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17 May 2023 15:35

🟢🥇 Tether will allocate up to 15% of profits to purchase $BTC to hold in reserves.

🤝 @Cryptocurrency_Inside ✅

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16 May 2023 21:08

📆 Global crypto headlines of the day:

🛑Ethereum Foundation researcher Justin Drake released a proposal to implement EIP-1559: MEV Burn, which aims to burn the extra income of MEV.

🛑The EU unanimously approved the landmark Crypto Asset Markets Regulation (MiCA) and new anti-money laundering measures on crypto transfers.

🛑According to creditors, BlockFi used customer money to buy a $30 million insurance policy.

🛑U.S. Treasury Secretary Janet Yellen said the country could default on its debt by June 1 if Congress fails to raise or suspend the debt limit.

🤝 @Cryptocurrency_Inside ✅

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16 May 2023 16:28

⚡️Bitcoin is better than the dollar if the U.S. defaults

Bloomberg conducted a poll on how you would save your money if a US default became a reality. Most standardly chose gold, but 2nd and 3rd place showed an interesting result💰

➡️ Buying bonds of a country in default is extremely risky, but there is confidence that the default will be short-lived and purely technical. That's why many decided to buy Treasury securities at a discount📊

➡️ Bitcoin came in third place, overtaking the dollar due to the interest of retail investors. The first cryptocurrency showed its protective properties during the collapse of banks, and the default is of a similar nature

🤝 @Cryptocurrency_Inside ✅

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16 May 2023 16:03

🔐 Ledger has released a controversial update for Nano X.

The new feature, Ledger Recover, allows users to recover their seed phrase with the help of third parties.

The seed phrase is divided into 3 fragments and sent to unknown third parties/organizations in an encrypted form after user approval.

It can then be restored by verifying one's identity (KYC).

👉🏻 The community has criticized the idea of transferring data to third parties and warned about possible manipulations with KYC to steal assets.

🤝 @Cryptocurrency_Inside ✅

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15 May 2023 21:33

📆 Global crypto headlines of the day:

🛑 According to a WSJ investigation, the late founder of Cash App, Bob Lee, indulged in a protracted dalliance with substances such as ecstasy, ketamine, and cocaine, often participating in nocturnal festivities across the globe.

🛑Disheartened by the inimical regulatory environment in the U.S, American crypto corporations are considering the Bermuda Islands as a prospective new home for their operations.

🛑The head of the U.S. Department of Justice's crypto division has pledged to throttle any illicit activities perpetrated by users on cryptocurrency exchanges.

🛑Microsoft's ambitious plans to aquire the video game titan Activision Blizzard, in a deal valued at $69 billion, have received the green light from the EU.

🤝 @Cryptocurrency_Inside ✅

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15 May 2023 16:55

Taking out $$$ bags on airdrops ✅
⠀
To get the drop, each project makes its own criteria by which the drop purses will be selected.

🔰 Keep a checklist of the most frequent multipliers, collecting which can get you a lot of cash.

😀 Transaction count
By this you are showing your activity and involvement in the project. If you retrograde a new blockchain, you can see the number of transactions in the blockchain scan.

😀 Transaction count
The minimum Arbitrum threshold for this multiplier was $10,000. The number is quite realistic. 20 transactions at $500 or 100 at $100 can everyone.

😀 Various services
We use every possible platform for transactions. Do not get hung up on 1 or 2 bridges. We trade, swap, bridge - maximum activity.

😀 Domain names and NFT
It's hard to say 100% where this will boost, but it's not a penny to spend.

😀 Voting
Projects love it when you don't just take advantage of their benefits, but take part in the future fate of the project. Voting takes place on Snapshot.

😀 Persistence
Do this exercise 2 times a week - the deposit will not hurt. It's important for the project to involve the user in its development.

🏆 Take the "the more the better" rule. Every multiplier is a fat plus in your retrodrop's piggy bank.

❔ Checking our subscribers: have you ever received a retrodrop?

👍 — Yes
👎 — No

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14 May 2023 18:21

The perfect strategy for how to "shave a hamster" 🐹
⠀
We all know that big players in the market (whales) like to conduct certain operations to make money while trapping ordinary users (hamsters). So how does this happen?

Here's an example on meme-coin Pepe:

1️⃣ Pepe is listed on Binance while the token is at its highest values. For what purpose?

2️⃣ Need the volumes so the big guys can unload their bags (sell the Pepe tokens they have). On other exchanges they simply would not have enough liquidity to sell. And listing on Binance immediately generates a lot of noise, thus attracting a large amount of liquidity.

3️⃣ At the same time futures are launched.

