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23 Jul 2023 16:50

Bankers hate this one simple trick!

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22 Jul 2023 16:18

Listen to Strike's Founder, Jack Mallers, explain why Bitcoin is better than gold 🎙

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21 Jul 2023 12:15

In order to theoretically perform a 51% attack on the Bitcoin network at current sophistication would require:

- 1,411,347 Antminer S19 XP asics

- $258,000 in electricity costs per hour.

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20 Jul 2023 20:05

🚨BREAKING: Tesla has added Bitcoin payment code on the back-end of its website.

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19 Jul 2023 21:59

Societe Generale was granted a license to work with cryptocurrency⚡️
⠀
🧐SG Forge, the cryptocurrency division of Societe Generale Bank, has become the first company to receive a license from the French Financial Market Supervisory Commission (AMF) to provide crypto services in the country. Since July 18, SG Forge has been authorized to buy, sell, exchange and store digital assets.

➡️While dozens of cryptocurrency companies, including the world's largest crypto exchange Binance, are only registered with the AMF, SG Forge managed to obtain a license from the regulator. Licensing requires the company to be established in France and "comply with a number of requirements in terms of organization, financial resources and business conduct," according to AMF terms.

📌Deutsche Bank applied for a cryptocurrency license from the German regulator in June.

🟠"We are growing our digital assets and custody business. We have just applied to Bafin for a digital asset license," Deutsche Bank's head of corporate banking David Lynn said at a June 20 conference.

🟠The move is part of the bank's strategy to boost fee income, Lynn said. It also reflects efforts by Deutsche Bank's investment arm, DWS Group, to increase revenue from digital asset products.

🔴Also recently, HSBC Bank's Hong Kong branch allowed customers to buy and sell exchange-traded fund (ETF) shares for bitcoin (BTC) and Ethereum (ETH) listed on the Hong Kong exchange, becoming the first bank in the region to officially approve the service.

⚫️In April, cryptocurrency exchange Coinbase received a Bermuda license to launch an offshore exchange and announced plans to open derivatives trading. The U.S. crypto platform has begun to expand its international presence amid difficulties with industry regulation in the United States.

❔Will the integration of banks into the cryptosphere be a positive thing, for the cryptocommunity?

👍 - Yes
🤔 - No

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19 Jul 2023 09:28

zkSync scam?🪙
⠀
⚡️Those who followed crypto yesterday probably saw the announcement about the NFT airdrop from zkSync. If you don't know what airdrop is yet, let's figure it out together.

➡️Zksync made a snapshot, from which they selected 180 000 network users who somehow interacted with NFT in the mainnet within the time frame set by the project.

🟢Out of these 180k randomly selected 10k users and sent out NFT LIBERTAS OMNIBUS. Yesterday the minimum price for these jpegs was in the neighborhood of 0.08-0.1 ETH and we can say that everyone who has a lot of luck or a lot of accounts were made specifically for this project, but if not for one thing.

👀Smart users started to check wallets, which fell under the drop and noticed one regularity. A huge part of wallets began with 0x000. 9300 wallets were scattered in ascending order and 700 were random.

🔩What could that mean to us? Project funders slipped their wallets and gave themselves a drop. Either a member of the team simply put their addresses under the drop or just random and all this fud (this is an acronym from the psychology of manipulation, it is a special tactic in the course of which there is a manipulation on a person through his negative emotions). In order to piss off the audience of the project and raise interest in the topic. It is worth recalling that the project has more than $450 million in investments.

🧐It's funny that as soon as the funders realized that the matter takes a serious turn and users start to show a lot of negativity towards the project, they immediately made an announcement, in which they said that it was just the first list and all 180k users will receive these nft. This is one more reason to realize that projects even with such a large amount of investment, can still not be fair to ordinary users.

❔What do you think, another fluke or deliberate deception?

