Billy Markus, famously known as 'Shibetoshi Nakamoto' in the crypto sphere and one of the masterminds behind Dogecoin, recently added a touch of humor to the turbulent cryptocurrency market. In a characteristic move, Markus took to Twitter during a sharp decline in the values of major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), to offer a satirical commentary on the situation.
His tweet, "oh no everything died we are dead," delivered with a hint of sarcasm, aimed to shed light on the tendency of investors to overreact during market downturns. Markus, known for his witty take on market volatility, often employs humor to navigate through the ups and downs of the crypto landscape.
Detailing the recent market crash, Bitcoin witnessed a significant drop from its highs of $70,760 to the current level of $67,490, marking a 7% decline within 24 hours. Similarly, Ethereum experienced a tumble of over 10%, sliding from $3,525 to $3,161 before staging a modest recovery to $3,259. The widespread downturn prompted smaller players to liquidate holdings, resulting in approximately $735 million in cryptocurrency liquidations overnight.
The timing of this market downturn is particularly noteworthy as it coincides with the upcoming Bitcoin halving event scheduled for April 21st. This event, which reduces the production of new bitcoins per block by 50%, typically generates optimism within the crypto community. Despite the recent dip, there is speculation of a potential market correction post-halving, potentially leading to a surge in prices. Dogecoin, among other cryptocurrencies, could benefit from this anticipated upturn.
Markus's lighthearted remark serves as a reminder of the inherent volatility in the crypto market, coupled with his trademark humorous twist. Amidst the uncertainty, his perspective offers a refreshing outlook, injecting a dose of positivity into a landscape often characterized by tumultuous fluctuations. As the community braces for the upcoming halving event, Markus's unique perspective provides a welcome contrast to the usual turbulence, fostering a sense of optimism within the crypto community.
1. #CryptoCrashHumor
2. #HalvingHopes
3. #MarketVolatilityLaughs
4. #ShibetoshiWisdom
5. #CryptocurrencyUpsAndDowns

ONE of the major influences I watch is the relationship between Etherium divided by Bitcoin. Here I can see BTC’s value being swallowed up by ETH, at the same time fiat money is overwhelmingly coming into the market on both these platforms, thus increasing there own values.

Then I can over lay the two additional charts, charting individually with their current value’s against the USD. Now I can see if either of them are under or overvalued.

Okay with this now, I think of what platforms are the new coins/tokens are being developed on ?? This is also where the money is going and thus changes the relationship between who/what is using either BTC or ETH more of ??

Another large factor. What are BTC and ETH used for now and what are they going to be used for the future??

I see ETH being used more in the future 1 - 4 years than BTC. I expect BTC to increase in value only to be slowly swallowed up (percentage wise) by ETH (and other future not yet developed networks) with the new development of new venture coins/tokens built on the ETH network.

There will be new and more efficient networks to come in the future… Of course, technology doesn’t stop. I don’t wait, I do my best to make good decisions and not ever risk large amounts of money in “any” new emerging market.
#BinanceSquareFamily #CryptocurrencyUpsAndDowns #BinanceBlockchainWeek #BNBCHAINFUSION #DigitalCurrencyRevolution
$BTC
$BNB
$ETH

- Next week will mark two years since Ethereum switched to a Proof-of-Stake network, an upgrade known as The Merge. Since then, Ethereum has underperformed Bitcoin by 44%.
1. ETH/BTC is at its lowest level since April 2021 at 0.0425.
2. Ethereum has continued to underperform Bitcoin even after the ETH spot ETF was approved in the US on July 23, and has fallen 18% since then.
3. Ethereum could fall further against Bitcoin as ETH is still above its undervaluation zone. It is estimated that ETH would need to fall to around 0.02 in terms of Bitcoin to enter the undervaluation zone, implying a 50% drop.
- Ethereum’s underperformance appears to be related to its weaker network activity dynamics compared to Bitcoin. One example is Ethereum’s network total transaction fees, which continue to fall compared to Bitcoin. This decline can mostly be attributed to lower transaction fees on Ethereum after the Dencun upgrade. In addition, the relative number of transactions has fallen from a record high of 27 in June 2021 to 11, one of the lowest levels since July 2020.
- Moreover, the supply dynamics are not supportive of ETH. ETH’s total supply has been steadily increasing since early April, shortly after the network’s most recent update, Dencun. The total supply is currently at 120.323 million ETH, the highest level since May 2023.
#Bitcoin #Ethereum #CryptocurrencyUpsAndDowns

- Next week will mark two years since Ethereum switched to a Proof-of-Stake network, an upgrade known as The Merge. Since then, Ethereum has underperformed Bitcoin by 44%.
1. ETH/BTC is at its lowest level since April 2021 at 0.0425.
2. Ethereum has continued to underperform Bitcoin even after the ETH spot ETF was approved in the US on July 23, and has fallen 18% since then.
3. Ethereum could fall further against Bitcoin as ETH is still above its undervaluation zone. It is estimated that ETH would need to fall to around 0.02 in terms of Bitcoin to enter the undervaluation zone, implying a 50% drop.
- Ethereum’s underperformance appears to be related to its weaker network activity dynamics compared to Bitcoin. One example is Ethereum’s network total transaction fees, which continue to fall compared to Bitcoin. This decline can mostly be attributed to lower transaction fees on Ethereum after the Dencun upgrade. In addition, the relative number of transactions has fallen from a record high of 27 in June 2021 to 11, one of the lowest levels since July 2020.
- Moreover, the supply dynamics are not supportive of ETH. ETH’s total supply has been steadily increasing since early April, shortly after the network’s most recent update, Dencun. The total supply is currently at 120.323 million ETH, the highest level since May 2023.
#Bitcoin #etherreum #CryptocurrencyUpsAndDowns

