Droppers of btc

Don't look for a broker anymore!

ForexChief with 24/7 English support through Website, Telegram, and WhatsApp, as well, has an English Telegram Group for discussion and signal exchanging. It also offers the following services:

🎁 $100 No Deposit Bonus (limited)

💵 Up to $500 Welcome Bonus (Double your deposits!)

💰Trading credits (up to 70% credit per deposit)

🏦 $1000 bonus for PAMM accounts (for professional traders)

💳 Various deposit and withdrawal methods as Crypto, Perfect Money, Local Bank Transfers, etc.

🧮 The narrowest spreads, including Cashback in MT4 and MT5

✅ And dozens of other special services...

For more information, join the ForexChief English group👇
https://t.me/xChief_English

Exclusive registration link to receive free $100 bonus and other services:👇
https://pro.cxchief.com/hpi

15.4K views15:01

Droppers of btc

🚫

Infowars Host Alex Jones Lost 10,000 Bitcoin in Max Keiser’s Quiz

➡️ Alternative journalist and Infowars host Alex Jones lost the opportunity of regaining a 10,000 bitcoin gift that international journalist and Bitcoin enthusiast Max Keiser gave to him more than ten years ago.

The questions that Keiser asked Jones were, in order:

-How many total bitcoin are there ever going to be in existence?
-How often does the difficulty adjustment adjust?
-What’s the core hashing algorithm called?
-How often, on average, do new blocks appear?
-Is Craig Wright Satoshi Nakamoto?

⚫️Keiser showed frustration with Jones’ answers, stating that he had given up on $800 million, while Jones acknowledged, tongue in cheek, that it was better for him to lose this opportunity.

Jones stated:

❕ It’s like people that didn’t win the lottery: I’m glad that I didn’t get the 10,000 bitcoin frankly, I’d probably be dead by now.

⚫️ During the quiz, Keiser repeatedly showed his frustration with Jones’ lack of seriousness, criticizing his lack of knowledge when he was aware he would face this 10,000 bitcoin test.

❕ Regarding the last question, Jones assumed it was a trick question, stating that Keiser would not give him 10,000 bitcoin now that its price had gone up so much. But Keiser said anyone reading the news could have answered the fifth question.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.2K views14:49

Droppers of btc

🇬🇪 National Bank of Georgia Selects Ripple as Tech Partner for CBDC Pilot

⚡️ Ripple, a cryptocurrency payments tech company, will be helping the government of Georgia to develop its central bank digital currency (CBDC) project. According to an official press release, the company has been selected to be the sole tech partner of the upcoming CBDC pilot in Georgia, the digital GEL.

Natia Turnava, acting Governor of the National Bank of Georgia, explained the reasons that led to the selection of Ripple. She stated:

❕ The committee selected Ripple due to its technical excellence and the expertise of its team. We look forward to moving ahead with Ripple and we are grateful to all other participating companies for their interest and efforts in the selection process.

✅ The bank stated that it will now prepare a joint project execution and gradual rollout plan for the pilot with Ripple.

⚡️ Ripple has been working to be a significant provider of CBDC solutions for the countries currently exploring the issuance of a CBDC. In May, the company launched its in-house solution to issue stablecoins and CBDCs, offering a tool to streamline the issuance and management of such instruments for its customers.

🌍 Several countries have already selected Ripple as a partner in their own CBDC projects. Palau concluded the first phase of its national stablecoin program in September, which used Ripple’s technology. Montenegro also signed an agreement with the company to develop a national digital currency strategy and a subsequent pilot, and Ripple states that it is in discussions with 20 other nations.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.4K views16:23

Droppers of btc

Not a week goes by without interesting news about the Sundae project.

After a post by one of the founders of the Odyssey project regarding Bitget exchange opening Sundae deposits was published, Elon Musk made a post on his X network:

"Ice cream is one of the great joys of life."

It's hard not to agree with Elon. In just two months, the Sundae token's value has increased from $0.25 to $4, making its many followers 16 times richer.

We'd like to remind you – this is at least the third mention by Musk of some "ice cream." The first mention miraculously coincided with the listing on MEXC.

So, what is Sundae? What's the secret behind the rapid token's value growth during such a depressive period of bear market rally?

The secret of this growth partly lies in rumors that Sundae senators have established an accumulation fund where about 30% of the token's sales profit goes.

The fund plans to invest in various sources of income, such as trust funds, media, online schools, IT companies, digital agencies, and even immortal canvases by world-famous authors.

