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Bitcoin Fund Holdings Hit All-Time High as Spot ETF Excitement Entices Crypto Investors
Digital asset funds surpassed $1 billion in net inflows this year, with money overwhelmingly flowing into BTC-focused investments, CoinShares reported.
Bitcoin investment funds hold an all-time high of 863,434 BTC according to ByteTree
Digital asset funds overall attracted large inflows over the past weeks as spot bitcoin ETF optimism spread to the broader crypto markets
Bitcoin (BTC) investment fund BTC holdings have risen to the highest ever alongside the token's continuing rally thanks in part to optimism about coming approval for a spot exchange-traded fund (ETF)
According to investment advisory firm ByteTree, token holdings this week rose to 863434 taking out the previous record high touched in April 2022 Over the past month funds have added about 22 100 bitcoins
Little wonder the price has been so strong of late ByteTree founder Charlie Morris said
Broader crypto funds enjoyed an uptick in fresh cash over the past weeks as well with digital asset management firm CoinShares reporting $767 million in net inflows over the past six weeks the most over such a time frame since the 2021 bull market
Further James Butterfill head of research at CoinShares, earlier Friday noted inflows into digital asset funds so far this year have now topped $1 billion.
Bitcoin, of course, is the overwhelming driver of these inflows as investors chase rising prices ahead of what's now expected to be imminent approval of multiple spot BTC ETFs.
Speaking to CoinDesk earlier this week, Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, suggested things have a long way to go before the spot ETF approval is priced in. Even with all the news hitting of late, it's Hougan's contention that the majority of financial advisors continue to believe a spot ETF isn't coming until 2025 or later
BTC hit a 18-month high of $37,960 earlier this week, up 39% in the past month and 125% year-to-date. It's currently trading hands at $ 37,300
#BTC #ETH #CryptoTalks
$BTC $ETH
Digital asset funds surpassed $1 billion in net inflows this year, with money overwhelmingly flowing into BTC-focused investments, CoinShares reported.
Bitcoin investment funds hold an all-time high of 863,434 BTC according to ByteTree
Digital asset funds overall attracted large inflows over the past weeks as spot bitcoin ETF optimism spread to the broader crypto markets
Bitcoin (BTC) investment fund BTC holdings have risen to the highest ever alongside the token's continuing rally thanks in part to optimism about coming approval for a spot exchange-traded fund (ETF)
According to investment advisory firm ByteTree, token holdings this week rose to 863434 taking out the previous record high touched in April 2022 Over the past month funds have added about 22 100 bitcoins
Little wonder the price has been so strong of late ByteTree founder Charlie Morris said
Broader crypto funds enjoyed an uptick in fresh cash over the past weeks as well with digital asset management firm CoinShares reporting $767 million in net inflows over the past six weeks the most over such a time frame since the 2021 bull market
Further James Butterfill head of research at CoinShares, earlier Friday noted inflows into digital asset funds so far this year have now topped $1 billion.
Bitcoin, of course, is the overwhelming driver of these inflows as investors chase rising prices ahead of what's now expected to be imminent approval of multiple spot BTC ETFs.
Speaking to CoinDesk earlier this week, Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, suggested things have a long way to go before the spot ETF approval is priced in. Even with all the news hitting of late, it's Hougan's contention that the majority of financial advisors continue to believe a spot ETF isn't coming until 2025 or later
BTC hit a 18-month high of $37,960 earlier this week, up 39% in the past month and 125% year-to-date. It's currently trading hands at $ 37,300
#BTC #ETH #CryptoTalks
$BTC $ETH
Becoming an influencer in cryptocurrency involves building expertise, establishing a presence, and engaging with the community.
1.Choose Your Niche:Cryptocurrency is a broad field. Choose a specific niche or area of interest within the crypto space. It could be trading strategies, blockchain development, decentralized finance (DeFi), or any other specific aspect.
2.Create Quality Content:Start a blog, YouTube channel, podcast, or social media profiles dedicated to your chosen niche. Share valuable insights, analyses, and educational content. Consistency and quality are key.
3.Engage on Social Media: Build a presence on platforms like Twitter, LinkedIn, or specialized crypto forums. Engage with the community by sharing your views, participating in discussions, and networking with others in the space.
4.Collaborate with Others:Partner with other influencers or industry experts. Collaborations can help expand your reach and bring diverse perspectives to your audience.
5. Attend Events and Conferences: Attend cryptocurrency conferences, meetups, and virtual events. Networking with industry professionals can enhance your visibility and provide opportunities for collaboration.
6.Be Authentic: Authenticity is crucial for building trust. Share your experiences, successes, and even failures. People are more likely to follow influencers who are genuine and transparent.
7.Use Multiple Platforms: Diversify your presence across various platforms to reach a broader audience. Experiment with different content formats and adapt to the preferences of your audience.
8.Stay Updated on Trends: Keep up with the latest trends and hot topics in the cryptocurrency space. Being timely and relevant in your content can attract more attention.
Remember that building influence takes time. Focus on delivering value to your audience, building relationships within the community, and adapting to the evolving nature of the cryptocurrency space.
$BTC $ETH $BNB #BTC #CryptoTalks
1.Choose Your Niche:Cryptocurrency is a broad field. Choose a specific niche or area of interest within the crypto space. It could be trading strategies, blockchain development, decentralized finance (DeFi), or any other specific aspect.
2.Create Quality Content:Start a blog, YouTube channel, podcast, or social media profiles dedicated to your chosen niche. Share valuable insights, analyses, and educational content. Consistency and quality are key.