👍 - Randomness
🤔 - Something's wrong

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17 Jul 2023 21:33

💰 #Bitcoin

💰 BitcoinNews
🔵 EthereumNews
🍰 AltcoinNews
⚫️ TradingNews
⚫️ MetaverseNews

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17 Jul 2023 09:32

Multichain is over📉
⠀
🟢The other day the final episode of another drama, which was closely followed by the whole crypto world, was released. Let's see how the life of the crosschain protocol Multichain came to an end.

The project team told how the collapse of their brainchild happened:

1️⃣On May 21, 2023, Multichain's CEO was arrested. Chinese police dragged Zhao Jun out of his home and he has not been in contact with the Multichain team since then. All employees have lost access to the servers, because they don't have Jun's personal accounts. The police confiscated all computers, phones, hardware wallets and cid-phrases from the CEO;
2️⃣Since the project's inception, all investor funds were under Jun's control, so the police now have them;
3️⃣The team tried to keep the project running with the remaining access to some servers. At the request of authorities, the staff refrained from disclosing the arrest;
4️⃣On June 4, Jun's family allowed Multichain team members to fix technical problems with Router2 and Router5. This is what was causing the glitch.
5️⃣All this time, Jun's family and his lawyer have been in contact with the police. The team was not told about the progress of the case, but were promised that Zhao Jun would be free soon. They were asked to continue maintaining the system;
6️⃣On July 7, users' money was withdrawn from the site, and two days later, Jun's sister transferred the remaining money to two left addresses. The network began to talk about a possible rug pull;
7️⃣On July 13, the sister was also arrested with unclear charges. In total, police seized ~$220 million from the project.

⚡️The team announced the closure of the Multichain project and asked customers to stop using their product.

🧐Did law enforcement detain them for nothing? - I highly doubt it, there are many more "interesting" things, and it is not profitable for the team to share these "interesting" things, so they tell about the situation in a one-sided way.

🕯After that, there is no doubt that any project, despite its capitalization, can be involved in dubious stories, which will later lead to its collapse, after the arrest of the CEO of the project, the coin MULTI began its rapid downward flight, and after the final news about the arrest of 220 million, has finally fallen into the red zone and there is no chance that the project will continue its existence.

❔Do you trust new crypto projects ?

👍 - NO
👎 - YES

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14 Jul 2023 17:46

💥BREAKING: BlackRock's CEO, Larry Fink, expects #Bitcoin to transcend every international currency due to broad-based worldwide demand!

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13 Jul 2023 22:23

Why is it important to remember liquidity?🪙
⠀
In three words, liquidity is the speed of transactions. When there is liquidity, we can make any transactions with coins.

🔩Liquidity is a market characteristic of an asset showing its demand. The more assets can be sold at market price (without reducing its value), the higher its liquidity.

But if it is not there, we become an aperitif for the sharks. They will milk us while we try to sell the coins of weak projects.

What's wrong when liquidity is lacking?📈
We can't get out of a position because no one wants our shiat. As a result, we stay further waiting in the market. We become hostage to the situation that ordinary people have put us in.

Factors affecting liquidity📈

🟢 Bigger market, more traders.
Thus it will be easier to find a buyer or seller for an asset. This is influenced by the popularity of the asset, including the media part of the project, the media component of its creators and the PR management of the project team.

🟢 Number of trades on the market
More trades = more traders = more orders = more liquidity

🟢 The quality of the asset and its prospects
If a project is run by competent people, it has specific goals and prospects for further fruitful development in the future. This gives reason for speculation in the cryptocurrency market.

🟢Market structure and balance sheet
When the market structure is efficient, it is easier for buyers and sellers to find each other and close deals.

❔Do you ever get the feeling that even with in-depth analysis, there is no way you can read the market?

👍 - NO
👎 - YES

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13 Jul 2023 11:35

📢“If all 21 million bitcoins were evenly distributed, each of us would receive 262.5 thousand satoshis (0.002625 BTC).”

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12 Jul 2023 19:41

Crypto speak: Bull trap

A “bull trap” is a market analysis term that refers to a cryptocurrency’s price action that feigns an impending long-term upward (bullish) trend when, in reality, it’s secretly a short-term correction with more downward pressure.