The project has all chances to become revolutionary, as evidenced by its listing on major exchanges like MEXC and Bitget, the participation of bloggers with a million-strong audience and funds that previously invested in the current market "monsters."

One of the Odyssey co-founders explains: "Sundae means 'ice cream dessert.' Yesterday, the token cost only $0.25, less than ice cream. Today it's already $4, and tomorrow it could be worth thousands. Can you buy your secure future at the price of an ice cream? A foolish question, of course, you can!"

15.2K views15:01

Droppers of btc

👑

Report: Stablecoin Giant Circle Eyes 2024 Public Listing

➡️ Crypto firm Circle, the issuer of usd coin (USDC), the second-largest stablecoin by market capitalization, is reportedly contemplating going public in 2024.

⏳ Over the last 10 years, Circle has operated many businesses including providing retail investors access to bitcoin (BTC) and then transitioning into a market maker. In its most recent years, Circle has been issuing and managing the second-largest stablecoin, usd coin (USDC).

💲 Circle attempted to go public via a special-purpose acquisition company (SPAC) deal but opted out in 2022. At that time, Circle’s estimated valuation was around $9 billion, while some estimates showed the valuation was closer to $4.5 billion.

💸 In May 2021, Circle revealed the company obtained $440 million in financing from a number of strategic investors. After that, rumors of an initial public offering (IPO) started to circulate. In July 2021, there were talks about Circle planning to go public via a SPAC merger with Bob Diamond’s Concord Acquisition.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.2K views15:15

Droppers of btc

👑

Onecoin ‘Compliance’ Head Pleads Guilty to Wire Fraud and Money Laundering Charges

➡️ Irina Dilkinska, the one-time head of legal and compliance at Onecoin, has pleaded guilty to “wire fraud and money laundering charges,” Damian Williams, the United States Attorney for the Southern District of New York, has said. In a Nov. 9 press release, Williams said the charges against Dilkinska relate to her role in organizing the transfer of $110 million in fraudulently obtained funds to a Cayman Islands entity.

⏳ In September 2023, Greenwood, who also served as Onecoin’s global master distributor and the leader of the MLM network, was sentenced to 20 years in a U.S. jail. Greenwood’s sentencing came just over five years after his arrest in Thailand.

Meanwhile, in remarks following Dilkinska’s guilty plea, Williams said:

❕ “As Onecoin’s so-called ‘Head of Legal and Compliance’ Irina Dilkinska accomplished the exact opposite goal of her position. As she has now admitted, Dilkinska facilitated the laundering of millions of dollars of illicit profits Onecoin accrued through its multi-level marketing scheme.”

➡️ He added that officials from his office and the law enforcement partners will pursue the matter until all defendants including the fugitive Ignatova are brought to justice.

🌟 According to the press release, Dilkinska, a Bulgarian national, faces a maximum of five years in prison for the count of conspiracy to commit wire fraud.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.5K views16:22

Droppers of btc

🇸🇪

Spate of Robberies Targeting Swedish Bitcoiners Linked to the Country’s Unfit Privacy Laws

⚡️ The robbers, who appear to target prominent Swedish bitcoin and crypto personalities, recently descended on the Stockholm residence of a middle-aged bitcoin-owning couple. According to a report in Aftonbladet, the four robbers physically assaulted, tied up, and even used knives to threaten the couple. The report added that one victim of the robbery had to be ferried to the hospital via ambulance helicopter.

➡️ The attack on the unidentified couple is said to be the third time that criminals attacked just days after the victims either live-streamed a bitcoin podcast or “mentioned bitcoin in a public context.” The robbers are also said to have used similar tactics in another home invasion that was reported in October.

❌ Meanwhile, in a post on X (formerly Twitter), social media user Erica Wall linked the attacks to Sweden’s Offentlighetsprincipen or The Principle of Public Access to Information. According to Wall, this law, which is without precedent, “makes residential addresses and tax records public.”

Please open Telegram to view this post

VIEW IN TELEGRAM

15.5K views16:59

Droppers of btc

🇨🇳

People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong

🆕 The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are conducting technical tests to bring a higher degree of integration of the digital yuan into Hong Kong’s economy. According to reports from Global Times, the institutions are already in the second integration phase, which contemplates the inclusion of more banks in Hong Kong to the system and the usage of the Faster Payments system to top up digital yuan wallets.

