💡💡💡: 🇺🇸 CFTC Chairman says Illinois court ruled Bitcoin & Ethereum are commodities.
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How Tap-to-Earn Works?
"Tap-to-earn" is an emerging concept in the cryptocurrency space that allows users to earn cryptocurrency tokens by interacting with a digital platform or application. Similar to Play-to-Earn (P2E), it provides an easy way for users to gain rewards through simple actions.
Here's how it typically works:
▪️User Engagement: Users interact with a digital platform, such as a mobile app, website, or game, by performing actions like watching ads, tapping, completing tasks, playing games, or providing data.
▪️Reward System: In return for their engagement, users receive cryptocurrency tokens directly into their digital wallets. These tokens usually have intrinsic value within the platform's ecosystem.
▪️Token Utility: The earned tokens can often be used within the platform's ecosystem for various purposes such as in-app purchases, trading, or even converting them to other cryptocurrencies or fiat money.
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💡💡💡: 🇩🇪 German parliament member Joana Cotar urges the government not to sell its Bitcoin 🙌
"(the government should be) holding BTC as a strategic reserve currency.”
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Did you know that Bitcoin is 10.32% more expensive in South Korea?
There is a special term for this phenomenon, the “Kimchi premium.” It occurs when the value of a token on Korean exchanges rises above global prices. This happens due to high demand and activity from local South Korean investors. More often than not, a rising “Kimchi premium” indicates an overheated market.
So, while you and I were celebrating Bitcoin’s new all-time high of $70,000, in South Korea, the digital gold has already crossed the $72,000 bar 🙂
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⚡️ Highly recommended: Geopolitics Live, one of the fastest-growing and most quoted political Telegram channels in English.
You've probably already seen their reports re-posted on Telegram — but it's always better to get the top analysis and the major news first-hand.
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There are currently 1 million 10 thousand 777 addresses with at least 1 full BTC in their balances
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🇺🇸 A debate between Biden and Trump was held in the US. Despite the expectations of cryptans, digital assets were not mentioned by either candidate during the debate.
Against this backdrop, the value of the PolitiFi segment's named memcoins plummeted. BODEN sagged by 36%, Doland Tremp by 20%, and MAGA by 10%.
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📊 Nvidia, $NVDA, is making some INSANE moves:
From June 20th through June 24th, Nvidia lost $600 BILLION of market cap in 3 trading days.
Today, the stock has added $250 BILLION in market cap from its pre-market low.
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❄️ In two months, the amount of USDt-TON in circulation has reached 500m, marking the most successful launch in Tether’s history.
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💰 Andreas Antonopoulous gives the best explanation on how to measure the success of #Bitcoin 🎙
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JUST IN: Bitcoin falls under $55,000 for the first time since February.
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Inflation in cryptocurrencies
In the crypto world, just as in the real world, there is inflation, an asset depreciating over time.
Inflation in cryptocurrencies occurs when too many new coins are issued.
A clear example is the cryptocurrency Dogecoin (DOGE). Dogecoin has no limit on the number of coins that can be issued, and up to 5.2 billion new DOGE can be created each year. Similarly, when new dollars are printed, Dogecoin depreciates slightly each year.
Bitcoin, on the other hand, is not subject to inflation; since the total number of Bitcoin can never exceed 21 million, the coin is protected from depreciation.
But frankly speaking, investors barely pay attention to this. Since crypto is very volatile, this 2%–3%–4% annual inflation has almost no effect on anything.
However, if you come across a coin with suspicious tokenomics—e.g., they’ve made it possible to issue an unlimited number of tokens during any period—this should definitely be taken into account when making investment decisions.
📈 Invest | Crypto Mindset✅️
💰 $700M in Bitcoin shorts will be liquidated at $65,000! 🚀
📈Invest | Crypto Mindset✅️
📉 JUST IN: NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2.
Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downfall, which NFTs were a part of.
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🪙 Tether has introduced the option to pay social security contributions in USD₮ on the TON blockchain in the Philippines.
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💰 The German Government transferred 1,500 BTC ($94.7M) out again, of which 400 BTC ($25.3M) was transferred to Bitstamp, Coinbase and Kraken.
German Government currently holds 44,692 BTC ($2.82B).
📈 Invest | Crypto Mindset✅️
🥇 Over 65% of all #Bitcoin supply hasn’t moved in more than 1 year 👀
Bullish 🐂
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Random Bitcoin fact: Bitcoin is a deflationary asset.
It's total supply is capped at 21 million coins, making it deflationary as the supply cannot be inflated beyond the predetermined limit. This scarcity implies that over time, the value of Bitcoin is expected to increase due to limited supply and growing demand, making it a store of value similar to gold.
However, this nature also incentivizes users to hold on to their coins rather than spend them, potentially impacting economic activity.
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💡💡💡: 🇧🇴Bolivia lifts ban on Bitcoin and crypto payments, officially making it legal for financial entities.
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Memcoins are the most profitable sector so far in 2024: with the highest average return of 2405.1%.
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🇧🇷 Brazilian soccer legend Ronaldinho says "Time for crypto to go mainstream, who’s with me?" 👀
📈Invest | Crypto Mindset✅️