In other words, if you see a crypto’s price pumping and immediately rush to buy it, congratulations, there’s a strong chance you’re entering a bull trap, and your coin is about to get cheaper 🙃

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12 Jul 2023 17:56

What are ATH and ATL?

These are two popular acronyms that stand for “all-time high” and “all-time low.”

Accordingly, ATH is the highest price a coin has reached in its history. For example, Bitcoin’s ATH is $69,044 (according to CoinGecko).

And ATL is the lowest recorded price of a coin.

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12 Jul 2023 14:55

CPI came in at 3.0 vs Expected 3.1%

Sentiment on the market is Bullish📈

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11 Jul 2023 09:22

🔨 92.5% of all bitcoins that will ever exist have been mined

Miners have only 7.5% of the supply left to mine. The entire history of BTC by halving eras in the video

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22 Jul 2023 22:18

Halving disclosure⚡️
⠀
It's no secret that in 2024 the bitcoin mining process will become more complex and BTC will grow to $100k. Or maybe even to $400k if some reputable analysts are to be believed.

⚡️The topic of growth has been actively discussed on Twitter and in all other media for the last couple of months. Well, how else can we make money in BTC?

➡️In fact, the increase in the complexity of mining, directly, practically does not affect the rate of everyone's favorite cryptocurrency. The mechanics of price formation depends primarily on the supply/demand balance.

🟢demand is higher; supply is higher
There are more purchases, but also more sales. Accordingly, the price is maintained.

🟢demand is higher; supply is lower
There are more buyers, less sellers. We're moving rapidly upwards.

🟢demand down; supply down
The number of purchases decreases, sales also decrease. Equilibrium again (which we have been seeing for the last month, by the way).

🟢demand is lower; supply is higher
And accordingly, there are fewer buyers and more sellers. A rapid fall downwards.

📉The third factor of influence is the total number of coins in circulation. Obviously, the higher the issue, the worse for the price. This factor is exactly what is affected by halving.

📈But! Let's imagine that 900 BTC are being mined every day. And they are reluctantly sold out, mostly held, because they see the prospect in bitcoin for various reasons. After halving, for example, there will be 400 BTC per day. But, at the same time, the investment attractiveness of BTC, let's say, will fall. Then both new and old bitcoins will sell out quickly, putting serious pressure on the glass.

🟠At the same time, there will be fewer buyers. That is, we will get the third scenario described above. In which demand falls, supply increases, and the price goes to the bottom. And no halving will not be able to prevent the fall.

🧐Therefore, it is important to remember! The market value of any asset depends primarily on the supply/demand balance. And if this balance is broken for various reasons, for the worse/for the better... then there is a natural change in price.

📈But, if we consider halving as one of the levers to influence supply/demand and maintain investment attractiveness... Yes, news noise does have a positive impact on the price. After all, thousands of investors will go to buy bitcoin (demand is higher) or continue to hold it (supply is lower) after reading headlines like "Halving is coming, mining BTC will be harder, $400k soon".

❔Do you believe bitcoin will be worth 100K+?

👍 - Yes
👎 - No

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21 Jul 2023 23:19

The life of altcoins🪙
⠀
⚡️A simple observation from crypto-twitter that will help you not to get high - altcoins die when their capitalization reaches 10 million ETH (10% of saplai) or 2 million BTC (also 10% of saplai). Below are a number of examples and a few exceptions (which you know what).

1️⃣LINK. 10M Eth, reached in mid-2020, down only since then.

2️⃣NEO. Down only after 10M Eth.

3️⃣SOL. Exceeded limit and reached ~17M Eth, but only down from there.

4️⃣DASH. This one, on the other hand, almost fell short and only reached 1M₿.

5️⃣AVAX. Only down after 8M Eth.

6️⃣IOTA. Grew to ~1M₿, then slowly dying.

7️⃣DOT. Maxed out at just under 1M₿, but around ~20M Eth.

8️⃣TRX. The tops are close to the previous one.

