Crypto | Bitcoin | Ethereum | Altcoin | News

18 Feb 2023 10:20

😌For all the doubters, you can buy yourself an oceanfront condominium with bitcoins.

📍 El Zonte, El Salvador

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

17 Feb 2023 16:36

⚡️How does bitcoin react to inflation?

As you can see, the dependence of the BTC exchange rate on inflation is insignificant. There is a correlation only in the short term. And in the medium term, the rate rose after bad data and fell after good data💰

💭It is important to pay attention to the dynamics and rhetoric of Fed Chairman Jerome Powell

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

16 Feb 2023 15:00

On June 1st, 2023, Hong Kong will officially make crypto trading fully legal for all of its citizens

Expect a huge influx of big money from the East

Asian currency based stablecoin coming out of HK will be a certainty as well

Justin Sun repeatedly said that the next bull market will be driven by money from the East like the old times prior to 2020.

In 2017 bull market, BTC CNY (Chinese Yuan) pair was still very dominant. People have made fortunes arbitraging Yuan pair and US dollar pair.

That was gone when China banned crypto. But it will be back soon, with even more currency pairs.

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

15 Feb 2023 22:10

🥇 BTC price above $24,000.

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

15 Feb 2023 08:57

NFT Collection Royalties 🖼

One of the unique features of NFT is the ability to profit from resale. For example, in February 2020, digital artist Beeple's work "Crossroads" was resold in a secondary sale for $6.7m. Beeple himself received a 10% royalty on this resale.

↗️ The NFT royalty is a certain commission that the creator of the NFT receives from each resale of his art.

- The percentage of commission is set by the developer himself. As a rule, this figure varies from 0% to 10%. When trading on NFT-marketplaces you can find this % in the "Creator Fee" section.

- But "Creator Fee" is not the main source of income in NFT-projects. Statistically, most collections earn from mint >50% of total profits.

📔 An interesting fact: in the later stages of ETH-project development, royalties are a small fraction of a percentage of the total profit. Capital gains after the launch date of the collection compared to the total amount of money earned are extremely small. But if you abstract away from the total amount of money in the project, the amounts received from the commission seem quite impressive.

🟠In the new infographic you can see the largest royalties received by NFT collections.

❔ Do you have any collections in your NFT-portfolio that are written in our infographics?
👍 - Yes
👎 - No

If yes, then write the collection name in the comments 🔽

🤝 Cryptocurrency Inside | Telegram | Chat | Partner

Crypto | Bitcoin | Ethereum | Altcoin | News

14 Feb 2023 14:36

⚡️ BREAKING: #CPI for January just came in at 6.4% above expectations of 6.2%

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

14 Feb 2023 11:14

📊 Today we are expecting the release of inflation (CPI) data in the US.

Current inflation is at 6.5%. The market expects a decrease to 6.2%, although no change in inflation was forecast in January.

📜 Scenarios:

• 6.6% or higher — sell-off across all markets.
• 6.3%-6.5% — a lighter sell-off.
• 6.2% — a normal, even good scenario.
• 6.1% or lower — a good scenario for markets to turn green.

Previously, CPI was calculated based on consumption over the past 2 years. From now on, the data will be based on 1 year of consumption.

👉🏻 It is possible that the change in the calculation model will have a significant impact on the results 🤔

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

13 Feb 2023 12:28

🚨Crypto Firm Paxos to Stop Issuing Dollar-Pegged Binance BUSD 💰 Token

The New York Department of Financial Services ordered Paxos Trust Co., which issues and lists Binance’s dollar-pegged cryptocurrency, to stop creating more of its BUSD token, Binance said in a statement. Paxos will continue to manage redemptions of the product.

Source

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

13 Feb 2023 10:00

⚡️According to ARK Invest By 2030, 5.6 billion people (65% of the world's population) will use digital wallets that will replace traditional banks and credit cards.

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

12 Feb 2023 18:08

LIQUID STAKING 🧥

Liquid staking is delegating your tokens to a service that "bets" without losing access to your funds.

↪️ The main advantage of liquid staking is the ability to access your funds even when you are staking them. Funds remain in escrow, but not "locked up" as they would be with steaking.

