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Hi everyone⦠Iām reposting the following article because of the recent sell off of Terra, associated with UST token.
Tether (USDT), which is also a stable coin, could potentially suffer the same results. There is an inherent risk in stable coins and they defeat the purpose of truly decentralized crypto.
For an depth look at how and why a stable coin could collapse, and why they are not stable, check out the following:
Untethering Tether: Leveraged Crypto and the 2008 Financial Meltdown
https://www.cryptoliberate.com/untethering-tether/
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El Salvador Buys Another 500 Bitcoin Amid Market Pullback https://cryptopotato.com/el-salvador-buys-another-500-bitcoin-amid-market-pullback/
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We hope you enjoy this hard-nosed breakdown of QORTAL as Jason Crowe is interviewed by crypto veteran and broadcasting legend, Ernie Hancock. Ernie asks all the right questions and Jason answers superbly. Funny and provocative, this is a great deep dive into what makes QORTAL so unique and why it is primed to succeed where so many other projects have failed... https://besovereign.com/qortal-blockchain-project/qortal?recording_id=869
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More options; broader crytpo acceptance. We should all have the freedom to evaluate and choose our own risk when it comes to assets. The key element is educating ourselves and choosing wisely.
Senator Introduces Financial Freedom Act to Allow Crypto in Pension Plans https://cryptopotato.com/senator-introduces-financial-freedom-act-to-allow-crypto-in-pension-plans/
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Currently, low fee transactions across nations is a major use case for Bitcoin. Hedging against fiat is another. And beyond that⦠using Bitcoin to purchase luxury items is safer, and even more cost effective way to transact. This of course depends on your country and their tax codes.
Gucci to Accept Crypto Payments in Retail Stores
https://coinstats.app/newsinfo/ZI9yMTi2Lo_Gucci-to-Accept-Crypto-Payments-in-Retail-Stores?utm_medium=Organic&utm_source=coinstats
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Tesla Open to Further Crypto Investments Per SEC Filing https://dailycoin.com/tesla-open-to-further-crypto-investments-per-sec-filing/?utm_medium=referral&utm_source=coinstats
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There is now a second sovereign nation that is recognizing Bitcoin as legal tender--the Central African Republic. Over time we will see more of this, as smaller nations subject to hyperinflation seek to escape from the inflationary treadmill. Since their will only be 21 million Bitcoin even produced... it's monetary policy is built right into Bitcoin's code, and cannot be manipulated by money printing or interest rate adjustments. Central African Republic Introduces Bitcoin as Legal Tender https://cryptobriefing.com/central-african-republic-introduces-bitcoin-legal-tender/?utm_source=tradingview_tickers_old&utm_medium=rss
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Fidelity to Allow Bitcoin in 401(k) Retirement Accounts https://cryptobriefing.com/fidelity-to-allow-bitcoin-in-401k-retirement-accounts/
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If you don't yet know about BeSovereign, you should! There are 3 powerful live events happening there today, where we honor free speech, sovereignty and the divin right of self expression EVERY DAY! www.besovereign.com
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Starting Today. A new docuseries on the crypto revolution, Uncensored Crypto. For the first time ever, 56 industry insiders ā CEOs, entrepreneurs, venture capitalists, politicians, regulators, Wall Street execs, celebrities, and activists ā pull back the curtain to reveal whatās really going on with cryptocurrencies.
Check out the docuseries trailer plus secure your FREE viewing pass before end of launch today.ā¬ļøā¬ļø https://tinyurl.com/mrymwkkj
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Looking for a quick synopsis on what's happening in crypto. Check out 99 Bitcoins' Weekly Crypto Update https://www.cryptoliberate.com/weekly-crypto-update-3/
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Surprisingly, the latest stream of good news is not being met with upside price action for Bitcoin. This is often a sign of consolidation or downward pressure in the short term. We may be just taking a rest after the recent run-up to 48,000. In any event, I'm just HODLing on to my Bitcoin. No one who has bought Bitcoin and held on for longer than 4 years has lost, in fact... they've made massive gains. But history isn't the best guide for what will happen with Bitcoin. The truest measure is the massive adoption and acceptance of Bitcoin which is happening at a quickening pace. Two More Regions to Adopt Bitcoin as Legal Tender: Report https://cryptopotato.com/two-more-regions-to-adopt-bitcoin-as-legal-tender-report/
