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A Primer on Layer 2 Scaling Solutions
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Layer 1: Overview of Blockchain Diversity
There are over 1,000 active blockchains, each with unique strengths and weaknesses.
Ethereum and Solana are highlighted as Layer 1 blockchains with distinct features.
Layer 2: Introduction to Layer 2 Protocols
Layer 2 protocols aim to enhance decentralized networks' efficiency without compromising security or decentralization.
Examples of Layer 2 tokens like MATIC, IMX, ARB, OP, and LRC are mentioned.
Layer 3: Types of Layer 2 Scaling Solutions
Layer 2 encompasses various solutions such as sidechains (e.g., Polygon), parachains (e.g., Polkadot), ZK-rollups (e.g., Matter Labs, Starkware), and optimistic rollups (e.g., Arbitrum, Optimism).
Layer 4: Significance of Layer 2 Solutions
Layer 2 inherits security from the underlying main chain, offering higher transaction speeds and lower fees.
Specific applications can be optimized through Layer 2 solutions, improving user experiences.
Layer 5: Considerations and Other Layer 2s
Potential drawbacks include liquidity shifts and inheriting vulnerabilities from Layer 1 networks.
The article briefly mentions the Bitcoin Lightning Network as a Layer 2 solution for Bitcoin.
#sol #blockchain #Ethereum #newsTrading
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Layer 1: Overview of Blockchain Diversity
There are over 1,000 active blockchains, each with unique strengths and weaknesses.
Ethereum and Solana are highlighted as Layer 1 blockchains with distinct features.
Layer 2: Introduction to Layer 2 Protocols
Layer 2 protocols aim to enhance decentralized networks' efficiency without compromising security or decentralization.
Examples of Layer 2 tokens like MATIC, IMX, ARB, OP, and LRC are mentioned.
Layer 3: Types of Layer 2 Scaling Solutions
Layer 2 encompasses various solutions such as sidechains (e.g., Polygon), parachains (e.g., Polkadot), ZK-rollups (e.g., Matter Labs, Starkware), and optimistic rollups (e.g., Arbitrum, Optimism).
Layer 4: Significance of Layer 2 Solutions
Layer 2 inherits security from the underlying main chain, offering higher transaction speeds and lower fees.
Specific applications can be optimized through Layer 2 solutions, improving user experiences.
Layer 5: Considerations and Other Layer 2s
Potential drawbacks include liquidity shifts and inheriting vulnerabilities from Layer 1 networks.
The article briefly mentions the Bitcoin Lightning Network as a Layer 2 solution for Bitcoin.
#sol #blockchain #Ethereum #newsTrading
🏛️ The Bank of Spain (BDE) has chosen partner companies, including Cecabank, Abanca, and Adhara Blockchain, to conduct a pilot test of CBDC (central bank issued digital currency). The wholesale CBDC pilot aims to explore interbank payment processing and is set to be completed within six months. 💱📊 #CBDC #blockchain
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🕵️♂️ Blockchain Detective: Unraveling the Mystery of Lost Altcoins 🕵️♂️
Hey guys!
Has anyone lost some #altcoins ? Don't worry, Detective #blockchain is on the case! I'm going to follow the clues in the ledger and find where these coins ended up.
Spoiler: they are probably hidden in a forgotten wallet, along with those unread emails. 🕵️♂️💼
Hey guys!
Has anyone lost some #altcoins ? Don't worry, Detective #blockchain is on the case! I'm going to follow the clues in the ledger and find where these coins ended up.
Spoiler: they are probably hidden in a forgotten wallet, along with those unread emails. 🕵️♂️💼
#DoYouKnow
What is #blockchain ?
It is decentralized and distributed digital ledger technology that is used to store information/data/transaction across multiple computers simultaneously to ensure transparency, security, and immutability. These transactions are grouped in blocks and are linked together using cryptography principles, creating a chain, hence named as BlockChain.
#SupportQualityContent
#learning
What is #blockchain ?
It is decentralized and distributed digital ledger technology that is used to store information/data/transaction across multiple computers simultaneously to ensure transparency, security, and immutability. These transactions are grouped in blocks and are linked together using cryptography principles, creating a chain, hence named as BlockChain.
#SupportQualityContent
#learning
👉👉👉 Total Value of Crypto Stolen From #DEFI Platforms in 2023 Plummets by 63.7% Year-on-Year: #Chainalysis
#blockchain analysis firm Chainalysis has reported a significant decline in the value of crypto assets stolen by cybercriminals in 2023, attributing the decrease to a substantial drop in hacking incidents targeting decentralized finance (DeFi) platforms.
