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eci

Crypto enthusiast ๐Ÿš€๐Ÿš€๐Ÿš€
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On-chain data provider Arkham Intelligence is starting a marketplace that will allow people to buy and sell on-chain crypto data. ๐Ÿ‘พ The marketplace, named Arkham Intel Exchange, will have a native token (ARKM) designed to โ€œremove blockchain anonymity.โ€ ๐Ÿ‘พ This token will be on Binance Launchpad with 50 million tokens being sold, which is equivalent to 5% of the total supply. Users can purchase ARKM from July 11 - 17. ๐Ÿ‘พ Arkham uses a reward mechanism that allows users to post โ€œrewardsโ€ for searched data. Blockchain researchers and investigators can search for and provide information in exchange for initial promised rewards. ๐Ÿ‘พ Arkham wants to fight the spread of crypto attacks by incentivizing on-chain research. #arkm #Binance #crypto
On-chain data provider Arkham Intelligence is starting a marketplace that will allow people to buy and sell on-chain crypto data.

๐Ÿ‘พ The marketplace, named Arkham Intel Exchange, will have a native token (ARKM) designed to โ€œremove blockchain anonymity.โ€

๐Ÿ‘พ This token will be on Binance Launchpad with 50 million tokens being sold, which is equivalent to 5% of the total supply. Users can purchase ARKM from July 11 - 17.

๐Ÿ‘พ Arkham uses a reward mechanism that allows users to post โ€œrewardsโ€ for searched data. Blockchain researchers and investigators can search for and provide information in exchange for initial promised rewards.

๐Ÿ‘พ Arkham wants to fight the spread of crypto attacks by incentivizing on-chain research.

#arkm #Binance #crypto
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Which countries use Binance the most in 2023? Letโ€™s delve into the data: 1. ๐Ÿ‡ฎ๐Ÿ‡ณ India: 9.1 million website traffic 2. ๐Ÿ‡ท๐Ÿ‡บ Russian Federation: 7.5 million website traffic 3. ๐Ÿ‡น๐Ÿ‡ท Turkey: 4.7 million website traffic 4. ๐Ÿ‡บ๐Ÿ‡ธ United States: 3.7 million website traffic 5. ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom: 3.5 million website traffic Source: semrush.com Is your country mentioned above? #Binance #crypto
Which countries use Binance the most in 2023?

Letโ€™s delve into the data:

1. ๐Ÿ‡ฎ๐Ÿ‡ณ India: 9.1 million website traffic
2. ๐Ÿ‡ท๐Ÿ‡บ Russian Federation: 7.5 million website traffic
3. ๐Ÿ‡น๐Ÿ‡ท Turkey: 4.7 million website traffic
4. ๐Ÿ‡บ๐Ÿ‡ธ United States: 3.7 million website traffic
5. ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom: 3.5 million website traffic
Source: semrush.com

Is your country mentioned above?

#Binance #crypto
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Rugpull is a serious risk in crypto investing. Here are some ways to avoid it: 1๏ธโƒฃ In-depth Research: Do thorough research on the project and its team before investing. Review whitepapers, roadmaps, and previous successes 2๏ธโƒฃ Review Open Source Code: Check the project source code on platforms like GitHub. This helps ensure project security and transparency 3๏ธโƒฃ Market Analysis: Review the market conditions and trading volume of the project. If there are suspicious price fluctuations or low liquidity, it could be a red flag 5๏ธโƒฃ Use Trusted Exchanges: Trade only on trusted and well-known exchanges that have a good reputation for safeguarding assets and fighting fraud, such as Binance #Binance #rugpull #dyor
Rugpull is a serious risk in crypto investing. Here are some ways to avoid it:

1๏ธโƒฃ In-depth Research: Do thorough research on the project and its team before investing. Review whitepapers, roadmaps, and previous successes
2๏ธโƒฃ Review Open Source Code: Check the project source code on platforms like GitHub. This helps ensure project security and transparency
3๏ธโƒฃ Market Analysis: Review the market conditions and trading volume of the project. If there are suspicious price fluctuations or low liquidity, it could be a red flag
5๏ธโƒฃ Use Trusted Exchanges: Trade only on trusted and well-known exchanges that have a good reputation for safeguarding assets and fighting fraud, such as Binance

