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What is bitcoin and how they work?
***Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the US dollar or euro), cryptocurrencies operate independently of any central authority. Here’s how they work:
1. **Decentralization**: Cryptocurrencies typically use a technology called blockchain, which is a decentralized technology spread across many computers that manage and record transactions. This decentralization ensures no single entity has control over the currency.
2. **Cryptography**: Transactions in cryptocurrencies are secured through cryptographic techniques, making it extremely difficult to counterfeit or double-spend coins.
3. **Transactions**: When someone sends cryptocurrency to another person, the transaction is broadcast to the network of computers (nodes) running the cryptocurrency's software. These nodes validate the transaction and add it to a public ledger (blockchain).
4. **Mining**: Some cryptocurrencies (like Bitcoin) use a process called mining to validate transactions. Miners use powerful computers to solve complex mathematical puzzles that verify transactions. In return for their efforts, miners are rewarded with newly created coins.
5. **Wallets**: Cryptocurrencies are stored in digital wallets, which can be software-based (online or offline) or hardware-based (physical devices). Each wallet has a unique address on the blockchain, similar to a bank account number.
6. **Value and Exchange**: Like traditional currencies, cryptocurrencies can be used to buy goods and services where accepted. Their value is determined by market demand and supply dynamics, as well as speculation.
Overall, cryptocurrencies offer a decentralized and potentially more secure way to transfer and store value, though they come with risks such as price volatility and regulatory uncertainty.
#BNB #WIF #dogcoin #Altcoin
What is bitcoin and how they work?
***Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the US dollar or euro), cryptocurrencies operate independently of any central authority. Here’s how they work:
1. **Decentralization**: Cryptocurrencies typically use a technology called blockchain, which is a decentralized technology spread across many computers that manage and record transactions. This decentralization ensures no single entity has control over the currency.
2. **Cryptography**: Transactions in cryptocurrencies are secured through cryptographic techniques, making it extremely difficult to counterfeit or double-spend coins.
3. **Transactions**: When someone sends cryptocurrency to another person, the transaction is broadcast to the network of computers (nodes) running the cryptocurrency's software. These nodes validate the transaction and add it to a public ledger (blockchain).
4. **Mining**: Some cryptocurrencies (like Bitcoin) use a process called mining to validate transactions. Miners use powerful computers to solve complex mathematical puzzles that verify transactions. In return for their efforts, miners are rewarded with newly created coins.
5. **Wallets**: Cryptocurrencies are stored in digital wallets, which can be software-based (online or offline) or hardware-based (physical devices). Each wallet has a unique address on the blockchain, similar to a bank account number.
6. **Value and Exchange**: Like traditional currencies, cryptocurrencies can be used to buy goods and services where accepted. Their value is determined by market demand and supply dynamics, as well as speculation.
Overall, cryptocurrencies offer a decentralized and potentially more secure way to transfer and store value, though they come with risks such as price volatility and regulatory uncertainty.
#BNB #WIF #dogcoin #Altcoin
Breaking News 🚨🚨🚨🚨
Here are some of the Bitcoin news stories for July 8, 2024
- Bitcoin prices dropped to $55,122.17, losing 4.99% of its value in the past 24 hours.
- The global crypto market cap saw a 5.19% plunge to $2.01 trillion.
- The total crypto market volume increased 17.71% from yesterday to $64.19 billion.
- Japan’s Metaplanet has bagged additional amounts of BTC, which could be a good sign for future price movements.
- The ETH price fell 5.62% to $2,880.37, while Solana saw a considerable 7.97% dip in value to $130.79.
- The XRP price plunged 6.50% to $0.415 over the past day.
- Dogecoin’s price fell 8.75% to trade at $0.1021, while Shiba Inu’s price dropped 8.70% to $0.00001547.
- Peter Schiff claims that Bitcoin whales are setting up ETF investors as “bag holders.”
- Brett (BRETT) price slumped 15.36% to $0.1073, while Pepe coin (PEPE) price dipped 14% to $0.000008213.
