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The Economist recently shared a news piece that reveals that hundreds of billions of dollars are missing from American banks. Binance CEO Changpeng Zhao shared the news on Twitter. CryptoQuant CEO Ki Young Ju couldnt keep calm as he replied to the tweet, sharing his thoughts.

Ki commented on the tweet, asking people to call out the banks from which the client funds are missing. He also stated that he wouldnt be surprised if they inserted the name of any bank, except for the ones that dont use client funds or have proof of reserves.

CryptoQuants CEO has been quite vocal against banks amidst the bank runs. He recently dropped a tweet speaking of the coordinated effort by central banks to help with US dollar liquidity.

Ki has requested that individuals who have faith in the US dollar system contemplate three scenarios. Firstly, he proposed a hypothetical situation where cryptocurrency exchanges allocate all client funds toward shitcoin. Secondly, he urged them to envision a scenario where Satoshi Nakamoto generates an infinite amount of bitcoins to rescue these exchanges.

The statement comes amidst a time when banks are going through a fair share of turmoil, with client funds missing and top US banks collapsing. Despite all the chaos, the cryptocurrency market was up and running.

Amidst all this, the SEC has also tightened its scrutiny of the cryptocurrency realm. The SEC sued Tron founder Justin Sun on the grounds of fraud and market manipulation, alongside other celebrities, including Jake Paul, for promoting it.

The post Billions of Dollars Missing from US Banks, CryptoQuant CEO Reacts appeared first on Coin Edition.

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What is a deflationary cryptocurrency?

Although cryptocurrencies are often promoted as investment opportunities, their primary purpose was originally to serve as an alternative form of currency. Considering this narrative, the rules of supply and demand apply to cryptocurrencies as to fiat currencies.

An undergraduate economics student might say the basics of money, economy and market forces is balancing supply and demand. How much of an asset is in circulation versus the demand how many people want that particular asset helps decide its price. This equation between supply and demand underlies the fundamentals of all economies and also applies to cryptocurrencies.

Deflationary cryptocurrency is one where the value of the crypto increases due to a reduction or stagnation in supply. This ensures that the coins market value is attractive for more people to invest in and can be used as a store of value. While deflationary cryptocurrencies look more attractive, not all are designed that way.

Many well-known cryptocurrencies are not deflationary. In addition, there is often no supply limit to them. Some are disinflationary because inflation gradually reduces over time due to its tokenomics. Bitcoin (BTC), for instance, wont be deflationary until all 21 million coins have been mined. Ether (ETH) was not deflationary until the Merge happened in September 2022.

Related: Inflationary vs. deflationary cryptocurrencies, Explained

Developers of tokens create deflationary mechanisms during the design of the economic model behind the token. The economic model tokenomics can be fundamental to how stakeholders add and accrue value in a Web3 ecosystem.

The supply and demand dynamics of a token are decided at the level of development. Deflationary characteristics like burn mechanisms are decided as the economic model underlying the token is being developed. This can be a point-in-time process like with Bitcoin or an evolving mechanism like with Ethereum.

When creating Bitcoin, Satoshi Nakamoto ensured there would only be a finite supply of 21 million. Once 21 million Bitcoin are mined, no new BTC can be created. This limited supply has helped the narrative that Bitcoin is a true store of value compared with fiat currencies that increase supply due to central bank monetary policies.

In contrast, Ethereum had an inflationary supply at its inception. Ether supply was increasing at an annual rate of 4.5%. However, after the Ethereum Merge that saw it move from proof-of-work to proof-of-stake, it is now a non-inflationary asset due to its burn rate. The number of Ether burned in maintaining the network activity is more than the amount of Ether entering circulation.

Implementing the EIP-1559 protocol has altered the economic nature of the Ethereum token by incorporating the burning of a fraction of the gas fees per transaction. As a result, some experts argue that Ethereum has become more deflationary than Bitcoin.

As deflationary tokens are considered a better store of value, new tokens created for both protocol and application tiers may be designed to be deflationary.

Investments in deflationary cryptocurrencies can yield growth and returns for investors. But being deflationary alone may not be a criterion to be identified as a better investment.

Due to their supply cap, deflationary tokens are typically perceived as more valuable by holders and investors. This was also demonstrated by the rise of nonfungible tokens (NFTs), where the rarity of the NFTs often decided the prices. Limited supply driving prices higher was also true with the Ethereum Name Service (ENS), where some three-digit ENS names were sold for even more than 100 ETH.

