Understanding the Essential Difference: Tokens vs. Native Piece
In the complex world of cryptocurrencies and blockchain platforms, the distinction between tokens and the native coin is fundamental. To illustrate this difference, let's take a close look at the iconic case of Ethereum (ETH) and ERC-20 tokens.
1. The Native Coin: Ethereum (ETH)
Ethereum, one of the most influential blockchains, has its own native coin called Ether (ETH). Ether is not just a means of transaction on the platform; it is the fuel that powers the execution of smart contracts and transactions on the network. As a native coin, ETH is the central pivot around which the entire Ethereum ecosystem revolves.
1. The Native Coin: Ethereum (ETH)
Ethereum, one of the most influential blockchains, has its own native coin called Ether (ETH). Ether is not just a means of transaction on the platform; it is the fuel that powers the execution of smart contracts and transactions on the network. As a native coin, ETH is the central pivot around which the entire Ethereum ecosystem revolves.
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a red start to the week 😁😁
LIVE
CoinDesk
--
Bitcoin Dips Under $41K to Begin the Week in Red As Memecoin, Ordinals Frenzy Clogs Up Blockchains
Bitcoin [BTC] is opening the trading week in Asia down 1.6%, trading above $41,000. Ether [ETH] is also down 2% and is trading above $2,100.
Data from Coinglass have been $103.5 million in liquidations of token-tracked futures in the past 12 hours, and $95 million of them have been longs, or bets on higher prices. Of the $103.5 million in total liquidations, $33 million in bitcoin positions were liquidated with $29 million of those being long bitcoin positions.
Lucy Hu, a Senior Analyst with Hong Kong-based digital asset management firm Metalpha says the broader market continues to hold up quite well despite the recent Ledger hack with rate cuts on the horizon and things like ordinals driving more interest in bitcoin.
"The massive Ledger hack did swing some sentiment in the DeFi space and raises important questions on wallet security," she said in an email interview. "Besides, the stellar rise of Bitcoin Ordinals continues to fuel enthusiasm for Bitcoin miners, who have been heavily rewarded. We expect the long-term growth momentum of Bitcoin to remain on track."
Predictions still optimistic
Despite bitcoin's current correction phase, end-of-year predictions for 2024-2025 still remain optimistic especially when compared to last year's dour predictions of $10-12k bitcoin.
In a recent end-of-year report, Woo Network targets a $75K price point for BTC for "early 2024." Bitwise, has a similar price target, with the fund predicting that bitcoin will trade above $80,000.
"Spot bitcoin ETFs will be approved, and collectively will be the most successful ETF launch of all time," Bitwise also predicted. "Coinbase’s revenue will double, beating Wall Street expectations by at least 10x."
Memecoins clogging up Layer-1s
Gas fees are spiking on Ethereum and many layer-1 chains, such as Avalanche, as dozens of new meme coins flood the market.
Avalanche has generated $5 million in fees over the last 24 hours, while Ethereum, with its significantly larger market cap, has generated $13.52 million.
Arbitrum and Optimism have also seen a large spike in gas fees during the last week.
Some of these layer-1 tokens declined faster than bitcoin or ether, with AVAX down 6% and Solana's SOL token down 4%.
Data from Coinglass have been $103.5 million in liquidations of token-tracked futures in the past 12 hours, and $95 million of them have been longs, or bets on higher prices. Of the $103.5 million in total liquidations, $33 million in bitcoin positions were liquidated with $29 million of those being long bitcoin positions.
Lucy Hu, a Senior Analyst with Hong Kong-based digital asset management firm Metalpha says the broader market continues to hold up quite well despite the recent Ledger hack with rate cuts on the horizon and things like ordinals driving more interest in bitcoin.
"The massive Ledger hack did swing some sentiment in the DeFi space and raises important questions on wallet security," she said in an email interview. "Besides, the stellar rise of Bitcoin Ordinals continues to fuel enthusiasm for Bitcoin miners, who have been heavily rewarded. We expect the long-term growth momentum of Bitcoin to remain on track."
Predictions still optimistic
Despite bitcoin's current correction phase, end-of-year predictions for 2024-2025 still remain optimistic especially when compared to last year's dour predictions of $10-12k bitcoin.
In a recent end-of-year report, Woo Network targets a $75K price point for BTC for "early 2024." Bitwise, has a similar price target, with the fund predicting that bitcoin will trade above $80,000.
"Spot bitcoin ETFs will be approved, and collectively will be the most successful ETF launch of all time," Bitwise also predicted. "Coinbase’s revenue will double, beating Wall Street expectations by at least 10x."
Memecoins clogging up Layer-1s
Gas fees are spiking on Ethereum and many layer-1 chains, such as Avalanche, as dozens of new meme coins flood the market.
Avalanche has generated $5 million in fees over the last 24 hours, while Ethereum, with its significantly larger market cap, has generated $13.52 million.
Arbitrum and Optimism have also seen a large spike in gas fees during the last week.
Some of these layer-1 tokens declined faster than bitcoin or ether, with AVAX down 6% and Solana's SOL token down 4%.
