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Types of stablecoins Today, we’ll tell you about the three main categories of stablecoins. ▪️ Stablecoins backed by fiat currencies These coins are backed by real-life assets, fiat money, or paper money. Two examples of this stablecoin are Tether (USDT) and USD Coin (USDC). The companies issuing these coins own large reserves to support every issued coin; however, Tether has come under intense scrutiny in the past for this specific issue.🙂 ▪️ Stablecoins backed by cryptocurrencies Some projects are so bold that they’re willing to back their stablecoin with other cryptocurrencies (not real assets or money). For example, a crypto-backed stablecoin with a value of $1 could be supported by a crypto asset worth $2. The logic here is that if the underlying asset’s value were to drop, the stablecoin would still be able to maintain its dollar peg. The most famous crypto-backed stablecoin is Dai (DAI). ▪️ Algorithmic stablecoins Algorithmic stablecoins are not backed by assets or fiat currencies, which makes it difficult to understand why or how they’re stablecoins in the first place. As their name indicates, the value of these coins is controlled by computer algorithms. If the stablecoin’s value is pegged to $1 but rises above $1, the code will automatically mint and release more coins into circulation to lower the stablecoin’s value back to $1. Conversely, if the value drops below $1, the algorithm will remove—or burn—coins from circulation to lift the value back up to $1. The amount of coins you hold will change, but they’ll always reflect the value you own. Please note: Stablecoins are not dollars—they’re cryptocurrencies. Even when dealing with stablecoins, investing in crypto carries inherent risks—case in point the collapse of Terra’s algorithmic stablecoin TerraUSD.

The Dutch Museum Corpus is the only one in the world where you can take a tour of the human body.

Here are some interesting facts about crypto you might not know 1. Bitcoin is the First Cryptocurrency: Created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto, Bitcoin was the first decentralized cryptocurrency. 2. Limited Supply: Bitcoin has a maximum supply of 21 million coins, making it a deflationary asset. This cap is expected to be reached around the year 2140. 3. Blockchain Technology: Cryptocurrencies operate on blockchain technology, a decentralized ledger that records all transactions across a network of computers. This technology ensures transparency and security. 4. Volatility: Cryptocurrencies are known for their price volatility. Bitcoin, for instance, has seen dramatic price swings, reaching an all-time high of nearly $69,000 in November 2021 before dropping significantly. 5. Altcoins: Besides Bitcoin, there are thousands of other cryptocurrencies, commonly referred to as altcoins. Notable examples include Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Cardano (ADA). 6. Smart Contracts: Ethereum introduced the concept of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. This innovation has paved the way for decentralized applications (DApps) and decentralized finance (DeFi). 7. Mining: Cryptocurrencies like Bitcoin are created through a process called mining, where powerful computers solve complex mathematical problems. This process verifies transactions and adds them to the blockchain. 8. Energy Consumption: Cryptocurrency mining, particularly Bitcoin mining, consumes a significant amount of energy. Some estimates suggest Bitcoin’s annual energy consumption is comparable to that of entire countries. 9. Regulation: The regulatory environment for cryptocurrencies varies widely by country. Some nations embrace them, while others have imposed strict regulations or outright bans. 10. Adoption by Major Companies: Increasingly, major companies and financial institutions are adopting cryptocurrencies. For example, Tesla, PayPal, and Square have all incorporated cryptocurrency into their business models in some capacity.

In 1653, Johan de Witt became the Grand Pensionary of the United Provinces (Prime Minister) of the Netherlands. Over 20 years, he defended the country's independence, concluded favorable peace treaties, and improved the state's financial situation. In 1672, France and England invaded the Netherlands. The people blamed Johan de Witt for their misfortunes. He lost power, and his brother Cornelis was imprisoned and tortured. On August 20, 1672, Johan de Witt was killed in prison. His body and the body of his brother were mutilated, and parts of their bodies were eaten. This was documented in the painting "The Corpses of the De Witt Brothers" by Jan de Baen. #History

Crypto speak: Mint In the crypto world, “mint” is the process of creating a new token on a blockchain. Oftentimes, minting refers to creating an NFT or an entire collection (“We minted an NFT collection”), but it’s the same process for issuing cryptocurrencies and other tokens. We use this word because the process is akin to central banks using machines to print (or mint) money. However, it’s understandable if it’s difficult to fathom how something can be digitally “minted.”

