Caash

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    <h2 id="what-is-caash-cash">
     What Is Caash (CASH)?
    </h2>
    <p>
     Caash is a decentralized application ecosystem designed to empower people that've never been exposed to crypto to not only feel comfortable, but confident while transacting. Caash Solutions (dApps) help people easily swap, stake, store, and spend crypto.
    </p>
    <p>
     Caash Solutions include:
    </p>
    <ul>
     <li>
      Caash Swap: Decentralized exchange leveraging 1inch API for best pricing
     </li>
     <li>
      Caash Me: Paypal-Like profile link generator to help people recognize your address
     </li>
     <li>
      Caash Pools: Staking platform for CASH and CASH LP tokens
     </li>
     <li>
      Caash Local: Peer to peer marketplace for trading CASH and BNB
     </li>
     <li>
      Caash Wallet: Self custody cold storage wallet compatible with mobile app
     </li>
    </ul>
    <h2 id="where-can-i-buy-caash-cash">
     Where Can I Buy Caash (CASH)?
    </h2>
    <p>
     CASH is available for trading on a growing number of exchanges like Caash Swap and PancakeSwap, with cryptocurrency and
     <a href="#">
      stablecoin
     </a>
     pairs currently available.
    </p>
    <p>
     New to cryptocurrency? Read CoinMarketCap’s
     <a href="#">
      easy guide
     </a>
     to buying Bitcoin or any other token.
    </p>
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description

Ethereum (ETH) is a cryptocurrency . Users are able to generate ETH through the process of mining. Ethereum has a current supply of 119,786,758.749. The last known price of Ethereum is 2,941.86480327 USD and is down -0.22 over the last 24 hours. It is currently trading on 5527 active market(s) with $18,115,041,131.55 traded over the last 24 hours. More information can be found at https://www.ethereum.org/.

Ethereum

All about

<h2 class="MuiBox-root jss1187"><strong>Governance</strong></h2>
<div class="MuiBox-root jss1188">
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Key Info</h3>
<div class="jss1291">Governance Type: No On-Chain Governance</div>
<div class="MuiBox-root jss1293"><hr class="MuiDivider-root jss558 MuiDivider-light jss559" /></div>
<div class="MuiBox-root jss1294 jss1191">
<p class="MuiTypography-root jss1190 MuiTypography-body2 MuiTypography-paragraph">Ethereum operates similarly to Bitcoin through off-chain, informal governance. In this model, developers can submit protocol upgrades, dubbed Ethereum Improvement Proposals (EIPs), on Ethereum's open-source GitHub repository. Core Ethereum developers then discuss new proposals, with additional input from the extended community. If approved by a majority vote, core developers merge the changes into the base code. To avoid complications post-merge, node operators must update their clients to the latest software.</p>
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<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">On-Chain Governance Details</h3>
<div class="MuiBox-root jss1296 jss1191">
<p class="MuiTypography-root jss1190 MuiTypography-body2 MuiTypography-paragraph">While Ethereum does not have an official on-chain governance model, it does have a history with coin voting. The three instances listed below are examples of loosely couple coin voting:</p>
<ul>
<li><a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://daostats.github.io/proposals.html" target="_blank" rel="noreferrer noopener">DAO proposal votes</a></li>
<li><a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="http://v1.carbonvote.com/" target="_blank" rel="noreferrer noopener">The DAO Carbonvote</a></li>
<li><a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="http://carbonvote.com/" target="_blank" rel="noreferrer noopener">The EIP 186/649/669 Carbonvote</a></li>
</ul>
<p class="MuiTypography-root jss1190 MuiTypography-body2 MuiTypography-paragraph">Loosely coupled coin voting still coordinates the details of the proposal off-chain, but participants submit their votes on-chain, with each vote weighted by the total amount of ether held by that address. Despite the correlation between voting weight and tokens held, users do not submit tokens alongside their votes and are therefore not subject to any direct financial burden. Hence, the loosely coupled label given to this style of governance by Vitalik Buterin.</p>
<p class="MuiTypography-root jss1190 MuiTypography-body2 MuiTypography-paragraph">Ethereum does not have any examples of coin voting as a built-in layer-1 protocol feature (referred to as tightly couple coin voting). But networks miners engage in a tightly couple voting process when determining whether to change the block gas limit.</p>
<p class="MuiTypography-root jss1190 MuiTypography-body2 MuiTypography-paragraph">See more details in Vitalik Buterin's <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://vitalik.ca/general/2017/12/17/voting.html" target="_blank" rel="noreferrer noopener">blog post</a> on blockchain governance</p>
</div>
</div>

Governance

<h1 id="conclusion" class="has-luminous-vivid-orange-color has-text-color">Conclusion</h1>
<h2 id="pros"><span id="Pros" class="ez-toc-section"></span><strong>Pros</strong></h2>
<ul class="has-normal-font-size">
<li>Existing network is extensive. The pros of Ethereum include a tried-and-true network that has been tested over years of operation and billions of dollars changing hands. It has the greatest ecosystem in blockchain and cryptocurrency, as well as a vast and committed global community.</li>
<li>A variety of functions are available. Ethereum can be used to perform different forms of financial transactions, execute smart contracts, and store data for third-party applications in addition to being utilized as a digital currency.</li>
<li>Constant improvement. A sizable community of Ethereum developers is always seeking for new methods to improve the network and create new applications.</li>
<li>Ethereum&rsquo;s decentralized network promises to let users leave behind third-party intermediaries, like lawyers who write and interpret contracts, banks that are intermediaries in financial transactions or third-party web hosting services.</li>
</ul>
<h2 id="cons"><span id="Cons" class="ez-toc-section"></span><strong>Cons</strong></h2>
<ul class="has-normal-font-size">
<li>Increasing transaction costs The increasing popularity of Ethereum has resulted in rising transaction prices. Ethereum transaction costs, often known as&nbsp;<strong>&ldquo;gas,&rdquo; reached a new high of $23 per transaction in February 2021</strong>. This is due to the fact that, unlike Bitcoin, where the network rewards transaction verifiers, Ethereum compels individuals involved in the transaction to pay the cost.</li>
<li>Crypto inflation is a possibility.&nbsp;<strong>While Ethereum has an annual limit of 18 million Ether</strong>, there is no lifetime limit on the amount of currencies that can be created. This could imply that, as an investment, Ethereum will behave more like dollars and will not appreciate as much as Bitcoin, which has a strict lifespan restriction on the number of tokens that can be created.</li>
<li>Developers have a steep learning curve. As developers transition from centralized processing to decentralized networks, Ethereum can be challenging to learn.</li>
<li>The future is unknown. Ethereum is still evolving and improving, and the ongoing development of Ethereum 2.0 promises additional functions and increased efficiency. This large network overhaul, on the other hand, creates uncertainty for apps and agreements that are now in use.</li>
<li>According to DeWaal,&nbsp;<strong>&ldquo;many new validators will be necessary for Ethereum 2.0 to function.&rdquo;</strong>&nbsp;&ldquo;The question is, will the move be successful?&rdquo; There are a lot of fresh elements that need to come together!&rdquo;</li>
</ul>
<h2 id="ethereum-vs-bitcoin"><span id="Ethereum_vs_Bitcoin" class="ez-toc-section"></span><strong>Ethereum vs Bitcoin</strong></h2>
<p>Bitcoin&rsquo;s primary purpose is to function as a virtual currency and a store of value. Although Ether can be used as a virtual currency and a store of value, the decentralized Ethereum network allows for the creation and execution of applications, smart contracts, and other transactions on the network. These functions are not available in Bitcoin. It is only used as a form of currency and a store of value.</p>
<p>Ethereum also has a faster transaction processing time.&nbsp;<strong>On the Bitcoin network, new blocks are validated every 10 minutes</strong>, whereas,&nbsp;<strong>on the Ethereum network, new blocks are validated every 12 seconds</strong>. Furthermore, future developments may accelerate Ethereum transactions even further.</p>
<p><strong>Finally, there is no limit to the number of potential Ether tokens, whereas Bitcoin will only release 21 million coins.</strong></p>
<figure id="Ethereum" class="wp-block-video aligncenter"></figure>
<p>Overall,&nbsp;<strong>Ethereum was the first to introduce the concept of a blockchain smart contract platform.</strong>&nbsp;Smart contracts are computer programs that automatically carry out the actions required to fulfill an agreement reached between multiple parties over the internet. They were created to eliminate the need for trusted intermediaries between contractors, lowering transaction costs while increasing transaction reliability.</p>
<p>The main innovation of Ethereum was the creation of a platform that allowed it to execute smart contracts using the blockchain, which reinforces the already existing benefits of smart contract technology.</p>
<p>According to co-founder Gavin Wood, Ethereum&rsquo;s blockchain was designed as a sort of &ldquo;one computer for the entire planet,&rdquo; theoretically capable of&nbsp;<strong>making any program more robust, censorship-resistant, and less prone to fraud by running it on a globally distributed network of public nodes.</strong></p>
<p>Through the use of its ERC-20 compatibility standard, Ethereum&rsquo;s blockchain can host other cryptocurrencies known as &ldquo;tokens&rdquo; in addition to smart contracts. Indeed, this has been the most common use of the ETH platform thus far, with over 280,000 ERC-20-compliant tokens launched to date.</p>
<p>Over 40 of these, such as USDT, LINK, and BNB, are among the top-100 cryptocurrencies in terms of market capitalization. Since the introduction of Play2Earn games, there has been a significant increase in interest in the ETH to PHP exchange rate.</p>
<p><strong>Find out more about Ethereum:</strong></p>
<p><strong>Website</strong>:&nbsp;<a href="https://ethereum.org/en/" target="_blank" rel="noreferrer noopener">https://ethereum.org/en/</a></p>
<p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/ethereum/" target="_blank" rel="noreferrer noopener">https://twitter.com/ethereum/</a></p>
<p><strong>GitHub:</strong>&nbsp;<a href="https://github.com/ethereum/ethereum-org-website" target="_blank" rel="noreferrer noopener">https://github.com/ethereum/ethereum-org-website</a></p>
<p><strong>Discord:</strong>&nbsp;<a href="https://discord.gg/CetY6Y4" target="_blank" rel="noreferrer noopener">https://discord.gg/CetY6Y4</a></p>
<p><strong>Youtube:</strong>&nbsp;<a href="https://youtube.com/channel/UCNOfzGXD_C9YMYmnefmPH0g" target="_blank" rel="noreferrer noopener">https://youtube.com/channel/UCNOfzGXD_C9YMYmnefmPH0g</a></p>
<p>If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com" target="_blank" rel="noreferrer noopener">ventures@coincu.com</a>.</p>
<p><strong>DISCLAIMER:</strong>&nbsp;The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.</p>

Veridct 

<h2 id="key-metrics"><strong>Key metrics</strong></h2>
<ul class="has-normal-font-size">
<li>Token Name:&nbsp;<strong>Ethereum</strong></li>
<li>Ticker:&nbsp;<strong>$ETH</strong></li>
<li>Blockchain:&nbsp;<strong>Ethereum</strong></li>
<li>Token Standard:
<ul>
<li><a href="https://ethereum.org/en/developers/docs/standards/tokens/erc-20/" target="_blank" rel="noreferrer noopener"><strong>ERC-20</strong></a>&nbsp;&ndash; A standard interface for fungible (interchangeable) tokens, like voting tokens, staking tokens or virtual currencies.</li>
<li><a href="https://ethereum.org/en/developers/docs/standards/tokens/erc-721/" target="_blank" rel="noreferrer noopener"><strong>ERC-721</strong></a>&nbsp;&ndash; A standard interface for non-fungible tokens, like a deed for artwork or a song.</li>
<li><strong><a href="https://ethereum.org/en/developers/docs/standards/tokens/erc-777/" target="_blank" rel="noreferrer noopener">ERC-777</a></strong>&nbsp;&ndash; Allows people to build extra functionality on top of tokens such as a mixer contract for improved transaction privacy or an emergency recover function to bail you out if you lose your private keys.</li>
<li><a href="https://ethereum.org/en/developers/docs/standards/tokens/erc-1155/" target="_blank" rel="noreferrer noopener"><strong>ERC-1155</strong></a>&nbsp;&ndash; Allows for more efficient trades and bundling of transactions &ndash; thus saving costs. This token standard allows for creating both utility tokens (such as $BNB or $BAT) and Non-Fungible Tokens like CryptoPunks</li>
</ul>
</li>
<li>Token Type:&nbsp;<strong>Utility, Governance</strong></li>
<li>Total Supply:&nbsp;<strong>118,468,222</strong></li>
<li>Circulating Supply:&nbsp;<strong>118,468,221.87 ETH</strong></li>
</ul>
<h2 id="token-supply-distribution"><span id="Token_Supply_Distribution" class="ez-toc-section"></span><strong>Token Supply Distribution</strong></h2>
<p>The Ethereum Foundation managed the original token distribution event, which sold about 60 million ethers (80 percent of the initial 72 million ETH supply) to the public. The auction took place between July 22nd and September 2nd, 2014.</p>
<p>However, before the Genesis Block was launched on July 31, 2015, the Ether purchased by crowdsale investors was not usable or transferrable. The price of ether was first established at a discounted rate of 2000 ETH per BTC until August 5, 2019, before dropping linearly to a final rate of 1337 ETH per BTC on August 28, 2014.</p>
<ul class="has-normal-font-size">
<li>In the first 12 hours of the sale,&nbsp;<strong>3,700 BTC were raised.</strong></li>
<li>In the first two weeks, about&nbsp;<strong>25,000 BTC were raised.</strong></li>
<li>The Ethereum Foundation eventually&nbsp;<strong>raised approximately 31,000 BTC</strong>,<strong>&nbsp;or $18.3 million, as a result of the sale</strong>.</li>
</ul>
<p>The remaining 12 million ETH (20% of the initial supply) went to the Foundation and early Ethereum contributors. The following ether was sent to the Foundation:</p>
<ul class="has-normal-font-size">
<li>3 million were set aside for a long-term endowment.</li>
<li>6 million dollars were divided among 85 developers who donated prior to the crowdsale.</li>
<li>3 million were created as a &ldquo;developer purchase program,&rdquo; which allowed Ethereum developers to buy ether at crowdsale pricing.</li>
</ul>
<h2 id="roadmap-business-development"><span id="Roadmap_Business_Development" class="ez-toc-section"></span><strong>Roadmap Business Development</strong></h2>
<h3 id="ethereum-2-0-roadmap">Ethereum 2.0 Roadmap</h3>
<p>The release of Ethereum 2.0 is divided into three parts:</p>
<ul class="has-normal-font-size">
<li><strong>The Beacon Change</strong></li>
<li><strong>The Merge</strong></li>
<li><strong>The Shard chains</strong></li>
</ul>
<p><strong>In December 2020, the Beacon Change (Phase 0)</strong>, which implemented the PoS algorithm, was first launched.&nbsp;<strong>PoS algorithms use less energy than PoW algorithms and are used in Cardano staking.</strong>&nbsp;Ethereum Staking is currently being tested, it will be released in 2022</p>
<p>&lsquo;<strong>The merge&rsquo; is the next stage.</strong>&nbsp;This significant phase will see the integration of the Beacon Chain into the mainnet and the end of PoW algorithms. &lsquo;The merger&rsquo; is&nbsp;<strong>expected to take place in 2021.</strong></p>
<p><strong>Shard chains will be implemented as the final upgrade planned for ETH2.0 This is scheduled for 2022.</strong>&nbsp;Because transactions can be split across 64 new chains, introducing sharding to Ethereum 2.0 should allow for increased scaling of Ethereum.</p>
<p>Ethereum co-founder Vitalik Buterin defined scalability as&nbsp;<strong>&ldquo;even more vital than Proof-of-Stake&rdquo;</strong>&nbsp;in&nbsp;<a href="https://www.facebook.com/suss.sg/videos/1174940702643388" target="_blank" rel="noreferrer noopener">a keynote speech at the Singapore University of Social Sciences.</a></p>
<h2 id="updates"><span id="Updates" class="ez-toc-section"></span><strong>Updates</strong></h2>
<h3 id="altair-upgrade">Altair Upgrade</h3>
<p>Altair is the first upgrade for Ethereum 2.0&rsquo;s Beacon Chain that has been launched on October 27, and it represents another significant step toward the complete release of ETH 2.0. The Beacon Chain augments the Ethereum network with staking and will eventually combine with the mainnet to eliminate Ethereum mining.</p>
<p>In conclusion, this upgrade, as detailed in&nbsp;<strong><a href="https://eips.ethereum.org/EIPS/eip-2982#initial-punitive-parameters/" target="_blank" rel="noreferrer noopener">EIP-2982</a></strong>, will introduce punitive parameters, or in-protocol penalties, for validators in order to further secure the network.</p>

