cryptocurrency
Cryptocurrency
Today in crypto, Twenty One Capital had a $458.7 million worth of Bitcoin injection from Tether, VanEck is launching its first tokenized fund backed by US Treasurys, and Arizona Governor Katie Hobbs has vetoed bills aimed at creating a state Bitcoin reserve and enabling crypto payments https://reviews-online-casino.com/.
VanEck joins a burgeoning field of traditional financial firms that have launched RWA tokenized funds, with competitors including BlackRock and Franklin Templeton. In January, Apollo, an investment firm with $751 billion in assets under management, also launched a private credit tokenized fund.
Arizona Governor Katie Hobbs vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while signing a strict regulatory measure targeting Bitcoin ATMs.
On May 12, Hobbs rejected Senate Bill 1373, which sought to establish a Digital Assets Strategic Reserve Fund. The fund would have allowed Arizona to hold crypto assets obtained through seizures or legislative allocations.
Investment firm VanEck is launching a tokenized real-world asset (RWA) fund that offers exposure to US Treasury bills, developed in partnership with tokenization platform Securitize. The initiative places VanEck among a growing number of traditional finance firms entering the RWA tokenization space.
Pi network cryptocurrency
The team calls Pi the first digital money for everyone, something you can “mine” right on your smartphone. They use a system based on the Stellar Consensus Protocol (SCP), tweaked into what they call Federated Byzantine Agreement (FBA), to keep things light on battery and easy for phones to handle. Pi Network wants to build a digital currency and app platform that its worldwide users run and keep safe, hoping this will make finance fairer and fix some of the clunkiness of regular money.
Pi Network has built an integrated ecosystem that facilitates real-world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and local brick-and-mortar businesses. Users can engage with Core Team and community-built apps in the Pi ecosystem through the Pi Browser, where integrated features like the Pi Wallet provide a seamless experience. Events like PiFest 2024 showcased Pi’s growing adoption, with over 27,000 active sellers and 28,000 test merchants across 160 countries.
The team calls Pi the first digital money for everyone, something you can “mine” right on your smartphone. They use a system based on the Stellar Consensus Protocol (SCP), tweaked into what they call Federated Byzantine Agreement (FBA), to keep things light on battery and easy for phones to handle. Pi Network wants to build a digital currency and app platform that its worldwide users run and keep safe, hoping this will make finance fairer and fix some of the clunkiness of regular money.
Pi Network has built an integrated ecosystem that facilitates real-world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and local brick-and-mortar businesses. Users can engage with Core Team and community-built apps in the Pi ecosystem through the Pi Browser, where integrated features like the Pi Wallet provide a seamless experience. Events like PiFest 2024 showcased Pi’s growing adoption, with over 27,000 active sellers and 28,000 test merchants across 160 countries.
Pi Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both of whom have PhDs from Stanford University and a passion for improving human lives through technology. Dr. Nicolas Kokkalis is a Stanford PhD in EE and postdoc in CS with research on distributed systems and human-computer interaction. His work focuses on combining distributed systems and human computer interaction to bring cryptocurrency to everyday people. As a strong and long-term believer of the technical, financial and social potential of cryptocurrencies, he is determined to move them beyond their current limitations and is committed to bringing the power of blockchain to more people.
These extensions, while explained as measures to ensure inclusivity and network strength, have faced criticism from community members who sometimes view them as delay tactics for postponing the Open Network launch.
What is cryptocurrency
The first cryptocurrency was Bitcoin, which was founded in 2009 and remains the best known today. Much of the interest in cryptocurrencies is to trade for profit, with speculators at times driving prices skyward.
In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. This is done for the sake of simplicity.
If you buy cryptocurrency, you have to store it. You can keep it on an exchange or in a digital wallet. While there are different kinds of wallets, each has its benefits, technical requirements, and security. As with exchanges, you should investigate your storage choices before investing.
The first cryptocurrency was Bitcoin, which was founded in 2009 and remains the best known today. Much of the interest in cryptocurrencies is to trade for profit, with speculators at times driving prices skyward.
In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. This is done for the sake of simplicity.
If you buy cryptocurrency, you have to store it. You can keep it on an exchange or in a digital wallet. While there are different kinds of wallets, each has its benefits, technical requirements, and security. As with exchanges, you should investigate your storage choices before investing.