- Bitcoin is under pressure again on concerns about possible sales of the token by creditors of the failed Mt Gox exchange.
- The original cryptocurrency slid about 5 per cent to trade at US$54,400 as at 9.25am on July 8 in Singapore.#bitcoin #eth #solana #xrp #dogcoin
Here are some of the Bitcoin news stories for July 8, 2024
- Bitcoin prices dropped to $55,122.17, losing 4.99% of its value in the past 24 hours.
- The global crypto market cap saw a 5.19% plunge to $2.01 trillion.
- The total crypto market volume increased 17.71% from yesterday to $64.19 billion.
- Japan’s Metaplanet has bagged additional amounts of BTC, which could be a good sign for future price movements.
- The ETH price fell 5.62% to $2,880.37, while Solana saw a considerable 7.97% dip in value to $130.79.
- The XRP price plunged 6.50% to $0.415 over the past day.
- Dogecoin’s price fell 8.75% to trade at $0.1021, while Shiba Inu’s price dropped 8.70% to $0.00001547.
- Peter Schiff claims that Bitcoin whales are setting up ETF investors as “bag holders.”
- Brett (BRETT) price slumped 15.36% to $0.1073, while Pepe coin (PEPE) price dipped 14% to $0.000008213.
- Bitcoin is under pressure again on concerns about possible sales of the token by creditors of the failed Mt Gox exchange.
- The original cryptocurrency slid about 5 per cent to trade at US$54,400 as at 9.25am on July 8 in Singapore.#bitcoin #eth #solana #xrp #dogcoin
Today on 14 August Inshallah #dogcoin will be launched in the next 6AM . I hope all members will be ready for withdraw. Thanks
#BinanceLaunchpoolTON #CryptoMarketMoves #dogcoin
#BinanceLaunchpoolTON #CryptoMarketMoves #dogcoin
Ethereum Leads Meme Token Market
Ethereum remains a dominant force in the meme token sector, despite rising interest in Solana. The blockchain giant’s robust network and expansive ecosystem continue to overshadow competitors. Shiba Inu Coin (SHIB) has notably surged within decentralized finance, marking a 12% value increase, signaling sustained growth and solidifying its position as the second-leading meme token.
What Is Driving SHIB’s Growth?
Shiba Inu Coin (SHIB) is experiencing a significant upswing, boasting a 12% value hike. Trading at $0.00002447, SHIB exhibited a 7% increase last week, promising further growth. This upward momentum underscores SHIB’s critical role in decentralized finance and its robust performance in the meme token market.
Pepe Coin (PEPE), another Ethereum-based cryptocurrency, has also garnered considerable attention. With a market value of $4.04 billion, PEPE ranks 24th in the market. The coin’s price skyrocketed by 482% last year, reaching $0.000009691, making it the top meme token on CoinMarketCap.
How Is Floki Faring?
Floki, available on Binance Smart Chain and Ethereum as BEP-20 and ERC-20 tokens respectively, has experienced notable developments. Following the approval of a major token burn proposal by FLOKI DAO, the token saw a significant uptick. Despite an 11% drop in the last 24 hours, Floki recorded a 15% rise last week, with further gains anticipated in the 2024 bull run.
Investor Insights
$SHIB continues to show promising growth potential, making it a valuable asset in decentralized finance.$PEPE ’s dramatic price increase highlights its potential for significant returns in the short term.$FLOKI ’s developments suggest potential future gains, particularly with the upcoming 2024 bull
These insights indicate that meme tokens, particularly those based on Ethereum, are poised for continued growth and could offer substantial returns for investors in the near future.
#PEPEATH #FLOKI✅ #dogcoin #Memecoins #ETHETFS
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What Is Driving SHIB’s Growth?
Shiba Inu Coin (SHIB) is experiencing a significant upswing, boasting a 12% value hike. Trading at $0.00002447, SHIB exhibited a 7% increase last week, promising further growth. This upward momentum underscores SHIB’s critical role in decentralized finance and its robust performance in the meme token market.