➡️ Liquid Staking VS Staking
With "regular" staking, when you put the coins in, you have to lock them in for a certain amount of time. This way you don't have the possibility of selling them quickly. If there is a drop in value during the blocking period, you are not able to sell quickly. With liquid stacking, you have the ability to add and remove funds as you see fit (usually with the trade-off of a lower APY).

🪐 How does it work? (using ETH as an example)
- By placing your ETH tokens, you will receive a return on your bid, as well as an equivalent amount of stETH tokens (or "pledged ETH") for an equivalent amount as proof of token placement. The current APY for placing ETH tokens is ~5.1%.

- Now, in addition to earning income in ETH through the liquid stacking protocol, you can trade, stack, or do anything else with your stETH. This includes using tokenized funds as collateral or receiving rewards on another lending platform. You can use the resulting stETH in the same way you would use ETH.

- Getting access to your original ETH will require all of the stETH to be exchanged back. Conditions may vary depending on the platform.

➡️ Currently one of the most popular platforms is Lido Finance. It offers liquid rates for five cryptocurrencies - Ethereum (ETH), Solana (SOL), Polygon (MATIC), Kusama (KSM) and Polkadot (DOT).

🟠In the new infographic you can see TVL services providing liquid staking.

❔ Have you ever used liquid staking?
👍 - Yes
👎 - No

🤝 Cryptocurrency Inside | Telegram | Chat | Partner

Crypto | Bitcoin | Ethereum | Altcoin | News

11 Feb 2023 21:10

ROUNDS OF INVESTMENT ATTRACTION 🏆
ㅤ
A development team with a brilliant idea and project strategy often becomes a gold mine in the early stages, obtaining capital through funding rounds. It's a great way for them to raise funds to pay off initial costs.

If foundations or gas pedals put a lot of money into a project, that's clearly saying something.

* the post talks about a way to raise funds through selling tokens.

🔤 Fundraising rounds:

• 1. Pre-seed round
Pre-seed round. This stage of business idea vetting. It is often not included among the official stages.

Pre-seed is usually closed by business angels, gas pedals, or foundations. Compared to VC, business angels are wealthy individuals who most often work alone.

• 2. Seed-round
Seed-round. This is one of the longest rounds. It can last more than a year, with several restarts. At this stage, the viability of the product in the market is checked.

Most of the investment is attracted from venture capital funds. In some cases, the venture capitalists have already developed an idea of the type of business they wish to start, and then decide on the optimal time to start the business.

• 3. Private round
Private round. It is more "expensive" to enter, but also more reliable. At this stage, the project has a team, advisors, and sometimes a finished beta product. Such rounds often have a limit on the number of investors.

Both seed and private rounds are stages designed for partners who are able to provide competent marketing on partnership terms or solid financial support.

• 4. Series A
By this point, the startup is already starting to show momentum in terms of the number of users, reviews, and revenue.

• 5. Series B,C..
Often, having reached this point, the project has already demonstrated its performance and seeks to scale. Investments in Series B and C rounds come from venture capital firms and past investors wishing to participate in a new round.

• 6. Public sale
This stage sells tokens left over from previous rounds. It is conducted in partnership with a startup site (CoinList, Tokensoft) on a First-Come-First-Served basis.

It is important to understand that these are just the main rounds, in addition to which there may be other rounds. For example: Series D, Venture round, Debt round, etc.

There are also no clear rules on how the fundraising should be conducted. Everything is individual. Depending on how much money the project wants to raise, how many investors they need, what the price tag for the rounds is, etc.

❔ Interesting question: what do you think, on which round is the most money statistically attracted?
👍 - Pre-seed
🔥 - Seed
❤️ - Private

If you have another answer, please write it in the comments ⬇️

🤝 Cryptocurrency Inside | Telegram | Chat | Partner

Crypto | Bitcoin | Ethereum | Altcoin | News

11 Feb 2023 12:40

🔵 Ethereum founder Vitalik Buterin donates 99 $ETH ($150,000) to support victims of the Turkey-Syria earthquake.

The news comes from Etherscan transaction data, which show a movement of 99 ether from wallet address vitalik.eth to a wallet labeled "Ahbap Yardım / Earthquake Support" (0xe1935271D1993434A1a59fE08f24891Dc5F398Cd).

