Cryptocurrencies – they’re quite a contentious topic. Some people believe they’re the future of money, while others think the industry is just a bubble waiting to burst.
The believers see cryptocurrencies as the solution to all our financial problems. They preach about decentralization, transparency, security, anonymity, and how cryptocurrencies will make banks and other financial institutions obsolete. They talk about how blockchain technology will revolutionize everything from voting to music to shopping.
The detractors think otherwise. They point to crypto’s price volatility, lack of regulation, and rampant fraud. Regardless of how you feel about these digital currencies, few can argue they’ve caught the world off guard and have surged in popularity.
In this article, we’ll look at three big pieces of news from the crypto world.
Stellar Becomes First Public Blockchain to Host US-Registered Fund
The Stellar (XLM) Network has just become the first public blockchain to host a US-registered fund, and it’s a big deal. The Franklin OnChain U.S. Government Money Fund (FOBXX) has integrated with Stellar and it has already surpassed $270 million in assets under management.
The fund offers a 7-day yield of 4.53%, and investors can access the fund through the Benji Investments app.
Stellar (XLM) is a peer-to-peer (P2P) decentralized network created by Stellar Development Foundation in 2014. It officially launched in 2015 with a mission to make payments easier and cheaper for everyone. It allows users to send, receive, and create different digital currencies.
Monero Thrives as CBDC Fears Grow
The rise of Central Bank Digital Currencies (CBDCs) has made many speculate that privacy-focused cryptocurrencies like Monero struggle to survive. However, some analysts believe the opposite may be true.
CBDCs are the digitized version of a country’s fiat currency. While they offer benefits like increased security, they also have the potential to destroy financial privacy.
That’s where Monero comes in. As a privacy-focused cryptocurrency, it offers users the ability to transact anonymously. Some analysts argue that the rise of CBDCs may increase the demand for privacy-focused cryptos like Monero, as more people become aware of the potential loss of financial privacy that comes with CBDCs.
Monero (XMR) launched in 2014 with the mission to keep your transactions private and your identity anonymous. The token ranks number 23 on CoinMarketCap’s rankings and has a market cap of $2,946,863,401.
Big Eyes Coin’s Presale Ends on June 3rd
Big Eyes Coin‘s massively successful presale is in its final stage. The cat-themed meme coin has raised $34.47 million so far, and the presale officially ends on June 3rd, 2023.
Big Eyes Coin has been a BIG addition to the meme coin world. It is a full-on ERC-20 community token created to give back to its Kitty Crew. It does this by donating to marine life conservatories, gifting free loot boxes, creating NFT loot cards with adorable designs, and building a strong social media presence.
Big Eyes Coin has a BIG surprise for you when you purchase tokens. Use code END300 and get a 300% bonus on your purchase of $BIG!
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