Coinpedia News || Crypto and Fintech News
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#Cryptocurrencies have been taking the world by storm in recent years. Their #decentralized and borderless nature has made them an attractive alternative to traditional #fiat currencies. 

As a result, many countries have been quick to adopt cryptocurrencies, and their use is rapidly growing around the globe. So, which countries are leading the charge in crypto #adoption?

Here are the top 8 #crypto countries, ranked by their level of adoption.
Embrace the power of #Bitcoin and the Lightning Network! ⚑️ Discover the incredible benefits they offer with commission costs as low as 0.0029% on Bitcoin #transactions.

Say goodbye to traditional banking and enjoy #decentralized, secure transactions at lightning speed. Join the movement towards financial sovereignty and unlock possibilities with Bitcoin and the #LightningNetwork !
In what ways does #Friendtech differentiate itself from other social #decentralized applications in the #cryptocurrency space?

Friendtech's social app earns $1.42 million from fees, supported by Paradigm.
#Coinbase's Base helps brands like Coca-Cola mint NFTs. Friendtech gains attention with $709,739 revenue and plans to distribute 100 million points.

Don't Miss this Interesting News! Must Read....
https://coinpedia.org/news/friendtech-a-social-dapp-generates-1-42m-in-fees-and-709k-in-revenue-within-24-hours/
Want to know Why did #Friend.Tech's daily trading volume go from $16.9 million on August 21 to just $953,000 within a week?😒

Friend.Tech, a
#decentralized social platform, saw a 94% drop in #trading volume in six days, losing 83% daily #traders in ten days.😱

What's Next for Friend.Tech? 😨Click below to know more..
https://coinpedia.org/news/is-friend-tech-dead-activity-and-fees-continue-to-decline-rapidly/
It's poll o'clock! πŸ“Š

Which type of crypto exchange do you use? #DEX #CEX #decentralized
Anonymous Poll
14%
🏦 Centralized
0%
🌐 Decentralized
86%
🏦🌐 Both
The market cap of #stablecoins is ~$130B, making up 8.24% of the total #crypto market. Leading the pack: Tether (#USDT) with a massive $91.04B market cap, USD Coin (#USDC) at $24.87B, and Dai (#DAI) at $5.35B.

Resilient against #market volatility, stablecoins have maintained their pegs amidst increased regulatory scrutiny and a shift towards #decentralized models.

These top stablecoins dominate the market by share, highlighting their significant role in the #cryptocurrency world.
Top #CryptoNews In Last 12 Hours


1️⃣ #Bitcoin spot ETFs saw $146M inflow for 9 days. #Grayscale had $80.78M outflow, while other #ETFs gained $226M. Fidelity gained $130M.

2️⃣Hong Kong proposes legislative consultation on #cryptocurrency and fiat currency swaps, License required from the Commissioner of Customs, anti-money laundering supervision, transitional arrangements.

3️⃣ #Binance Launchpool introduces Pixels (PIXEL) game on #Ronin Network. Users can farm PIXEL tokens by staking BNB and FDUSD.

4️⃣ Hong Kong SFC updates crypto exchange license: adds bitV, YAX, Bullish. 16 total applicants; Ammbr, BitHarbour, Meex applications returned.

5️⃣ #OKX launches exchange and Web3 wallet in Argentina, supporting Spanish and local payment methods. President Hong Fang emphasizes regional growth strategy.

6️⃣ Justin Sun transferred $258M worth of stETH to EigenLayer 11 hours ago. His address still holds $301M worth of WSTETH.

7️⃣ SEC's Hester Peirce advocates for a #crypto innovation-friendly safe harbor, proposing a three-year grace period for development teams to participate and create a #decentralized network.

#Crypto #Blockchain
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Source: @CNBC

Gary Gensler Says Bitcoin Is "Not That Decentralized’'

πŸ”΅
In a new interview on CNBC, #Gensler says #Bitcoin (BTC) isn't as #decentralized as commonly believed, citing centralized #crypto exchanges as a factor.

πŸ”΅ Gensler argues that Bitcoin's decentralization should not be solely attributed to its availability on various exchanges but rather to its underlying blockchain technology.

πŸ”΅ Gensler echoes sentiments from JPMorgan CEO Jamie Dimon, asserting that BTC is often used in #ransomware attacks.

πŸ”΅ He emphasizes the difference between traditional currencies like the US dollar, euro, and yen, which have #centralized support, and Bitcoin, which lacks such backing. Gensler suggests that Bitcoin's transparent ledger might mislead investors about its decentralization.

#Cryptocurrency #Blockchain #CryptoNews
Bitcoin has seen 4 leap years till Now!

Tracking Bitcoin's Leap Year Performance: Four Cycles of Price Shifts Highlight Cryptocurrency's Volatile Journey.'



#Decentralized #Cryptocurrency #Bitcoin #Finance #Halving #Coinpedia
#Bitcoin: The Phoenix of Finance!

Despite being declared 'dead' 476 times since 2010, it continues to rise, defying all odds.

Its resilience echoes the power of decentralized currencies.



#BTC #Cryptocurrency #Coinpedia #Decentralized