Why off-board into fiat? In a market dowturn, when the total market capitalization (currently about 1.9 trillion) of cryptocurrency decreases, the majority of these assets are likely going back into fiat (unless someone is buying a whole lot of Teslas in Bitcoin). Even traders can hold their crypto in Tether (USDT) temporarily. The long term believers and HODLers of crypto know that at some point in the future, the total market cap of crypto will be much higher.
When inflation starts to increase at too fast a pace, countries start targeting assets to keep their fiat alive. Turkey's fourth-largest crypto-exchange shuts down citing 'intense transactions' - AMBCrypto https://ambcrypto.com/turkeys-fourth-largest-crypto-exchange-shuts-down-citing-intense-transactions/
AMBCrypto
Turkey’s fourth-largest crypto-exchange shuts down citing ‘intense transactions’
Cryptocurrency users in Turkey have received yet another blow within days after Vebitcoin, the fourth-largest crypto exchange in the country, collapsed. The crypto-exchange today announced that it will be halting operations amid weakening financial conditions.…
The saga continues, this is all the more reason as to why it’s not a good idea to hold large amounts of crypto on an exchange wallet; your private keys, your crypto. Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds https://news.bitcoin.com/turkish-crypto-exchange-exit-scam-ceo-flees-country-people-detained-users-cannot-access-2-billion-funds/
Bitcoin News
Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds
A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have…
US State Passes Resolution Commending Satoshi Nakamoto and Bitcoin https://coinstats.app/news/IX3HnquvOa_US-State-Passes-Resolution-Commending-Satoshi-Nakamoto-and-Bitcoin?utm_medium=Organic&utm_source=coinstats
Demand for PayPal’s Cryptocurrency Offering Blows Past Expectations, According to CEO Dan Schulman https://u.today/demand-for-paypals-cryptocurrency-offering-blows-past-expectations-according-to-ceo-dan-schulman
Coinbase IPO propels the app into consecutive days of record-breaking usage https://blog.apptopia.com/coinbase-ipo-benefits-its-mobile-app
Apptopia
Coinbase IPO propels the app into consecutive days of record-breaking usage
After IPO, Coinbase’s mobile apps broke their lifetime records for single-day downloads and daily active users.
This is how financial disruptioin works... you will soon be able to trade stocks on the blockchain. This is just the beginning as there will be many more to follow; buying and selling shares of corporations on chain will ultimately prove to be more flexible and more secure and will just be another reason that people will want exchange fiat for crypto. Think of how much money will be onboarded for people that want to hold stock in crypto. Eventually we may even see such securities sold directly on a blockchain. Apple, MicroStrategy and Microsoft Stock Tokens Are Coming To Binance https://decrypt.co/69070/microstrategy-apple-and-microsoft-stock-tokens-are-coming-to-binance
Decrypt
Apple, MicroStrategy, and Microsoft Stock Tokens Are Coming To Binance
Following its launch of Tesla and Coinbase Stock Tokens, Binance is expanding its offering to include Apple, MicroStrategy and Microsoft.
Here is the weekly chart on Ethereum gas prices. Since the Berlin upgrade on April 15th, Ethereum has seen a steady reduction in gas fees. Since many alt coins are run on the Ethereum blockchain, the entire crypto industry is impacted by high gas fees. Lower gas fees generally means lower transaction costs for buying and selling Ethereum related crypto, this is why alt coins have been pumping: as you can see transactions are becoming alot more feasible with a steady decline in gas fees.
A solid update on what's happening in the world of BTC https://www.youtube.com/watch?v=XNbC_r76cfU
YouTube
SHOCKING DATA!! Bitcoin SUPER CYCLE is upon us! Targets $400K BTC
this data suggests we're entering into a bitcoin SUPER CYCLE!! Must watch video for understanding what comes next this bull run!