LIVECoinDesk
--
BONK's Surge Send Prices of Solana Saga Phone Flying to $2K
A dog-themed meme token may have just resurrected sales of Solana’s Saga phone – with some now selling for as much as $5,000 after earlier being deemed a “failure” by its makers.
Several Saga phones on online marketplace eBay (EBAY) have been sold for upward of $2,000 apiece, site data shows. Most of these phones are listed as “sealed and unopened,” and their sellers are predominately from the U.S.
One phone was sold for as high as $5,000, The Block earlier reported.
Sales of Solana Saga phones picked up last week as some arbitrage traders appeared to be chasing a 30 million BONK token airdrop given to every phone owner. The airdrop was worth over $700 at peak last week – for a phone that costs $599.
Earlier in November, the dog-themed BONK gained rapid popularity among blockchain users, spiking as much as 110% during one 24-hour period and extending 30-day gains to over 700%.
That seemingly lifted the fortunes of the Saga phone, whose disappointing sales prompted uncertainty about its future previously
“We haven’t seen a ton of signal whether that’s a compelling enough thing to sell 50,000 units,” Solana founder Anatoly Yakovenko said during an interview at the time. “I think 25,000 to 50,000 units to feel like there is a hardcore user base for developers to be compelled to ship applications.”
The phone first went on sale earlier this year, and in August, its price was cut to $599 from $1,000.
Saga has since sold out in the U.S. and European Union, Solana co-founder Raj Gokal posted last Friday.
Several Saga phones on online marketplace eBay (EBAY) have been sold for upward of $2,000 apiece, site data shows. Most of these phones are listed as “sealed and unopened,” and their sellers are predominately from the U.S.
One phone was sold for as high as $5,000, The Block earlier reported.
Sales of Solana Saga phones picked up last week as some arbitrage traders appeared to be chasing a 30 million BONK token airdrop given to every phone owner. The airdrop was worth over $700 at peak last week – for a phone that costs $599.
Earlier in November, the dog-themed BONK gained rapid popularity among blockchain users, spiking as much as 110% during one 24-hour period and extending 30-day gains to over 700%.
That seemingly lifted the fortunes of the Saga phone, whose disappointing sales prompted uncertainty about its future previously
“We haven’t seen a ton of signal whether that’s a compelling enough thing to sell 50,000 units,” Solana founder Anatoly Yakovenko said during an interview at the time. “I think 25,000 to 50,000 units to feel like there is a hardcore user base for developers to be compelled to ship applications.”
The phone first went on sale earlier this year, and in August, its price was cut to $599 from $1,000.
Saga has since sold out in the U.S. and European Union, Solana co-founder Raj Gokal posted last Friday.
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Tokens and Smart Contracts: Catalysts of the Digital Economy
At the heart of the digital revolution, tokens and smart contracts are emerging as the unshakable foundations of the decentralized economy. Let's dive into this captivating universe that redefines our relationship with value and trust.
1. Tokens: Carriers of Digital Value
Tokens, true emissaries of value, transcend physical borders to define a new era of exchange. From iconic cryptocurrencies to unique NFTs, these units of value, anchored in the blockchain, open doors to fast, transparent and unhindered exchanges.
1. Tokens: Carriers of Digital Value
Tokens, true emissaries of value, transcend physical borders to define a new era of exchange. From iconic cryptocurrencies to unique NFTs, these units of value, anchored in the blockchain, open doors to fast, transparent and unhindered exchanges.
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Digital Currencies: Tokens and Accounts at a Glance
💸 Introduction:
Let's dive into the world of digital currencies, where tokens and accounts are shaping a new financial era.
1. Tokens: Carriers of Digital Value
Tokens are the real heroes of the digital economy. Think of them like coins or bills, but digital. Each token represents a unit of value, whether cryptocurrencies like Bitcoin or unique digital assets like NFTs. These small units play a major role in facilitating trade and representing value on blockchains.
2. Accounts: The Keys to Access
Accounts, for their part, are the gateways to this digital universe. Everyone has an account, identified by a unique address. It's like your personal digital wallet. Inside you store your tokens and make transactions. Accounts are secured by keys, one public to receive funds and one private to authorize outgoing transactions.
3. The Revolutionized Exchange:
Imagine you want to send tokens to a friend. You enter their account address, specify the quantity of tokens, and voilà! It is a peer-to-peer transaction without intermediaries, fast and transparent thanks to blockchain technology. Accounts and tokens are the key players in this digital ballet, breaking down barriers and opening up endless possibilities.
Conclusion :
Digital currencies, with their tokens and accounts, transcend traditional boundaries. They give life to a digital economy where exchanges are rapid, borders are erased, and value takes new forms. By embracing this revolution, we are shaping the future of financial transactions and pushing the boundaries of innovation.
🚀 Explore, exchange, and participate in the digital currency revolution!
#BTC
#BinanceWish
#BinanceTournament
💸 Introduction:
Let's dive into the world of digital currencies, where tokens and accounts are shaping a new financial era.
1. Tokens: Carriers of Digital Value
Tokens are the real heroes of the digital economy. Think of them like coins or bills, but digital. Each token represents a unit of value, whether cryptocurrencies like Bitcoin or unique digital assets like NFTs. These small units play a major role in facilitating trade and representing value on blockchains.
