Handy, right? View subscription Who would have expected that China B2B List years later when the first iPhone hit the market. We’d be navigating more with Google Maps. Listening to music on Spotify, and editing and sharing photos on Instagram? Let alone that we spend an average of 4 hours a day on it? I now have the same with China B2B List cryptocurrencies. When I started it in 2015, everyone was mainly focused on Bitcoin. There are now countless developments such as NFTs, stablecoins and CBDCs. In this article I look ahead at the 5 most important developments. 1. Not so stable after all China B2B ListLast week. Many cryptocurrency traders and owners watched with concern as the market suddenly collapsed completely. If you zoom out, you will see that this does not only concern cryptocurrencies.
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The war, high inflation, interest rate hikes and shatter China B2B List supply chains have left all financial markets in limbo. During the recent ‘ salamic crash’ , established tech companies also lost $1 trillion in value in 3 days. In addition to the volatile crypto, there are also all kinds of so-called ‘stablecoins’, which I wrote China B2B List about in 2019 . This is a cryptocurrency that always retains its value. For example, the most widely used stablecoin, Tether, always equals $1. A safe haven for cryptocurrency traders, but nowadays also for residents of countries where their own currency is far China B2B List from stable, such as Venezuela, Turkey and Nigeria. Most stablecoins always have a 1-1 cover with ‘fiat’ money, such as dollars and euros.
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For example, for every Tether, USDC, PAX dollar, etcetera, the issuing party has China B2B List one dollar in a safe account, if you want to exchange it. Stablecoins also continue to develop, and so-called ‘algorithmic stablecoins’ have been working for years, which automatically adapt to supply and demand on the basis of China B2B List algorithms. Shockwave among cryptocurrencies One of the most bizarre and extraordinary events in the crypto China B2B List world happened last week when one of those algorithmic stablecoins Luna lost its ‘peg’ (1-1 peg) against the dollar.