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Tofazzel Profile
tofazzel
tofazzel
@tofazzel
  • 298.365965TMAC
  • 16000VP
  • 64000BW
June 2022
Posts
tofazzel
@tofazzel in Status·10 days ago

in the #backdrop of broader crypto turmoil, led to #more than $2 billion in loan repayments on March 11 on decentralized

 
 

tofazzel
@tofazzel in Status·10 days ago

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan#Bitcoin price nears $25K as analysts place bets on CPI impact #COINTELEGRAPH YOUTUB

 
 

tofazzel
@tofazzel in Status·10 days ago

#Bitcoin price nears $25K as analysts place bets on CPI impact #COINTELEGRAPH YOUTUBE

 
 

tofazzel
@tofazzel in Status·10 days ago

#Debtors jumped on the opportunity to grab a #discount on their loan repayments when USDC and DAI de-pegged from the dollar.

 
 

tofazzel
@tofazzel in Status·10 days ago

 Stephen Katte  #STEPHEN KATTE HOURS AGO #Debtors saved over $100M using de-pegged stablecoins to repay loans

 
 

tofazzel
@tofazzel in Status·10 days ago

#Debtors saved over $100M using de-pegged #stablecoins to repay loansNEWS Collect this article as an NFT

 
 

tofazzel
@tofazzel in Status·10 days ago

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan

 
 

tofazzel
@tofazzel in Status·10 days ago

How a new cold wallet model may solve the #mnemonic phrase dilemma #Bitcoin’s 2023 price action 

 
 

tofazzel
@tofazzel in Status·10 days ago

#driven by the desire to regain losses, according to professional trader #Bitcoin’s 2023 price action driven by the desire 

 
 

tofazzel
@tofazzel in Status·10 days ago

to regain losses, according to professional trader #Bitcoin could hit $10M in 9 years but more #sidechains needed: Blockstream CEO

 
 

tofazzel
@tofazzel in Status·10 days ago

#Bitcoin could hit $10M in 9 years but more #sidechains needed: Blockstream CEO Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time

 
 

tofazzel
@tofazzel in Status·10 days ago

#Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time #Bitcoin price nears $25K as analysts place bets on CPI impact

 
 

tofazzel
@tofazzel in Status·10 days ago

BTC’s price has risen 8.72% in the past 24 hours, #sitting at $24,441. #DELIVERED EVERY THURSDAY

 
 

tofazzel
@tofazzel in Status·10 days ago

Terms of Services and Privacy Policy #Bitcoin #Visa #Bitcoin Price #Market Capitalization

 
 

tofazzel
@tofazzel in Status·10 days ago

#Tesla #CoinMarketCap #Price Analysis RELATED NEWS How to get a job in the #Metaverse and Web3 How to get a job in the #Metaver

 
 

tofazzel
@tofazzel in Status·10 days ago

On Feb. 20, Cointelegraph reported that BTC had #flipped the market cap of payment processing #giant Visa for the third time in history, putting it just ahead of the payments company.

 
 

tofazzel
@tofazzel in Status·10 days ago

#Related: Bitcoin on-chain data highlights key #similarities between the 2019 and 2023 BTC price rally

 
 

tofazzel
@tofazzel in Status·10 days ago

BTC’s price has risen 8.72% in the past 24 hours, #sitting at $24,441. #DELIVERED EVERY THURSDAY

 
 

tofazzel
@tofazzel in Status·10 days ago

The gap between the two #market caps is now more than $20 billion, though it still is quite a #distance from gold, 

 
 

tofazzel
@tofazzel in Status·10 days ago

BTC’s price has risen 8.72% in the past 24 hours, #sitting at $24,441. #DELIVERED EVERY THURSDAY

 
 

tofazzel
@tofazzel in Status·10 days ago

#Advertisement Want To Get Up To 4 #Winning Crypto Alerts Per Week In Any Market? Click Here good morning mam please find attached 

tofazzel
@tofazzel in Status·10 days ago

At the time of writing, data from Companies #Market Cap shows Bitcoin’s market cap has #reached $471.86 billion, surpassing Meta’s $469 billion.

