BinancePizza

Introduction: Bitcoin and cryptocurrencies have gained significant attention and popularity over the years. While the story of Bitcoin Pizza Day remains an iconic moment, it's just one example of the potential real-world applications for cryptocurrencies. In this article, we will delve into various use cases of Bitcoin and other cryptocurrencies in the real world, showcasing their practical applications beyond a tasty meal.

Peer-to-Peer Transactions: Cryptocurrencies provide a decentralized and secure means of conducting peer-to-peer transactions. Bitcoin, along with other cryptocurrencies, allows individuals to transfer value directly without the need for intermediaries such as banks. This has significant implications for remittances, international money transfers, and micropayments, among others.

Example: Beyond the famous Bitcoin Pizza Day, individuals can now use Bitcoin or other cryptocurrencies to purchase goods and services from various merchants worldwide. For instance, numerous online retailers and businesses accept cryptocurrencies as a form of payment, ranging from electronics to travel services.

Financial Inclusion: Cryptocurrencies have the potential to improve financial inclusion, especially in regions with limited access to traditional banking services. By utilizing cryptocurrencies, individuals in underbanked or unbanked areas can access financial services, participate in global markets, and store their wealth securely.

Example: In countries with high inflation rates or unstable economies, cryptocurrencies like Bitcoin can provide a more stable store of value. Venezuelans, for instance, have turned to Bitcoin as a means of preserving their wealth and accessing international markets.

Smart Contracts and Decentralized Applications (DApps): Cryptocurrencies, such as Ethereum, have introduced smart contracts, enabling the creation and execution of self-executing agreements without intermediaries. Smart contracts have diverse applications, including decentralized finance (DeFi), supply chain management, and voting systems.

Example: Projects like MakerDAO utilize smart contracts to enable users to generate stablecoins (cryptocurrencies pegged to a stable asset) by locking their existing crypto assets as collateral. This provides a decentralized alternative to traditional banking services, allowing users to access loans without relying on a centralized authority.

Fundraising and Initial Coin Offerings (ICOs): Cryptocurrencies have revolutionized fundraising through ICOs, allowing startups to raise capital by issuing tokens. ICOs enable early-stage companies to gather funding directly from the public, creating new opportunities for innovation and investment.

Example: In 2017, the Brave browser conducted an ICO, raising over $35 million by issuing Basic Attention Tokens (BAT). These tokens are used within the Brave ecosystem to reward users and content creators, disrupting the traditional online advertising industry.

Conclusion: While Bitcoin Pizza Day serves as a memorable event in the history of cryptocurrencies, it represents just one aspect of the broader potential for digital currencies in the real world. Bitcoin and other cryptocurrencies offer various use cases, including peer-to-peer transactions, financial inclusion, smart contracts, and fundraising opportunities. As the technology continues to evolve, we can expect even more innovative applications and transformative impacts across industries, reshaping the way we interact, transact, and conduct business in the future.

#binancepizza #BTC #feedfeverchallenge

According to informed sources, Elon Musk's artificial intelligence startup xAI is negotiating a round of financing with investors, with a valuation expected to reach around $40 billion. A few months ago, xAI's last valuation was $24 billion when it raised $6 billion in the spring. One informed source stated that xAI hopes to raise several billion dollars in the new round of financing. The cash raised will be counted towards the $40 billion valuation. Musk stated on Monday that xAI plans to increase the number of graphic processing units at its Memphis data center from 100,000 to 200,000. NVIDIA's CEO praised the speed at which xAI is establishing the data center in Memphis, referring to it as 'the fastest supercomputer on Earth' in a recent podcast. (Golden Ten) #binancepizza

🚀 An enormous whale made a massive deposit of 23,080 $ETH ($44M) to #Binance only 6 hours 30 mins ago!

💰 The average withdrawal price for $ETH is an impressive $1,820.