9️⃣LUNA. The most obvious position of the above, which suffered a crushing crash, but by volume fits the general rule - its max was at 1M₿ and 10M Eth.

1️⃣0️⃣XEM. Exactly the same situation: 1M₿ and 10M Eth, then only down.

Other examples of similar or close charts are BCH, SHIB, EOS, DASH, XMR, NANO, ATOM, ZEC, PPC, XTZ.

🧐Exception: LTC! Caught in the "death zone" at the level of 1M₿ 5 times. True, the last time it happened was in 2019, since then - only a fall.

🔩The obvious conclusion: when choosing long-term investments, look at the charts to ETH and BTC, avoid flying in late, and if you don't know what to buy - buy BTC or ETH.

📌Disclamer: of course, you should not rely only on the described rule. As always in such cases, not all coins even from the top 100 CMCs satisfy it. If the capitalization of the project has not reached 10 million ETH so far, it is quite possible that it will never reach them. However, the fact that on the horizon of 5+ years almost all cryptocurrencies are losing to BTC and ETH is an undeniable fact.

❔Do you invest in altcoins?

👍 - Yes
🤔 - No

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21 Jul 2023 09:35

Percentage of BTC, DOGE, LTC that have not moved for 5 years

The number of BTCs that have seen no activity for 5 years has reached 29% of the total circulating coins ($235 billion at the exchange rate) - most of these BTCs are probably lost forever.

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20 Jul 2023 16:59

Mining Bitcoin in 2013 🤯

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19 Jul 2023 21:49

💥 BREAKING: Robert F. Kennedy Jr. announces plan to back the dollar with Bitcoin & end Bitcoin taxes!

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18 Jul 2023 09:31

Appchains, sidechains, omnichains, omnichains, parachains... ? For those lost in the terminology🗳
⠀
All "chains" are created to solve two major problems of blockchain: interoperability and scalability. Therefore, it would be logical to categorize them into two groups🫂

Group 1️⃣: Interoperability

🟢Multichain (not to be confused with rect-bridge)
This term refers to a situation where a dApp operates with an isolated set of smart contracts on multiple blockchains. This increases overall throughput, user engagement rate, and cost efficiency. However, multichain comes with challenges such as fragmented liquidity and difficult linkability.

🟢Crosschain
Crosschain is the ability of different blockchains to interact, exchange data or value and transact with each other. This is often done through bridges, but there are other approaches, such as Chainlink's Crosschain Interoperability Protocol (CCIP).

🟢Omnichain
In Latin, Omni means "everything" or "everywhere." In general, this is roughly what it means - a kind of universal layer for all blockchains, ensuring their interoperability and crosschain functionality. The best known omnichain protocol is Layerzero.

Group 2️⃣: Scalability

🔵Appchain
This is essentially a blockchain specifically customized for a particular application or protocol. Such an option offers more customization options than regular dApps.

🔵Parachain
A type of blockchain in which security is provided by a central relay chain rather than a proprietary consensus mechanism. The term is commonly associated with Polkadot and Kusama networks, in which multiple parachains run in parallel. The key advantage of the model is that it allows multiple blockchains with different capabilities and purposes to operate simultaneously and interact on a common network.

🔵Sidechain
Sidechains are separate independent blockchains linked to the core network and allowing tokens or digital assets to be transferred between them. A sidechain has its own token, protocol, consensus mechanism, and security. Projects that have implemented sidechains include Polygon, Gnosis, and Skale.

🔵Superchain
An Optimism concept that is an interconnected network of layer 2 blockchains built on OP Stack. This single network shares security, communication layers, and development stack, making deployment of new networks as easy as deploying smart contracts.

🔵Hyperchain
Same as above, but from zkSync (a modular framework for creating Hyperchains (Hyperchains) rollups) (and accordingly, with zk rollups instead of optimistic rollups).

❔Are educational articles of interest to you?

