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What would happen if the US decides to go after Tether (USDT)?
It has been almost a year since the bankruptcy of 3AC (3 Arrows Capital) - Let’s take a look back at what happened
Why Vitalik Buterin is one of the coolest guy our community was gifted
It has been nearly a year since the bankruptcy of 3AC (3 Arrows Capital) - Let’s take a look back at what happened
Billionaire Pepe $BPEPE | Join the next BILLION dollar meme hype!
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Oh yeah I’ll sell. For the bargain price of… *ONE BILLION DOLLARS*
Devil's advocate here. Morgan Stanley have a market cap of about $150 BILLION. They hold a total of $42M in Microstrategy. Out of that, about $6M is the "new" money buying in recently. That is absolute chump change for Morgan Stanley ($6M is 0.00004% of their market cap), and just reflects that they are buying part of the index like most other responsible investors.
Nano is decentralized & censorship-resistant. It even has deterministic finality (vs Bitcoin's probabilistic finality) If you make a 1000 transactions in a year, fees add up. Especially with fiat when there are 1-3% fees on credit cards, and especially for the 3.5+ BILLION people that make ~$6/day
$60 BILLION just in remittance to Mexico. Western Union are you getting nervous? Blockchain and crypto technologies are changing the financial system as we speak all we need is clear and fair regulations.
Look at it like this: only 900 bitcoin are minted per day right now. There are 8.1 BILLION people on Earth. That's about 0.000000111 bitcoin per person, which today is equivalent to $0.0029 per person. Therefore if you invest more than 1 USD per day, you're already WAY ahead of the curve. Someone, please, correct me if I am wrong?
Probably because this only affects binance.US, which isn't even in the top 20 of exchanges. It did $69m in volume past 24 hours versus the actual Binance doing $5.7 BILLION. Maybe as the FUD spreads it might impact BTC's price a bit, but this isn't really that big of a deal
Binance.us volume in March 2023 was 827 million dollars. Global trading volume of Binance for the same month was 559.8 BILLION.
> • A crypto crash. With a market cap of over 83 BILLION USD, an attack on Tether could spell doom on the entire crypto industry If 'crypto industry' means the shitcoins, then yes they might not survive. But bitcoin survived mt gox, it will survive any binance, tether.... if they were to collapse. If you were around that time you'd know how massive Gox were. The real doom for crypto would be users who prioritize their get rich quick plan over fundamental values, those who's willing to trade decentralization and self-custody for convenience of centralized institutions and favorable regulation.
What kind of inflation would cause one bitcoin to be valued at 1 BILLION? I hope you're not older than 18 because otherwise you're doomed.
> muh China scare tactic Yes, China which has a ban on crypto is suddenly going to do a 180 and embrace crypto because it offers a *"private, and accessible platform"* > muh Tech will leave the US and we will have to catch-up The U.S has the 7 largest tech companies in the world including 20 of the top 25 tech companies. Apple's marketcap is around the GDP of the U.K and France. There is no tech and innovation in most of Europe. Sweden is an exception with innovative startups and smaller tech companies and a lot of them get acquired by U.S companies. > muh whole industry of jobs will be lost For the most part crypto doesn't really create jobs. For example, Cardano's IOHK employees a couple hundred people. Carrefour, a company that has roughly the same marketcap of Cardano, employees 300,000+ people. The revenue generated by crypto projects is dumping tokens on retail investors -- for the most part, they don't need employees to create tokens on retail investors. Most of these crypto projects rise up with hype, dump worthless tokens on investors and disappear in a few years. If you DON'T include Bitcoin and Ethereum, the OTHER 18 PROJECTS in the TOP 20 went from $240 BILLION MARKETCAP to like $50 BILLION MARKETCAP https://coinmarketcap.com/historical/20180108/ Almost $200 BILLION LOST in these projects in 5 years that's never coming back. No jobs created, no technological innovation that the U.S is missing out on, just hype to bamboozle retail investors of their hard earned money.
Because there is money to be made every time someone moves in crypto. Binance made 1.4 BILLION this quarter, and it did so in fees on trades. More trading, more dosh. Anything that causes folks to think about buying or selling makes money for someone.