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27 Apr 2023 13:08

How are your devices used for hidden cryptocurrency mining? 🦠
⠀
For more understanding, let's start with the definition of mining.

➡️ Mining is a way of mining cryptocurrencies by Proof-of-work (Proof-of-work algorithm). Miners check the data in blocks for authenticity, and if all records match, they confirm the transactions, for which they receive commissions in crypto.

So, back to the main topic of the post. There is a topic called cryptojacking. It is used by clever attackers who know how to infect PCs/smartphones/tablets of unsuspecting internet users.

They are interested in your computing power, because mining alone is expensive and not profitable at all.

↪️ Basically, a mining virus can be picked up in two ways:

〰️ Malware.
The same case when you accidentally download a pirated movie/game/etc file with a surprise or follow a suspicious link in the mail. Then the PC/smartphone/tablet is left with a maximum stealthy virus that stealthily gobbles up system resources.

〰️ Malicious scripts (drive-by cryptomining)
A more complex and newer approach to "infecting". These are pieces of JavaScript code on websites that make mining using your resources start simply when you visit the site.

➡️ When these scripts first appeared, websites were honestly asking users for permission to mine while they were browsing the content. It was a transparent way to monetize the site: users received free content in exchange for the resources of their devices, and content creators mined the crypto for their bread. Over time, of course, they stopped asking for permissions.

❔ Maybe you suspected that someone was mining crypto through your PC?

👍 - No
👎 - Yes

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26 Apr 2023 14:54

🔵 Ethereum is back above $1,900, up 7.7% in the past 24 hours.

👉🏻 Will Ethereum break the $2K mark?

YES - 👍
NO - 👎

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26 Apr 2023 10:04

🥇🍎 Bitcoin white paper quietly removed by Apple from latest MacOS beta.

Following the release of macOS Ventura 13.4 beta 3 to developers on Tuesday, Apple has removed the Bitcoin white paper hidden in system files, according to 9to5mac. The community previously discovered that someone had hidden the Bitcoin white paper in every copy of MacOS since 2017.

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25 Apr 2023 18:24

On-chain analysis: how to use it? 🚃
⠀
The fact that blockchain transaction data is publicly available makes it possible to use it to analyze the behavior of other users on the network. Specifically, for onchain analysis.

➡️ ️Onchain analysis is the analytics of data found in an open-source blockchain. In other words, the dynamics of everything going on behind the scenes of crypto projects.

Onchain data allows you to see exactly: who owns what, what transactions are made, etc. All this information is stored in blocks or transaction records.

➡️ Examples of on-chain analysis metrics:
1⃣ Transaction volume.
A metric that measures the total number of transactions that occurred on the blockchain over a certain period of time. It is used to evaluate the level of activity in the network.

2⃣ Analysis of smart money (behavior of big players).
Venture capital funds or whales (owners of large amounts of capital in their wallets) can act as a big player. Due to the large amounts of funds, they are able to influence the price of this or that asset. Also, to some extent, they can foresee future trends and narratives in the market.

3⃣ Development activity.
A measure of development activity, measured by the number of "events". Shows how many actions developers take. Increase in developer productivity may show that the project is preparing any updates or innovations.

4⃣ Number of active addresses/users. This metric shows the number of addresses that made at least one transaction within a certain time. If the number of active addresses is high, it indicates that the project has a strong user base.

There are a large number of such metrics. Which one you should use depends on your analysis purposes.

↪️ Services for on-chain analytics:
• Nansen
• Glassnode
• Dune
• Token Terminal

❔ Have you ever used on-chain analysis?

👍 - Yes
👎 - No

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24 Apr 2023 20:01

📆 Global crypto headlines of the day:

🛑Bitcoin Ordinals extension UniSat Wallet suffered a huge number of double-spend attacks.

🛑Litecoin halving is just 100 days away.

🛑South Korea's court rejected the prosecution's claim that Luna is a security.

🛑The launch of Amazon's NFT marketplace has been rescheduled for May 15.

🛑A judge approved cellphone monitoring for Sam Bankman-Fried’s parents.

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23 Apr 2023 19:26

🇨🇳 China to start paying ALL public servants with the ‘Digital Yuan’ CBDC in May within the city of Changshu.