Token Economics

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    <h2 id="what-is-ethereum-eth">
     What Is Ethereum (ETH)?
    </h2>
    <p>
     Ethereum is a decentralized open-source
     <a href="#">
      blockchain
     </a>
     system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other
     <a href="#">
      cryptocurrencies
     </a>
     , as well as for the execution of decentralized
     <a href="#">
      smart contracts
     </a>
     .
    </p>
    <p>
     Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the
     <a href="#">
      Initial Coin Offering
     </a>
     (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the
     <a href="#">
      return on investment
     </a>
     (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.
    </p>
    <p>
     The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London”
     <a href="#">
      hard fork
     </a>
     .
    </p>
    <p>
     Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.
    </p>
    <h3 id="who-are-the-founders-of-ethereum">
     Who Are the Founders of Ethereum?
    </h3>
    <p>
     Ethereum has a total of eight
     <a href="#">
      co-founders
     </a>
     — an unusually large number for a crypto project. They first met on June 7, 2014, in Zug, Switzerland.
    </p>
    <ul>
     <li>
      Russian-Canadian
      <a href="#">
       Vitalik Buterin
      </a>
      is perhaps the best known of the bunch. He authored the original white paper that first described Ethereum in 2013 and still works on improving the platform to this day. Prior to ETH, Buterin co-founded and wrote for the Bitcoin Magazine news website.
     </li>
     <li>
      British programmer
      <a href="#">
       Gavin Wood
      </a>
      is arguably the second most important co-founder of ETH, as he coded the first technical implementation of Ethereum in the C++ programming language, proposed Ethereum’s native programming language Solidity and was the first chief technology officer of the Ethereum Foundation. Before Ethereum, Wood was a research scientist at Microsoft. Afterward, he moved on to establish the Web3 Foundation.
     </li>
    </ul>
    <p>
     Among the other co-founders of Ethereum are: - Anthony Di Iorio, who underwrote the project during its early stage of development. -
     <a href="#">
      Charles Hoskinson
     </a>
     , who played the principal role in establishing the Swiss-based Ethereum Foundation and its legal framework. - Mihai Alisie, who provided assistance in establishing the Ethereum Foundation. -
     <a href="#">
      Joseph Lubin
     </a>
     , a Canadian entrepreneur, who, like Di Iorio, has helped fund Ethereum during its early days, and later founded an incubator for startups based on ETH called ConsenSys. - Amir Chetrit, who helped co-found Ethereum but stepped away from it early into the development.
    </p>
    <h4 id="what-makes-ethereum-unique">
     What Makes Ethereum Unique?
    </h4>
    <p>
     Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability.
    </p>
    <p>
     Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology. Ethereum’s blockchain was designed, according to co-founder Gavin Wood, as a sort of “one computer for the entire planet,” theoretically able to make any program more robust, censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes.
    </p>
    <p>
     In addition to smart contracts, Ethereum’s blockchain is able to host other cryptocurrencies, called “tokens,” through the use of its ERC-20 compatibility standard. In fact, this has been the most common use for the ETH platform so far: to date, more than 280,000 ERC-20-compliant tokens have been launched. Over 40 of these make the top-100 cryptocurrencies by market capitalization, for example,
     <a href="#">
      USDT
     </a>
     ,
     <a href="#">
      LINK
     </a>
     and
     <a href="#">
      BNB
     </a>
     . Since the emergence of
     <a href="#">
      Play2Earn
     </a>
     games, there has been a substantial increase in interest in the
     <a href="#">
      ETH to PHP price
     </a>
     .
    </p>
    <h2 id="ethereum-london-hard-fork">
     Ethereum London Hard Fork
    </h2>
    <p>
     The Ethereum network has been plagued with high transaction fees, often buckling at seasons of high demand. In May 2021, the average transaction fee of the network peaked at
     <a href="#" rel="noopener nofollow" target="_blank">
      $71.72
     </a>
     .
    </p>
    <p>
     In addition to the high cost of transactions, the leading altcoin also suffers from scalability issues.
    </p>
    <p>
     As already mentioned, there are plans to transition to a proof-of-stake algorithm in order to boost the platform’s scalability and add a number of new features. The development team has already begun the transition process to ETH 2.0, implementing some upgrades along the way, including the London hard fork.
    </p>
    <p>
     The London upgrade went live in August 2021. It included five Ethereum Improvement Proposals (EIPs), namely EIP-3529, EIP-3198, EIP-3541, and most notably EIP-1559 and EIP-3554.
    </p>
    <p>
     EIP-1559 is arguably the most popular upgrade out of all the EIPs.
    </p>
    <h3 id="what-is-eip-1559">
     What Is EIP-1559?
    </h3>
    <p>
     The EIP-1559 upgrade introduces a mechanism that changes the way gas fees are estimated on the Ethereum blockchain. Before the upgrade, users had to participate in an open auction for their transactions to be picked up by a miner. This process is known as a “first-price auction,” and as expected, the highest bidder wins.
    </p>
    <p>
     With EIP-1559, this process is handled by an automated bidding system, and there is a set “base fee” for transactions to be included in the next block. This fee varies based on how congested the network is. Furthermore, users who wish to speed up their transactions can pay a “priority fee” to a miner for faster inclusion.
    </p>
    <p>
     EIP-1559 also introduces a fee-burning mechanism. A part of every transaction fee (the base fee) is burned and removed out of circulation. This is intended to lower the circulating supply of Ether and potentially increase the value of the token over time.
    </p>
    <p>
     Interestingly, less than two months after the London upgrade was implemented, the network had burned over $1 billion worth of Ether.
    </p>
    <h4 id="related-pages">
     Related Pages:
    </h4>
    <p>
     New to crypto? Learn how to buy Bitcoin
     <a href="#">
      today
     </a>
     .
    </p>
    <p>
     Want to keep track of Ethereum price live? Download the
     <a hre

Tether (USDT) is a cryptocurrency and operates on the Ethereum platform. Tether has a current supply of 82,164,697,048.77821 with 79,442,056,421.09529 in circulation. The last known price of Tether is 1.00043952 USD and is down -0.01 over the last 24 hours. It is currently trading on 28914 active market(s) with $73,966,209,298.22 traded over the last 24 hours. More information can be found at https://tether.to.

Tether

<p><em>Cryptocurrency is constantly in the news as well-known financial institutions and companies add Bitcoin to their balance sheets. In recent times, the less volatile assets within cryptocurrency &mdash; stablecoins &mdash; are also making their way onto investors&rsquo; radars. The largest stablecoin by market capitalization is Tether (USDT).</em></p>
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<h1 id="what-is-tether-usdt"><span id="What_is_Tether_USDT" class="ez-toc-section">What is Tether (USDT)?</span></h1>
<p><strong>Tether (USDT)</strong>&nbsp;is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.&nbsp;<strong>Tether</strong>&nbsp;works to disrupt the conventional financial system via a more modern approach to money.&nbsp;<strong>Tether</strong>&nbsp;has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit),&nbsp;<strong>Tether</strong>&nbsp;has democratised cross-border transactions across the blockchain.&nbsp;<img title="What is Tether (USDT)? The most widely adopted stablecoins 1" src="https://news.coincu.com/59840-what-is-tether-usdt/" alt="" data-pin-no-hover="true" /></p>
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<p><strong>USDT</strong>&nbsp;has been integrated into various platforms such as Bitcoin Blockchain, Ethereum, Tron, EOS, Liquid Network, Omni, Binance Smart Chain, etc. Buying, selling, and hoarding USDT is therefore simple and quick.</p>
<h1 id="what-does-tether-usdt-do"><span id="What_does_Tether_USDT_do" class="ez-toc-section">What does Tether (USDT) do?</span></h1>
<p>The technical structure of Tether is that it is based on the Omni Platform. The platform provides the foundation from which various digital assets are supported. The stablecoin&rsquo;s built on Bitcoin (BTC) and Ethereum (ETH) blockchains.</p>
<p>Tether exists as a 1:1 currency peg for the US Dollar, Euro, and the Offshore Chinese Yuan. These fiat currency-backed stablecoins are essentially digital tokens that represent the value of their underlying assets.</p>
<p>They function just like their other cryptocurrency counterparts and move value on their respective blockchains.</p>
<p>Speaking of blockchains, Tether tokens operate on the Bitcoin (Omni and Liquid protocol),&nbsp;<a href="https://wazirx.com/blog/what-is-ethereum/" target="_blank" rel="noopener">Ethereum</a>, EOS, and Tron blockchains.</p>
<p>Tethers existing on these blockchains are like applications that leverage the open-source software of these decentralized networks for the supply and issuance of tokenized real-world currencies.</p>
<h2 id="purpose-of-tether-usdt"><span id="Purpose_of_Tether_USDT" class="ez-toc-section"></span>Purpose of Tether (USDT)</h2>
<ul>
<li>Make it easy for consumers to pay for currency transactions between different countries, replace current transaction payments and audits of unstable wallets.</li>
<li>Provide evidence of the reserve steps, easily query the transaction payment number by the check appearance. The total amount of USD into the reserve is also proven by checking the balance with the bank balance.</li>
</ul>
<h1 id="how-to-buy-tether-usdt">How to buy Tether (USDT)?</h1>
<p>Tether is available to purchase on Liquid. You can also use the Liquid exchange to store your&nbsp;<strong>USDT</strong>. Liquid supports a variety of fiat-backed stablecoins such as GYEN, ZUSD, XSGD, USDT,&nbsp;<a href="https://news.coincu.com/59225-what-is-usdc/" target="_blank" rel="noreferrer noopener" data-type="URL" data-id="https://news.coincu.com/59225-what-is-usdc/">USDC</a>, IDRT. These stablecoins are key components of Liquid&rsquo;s Stablecoin Exchange initiative, which will provide Liquid users a service to lend and borrow stablecoins and trade synthetic FX pairs 24/7 using credible, fiat-backed stablecoins.&nbsp;</p>
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<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped"><strong>Tether (USDT)</strong>&nbsp;addresses a critical area: Linking fiat currency and cryptocurrency assets. More importantly, Tether allows customers to enjoy many benefits of crypto trading and transactions without worrying about sudden price fluctuations.</figure>
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<p>Read More: <a href="https://coincu.com/currencies/usdt-tether/stories/">Click Here</a></p>

<h2 class="MuiBox-root jss3858"><strong>Technology</strong></h2>
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<p class="MuiTypography-root jss3861 MuiTypography-body2 MuiTypography-paragraph">Tether relies on a proof-of-reserves system to ensure that reserve assets match circulating tokens. This requires a third-party to audit Tether&rsquo;s bank accounts on a regular basis to show that U.S. dollar reserves are held in an amount equal to outstanding tokens. Tether uses an IOU issuance model where each USDT represents a claim for $1.00 held in the Tether's reserves which users can redeem at any time.</p>
<p class="MuiTypography-root jss3861 MuiTypography-body2 MuiTypography-paragraph">On Bitcoin, USDT tokens are issued via the Omni Layer protocol, which is a protocol built as a layer over Bitcoin that allows for the issuance of tokens representing any kind of asset.</p>
<p class="MuiTypography-root jss3861 MuiTypography-body2 MuiTypography-paragraph">On Ethereum, USDT tokens are issued using the $2 protocol standard for creating tokens on Ethereum. ERC-20 tokens include a common set of rules that define how a token can be transferred, approved, and requested.</p>
<h1 id="usdt-price-statistics">USDT Price Statistics</h1>
<p>In most stablecoin scenarios, the token will have its value pegged to a fiat currency. In the case of Tether,&nbsp;<strong>USDT</strong>&nbsp;shares its value with the US dollar. In essence, 1&nbsp;<strong>USDT</strong>&nbsp;is worth $1. Additionally, anyone can choose to redeem their 1$ of fiat currency through Tether Unlimited at any time.</p>
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<figure class="wp-block-image size-full is-style-default"><img class="wp-image-59846" title="What is Tether (USDT)? The most widely adopted stablecoins 4" src="https://news.coincu.com/wp-content/uploads/2022/01/1234.png" sizes="(max-width: 981px) 100vw, 981px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/1234.png 981w, https://news.coincu.com/wp-content/uploads/2022/01/1234-300x222.png 300w, https://news.coincu.com/wp-content/uploads/2022/01/1234-768x568.png 768w, https://news.coincu.com/wp-content/uploads/2022/01/1234-750x554.png 750w" alt="1234" width="981" height="725" loading="lazy" data-pin-no-hover="true" />
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<h1 id="is-tether-usdt-a-good-investment"><span id="Is_Tether_USDT_a_good_investment" class="ez-toc-section">Is Tether (USDT) a good investment?</span></h1>
<p>With the creation of&nbsp;<strong>Tether</strong>&nbsp;<strong>and other stablecoins</strong>, it is quick and easy to swap any cryptocurrency for Tether, while converting a cryptocurrency to cash would take days and cost transaction fees. This creates liquidity for exchange platforms, creates no-cost exit strategies for investors and adds&nbsp;<a href="https://www.gobankingrates.com/investing/crypto/stablecoin-regulation-bring-level-of-certainty-bank-stocks/" target="_blank" rel="noopener">flexibility and stability</a>&nbsp;to investors&rsquo; portfolios.</p>
<p>Additionally,&nbsp;<strong>Tether</strong>&nbsp;can be sent anywhere globally much more quickly and with lower fees than transfers at traditional banks and financial institutions. While most people wouldn&rsquo;t use Bitcoin or Ethereum for purchases and daily transactions due to their high volatility, it makes perfect sense to use Tether.</p>
<p>For these reasons and more, it is still worthwhile to consider investing in&nbsp;<strong>Tether</strong>. While&nbsp;<strong>Tether</strong>&nbsp;is not necessarily a long-term investment that will grow your money by itself because it stays pegged to the U.S. dollar, there are lending platforms, exchanges and wallets that will pay you high-interest rates to store&nbsp;<strong>USDT</strong>&nbsp;on their platform.</p>
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Technology

<h2 class="MuiBox-root jss3858"><strong>Token Usage</strong></h2>
<div class="MuiBox-root jss3859"><strong>Key Info</strong>
<div class="jss3891">Token Type: ERC-20, Omni, TRC-20. Token Uses: Payments</div>
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<p class="MuiTypography-root jss3861 MuiTypography-body2 MuiTypography-paragraph">USDT can be transacted over Ethereum, Bitcoin's Omni layer, EOS, and Tron in the same manner as ether, bitcoin, eos, and tron, respectively. If a user wishes to redeem USDT they can send tokens to an address controlled by Tether Ltd. who will destroy the tokens and transfer fiat currency to the user's bank account. Tether&rsquo;s existence on public blockchains allows traders and exchanges to use USDT as an alternative to fiat currencies, reducing or eliminating the need for banking relationships and outsourcing custody of fiat currencies to Tether Ltd.</p>
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<h2 class="MuiBox-root jss3858"><strong>Supply Schedule</strong></h2>
<div class="MuiBox-root jss3859"><strong>Key Info</strong>
<div class="jss3891">General Emission Type: Burn &amp; Mint. Precise Emission Type: Other Burn &amp; Mint models</div>
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<strong>Details</strong>
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<p class="MuiTypography-root jss3861 MuiTypography-body2 MuiTypography-paragraph">Hong Kong based Tether Ltd. is the sole entity capable of altering the circulating supply of USDT tokens. Users create new tokens by depositing fiat currency into bank accounts operated by Tether Limited, which leads to a creation of new USDT tokens on a 1:1 reserve basis. USDT can be transacted over the Omni layer in the same manner as bitcoins. If a user wishes to redeem USDT they can send tokens to an address controlled by Tether Ltd. who will destroy the tokens and transfer fiat currency to the user's bank account.</p>
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<div>
 <p>
 </p>
 <p>
  The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.
 </p>
 <h2 id="who-are-the-founders-of-tether">
  Who Are The Founders Of Tether?
 </h2>
 <p>
  USDT — or as it was known at the time, Realcoin — was launched in 2014 by Brock Pierce, Reeve Collins and Craig Sellars.
 </p>
 <p>
  Brock Pierce is a well-known entrepreneur who has co-founded a number of high-profile projects in the crypto and entertainment industries. In 2013, he co-founded a venture capital firm Blockchain Capital, which by 2017 had raised over $80 million in funding. In 2014, Pierce became the director of the Bitcoin Foundation, a nonprofit established to help improve and promote Bitcoin. Pierce has also co-founded Block.one, the company behind EOS, one of the largest cryptocurrencies on the market.
 </p>
 <p>
  Reeve Collins was the CEO of Tether for the first two years of its existence. Prior to that, he had co-founded several successful companies, such as the online ad network Traffic Marketplace, entertainment studio RedLever and gambling website Pala Interactive. As of 2020, Collins is heading SmarMedia Technologies, a marketing and advertising tech company.
 </p>
 <p>
  Other than working on Tether, Craig Sellars has been a member of the Omni Foundation for over six years. Its Omni Protocol allows users to create and trade smart-contract based properties and currencies on top of Bitcoin’s blockchain. Sellars has also worked in several other cryptocurrency companies and organizations, such as Bitfinex, Factom, Synereo and the MaidSafe Foundation.
 </p>
 <h3 id="what-makes-tether-unique">
  What Makes Tether Unique?
 </h3>
 <p>
  USDT’s unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S. dollar. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents.
 </p>
 <p>
  The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value. USDT, on the other hand, is protected from these fluctuations.
 </p>
 <p>
  This property makes USDT a safe haven for crypto investors: during periods of high volatility, they can park their portfolios in Tether without having to completely cash out into USD. In addition, USDT provides a simple way to transact a U.S. dollar equivalent between regions, countries and even continents via blockchain — without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.
 </p>
 <p>
  However, over the years, there have been a number of controversies regarding the validity of Tether’s claims about their USD reserves, at times disrupting USDT’s price, which went down as low as $0.88 at one point in its history. Many have raised concerns about the fact that Tether’s reserves have never been fully audited by an independent third party.
 </p>
 <h4 id="related-pages">
  <strong>
   Related Pages
  </strong>
  :
 </h4>
 <p>
  Looking for market and blockchain data for BTC? Visit our
  <a href="#">
   block explorer
  </a>
  .
 </p>
 <p>
  Want to buy crypto? Use CoinCu’s
  <a href="#">
   guide
  </a>
  .
 </p>
 <h3 id="how-many-tether-usdt-coins-are-there-in-circulation">
  How Many Tether (USDT) Coins Are There In Circulation?
 </h3>
 <p>
  There is no hard-coded limit on the total supply of USDT — given the fact that it belongs to a private company, theoretically, its issuance is limited only by Tether’s own policies. However, because Tether claims that every single USDT is supposed to be backed by one U.S. dollar, the amount of tokens is limited by the company’s actual cash reserves.
 </p>
 <p>
  Moreover, Tether does not disclose its issuance schedules ahead of time. Instead, they provide daily transparency reports, listing the total amount of their asset reserves and liabilities, the latter corresponding to the amount of USDT in circulation.
 </p>
 <p>
  As of September 2020, there are over 14.4 billion USDT tokens in circulation, which are backed by $14.6 billion in assets, according to Tether.
 </p>
 <h3 id="how-is-the-tether-network-secured">
  How Is the Tether Network Secured?
 </h3>
 <p>
  USDT does not have its own blockchain — instead, it operates as a second-layer token on top of other cryptocurrencies’ blockchains: Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash and OMG, and is secured by their respective hashing algorithms.
 </p>
 <h3 id="where-can-you-buy-tether-usdt">
  Where Can You Buy Tether (USDT)?
 </h3>
 <p>
  It is possible to
  <a href="#">
   buy Tether
  </a>
  / USDT on a large number of cryptocurrency exchanges. In fact, USDT’s average daily trading volume is often on par or even exceeds that of Bitcoin. It is especially prominent on those exchanges where fiat-to-crypto trading pairs are unavailable, as it provides a viable alternative to USD. Here are some of the most popular exchanges that support Tether trading:
 </p>
 <ul>
  <li>
   <a href="#">
    Binance
   </a>
  </li>
  <li>
   <a href="#">
    OKEx
   </a>
  </li>
  <li>
   <a href="#">
    HitBTC
   </a>
  </li>
  <li>
   <a href="#">
    Huobi Global
   </a>
  </li>
 </ul>
</div>
<div class="sc-101ku0o-2 exKUGw">
 <p>
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  Tether
  