Why don’t my funds get deposited? (Crypto currency) A widespread problem for beginners: They transfer funds from one wallet to another, but the coins don’t get deposited. Why? There are 3 main reasons: 1. The processing speeds of blockchains. Sometimes, blockchains are slow, and transactions take longer than usual. For example, in Ethereum, transactions can sometimes last for hours. 2. Invalid network or address: You could have made a mistake when choosing the network. For example, if you transfer your USDT from the Tron network to the BNB Smart Chain network, the transaction will not pass. Make sure the network and address match. 3. A memo is not specified: Some blockchains require specifying a memo when sending transactions. A memo is a “comment” on a transaction. If necessary, the exchange will warn you what memo you should specify, so read the instructions carefully. And one more general tip: If you’re making a transaction for the first time, make a test transfer by sending the minimum amount — e.g., 1 USDT. If it’s successful, it’s safe to send whatever amount you want to that address. Don’t forget that, in the crypto world, it’s often impossible to return money lost or sent to a wrong address.

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🗓 7th November over the years ~ 🎂 Famous Birthdays - • Emma Stone was born. • Sally Field was born. • Kris Wu was born. 🕯Famous Deaths - • Jack Hartman died. • Gene Tierney died. • Murray Roman died. 🥳 Global Celebrations - • International Day for Preventing the Exploitation of the Environment in War and Armed Conflict. 😨 Historical Events - • Abraham Lincoln was elected as their president, 1860. • Mahatma Gandhi arrested for leading Indian miner's march in South Africa, 1930. • Bolshevik revolution begins with bombardment of the Winter Palace in Petrograd during the Russian October Revolution, 1917. Share: @history_eng.

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🗓 26th October over the years ~ 🎂 Famous Birthdays - • Hillary Clinton was born. • Asin was born. • Seth MacFarlane was born. 🕯Famous Deaths - • Geoffrey Chaucer died. • Bobby Riggs died. • Henry Knox died. 🥳 Global Celebrations - • Accession Day of J&K with India. 😨 Historical Events - • Maharaja Hari Singhs of Jammu and Kashmir Joins India, 1947. • Erie Canal opens for ships, 1825. • The Football Association is Formed, 1863. Share: @history_eng.

🗓 23rd October over the years ~ 🎂 Famous Birthdays - • Pele was born. • Prabhas was born. • Ryan Reynolds was born. 🕯Famous Deaths - • Frederick Burton died. • Frederick Burton died. • Claire McDowell died. 🥳 Global Celebrations - • International Snow Leopard Day. 😨 Historical Events - • Virat Kohli's epic innings of 82* helps India win against Pakistan. • The Swiss watch company invented a new unit of time called 'The Beat', which corresponds to 1 minute and 26.4 seconds. • Second Battle of Philippi: Brutus's army is decisively defeated by Mark Antony and Octavian. Share: @history_eng.

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🗓 5th October over the years ~ 🎂 Famous Birthdays - • Brian Johnson was born. • Neil deGrasse Tyson was born. • Kate Winslet was born. 🕯Famous Deaths - • Steve Jobs died. • Charles Cornwallis died. • Rodney Dangerfield died. 🥳 Global Celebrations - • World Teachers' Day. 😨 Historical Events - • Marc Garneau became the first Canadian in space. • The World Series was first broadcasted on radio. • The Ashgabat Earthquake took the lives of nearly 10,000 and 110,000 people. Share: @history_eng.

🗓 2nd October over the years ~ 🎂 Famous Birthdays - • Mahatma Gandhi was born. • Romina Power was born. • Hina Khan was born. 🕯Famous Deaths - • Andreas Vesalius died. • Paavo Nurmi died. • Rock Hudson died. 🥳 Global Celebrations - • International Day of Non Violence. 😨 Historical Events - • Conquest of Kazan by Ivan the Terrible. • Jacques Cartier discovers Mount Royal. • Sultan Saladin captures Jerusalem from Crusaders. Share: @history_eng.

🗓 25th September over the years ~ 🎂 Famous Birthdays - • Will Smith was born. • Christopher Reeve was born. • Michael Douglas was born. 🕯Heartbreaking Deaths - • Lewis Milestone died. • Marie Under died. • Roy Curry died. 🥳 Global Celebrations - • World Pharmacists Day. 😨 Historical Events - • Pink Floyd's album 'Wish You Were Here' reaches No. 1 in the US. • Ringo Starr releases his 2nd solo album 'Beaucoups of Blues'. • Lou Gehrig plays in his 1,500th consecutive game. Share: @history_eng.

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