3.Engage on Social Media: Build a presence on platforms like Twitter, LinkedIn, or specialized crypto forums. Engage with the community by sharing your views, participating in discussions, and networking with others in the space.
4.Collaborate with Others:Partner with other influencers or industry experts. Collaborations can help expand your reach and bring diverse perspectives to your audience.
5. Attend Events and Conferences: Attend cryptocurrency conferences, meetups, and virtual events. Networking with industry professionals can enhance your visibility and provide opportunities for collaboration.
6.Be Authentic: Authenticity is crucial for building trust. Share your experiences, successes, and even failures. People are more likely to follow influencers who are genuine and transparent.
7.Use Multiple Platforms: Diversify your presence across various platforms to reach a broader audience. Experiment with different content formats and adapt to the preferences of your audience.
8.Stay Updated on Trends: Keep up with the latest trends and hot topics in the cryptocurrency space. Being timely and relevant in your content can attract more attention.
Remember that building influence takes time. Focus on delivering value to your audience, building relationships within the community, and adapting to the evolving nature of the cryptocurrency space.
$BTC $ETH $BNB #BTC #CryptoTalks
$365 billion inflows crypto market cap in a month, but what’s next?
A short bull run marked the last 30 days in the cryptocurrency market, with Bitcoin (BTC) leading the way for multiple cryptocurrencies. Greed started dominating investors’ sentiments as most digital assets registered massive capital inflows in a month.
Notably, the leading index by TradingView (CRYPTOCAP: TOTAL) surged 35%, adding $365 billion in 30 days. By press time, a $1.024 trillion total crypto market cap quickly became $1.392 trillion from October 12 to November 11.
The bearish short-term case for cryptocurrencies
However, the Relative Strength Index (RSI) is overbought at 88.29 points in the daily chart. This state has lasted since October 22, when RSI crossed 70 points. In the meantime, total capitalization has distanced itself by $155 billion from the 30-day exponential moving average (EMA).
Essentially, these indicators suggest cryptocurrency trading could expect a natural retracement at any moment from this point. In this case, traders must look for important support zones in the market cap index. If these support zones hold, the now-claimed bull market can continue healthy.
The bullish short-term case for the crypto total market cap
Interestingly, there is an appealing psychological resistance at the $1.50 trillion total market cap for the indexed cryptocurrencies. This could act as a magnet for the current movement’s continuation.
Moreover, Crypto Tony, a cryptocurrency analyst on X, is rooting for altcoins to close above the current resistance zone. The crypto market cap, excluding Bitcoin and Ethereum (ETH), registers a $405 billion capitalization by press time.
$BNB $ETH $BTC #CryptoTalks #CryptoNews
#BinanceSquare
A short bull run marked the last 30 days in the cryptocurrency market, with Bitcoin (BTC) leading the way for multiple cryptocurrencies. Greed started dominating investors’ sentiments as most digital assets registered massive capital inflows in a month.
Notably, the leading index by TradingView (CRYPTOCAP: TOTAL) surged 35%, adding $365 billion in 30 days. By press time, a $1.024 trillion total crypto market cap quickly became $1.392 trillion from October 12 to November 11.
The bearish short-term case for cryptocurrencies
However, the Relative Strength Index (RSI) is overbought at 88.29 points in the daily chart. This state has lasted since October 22, when RSI crossed 70 points. In the meantime, total capitalization has distanced itself by $155 billion from the 30-day exponential moving average (EMA).
Essentially, these indicators suggest cryptocurrency trading could expect a natural retracement at any moment from this point. In this case, traders must look for important support zones in the market cap index. If these support zones hold, the now-claimed bull market can continue healthy.
The bullish short-term case for the crypto total market cap
Interestingly, there is an appealing psychological resistance at the $1.50 trillion total market cap for the indexed cryptocurrencies. This could act as a magnet for the current movement’s continuation.
Moreover, Crypto Tony, a cryptocurrency analyst on X, is rooting for altcoins to close above the current resistance zone. The crypto market cap, excluding Bitcoin and Ethereum (ETH), registers a $405 billion capitalization by press time.
$BNB $ETH $BTC #CryptoTalks #CryptoNews
#BinanceSquare
The market now is not to making or loosing money it’s about to stronger your emotions and make a good game to play ,,,in future
#CryptoTalks #crypto2023
#CryptoTalks #crypto2023
TrueUSD customer data exposed in third-party security breach
TrueUSD customer data exposed in third-party security breachTable of ContentsCrypto NewsTrueUSD customer data exposed in third-party security breachBitcoinBTCSecuritySECURITYReadREADGalxeGALTrueUSDTUSDcrypto.newsBy crypto.newsCreated 5m ago, last updated 4m ago•2 mins readTrueUSD customer data exposed in third-party security breachTable of ContentsSteps taken by TrueCoin and TrueUSDTrueUSD client data, including names and blockchain wallet addresses, is exposed following a security breach involving a third-party vendor.A breach involving a third-party vendor has exposed sensitive client data of TrueUSD, a leading issuer of stablecoins. TrueUSD was alerted to the security incident by TrueCoin, the former service provider responsible for the company’s banking, customer, and product management. This incident has not compromised TrueCoin’s internal IT infrastructure.The compromised data includes names, email addresses, and phone numbers of clients who had joined the platform between 2018 and 2019. Additionally, more extensive data such as client addresses, birth dates, the names of their banks, transaction histories and public blockchain wallet addresses were revealed.On Sept. 20, TrueCoin reported receiving an alert from a third-party vendor about an unusual modification within the organizational account. Although there is no evidence that the attacker manipulated, downloaded, or erased any personal data, the incident prompted an immediate investigation.Upon receiving the alert, TrueCoin promptly initiated a thorough investigation, led by its cybersecurity and engineering teams, to gauge the scope of the security breach. The company acted quickly to avert any additional unauthorized access and assured that its internal systems remained secure throughout the incident.TrueUSD is urging its clients to remain vigilant in monitoring their personal accounts for any irregular activities. Clients are also advised to be cautious of phishing attempts and to promptly report any unusual occurrences to the company.#crypto #crypto2023 #CryptoTalks
Zetachain Announces Airdrop for Users
airdrropfree
Recently, ZetaChain announced an airdrop for users. However, users won't be able to claim these tokens until the project launches its mainnet.