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    Outright Ban on Stablecoins in U.S. Would Be 'Sad,' Sam Bankman-Fried Says
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  <li>
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   <a href="#">
    Is Tether Untouchable? The Latest Twist in a Long-Running Drama
   </a>
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 </ul>
</div>

<h1 id="conclusion-and-analysis">Conclusion and analysis</h1>
<p><strong>Tether (USDT)</strong>&nbsp;is a member of the stablecoins family. Although Tether had no collateral, it acts similar to that of a reserve bank to maintain the necessary supply of&nbsp;<strong>Tether (USDT)</strong>&nbsp;tokens, providing users with stable, transparent, and minimal transaction fees.</p>
<p><strong>Find more information about&nbsp;</strong><strong>Tether</strong><strong>&nbsp;(USDT)</strong><strong>:</strong></p>
<p>Website:&nbsp;<a href="https://tether.to/en/" target="_blank" rel="noopener">https://tether.to/en/</a></p>
<p>&nbsp;If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com">ventures@coincu.com</a>.</p>
<p><strong>DISCLAIMER</strong>: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.</p>

Verdict 

USD Coin (USDC) is a cryptocurrency and operates on the Ethereum platform. USD Coin has a current supply of 53,542,347,636.55828. The last known price of USD Coin is 0.99985399 USD and is down -0.02 over the last 24 hours. It is currently trading on 3145 active market(s) with $5,458,918,990.38 traded over the last 24 hours. More information can be found at https://www.centre.io/usdc.

USD Coin

<h1 class="MuiBox-root jss7173">Technology</h1>
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<div class="MuiBox-root jss7215 jss7177">
<p class="MuiTypography-root jss7176 MuiTypography-body2 MuiTypography-paragraph">USD Coin is the first implementation of CENTRE's fiat-back stablecoin network, launched as an ERC-20 compliant token on Ethereum. USDC relies on a proof-of-reserves system to ensure that reserve assets match circulating tokens.</p>
<p class="MuiTypography-root jss7176 MuiTypography-body2 MuiTypography-paragraph">CENTRE contracts manage the minting and the redemption/burning of stablecoins, which can be used for both the exchange and wallet interoperability use cases. Customers who on-board through a stablecoin on-ramp, such as a web application created and maintained by a licensed CENTRE token-issuing member, can transfer fiat funds into that CENTRE issuer&rsquo;s account. The issuer then executes a series of commands with the CENTRE network to verify, mint, and validate fiat tokens pegged to the value of those deposited funds. The customer can then transfer those tokens elsewhere in order to use them. Redemption follows the reverse sequence: fiat tokens are burned when a customer visits an off-ramp such as a web application maintained by a licensed CENTRE issuing member. Upon successful verification and validation, funds from underlying fiat reserves would be transferred to the customer&rsquo;s external bank.</p>
<h1 id="what-does-usdc-do">What does USDC do?</h1>
<p class="has-normal-font-size">Circle Company issues&nbsp;<strong>USDC</strong>&nbsp;with the following objectives:</p>
<ul class="has-normal-font-size">
<li><strong>Bring transparency</strong>: Transparency brings trust, and trust is a necessary factor in giving users a reason to trust stablecoins to be stable over the long term. The source code of the&nbsp;<strong>USDC</strong>&nbsp;token is open, so all issuance and amount of&nbsp;<strong>USD</strong>&nbsp;<strong>coins</strong>&nbsp;are publicly disclosed and audited by leading auditing firms.</li>
<li><strong>Bring high liquidity:</strong>&nbsp;<strong>USDC</strong>&nbsp;is backed 1:1 with the US Dollar. Circle is one of the major technology companies in the US, it is valued at 3 billion&nbsp;<strong>USD</strong>, and is licensed to operate by the New York Stock Exchange (NYSE). Having a large company like Circle behind it as a launch pad will make it possible for this token to withstand periods of market volatility and reach the sustainable crypto space. In addition, investors can convert USD to&nbsp;<strong>USDC</strong>&nbsp;and vice versa at any time at a ratio of 1:1, only needing approval through Circle&rsquo;s KYC/AML process. Circle also ensures that the&nbsp;<strong>USD Coin</strong>&nbsp;rate is always stable around 1&nbsp;<strong>USD</strong>&nbsp;to provide the best store of value for investors.</li>
<li><strong>Build credibility:</strong>&nbsp;A brand everyone knows and loves will make&nbsp;<strong>USDC</strong>&nbsp;easier to accept.</li>
</ul>
<p class="has-normal-font-size"><strong>USD Coin</strong>&nbsp;functions exactly like the US dollars, so you can spend it in pretty much any way you would with cash. The only thing you can&rsquo;t do with a token is to fold it up and stuff it in your pocket.</p>
<p>Here are some of the most typical usage of&nbsp;<strong>USD</strong>&nbsp;<strong>Coin</strong>:</p>
<ul class="has-normal-font-size">
<li>Buy cryptocurrencies: You can trade&nbsp;<strong>USDC</strong>&nbsp;for any other type of crypto across many platforms. Note that since its value is fixed to the dollar, you&rsquo;ll be subjected to exchange rate fluctuations when trading for other stablecoins.</li>
<li>Make online purchases: One of the most significant advantages of using&nbsp;<strong>USDC</strong>&nbsp;is privacy. Transactions made on DEX are verified by smart contracts. They serve as a receipt of your payment so you can always keep track of your expenses. Commercial purchases are also possible. Companies that accept crypto payments usually take&nbsp;<strong>USD</strong>&nbsp;Coins as well. They include major corporations like Amazon, Microsoft, Visa, Tesla, and more.</li>
<li>Earn Interests: Like the regular dollars, you can put&nbsp;<strong>USD</strong>&nbsp;Coins in an earning program, an exchange may offer, and make passive gains. Since it has a fixed value, you won&rsquo;t have to worry about depreciation.</li>
</ul>
<h1 id="is-usdc-a-good-investment"><span id="Is_USDC_a_good_investment" class="ez-toc-section">Is USDC a good investment?</span></h1>
<p class="has-normal-font-size">There are a few things that make&nbsp;<strong>USDC</strong>&nbsp;stand out from the crowd. These characteristics make&nbsp;<strong>USDC</strong>&nbsp;an attractive choice among crypto buyers, especially beginners.</p>
<h2 id="1-easily-transferable"><span id="1_Easily_transferable" class="ez-toc-section"></span>1. Easily transferable</h2>
<p class="has-normal-font-size">Two parties, both of whom have an Ethereum wallet, can transact&nbsp;<strong>USDC</strong>&nbsp;in a matter of seconds regardless of what time of day it is.</p>
<h2 id="2-compatibility-with-dapps"><span id="2_Compatibility_with_dApps" class="ez-toc-section"></span>2. Compatibility with dApps</h2>
<p class="has-normal-font-size">The crypto dApps, blockchain-based gaming, and exchanges ecosystem has been flourishing for the past several years. Since&nbsp;<strong>USDC</strong>&nbsp;is an&nbsp;<strong>ERC-20 token</strong>, any app that accepts this standard will accept&nbsp;<strong>USDC</strong>.</p>
<h2 id="3-transparency-and-security"><span id="3_Transparency_and_security" class="ez-toc-section"></span>3. Transparency and security</h2>
<p class="has-normal-font-size">Circle, an organization that is part of the Center Consortium, issues&nbsp;<strong>USDC</strong>. It has partnered with Coinbase for its&nbsp;<strong>USDC</strong>&nbsp;project. Plus, the transactions are audited by Grant Thornton LLP. Involvement of two reputable companies and audit by a leading accounting services firm ensure transparency in the firm&rsquo;s affairs.</p>
<p class="has-normal-font-size"><strong>USDC</strong>&nbsp;is also a more secure way to hold funds instead of putting dollars in the bank, provided the person uses a private wallet. If someone gets their hands on a person&rsquo;s login credentials, they can easily access accounts like PayPal or internet banking.</p>
<p class="has-normal-font-size">The server stores passwords as a hash. So, a hacker may be able to gain access to this hash, run cracking software and get the password. On the contrary, a hacker can get access to a person&rsquo;s&nbsp;<strong>USDC</strong>&nbsp;only when they get their hands on the private key which is stored in the&nbsp;<strong>USDC</strong>-holder&rsquo;s personal computer.</p>
<p class="has-normal-font-size">Unless a person is a well-known, big-ticket crypto investor, the chances of their personal computer being attacked are very slim.</p>
<h2 id="4-stability"><span id="4_Stability" class="ez-toc-section"></span>4. Stability</h2>
<p class="has-normal-font-size">This characteristic is common across all Stablecoins. The main reason why some people like Stablecoins is because they allow exposure to the crypto space without having to deal with the fear of massive volatility.</p>
</div>
</div>

<h2 class="MuiBox-root jss7173"><strong>Token Usage</strong></h2>
<div class="MuiBox-root jss7174"><strong>Key Info</strong>
<div class="jss7208">Token Type: ERC-20. Token Uses: Payments</div>
<div class="MuiBox-root jss7210"><hr class="MuiDivider-root jss6645 MuiDivider-light jss6646" /></div>
<div class="MuiBox-root jss7211 jss7177">
<p class="MuiTypography-root jss7176 MuiTypography-body2 MuiTypography-paragraph">USDC can be transacted over the Ethereum blockchain in the same manner as Ether or any other ERC-20 asset. If a user wishes to redeem USDC they can send tokens to an address controlled by CENTRE members who will destroy the tokens and transfer fiat currency to the user's bank account. USDC&rsquo;s existence on public blockchains allows traders and exchanges to use USDC as an alternative to fiat currencies allowing them to outsource their banking needs to CENTRE. USDC existence as an ERC-20 token on Ethereum allows it to be integrated with Ethereum based applications. In addition to being used a method of payment, USDC can also be lent, borrowed, staked, and traded using DeFi protocols.</p>
</div>
</div>
<h2 class="MuiBox-root jss7173"><strong>Supply Schedule</strong></h2>
<div class="MuiBox-root jss7174"><strong>Key Info</strong>
<div class="jss7208">General Emission Type: Burn &amp; Mint. Precise Emission Type: Other Burn &amp; Mint models</div>
<div class="MuiBox-root jss7213"><hr class="MuiDivider-root jss6645 MuiDivider-light jss6646" /></div>
<strong>Details</strong>
<div class="MuiBox-root jss7214 jss7177">
<p class="MuiTypography-root jss7176 MuiTypography-body2 MuiTypography-paragraph">Users create new tokens by depositing fiat currency into regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency. CENTRE notes that issuers are required to regularly report their USD reserve holdings, and Grant Thornton LLP issues reports on those holdings every month. Tokens are destroyed when users send tokens to an address controlled by CENTRE members.</p>
</div>
</div>
<p>&nbsp;</p>

<h1 id="what-is-usdc"><span id="What_is_USDC" class="ez-toc-section">What is USDC?</span></h1>
<p class="has-normal-font-size"><strong>USD Coin (USDC)</strong>&nbsp;is a digital currency that is referred to as a Stablecoin (a coin with fixed value). You can always exchange one&nbsp;<strong>USD Coin</strong>&nbsp;for 1 US Dollar, which makes its price stable at $1. In Coinbase, eligible customers can receive rewards for each&nbsp;<strong>USD Coin</strong>&nbsp;they hold.</p>
<ul class="has-normal-font-size">
<li>Stable value: For customers with a US Dollar bank account, 1&nbsp;<strong>USDC</strong>&nbsp;can always be exchanged for 1 US Dollar, giving it some price stability.</li>
<li>Backed by US dollars: Each&nbsp;<strong>USDC</strong>&nbsp;has a certified US dollar behind it, which is kept in the bank.</li>
<li>Powered by Ethereum:&nbsp;<strong>USD Coin</strong>&nbsp;is a token on the Ethereum platform, so you can store it in a suitable wallet like the Coinbase wallet.</li>
<li>Global transactions:&nbsp;<strong>USC Coin</strong>&nbsp;is designed to help Dollars circulate globally from your crypto wallet to exchanges, businesses or other users.</li>
<li>Above is an introduction to what&nbsp;<strong>USDC</strong>&nbsp;is &ndash; A stable coin created by Coinbase.</li>
</ul>
<p class="has-normal-font-size"><strong>USDC</strong>&nbsp;runs on the Ethereum blockchain as an&nbsp;<strong>ERC-20 token</strong>. Each&nbsp;<strong>USDC</strong>&nbsp;token is 100% legally backed by a single&nbsp;<strong>USD</strong>&nbsp;held in accounts exposed to regular public reserve reporting. The underlying technology behind the&nbsp;<strong>USDC</strong>&nbsp;was developed in collaboration between Coinbase and the Circle platform.</p>
<p class="has-normal-font-size">Read More: <a href="https://coincu.com/currencies/usdc-usd-coin/stories/">Click Here</a></p>

<h1 id="conclusion-and-analysis">Conclusion and analysis</h1>
<p class="has-normal-font-size">Ultimately&nbsp;<strong>USDC</strong>&nbsp;is one of the leading stable coins for a reason and continues to play a large role in the adoption of cryptocurrency globally. Built through a partnership with two reputable organizations Coinbase and Circle, and overseen by Centre, a leading open source project&nbsp;<strong>USDC</strong>&nbsp;remains one of the most trusted stable coin assets on the market today.</p>
<p class="has-normal-font-size"><strong>Find more information about USDC:</strong></p>
<p class="has-normal-font-size">Website:&nbsp;<a href="https://www.centre.io/usdc" target="_blank" rel="noopener">https://www.centre.io/usdc</a></p>
<p class="has-normal-font-size">If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com">ventures@coincu.com</a>.</p>
<p class="has-normal-font-size"><strong>DISCLAIMER</strong>: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.</p>