 
 

tofazzel
@tofazzel in Status·10 days ago

At the time of writing, data from Companies #Market Cap shows Bitcoin’s market cap has #reached $471.86 billion, surpassing Meta’s $469 billion.

 
 

tofazzel
@tofazzel in Status·10 days ago

Companies Market Cap provides real-time #monitoring and ranking of market caps for #cryptocurrencies, public companies, precious metals and exchange-traded funds.

 
 

tofazzel
@tofazzel in Status·10 days ago

At the time of writing, data from Companies #Market Cap shows Bitcoin’s market cap has #reached $471.86 billion, surpassing Meta’s $469 billion.

 
 

tofazzel
@tofazzel in Status·10 days ago

Companies Market Cap provides real-time #monitoring and ranking of market caps for #cryptocurrencies, public companies, precious metals and exchange-traded funds.

 
 

tofazzel
@tofazzel in Status·10 days ago

It will slow down #startups for sure, but I think that existing #startups that are able to survive this will be the ones to look out for the most over the next 10 years.

 
 

tofazzel
@tofazzel in Status·10 days ago

It will slow down #startups for sure, but I think that existing #startups that are able to survive this will be the ones to look out for the most over the next 10 years.

 
 

tofazzel
@tofazzel in Status·10 days ago

 I think this will be an #interesting time for the #technology industry.

 
 

tofazzel
@tofazzel in Status·10 days ago

But out of every one of these cycles, there has been innovation. If anything, operating in an #environment where there is less cash available forces people into a #position where they have to innovate more in order to survive.

 
 

tofazzel
@tofazzel in Status·10 days ago

we have seen a number of #stressors on more speculative and risky ventures. We are now #seeing the effects of that.

 
 

tofazzel
@tofazzel in Status·10 days ago

The Federal #Reserve System and regulators are all #interconnected, so it doesn’t surprise me that as inflation has been high, and as the Federal Reserve has tried to curtail the amount of currency flowing

 
 

tofazzel
@tofazzel in Status·10 days ago

This is a seismic event and it goes back to my #skepticism of speculative assets in #general. This shows that we are still at the whims of the economy, both with traditional banks and with token assets.

 
 

tofazzel
@tofazzel in Status·10 days ago

I think #cryptocurrency is still a proof-of-concept for what is possible down the line with #blockchain technology, but not necessarily ripe and ready to change the world.

 
 

tofazzel
@tofazzel in Status·10 days ago

This is not #necessarily my interest, as I don’t play with speculative assets in #general. But from a purely academic sense, I find the technology fascinating

 
 

tofazzel
@tofazzel in Status·10 days ago

I was quite #surprised and struck by how readily people were to view proof-of-work #certificates as being something that they would buy, sell and speculate on.

 
 

tofazzel
@tofazzel in Status·10 days ago

I was very interested in #Bitcoin when the white paper came out, but I didn’t #necessarily view tokens as being assets or the value behind blockchain technology.

 
 

tofazzel
@tofazzel in Status·10 days ago

Users can #build an IP based on RISC-V, but the architecture itself is available to anyone #without requiring a fee.

 
 

tofazzel
@tofazzel in Status·10 days ago

For example, RISC-V is open #source architecture developed at the University of California, #Berkeley. RISC-V was designed to grow over time as a standard that doesn’t require any intellectual property (IP).

 
 

tofazzel
@tofazzel in Status·10 days ago

I’ve been #looking at open-source architectures for designing and developing secure #hardware technology for Nym.

 
 

tofazzel
@tofazzel in Status·10 days ago

I also #believe in the added benefit of an open-source architecture, as these #standards are common and universal.

 
 

tofazzel
@tofazzel in Status·10 days ago

One of the most #frustrating aspects of developing hardware #technology is ensuring that the hardware itself is secure.