2. Accounts: The Keys to Access
Accounts, for their part, are the gateways to this digital universe. Everyone has an account, identified by a unique address. It's like your personal digital wallet. Inside you store your tokens and make transactions. Accounts are secured by keys, one public to receive funds and one private to authorize outgoing transactions.
3. The Revolutionized Exchange:
Imagine you want to send tokens to a friend. You enter their account address, specify the quantity of tokens, and voilà! It is a peer-to-peer transaction without intermediaries, fast and transparent thanks to blockchain technology. Accounts and tokens are the key players in this digital ballet, breaking down barriers and opening up endless possibilities.
Conclusion :
Digital currencies, with their tokens and accounts, transcend traditional boundaries. They give life to a digital economy where exchanges are rapid, borders are erased, and value takes new forms. By embracing this revolution, we are shaping the future of financial transactions and pushing the boundaries of innovation.
🚀 Explore, exchange, and participate in the digital currency revolution!
#BTC
#BinanceWish
#BinanceTournament
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Evolution of Web3 Wallets: From Wallet 1.0 to Wallet 2.0 (Part 2/2)
Wallet 2.0: The Transformation towards Complete Decentralization
Interconnectivity with dApps:
Wallets 2.0 introduced unprecedented interconnectivity with Decentralized Applications (dApps). These wallets have become portals to a decentralized ecosystem, allowing users to explore and interact with various services.
💡 Key Change:
Seamless integration with dApps has expanded the utility of Wallets 2.0, prompting wider adoption.
Wallet 2.0: Main Features:
1.dApp interconnectivity:
Direct access and interaction with an ever-expanding ecosystem of dApps.
2.Improved Asset Management:
Expanded support for a growing variety of assets, including NFTs.
3.Intuitive User Interface:
User-friendly design to attract a wider audience.
Transitioning to Wallet 3.0:
Although Wallets 2.0 have greatly improved the user experience, challenges remain, particularly around security and private key management.
Conclusion :
The evolution of Web3 Wallets, from 1.0 to 2.0, represents a major step forward in creating user-friendly decentralized infrastructures. The next part will explore the challenges and innovations towards Wallets 3.0, redefining our interaction with digital assets.
🚀 Stay tuned to discover the exciting continuation of this evolution of Web3 Wallets!
#Web3WalletRevolution
#CryptoEvolution
#DecentralizedJourney
Wallet 2.0: The Transformation towards Complete Decentralization
Interconnectivity with dApps:
Wallets 2.0 introduced unprecedented interconnectivity with Decentralized Applications (dApps). These wallets have become portals to a decentralized ecosystem, allowing users to explore and interact with various services.
💡 Key Change:
Seamless integration with dApps has expanded the utility of Wallets 2.0, prompting wider adoption.
Wallet 2.0: Main Features:
1.dApp interconnectivity:
Direct access and interaction with an ever-expanding ecosystem of dApps.
2.Improved Asset Management:
Expanded support for a growing variety of assets, including NFTs.
3.Intuitive User Interface:
User-friendly design to attract a wider audience.
Transitioning to Wallet 3.0:
Although Wallets 2.0 have greatly improved the user experience, challenges remain, particularly around security and private key management.
Conclusion :
The evolution of Web3 Wallets, from 1.0 to 2.0, represents a major step forward in creating user-friendly decentralized infrastructures. The next part will explore the challenges and innovations towards Wallets 3.0, redefining our interaction with digital assets.
🚀 Stay tuned to discover the exciting continuation of this evolution of Web3 Wallets!
#Web3WalletRevolution
#CryptoEvolution
#DecentralizedJourney
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Evolution of Web3 Wallets: From Wallet 1.0 to Wallet 2.0 (Part 1/3)
🌐 Introduction:
Web3 wallets have come a long way, evolving from simple storage tools to powerful interfaces integrating decentralized functionality. Explore this fascinating evolution, from Wallet 1.0 to Wallet 2.0.
Wallet 1.0: The Genesis
In the early days of cryptocurrencies, Wallets 1.0 were basic applications intended to store and manage private keys. They were often heavy software, requiring local installation and lacking usability for non-technical users.
💡 Key Change:
The arrival of Wallets 1.0 marked the beginning of financial autonomy, but their complexity limited their adoption.
Wallet 1.0: Main Features:
1.Private key storage:
Users could securely store their private keys, ensuring full control of their assets.
2.Basic asset management:
Features were limited to basic digital asset management.
3.Limited user interface:
Interfaces were often unfriendly, limiting widespread adoption.
Transitioning to Wallet 2.0:
The need to improve the user experience has catalyzed the evolution towards Wallets 2.0. They no longer just store cryptos; they pave the way for a multitude of decentralized functionalities.
👉 Part 2 continues tomorrow
#Web3WalletRevolution
#CryptoEvolution
#DecentralizedJourney
🌐 Introduction:
Web3 wallets have come a long way, evolving from simple storage tools to powerful interfaces integrating decentralized functionality. Explore this fascinating evolution, from Wallet 1.0 to Wallet 2.0.
