#BinanceLaunchpool Coinbase has announced giveaway to commemorate Bitcoin's historic halving event
In a move that has the cryptocurrency community buzzing with excitement, Coinbase, one of the leading cryptocurrency #exchanges , has announced a giveaway to commemorate Bitcoin's historic halving event. 
As part of this celebration, Coinbase will host a weekly Bitcoin giveaway, offering participants the chance to win #BTC in recognition of this pivotal moment in Bitcoin's history.
The #bitcoinhalving , a programmed event that occurs approximately every four years, is a fundamental feature of Bitcoin's monetary policy, designed to limit the supply of new $BTC entering circulation. 
During the halving, the rate at which new Bitcoins are created is cut in half, reducing the rate of supply growth and exerting upward pressure on Bitcoin's price over time.
The most recent Bitcoin halving occurred in the past week, marking the fourth such event in Bitcoin's history. To commemorate this milestone and celebrate the progress of the Bitcoin network, Coinbase has announced a series of weekly giveaways, offering participants the opportunity to win Bitcoin prizes.
"To celebrate the fourth halving, we’re giving away 1 #bitcoin each week between now and May 20. The first drawing is on May 9," Coinbase said in a tweet. 
To celebrate the fourth halving, we’re giving away 1 Bitcoin each week between now and May 20th.
First drawing is on May 9th.
Here’s how to enter ↓https://t.co/LciaL20Ssz pic.twitter.com/6OspOEfKcV
— Coinbase 🛡️ (@coinbase) April 23, 2024
The promotion, which begins on April 19, 2024, at noon Pacific Time, and ends on May 20, 2024, at 11:59 p.m., will see one potential winner randomly drawn from all eligible entries received each weekly period. This culminates in a total of four potential winners throughout the promotional period.
There are three possible methods of entry that are submitting an email address using the form on the Coinbase official page to earn an entry for a chance to win 1 BTC. Second, sign and verify a Coinbase account by May 20 to earn an additional entry. Third, add a payment method and complete the first trade of any amount of crypto by May 20 to earn an entry. A maximum of 10 entries is allowed during the promotion period.
Coinbase says winners will be randomly selected each week and awarded a sum of Bitcoin directly to their Coinbase wallets.

With this short summary, we introduce you to the mysteries of the crypto world.

Cryptocurrencies are getting more and more attention these days and more and more people are starting to wonder what they are really about.

If you didn't know much about them until now, the name of Bitcoin may be familiar, as it is the first, most valuable and well-known cryptocurrency of all. But not the only one.

Cryptocurrencies

Cryptocurrency is a decentralized digital payment instrument that was specially invented for online use. The biggest advantage of crypto technology is that you can send money online, anywhere in the world, at any time and almost immediately, without using any intermediary (bank or payment procedure), all at a fairly low price.

Cryptocurrency ecosystems are user-centered systems that are free and open source. Practically anyone who knows how to do it can connect to the system.

Blockchains

All transactions are verified and authenticated by blockchain technology. This is very similar to the bank balance sheet or ledger used by banks.

Each currency has its own blockchain, in which each transaction can be tracked. However, unlike banks, these transactions can be viewed by anyone who is a member of the given digital currency community.

Mining

Cryptocurrency mining is a mechanism that updates and secures the network by constantly checking the public blockchain ledger and adding new transactions. The name itself is named after gold mining, as the conditions are very similar.

Technically, anyone can become a "miner" with a computer with adequate computing power and an Internet connection. This mechanism is called "proof-of-work".

During "proof-of-work" mining, users have to solve complex mathematical and computing tasks, which ensure the authenticity and security of transactions on the blockchain.

The more power someone provides, the greater the chance of successfully "mining" a block.

Cryptocurrency exchanges

The easiest way to acquire cryptocurrencies is to buy them through an online exchange.

There are three main types of cryptocurrency exchanges: centralized, decentralized, and hybrid .

A centralized cryptocurrency exchange is a platform where cryptocurrency can be bought and sold, all with the help of a third party that performs these transactions. On a centralized exchange, you can use traditional, also known as fiat currency, such as dollars, to execute trades, as well as trade the cryptocurrency itself.

