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Summary of 30 Days

USDC Currency

The US Dollar Coin (in English: USD Coin) with the symbol (USDC) is a stable cryptocurrency linked to the US dollar. The US Dollar Coin was first announced on May 15, 2018, by Circle, and was launched in September of 2018.
The currency is managed by an alliance called Centre, founded by Circle and includes members from cryptocurrency exchanges, the Coinbase platform, and a Bitcoin mining company called Bitmain. The US Dollar Coin is issued by a private entity and should not be confused with Central Bank Digital Currency (CBDC).
As for the difference between USDC and USDT, if you are looking for liquidity and fast trading on platforms, USDT is the common choice. If you care about transparency and legal compliance, USDC is the safer option. Both currencies have a strong presence in the cryptocurrency market and can be used based on your needs and priorities.

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What are your predictions for where the currency #resolve is headed

Ethereum's leverage reaches an all-time high
Ethereum
ETHUSD
is making headlines as the bets supported by financial facilitation and institutional inflows converge. This synergy has pushed the network's futures market to new levels.
Analysts are monitoring Ethereum amid talks of an altcoin summer, with ETH positioned as a potential frontrunner.

According to blockchain analytics firm Glassnode, the open interest for Ethereum futures has reached an all-time high (ATH), surpassing $20 billion, even as the spot price of ETH remains below $2,800.

"The open interest in Ethereum futures (cash-settled) has just reached an all-time high — surpassing $20 billion… Leverage continues to build as traders load contracts using stablecoins," Glassnode wrote in a post.
Glassnode's statements come just two days after CryptoQuant analysts highlighted that the open interest in Ethereum futures had previously peaked at 7.17 million ETH. Thus, this extension indicates a continued appetite for speculative positions.
The general consensus among analysts is that Ethereum may be a clear choice at the moment, with the potential for prevailing narratives around it to continue building as positive sentiment grows.#eth

Stable Coins

Stable coins are a type of cryptocurrency that are designed to have a stable value linked to fixed assets, such as traditional fiat currencies or gold, making them more stable and less volatile in the market compared to traditional cryptocurrencies like Bitcoin. Some prominent examples of stable digital currencies include Tether and Binance USD.
Virtual Currencies
Virtual currencies are a type of unregulated digital currency; they are not subject to specific laws, a central authority, or a particular regulatory body. Only their developers issue and control them, and they are used by members of a virtual community or in electronic games.
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Types of Digital Currencies:
There are four main types of digital currencies, which are as follows:
Cryptocurrencies
First, it can be said that all cryptocurrencies are digital currencies; however, not all digital currencies are cryptocurrencies. This is because cryptocurrencies rely on blockchain technology, which is simply like an encrypted database that allows users to create a reliable record of their transaction data and complete it directly between the two parties in the transaction; the sender and the receiver, for example, without the need for a third-party overseer, making it secure and largely protected from tampering or fraud.
Among the most prominent examples of cryptocurrencies are Bitcoin, which was launched in 2009, and is the first and most widely known cryptocurrency to date, followed by Ethereum and Litecoin.

Type Two: Central Bank Digital Currencies.
Type Three: Stablecoins.
Type Four: Virtual Currencies.
We will elaborate on each type in upcoming posts.

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Cryptocurrencies.. A Financial Revolution or an Economic Bubble?

Cryptocurrencies, such as Bitcoin, represent a revolutionary shift in the financial world, as they limit the traditional role played by banks and financial institutions in managing transactions. But how does this impact the traditional financial system?
Let’s review the main differences between the two systems.
*Financial Independence and Direct Control Over Funds
In the traditional financial system:
1- Banks and financial institutions control money trading operations, as all transactions are conducted through these entities.
2- Sending money to another person requires resorting to a financial intermediary, such as a bank, to complete the transaction.
In digital transactions:
1- Money is transferred directly between individuals over the internet using blockchain technology, without the need for a financial intermediary.
Blockchain is known as a shared distributed database among network devices, where each device is called a "Node" and information is stored distributed across multiple "Nodes" simultaneously.
2- Cryptocurrencies give users complete control over their funds, eliminating the need to rely on banks or financial institutions to execute transactions.
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