Cryptocurrency
Tether’s price is anchored at $1 per coin. That’s because it is what’s called a stablecoin. Stablecoins are tied to the value of a specific asset, in Tether’s case, the U.S. dollar. https://agacollege.org/ Tether often acts as a medium when traders move from one cryptocurrency to another. Rather than move back to dollars, they use Tether. However, some people are concerned that Tether isn’t safely backed by dollars held in reserve but instead uses a short-term form of unsecured debt.
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Cryptocurrency news today
Over $470 million worth of crypto positions were liquidated over the last 24 hours. Long and short liquidations comprised $352.6 million and $119.9 million, respectively, with altcoins accounting for the vast majority of wiped positions, CoinGlass data shows.
Bitcoin BTCUSD and Ether ETHUSD accounted for a combined $108.9 million worth of liquidations, while Dogecoin DOGEUSD, XRP XRPUSD, and Stellar XLMUSD rounded out the top five with $33.1 million, $27.6 million, and $21.6 million liquidated.
Today in crypto, crypto liquidations reached $470 million after Bitcoin failed to break the $100,000 mark and retraced slightly. Tether minted an additional $3 billion USDT, and non-fungible tokens (NFTs) are on track to close November with strong momentum.
The Solana network maintained its ranking as the third highest in sales volume for digital collectibles. The network recorded $23.9 million in weekly sales, a 9% drop compared to the previous week. Meanwhile, Polygon, Mythos Chain, Immutable and BNB Chain collectively recorded a $35.8 million sales volume for the week.
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Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability.
Cryptocurrency reddit
Despite fears that minors may use unregulated cryptocurrency exchanges to gain access to risky investments, little is known about the experience of underage cryptocurrency users. To learn how teenagers access digital assets and the risks they encounter while using them, we conducted a multi-stage, inductive content analysis of 1,676 posts made to teenage communities on Reddit containing keywords related to cryptocurrency. We identified 1,409 (84.0%) posts that meaningfully discussed cryptocurrency, finding that teenagers most often use accounts in their parents’ names to purchase cryptocurrencies, presumably to avoid age restrictions. Teenagers appear motivated to invest by the potential for relatively large, short-term profits, but some discussed a sense of entertainment, ideological motivation, or an interest in technology. We identified many of the same harms adult users of digital assets encountered, including investment loss, victimization by fraud, and loss of keys. We discuss the implications of our results in the context of the ongoing debates over cryptocurrency regulation.
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Not looking to delve (yes, ChatGPT has taught me new words) into speculation and pricing and current market hysteria. That is for children. I’m trying to understand if the problems solved by ETH lead to monetization by public ETH holders. Because if not, then that is a challenging space to operate in.
i am a Ham radio operator and i want to experiment sending encrypted traffic* using JS8call. its a program sending/receiving UPPERCASE letters or numbers at about 8-40WPM. i need a something using symmetrical encryption that i can easily copy and paste text out off. JS8call already has checksum inside that enable the users to automatically see if the message is intact or not. so i dont need signatures, verification and stuff.
Like I get why ETH was so valuable/transformative a few years back, but from what I can tell now they’re still “working” on the same improvements & value-add tech/dapps that many other networks have since managed to create/solve for..