In a recent report, Chainalysis highlights that hackers pilfered just $1.1 billion from DeFi protocols in 2023, compared to $3.1 billion in 2022 and $2.5 billion in 2021.
The report indicates a 17.2% year-over-year decrease in the number of DeFi hacks, accompanied by a 7.4% drop in the median loss per DeFi hack.
The reduction in the value stolen from DeFi platforms is seen as a positive sign, suggesting that operators are enhancing #smartcontract security. Additionally, the decline in DeFi activities throughout the year contributed to fewer protocols for hackers to target.
Chainalysis emphasizes that the reasons behind the drop in DeFi hacking could be a combination of improved security practices and the overall decrease in DeFi activity. The report cautions that if the decline is primarily due to reduced DeFi activities, it will be crucial to monitor whether DeFi hacking rises again during another DeFi bull market, potentially leading to higher total value locked (TVL) and a larger pool of DeFi funds for hackers to exploit
Source - dailyhodl.com
#CryptoNews
#blockchain analysis firm Chainalysis has reported a significant decline in the value of crypto assets stolen by cybercriminals in 2023, attributing the decrease to a substantial drop in hacking incidents targeting decentralized finance (DeFi) platforms.
In a recent report, Chainalysis highlights that hackers pilfered just $1.1 billion from DeFi protocols in 2023, compared to $3.1 billion in 2022 and $2.5 billion in 2021.
The report indicates a 17.2% year-over-year decrease in the number of DeFi hacks, accompanied by a 7.4% drop in the median loss per DeFi hack.
The reduction in the value stolen from DeFi platforms is seen as a positive sign, suggesting that operators are enhancing #smartcontract security. Additionally, the decline in DeFi activities throughout the year contributed to fewer protocols for hackers to target.
Chainalysis emphasizes that the reasons behind the drop in DeFi hacking could be a combination of improved security practices and the overall decrease in DeFi activity. The report cautions that if the decline is primarily due to reduced DeFi activities, it will be crucial to monitor whether DeFi hacking rises again during another DeFi bull market, potentially leading to higher total value locked (TVL) and a larger pool of DeFi funds for hackers to exploit
Source - dailyhodl.com
#CryptoNews
2024: What Should You Watch Out For?
Every crypto enthusiast is hoping that this year will turn out to be the breakthrough year in the space.
So, I have gathered the expected big events of 2024 to help you make the best decisions!
Here are some of the top trends to watch out for in the crypto and blockchain space in 2024:
$BTC could reach new all-time highs, surpassing $80,000, driven by the halving event and the launch of spot Bitcoin ETFs.
$ETH revenue could double to $5 billion, as the network transitions to Ethereum 2.0, a more scalable, efficient, and sustainable version.
Stablecoins, which are cryptocurrencies pegged to fiat currencies or other assets, could see a surge in adoption and usage, even exceeding Visa in transaction volume.
DeFi, or decentralized finance, could continue to grow rapidly, eliminating the need for intermediaries in financial transactions.
Enterprise blockchain adoption could increase, as more businesses and organizations leverage the benefits of distributed ledger technology.
CBDCs, or central bank digital currencies, could become more prevalent, as more countries experiment with issuing their digital versions of their national currencies.
NFTs, or non-fungible tokens, could expand beyond the art and gaming sectors, and into pop culture, music, sports, and more.
AI, or artificial intelligence, could enhance blockchain capabilities, such as security, scalability, and interoperability.
These are just some of the possible trends that could shape the crypto and blockchain landscape in 2024. Of course, many more factors and developments could influence the market, so it is always advisable to do your research and stay updated with the latest news and information.
#Artificial_Intelligence #NFTRevolution #De.Fi #CBDCs #blockchain
Every crypto enthusiast is hoping that this year will turn out to be the breakthrough year in the space.
So, I have gathered the expected big events of 2024 to help you make the best decisions!
Here are some of the top trends to watch out for in the crypto and blockchain space in 2024:
$BTC could reach new all-time highs, surpassing $80,000, driven by the halving event and the launch of spot Bitcoin ETFs.
$ETH revenue could double to $5 billion, as the network transitions to Ethereum 2.0, a more scalable, efficient, and sustainable version.
Stablecoins, which are cryptocurrencies pegged to fiat currencies or other assets, could see a surge in adoption and usage, even exceeding Visa in transaction volume.
DeFi, or decentralized finance, could continue to grow rapidly, eliminating the need for intermediaries in financial transactions.
Enterprise blockchain adoption could increase, as more businesses and organizations leverage the benefits of distributed ledger technology.
