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Is Tether a Good Investment?

When it comes to cryptocurrency investments, volatility and the relatively novel nature of crypto in general are valid concerns. Additionally, it seems like new crypto technologies are coming along every week, making it difficult to know what is a good investment and what is simply a scam. If you base your investment decisions on social media, the latest meme coin is the next big thing, but this usually isn’t a sound crypto investment strategy.

Stablecoins like Tether are a possible counter to these challenges. A stablecoin is a cryptocurrency that is backed by real-world assets, meaning there is an actual store of value in these types of cryptocurrencies. Tether is often used as an in-between cryptocurrency when cashing out or trading coins that are not considered stable.

Investing in Tether

Because Tether price controls are pegged to the value of the U.S. dollar, investors can have more confidence in Tether. Though the value of the U.S. dollar can move up and down and affect Tether price charts, the value of Tether doesn’t tend to swing too dramatically, and efforts are always underway to protect the value of the dollar by the U.S. government.

As for whether Tether is a good investment or not depends on what you plan to get out of crypto investing. If you want a stable investment that will likely rise in value over time due to simple inflation, Tether may be an excellent investment. If you’re looking for an investment that has the potential to see massive gains in a short amount of time, Tether likely isn’t the cryptocurrency for you.

Keeping an Eye on the News

It is worth noting that Tether investors generally keep an eye on the news to watch for movement in world financial markets. The recent steps taken by BRICS countries to move away from the dollar may be a cause for concern among some investors, but only you can determine your tolerance for market movement and risk.

Disclaimer: The above is provided for informational purposes only and is not investing advice. Only a certified financial planner can provide professional investment guidance.

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Barcelona. Catalunya. 11/09/2023. Foto de Pepín.

https://coinmystique.com/secs-xrp-and-grayscale-bitcoin-etf-circumstances-challenged-by-us-home-majority-whip-tom-emme/?feed_id=9249&_unique_id=652780aecc31d

Home Majority Whip Tom Emmer has as soon as once more taken to Twitter to problem the U.S. Securities and Alternate Fee’s (SEC) method to cryptocurrency regulation. Citing the SEC’s current authorized losses in opposition to Ripple and Grayscale, Emmer means that the regulatory physique’s stance on crypto is misguided. His newest feedback, dated September 3, 2023, have garnered vital consideration, amplifying the continued debate on the suitable degree of crypto regulation.Emmer’s Newest RemarksIn a tweet on September 3, 2023, Tom Emmer acknowledged, SEC loses on Ripple… SEC loses on Grayscale… We are going to see how pending litigation performs out, but it surely must be more and more apparent to policymakers that, regardless of @GaryGensler’s mass advertising marketing campaign, crypto shouldn’t be an trade ‘rife with noncompliance.’Checks and Balances in FocusEmmer’s critique resonate with earlier tweet, emphasizing the position of checks and balances in holding the federal government accountable.Our system of checks and balances holding the abusive Administrative State accountable,he wrote, quoting a earlier tweet that introduced a DC Courtroom of Appeals determination in favor of Grayscale on August 29, 2023.A Constant CriticEmmer has been a constant critic of the SEC’s regulatory method to cryptocurrencies. As early as November 4, 2021, he despatched a letter to SEC Chairman Gary Gensler, questioning the inconsistency within the company’s remedy of Bitcoin futures ETFs and Bitcoin spot ETFs. “I’ve called out @GaryGensler’s regulatory hypocrisy for years,” Emmer famous in a tweet on August 30, 2023.Implications for PolicymakersEmmer’s current feedback add one other layer to the continued debate amongst U.S. policymakers about the way forward for cryptocurrency regulation. With the SEC going through authorized setbacks, the query arises whether or not its present method is efficient and even acceptable, a degree that Emmer’s newest tweet underscores.ConclusionBecause the SEC grapples with authorized challenges and elevated scrutiny, Tom Emmer’s tweets function a well timed critique from a high-ranking authorities official. His feedback recommend that the controversy over the regulatory panorama for cryptocurrencies is way from over, and so they name into query the SEC’s present technique.Picture supply: ShutterstockSupply: https://blockchain.information/information/us-house-majority-whip-tom-emmer-challenges-secs-stance-regard-xrp-and-bitcoin-etf-following-legal-setbacks

Bitcoin Inscriptions: Security Flaw Flagged as Cybersecurity Risk by NVD

The National Vulnerability Database (NVD) has raised concerns about a security flaw in Bitcoin’s inscriptions, which was exploited in 2022 and 2023 by a protocol called Ordinals. This vulnerability allows data to be hidden as code in certain versions of Bitcoin Core and Bitcoin Knots. The NVD is a database managed by the National Institute of Standards and Technology (NIST), which highlights cybersecurity risks for public awareness.

