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Mining Bitcoin comes at a cost, and with the recent reward halving, it's becoming an even pricier endeavor for miners. According to CoinShares, the average cost to mine one Bitcoin these days clocks in at around $53,000, a figure that reflects what large mining companies typically invest in each BTC. 💸💰
For those unfamiliar, the halving event signifies a reduction in the number of Bitcoins miners receive for successfully decoding blocks on the Bitcoin network. With fewer Bitcoins up for grabs, the expenses associated with running mining operations, particularly electricity costs, may appear to double for miners. ⛏️💡
But that's not all. Experts anticipate a substantial surge in the total power consumption of Bitcoin mining, potentially reaching 700 Exahash by 2025. Such a leap demands a significant increase in energy to sustain the Bitcoin network. However, immediately following the halving, less profitable mining rigs may be switched off, potentially reducing the power consumption by approximately 10%. 📈💡
Amidst these challenges, some savvy miners are exploring alternative avenues to mitigate costs. They're relocating to regions where energy is cheaper, leveraging unused or wasted energy sources like gas flares, and integrating AI solutions to maximize profitability in areas with stable and affordable energy. 🔋
Post-halving, the cost of mining a Bitcoin is expected to rise further. Miners may see their expenses for electricity and equipment nearly double on paper, even if the price per Kw/h remains constant. To adapt, they're seeking better deals on 🔌
With additional funds from the bull run and favorable mining costs, miners are strategically managing their finances, paying off debts, and preparing for potential shifts in the mining market landscape. 💰📈
APT Locked Products: Enjoy Up to 12% APR in Rewards!This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Simple Earn is pleased to announce a Locked Products update on Aptos (APT). Complete subscriptions to APT on Simple Earn Locked Products during the Promotion Period to get up to 12%* in APR rewards! Mechanism on APT Locked Products Promotion Period: Subscriptions must take place between 2024-04-25 10:00 (UTC) and 2024-05-25 09:59 (UTC) to count as eligible.Subscr
MANTRA : A project using RWA, the latest blockchain trend.
Gala : A metaverse staple since 2019.
Fetch.ai : A promising blockchain-powered AI platform with a huge upgrade.
Mantra (OM-USD): 1300% Up
RWA tokenization platform MANTRA (OM-USD) had a busy quarter. Leading Middle East and Asia tech investor Shoroop Partners led a $11 million funding round in March for the initiative.
This month, MANTRA launched its Hongbai Incentivized Testnet, the second phase of its MANTRA Chain testnet.
MANTRA's market value skyrocketed this year after such accomplishments. OM started the year at slightly over 5 cents. It trades above $0.70 on April 22. More than 1300% increase in 2024.
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It's one of numerous blockchain ecosystem use cases beyond crypto speculation that are just starting.
MANTRA is one of the most successful niche ventures, therefore anticipate it to keep rising in price.
Gala Games (GALA-USD): 200% Up
Gala Games, launched in 2019, is a metaverse success. Thanks to user-submitted game concepts that the community votes on.
Players also own objects and gifts they accumulate throughout games. The game has 1.3 million monthly players.
GALA hovered around $0.025 in January and February. It rose over 200% to over 8 cents in March. It then settled at 6 cents for the month before dipping to 4 cents in April.
Fetch.ai (FET-USD): 260% Up
Developers may design, deploy, and monetize AI applications and tools on blockchain-powered Fetch.ai (FET-USD). It lets users automate everyday operations like booking tickets and vacations and arranging itineraries.
The U.K. business seeks to democratize AI using blockchain by developing an open AI system for developers.
Fetch.ai, SingularityNET (AGIX-USD), and Ocean Protocol (OCEAN-USD) formed the Artificial Superintelligence Alliance (ASI) this month.
💰 Solana DeFi TVL increased by 232% QoQ to $4.9 billion, ranking it fourth among networks.