 
 

tofazzel
@tofazzel in Status·10 days ago

#Another $500 million in debts were paid in DAI on the same day, it noted. #Digital assets data provider

 
 

tofazzel
@tofazzel in Status·10 days ago

Kaiko found over $1 #billion in USDC loan #repayments on March. 11. Source: Kaiko This tapered off as both USDC and DAI started 

 
 

tofazzel
@tofazzel in Status·10 days ago

#heading back toward their peg. The following days did not have anywhere near as many #repayments, with a rough total 

 
 

tofazzel
@tofazzel in Status·10 days ago

Kaiko found over $1 #billion in USDC loan #repayments on March. 11. Source: Kaiko This tapered off as both USDC and DAI started 

 
 

tofazzel
@tofazzel in Status·10 days ago

of only $500 million in loan #repayments across Tether (USDT), USDC, DAI and other coins on #March 12, and roughly half of that on March 13.

 
 

tofazzel
@tofazzel in Status·10 days ago

#repayments over the weekend, allowing debtors to save a total of more than $100 million on their #loans.

 
 

tofazzel
@tofazzel in Status·10 days ago

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

 
 

tofazzel
@tofazzel in Status·10 days ago

MakerDAO’s stablecoin DAI also de-pegged #briefly, going as low as $0.88 on March 11, #according to CoinGecko.

 
 

anthim
@anthim in Status·15 days ago

Federal Reserve and #Federal Deposit Insurance Corporation (FDIC) decisions #concerning the future of Silicon Valley Bank may affect regional banks across the United States,

 
 

0 TMAC
anthim
@anthim in Status·15 days ago

Moreover, according to CZ, fiat #currencies are a risk without adding #crypto to the equation.

 
 

0 TMAC
anthim
@anthim in Status·15 days ago

 #Binance CEO Changpeng “CZ” Zhao to believe that traditional banks are a risk to #stablecoins that are usually pegged 1:1 with fiat currencies, like the U.S. dollar.

 
 

0 TMAC
anthim
@anthim in Status·15 days ago

#However, he argued that #eventually” is “too long” when you have “payroll to meet next week.”

 
 

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anthim
@anthim in Status·15 days ago

Ackman #argued that this could have been “avoided” if the U.S. #government had “stepped in on Friday” to guarantee SVB’s deposits, adding that the long-standing bank’s “franchise value”

0 TMAC
anthim
@anthim in Status·15 days ago

The FDIC insures small #deposits in all the banks in the US, but that only covers about 9tln of the nearly 17tln of outstanding deposit base. [...] Under the hood the coverage rate is roughly 50% across most #institutions while credit unions are higher (not above)."

0 TMAC
anthim
@anthim in Status·15 days ago

If swift action isn’t taken, over 100,000 people could soon lose their jobs," says the #document urging regulators "to step in and #implement a backstop for depositors."

 
 

0 TMAC
anthim
@anthim in Status·15 days ago

Several U.K. #venture capital firms have shown support for SVB UK stating it is a “trusted” #partner and plays a "pivotal" role in supporting startups.

 
 

0 TMAC
anthim
@anthim in Status·15 days ago

The #statement expressed support for SVB UK stating that it is a “trusted” and “valued partner” that plays a “pivotal” role in #supporting startups in the U.K.

 
 

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anthim
@anthim in Status·15 days ago

In a brief and #straightforward message, crypto exchange Gemini denied rumors, saying its banking #relationship with JPMorgan remains intact.

 
 

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anthim
@anthim in Status·15 days ago

The #stablecoin issuer may take action to rectify the problem if the stablecoin’s value #continues to stray from its peg.

 
 

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anthim
@anthim in Status·15 days ago

As noted, many #factors, such as market turbulence, technological problems, a lack of liquidity and #regulatory problems, may result in a stablecoin depeg.

 
 

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anthim
@anthim in Status·15 days ago

Similarly, adjustments to interest rates or other #macroeconomic measures may impact #stablecoin demand.

 
 

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anthim
@anthim in Status·15 days ago

Compared with more #traditional methods like wire transfers or remittance services, #stablecoins can offer a more effective and affordable way to make payments and transfer value across borders.