Wallet 1.0: The Genesis
In the early days of cryptocurrencies, Wallets 1.0 were basic applications intended to store and manage private keys. They were often heavy software, requiring local installation and lacking usability for non-technical users.
💡 Key Change:
The arrival of Wallets 1.0 marked the beginning of financial autonomy, but their complexity limited their adoption.
Wallet 1.0: Main Features:
1.Private key storage:
Users could securely store their private keys, ensuring full control of their assets.
2.Basic asset management:
Features were limited to basic digital asset management.
3.Limited user interface:
Interfaces were often unfriendly, limiting widespread adoption.
Transitioning to Wallet 2.0:
The need to improve the user experience has catalyzed the evolution towards Wallets 2.0. They no longer just store cryptos; they pave the way for a multitude of decentralized functionalities.
👉 Part 2 continues tomorrow
#Web3WalletRevolution
#CryptoEvolution
#DecentralizedJourney
See original
Web3: In-Depth Discussions on Opportunities, Challenges and Implications (Part 2/3)
🌐 Educational and Economic Opportunities (Continued):
1.🎓 Democratization of Education:
The Web3 ecosystem breaks down educational boundaries, providing global access to diverse resources.
2.💻 New Forms of Learning:
NFTs are revolutionizing certification, creating incentives for lifelong learning.
3.🌐 Global Collaboration:
Decentralization promotes global educational collaboration, transcending traditional boundaries.
💡 Governance Issues (Continued):
1.⚖️ Decentralization vs. Efficiency:
Finding the delicate balance between decentralization and efficiency in governance remains a challenge.
2.📚 Education on Decentralized Governance:
Increasing understanding of decentralized governance models is essential for informed participation.
3.🌐 Diversity in Governance:
Promoting diversity in decision-making processes avoids the concentration of power.
🌍 Social Impacts:
1.🤝 New Forms of Collaboration:
Web3 offers more equitable collaborative models, reinventing the way individuals interact.
2.🌍 Financial and Social Inclusion:
Decentralization opens doors for financial inclusion, reducing global disparities.
3.🔐 Individual Empowerment:
Users have increased control over their data, strengthening their autonomy and digital power.
💡 Technical Challenges and Environmental Considerations:
1.🌐 Blockchain Scalability:
Continued efforts to improve the performance of blockchains are crucial in the face of increasing adoption.
2.🔐 Protocol Security:
Ensuring the security of decentralized protocols is essential to building lasting trust.
3.🌱 Environmental Awareness:
Environmental awareness becomes imperative to encourage respectful practices.
#Web3SocialMedia
#CryptoEducation
#Cryptobeginner
🌐 Educational and Economic Opportunities (Continued):
1.🎓 Democratization of Education:
The Web3 ecosystem breaks down educational boundaries, providing global access to diverse resources.
2.💻 New Forms of Learning:
NFTs are revolutionizing certification, creating incentives for lifelong learning.
3.🌐 Global Collaboration:
Decentralization promotes global educational collaboration, transcending traditional boundaries.
💡 Governance Issues (Continued):
1.⚖️ Decentralization vs. Efficiency:
Finding the delicate balance between decentralization and efficiency in governance remains a challenge.
2.📚 Education on Decentralized Governance:
Increasing understanding of decentralized governance models is essential for informed participation.
3.🌐 Diversity in Governance:
Promoting diversity in decision-making processes avoids the concentration of power.
🌍 Social Impacts:
1.🤝 New Forms of Collaboration:
Web3 offers more equitable collaborative models, reinventing the way individuals interact.
2.🌍 Financial and Social Inclusion:
Decentralization opens doors for financial inclusion, reducing global disparities.
3.🔐 Individual Empowerment:
Users have increased control over their data, strengthening their autonomy and digital power.
💡 Technical Challenges and Environmental Considerations:
1.🌐 Blockchain Scalability:
Continued efforts to improve the performance of blockchains are crucial in the face of increasing adoption.
2.🔐 Protocol Security:
Ensuring the security of decentralized protocols is essential to building lasting trust.
3.🌱 Environmental Awareness:
Environmental awareness becomes imperative to encourage respectful practices.
#Web3SocialMedia
#CryptoEducation
#Cryptobeginner
See original
Web3: In-Depth Discussions on Opportunities, Challenges and Implications (Part 1/3)
🌐 Educational and Economic Opportunities:
In the Web3 ecosystem, education becomes global and democratized. Access to decentralized educational resources facilitates learning, opening up new economic opportunities. The tokenization of certifications via NFTs encourages lifelong learning, forming an ecosystem where educational collaboration transcends geographic barriers.
💡 Governance and Diversity Issues:
Decentralized governance, the pillar of Web3, poses challenges. Finding the balance between decentralization and decision-making efficiency is crucial. Education on decentralized governance models becomes imperative for informed participation. Promoting diversity in these governance processes is essential to avoid the concentration of power.
🌍 Social Impacts:
Web3 redefines collaboration, creating more equitable relationships. Financial and social inclusion is promoted, providing opportunities to previously excluded populations. Individual empowerment is enhanced by increased control over personal data, building a more privacy-friendly digital ecosystem.