Decentralized exchanges, or DEXs for short , are more in line with the spirit of crypto. This is because these exchanges allow crypto investors to trade directly with each other without an intermediary. In theory, DEXs can be more secure as there is no central platform to hack. Because the platform can be used without the use of a third party, lower fees and faster transaction speeds can be found on DEXs.

Hybrid exchanges are less common than centralized or decentralized exchanges. They aim to combine the features of both, such as the liquidity of a centralized exchange and the security and anonymity of DEXs.

Why is the crypto world becoming more and more popular?

It can be explained in one word:  growth. Investors are interested in cryptocurrencies because they hold a huge potential for value growth and also bring with them the potential transformation of the financial system.

When Bitcoin first launched in January 2009, few thought that a single BTC would be worth more than $65,000, or that a digital currency would inspire the creation of thousands more. But that's what happened. In just 14 years, cryptocurrencies have grown from a financial fad to an entirely new market sector worth trillions of dollars.

Although cryptocurrencies are still largely unregulated and limited in their use as actual means of payment, there is a growing sense that they have opened a new door to many possibilities and technologies.

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#cryptocurrency #blockchain #cryptomining #exchanges

The dot-com #bubble was the 1995-2000 financial bubble in stocks of companies focused on making money on the Internet. Mostly took place in U.S. stocks, the collapse of the bubble began with a sharp drop in the #NASDAQ index on March 10, 2000.

The development of the Internet led to the emergence of a huge number of companies that promised to make money from it. But most of them simply added .com to their name, launched an advertising campaign, listed their stock on the stock #exchanges and enjoyed their growth. Only a few, such as Amazon, did real economic activity, but that didn't keep them from dropping 90%.

The history of the dot-com bubble can be repeated in cryptocurrencies, where new tokens are created every day and the vast majority of these projects are only needed to make money quickly for their creators. It is expected that at some point there will be a similar collapse in the crypto #market , after which only a small part of cryptocurrencies that have real application and develop blockchain technologies will remain 😱

Another reincarnation of the dotcoms is possible on the hype around artificial intelligence and the beginning of its mass application through ChatGPT. More and more companies have started to include AI in their list of activities because it raises their value in the eyes of #investors .

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In recent years, the world has witnessed the rise of cryptocurrencies as a powerful force in the financial landscape. Alongside this digital revolution, however, has emerged an ever-increasing need for robust cybersecurity measures. The marriage of crypto and cybersecurity has become indispensable, as the decentralized nature of cryptocurrencies and the value they hold make them enticing targets for cybercriminals. This article delves into the fascinating interplay between crypto and cybersecurity, exploring the challenges, the evolving landscape, and the measures being taken to ensure the fortification of digital assets.

Crypto Vulnerabilities and Threats:

Cryptocurrencies present unique vulnerabilities that demand heightened cybersecurity. These vulnerabilities include attacks on digital wallets, cryptocurrency exchanges, and blockchain networks. From phishing scams and malware to social engineering and ransomware, cybercriminals employ various tactics to exploit weaknesses in the crypto ecosystem. Understanding these threats is crucial in implementing effective countermeasures.

Blockchain Security:

#Blockchain , the technology that underpins #Cryptocurrencies plays a pivotal role in their security. Its decentralized and transparent nature ensures data integrity, immutability, and resistance to tampering. However, blockchain is not impervious to attacks. While the technology is robust, vulnerabilities can arise from coding errors, smart contract exploits, or 51% attacks. Ongoing research and collaboration among blockchain developers and cybersecurity experts are vital to identifying and mitigating these risks.

Secure Wallets and Exchanges:

Crypto wallets and exchanges are prime targets for cybercriminals due to their potential access to significant amounts of digital assets. Ensuring the security of #wallets and #exchanges is paramount. Implementing multi-factor authentication, hardware wallets, cold storage, and regularly updating software are essential practices to safeguard users' funds. Additionally, exchanges must adopt rigorous security protocols, including advanced encryption, intrusion detection systems, and regular security audits.

