But Bitcoin offers a truly decentralized option, bringing us closer to the freedom of non-domination. Bitcoin’s decentralized nature prevents the centralized structure of stablecoins or the type of domination that occurs in traditional finance. Each participant can influence the decisions of the network, reducing the risk of arbitrary power and fostering a more republican view of freedom.
Author: Crypto Flexs
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U.S. Senator Mike Rounds’ remarks at the recent World Economic Forum in Davos highlighted an important aspect of the ongoing technology race between the United States and China. As the United States continues to impose strict controls on exports of advanced AI chips to China, it highlights the tenuous balance of power in global AI hegemony. Senator Rounds said the United States recognizes that its advantage over China in AI technology is minimal and can be measured in months, not years. This statement highlights the rapid advancement of AI technology and the importance of maintaining a competitive advantage in this…
Almost all media attention in late 2023 and early this year was about Bitcoin (BTC). Of course, this is a natural phenomenon as it is the No. 1 token in the cryptocurrency market and there are two large-scale events just around the corner this year, including ETF approval and the halving event. However, its main competitor, Ethereum (ETH), looks set to grab the headlines soon. After the SEC’s approval of the Bitcoin ETF, BTC price actually fell. Attention is starting to turn to Ethereum, where many positive developments are taking place. It could be one of the best performing altcoins…
CFTC charges Debiex with $2.3 million misappropriationThe Commodity Futures Trading Commission (CFTC) has raised serious suspicions about cryptocurrency exchange Debiex. Debiex, which has been accused of being a “fake digital asset platform,” is facing civil charges for allegedly defrauding customers of more than $2.3 million through romantic fraud.Romance Fraud: A Calculated Strategy to Deceive InvestorsKey Debiex employees reportedly had romantic or friendly relationships with potential customers, according to a January 19 statement from the CFTC. By building trust through these interactions, we convince customers to open and fund trading accounts on the exchange. Contrary to its promise to invest funds…
The unknown altcoin surged nearly 210% between Thursday and Friday this week after the project teased the launch of a new cryptocurrency solution. UMA is An optimistic oracle and dispute arbitration system that aims to act as a “decentralized truth machine.” The 156th-largest cryptocurrency asset by market cap traded at around $2.01 on Thursday before surging to a high of $6.22 at one point on Friday, marking a remarkable gain of 209.45%. The token has since been partially reverted and is trading at $4.51 at the time of this writing. Massive gains for the asset have been realized as UMA…
The core of Bitcoin’s security model relies on this basic game theory—miners, armed with their digital pickaxes, are in a relentless chase for profit. And it’s this pursuit that keeps the network secure. Basic vanilla mining involves producing blocks to earn the block rewards and transaction fees, but have you ever considered that miners might have other ways to extract value from the blockchain beyond this standard mining process? Are there other avenues for profit on the blockchain where miners can leverage their unique position as validators?What is MEV?In proof-of-work systems, “Miner Extractable Value” (MEV) is a term that describes…
Cryptocurrencies have taken the world by storm in recent years, and with the rise of Bitcoin and other digital currencies, there is no denying that this new form of currency is here to stay. However, with so many cryptocurrencies on the market, deciding which one to invest in can be overwhelming. One of the cryptocurrencies that is making waves in the industry is IceBergCoin. What is IceBergCoin? IceBergCoin is a new cryptocurrency that is gaining popularity due to its unique features and growth potential. It is built on a blockchain platform that ensures safe and transparent transactions. The coin is…
Leading cryptocurrency venture capital firm Multicoin Capital recently gave a glimpse into the future of the cryptocurrency landscape, outlining its expectations and predictions for 2024. Stablecoin-based remittances transforming emerging markets Multicoin Capital expects stablecoins to have a significant impact in the remittance sector, especially in emerging markets. Remittances have historically been a challenge due to high costs and limited accessibility. Leveraging stablecoins, especially in traditionally inaccessible corridors, could revolutionize this space by significantly lowering costs and increasing efficiencies. The company expects to see an increase in consumer-facing remittance apps and B2B solutions for money transfer operators (MTOs) leveraging stablecoins. The…
Blackrock, the world’s largest asset manager, is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer spot Bitcoin exchange-traded fund (ETF) options. The SEC has opened a comment period on proposed rule changes filed by Nasdaq to list and trade options on Blackrock’s spot Bitcoin ETF. Blackrock’s Ishares Bitcoin Trust has accumulated 28,622 bitcoins since launch. SEC Opens Comment Period on Ishares Bitcoin Trust Options Trading Blackrock, the world’s largest asset manager, is planning to offer options on Ishares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund (ETF). Nasdaq, which lists and trades IBIT, filed a proposed…
Dogecoin has struggled to fully recover since its decline two weeks ago. As prices fell, overall supply decreased further. Recently, Dogecoin (DOGE) has experienced less favorable price trends, resulting in a decrease in the number of tokens in profitable status. Nevertheless, despite the downtrend, derivative indicators indicate buyer aggression. Dogecoin profits decline Analysis of Dogecoin’s supply shows a decline in returns at the start of the year, following a relatively stable trend throughout December. Profits remained roughly constant, with approximately 103 billion tokens benefiting. But it had fallen to about $79 billion earlier this year, according to Santiment. There were…