How do you actually handle swaps from e.g. $BTC (-0.34%) to $USDC (+0.13%) or other stablecoins in Getquin? It's not really a sale, especially as I'm planning to reinvest the amount. I created a transaction in USDC and took the cost basis (profit) with me, but somehow the $BTC (-0.34%) decrease. If I also enter a sale, I have realized a profit, although this is not correct. I would be very happy to receive tips from you or that Getquin integrates a solution for this. Thank you very much.
Discussion about USDC
Posts
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1Mon·
Kevin Warsh: Favorite for US Treasury Secretary and his potential impact on the crypto market
Kevin Warsh, former governor of the Federal Reserve and currently Senior Fellow at the Hoover Institution, is considered the 51% favorite to become US Treasury Secretary under the new Trump administration, according to Polymarket. His pragmatic stance on cryptocurrencies - from recognizing the potential of Bitcoin to supporting a digital US dollar - makes him a key figure who could have a decisive impact on the crypto market.
Who is Kevin Warsh?
Kevin Warsh was a member of the Federal Reserve Board from 2006 to 2011 and played a central role in stabilizing the markets during the 2008 financial crisis. He is known for his deep expertise in monetary policy and his ability to integrate technological innovations such as digital currencies into economic policy considerations. His views combine traditional market approaches with an openness to modern financial technologies.
What power does the US Secretary of the Treasury have?
The US Secretary of the Treasury is one of the most important economic policy makers in the government. The person in this office steers US fiscal policy, oversees the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN), and influences international financial relations. Particularly relevant for cryptocurrencies is the role of the Secretary of the Treasury in working with regulatory authorities such as the SEC, CFTC and the Federal Reserve. The Secretary of the Treasury can therefore directly influence the regulation and integration of cryptocurrencies and blockchain technology in the financial system.
How crypto-friendly is Kevin Warsh?
So far, Warsh has mainly commented on Bitcoin, describing it as the "new gold". His proposal to develop a digital US dollar (CBDC) shows that he takes the potential of blockchain technology seriously. However, his criticism of speculative tokens suggests that he does not have an unreservedly pro-crypto stance. His approach is probably balanced: Support for established cryptocurrencies and technologies, but with clear regulation to protect consumers and the financial system.
Warsh's statements and positions on cryptocurrencies:
1. support for a US digital dollar (CBDC)
As early as 2018, Warsh proposed the introduction of a "FedCoin", a central bank digital currency (CBDC) to secure the international leadership role of the US dollar. He stated: "The Federal Reserve should consider a 'FedCoin'." Warsh argued that a digital dollar could help compete with other countries such as China, which are already working on state-controlled digital currencies. The "FedCoin" could serve as a complement to traditional payment methods.
2 Bitcoin as digital gold
In an interview in 2021, Warsh described $BTC (-0.34%) as a kind of "new $GOLD ". He explained: "If you're under 40, Bitcoin is your new gold." Warsh pointed out that Bitcoin is a way for younger generations to hedge against fiat currency risks. He emphasized that Bitcoin could become more important in an environment of expansionary monetary policy by the Federal Reserve.
3. skepticism towards speculative tokens
While Warsh recognizes the potential of established cryptocurrencies such as Bitcoin, he remains critical of speculative tokens with no clear benefit. He warned: "Such projects not only endanger investors, but also undermine confidence in the entire industry."
4 Blockchain as a transformative technology
Warsh sees blockchain technology as having the potential to make the financial infrastructure more efficient and transparent. He explained: "Bitcoin and the underlying technology could fundamentally change the financial world."
Conclusion
Kevin Warsh combines a pragmatic and forward-looking approach to cryptocurrencies. His appointment could lead to a balanced approach that encourages innovation in blockchain while introducing regulations to protect investors and the stability of the financial system. His potential support for a US digital dollar would reshape the global financial order and could support private stablecoins such as $USDT (+0.12%) or $USDC (+0.13%) under pressure. However, it remains to be seen whether Warsh will actually be nominated as Treasury Secretary, as the final decision has yet to be made.
Sources:
Polymarket Betting Market: https://polymarket.com/event/who-will-trump-nominate-for-treasury-secretary/will-trump-nominate-kevin-warsh-for-treasury-secretary?tid=1732035823612
Claims:
Cointelegraph: https://de.cointelegraph.com/news/former-us-federal-reserve-governor-says-federal-digital-currency-deserves-consideration
BeInCrypto: https://de.beincrypto.com/kevin-warsh-wenn-du-unter-40-bist-ist-bitcoin-dein-neues-gold/
Decrypt: https://decrypt.co/53378/federal-reserve-governor-bitcoin
Crypto News Flash: https://www.crypto-news-flash.com/de/bitcoin-ehemaliger-fed-gouverneur-erwartet-fortsetzung-des-bull-runs/
polymarket.comWho will Trump pick for Treasury Secretary?
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18 Comments
I'm surprised that Howard Lutnick is at 1%, even though Elon has publicly spoken out in his favor🧐
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5Mon·
The luxury car manufacturer
Ferrari
$RACE (-0.15%) will be in Europe 🇪🇺 Bitcoin
$BTC (-0.34%) and other cryptocurrencies as a means of payment accept.
Ferrari is expanding its payment system for cryptocurrencies to Europe by the end of the month and to other countries by the end of the year.
Customers can pay via BitPay in Bitcoin, Ethereum
$ETH (-0.64%) and USDC
$USDC (+0.13%) whereby the amounts are converted into traditional currencies.