This vulnerability could have a significant impact on the Bitcoin network. It may lead to an influx of non-transactional data flooding the blockchain, causing network congestion, slower processing times, and increased fees. Bitcoin Core developer Luke Dashjr raised the issue on X (formerly Twitter), comparing it to receiving junk mail that slows down the process of finding important messages.

Ordinals, a protocol introduced in late 2022, made data embedding more popular in Bitcoin. It allowed unique digital arts to be directly embedded into Bitcoin transactions, similar to nonfungible tokens (NFTs) on the Ethereum network. However, the volume of Ordinals transactions has led to network congestion and increased fees. If the vulnerability is patched, it could restrict Ordinals inscriptions on the network, potentially affecting the existence of Ordinals and BRC-20 tokens. Existing inscriptions, however, would remain due to the immutability of the network.

To read the full article, click here.

USA Senators Emphasize Need for Immediate Crypto Tax Action

On October 10, Senators including Elizabeth Warren, Bernie Sanders, and five others sent a letter to Treasury Secretary Janet Yellen and the IRS’s Daniel Werfel about cryptocurrency taxes. They kicked off the letter by addressing the new proposed tax rule for crypto brokers. They expressed their concerns about a two-year delay in putting this rule into action. This delay, they emphasized, not only goes against the bipartisan Infrastructure Investment and Jobs Act but also disadvantages honest Americans and results in a significant loss of potential tax revenue for the government. The rule in question asks brokers to give crypto users the necessary tax information via an updated 1099 form. This also allows the IRS to have a clearer picture of income from crypto transactions, making it easier to spot potential tax dodgers. The

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https://coinmystique.com/peach-bitcoin-celebrates-one-12-months-anniversary-with-launch-of-model-0-3/?feed_id=20060&_unique_id=65767f3e3325a

Peach Bitcoin has formally launched Peach 0.3, whereas coinciding with the one yr anniversary of the corporate. This new model introduces new options, a complete pockets that seamlessly integrates with the app, enabling customers to handle their bitcoin holdings effortlessly. With this improve, customers can ship and obtain bitcoin and fund a promote supply with only a few clicks. One standout function of this pockets is its UTXO administration accessibility, making coin management simpler for everybody. It additionally integrates an tackle checker to confirm if an tackle belongs to your pockets, guaranteeing added safety. Peach emphasizes particular person sovereignty and self-custody, and customers retain full management of their personal keys with a 12 seed phrase setup.“Some people will join Peach because they align with our values,” stated Peach Bitcoin’s co-founder, Steph. “But the mass who will use Peach will do so because it’s the best product at their disposal.”In an effort in the direction of democratizing bitcoin entry, Peach can also be increasing its attain to the International South, together with Latin America and Africa. Peach’s KYC-free resolution for buying bitcoin goals to empower people in areas the place conventional monetary companies could also be restricted. The app has built-in currencies and fee strategies from international locations together with Argentina, Colombia, Costa Rica, Chile, Mexico, Peru, Venezuela in Latin America, and Congo, Côte d’Ivoire, Nigeria in Africa. Peach can also be eager to collaborate with native Bitcoin meetups and communities on the bottom, facilitating money purchases of bitcoin and sharing income from each commerce accomplished through these meetup or group teams.With Peach 0.3, the corporate can also be releasing its verifiable supply code, permitting builders and fanatics to delve into the internal workings of the app. This initiative goals to encourage innovation and collaboration inside the Peach ecosystem. Peach app adopts the MIT-CC license to make the code verifiable whereas safeguarding its mental property and totally opensourcing tech integrations like batching transactions and Nostr integration below the MIT license.Peach Bitcoin’s key options embrace the quickest peer-to-peer bitcoin buying and selling out there, averaging simply 9 minutes to finish a contract. It employs a 2 out of two multi-signature escrow between Peach and the vendor, turning into a single signature for Peach after 30 days in case of a dispute. Person knowledge is end-to-end encrypted and saved on the person’s gadget, not on the corporate’s server. The app additionally boasts an in-app chat and dispute administration system with round the clock buyer assist and excessive purchase liquidity, that includes over 600 purchase provides obtainable always.As a particular deal with for the launch of Peach 0.3, the corporate is introducing the promo code “OPENSOURCE,” which grants customers one free purchase commerce and sats again for promoting Bitcoin.Supply: https://bitcoinmagazine.com/enterprise/peach-bitcoin-celebrates-one-year-anniversary-with-launch-of-version-0-3

The move comes after the Financial Conduct Authority imposed restrictions on its U.K. partner REBS.

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