Ratul 2 G ff ID M

#BinanceTurns8 j

#BinanceTurns8
Join

#BinanceTurns8 join

#BinanceTurns8 hi

#BinanceTurns8

Join now

#BinanceTurns8

পড়ন্ত

#BinanceTurns8

Join now

#BinanceTurns8

Everyone join new

$USDC

*USDC (USD Coin)* is a type of *stablecoin*, a digital currency designed to maintain a stable value by being pegged to a reserve asset, in this case, the *U.S. Dollar*. Here's a history of USDC, how it came about, and its role in the cryptocurrency ecosystem:

1. *The Birth of Stablecoins*
Before diving into USDC’s history, it's helpful to understand the rise of *stablecoins* in general. Stablecoins were created to address the volatility issues seen in cryptocurrencies like Bitcoin and Ethereum. These coins are often pegged to fiat currencies (like the U.S. Dollar) or other assets, allowing users to have a digital currency that doesn’t fluctuate wildly in price.

*Tether (USDT)*, created in *2014*, was the first widely used stablecoin and remains the most prominent one. USDT is pegged 1:1 to the U.S. Dollar. While Tether's popularity grew, concerns about its transparency and the backing of its reserves led to the creation of more stablecoins with a focus on transparency and regulation.

2. *The Creation of USDC (2018)*

#WhiteHouseCryptoSummit

#USCryproReserve

The history of coins, as a form of currency, goes back thousands of years. Coins have evolved from simple metal objects into highly sophisticated and secure forms of money used globally. Here's a broad overview of the *history of coins*:

1. *Pre-Coinage: Barter and Commodity Money (Before 600 BCE)*

Before the invention of coins, human societies relied on *barter systems*—exchanging goods and services directly. However, as societies grew more complex, the limitations of barter became apparent (you need to find someone who wants what you have, and vice versa). This led to the use of *commodity money*—items that had intrinsic value. Early forms of commodity money included:

- *Cattle* or *livestock*.
- *Grain* or *food*.
- *Shells*, particularly *cowry shells*, which were widely used in Africa, Asia, and the Pacific.
- *Metal objects* like copper, gold, and silver ingots, as these materials were valuable and durable.

2. *The Invention of Coins (Around 600 BCE)*

Coins are believed to have been first introduced in *Lydia* (modern-day Turkey) around *600 BCE*. The Lydians were the first to strike coins made from a mixture of gold and silver known as *electrum*. These early coins were stamped with images, which indicated their authenticity and value.

$BTC

In 2011, Bitcoin started to get more attention. It began trading on various exchanges, and its price started to rise. It crossed the 1 mark for the first time in early 2011, and from there, it slowly began gaining traction. As more people started using Bitcoin, its ecosystem grew, with more exchanges, wallets, and mining operations popping up.

The Mt. Gox Era:
From 2011 to 2014, Bitcoin’s first major exchange, *Mt. Gox*, handled the majority of Bitcoin transactions. However, Mt. Gox’s downfall in 2014, when it was hacked and around 850,000 BTC were stolen, had a huge impact on Bitcoin's reputation. Despite this, Bitcoin recovered and continued to grow.

The Rise of Bitcoin:
Bitcoin's price saw massive volatility over the years, but in *2017*, it hit the mainstream. It crossed *1,000* for the first time in several years and then surged to an all-time high of nearly *$20,000* by December 2017, fueled by media hype and growing interest from both retail and institutional investors.

However, this rapid growth was followed by a crash, and Bitcoin’s price dropped significantly in 2018. Despite the volatility, Bitcoin remained resilient, with more people seeing it as a store of value or "digital gold."

Institutional Adoption:

#BitcoinPolicyShift

In 2011, Bitcoin started to get more attention. It began trading on various exchanges, and its price started to rise. It crossed the 1 mark for the first time in early 2011, and from there, it slowly began gaining traction. As more people started using Bitcoin, its ecosystem grew, with more exchanges, wallets, and mining operations popping up.

The Mt. Gox Era:
From 2011 to 2014, Bitcoin’s first major exchange, *Mt. Gox*, handled the majority of Bitcoin transactions. However, Mt. Gox’s downfall in 2014, when it was hacked and around 850,000 BTC were stolen, had a huge impact on Bitcoin's reputation. Despite this, Bitcoin recovered and continued to grow.

The Rise of Bitcoin:
Bitcoin's price saw massive volatility over the years, but in *2017*, it hit the mainstream. It crossed *1,000* for the first time in several years and then surged to an all-time high of nearly *$20,000* by December 2017, fueled by media hype and growing interest from both retail and institutional investors.

However, this rapid growth was followed by a crash, and Bitcoin’s price dropped significantly in 2018. Despite the volatility, Bitcoin remained resilient, with more people seeing it as a store of value or "digital gold."

Institutional Adoption:

$XRP

XRP is the native cryptocurrency of the Ripple network, which was created by Ripple Labs in 2012. It's designed to enable fast, low-cost cross-border payments between financial institutions. Unlike Bitcoin or Ethereum, XRP isn't mined; instead, it was pre-mined with a total supply of 100 billion tokens, a significant portion of which is held by Ripple Labs to help manage the network's growth.

XRP is often used by banks and payment providers for transferring money across borders because of its speed and low transaction fees. Instead of taking several minutes to hours like traditional banking systems, XRP transactions can be completed in seconds.

In terms of its "life," XRP has had a bit of a rollercoaster journey, facing legal challenges (like the ongoing SEC lawsuit), adoption by financial institutions, and market volatility, like most cryptocurrencies.

Do you have any specific questions about XRP or the Ripple network?

$BTC #WhiteHouseCryptoSummit #USCryptoReserve

Bitcoin took less than a month in 2021 to smash its 2020 price record, surpassing $40,000 by Jan. 7, 2021. By mid-April, Bitcoin prices reached new all-time highs of over $60,000 as Coinbase, a cryptocurrency exchange, went public. Institutional interest propelled its price further upward, and Bitcoin reached a peak of $64,895 on April 14, 2021.
2

By the summer of 2021, however, prices were down by 50%, closing at $30,829 on July 19. September saw another bull run, with BTC scraping $52,956, but a large drawdown took it to a closing price of $40,597 about two weeks later.
2

On Nov. 10, 2021, Bitcoin again reached an all-time high of $69,000 before closing at $64,921. In mid-December 2021, Bitcoin fell to a close of $46,211. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19, Omicron, continued to spook investors.

Soon

Profit 😴

Soon

ow

Nice

Nice