CBDCs, or central bank digital currencies, could become more prevalent, as more countries experiment with issuing their digital versions of their national currencies.
NFTs, or non-fungible tokens, could expand beyond the art and gaming sectors, and into pop culture, music, sports, and more.
AI, or artificial intelligence, could enhance blockchain capabilities, such as security, scalability, and interoperability.
These are just some of the possible trends that could shape the crypto and blockchain landscape in 2024. Of course, many more factors and developments could influence the market, so it is always advisable to do your research and stay updated with the latest news and information.
#Artificial_Intelligence #NFTRevolution #De.Fi #CBDCs #blockchain
Blochchain Technology 👉
Blockchain technology is a decentralized and distributed ledger system that records transactions across a network of computers in a secure and transparent manner. It consists of a chain of blocks, where each block contains a list of transactions. These blocks are linked together using cryptographic hashes, forming a chronological and unchangeable chain.Key features of blockchain technology include:Decentralization: No single entity has control over the entire blockchain, making it resistant to censorship and tampering.Transparency: The entire transaction history is visible to all participants in the network, enhancing transparency and trust.Immutability: Once a block is added to the chain, it is nearly impossible to alter previous blocks, ensuring the integrity of the entire transaction history.Security: Cryptographic techniques secure transactions, making it challenging for malicious actors to manipulate the data.Blockchain is the underlying technology for cryptocurrencies, but its applications extend beyond finance. It's being explored for various uses such as supply chain management, smart contracts, and decentralized applications (DApps).#blockchain #Web3CreativeHub #TechnicalStudy
Blockchain technology is a decentralized and distributed ledger system that records transactions across a network of computers in a secure and transparent manner. It consists of a chain of blocks, where each block contains a list of transactions. These blocks are linked together using cryptographic hashes, forming a chronological and unchangeable chain.Key features of blockchain technology include:Decentralization: No single entity has control over the entire blockchain, making it resistant to censorship and tampering.Transparency: The entire transaction history is visible to all participants in the network, enhancing transparency and trust.Immutability: Once a block is added to the chain, it is nearly impossible to alter previous blocks, ensuring the integrity of the entire transaction history.Security: Cryptographic techniques secure transactions, making it challenging for malicious actors to manipulate the data.Blockchain is the underlying technology for cryptocurrencies, but its applications extend beyond finance. It's being explored for various uses such as supply chain management, smart contracts, and decentralized applications (DApps).#blockchain #Web3CreativeHub #TechnicalStudy
Cradles introduces an innovative Ticket System and Cradles Power (CP), changing the gaming experience by transforming how players earn and accelerate in-game rewards.
#blockchain #nft #gaming #Cradles
#blockchain #nft #gaming #Cradles
🌎 World On Chain ⛓️
🌟 BREAKING: Hong Kong Ventures into Financial Revolution through Spot Crypto ETFs!
Hong Kong's financial landscape is poised for a monumental stride, gearing up to launch spot cryptocurrency Exchange-Traded Funds (ETFs). Collaborating seamlessly, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority are now inviting applications to materialize this groundbreaking innovation. This daring leap distinguishes Hong Kong from China's stringent stance on cryptocurrencies, with the SFC paving the way with transparent guidelines for investing in digital assets, spotlighting licensed platforms.
As an integral part of its ambitious vision to establish itself as the ultimate haven for cryptocurrencies, Hong Kong unveils plans for a retail crypto trading licensing framework, cementing its position as a trailblazing hub welcoming the world of crypto enthusiasts.
#BTC #Bitcoin #Crypto #blockchain
🌟 BREAKING: Hong Kong Ventures into Financial Revolution through Spot Crypto ETFs!
Hong Kong's financial landscape is poised for a monumental stride, gearing up to launch spot cryptocurrency Exchange-Traded Funds (ETFs). Collaborating seamlessly, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority are now inviting applications to materialize this groundbreaking innovation. This daring leap distinguishes Hong Kong from China's stringent stance on cryptocurrencies, with the SFC paving the way with transparent guidelines for investing in digital assets, spotlighting licensed platforms.
As an integral part of its ambitious vision to establish itself as the ultimate haven for cryptocurrencies, Hong Kong unveils plans for a retail crypto trading licensing framework, cementing its position as a trailblazing hub welcoming the world of crypto enthusiasts.
#BTC #Bitcoin #Crypto #blockchain
Democracy Goes Digital: Can Blockchain Secure the Vote in 2024's Super Election Year?
With over 64 countries, including giants like India and the US, holding elections in 2024, the world is preparing for a democratic super year. Amidst rising concerns over election integrity, a new whisper emerges: can blockchain revolutionize the way we vote?