Pepe Coin (PEPE), another Ethereum-based cryptocurrency, has also garnered considerable attention. With a market value of $4.04 billion, PEPE ranks 24th in the market. The coin’s price skyrocketed by 482% last year, reaching $0.000009691, making it the top meme token on CoinMarketCap.
How Is Floki Faring?
Floki, available on Binance Smart Chain and Ethereum as BEP-20 and ERC-20 tokens respectively, has experienced notable developments. Following the approval of a major token burn proposal by FLOKI DAO, the token saw a significant uptick. Despite an 11% drop in the last 24 hours, Floki recorded a 15% rise last week, with further gains anticipated in the 2024 bull run.
Investor Insights
$SHIB continues to show promising growth potential, making it a valuable asset in decentralized finance.$PEPE ’s dramatic price increase highlights its potential for significant returns in the short term.$FLOKI ’s developments suggest potential future gains, particularly with the upcoming 2024 bull
These insights indicate that meme tokens, particularly those based on Ethereum, are poised for continued growth and could offer substantial returns for investors in the near future.
#PEPEATH #FLOKI✅ #dogcoin #Memecoins #ETHETFS
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What uh thought about 🐶 Dog's coin listing price ll be ??
#dogcoin
#dogcoin
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Dogecoin Rises 4.45% Amidst Anonymous 120 Million DOGE Transfer To Robinhood
transfer of 120 million Dogecoin to the trading platform Robinhood has coincided with a 4.45% surge in the price of the meme cryptocurrency.
What Happened: Whale Alert's blockchain data shows a significant amount of Dogecoin was moved to Robinhood, triggering a near 5% price increase for DOGE.
The transfer, which occurred over 10 hours ago, involved 120 million DOGE, worth roughly $18.5 million at the time.
The wallet involved in the transfer has been active, with outflows of 48.3 million, 150 million, 118.3 million, and 190 million DOGE in the past day, including the 120 million transfer.
This amounts to a total of 506.4 million Dogecoin, valued at about $71.1 million.
Interestingly, this wallet also received two large DOGE transfers on May 16 and 17, totaling 306.4 million coins valued at $47.5 million. Following a week-long pause, the last transaction was on May 9.
The unidentified cryptocurrency whale currently holds 1.6 billion $DOGE , equivalent to $248.6 million.
Following the mysterious transfer, Dogecoin's price saw a significant increase, rising by 4.45% to $0.15676. A slight rebound followed, with DOGE now trading at approximately $0.1525.
Why It Matters: This isn't the first time large DOGE transfers have impacted the coin's price.
In March, a massive influx of 118.4 million DOGE to Robinhood sparked speculation and a price increase.
Similarly, in April, a transfer of 200 million DOGE from Robinhood to an unknown wallet fueled a surge in Dogecoin's value.
These events highlight the influence of large transfers on the meme coin's market dynamics.
#dogcoin #altcoins #ETHETFS #MemeWatch2024 #notcoin
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What Happened: Whale Alert's blockchain data shows a significant amount of Dogecoin was moved to Robinhood, triggering a near 5% price increase for DOGE.
The transfer, which occurred over 10 hours ago, involved 120 million DOGE, worth roughly $18.5 million at the time.
The wallet involved in the transfer has been active, with outflows of 48.3 million, 150 million, 118.3 million, and 190 million DOGE in the past day, including the 120 million transfer.
This amounts to a total of 506.4 million Dogecoin, valued at about $71.1 million.
Interestingly, this wallet also received two large DOGE transfers on May 16 and 17, totaling 306.4 million coins valued at $47.5 million. Following a week-long pause, the last transaction was on May 9.
The unidentified cryptocurrency whale currently holds 1.6 billion $DOGE , equivalent to $248.6 million.
Following the mysterious transfer, Dogecoin's price saw a significant increase, rising by 4.45% to $0.15676. A slight rebound followed, with DOGE now trading at approximately $0.1525.
