currency powered by blockchain technology. The framework is decentralized, so no major entity/body controls the currency. Bitcoin was the first blockchain and digital currency. Currently, there are about 8,000-9,000 digital currencies, and growing.
The user accesses his digital currency and performs transactions via a wallet. Each wallet contains a unique ID, username or personal details that do not appear on the blockchain. Blockchain is a network of distributed databases that store digital currency data. You can develop your own blockchain or use an existing one.
Cryptocurrencies are exempt from central authorities such as governments and central banks. They have a total market capitalization of about $2 trillion, which indicates the significant development that has occurred in the field of cryptocurrencies over the years.
🔥 Chief Analyst, Michael van de Poppe participated. Expert opinions on key topics and where #BTC prices could go based on the impact of Bitcoin spot funds #etf now trading in the US market and the halving event #Halving 🔥 Michael Van de Poppe did not stop expressing his confidence in the possibility of the price of Bitcoin rising to the range of $250,000 to $600,000. 🔥 In addition, the analyst believes that the current market cycle may not end until 2026 or 2027. The Spot Bitcoin ETF will then be priced 🔥 We note here that many other market experts such as Samson Mow are equally optimistic, indicating a possible jump in the price of Bitcoin to above $100,000 in the future. #Write2Earn
Digital currencies are digital or virtual assets that utilize cryptography for secure transactions and control the creation of new units. Bitcoin, the first successful cryptocurrency, paved the way for numerous alternatives like Ethereum and Ripple. Digital currencies can be used for online payments, investment, and efficient value exchange. The market is characterized by high volatility, influenced by factors such as supply and demand, technological developments, and government regulations. #Binance_Launchpool #Bitcoin #cryptohup #CryptoPredictions2024 #btc🔥🔥🔥
🔥 All cryptocurrency traders were waiting today for the US Federal Reserve Chairman’s speech before Congress about stable digital currencies, and #Bitcoin witnessed good increases after his statements. This is a summary and most important thing that Jerome Powell said👇 🟢 Politico reported that US Federal Reserve Chairman Jerome Powell told House Democrats that the US needs a legislative framework for stablecoins. 🟢 In his closed-door meeting Tuesday with Democrats on the House Financial Services Committee, he reportedly said he was glad negotiations were “close” on stablecoin legislation, Politico reported, citing a person who was there. 🟢 Powell also said that congressional approval would be required for any central bank digital currency before the Fed would act on it. 🟢 Powell explained in his meeting with the Financial Services Committee: “We need a framework for digital stablecoins and I am very supportive and pleased that we are close to achieving this.” 🟢 Powell's engagement with lawmakers underscores the Fed's commitment to strong oversight in developing regulations for stablecoins and central bank digital currencies. “If we want to have a central bank digital currency, Congress must authorize it,” he said on the subject of central bank digital currencies (CBDC), according to Politico. With these statements, what we were saying a month ago about the goal of $100,000 for #btc🔥🔥🔥 is confirmed. 🔥 Link to register on the Binance platform 👇 www.binance.com #Write2Earn