Blockchain, the technology behind cryptocurrencies, offers a secure and transparent voting system. Votes cast are recorded on a tamper-proof ledger, reducing fraud and boosting trust. Pilot programs have shown promise, but challenges like scalability and digital inclusivity remain.
Despite hurdles, the urgency is clear. 2024 could be a turning point for digital democracy. With careful implementation and public education, blockchain may just become the missing piece in rebuilding trust and securing our votes. The future of democracy might just be a click away.
This Blog retains the crucial elements: the scale of 2024 elections, the potential of blockchain for secure voting, and the need for careful implementation.
#crypto2024 #blockchain
With over 64 countries, including giants like India and the US, holding elections in 2024, the world is preparing for a democratic super year. Amidst rising concerns over election integrity, a new whisper emerges: can blockchain revolutionize the way we vote?
Blockchain, the technology behind cryptocurrencies, offers a secure and transparent voting system. Votes cast are recorded on a tamper-proof ledger, reducing fraud and boosting trust. Pilot programs have shown promise, but challenges like scalability and digital inclusivity remain.
Despite hurdles, the urgency is clear. 2024 could be a turning point for digital democracy. With careful implementation and public education, blockchain may just become the missing piece in rebuilding trust and securing our votes. The future of democracy might just be a click away.
This Blog retains the crucial elements: the scale of 2024 elections, the potential of blockchain for secure voting, and the need for careful implementation.
#crypto2024 #blockchain
🚀🚀🚀 Indonesia’s central bank eye #CBDC trial for 2024
Bank Indonesia (BI) has officially announced its intention to delve into central bank digital currency (CBDC) exploration in 2024, initiating full-scale trials in collaboration with major commercial banks.
According to Business Times, BI's CBDC initiative will concentrate on wholesale interbank settlement, leveraging #blockchain technology. The proposed CBDC, the digital rupiah, underwent preliminary studies and completed a proof-of-concept in 2022.
The upcoming pilot program will involve BI examining technological and regulatory frameworks to facilitate the rollout of the digital rupiah.
BI Governor Perry Warjiyo stated, "We have issued the proof-of-concept for the digital currency, and we expect to design the technology and infrastructure we will be using in the near future."
This pilot project builds on insights gathered from a public consultation with industry stakeholders. The results led to the decision to focus on a wholesale CBDC offering, ensuring the "rupiah's sovereignty in the digital era."
BI has enlisted the support of commercial banks and technical partners for its CBDC pilot. In addition to local interbank payments, the central bank plans to experiment with cross-border settlements, #Tokenization , and use cases in foreign exchange transactions and the metaverse.
The central bank aims for interoperability with CBDCs from other jurisdictions, suggesting a phased rollout. The initial phase will involve launching a digital rupiah for monetary operations and the money market before considering a retail CBDC.
Bank Indonesia's (BI) CBDC initiative coincides with heightened scrutiny on digital currencies. Indonesia is considering classifying them as securities and implementing stricter exchange regulations. A Ministry of Trade resolution mandates two-thirds of digital exchange directors to be in Indonesia, and there's exploration of a national digital currency exchange for industry uniformity.
Source - coingeek.com
#CryptoNews🔒📰🚫 #BinanceSquare
Bank Indonesia (BI) has officially announced its intention to delve into central bank digital currency (CBDC) exploration in 2024, initiating full-scale trials in collaboration with major commercial banks.
According to Business Times, BI's CBDC initiative will concentrate on wholesale interbank settlement, leveraging #blockchain technology. The proposed CBDC, the digital rupiah, underwent preliminary studies and completed a proof-of-concept in 2022.
The upcoming pilot program will involve BI examining technological and regulatory frameworks to facilitate the rollout of the digital rupiah.
BI Governor Perry Warjiyo stated, "We have issued the proof-of-concept for the digital currency, and we expect to design the technology and infrastructure we will be using in the near future."
This pilot project builds on insights gathered from a public consultation with industry stakeholders. The results led to the decision to focus on a wholesale CBDC offering, ensuring the "rupiah's sovereignty in the digital era."
BI has enlisted the support of commercial banks and technical partners for its CBDC pilot. In addition to local interbank payments, the central bank plans to experiment with cross-border settlements, #Tokenization , and use cases in foreign exchange transactions and the metaverse.
The central bank aims for interoperability with CBDCs from other jurisdictions, suggesting a phased rollout. The initial phase will involve launching a digital rupiah for monetary operations and the money market before considering a retail CBDC.