The recipient wallet currently holds about 393 ether, worth almost $600,000 at current prices. The combined value of its holdings is greater than $1.55 million.

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

10 Feb 2023 14:14

🚨Mississippi Senate passes historic bill protecting 🥇Bitcoin mining 🇺🇸

“It shall be legal in the State of Mississippi to run a node for the purpose of home digital asset mining” and “operate a digital asset mining business”

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

10 Feb 2023 08:24

Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan

”We have to be prepared for that, not only in this country but in other countries around the world … You hope it doesn’t happen, but hope is not a strategy — so you prepare for it.“

Source

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

09 Feb 2023 14:36

🆘 LocalBitcoins, a pioneering P2P trading platform, announces closure after a decade in operation.

👉🏻 Users have 12 months to withdraw funds before shutdown❗️

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

17 Feb 2023 17:38

There was a FUD that Binance is about to delist all US-based coins

CZ did not confirm the rumors

❗️Always check for official statements in order not to become the victim of False News

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

16 Feb 2023 20:24

RATING OF NFT-PLATFORMS 🫙

Over the year 2022, competition between the leading NFT platforms has intensified dramatically. Even despite the strong decline in activity in the NFT & Metaverse sector, new projects, including marketplaces and aggregators, continue to enter the market.

🔤 Market Situation:
In 2020, the NFT market was valued at $100 million, and by the end of 2022, it had grown 122 times to $12.2 billion. In Q1 2022, NFTs performed incredibly well, reaching a peak trading volume of more than $800 million in a single week. Beginning in June, however, a "gloom" came to the market that continues to this day.

🔵OpenSea's sales volume on the Ethereum blockchain fell to $450 million in December. To be clear, trading volume was $2.6 billion in May and peaked at $4.8 billion in January. But despite this, OpenSea is still the dominant player, monopolizing ~60% of the market.

🔴New projects are constantly arriving on the market and trying to take their place under the sun, among which there are NFT-aggregators. One such project is Blur. Fully launched in October 2022, it is already leading the way in terms of trading volume. The aggregator has attracted a lot of excitement thanks to its airdrop, which culminated in the distribution of the BLUR token. The distribution will be made among the users who actively traded on the site and bid on collections.

🔵If we bring up the issue of commissions, currently the most profitable site with only 0.5% commission per sale is X2Y2. In comparison, OpenSea is 2.5%, MagicEden and LooksRare are 2%.

🟠In our new infographic, you can check out the ranking of NFT-platforms.

❔ Do you think Blur can take the lead in trading volume over the next 2 months?
👍 - Yes
👎 - No

🤝 Cryptocurrency Inside | Telegram | Chat | Partner

Crypto | Bitcoin | Ethereum | Altcoin | News

16 Feb 2023 13:36

🥇 Price of Bitcoin up +50% this year.

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

15 Feb 2023 14:14

⚡️Robert Kiyosaki: it's time to buy bitcoin, because "everything will collapse"

The author of the bestseller "Rich Dad, Poor Dad" believes that the world economy is about to collapse. According to the financier's forecast, all key assets, including precious metals and bitcoin, will fall in price📊

But this is not a cause for concern, Kiyosaki is sure. You just need to prepare in advance for shocks and buy cryptocurrency at comfortable prices. It's time to get rid of dollars, and the money should be invested in 💰 BTC, gold and silver.

The financier says he will buy cryptocurrencies and precious metals

Do you believe in Kiyosaki's predictions?🤔

Yes — 👍
No — 👎

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

14 Feb 2023 16:26

TRX network just reached a all time high for network fee.

To send 1$ will cost you 4
.33$ 🤡

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

14 Feb 2023 11:59

"It took $BTC 6 months to get 1,000 users; 5 years to find 1 million users.

Today, 14 years from inception, it has 300 million+ users, 4% of the world.

At current growth rates, 1 billion users will be hit in the next 3 years. That's 12% of the world."

Willy Woo, Bitcoin analyst

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

14 Feb 2023 07:59

📁 Key Dates to Watch This Week 👀

14 Feb: US #CPI (Expected 6.2%)

15 Feb: US Retail Sales (Expected 0.9%)

16 Feb: US #PPI (Expected 0.4%)

16 Feb: US Unemployment Claims (Expected 200K)

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

13 Feb 2023 12:04

📈What is cryptocurrency staking?