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22 Apr 2023 20:46

🟠 CZ about meme coins.

“There apparently are groups of people trying to buy accounts I follow, then issue meme coins. I unfollow and block them. Don’t get into those meme coins either. Understand the risks.”

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21 Apr 2023 20:18

🥇🔵 Telegram users can now buy, withdraw, and make P2P transactions with Bitcoin via the wallet interface on web.

👉🏻 Toncoin (TON) has a positive reaction after the news. 📈

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21 Apr 2023 13:15

🇧🇷🟠 Binance under investigation by Federal Police in Brazil for "alleged financial crimes".

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20 Apr 2023 19:27

Earnings from NFT💲
⠀
In this post we are going to take a look at one of the ways to make money with NFT. To tell all the ways in one post is very difficult. So if you like the post, we'll do a second part! Bet the reactions!

This is a rather large but useful post!

Way 1 - getting WhiteList (WL)

➡️ WhiteList is a role given to participants in an NFT project for fulfilling any conditions or winning a raffle, so that participants are allowed to prematurely buy an NFT.

In almost all projects, for an initial purchase of an NFT, you will need to WL by fulfilling certain conditions specified by a particular project.
How right it is:
• retweet posts on Twitter;
• tag accounts in the comments;
• an invite to the server in Discord;
• various art;
• ...and many other things that the project will indicate. Basically now the bias is towards creativity.

↪️ Let's consider getting WL on the example of the project - Gakko.

For example, in the project Gakko, to get WL, you need to be an active member of their server, help others, promote their project in social networks, make content in the form of art, memes and stickers, to answer questions related to the project, put avatar in their project style and change Twitter description mentioning them and the last - is to write some mini story about Gakko project.

➡️ What is all this effort for?

After you fulfill the conditions and get WL you have the right to buy NFTs or to buy them with special privileges - it can be a lower price, an opportunity to buy earlier than others, more NFTs to buy. In popular projects, even without special privileges, WL is very valuable.

➡️ For example, there are 100,000 people following the project, and the collection is only 10,000 NFT and correspondingly 10,000 WL. We knock out WL, buy NFT for N-amount and immediately can put it on the secondary market for several times the price, as another 90,000 people did not get to knock out WL, and the desire to join the project remains.

Let's get 100🔥, and then we'll do the second part.

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20 Apr 2023 18:06

⚡️Binance has activated the ETH stacking withdrawal function

1. The Lido platform leads in the number of ETH staking.
2. Coinbase is in second place.
3. Kraken is in third place.
4. Binance has the least amount of deposited ETH (among all popular exchanges).

Did you withdraw your ETH? 🔹
No - 👍
Yes - 👎

🤝 @Cryptocurrency_Inside ✅

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20 Apr 2023 16:30

What is a short-squeeze? 😘
ㅤ
While the market is depressed, many hamsters look at the shorting strategy as the only opportunity in a bear market. It would seem, enter futures, open positions on decrease of different tokens, and "market gods" will give you some money for your ingenuity. Really, nobody shorts on the background of the general down-trend 😂.

But you know, that it not so easy. Besides the absence of upper limit of asset price, the risk of short positions is also the probability of short-squeeze.

➡️ Short-squeeze is a sharp increase in buying pressure, as a result of which traders are forced to close their short positions and the price of the asset flies up. The opposite event to the short-squeeze is called a long-squeeze.

➡️ Traders expect the price to go down and bet on it. If the price goes in the opposite direction, though, their positions take an unrealized loss - and they have no choice but to close shorts to lose as little as possible.

And closing short positions is a massive buying of orders, which causes the short-squeeze to be accompanied by a surge in trading volume and a temporary increase in demand with a decrease in supply.

↪️ What are the preconditions for a short-squeeze?
To get an idea of the probability of a short-squeeze, you can look at the ratio of shorts and longs. If there are more shorts, they could be hurt.
If there are more long positions, the opposite is true.

🔤 A good example of short squeeze is the long ago situation with the Celsius Network token, ticker CEL. Shortists wanted to cash in on the news about the possible insolvency of the platform, but they were shaved off with active purchases of the asset.

❔ Have you ever lost money during a short-squeeze?