Bank Indonesia's (BI) CBDC initiative coincides with heightened scrutiny on digital currencies. Indonesia is considering classifying them as securities and implementing stricter exchange regulations. A Ministry of Trade resolution mandates two-thirds of digital exchange directors to be in Indonesia, and there's exploration of a national digital currency exchange for industry uniformity.
Source - coingeek.com
#CryptoNews🔒📰🚫 #BinanceSquare
Epic Games Store has changed its policy on blockchain games. This comes after some blockchain games with ‘Adults Only’ ratings were taken off the store for using Blockchain and NFTs.
#nft #blockchain #EpicGames
#nft #blockchain #EpicGames
Ice The Decentralized Future 100x Gem you can mine for free
#🧊Ice is the newest digital currency that you can mine for free using your phoneEmbrace a #decentralized future by discovering the Ice vision for its mainnet.The Ice Open Network (ION) is a revolutionary #blockchain initiative designed to address the challenges of centralization and introduce solutions to the data privacy and ownership issues that are pervasive in today’s digital environment.Join over 1.2 million visionaries who have successfully completed KYC, gearing up for the #ETH distribution and the anticipated #uniswap listing.The digital currency you can mine on your phonefree mining using your phoneno resources or battery consumptiondecentralized networkavailable on both Android and iOS#mining Ice is free.All you need is an invitation from an existing trusted member of the network.1. Download the app through the link: https://ice.io/@alext9992. Use my link or code to earn 25% on your base mining rate ⛏️link: https://ice.io/@alext999code:alext9993. Add your Ethereum #Metamask or TrustWallet address and be eligible for the distribution! 🌐4. Start mining Ice for free 🧊⛏️5. Enjoy your free earnings 💰
Scammers have used the " #MSDrainer " service to steal approximately $59 million in #crypto from victims over nine months, as per a report by #blockchain security firm #ScamSniffer. The scam operated via #GoogleAds , mimicking popular crypto platforms like Zapper, Lido, Stargate, DefiLlama, Orbiter Finance, and Radient.
The "MS Drainer" is a specialized tool functioning as a blockchain-based smart contract, allowing scammers to drain crypto from victim wallets without authorization. It charges a fee on the stolen amount, sharing it with developers.
Initially identified in March, the scam employed regional targeting and page-switching tactics to evade Google's ad audits, posting counterfeit ads to carry out phishing attacks. Scammers used web redirects, misleading users into accessing fake websites resembling official platforms.
Scam Sniffer uncovered 10,072 fake sites using "MS Drainer," peaking in November before a decline. Over 63,000 victims fell prey to the scheme, losing nearly $59 million in crypto.
The "MS Drainer" developer sold this tool for a flat fee of $1,499.99 on forums, offering additional "modules" at different prices.
The "MS Drainer" is a specialized tool functioning as a blockchain-based smart contract, allowing scammers to drain crypto from victim wallets without authorization. It charges a fee on the stolen amount, sharing it with developers.
Initially identified in March, the scam employed regional targeting and page-switching tactics to evade Google's ad audits, posting counterfeit ads to carry out phishing attacks. Scammers used web redirects, misleading users into accessing fake websites resembling official platforms.
Scam Sniffer uncovered 10,072 fake sites using "MS Drainer," peaking in November before a decline. Over 63,000 victims fell prey to the scheme, losing nearly $59 million in crypto.
The "MS Drainer" developer sold this tool for a flat fee of $1,499.99 on forums, offering additional "modules" at different prices.
🚀🚀🚀 #zkSync Era Resolves Network Glitch Triggered by Automated Safety Check 🚀🚀🚀
The zkSync development team recently fixed a glitch in the zkSync Era platform that occurred on December 25th at 05:50 UTC. The glitch, which lasted a couple of hours, was caused by an automated safety mechanism triggering unexpectedly. The team assured that no funds were at risk during this incident.
The glitch was traced back to a bug in how the operator computed the state update. Although the protocol's calculations were correct, there was a subtle bug in how the operator was also computing it. The team promptly identified and resolved the bug, and normal processing of transactions resumed after catching up with those that had to wait in the mempool.
The resolution was quickly implemented, and an updated version of the node software was released for other node operators to deploy the changes. The zkSync team acknowledged that the initial highly defensive posture might no longer be necessary given the network's maturity.
In a related development, the #NFT project Pudgy Penguins announced the upcoming alpha launch of its #Web3 game, Pudgy World, based on zkSync Era. The alpha is set to launch in Q1 of 2024, and players won't need to own Pudgy Penguins NFTs to participate, although NFT holders may receive certain benefits.