The U.S. SEC wants to ban staking. Let's refresh our knowledge of this process and think about what the regulator can and cannot ban🤔

🔼Staking is an alternative to mining in cryptocurrencies on the Proof-of-Stake algorithm, where a certain number of coins are blocked in order to qualify to participate in transaction verification. As with mining, the blockchain relies on rewards in network tokens to keep it running📊

In POS cryptocurrencies, validators are responsible for verifying transactions and creating new blocks in the blockchain by placing their coins on the stack. These can be either the validator's own coins or funds received from other users.

For example, to create an Ethereum stack, a minimum of 32 ETH must be blocked. This amount may be too high or the user doesn't want to set up a node and check transactions, i.e. be a full-fledged validator. In that case, you can transfer your ETH to another validator, who will split the reward with you. And the transfer process itself can take place through an intermediary, such as a cryptocurrency exchange or DeFi service.

In this case, staking actually turns into a form of passive income, where you transfer cryptocurrency to a third party and get a percentage for it. It works just like a deposit in a bank📈

🔽The SEC wants to ban staking because from their point of view it is an illegal financial service that no one has been licensed for. Banks have a license for deposits, but crypto exchanges don't have a license for staking

Based on this logic, the regulator could require all centralized crypto exchanges to stop providing staking services until such activities are legally regulated.

✅Banning staking on DeFi is much more difficult, but it is theoretically possible. The practice of regulating DEX exchanges exists and has been used. Authorities simply prosecute the developer of the DeFi protocol, and he either goes to jail or shuts down his service.

💭But what the regulator can't prohibit is to engage in cryptocurrency stacking themselves, directly interacting with the blockchain.

📌 Save and share this information with your friends

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

13 Feb 2023 09:21

🇧🇷🤑 In Brazil, you can now pay taxes with cryptocurrency.

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

12 Feb 2023 16:42

⛔️ Microsoft has ended its Industrial Metaverse Core team and laid off 100 employees working on the 4 months old project.

👉🏻 The project was aimed at promoting the adoption of metaverse technology in industrial settings❗️

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

11 Feb 2023 13:53

💰 Bitcoin Golden Crossover

Bitcoin is getting close to form golden crossover, A golden cross suggests a long-term bull market going forward.

We need to see if the bitcoin repeats 2019 crossover 📈 or 2015 failed crossover turned into major drop 📉

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

11 Feb 2023 09:53

SEC Chair says "Not your keys, not your coins." on national TV.

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

10 Feb 2023 11:21

⚡️Last night, crypto exchange Kraken, under pressure from SEC agreed to cancel all operations related to steaking. So they're going to pay a $30,000,000 fine as well. BTC followed by the whole market safely went down.

💭Coinbase stocks collapsed by more than 12% on this news. Regulation - the new era of cryptoworld🫡

🤝 @Cryptocurrency_Inside

Crypto | Bitcoin | Ethereum | Altcoin | News

09 Feb 2023 18:32

WHAT DO INSTITUTIONAL INVESTORS INVEST IN? 🤬

Institutional investors (institutional) are organizations that pool money and invest with depositors' money. They may include:
- hedge funds,
- mutual funds,
- credit unions,
- banks, etc.

• Q2 and Q3 2022 saw major activity from institutions in crypto:
- Felix Capital raised another $600M to invest in crypto assets.
- NYDIG received $720M from institutional to buy bitcoins.
- Multicoin Capital raised $430M.

• Statistically, about 40% of institutional investors have crypto assets in their portfolios, most of which they hold in fundamentally strong coins.

• It's not hard to guess that the most "respected" of these are Bitcoin and Ethereum. They are owned by 94% and 72% of investors, respectively.

🔵In our new infographic you can see the preferences of institutional investors.

❔ In your opinion, which crypto asset will become more popular among large institutional investors (crypto whales)?
👍 - Bitcoin
🔥 - Ethereum

If you have other options, write them in the comments 🔽

🤝 Cryptocurrency Inside | Telegram | Chat | Partner

Crypto | Bitcoin | Ethereum | Altcoin | News

09 Feb 2023 10:47

🤔 Current situation on the market?

Write your opinion in the comments down below 👇 or give some reactions.

🤝 @Cryptocurrency_Inside