Privacy and Anonymity:

Cryptocurrencies offer the promise of pseudonymity and privacy, but achieving these ideals while ensuring security is a delicate balance. Privacy-focused cryptocurrencies employ techniques such as zero-knowledge proofs and ring signatures to obfuscate transaction details. However, the challenge lies in preventing malicious actors from exploiting these privacy features for illicit activities. Governments and regulatory bodies are grappling with finding the right balance between privacy and combating financial crimes, necessitating robust cybersecurity frameworks.

Regulatory Landscape:

As the popularity of cryptocurrencies grows, governments worldwide are grappling with regulatory frameworks to protect investors and maintain financial stability. Striking the right balance between regulations and preserving the innovative potential of cryptocurrencies is a complex task. Regulatory measures that address anti-money laundering (AML) and know-your-customer (KYC) requirements can help deter illicit activities and enhance #cybersecurity Collaboration between regulators, cybersecurity experts, and industry participants is key to creating effective and adaptable regulations.

Emerging Technologies:

Advancements in technologies such as artificial intelligence (AI), machine learning, and quantum computing pose new challenges and opportunities for crypto and cybersecurity. AI and machine learning algorithms can bolster threat detection and response, while quantum computing can potentially undermine the cryptographic foundations of cryptocurrencies. Staying ahead of these developments requires ongoing research, innovation, and proactive cybersecurity strategies.

Education and Awareness:

Education and awareness play a pivotal role in ensuring a secure crypto ecosystem. Users must be educated about best practices for securing their digital assets, identifying scams, and avoiding phishing attempts. Similarly, developers and businesses in the crypto space should prioritize cybersecurity training and adhere to industry standards and best practices. Collaborative efforts between educational institutions, industry players, and cybersecurity experts can foster a knowledgeable and security-conscious crypto community.

#BTC As the SEC's deadline for approving a spot ether ETF nears, analysts express varying opinions on the likelihood of a positive outcomeContentsRegulatory hurdles Diverging views on approval oddsThe deadline for the U.S. Securities and Exchange Commission (SEC) to approve a spot ether ($ETH ) exchange-traded fund (ETF) is just months away, and #Analysts are divided on the odds of the regulator greenlighting such a product.  Legal experts Jake Chervinsky and Scott Johnsson have cast doubt on the likelihood of a positive outcome."Many people seem to assume that because the SEC gave up fighting against the spot #BTCETF , they’ll do the same on ETH. I’m not sure," Chervinsky said on the X social media platform.  Regulatory hurdles Scott Johnsson cautioned investors to prepare for the possibility of the ETF's disapproval. According to Johnsson, the SEC might require consistent correlation across the entire 2.5-year sample period to satisfy the requirements of section 6(b)(5) of the Securities Exchange Act. This stance, while potentially frustrating for proponents of the ETF, is not seen as unreasonable or capricious by Johnsson. He also argues that approval is more likely in the following year, making an appeal less attractive and portraying the SEC in a constructive light. "And more importantly, why would someone appeal such a tough argument when they know with high certainty it will be approved before their appeal is decided," he wrote. This perspective was further discussed on X, with users debating the arbitrariness of the 2.5-year period and the prospects of an eventual approval.Earlier this week, the SEC postponed its decision on the approval of a spot Bitcoin ETF until March. Diverging views on approval oddsContrasting opinions have emerged regarding the approval odds for the spot ether ETF. A recent report by JPMorgan gave the ETF no more than a 50% chance of approval by May, citing ongoing lawsuits against crypto #exchanges offering staking services for proof-of-stake blockchains, including Ethereum. This legal uncertainty adds complexity to the SEC’s decision-making process. On the other hand, Bloomberg Intelligence Senior ETF analyst Eric Balchunas initially estimated a 70% chance of approval this year, with his colleague James Seyffart offering a slightly more cautious outlook of 60-65%. Seyffart acknowledges the existence of strong arguments both for and against the ETF's approval, indicating a less confident stance compared to previous Bitcoin #ETFApproval s.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