👍 - No
👎 - Yes

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20 Apr 2023 15:01

⚡️ EU Parliament approves world-first comprehensive crypto law, MiCA, in a 517-38 vote.

Alongside, Transfer of Funds regulation passes with a 529-29 vote to combat money laundering.

New rules to be implemented in 2023, ensuring consumer protection & market stability.

Next steps:

➖ final vote May 16

➖ MiCA publication 20 days after

➖ Entry into application June 2024 for
e-Money Tokens (Stablecoins)

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19 Apr 2023 23:11

🥇 Elon Musk's Tesla hodls 9,720 bitcoin on their balance sheet for another quarter.

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19 Apr 2023 20:01

‼️🇺🇸 House Republicans have proposed lifting the debt ceiling by $1.5 trillion or until March 31, 2024.

Steady lads… 🫡
💵💵💵💵💵💵💵💵

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26 Apr 2023 20:49

JUST IN: 🇺🇸 US Senator Ted Cruz says he is "incredibly bullish on Bitcoin" and he "bought the dip."

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26 Apr 2023 14:38

JUST IN: $30,000 Bitcoin

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25 Apr 2023 21:20

📆 Global crypto headlines of the day:

🛑Coinbase CEO Brian Armstrong has backed an NFT project that aims to foster unity within the cryptocurrency community.

🛑The Seoul prosecutor's office has charged Terraform Labs co-founder Shin Hyun-seung and nine other individuals with fraud.

🛑Web3 entertainment company Toonstar will soon release a new animated TV show called "Space Junk."

🛑L2 network StarkWare has unveiled its roadmap. Analyst Colin Wu suggests that the project might conduct an airdrop in 2024.

🛑A CFTC official said that they are engaging in discussions with Binance regarding potential legal infractions by the exchange.

🛑The FCA Chair expressed interest in collaborating with crypto companies.

🤝 @Cryptocurrency_Inside ✅

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25 Apr 2023 13:48

🇺🇸 Ripple is considering pulling out of the US amid ongoing legal battle with SEC and regulatory pressure - company spokesperson.

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24 Apr 2023 19:55

📴📴Until May 8, the Bybit cryptocurrency exchange will oblige its customers to complete the KYC procedure, otherwise the number of available services will be limited.

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23 Apr 2023 16:23

Nodes: how to make money on it and how does it work? 💻
⠀
In this post, we will dive into the topic of nodes and break down what blockchain needs them for.

➡️ Blockchain nodes are the members of a decentralized network that build its internal infrastructure.

In simpler terms, a node is a device (PC, laptop, server) on which the software of a particular blockchain runs.

➡️ The main functions of a node are:
• Store and distribute transaction information between nodes.
• Control the execution of network rules.
• Maintain distributed registries that store transaction information.

➡️ What it takes to set up a node:
• Find a project with an upcoming paid testnet. Preferably, this should be accompanied by good fundraising;
• A server with uninterrupted internet and electricity;
• Have a minimum knowledge of how to install a node, update it and test it. Most often, nodes for a particular project is installed by a special guide (either from the project, or from other people who have made a more convenient guide for everyone).

‼️ It is important to understand that maintaining a node is quite a long process. At times, testing takes more than 12 months. That's why we use third-party servers for our work.

💵 Case studies of past nodes:
• Solana, Avax, Near, Mina - each project gave away over $100k to early adopters.
• Moonbeam, Juno, Osmo - gave away over $40k.
All award figures are per account. For example, if you held 5 nodes from pro Moonbeam, you could get over $200K.

However, it's not all so rosy. Many projects bring in pennies, and some don't even make it to the mainnet. That's why a careful DYOR is always important.

❔ Do you have experience with nodes?

👍 - Yes
👎 - No

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22 Apr 2023 15:31

How do different types of stablecoins work? 🟡
⠀
Earlier in this post, we already dealt with the topic of stabelcoins. Butw there is another important thing we want to tell you about, and that is the types of Stablecoins.

🇻🇦 Just in case, let us remind you that Stablecoins are cryptocurrencies with a stable price, which is not subject to volatility and remains unchanged.

