Just In 🚨 In a matter of minutes, $65 million worth of #BT | Akanksha Saxena on Binance Square

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Just In 🚨
In a matter of minutes, $65 million worth of #BTC  was liquidated due to false reports suggesting the approval of BlackRock's Spot #bitcoin #etf

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Are you ready to embark on a journey where the physical meets the digital, revolutionizing the way we interact with our world? It's to the realm of DePINs👇🏻 👉🏻 DePIN- Decentralized Physical Infrastructure Networks DePIN protocols have garnered interest lately due to their potential to impact a wide range of industries, including the Internet, artificial intelligence (AI), energy, wireless communications, and more. • Let's understand what is DePIN- A DePIN is a decentralized application that uses tokens to incentivize people to crowdsource and build connected real-world physical infrastructure. • DePIN can be used in different ways. Globally empowering individuals, these networks enable collaborative efforts in building, maintaining, and operating community-owned physical infrastructure without relying on a single centralized entity. • How Do DePINs Work? DePINs function through three key elements: ➤ Off-chain network mainly comprises its users and service providers ➤ The blockchain brings end users and service providers together. ➤ Protocol defines the key features of how a DePIN functions. • Benefits of DePIN The conceptual scope of DePIN is defined by shared characteristics: 👉🏻 Permissionless entry 👉🏻 Distributed infrastructure costs, and 👉🏻 Economies of scale • DePIN Sectors So you can have DePINs providing everything from mobility to energy, to connectivity, to storage services. But are all DePINs equal? Let's break it down further 👇🏻 • Physical Resource Networks vs Digital Resource Networks PRNs 👉🏻 incentivize people to direct or deploy hardware to offer real-world, non-fungible goods and services. DRNs 👉🏻 incentivize people to direct or deploy hardware to offer fungible, digital resources. #HotTrends #DePIN #Binance #CryptoEducation💡🚀

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What Is a #bitcoin #etf and Why Does Everyone from BlackRock to Grayscale Want One? 🤔 Learn more about how It Works and how to Invest 👇🏻 1- A Bitcoin ETF creates a simple, legally compliant way to trade the price of Bitcoin , accessible on markets that investors are already familiar with. 2- What is an ETF? #etf refers to the exchange-traded funds that are a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of mutual funds, stocks and bonds. 3- ETFs track BTC's value and trade on traditional stock exchanges rather than #crypto exchanges. In addition, they allow investors to invest in Bitcoin without the inconvenience of using a cryptocurrency exchange while also giving price leverage. 4- The majority of Bitcoin ETFs employ futures to simulate the cryptocurrency's performance. Futures allow investors to protect themselves against turbulent markets by ensuring that they can buy or sell a specific cryptocurrency at a particular price in the future. 5- An ETF monitors the price of an underlying asset or index. For example, a Bitcoin ETF would function similarly, with the price of one share of the exchange-traded fund fluctuating in lockstep with the price of #BTC 6- Why the need for a Bitcoin ETF? With a BitcoinETF investors need not worry about private keys, storage, or security. They own shares in the ETF and can gain exposure to the cryptocurrency market without having to go through the hoops of purchasing and holding crypto. #etf $BTC

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Just In 🚀 Ferrari Now Accepts #crypto Payments With BitPay For Car Purchases. Ferrari accelerates into the crypto world, allowing its customers to purchase luxury vehicles with cryptocurrencies. According to a recent report, the company is now allowing customers in the United States to purchase their high-end vehicles using crypto like $BTC and $ETH In addition, Ferrari plans to expand this payment option to European markets in the near future following strong demand from its clientele. What is your take on this step? #BinanceSquare #crypto2023 #CryptoTalks #cryptocurrency

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What Is Crypto Options Trading? 🚀 The options market is one of the fastest-growing sectors in the #cryptocurrency industry. An option is a derivative, meaning it represents an underlying asset like $BTC or $ETH With this, you can but you don't have to buy or sell the underlying asset. You can do so when the option expires at a set price at the expiration date, or you can do so before the expiration date. #crypto Options Exchange- #Binance Binance is the biggest #crypto exchange in the world and offers options for crypto, among many other products. You can trade crypto options that are exercised upon expiration (European options). The options are settled in USDT. There is a transaction fee of 0.03% of the underlying asset value and an exercise fee of 0.015% of the underlying asset value. Are you intro options trading or not? 🧐👇🏻

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Just In ⚡️ G20 Adopts Global Roadmap to Regulate #crypto Assets G20 Finance Ministers and Central Bank Governors Unveil Crypto Roadmap for Global Regulation and Cooperation in Marrakesh Communique. #Binance #crypto2023 #cryptocurrency

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