The US Treasury fears that a collapse of USDT could trigger a financial crisis in the US.
Tether (USDT) has $81 billion invested in US Treasuries.
In normal life, users are unlikely to sell $81 billion of US Treasuries in a single day.
However, if the USDT does collapse, Tether may try to redeem them.
Let me remind you that the trigger for the 2008 financial crisis was an alleged 'lone trader, a fraudster' who, as an employee of the French bank Societe Generale, opened positions worth โฌ50 billion and, when the bank found out in January 2008, immediately sold them at a loss of โฌ5 billion. This triggered a crisis that was already brewing. On 22 January 2008, the US Federal Reserve cut interest rates from 4.25% to 3.5%, and on 30 January to 3%. It was cut to 2.25% in March and to 2% in April.
So the rapid sell-off of 81 billion US government bonds is a threat to this fragile financial world.
https://www.nytimes.com/2008/01/24/business/worldbusiness/24iht-socgen.3.9474195.html
Tether (USDT) has $81 billion invested in US Treasuries.
In normal life, users are unlikely to sell $81 billion of US Treasuries in a single day.
However, if the USDT does collapse, Tether may try to redeem them.
Let me remind you that the trigger for the 2008 financial crisis was an alleged 'lone trader, a fraudster' who, as an employee of the French bank Societe Generale, opened positions worth โฌ50 billion and, when the bank found out in January 2008, immediately sold them at a loss of โฌ5 billion. This triggered a crisis that was already brewing. On 22 January 2008, the US Federal Reserve cut interest rates from 4.25% to 3.5%, and on 30 January to 3%. It was cut to 2.25% in March and to 2% in April.
So the rapid sell-off of 81 billion US government bonds is a threat to this fragile financial world.
https://www.nytimes.com/2008/01/24/business/worldbusiness/24iht-socgen.3.9474195.html
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#Mitilena
Signing a transaction from an offline card will soon be available in our app ๐๐๐
Now the private key will always be in your pocket. We will send two such cards to a professional wallet, one to be carried with you and the other to be kept in a secluded place in case the first one is lost.
The data on the card will be encrypted and almost impossible to access by another party.
Signing a transaction from an offline card will soon be available in our app ๐๐๐
Now the private key will always be in your pocket. We will send two such cards to a professional wallet, one to be carried with you and the other to be kept in a secluded place in case the first one is lost.
The data on the card will be encrypted and almost impossible to access by another party.
๐๐ข๐๐ก๐ข๐ ๐๐ง ๐ฌ๐ญ๐๐ญ๐ ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐ฎ๐ง๐ ๐๐ฎ๐ฒ๐ฌ $๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ฐ๐จ๐ซ๐ญ๐ก ๐จ๐ ๐๐ญ๐ก๐๐ซ๐๐ฎ๐ฆ
They now have more Ethereum than Bitcoin on their balance sheet. As I wrote above, I also think that Ethereum is at a local bottom right now and looks extremely attractive.
They now have more Ethereum than Bitcoin on their balance sheet. As I wrote above, I also think that Ethereum is at a local bottom right now and looks extremely attractive.
๐๐ ๐๐ข๐ง๐ฌ๐ญ ๐ญ๐ก๐ ๐๐๐๐ค๐๐ซ๐จ๐ฉ ๐จ๐ ๐ญ๐ก๐ ๐๐ ๐๐ฅ๐๐๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ข๐ญ๐๐จ๐ข๐ง ๐ก๐๐ฌ ๐ญ๐๐ค๐๐ง ๐ญ๐จ ๐ญ๐ก๐ ๐ฌ๐ค๐ข๐๐ฌ.
And on the spot market touched 75000 usd per bitcoin at this hour.
And on the spot market touched 75000 usd per bitcoin at this hour.
Donald Trump won the US election
I'll remind you that in his previous presidency, starting with the election, a bull run in bitcoin began, which then rose every month, starting at $722 per dollar in November 2016 and peaking at ~$19,600 per bitcoin in December 2017, so in about a year, the price of bitcoin rose 27 times.
The photo shows Elon Musk and UFC CEO Dana White.
