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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.

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How does buying 2 Large Pizzas for 10,000 Bitcoins sound? Even though it sounds ridiculous now, this is exactly what happened in 2010. Let's take a closer look at the history of this day, which is celebrated every year as Bitcoin Pizza Day.

Bitcoin Pizza Day is considered a major milestone in the cryptocurrency world. This incident, in which Bitcoin was used in real life for a good or service for the first time, took place on May 22, 2010. This incident is a prime example of Bitcoin's real-world usability. In this way, people saw that Bitcoin had tangible value in real life and could be used for real purchases.

The decentralized prediction platform Polymarket accumulated a nearly $900 million bet for the winner of the United States 2024 presidential election.
U.S. Vice President and Democratic presidential candidate Kamala Harris leads the way with an estimated 50% chance of winning and a bet surpassing $127 million, according to the platform. Republican presidential candidate Donald Trump comes in a close second at 49% winning odds and a nearly $144 million bet.
Trump had initially been leading Harris in the Polymarket bet, but Harris flipped Trump on Aug. 12 when the prediction market for the winner was $572 million, The Block previously reported.
Beyond the candidates, Polymarket prediction markets focus on other aspects of the 2024 presidential election, such as the likelihood of Trump saying "crypto" or other words in the debate between him and Harris. To be sure, neither candidate mentioned cryptocurrency in the Sept. 10 discussion in Philadelphia.
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The 2024 presidential election has largely contributed to Polymarket's explosive growth in the past few months. August marked Polymarket's highest-ever number of active traders and monthly volume, bringing in 63,6200 and $472.84 million, respectively, according to The Block's Data Dashboard. The platform's cumulative volume sits at $1.75 billion as of Sept. 13.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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According to Uniswap team, Uniswap is now live on the Avax chain. Pepole could swapping your fave Avalanche tokens on the Uniswap website.

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May 22nd is widely celebrated by the crypto community as Bitcoin Pizza Day, and here's the story behind it.

In 2010, Bitcoin was still a nascent technology known only to a few dedicated cypherpunks who were mining it without many practical use cases. Despite the release of the white paper in 2008 and the first block being mined in early 2009, Bitcoin had yet to find real-world acceptance and no merchants were accepting it.

But then, a game-changing moment occurred.

On May 18th, 2010, a user named Laszlo on the Bitcointalk forum made a bold proposition. He offered to pay 10,000 Bitcoins for a couple of pizzas, simply to be able to claim that he had bought something with Bitcoin. This offer marked an important step in the journey of Bitcoin as a digital currency.

After a few days of discussions on the forum, someone took him up on the offer. The trade took place, and on May 22nd, 2010, Laszlo confirmed that the first-ever transaction of Bitcoin for physical goods had been successful.

At the time, the value of 10,000 Bitcoins for a couple of pizzas seemed generous but not particularly significant, amounting to around $41. However, as Bitcoin gained popularity, its price began to soar. People were amazed to see the value of those pizzas skyrocketing to what seemed like astronomical levels. Some users joked about the possibility of these pizzas becoming million-dollar pizzas one day.

Fast forward to the present day, with Bitcoin reaching highs of $20,000 and currently hovering around $8,000, and the figure of $800,000,000 for those two pizzas becomes mind-boggling. It's hard to comprehend the immense value they hold.

It's no wonder that many believe these pizzas will one day become billion-dollar pizzas. The hope for that day is shared among all of us involved with cryptocurrencies, particularly Bitcoin.

The journey of Bitcoin since that momentous pizza transaction has been filled with ups and downs. Bitcoin's price has experienced significant fluctuations, reaching its peak at $20,000 and then stabilizing around $8,000. However, the underlying potential and promise of Bitcoin as a transformative digital currency remain.

As we look to the future, there is a collective hope among crypto enthusiasts that Bitcoin will continue to evolve and fulfill its potential as a widely accepted form of digital cash. The dream of billion-dollar pizzas may not be so far-fetched, especially as Bitcoin gains more mainstream acceptance and adoption.