Announcement of Zetachain Airdrop
According to the announcement on ZetaChain's blog, a total of 31.5 million ZETA has been distributed to over 800,000 different wallet addresses. The project conducted a snapshot on August 20, 2023. To be eligible for the airdrop, recipients need to have accumulated at least 50,000 ZetaPoints.
To check the airdrop, users can website ZetaHub (zetachain.com).
Upon connecting their wallet on the ZetaChain website, users will see the amount of ZETA credited to their wallet. However, users won't be able to claim these tokens until the project launches its mainnet. The project also cautioned the community to be wary of potential scams related to the airdrop event.
Introduction to Zetachain
Zetachain is a Layer 1 blockchain built on the Cosmos SDK platform and features a structure similar to LayerZero. It is designed to connect various blockchains such as Ethereum, BNB Chain, Polygon, etc. Through the Omnichain mechanism, developers can create decentralized applications (DApps) similar to those on Ethereum or Polygon.
During the testnet phase, ZetaChain introduced the ZetaPoint reward program for users completing specific tasks. ZetaPoint serves as the basis for recording user contributions on the ZetaChain testnet and is also the unit for airdrop tokens when the mainnet is deployed.
For instance, each user transaction will be counted as 250 Points. The Points corresponding to each user's daily transactions amount to 1,000 Points. Additionally, users will receive 5,000 Points when they refer new users through an invitation link. If users identify vulnerabilities in the testnet, they can receive at least 10,000 Points, depending on the severity of the vulnerability.
#cryptocurrency #CryptoTalks #Airdrop
airdrropfree
Recently, ZetaChain announced an airdrop for users. However, users won't be able to claim these tokens until the project launches its mainnet.
Announcement of Zetachain Airdrop
According to the announcement on ZetaChain's blog, a total of 31.5 million ZETA has been distributed to over 800,000 different wallet addresses. The project conducted a snapshot on August 20, 2023. To be eligible for the airdrop, recipients need to have accumulated at least 50,000 ZetaPoints.
To check the airdrop, users can website ZetaHub (zetachain.com).
Upon connecting their wallet on the ZetaChain website, users will see the amount of ZETA credited to their wallet. However, users won't be able to claim these tokens until the project launches its mainnet. The project also cautioned the community to be wary of potential scams related to the airdrop event.
Introduction to Zetachain
Zetachain is a Layer 1 blockchain built on the Cosmos SDK platform and features a structure similar to LayerZero. It is designed to connect various blockchains such as Ethereum, BNB Chain, Polygon, etc. Through the Omnichain mechanism, developers can create decentralized applications (DApps) similar to those on Ethereum or Polygon.
During the testnet phase, ZetaChain introduced the ZetaPoint reward program for users completing specific tasks. ZetaPoint serves as the basis for recording user contributions on the ZetaChain testnet and is also the unit for airdrop tokens when the mainnet is deployed.
For instance, each user transaction will be counted as 250 Points. The Points corresponding to each user's daily transactions amount to 1,000 Points. Additionally, users will receive 5,000 Points when they refer new users through an invitation link. If users identify vulnerabilities in the testnet, they can receive at least 10,000 Points, depending on the severity of the vulnerability.
#cryptocurrency #CryptoTalks #Airdrop
#CryptoTalks sol back to the top
Solana Liquidation 💥💥💥💥
the FTX liquidation event has caused another major fear in the salana community in 2021 salana raised nearly $300 million through a private token sale and one of its largest investors was alamina research this is why during the FDX Fiasco there were rumors circulating that the FDX exchange was offloading its assets including salana Holdings and all of its ecosystem token you see on this table they have sold a total of around the 58 million salana to Alam and FTX at today's value that's worth just around $1.1 billion the latest accounting of FTX liquidations shows that FTX still holds around 42 million salana tokens that they can sell and just last week on September 13th the US courts officially gave FTX the green light to start selling their billions of crypto Holdings for their bankruptcy claims however these tokens cannot be dumped on the market.
the FTX liquidation event has caused another major fear in the salana community in 2021 salana raised nearly $300 million through a private token sale and one of its largest investors was alamina research this is why during the FDX Fiasco there were rumors circulating that the FDX exchange was offloading its assets including salana Holdings and all of its ecosystem token you see on this table they have sold a total of around the 58 million salana to Alam and FTX at today's value that's worth just around $1.1 billion the latest accounting of FTX liquidations shows that FTX still holds around 42 million salana tokens that they can sell and just last week on September 13th the US courts officially gave FTX the green light to start selling their billions of crypto Holdings for their bankruptcy claims however these tokens cannot be dumped on the market.
