$BTC

The early pupil of the anonymous creator of Bitcoin, Satoshi Nakamoto, Martti Malmi, also known as Sirius, recently revealed more than 250 emails he had exchanged with Satoshi, offering insightful information about the early stages of the cryptocurrency and Satoshi's intentions.

The emails reveal that Satoshi made it clear that Bitcoin is not intended as a means of investment or profit-making. Its actual goal is to develop a peer-to-peer electronic cash system that enables decentralized, safe transactions.

Notably, Satoshi stated, "Bitcoin is a peer-to-peer network based anonymous digital currency," in an email sent on May 3, 2009. Peer-to-peer (P2P) refers to a system in which there is no central authority in charge of creating new money or monitoring transactions. Rather, the network's nodes manage those responsibilities collectively.

The proof-of-work (PoW) consensus algorithm used by Bitcoin is energy-efficient; Satoshi noted that it uses less energy than conventional banking systems. He pointed out that without the assistance of a reliable third party, the PoW algorithm is the only way to enable a peer-to-peer electronic cash system

In order to draw in new users, Satoshi also stressed the significance of designing an intuitive user interface and providing a comprehensive explanation of how Bitcoin functions. He recommended building a website that included a FAQ section and a detailed guide on how to use Bitcoin.

"It would be sweet if there was some way to horn in on a market like that as the official virtual currency gets clamped down on with limitations," wrote Satoshi in an email dated August 24, 2009.

The emails also show that Satoshi was in favor of starting a website where people could exchange Bitcoins for other currencies like euros. He pointed out that this would facilitate users' conversion of Bitcoins into other currencies, increasing accessibility and usability.

That's fantastic; I could probably persuade a donor to send you money, which you could then exchange for euros and distribute using user-friendly channels. Even though I don't want to, I can still conduct an exchange business on my own. On August 24, 2009, Satoshi responded in writing to Malmi's request for a trade.

Notably, since then, Satoshi's vision has changed, leading to the establishment of multiple Bitcoin exchanges and increased usability and adoption. One such exchange, run by Martti Malmi, was first designed with input from Nakamoto and is now known as Bitcoinexchange.com. As an advisor to the exchange at its inception, Nakamoto promoted sensible approaches over auction-based systems, such as fixed exchange rates.

Malmi's disclosures demonstrate Nakamoto's steadfast adherence to the core tenets of Bitcoin, which are decentralization, accessibility, and usability as electronic money. This dedication highlights how Satoshi's vision is still relevant today, even as Bitcoin develops and adjusts to new situations.
#BinanceLaunchpool #bitcoinhalving #bitcoin #BTC #Metaverse

$BNB

Will Binance Burn Fuel To Raise The Price Of BNB To $700? initially appeared on Coinpedia Fintech News.

The 27th quarterly BNB token burn by the BNB Chain was successfully completed by the Binance Foundation on April 24. A total of 1,944,452.51 BNB tokens, worth about $1.17 billion at the time of burn, were burned during this process.

The Auto-Burn formula is used to automatically complete the quarterly Binance burn process. Reducing the total number of BNB tokens in circulation to 100 million is the process' ultimate objective. As of right now, there are 149,532,856 BNB tokens in circulation.

Effect of the BNB Burn on the Price of Binance:

Up until the middle of February, the price of the BNB coin fluctuated in a closed range between $278 and $345.5, exhibiting a neutral trend. This altcoin increased in value by about 110% as market volatility increased, but it was rejected at $635. The price has been moving between $506.5 and $635 in a consolidated range ever since.

TradingView: USDT/BNB

On the plus side, the Binance token has increased by 10.12% over the last 30 days and by 11.43% over the last seven days. Furthermore, the Binance coin price is expected to see strong bullish price action in the coming months, as indicated by its Year-to-Date (YTD) of 94.58%.

A rising green histogram displayed by the technical indicator MACD suggests that there is more buying pressure in the cryptocurrency market. Additionally, the averages show a bullish convergence, indicating a promising future for the price of BNB.

Will the price of Binance Coin Increase Again?

By the next weekend, the price of the BNB coin will test its resistance level of $635 if the bulls keep gaining ground. Furthermore, the Binance token will try to test its previous all-time high (ATH) of $690.9 if the market maintains the price at that level.

