The year 2024 has been marked by unprecedented events that have reverberated across multiple sectors, particularly in the realms of #cryptocurrency , economics, and politics. As we navigate through this year, let’s take a look at some significant occurrences that have defined the landscape:
Major Events of 2024
Cryptocurrency Exchange Bankruptcies:Several high-profile cryptocurrency #exchanges , including some in India and Malaysia, have declared bankruptcy, leaving investors in the lurch.These collapses have led to a significant loss of trust in centralized exchanges.#hacks and Security Breaches:Multiple exchanges have experienced hacks, resulting in millions of dollars being stolen from unsuspecting users.The aftermath of these incidents has raised concerns about security measures and the overall integrity of digital asset platforms.Burning of Old Digital Currencies:Many legacy cryptocurrencies are engaging in token burn mechanisms to reduce supply and stabilize prices.This trend has sparked debates on sustainability and the long-term viability of certain coins.

$XRP 's Resurgence:#XRP has emerged as a frontrunner in the crypto market, driven by legal victories and increased adoption.Its narrative has shifted from a legal battleground to a potential market leader, influencing investor sentiment.Global Economic Challenges:The world is grappling with economic downturns, inflation, and rising interest rates, affecting markets and consumer confidence.Countries are facing mounting pressures to find effective solutions to these financial woes.U.S. National Debt Crisis:The United States is navigating a staggering national debt of $33 trillion, prompting discussions about fiscal responsibility and potential reforms.Solutions are being debated in Congress, but consensus remains elusive.2024 U.S. Presidential Election:The political arena is heating up as Donald Trump and Kamala Harris position themselves as the leading candidates.Their contrasting visions for America are shaping campaign strategies and voter mobilization efforts.Elon Musk's Influence:Elon Musk continues to make headlines with his ventures, including advancements in AI and space exploration.His impact on technology and popular culture remains profound, influencing market trends and public discourse.
Major Events of 2024 by Month
January
FTX and Voyager's Bankruptcy Proceedings: Continued fallout from the 2022 collapses.Launch of CBDCs: Several countries, including China and the EU, expanded their Central Bank Digital Currency initiatives.Bitcoin Price Rally: Bitcoin saw a 15% increase, sparking renewed interest in crypto.
February
Crypto Exchange Hack in Malaysia: A major exchange suffered a breach, resulting in millions lost.SEC vs. Crypto Companies: The U.S. SEC increased scrutiny on various crypto platforms.Ethereum Upgrade: The transition to Ethereum 2.0 gained traction with successful testnets.
March
Market Correction: A significant pullback in crypto prices led to panic selling.XRP Legal Victory: Ripple won a court case, boosting XRP's market position.Coinbase Layoffs: Coinbase announced layoffs amid declining trading volumes.
April
New Regulatory Frameworks: The EU proposed new regulations for cryptocurrency exchanges.Launch of NFT Marketplaces: Several platforms launched, aiming to capture the growing NFT market.Stablecoin Regulations: Discussions around stablecoin regulation intensified.
May
Hack of Indian Exchange: An Indian crypto exchange was hacked, causing significant investor losses.Bitcoin Mining Crackdown: China resumed its crackdown on Bitcoin mining operations.Elon Musk's Twitter Influence: Musk's tweets drove sudden price movements in Dogecoin.
June
Summer Market Slump: Crypto markets experienced a significant downturn.NFT Market Decline: Reports showed a sharp decline in NFT sales.Crypto Tax Guidelines: Various countries released updated tax guidelines for crypto traders.
July
Binance Regulatory Issues: Binance faced increased scrutiny from regulators in multiple countries.Introduction of Layer 2 Solutions: Several blockchain projects introduced Layer 2 scaling solutions.Launch of New Altcoins: Many new altcoins were launched amid a recovering market sentiment.
August
Return of Crypto Bull Run: Bitcoin and Ethereum prices began to rise again.Partnerships with Traditional Finance: Crypto platforms partnered with banks to facilitate fiat transactions.Major Hack on Global Exchange: A well-known global exchange experienced a breach, leading to heavy losses.
September
XRP Market Leadership: XRP continued to climb, solidifying its position in the top 5 cryptocurrencies.U.S. National Debt Concerns: Ongoing discussions about the implications of the $33 trillion national debt.Elon Musk's New Ventures: Announced plans for new space exploration projects.
October
Crypto Market Regulation Announcements: Major announcements from regulators about upcoming policies.Adoption of Blockchain Technology: Businesses began exploring blockchain for supply chain solutions.Market Volatility: Prices fluctuated significantly as traders reacted to regulatory news.
November
U.S. Elections and Market Impact: Market sentiment shifted based on election results.Adoption of Crypto by Retailers: More retailers began accepting cryptocurrencies as payment.Major Exchange Acquisitions: Acquisitions of smaller exchanges by larger players were announced.
December
Year-End Market Review: Analysts reported on the highs and lows of the crypto market in 2024.Forecast for 2025: Predictions for market trends and regulatory changes in the coming year.Final Crypto Hack of the Year: A last-minute hack on a prominent exchange highlighted ongoing security issues.
2024 Short Review:
The events of 2024 have shaped a turbulent landscape for the cryptocurrency market, reflecting a mix of regulatory developments, market volatility, and technological advancements. As the year concludes, the implications of these occurrences will likely influence strategies and policies in the years to come.
Analysis of the Current Landscape
The events of 2024 have highlighted the volatility and unpredictability of both financial and political spheres. The catastrophic failures of cryptocurrency exchanges serve as a stark reminder of the inherent risks involved in the digital asset space. As millions of dollars vanish due to hacks, investors are forced to reconsider their trust in these platforms and the future of cryptocurrency as a whole.
In parallel, the resurgence of XRP showcases how legal clarity can dramatically shift market dynamics. The coin’s journey from litigation to potential market dominance reflects broader trends in the crypto ecosystem, where regulatory clarity is increasingly sought by investors.
Meanwhile, global economic challenges are adding layers of complexity to the situation. Inflation and rising interest rates have placed pressure on consumer spending and investment, forcing countries to reevaluate their economic policies. In the U.S., the staggering national debt poses questions about fiscal sustainability and future growth.
The upcoming presidential election adds yet another layer of uncertainty. With candidates like Donald Trump and Kamala Harris vying for the highest office, their platforms will not only shape the political landscape but also have significant implications for economic policy and international relations.
As we observe the actions of influential figures like Elon Musk, it becomes clear that innovation and disruption will continue to play a crucial role in shaping the future. His endeavors in AI and space exploration signify a push towards a new technological era, even amidst economic turmoil.
In Nutshell
The events of 2024 encapsulate a pivotal moment in history, characterized by significant setbacks and transformative changes. The interplay between cryptocurrency turmoil, economic challenges, and political shifts will continue to influence global dynamics in the months to come. As we move forward, it is essential for investors, policymakers, and citizens to remain vigilant and adaptive in the face of these rapid changes.