Pudgy Penguins CEO Luca Netz expressed excitement about the alpha launch, emphasizing that Pudgy Penguin owners could play the game without prior knowledge of the underlying #blockchain technology. The team also apologized to affected developers and users for any inconvenience during the incident, expressing gratitude for the community's patience and offers to help.
#BinanceSquare
The zkSync development team recently fixed a glitch in the zkSync Era platform that occurred on December 25th at 05:50 UTC. The glitch, which lasted a couple of hours, was caused by an automated safety mechanism triggering unexpectedly. The team assured that no funds were at risk during this incident.
The glitch was traced back to a bug in how the operator computed the state update. Although the protocol's calculations were correct, there was a subtle bug in how the operator was also computing it. The team promptly identified and resolved the bug, and normal processing of transactions resumed after catching up with those that had to wait in the mempool.
The resolution was quickly implemented, and an updated version of the node software was released for other node operators to deploy the changes. The zkSync team acknowledged that the initial highly defensive posture might no longer be necessary given the network's maturity.
In a related development, the #NFT project Pudgy Penguins announced the upcoming alpha launch of its #Web3 game, Pudgy World, based on zkSync Era. The alpha is set to launch in Q1 of 2024, and players won't need to own Pudgy Penguins NFTs to participate, although NFT holders may receive certain benefits.
Pudgy Penguins CEO Luca Netz expressed excitement about the alpha launch, emphasizing that Pudgy Penguin owners could play the game without prior knowledge of the underlying #blockchain technology. The team also apologized to affected developers and users for any inconvenience during the incident, expressing gratitude for the community's patience and offers to help.
#BinanceSquare
Understanding Matters Then You Can Make The Money 💰
Understanding Key ConceptsHere are some fundamental concepts to enhance your crypto knowledge:Blockchain Basics:Understand the foundational technology behind cryptocurrencies. Blockchain is a decentralized ledger that ensures transparency and security in transactions.Cryptocurrency Types:Explore various cryptocurrencies beyond Bitcoin (BTC), such as Ethereum (ETH), Binance (BNB), Ripple (XRP), Litecoin (LTC) and so on. Each has unique features and purposes.Wallet Security:Learn about the importance of secure wallets to store and manage your cryptocurrencies. Hardware wallets provide an extra layer of protection.Binance App has been the top and most trusted crypto exchange platform. It’s secured and trusted.Market Trends:Stay updated on market trends and fluctuations. Cryptocurrency prices are influenced by various factors, including market demand, News, regulatory developments and so on.Decentralized Finance (DeFi):Delve into the world of decentralized finance, where traditional financial services are provided using blockchain technology. Explore decentralized exchanges, lending platforms, and more.Initial Coin Offerings (ICOs) and Token Sales:Understand the concept of ICOs and token sales, which are fundraising methods for new crypto projects. Be aware of the associated risks and potential rewards.Smart Contracts:Explore how smart contracts, self-executing contracts with coded terms, are revolutionizing various industries by automating and ensuring trust in transactions.Regulatory Landscape:Stay informed about crypto regulations in your region. Governments worldwide are working on establishing frameworks to govern the use of cryptocurrencies.NFTs (Non-Fungible Tokens):Dive into the exciting world of NFTs, unique digital assets that represent ownership of specific items, art, or content on the blockchain.Crypto Community Engagement:Join online forums, social media groups, and attend local meetups to engage with the crypto community. Share insights, ask questions, and learn from others' experiences.Remember, the crypto space is dynamic, so continuous learning is essential. Whether you're a seasoned investor or a curious newcomer, staying informed will empower you to navigate the crypto frontier with confidence. #Cryptoeducation🔥 #blockchain #NFP #bnb #BTC
Is It Too Late to Start Investing in Cryptocurrencies in 2024?