On the other hand, the BNB token will lose momentum and drop to test its $569.5 support level if a trend reversal takes place. In addition, the Binance token will plummet and get ready to test its lower support level of $506.5 in the coming weeks if the bears maintain their dominance over the market.
#BinanceLaunchpool #BTC #Metaverse #ETH #BNB⁩

$BTC $ETH

According to Cointelegraph, the regulator in Hong Kong has approved the launch of spot Bitcoin and Ether exchange-traded funds (ETFs), which will be significantly different from their US counterparts starting on April 30.

One of the issuers, ChinaAMC, reported that its spot price for Bitcoin and Ether

ETFs will monitor the performance of the crypto indexes listed on the Chicago Mercantile Exchange. There will be two ways to redeem: fiat money and cryptocurrency funds. Furthermore, the Hong Kong dollar, Chinese yuan, and US dollar will be the three currencies that ChinaAMC's cryptocurrency ETFs are denominated in. The ETF custodians will be the cryptocurrency exchange OSL and investment asset manager BOCI-Prudential.

For issuer Harvest Global, the aforementioned two companies will also custody spot assets in Bitcoin and Ether ETFs. According to Harvest Global staff, BOCI and OSL "effectively solves problems such as excessive margin requirements, price premiums caused by missing short positions, and roll losses, thereby more accurately reflecting the real-time value of Bitcoin and Ethereum."

In the meantime, Bosera Asset Management and Hong Kong-based HashKey Capital will jointly introduce their spot Bitcoin and Ether ETFs. Its staff wrote about the cryptocurrency ETFs' future:

The adoption of the virtual asset spot ETF and the creative implementation of a currency-holding subscription mechanism, which enables investors to directly purchase corresponding ETF shares with Bitcoin and Ethereum, are anticipated to further foster the growth of the virtual asset market in Hong Kong and even Asia and draw in more capital from around the world.

Eric Balchunas, a senior ETF analyst at Bloomberg, stated on April 24 that the management fees for Hong Kong Bitcoin ETFs will vary from 0.3% to 0.99%. Compared to U.S. spot Bitcoin ETFs, where some issuers charge less than 0.25% annually, this is significantly higher. James Seyffart, a Bloomberg analyst, said that "a potential fee war could break out in Hong Kong over these Bitcoin & Ethereum ETFs.

On OSL and HashKey, two regulated cryptocurrency exchanges in Hong Kong, the three ETF issuers will create and redeem ETF shares. Investors will have until 11:00 am local time every day to cash in their shares or withdraw cryptocurrency until 4:00 pm. All issuers will have BOCI Prudential act as their custodian, and market makers will include Virtu Financial, Vivienne Court, and other companies.
#bitcoin #ETH #Metaverse #BinanceLaunchpool

$BTC
You might not wait if you wish to purchase but are holding out for USD 50,000.

It doesn't really matter if you purchase BTC at $66 or $64, as it will cost at least $150,000 and most likely over $200,000 in this bull market.

Observe how most of Square is yelling about the impending collapse and the price of Bitcoin at $55-52-50 or $45k.

Occasionally, they try to persuade you to sell your bitcoin quickly in order to purchase it at a lower price when a drop is about to occur.

However, they will pay $60 for your Bitcoin, and you will have to wait until $50 before paying $80 for it. Keep in mind that the market does not behave as the majority anticipates because the minority can only profit if the majority loses money.

Before the halving, take note of how quickly and forcefully BTC bounced from USD 59 to USD 60k. A lot of people want to purchase BTC at USD 59, and they do so each time it crosses this zone.

Bitcoin falls to 60, bounces, and falls again, landing at 59 following Iran's attack on Israel. Israel answers, and we get back to 59 with a rebound.

Not even the threat of a war with those kind of ramifications could bring the price down any further, so

I think the support level at 59 is solid, and a significant decline in price would require extraordinary circumstances, which is possible but less likely than not.

Since no one can give you 100% certainty or predict the future, you must do your research, invest as much as you can lose, and unfortunately, nothing about cryptocurrency can be certain.

Since it's your money, you will either have to bear the losses or rejoice in the gains.

I hope the best for you.

These are not financial advice; rather, they are my personal views. Use this message however you see fit!
#BinanceLaunchpool #BTC #bitcoin #Metaverse