I'll remind you that in his previous presidency, starting with the election, a bull run in bitcoin began, which then rose every month, starting at $722 per dollar in November 2016 and peaking at ~$19,600 per bitcoin in December 2017, so in about a year, the price of bitcoin rose 27 times.
The photo shows Elon Musk and UFC CEO Dana White.
Updating our cryptocurrency payment plugin for WooCommerce
Over the years of working with JS, we have already forgotten what it is, the strange tendency of developers in PHP or Swift, for example, to constantly rename methods, disable part of the functionality undocumented, add new functionality and break the old, and all this in products that are used by hundreds of millions of people around the world.
It seems to me that there should be taxes, like carbon footprints, on pointlessly renaming variables and forcing developers to rewrite software that has been running for weeks and years. Or include a default setting that breaks your functionality, like WooCommerce does (same sect as PHP).
The updated plugin:
https://mitelena.com/mitilena-plugin-wp.zip
Instructions for installation - deactivate the old plugin, uninstall, reinstall the new one. The old data will remain, you will not need to re-enter it.
Over the years of working with JS, we have already forgotten what it is, the strange tendency of developers in PHP or Swift, for example, to constantly rename methods, disable part of the functionality undocumented, add new functionality and break the old, and all this in products that are used by hundreds of millions of people around the world.
It seems to me that there should be taxes, like carbon footprints, on pointlessly renaming variables and forcing developers to rewrite software that has been running for weeks and years. Or include a default setting that breaks your functionality, like WooCommerce does (same sect as PHP).
The updated plugin:
https://mitelena.com/mitilena-plugin-wp.zip
Instructions for installation - deactivate the old plugin, uninstall, reinstall the new one. The old data will remain, you will not need to re-enter it.
We're moving to an 'English first' strategy.
Given that the Wallet supports 57 languages, it is extremely difficult to include that many languages in each release. Therefore, some functionality, especially new functionality, will be in English and this is 'normal behaviour'.
Over time, these parts of the functionality will be seamlessly translated into all other languages.
Given that the Wallet supports 57 languages, it is extremely difficult to include that many languages in each release. Therefore, some functionality, especially new functionality, will be in English and this is 'normal behaviour'.
Over time, these parts of the functionality will be seamlessly translated into all other languages.
How Bitcoin Creates Its Own Deflation
In a relatively new bitcoin protocol called Taproot, designed to take advantage of new addresses and supposedly more compact transactions, we discovered the following:
It turns out that the fee cannot be calculated without a transaction signature, or more precisely, without every signed unspent input required for that transaction.
Therefore, in most cases, it turns out that the commission will always be "approximate", i.e. no matter how much you want to send the entire amount from your wallet and leave 0 bitcoins there -> you won't succeed! This is also due to the peculiarities of the implementation of popular libraries for working with cryptocurrency. It is extremely difficult to leave exactly 0 bitcoins (or 0 satoshis) in the wallet. That is, completely emptying the wallet before forgetting about it will not work.
Continue reading here https://mitelena.com/how-bitcoin-creates-its-own-deflation/
In a relatively new bitcoin protocol called Taproot, designed to take advantage of new addresses and supposedly more compact transactions, we discovered the following:
It turns out that the fee cannot be calculated without a transaction signature, or more precisely, without every signed unspent input required for that transaction.
Therefore, in most cases, it turns out that the commission will always be "approximate", i.e. no matter how much you want to send the entire amount from your wallet and leave 0 bitcoins there -> you won't succeed! This is also due to the peculiarities of the implementation of popular libraries for working with cryptocurrency. It is extremely difficult to leave exactly 0 bitcoins (or 0 satoshis) in the wallet. That is, completely emptying the wallet before forgetting about it will not work.
Continue reading here https://mitelena.com/how-bitcoin-creates-its-own-deflation/
#Thoughts
Crypto and projects should be invested in when nobody believes in them. If you run to buy when everyone around you believes in it, you are already too late.
Crypto and projects should be invested in when nobody believes in them. If you run to buy when everyone around you believes in it, you are already too late.