#Binance #rugpull #dyor
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BAYC NFT floor price drops 90% from $600,000 in 18 months ๐Ÿ˜ฑ ๐Ÿฆ BAYC NFTs, a collection of 10,000 unique Bored Ape NFTs, have been heavily impacted by the current bear market conditions, which can be traced back to last year. BAYC's NFT floor price, which once soared to $600,000 in 2021, is now down more than 90%. ๐Ÿฆ According to analysis from OpenSea, an NFT marketplace, BAYC has a floor price of 36.5 ETH, slightly higher than the 27.6 ETH recorded in early July when it hit a yearly low. #bayc #nfts
BAYC NFT floor price drops 90% from $600,000 in 18 months ๐Ÿ˜ฑ

๐Ÿฆ BAYC NFTs, a collection of 10,000 unique Bored Ape NFTs, have been heavily impacted by the current bear market conditions, which can be traced back to last year. BAYC's NFT floor price, which once soared to $600,000 in 2021, is now down more than 90%.

๐Ÿฆ According to analysis from OpenSea, an NFT marketplace, BAYC has a floor price of 36.5 ETH, slightly higher than the 27.6 ETH recorded in early July when it hit a yearly low.

#bayc #nfts
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Google says that their AI called โ€˜Geminiโ€™ will be more powerful than ChatGPT ๐Ÿง  ๐Ÿ‘€ The CEO of Google's AI company DeepMind said that the company's upcoming AI system will be โ€œmore capableโ€ than OpenAI's ChatGPT. ๐Ÿ‘€ According to a report from Wired, Demis Hassabis, CEO of DeepMind, said that their company's Gemini AI is a large language model (LLM) that uses text similar to the ChatGPT process, but will be equipped with new capabilities such as planning or problem solving. #googleai #chatGPT-4
Google says that their AI called โ€˜Geminiโ€™ will be more powerful than ChatGPT ๐Ÿง 

๐Ÿ‘€ The CEO of Google's AI company DeepMind said that the company's upcoming AI system will be โ€œmore capableโ€ than OpenAI's ChatGPT.

๐Ÿ‘€ According to a report from Wired, Demis Hassabis, CEO of DeepMind, said that their company's Gemini AI is a large language model (LLM) that uses text similar to the ChatGPT process, but will be equipped with new capabilities such as planning or problem solving.

#googleai #chatGPT-4
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2020 Twitter Hacker Sentenced to 5 Years for Crypto Theft and SIM Swapping Scheme ๐Ÿซฃ A British man who made around $900,000 in a Twitter hack attack and SIM swapping scheme received a 5-year sentence from a federal judge on Friday, as reported by Inner City Press. Oโ€™Connor, also known by the name, PlugWalkJoe, orchestrated a Twitter hack attack in 2020, hacking high-profile accounts on the platform (including CoinDesk) and using them to promote the #bitcoin bounty fraud scheme. He made $103,960 from the scheme. Oโ€™Connor also pleaded guilty to his involvement in a SIM swapping attack targeting high-profile executives in the crypto industry, with theft amounting to $794,000 in digital currency. #hackers #twitter
2020 Twitter Hacker Sentenced to 5 Years for Crypto Theft and SIM Swapping Scheme ๐Ÿซฃ

A British man who made around $900,000 in a Twitter hack attack and SIM swapping scheme received a 5-year sentence from a federal judge on Friday, as reported by Inner City Press.

Oโ€™Connor, also known by the name, PlugWalkJoe, orchestrated a Twitter hack attack in 2020, hacking high-profile accounts on the platform (including CoinDesk) and using them to promote the #bitcoin bounty fraud scheme. He made $103,960 from the scheme.