➡️ The integration of the Chinese central bank digital currency (CBDC) in the Hong Kong economy seeks to position the area as an international finance hub, as countries that are part of the Belt and Road initiative, a project to establish trading links between several countries of the world and China, have an increasing demand of investment projects and effective cross border payment solutions.

✔️ China had already announced it was moving to collaborate with Hong Kong to integrate its CBDC for mutual payments. During the Hong Kong Fintech Week, Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, revealed that the bank was considering the application of the digital yuan to settle commodities transactions, including natural gas, oil, and other services between Hong Kong and the mainland.

💸The digital yuan would be beneficial for companies to avoid paying high fees using traditional payment channels for these settlements, Di stressed.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.4K views15:41

Droppers of btc

🇸🇬

Singapore Unveils Plan to Ensure Seamless Financial Transactions Across Digital Asset Networks

⚫️ Ravi Menon, the managing director of Singapore’s central bank, the Monetary Authority of Singapore (MAS), discussed digital assets at Singapore Fintech Festival last week.

➡️ Menon then provided details on the central bank’s strategy to build the new financial architecture via Project Guardian. He explained, “MAS and industry partners are tokenizing different asset classes with specific desired outcomes.” Additionally, he mentioned that the International Monetary Fund (IMF) is joining the Project Guardian policymaker group. The MAS established this policymaker group in October in partnership with Japan’s Financial Services Agency (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA).

⚫️ The central banker also discussed digital money. He explained that privately issued cryptocurrencies, central bank digital currencies (CBDCs), tokenized bank liabilities, and well-regulated stablecoins are “four contenders for digital money.” Noting that many crypto investors have “suffered significant losses,” he opined:

🖥 Cryptocurrencies have failed the test of digital money. They have performed poorly as a medium of exchange or store of value. Their prices are subject to sharp speculative swings.

⚫️ “Wholesale CBDCs and tokenized bank liabilities can play the role of digital money and help to achieve atomic settlement,” stated Menon. Noting that well-regulated stablecoins can also “play a useful role as digital money,” he said the monetary authority has granted in-principle approval under the Payment Services Act to three stablecoin issuers: Straitsx SGD Issuance, Straitsx USD Issuance, and Paxos Digital Singapore.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.8K views14:51

Droppers of btc

🇺🇸 US Prosecutors Urge Court to Keep Binance’s Ex-CEO in the Country Amid Flight Risk Concerns

➡️A recent court filing reveals that U.S. prosecutors have petitioned Magistrate Judge Brian Tsuchida to ensure Changpeng Zhao’s (CZ) continued presence in the U.S. This request, lodged on Wednesday, aims to reassess the bond conditions set on November 21, 2023. The U.S. government articulates concerns about CZ being a “substantial risk of flight.”

🇦🇪 Currently residing in Dubai, United Arab Emirates (UAE), CZ lives with his three children and partner. The prosecutors argue that the prospect of an 18-month jail term might tempt CZ to remain in the UAE with his family. The lack of an extradition treaty between the UAE and the U.S. complicates matters, making it challenging to secure his return in case of non-compliance with court directives.

💲 Despite an initial agreement on a $175 million bail bond, prosecutors are now questioning its sufficiency. Under the proposed arrangement, “three responsible persons” were to secure $15 million in cash for the bail. While CZ faces potential imprisonment, there remains a possibility of avoiding it, akin to Bitmex’s former CEO Arthur Hayes.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.8K views15:18

Droppers of btc

⚡️

Hopeful Bitcoin Enthusiasts Anticipate a ‘Santa Claus Rally’ Echoing Past Holiday Season Surge

🎅 The term “Santa rally” is gaining popularity on social media platforms lBitcoin ike X, following BTC’s impressive surge of over 10% in the past month and a 128% rise in the past year. This concept, mirroring the stock market’s historic “Santa Claus Rally” where equities typically see a boost between Thanksgiving and Christmas, suggests a similar trend in bitcoin’s market value. Proponents cite two instances to support this theory.

➡️ On November 6, 2023, interest in this term soared to 92 out of 100 on Google Trends, then abruptly dropped to zero before climbing back to 80 just two days later. The search term again plummeted to zero, until November 17, when it recorded a score of 60. Yet, on November 20, the query peaked at a score of 100, the highest possible rating according to Google Trends.

👍 Although there’s heightened interest, the likelihood of a rally might be more tenuous in the coming month. For example, December often sees diminished trading volumes, as traders shift their focus to holiday celebrations and family time. This pattern, well-known to market bears, was notably exploited in 2021.