#SATS The Solana-based meme coin Bonk (#BONK❓ ) has eclipsed Shiba Inu ($SHIB ) in 24-hour trading volumeContentsA closer look at the numbersThe rise and fall of BonkThe Solana-based meme coin, Bonk ($BONK ), has overtaken Ethereum's Shiba Inu (SHIB) in 24-hour trading volume. BONK might be gearing up for a comeback after plunging from its December peak. A closer look at the numbersAs of the latest data, Bonk (BONK) is currently ranked 95th by market capitalization and has experienced a substantial increase in its 24-hour trading volume, reaching over $104 million. Despite this, it's important to note that Bonk is still down by more than 60% from its all-time high of $0.00003416 reached about a month ago. Meanwhile, Dogecoin ($DOGE ) holds the 11th spot with a slight price increase and a stable market cap of over $11 billion. Shiba Inu (SHIB), now overshadowed by Bonk in daily trading volume, sits at the 19th rank, with a market cap of approximately $5 billion. On the downside, Dogwifhat (WIF) and Pepe (PEPE) have seen their values decrease by 4.5% and 2.7% respectively over the past week, with Dogwifhat experiencing a significant drop in market capitalization and trading volume.The rise and fall of BonkAfter an enormous rally, Bonk faced a steep price drop, shedding much of its gains since its peak in December. The token's initial surge was attributed to a frenzy in the #Solanaecosystem , which saw the price of Bonk tokens increase by over 1,000%. This impressive run led to listings on major #exchanges such as Binance and Coinbase. However, the euphoria was short-lived, as the price plunged by over 70% from its December high.Despite the recent downturns, the Solana #networks continues to generate buzz with new entrants in the meme coin space. Dogwifhat (WIF), another Solana-based meme coin, has not only rebounded but also surpassed its Ethereum-based rival FLOKI in market capitalization. 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

Proof of reserve (PoR) is a process by which a cryptocurrency exchange or custodian proves that they have the assets they claim to have. This is done by providing an independent auditor with access to their cold storage wallets, and then having the auditor generate a report that verifies the amount of assets held in those wallets.

#PoR is important because it helps to build trust between exchanges and their users. By proving that they have the assets they claim to have, #exchanges can help to allay fears of fraud or theft. This can be especially important for exchanges that hold large amounts of user funds.

How Does Proof of Reserve Work?

The process of proof of reserve typically involves the following steps:

The exchange or custodian selects an independent auditor.

The auditor is given access to the exchange's cold storage wallets.

The auditor generates a report that verifies the amount of assets held in the wallets.

The report is published on the exchange's website or in a public forum.

The auditor can use a variety of methods to verify the amount of assets held in the wallets. One common method is to use a hash function to generate a unique identifier for each asset. The auditor can then compare the hash values of the assets in the wallets to the hash values of the assets on the blockchain. If the hash values match, then the auditor can be confident that the assets are present in the wallets.

Why is Proof of Reserve Important?

Proof of reserve is important for a number of reasons. First, it helps to build trust between exchanges and their users. By proving that they have the assets they claim to have, exchanges can help to allay fears of fraud or theft. This can be especially important for exchanges that hold large amounts of user funds.

Second, proof of reserve can help to protect users from hacks and theft. If an exchange is hacked, and the hackers are able to steal the exchange's assets, then the auditor's report will show that the assets are missing. This will help to protect users from financial loss.

Third, proof of reserve can help to promote transparency in the cryptocurrency industry. By making it clear how much cryptocurrency exchanges hold, proof of reserve can help to increase transparency and accountability in the industry.

Is Proof of Reserve Enough?

While proof of reserve is an important step towards building trust in the #cryptocurrency industry, it is not enough on its own. There are a number of other factors that can contribute to trust, such as security practices, customer support, and regulatory compliance.

However, proof of reserve is a valuable tool that can help to build trust and transparency in the cryptocurrency industry. By providing independent verification of the assets held by exchanges, proof of reserve can help to protect users from fraud and theft, and promote transparency in the industry.

Conclusion

Proof of reserve is an important process that can help to build trust between cryptocurrency exchanges and their users. By proving that they have the assets they claim to have, exchanges can help to allay fears of fraud or theft. This can be especially important for exchanges that hold large amounts of user funds.

While proof of reserve is not enough on its own to build trust, it is a valuable tool that can help to protect users and promote transparency in the cryptocurrency industry.