2Yr·
𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟮𝟮.𝟬𝟰.𝟮𝟬𝟮𝟮
Hello getquinners!
It’s been a turbulent start to the week, so let’s see how the rest of it goes :
𝗦𝗽𝗲𝗰𝗶𝗮𝗹 - 𝗙𝗿𝗮𝗻𝗰𝗲🇫🇷:
1. French elections
On Sunday, the French presidential elections will be drawing to a close. This year, there were 12 candidates, including Emmanuel macron and Marine Le Pen. Macron belongs to the liberal political party “La République en Marche” and Le Pen to the right-wing populist party “Rassemblement National”. In 2017 voter participation was at 77%. The two parties with the most votes enter the second round, and it is in this round that the winner is chosen as France’s head of state for five years. Re-election is only possible once. Candidates must have at least 500 signatures from elected representatives, coming from at least 30 departments, including overseas territories. With this, they can both join and represent a party, as well as run independently
The winner of this election will be France’s head of state for a period of 5 years.
🟥 $EWQ (-1.02%) iShares MSCI France ETF, $34.45 (🔽-0.58%)
More on the elections with Handelsblatt, as well as possible implications and the importance of this election: https://bit.ly/3rJozVH
𝗪𝗲𝗹𝘁🌎🌏🌍:
2. Stripe jumps into crypto
Online payments unicorn, Stripe, have made the leap into cryptocurrencies by introducing a feature which would let Twitter $TWTR users be paid in stablecoin. Starting today, this feature will be available to a select group of creators on the Twitter platform. Payments will be in $USDC (+0.13%) and this will be Stripe’s first push into crypto since dropping support for Bitcoin four years ago.
🟥 $USDC (+0.13%) USD Coin, $0.9999 (🔽0.17%)
CNBC has more on the story here: https://cnb.cx/36D4Q2x
3. Musk secures funding for Twitter takeover attempt
Tesla $TSLA (+7.94%) CEO Elon Musk has secured acquisition financing. The billionaire is aiming to take the social media platform Twitter $TWTR private in a deal which would include the “biggest acquisition financing ever put forward for one person”. It would be a majority equity-financed takeover, contrary to most buyouts, as banks do not believe that the San Francisco Twitter $TWTR has enough cash-flow to justify more debt exposure.
🟩 $TWTR Twitter Inc, $45.44 (🔼+5.42%)
Want to know more of the ins and outs of this (potential) deal? https://reut.rs/3v2c9dA
4. Coinbase launches beta version of its NFT marketplace
"ATTN: INTERNET: Our beta is officially live!" - that was the tweet announcing Coinbase's NFT marketplace. The marketplace was announced back in October, and this week the beta testing phase has started. At first glance, the new NFT marketplace looks like a cross between Instagram and Opensea. Collected NFTs can be presented on profiles and you can connect other wallets like Metamask.
Are you interested in the marketplace? Read more about it here: https://www.thestreet.com/crypto/news/coinbase-launches-beta-version-of-nft-marketplace
5. Moonbirds NFTs have made a multi-million dollar debut!
Record-breaking trading volume: Moonbirds NFTs have officially made their debut, showing that they are more than just an avatar. The team sold $300 million in volume in 4 days. The Alpha/Social Club was limited to 1,000 members. Proof's most famous member is Kevin Rose.
Are you NFT lovers? Read more about Moonbirds on https://www.coindesk.com/layer2/2022/04/18/moonbird-nfts-are-a-bet-on-kevin-roses-rep/
6. 15,000 litres of chemicals leaked at Tesla paint shop in Grünheide
The accident in the drinking water protection area in Brandenburg causes protest, associations demand clarification. The Tesla factory opened only a month ago and now there are contradictory statements as to whether the incident occurred inside or outside a building. The company has not yet commented on the accident.
Are you asking for an official statement? Unfortunately, we couldn't find an English source. Read more in German here: https://www.tagesspiegel.de/berlin/havarie-einen-monat-nach-der-eroeffnung-15-000-liter-chemikalien-in-tesla-lackiererei-ausgelaufen-verbaende-fordern-aufklaerung/28262414.html
Stock of the day:
🟩 TOP, $SIVB SVB Financial Group (🔼+13.29%)
🟥 FLOP, $HCA (-0.76%) HCA Holdings Inc (🔽-15.05%)
🟩 Most searched, $NVDA (+4.11%) Nvidia (🔼+1.10 %)
🟩 Most traded, $PYPL (+1.09%) PayPal Holdings Inc (🔼0.47 %)
🟥 S&P500, $4,367.96 (🔽-0.58%)
🟥 DAX, 14,222.61 € (🔽-1.92%)
🟥 $BTC (-0.34%) Bitcoin ₿, $40,387.80 (🔽-0.24%)
Time: 16:15 CEST
Did you know that the first share, or rather the oldest known preserved share, in the world was for a 12.5% stake in Stora $STERV (-0.65%) back in 1288?
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3 Comments
Aren't indices quoted in points? You write a currency sign everywhere. At the bottom of the DAX, for example
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2Yr·
What do you think about Usdc or Tether staking at FTX or CRO? Are these 10-12% p.a. really risk free or where is the catch? Who is liable if the margin call is not covered? Is there anyone who knows more about this?
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12 Comments
What do you mean by the margin call? There is no leverage or the like. I have now about 1 year usdc with 12% inside and have there little concerns because CDC is well hedged. Unfortunately, the interest rates have now been sharply reduced. But that has nothing to do with real staking.
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