Oโ€™Connor also pleaded guilty to his involvement in a SIM swapping attack targeting high-profile executives in the crypto industry, with theft amounting to $794,000 in digital currency.

#hackers #twitter
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Bitcoin prices were hovering around $30,000 on major exchanges, but suddenly spiked to $138,000 yesterday on Binance US. ๐Ÿš€ Volatility and market volatility are commonplace among crypto traders, but it's not every day that we see the price of Bitcoin soaring 450%. ๐Ÿš€ The move only occurred on Binance US โ€“ an exchange that is experiencing some serious difficulties and has seen a drop in market depth of around 80%. ๐Ÿš€ Therefore, the spike is a consequence of thin liquidity on the exchange, especially in the BTC-USDT market pair. #BTC #bitcoin
Bitcoin prices were hovering around $30,000 on major exchanges, but suddenly spiked to $138,000 yesterday on Binance US.

๐Ÿš€ Volatility and market volatility are commonplace among crypto traders, but it's not every day that we see the price of Bitcoin soaring 450%.

๐Ÿš€ The move only occurred on Binance US โ€“ an exchange that is experiencing some serious difficulties and has seen a drop in market depth of around 80%.

๐Ÿš€ Therefore, the spike is a consequence of thin liquidity on the exchange, especially in the BTC-USDT market pair.

#BTC #bitcoin
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Competition to launch Bitcoin ETFs is getting intense in the US, with Invesco and WisdomTree filing applications with the SEC for their respective Bitcoin ETFs. On Tuesday, WisdomTree filed for the WisdomTree Bitcoin Trust, seeking SEC permission to list their funds on the Cboe BZX Exchange under the ticker โ€œBTCW.โ€ The asset management firm has assets worth $83 billion, and has previously applied for a Bitcoin ETF twice. Its first application was rejected by the SEC in December 2021. Its second application was also rejected in October 2022, with the financial regulator expressing similar concerns regarding fraud and market manipulation. #BTC #bitcoin #SEC
Competition to launch Bitcoin ETFs is getting intense in the US, with Invesco and WisdomTree filing applications with the SEC for their respective Bitcoin ETFs.

On Tuesday, WisdomTree filed for the WisdomTree Bitcoin Trust, seeking SEC permission to list their funds on the Cboe BZX Exchange under the ticker โ€œBTCW.โ€

The asset management firm has assets worth $83 billion, and has previously applied for a Bitcoin ETF twice. Its first application was rejected by the SEC in December 2021. Its second application was also rejected in October 2022, with the financial regulator expressing similar concerns regarding fraud and market manipulation.

#BTC #bitcoin #SEC
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Bullish
Alibaba announced on Tuesday that Joseph Tsai, one of its founders, will become Chairman starting in September ๐Ÿ‘€ Mr. Tsai first expressed interest in Web3 in December 2021 with a short tweet: โ€œI love crypto.โ€ At that time, Mr. Tsai did not explain what he meant in the tweet, but a year later, he became an active investor in the Web3 industry. Tsai was involved in investments such as: Polygonโ€™s February 2022 round, Web3 fantasy sports platform Fast Break Labs fundraise, and NFT platform Artifact Labs May 2023 round. #web3.0 #crypto
Alibaba announced on Tuesday that Joseph Tsai, one of its founders, will become Chairman starting in September ๐Ÿ‘€

Mr. Tsai first expressed interest in Web3 in December 2021 with a short tweet: โ€œI love crypto.โ€

At that time, Mr. Tsai did not explain what he meant in the tweet, but a year later, he became an active investor in the Web3 industry.

Tsai was involved in investments such as: Polygonโ€™s February 2022 round, Web3 fantasy sports platform Fast Break Labs fundraise, and NFT platform Artifact Labs May 2023 round.

