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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

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

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.

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.

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

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.

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

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.

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.

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

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.

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

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

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.

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.

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

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.

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.

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

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).

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

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

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

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

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

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

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

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.

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

#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.

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

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

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

 #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.

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

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”

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)."

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."

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.

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.

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

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

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

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

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.

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

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

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.

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,