Cryptocurrencies have been around for over a decade now, but the question of whether it’s too late to invest in them still lingers. The answer is no. It’s never too late to start investing in cryptocurrencies, and 2024 is no exception. In fact, the current market downturn could be the best time to invest.According to a recent article by The Motley Fool Canada, many investors and businesses still don’t understand the industry and have yet to see the upside of blockchain technology. This means that there is still plenty of room for growth in the cryptocurrency market.Although the market has experienced a significant downturn recently, it’s important to remember that this is not the first time this has happened. In fact, market slumps can be the best opportunity to invest. As the saying goes, “buy low, sell high.” The current market downturn could be the perfect opportunity to buy low and reap the rewards when the market bounces back.So, what are some of the best cryptocurrencies to invest in? While there is no one-size-fits-all answer to this question, some of the most popular cryptocurrencies include Bitcoin, Ethereum, and Solana. However, it’s important to do your own research and invest in cryptocurrencies that align with your investment goals and risk tolerance.Please note that this is not a solicitation for investment. Investing is risky, please study the details carefully before making a decision.#cryptocurrency #investing #blockchain #2024bitcoinhalving #buylow
Crypto Daily Roundup,29 Feb: Market Rally Maintains Momentum
Crypto News Key Highlights:
KuCoin and Revolut team up for euro-based cryptocurrency purchases, offering seamless access to various assets. Despite U.S. legal challenges, KuCoin serves 31M+ users. They launch a zero-fee trading event for BTC and Ether pairs, providing 100% Fee Rebate Vouchers. Bitcoin surpasses $64,000, signaling market optimism and its enduring appeal.Tron prepares for a major upgrade with the GreatVoyage-v4.7.4 (Bias) release in Q1 2024. The update focuses on simplifying protocol development, enhancing network stability, and optimizing performance. Key features include gRPCurl tool support, Java-tron code dependency management, and improved vote reward withdrawal speed, reinforcing Tron’s commitment to innovation and efficiency.Bitcoin surpasses $64,000 as traders await U.S. Bureau of Economic Analysis’ PCE inflation data. Recent CPI surge eliminates Fed rate cut possibilities. Wall Street giants are divided on PCE, but anticipate cooling inflation. Fed Chair Powell expects rate cuts from September, with a 65% chance in June. Strong PCE could boost USD and impact Bitcoin.Spot Bitcoin ETFs saw a record $673 million inflow on Wednesday, driven by demand surpassing supply. BlackRock’s IBIT led with $612 million inflow, totaling over $7.15 billion net inflow. Other ETFs like FBTC and ARKB also experienced substantial inflows. Meanwhile, GBTC witnessed a $216.4 million outflow. BTC surged above $63,000 amidst rising trading volumes and open interests.OpenAI faces SEC scrutiny over alleged investor misrepresentation following CEO Sam Altman’s internal communications. Leadership shakeup triggered overhaul, including co-founder’s departure and Microsoft’s non-voting board seat. Despite WSJ report, OpenAI remains silent. SEC inquiry involves internal document requests, subpoena issued in December post-Altman’s dismissal. Legal battles and governance concerns add to company’s challenges.Bitcoin’s surge past $64,000 sparks interest in cryptocurrency markets, affecting funding rates in contracts. Glassnode data shows rates correlate with Bitcoin’s price, reaching highs on Binance and OKX. Understanding funding rates is crucial for traders as they indicate market sentiment and influence trading strategies.Spot Bitcoin ETFs set new daily ATH inflows, led by BlackRock’s IBIT with $612 million. Grayscale sees $216 million outflows, while Fidelity’s FBTC records $245 million inflow. Analysts anticipate increased volatility due to thin supply and record trading volumes, driven by organic demand. Decreasing BTC supply on exchanges signals potential supply shock.
#cryptonewstoday #CoinGabbar #cryptocurrency #blockchain
KuCoin and Revolut team up for euro-based cryptocurrency purchases, offering seamless access to various assets. Despite U.S. legal challenges, KuCoin serves 31M+ users. They launch a zero-fee trading event for BTC and Ether pairs, providing 100% Fee Rebate Vouchers. Bitcoin surpasses $64,000, signaling market optimism and its enduring appeal.Tron prepares for a major upgrade with the GreatVoyage-v4.7.4 (Bias) release in Q1 2024. The update focuses on simplifying protocol development, enhancing network stability, and optimizing performance. Key features include gRPCurl tool support, Java-tron code dependency management, and improved vote reward withdrawal speed, reinforcing Tron’s commitment to innovation and efficiency.Bitcoin surpasses $64,000 as traders await U.S. Bureau of Economic Analysis’ PCE inflation data. Recent CPI surge eliminates Fed rate cut possibilities. Wall Street giants are divided on PCE, but anticipate cooling inflation. Fed Chair Powell expects rate cuts from September, with a 65% chance in June. Strong PCE could boost USD and impact Bitcoin.Spot Bitcoin ETFs saw a record $673 million inflow on Wednesday, driven by demand surpassing supply. BlackRock’s IBIT led with $612 million inflow, totaling over $7.15 billion net inflow. Other ETFs like FBTC and ARKB also experienced substantial inflows. Meanwhile, GBTC witnessed a $216.4 million outflow. BTC surged above $63,000 amidst rising trading volumes and open interests.OpenAI faces SEC scrutiny over alleged investor misrepresentation following CEO Sam Altman’s internal communications. Leadership shakeup triggered overhaul, including co-founder’s departure and Microsoft’s non-voting board seat. Despite WSJ report, OpenAI remains silent. SEC inquiry involves internal document requests, subpoena issued in December post-Altman’s dismissal. Legal battles and governance concerns add to company’s challenges.Bitcoin’s surge past $64,000 sparks interest in cryptocurrency markets, affecting funding rates in contracts. Glassnode data shows rates correlate with Bitcoin’s price, reaching highs on Binance and OKX. Understanding funding rates is crucial for traders as they indicate market sentiment and influence trading strategies.Spot Bitcoin ETFs set new daily ATH inflows, led by BlackRock’s IBIT with $612 million. Grayscale sees $216 million outflows, while Fidelity’s FBTC records $245 million inflow. Analysts anticipate increased volatility due to thin supply and record trading volumes, driven by organic demand. Decreasing BTC supply on exchanges signals potential supply shock.