#web3.0 #crypto
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Binance will activate the Bitcoin Lightning Network designed to make Bitcoin (BTC) transactions faster and cheaper โšก๏ธ ๐ŸŒฉ๏ธ โ€œBinance is working to integrate the Bitcoin Lightning Network for deposits and withdrawals,โ€ Binance tweeted on Tuesday. ๐ŸŒฉ๏ธ This step was taken after Binance promised to add support for the Bitcoin Lightning Network in early May. ๐ŸŒฉ๏ธ Lightning Network is a layer-2 protocol built on top of Bitcoin to address scalability issues. This allows for faster and cheaper transactions. ๐ŸŒฉ๏ธ Bitcoin Lightning Network has no transaction per second (TPS) limit. One channel in the network can process more than 250 TPS, and there is no limit to the number of channels that can join this network. #Binance #bitcoin #BTC
Binance will activate the Bitcoin Lightning Network designed to make Bitcoin (BTC) transactions faster and cheaper โšก๏ธ

๐ŸŒฉ๏ธ โ€œBinance is working to integrate the Bitcoin Lightning Network for deposits and withdrawals,โ€ Binance tweeted on Tuesday.

๐ŸŒฉ๏ธ This step was taken after Binance promised to add support for the Bitcoin Lightning Network in early May.

๐ŸŒฉ๏ธ Lightning Network is a layer-2 protocol built on top of Bitcoin to address scalability issues. This allows for faster and cheaper transactions.

๐ŸŒฉ๏ธ Bitcoin Lightning Network has no transaction per second (TPS) limit. One channel in the network can process more than 250 TPS, and there is no limit to the number of channels that can join this network.

#Binance #bitcoin #BTC
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The developers of #Ethereum propose to increase the validator limit to 2,048 ETH from 32 ETH ๐Ÿง Now you only need 32 ETH to become a validator, so there is a lot of interest. This means users have to wait more than a month (44 days) to run a validator node on Ethereum (almost 30 days more than in May). Due to this, the developers proposed to increase the validator limit from 32 ETH to 2,048 ETH (an increase of 6,300%) ๐Ÿคฏ This high demand probably comes from the high number of holders who want to get passive income from the #ETH they own. By starting a validator node on Ethereum, they can earn an annual income of around 5%.
The developers of #Ethereum propose to increase the validator limit to 2,048 ETH from 32 ETH ๐Ÿง

Now you only need 32 ETH to become a validator, so there is a lot of interest. This means users have to wait more than a month (44 days) to run a validator node on Ethereum (almost 30 days more than in May).

Due to this, the developers proposed to increase the validator limit from 32 ETH to 2,048 ETH (an increase of 6,300%) ๐Ÿคฏ

This high demand probably comes from the high number of holders who want to get passive income from the #ETH they own. By starting a validator node on Ethereum, they can earn an annual income of around 5%.
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The Hard Facts of Daily Crypto Trading ๐Ÿ’ธ 1๏ธโƒฃ Daily Crypto Trading Does Not Guarantee Monthly Income Even the best traders are not guaranteed to continue making profits. The crypto market is difficult to predict. Daily trading results are a combination of profits and losses, which can be higher or lower than the initial margin. 2๏ธโƒฃ You can lose your entire balance just because of a small mistake Due to high market volatility, small mistakes such as not setting stop-loss and take-profit correctly, can make you lose all your profits and balance. 3๏ธโƒฃ Most Day Traders Give Up in the First Year Day trading is challenging, and most traders give up within the first year. One of the reasons is because they have unrealistic expectations because they believe they will get profits quickly and easily.
The Hard Facts of Daily Crypto Trading ๐Ÿ’ธ

1๏ธโƒฃ Daily Crypto Trading Does Not Guarantee Monthly Income
Even the best traders are not guaranteed to continue making profits. The crypto market is difficult to predict. Daily trading results are a combination of profits and losses, which can be higher or lower than the initial margin.

2๏ธโƒฃ You can lose your entire balance just because of a small mistake
Due to high market volatility, small mistakes such as not setting stop-loss and take-profit correctly, can make you lose all your profits and balance.