Verdict

<div class="sc-16r8icm-0 kjciSH contentClosed hasShadow">
 <div>
  <div>
   <div class="sc-2qtjgt-0 eApVPN">
    <div>
     <h2 id="what-is-usd-coin-usdc">
      What Is USD Coin (USDC)?
     </h2>
     <p>
      USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions.
     </p>
     <p>
      The stablecoin originally launched on a limited basis in September 2018. Put simply, USD Coin’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common.
     </p>
     <p>
      Several use cases have been unveiled for the USD Coin. As well as providing a safe haven for crypto traders in times of volatility, those behind the stablecoin say it can also allow businesses to accept payments in digital assets, and shake up an array of sectors including decentralized finance and gaming.
     </p>
     <p>
      Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.
     </p>
     <h2 id="who-are-the-founders-of-usd-coin">
      Who Are the Founders of USD Coin?
     </h2>
     <hr/>
     <p>
      The Centre Consortium has two founding members. One of them is the peer-to-peer payment services company Circle, while the other is the Coinbase cryptocurrency exchange. Other crypto ventures are open to join this consortium.
     </p>
     <p>
      Explaining the rationale behind USDC, Circle co-founders Jeremy Allaire and Sean Neville wrote: “We believe that an open internet of value exchange can transform and integrate the world more deeply, eventually eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace that connects every person on the planet.”
     </p>
     <p>
      In 2020, Circle and Coinbase collectively announced a major upgrade to USDC’s protocol and smart contract. The goal of these enhancements is to make it easier for USD Coin to be used for everyday payments, commerce and peer-to-peer transactions.
     </p>
     <h3 id="what-makes-usd-coin-usdc-unique">
      What Makes USD Coin (USDC) Unique?
     </h3>
     <hr/>
     <p>
      The stablecoin market has become exceedingly crowded over recent years — but USD Coin has aimed to stand head and shoulders over competitors in several ways.
     </p>
     <p>
      One of them concerns transparency — and giving users the assurance that they will be able to withdraw 1 USDC and receive $1 in return without any issues. To this end, it says a major accounting firm is tasked with verifying the levels of cash that are held in reserve, and ensuring this matches up with the number of tokens in circulation.
     </p>
     <p>
      Unlike some crypto ventures, Circle and Coinbase have also achieved regulatory compliance — and this has helped pave the way for international expansion. Both projects are also well-funded, giving the stablecoin certainty.
     </p>
     <p>
      <a href="#">
       Coinbase
      </a>
      briefly contemplated
      <a href="#">
       diversifying the funds backing USDC
      </a>
      , but retracted that proposal after heavy community backlash. The transparency over the provenance of its funds has been a big reason for USDC's success. Unlike its rival
      <a href="#">
       USDT
      </a>
      , which has found itself embroiled in repeated
      <a href="#">
       investigations
      </a>
      , USDC has never been accused of any wrongdoing. That has led to USDC gobbling up much of USDT's dominance in the
      <a href="#">
       stablecoin
      </a>
      market: although USDT commanded a 74%:16% lead in market share in February 2021, this has shrunk to a 45%:30% lead in February 2022.
     </p>
     <p>
      <strong>
       Related Pages
      </strong>
      :
     </p>
     <p>
      <a href="#">
       What is a stablecoin?
      </a>
     </p>
     <p>
      <a href="#">
       Find out about USDT, one of USDC’s biggest competitors
      </a>
     </p>
     <p>
      <a href="#">
       Detailed definitions for stablecoins in the CoinMarketCap glossary
      </a>
     </p>
     <p>
      <a href="#">
       CoinMarketCap Blog: Insightful analysis and features
      </a>
     </p>
     <h3 id="how-many-usd-coins-usdc-are-there-in-circulation">
      How Many USD Coins (USDC) Are There in Circulation?
     </h3>
     <hr/>
     <p>
      It’s a bit difficult to give an exact number here — as in theory, the number of USDC that can exist is limitless. New coins are created in line with demand, whenever someone wants to purchase one with their humble dollar.
     </p>
     <p>
      That said, there have been factors that have helped USD Coin enjoy an explosion in popularity over the years — especially in 2020. One of them is the sudden, sharp rise in the popularity of decentralized finance. USDC is a common sight on many
      <a href="#">
       DeFi
      </a>
      protocols given how it serves as an onramp to the wider ecosystem.
     </p>
     <h3 id="how-is-the-usd-coin-network-secured">
      How Is the USD Coin Network Secured?
     </h3>
     <hr/>
     <p>
      All of the USDCs in circulation are actually ERC-20 tokens, which can be found on the Ethereum blockchain. One of the biggest advantages here is how it can then be integrated with Ethereum-based applications. As we mentioned earlier, security and confidence in this stablecoin is delivered by proving that U.S. dollars are being held safely in reserve.
     </p>
     <h3 id="where-can-you-buy-usd-coin-usdc">
      Where Can You Buy USD Coin (USDC)?
     </h3>
     <hr/>
     <p>
      As you might expect, one of the most enthusiastic exchanges that offers USDC is Coinbase, given how the exchange was involved in this stablecoin’s creation. USD Coin can also be purchased and traded on Poloniex, Binance, OKEx and Bitfinex, as well as decentralized exchanges such as Uniswap.
     </p>
     <p>
      USDC is commonly bought with Bitcoin — and if it’s your first time buying Bitcoin, be sure to check out our comprehensive guide
      <a href="#">
       here
      </a>
      .
     </p>
    </div>
   </div>
  </div>
 </div>
</div>

<div class="sc-16r8icm-0 kjciSH contentClosed hasShadow">
 <div>
  <div>
   <div class="sc-2qtjgt-0 eApVPN">
    <div>
     <h2 id="what-is-usd-coin-usdc">
      What Is USD Coin (USDC)?
     </h2>
     <p>
      USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions.
     </p>
     <p>
      The stablecoin originally launched on a limited basis in September 2018. Put simply, USD Coin’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common.
     </p>
     <p>
      Several use cases have been unveiled for the USD Coin. As well as providing a safe haven for crypto traders in times of volatility, those behind the stablecoin say it can also allow businesses to accept payments in digital assets, and shake up an array of sectors including decentralized finance and gaming.
     </p>
     <p>
      Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.
     </p>
     <h2 id="who-are-the-founders-of-usd-coin">
      Who Are the Founders of USD Coin?
     </h2>
     <hr/>
     <p>
      The Centre Consortium has two founding members. One of them is the peer-to-peer payment services company Circle, while the other is the Coinbase cryptocurrency exchange. Other crypto ventures are open to join this consortium.
     </p>
     <p>
      Explaining the rationale behind USDC, Circle co-founders Jeremy Allaire and Sean Neville wrote: “We believe that an open internet of value exchange can transform and integrate the world more deeply, eventually eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace that connects every person on the planet.”
     </p>
     <p>
      In 2020, Circle and Coinbase collectively announced a major upgrade to USDC’s protocol and smart contract. The goal of these enhancements is to make it easier for USD Coin to be used for everyday payments, commerce and peer-to-peer transactions.
     </p>
     <h3 id="what-makes-usd-coin-usdc-unique">
      What Makes USD Coin (USDC) Unique?
     </h3>
     <hr/>
     <p>
      The stablecoin market has become exceedingly crowded over recent years — but USD Coin has aimed to stand head and shoulders over competitors in several ways.
     </p>
     <p>
      One of them concerns transparency — and giving users the assurance that they will be able to withdraw 1 USDC and receive $1 in return without any issues. To this end, it says a major accounting firm is tasked with verifying the levels of cash that are held in reserve, and ensuring this matches up with the number of tokens in circulation.
     </p>
     <p>
      Unlike some crypto ventures, Circle and Coinbase have also achieved regulatory compliance — and this has helped pave the way for international expansion. Both projects are also well-funded, giving the stablecoin certainty.
     </p>
     <p>
      <a href="#">
       Coinbase
      </a>
      briefly contemplated
      <a href="#">
       diversifying the funds backing USDC
      </a>
      , but retracted that proposal after heavy community backlash. The transparency over the provenance of its funds has been a big reason for USDC's success. Unlike its rival
      <a href="#">
       USDT
      </a>
      , which has found itself embroiled in repeated
      <a href="#">
       investigations
      </a>
      , USDC has never been accused of any wrongdoing. That has led to USDC gobbling up much of USDT's dominance in the
      <a href="#">
       stablecoin
      </a>
      market: although USDT commanded a 74%:16% lead in market share in February 2021, this has shrunk to a 45%:30% lead in February 2022.
     </p>
     <p>
      <strong>
       Related Pages
      </strong>
      :
     </p>
     <p>
      <a href="#">
       What is a stablecoin?
      </a>
     </p>
     <p>
      <a href="#">
       Find out about USDT, one of USDC’s biggest competitors
      </a>
     </p>
     <p>
      <a href="#">
       Detailed definitions for stablecoins in the CoinMarketCap glossary
      </a>
     </p>
     <p>
      <a href="#">
       CoinMarketCap Blog: Insightful analysis and features
      </a>
     </p>
     <h3 id="how-many-usd-coins-usdc-are-there-in-circulation">
      How Many USD Coins (USDC) Are There in Circulation?
     </h3>
     <hr/>
     <p>
      It’s a bit difficult to give an exact number here — as in theory, the number of USDC that can exist is limitless. New coins are created in line with demand, whenever someone wants to purchase one with their humble dollar.
     </p>
     <p>
      That said, there have been factors that have helped USD Coin enjoy an explosion in popularity over the years — especially in 2020. One of them is the sudden, sharp rise in the popularity of decentralized finance. USDC is a common sight on many
      <a href="#">
       DeFi
      </a>
      protocols given how it serves as an onramp to the wider ecosystem.
     </p>
     <h3 id="how-is-the-usd-coin-network-secured">
      How Is the USD Coin Network Secured?
     </h3>
     <hr/>
     <p>
      All of the USDCs in circulation are actually ERC-20 tokens, which can be found on the Ethereum blockchain. One of the biggest advantages here is how it can then be integrated with Ethereum-based applications. As we mentioned earlier, security and confidence in this stablecoin is delivered by proving that U.S. dollars are being held safely in reserve.
     </p>
     <h3 id="where-can-you-buy-usd-coin-usdc">
      Where Can You Buy USD Coin (USDC)?
     </h3>
     <hr/>
     <p>
      As you might expect, one of the most enthusiastic exchanges that offers USDC is Coinbase, given how the exchange was involved in this stablecoin’s creation. USD Coin can also be purchased and traded on Poloniex, Binance, OKEx and Bitfinex, as well as decentralized exchanges such as Uniswap.
     </p>
     <p>
      USDC is commonly bought with Bitcoin — and if it’s your first time buying Bitcoin, be sure to check out our comprehensive guide
      <a href="#">
       here
      </a>
      .
     </p>
    </div>
   </div>
  </div>
  <div class="sc-101ku0o-2 exKUGw">
   <p>
    Our most recent articles about
    
    USD Coin
    
    :
   </p>
   <ul>
    <li>
     <a href="#">
      Investing in Stablecoins: The New-Age Inflation Hedge
     </a>
    </li>
    <li>
     <a href="#">
      Top Crypto Execs Willing to Cooperate With Legal Authorities for Better Consumer Protection
     </a>
    </li>
    <li>
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      How Top 10 Crypto Rankings Have Changed over Past Year
     </a>
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     <a href="#">
      Top Crypto Officials Willing to Cooperate With Legal Authorities for Better Consumer Protection
     </a>
    </li>
    <li>
     <a href="#">
      SEC Grabs Stablecoin Reins: Report
     </a>
    </li>
   </ul>
  </div>
 </div>
</div>

BNB (BNB) is a cryptocurrency . BNB has a current supply of 165,116,760.89. The last known price of BNB is 396.61061442 USD and is up 9.68 over the last 24 hours. It is currently trading on 729 active market(s) with $2,024,784,913.60 traded over the last 24 hours. More information can be found at https://www.binance.com/.

<div>
 <p>
 </p>
 <p>
  Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, BNB or any other token in CoinCu education portal —
  <a href="#">
   Alexandria
  </a>
  .
 </p>
</div>
<div class="sc-101ku0o-2 exKUGw">
 <p>
  Our most recent articles about
  
  Binance Coin
  
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   <a href="#">
    How To Use BscScan
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    Bitcoin Breaks $40,000 Again as XRP Outperforms Altcoins
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    Bitcoin Touches $35K and Ether Hits $2K as Crypto Has Upbeat Start to Week
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 </ul>
</div>

<h2 class="MuiBox-root jss2872"><strong>Token Usage</strong></h2>
<div class="MuiBox-root jss2873"><strong>Key Info</strong>
<div class="jss2876">Token Type: Native, ERC-20. Token Uses: Access, Discount, Vote</div>
<div class="MuiBox-root jss2878"><hr class="MuiDivider-root jss1471 MuiDivider-light jss1472" /></div>
<div class="MuiBox-root jss2882 jss2881">
<p class="MuiTypography-root jss2880 MuiTypography-body2 MuiTypography-paragraph"><strong>Binance Exchange</strong></p>
<p class="MuiTypography-root jss2880 MuiTypography-body2 MuiTypography-paragraph">Most crypto exchanges charge trading fees based on a small percentage of total trade size. Binance was the first to offer discounts on these trading fees if they were paid in the native exchange token. The discount started at 50% for the first year getting reduced to 25% in the second, 12.5% in the third and finally 6.75% in the fourth before being eliminated entirely. These discounts are at the sole discretion of Binance and could be altered at any time.</p>
<p class="MuiTypography-root jss2880 MuiTypography-body2 MuiTypography-paragraph"><strong>Launchpad</strong></p>
<p class="MuiTypography-root jss2880 MuiTypography-body2 MuiTypography-paragraph">As a $2of the ICO, Binance first popularized the $2 when they announced in January 2019 that they would be selling tokens directly through the exchange every month. Initially, the sales were done on a first come first serve basis. They since pivoted to a lottery system where users can claim tickets based on the number of BNB tokens held over the prior 20 days. The tickets represent a certain allocation of tokens and are drawn randomly. If selected, the user is committed to purchasing that number of tokens at the listed price.</p>
<p class="MuiTypography-root jss2880 MuiTypography-body2 MuiTypography-paragraph"><strong>Binance Chain</strong></p>
<p class="MuiTypography-root jss2880 MuiTypography-body2 MuiTypography-paragraph">BNB acts as the native token used as gas to pay for network transactions on Binance Chain, a high-performance blockchain network. It initially operates with a small pre-selected validator set, but the plan is to transition to a $2 consensus mechanism where users can vote using their BNB for delegates that will validate blocks to secure the network. There is also a built-in governance module to let BNB holders submit proposals by depositing tokens which are then voted on.</p>
</div>
</div>
<h2 class="MuiBox-root jss2872"><strong>Launch &amp; Initial Token Distribution</strong></h2>
<div class="MuiBox-root jss2873">
<div class="MuiBox-root jss2897 jss2881">
<p class="MuiTypography-root jss2880 MuiTypography-body2 MuiTypography-paragraph">Binance pre-mined 200 million Binance Coins prior to the public sale. Binance Coin&rsquo;s distribution process had three phases: allocation to founders, allocation to investors, and a public sale.</p>
<ul>
<li>Founders received 80 million BNB (40% of supply) vested over four years. Half of the founders&rsquo; allocation was vested immediately. The other half is vested annually through 2021. From Q2 2019, these tokens will be burnt through quarterly burns and will thus remain illiquid until they are burnt. Binance plans to burn 100 million BNB (50% of supply) over time and has successfully executed nine coin burns to date.</li>
<li>Investors receive 20 million BNB (10% of supply) with no vesting or lock-up restrictions.</li>
<li>The public sale distributed 100 million BNB (50% of supply). Binance launched the ERC-20 Binance Coin in a public sale on July 14, 2017. Half of the funds raised through Binance&rsquo;s coin offering were intended for Binance branding and marketing, and roughly one-third of the funds were for platform upgrades and development.</li>
</ul>
<p class="MuiTypography-root jss2880 MuiTypography-body2 MuiTypography-paragraph">Binance executed the token swap from ERC-20 BNB tokens to Binance chain mainnet BNB coins on April 23, 2019. Binance Coins native to the Binance chain are called BEP2 BNB. Pre-selected validators produced blocks after the genesis block on April 18, 2019, and the first ERC-20 to BEP2 BNB swap of 5 million BNB was executed to a wallet belonging to Binance.</p>
</div>
<div class="MuiBox-root jss2898"><hr class="MuiDivider-root jss1471 MuiDivider-light jss1472" /></div>
<strong>Funding Rounds</strong></div>
<p>Updating</p>
<hr class="MuiDivider-root jss1471 MuiDivider-light jss1472" />
<p>&nbsp;</p>
<h2 class="MuiBox-root jss2872"><strong>Supply Schedule</strong></h2>
<div class="MuiBox-root jss2873"><strong>Key Info</strong>
<div class="jss2876">General Emission Type: Deflationary. Precise Emission Type: Non-programmatic burn. Capped Supply: Yes</div>
<div class="MuiBox-root jss2931"><hr class="MuiDivider-root jss1471 MuiDivider-light jss1472" /></div>
<strong>Details</strong>
<div class="MuiBox-root jss2947 jss2881">
<p class="MuiTypography-root jss2880 MuiTypography-body2 MuiTypography-paragraph">Binance <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://web.archive.org/web/20190208025930/https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf" target="_blank" rel="noreferrer noopener">initially</a> stated that it would used 20% of the quarterly profits generated by its exchange to buy back BNB on the market and burn them, thus reducing the outstanding supply. Nevertheless, in April 2019, Binance <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://cointelegraph.com/news/binance-updates-white-paper-to-reword-section-on-quarterly-manipulations-with-bnb" target="_blank" rel="noreferrer noopener">edited the white paper&rsquo;s section</a> devoted to quarterly repurchasing plans to replace it with a section on quarterly burn plans. In July 2019, Binance <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://www.binance.com/en/support/articles/360030566712" target="_blank" rel="noreferrer noopener">announced</a> that it will burn the BNB tokens allocated to the Binance team going forward. As a result, the team allocation, that was initially supposed to be vesting for 4 years, will remain illiquid until all 80,000,000 BNB have been burnt. This reduces BNB's liquid supply, as these tokens are no longer liquid, but it also reduces the potential liquid supply inflation rate that would have occurred through the vesting of those tokens.</p>
<p class="MuiTypography-root jss2880 MuiTypography-body2 MuiTypography-paragraph">As of today, Binance has realized 15 quarterly token burns, leading to the destruction of 30,567,063 BNB:</p>
<ol>
<li>October 2017 - <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://etherscan.io/tx/0x5c2c458b4af0ed8d3ce822fbae71878de10b8a2405101344456c358e19045463" target="_blank" rel="noreferrer noopener">986,000 BNB</a></li>
<li>January 2018 - <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://etherscan.io/tx/0x3ebe8fa51909536be4ecae47b0877fa72ec5fd2afda7ae2d829064847757282b" target="_blank" rel="noreferrer noopener">1,821,586 BNB</a></li>
<li>April 2018 - <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://etherscan.io/tx/0x15132c07b4fdee0d4c77c2993588270914c1451953f5fa9ee20aa5450f399031" target="_blank" rel="noreferrer noopener">2,220,314 BNB</a></li>
<li>July 2018 - <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://etherscan.io/tx/0x7a07faca141707c9d6aa92b1f2e5e8e9420f2b43d36ced1126d061582e3ae9fa" target="_blank" rel="noreferrer noopener">2,528,767 BNB</a></li>
<li>October 2018 - <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://etherscan.io/tx/0xc0fcb8186fc0bb4a37dda7960a7cd33b4d8b93ba6bfbac3ae6d7b50c7282