Cryptocurrency exchanges often manipulate markets by exploiting long and short positions to trigger liquidations, stabilizing prices and profiting in the process. By intentionally pushing prices up or down, exchanges can force traders into liquidation, particularly those using leveraged positions. This not only stabilizes volatile prices but also allows exchanges to collect substantial fees from every trade and liquidation event.
Liquidity hunters, large players who exploit price movements, also benefit from this manipulation. They actively seek out price zones where liquidations are likely and push prices into those zones. When this happens, a chain of forced liquidations occurs, creating further volatility, which increases trading volume and profits for both the exchanges and liquidity hunters.
This practice raises concerns about fairness. Exchanges, which should serve as neutral platforms, often appear to act in their own interest, engineering volatility to trigger liquidations deliberately. The lack of regulation in the cryptocurrency market allows these actions to go unchecked, leaving retail traders at a disadvantage.
Without regulatory oversight, exchanges continue to profit from market instability, manipulating prices while creating an uneven playing field for traders. Retail investors, especially those using leverage, are most vulnerable to these tactics, often losing significant amounts due to unexpected liquidations.
In this environment, it becomes increasingly clear that exchanges aren't merely facilitators of trade but active players in a system skewed in their favor.
#liquidity #long #short #exchanges #profit

The world of cryptocurrency has evolved, and it’s no longer a safe haven for passive, “buy and forget” investors. Today’s crypto market is heavily manipulated by whales, institutions, and large exchanges, making it crucial for smaller investors to stay active and alert. Whales and big players control the market by dumping assets to trigger panic, causing small investors to sell at a loss. They then buy back at lower prices, only to pump the market with positive news, creating a buying frenzy that benefits them.
Exchanges and institutions like BlackRock are often involved in this manipulation. These players have inside access to crucial market information, giving them a significant advantage. Exchanges, which profit from transaction fees, benefit regardless of whether the market is up or down. They encourage trading volume, often at the expense of smaller investors.
The market manipulation goes beyond price movements. Through fear, uncertainty, and doubt (FUD), whales spread negative news when they want to lower prices, and flood the market with optimism when it’s time to pump. The psychology of fear and greed drives investors to make emotional decisions, which benefits those in control.
In this environment, the game is rigged against average investors. Only a small percentage of people—those with insider knowledge or significant capital—make real gains, while the rest are left hoping for success. To survive, you must be an active investor, understanding market trends and responding quickly. The era of passive investing is over—crypto has become a space dominated by whales and institutions, leaving little room for the uninformed to succeed. #BTC☀ #whales #blackrock #exchanges

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