💡 Technical Challenges and Environmental Considerations:
Blockchain scalability, protocol security and interoperability remain challenges. The energy impact debate highlights the need for sustainable solutions. Education on these environmental considerations is crucial to inspire more respectful practices.
🌐 Vision for the Future of Web3:
Integrating artificial intelligence into decentralized networks promises smarter applications. The goal of inclusion and equity is clear, creating an ecosystem conducive to continued innovation.
👉 Continued in Part 2: Let's explore the educational opportunities, governance issues and social impacts of Web3 in more depth.
#web3
#Cryptoeducation🔥
#Cryptobeginner
🌐 Educational and Economic Opportunities:
In the Web3 ecosystem, education becomes global and democratized. Access to decentralized educational resources facilitates learning, opening up new economic opportunities. The tokenization of certifications via NFTs encourages lifelong learning, forming an ecosystem where educational collaboration transcends geographic barriers.
💡 Governance and Diversity Issues:
Decentralized governance, the pillar of Web3, poses challenges. Finding the balance between decentralization and decision-making efficiency is crucial. Education on decentralized governance models becomes imperative for informed participation. Promoting diversity in these governance processes is essential to avoid the concentration of power.
🌍 Social Impacts:
Web3 redefines collaboration, creating more equitable relationships. Financial and social inclusion is promoted, providing opportunities to previously excluded populations. Individual empowerment is enhanced by increased control over personal data, building a more privacy-friendly digital ecosystem.
💡 Technical Challenges and Environmental Considerations:
Blockchain scalability, protocol security and interoperability remain challenges. The energy impact debate highlights the need for sustainable solutions. Education on these environmental considerations is crucial to inspire more respectful practices.
🌐 Vision for the Future of Web3:
Integrating artificial intelligence into decentralized networks promises smarter applications. The goal of inclusion and equity is clear, creating an ecosystem conducive to continued innovation.
👉 Continued in Part 2: Let's explore the educational opportunities, governance issues and social impacts of Web3 in more depth.
#web3
#Cryptoeducation🔥
#Cryptobeginner
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Evolution of Digital Economies: From Web1 to Web3 (Part 2/2)
🌐 Web3: Transformative Technologies
1. Blockchain:
Blockchain, the foundation of Web3, provides transparency, immutability and autonomy, eliminating the need for centralized intermediaries.
2. Smart Contracts:
Automating the execution of agreements, smart contracts build trust and reduce transaction costs.
3. Non-Fungible Tokens (NFTs):
Revolutionizing ownership of digital assets, NFTs enable unique representation and ownership online.
4. Decentralized Finance (DeFi):
DeFi offers traditional financial services without the intermediation of institutions, promoting financial democratization.
5. Decentralized Governance:
Decentralized models allow inclusive user participation in decisions related to projects and protocols.
💡 Key Change:
Transition from centralized platform dominance to an ecosystem where users own and control their digital assets.
🚀 For Blockchain Pioneers:
Contribute to the evolution of Web3 by exploring new applications through projects, investments or creation of decentralized communities.
🌐 Conclusion:
We are witnessing a fundamental transformation in our digital interaction. Web3 offers not only technological alternatives, but also a bold vision of an Internet where ownership and control are distributed.
👉 Stay tuned:
For in-depth discussions on the opportunities, challenges and implications of Web3. Together, let's write the next chapter of online history.
#CryptocurrencyEducation
#Cryptobeginner
#Web3🤝🥊🌐
🌐 Web3: Transformative Technologies
1. Blockchain:
Blockchain, the foundation of Web3, provides transparency, immutability and autonomy, eliminating the need for centralized intermediaries.
2. Smart Contracts:
Automating the execution of agreements, smart contracts build trust and reduce transaction costs.
3. Non-Fungible Tokens (NFTs):
Revolutionizing ownership of digital assets, NFTs enable unique representation and ownership online.
4. Decentralized Finance (DeFi):
DeFi offers traditional financial services without the intermediation of institutions, promoting financial democratization.
5. Decentralized Governance:
Decentralized models allow inclusive user participation in decisions related to projects and protocols.
💡 Key Change:
Transition from centralized platform dominance to an ecosystem where users own and control their digital assets.
🚀 For Blockchain Pioneers:
Contribute to the evolution of Web3 by exploring new applications through projects, investments or creation of decentralized communities.
🌐 Conclusion:
We are witnessing a fundamental transformation in our digital interaction. Web3 offers not only technological alternatives, but also a bold vision of an Internet where ownership and control are distributed.
👉 Stay tuned:
For in-depth discussions on the opportunities, challenges and implications of Web3. Together, let's write the next chapter of online history.
#CryptocurrencyEducation
#Cryptobeginner
#Web3🤝🥊🌐
See original
Evolution of Digital Economies: From Web1 to Web3 (Part 1/2)
🌐 Web1: The Information Age
In the early days of the Web (Web1), access to information was the protagonist. Static sites dominated, offering one-way information consumption. The key transition was from simply absorbing information to actively seeking it out.