🚨 DONT MISS IT 🚨
🚀🔥BREAKING MORNING NEWS 🔅😨 📈
🔥Check below🔥
📈$770,000,000 Worth of Flesh’ – Legal Representative for XRP Holders Says SEC Wants Millions To Settle Lawsuit. The lawyer representing XRP holders in the lawsuit against the U.S. Securities and Exchange Commission (SEC) says that the regulatory body is demanding hundreds of millions of dollars to settle.💹
📈Crypto Sleuth Reveals Culprit Behind SIM Swaps. A far-reaching investigation has exposed a Canadian man’s involvement in a spree of ‘SIM Swap’ attacks that drained millions from crypto professionals this year. Findings by pseudonymous sleuth ZachXBT revealed an individual, identified as “Yahya,” assisted in 17 SIM swaps in 2023 that resulted in over $4.5 million in stolen funds.💹
📈BlockFi Says It Has Emerged From Bankruptcy, Kicks Off Wallet Withdrawals for Eligible Clients. A crypto lending platform that stopped customer withdrawals last year amid the FTX crisis says it will now be able to pay its creditors after emerging from bankruptcy.💹
📈Arbitrum's (CRYPTO: ARB) price has increased 3.32% over the past 24 hours to $0.93. Over the past week, ARB has experienced an uptick of over 21.0%, moving from $0.77 to its current price. As it stands right now, the coin's all-time high is $8.67.💹
📈Over 90% of senior executives express concerns about unmonitored use of generative AI tools A recent study conducted by cybersecurity supplier Kaspersky has revealed growing concerns among C-suite executives about the unregulated proliferation of generative artificial intelligence (GenAI) tools in their organizations.💹
Dont forget to follow #CryptoTalks for more BREAKING NEWS 💸🔥
🚀🔥BREAKING MORNING NEWS 🔅😨 📈
🔥Check below🔥
📈$770,000,000 Worth of Flesh’ – Legal Representative for XRP Holders Says SEC Wants Millions To Settle Lawsuit. The lawyer representing XRP holders in the lawsuit against the U.S. Securities and Exchange Commission (SEC) says that the regulatory body is demanding hundreds of millions of dollars to settle.💹
📈Crypto Sleuth Reveals Culprit Behind SIM Swaps. A far-reaching investigation has exposed a Canadian man’s involvement in a spree of ‘SIM Swap’ attacks that drained millions from crypto professionals this year. Findings by pseudonymous sleuth ZachXBT revealed an individual, identified as “Yahya,” assisted in 17 SIM swaps in 2023 that resulted in over $4.5 million in stolen funds.💹
📈BlockFi Says It Has Emerged From Bankruptcy, Kicks Off Wallet Withdrawals for Eligible Clients. A crypto lending platform that stopped customer withdrawals last year amid the FTX crisis says it will now be able to pay its creditors after emerging from bankruptcy.💹
📈Arbitrum's (CRYPTO: ARB) price has increased 3.32% over the past 24 hours to $0.93. Over the past week, ARB has experienced an uptick of over 21.0%, moving from $0.77 to its current price. As it stands right now, the coin's all-time high is $8.67.💹
📈Over 90% of senior executives express concerns about unmonitored use of generative AI tools A recent study conducted by cybersecurity supplier Kaspersky has revealed growing concerns among C-suite executives about the unregulated proliferation of generative artificial intelligence (GenAI) tools in their organizations.💹
Dont forget to follow #CryptoTalks for more BREAKING NEWS 💸🔥
Orbs/usdt
🟢 Long
Entry/ 0.04123 . 0.04135
Leverage 1️⃣0️⃣x or 1️⃣5️⃣x
Target : 0.0418/ 0.04191/ 0.04200
Stop-loss/ 0.03986
The coin is All ready running in profit
#BTC #CryptoTalks #crypto2023 #cryptocurrency #cryptonews
🟢 Long
Entry/ 0.04123 . 0.04135
Leverage 1️⃣0️⃣x or 1️⃣5️⃣x
Target : 0.0418/ 0.04191/ 0.04200
Stop-loss/ 0.03986
The coin is All ready running in profit
#BTC #CryptoTalks #crypto2023 #cryptocurrency #cryptonews
8 Best #crypto Books to Read in 2023: Gaining Insights Into #bitcoin and Blockchain Teever-evo
In the fast-paced and ever-evolving world of cryptocurrencies, staying informed is key. What better way to expand your knowledge than by diving into the best crypto books of 2023?
In this article, we are going to examine the best crypto books to read, covering everything from basic blockchain concepts and Bitcoin drama to insightful sociopolitical and economic commentary and advanced investing approaches.
Here are the best crypto books to read in 2023:
The Internet of Money: A Collection of Talks by Andreas M. Antonopoulos
The Bitcoin Standard: The Decentralized Alternative to Central Bankingby Saifedean Ammous
The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology by Anthony Lewis
Mastering Bitcoin: Programming the Open Blockchainby Andreas M. Antonopoulos
Blockchain Basics: A Non-Technical Introduction in 25 Steps by Daniel Drescher
Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption by Ben Mezrich
Cryptocurrency Investing For Dummies by Kiana Dania
The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Orderby Paul Vigna and Michael J. Casey
#BinanceSquare #CryptoTalks
In the fast-paced and ever-evolving world of cryptocurrencies, staying informed is key. What better way to expand your knowledge than by diving into the best crypto books of 2023?
In this article, we are going to examine the best crypto books to read, covering everything from basic blockchain concepts and Bitcoin drama to insightful sociopolitical and economic commentary and advanced investing approaches.