There are three types of stablecoins in particular:

➡️ Secured by fiat currencies (fiat-collateralized)

In this approach, each steblycoin coin is tied to one unit of fiat currency - USDC, Tether (USDT), TrueUSD (TUSD), Binance USD (BUSD);

↪️ Secured by cryptocurrencies (crypto-collateralized)

Stablecoin creator creates a reserve in collateralized cryptocurrency, the estimated value of which exceeds the value of the stablecoin. Even if the market experiences a significant drop in the price of the cryptocurrency with which the stabelcoin is collateralized, the latter will retain its value due to overcollateralization - DAI;

➡️ Non-collateralized

They are based on such an economic process as senorage. In simple words: if the value of one stabelcoin exceeds $1, the supply increases (i.e. new coins are issued), and when the value is less than $1, the supply decreases (i.e. coins are "burned") - Basecoin, Carbon, Havven.

➡️Each type has its own set of advantages and disadvantages, but the largest capitalization is still with stablcoins backed by fiat currencies.

❔ If you were to create your own stablecoin, what would you name it and what type of stablecoin would you choose?

Write in the comments. It will be interesting to read your answers 🔽

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21 Apr 2023 18:45

What is the Spot Market? 📦
⠀
To understand it, let's give a simple example. There used to be people walking the streets who always had cash with them. They walked around looking for clients to whom they could offer their cash at a good rate. Well, they do buy/sell transactions "on the spot".

➡️ You give a euro, get a dollar in your hand and go home to hide it under your mattress. That is, the payment is made instantly, in real money. This is the spot market, the place where financial instruments are traded with "immediate delivery.

There are other markets where it's not so simple and not so immediate. For example, in the futures market, assets are delivered on a certain date in the future (when the futures contract expires). This is derivative trading, not actual money in the account.

↪️ In crypto on the spot market, you are free to exchange some coins for others. For example, if you need ETH and you have USDT to buy, you simply go to the ETH/USDT spot market and make a trade.

Spot trading is one of the easiest ways to trade cryptocurrencies. Buy bottom during a bear market and then sell in a bull market. The main thing is patience and the right choice of an asset to buy.

❔ Do you trade cryptocurrencies on the spot market?

👍 - Yes
👎 - No

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20 Apr 2023 20:29

📆 Global crypto headlines of the day:

🛑Helium network successfully transitions to Solana blockchain.

🛑Voyager enters agreement with US federal government to allow sale of Binance US assets.

🛑Societe Generale subsidiary SG Forge launches its own Ethereum-based stablecoin pegged to Euro.

🛑Bluesky, Jack Dorsey's decentralized social media platform, has released iOS and Android apps.

🛑1inch integrates with zkSync Era, becoming a leading project on zkEVM.

🛑Brazilian prosecutors and Federal police, are currently investigating potential financial crimes committed by Binance.

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20 Apr 2023 18:23

Place your Advertising now in the @Cryptocurrency_Inside channel.

➖ Over 35.000 subscribers
➖ Over 60.000 Views daily

Admin: @Mark_CryptoInside

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20 Apr 2023 17:09

🇺🇸 Inflation will take 2 years to fall below 2% and that will lead to higher unemployment over 4% - US Fed official John Williams.

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20 Apr 2023 16:13

🟠 CZ says Binance is ready to make adjustments to their business over the next 12-18 months to be in compliance with new EU crypto regulations.

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20 Apr 2023 13:55

🇷🇺🇹🇷 Russia is actively working with Turkey and others to develop a global payment system of "gateways" that may also accept cryptocurrencies.

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19 Apr 2023 20:32

📆 Global crypto headlines of the day:

🛑Police have seized Do Kwon's $2.2 million apartment in Belgrade.

🛑MetaMask has refuted rumors of funds being stolen due to a wallet exploit.

🛑The Central Bank of England has successfully tested the use of blockchain technology for interbank transactions.

🛑FTX lawyers: the exchange will be relaunched in the second quarter of this year.

🛑A16z is working on an Optimism-based rollup client dubbed Magi.

🛑Decentralized platform Space and Time has partnered up with Microsoft.

🛑The OpenZeppelin Defender smart contract security platform has now integrated with the Base network.

🛑Forty-two German associations and trade unions are urging the EU to tighten AI rules.

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19 Apr 2023 15:44

Hong Kong court recognizes 🥇 Bitcoin  and crypto as property 🇭🇰

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