A futures is a contract in which the seller undertakes to deliver the underlying asset to the buyer at an agreed price and at a specified time in the future and the buyer is obliged to buy back the subject of the transaction.

Now turn on the visualization and your imagination. And also imagine this profit from the following actions:

4️⃣ Whales go into futures and get into shorts with leverage.

5️⃣ Go into Binance and sell their Pepe bags on the spot.

What we gain?

Simultaneously open shorts and simultaneously dumping their huge bags. It's scary to imagine what the profits could be.

✅ dump their bags;
✅ made a profit on the short.

So you understand, right? A man simultaneously dumping his spot and simultaneously pushing his price into a profit on the short.

How genius! That's it.

Put 🔥 if you want to make such schemes, too.

🤝 Cryptocurrency Inside ✅ | Telegram | Chat | Partner

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11 May 2023 20:48

📆 Global crypto headlines of the day:

🛑New York lawmakers have drafted a bill that would allow USD-pegged stablecoins to be accepted as payment for bail.

🛑OpenAI is working on user profiles for ChatGPT to remember their preferences and reduce the need for repeated information input.

🛑Marathon Digital said it received another SEC subpoena.

🛑EU legislators have put forward their recommendations on regulating AI, including ChatGPT, following a vote in two committees.

🛑The Bank for International Settlements (BIS) has published a guide for offline payments with CBDCs.

🛑Metamask now enables US users to purchase ETH via PayPal.

🤝 @Cryptocurrency_Inside ✅

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11 May 2023 16:17

⚡️Cryptocurrency exchanges currently hold 5.84% of all BTC

Investors continue to actively withdraw BTC from exchanges to cold wallets - this is the lowest figure since 2017💰

❔Where do you keep your funds?

On exchanges - 🔥
On cold or hot wallets - 🐳

🤝 @Cryptocurrency_Inside ✅

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10 May 2023 14:34

🇺🇸 US April CPI inflation:

Year-over-year change:
CPI 4.9% (est. 5.0%, prev. 5.0%)
Core CPI 5.5% (est. 5.5%, prev. 5.6%)

Month-over-month change:
CPI 0.4% (est. 0.4%, prev. 0.05%)
Core CPI 0.4% (est. 0.4%, prev. 0.38%)

This marks the 10th consecutive monthly drop in the US inflation rate.

A Fed pivot may finally be near.

🤝 @Cryptocurrency_Inside ✅

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10 May 2023 12:20

⚡️One year ago there was a legendary drop of Luna coin and UST stabelcoin

This is one of the biggest scams in the history of the cryptocurrency market.

By the way, Do Kwon was detained in Montenegro, and South Korea and the US are trying to take him to court😑

🤝 @Cryptocurrency_Inside ✅

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09 May 2023 16:16

What is the BRC-20 token standard in the Bitcoin network?

✅The BRC-20 "Bitcoin Request for Comment" standard was developed by an analyst under the pseudonym "Domo" in March of this year. The purpose of the new standard is to facilitate the issuance and transfer of interchangeable tokens in the Bitcoin network.

➡️ However, the pioneer was the Ordinals protocol, which gave the world the ability to coin NFTs on Bitcoin in late 2022. It is important to understand that the BRC-20 standard lacks the ability to interact with smart contracts, unlike ERC-20 on Ether.

↪️ The leaders of the BRC-20 standard were the memcoins PEPE and MEME, as well as the new ORDI coin (from Ordinals)😴

➡️ The memcoin frenzy led to an overload of the Bitcoin network. For example, #1 exchange Binance stopped withdrawals twice and now intends to integrate "Lightning Network" L2 solution for BTC.

❔ Do you think the next HYPE might be related to projects that provide L2 solutions such as RIF?

Yes - 👍
No - 👎

🤝 @Cryptocurrency_Inside ✅

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09 May 2023 12:01

Meme tokens, what to do with them? 😏
⠀
There's a frenzy going on in the market right now. Meme tokens are created in huge numbers. It is clear that it shoots 1 out of 50 (statistics are inaccurate). These projects have no use for web3, unless they attract the attention of new people to the market.

➡️ In general, we believe that everything where there are "hamsters" and crowds is a plus for the crypto market in the long run. Yes, many will come and lose money, after which they will be afraid to even buy bitcoin. But some of the people will remain in the market and will continue to work, adding liquidity to the market.

➡️ What advice can he give you?

Buying meme tokens from the market is equivalent to playing roulette. You either earn a lot, or you lose everything. Therefore, for the future, the advice is that it is worth spreading the working volume into different projects as much as possible, because it is always very difficult to guess what will really show a strong increase in price. Then there will be a better chance to hit the target.

