ORC-20 este un standard care a fost dezvoltat ca o îmbunătățire față de standardul BRC-20, cu scopul de a aborda anumite limitări, cum ar fi problemele de securitate, flexibilitate sporită și valorificarea modelului UTXO al Bitcoin. Care sunt caracteristicile notabile ale acestei versiuni actualizate în comparație cu vechiul standard?

Ce este ORC-20?

ORC-20 este un standard pentru token-urile care rulează pe blockchain-ul Bitcoin, reprezentate ca fișiere JSON (JavaScript Object Notation) și înregistrate pe Satoshi folosind numere de serie, similare cu BRC-20.

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Criptomonedele, tehnologia blockchain și soluțiile de finanțare descentralizată (DeFi) au apărut ca forțe puternice care remodelează diferite aspecte ale vieții noastre de zi cu zi. De la tranzacții financiare la securitatea datelor și nu numai, aceste inovații aduc schimbări transformatoare care au potențialul de a revoluționa sistemele tradiționale și de a împuternici indivizii în moduri fără precedent.

Incluziune financiară și accesibilitate: Criptomonedele și soluțiile DeFi au potențialul de a oferi servicii financiare populațiilor nebancarizate și subbancarizate din întreaga lume. Cu doar un smartphone și acces la internet, persoanele fizice pot participa la un sistem financiar global, pot accesa împrumuturi, pot economisi bani și se pot angaja în tranzacții transfrontaliere fără intermediari tradiționali.

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Making successful cryptocurrency trades while practicing proper risk management is essential to mitigate potential losses and increase the likelihood of profitable trades. Here are some tips to consider:

Educate Yourself: Start by gaining a solid understanding of cryptocurrencies, blockchain technology, and the factors that influence their value. Stay updated on market news, trends, and regulatory developments. This knowledge will help you make informed trading decisions.

Set Clear Goals and Strategies: Define your investment goals, whether they are short-term or long-term. Develop a trading strategy that aligns with your goals and risk tolerance. Consider factors such as entry and exit points, stop-loss orders, and profit targets.

Conduct Thorough Research: Before investing in a specific cryptocurrency, research and analyze its fundamentals, team, technology, adoption, and market trends. Evaluate the potential risks and rewards associated with the investment.

Diversify Your Portfolio: Avoid putting all your funds into a single cryptocurrency. Diversify your portfolio by investing in a variety of cryptocurrencies with different risk profiles. This can help spread the risk and increase the potential for gains.

Start with a Demo Account: If you are new to cryptocurrency trading, consider starting with a demo account or paper trading. This allows you to practice trading strategies without risking real money, gaining experience and confidence before trading with actual funds.

Set Risk Management Measures: Determine your risk tolerance and establish risk management measures. Use stop-loss orders to automatically sell a cryptocurrency if it reaches a predetermined price level. This helps limit potential losses in volatile markets.

Use Technical Analysis: Utilize technical analysis tools and indicators to identify trends, patterns, and potential entry or exit points. However, be aware that technical analysis is not foolproof and should be used in conjunction with other analysis methods.

Be Mindful of Market Volatility: Cryptocurrency markets are highly volatile. Be prepared for price fluctuations and avoid making impulsive decisions based on short-term market movements. Take a long-term perspective and consider the overall market trends.

Practice Discipline and Emotional Control: Emotions can cloud judgment and lead to poor trading decisions. Maintain discipline and stick to your predefined trading strategy. Avoid making impulsive trades based on fear or greed.

Regularly Review and Adjust: Continuously evaluate your trading performance and adjust your strategies accordingly. Learn from your successes and failures, and refine your approach over time.

Remember, trading cryptocurrencies involves risks, and there are no guarantees of profits. It's crucial to only invest what you can afford to lose and seek professional advice if needed.

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Crypto payments offer several benefits to the ecommerce industry, including:

Faster transactions: Crypto transactions are processed quickly and efficiently without the need for intermediaries such as banks or payment processors. This means that payments can be processed almost instantly, reducing the time it takes for customers to receive their goods and services.

Lower transaction fees: Crypto transactions typically have lower transaction fees than traditional payment methods, which can be particularly beneficial for ecommerce businesses with high transaction volumes.

Increased security: Crypto payments use strong encryption techniques and decentralized blockchain technology, making them highly secure and resistant to fraud. This can help protect ecommerce businesses from fraudulent transactions and chargebacks.

Global accessibility: Cryptocurrencies can be used for transactions across borders without the need for currency exchange, making it easier for ecommerce businesses to expand globally.

Decentralized nature: Cryptocurrencies are decentralized, meaning they are not controlled by any central authority or government. This provides greater financial freedom and autonomy for ecommerce businesses and their customers.