💡 Bitcoin and Decentralization: At the same time, the emergence of Bitcoin brought decentralization into a still centralized landscape.
🌐 Web2: The Age of Social Networks and Platforms
Web2 has seen the rise of social networks and collaborative platforms, transforming the way we interact online. Tech giants have become omnipresent, controlling access and exploiting data.
💡 Emergence of dApps: The first decentralized applications (dApps) paved the way towards a new vision of the Web, escaping centralized models.
🌐 Web3: The Era of Decentralization and Distributed Ownership
Today, Web3 is redefining our interactions by introducing decentralization and distributed ownership. Individuals are realizing the value of their data, seeking to regain control.
💡 Smart Contracts and NFTs: Smart contracts and non-fungible tokens (NFTs) are at the forefront, offering new business models.
👉 Continued in Part 2: Let's explore specific Web3 technologies and their impact on online creation, sharing and possession.
#Web3🤝🥊🌐
#Cryptoeducation🔥
🌐 Web1: The Information Age
In the early days of the Web (Web1), access to information was the protagonist. Static sites dominated, offering one-way information consumption. The key transition was from simply absorbing information to actively seeking it out.
💡 Bitcoin and Decentralization: At the same time, the emergence of Bitcoin brought decentralization into a still centralized landscape.
🌐 Web2: The Age of Social Networks and Platforms
Web2 has seen the rise of social networks and collaborative platforms, transforming the way we interact online. Tech giants have become omnipresent, controlling access and exploiting data.
💡 Emergence of dApps: The first decentralized applications (dApps) paved the way towards a new vision of the Web, escaping centralized models.
🌐 Web3: The Era of Decentralization and Distributed Ownership
Today, Web3 is redefining our interactions by introducing decentralization and distributed ownership. Individuals are realizing the value of their data, seeking to regain control.
💡 Smart Contracts and NFTs: Smart contracts and non-fungible tokens (NFTs) are at the forefront, offering new business models.
👉 Continued in Part 2: Let's explore specific Web3 technologies and their impact on online creation, sharing and possession.
#Web3🤝🥊🌐
#Cryptoeducation🔥
See original
tether will freeze sanctioned accounts
LIVECointelegraph
--
Tether Announces Wallet-freezing Policy for OFAC-sanctioned Persons
Stablecoin issuer Tether has announced another step toward cooperation with law enforcement and regulatory agencies by initiating a voluntary wallet-freezing policy, according to a blog post on Dec. 9.
Since Dec. 1, Tether has been offering on the secondary market controls to freeze activity connected with Sanctioned persons on the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List. Companies and individuals controlled or owned by sanctioned countries are included on the list.
According to Tether, the policy will supplement existing security protocols and is a “proactive effort to work even more closely with global regulators and law enforcement agencies.”
Tether Introduces New Policy to Strengthen Ecosystem SecurityRead more ⬇️https://t.co/kCCFhLflfb
— Tether (@Tether_to) December 9, 2023
The U.S. Department of the Treasury has been using the list to curb crypto transactions potentially connected to illegal activities, including funding terrorism and unauthorized fentanyl distribution.
Wallets previously added to the SDN List have already been frozen by Tether, a move that contradicts the company’s previous positions on the matter. In August 2022, for example, Tether announced it wouldn’t proactively freeze sanctioned Tornado Cash addresses unless instructed by law enforcement. According to the OFAC, individuals and criminal organizations have used Tornado Cash to launder over $7 billion in cryptocurrency since 2019.
"By executing voluntary wallet address freezing of new additions to the SDN List and freezing previously added addresses, we will be able to further strengthen the positive usage of stablecoin technology and promote a safer stablecoin ecosystem for all users," said Paolo Ardoino, CEO of Tether.
The company based in Hong Kong is behind the stablecoin Tether (USDT), whose market capitalization reached all-time highs during the crackdown on crypto firms in the U.S. over the past months. Currently, its market capitalization is at $90 billion, indicating a strong demand for the stablecoin that holds nearly 70% of the market.
Magazine: Lawmakers’ fear and doubt drives proposed crypto regulations in US
Since Dec. 1, Tether has been offering on the secondary market controls to freeze activity connected with Sanctioned persons on the United States Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List. Companies and individuals controlled or owned by sanctioned countries are included on the list.
According to Tether, the policy will supplement existing security protocols and is a “proactive effort to work even more closely with global regulators and law enforcement agencies.”
Tether Introduces New Policy to Strengthen Ecosystem SecurityRead more ⬇️https://t.co/kCCFhLflfb
— Tether (@Tether_to) December 9, 2023
The U.S. Department of the Treasury has been using the list to curb crypto transactions potentially connected to illegal activities, including funding terrorism and unauthorized fentanyl distribution.
Wallets previously added to the SDN List have already been frozen by Tether, a move that contradicts the company’s previous positions on the matter. In August 2022, for example, Tether announced it wouldn’t proactively freeze sanctioned Tornado Cash addresses unless instructed by law enforcement. According to the OFAC, individuals and criminal organizations have used Tornado Cash to launder over $7 billion in cryptocurrency since 2019.
