Ethereum
Renowned programmer and founder of the Ethereum cryptocurrency, Vitalik Buterin, on Monday spoke about the most exciting applications within the Ethereum ecosystem, saying that money is the first and most important use case for the popular blockchain technology.
Buterin continued that Ethereum has become more stable after the consolidation upgrade that occurred last March, adding that scaling techniques for the likes of ZK rollups are now being developed at a faster pace, especially since the collapse of the FTX platform will encourage more people to conduct cross-chain transactions, due to the lack of trust. growing in central exchanges.
The founder of Ethereum indicated that the fluctuations in the markets are still the main obstacle to adopting digital currencies, whether by companies or by citizens to save, and this is what enhances the strength of stable digital currencies, whose value is linked to traditional fiat currencies.
Bitcoin
It's been more than a year since El Salvador became the first country in the world to adopt Bitcoin as legal currency. After some initial difficulties, it seemed that the initiative taken by President Buckle could be successful. But in the meantime, things started to go wrong, not only because of the drop in the price of Bitcoin, but because of information that emerged about a Bitcoin program in the country.
Dogecoin
Tesla CEO, billionaire Elon Musk, expressed his support for the digital currency Dogecoin again, saying during a conversation on the social networking site Twitter, that he supports the digital currency meme Dogecoin.
Elon Musk continued that the social networking site, Twitter, wanted to facilitate dealing with the highest meme currency, Dogecoin.
Twittercoin
As the Twittercoin rumors surfaced, the question of what will happen to Dogecoin has begun to arise. First impressions are that if Twitter launched its own crypto asset, it wouldn't need Dogecoin or even Bitcoin. If these rumors prove true, things could get worse for Dogecoin.
On the other hand, another hint that Twitter could support multiple cryptocurrencies as a payment method is in the form of the leaked API. This could mean that Elon Musk will continue to back his favorite cryptocurrencies DOGE and BTC and merge them with his potential Twittercoin project.
cryptocurrency crypto
Due to the deterioration of the digital asset markets after the collapse of the external stock exchange FTX and the subsequent declaration of bankruptcy of Block Fi and fears of an imminent collapse of the Genesis Foundation.
Australian cryptocurrency exchange Swyftx has announced that it will lay off 40 percent of its workforce, around 90 people, due to the deterioration of digital asset markets following the collapse of offshore exchange FTX.
