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It is said that the price of bitcoin has experienced the strongest first half of a year since 2019, nearly doubling in value since the start of 2023.
The world’s leading cryptocurrency reached above $31,000 this week, up from $16,000 in January, pushing its market cap above $600 million for the first time in more than a year.
Some crypto analysts suggest the approaching ‘halving’ event, which will see bitcoin mining rewards drop by 50 per cent, could be one factor behind the cryptocurrency’s positive price trend.
Bitcoin’s halving takes place roughly every four years, with the crypto’s price cycles viewed by many traders and investors as being intrinsically link to the event. Sometimes referred to as “the halvening”, the seismic event is built-in to bitcoin’s technological foundations, and is aimed at making the digital currency anti-inflationary by reducing its supply.
“The months prior to the halving have historically seen the start of a bullish trend for the market, hence the market participants are carefully looking at the second half of 2023,” Matteo Greco, a research analyst at the fintech investment firm Fineqia International, told The Independent. #BTC #cryto2023 $BTC $ETH #BTC🔥🔥
It is said that the price of bitcoin has experienced the strongest first half of a year since 2019, nearly doubling in value since the start of 2023.
The world’s leading cryptocurrency reached above $31,000 this week, up from $16,000 in January, pushing its market cap above $600 million for the first time in more than a year.
Some crypto analysts suggest the approaching ‘halving’ event, which will see bitcoin mining rewards drop by 50 per cent, could be one factor behind the cryptocurrency’s positive price trend.
Bitcoin’s halving takes place roughly every four years, with the crypto’s price cycles viewed by many traders and investors as being intrinsically link to the event. Sometimes referred to as “the halvening”, the seismic event is built-in to bitcoin’s technological foundations, and is aimed at making the digital currency anti-inflationary by reducing its supply.
“The months prior to the halving have historically seen the start of a bullish trend for the market, hence the market participants are carefully looking at the second half of 2023,” Matteo Greco, a research analyst at the fintech investment firm Fineqia International, told The Independent. #BTC #cryto2023 $BTC $ETH #BTC🔥🔥
UK Parliamentary Committee urges further evaluation of digital pound benefits, risks
Previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy
Despite this, the committee expressed concerns, questioning whether the benefits would ultimately outweigh the risks
The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to conduct additional consultation to assess the advantages of introducing a digital pound.
The House of Commons Treasury Committee report revealed significant costs incurred by the Bank of England and Treasury in the groundwork and tests for the CBDC. It recommended improved transparency through a separate line item in annual reports from 2024, emphasizing the need to control costs for a project that may not materialize.
While the previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy, the committee expressed concerns about the significant investment required for an official launch. It also questioned whether the benefits would ultimately outweigh the risks.
Lastly, the committee advised England's central bank to be cautious about overstating the digital pound's capabilities and to ensure it doesn't worsen existing financial exclusion issues.
#cryptoexpert@Ksrawat #Bitcoin.rose.back.above #cryto2023 #TradingMastery
Previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy
Despite this, the committee expressed concerns, questioning whether the benefits would ultimately outweigh the risks
The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to conduct additional consultation to assess the advantages of introducing a digital pound.
The House of Commons Treasury Committee report revealed significant costs incurred by the Bank of England and Treasury in the groundwork and tests for the CBDC. It recommended improved transparency through a separate line item in annual reports from 2024, emphasizing the need to control costs for a project that may not materialize.
While the previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy, the committee expressed concerns about the significant investment required for an official launch. It also questioned whether the benefits would ultimately outweigh the risks.
Lastly, the committee advised England's central bank to be cautious about overstating the digital pound's capabilities and to ensure it doesn't worsen existing financial exclusion issues.
#cryptoexpert@Ksrawat #Bitcoin.rose.back.above #cryto2023 #TradingMastery
During its six-month presidency, Belgium's Digital Minister Mathieu Michel plans to gather political support for an EU-wide blockchain initiative.