<h1 id="what-is-binance-coin" class="has-luminous-vivid-orange-color has-text-color"><span id="What_is_Binance_Coin" class="ez-toc-section"></span>What is<em>&nbsp;</em>Binance Coin?</h1>
<p id="binance-coin-bnb-is-the-cryptocurrency-coin-that-powers-the-binance-ecosystem-as-one-of-the-world-s-most-popular-utility-tokens-not-only-can-you-buy-or-sell-bnb-like-any-other-cryptocurrency-but-bnb-comes-with-a-wide-range-of-applications-and-benefits"><strong>Binance Coin&nbsp;</strong>(BNB) is the cryptocurrency coin that powers the Binance ecosystem. As one of the world&rsquo;s most popular utility tokens, not only can you buy or sell&nbsp;<strong>BNB</strong>&nbsp;like any other cryptocurrency, but BNB comes with a wide range of applications and benefits.</p>
<p id="binance-coin-was-created-in-july-2017-and-initially-worked-on-the-ethereum-blockchain-with-the-token-erc-20-before-it-became-the-native-currency-of-binance-s-own-blockchain-the-binance-chain"><strong>Binance Coin</strong>&nbsp;was created in July 2017 and initially worked on the ethereum blockchain with the token ERC-20 before it became the native currency of Binance&rsquo;s own blockchain, the Binance Chain.</p>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped"></figure>
<p id="users-of-binance-coin-receive-a-discount-in-transaction-fees-on-the-binance-exchange-as-an-incentive-bnb-can-also-be-exchanged-or-traded-for-other-cryptocurrencies-such-as-bitcoin-ethereum-litecoin-etc">Users of Binance Coin receive a discount in transaction fees on the Binance Exchange as an incentive. BNB can also be exchanged or traded for other cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, etc.</p>
<p id="bnb-began-as-an-asset-sold-in-binance-s-initial-coin-offering-ico-becoming-a-way-binance-exchange-users-could-pay-less-trading-fees-on-the-platform-once-the-exchange-launched-since-then-bnb-has-retained-a-role-in-binance-s-growing-ecosystem-as-binance-has-expanded-into-more-than-a-digital-asset-exchange"><strong>BNB&nbsp;</strong>began as an asset sold in Binance&rsquo;s initial coin offering (ICO), becoming a way Binance exchange users could pay less trading fees on the platform once the exchange launched. Since then, BNB has retained a role in Binance&rsquo;s growing ecosystem as Binance has expanded into more than a digital asset exchange.</p>
<h1 id="what-does-binance-coin-do" class="has-luminous-vivid-orange-color has-text-color"><span id="What_does_Binance_Coin_do" class="ez-toc-section"></span>What does Binance Coin do?</h1>
<p id="just-like-other-evolving-cryptocurrencies-the-binance-coin-offers-several-uses-that-go-beyond-the-binance-exchange-such-as">Just like other evolving cryptocurrencies, the Binance Coin offers several uses that go beyond the Binance exchange, such as</p>
<ul>
<li>Trading: Binance Coin can be traded for other cryptocurrencies on various exchanges, depending on the restrictions set by the exchange.</li>
<li>Transaction fees on the Binance Exchange: BNB can be used to pay for transactions on the Binance Exchange, and users also receive a discount for doing so.</li>
<li>Credit card payments: BNB can be the form of payment for crypto credit card bills on Crypto.com.</li>
<li>Payment processing: Merchants can offer BNB as a means of payment for customers, offering more flexibility in payment methods.</li>
<li>Booking travel arrangements: BNB can be used to book hotels and flights on select websites.</li>
<li>Entertainment: From paying for virtual gifts to buying lottery tickets, BNB serves several purposes in the entertainment space.</li>
<li>Investment: Several platforms allow investors to invest in stocks, ETFs, and other assets using Binance Coin.</li>
<li>Loans and transfers: BNB can be used as collateral for loans on certain platforms. Also, there are apps that allow users to split bills and pay friends and family through Binance Coin.</li>
</ul>
<h1 id="how-to-buy-binance-coin" class="has-luminous-vivid-orange-color has-text-color">How to buy<em>&nbsp;</em>Binance Coin?</h1>
<p>BNB can be purchased at crypto exchanges such as&nbsp;<a href="https://www.binance.com/" target="_blank" rel="noopener"><strong>Binance</strong></a>,&nbsp;<a href="https://en.bithumb.com/" target="_blank" rel="noopener"><strong>Bithumb</strong></a>,&nbsp;<a href="https://www.kucoin.com/" target="_blank" rel="noopener"><strong>KuCoin</strong></a>,&nbsp;and&nbsp;<a href="https://ftx.com/" target="_blank" rel="noopener"><strong>FTX</strong></a>. But, as BNB is the native asset of the Binance exchange, several competitors have not listed the coin on their platforms.&nbsp;<a href="https://www.coinbase.com/" target="_blank" rel="noopener"><strong>Coinbase</strong></a>,&nbsp;<a href="https://www.huobi.com/en-us/" target="_blank" rel="noopener"><strong>Huobi</strong></a>,&nbsp;<a href="https://www.bitfinex.com/" target="_blank" rel="noopener"><strong>Bitfinex</strong></a>,&nbsp;<a href="https://www.bitstamp.net/" target="_blank" rel="noopener"><strong>Bitstamp</strong></a>,&nbsp;and&nbsp;<a href="https://www.kraken.com/" target="_blank" rel="noopener"><strong>Kraken</strong></a>, among others, don&rsquo;t offer BNB trading.&nbsp;&nbsp;</p>
<p>As Binance Coin is also the native blockchain asset of the Binance Chain and Binance Smart Chain (BSC), decentralized exchanges (DEX) like&nbsp;<a href="https://pancakeswap.finance/" target="_blank" rel="noopener"><strong>PancakeSwap</strong></a>&nbsp;and&nbsp;<a href="https://www.bakeryswap.org/#/home" target="_blank" rel="noopener"><strong>BakerySwap</strong></a>&nbsp;running on the BSC offer BNB swaps to other BSC-based tokens. Solely Ethereum-based DEXs like&nbsp;<a href="https://uniswap.org/" target="_blank" rel="noopener"><strong>Uniswap</strong></a>&nbsp;don&rsquo;t support BNB swaps on their protocols, as BNB is an asset that is foreign to Ethereum&rsquo;s blockchain. Other DEXs such as&nbsp;<a href="https://app.sushi.com/swap" target="_blank" rel="noopener"><strong>SushiSwap</strong></a>&nbsp;and&nbsp;<a href="https://app.1inch.io/" target="_blank" rel="noopener"><strong>1inch</strong></a>, which previously were Ethereum-only services, have switched to a multi-chain approach. They now offer their services on the Binance Smart Chain as well and allow for BNB swaps as long as users are connected to the protocol with a Binance Smart Chain wallet.</p>
<p>Read more: <a href="https://coincu.com/currencies/bnb-bnb/stories/">Click Here</a></p>

<h2 class="MuiBox-root jss2071"><strong>Technology</strong></h2>
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<p class="MuiTypography-root jss2074 MuiTypography-body2 MuiTypography-paragraph">Binance Coin was originally launched as an ERC-20 token on Ethereum until April 2019. Binance converted all ERC-20 BNB tokens to Binance chain BNB coins a couple days after the Binance chain mainnet launched. Two months earlier, Binance chain&rsquo;s testnet launched and was used by the internal Binance team and some high-volume traders for testing.</p>
<p class="MuiTypography-root jss2074 MuiTypography-body2 MuiTypography-paragraph">Binance&rsquo;s decentralized exchange (DEX) is built on the Binance blockchain using Tendermint and the Cosmos Software Developer Kit (SDK). Binance forked Cosmos to create the Binance blockchain, which currently does not support smart contract features. Binance aims to use the Tendermint consensus framework to solve some interoperability problems with inter-blockchain communication (IBC).</p>
<p class="MuiTypography-root jss2074 MuiTypography-body2 MuiTypography-paragraph">Binance chain source code is currently not open source for competitiveness reasons, according to Binance. But the exchange plans to open source the DEX and blockchain codebases when both products gain more adoption.</p>
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<strong>Audits</strong>
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<h4 class="MuiTypography-root MuiTypography-h4"><strong>Binance Smart Chain Audit</strong></h4>
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<p class="MuiTypography-root jss2074 MuiTypography-body2 MuiTypography-paragraph">Quantstamp audited Binance Smart Chain, a blockchain that runs parallel to Binance Chain optimized for blockchain applications.</p>
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</div>

<h1 id="conclusion-and-analysis" class="has-luminous-vivid-orange-color has-text-color">Conclusion and analysis</h1>
<p id="binance-coin-is-still-a-potential-virtual-currency-for-investors-along-with-the-development-of-the-binance-coin-ecosystem-as-well-as-the-binance-exchange"><strong>Binance coin</strong>&nbsp;is still a potential virtual currency for investors along with the development of the Binance coin ecosystem as well as the Binance exchange.</p>
<p id="however-the-virtual-currency-market-is-always-volatile-affecting-the-prices-of-virtual-currencies-in-general-and-bnb-in-particular-participants-should-closely-monitor-market-movements-to-be-able-to-trade-effectively">However, the virtual currency market is always volatile, affecting the prices of virtual currencies in general and BNB in particular, participants should closely monitor market movements to be able to trade effectively.</p>
<p><strong>Find more information about&nbsp;</strong><strong>Binance coin</strong><strong>:</strong></p>
<p>&nbsp;Twitter:&nbsp;<a href="https://twitter.com/binance" target="_blank" rel="noopener">https://twitter.com/binance</a></p>
<p>&nbsp;Telegram:&nbsp;<a href="https://t.me/binanceexchange" target="_blank" rel="noopener">https://t.me/binanceexchange</a></p>
<p>&nbsp;If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com">ventures@coincu.com</a>.</p>
<p><strong>DISCLAIMER</strong>: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.</p>

XRP (XRP) is a cryptocurrency . XRP has a current supply of 99,989,739,391 with 47,949,281,138 in circulation. The last known price of XRP is 0.77486235 USD and is down -1.29 over the last 24 hours. It is currently trading on 684 active market(s) with $2,788,448,836.02 traded over the last 24 hours. More information can be found at https://xrpl.org/.

<h1 id="conclusion-and-analysis" class="has-luminous-vivid-orange-color has-text-color">Conclusion and analysis</h1>
<p><strong><a href="https://news.coincu.com/59315-what-is-ripple-xrp/#Should_you_invest_XRP">Ripple </a>is both a currency-exchange system designed to allow fast and low-cost transactions, and a cryptocurrency in its own right. Ripple&rsquo;s primary goal is to connect financial institutions, payment providers, and digital asset exchanges to provide faster and cheaper global payments.</strong></p>
<p><strong>Find more information:</strong></p>
<p><strong>Website:</strong>&nbsp;<a href="https://ripple.com/3." target="_blank" rel="noopener">https://ripple.com/</a></p>
<p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/Ripple" target="_blank" rel="noopener">https://twitter.com/Ripple</a></p>
<p><strong>Facebook:&nbsp;</strong><a href="https://www.facebook.com/ripplepay" target="_blank" rel="noopener">https://www.facebook.com/ripplepay</a></p>
<p><strong>Youtube:&nbsp;</strong><a href="https://www.youtube.com/c/Ripplepay" target="_blank" rel="noopener">https://www.youtube.com/c/Ripplepay</a></p>
<p>If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com">ventures@coincu.com</a>.</p>
<p><strong>DISCLAIMER</strong>: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.</p>

