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Imagine waking up one day and thinking it was like any other day. You pick up your smartphone only to encounter a mysterious and confusing phenomenon. You have accidentally received a huge sum of $700 for Bitcoin in your e-wallet, resulting from an astronomical error or miscalculation by a large trader. As soon as you discover that you have 700 Bitcoins in your wallet, a storm of ideas and scenarios begins to swirl in your mind. The huge value of this windfall seems like a fortune by traditional money standards. However, difficult ethical challenges arise.
Solana is a high-performance blockchain platform designed for fast, secure, and scalable decentralized applications (dApps) and crypto projects. Here are some key points and features about Solana:
Scalability: Solana is known for its high throughput and low latency, capable of processing up to 65,000 transactions per second (TPS). This high scalability is achieved through innovative technologies like its Proof of History (PoH) consensus mechanism and Tower BFT consensus algorithm.
Low Transaction Costs: Solana aims to provide cost-effective transactions, with low fees compared to other blockchain networks. This makes it attractive for developers and users looking to interact with the blockchain without incurring high costs.
Ecosystem: Solana has a rapidly growing ecosystem of decentralized applications, decentralized finance (DeFi) projects, non-fungible token (NFT) marketplaces, and more. Some popular projects built on Solana include Serum, Audius, Raydium, and Mango Markets.
Development Tools: Solana offers a range of developer-friendly tools and resources to simplify the creation of dApps on the platform. Developers can leverage programming languages like Rust and JavaScript, Solana Web3.js library, and Solana Studio IDE for building their projects.
Partnerships and Integrations: Solana has garnered significant partnerships with industry giants like Tether (USDT), Chainlink, Serum, and others. These partnerships boost the adoption and utility of the Solana blockchain in various use cases.
SOL Token: The native cryptocurrency of the Solana network is SOL. SOL tokens are used for staking, governing the network, paying transaction fees, and participating in the ecosystem. SOL has seen substantial growth in value and market capitalization, reflecting the increasing interest in the Solana platform.
### Holding Bitcoin: Lessons Learned Since Early 2017
**Popular**
1. **Never trust anyone’s price predictions.** 2. **Don't "diversify" into other crypto ventures; none are truly decentralized.** Everything except Bitcoin is essentially a scam (yes, really), and it's all gambling. The purpose of Bitcoin is not to gamble, but to end modern slavery (fiat currency). 3. **When everyone you know is talking about Bitcoin, you’re at the peak of the bull market.** You’re probably too excited to realize it, but it will be obvious in hindsight. 4. **Don't "trade some altcoins for more Bitcoin."** You’re not that smart, and you're more likely to lose. 5. **DCA (Dollar-Cost Average) into Bitcoin.** Ignore your emotions. Don’t try to time the market. Just stack what you can from each paycheck. 6. **Don't get too excited about Bitcoin;** people will feel like you’re trying to scam them even though you’re just trying to help. 7. **Attend meetups and conferences.** Don’t isolate yourself. Bitcoiners are generally very cool people. 8. **When people ask how to buy Bitcoin, refer them to a Bitcoin-only company.** For example: My cousin bought Bitcoin (on Coinbase) during the bull market, then traded it for Shiba on the same platform and now has lost almost everything. Bitcoin-only companies are the safest option to prevent beginners from making beginner mistakes. 9. **Be on #BitcoinTwitter and Nostr.** Obviously, if you’re reading this, you’re already here... but I didn’t get on Twitter until 2020, and I can tell you that holding Bitcoin feels less lonely when you see a bunch of other people on the platform experiencing the same things as you. 10. **Be skeptical of influencers.** Even me (I’m not a big account, but still). Some are good, some are bad. Even if they have good intentions, their judgment can be clouded by bad incentives. 11. **Stop trying to convince everyone you know that Bitcoin will make everything better (even though it will).** Instead, be a good resource for people who eventually reach out to you about it. .
A red storm hits digital currencies... and Bitcoin falls to this level
Bitcoin fell for the fourth straight session of trading, part of a broader cryptocurrency sell-off that contrasted with recent record highs in global stocks. Bitcoin has fallen as much as 8% in the last 24 hours to its lowest level since February, where it is trading at around $54,000. While other digital currencies, such as Ethereum, XRP, Cardano, Solana, and Binance Coin, suffered greater losses, in some cases exceeding 10%.
Indicators indicate a possible sharp decline in Bitcoin.. Has it reached its peak?
The price of Bitcoin has seen a significant decline over the past few hours, falling by 4% over the past 24 hours to reach $58,526. The price continues to move away from its high of $73,835 on March 14. In the past 30 days, the price of Bitcoin has fallen by $58,388, 15.3%, and has fallen by 13.7% over the past three months. Suggesting that Bitcoin is headed lower in June, this has prompted market analysts to wonder whether the “top of the cycle” has been reached for the leading cryptocurrency.