❗️And of course, the most important advice. If you see loud news, listings on the tir-1 exchange, entering the project of big names — get out of positions (sell). Very large infopods are a reason to go out and in no case should you buy.

We sell on big news! Look at PEPE after listing on the binance.

❔ Have you already bought meme tokens, amid the hype around PEPE?

👍 - No
👎 - Yes

If you were able to earn on meme tokens, then share your story in the comments. Let's find out our lucky ones.)

🤝 Cryptocurrency Inside ✅ | Telegram | Chat | Partner

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09 May 2023 08:17

📰 Sam Bankman-Fried has filed motions to dismiss all but three charges in the criminal case against him.

The charges he is not contesting are:

5. Conspiracy to commit commodities fraud.

6. Conspiracy to commit securities fraud.

11. Conspiracy to commit money laundering.

🤝 @Cryptocurrency_Inside ✅

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08 May 2023 17:31

Participating in SoonSwap's award-winning Testnet 🧑‍💻
⠀
➡️ SoonSwap is the first NFT trading platform with the Limit Order and AMM LP pool model

Now they have launched a testnet, for passing which, we will get a drop.

🔤 Instructions:
• We take the test tokens in the "faucet".
• Go to the site and connect the wallet.
• Buy any NFT in the "Collections" section and press "Swap".
• Press "Sell" and sell NFTs.
• In the "Farms" section we choose LP tokens and stake them into Pool.

📆 Deadline: To be advised

Risk/Rewards:
• Approximate task costs: 5 minutes.
• Expected reward: RetroDrop
• Risk: Low

✅ They will have a SOON token that is already confirmed, so this testnet should definitely be passed so you don't catch fomo later.

And according to the classics, support us with a spark 🔥

🤝 Cryptocurrency Inside ✅ | Telegram | Chat | Partner

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17 May 2023 11:58

The main kinds of cryptocurrencies

Depending on how you look at it, cryptocurrencies can be divided into two to 10 categories.

Today, we’ll go over the three most common cryptocurrency categories:

1. Bitcoin 💰

The world’s first-ever cryptocurrency, Bitcoin (BTC) was created by the pseudonymous entity Satoshi Nakamoto. It’s the most popular crypto in the world and has already become a household name. Its market capitalization is higher than its next closest competitor, Ether (ETH), by 2.5 times.

2. Altcoins 💰💰💰💰💰

Traditionally, all cryptocurrencies that were created after Bitcoin are called altcoins. Examples of altcoins include Ether (ETH), Litecoin (LTC), BNB (BNB), and Cardano (ADA). Developers and teams create altcoins to explore their endless possibilities and functions unavailable on the Bitcoin network.

It’s worth noting that Bitcoin’s market capitalization is equal to all other altcoins in the top 20 combined—another aspect showing Bitcoin’s dominance in the crypto market.

3. Stablecoins 💰💰💰💰💰

These are altcoins created to hold a stable value. Stablecoins are usually backed by a fiat currency (or other cryptocurrencies sometimes) to keep their price at $1. Some of the most popular stablecoins are Tether (USDT), USD Coin (USDC), and Dai (DAI), whose value is always equal to 1 United States dollar.

Stablecoins have become a convenient option for international money transfers, money settlements, and locking in profits among investors and traders.

However, please note that no stablecoin is guaranteed to keep its peg to the U.S. dollar; stablecoins can also crash and lose their value (case in point: TerraUSD). Therefore, stablecoins also carry their own set of risks.

💭Of course, there are many more cryptocurrency categories — e.g., utility tokens, privacy coins, and governance tokens, to name a few. We’ll discuss these in a future post.

🤝 @Cryptocurrency_Inside ✅

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16 May 2023 16:56

❗️EU finance ministers have approved the world's first comprehensive cryptocurrency rules.

- All exchanges and wallet providers must be licensed.
- Names of senders and recipients of transactions must be recorded regardless of amount.

🤝 @Cryptocurrency_Inside ✅

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16 May 2023 16:15

ETH Stacking yields reached a record 8.7%🔹

After the Shanghai update, users deposited 3.4 million coins and withdrew 2.6 million coins.

🤝 @Cryptocurrency_Inside ✅

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16 May 2023 11:35

🇺🇸 SEC: "Creating cryptocurrency regulation rules can take years, we are in no hurry!"

The SEC will continue to use enforcement actions against the crypto industry, but these actions will "inform" market participants about yet unplanned regulatory rules.

Gensler's public statements are not official statements of the Securities and Exchange Commission!

🤝 @Cryptocurrency_Inside ✅

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15 May 2023 21:30

Are there really anonymous cryptocurrencies?