➡️ Additionally dampening prospects for a Santa rally is the growing speculation that any significant rally may not materialize until next year, potentially aligning with the anticipated halving event. Typically, January emerges as a recovery month in trading circles, as the influence of year-end tax considerations tends to wane with the onset of the new year.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.8K views15:41

Droppers of btc

💻

Hacker Seeks Civility in $47 Million Kyberswap Heist, Demands Friendly Negotiations

💸 Five days ago, Kyberswap, a decentralized finance (defi) trading platform, fell victim to a cyber attack, resulting in a loss of $47 million. The team announced that its market maker, Kyberswap Elastic, had “experienced a security incident.” Since the attack, they have established communication with the perpetrator, and an onchain message indicates the hacker’s openness to negotiate the return of the funds.

⚡️ Yet, the hacker claims to have faced unjust treatment and warns that if such circumstances persist, the team may need to postpone the negotiations to a later date. “Dear Kyberswap executives, employees, token holders, and LPs,” the hacker wrote. “I said I was willing to negotiate. In return, I have received (mostly) threats, deadlines, and general unfriendliness from the executive team. That’s ok, I don’t mind. I have prepared a statement concerning our (potential) treaty. I plan to release it on Nov. 30 at Noon UTC, sharp.”

The Kyberswap attacker added:

❕ Under the assumption that I am treated with further hostility, we can reschedule for a later date, when we all feel more civil. You need only say the word. If not, we proceed as planned on Nov. 30. Thank you.

➡️ The hacker’s message gained momentum on social media platforms. One individual who circulated the message commented, “We need a professional negotiator it seems.” It appears that the negotiation process hit a snag following the disclosure of the bounty’s percentage and the mentioning of potential legal consequences for failing to respond. Nevertheless, should the Kyberswap team successfully foster a cooperative atmosphere and smooth out any issues, the attacker might announce positive news on Thursday at noon UTC.

Please open Telegram to view this post

VIEW IN TELEGRAM

19.3K views14:58

Droppers of btc

⚠️

Robert Kiyosaki Predicts a Financial Storm: Time to Buckle Up with Gold, Silver, and Bitcoin

Financial expert Robert Kiyosaki forecasts a massive market crash and tough times ahead. He advises on safeguarding assets with gold, silver, and Bitcoin ETFs for financial security and freedom.

➿

📉

The Market's Ticking Time Bomb: Kiyosaki's Dire Warning

Financial guru Robert Kiyosaki is sounding the sirens for what could be an economic maelstrom. With predictions of a market collapse that could mirror the Great Depression, Kiyosaki foresees "really hard times ahead" for millions.

☠️ Stash Your Assets in Safe Havens

In the face of impending doom, Kiyosaki isn't just spreading doom and gloom; he's offering a lifeline. His mantra remains consistent: invest in gold, silver, and Bitcoin. For those wary of direct cryptocurrency purchases, he suggests Bitcoin exchange-traded funds (ETFs), a move that's gaining traction as the U.S. Securities and Exchange Commission warms up to spot Bitcoin ETF applications.

🛡

Bitcoin: The Ultimate Financial Shield?

Kiyosaki hails Bitcoin as the "best defense" against economic upheaval. As hyperinflation looms, he sees cryptocurrency not just as an investment but as a means to lifelong "financial security and freedom." His message is clear: the time to act is now, before the window of opportunity slams shut.

🚀

Prepare for Lift-Off or Crash Landing

As we navigate these turbulent financial skies, Kiyosaki's advice could be the parachute you need. Will you take the leap into gold, silver, and Bitcoin, or will you brace for impact? The choice is yours, but remember, in Kiyosaki's world, preparation is key to survival.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.8K views15:06

Droppers of btc

🚀

Why Are Crypto Prices Skyrocketing? Ex-SEC Official Reveals Two Key Factors

➡️ Cryptocurrencies are on a tear, and everyone's wondering why. 🧐Former SEC enforcement chief John Reed Stark points to two pivotal reasons: a wild west of unregulated markets and the ever-enticing "greater fool theory."

🌐

Brian Armstrong, Coinbase CEO, envisions Bitcoin as a beacon for spreading Western values. Yet, amidst this optimism, the SEC faces heat for potentially misleading claims against a crypto firm, with a judge poised to drop the hammer of sanctions.