Lending and yield protocol Kamino jumped from Solana’s fourth largest to the top DeFi protocol by TVL. Its lending protocol ended the quarter with almost $1.3B in TVL, an 811% QoQ increase — link
US Authorities Arrest and Charge New Figure in OneCoin Scheme — Who Is William Morro?Officials with the United States Justice Department have arrested and charged William Morro for bank fraud in connection with the OneCoin crypto scheme.
According to April 23 filings in U.S. District Court for the Southern District of New York, Morro was responsible for transferring $35 million in funds connected to OneCoin from bank accounts in China to one in Hong Kong in 2016. The superseding indictment alleged that Morro moved more than $6 million from the Hong Kong account to a U.S. one he
🌟 Big News from BounceBit: Early Users Rewarded with Exclusive Liquidity Custody Tokens (LCT)! 🚀
Exciting updates from the forefront of Bitcoin re-pledging infrastructure! BounceBit is thrilled to announce a special token distribution for its pioneering early users. If you've been part of the journey with deposits in BTCB, WBTC, FDUSD, or USDT, get ready for an effortless boost to your blockchain assets. 🎉
Here’s What You Need to Know:
- Automatic Allocation: Users who participated early will automatically receive BBTC and BBUSD Liquidity Custody Tokens (LCTs) on the BounceBit chain. No actions needed, no hassle! 🙌 - Seamless Integration: This token allocation extends to funds used in Premium Yield Generation, ensuring a smooth and rewarding experience for all early supporters. 💸
- Post-Launch Perks: Jumped on board after the Megadrop event? No worries! Any new deposits will also see LCTs allocated to the respective chain where the deposit was made. 🔗
What Sets It Apart: Unlike traditional liquidity pledges such as Lido, where assets are pledged to a network security protocol, BounceBit’s innovative approach allows users to entrust assets to a centralized custody. In return, they receive a voucher-like token, enhancing the security and flexibility of asset withdrawal. 🔒💳
Why It Matters: This initiative not only rewards early adopters but also strengthens the confidence in BounceBit’s commitment to user benefits and innovative financial solutions. It’s more than just a token; it’s a passport to optimized liquidity and enhanced investment returns. 🚀
Stay tuned for more updates and continue to be part of a revolutionizing shift in how digital assets are managed and appreciated. Thanks for being an integral part of BounceBit’s community! 🌍💫
Dive into the extraordinary journey of Chris Camillo, a trading titan who turned $20,000 into a jaw-dropping $42 million over 15 years! 📈 His groundbreaking strategy, Social Arbitrage, is revolutionizing the crypto world, and here's how YOU can join the revolution:
1️⃣ Characteristics of Social Arb: Discover the power of understanding market narratives driving crypto movements. 💡 Don't just follow trends, MASTER them!
2️⃣ Finding Trends: Break free from the norm! 🌟 Explore TikTok, Reddit, and beyond to uncover hidden gems in the crypto space. 🚀
3️⃣ Hail Season: Weather the storm with confidence! ⛈️ Keep an eye on industry reports to navigate market downturns like a pro.
4️⃣ The Hunger Games Movie: It's not just about investing; it's about understanding what captures attention. 🎬 Learn from Camillo's Lion Gate success and spot the next big thing before it explodes! 💥
5️⃣ The Importance of Patience: Rome wasn't built in a day, and neither is wealth! ⏳ Practice patience and seize the right moments for maximum gains in the crypto world.
6️⃣ Risk Management: Protect your investments like a pro! 🛡️ Diversify and invest wisely to shield yourself against unforeseen challenges.
Ready to unlock your crypto fortune?
💰💎 Don't miss out on the opportunity to emulate Chris Camillo's success! Start your journey today! 🚀
Binance, a leading cryptocurrency exchange, has unveiled Renzo (EZ) as its 53rd Launchpool project, introducing a novel liquid restacking protocol to the crypto ecosystem. Renzo aims to revolutionize mining activities by allowing users to mine through depositing BNB and FDUSD. Scheduled for launch on April 30, 2024, UTC, Renzo boasts a maximum supply of 10 billion coins, with an initial supply of 1.06 billion coins.
