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How were digital currencies and cryptocurrencies created?

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How were digital currencies and cryptocurrencies created?

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Before Bitcoin
The origins of digital currencies go back to the year 1980 when David Chaum established the (DigiCash) company in the Netherlands.

What was most important to "David" was the issue of not protecting privacy on online payment sites, as well as the ease of obtaining credit card information and personal information as it was not sufficiently protected, which prompted him to work on a new type of technology to obtain something that prevents banks or governments from Hacking online payment.

Despite his success in establishing this technology, the lack of adopters and supporters of the company led to the declaration of bankruptcy in 1998.

The origins of Bitcoin


 In 2008, “Satoshi Natomoku,” the nickname of an unknown person or group of people, outlined Bitcoin in its entirety in a newspaper.
It took a long time from the newspaper release and the rise of Bitcoin; It was launched to the public in 2009.

This experience was not without its flaws. Because of the old technology, a technical problem was encountered that made it difficult to know how to use the same money twice. Satoshi was the first to solve this problem.

The problem of widespread cryptocurrency fraud before the publication of Satoshi's article was a critical problem; As cryptocurrency fraud was used to symbolize the purchase of stocks, paper, or securities, and real money

With the advent of blockchain technology, this led to an increase in the price of Bitcoin due to the security this technology provides! Which made people believe in the power of Bitcoin.

 

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There is a lot of different between crypto currency and digital currency but the world of crypto currency is much better to be honest it's secure and prove from a long time that he can survive for a long time and can be trusted by 5he majority of community 

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37 minutes ago, scorpiali said:

There is a lot of different between crypto currency and digital currency but the world of crypto currency is much better to be honest it's secure and prove from a long time that he can survive for a long time and can be trusted by 5he majority of community 

Yes, this is true, and the biggest proof of this is that the greatest companies have already started converting their funds and retained earnings into Bitcoin for long-term investment! I think that companies are not willing to risk such amounts of money if investing in Bitcoin is not safe! Blockchain technology provides the security everyone dreams of! So we are seeing the results of this through the statements of the major companies that they have already started believing in something called Bitcoin and a cryptocurrency project!

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I did not know and thank you for this very valuable information, and we must know the basis of any work we do and the problems we face in this work and try to fill the gaps and put forward any ideas that can improve this work

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21 hours ago, Beackhem said:

BTC is a popular and valuable currency in the world today.  By earning this currency the employment of every person in the world is increasing. We work in crypto talk and acquire BTC through yobit exchange site. By working here people of many countries are being able to reach the top of development.

Frankly, I disagree because the cryptocurrency project is still far from being known! Many people around the world still never know what bitcoin is or what a cryptocurrency project is! I do not underestimate the importance of the cryptocurrency project, but we must be frank and admit that the cryptocurrency project has not yet reached the world!

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21 hours ago, derxut said:

a whole decade ago and now the btc is one of the most valuable cryptocurrencies on the market is amazing. good luck. Do not forget to react to this comment if it helps you.

I think we are still at the beginning of the bitcoin greatness! Bitcoin has not yet seen its superpower! Many trusted and expert people are expecting higher levels of Bitcoin! But it definitely takes some time! So we must just wait and continue! So I think that the cryptocurrency project is still in its infancy too! But it is nice for a person to follow the emergence of the project from its earliest beginnings

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53 minutes ago, Louder said:

Thank you so much buddy for sharing this with us, I think i really learn so much from this article because I don't know that there are different between the digital currency and the cryptocurrency, so this is now clear to me, thank you once again for sharing this with us.

It is good to learn the difference between digital currency and cryptocurrency! Because this thing I think few know about!

 

21 hours ago, jory said:

My information is that Bitcoin was invented around 2009 by a person named Satoshi Nakamoto, and it started at a very low price, then started to rise after its popularity increased and the demand for it increased a lot.
Thank you for this useful information to all members.

