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Finnish company Membrane Finance has released a fully licensed stablecoin backed by the euro. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that "EUROe" is "the first and only EU-regulated cryptocurrency".
This weekend, the Cardano blockchain experienced a massive failure - half of the nodes suddenly went offline and began to reboot. Now work has been restored, but the reasons are still unknown.
According to the report, the number of smart contracts deployed on the Ethereum main network in the fourth quarter of 2022 increased by 453% compared to the previous quarter, to 4.6 million. Ethereum test network Goerli. On an annualized basis, the number of smart contracts grew by 721%, reaching a level of 2.7 million.
The popularity of the USD Coin stablecoin skyrocketed following the default of the FTX cryptocurrency exchange, according to analytics firm Glassnode. Users are more likely to choose USDC despite the convenience of USDT.
Cardano will be the most promising cryptocurrency in 2023. This was stated by the founder of Crypto Venture Capital, a well-known crypto investor Dan Gambardella, reports Crypto News. According to him, altcoin can show growth by 1000%.
Simple users and investors like Bitcoin since it is out of reach of a
standard system. Bitcoin as well as other similar cryptocurrencies are
decentralized assets that are controlled not by one individual or
government etc., it is controlled by all users of a blockchain.
Not to mention that cryptocurrency won’t be devalued like any other currency might be. Since there is only a certain number of bitcoins which means that no one can create more bitcoins, so it won’t drop in value drastically.
These are only some of those reasons why investing in Bitcoin or other cryptocurrencies is preferred by so many people throughout the world. But as for becoming a true rival of a traditional monetary system, do Bitcoin or other cryptocurrencies have this potential? Yes, they do have the potential, but it’s not as simple as people might hope.