A famous investor intends to buy this digital currency for a huge amount!
Cryptocurrency mogul Justin Sun has expressed his intention to buy a huge chunk of Bitcoin worth approximately $2.3 billion. Sun made this bold claim at a time when the cryptocurrency markets were witnessing a major panic, especially from the recent large-scale Bitcoin transactions conducted by the German government. Governments seize illicit cryptocurrencies through various operations. They then periodically auction off these digital assets, thus introducing selling pressure into the market
Don't sell your cryptocurrencies now: your stability today is your success tomorrow
In the world of cryptocurrencies, there is no doubt that sharp price fluctuations can be stressful and trigger emotional decisions. You may find yourself looking at your portfolio and thinking about selling everything you own to avoid bigger losses. But before you make that decision, let's consider some reasons why you might want to hold on to your cryptocurrencies even in difficult times.
Really, whoever took short trades based on my signals now has made over $10,000. Why don't you do that??
The current price of $BTC/USDT is $56,982.57, reflecting a decline of 5.58%. The trading range over the past 24 hours is between $56,943.94 and $60,740.20, with a significant trading volume of 48,004.47 BTC and 2.82 billion USDT.
For longer trades, consider entering at the 24-hour low of $56,943.94, targeting a bounce toward $60,740.20.
For short trades, an entry point near the recent high of $60,740.20 may be useful, aiming down towards the support level at $56,943.94.
This approach exploits observed volatility to generate potentially profitable trades. #Write_to_Win#Binance_Championship#Introduction_to_Commercial_Copying#US_Job_Market_Slowdown
How to make $3000 a month in crypto without trading⁉️🔥
If you’re looking to make $3,000 a month in crypto without trading, I have a few strategies that might interest you. Before we dive in, let me assure you that what I’m about to share is completely legal and legitimate. No shady dealings here! First, let's talk about the power of investing in cryptocurrencies. Many people have made significant profits by investing in Bitcoin, Ethereum, and even some altcoins. However, remember that investing always comes with a degree of risk, so it's important to do your research and make an informed decision.
Bitcoin Argentina’s ONG Proposes Crypto Law for Clear Digital Asset Definition
The proposal distinguishes between decentralized crypto-assets and centrally issued ones like USD Coin, subject to specific regulations. The project establishes governance mechanisms and licenses for digital assets, reflecting international standards and FATF recommendations.
The ONG Bitcoin Argentina is advocating for a legal framework that defines cryptocurrencies as digital assets, proposing regulations that facilitate operations within the industry. In response to regulatory changes this year, particularly under President Javier Milei’s administration, which introduced stricter controls, the ONG Bitcoin Argentina unveiled a draft law aimed at providing clarity and security for cryptocurrency users and businesses. The initiative comes amidst calls from industry stakeholders for clearer regulations, prompted by government decisions that sparked criticism and discontent. In a Crypto NEWs Flash post we talked about how the law seeks to establish a secure and transparent environment for cryptocurrency transactions, addressing concerns raised by stakeholders. According to Article 1 of the draft, the law aims to protect the rights of individuals to develop, acquire, possess, operate, and dispose of decentralized cryptocurrencies such as Bitcoin and Ethereum. These assets would be classified separately from traditional financial assets, reinforcing protections for independent users who may or may not utilize centralized exchanges. “All people have the right to develop, acquire, possess, have, operate and dispose of, without restrictions, bitcoin and other decentralized cryptoassets and to develop and operate on decentralized service platforms. The law protects the property and rights over crypto assets,” the text states in its Article 1. The proposal distinguishes between decentralized crypto assets like Bitcoin and Ethereum, which are treated legally as currency without legal tender, and centralized issuance crypto assets like USD Coin (USDC) or Tether (USDT), which would be subject to specific regulations and obligations. Moreover, the initiative outlines governance mechanisms for each digital asset, crucial for managing cryptocurrencies, public trust, and determining their utility, as we have previously detailed in Crypto News Flash. Legal advisor Rosendo Gravanago emphasized the need for a foundational law that provides clear definitions and precise regulations, especially concerning whether these assets should be treated similarly to traditional financial instruments. «The key point is to determine whether we should consider them similar to a traditional financial asset and, if not, what treatment they should receive. It would be necessary to develop a base law that includes more precise and concrete definitions,” said Rosendo Gravanago. Additionally, the draft introduces licensing requirements for centralized assets, with regulatory oversight designated by the Executive Power. This regulatory framework aims to mirror criteria observed in other countries, such as the United States, where judicial decisions have clarified the application of securities laws to certain assets. The proposal designates the National Securities Commission (Comisión Nacional de Valores – CNV) as the regulatory body overseeing crypto assets and establishes a Registry of Service Providers (Registro de proveedores de servicios basados en ellos – PSAV), aligning local regulations with recommendations from the Financial Action Task Force (FATF). Despite some criticism from the Bitcoin community regarding its potential impact on innovation and individual privacy, particularly concerning anti-money laundering and counter-terrorism financing measures, the PSAV registration remains operational with 45 authorized companies, showing minimal disruption to the industry. If enacted, the ONG Bitcoin Argentina’s draft would establish for the first time clear property rights for decentralized cryptocurrency users. Legally distinct from cash or other forms of traditional wealth, these assets would carry their own classification, ensuring clarity on obligations and regulations for digital wallets and service providers alike.
