The U.S. Treasury Department, concerned about the growth of stablecoins, believes privately issued stablecoins should be replaced by a state-backed central bank digital currency (CBDC), according to a Treasury report released Wednesday.
Oh surprise! 馃槄
Who knows why the price of Dogecoin (DOGE) has tripled after Trump's victory. It could be anything... <fortune.com/2024/10/24/elon-musk-donald-trump-election-tesla-robotaxi-cybercab-earnings-doge/>
Well, in the last month bitcoin has gone from $61k to $80k (+33%). Maybe nothing...
A finales de Octubre publicaba un art铆culo sobre los mercados de predicciones aplicados a las recientes elecciones en EEUU (spoiler: acertaron).
En este art铆culo voy m谩s all谩, hablando de la evoluci贸n de estos mercados predictivos hacia la "info finance"
www.linkedin.com/pulse/de-los-prediction-markets-la-info-finance-jorge-ordov%25C3%25A1s-fjpif/
Today, prediction markets are just one example of a much larger and incredibly powerful category, with the potential to create better implementations of social media, science, news, governance, and other fields. Let's call this trend "info finance," as @vitalik.eth suggests.
Forbes publica un art铆culo analizando el momento del sector cripto tras las elecciones en EEUU, a trav茅s de las opiniones de distintos colaboradores, para entender si realmente podemos esperar pol铆ticas pro-cripto en la administraci贸n Trump (incluidas iniciativas como la creaci贸n de una reserva estrat茅gica de Bitcoin o la reestructuraci贸n de la SEC para facilitar el desarrollo de proyectos cripto, que ya hab铆a dejado caer durante la campa帽a).
<forbes.es/criptomonedas/537954/como-afecta-victoria-trump-criptomoneda/>
Following the ATH reached by bitcoin yesterday, driven by the results of the US elections, it is interesting to compare the global picture of the crypto market with what it was at the end of 2021 at its peak.
We clearly see how, having again surpassed $2.5 trillion in global volume, the distribution is quite different, with bitcoin much more predominant in 2024 (the year of the launch of ETFs) and a considerable increase in stablecoins, while Ethereum and others have seen their global capitalization reduced.
(Data obtained from Coinmarketcap)
Tether reported $2.5B net profits in the third quarter of the year, bringing year-to-date profit to $7.7B 馃樀 as the market capitalization of USDT neared $120B.
And $1.3B of the profits derived from yield on its $100 billion of U.S. Treasury holdings 馃挵