Why It Matters: This isn't the first time large DOGE transfers have impacted the coin's price.
In March, a massive influx of 118.4 million DOGE to Robinhood sparked speculation and a price increase.
Similarly, in April, a transfer of 200 million DOGE from Robinhood to an unknown wallet fueled a surge in Dogecoin's value.
These events highlight the influence of large transfers on the meme coin's market dynamics.
#dogcoin #altcoins #ETHETFS #MemeWatch2024 #notcoin
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In this week's crypto analysis, Ethereum continues to demonstrate strong support levels, benefiting from its widespread adoption and utility within the decentralized finance (DeFi) ecosystem. Ripple maintains stability amidst ongoing regulatory scrutiny, with support bolstered by its partnerships with financial institutions. Cardano shows resilience, backed by its innovative approach to blockchain scalability and governance. Shiba Inu experiences fluctuations but remains buoyed by its active community and speculative interest. Dogecoin's support remains steady, fueled by its meme-driven popularity and occasional market surges. Overall, each cryptocurrency maintains varying degrees of support, influenced by factors such as technological advancements, community engagement, and market sentiment.$ETH #Ripple #dogcoin #Write2Earrn #HotTrands
في وسط الرسومات البيانيه والمخططات والتحليل الفني هناك امر يغفل عنه الجميع وهو الانماط الزمنيه ولا اعران كان لها مخطط ام لا بمثال بسيط اذا تتبعنا اي عمله لمده خمسه سنوات مثلا سنجد أن لها نمط زمني ثابت من الصعود والهبوط وذلك علي مدار الايام والاسابيع والشهور وحتي السنوات خذ ال #dogcoin كمثال يرتفع مرتين في الشهر في الاسبوع الاول حتي 7 والاسبوع الرابع حتي 28 ومرتين في العام يحقق قفزات كبيره في شهر مارس ونوفمبر
Coinbase Whale Begins Accumulating Dogecoin (DOGE) Rival From Crypto Exchange: On-Chain Data
A deep-pocketed investor is suddenly accumulating massive amounts of a $DOGE coin (DOGE) rival from top US crypto exchange Coinbase, on-chain data shows.
Digital asset tracker Lookonchain notices a crypto whale spent 606,00 USDC to buy nearly 228,000 dogwifhat (WIF) memecoins.
“A whale is buying WIF! The whale created a new wallet and withdrew 1.83 million USDC from Coinbase to buy WIF. So far, he has spent 606,000 USDC to buy 227,896 WIF at $2.66, with 1.22 million USDC left. The purchase is in progress [on May 20th].”
WIF is trading for $2.83 at time of writing, up 10.7% in the last 24 hours.
Next up, Lookonchain noticed another crypto whale made huge profits trading GME (GME), a memecoin launched on Solana (SOL) in January and inspired by the GameStop (GME) short-squeeze frenzy of 2021.
“Since the price of GME dropped, a trader spent 3,059 SOL ($526,000) to buy 78.57 million GME at $0.0067. This trader spent 1,409 SOL ($165,000) to buy 68 million GME at $0.0024 on February 15th and February 16th.
After holding it for three months, GME ushered in a rise. He sold 35 million GME for 3,447 SOL ($503,000) at $0.0144 on May 13th and May 14th. He currently holds 111.57 million GME ($781,000), with a total profit of ~$593,000.”
GME is trading for $0.00575 at time of writing, down nearly 18% in the last 24 hours.
#dogcoin #altcoins #BTC #BinanceLaunchpool #ETHETFS
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Digital asset tracker Lookonchain notices a crypto whale spent 606,00 USDC to buy nearly 228,000 dogwifhat (WIF) memecoins.
“A whale is buying WIF! The whale created a new wallet and withdrew 1.83 million USDC from Coinbase to buy WIF. So far, he has spent 606,000 USDC to buy 227,896 WIF at $2.66, with 1.22 million USDC left. The purchase is in progress [on May 20th].”
WIF is trading for $2.83 at time of writing, up 10.7% in the last 24 hours.