#BTC #cryto2023
#BTC #cryto2023
🔥FREE $Block AirDrop🔥
1. Open the link below to begin.
-----shorturl.at/hjoK9-----
2. Link your ETH Metamask wallet under the airdrop section.
3. Perform easy tasks like following X accounts, joining the telegram group, and completing game challenges to earn points.
4. At the end of each week, points are converted and allocated as $Block tokens.
--The points gotten from perfoming tasks can also be exchanged for USDC immediately if you please.
#TrendingTopic #airdrop #AirdropAlerts #cryto2023 #Free_Airdrops
I genuinely wish you success. Follow me to stay updated for more information🧭
1. Open the link below to begin.
-----shorturl.at/hjoK9-----
2. Link your ETH Metamask wallet under the airdrop section.
3. Perform easy tasks like following X accounts, joining the telegram group, and completing game challenges to earn points.
4. At the end of each week, points are converted and allocated as $Block tokens.
--The points gotten from perfoming tasks can also be exchanged for USDC immediately if you please.
#TrendingTopic #airdrop #AirdropAlerts #cryto2023 #Free_Airdrops
I genuinely wish you success. Follow me to stay updated for more information🧭
Century Coinomics: Understanding ISLM and Staking on HAQQ Network
Assalamu allaikum and greetings fellow crypto enthusiasts and Islamic Coin Maxis! Today, we're diving into the dynamics of ISLM's supply, distribution, and the power of staking on HAQQ Network.
What is Staking?
Staking involves locking your ISLM coins by bonding them to validators. These validators maintain the HAQQ Network, and by bonding your coins, you delegate voting power to validators. This also turns you into a delegator, granting you the ability to earn rewards and participate in network governance through the Tendermint BFT consensus mechanism.
The Mainnet Launch and Minting
Upon HAQQ Mainnet launch, new coin minting is temporarily halted. This is part of a strategy called Proof of Authority consensus, where the Core Team controls a limited set of validators. This approach ensures proper testing of Century Coinomics and familiarizes the HAQQ community with staking and validator operation.
The HAQQ public Testnet, however, will be launched with Proof of Stake and minting enabled. After evaluation and stability confirmation, minting will be activated on the Mainnet. This expansion also involves transitioning from the Core Team's restricted validator set to an open set.
$ISLM Distribution and Supply
As minting resumes, every block generates new ISLM coins along with collected gas fees. These are distributed among validators, delegators, and the Evergreen DAO:
- 10% goes to Evergreen DAO
- 1% to 5% benefits a block proposer and its delegators
- The remainder is proportionally divided among bonded validators and their delegators.
Delegator rewards are based on the amount of their delegation relative to the total, including the validator's self-delegation.
ISLM Supply and Era
The supply of ISLM is capped at 100 billion coins. Each Era, which spans 2 years, sees a 5% reduction in emission rate. Emission stops 100 years from the first block of the first Era. The initial Era mints 4.33% of coins, followed by 4.12%, and the 9th Era sees 2.87% minted. Over 50% of the total supply is minted by the 9th Era's end, including the initial 20 billion supply. The 50th Era concludes with 100% (100 billion ISLM) minted.
Initial Supply Breakdown
The initial 20 billion supply breakdown:
- 2 billion for the Evergreen Foundation
- 5.5 billion for Partners (boards, initial supporters, promoters, market makers)
- 4 billion for Initial Private Sale to qualified investors
- 5.5 billion for Business reserve and ecosystem development fund
- 3 billion for Founders Reward
Coins dedicated to the Evergreen DAO remain
locked until deployment on Mainnet #BTC #USTC #cryto2023 #crytocurrency
What is Staking?
Staking involves locking your ISLM coins by bonding them to validators. These validators maintain the HAQQ Network, and by bonding your coins, you delegate voting power to validators. This also turns you into a delegator, granting you the ability to earn rewards and participate in network governance through the Tendermint BFT consensus mechanism.