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     <h2 id="xrp-la-gi">
      XRP là gì?
     </h2>
     <p>
      Để bắt đầu, bạn cần phải hiểu sự khác biệt giữa XRP, Ripple và RippleNet. XRP là đồng tiền chạy trên nền tảng thanh toán kỹ thuật số gọi là RippleNet, nằm trên cơ sở dữ liệu sổ cái phân tán được gọi là XRP Ledger. Còn RippleNet được điều hành bởi một công ty có tên là Ripple, XRP Ledger là nguồn mở và không dựa trên blockchain, mà là cơ sở dữ liệu sổ cái phân tán đã đề cập trước đây.
     </p>
     <p>
      Nền tảng thanh toán RippleNet là hệ thống thanh toán gộp theo thời gian thực (RTGS) nhằm mục đích cho phép các giao dịch tiền tệ tức thì trên toàn cầu. Mặc dù XRP là tiền mã hóa có nguồn gốc từ XRP Ledger, nhưng bạn thực sự có thể sử dụng bất kỳ loại tiền tệ nào để giao dịch trên nền tảng này.
     </p>
     <p>
      Mặc dù ý tưởng đằng sau nền tảng thanh toán Ripple lần đầu tiên được Ryan Fugger công bố vào năm 2004, nhưng phải đến khi Jed McCaleb và Chris Larson tiếp quản dự án vào năm 2012 thì Ripple mới bắt đầu được xây dựng (tại thời điểm đó, nó còn được gọi là OpenCoin).
     </p>
     <h3 id="xrp-hot-ng-nh-th-nao">
      XRP hoạt động như thế nào?
     </h3>
     <p>
      XRP được Ripple tạo ra để trở thành một giải pháp thay thế nhanh chóng, ít tốn kém hơn và có khả năng mở rộng cao hơn cho cả các tài sản kỹ thuật số khác và các nền tảng thanh toán tiền tệ hiện có như SWIFT.
     </p>
     <p>
      Sổ cái của RippleNet được duy trì bởi Cộng đồng XRP toàn cầu, với công ty Ripple là một thành viên tích cực. XRP Ledger xử lý các giao dịch khoảng 3-5 giây một lần hoặc bất cứ khi nào các nút xác thực độc lập đi đến sự đồng thuận về cả thứ tự và tính hợp lệ của các giao dịch XRP — trái ngược với khai thác bằng chứng công việc như Bitcoin (BTC). Bất kỳ ai cũng có thể là người xác nhận Ripple và danh sách hiện bao gồm Ripple cùng với các trường đại học, tổ chức tài chính và những người khác.
     </p>
     <h3 id="toi-co-th-mua-xrp-bng-cach-nao">
      Tôi có thể mua XRP bằng cách nào?
     </h3>
     <p>
      Bạn có thể mua XRP trên bất kỳ sàn giao dịch nào cung cấp tiền kỹ thuật số. Để biết danh sách mới nhất về các sàn giao dịch và các cặp giao dịch sử dụng loại tiền mã hóa này, hãy nhấp vào, hãy nhấp vào
      <a href="#">
       tab các cặp giao dịch
      </a>
      của chúng tôi. Bạn hãy nhớ nghiên cứu kỹ lưỡng trước khi chọn sàn giao dịch!
     </p>
     <h3 id="toi-co-th-lu-tr-xrp-bng-cach-nao">
      Tôi có thể lưu trữ XRP bằng cách nào?
     </h3>
     <p>
      Bạn có thể lưu trữ XRP của mình trên một sàn giao dịch, nơi mà sàn giao dịch chịu trách nhiệm về sự an toàn cho tài sản của bạn hoặc lưu trữ XRP của bạn trong ví lạnh hoặc ví nóng.
     </p>
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<h2 class="MuiBox-root jss4921"><strong>Governance</strong></h2>
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<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">Although the XRP Ledger is open source and individuals can submit pull request, a full-time development team at Ripple performs the majority of protocol development and determines the roadmap. Ripple acts as a steward of the Ripple network and an advocate for its interests and builds constructive relationships with governments and financial institutions worldwide.</p>
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">While each server defines its own trusted validators, in order to ensure a high degree of overlap for the network to reliably reach consensus, Ripple publishes a list of recommended validators called the "Unique Node List" (UNL). Only the votes of the other members of the UNL are considered when determining consensus, giving Ripple the ability to significantly influence who gets to participate in consensus and who does not. Furthermore, Ripple also participates at the network level of the XRP Ledger, validating transactions.</p>
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<h1 id="pros-and-cons-of-ripple" class="has-luminous-vivid-orange-color has-text-color">Pros and Cons of Ripple</h1>
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<p class="has-text-align-center has-luminous-vivid-orange-color has-text-color has-medium-font-size"><strong>Pros</strong></p>
<ul class="has-normal-font-size">
<li><strong>Transactions cost just 0.0001 XRP, very low fee<br /></strong></li>
<li><strong>A lot of big financial institutions, like Santander, use Ripple<br /></strong></li>
<li><strong>Transactions are usually confirmed in 4 or 5 seconds, which is very quick<br /></strong></li>
<li><strong>Ripple&rsquo;s exchange network can be used to buy and sell XRP, other cryptocurrencies, fiat currencies, and even gold</strong></li>
</ul>
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<p class="has-text-align-center has-luminous-vivid-orange-color has-text-color has-medium-font-size"><strong>Cons</strong></p>
<ul class="has-normal-font-size">
<li><strong>XRP has already been mined. The value of XRP is hard to track&nbsp;because investors don&rsquo;t know when a bunch of it could be put into use<br /></strong></li>
<li><strong>XRP is not as decentralized as other cryptocurrencies due to its default set of validators<br /></strong></li>
<li><strong>The SEC sued Ripple in 2020. Due to its decentralized nature, the SEC believes it should be registered as a security. Until this is settled, several institutions and exchanges are cautious of it.</strong></li>
</ul>
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</div>
<h1 id="should-you-invest-xrp" class="has-luminous-vivid-orange-color has-text-color">Should you invest $XRP?</h1>
<p><strong>Ripple</strong>&nbsp;has grown over the last several years into a high-performance money transfer network that enables faster and cheaper transactions.&nbsp;<strong>XRP</strong>&nbsp;is still a high-risk investment, and this is true even when compared to other cryptocurrencies.&nbsp;The&nbsp;<strong>SEC</strong>&nbsp;action resulted in the removal of&nbsp;<strong>XRP</strong>&nbsp;from numerous major exchanges, and it has also drawn criticism from members of the cryptocurrency community since it is controlled by a private firm.</p>
<p>It&rsquo;s not difficult to understand the potential of Ripple&rsquo;s technology. An inefficient and outmoded method of international money transfers might be replaced by this new approach. The fact that it has formed agreements with financial institutions is encouraging. Furthermore, any good changes in its legal standing might result in an increase in its market price.</p>
<p>However, what the cryptocurrency has planned for 2022 remains a mystery. Consider making a small investment in&nbsp;<strong>XRP</strong>&nbsp;if you believe that the company&rsquo;s growth will continue in the near future. Although it is not as safe as investing in stocks, if&nbsp;<strong>Ripple</strong>&nbsp;is successful, you may see a significant return on your investment.</p>
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<h2 class="MuiBox-root jss4921"><strong>Token Usage</strong></h2>
<div class="MuiBox-root jss4922"><strong>Key Info</strong>
<div class="jss4952">Token Type: Native. Token Uses: Payments</div>
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<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">XRP is used as a native currency within the XRP Ledger. XRP can be used for peer-to-peer payments within the XRP network. With its fast block times, XRP aims to offer high throughput and quick transactions offering <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://www.ripple.com/xrp/" target="_blank" rel="noreferrer noopener">1500 transactions per second capacity and 4 second settlement times</a>. XRP's primary use is as a bridge currency for financial institutions exchanging value between multiple fiat currencies using Ripple's xRapid, an on-demand liquidity solution.</p>
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<h2 class="MuiBox-root jss4921">Launch &amp; Initial Token Distribution</h2>
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<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">100 billion XRP were pre-mined in January 2013 and allocated as follows:</p>
<ul>
<li>20% was retained by the founders of XRP. Chris Larsen and Jed McCaleb each received 9.5 billion XRP. Arthur Britto received 1 billion XRP.</li>
<li>77.8% was allocated to Ripple</li>
<li>0.2% was airdropped as an experiment to try and expand usage as part of the launch.</li>
</ul>
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">In 2014, Chris Larsen committed 7 billion XRP from his allocation to a charitable foundation. Jed McCaleb donated 2 billion of his allocation to a donor-advised fund. In 2014 McCaleb negotiated an exit agreement from the project dictating his remaining allocation would be held in a custodial account and released to him on a monthly schedule. A daily cap on the amount he can sell of the tokens released is included in the agreement. Today, Ripple&rsquo;s selling restrictions on co-founder Jed McCaleb allow him to sell his allocation at a theoretical maximum rate of 1% of daily trading volume.</p>
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<p><strong>Funding Rounds</strong></p>
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<td style="width: 23.6215%; height: 19px;">Angel Round</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5007" title="">$1.40M</div>
</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5006">May 2013</div>
</td>
<td style="width: 23.6215%; height: 19px;">Private</td>
</tr>
<tr style="height: 19px;">
<td style="width: 23.6215%; height: 19px;">
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<div class="MuiBox-root jss5009">
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<div class="MuiTypography-root MuiBox-root jss5011 MuiTypography-body2">Seed Round</div>
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</div>
</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5007" title="">$3.50M</div>
</td>
<td style="width: 23.6215%; height: 19px;">Nov 2013</td>
<td style="width: 23.6215%; height: 19px;">Private</td>
</tr>
<tr style="height: 19px;">
<td style="width: 23.6215%; height: 19px;">
<div class="MuiBox-root jss5020">
<div class="MuiTypography-root MuiBox-root jss5021 MuiTypography-body2">Series A</div>
</div>
</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5007" title="">$32.00M</div>
</td>
<td style="width: 23.6215%; height: 19px;">May 2015</td>
<td style="width: 23.6215%; height: 19px;">Private</td>
</tr>
<tr style="height: 19px;">
<td style="width: 23.6215%; height: 19px;">
<div class="MuiBox-root jss5020">
<div class="MuiTypography-root MuiBox-root jss5021 MuiTypography-body2">Series B</div>
</div>
</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5007" title="">$55.00M</div>
</td>
<td style="width: 23.6215%; height: 19px;">Sep 2016</td>
<td style="width: 23.6215%; height: 19px;">Private</td>
</tr>
<tr style="height: 19px;">
<td style="width: 23.6215%; height: 19px;">
<div class="MuiBox-root jss5020">
<div class="MuiTypography-root MuiBox-root jss5021 MuiTypography-body2">Series C</div>
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</td>
<td style="width: 23.6215%; height: 19px;">
<div class="jss5005 jss5007" title="">
<div class="jss5005 jss5007" title="">$200M</div>
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</td>
<td style="width: 23.6215%; height: 19px;">Dec 2019</td>
<td style="width: 23.6215%; height: 19px;">Private</td>
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<div class="jss5008">
<div class="MuiBox-root jss5014">
<div class="MuiBox-root jss5015">
<div class="MuiTypography-root MuiBox-root jss5016 MuiTypography-body2">&nbsp;</div>
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<p><strong>Initial Supply Breakdown</strong></p>
<p>Updating.</p>
<h2 class="MuiBox-root jss4921"><strong>Supply Schedule</strong></h2>
<div class="MuiBox-root jss4922">
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Key Info</h3>
<div class="jss4952">General Emission Type: Deflationary. Precise Emission Type: Programmatic burn. Capped Supply: Yes</div>
<div class="MuiBox-root jss5042"><hr class="MuiDivider-root jss4292 MuiDivider-light jss4293" /></div>
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<div class="MuiBox-root jss5045">
<h3 class="MuiTypography-root MuiTypography-h3">Liquid Supply Curve</h3>
<div class="MuiButtonBase-root MuiButton-root MuiButton-outlined jss5060 MuiButton-outlinedSizeSmall MuiButton-sizeSmall" tabindex="0" role="button" aria-disabled="false">Updating</div>
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<div class="MuiBox-root jss5057"><hr class="MuiDivider-root jss4292" /></div>
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<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Details</h3>
<div class="MuiBox-root jss5058 jss4925">
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">XRP outstanding supplied is designed to be deflationary. XRP is burned to pay fees for transactions via Ripplenet. Nevertheless, XRP liquid and circulating supply are massively inflationary.</p>
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">In December 2017, Ripple placed 55 billion XRP into escrow in order to alleviate concerns that a massive amount of XRP could hit the market all at once with substantial negative price impact. 1 billion is being released monthly to support Ripple&rsquo;s ongoing operation of Ripplenet. Any unused funds are returned to escrow at the end of the month. On average Ripple re-escrows 700 million and 300 million XRP become liquid each month.</p>
<p class="MuiTypography-root jss4924 MuiTypography-body2 MuiTypography-paragraph">Ripple generated revenue from ongoing XRP sales, which account for well over 90% of the company's revenue. There are two types of XRP sales that the company discloses:</p>
<ul>
<li>Programmatic sales<strong>:</strong> These come from the company&rsquo;s XRP reserve, and can be sold at a rate of no more than 0.25% of average daily volume on d

<p><em>XRP, which was first introduced in 2012, has grown to become one of the world&rsquo;s major cryptocurrencies.</em></p>
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<h1 id="what-is-ripple" class="has-luminous-vivid-orange-color has-text-color"><span id="What_is_Ripple" class="ez-toc-section"></span>What is Ripple?</h1>
<p><strong>Ripple&nbsp;is a payment system that processes international money transfers via the use of blockchain technology.</strong>&nbsp;It is financial system that functions as both a cryptocurrency&nbsp;<strong>($XRP)</strong>&nbsp;and a digital payment network. Known for charging cheap transaction costs and completing transactions in record speed, and it has worked with hundreds of financial institutions that have used its technology. The company&rsquo;s primary process is a payment settlement asset exchange and remittance system, comparable to the&nbsp;<strong>SWIFT&nbsp;</strong>system for international money and security transfers, which banks and financial intermediaries utilize when transacting in multiple currencies.</p>
<p><strong>Ripple runs on an open-source, peer-to-peer decentralized infrastructure that enables the frictionless movement of money in any currency, including dollars, yen, euros, and cryptocurrencies such as litecoin and bitcoin.</strong></p>
<p>Rather of using typical blockchain mining techniques,<strong>&nbsp;the Ripple network employs a novel distributed consensus mechanism, to validate transactions,</strong>&nbsp;participating nodes conduct a poll to determine the transaction&rsquo;s legitimacy. This occurs nearly instantly, allowing for rapid confirmations in the lack of a central authority.&nbsp;<strong>Transactions consume less energy than bitcoin transactions, are confirmed in seconds, and are extremely inexpensive,&nbsp;</strong>whereas bitcoin transactions consume more energy, take longer to confirm, and have higher transaction fees.</p>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/01/benefit.png"><img class="wp-image-59548" title="What is Ripple ($XRP)? Superior global payments business across 55+ Countries 1" src="https://news.coincu.com/wp-content/uploads/2022/01/benefit.png" sizes="(max-width: 554px) 100vw, 554px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/benefit.png 554w, https://news.coincu.com/wp-content/uploads/2022/01/benefit-300x231.png 300w" alt="ripple" width="554" height="426" loading="lazy" data-id="59548" data-pin-no-hover="true" /></a>
<figcaption>&nbsp;&nbsp;</figcaption>
</figure>
</figure>
<h2 id="history-of-ripple"><span id="History_of_Ripple" class="ez-toc-section"></span><strong>History of Ripple</strong></h2>
<p><strong>Jed McCaleb,</strong>&nbsp;an American programmer and entrepreneur who dropped out of UC Berkeley,&nbsp;<strong>came up with the idea for Ripple in 2011.</strong>&nbsp;He started his company, called OpenCoin,&nbsp;<strong>in 2012.</strong>&nbsp;He had already made Mt. Gox, which was supposed to be a place where Magic: The Gathering cards could be traded, but it turned out to be a very important and very bad place to buy and sell bitcoins.&nbsp;<strong>McCaleb had Arthur Britto and David Schwartz,</strong>&nbsp;two of his co-developers, help him build&nbsp;<strong>Ripple.&nbsp;</strong>As a result,&nbsp;<strong>Britto and Schwartz had Ryan Fugger</strong>&nbsp;bring their idea to life,&nbsp;<strong>as Fugger turned his OpenCoin system into Ripple</strong></p>
<p><strong>Over 100 banks had agreed to use Ripple by 2018</strong>. Most used the infrastructure&rsquo;s messaging features rather than the XRP cryptocurrency itself. The firm filed a class-action lawsuit against itself because it sold&nbsp;<strong>XRP</strong>&nbsp;tokens without having to register them. This meant that they made millions of dollars from the sales. According to the&nbsp;<strong>Securities and Exchange Commission (SEC)</strong>, Ripple&rsquo;s leadership allowed the sale of unregistered securities. In 2020, as part of its legal case against&nbsp;<strong>Ripple,</strong>&nbsp;the SEC said that the company was selling unregistered securities</p>
<p><strong>There was a big rise in the value of XRP in April 2021,</strong>&nbsp;even though the U.S. was accusing Ripple of raising more than one billion dollars by selling&nbsp;<strong>XRP&nbsp;</strong>on allegedly unregistered securities selling.</p>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/01/rm-1.jpg"><img class="wp-image-59604" title="What is Ripple ($XRP)? Superior global payments business across 55+ Countries 2" src="https://news.coincu.com/wp-content/uploads/2022/01/rm-1.jpg" sizes="(max-width: 878px) 100vw, 878px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/rm-1.jpg 878w, https://news.coincu.com/wp-content/uploads/2022/01/rm-1-262x300.jpg 262w, https://news.coincu.com/wp-content/uploads/2022/01/rm-1-768x881.jpg 768w, https://news.coincu.com/wp-content/uploads/2022/01/rm-1-750x860.jpg 750w" alt="ripple" width="878" height="1007" loading="lazy" data-id="59604" data-pin-no-hover="true" /></a>
<figcaption>&nbsp;</figcaption>
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<h2 id="xrp-token"><span id="XRP_token" class="ez-toc-section"></span><strong>XRP token</strong></h2>
<p>At its commencement,&nbsp;<strong>100 billion XRP units were generated,</strong>&nbsp;an official figure that will neither rise or decrease in accordance with the protocol. The&nbsp;<strong>XRP</strong>&nbsp;inventors provided the corporation with&nbsp;<strong>80% of all XRP, while retaining 20%</strong>&nbsp;for themselves. This feature of&nbsp;<strong>XRP</strong>&nbsp;is one of the reasons banks and corporations have embraced the digital currency; there is no mining process to mint new units of XRP due to its centralization</p>
<p><strong>XRP&rsquo;s primary use is as a bridge currency.&nbsp;</strong>When money is converted in traditional settlement procedures, the USD is used as the common currency.&nbsp;<strong>XRP&nbsp;</strong>was created with the goal of eventually displacing the USD as the preferred settlement currency for financial organizations. By initially converting the value of a fiat currency to the digital&nbsp;<strong>XRP,</strong>&nbsp;rather than&nbsp;<strong>USD</strong>, exchange rate costs and margins may be avoided, while processing times can be shortened. You can purchase XRP as an investment, a coin to swap for other cryptocurrencies, or a way of funding Ripple network transactions</p>
<p>Read More: <a href="https://coincu.com/currencies/xrp-xrp/stories/">Click Here&nbsp;</a></p>