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1.28 Trillion PEPE Exits Binance in Epic Whale Shift In a significant move that has intrigued the cryptocurrency community, major whale activity was observed as 1.28 trillion PEPE tokens exited Binance. This large transaction was reported by Whale Alert, a prominent blockchain tracker that monitors substantial crypto transfers. The transaction involved a colossal 1,286,733,285,955 PEPE tokens, valued at approximately $14,745,963, moving from Binance to an unknown wallet. However, upon closer scrutiny, a detail emerged that added an interesting layer to the narrative. Data from Etherscan suggests that the recipient was none other than a Binance-named address, "Binance 70."
This revelation has led to speculation that the transaction might not be the external transfer it first appeared to be but rather an internal reshuffling of funds by Binance itself. The identification of the receiving address as an internal Binance address adds a bit of clarity, suggesting that the transaction might be part of Binance's routine operations rather than an external withdrawal by a whale investor.
Despite the substantial volume of the transfer, the price of PEPE has experienced a slight decline, down 1.59% in the last 24 hours. This minor dip indicates that the market has not reacted dramatically to the transaction, possibly due to the internal nature of the transfer. PEPE price action Frog-themed meme token PEPE has been experiencing a period of consolidation in recent weeks. After reaching its all-time high of $0.00001722 on May 27, the PEPE price has consolidated, creating a range-bound movement that has kept traders on their toes. Currently, the PEPE token is hovering below the daily SMA 50 at $0.0000126. A break above this level could be significant for PEPE, potentially signaling the start of a new bullish phase. Such a breakout would not only signify an exit from its lower price range at the moment but could also ignite fresh bullish momentum, attracting more buyers into the market. At the time of writing, PEPE was down 1.3% in the last 24 hours to $0.000011.
# Daily profits can be made on Binance with the right approach. Here's a clear strategy to help you make $50 a day: ### Daily trading Day trading requires monitoring the market and executing buys and sells within the same day. To implement this strategy effectively, start with thorough research and analysis. Use technical and fundamental analysis to understand market trends. Choose trading pairs with high liquidity and large daily price fluctuations, such as BTC/USDT or ETH/USDT. Determine entry and exit points using indicators such as the Relative Strength Index (RSI) and MACD.
Inflation refers to the gradual increase in prices of goods and services over time. This means your dollar buys less today than it did yesterday. The Federal Reserve, America's central bank, targets a low and stable inflation rate, around 2% annually. How is Inflation Measured? The Consumer Price Index (CPI) is the primary gauge of inflation in the United States. It reflects the average price change for a basket of goods and services typical American households purchase. The Bureau of Labor Statistics calculates the CPI monthly. Recent Inflation Trends After a period of low inflation, the US experienced a surge in 2021 and 2022, reaching a peak of over 8%. This was attributed to supply chain disruptions and pandemic-related economic stimulus measures. As of May 2024, inflation has moderated to around 3.3%. The Impact of Inflation Inflation can erode purchasing power, reducing the value of your savings. It can also lead to uncertainty and impact business decisions. However, some moderate inflation is considered healthy for economic growth. The Federal Reserve's Role The Federal Reserve combats inflation by raising interest rates, which can slow down borrowing and spending. Conversely, the Fed lowers rates to stimulate the economy during economic downturns. The Future of Inflation in America The future trajectory of inflation in America remains uncertain. The Federal Reserve's monetary policy decisions, global events, and supply chain dynamics will all play a role.
After a rollercoaster 2023, things are looking up for the crypto market. The US Securities and Exchange Commission (SEC) recently approved the listing of spot Bitcoin ETFs from eleven different organisations, including heavyweights like BlackRock and Fidelity. The SEC approval has naturally got retail investors curious about cryptocurrencies. They are now asking: "What do I invest in?" This article delves into the ten most promising cryptocurrencies to invest in 2024. Established titans like Bitcoin and Ether are going to be portfolio mainstays. But rising stars like Solana and Injective are also vying for a piece of the digital future. Prepare yourself, as 2024 promises to be a profitable year for crypto investors.
