abrahamwilson

@abrahamwilson

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The solution isn’t dumbing down the technology. It’s elevating the user experience. Take layer-2 scaling solutions: Instead of expecting users to understand the intricacies of rollups or state channels, we should focus on delivering the benefits (faster, cheaper transactions) through intuitive interfaces.

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Centralized exchanges are ahead of the game and have made significant strides in user experience, proving that crypto can be accessible without compromising functionality. The broader DeFi ecosystem, however, lags behind and often resembles early command-line interfaces rather than modern applications. Connecting wallets, understanding gas fees and navigating smart contract interactions remain significant barriers to entry.

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Most tech giants understand this principle well. When you send money through Venmo or PayPal, you don’t need to comprehend the SWIFT network’s intricacies. You simply enter a phone number or email address. Similarly, streaming services like Netflix transformed media consumption by making the experience seamless rather than bogging consumers in technical complexity. The sophistication of these platforms lies not in their technical sophistication but in how effectively they hide it.

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An appellate court will also likely rule on a third legal matter over a 2022 request from Coinbase for the SEC to create “potential rules to identify which digital assets are securities.”

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Separately, Coinbase filed Freedom of Information Act lawsuits against the SEC and Federal Deposit Insurance Corporation in 2024 over allegations US government agencies had attempted to debank crypto firms.

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“No regulators have explicitly stated that USDT isn’t compliant, but this does not mean that it is,” Juan Ignacio Ibañez, a member of the Technical Committee of the MiCA Crypto Alliance, told Cointelegraph in a Dec. 29 report.

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Wood also reiterated her optimistic outlook for BTC price, maintaining her prediction that the cryptocurrency could exceed $1 million by 2030 — having surged beyond $108,000 this year.

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She anticipates a resurgence in “liquidity events” as buyers reenter the market without previous regulatory constraints, allowing the market to engage more transparently and freely in price discovery for new companies.

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The largest share of US-located Bitcoin ATMs is held by Bitcoin Depot, which has at least 8,100 crypto exchange machines.

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Byte Federal operates 1,356 Bitcoin ATMs in the US, accounting for 4.3% of all crypto ATMs in the country, according to data from CoinATMRadar.

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The ATM firm also urged customers to reset their login credentials and said they may be asked to verify their personal data and confirm their identities for their protection.

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However, according to data from Solana block explorer Solscanner, one wallet sniped HAWK seconds after launch, purchasing 17.5% of the supply of the memecoin for 4,195 Wrapped Solana (WSOL) — worth $993,000 at the time.

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In a Dec. 5 post to X, Haliey Welch’s official account denied selling any tokens or giving free tokens to KOLs, saying they launched the token on decentralized liquidity protocol Meteora to reduce sniping risk.

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According to aggregated data from Bubblemaps and Dexscreener between 80-90% of the supply was controlled by a group of “insider” wallets.

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However, the price of the token rapidly plummeted and is currently trading at a valuation of just $41.7 million at the time of publication, marking a 91% downturn in less than three hours, according to DexScreener data.

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On Dec. 4, Welch launched the HAWK memecoin, which quickly rallied to a peak market cap of $490 million.

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Viral influencer Haliey Welch has courted controversy following her move to launch a Hawk Tuah memecoin (HAWK) which briefly pumped and then dumped over 90% in the span of just four hours.

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In reaching $100,000, Bitcoin’s market capitalization has also reached a new high, hitting $2 trillion for the first time ever.

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Bitcoin has seen a 126% increase in value since Jan. 1, when it was trading at about $44,000.

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The year has seen more than $31 billion in net inflows from the spot Bitcoin exchange-traded funds in the United States, along with tightened supply from Bitcoin’s fourth halving in April.

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