<h1 id="how-does-it-work" class="has-luminous-vivid-orange-color has-text-color">How does it work?</h1>
<p><em>When it comes to Ripple and XRP, there are two primary technologies to be aware of. The XRP ledger (XRPL) and the Ripple Protocol Consensus Algorithm are two examples (RPCA). This is how they operate.</em></p>
<h2 id="ledger-xrp-xrpl"><span id="Ledger_XRP_XRPL" class="ez-toc-section"></span><strong>Ledger XRP (XRPL)</strong></h2>
<p><strong><a href="https://ripple.com/files/ripplenet_brochure.pdf" target="_blank" rel="noopener">RippleNet</a>&nbsp;is constructed on top of its own distributed ledger database like a blockchain, dubbed XRP Ledger (XRPL),&nbsp;</strong>which holds accounting information about network members and reconciles transfers between numerous currency pairings. The transaction ledger is maintained by a committee of validators who function similarly to miners and full-node operators in order to reach consensus in three to five seconds&mdash;instead of the ten minutes required by Bitcoin.<strong>&nbsp;Validators validate transactions for no monetary incentive because there are no miners vying to confirm transactions for block rewards.</strong></p>
<p>Anyone may become an&nbsp;<strong>XRP</strong>&nbsp;validator, but to earn confidence and be utilized by others on the network, validators must join Ripple&rsquo;s unique node list&nbsp;<strong>(UNL),</strong>&nbsp;therefore establishing them as a trusted validator. These centralized validators are crucial for preventing transaction double-spending and censorship. There are now just&nbsp;<strong>35 active XRP validators,&nbsp;</strong>six of which are operated by the firm.</p>
<h2 id="ripple-protocol-consensus-algorithm-rpca"><span id="Ripple_Protocol_Consensus_Algorithm_RPCA" class="ez-toc-section"></span><strong>Ripple Protocol Consensus Algorithm (RPCA)</strong></h2>
<p>Rather than decentralization, XRP&rsquo;s architecture is based on speed and cost. Unlike other cryptocurrencies such as Bitcoin and Ethereum, which are created on the blockchain and certified by miners using the Proof of Work consensus method,&nbsp;<strong>Ripple uses its own consensus mechanism, the Ripple Protocol Consensus Algorithm, to confirm transactions (RPCA).</strong></p>
<p>By bypassing the energy-intensive mining associated with Proof of Work, transactions consume less energy than Bitcoin or Ethereum transactions, are confirmed faster, and cost less. However, this speed is accomplished in part because to XRP&rsquo;s centralized architecture, which critics believe renders it less secure, censorship-resistant, and permissionless than open-source blockchain networks.</p>
<h1 id="about-ripplenet" class="has-luminous-vivid-orange-color has-text-color"><span id="About_RippleNet" class="ez-toc-section"></span>About RippleNet</h1>
<p>Unlike the traditional ecosystem banks have worked with,&nbsp;<strong><a href="https://ripple.com/files/ripplenet_brochure.pdf" target="_blank" rel="noopener">RippleNet</a>&nbsp;is a global network that financial institutions can use to transfer money faster, with more transparency, and for less fee.</strong>&nbsp;This is rather than of the many separate systems banks have worked with in the past. In order to use RippleNet, you only need to use one application programming interface&nbsp;<strong>(API).</strong>&nbsp;The company used to have products called xRapid, xCurrent, and xVia.&nbsp;<strong>In 2019, the company combined those solutions into one called RippleNet</strong></p>
<p class="has-medium-font-size">Creating a New Global Payments Infrastructure</p>
<p>The needs of individuals and businesses sending cross-border payments have dramatically evolved. These customers are now demanding real-time, low-cost and fully trackable payments on a global scale. Yet, today&rsquo;s global payments infrastructure yields an experience that is slow, costly and opaque. Ripple solves these pain points through RippleNet, a network of banks, payment providers and others. Employing Ripple&rsquo;s solutions and a standardized ruleset allows for those connected on RippleNet to efficiently send and receive payments around the world.</p>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped"></figure>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/01/rpnet1.png"><img class="wp-image-59601" title="What is Ripple ($XRP)? Superior global payments business across 55+ Countries 5" src="https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-1024x482.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-1024x482.png 1024w, https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-300x141.png 300w, https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-768x361.png 768w, https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-750x353.png 750w, https://news.coincu.com/wp-content/uploads/2022/01/rpnet1-1140x536.png 1140w, https://news.coincu.com/wp-content/uploads/2022/01/rpnet1.png 1167w" alt="ripple" width="1024" height="482" loading="lazy" data-id="59601" data-pin-no-hover="true" /></a>
<figcaption>&nbsp;</figcaption>
</figure>
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<p>&nbsp;</p>

How does it work?

HEX (HEX) is a cryptocurrency launched in 2019and operates on the Ethereum platform. HEX has a current supply of 633,542,658,973 with 173,411,074,413.06497 in circulation. The last known price of HEX is 0.13686572 USD and is down -5.74 over the last 24 hours. It is currently trading on 88 active market(s) with $27,066,176.73 traded over the last 24 hours. More information can be found at https://hex.com/.

<div>
 <div>
  <div class="sc-2qtjgt-0 eApVPN">
   <div>
    <p>
     Designed and launched by Richard Heart on 2 December 2019, HEX describes itself as a Certificate of Deposit on the blockchain.
    </p>
    <p>
     HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network.
    </p>
    <p>
     HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.
    </p>
    <p>
     HEX allows a user to stake his or her HEX coins for a share of the new HEX coin issuance, or inflation and contains features designed to incentivize behaviors that encourage price appreciation and disincentivize behaviors that encourage harm to the price. The HEX smart contract penalizes stakers for ending their stake early and rewards them for staking larger amounts of HEX for longer periods.
    </p>
    <p>
     HEX is distributed to Bitcoin holders by way of a snapshot of the Bitcoin UTXO set that occurred on 2 December 2019 at block height 606227. The distribution of HEX to Bitcoin holders is 10,000 HEX per 1 BTC. Bitcoin holders are able to claim HEX only during the first year of launch. During this period, HEX is also obtained in exchange for ETH through interacting with the HEX smart contract.
    </p>
    <p>
     At the end of the first year of launch, all HEX coins that were not claimed by Bitcoin holders are distributed to the rest of the HEX users who have stakes that are active. The maximum possible annual inflation of HEX is designed to be 3.69% after the first year of launch.
    </p>
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<div class="MuiBox-root jss2379">Supply Schedule</div>
<div class="MuiBox-root jss2380">
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Details</h3>
<div class="MuiBox-root jss2401 jss2383">
<p class="MuiTypography-root jss2382 MuiTypography-body2 MuiTypography-paragraph">When the project launches, 10,000 HEX are credited to Bitcoin holders per 1 BTC. Rewards are paid out to HEX stakers.</p>
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<div class="MuiBox-root jss1715">Overview &amp; History</div>
<div class="MuiBox-root jss1716">
<div class="MuiBox-root jss1720 jss1719">
<p class="MuiTypography-root jss1718 MuiTypography-body2 MuiTypography-paragraph">HEX is an ERC-20 compliant token on Ethereum claiming to be a high-interest blockchain certificate of deposit for Bitcoin holders.</p>
</div>
<div class="MuiBox-root jss1721"><hr class="MuiDivider-root jss1199 MuiDivider-light jss1200" /></div>
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">History</h3>
<div class="MuiBox-root jss1722 jss1719">
<p class="MuiTypography-root jss1718 MuiTypography-body2 MuiTypography-paragraph">HEX, previously branded as Bitcoin Hex, is an Ethereum ERC-20 compliant token that is designed to be the first Certificate of Deposit protocol built on blockchains.</p>
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<div class="MuiGrid-root MuiBox-root jss1734 MuiGrid-item MuiGrid-grid-xs-12 MuiGrid-grid-sm-true">
<div>
<p>Designed and launched by Richard Heart on 2 December 2019, HEX describes itself as a Certificate of Deposit on the blockchain.</p>
<p>HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network.</p>
<p>HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.</p>
<p>HEX allows a user to stake his or her HEX coins for a share of the new HEX coin issuance, or inflation and contains features designed to incentivize behaviors that encourage price appreciation and disincentivize behaviors that encourage harm to the price. The HEX smart contract penalizes stakers for ending their stake early and rewards them for staking larger amounts of HEX for longer periods.</p>
<p>HEX is distributed to Bitcoin holders by way of a snapshot of the Bitcoin UTXO set that occurred on 2 December 2019 at block height 606227. The distribution of HEX to Bitcoin holders is 10,000 HEX per 1 BTC. Bitcoin holders are able to claim HEX only during the first year of launch. During this period, HEX is also obtained in exchange for ETH through interacting with the HEX smart contract.</p>
<p>At the end of the first year of launch, all HEX coins that were not claimed by Bitcoin holders are distributed to the rest of the HEX users who have stakes that are active. The maximum possible annual inflation of HEX is designed to be 3.69% after the first year of launch.</p>
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All About

<div class="sc-cnqt8g-0 jivVTJ"><img class="post-preview-image" loading="lazy" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1642482147215.png" srcset="https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x.png 1400w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x-300x175.png 300w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x-768x447.png 768w" alt="this week on crypto twitter" style="max-width:100%;overflow:hidden;width:100%"><div>Illustration by Mitchell Preffer for Decrypt</div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">In last week’s Crypto Twitter roundup, we included, “Desperate Housewives”</span> <span style="font-weight:400">star Eva Longoria’s open announcement that she was “</span><a href="https://twitter.com/EvaLongoria/status/1479621718528434178?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1479621718528434178%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F90038%2Fthis-week-on-crypto-twitter-cryptophunks-vs-bored-apes-bukele-defends-bitcoin-city" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">jumping into the #NFT space</span></a><span style="font-weight:400">.” She had asked her 7 million followers for advice on where to start, and the replies were predictably crammed with folk shilling her their NFT projects.</span></p><div class=" flex justify-center items-center"><div class=""><div id="div-gpt-ad-1634801906339-0-90503" data-google-query-id="COOd4f-6uvUCFWyKZgIdsJgD8A"><div id="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0__container__" style="border: 0pt none;"><iframe id="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0" title="3rd party ad content" name="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0" width="300" height="250" scrolling="no" marginwidth="0" marginheight="0" frameborder="0" role="region" aria-label="Advertisement" tabindex="0" sandbox="allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation" srcdoc="" style="border: 0px; vertical-align: bottom;" data-google-container-id="1" data-load-complete="true"></iframe></div></div></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">She didn’t dally. On Monday, she changed her profile picture to her first NFT purchase: a World of Women NFT. World of Women is a collection of illustrations by artist Yam Karkai “featuring 10,000 artworks of diverse and powerful women” according to the </span><a href="https://opensea.io/collection/world-of-women-nft" target="_blank" rel="nofollow external noopener" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">description</span></a><span style="font-weight:400">. (Karkai made </span><i><span style="font-weight:400">Decrypt</span></i><span style="font-weight:400">’s list of the </span><a href="https://decrypt.co/88533/15-most-innovative-nft-artists-of-2021" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">most innovative NFT artists</span></a><span style="font-weight:400"> of 2021.)</span></p>
<div class="tweet-embed-container"><blockquote class="twitter-tweet">
<p lang="en" dir="ltr">Did I do this right? <a href="https://twitter.com/worldofwomennft?ref_src=twsrc%5Etfw" data-wpel-link="internal">@worldofwomennft</a> <br>&nbsp;<a href="https://twitter.com/hashtag/NewProfilePic?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="internal">#NewProfilePic</a> <a href="https://t.co/837jlQXWD9" data-wpel-link="internal">pic.twitter.com/837jlQXWD9</a></p>
<p>— Eva Longoria Baston (@EvaLongoria) <a href="https://twitter.com/EvaLongoria/status/1480658113833275392?ref_src=twsrc%5Etfw" data-wpel-link="internal">January 10, 2022</a></p></blockquote><div class="sc-lsn8jd-0 deJkMi"></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">Longoria joins Reese Witherspoon as a World of Women holder. And whether it was thanks to Longoria buying in, or thanks to the collection signing with Guy Oseary for Hollywood reputation (just as </span><a href="https://decrypt.co/83255/bored-ape-yacht-club-nft-film-tv-music-guy-oseary" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Bored Ape Yacht Club has</span></a><span style="font-weight:400">), the </span><a href="https://decrypt.co/90379/world-of-women-ethereum-nfts-surge-bored-apes-hollywood" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">price floor surged this week</span></a><span style="font-weight:400">.</span></p>
<h2 style="margin-top:2em;text-align:left" color="#333" class="sc-1t633a1-2 igUuUh">Andre and Klay go crypto</h2><div class="sc-3e2f5m-0 bQkWom"></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">NBA legend Andre Iguodala announced on Monday that he and Golden State Warriors teammate Klay Thompson are taking part of their salaries in Bitcoin via mobile payment service Cash App.&nbsp;</span></p>
<div class="tweet-embed-container"><blockquote class="twitter-tweet">
<p lang="en" dir="ltr">I’m excited to announce I’m taking part of my salary in BITCOIN w. Cash App! Bitcoin is the future, <a href="https://twitter.com/KlayThompson?ref_src=twsrc%5Etfw" data-wpel-link="internal">@klaythompson</a> and I are both believers. To make bitcoin more accessible, we're giving out $1M in bitcoin back to fans today. Drop your $cashtag w. <a href="https://twitter.com/hashtag/PaidInBitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="internal">#PaidInBitcoin</a> &amp; follow <a href="https://twitter.com/CashApp?ref_src=twsrc%5Etfw" data-wpel-link="internal">@CashApp</a></p>
<p>— andre (@andre) <a href="https://twitter.com/andre/status/1480616697119711234?ref_src=twsrc%5Etfw" data-wpel-link="internal">January 10, 2022</a></p></blockquote><div class="sc-lsn8jd-0 deJkMi"></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">The two NBA stars join a long list of pro athletes who have put part of their salary into Bitcoin, including </span><a href="https://decrypt.co/85023/aaron-rodgers-cash-app-giving-away-1-million-bitcoin" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Aaron Rodgers</span></a><span style="font-weight:400">, </span><a href="https://decrypt.co/86611/odell-beckham-jr-salary-bitcoin-give-away-1m-btc-cash-app" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Odell Beckham Jr.</span></a><span style="font-weight:400">, </span><a href="https://decrypt.co/61593/bitcoin-pushes-russell-okung-up-the-ranks-of-nfl-top-earners" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Russell Okung</span></a><span style="font-weight:400">, and </span><a href="https://decrypt.co/69064/nfl-trevor-lawrence-signs-endorsement-deal-with-blockfolio-ftx" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Trevor Lawrence</span></a><span style="font-weight:400">. (FTX investor and pitchman Tom Brady has said he’d “</span><a href="https://decrypt.co/81511/tom-brady-open-earn-part-salary-bitcoin-ethereum-solana" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">love to request that</span></a><span style="font-weight:400">,” but hasn’t.)</span></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>

This Week on Crypto Twitter: NBA Stars Buy Bitcoin, Vitalik Welcomes Trolls, FWB DAO Ejects a Co-Founder

<div class="content-inner ">
<p><span style="font-weight: 400;">This man Jack Mallers has a way of finding himself in the middle of historic transactions. This time, the Strike CEO used the recently unveiled Twitter Tips Lightning integration to send $10 instantly to San Salvador. The person at the other end of the line then uses the money to buy coffee in a little-known independent coffee shop. We’re witnessing the fusion of one of the biggest social networks in the world with Bitcoin’s open monetary network.</span></p>
<div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 500px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" class="" style="position: static; visibility: visible; width: 500px; height: 943px; display: block; flex-grow: 1;" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=edprospero23&amp;dnt=true&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441089090628177933&amp;lang=en&amp;origin=https%3A%2F%2Fbitcoinist.com%2Fwatch-jack-mallers-send-10-to-el-salvador-via-twitters-lightning-tips%2F&amp;sessionId=c1d699fb9276735e157c1ba4983c9f0c8f731b47&amp;siteScreenName=bitcoinist&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=500px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1441089090628177933"></iframe></div>
<p>&nbsp;</p>
<p><span style="font-weight: 400;">In </span><a href="https://jimmymow.medium.com/announcing-the-strike-api-c18a4e9c54de"><span style="font-weight: 400;">the linked blog post</span></a><span style="font-weight: 400;">, Jack Mallers explains the transaction and its significance:</span></p>
<p style="text-align: center;"><em><strong>Related Reading | <a href="https://bitcoinist.com/jack-mallers-outlines-bitcoin-top-issues-how-btc-will-drive-the-future-of-payments/">Jack Mallers Outlines Bitcoin Top Issues, How BTC Will Drive The Future of Payments</a></strong></em></p>
<blockquote>
<p><span style="font-weight: 400;">“In the above demo, I sent a $10 tip from my house in Chicago, USA to my friend David in San Salvador, El Salvador. The payment settled instantly for no fee. The singular, open, monetary network that allowed me to send an instant, free, cross-border payment to David is the same singular, open monetary network that allowed David to immediately use that money to buy a cup of coffee at Starbucks as soon as he got the Twitter notification that I had sent him money.”</span></p>
</blockquote>
<p><img class="size-medium wp-image-160396 aligncenter" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1638938880387.png" alt="BTCUSD price chart 09/25/2021 - TradingView" width="640" height="358" loading="lazy" data-lazyloaded="1" data-src="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png" data-srcset="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png 640w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-980x548.png 980w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-768x430.png 768w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-750x419.png 750w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37.png 1012w" data-sizes="(max-width: 640px) 100vw, 640px" data-pin-no-hover="true"><noscript><img loading="lazy" class="size-medium wp-image-160396 aligncenter" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1638938488196.png" alt="BTCUSD price chart 09/25/2021 - TradingView" width="640" height="358" srcset="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png 640w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-980x548.png 980w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-768x430.png 768w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-750x419.png 750w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37.png 1012w" sizes="(max-width: 640px) 100vw, 640px"></noscript></p>
<pre style="text-align: center;">BTC price chart for 09/25/2021 on Exmo | Source: BTC/USD on <a href="https://www.tradingview.com/symbols/BTCUSD/">TradingView.com</a></pre>
<h2><span style="font-weight: 400;">The previous time Jack Mallers found himself in the middle of a historic transaction</span></h2>
<p><span style="font-weight: 400;">When Strike’s CEO </span><a href="https://bitcoinist.com/watch-jack-mallers-send-free-instant-non-reversible-10-to-nigeria/"><span style="font-weight: 400;">sent $10 to Nigeria,</span></a><span style="font-weight: 400;"> he described that other transaction in terms that also apply to today’s historic transaction.&nbsp;</span></p>
<blockquote>
<p><span style="font-weight: 400;">“If you don’t see how huge this is, think about it as Jack Mallers does. He “didn’t have to register the transfer through a financial intermediary such as Western Union, request private banking details of Bernard Parah, or wait days for the payment to settle.” On the other side, Bernard “didn’t owe any intermediary a percentage of the transaction, the payment wasn’t reversible and settled instantly.”</span></p>
</blockquote>
<p><span style="font-weight: 400;">Bernard Parah’s Bitnob and Strike are interoperable because they both joined the Bitcoin and Lightning open monetary network. And now, Twitter and its millions of users joined both of those companies and the network. This is immense.&nbsp;</span></p>
<p><span style="font-weight: 400;">Also, the previous time Jack Mallers proclaimed, “</span><em><span style="font-weight: 400;">Today, Strike became the best remittance option from the US to Nigeria without even trying</span></em><span style="font-weight: 400;">.” This time, he feels even more confident:</span></p>
<blockquote>
<p><span style="font-weight: 400;">“Twitter’s integration with the Strike API turns Twitter into one of the best remittance experiences in the world, one of the greatest global creator marketplaces in the world, one of the greatest global payment experiences in the world, one of the best global micropayment marketplaces in the world, and allows an internet communications company to interoperate with the monetary standard for the world, enabling global payments for their users.”</span></p>
</blockquote>
<p><span style="font-weight: 400;">Boom!</span></p>
<div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 500px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-1" class="" style="position: static; visibility: visible; width: 500px; height: 1160px; display: block; flex-grow: 1;" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=edprospero23&amp;dnt=true&amp;embedId=twitter-widget-1&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441092004759293965&amp;lang=en&amp;origin=https%3A%2F%2Fbitcoinist.com%2Fwatch-jack-mallers-send-10-to-el-salvador-via-twitters-lightning-tips%2F&amp;sessionId=c1d699fb9276735e157c1ba4983c9f0c8f731b47&amp;siteScreenName=bitcoinist&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=500px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1441092004759293965">