👍 - YES
👎 - NO

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17 Jul 2023 19:41

⚫️The National Bank of Australia said it had blocked payments to "high risk" crypto exchanges worth more than A$270 million over the past four months, citing the risk of fraud. Platform names are not disclosed. Westpac, Commonwealth Bank of Australia and ANZ have taken similar steps.

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15 Jul 2023 22:22

The latest news on stablecoins💸
⠀
The European Banking Authority has published "guidelines" for issuers of stablecoins under the MiCA regulatory framework

🟢The document urges companies to prepare their business to comply with the legislation approved on April 20, which will come into force on June 30, 2024.

🟢"The statement is intended to encourage timely preparatory actions for MiCA to mitigate the risks of potentially disruptive and abrupt business model changes at a later stage, as well as to promote convergence with supervisors and ensure consumer protection."

🔩Under the regulator's proposal, "stablecoin" issuing organizations would need to:

1️⃣Provide full disclosure to customers

2️⃣Present a public business model

3️⃣Establish an effective management system, including risk management

4️⃣Establish a redemption mechanism and have sufficient reserves

5️⃣Register with the EBA

The agency noted that the recommendations for issuers are still voluntary.

At this time, Tether decides to issue an additional billion tokens🌐

Tether's CTO has tried to calm worried crypto investors agitated by the issuance of 1 billion USDT based on the TRON and Efirium networks

📈According to a spokesperson for the issuing company, "this is just a reallocation of liquidity."

💰In response to a post by the Whale Alert account, which warns of large-scale cryptocurrency movements, Paolo Ardoino wrote that the issuance of 1 billion USDT has been approved, but the tokens themselves have not yet been released.

These stable coins, according to the top executive, will serve as a reserve for requests to issue steyblocks and transfer tokens between blockchains.

🟢The issuance of 1 billion USDT based on Tron showed the popularity of steiblockcoin on the Tron network and high demand - since Tether issued a large volume of tokens in advance.

🟢USDT capitalization is growing at a faster pace. Over the past three months, the indicator has risen by $2.6 billion. At the same time, the main competitor, USDC, capitalization fell by $4.6 billion.

❔Is external control from the government a good thing for stablecoins?

👍 - NO
👎 - YES

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14 Jul 2023 10:02

GPU vs. CPU mining

This post is a general overview of GPU and CPU mining.

It’s simple: These are two types of mining that use different parts of the computer.

CPU mining is when you use the computer’s processor (the computer’s brain) for the task. Processors are good at various tasks but not as good at the large and complex calculations that mining requires.

GPU mining is when you use the graphics card (the visual brain of the computer) for mining. GPUs are built for fast and complex calculations (mostly for gaming), which makes them more efficient for mining.

As a result, GPU mining usually generates more revenue, but the hardware is also more expensive.

Did you think it was impossible to mine on a CPU? Well, yes, you can! (although not very efficiently).

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13 Jul 2023 12:41

What is 💰 Bitcoin by The Bitcoin Standard author, Saifedean Ammous.

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13 Jul 2023 08:23

Today we will talk about hedging, what it is and why it is important to know about it ⚡️
⠀
🟠Hedging is a method of reducing potential investment losses by entering a position that will work in the opposite direction to an existing position.

🟠The purpose of hedging is not to make money, but to protect against loss. Gains on the hedging position should offset losses on the underlying position.

Types of hedging.

There are 2 main methods:

1️⃣Through futures contracts
Futures allow you to buy or sell an asset at a predetermined price at a certain date in the future. For example, if you own 1 BTC and fear that the price might fall, you can sell a futures contract on it. If the price does fall, the profits from the contract will offset the loss.

2️⃣ Via option contracts
Options give you the right, but not the obligation, to buy or sell an asset at a set price within a certain period of time. If you fear a fall, you can buy a put option. If the price falls, the increase in value of the option will make up for the loss.

🟠Futures are about the obligations of both parties. Options are about the obligation of one party and the right of the other.

Example of hedging a position

🟠Let's say you own $10,000 worth of BTC. To hedge your position, you can do the following.

