Eneko Peribañez Garcia
@enekogarcia
175 Following
62 Followers
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📊 Current State of the Cryptocurrency Market - September 12, 2024
The cryptocurrency market has shown interesting movements in the last 24 hours. Here’s a summary of the key highlights:
1. Market Capitalization: The global cryptocurrency market capitalization is approximately **$2.09 trillion**, representing a 1.7% increase in the last 24 hours.
2. Bitcoin (BTC): Bitcoin's price stands at $56,797.74, with a 3.1% increase in the last 24 hours. Bitcoin continues to dominate the market with a 53.6% share of the total market capitalization.
3. Ethereum (ETH): Ethereum has also performed well, reaching **$2,350.79**, which is a 1.9% increase in the last day.
4. Notable Altcoins:
- Solana (SOL): Currently trading at $134.24, with a 2.8% increase in the last 24 hours.
- Dogecoin (DOGE): Up by 6.8%, now at $0.1030.
- Toncoin (TON): Notably increased by 6.1%, reaching **$5.20**.
In summary, the cryptocurrency market is experiencing positive growth, with Bitcoin and Ethereum leading the way. 0 reply
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"Cryptos vs CBDCs? Reflecting on a Class Discussion"
Today in class, my professor criticized cryptocurrencies as unstable and unreliable, while advocating for CBDCs (central bank digital currencies) as the future of digital money. He argued that CBDCs offer better security and control to prevent fraud.
I responded that, technically, CBDCs run on centralized infrastructure, giving authorities total control over transactions. While this improves efficiency, it raises concerns about privacy and censorship. Cryptocurrencies, like Bitcoin, use public blockchains to ensure security and transparency through decentralized consensus, removing intermediaries and granting user autonomy. Despite issues like scalability and volatility, their decentralization makes them more resilient to manipulation.
We need balanced debate on both technologies. Who do you think won the argument? #Crypto #CBDC #Decentralization 0 reply
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