🇳🇬 Internet Computer Protocol promotes blockchain engagement in Africa 🇳🇬 ICP’s DecaHack event highlighted the transformative potential of blockchain and the importance of nurturing talent in the sector. 💎 Nigerian youths have been urged to actively engage with blockchain technology to enhance their global competitiveness. 📣 Adedayo Adebajo, co-founder of ICP Hub Sahara — an official branch of the Internet Computer Protocol ecosystem — highlighted the importance of engaging with blockchain technology during the second DecaHack cohort held at the University of Ibadan (UI) in Oyo State. DecaHack is an ICP-run initiative that offers online blockchain boot camps, a hackathon and a stage pitch competition for prizes. #Write2Earn! #BinanceTurns7 #NigerianTraders
Michael Saylor calls on Germany not to sell bitcoins MicroStrategy founder Michael Saylor wrote a post in X in German, in which he asked not to sell the first cryptocurrency. The publication comes after it was reported that the German Criminal Police Department and the General Prosecutor's Office sold all 49,860 BTC, worth about $2.9 billion, confiscated from the pirate portal Movie2k in January. The assets seized by the Saxony Police Department were stored in the wallet of the German Federal Criminal Police Office (BKA). Regional legislation provides for the liquidation of seized funds within a certain period. With this, co-founder and CEO of Blockchain Research Lab Lennart Ante explained the sales of bitcoins by the authorities, which began with small amounts on June 19. #Write2Earn! #BinanceEarnProgram
Trading is a shallow manic depressive career so make sure the screens don’t become your life as overstimulation can lead to analysis paralysis. 🫥
What are your some of your best trades away from the screens?
Believe it or not, those are my best trades.
They weren’t always. I was overweight trading and underweight LIFE for too long. Substituting things for experiences while having a shitty relationship with time. ⌛️ 🤮
After 8 years of trading balance has become my priority because it’s a rarity in the industry.
Binance founder Changpeng Zhao, who pleaded guilty to money laundering violations in November, was sentenced to four months in prison on Tuesday. U.S. prosecutors had recommended a 36-month sentence for Zhao. The crypto billionaire stepped down as Binance's CEO as part of his agreement with the Justice Department. Changpeng Zhao, former CEO of Binance, arrives at federal court in Seattle, Washington, April 30, 2024. Changpeng Zhao, former CEO of Binance, arrives at federal court in Seattle, Washington, April 30, 2024. David Ryder | Bloomberg | Getty Images Binance's billionaire founder Changpeng Zhao was sentenced to four months in prison on Tuesday, after pleading guilty to charges of enabling money laundering at his crypto exchange.
"You had the wherewithal, the finance capabilities, and the people power to make sure that every single regulation had to be complied with, and so you failed at that opportunity," U.S. District Judge Richard Jones said to Zhao in a Seattle federal court, according to a Reuters report.
We have recently received feedback from several Italian users who have been scammed. We are sharing their experiences here in the hope of raising awareness about this scam to prevent further victims. Below is an account from one of the victims: "The scammer impersonated Binance support. After receiving a message informing me that someone was attempting a transaction, I received a call from him saying the same. He informed me that someone was attempting a transaction and, as he had my Anti-phishing code, I believed he was Binance support. I thought he was genuine because I was receiving emails containing my Anti-phishing code. He then transferred all my funds away." The scam typically begins with the perpetrator sending a text message containing a phishing link to the victim. Upon clicking the link, the victim is prompted to enter their account information (at this point, the attacker is stealing the victim's account information). As the victim enters the SMS/email verification code, the scammer is in the process of withdrawing funds. Thus, when the victim receives the withdrawal confirmation email, the scammer contacts them by phone, claiming to have detected a withdrawal from their account. We often assume that scammers wouldn't inform us if they were withdrawing funds from our accounts, and it is precisely this trust that the scammer exploits. Don't trust unknown links! Verify it through https://www.binance.com/en/official-verification. Binance must educate people on how to contact live support in cases of emergency to detect fraud on time and arrest scammers. Cryptocurrency usage isn't dangerous. What we need is a secure platform to educate us on the security needful to protect us from any scam. The first sign of a scam is the site with typos. I hope they didn't lose much and come back to crypto. #ScamRiskWarning #ScamRiskWarning
Predict the prize to win 🏆 FDUSD everyone. Join the BTC halving challenge to unlock fdusd in vouchers. Y’all go predict the price of btc for this halving and thank me later. #bitcoinhalving #BTCHalvingApril2024
The Solana team will make fixes to combat network congestion
Solana developers are looking for solutions to combat network congestion, but it will take time. This was announced by Solana Labs co-founder Anatoly Yakovenko.