Renzo’s launch mechanism involves staking BNB and FDUSD into separate pools, enabling users to farm EZ tokens over six days starting from April 24, 00:00 (UTC). This process not only facilitates token distribution but also fosters active participation from users, promoting community engagement within the Renzo ecosystem.
Previously, Binance Labs showed its conviction by investing in the Renzo project. The contribution became evidence of trustworthiness in the community. Being the first exchange to list Renzo, Binance will provide trading pairs like REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY.
Are you ready For remarkable opportunity by joining the (REZ) farming initiative on Binance Launchpool?
Key Launchpool information includes: - Token Name: Renzo (REZ) - Max Token Supply: 10,000,000,000 REZ - Launchpool Token Rewards: 250,000,000 REZ (2.5% of max token supply) - Initial Circulating Supply: 1,050,000,000 REZ (10.50% of max token supply) - Smart Contract: ETH - Staking Terms: KYC required - Hourly Hard Cap per User: - 147,569.44 REZ in the #BNB pool - 26,041.67 REZ in the #FDUSD pool
The farming period spans from April 24, 2024, at 00:00 (UTC) to April 29, 2024, at 23:59 (UTC).
I have invested 22K Fdusd. Lets see how much reward we going to be in the end !!
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Do Kwon Appeals Montenegrin Court Decision, Claiming ‘unfounded and Illegal’ InterpretationTerraform Labs co-founder Do Kwon’s legal saga continues with reports of his lawyers filing an appeal against a high court decision that pthe question of his extradition to the United States or South Korea to Montenegro’s justice minister.
According to an April 23 report from Montenegrin news outlet Vijesti, Kwon’s legal team filed an appeal against an April 8 decision from the High Court in Podgorica, which would have allowed Justice Minister Andrej Milović to decide on the Terraform co-founde
Please be cautious about investing in EOS, HIVE, STEEM, NEAR and other networks, as scammers have used customizable addresses to carry out scam on a large scale.😡 Scammers induce you to invest. The address is your Binance nickname or a string composed of Binance ID. This is obviously abnormal and unreasonable. In fact, these addresses are addresses created by the scammers themselves. This means that your “investment” goes into the scammers' wallet. In order to win your trust, the scammers will give you rebates several times, with the purpose of inducing large "investments" and eventually running away with the scam. If you encounter the scam, please report it to Binance promptly. Please also forward this message to anyone who needs it. Thank you for your understanding and cooperation.🙏💪 #StaySafeInTheCryptoWorld#BinanceRiskteam#AntiScamEducation
Price Prediction for Floki as the Price of FLOKI Instantaneously Increases by 15% - Are Whales Buying?
As the cryptocurrency market rises 1% in 24 hours, Floki rose 15% to $0.0001968.
FLOKI has gained 40% in a week and 600% in a year, despite being down 15% in a month.
After Revolut said it will market the FLOKI token, Floki Inu became one of the best-performing main meme currencies of this era.
After a rough few weeks, the market is rebounding now, thus Floki prices may rise shortly.
Floki Price Prediction: Whales Buying After 15% Rise? FLOKI's indications are positive, suggesting the currency may continue to rise.
The token's 30-day average (orange) is still increasing beyond its 200-day average (blue), indicating growth.
FLOKI's RSI is around 60, where it might climb again after the hour's slump.
The coin's resistance (red) and support (green) levels are increasing together, with $0.00020 being the primary resistance. This is bullish.
If Floki breaks this price, additional buyers may join the market and raise its price.
Although there have been no recent whale transfers, FLOKI's volume has increased from $100 million over the weekend to roughly $500 million today, suggesting traders are storing up on the currency.
Revolut's backing for Floki has boosted interest in the token, since 40 million of its clients might become FLOKI holders.
With Coinbase yet to add the token, this is a vote of confidence in the meme currency and a reminder that it may soon be listed.
As optimism grows, the Floki price may climb as the market expects macroeconomic improvements like rate reduction later in the year.
It may hit $0.00025 by summer's end before surpassing its record high ($0.0003365) in 2024's fourth quarter.