Ethereum may not necessarily be classified as a better asset after it became deflationary. Ethereum has a rich ecosystem that drives transactions on the chain, and as more Ether gets burned in the process, it causes deflation. An unused Ethereum blockchain wouldnt be able to achieve this economic feat.

The underlying chain fundamentals must remain strong for Ethereum to thrive as an investment. A chain with strong fundamentals typically has a developer ecosystem to create many applications that users widely adopt. As users flock to these applications, developers are encouraged to continue innovating.

The resulting network effect would make Ethereum deflationary, making it a more attractive investment asset.

Centralized regulatory organizations typically govern the inflation of asset prices in traditional capital markets. Is that the same in Web3? Who ensures fair play?

In the United States, the Federal Reserve (the Fed) assumes the responsibility of maintaining inflation at reasonable levels by implementing tools such as altering interest rates, bond-buying programs and money printing. This obligation is typically similar across most other nations. In Web3, inflation is controlled by the protocols monetary policy, which is determined by the community through decentralized governance.

Deflationary mechanisms are interwoven into the tokenomics while creating the ecosystem. Where tokens have an unlimited supply, as the token ecosystem matures, there would be more opportunities for burn. Therefore, the organization managing the token must proactively identify these opportunities and embed them into the tokenomics to reduce the supply.

The Ethereum Merge is a fine example of how the Ethereum supply and demand was tweaked to make it deflationary. Such significant tokenomics changes are typically proposed, approved and executed by a decentralized autonomous organization (DAO) that governs the token and the platform behind it.

These tokenomics changes are then embedded into smart contracts as the rules of the ecosystem. Smart contracts drive the new business rules and the economic model of the ecosystem. As a result, DAOs could play a significant role in ensuring efficient and effective governance of the tokens.

Since decentralization is one of the tenets of the blockchain world, an economic system not controlled by the founding teams, investors, venture capitalists and whales is crucial to delivering sustainable tokenomics based on sound business models.

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Ethereum as a deflationary asset, explained - Cointelegraph

The deceitful world of online betting and gambling has long discredited itself. In addition to unfavorable conditions for players, gaming platforms and bookmakers do not hesitate to simply appropriate user funds. Lets take a look at how blockchain technology solves these issues through the example of CryptoCubes.

If we take a list of the drawbacks of the classic gambling and betting sector and put it next to a list of problems that blockchain solves thanks to its properties, we will see a 100% intersection. Its as if Satoshi Nakamoto lost his house, car, and beloved cat in a casino and decided to put an end to injustice by creating Bitcoin and starting a trend toward decentralization.

To avoid being just words, lets take a closer look at the drawbacks of betting and gambling that blockchain eliminates. As an example, lets consider the Play-to-Earn project, CryptoCubes.

CryptoCubes is a P2E project with elements of betting built on the Tron blockchain. The projects goal is to build a truly transparent game with simple rules and equal conditions for each participant. At the same time, the platform positions itself as a social game where participants can bluff, manipulate, and use their strategies to win.

The main achievement of the platform is that it provides players with the opportunity to compete with each other instead of thinking, Will the project team cheat me? Thanks to the properties of the blockchain, the need for trust disappears. But what are these properties? Lets take a closer look.

The main ideas of blockchain are decentralization, privacy, and transparency. Each of these properties helps to solve many problems in the gambling industry.

Decentralization speaks for itself: no control center makes decisions without taking into account the opinions of other network participants. By introducing this property into betting and gambling, blockchain makes life easier for players: there is no need to fear unwarranted account blocking, freezing of accounts, or other sanctions by the platform.

Privacy is another property of blockchain-based projects. Players do not need to disclose personal information or confirm their identity by providing documents to participate in the game. For example, to participate in the game on the CryptoCubes platform, a user only needs a cryptocurrency wallet. This could be TronWallet or Ledger.

Transparency is catastrophically lacking in Web 2.0 gambling games. In games built on the blockchain, the situation is the opposite. All transactions and actions performed during the game are recorded in the blockchain and remain there forever. No one can change or delete them. Thanks to thousands of nodes verifying transactions, any attempts to add false data will be noticed and removed, and validators who tried to add them will be blocked.

All of the above is a game changer and takes away from traditional gaming platform holders the tools of manipulation. It will no longer be possible to rig the slot machine, close access to the site during the game, or block the account of a lucky winner. The only thing that keeps centralized gambling afloat is the lack of understanding of blockchain technology and the fear of the new among many people.