In February, a team of experts led by journalist Colin Wu concluded that the network's intermittent outages were due to its inability to cope with the growing volume of transactions. On February 6, the protocol did not process blocks for almost five hours, and this incident is not the first in recent years. #sharetowin #write2earn🌐💹 $SOL
Grayscale’s slice of the Bitcoin ETF pie has fallen below 50% for the first time since it was converted alongside the launch of nine new ETFs in January.
💻 Crypto asset manager Grayscale’s spot Bitcoin exchange-traded fund (ETF) has fallen below 50% market share for the first time since spot Bitcoin ETFs began trading in the United States on Jan. 11.
💼 As of March 12, the total assets under management (AUM) in the Grayscale Bitcoin Trust (GBTC) slumped to $28.5 billion — with Grayscale now accounting for 48.9% of the total $56.7 billion held between ten U.S. Bitcoin ETFs, according to Dune Analytics data. #BTC🔥🔥🔥🔥 w
🧑💻 Hackers took over the official MicroStrategy X account, posting a series of malicious links to a fake airdrop for a so-called Ethereum-based MSTR token.
Business intelligence firm MicroStrategy’s X account has been hacked, posting malicious links to a fake airdrop of a so-called “official” Ethereum-based MSTR token.
💸 A user clicking on the link is directed to a copycat MicroStrategy webpage that directs them to connect a wallet and claim the fake MSTR airdrop. Once users accept a series of permissions in their Web3 wallet, it is understood that the attackers can automatically drain the tokens out of the user’s wallet.
According to independent blockchain sleuth ZachXBT and anti-scam platform Scam Sniffer, losses incurred from the scam have already tallied over $440,000. #BTC #Write2Eam #TrendingTopic
💡 Vitalik Buterin floats 5 designs to decrease Ethereum max block size 💡
The solutions floated by Buterin and the Ethereum Foundation revolve around increasing the cost of calldata and raising block gas limits.
🏆 Ethereum co-founder Vitalik Buterin and the Ethereum Foundation are considering at least five ways to reduce Ethereum’s maximum block size in hopes of optimizing the blockchain for a “rollup-centric roadmap.”
📆 On Feb. 5, Buterin and Ethereum Foundation researcher Toni Wahrstätter said that with the focus on rollups in the medium and long term, it is argued that the way block space is used is not yet optimized, noting that effective block size has essentially doubled over the past 12 months.
“This might be a result of more and more rollups starting to use Ethereum for DA and trends like Inscriptions,” explained Buterin and Wahrstätter #Write2Earn #Write2Earn
Binance froze $4.2 million worth of XRP tokens stolen from Ripple co-founder
Cryptocurrency exchange Binance has frozen $4.2 million in XRP tokens associated with the hacking of the personal wallet of Ripple co-founder Chris Larsen.
On January 31, on-chain researcher ZachXBT drew attention to suspicious transactions and suggested that hackers stole ~213 million XRP worth $112.5 million from Ripple.
Larsen stated that we are talking about his personal funds. According to him, a day earlier, unknown persons gained unauthorized access to several personal accounts. He noted that it was possible to quickly identify the problem, notify trading platforms of the need to block assets and involve law enforcement officers in the investigation.
Binance CEO Richard Teng thanked ZachXBT and the Ripple team for coordinating efforts to track the stolen tokens. He assured that exchange specialists will continue to monitor the assets remaining in the criminals’ wallets. #SOLUSDT! #Write2Earn #XRPHACKED
📣 Nasdaq, Cboe apply to offer BTC ETF options trading, receive fast response 📣
Options are “the next logical step” for BTC ETF trading and could begin by the end of February, according to an analyst.
📆 On Jan. 19, the United States Securities and Exchange Commission (SEC) acknowledged Nasdaq and the Cboe’s proposals to begin options trading on Bitcoin exchange-traded funds (ETFs).
Nasdaq filed for a rule change to list and trade options on BlackRock’s iShares Bitcoin Trust. The Cboe applied to trade options on “ETPs [exchange-traded products] that Hold Bitcoin.” Cboe launched six of the 10 BTC ETFs recently approved by the SEC.
🚀 BTC ETFs began trading on the Nasdaq and Cboe on Jan. 11 after receiving approval from the SEC a day earlier. Cboe executive vice president Catherine Clay told CNBC on Jan. 18 that the exchange was seeing “good inflows” into the BTC ETFs, which continued to track the price of BTC “as expected.” #Write2Earn #writetoearn
📈 $100,000 BTC? Don’t undervalue Bitcoin ETF influence, says Adam Back 📉
Resolving recent systemic failures in the cryptocurrency ecosystem and the prospect of spot Bitcoin ETF approvals could drive Bitcoin to $100,000 in 2024.