Here are the best crypto books to read in 2023:
The Internet of Money: A Collection of Talks by Andreas M. Antonopoulos
The Bitcoin Standard: The Decentralized Alternative to Central Bankingby Saifedean Ammous
The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology by Anthony Lewis
Mastering Bitcoin: Programming the Open Blockchainby Andreas M. Antonopoulos
Blockchain Basics: A Non-Technical Introduction in 25 Steps by Daniel Drescher
Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption by Ben Mezrich
Cryptocurrency Investing For Dummies by Kiana Dania
The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Orderby Paul Vigna and Michael J. Casey
#BinanceSquare #CryptoTalks
Here's proof as to what a community feedback can do👏👏👏👏#CryptoTalks
LIVE
Binance News
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Pika Protocol Discontinues PIKA Token and Offers Redemption to Holders
According to Foresight News, Pika Protocol, a decentralized perpetual contract protocol in the Optimism ecosystem, has announced the discontinuation of its PIKA token based on community feedback. The protocol will continue to operate and develop without a native token. PIKA holders can exchange their tokens for the remaining TGE (Token Generation Event) funds, which amount to 3,538 ETH.
PIKA token holders have the right to redeem their tokens at a fixed exchange rate of approximately 0.0001632 ETH (equivalent to $0.34) per PIKA. Pika Protocol has deployed all 3,538 ETH to Uniswap v3. The redemption period for PIKA tokens will be valid for the next six months. After the redemption period ends, any remaining liquidity will be redirected for protocol development.
Pika Protocol was launched in 2021 and raised 4,696 ETH through a TGE in May 2023.
PIKA token holders have the right to redeem their tokens at a fixed exchange rate of approximately 0.0001632 ETH (equivalent to $0.34) per PIKA. Pika Protocol has deployed all 3,538 ETH to Uniswap v3. The redemption period for PIKA tokens will be valid for the next six months. After the redemption period ends, any remaining liquidity will be redirected for protocol development.
Pika Protocol was launched in 2021 and raised 4,696 ETH through a TGE in May 2023.
#BTC "4 YEAR CYCLE-REAL OR FAKE?!"
I'm a big believer in the 4 year cycle, people like Blockchain Backer have always not believed-Funny how he's slowly bn being more positive towards it as his theories the last 20 months have not bn fruitful. If yr new, or just dont understand btc cycle, & wanna take the time, I wrote out my take on it all & what's coming! Read or not, up to u, either way, good luck with yr investments, Mates
#BTC #CryptoTalks #crypto2023
I'm a big believer in the 4 year cycle, people like Blockchain Backer have always not believed-Funny how he's slowly bn being more positive towards it as his theories the last 20 months have not bn fruitful. If yr new, or just dont understand btc cycle, & wanna take the time, I wrote out my take on it all & what's coming! Read or not, up to u, either way, good luck with yr investments, Mates
#BTC #CryptoTalks #crypto2023
Exploring Stablecoins: The Next Big Wave in Digital Currencies
Introduction:Innovation in the world of digital currencies has brought forth various advancements, with stablecoins emerging as a significant development. While cryptocurrencies like Bitcoin have gained widespread attention, the volatility associated with them has hindered their potential as a widely accepted medium of exchange. With stablecoins, the landscape of digital currencies is evolving, providing enhanced stability, reliability, and broader applications. In this post, we will delve into the world of stablecoins, exploring what they are, how they work, and their potential to revolutionize the financial industry.Understanding Stablecoins:Stablecoins are a type of digital currency that aims to maintain a stable value relative to well-established assets such as fiat currencies, commodities, or other cryptocurrencies. Unlike volatile cryptocurrencies, stablecoins offer stability by pegging their value to a specific asset or utilizing algorithmic mechanisms. This pegging mechanism ensures that the value of stablecoins remains relatively constant over time, making them more suitable for everyday transactions and financial activities.Types of Stablecoins:There are several types of stablecoins, each with its own unique characteristics and methods for achieving stability. The major types include:1. Fiat-Collateralized Stablecoins:These stablecoins are backed by traditional fiat currencies, such as the US dollar or the euro. For every unit of stablecoin issued, an equivalent amount of fiat currency is held in reserve, providing confidence in the stability of the digital asset.2. Crypto-Collateralized Stablecoins:These stablecoins are collateralized by other cryptocurrencies, where a reserve of different cryptocurrencies is held to back the stablecoin. Smart contracts ensure the stability by automatically adjusting the collateral ratio based on market conditions.3. Algorithmic Stablecoins:These stablecoins rely on algorithmic mechanisms to maintain stability without direct collateralization. They employ complex algorithms and governance systems to dynamically manage supply, demand, and price stability.Benefits of Stablecoins:Stablecoins offer several benefits that make them an intriguing alternative to traditional cryptocurrencies and fiat currencies:1. Stability: By pegging their value to established assets, stablecoins provide stability, making them suitable for everyday transactions, financial activities, and long-term storage of value.2. Global Accessibility: Stablecoins can be transferred and utilized instantly across borders, providing a frictionless experience for individuals, businesses, and even countries.3. Lower Transaction Costs: Stablecoins have the potential to significantly reduce cross-border transaction costs compared to traditional methods, making them an attractive option for international commerce.4. Financial Inclusion: Stablecoins can enable access to financial services for the unbanked population and those in developing nations who lack reliable banking infrastructure, fostering financial inclusion and economic empowerment.5. Programmability: Stablecoins built on blockchain technology can leverage smart contracts, allowing for programmable features and automation, revolutionizing financial applications such as lending, decentralized finance (DeFi), and remittances.Challenges and Risks:While stablecoins possess great potential, there are challenges and risks that must be