Watch Jack Mallers Send $10 To El Salvador Via Twitter’s Lightning Tips

<div class="sc-cnqt8g-0 epmiuL"><img class="post-preview-image" loading="lazy" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1636382356475.png" srcset="https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/03/Roberts-on-Crypto-Larger.png 540w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/03/Roberts-on-Crypto-Larger-300x122.png 300w" alt="roberts on crypto header" style="max-width:100%;overflow:hidden;width:100%"><div><span opacity="0.58" color="#333" class="sc-jb7pox-1 GwxAa"></span></div></div>
<p>Jack Dorsey, the <a href="https://decrypt.co/78391/why-does-jack-dorsey-hate-ethereum" target="_blank" class="sc-18vyx5u-0 hiPYeO">Bitcoin maximalist</a> CEO of Twitter, put his money where his mouth is this week. His company rolled out "<a href="https://decrypt.co/81731/twitter-bitcoin-tipping-nft-avatars" target="_blank" class="sc-18vyx5u-0 hiPYeO">Bitcoin tipping</a>" to its 300 million active users, a service that will let anyone send or receive Bitcoin by sharing a wallet address or using an app called <a href="https://decrypt.co/73845/el-salvadors-u-s-bitcoin-partner-lacks-key-licenses" target="_blank" class="sc-18vyx5u-0 hiPYeO">Strike</a>. And to top if off, Twitter also announced a plan to let users connect their Bitcoin wallets to <a href="https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain" target="_blank" class="sc-18vyx5u-0 hiPYeO">NFTs</a> tied to their identity.</p>
<p>Where to begin? For starters, this might be the most mainstream moment in Bitcoin's history. That's because Twitter isn't just a mega social media platform used by political and sports divs, but also a major force in media that helps drive the news of the day. Tying crypto payments to all this could spur tens of millions of people to use Bitcoin for the first time.</p><div class="pa-global-class pa-pl-16409 pa-pl-multiInsert" id="pa-container-1" style="z-index: 50; background: transparent; max-width: 166%; display: block; position: relative; width: 166%; pointer-events: none;"><div class="pa-unit-global pa-pl-16409" id="pa-unit-1" style="z-index: 1; height: 0px; background: transparent; position: relative;"><div class="pa-observer-px" style="height: 0px; width: 100%; background: transparent; position: absolute; left: 0px; top: 0px; pointer-events: none;"></div></div></div>
<p>The Bitcoin integration means Twitter has already done something other tech giants could not: Build a borderless payment system right into its app. You may recall Facebook sought to do that three years ago with a new type of stablecoin called Libra, but regulators <a href="https://decrypt.co/78891/facebook-crypto-wallet-is-ready-market-is-market-ready-novi" target="_blank" class="sc-18vyx5u-0 hiPYeO">all but killed the plan</a>. Twitter is more likely to avoid that fate since it doesn't wield Facebook's monopoly power and because it is relying on an existing global currency—Bitcoin—rather than trying to mint its own money.</p>
<p>Bitcoin tipping also coincides with the launch of a number of other new (non-crypto) Twitter products, including newsletters and a live forum called Spaces, that are designed to let artists and creators connect directly with their audiences. In practice, this means that a comedian in Mexico could perform on Twitter and instantly receive tips from people in Madrid, Buenos Aires and New York. The company has even set up an invoicing system.</p>
<p>The world has been waiting for something like this. For decades, media and culture have been borderless, but payments have not. Sure, we've been able to use credit cards (and crypto) internationally, but there's still no easy one-click tool plugged directly into the apps we use every day. Twitter's Bitcoin tipping feature could change that, and also spur the likes of YouTube, TikTok, and others to follow suit. Meanwhile, adding NFTs as a form of identification, as Twitter has pledged to do, could help <a href="https://decrypt.co/79071/cryptopunks-bored-apes-nft-avatar-trend-is-about-community-building" target="_blank" class="sc-18vyx5u-0 hiPYeO">make crypto communities</a> even more mainstream.</p>
<p>If people use the features.</p>
<span class="" style="display:inline-block"></span>
<p>First, Dorsey has to show he can pull this off. And that's an open question. Twitter delighted cryptoland by launching Bitcoin tipping—you can see how it works <a href="https://twitter.com/Twitter/status/1441085130487975952" target="_blank" class="sc-18vyx5u-0 hiPYeO">here</a>—but that doesn't mean it's going to work as planned. For one thing, the reliance on Strike could mean trouble, since the app and its obnoxious founder <a href="https://decrypt.co/73845/el-salvadors-u-s-bitcoin-partner-lacks-key-licenses" target="_blank" class="sc-18vyx5u-0 hiPYeO">don't appear ready</a> to deal with the regulatory issues that go along with launching a global payment network. Strike was also the partner for the El Salvador government's <a href="https://decrypt.co/80436/el-salvador-forced-through-bitcoin-law-any-means-necessary" target="_blank" class="sc-18vyx5u-0 hiPYeO">bumpy Bitcoin rollout</a>. And speaking of governments, the tax rules surrounding Bitcoin remain a mess, especially in the U.S., and it's possible that those who use Twitter tipping will find themselves with an unpleasant surprise come tax time—something that will certainly chill adoption.</p>
<p>Then there is Dorsey's decision to embrace Bitcoin and Bitcoin alone. This has already ruffled the feathers of Ethereum fans, and led <i>Decrypt</i>'s founder Josh Quittner to wonder if Dorsey excluded Ethereum over fears it would threaten Twitter's centralized platform. Whatever his motives, Dorsey's Bitcoin-only path will create political opposition from DeFi diehards the project could really use on its side.</p>
<p>Then, there are the practical problems with Twitters's plan, especially when it comes to NFTs. The company says it will let users display NFT-based badges that are tied to their wallets, but the Bitcoin blockchain doesn't appear up to this task, and Twitter refuses to explain how exactly this will work. Never a good sign.</p>
<p>The bottom line is that Twitter's Bitcoin initiative is full of promise, but fraught with peril. Hey, let's not judge just yet—the company has just pushed forward with a Bitcoin feat the world has never seen before, and for that it deserves kudos. Have a great weekend.</p>
<p><i>This is&nbsp;</i>Roberts on Crypto<i>, a weekend column from Decrypt Editor-in-Chief&nbsp;<a href="https://decrypt.co/author/daniel-roberts" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Daniel Roberts</a>&nbsp;and Decrypt Executive Editor&nbsp;<a href="https://decrypt.co/author/jeff-john-roberts" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Jeff John Roberts</a>. Sign up for the&nbsp;<a href="https://decrypt.co/modal/emails" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Decrypt Debrief email newsletter</a> to receive it in your inbox in the future. And read last weekend's column:&nbsp;</i><a href="https://decrypt.co/81230/solana-outage-sol-growing-pains" target="_blank" class="sc-18vyx5u-0 hiPYeO">Solana's Growing Pains</a>.</p>

Bitcoin on Twitter: The Promise and the Problems

<div class="sc-ktzkjh-0 hIxHRr"><h4 color="#333" class="sc-1t633a1-4 PUmZU">In brief</h4><ul>
<li>Michael Burry once held around 5% of all GameStop shares.</li>
<li>He sold his position before the meme stock hit all-time highs above $400.</li>
<li>In January, he called for the SEC to regulate what he saw as "unnatural" trading.</li>
</ul><div class="sc-zni0p2-0 ggVtwx"></div></div><p><span style="font-weight:400">One of the biggest players in the GameStop saga is being drawn into an investigation by the U.S. Securities and Exchange Commission.</span></p>
<p><span style="font-weight:400">Michael Burry, head of investment firm Scion Asset Management, tweeted today that the firm has received a subpoena from the SEC. A scanned copy of the letter shows that it relates to GameStop Corp. and was issued on September 21. The tweet has since been deleted.</span></p><div class="pa-global-class pa-pl-16409 pa-pl-multiInsert" id="pa-container-1" style="z-index: 50; background: transparent; max-width: 166%; display: block; position: relative; width: 166%; pointer-events: none;"><div class="pa-unit-global pa-pl-16409" id="pa-unit-1" style="z-index: 1; height: 0px; background: transparent; position: relative;"><div class="pa-observer-px" style="height: 0px; width: 100%; background: transparent; position: absolute; left: 0px; top: 0px; pointer-events: none;"></div></div></div>
<p><span style="font-weight:400">Burry owned more than 5% of GameStop stock last year before </span><a href="https://www.forbes.com/sites/antoinegara/2021/02/16/michael-burry-the-hedge-fund-genius-who-started-gamestops-4000-rise-sold-before-its-reddit-surge/?sh=786678af6359" target="_blank" class="sc-18vyx5u-0 hiPYeO"><span style="font-weight:400">selling 1.7 million shares</span></a><span style="font-weight:400"> in the fourth quarter for between $10 and $20. By January GME shares were trading for over $400; they currently sell for $185 on the New York Stock Exchange.&nbsp;</span></p>
<p><span style="font-weight:400">GME's rise was facilitated by an army of amateur day traders and a handful of anonymous Wall Street veterans, who poured into online forums like WallStreetBets to coordinate stock picks. It was the first meme stock, an asset without intrinsic value which is traded for its cultural cachet. Other companies in decline, among them theater company AMC and 2000s throwback BlackBerry, have also found fresh money this year as meme stocks.</span></p>
<div class="sc-155ftbs-0 sc-155ftbs-1 eAya-DO jpxtSH"><div class="sc-155ftbs-2 ccosHo"><div class="sc-155ftbs-3 jcayOL"><a href="/81076/what-robinhood-gamestop-taught-us-bitcoin-billionaires-author-ben-mezrich" class="sc-18vyx5u-0 vsGFO" style="width: 100%;"></a></div></div></div>
<p><span style="font-weight:400">Meme stocks are close relatives to meme tokens and coins, cryptocurrencies that lack much in the way of utility but can be traded for half-ironic LOLs—and sometimes for big money, if holders can convince others to join in.&nbsp;</span></p>
<p><span style="font-weight:400"><span class="link"><a href="https://decrypt.co/resources/dogecoin-crypto-cryptocurrency-guide-how-to-buy-doge" target="_blank" class="sc-18vyx5u-0 hiPYeO">Dogecoin</a></span>, launched as a joke nearly a decade ago, is the preeminent meme coin with a market cap of $27 billion. The more recent Shiba Inu, which borrows DOGE's dog-based iconography, has a market cap of $3.6 billion. It recently began trading on <span class="link"><a href="https://decrypt.co/46690/coinbase-review-a-great-jumping-on-point-for-bitcoin-beginners" target="_blank" class="sc-18vyx5u-0 hiPYeO">Coinbase</a></span>, which has found itself in competition with mobile trading app Robinhood—where many if not most GameStop and Dogecoin speculators plied their trade early in 2021.</span></p>
<p><span style="font-weight:400">Robinhood's participation in GameStop's rise was contentious. At one point, as GME's price tag was rising, Robinhood restricted users from buying more GME. Users were upset they couldn't buy more, while politicians from progressive Alexandria Ocasio-Cortez to arch-conservative Ted Cruz suggested a hearing was necessary to determine whether the app was picking winners and losers. Others in government worried that GameStop's surge was a sign of market manipulation, as everyday investors were perhaps being duped by more powerful forces behind the scene—just like crypto pump-and-dump schemes on Telegram.</span></p>
<div class="sc-bn4v3i-1 kKVLkh"><div class="sc-1lyao0r-0 bYXVxv"><div class="sc-1stj48q-1 jIqIqg"><div class="sc-1ao5pjp-0 iDmTWe"><div color="#b7a048" class="sc-1joxzke-0 iLgkbE"><img class="sc-1joxzke-1 iqMMhj" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1636255533965.png" dimension="29"></div><span class="sc-jb7pox-2 hPjvKB sc-1stj48q-3 hVlrdy" color="#333" opacity="1">DOGE</span></div><div class="sc-1lyao0r-0 sc-1stj48q-2 bYXVxv hzlQar"><span class="sc-jb7pox-2 bGpjfZ sc-1mjd3js-0 dDOcjm variation-value" value="7708.33" color="#333" opacity="1"><span>+</span>7708.33%</span><span class="sc-jb7pox-1 gPoHne current-price" color="#333" opacity="1">$0.2107</span></div></div><div class="sc-1stj48q-0 jWoPsV"><div class="sc-ktzkjh-0 sc-1qwrltn-2 hIxHRr irYpKJ"><div class="sc-1ao5pjp-0 sc-1qwrltn-0 iDmTWe cdDhPC"><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">24H</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">7D</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">1M</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 chOUVj" color="#333" opacity="1">1Y</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">MAX</span></div></div><div class="sc-zni0p2-0 ggVtwx"></div><div height="180" class="sc-dunrjg-0 bPZqaA"><div data-highcharts-chart="0" style="height: 100%; overflow: hidden;"><div id="highcharts-jy1wary-0" dir="ltr" class="highcharts-container " style="position: relative; overflow: hidden; width: 367px; height: 180px; text-align: left; line-height: normal; z-index: 0; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); user-select: none;"><svg version="1.1" class="highcharts-root" style="font-family:&quot;Lucida Grande&quot;, &quot;Lucida Sans Unicode&quot;, Arial, Helvetica, sans-serif;font-size:12px;" xmlns="http://www.w3.org/2000/svg" width="367" height="180" viewBox="0 0 367 180"><desc>Created with Highcharts 8.2.2</desc><defs><clipPath id="highcharts-jy1wary-1-"><rect x="0" y="0" width="312" height="142" fill="none"></rect></clipPath></defs><rect fill="#ffffff" class="highcharts-background" x="0" y="0" width="367" height="180" rx="0" ry="0"></rect><rect fill="none" class="highcharts-plot-background" x="45" y="10" width="312" height="142"></rect><rect fill="none" class="highcharts-plot-border" data-z-index="1" x="45" y="10" width="312" height="142"></rect><g class="highcharts-grid highcharts-xaxis-grid" data-z-index="1"><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 44.5 10 L 44.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 87.5 10 L 87.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 130.5 10 L 130.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 173.5 10 L 173.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 215.5 10 L 215.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 258.5 10 L 258.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 301.5 10 L 301.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 344.5 10 L 344.5 152" opacity="1"></path></g><g class="highcharts-grid highcharts-yaxis-grid" data-z-index="1"><path fill="none" stroke="#e6e6e6" stroke-width="1" data-z-index="1

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