3๏ธโƒฃ Most Day Traders Give Up in the First Year
Day trading is challenging, and most traders give up within the first year. One of the reasons is because they have unrealistic expectations because they believe they will get profits quickly and easily.
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Cyberport Hong Kong, a technology business park backed by the Hong Kong government, has attracted more than 150 Web 3.0 companies in the past year, according to the city's financial secretary, Paul Chan ๐Ÿ‡ญ๐Ÿ‡ฐ ๐Ÿš€ Chan said he had allocated HK$50 million (US$6.39 million) specifically for Cyberport to attract Web3 companies and encourage the development of the technology. ๐Ÿš€ Cyberport currently has more than 1,900 digital technology companies operating or registered there, including Hashkey Group, a licensed cryptocurrency exchange; Animoca Brands, venture capital and Web3 games developer; and Consensys, the Ethereum software company that developed the MetaMask crypto wallet. #hongkong #crypto2023
Cyberport Hong Kong, a technology business park backed by the Hong Kong government, has attracted more than 150 Web 3.0 companies in the past year, according to the city's financial secretary, Paul Chan ๐Ÿ‡ญ๐Ÿ‡ฐ

๐Ÿš€ Chan said he had allocated HK$50 million (US$6.39 million) specifically for Cyberport to attract Web3 companies and encourage the development of the technology.

๐Ÿš€ Cyberport currently has more than 1,900 digital technology companies operating or registered there, including Hashkey Group, a licensed cryptocurrency exchange; Animoca Brands, venture capital and Web3 games developer; and Consensys, the Ethereum software company that developed the MetaMask crypto wallet.

#hongkong #crypto2023
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Bullish
Indonesian Crypto Investors Reach 17.25 Million in April 2023 ๐Ÿš€ ๐Ÿ‡ฎ๐Ÿ‡ฉ The latest data shows that the number of crypto investors in Indonesia has reached 17.25 million people in April 2023. According to a report from the Commodity Futures Trading Supervisory Agency (Bappebti), this figure has increased by 11,000 people, up 0.64 percent compared to March 2023 which reaching 17.14 million people. ๐Ÿ‡ฎ๐Ÿ‡ฉ If seen on an annual basis, there was an increase of around 3.52 million people or 25.64 percent from April 2022 which recorded 13.73 million people. ๐Ÿ‡ฎ๐Ÿ‡ฉ "Even though the transaction value has fallen, the number of customers has increased. This shows that interest in crypto assets has indeed experienced a very extraordinary increase," said the Head of CoFTRA, Didid Noordiatmoko, in a written statement. #indonesia #news
Indonesian Crypto Investors Reach 17.25 Million in April 2023 ๐Ÿš€

๐Ÿ‡ฎ๐Ÿ‡ฉ The latest data shows that the number of crypto investors in Indonesia has reached 17.25 million people in April 2023. According to a report from the Commodity Futures Trading Supervisory Agency (Bappebti), this figure has increased by 11,000 people, up 0.64 percent compared to March 2023 which reaching 17.14 million people.

๐Ÿ‡ฎ๐Ÿ‡ฉ If seen on an annual basis, there was an increase of around 3.52 million people or 25.64 percent from April 2022 which recorded 13.73 million people.

๐Ÿ‡ฎ๐Ÿ‡ฉ "Even though the transaction value has fallen, the number of customers has increased. This shows that interest in crypto assets has indeed experienced a very extraordinary increase," said the Head of CoFTRA, Didid Noordiatmoko, in a written statement.

#indonesia #news
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Do Kwon Claims That He Didn't Know That His Passport Was Fake ๐Ÿ‘€ ๐Ÿ›‚ Do Kwon, who was recently arrested in Montenegro after successfully evading authorities for several months, claims that he did not know that the Costa Rican passport he used to travel was fake. ๐Ÿ›‚ During a hearing at the Podorica Court, Montenegro, on June 16, Kwon explained that he got the Costa Rican passport from an agency in Singapore โ€œrecommended by a friend.โ€ ๐Ÿ›‚ โ€œI've traveled all over the world with my Costa Rican passport. If I knew the passport was fake, I wouldn't have traveled to many countries.โ€ Do Kwon said. #dokwon #news
Do Kwon Claims That He Didn't Know That His Passport Was Fake ๐Ÿ‘€

๐Ÿ›‚ Do Kwon, who was recently arrested in Montenegro after successfully evading authorities for several months, claims that he did not know that the Costa Rican passport he used to travel was fake.