I think even Satoshi Nakomoto wouldn't have expected this success for Bitcoin! If he had expected this, he would have announced himself and the real Bitcoin project! But can anyone explain the lack of a specific owner of the Bitcoin venture?

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There is a difference between digital currencies and cryptocurrencies, I think that cryptocurrencies are better because they are safe, more reliable and more traded, so by trading them you can get some profit and money

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17 minutes ago, Mohammadnour said:

There is a difference between digital currencies and cryptocurrencies, I think that cryptocurrencies are better because they are safe, more reliable and more traded, so by trading them you can get some profit and money

Each type of currency has a preference for something! If you want to buy online, then definitely digital currency is much better than cryptocurrencies! Because all sites accept digital currencies, but few so far accept cryptocurrencies!

 

4 hours ago, mshakeel_2009 said:

There is heaps of various between crypto currency and digital currency however the globe of crypto currency is far higher to be honest it's secure and prove from an extended time that he will survive for an extended time and may be trustworthy  by 5he majority of community.

In terms of security, yes, this is true, as cryptocurrencies have a security feature that digital currencies do not possess, which is the property of the blockchain! So we see a lot of investors really believe in cryptocurrencies!

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Your words are correct, as a Japanese person created it in 2009 and I believe that digital currencies were created to help people shorten time and distances in their buying or selling business, as well as to send their money easily and without restrictions from banks or countries and I think it is much better than paper currencies that are under the control The big countries

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There is a difference between digital currencies and cryptocurrencies, as the digital currency is a currency similar to the currencies that we use, such as the dollar, and it has been digitally converted to facilitate work with it on the Internet. As for the encrypted currency, it is a protected currency with a special security system and has no equivalent in reality. It is used only on the Internet.

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I didn't know where cryptocurrency and digital currency were created. Thank you very much for providing the best useful information. Your post is very useful.

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Thanks a lot you have chosen very good topic for share about the history of Bitcoin which it wasn't know by me. Even I was searching for this but couldn't find a proper answer with east English. From you post I have gotten everything about the history of Bitcoin.

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Actually I do not know that how cryptocurrency are created  who created these and I also wanted to know about it that  the person who did this  what are the benefits they achieve from it and I wanted to know it because cryptocurrency are very valuable and everyone is wants to earn it so I wanted to know who created it and what is the purpose of creating cryptocurrency.

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Satoshi nakamoto created the first crypto currency which was something really special and no one has made before. This currency has given way for so many others to be create and si ce it's controlled by the blockchain it has made things very easy to use when it comes to the financial sector

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My dear friend thanks a lot for sharing your information about the creation of Bitcoin yes this is a digital currency and that is when that between is comes in the market the value of between is increased everyday number of investors invest their money in between so we should also invest money in Bitcoin

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This post explained the difference, difference, and similarity between digital currencies and cryptocurrencies for me. I enjoyed this post a lot and I think it is full of benefit and knowledge.

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Thank you for this wonderful information. There is a big difference between cryptocurrencies and digital currencies. Cryptocurrencies can never be tracked. It is impossible to obtain any personal information without your consent. We are taking steady steps towards the control of cryptocurrencies in global trade.

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There is a lot of different between crypto currency and digital currency but the world of crypto currency is much better to be honest it's secure and prove from a long time that he can survive for a long time and can be trusted by 5he majority of community 

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Very good information and I didn't read about the origin of digital currency before Bitcoin so it is some kinda new information to me. I always appreciate such informative post so thank you for sharing it.

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Thanks to you my all dear friend  for sharing this useful and wonderful information actually I am very confused that who created cryptocurrencies and its price  is very high and lots of people are getting advantage from it and I wanted to learn that the person who created cryptocurrency is also achieving benefit from it.

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Always providing useful and very intelligent things, my friend, the truth is that I am very happy to be able to find you and read your publications since you always hit the key with your publications, it is wonderful to be able to find and read everything that you publish because you always help me with knowing and learning every day more about the history of cryptocurrencies thank you very much and good life.