 
 

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anthim
@anthim in Status·15 days ago

#Technology can group animals based on these #conditions and make predictions about their future based on the gathered data.

 
 

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anthim
@anthim in Status·15 days ago

As 2050 #approaches, the global population is projected to reach 9.7 billion, #necessitating a significant increase in food production.

 
 

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anthim
@anthim in Status·15 days ago

Regulatory risk: #Stablecoins depegging can also bring about regulatory problems. #Governments and authorities may impose restrictions on stablecoins if they believe that the assets threaten the stability of the broader financial system.

 
 

0 TMAC
anthim
@anthim in Status·24 days ago

The undeclared goal of the #successive waves of illegal #immigration is to consider Tunisia a purely African country that has no affiliation to the Arab and Islamic nations,

 
 

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anthim
@anthim in Status·24 days ago

Saied, who has #taken an increasingly authoritarian turn since suspending #parliament and dissolving the government in July 2021, said.

 
 

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novel
@novel in Status·25 days ago

#Binance USD #market cap falls below $10B amid rising regulatory concerns

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novel
@novel in Status·25 days ago

As it stands today, #BUSD's #market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022

 
 

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anthim
@anthim in Status·25 days ago

Initially estimated for late March, the #Shanghai upgrade will now likely be deployed sometime within the first two weeks of April. The delay was announced at an #Ethereum developer meeting on Mar. 2

 
 

0 TMAC
anthim
@anthim in Status·25 days ago

During the meeting, core #developers came to the consensus that the hard fork would occur about a fortnight after the Goerli testnet #launch, which has been slated for Mar. 14

 
 

0 TMAC
anthim
@anthim in Status·25 days ago

The Goerli #testnet will be the final dress rehearsal for the Shanghai hard fork before it is rolled out on the #mainnet

 
 

0 TMAC
anthim
@anthim in Status·25 days ago

The Shanghai Capella (also dubbed Shapella) #upgrade to Goerli will be the last chance for #Ethereum clients and staking providers to ensure the Shanghai hard fork can go through smoothly when it launches on the mainnet

 
 

0 TMAC
anthim
@anthim in Status·25 days ago

The long-awaited #Shanghai mainnet upgrade will allow the phased withdrawal of #Ethereum staked from the Beacon Chain

 
 

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anthim
@anthim in Status·25 days ago

To maintain network stability and security, #ETH #withdrawals will be dynamic and dependent on how many validators there are exiting at the time

 
 

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anthim
@anthim in Status·25 days ago

Validators must undergo a two-stage #process involving an exit queue and a #withdrawal period so it will happen gradually over time

 
 

0 TMAC
anthim
@anthim in Status·25 days ago

There are currently 17.1 million #ETH staked on the Beacon Chain representing just over 14% of the entire #supply. At current asset prices, it is valued at around $28 billion

 
 

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anthim
@anthim in Status·25 days ago

Furthermore, Shanghai has also been considered #bullish for liquid staking providers. Currently, staked ETH is locked on the Beacon Chain and has been since December 2020 when the #Ethereum consensus layer was launched

0 TMAC
anthim
@anthim in Status·25 days ago

Liquid staking #platforms such as Lido offer more flexibility and better yield opportunities on staked #ETH so may see an influx of collateral in the months following Shanghai

 
 

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anthim
@anthim in Status·25 days ago

#Bitcoin #price slides 5% in 60 minutes amid Silvergate uncertainty

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anthim
@anthim in Status·25 days ago

The #price of BTC has fallen a steep 5% in 60 minutes in the early hours of Mar. 3, wiping $22 billion from #Bitcoin's market cap

 
 

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anthim
@anthim in Status·25 days ago

The price of #Bitcoin (BTC) has fallen more than 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning #crypto-friendly bank Silvergate Capital

 
 

0 TMAC
anthim
@anthim in Status·25 days ago

The price drop has wiped $22 billion from #Bitcoin's total market capitalization, which is now at $430.9 billion, according to Cointelegraph #Markets Pro

 
 

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