June 2 "M Day" promotes millibitcoin as unit of choice
Buying and selling using whole bitcoins as the preferred unit of currency might have made sense back when a single bitcoin was valued at just $10 to $20 USD. These days, though, when bitcoins trade for well over $100 apiece, a smaller unit could prove more user-friendly for commerce, many Bitcoiners say. While we're probably not yet ready for the satoshi -- 1/100,000,000th of a bitcoin -- conducting transactions in mBTC, or 1/1,000th of a bitcoin, seems easier somehow. For example, how would you rather see a cup of coffee priced at the "Bitcoin Cafe" ... as 0.01 BTC, or as 10 mBTC? For....
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The news that all major Chinese exchanges are planning to adopt a new primary unit for trading purposes has caused a commotion that may hinder the idea from taking off. The differences which center on the choice of Bitcoin unit that would be best suited for trading purposes may suffocate the suggestion being promoted by BTCC CEO Bobby Lee, who seems bent on pushing the idea further despite his being reminded that he had made a similar suggestion at a post-conference dinner in Berlin in 2014 but it didn’t get off the ground. In his reply, Lee states: According to Lee, who has started an....
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the Tron DAO Reserve says the stablecoin has not depegged in a Twitter thread that discusses a combination of an “on-chain mechanism [and] collateralized assets.”
USDD Trades Below $1 for an Entire Week
USDD has been trading for lower than a U.S. dollar for over a week and on....
Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3.
Tron’s USDD Stablecoin Climbs Back Above $0.98 per Unit
The stablecoin USDD, issued on top of the Tron network, saw its value slip below the typical $1 parity it held prior to June 13. Prior to that day, the stablecoin’s chart looked similar to an electrocardiogram flatline holding a....
In an earlier article, I conceded too much and suggested that Bitcoin doesn’t need to be a unit of account. What I should have said is that Bitcoin is a great unit of account—much better than the dollar. The objection that Bitcoin is not a good unit of account actually hides a circular argument that invalidates it. Bitcoin’s utility as a unit of account depends on what you already believe about Bitcoin. If you are skeptical of Bitcoin, then it makes no sense to use Bitcoin as a unit of account. If you believe that Bitcoin will become the world currency, then it makes no sense to use....
Popular socialite Kim Kardashian has been promoting a shady project via her social networks. Called Ethereum MAX or ETHMAX protocol, Kardashian uploaded two Instagram stories in the past 24 hours asking their fans if they are “into crypto”. Although the post claims she is not making financial advice, she promotes the project as if someone […]