🚀 The COVID-19 pandemic, rampant inflation and regional conflicts directly influenced Bitcoin’s drop in value over the past two years. However, 2024 promises to be a resurgent period, according to Blockstream CEO Adam Back.
The cryptographer, who pioneered the proof-of-work algorithm applied in Bitcoin's protocol, tells that the preeminent cryptocurrency is trailing below the historical price trend line of previous mining reward-halving events.
🧑💻“Biblical” events hurt Bitcoin Back weighed in on the potential price action of Bitcoin as the next halving, which will see Bitcoin miners' block reward reduced by 6.25 BTC to 3.125 BTC, looms in April 2024. Block rewards halvings are programmatically hardwired into Bitcoin’s code, taking place after every 210,000 blocks are mined. #btcbear #BTC
The co-founder of Binance confirmed plans to transform the crypto exchange
Bitcoin exchange Binance will open its headquarters and create a board of directors “as soon as possible.” This was stated by the co-founder of the company He Yi.
Previously, the new CEO of Binance, Richard Teng, promised to transform the cryptocurrency exchange and introduce a traditional corporate structure. The latter presupposes a board of directors, headquarters and financial transparency, he said.
On November 21, Teng took over as CEO of Binance instead of company founder Changpeng Zhao (CZ), who left the post as part of a deal with the US Department of Justice. The platform also agreed to pay $4.3 billion in fines. #BTC
📈 Bitcoin market cap overtakes Berkshire Hathaway, soars past $800B 📉
Bitcoin is now the 10th biggest asset by market cap, following Meta Platforms (formerly Facebook) and Nvidia.
🚀 Bitcoin, the original cryptocurrency, is gaining momentum versus global big-cap stocks as it overtakes the market value of American conglomerate holding company Berkshire Hathaway. BTC market cap has risen above $800 billion on Dec. 4, after nudging past billionaire investor Warren Buffet's company on Dec. 3.
As Bitcoin surged past $40,000 over the weekend, the market capitalization of the cryptocurrency rose to above $780 billion, just beating Berkshire Hathaway’s $779 billion on Dec. 3.
✅ Berkshire Hathaway’s class A (BRK.A) stock closed the market at $542 on Dec. 1, with a market capitalization of $779 billion, according to data from TradingView. The stock has seen a slight decline recently, slipping around 1.3% over the past five days. Despite the recent drop, Berkshire Hathaway is still up 4.7% over the past 30 days and 14.7% year to date (YTD).
The volatility of BRK.A is nowhere near that of Bitcoin, which surged 20% over the past month and almost 150% YTD, according to data from CoinGecko. The cryptocurrency has been steadily hitting multi-month highs recently, surpassing $41,000 on Dec. 4 for the first time since April 2022. #BTC
💰 Bitcoin's top of funnel is becoming less noisy, suggests Swan Bitcoin CEO 💰
According to Swan Bitcoin CEO Cory Klippsten, Bitcoin ETFs are set to replace the chaotic entry points tainted by flashy crypto marketing campaigns since 2017.
✅ Swan Bitcoin CEO Cory Klippsten has suggested that spot Bitcoin exchange-traded funds (ETF) will suppress the loud and flashy marketing strategies that have served as the initial gateway for many into the crypto space since 2017.
During a recent interview with Bloomberg on December 1, Klippsten reiterated that Bitcoin ETFs offer an alternative entry into the market at a time when it has been tainted by well-funded crypto marketing schemes:
💭 “The past six years from 2017 through 2023, the top of the funnel for people looking to get into Bitcoin has been extremely noisy, polluted by all of the crypto marketing schemes funded by $50 billion of venture capital, trying to essentially market and dump crypto tokens.”
Matrixport confirmed the forecast for Bitcoin growth to $63,000 by April 2024
Digital gold will rise in price to $63,140 by April 2024 and to $125,000 by the end of the next calendar year. Such estimates were confirmed by Matrixport analysts.
The experts relied on the scenario for the continuation of the fifth bull market, taking into account “geopolitical, monetary and macroeconomic factors.”
According to their calculations, the 2014 bear market (-58%) was followed by three years of bull market, and the 2018 bear market (-72%) was again followed by positive dynamics over the next three years.
In anticipation of a repeat of the cyclical pattern after a 65% decline in 2022, analysts expect the price of the first cryptocurrency to rise in 2023–2025. At the same time, by the end of this year they predict a price increase of 123%. #BTC