bitcoin as official currency...

looks like Venezuela is ditching its currency and to adopt bitcoin as its official currency... what do you guys think?

Any of our banks working on Blockchains or DeFi?

Blockchain is a decentralized technology that enables secure and tamper-proof storage of information across a network of computers. While cryptocurrency, such as Bitcoin and Ethereum, is a prominent application of blockchain, the technology has broader uses and potential applications beyond digital currencies.

The current banking system is primarily based on fiat currencies, such as the US dollar (USD), Singapore dollar (SGD), and euro (EUR). Fiat currencies are government-issued currencies that derive their value from the government's guarantee, rather than being backed by a physical commodity like gold. As a result, banks operate within traditional, centralized financial systems to manage and facilitate the exchange of these currencies.

There are roughly 10,000 cryptocurrencies in circulation. However, the number can vary slightly depending on the source and whether inactive or discontinued cryptocurrencies are included. It's also important to note that a significant portion of these cryptocurrencies may not be actively traded or have substantial market capitalization.

why is bitcoin worth usd 95k?
because big whales like blackrock is in cohoots with the Fed to support the price?