#bitcoin #ETH $BTC $ETH $SOL UPDATE: 🇺🇸 President Trump has officially banned the creation of Central Bank Digital Currency (CBDC) by signing an executive order.
US President Donald Trump recently signed an executive order banning the creation of Central Bank Digital Currency (CBDC) in the US. The decree has also set up a special group to develop regulatory and policy frameworks in the field of digital currency and related financial technologies. The group will be headed by David Sachs, a special adviser on artificial intelligence and digital currencies, with the participation of the Treasury Minister and the Minister of Homeland Security.
The tasks of this group include reviewing existing supervisory frameworks, creating new guidelines, and evaluating the possibility of creating and maintaining a national reserve from digital assets. The move is in line with Trump's election promises to support digital currencies and promote their acceptance. Also, the order emphasizes the support and promotion of dollar-backed stablecoins globally, but prohibits the establishment of CBDCs in the United States.
The decision contrasts with the policies of the previous administration led by Joe Biden, which took tough measures against companies related to digital currencies. The formation of this task force could be an important step towards the wider adoption of digital currencies in the United States
UPDATE: 🇺🇸 The US Securities and Exchange Commission (SEC) has launched a new task force to develop a "comprehensive and transparent regulatory framework for crypto-assets"
Trump Coin is a cryptocurrency that is usually created to support former US President Donald Trump. These types of cryptocurrencies are more advertising and symbolic than real applications.
Advantages: 1Specific community support: For those who support Trump, it can be a means of expressing loyalty.
2. Short-term investment opportunity: its value may increase in certain periods due to advertisements and news.
3. Political Symbol: Used as a symbolic asset for political purposes.
Disadvantages: 1Lack of real use: It is mostly advertising and lacks practical applications in daily life.
2. High risk: its price can fluctuate wildly and depend on Trump's popularity or political performance.
3. Lack of official supervision: It may fall into the category of low-credit projects and there is a risk of fraud.
Important note: Before investing in any cryptocurrency, you should do thorough research and be aware of the associated risk
Today Bitcoin recorded its highest price, Bitcoin is 109 thousand dollars, wait in this market, luck will follow you, absolute wealth belongs to those who wait in this market
#Binance #Aptos A Spanish bank has decided to allocate 2% of its assets to the exchange-traded product (ETP) Staking Aptos. This news was announced by Hunter Horsley, CEO of Bitwise. He stated that the adoption of digital currencies is increasing with the entry of informed investors in traditional financial institutions. This investment was made through one of the bank's funds and the name of the bank has not been revealed yet.
In November, Bitwise launched the first Aptos staking ETP on the Swiss exchange. This product is designed with an expected return of 4.7% through staking Aptos APT tokens. However, the price of Aptos has not increased significantly and has grown only 1.4% in the last week.
This action shows the increase of trust of traditional financial institutions in digital currencies and is considered an important step towards the wider acceptance of these assets.
Get enough information before investing
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According to Reuters: "Now: 🇺🇸 President-elect Trump is preparing the US Securities and Exchange Commission (SEC) to review policies related to digital currencies and the possibility of a temporary suspension of enforcement.$BTC $ETH $XRP
Ethereum was proposed by Vitalik Buterin and his team in 2013 and launched in 2015 for several reasons:
Promotion of smart contracts: One of the main goals of Ethereum was to create a platform for the execution of smart contracts. Smart contracts are computer codes that run automatically and can perform transactions without the need for trusted intermediaries. Development of Decentralized Applications (DApps): Ethereum provides a platform for developing decentralized applications that run on the blockchain. These applications can use blockchain technology to provide services such as digital assets, games, voting systems and many others. Fixing Bitcoin's limitations: Vitalik Buterin, the founder of Ethereum, sought to remove the limitations of the Bitcoin scripting language. He felt that Bitcoin was limited for applications beyond a digital currency. With its complete Turing Virtual Machine (EVM), Ethereum made it possible to run more complex applications. Creating a Decentralized Ecosystem: Ethereum was proposed as a platform for creating a decentralized financial ecosystem (DeFi) and other decentralized applications. This allowed users to access financial services without the need for centralized institutions, such as banks. Standard tokens: Ethereum introduced standards such as ERC-20 for the creation and management of new tokens, which allowed developers to easily create their own tokens for different projects.
These reasons and goals made Ethereum one of the key platforms in the world of blockchain and digital currencies.
#bitcoin #ETH #Blockchain #sanor016CommUNITY #Sanore016 Why? Blockchain To Existence Came Blockchain was created to solve several challenges and limitations associated with traditional financial and data systems. The main reasons for creating blockchain are:
Elimination of intermediaries: To reduce transaction costs and time by eliminating the need for central institutions such as banks. Increased transparency and trust: By creating a public ledger where everyone can view transactions, trust between parties increases. Security: By using cryptography and consensus mechanisms, it becomes very difficult to change data after it is recorded in the blockchain. Distributed and Decentralized: To create a system that is managed by a network of users rather than controlled by a central entity. Global access: so that people without access to traditional banking services can participate in the global economy. Smart contracts: The development of blockchains such as Ethereum led to the creation of automatically executed contracts, which increased the efficiency and trust of contracts.
Blockchain was created with the aim of creating a safe, transparent, efficient financial and data system without the need to trust intermediaries. This technology was recognized as the first practical application of blockchain with the introduction of Bitcoin in 2009, but since then its applications have expanded significantly
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