💰 As the crypto world buzzes with anticipation for the Spot Bitcoin ETFs, big asset managers are lining up to get their share of Bitcoin. Stark criticizes the crypto frenzy, highlighting a lack of intrinsic value and a questionable track record of adoption and trust.

📊

Despite the skepticism, investors, including high-profile figures and institutions, are doubling down on cryptocurrencies, especially Bitcoin. It's a financial drama unfolding in real-time, and all eyes are on how this digital asset saga will play out.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.2K views15:49

Droppers of btc

🇯🇵

Japan Considers Tax Exemption for Corporate Unrealized Crypto Gains

🚨 Japan is considering exempting corporations from paying taxes on unrealized profits related to cryptocurrency assets.

💡The proposed measure, part of Japan's tax code reform, aims to allow companies to avoid taxes on their crypto holdings.

🔍 Еhe Japanese government plans to revise its tax code to improve the regime for companies holding cryptocurrency in the long term.

💰 The new provision in the tax code states that corporate crypto assets will not be subject to unrealized profit taxes.

📈This proposal may lead to a transfer of corporate crypto holdings from foreign countries to Japan. However, this could result in potential tax loss for the Japanese government, causing uncertain damage.

🌐The proposal will only apply to cryptocurrencies held as part of a company's assets and not used for short-term trading purposes.

🚀 The Japanese Blockchain Association has called for changes in the tax regime to stimulate Web3 growth in the country and stabilize the market.

🔒 Japan has made progress in cryptocurrency taxation, canceling another tax on cryptocurrencies issued by companies.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.5K views16:55

Droppers of btc

⚡️

City of Basel Makes History with Tokenized Bond Settlement Using Wholesale CBDC

The city of Basel in Switzerland has achieved a significant milestone by completing what might be the first regulated settlement of tokenized bonds in a production environment. As part of the Helvetia III wholesale central bank digital currency (WCBDC) pilot program, the city issued a tokenized bond via the Basel Cantonal Bank that was settled using a WCBDC.

➿

🆕 Innovative Pilot Program

The issuance, valued at almost $120 million, was managed by the Swiss National Bank and the SIX digital exchange, the entity in charge of tokenizing the Swiss francs for the transactions. Using on-chain money is said to make these transactions cheaper and more efficient, given that participants don’t have to wait for private bank redemptions in the settlement process.

🏆 Praise for Modernization

David Newns, head of SIX digital exchange, praised this development as a new step in modernizing securities markets. He stated:

"The settlement of the first securities transactions in WCBDC … represents a major milestone for the entire industry on the road of adoption of a tokenized, DLT based financial markets infrastructure."

🚀 Expansion and Future Plans

The Helvetia III pilot involves six commercial banks and the SIX digital exchange. The next step for this WCBDC is to be used for repo transactions, something that had already been hinted at by the SIX digital exchange in November.

📈

Blockchain Platform and CEO's Perspective

All of these operations use R3’s Corda blockchain platform, with its CEO David Rutter stating the endeavors represent "another key milestone for the wider development of wholesale CBDC and digital assets which will importantly be used in a live production environment."

➿➿➿➿➿

This groundbreaking achievement by the city of Basel marks a significant step forward in the adoption and implementation of tokenized bonds and wholesale CBDC, showcasing the potential for modernizing financial markets and paving the way for future advancements in digital asset transactions.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.6K views16:04

Droppers of btc

🌟

Coinbase International Exchange Launches Spot Crypto Trading

➡️

Cryptocurrency exchange Coinbase (Nasdaq: COIN) has announced the launch of spot markets on Coinbase International Exchange. The exchange will roll out spot trading in several phases, with a focus on building liquidity and creating a robust foundation.

💼 Expansion of Product and Access

The initial launch will include BTC-USDC and ETH-USDC pairs via API access for non-U.S. institutional clients, with plans to expand the product to include retail users, additional assets, and features for new trading strategies and enhanced capital efficiency in the coming months.

📈 Platform Details and Growth

Coinbase International Exchange, launched in May 2023, is available to non-U.S. clients in select jurisdictions. The platform offers institutional clients access to BTC, ETH, LTC, XRP, SOL, and AVAX perpetual futures contracts. Since its launch, the platform has onboarded over 100 institutions, with approximately $10 billion in perpetual futures trading volume in Q3.

🎉 Recent Developments

In October, the exchange launched perpetual futures to eligible retail users on Coinbase Advanced, a platform designed for experienced traders. It has also listed 15 perpetual contracts covering more than 70% of the addressable perpetual futures trading market and increased maximum leverage to 10x for all listed contracts.