Next up, Lookonchain noticed another crypto whale made huge profits trading GME (GME), a memecoin launched on Solana (SOL) in January and inspired by the GameStop (GME) short-squeeze frenzy of 2021.
“Since the price of GME dropped, a trader spent 3,059 SOL ($526,000) to buy 78.57 million GME at $0.0067. This trader spent 1,409 SOL ($165,000) to buy 68 million GME at $0.0024 on February 15th and February 16th.
After holding it for three months, GME ushered in a rise. He sold 35 million GME for 3,447 SOL ($503,000) at $0.0144 on May 13th and May 14th. He currently holds 111.57 million GME ($781,000), with a total profit of ~$593,000.”
GME is trading for $0.00575 at time of writing, down nearly 18% in the last 24 hours.
#dogcoin #altcoins #BTC #BinanceLaunchpool #ETHETFS
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In recent times, Tesla has become more than just an automotive giant; it's delving into the world of cryptocurrency, making waves in both industries. Elon Musk, the visionary behind Tesla, has been at the forefront of this intriguing intersection.
Tesla's acceptance of Bitcoin as a payment method for its electric vehicles marked a groundbreaking move in the automotive sector. This decision not only showcased Musk's interest in cryptocurrency but also sparked conversations about the future of decentralized digital currencies in everyday transactions.
However, this move wasn't without its challenges. The environmental impact of Bitcoin mining raised concerns, prompting Tesla to suspend Bitcoin payments temporarily. Musk's tweets also played a role in influencing cryptocurrency markets, highlighting the delicate balance between corporate innovation and the volatility of the crypto space.
Beyond Bitcoin, Tesla has explored blockchain technology for supply chain management and other internal processes. Musk's fascination with Dogecoin, initially seen as a lighthearted cryptocurrency, has further blurred the lines between traditional finance and the digital frontier.
As Tesla continues to navigate the crypto landscape, the relationship between electric vehicles and decentralized currencies raises questions about the future of finance, sustainability, and technological integration. One thing is certain – Tesla's foray into crypto is a testament to the company's commitment to pushing boundaries and shaping the future of both automotive and financial industries.$BTC $ETH $BNB #TrendingTopic #ElonMusk. #dogcoin #Tesla #TeslaCrypto
Tesla's acceptance of Bitcoin as a payment method for its electric vehicles marked a groundbreaking move in the automotive sector. This decision not only showcased Musk's interest in cryptocurrency but also sparked conversations about the future of decentralized digital currencies in everyday transactions.
However, this move wasn't without its challenges. The environmental impact of Bitcoin mining raised concerns, prompting Tesla to suspend Bitcoin payments temporarily. Musk's tweets also played a role in influencing cryptocurrency markets, highlighting the delicate balance between corporate innovation and the volatility of the crypto space.
Beyond Bitcoin, Tesla has explored blockchain technology for supply chain management and other internal processes. Musk's fascination with Dogecoin, initially seen as a lighthearted cryptocurrency, has further blurred the lines between traditional finance and the digital frontier.
As Tesla continues to navigate the crypto landscape, the relationship between electric vehicles and decentralized currencies raises questions about the future of finance, sustainability, and technological integration. One thing is certain – Tesla's foray into crypto is a testament to the company's commitment to pushing boundaries and shaping the future of both automotive and financial industries.$BTC $ETH $BNB #TrendingTopic #ElonMusk. #dogcoin #Tesla #TeslaCrypto
The future of Dogecoin (often referred to as "Dog Coin") is uncertain and can be influenced by various factors, including market trends, adoption rates, technological developments, and regulatory changes.
1. Adoption and Use Cases: If more businesses start accepting Dogecoin for transactions, it could boost its value and usability.
2. Community and Development: The strength of the Dogecoin community and ongoing development efforts will play a crucial role. Engaged communities can drive awareness and usage.
3. Market Trends: Like all cryptocurrencies, Dogecoin is subject to market volatility. It could rise or fall based on investor sentiment and broader market movements.