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👉👉👉 #Bitcoin is a tool against governmental overreach and financial enslavement, says Robert F. Kennedy Jr.
During a fireside chat at ETHDenver 2024 with Caitlin Long, CEO of Custodian Bank, US presidential candidate Robert F. Kennedy Jr. emphasized the critical role of crypto, particularly Bitcoin, in safeguarding against governmental overreach and financial subjugation.
Kennedy's advocacy for crypto was sparked by the Canadian government's targeted financial measures against truckers during the "Freedom Convoy" protests against COVID-19 restrictions. He views transactional freedom as synonymous with freedom of expression, contending that without financial autonomy, civil liberties are jeopardized.
Pointing to crypto, especially Bitcoin, as a hedge against inflation, Kennedy's stance stems from his broader critique of the Federal Reserve and the current banking system. He argues that these systems disproportionately favor a wealthy elite, undermining the general population's financial well-being.
While acknowledging initial regulatory hurdles in crypto investment, Kennedy lauds the debut of spot Bitcoin ETFs in the US for opening the market to a wider audience, facilitating currency value discovery, and fostering overall market growth. He pledges to make the US a leading center for cryptocurrency, #blockchain , and #stablecoin innovation if elected president.
As part of his agenda, Kennedy aims to revise the tax treatment of Bitcoin, proposing to remove its classification as a security. However, he expressed reservations about potential benefits for large institutions from the elimination of capital gains taxes on all Bitcoin transactions. Instead, he advocates for tax exemptions on small crypto purchases to encourage everyday usage without taxation burdens.
Kennedy plans to make US banks more crypto-friendly and stop crackdowns on banks dealing with crypto. He announced accepting Bitcoin donations and disclosed a personal investment of over $250,000 in Bitcoin during the Bitcoin 2023 conference in Miami.
#CryptoNews🔒📰🚫 #BinanceSquareBTC
During a fireside chat at ETHDenver 2024 with Caitlin Long, CEO of Custodian Bank, US presidential candidate Robert F. Kennedy Jr. emphasized the critical role of crypto, particularly Bitcoin, in safeguarding against governmental overreach and financial subjugation.
Kennedy's advocacy for crypto was sparked by the Canadian government's targeted financial measures against truckers during the "Freedom Convoy" protests against COVID-19 restrictions. He views transactional freedom as synonymous with freedom of expression, contending that without financial autonomy, civil liberties are jeopardized.
Pointing to crypto, especially Bitcoin, as a hedge against inflation, Kennedy's stance stems from his broader critique of the Federal Reserve and the current banking system. He argues that these systems disproportionately favor a wealthy elite, undermining the general population's financial well-being.
While acknowledging initial regulatory hurdles in crypto investment, Kennedy lauds the debut of spot Bitcoin ETFs in the US for opening the market to a wider audience, facilitating currency value discovery, and fostering overall market growth. He pledges to make the US a leading center for cryptocurrency, #blockchain , and #stablecoin innovation if elected president.
As part of his agenda, Kennedy aims to revise the tax treatment of Bitcoin, proposing to remove its classification as a security. However, he expressed reservations about potential benefits for large institutions from the elimination of capital gains taxes on all Bitcoin transactions. Instead, he advocates for tax exemptions on small crypto purchases to encourage everyday usage without taxation burdens.
Kennedy plans to make US banks more crypto-friendly and stop crackdowns on banks dealing with crypto. He announced accepting Bitcoin donations and disclosed a personal investment of over $250,000 in Bitcoin during the Bitcoin 2023 conference in Miami.
#CryptoNews🔒📰🚫 #BinanceSquareBTC