In a previous post, we told you that most blockchains, such as Bitcoin and Ethereum, are “pseudonymous.”

However, there are also completely private projects that have made it impossible to track transfers.

Let’s take the example of the Zcash cryptocurrency, which has advanced cryptography and the highest level of confidentiality.

Zcash uses a cryptographic protocol called zk-SNARKs. With the help of this technology, users can make completely private transactions when the sender, recipient, and cost of transactions can be hidden on the blockchain.

At the same time, privacy on Zcash is optional; users can choose between “transparent” transactions (like Bitcoin) and “hidden” transactions, providing a balance between transparency and privacy.

The world of blockchains is diverse. Research shows that most users do not strive for 100% anonymity; however, the industry does offer solutions for true cypherpunks as well.😎

🤝 @Cryptocurrency_Inside ✅

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15 May 2023 11:49

⚡️With every halving, less and less BTC is created, and with every US Fed meeting, more and more dollars is being created

Anyone here can help me figure out the match behind this ? - The tweet states.

Do you believe that BTC will be worth $100,000 or more?🤔

Yes - 🔥
No - 🐳

🤝 @Cryptocurrency_Inside ✅

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13 May 2023 16:31

⚡️The bitcoin network has only stopped twice in its history, and that was in 2010 and 2013

Statistically, the bitcoin blockchain is one of the most reliable computer networks in the world💰

🤝 @Cryptocurrency_Inside ✅

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11 May 2023 20:03

Blockchain games based on the Play to Earn model are gaining momentum again 🚀
⠀
Everyone understands that big investors and whales are not going to invest in all sorts of crap. Now their attention is focused on innovative projects related to blockchain games that will be integrated into Web3 and Artificial Intelligence. They believe that games based on the Play to Earn model can become a new virtual economy that will make huge bucks for both their creators and players.

➡️ According to many industry insiders, the gaming models of yesteryear have not generated much revenue for companies, but they have sparked a lot of interest in blockchain-based games. It sounds like a very tempting prospect where you can not only play, but also make money from it. So the coolest developers are already working on expanding the Web3 gaming space.

🔤 According to a study by the Blockchain Gaming Alliance (BGA), the blockchain gaming segment has performed well in previous years, despite a bear market. And this year, the industry is focusing on gameplay quality, realism, monetization and improved user experience.

It is quite possible that in 5-10 years for many people the state of the virtual economy in the games they play will matter more than the economy of the country they live in😃

↪️ As of today, the Fusionist project can be considered a leader. His concept is more likely to change the industry with gameplay, realism and thoughtfulness of all the details.

❔ Have you ever participated in Play to Earn games? If so, have you made any money?

👍 - Yes
🔥 - No

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11 May 2023 14:40

⚡️Top 15 stabelcoins by market capitalization📊

1. 💰 USDT accounts for more than 62.5% of the total market capitalization of stablcoins, it is $82.5 billion

2. 💰 USDC is $30.3 billion

3. 💰Capitalization of BUSD continues to decrease, and amounts to - $5.98 billion

🤝 @Cryptocurrency_Inside ✅

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10 May 2023 13:47

Airdrops: a beginner's guide 🎁
⠀
Decided to write a brief introduction to the direction for newcomers, maybe it will also be useful for "olds".

Here we go:

➡️ Airdrops - giving away project tokens to your users for certain actions/support in the past - swaps, adding liquidity, using the protocol, participating in the project's social networks.

➡️ How to earn on it?

Unfortunately, or fortunately, there is no right answer, because only the project decides. The criteria for the drop is unknown in advance. The main airdrop was obtained for active use of protocols - swaps (uniswap), the use of the bridge (Biconomy), DYDX (volumes on the futures), ie, depended on the specifics of the project. Sometimes it is enough to join the project discord and write a GM or join a telegram group.

It would seem that we found a win-win strategy - use the protocol and get free tokens, and so on in a circle. But it's not that simple:

1⃣ Firstly , the biggest project drops have occurred on the Ethereum network, where commissions for swaps or liquidity additions can reach several hundred per transaction.
2⃣ Secondly, not all projects go through the airdrop token distribution model.
3⃣ Thirdly, we can not guess the actions for which the drop will be put, or we made them untimely (after snapshot, i.e. snapshot of blockchain (wallets) state).

‼️ Airdrop (retrodrop) is not exactly free money, by putting our funds into new protocols, which often have not yet had time to audit, we risk losing them due to smartcontract hacks or coders mistakes, and depriving ourselves of profits from other sources (trading, NFT, staking).

Despite the above factors, drophunting is one of the most attractive areas in terms of risk-reward ratio.