addressed:1. Centralization and Counterparty Risk: Some stablecoins rely on a single entity or centralized authority for collateral management, introducing counterparty risk and dependency on trust.2. Regulatory and Legal Concerns: Stablecoins may face regulatory scrutiny concerning their issuance, operation, and compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.3. Market Volatility: In the case of crypto-collateralized stablecoins, the volatility of underlying cryptocurrencies can pose risks, potentially impacting the stability of the stablecoin itself.Conclusion:Stablecoins represent a promising advancement in the world of digital currencies, offering stability, accessibility, and programmability. As technological and regulatory advancements continue, stablecoins have the potential to revolutionize financial systems, promote financial inclusion, and redefine the way we conduct transactions. However, careful evaluation, regulation, and innovation are crucial to ensure their long-term success and mitigate associated risks. The next big wave in digital currencies might just be driven by stablecoins, bridging the gap between traditional finance and the world of decentralized cryptocurrencies.#BTC #CryptoTalks #crypto2023 $BNB $ETH
#ICP
ICP with a perfect breakout and is still very strong. I hope you guys followed my ICP updates...🚀💸
follow for more♥️
#BinanceSquare #CryptoTalks #cryptocurrency #crypto2023 #BitcoinWorld
ICP with a perfect breakout and is still very strong. I hope you guys followed my ICP updates...🚀💸
follow for more♥️
#BinanceSquare #CryptoTalks #cryptocurrency #crypto2023 #BitcoinWorld
🚨The Future of DeFi: New Trends Transforming Finance (education) 🚨
📈Decentralized Finance, or DeFi, is changing and growing fast. Here are some exciting trends that are shaping its future:
1️⃣ Better Connections Across Blockchains: DeFi projects are working on making different blockchains talk to each other more easily. This opens the door for new ways to use DeFi on various blockchains. It's like building bridges between them.
2️⃣ DeFi Insurance: People want to protect themselves in DeFi. Platforms like Nexus Mutual and Bridge Mutual offer insurance to cover risks in DeFi. It's like having a safety net when using DeFi services.
3️⃣ Crypto Bridges: Crypto bridges help move assets and money between different DeFi platforms and blockchains. This helps DeFi grow by making it easier to move things around.
4️⃣ Governance Tokens: Some DeFi platforms are giving users special tokens. These tokens let users vote on how the platform should work. It's like having a say in how things are run. This encourages people to get involved and helps the platform develop.
💹As DeFi keeps changing, these trends show it's becoming more flexible and useful. But they also bring new challenges, like making sure everything stays safe and following the rules. Understanding and using these trends is important for DeFi's future. #DeFiChallenge #DeFiTrends
Follow #CryptoTalks for more info 💸
📈Decentralized Finance, or DeFi, is changing and growing fast. Here are some exciting trends that are shaping its future:
1️⃣ Better Connections Across Blockchains: DeFi projects are working on making different blockchains talk to each other more easily. This opens the door for new ways to use DeFi on various blockchains. It's like building bridges between them.
2️⃣ DeFi Insurance: People want to protect themselves in DeFi. Platforms like Nexus Mutual and Bridge Mutual offer insurance to cover risks in DeFi. It's like having a safety net when using DeFi services.
3️⃣ Crypto Bridges: Crypto bridges help move assets and money between different DeFi platforms and blockchains. This helps DeFi grow by making it easier to move things around.
4️⃣ Governance Tokens: Some DeFi platforms are giving users special tokens. These tokens let users vote on how the platform should work. It's like having a say in how things are run. This encourages people to get involved and helps the platform develop.
💹As DeFi keeps changing, these trends show it's becoming more flexible and useful. But they also bring new challenges, like making sure everything stays safe and following the rules. Understanding and using these trends is important for DeFi's future. #DeFiChallenge #DeFiTrends
Follow #CryptoTalks for more info 💸
Binance Square
Crypto firm Binance announces that its social platform Binance Feed has been rebranded to Binance Square.
The decision to rebrand follows the platform’s evolution from a simple content aggregator to a vibrant social platform, with user-generated content being a key addition. With the recent addition of a user-generated content feature, registered Binance users across most markets are now able to create their own content and actively participate in community discussions on the platform.
#CryptoTalks #Binance
Crypto firm Binance announces that its social platform Binance Feed has been rebranded to Binance Square.
The decision to rebrand follows the platform’s evolution from a simple content aggregator to a vibrant social platform, with user-generated content being a key addition. With the recent addition of a user-generated content feature, registered Binance users across most markets are now able to create their own content and actively participate in community discussions on the platform.
#CryptoTalks #Binance
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Binance News
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Binance Rebrands Binance Feed to Binance Square, Introducing User-Generated Content and Monetization Features
Binance announced today that Binance Feed will now be known as Binance Square. The rebranding reflects the evolution of the platform from a content aggregator into a dynamic social platform equipped with user-generated content.
With the newly added feature, Binance users in most markets can now actively participate in discussions and generate their own content on Binance Square.
The platform has also introduced a unique monetization feature that benefits both creators and users. Creators can earn from content contributions through tipping, while users can receive incentives via crypto boxes and an affiliate commission program. Binance Square has further plans to enhance these monetization features and expand its offerings in the future.
Changpeng Zhao (CZ), the CEO and Founder of Binance, stated: "Binance Square's goal is to build a community-centric social platform, and today's announcement is a step towards that mission."CZ emphasized the platform's role in fostering knowledge sharing within the Web3 and crypto sectors.