Bitcoin Pizza Day serves as a reminder of the humble beginnings of this revolutionary technology and the belief in its potential. It's a celebration of the progress made so far and a symbol of the exciting possibilities that lie ahead.

So, as we commemorate Bitcoin Pizza Day, let's raise a metaphorical slice of pizza and toast to the remarkable journey of Bitcoin, the advancements yet to come, and the vibrant community that continues to support and believe in this groundbreaking technology.

#binancepizza #Binance #BTC #crypto2023 #feedfeverchallenge

Fintech company DeFi Technologies announced that its subsidiary Valour’s assets under management (AUM) had grown to 837 million Canadian dollars (about 609 million U.S. dollars) as of July 31, 2024, a year-to-date increase of 64%. Net inflows in July were 9.3 million Canadian dollars (about 6.75 million U.S. dollars).
The company currently has a cash and USDT balance of approximately 56.2 million CAD (40.9 million USD) and loans of approximately 17.9 million CAD (13 million USD).
As of August 7, the company held 204.34 bitcoins, 12,775 SOL tokens, and 1,484,148 CORE tokens, with a total value of $20.7 million CAD ($15.1 million USD).

Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, said in a social media response to top trader Eugene NgAh Sio, "I don't think SUI's market value will reach the level of SOL, but its current market value is only 3.5% of SOL, which sounds like the arguments given by the .eth community before or during SOL's outperformance."
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According to SoSoValue data, the total net inflow of Bitcoin spot ETFs yesterday (August 12, Eastern Time) was US$27.8689 million.
Yesterday, Grayscale ETF GBTC had a single-day net outflow of US$11.7743 million. The current historical net outflow of GBTC is US$19.463 billion.
Grayscale Bitcoin Mini Trust ETF BTC had a single-day net inflow of US$7.8537 million. Currently, the total historical net inflow of Grayscale Bitcoin Mini Trust BTC is US$274 million.
The Bitcoin spot ETF with the largest single-day net inflow yesterday was the ARKB ETF from Ark Invest and 21Shares, with a single-day net inflow of US$35.4019 million. Currently, the total net inflow of ARKB in history has reached US$2.446 billion.

Isaac Boltansky, head of policy research at BTIG, said that the US Securities and Exchange Commission (SEC) is about to undergo personnel changes. If approved by the Senate, Paul Atkins will replace Gary Gensler for a five-year term. However, Isaac Boltansky warned that despite the personnel changes at the SEC, there will still be "jurisdictional disputes" in the future. He pointed out that the agency and the US Commodity Futures Trading Commission sometimes have disputes over cryptocurrency regulation because "there are too many cooks in the kitchen and they cannot agree on what they are doing." In addition, the key issue of whether cryptocurrency should be classified as securities is still being tried in court, beyond the jurisdiction of US federal regulators. The next Congress will lead with a slight Republican advantage and may at least make clearer regulations on stablecoins.
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The number of global cryptocurrency millionaires has surged 95% in the past year as Bitcoin ETFs and other crypto assets climb, according to a new report. According to a report by New World Wealth and Henley & Partners, 172,300 individuals worldwide currently hold more than $1 million in crypto assets, a significant increase from 88,200 last year. The number of pure-player Bitcoin millionaires has more than doubled to 85,400.
There are now 325 crypto deca-millionaires (those holding $100 million or more in crypto assets), and 28 crypto billionaires, the report shows. The surge reflects the rapid growth of the Bitcoin ETF, which has surpassed $50 billion in assets since its launch in January and has sparked a wave of institutional participation. Bitcoin prices have risen 45% this year to about $64,000. As the value of other cryptocurrencies has risen, the market capitalization of crypto assets has grown to $2.3 trillion, up from $1.2 trillion last summer. (CNBC) #binancepizza