Search the Community

Governments are very nervous and undecided today, as there is a global currency war and stablecoins could become an additional problem more than they are for the cryptocurrency system itself. Governments and financial institutions are very concerned with keeping the flow of capital under control so as not to unbalance their currencies. The money that goes out tends to devalue the currency itself. That increases the cost of imports and creates inflation !, now being the stablecoins a cryptographic product anchored to physical assets they turn them into currencies with greater attractive system in general since being an anchored and more anonymous system many can migrate to that system, but Take into account that the disadvantages in the crypto ecosystem are already separate. The stablecoins are already a point of palpable break both economically physical and encrypted, they will have to be carefully observed in the future which fixed site can reign.

CoinGecko made the report about the cryptocurrency and the situation on the market for the Quarter 2 of 2020. Of course the 3-rd Bitcoin Halving was mentioned there, the Ethereum increased market dominance by 1.6%, the situation with some of stablecoins during this Quarter 2, hash rates and the industrialization of Bitcoin's mining and lots of other things comparing with the Quarter 1 of 2020. According to their report the total market cap of crypto market grew by 44.5%, but at the same time the trading volumes declined by 55%. They mentioned some reasons for such a situation: users' HODLing, Black Thursday that occured in March, and one of the reasons was the growing interest on the crypto market towards the DeFi (Decentralized Finance) and Derivatives trading. You may find more detailed information via these links : https://landing.coingecko.com/q1-2020-report/ Interesting to read your opinions about the Quarter2 2020. Was it successful for you or not? In your opinion what had the major influence on the situation on the crypto market in Q2 2020? Was the 3rd Halving successful for the BTC and personally for you? And what your opinion about the DeFi? Because there is a real growing interest among the participants of the crypto community.