Binance Square, previously Binance Feed, has so far hosted trending topics related to the crypto and Web3 ecosystem, with over 30,000 hashtags and more than 10 million monthly active users. It serves as a hub for thought leaders, influencers, crypto enthusiasts, developers, and projects to engage in current news, trends, and issues.
"Binance Square is a promising prototype of what blockchain-based social platforms can offer users and creators. The platform aims to resolve issues such as spam, fraud, and authentication. Our goal at Binance is to continue leveraging these innovative solutions to present more beneficial blockchain and crypto use cases," CZ added.
With the newly added feature, Binance users in most markets can now actively participate in discussions and generate their own content on Binance Square.
The platform has also introduced a unique monetization feature that benefits both creators and users. Creators can earn from content contributions through tipping, while users can receive incentives via crypto boxes and an affiliate commission program. Binance Square has further plans to enhance these monetization features and expand its offerings in the future.
Changpeng Zhao (CZ), the CEO and Founder of Binance, stated: "Binance Square's goal is to build a community-centric social platform, and today's announcement is a step towards that mission."CZ emphasized the platform's role in fostering knowledge sharing within the Web3 and crypto sectors.
Binance Square, previously Binance Feed, has so far hosted trending topics related to the crypto and Web3 ecosystem, with over 30,000 hashtags and more than 10 million monthly active users. It serves as a hub for thought leaders, influencers, crypto enthusiasts, developers, and projects to engage in current news, trends, and issues.
"Binance Square is a promising prototype of what blockchain-based social platforms can offer users and creators. The platform aims to resolve issues such as spam, fraud, and authentication. Our goal at Binance is to continue leveraging these innovative solutions to present more beneficial blockchain and crypto use cases," CZ added.
💰 Ready to Supercharge Your Crypto Portfolio? Here's a Pro Tip! 💡🚀
Are you looking to grow your USDT holdings? It's time to maximize your crypto potential with these steps:
1️⃣ **HODL & Accumulate**: Holding USDT is a secure way to preserve your crypto wealth. Consider regularly setting aside a portion of your earnings into USDT to safeguard against market volatility.
2️⃣ **Staking**: Explore opportunities to stake your USDT through trusted platforms to earn passive income. Some exchanges offer attractive staking options.
3️⃣ **Diversify**: Spreading your investments across different cryptocurrencies can help you grow your account. Remember, diversification reduces risk.
4️⃣ **Educate Yourself**: Stay informed about market trends, news, and upcoming events that could impact the crypto market. Knowledge is power!
5️⃣ **Trading Strategies**: If you have the skills, consider trading USDT pairs. But, always exercise caution and use risk management tools.
6️⃣ **Long-Term Vision**: Think about your long-term goals. Hasty decisions can lead to losses. Patience pays off in the crypto world.
7️⃣ **Consult Experts**: Don't hesitate to seek advice from seasoned traders or financial advisors. They can provide valuable insights.
Remember, growing your account is a marathon, not a sprint. Take each step thoughtfully and strategically. 💪
What's your go-to strategy for growing your USDT holdings? Share your thoughts and let's learn from each other! 🚀💬
BE VERY GENEROUS TO HELP ME GROW MY PORTFOLIO WITH ANY AMOUNT OF USDT.
THANK YOU!
#xrp #USDT #CryptoTalks
Are you looking to grow your USDT holdings? It's time to maximize your crypto potential with these steps:
1️⃣ **HODL & Accumulate**: Holding USDT is a secure way to preserve your crypto wealth. Consider regularly setting aside a portion of your earnings into USDT to safeguard against market volatility.
2️⃣ **Staking**: Explore opportunities to stake your USDT through trusted platforms to earn passive income. Some exchanges offer attractive staking options.
3️⃣ **Diversify**: Spreading your investments across different cryptocurrencies can help you grow your account. Remember, diversification reduces risk.
4️⃣ **Educate Yourself**: Stay informed about market trends, news, and upcoming events that could impact the crypto market. Knowledge is power!
5️⃣ **Trading Strategies**: If you have the skills, consider trading USDT pairs. But, always exercise caution and use risk management tools.
6️⃣ **Long-Term Vision**: Think about your long-term goals. Hasty decisions can lead to losses. Patience pays off in the crypto world.
7️⃣ **Consult Experts**: Don't hesitate to seek advice from seasoned traders or financial advisors. They can provide valuable insights.
Remember, growing your account is a marathon, not a sprint. Take each step thoughtfully and strategically. 💪
What's your go-to strategy for growing your USDT holdings? Share your thoughts and let's learn from each other! 🚀💬
BE VERY GENEROUS TO HELP ME GROW MY PORTFOLIO WITH ANY AMOUNT OF USDT.
THANK YOU!
#xrp #USDT #CryptoTalks
About Binance TR
What Is Binance TR?
Launched in September 2020, Binance TR is a digitalasset marketplace, powered by matching engine andwallet technologies licensed from the cryptocurrencyexchange, Binance. Operated by BN Teknoloji basedin İstanbul, Turkey, Binance TR aims to provide afast, secure and reliable platform to buy and sellcryptocurrencies in Turkey. It supports TRY fiat pairs.
The platform runs on licensed technologies andmechanisms from the Binance exchange under locallaws and compliance with anti-money launderingrequirements.
Binance TR is supported by the core featureset of Binance. It offers the Turkish communityindustry-leading technology, spot trading liquidity,robust matching mechanisms, and modern securityfacilities, allowing users to buy and sell digitalcurrencies with their local currency.