ℹ️ Curious to see the transaction details? Check them out here: https://debank.com/profile/0xb15485a37a1e6759f0dff1bdccfc27c2c96c8b2e/history?token=eth_ETH_eth

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according to Lookonchain monitoring, two hours ago, a whale withdrew 220 billion SHIB (approximately $4.63 million) from Binance after being dormant for 5 months.
#binancepizza

During an official visit to Argentina, Salvadoran President Nayib Bukele met with Argentine Vice President Victoria Villarruel to discuss cryptocurrencies and El Salvador's experience with Bitcoin. Victoria Villarruel reportedly said: "I personally want to use these few minutes to talk to you about Bitcoin, which is something I am very interested in." In addition, Villarruel also showed interest in the so-called Volcano Bonds, which have been shelved for several years. Nayib Bukele proposed these bonds as part of the financing plan for Bitcoin City, a Bitcoin-centric metropolis announced in 2021, but has not yet been built. (Bitcoin.com) #binancepizza

According to Arkham monitoring, 4 minutes ago, Binance institutional custody platform Ceffu deposited 1,279,959,528,068 PEPE to Binance, approximately 11.49 million dollars. #binancepizza

According to Whale Alert, an address holding 8,563,180 USDT on the Tron chain was frozen about 20 minutes ago.
#binancepizza

Jito posted on X stating that the restaking deposit limit has been reached (25 million USD), please continue to follow for the second phase, during which the global deposit limit will be increased.
Yesterday's news, Jito officially announced that restaking deposits are now open, with an initial deposit limit of 147,000 SOL. #binancepizza

DefiLlama data shows that the total value locked (TVL) of Scroll across the network is currently about $547 million, a decrease of 44.7% from the historical peak of $991 million on October 16 (three days before the airdrop snapshot), approaching a halving. #binancepizza

12:00-21:00 Keywords: USDC, central bank, Bitfarms
Berkshire Hathaway's cash reserves exceed $300 billion;2. This week, the US Bitcoin ETF purchased over $2.2 billion worth of BTC;3. The central bank's Lu Lei: The closer Bitcoin is to assets, the further away it is from widely circulated currency;4. The circulation of USDC has increased by about 300 million in the past 7 days;5. Forbes: In October, the volatility of Tesla, AMD, and Nvidia stocks was higher than that of Bitcoin;6. Bitfarms will deploy 10,000 miners in Pennsylvania;7. The current probability of predicting Trump's victory in the US presidential election is 57.5%;8. MicroStrategy transferred 1652 BTC to a new wallet. #binancepizza

The U.S. Commodity Futures Trading Commission has warned of a potential surge in election gambling and requested that an appeals court continue to halt Kalshi's political prediction markets while the agency's appeal is ongoing. The CFTC stated that Kalshi and others have interpreted a judge's decision on September 6 as a green light for election gambling. The judge had ruled that the regulator was wrong to prevent the company from offering contracts on which party would control each house of Congress.
#binancepizza

According to Arkham monitoring data, about 13 hours ago, Bitwise spot Bitcoin exchange-traded fund BITB Bitcoin ETF transferred 1,001 BTC to an unknown address starting with bc1q5, worth about $60.15 million. #binancepizza

Robinhood Markets reported in its submitted third-quarter report that the company's revenue and net deposits have significantly increased, indicating that despite facing previous challenges and regulatory pressures, the company is still expected to turn a profit. #binancepizza

According to Whale Alert, a dormant Bitcoin address for 10.8 years was activated, containing 100 Bitcoins, with a floating profit of over 6 million US dollars. #binancepizza

1. Billions (2016) - watching this series is like watching a masterful poker game between business and law.

2. The Men Who Built America (2012) - Historical film about the first generation of major American entrepreneurs: Fords, Rockefellers, Carnegies.

3. Black Monday (2019) - A series about the events on the eve of “Black Monday” (October 19, 1987 - the largest stock market crash in the history of Wall Street).

Bitcoin analyst PlanB predicts that based on the historical data and patterns of its stock-to-flow model, the target price for BTC over the next four-year cycle will be $500,000. PlanB notes that Trump's proposal to establish a national BTC reserve is a potential driver of demand, suggesting that this could increase the buying pressure by '200,000 BTC per year.' The model assesses its value based on BTC's limited supply and scheduled halving, indicating that its price tends to rise significantly after each halving event. It is worth mentioning that while PlanB expects the BTC price to reach $500,000 in this cycle, he adds that its price can vary widely, ranging from $250,000 to $1,000,000.

according to Fox News, US President-elect Trump will hold a rally in Washington on the eve of his inauguration.
#binancepizza

FTX estate's bankruptcy plan was approved by a judge, allowing the company to move closer to liquidation despite disputes surrounding the distribution of funds to creditors based on the price of cryptocurrency assets starting in November 2022. #binancepizza