๐Ÿ›‚ During a hearing at the Podorica Court, Montenegro, on June 16, Kwon explained that he got the Costa Rican passport from an agency in Singapore โ€œrecommended by a friend.โ€

๐Ÿ›‚ โ€œI've traveled all over the world with my Costa Rican passport. If I knew the passport was fake, I wouldn't have traveled to many countries.โ€ Do Kwon said.

#dokwon #news
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Bullish
Wow! Cardano Founders Go on an Adventure in Search of Alien Technology on a Sea Expedition! ๐Ÿ‘ฝ ๐Ÿ›ธ Charles Hoskinson, founder of Cardano, has embarked on a revolutionary sea expedition with a team of scientists searching for potential alien technology. Hoskinson generously funded and accompanied scientists in their efforts to retrieve fragments from a mysterious object that fell into the Pacific Ocean in 2014. ๐Ÿ›ธ The expedition kicked off earlier this week, with Hoskinson's private jet transporting the team from the United States to Australia. ๐Ÿ›ธ โ€œReady for the next catch. Wish us luck,โ€ Hoskinson said in a tweet today. Cheers Mr Hoskinson!! ๐Ÿฅณ #ada #charleshoskinson #cardano
Wow! Cardano Founders Go on an Adventure in Search of Alien Technology on a Sea Expedition! ๐Ÿ‘ฝ

๐Ÿ›ธ Charles Hoskinson, founder of Cardano, has embarked on a revolutionary sea expedition with a team of scientists searching for potential alien technology. Hoskinson generously funded and accompanied scientists in their efforts to retrieve fragments from a mysterious object that fell into the Pacific Ocean in 2014.

๐Ÿ›ธ The expedition kicked off earlier this week, with Hoskinson's private jet transporting the team from the United States to Australia.

๐Ÿ›ธ โ€œReady for the next catch. Wish us luck,โ€ Hoskinson said in a tweet today.

Cheers Mr Hoskinson!! ๐Ÿฅณ

#ada #charleshoskinson #cardano
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Bullish
The following are the TOP 5 altcoins that experienced the biggest increase in the cryptocurrency market over the last 7 days (Period: 10-16 June 2023). The 5 cryptocurrencies that have stolen the attention of the crypto news and market this week because they have experienced quite large increases are: 1๏ธโƒฃ Kaspa (KAS) experienced an increase of 30.3% 2๏ธโƒฃ Beldex (BDX) experienced an increase of 10.0% 3๏ธโƒฃ KuCoin (KCS) experienced an increase of 7.0% 4๏ธโƒฃ tomiNet (TOMI) experienced an increase of 6.6% 5๏ธโƒฃ Maker (MKR) experienced an increase of 4.0% #cryptotrading #altseason
The following are the TOP 5 altcoins that experienced the biggest increase in the cryptocurrency market over the last 7 days (Period: 10-16 June 2023).

The 5 cryptocurrencies that have stolen the attention of the crypto news and market this week because they have experienced quite large increases are:

1๏ธโƒฃ Kaspa (KAS) experienced an increase of 30.3%
2๏ธโƒฃ Beldex (BDX) experienced an increase of 10.0%
3๏ธโƒฃ KuCoin (KCS) experienced an increase of 7.0%
4๏ธโƒฃ tomiNet (TOMI) experienced an increase of 6.6%
5๏ธโƒฃ Maker (MKR) experienced an increase of 4.0%

#cryptotrading #altseason
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Binance ๐Ÿ†š SEC update: ๐Ÿ‘‰๐Ÿผ Binance and the SEC agreed to allow only US employees to access customer funds. ๐Ÿ‘‰๐Ÿผ Binance, Binance.US and US securities regulators have agreed to ensure that only Binance.US employees can access customer funds in the short term, according to court documents. ๐Ÿ‘‰๐Ÿผ Under the agreement, which still needs to be approved by the federal judge overseeing the case, Binance.US will take steps to ensure that no Binance Holdings officials have access to private keys for various wallets, hardware wallets, or root access to Amazon Web Services Binance.US tools, as shown in the filings. #Binance #SEC
Binance ๐Ÿ†š SEC update:

๐Ÿ‘‰๐Ÿผ Binance and the SEC agreed to allow only US employees to access customer funds.