"By executing voluntary wallet address freezing of new additions to the SDN List and freezing previously added addresses, we will be able to further strengthen the positive usage of stablecoin technology and promote a safer stablecoin ecosystem for all users," said Paolo Ardoino, CEO of Tether.
The company based in Hong Kong is behind the stablecoin Tether (USDT), whose market capitalization reached all-time highs during the crackdown on crypto firms in the U.S. over the past months. Currently, its market capitalization is at $90 billion, indicating a strong demand for the stablecoin that holds nearly 70% of the market.
Magazine: Lawmakers’ fear and doubt drives proposed crypto regulations in US
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Binance airdrop
LIVEMastering Crypto
--
Bullish
BIGGEST AIRDROP IN THE HISTORY OF BINANCE IS LIVE 😱😱
🔴 CHANCE TO GET 1 FULL BTC 🔴
📢 ACTIVITY PERIOD:
2023-12-05 00:00 (UTC) to 2023-12-31 23:59 (UTC)
🔶️ To participate, simply click on the activity page and complete at least one swap in Binance Web3 Wallet. You could be one of the lucky winners to receive up to 1 BTC! The rewards will be airdropped directly into your Binance Web3 Wallet. Any comment under this post.
💵 Rewards Structure:
- A total of $500,000 equivalent in rewards from top contributors like Binance, Acala, Alchemy Pay, and more.
- One million users stand a chance to receive a maximum of one reward each.
🤟 How Winners Will Be Selected:
- The BNB Beacon Chain Hash Value at 2023-12-31 23:59 (UTC) will be the basis for winner selection.
- The user with the most matching digits in their Binance UID will receive the 1 BTC reward.
🔴 Terms & Conditions:
- Participants must adhere to Activity Terms, Binance Terms and Conditions for Prize Promotions, Binance Terms of Use, and Binance Privacy Policy.
- Only users from qualified regions who click [Join Now] and complete KYC are eligible for rewards.
- New users can register for a Binance account and enjoy a 10% spot trading fee discount.
- Rewards value calculated based on token closing prices at 2023-11-17 23:59 (UTC).
- Token rewards are airdropped within two weeks after the activity ends.
✅️ Check your eligibility, join the fun, and get a chance to win big! Don't miss out on this incredible opportunity with Binance.
📛 Note: This is a general announcement, and products/services may not be available in all regions. Terms and conditions apply.
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#BinanceTournament #BTC
🔴 CHANCE TO GET 1 FULL BTC 🔴
📢 ACTIVITY PERIOD:
2023-12-05 00:00 (UTC) to 2023-12-31 23:59 (UTC)
🔶️ To participate, simply click on the activity page and complete at least one swap in Binance Web3 Wallet. You could be one of the lucky winners to receive up to 1 BTC! The rewards will be airdropped directly into your Binance Web3 Wallet. Any comment under this post.
💵 Rewards Structure:
- A total of $500,000 equivalent in rewards from top contributors like Binance, Acala, Alchemy Pay, and more.
- One million users stand a chance to receive a maximum of one reward each.
🤟 How Winners Will Be Selected:
- The BNB Beacon Chain Hash Value at 2023-12-31 23:59 (UTC) will be the basis for winner selection.
- The user with the most matching digits in their Binance UID will receive the 1 BTC reward.
🔴 Terms & Conditions:
- Participants must adhere to Activity Terms, Binance Terms and Conditions for Prize Promotions, Binance Terms of Use, and Binance Privacy Policy.
- Only users from qualified regions who click [Join Now] and complete KYC are eligible for rewards.
- New users can register for a Binance account and enjoy a 10% spot trading fee discount.
- Rewards value calculated based on token closing prices at 2023-11-17 23:59 (UTC).
- Token rewards are airdropped within two weeks after the activity ends.
✅️ Check your eligibility, join the fun, and get a chance to win big! Don't miss out on this incredible opportunity with Binance.
📛 Note: This is a general announcement, and products/services may not be available in all regions. Terms and conditions apply.
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#BinanceTournament #BTC
See original
Stablecoins: Demystification (Part 2/2)
🔍 Types of Stablecoins:
1. Stablecoins backed by fiat currency (Fiat):
Example: USDC, USDT, EURSAbacked by currencies such as the US dollar or the euro, they offer stability directly linked to traditional currencies.
2. Commodity-backed stablecoins:
Example: DGX (backed by gold)Linked to commodity reserves like gold, these Stablecoins aim to combine stability with the tangible benefits of physical assets.
3. Stablecoins backed by other cryptocurrencies:
Example: DAI (backed by crypto-collaterals) Use crypto-collaterals or decentralized mechanisms to maintain their stability, providing a decentralized alternative to models backed by fiat currencies.
🚀 Impact on DeFi:
1. Decentralized Loan and Borrowing:
Stablecoins play a central role in decentralized lending protocols, allowing users to earn interest or borrow without being exposed to volatility.
2. Decentralized Trading (DEX):
Essential for decentralized exchanges, Stablecoins facilitate trading without the need for volatile trading pairs.
3. Synthetic Tokens:
Stablecoins are often used as a basis for the creation of synthetic tokens representing various assets, expanding investment possibilities.
