⚡️Senator Cynthia Lummis has introduced a bill calling for the creation of a strategic bitcoin reserve in the United States
It is supposed to reduce the national debt by purchasing 1 million BTC over five years.
In turn, the purchased bitcoin will be stored for at least 20 years.
📈 Invest | Crypto Mindset✅️
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What happens if mining becomes unprofitable and all miners leave Bitcoin?
This is a popular question!
If miners start leaving Bitcoin all together, the difficulty of mining will decrease. This means that it will be easier for the remaining miners to mine Bitcoin, which in turn will bring new miners to the blockchain.
Thus, the system is self-regulating, and it is very unlikely that the Bitcoin network will suddenly collapse due to a miner exodus.
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⛏According to Hashlabs, the distribution of mining power in the world is as follows: 40% is concentrated in the USA, primarily due to significant investments in modern and energy-efficient equipment. Despite the cryptocurrency ban in China, it still accounts for 15% of the global Bitcoin mining hashrate. Europe lags behind in this regard due to expensive electricity costs.
Top countries by hashrate distribution:
1. USA: 40%
2. China: 15%
3. Russia: 12%
4. Canada: 5%
5. Kazakhstan: 3.5%
6. UAE: 3%
7. Malaysia: 3%
8. Norway: 1.5%
9. Ethiopia: 0.3%
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⚡️TON is catching up with Solana
•According to official data from Tether, TON, having overtaken NEAR, took 5th place among all blockchains in terms of the number of USDT issued on them.
•The network was able to achieve this in just a couple of months after the official launch of the stablecoin on it.
•At the moment, the difference between Solana and TON is only $110 million USDT.
📈 Invest | Crypto Mindset✅️
🔷Billionaire Mike Novogratz announced that his company Galaxy Digital has acquired ~$1 billion worth of Ethereum from blockchain operator CryptoManufaktur.
In addition to ETH, Galaxy Digital has more than 15 thousand BTC on its balance sheet.
📈Invest | Crypto Mindset✅️
Crypto Speak: CryptoJacking
Cryptojacking is a cybercrime where hackers secretly use someone else's devices—like computers, smartphones, tablets, or servers to mine cryptocurrency.
Operating stealthily to avoid detection, this malware exploits device resources to mine digital currencies like Bitcoin and many others, all without the user’s knowledge.
The primary goal is financial gain for the hacker, at the expense of your device's performance and security.Stay vigilant and protect your devices!
📈 Invest | Crypto Mindset✅️
🇩🇪 Giant Bitcoin logo projected onto Germany's tallest tower 🗼
📈 Invest | Crypto Mindset✅️
🥇 There's a rumor going around saying BRICS will use cryptocurrency for it's new payment system. If so, will it be Bitcoin 🧐
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💛 Last week, when BTC was trading below $60k, more than $1 billion was poured into spot Bitcoin ETFs.
Analysts at CryptoQuant said, the crypto market has entered its second largest institutional accumulation and investor confidence in the asset is skyrocketing.
Meanwhile, global spot Bitcoin ETFs have already accumulated more than one million BTC, with U.S. ETFs accounting for 880,000 BTC.
📈 Invest | Crypto Mindset✅️
❗️China plans to lift cryptocurrency ban in Q4 2024
In network is actively gaining views with posts about China's imminent lifting of the ban on cryptocurrencies.
🤓This event would open up a huge market for BTC."
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Solana has surpassed BNB to become the 4th largest cryptocurrency in the world by market value
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👀 Notcoin spoiler alert
Yesterday there were false rumors about the listing of the DOGS project, which the team immediately denied and made it clear that the real listing is still not far away, but detailed information will be given later.
🗣 Notcoin has now joined the audience warming up and wrote in its TG-channel that August is the month of dogs. And also in August there will be rewards for games from the project.
Probably the listing will be just in August 🙂 .
📈Invest | Crypto Mindset✅️
🛜 UAE-based Internet service provider DU accepts crypto for payment
The crypto partner is Triple-A service
Soon crypto payments for any products and services will become commonplace
📈 Invest | Crypto Mindset✅️
Biden’s exit from the presidential race helped Bitcoin recover to $68K, but analysts expect more market uncertainty.
Vice President Kamala Harris, now the Democratic nominee, has an unclear stance on crypto, which may lead to regulatory scrutiny.
Investors are likely to wait and see Harris's policies.
Prediction markets favor Donald Trump to win, with Polymarket showing over 62% betting on Trump and 35% on Harris.
Who would you choose?
🐳 - Trump
❤️ - Harris
📈 Invest | Crypto Mindset✅️
Bernstein: bitcoin will react positively to Trump's victory
Analysts at Bernstein believe that as Trump's chances of winning the election increase, bitcoin will react positively and gradually strengthen its position.
The assassination attempt on trump was a triggering event, which entailed a strong influx of investments in crypto. Also, trump's statement about the need to develop the cryptocurrency market provided a rise in the shares of companies that mine crypto.
Net inflow of capital into bitcoin-ETF for two weeks exceeded $2 billion. Since the beginning of the year, the figure amounted to more than $17bn.
At the moment, the total amount of funds under management of crypto funds has reached $60bn.
Bernstein expects the crypto effect of “Trumpism” to intensify, but on the condition that Trump's position does not weaken.
📈 Invest | Crypto Mindset✅️
🥇 BlackRock bought $1 billion worth of BTC in July
BlackRock is the largest publicly traded bitcoin holder, with over 300,000 BTC worth $20 billion on their balance sheet.
📈Invest | Crypto Mindset✅️
📊 The aggregate balance of US spot bitcoin-ETFs has hit an all-time high: 900,636 BTC
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How to buy your first crypto
The crypto and blockchain ecosystem offers myriad exchanges and platforms where you can buy and sell cryptocurrencies.
Navigating these services can be intimidating for first-timers; however, developers in the industry create and design products with everyone in mind, making buying crypto as easy as ordering something from Amazon or buying a plane ticket.
An excellent place to start for pure beginners is selecting a top-five crypto exchange—e.g., Binance or Coinbase. Once you’re set on one, all that’s left is to create an account and buy crypto by following a few simple steps.
There are, however, other ways to buy digital currencies besides Binance.
You can buy crypto on a decentralized exchange or a P2P market or mine it.
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Crypto Scam: Fake Telegram channels of well-known exchanges or projects
Telegram continues to gain popularity among crypto enthusiasts, so we want to warn you about one rather dangerous fraud scheme.
Attackers can convincingly reproduce the Telegram channel of a well-known exchange. They copy posts, maintain the channel for a long time, and even gain a similar number of subscribers as the official channel. After that, they start mailing to real subscribers with any kind of scam—from drawing cash prizes to entering a seed phrase for crypto wallets.
Be careful and always check whether you are in contact with the official account of an exchange or a fake one. (And remember, official channels never DM you first!)
📈Invest | Crypto Mindset✅️
Notcoin is the most popular cryptocurrency in Africa, surpassing even VTS
This follows from the ranking of the top 5 cryptocurrencies by continent. In Asia, the gap between bitcoin and notcoin is also small.
📈 Invest | Crypto Mindset✅️
🔶Binance is growing faster than other exchanges
Since the beginning of 2024, BTC stocks on all centralized exchanges have fallen 8%, while Binance has grown 10%.
CEO CryptoQuant:
The question I received most often last year was "Is everything okay with Binance?". A fabricated FUD can't beat data. Focus on data, not rumors.