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Admittedly, regulation can be overly cumbersome and disasters still fairly frequently occur in traditional finance. Yet, those who still remain crypto evangelists should pause and think – if FTX had been subject to greater oversight, a lot of grief would have been avoided and many individuals and business would still have access to their money. Crypto philanthropy platform, The Giving Block, said it has so far facilitated crypto donations worth $125 million from more than 1,000 organizations. The team at The Giving Block also noted that by the end of 2022, crypto donors had donated $172 for every dollar in Bitcoin’s market cap. This number is a 41% increase from 2021’s crypto donation figures. Although Bitcoin went down slightly during the weekdays, the moment Friday, the digital coin was back at its zenith, reaching 69K USD.
A stronger U.S. dollar, for example, will weigh on emerging-market economic prospects, since developing countries have taken on so much dollar-denominated debt in the past decades. "This is because low-income countries have long suffered because their currencies are weak and extremely vulnerable to market changes and that triggers rampant inflation. "But this small Central American nation has embraced the biggest one of them all – Bitcoin – and recognised it as official legal tender. I do not hold a position in any crypto asset or cryptocurrency or blockchain company. Unconfirmed rumour suggests that a lot of fake Chivo wallet signups to get the $30 signup bonus were being done by the drug gangs, in bulk.
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The global gambling market size reached a value of nearly 449.3 billion US-Dollar in 2018. A further look into the statistics shows that the annual growth rate of the sector lays around 4% since 2014. Moreover, experts and analysts expect the sector to grow at an annual growth rate of almost 6% by 2022. This would result in a value of nearly 565.4 billion US-Dollars. Many have raised their concerns about the new currencies, seeing them as highly speculative and unsustainable.
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