4. Reserve of Value:
Stablecoins have become a common store of value in the DeFi ecosystem, providing users with a way to protect their funds against volatility.
🌐 Conclusion:
Stablecoins have evolved beyond their initial role as a value stabilizer to become key players in the decentralized financial revolution. Their adoption continues to fuel the expansion of DeFi and offers new prospects for global financial inclusion.
Stay tuned for more content on the exciting developments in blockchain and cryptocurrencies!
#stablecoins.
#FinanceDécentralisé
#CryptocurrencyEducation
#Cryptobeginner
🔍 Types of Stablecoins:
1. Stablecoins backed by fiat currency (Fiat):
Example: USDC, USDT, EURSAbacked by currencies such as the US dollar or the euro, they offer stability directly linked to traditional currencies.
2. Commodity-backed stablecoins:
Example: DGX (backed by gold)Linked to commodity reserves like gold, these Stablecoins aim to combine stability with the tangible benefits of physical assets.
3. Stablecoins backed by other cryptocurrencies:
Example: DAI (backed by crypto-collaterals) Use crypto-collaterals or decentralized mechanisms to maintain their stability, providing a decentralized alternative to models backed by fiat currencies.
🚀 Impact on DeFi:
1. Decentralized Loan and Borrowing:
Stablecoins play a central role in decentralized lending protocols, allowing users to earn interest or borrow without being exposed to volatility.
2. Decentralized Trading (DEX):
Essential for decentralized exchanges, Stablecoins facilitate trading without the need for volatile trading pairs.
3. Synthetic Tokens:
Stablecoins are often used as a basis for the creation of synthetic tokens representing various assets, expanding investment possibilities.
4. Reserve of Value:
Stablecoins have become a common store of value in the DeFi ecosystem, providing users with a way to protect their funds against volatility.
🌐 Conclusion:
Stablecoins have evolved beyond their initial role as a value stabilizer to become key players in the decentralized financial revolution. Their adoption continues to fuel the expansion of DeFi and offers new prospects for global financial inclusion.
Stay tuned for more content on the exciting developments in blockchain and cryptocurrencies!
#stablecoins.
#FinanceDécentralisé
#CryptocurrencyEducation
#Cryptobeginner
See original
Stablecoins: An Introduction for Everyone
🌐 Definition:
Stablecoins are a special category of cryptocurrencies designed to maintain stability of value by being backed by more traditional assets such as fiat currencies, commodities or other cryptocurrencies. Their goal is to mitigate the volatility often associated with other cryptocurrencies such as Bitcoin and Ethereum.
Key Properties:
1. Stability of Value: Unlike other cryptocurrencies subject to significant fluctuations, Stablecoins aim to maintain a stable parity with an underlying asset.
2. Asset-backed: Stability is generally achieved by backing Stablecoins to tangible assets such as fiat currencies (USD, EUR), commodities, or other cryptocurrencies.
3. Payment Features: Due to their stability, Stablecoins are often used as a means of payment, facilitating everyday transactions.
4. Transparency: Most stablecoin projects regularly publish audits and underlying reserves to ensure transparency and user trust.
🚀 For Novices:
If you're new to the world of cryptocurrencies, think of Stablecoins as "stable cryptocurrencies" designed to minimize price fluctuations, making them more predictable for everyday use.
💡 For those in the know:
Stablecoins have become a critical pillar in the blockchain ecosystem, providing a solution to volatility challenges while paving the way for efficient decentralized finance (DeFi) applications and payments.
Stay tuned for part two, where we will explore the different types of Stablecoins and their impact on the evolution of decentralized finance.
#Stablecoins
#CryptocurrencyEducation
#CryptoBeginner
🌐 Definition:
Stablecoins are a special category of cryptocurrencies designed to maintain stability of value by being backed by more traditional assets such as fiat currencies, commodities or other cryptocurrencies. Their goal is to mitigate the volatility often associated with other cryptocurrencies such as Bitcoin and Ethereum.
Key Properties:
1. Stability of Value: Unlike other cryptocurrencies subject to significant fluctuations, Stablecoins aim to maintain a stable parity with an underlying asset.
2. Asset-backed: Stability is generally achieved by backing Stablecoins to tangible assets such as fiat currencies (USD, EUR), commodities, or other cryptocurrencies.
3. Payment Features: Due to their stability, Stablecoins are often used as a means of payment, facilitating everyday transactions.
4. Transparency: Most stablecoin projects regularly publish audits and underlying reserves to ensure transparency and user trust.
🚀 For Novices:
If you're new to the world of cryptocurrencies, think of Stablecoins as "stable cryptocurrencies" designed to minimize price fluctuations, making them more predictable for everyday use.
💡 For those in the know:
Stablecoins have become a critical pillar in the blockchain ecosystem, providing a solution to volatility challenges while paving the way for efficient decentralized finance (DeFi) applications and payments.
Stay tuned for part two, where we will explore the different types of Stablecoins and their impact on the evolution of decentralized finance.
#Stablecoins
#CryptocurrencyEducation
#CryptoBeginner
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