#Binance #CryptoTalks #cryptocurrency #crypto2023 #BinanceSquare
What Is Binance TR?
Launched in September 2020, Binance TR is a digitalasset marketplace, powered by matching engine andwallet technologies licensed from the cryptocurrencyexchange, Binance. Operated by BN Teknoloji basedin İstanbul, Turkey, Binance TR aims to provide afast, secure and reliable platform to buy and sellcryptocurrencies in Turkey. It supports TRY fiat pairs.
The platform runs on licensed technologies andmechanisms from the Binance exchange under locallaws and compliance with anti-money launderingrequirements.
Binance TR is supported by the core featureset of Binance. It offers the Turkish communityindustry-leading technology, spot trading liquidity,robust matching mechanisms, and modern securityfacilities, allowing users to buy and sell digitalcurrencies with their local currency.
#Binance #CryptoTalks #cryptocurrency #crypto2023 #BinanceSquare
21 Altcoins Have Massive Token Unlocks in the Coming Week! Here is the Day by Day, Hour by Hour List
The past week in the cryptocurrency market has been positive, with Bitcoin rising more than 10% and some altcoins experiencing partial rallies led by BTC.There will be many token unlocking operations next week that may affect the balance in the cryptocurrency market. Here is the calendar we have prepared specially for you as Bitcoinsistemi.com:(All times are written in Turkish time (UTC+3).)Cartesi (CTSI)Market Value: $95.42 millionToken Unlock Amount: $2.75 million (2.88% of market cap)Date: 23 October 2023, 03:00Bonfida (FIDA)Market Value: $17.18 millionToken Unlock Amount: $2.91 million (16.91% of market cap)Date: 23 October 2023, 03:00Coin98 (C98)Market Value: $91.20 millionToken Unlock Amount: $2.85 million (3.13% of market cap)Date: 23 October 2023, 19:00Ribbon Finance (RBN)Market Value: $91.41 millionToken Unlock Amount: $3.66 million (3.99% of market cap)Date: 24 October 2023, 03:00Mask Network (MASK)Market Value: $215.71 millionToken Unlock Amount: $1.68 million (0.78% of market cap)Date: 24 October 2023, 11:00dYdX (DYDX)Market Value: $358.89 millionToken Unlock Amount: $12.58 million (3.50% of market cap)Date: 24 October 2023, 18:00H2O Dao (H2O)Market Value: $26.87 millionToken Unlock Amount: $3.97 million (14.77% of market cap)Date: 25 October 2023, 03:00Pintu Token (PTU)Market Value: $18.28 millionToken Unlock Amount: $1.42 million (7.75% of market cap)Date: 25 October 2023, 03:00TENETMarket Value: $9.70 millionToken Unlock Amount: $1.86 million (19.10% of market cap)Date: 25 October 2023, 03:00SophiaVerse (SOPH)Market Value: $3.26 millionToken Unlocking Amount: $2.36 million (72.18% of market cap)Date: 25 October 2023, 03:00GateToken (GT)Market Value: $353.16 millionToken Unlock Amount: $24.81 million (7.02% of market cap)Date: 26 October 2023, 03:00Dogechain(DC)Market Value: $11.67 millionToken Unlock Amount: $1.66 million (14.27% of market cap)Date: 26 October 2023, 03:00Ronin (RON)Market Value: $109.20 millionToken Unlock Amount: $9.31 million (8.53% of market cap)Date: 27 October 2023, 03:00FlowMarket Value: $465.88 millionToken Unlock Amount: $5.93 million (1.27% of market cap)Date: 27 October 2023, 08:00Axle (AXL)Market Value: $140.57 millionToken Unlocking Amount: $7.90 million (5.62% of market cap)Date: 27 October 2023, 08:00ApeX (APEX)Market Value: $4.63 millionToken Unlock Amount: $1.16 million (24.99% of market cap)Date: 27 October 2023, 15:00Yield Guild Games (YGG)Market Value: $43.02 millionToken Unlock Amount: $2.17 million (5.03% of market cap)Date: 27 October 2023, 17:00Radworks (RAD)Market Value: $65.40 millionToken Unlock Amount: $1.99 million (3.05% of market cap)Date: 28 October 2023, 03:00Open Campus (EDU)Market Value: $77.04 millionToken Unlocking Amount: $8.73 million (11.31% of market cap)Date: 28 October 2023, 18:00ECOx (ECOX)Market Value: $15.95 millionToken Unlock Amount: $1.98 million (12.41% of market cap)Date: 28 October 2023, 18:00WOO Network (WOO)Market Value: $312.15 millionToken Unlock Amount: $2.86 million (0.92% of market cap)Date: 29 October 2023, 09:00#cryptonews #CryptoTalks #crypto2023 *This is not investment advice.
🤔This information about SingularityNET Token ($AGIX). It appears that there has been an unusually high deposit volume of $133.3K in Centralized Exchanges (CEX) over the past 24 hours. This amount represents approximately 10.23% of the total 24-hour trading volume, which stands at $1.3 million.
If you are interested in more comprehensive information on exchange netflow over the last 30 days, I recommend checking out the Token Reports section.
Follow me for more updates.
$AGIX
#Binance #CryptoTalks #crypto2023 #crypto
If you are interested in more comprehensive information on exchange netflow over the last 30 days, I recommend checking out the Token Reports section.
Follow me for more updates.
$AGIX
#Binance #CryptoTalks #crypto2023 #crypto