There are many drawbacks to the WEB 2.0 gambling segment. They mostly play into the hands of dishonest founders of gaming platforms and take away practically all chances of winning for players. But thanks to the implementation of blockchain in the betting and gambling segments, the gambling industry has a chance to rid itself of the SCAM label. After all, become a transparent and fair entertainment class that gives equal chances to every player.

Read more from the original source:

Betting on the Tron blockchain led by CryptoCubes - Crypto Reporter

When the stock market faces turbulence, investors often look to an alternative haven for their capital - GoldContinuous Contract (Comex:GCW00).

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Its reputation as a reliable asset has solidified its role in times of economic instability. Investors flock to this precious metal due to its ability to remain or even appreciate during periods of unpredictability.

For years, Gold has been considered a reliable store of wealth in uncertain times.

However, with the rise of digital assets like Bitcoin(CRYPTO: BTC) and other cryptocurrencies to prominence over recent months - especially amidst increased concern about banks on unsteady ground such as Silicon Valley Bank(NASDAQ:SIVB) - many investors are beginning to look towards cryptocurrency markets for greater security when safeguarding their financial future.

Gold and cryptocurrencies represent two distinct asset types, one physical and the other digital.

Bitcoin holds a special place in cryptocurrency history as it was first released back in 2008 by Satoshi Nakamoto with no need for central banking intermediaries during transactions.

This led to the launch of the worlds initial cryptocurrency exchange platform shortly after allowing people around the globe to trade virtual currencies such as Bitcoin.

Investments in these secure havens exhibit varying performances on the charts, adding a layer of intrigue to their financial landscape.

During the decade between 2001 and 2011, Gold experienced an impressive 630% growth in value - from $250 to its historical peak of over $1,900.

Since then it has endured a long consolidation period where price fluctuations were minor. However, this stability ensured that their investment was preserved against any decreased valuation risk for investors.

Surprisingly, the current value of Gold has surpassed its highest peak from 11 years ago by a mere 2.60%. This may not be the most lucrative option for investors seeking substantial capital growth.

In a remarkable divergence between asset classes, Bitcoin has skyrocketed by an astounding 584,917% over the past 11 years, leaving traditional investments in the dust.

Despite a 59% plunge from its all-time high, Bitcoin has witnessed an impressive 42% rise in March following the collapse of various banks. Gold has also experienced a 9% ascent during the same period.

Meanwhile, the stock market seems to be facing a downward trajectory, with the Dow Jones dropping 3%. The financial landscape displays an intriguing interplay between these diverse investment options.

While Bitcoin tends to ride a rollercoaster of fluctuation, its track record showcases its impressive capacity for accelerated and substantial growth.

Gold is a steady asset that provides reliable security and peace of mind. Over an extended period, this precious metal has demonstrated consistent growth, proving it to be a dependable safe haven when you need reassurance the most.

After the closing bell on Friday, March 17, Gold closed at $1988.50, trading up by 3.49%. Bitcoin closed at $28054.00, trading up 3.96%.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Gold Vs. Bitcoin: Delving Into Diverse Investment Strategies For Weathering Turbulent Market Conditions A - Benzinga

Are you an entrepreneur, a creative person, or a small business owner looking for a low-cost, efficient, and secure way to monetize your goods and services? Traditional payment systems can be expensive and complicated, preventing many people from participating in the global economy. Fortunately,Bitcoin SV(BSV) provides a solution to this problem. With its low fees, fast transaction times, and theability to handle up to 100,000 transactions per second, BSV offers new possibilities for businesses to grow and succeed.

In this article, well show you how easy it is to start receiving BSV payments and explore the benefits of using this innovative technology to supplement your income or even make a full-time living.

TheInternetwas supposed to be an equal playing field where anyone could participate in the global economy. Unfortunately, traditional payment systems have been too expensive and complicated, preventing many people from taking advantage of this opportunity.

BSV aims to make that vision a reality by providing a low-cost, efficient, and secure way for individuals and small businesses to monetize their goods and services. BSV stands out from traditional payment methods because of its low fees and fast transaction times, which can handle up to 100,000 transactions per second. Withmicropaymentsand the ability to compete with larger firms, BSV offers new possibilities for businesses to grow and succeed.