The Mainnet Launch and Minting
Upon HAQQ Mainnet launch, new coin minting is temporarily halted. This is part of a strategy called Proof of Authority consensus, where the Core Team controls a limited set of validators. This approach ensures proper testing of Century Coinomics and familiarizes the HAQQ community with staking and validator operation.
The HAQQ public Testnet, however, will be launched with Proof of Stake and minting enabled. After evaluation and stability confirmation, minting will be activated on the Mainnet. This expansion also involves transitioning from the Core Team's restricted validator set to an open set.
$ISLM Distribution and Supply
As minting resumes, every block generates new ISLM coins along with collected gas fees. These are distributed among validators, delegators, and the Evergreen DAO:
- 10% goes to Evergreen DAO
- 1% to 5% benefits a block proposer and its delegators
- The remainder is proportionally divided among bonded validators and their delegators.
Delegator rewards are based on the amount of their delegation relative to the total, including the validator's self-delegation.
ISLM Supply and Era
The supply of ISLM is capped at 100 billion coins. Each Era, which spans 2 years, sees a 5% reduction in emission rate. Emission stops 100 years from the first block of the first Era. The initial Era mints 4.33% of coins, followed by 4.12%, and the 9th Era sees 2.87% minted. Over 50% of the total supply is minted by the 9th Era's end, including the initial 20 billion supply. The 50th Era concludes with 100% (100 billion ISLM) minted.
Initial Supply Breakdown
The initial 20 billion supply breakdown:
- 2 billion for the Evergreen Foundation
- 5.5 billion for Partners (boards, initial supporters, promoters, market makers)
- 4 billion for Initial Private Sale to qualified investors
- 5.5 billion for Business reserve and ecosystem development fund
- 3 billion for Founders Reward
Coins dedicated to the Evergreen DAO remain
locked until deployment on Mainnet #BTC #USTC #cryto2023 #crytocurrency
BTC Closed Monthly Candle Very Bullish which is usually the case in October but now lets see what November has to offer. BTC still stuck below the Monthly resistance range till 37k and once BTC clears this level then it can easily hunt Buy Side Liquidity around 40k - 45k. However there is still unmitigated liquidity below 24.8k -19.5k since the beginning of 2023. Trust me Market Algorithms never leave the liquidity behind for long.
So Plan is simple if BTC corrects and accepted below 30500 then we may see the unmitigated liquidity around 24.8k - 19.5k gets mitigated otherwise 40k -44k coming. $BTC
#BTC #cryto2023
So Plan is simple if BTC corrects and accepted below 30500 then we may see the unmitigated liquidity around 24.8k - 19.5k gets mitigated otherwise 40k -44k coming. $BTC
#BTC #cryto2023
4 THINGS YOU NEED TO QUIT TODAY IF YOU WANNA BECOME THE NEXT CRYPTO MILLIONAIRE ❌❌❌
No1. you need to QUIT TRADING if you don't have the skills and knowledge, long term investing has made alot of billionaire, focus more on investing in tiny crypto before their major listing 📈📉
No2. STOP RISKING/INVESTING more than you can afford to loss 💔
No3. NOT DOING RESEARCH, you need to trust yourself to make the best investment not anyone ✅👍
No4. STOP USING HIGH LEVERAGE, the most successful investors are the patient ones 🤯🤯
follow me for more educative and crypto updates ✅✅✅
#cryto2023 #BTC #ALT #TrendingTopic #JUP
No1. you need to QUIT TRADING if you don't have the skills and knowledge, long term investing has made alot of billionaire, focus more on investing in tiny crypto before their major listing 📈📉
No2. STOP RISKING/INVESTING more than you can afford to loss 💔
No3. NOT DOING RESEARCH, you need to trust yourself to make the best investment not anyone ✅👍
No4. STOP USING HIGH LEVERAGE, the most successful investors are the patient ones 🤯🤯
follow me for more educative and crypto updates ✅✅✅
#cryto2023 #BTC #ALT #TrendingTopic #JUP