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Filecoin Web Services (FWS) launched this week to build an open-source alternative to AWS, Google Cloud, and Azure. FWS is a stack of compute, storage, and networking services that developers can use to build decentralized applications. #Binance #crypto2023 #dyor #filestorage

Filecoin Web Services (FWS) launched this week to build an open-source alternative to AWS, Google Cloud, and Azure.

FWS is a stack of compute, storage, and networking services that developers can use to build decentralized applications.

#Binance #crypto2023 #dyor #filestorage

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⚡️Runes Protocol Launches on Bitcoin💰, Sending Fees Soaring as Users Rush to Mint Tokens. About nine blocks after the halving, Runes minters had already paid 78.6 BTC in fees (~$4.95 million) in order to buy the rarest of the rare. #bitcoin #RunesLaunch #BTC
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🚀 Bitcoin Halving 2024 Highlights: 1. 🎉 The fourth Bitcoin halving just happened, with institutional investment playing a significant role for the first time. 2. 💰 Historically, Bitcoin halvings have led to price spikes post-event, but this time, the price surged significantly even before the halving. 3. 📈 The crypto user base has skyrocketed since the 2020 halving, with estimates suggesting a growth of at least 400%, showing increasing demand for Bitcoin. 4. ⛏️ Miners seem better prepared this time, with the price surge pre-halving potentially improving their control over costs and reducing debt levels. 5. 🌍 Bitcoin's geographic decentralization has increased, with mining activity spreading across regions like the United States, China, Russia, Africa, and Latin America. 6. 📊 The introduction of spot Bitcoin ETFs in the U.S. marks a significant milestone for this halving, attracting institutional investors and increasing Bitcoin's accessibility. 7. 💡 Bitcoin's hash rate has surged, making the network more secure and resistant to attacks compared to previous halving cycles. Overall, the Bitcoin halving of 2024 represents a pivotal moment in Bitcoin's journey, with changes in market dynamics, mining landscape, and institutional involvement shaping its future trajectory. #bitcoinhalving #BTCHalvingApril2024 #btchalving2024
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📊 Bitcoin Whale & Miner Profits Analysis: 🐋 Whale Groups: CryptoQuant CEO Ki Young Ju discusses four key groups based on on-chain data: 1. Short-Term Holder (STH) Whales: Large entities entering the market within the past 155 days. 2. Long-Term Holder (LTH) Whales: Veteran large holders, holding for over 155 days. 3. Miners (100-1,000 BTC): Small miners on the network. 4. Miner Whales (1,000 BTC+): Mining companies. 📈 Unrealized Profit Ratio: This indicator reflects the unrealized gains of these groups relative to their total market cap. - LTH whales lead with a ratio of 2.23, suggesting over 223% profits. - Small miners follow with 1.31, outperforming miner whales at 0.81. - STH whales lag at 0.016, indicating only 1.6% profits, likely due to buying at higher prices through spot ETFs. 💡 Analysis: The profits of LTH whales and small miners are significant, indicating rewards for patience and participation. However, STH whales have smaller profits due to buying at higher prices recently. 💰 Overall Outlook: Despite profits across these groups, Ju suggests "not enough profit to end this cycle," implying continued market activity. 💱 BTC Price: Bitcoin remains around $64,300, exhibiting sideways movement recently. #bitcoinhalving #Megadrop #Token2049 #BitcoinWhale
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