A recent Wall Street Journal investigation reveals the astonishing truth about Tether's USDT:
$190 billion flows through Tether daily, rivaling Visa's transaction volume!
USDT has become a primary tool for circumventing sanctions, with Russia, Venezuela, and Iran using it to bypass restrictions and facilitate deals with China.
Tether is creating a parallel economy, operating beyond the reach of US law enforcement.
But here's the kicker: despite claims of compliance, Tether only blocks a tiny fraction of "dirty USDT" - just enough to maintain a veneer of legitimacy.
Are we witnessing the rise of a shadow financial system?
Share your thoughts!
#tetherUsdt #USDT。 #sanctions #CryptocurrencyUpsAndDowns #Regulation

Earning free cryptocurrency has become increasingly appealing in 2024. Various ways to earn free crypto include:

* Airdrops
Crypto airdrops involve distributing free tokens to users, typically as part of a promotional campaign. They are an ideal way to earn free crypto for those who do not want to invest a significant chunk of their earnings in digital assets.

* Staking
Staking is the practice of keeping a specific quantity of cryptocurrency in a wallet to maintain a blockchain network’s security and functionality. Participants receive prizes in exchange. Staking is frequently linked to consensus procedures like proof-of-stake (PoS).

* Crypto faucets
These online services give users free or minimal amounts of cryptocurrency in return for doing easy activities. These websites take their name from the idea of water faucets dripping water, “dripping” little amounts of altcoins, or cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), or others. Users usually have to register and finish some tasks.

* Learn and earn
The following platforms provide incentives for learning about cryptocurrency:
1. Coinbase Earn 2. CoinMarketCap Earn 3. Gemini Earn 4. Kraken Learn 5. Binance Academy

* Play-To-Earn (P2E) games
The idea of “play-to-earn” (P2E) gaming allows users to earn cryptocurrencies while engaging in video games.
Eg. Decentraland, Axie Infinity, Sandbox

* Referral programs
Binance
When the referee completes trades, Binance offers referral benefits in a variety of cryptocurrencies, including BNB, BTC, and more., Coinbase, BlockFi, etc
Coinbase
Provides Bitcoin referral fees to both the referrer and the referee
upon the referee’s completion of an eligible purchase or exchange.
BlockFi
When a referee puts a specific quantity of cryptocurrency into their
BlockFi account, BlockFi offers referral benefits in Bitcoin for both
parties.

* Crypto cashback and savings accounts
Platforms such as crypto cashback provide incentives in cryptocurrencies for regular purchases. The site allows users to attach their credit or debit cards, record transactions and rewards them with cryptocurrency rather than conventional cashback.

* Mining
Various Methods To Mine Cryptocurrencies

Solo mining: Miners work independently to validate blocks on a blockchain, receiving full rewards but facing low probability due to high competition.

Pool mining: Miners join pools to combine computational power, sharing rewards based on contributions, and offering more consistent returns.

Cloud Mining: Miners rent computing power from remote data centers, avoiding hardware costs but facing potential scams and reduced profitability.

NB: Successful mining often requires specialized hardware like ASICs for Bitcoin or GPUs for Ethereum

* Bug bounties
Crypto projects need bug bounty programs to be secure. To participate, you must possess a strong cybersecurity skill set, including the ability to recognize vulnerabilities like SQL injection and cross-site scripting.

* Testnets
By taking part in testnets, where new protocols or decentralized apps (dApps) are tested before launch, users can receive incentives. Contributions from testnet users include functionality testing, problem reporting, and feedback.

#BTC #etherreum #NOTCOİN #CryptocurrencyUpsAndDowns #BTCchart

Donald Trump Declares Himself the "Crypto President": The Dawn of the First Crypto Election?
In a surprising turn at a San Francisco tech fundraiser, Donald Trump has proclaimed himself the "Crypto President," sparking speculation that the 2024 presidential race might become the first "crypto election." This marks a significant shift for Trump, who previously voiced skepticism about cryptocurrencies.

Trump's new stance suggests that digital currencies and blockchain technology will be central to his campaign. This could lead to substantial changes in policy and regulatory frameworks, aiming to foster innovation while addressing security and fraud concerns. Trump may propose tax incentives for crypto businesses and clear guidelines for Initial Coin Offerings (ICOs).
Campaign financing could also see a shift, with candidates potentially accepting Bitcoin and other cryptocurrencies. This move might attract donations from tech-savvy voters and crypto enthusiasts, providing a new funding stream for campaigns.
Another intriguing possibility is the use of blockchain technology for secure and transparent voting, though this idea faces significant logistical and security challenges.

The economic implications of cryptocurrencies could become a hot topic, with debates about their impact on traditional banking, financial stability, and the U.S. dollar's role as the world’s reserve currency. Candidates might outline their visions for maintaining U.S. leadership in global tech innovation, including policies to support research and development in the crypto space.
Trump's embrace of crypto could accelerate blockchain adoption across various sectors, potentially driving innovation and economic growth. However, integrating cryptocurrencies into mainstream politics also requires careful regulatory balancing to prevent fraud and ensure consumer protection.

As the 2024 election unfolds, Trump's bold declaration has added a new dimension to the race. Whether this will truly be the first "crypto election" remains to be seen, but the increasing focus on digital currencies and blockchain technology is set to shape the campaign significantly.
#CryptoNewsUSA #CryptocurrencyUpsAndDowns