#Bitcoin is important and become part of your life in some extent, what fuels bitcoin here are some insights:
Blockchain: At the core of Bitcoin is the blockchain, which is a public ledger that records all transactions made with the cryptocurrency. It's essentially a chain of blocks, where each block contains a list of transactions. This ledger is distributed across a network of computers (nodes), making it decentralized and resistant to tampering.Wallets: To use Bitcoin, individuals need a digital wallet. A wallet is a software application that stores the user's private and public keys. The public key is like a bank account number, which others can use to send you Bitcoins, and the private key is like a password, which is required to access and spend the Bitcoins stored in your wallet.Transactions: When a user wants to send Bitcoin to another user, they create a transaction. This transaction includes the recipient's public key, the amount of Bitcoin being sent, and a digital signature created with the sender's private key. This signature ensures the transaction is secure and legitimate.Mining: Transactions are grouped together into a block by miners. Mining is the process of solving complex mathematical puzzles to validate and add new blocks to the blockchain. Miners compete to solve these puzzles, and the first one to succeed gets to add the next block and is rewarded with newly created Bitcoins and transaction fees from the transactions in that block.Proof of Work: The mining process uses a consensus mechanism called "proof of work." Miners need to show that they've invested computational power to create a new block, which helps secure the network and prevents malicious actors from easily taking control of the blockchain.Confirmations: Once a block is added to the blockchain, the transactions within it are considered confirmed. As more blocks are added to the chain, the security of the transactions increases, and it becomes increasingly difficult to reverse them. Many transactions are considered secure after a few confirmations, which can take anywhere from a few minutes to an hour, depending on the network's congestion and the specific cryptocurrency.Decentralization: Bitcoin's decentralized nature means there is no central authority, like a bank or government, overseeing the network. This makes it resistant to censorship and interference.Scarcity: Bitcoin has a limited supply. There will only ever be 21 million Bitcoins in existence, making it a deflationary digital currency, and this scarcity is built into its code.Security: Bitcoin's security relies on the strength of cryptographic techniques and the distributed nature of the blockchain. As long as a user keeps their private keys secure, their Bitcoin holdings are protected.
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$BTC

#BinanceTournament #BTC #link #etf #bullrunBtc 💥💥💥💥SoFi, an online banking platform, has announced that it is discontinuing its cryptocurrency trading service. Customers were notified of this decision via an email sent on Wednesday morning.The company’s existing crypto customers will have the opportunity to migrate their assets to Blockchain.com, known primarily for its digital wallet services.SoFi, a high-yield savings account provider-cum-investing platform, first offered crypto trading in 2019. Until recently however, it has been managing its operations under a two-year conditional approval granted by the Federal Reserve.The San Francisco-based bank appears to be the first domino to fall following the Fed’s “novel activities supervision program” introduced over the summer. This program imposes stringent requirements on how banks interact with emerging financial technologies, including cryptocurrencies. A SoFi spokesperson said the decision to end SoFi’s crypto services was spurred by the Federal Reserve’s regulatory guidance for its digital asset business following SoFi’s approval as a bank holding company. SoFi found it increasingly unlikely their crypto business would be fully approved after seeing the Fed’s crypto requirements grow more strict over time, the spokesperson said.Read more: SoFi says ‘no assurance’ of meeting Federal Reserve crypto standardsSoFi customers have until Dec. 19 to shuttle funds to Blockchain.com, but state regulations will force some out of their crypto investments entirely. New York residents will be forced to sell all their SoFi crypto, while residents in a smattering of other states including Texas have to sell a set of tokens including DeFi-natives AAVE, COMP, MKR, and UNI. A spokesperson for Blockchain.com said the company saw “tens of thousands” of SoFi customers agree to migrate their crypto to the platform immediately following the announcement. Blockchain.com expects that the majority of SoFi’s crypto clients will choose to migrate, as selling their holdings could result in tax liabilities.Blockchain.com announced a $110 million funding round, the fourth-largest crypto raise in 2023, earlier this month.

The cryptocurrency market is currently buzzing with excitement, hinting at a potential bull run on the horizon. In the last 90 days, we've witnessed impressive growth in high-quality altcoins such as $RUNE , $SOL , $LINK , $KAS, and $TIA, with gains ranging from 2x to 4x. This surge in altcoin value is a significant indicator of the market's positive sentiment.
Bitcoin's Surge: Leading the Charge
Bitcoin (BTC), the flagship cryptocurrency, has led this charge with an over 50% increase in price in the last 90 days. This spike in Bitcoin's value is pivotal, as it often sets the tone for the broader market. The anticipation is building towards a robust market upswing, starting from the first week of January 2024.

Adding to the market's positive sentiment, Bitcoin (BTC) has recently broken out of its major resistance at $38,000 and surged past $40,000 today, signaling a strong upward momentum in the crypto space.
The BTC ETF Rumor: Adding Fuel to the Fire
Adding to the momentum is the rumor about the approval of a Bitcoin ETF in the coming weeks. This development, if it materializes, could significantly boost investor confidence, potentially leading to more capital inflow into the crypto market.
Investment Strategies: Time for Research
Investors are advised to start their research now, identifying narratives that align with their investment strategies. It's crucial to be ready with funding and have entry prices planned. This preparatory phase is essential for capitalizing on the expected bull run.
A Word of Caution: The FTX Factor
However, it's important to approach this potential bull market with caution. Some investors speculate that the current market pump is a result of FTX selling its assets. If true, this could lead to a major correction once FTX liquidates its holdings. Such a development could significantly impact market dynamics.
Risk Management: The Key to Survival
In light of these speculations, investors are urged to stay vigilant and manage their positions with strict stop-loss orders. The volatile nature of the crypto market makes it crucial to have risk management strategies in place. As crypto investments carry high risks, it's vital to be prepared for any market turn that might not align with your positions.
In summary, while the crypto market shows signs of an impending bull run, investors should remain cautious and well-informed. Balancing optimism with a realistic approach toward risk management can help navigate through these potentially lucrative yet uncertain waters. As the market continues to evolve, staying informed and adaptable will be key to success in the crypto investment realm.

$LINK $RUNE $SOL

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