🟠Suppose Bitcoin is trading at the $30,000 level. You can sell a perpetual futures contract on BTC.

🟠For the average person, the wording "short position" would be more understandable. The idea is that you borrow coins so that you can later buy at a lower price and pay back the loan, making money on the difference in value.

Examples of when using hedging can be useful:

1️⃣ If you need to reduce the risk of a price drop when transferring an asset. For example, when dealing in arbitrage.

2️⃣ About participating in various activities where it is necessary to do steaking on a particular asset. For example, steaking token X when participating in a lunchep on an exchange.

3️⃣ If you own a portfolio and fear a general market decline on the back of upcoming news or events.

Major drawbacks when hedging:

1️⃣ Liquidity risk
Some instruments may be illiquid. This can make it difficult to enter or exit positions.

2️⃣ Costs
Hedging usually involves costs. For example, buying options requires paying a premium, which can be substantial depending on market conditions.

⚫️Finally, let me clarify an important piece of information. Before implementing any hedging strategy, make sure you fully understand the risks involved and potential drawbacks. Every tool and strategy has its pros and cons, and it is important to know what you are getting into.

❔Do you use hedging to preserve your assets?

👍 - Yes
👎 - No

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12 Jul 2023 18:35

AI programs like ChatGPT will be able to store, receive and send Bitcoins over the Lightning network

- Lightning Labs has announced a new set of tools for developers to integrate bitcoin with AI applications.

- Built on the L402 protocol , AI applications will now be able to hold, send and receive bitcoin payments - both on their network and the Lightning network.

"In 2023, you will be paid by bots!" - wrote a Lightning Labs engineer.

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12 Jul 2023 16:47

Reliability of stablecoins🌐
⠀
Stablecoins are cryptocurrencies whose value is linked to a fiat currency (dollar or euro) or a physical asset (e.g. gold).

🔴Rather than a basic breakdown of the advantages, disadvantages and whatnot, this topic will be covered in detail to dispel common myths about the "super-stability" of this asset. And if you can read about DEX and Lending on Google, then the information you will get acquainted with below can hardly be found in free access.

Forewarned is forearmed, or why dollar-stablecoin ≠ dollar?

🔴I bet that many people perceive dollar-stablecoin as a protective asset and an alternative to the real dollar 🤔

🔴But in fact, they are two different instruments. Stablecoin by its structure is a synthetic asset. When we buy a stablecoin, we are essentially buying a portion of the assets it is backed by. And if something happens to the assets that are collateralized - our stacks will turn into digital wrappers.

🪙The assets that centralized steibles are backed by, such as USDT, USDC, and BUSD:

1️⃣ Cash (10-60%)

2️⃣ U.S. government bonds (20-40%)

3️⃣ U.S. corporate bonds (5-10%)

4️⃣ Stocks (5-25%)

5️⃣ Assets against loans, precious metals, crypto assets, derivatives, repo (3-5%)

Buying Stablecoins is essentially buying a cat in a sack

It is impossible to find detailed information on the balance sheets of issuing companies on the internet. Also, we should take into account the fact that issuers of steiblecoins periodically perform rebalancing of collateral.

❗️Risks of Stablecoins:

🔴 Impairment of collateral due to mismanagement

🔴 Strong news FUD, the consequence of which can be bankrun.

🔴 Risks from regulators

But to hold or not to hold your assets in stablecoins is everyone's decision, it is important to keep an eye on the situation around each stablecoin in which you hold assets so as not to repeat the situation with FTX's stablecoin.

❔ Do you believe in the reliability of Stablecoins after this information?

👍 - Yes
👎 - No

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11 Jul 2023 15:04

JUST IN: Asset manager Vanguard Group, with over $7 trillion AUM, has purchased a 10% stake in #Bitcoin  miner Riot Platforms.

Not only are institutions here but they are coming for your 💰#Bitcoin.

Don't give it to them.

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10 Jul 2023 23:22

BlackRock's CEO turning 180 degrees on his past opinions on 💰Bitcoin 👀

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