Top cryptocurrencies to invest in 2024 We take a look at the top coins and tokens to invest in 2024 below.
Bitcoin (BTC) The world’s first cryptocurrency, Bitcoin, has the largest market capitalization. Its established network, limited supply, and growing institutional adoption make it a relatively safe haven in the volatile crypto market. Bitcoin grew by 155% from the start till the end of 2023. These returns are better than anything you'd get from investing in traditional financial assets, albeit at a slightly higher risk. With the impending ETF approval, halving, and potential rate cuts from the US Fed, Bitcoin is poised to reach greater heights in 2024. Ethereum (ETH) Solana (SOL) Cardano (ADA) Polygon (MATIC) Avalanche (AVAX) Polkadot (DOT) Injective (INJ) Uniswap (UNI) Cosmos (ATOM) Conclusion The year 2024 paints a vibrant picture for crypto enthusiasts. With the confluence of bullish signals like the Bitcoin ETF approval, Bitcoin halving, and potential Fed rate cuts, we might witness some explosive growth this year. This isn't a solo show for Bitcoin, though. Altcoins like Solana, Cardano, and Uniswap are carving their own niches, fueled by innovative technology and robust ecosystems. DeFi and NFT landscapes. #BTC☀ #best_scenario #eth #CardanoSurCardanoSurge
Cryptocurrency firm Silvergate fined $63M by US agencies Silvergate also agreed to pay $50M civil penalty
Cryptocurrency services provider Silvergate was fined a total of $63 million by US agencies amid anti-money laundering regulations.
"Silvergate Capital Corporation and Silvergate Bank were fined $43 million for deficiencies in its monitoring of transactions in compliance with anti-money laundering laws," the Federal Reserve said Monday in a statement.
The Department of Financial Protection and Innovation of the State of California, the state supervisor of Silvergate, also imposed a fine of $20 million.
The Securities and Exchange Commission (SEC) separately announced a penalty against Silvergate Capital Corporation.
The SEC said Monday it charged Silvergate Capital, former Chief Executive Officer (CEO), Chief Financial Officer and Chief Risk Officer (CRO) for misleading investors about compliance program, and the company’s losses from expected securities sales following the collapse of another crypto firm FTX.
"At all times, but especially during moments of crises, public companies and their officers must speak truthfully to the investing public," Gurbir S. Grewal, director of the SEC’s Division of Enforcement, said in a separate statement.
Without admitting or denying the allegations, Silvergate agreed to a final judgment ordering it to pay a $50 million civil penalty and imposing a permanent injunction to settle the charges, according to the statement.
Former CEO Alan Lane and former CRO Kathleen Fraher also agreed to pay civil penalties of $1 million and $250,000, respectively.
As part of the 2023 banking crisis in the US, Silvergate Bank, which had significant exposure to cryptocurrencies, abruptly failed in early 2023, after a sharp decline in crypto prices and the collapse of FTX in late 2022.
1 Top Cryptocurrency to Buy Before It Soars 12,000%, According to this CEO
Bitcoin's most fervent supporter didn't shy away on why he thinks the cryptocurrency has plenty of upside.
There are few people who can claim to be bigger fans of Bitcoin (BTC -1.24%) than Michael Saylor. The CEO of MicroStrategy (MSTR -3.35%) has become what could only be described as a Bitcoin evangelist.
Over the last four years his company has embarked on a strategy of replacing all its cash on hand with Bitcoin, and in some instances even taking on debt to buy more Bitcoin. Today, MicroStrategy owns around 1% of the total Bitcoin supply.
To some it may seem absurd to do such a thing, but if all goes to plan, Saylor's decision to pursue the Bitcoin strategy could make him and his company billions -- especially if Bitcoin hits his recent prediction of $8 million per coin, a 12,000% increase from its current price. Here's how, and why, Saylor thinks the world's cryptocurrency can keep up its historic pace.
Saylor calls his shot
Over the weekend, the city of Prague hosted the largest Bitcoin conference in Europe and one of the keynote speakers was none other than Michael Saylor. Titled "21 Rules of HODLing," Saylor's speech elaborated on the do's and don'ts of investing in Bitcoin, some of the lessons he has learned, and of course, a little speculation.
He touched on several points, but the most compelling highlighted the simplicity and role of Bitcoin (and why he thinks the cryptocurrency has what it takes to reach $8 million per coin).
In his eyes, Bitcoin is the premier safe haven asset. Its decentralized and virtually impenetrable network makes Bitcoin immune from manipulation that has become so prevalent in the current financial system.
In other words, not only can holders have confidence that their hard-earned money saved in Bitcoin will be there when they need it, but they will likely be worth more as time marches on. This is because there will only be 21 million Bitcoins created and the rate at which those Bitcoins enter the market is diminishing thanks to the halving