Please open Telegram to view this post

VIEW IN TELEGRAM

16.6K views11:53

Droppers of btc

🌴

Palau Moves Ahead With Second Phase of Stablecoin Pilot

Palau, a beautiful island nation in the Pacific, has officially launched the second phase of its stablecoin pilot. The initiative aims to simplify transactions by providing a digital equivalent to the U.S. dollar. The first phase was a success, with over 700 transactions completed by 200 users.

🚀

Expanding Accessibility and User Participation

In the second phase, the focus will be on building a robust digital ecosystem and expanding accessibility and user participation. The emphasis will be on legal and regulatory compliance.

🔗

Ripple as a Tech Partner

Palau will be working with Ripple, a leading technology partner, to leverage Ripple’s carbon-neutral central bank digital currency (CBDC) platform and technical expertise. This partnership will play a crucial role in the success of the stablecoin pilot.

💡

Benefits of the Palau Stablecoin (PSC)

Antony Welfare, a CBDC strategic advisor at Ripple, highlighted the benefits of adopting the Palau Stablecoin. Due to Palau's divided geography, fiat transactions were challenging, but the PSC enables offline payments, making transactions possible even during power outages or data loss.

🏝 A Step Forward for Palau

The Palau Stablecoin pilot represents a significant step forward, showcasing Palau's commitment to enhancing innovation and financial modernization. This initiative will have a positive impact on the country's economy and the lives of its citizens.

Please open Telegram to view this post

VIEW IN TELEGRAM

19.2K views12:59

💥 Get FREE Daily Market Updates and Crypto Trade Ideas by the Crypto Chiefs

👉 https://t.me/cryptochiefss

Why Crypto Chiefs?

✅ Verified 90%+ Win Rate
✅ Custom TradingView Indicator
✅ Education
✅ 24/7 support

🥇This group is widely regarded as one of the top signal providers in the industry!

Join them 👉 https://t.me/cryptochiefss

15.7K views16:00

Droppers of btc

Join Waterfall Protocol for the testnet launch and prepare to earn rewards on the mainnet!

Waterfall is the most decentralized BlockDAG protocol currently available 🚀

🔑 Key Features:

📌 This decentralized platform has the potential to attract much more validators than other protocols.
📌 Minimal hardware requirements: Dual-Core CPU, 4GB RAM ( your cellphone has 2-4 times more than that).
📌 High performance and scalability, thanks to parallelism in BlockDAG.
📌 Compatible with EVM and Ethereum API.

They have been rigorously testing technology since 2021.

Join their communities for this exciting journey:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR

15.8K views11:00

Droppers of btc

🌟

Supply of Stablecoins on Ethereum Protocol 30% Lower Than in 2022 — Study

➡️

According to Six Degree’s stablecoin study, the supply of stablecoins on the Ethereum chain has dropped by more than 30% from the peak of $100 billion to $66 billion since 2022. The stablecoin supply on the Tron network on the other hand went up by over 57% from $31 billion in 2022 to $48.9 billion.

📉

The study data, which covers the period between December 2022 and December 2023, shows the total market value of stablecoins at $129.5 billion by Dec. 16, 2023. This figure is 31% lower than the year’s peak value of $188 billion, the study report noted. In December 2022, the market value of stablecoins was $139 billion.

💰

With respect to Ethereum stablecoin supply by token metric, the study data shows BUSD and USDC accounting for most of the decrease with -36% and -48% respectively. However, USDT, which is the number one stablecoin, saw an increase of 23%.

📈

When breaking down stablecoin ownership by holders, the study data shows that externally owned accounts (EOAs) accounted for approximately 50%. From the remaining 50%, centralized exchanges owned 30% while decentralized finance (defi) platforms accounted for less than 6%.

🌐

Commenting on the movement of stablecoins on the Ethereum blockchain during the period under review, the study said: The strong influx of stablecoins on Ethereum played a crucial role in driving the last bull market, particularly during the defi summer period. However, the amount of stablecoin supply in defi protocols on Ethereum has been moving in the opposite direction compared to the overall market trend since 2023.

🔍

According to a report, the growing maturity of Ethereum Layer2 solutions has given “a more fertile ground for the development of defi and innovative protocols.” The report also found that around 60% of the stablecoins held by top addresses “are dormant, either being in reserve or inactive.

Please open Telegram to view this post

VIEW IN TELEGRAM

15.3K views13:02

About

Blog

Apps

Platform