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#Crypto #Bitcoin #Ethereum
DISCLAIMER: This is not financial…
✅ Follow EllioTrades on Twitter: https://twitter.com/elliotrades
#Crypto #Bitcoin #Ethereum
DISCLAIMER: This is not financial…
Federal Reserve Keeps Rates Near Zero, Maintains Asset Purchases, Sees Inflation as ‘Transitory’ https://www.coindesk.com/fed-meeting-decision-april
CoinDesk
Federal Reserve Keeps Rates Near Zero After Fed Meeting - CoinDesk
The Federal Reserve (Federal Open Market Committee, or FOMC) kept interest rates unchanged after a two-day meeting.
A great article looking at the dark and light side of blockchain https://www.thelastamericanvagabond.com/is-there-chance-to-unite-the-pro-anti-blockchain-crowds/
The Last American Vagabond
Is There A Chance To Unite the Pro and Anti Blockchain Crowds?
Can blockchain and/or cryptocurrency play a role in our quest for liberation, or is it a tool of deception wielded by the Predator Class?
Interested article describing new ways crypto can help writers acheive their goals by crowdfunding through crypto. It's an example of the discovery taking place in crypto, finding new ways to decentralize ownership, which ultimately enpowers people, rather than corporations. How Emily Segal Crowdfunded Her New Novel with Crypto https://decrypt.co/68981/emily-segal-novel-crowdfund
Decrypt
How Emily Segal Crowdfunded Her New Novel with Crypto
The former K-HOLE trend forecaster is exploring new possibilities for publishing in the Web 3.0 era.
Even when governments around the world try to disband Crypto, and force them into a fiat economy, people just come back stronger! Nigeria Hits $1.5 Billion in P2P Trading Volume Despite Crypto Trading Ban https://cryptopotato.com/nigeria-hits-1-5-billion-in-p2p-trading-volume-despite-crypto-trading-ban/
CryptoPotato
Nigeria Hits $1.5 Billion in P2P Trading Volume Despite Crypto Trading Ban
Despite the recent crypto ban in the country, Nigerians continue to remain bullish and have traded $1.5 billion on Paxful.
Banking the unbanked is one of great benefits that blockchains offer; with crypto there is no bank per say, just peer-to-peer transactions made possible by decentralized exchange, and owning your own private keys to your crypto wallet. Cardano Announced Second Major Partnership in Africa https://cryptopotato.com/cardano-announced-second-major-partnership-in-africa/
CryptoPotato
Cardano Announced Second Major Partnership in Africa
Cardano continues with its expansion in Africa with another partnership - this time with the country of Tanzania.
Surplus energy supply is one of the free methods for running the financial infrastructure of the future, which is Crypto. One thing that is not often when mentioned when discussing Bitcoin's energy needs, is the trillions of dollars needed to support a custodial economic system (participants being banks, exchanges, brokers, accounting, etc). The Congo is really resourceful in attracting Cryto adopters to meet its needs, and finding a way to earn off of excess energy supply. Virunga National Park Now Accepts Bitcoin, Ethereum, Litecoin, Chainlink, and Other Coins as Donations https://u.today/virunga-national-park-now-accepts-bitcoin-ethereum-litecoin-chainlink-and-other-coins-as-donations
U.Today
Virunga National Park Now Accepts Bitcoin, Ethereum, Litecoin, Chainlink, and Other Coins as Donations
Africa's oldest national park is asking for cryptocurrency donations
Large US Food Chain Restaurants to Enable Bitcoin Payments https://cryptopotato.com/large-us-food-chain-restaurants-to-enable-bitcoin-payments/
CryptoPotato
Large US Food Chain Restaurants to Enable Bitcoin Payments
Bitcoin holders will be able to purchase food from different US-based food chain restaurants, including Bubba Gump Shrimp and Muscle Maker Grill.
It's a hopeful sign to see the US working on a bill aimed at understanding cryptocurrency before making regulatory decisions on it. House of Representatives Passes Bill to Create a SEC-CFTC Crypto Taskforce https://cryptopotato.com/house-of-representatives-passes-bill-to-create-a-sec-cftc-crypto-taskforce/
CryptoPotato
House of Representatives Passes Bill to Create a SEC-CFTC Crypto Taskforce
The House of Representatives Passed the Eliminate Barriers to Innovation Act of 2021, seeking to order the regulatory framework around cryptocurrencies.