๐Ÿ‘‰๐Ÿผ Binance, Binance.US and US securities regulators have agreed to ensure that only Binance.US employees can access customer funds in the short term, according to court documents.

๐Ÿ‘‰๐Ÿผ Under the agreement, which still needs to be approved by the federal judge overseeing the case, Binance.US will take steps to ensure that no Binance Holdings officials have access to private keys for various wallets, hardware wallets, or root access to Amazon Web Services Binance.US tools, as shown in the filings.

#Binance #SEC
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What is Fiat Currency? ๐Ÿค” The term fiat means an order or an official decision. So, if a currency is created by an official decision from the government, it can be said that the currency is created by fiat. This statement is even on banknotes in various countries. For example, in the Rupiah it is written "By the grace of God Almighty, the unitary state of the Republic of Indonesia issued the Rupiah as a legal means of payment with value." In US Dollars it is written "This note is legal tender for all debts, public and private." This is proof that the currency is fiat. FYI: Currencies like the US Dollar are initially backed by reserve assets like gold and silver. This system is called The Gold Standard. But in the 1930s, America decided to leave the system and ended international conversion in 1971. #fiat #edu
What is Fiat Currency? ๐Ÿค”

The term fiat means an order or an official decision. So, if a currency is created by an official decision from the government, it can be said that the currency is created by fiat.

This statement is even on banknotes in various countries. For example, in the Rupiah it is written "By the grace of God Almighty, the unitary state of the Republic of Indonesia issued the Rupiah as a legal means of payment with value."

In US Dollars it is written "This note is legal tender for all debts, public and private." This is proof that the currency is fiat.

FYI: Currencies like the US Dollar are initially backed by reserve assets like gold and silver. This system is called The Gold Standard. But in the 1930s, America decided to leave the system and ended international conversion in 1971.

#fiat #edu
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Top 4 Pemilik Bitcoin Terbanyak di Dunia: 1๏ธโƒฃ Satoshi Nakamoto: ~1.1 juta BTC 2๏ธโƒฃ Cameron and Tyler Winklevoss: 70,000 BTC 3๏ธโƒฃ Tim Draper: 29,000 BTC 4๏ธโƒฃ Michael J. Saylor: 17,732 BTC Top 3 Perusahan Pemilik Bitcoin Terbanyak di Dunia: 1๏ธโƒฃ MicroStrategy: 130,000 BTC 2๏ธโƒฃ Galaxy Digital Holdings: ~40,000 BTC 3๏ธโƒฃ Tesla, Inc: ~10,725 BTC Ada nama kamu ngga? ๐Ÿ˜ฌ #bitcoin #BTC
Top 4 Pemilik Bitcoin Terbanyak di Dunia:

1๏ธโƒฃ Satoshi Nakamoto: ~1.1 juta BTC
2๏ธโƒฃ Cameron and Tyler Winklevoss: 70,000 BTC
3๏ธโƒฃ Tim Draper: 29,000 BTC
4๏ธโƒฃ Michael J. Saylor: 17,732 BTC

Top 3 Perusahan Pemilik Bitcoin Terbanyak di Dunia:

1๏ธโƒฃ MicroStrategy: 130,000 BTC
2๏ธโƒฃ Galaxy Digital Holdings: ~40,000 BTC
3๏ธโƒฃ Tesla, Inc: ~10,725 BTC

Ada nama kamu ngga? ๐Ÿ˜ฌ

#bitcoin #BTC
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