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Hello everyone, although I have a little experience in the subject of cryptos, regarding the content you are publishing, I did not know about the creation of cryptos, today I learned something new, and I like to read this kind of content.

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I think that the first currency that was created was Bitcoin, these currencies have become of great importance in the economic field. Cryptocurrencies are created by computers, where a complex set of algorithms are assembled in a process called mining and these algorithms use cryptography in order to secure transactions and organize the creation of additional units.  From the codes within the network.

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Digital money is so different than crypto currencies , digital money is related to a real currency , so the number of digital Money is telling us how much real money we have on our bank account , even digital currency More realistic , I still prefer crypto currency .

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In his traditional speech on Friday, 31 May, Japan's Minister of Finance, Shunichi Suzuki, reiterated that exchange rates should reflect fundamental indicators and that he would respond appropriately to excessive movements.   On Friday, 31 May, a block of important macroeconomic statistics on the state of the Japanese economy was released. The Consumer Price Index (CPI) in Tokyo showed that inflation rose to 2.2% y/y in May. In April, this figure was at 1.8%, matching a 26-month low. Core inflation in Tokyo also rose to 1.9% from 1.6% y/y, and the CPI excluding volatile food and energy prices increased from 1.8% to 2.2% y/y. (It should be noted that inflation in Tokyo is usually higher than the nationwide figures, which are published three weeks later. Therefore, the Tokyo CPI is a preliminary but not final indicator of inflation dynamics at the national level.)   The current rise in inflation could increase confidence in future BoJ monetary policy tightening. However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
    • Линн Мартин выразила оптимизм по поводу биткойн-ETF, подчеркнув их потенциал и ресурсы, которые они уже принесли на Уолл-стрит.  Мартин, президент группы Нью-Йоркской фондовой биржи, выразила этот оптимизм на конференции Consensus 2024, когда ее спросили о запуске ETF на биткойны ( BTC ) и о потенциале, который они несут для Уолл-стрит.  «Мы ведем переговоры с SEC уже более шести лет о биткойн-ETF», — сказал Мартин в интервью . «Я думаю, вы не можете спорить с успехом биткойн-ETF и ликвидностью, которую они принесли базовому рынку».  Финансовые руководители все больше интересуются криптовалютой, либо напрямую, либо через ETF , что привело к росту цен на рынке криптовалют. По словам Мартина, одобрение спотового биткойн-ETF в январе пробудило интерес традиционных инвесторов, принеся на рынок много ликвидности.  Крипто-объединение Вашингтона и Уолл-стрит В последнее время на криптовалютных рынках и на Уолл-стрит наблюдались сильные движения цен, и во многом это можно объяснить сильным притоком средств в ETF, зарегистрированные в США. Рыночная капитализация криптовалюты превысила 1 триллион долларов с момента одобрения биткойн-ETF.  Спотовый крипто-ETF напрямую отражает цену конкретной криптовалюты и стратегически распределяет средства портфеля в эту криптовалюту. Эти средства активно торгуются на публичных биржах и отражают эффективность конкретной криптовалюты. Как и другие фонды, крипто-ETF легко доступны на стандартных фондовых биржах, и инвесторы могут хранить их на своих брокерских счетах. Недавно был одобрен спотовый ETF Ethereum , предоставляющий инвесторам регулируемый и доступный способ получить доступ к Ethereum. Могут последовать и другие спотовые крипто-ETF . Комментарии Мартин прозвучали в период крипто-оптимизма в правительстве США. На прошлой неделе Палата представителей США приняла законопроект FIT21. Законопроект разъясняет, как SEC классифицирует криптовалюту, создавая термин «цифровой товар» для цифровых активов. Законопроект направлен на искоренение мошенничества, регулирование криптовалютных бирж и защиту потребителей, одновременно создавая стабильную среду для криптовалюты — по сути, он сообщает, что криптовалюта теперь является проблемой правительства. Недавно Дональд Трамп начал получать пожертвования на предвыборную кампанию в криптовалюте, сигнализируя о более широком охвате отрасли политиками.
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