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Crypto was "over" many times: 2014: Mt. Gox collapse 2022: Luna collapse, FTX collapse 2024: Germany, Mt. Gox, more to come But after these manipulations, the real bull run began. 🧵: How market makers manipulate the market and how not to fall for it 👇

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AXL Experiences Short-Term Rise, Reaching Above $0.61 According to BlockBeats, on July 6th, AXL, a popular cryptocurrency, saw a short-term increase in its value, reaching above $0.61. The current price stands at $0.606, marking a significant 24-hour increase of 23.78%. This surge in AXL's value is a notable event in the cryptocurrency market, which is known for its volatility. The 23.78% increase in a 24-hour period is a substantial rise, reflecting the dynamic nature of the market. It's important to note that while this short-term rise is significant, the cryptocurrency market is inherently unpredictable, and prices can fluctuate widely in a short period. Investors and traders are advised to keep a close eye on market trends and make informed decisions. #AXL $AXL

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The story of Mt. Gox and the impact of the compensation process on Bitcoin's price is quite intriguing. Here's a comprehensive analysis: History of Mt. Gox - **2007:** Mt. Gox was created as a platform for trading Magic: The Gathering cards. - **2010:** It transformed into a Bitcoin trading platform, becoming one of the first and largest exchanges. - **2014:** The exchange declared bankruptcy after a series of hacks that resulted in the loss of approximately 940,000 BTC. - **2024:** The compensation process for users began after recovering about 141,868 BTC and some Bitcoin Cash following the 2017 hard fork. Impact of the Compensation Process on Bitcoin Price - **Total BTC to be distributed:** 141,868 BTC. - **Options available:** Users can receive their coins early with a 10-11% discount. - **Expectations:** It is estimated that 75% of users will opt for early conversion, making the available number 94,697 BTC. Distribution of Coins and Sales Impact 1. **Liquidation rights companies:** 20,000 BTC 2. **Bitcoinica users:** 10,000 BTC 3. **Individual users:** 64,697 BTC Analyzing User Behavior - **Individual users (around 20,000 people):** Each will receive an average of 3.23 BTC (approximately $180,000). - **Sales expectations:** Many individuals are unlikely to sell the entire amount to avoid a hefty tax. Experts predict that only about 10% will be sold, which means roughly 6,500 BTC. Comparison to Daily Trading Volume - Considering the daily trading volume of Bitcoin, selling 6,500 BTC represents only about 6%, which might mitigate the impact on the price. Larger Impact on Bitcoin Cash - **Logically:** Many users might sell their BCH to secure liquidity before selling Bitcoin, as BCH might be considered more like an airdrop. While the compensation process might create some selling pressure on Bitcoin's price, the expected impact is not substantial given the current market size. The larger effect is likely to be seen on Bitcoin Cash.

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Which #memecoin has strong community? $FLOKI #BABYDOGE #SHIPE

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According to Odaily, a report released by Zee Prime Capital suggests that Decentralized Physical Infrastructure Networks (DePin) could transform law enforcement into community enterprises, enhancing transparency. The report discusses Decentralized Security (DeSec), which involves building distributed surveillance and law enforcement systems, such as ballistic triangulation systems and community patrol Decentralized Autonomous Organizations (DAOs). The author, Luffistotle, states that blockchain and decentralized architectures excel in security redundancy, and communities are willing to pay extra to ensure optimal security. DeSec applications also offer incentives to enhance power infrastructure, protecting it from destructive events. Furthermore, decentralized airborne radar networks could reduce potential threats of terrorism. Decentralized networks like Helium can ensure everyone enjoys a free and open internet, combating state surveillance and threats of totalitarianism. Luffistotle emphasizes the need to strike a balance between transparency and privacy to avoid a more intrusive surveillance state.

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Jaunākās ziņas

Three New Addresses Withdraw Over 329,700 LINK From CEX In 24 Hours

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NOT Cryptocurrency Experiences Significant Surge

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BB Experiences Significant Increase, Surpassing $0.41

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Bitcoin Price Reaches $57,901.06, Sparks Interest Among Internet Users

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Notorious Phishing Group Pink Drainer Falls Victim to Similar Scam

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