If you have a website offering content, data, or information relevant to your industry, consider accepting BSV as a payment method. Similarly, if you produce digital products like e-books, music, artwork, software, apps, or templates, Bitcoin1can be a great way to receive payments. If you provide remote or digital services like tutoring, coaching, data entry, translations, Photoshop services, web design, or SEO, Bitcoin offers a cost-effective and efficient way to receive payments.

Entrepreneurs, creatives, individuals, and small businesses should consider using Bitcoin as electronic cash for their businesses. By using BSV, you can test the market and see how you can supplement your income. The best part is that getting started is easy. You dont have to worry about every technical aspect of Bitcoin before you start using it. Initially, all you need is a secure way to receive and store BSV. To begin, all you need is a Bitcoin address.

To generate your Bitcoin address, you can use a Bitcoin address generator like Bitaddress.org. Although otherBSV wallet generatorsare available, I recommend Bitaddress.org because you can download the webpage that generates the Bitcoin address to your computer, unplug from the Internet, and develop your Bitcoin Address offline. Doing this offline ensures no data is sent elsewhere during the generation process. This reduces the chance of anyone monitoring your Internet activity in real-time from intercepting or having access to your Bitcoin address details. Additionally, Bitaddress.org is easy to audit since all its functions are coded on the webpage, making it simple for developers and programmers to view and check the code for security and integrity issues2.

After obtaining a Bitcoin address, you can start receiving Bitcoin payments by sharing your public key with others. Its crucial to keep your Bitcoin addresses secure to prevent theft. Your Bitcoin address includes a public key and aprivate key, which are alphanumeric codes that you can write down or copy to a secure document that you encrypt with a password. Think of your public key as an email address that you can share with others to receive BSV. On the other hand, your private key is like a password to access your Bitcoin wallet, and you should keep it secure to prevent unauthorized access and theft. You can secure your public and private keys by writing them down on paper and storing them in a secure container or vault. Alternatively, you can record them in a file encrypted with a strong password or passphrase and store the file on a portable device like a USB stick or an SD card.

You can also consider having these containers, USB sticks, or SD cards in a different location away from you, such as a family members house or your bank, because they are set up to keep things safe and secure in vaults.

One of the most significant benefits of using BSV is theflexibility it offersin pricing goods and services derived from its ability to domicrotransactions. You can charge for subscriptions to your website on a per-month, per-week, or per-day basis. You can charge per download, per minute, or per page if you offer digital products like songs, movies, or e-books. You can charge per minute, half-hour, hour, or day if you provide a service. By using BSV, you can reduce costs by a hundredth of a percent compared to your competitors, making youmore competitive and increasing your chances of success.

To maximize BSVs utility, consider exploring its potential for yourself. By embracing this innovative technology, you can supplement your income or make a full-time living. With BSV, the possibilities are endless.

In conclusion, using BSV can reduce costs, increase revenue, and compete with larger firms. With micropayments and fast processing times, it is an innovative technology that can help you explore new possibilities for your business. So, wherever you are in the world, whether you are an entrepreneur, an expert, a creative, or a small business owner, why not consider accepting Bitcoin SV as apayment methodand see how it can benefit you?

About the author:

Marquez Comelab founder of BSVSearch.com is an avid believer in the potential of Bitcoin SV to provide experts, creative people, and small businesses with an easy and cost-effective way to monetize their goods and services. Marquez is passionate about sharing his knowledge and empowering others to take advantage of this innovative technology. He has created a video demonstration on generating your own Bitcoin wallet address so that anyone, anywhere, can start earning Bitcoin today. With Marquezs guidance, you can learn how to set up your Bitcoin wallet quickly and securely and benefit from this exciting new opportunity. Check out his video at:https://youtu.be/b9pwFERGTWE.

Notes:[1] Please note that when we say Bitcoin, we mean Bitcoin SV, with the ticker symbol BSV. It should not be confused with BTC, an implementation that abandoned core principles described by its inventor (Satoshi Nakamoto) in the Bitcoin Whitepaper. [2] I have made a step-by-step demonstration of using Bitaddress.org to generate a Bitcoin address. Title: How to set up a Bitcoin Wallet to receive BSVs (Paper/Cold Wallet), by BSVSearch.com,https://youtu.be/b9pwFERGTWE.

Watch: Better Payments with BSV

New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.

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Start receiving BSV today: Easy Bitcoin payments for entrepreneurs ... - CoinGeek