After looking at past major drophunters, there are several criteria for rewarding projects in the future:

➡️ One of the best ways to get a drop is to use interesting solutions without the goal of getting a drop (as strange as it may sound). For example, you can build your crypto routine through applications that don't have tokens. For example, use bridges (Orbiter, Bungee, Stargate) instead of CEX to send tokens to another network.

➡️ Attribution early in project development - this could include participation in project social networks (Discord, Twitter), participation in limited protocol launches (by WL), completing feedback forms

↪️ Use of ecosystem products - this is a particularly important point for getting retrodrops from blockchains (Optimism, Arbitrum, ZkSync, Scroll). By interacting with various applications, we show that we are real active users of the network.

❔ Would you like to see the second part of such a post?

👍 - Yes
👎 - No

🤝 Cryptocurrency Inside ✅ | Telegram | Chat | Partner

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09 May 2023 20:04

📆 Global crypto headlines of the day:

🛑Visa has partnered up with Agrotoken, Microsoft, and Sinqia to develop a platform that allows farmers to securely fund and sell their crop harvests using blockchain technology.

🛑Spotify has started deleting music made by artificial intelligence.

🛑On the Binance US exchange, BTC/USD price quote was $680 higher than its current market value.

🛑Digital Asset has teamed up with Microsoft, Deloitte, Goldman Sachs, and BNP Paribas to launch the Canton Network.

🛑Cipher Mining is set to acquire 11,000 A1346 ASICs from Canaan, which are expected to boost Cipher's productivity by 15-20%.

🤝 @Cryptocurrency_Inside ✅

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09 May 2023 13:42

A few words on crypto arbitrage🫥

You may have already heard the term “arbitrage,” but it’s common among traders. Let’s see what the fuss is all about

⚙️Crypto arbitrage is comparing the prices of an asset on multiple exchanges and taking advantage of these differences to make a profit

➡️Arbitrage traders buy a cryptocurrency at a low price on one exchange and sell it at a higher price on another.

However, exchange fees and liquidity can create roadblocks that are difficult to maneuver

➡️There’s also offline arbitrage, which is a price difference in an asset in different countries. You can buy an asset in one country and liquidate it at a higher price in another

➡️Still, online arbitrage trading is a risky endeavor because it requires acumen and quick reflexes, while offline arbitrage is a challenge due to local taxes

🏆Arbitrage is certainly an activity meant for more advanced traders, so we don’t recommend beginners engage in this if they don’t know the basic principles of crypto finances

🤝 @Cryptocurrency_Inside ✅

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09 May 2023 11:17

Crypto speak: Shitcoin.

Not all cryptocurrencies are created equal. Some are built to stand the test of time, while others have no business existing: The latter are called “shitcoins.”

Unless you enjoy losing money, investing in shitcoins is a bad idea.

Often, these kinds of coins have poor technical fundamentals, and their teams come off as ostensible scammers. These coins have one goal: to scam users for their money.

Before investing in any project, remember to do your own homework and scrutinize every detail.

The top three shitcoin red flags:

▪️ A weak team. Every crypto project has devoted and experienced developers composing its core team. If team members are unknown and appear out of nowhere, you’re likely dealing with a shitcoin.

▪️ Zero use cases. Strong crypto projects have ambitious goals, innovate, and genuinely strive to improve the world and the crypto industry. You can’t make the world a better place if your coin does absolutely nothing. If it’s useless, it’s a shitcoin.

▪️ Aggressive marketing. Shitcoin creators have zero intentions of investing time or money into expanding their projects. Instead, they concentrate their energy on marketing their product, making claims of huge returns that are too good to be true. If a project just wants attention, it’s a shitcoin.

Shitcoins, unfortunately, are everywhere, so stay alert to avoid them!

🤝 @Cryptocurrency_Inside ✅

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08 May 2023 22:19

📆 Global crypto headlines of the day:

🛑The Aave DAO community has passed the proposal to deploy Aave V3 on the Ethereum Metis network.

🛑The user earned 1,130 ETH during the FOUR meme coin listing on Uniswap.

🛑Cryptocurrency DOGE reached its all-time high ($0.73) two years ago on May 8. Since then, DOGE has lost nearly 90% of its value.

🛑Coinbase CEO Brian Armstrong has shared his thoughts on the growth of the cryptocurrency industry in the UAE.

🛑MakerDAO has announced the launch of its Spark Protocol lending platform, which will operate using the DAI stablecoin.

🤝 @Cryptocurrency_Inside ✅

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07 May 2023 13:13

🇺🇸 722 banks reported unrealised losses exceeding 50% of their capital - US FED.

🤝 @Cryptocurrency_Inside ✅