4. Regulatory Environment: Changes in regulations around cryptocurrencies can significantly impact Dogecoin’s future.
5. #Technological Innovations: Upgrades or improvements in the Dogecoin protocol could enhance its functionality and appeal.
Overall, while some enthusiasts are optimistic about Dogecoin's potential, it’s essential to approach any investment with caution and conduct thorough research.
#DogecoinCommunity #DogeForever #dogcoin
$DOGS
1. Adoption and Use Cases: If more businesses start accepting Dogecoin for transactions, it could boost its value and usability.
2. Community and Development: The strength of the Dogecoin community and ongoing development efforts will play a crucial role. Engaged communities can drive awareness and usage.
3. Market Trends: Like all cryptocurrencies, Dogecoin is subject to market volatility. It could rise or fall based on investor sentiment and broader market movements.
4. Regulatory Environment: Changes in regulations around cryptocurrencies can significantly impact Dogecoin’s future.
5. #Technological Innovations: Upgrades or improvements in the Dogecoin protocol could enhance its functionality and appeal.
Overall, while some enthusiasts are optimistic about Dogecoin's potential, it’s essential to approach any investment with caution and conduct thorough research.
#DogecoinCommunity #DogeForever #dogcoin
$DOGS
The future of Dogecoin (often referred to as "Dog Coin") is uncertain and can be influenced by various factors, including market trends, adoption rates, technological developments, and regulatory changes.
1. Adoption and Use Cases: If more businesses start accepting Dogecoin for transactions, it could boost its value and usability.
2. Community and Development: The strength of the Dogecoin community and ongoing development efforts will play a crucial role. Engaged communities can drive awareness and usage.
3. Market Trends: Like all cryptocurrencies, Dogecoin is subject to market volatility. It could rise or fall based on investor sentiment and broader market movements.
4. Regulatory Environment: Changes in regulations around cryptocurrencies can significantly impact Dogecoin’s future.
5. #Technological Innovations: Upgrades or improvements in the Dogecoin protocol could enhance its functionality and appeal.
Overall, while some enthusiasts are optimistic about Dogecoin's potential, it’s essential to approach any investment with caution and conduct thorough research.
#DogecoinCommunity #DogeForever #dogcoin
$DOGS
1. Adoption and Use Cases: If more businesses start accepting Dogecoin for transactions, it could boost its value and usability.
2. Community and Development: The strength of the Dogecoin community and ongoing development efforts will play a crucial role. Engaged communities can drive awareness and usage.
3. Market Trends: Like all cryptocurrencies, Dogecoin is subject to market volatility. It could rise or fall based on investor sentiment and broader market movements.
4. Regulatory Environment: Changes in regulations around cryptocurrencies can significantly impact Dogecoin’s future.
5. #Technological Innovations: Upgrades or improvements in the Dogecoin protocol could enhance its functionality and appeal.
Overall, while some enthusiasts are optimistic about Dogecoin's potential, it’s essential to approach any investment with caution and conduct thorough research.
#DogecoinCommunity #DogeForever #dogcoin
$DOGS
#dogcoin #doge⚡ #DogecoinCommunity #BTC☀ #ETHETFsApproved
#Dogecoin Price To Reach $23 This Cycle In an X post, Ali Martinez mentioned that the Dogecoin price could reach $23 in this bull run. The analyst explained in past bull cycles, once DOGE broke the $0.50 Fibonacci retracement, it often rallied to the 1.618 or even 2.272 Fibonacci levels. As such, if history were to repeat itself, Dogecoin could hit somewhere between $4 and $23
#Dogecoin Price To Reach $23 This Cycle In an X post, Ali Martinez mentioned that the Dogecoin price could reach $23 in this bull run. The analyst explained in past bull cycles, once DOGE broke the $0.50 Fibonacci retracement, it often rallied to the 1.618 or even 2.272 Fibonacci levels. As such, if history were to repeat itself, Dogecoin could hit somewhere between $4 and $23