Poolder at Legends4Legends and Bitcoin Amsterdam
Last week, Poolder attended Legends4Legends 2024, a leading event that focused on the latest trends within the financial world. Topics such as AI and stablecoins, which we at Poolder work a lot with, were discussed at length. What particularly stood out was that the sector has become increasingly mature compared to the years before which contributes to a more stable and reliable environment for investors.
In addition, Poolder attended Bitcoin Amsterdam, where the latest developments surrounding Bitcoin were discussed. It became clear that Bitcoin is not just about the exchange rate but rather about creating an open network of value whose positive aspects are becoming increasingly apparent to a larger group of people.
EURC stablecoin reaches all-time high of over $90 million
Circle recently expanded its EURC stablecoin offering, reaching an all-time high of over $90 million! The expansion of the EURC stablecoin offering is in response to the increasing demand for digital euros. The use of stablecoins is gaining acceptance in Europe, where they serve as a secure and efficient option for financial transactions. The increase in the supply of EURC also shows the wider acceptance for the use of cryptocurrencies as a means of payment within the European market.
Tesla confirms: no Bitcoin sold
Tesla has confirmed it has not sold any Bitcoin, despite recent wallet moves. The company still holds 11,509 BTC, worth about $776 million. Tesla invested in Bitcoin to diversify assets and promote acceptance of cryptocurrencies. The decision to leave all Bitcoins on the company’s balance sheet, despite market fluctuations, points to the long-term potential of the cryptocurrency and removes the crypto community’s concern for potential selling pressure.
Bitcoin documentary forces Peter Todd into hiding
Peter Todd, prominent cryptographer and Bitcoin expert known for his contributions to the development of the technology behind Bitcoin, has decided to go into hiding out of fear for his safety. The controversial HBO documentary “Money Electric: The Bitcoin Mystery,” in which he is named as a possible creator of Bitcoin, has led to speculation about his role in the crypto world. Todd has been regularly harassed and threatened since the broadcast. This situation highlights the tensions and risks associated with Satoshi Nakamoto’s identity and the impact of public perception on individuals in the cryptocurrency community.