Overall, crypto payments offer a range of benefits to the ecommerce industry, including faster transactions, lower fees, increased security, global accessibility, and decentralization. As a result, many ecommerce businesses are starting to adopt crypto payments as an alternative payment method to traditional payment methods.

The ongoing US debt ceiling negotiations are causing investors to sit on the sidelines. JPMorgan Chase CEO Jamie Dimon told Bloomberg on May 11th that concerns over a US government default could create market panic and increase volatility in the stock market.

The next big question that has crypto investors concerned is how Bitcoin will react to such an event. Bloomberg's latest poll indicates that Bitcoin (BTC) could be the third-favorite asset after gold and US Treasury bonds if the US government fails to prevent a default.

Billionaire fund manager Paul Tudor Jones told CNBC that he holds Bitcoin and will always have a portion of his investment portfolio in it.

What are the important support and resistance levels to watch for in the S&P 500 (SPX), Bitcoin, and major altcoins? Let's study the charts to find out.

SPX technical analysis

The S&P 500 (SPX) has been trading near the 20-day EMA at 4,118 for the past few days. This indicates a fierce battle between the bulls and bears for supremacy in the short term.

SPX daily chart | Source: TradingView

The rising 20-day EMA and the relative strength index (RSI) near the mid-point suggest range-bound action in the near term. The index may oscillate between the resistance level at 4,200 and the 50-day simple moving average (SMA) at 4,059 for the next few days.

A breakdown and close below the 50-day SMA could pull the price down to the uptrend line. If this support also breaks down, the index could plummet to 3,800.

On the flip side, the bulls will have to cross the resistance barrier at 4,200. After that, the index could rise to 4,325, where the bears will once again pose a strong challenge. During the correction from this level, if buyers turn 4,200 into support, it will increase the prospects of a rally to 4,325.

Technical Analysis of DXY:

After several failed attempts, the bulls finally managed to push and maintain the US Dollar Index (DXY) above the 20-day EMA (101.88) on May 11.

The bulls continued to buy and broke above the resistance at the 50-day SMA (102.47) on May 12. The 20-day EMA has started to rise, and the RSI jumped into the positive zone, indicating that the bulls have an advantage. The index could rise to 103.50 in the short term, where it is likely to face selling pressure from the bears again.

On the other hand, if the price falls and slides below the 20-day EMA, it indicates that the breakout above the 50-day SMA could be a false breakout. The index could then retest the important support level at 100.82. Breaking and closing below this level would complete a head and shoulders (H&S) bearish pattern and could start moving down to 97.50.

Technical Analysis of BTC

The bulls are attempting to push Bitcoin back into the symmetrical triangle pattern, indicating strong buying pressure at lower levels.

Chart of BTC/USDT on a daily timeframe | Source: TradingView

The relief rally could face stiff selling at the moving averages and again at the resistance line of the triangle. If the price turns down from the resistance, the bears will make another attempt to sink the BTC/USDT pair to $25,250.

This is an important level to watch because if it breaks down, selling could intensify and the pair may drop to $20,000.

On the contrary, the bulls will have to scale the overhead resistance to signal the start of a new uptrend. Firstly, the pair could rise to $31,000 and then attempt to rise above $32,400.

ETH Technical Analysis

Ether (ETH) bounced back from the 50% Fibonacci retracement level at $1,754 on May 12th, and after a few days of consolidation, the bulls pushed the price above the 20-day EMA ($1,854).

Daily chart of ETH/USDT | Source: TradingView

The sellers will try to defend this EMA strongly and turn it into a resistance level. If they succeed, it will indicate that higher levels are attracting selling. The ETH/USDT pair could then retest the nearest support at $1,740. Breaking below and closing below this level could pull the price down to the 61.8% Fibonacci retracement level at $1,663.

If the bulls want to prevent the decline, they will have to push the price above the 50-day SMA ($1,883). After that, this pair could rise to the psychologically important level of $2,000.

Technical analysis of BNB

The bulls have pushed BNB (BNB) to the moving averages, indicating that the $300 level is a strong support level.

On the daily chart of BNB/USDT | Source: TradingView

Breaking out and closing above the moving averages will clear the way for a potential increase to resistance at $338. This level may be a strong barrier, but if the bulls break through it, the BNB/USDT pair could rise to $350.

Alternatively, if the price falls from the moving averages, it shows that the bears are still not giving up. They will then try to push the price down below $300. If they do so, this cryptocurrency pair could slide down to the next support level at $280.

#SPX #DXY #BTC #ETH #BNB

Crypto can be fundamentally analyzed using various metrics and methods, including:

Technology: Examining the underlying technology of a cryptocurrency, such as its consensus mechanism, security features, scalability, and interoperability with other blockchains.

Market cap and liquidity: Evaluating a cryptocurrency's market capitalization (the total value of all coins in circulation) and liquidity (the ease with which a coin can be bought and sold).

Adoption and usage: Analyzing the level of adoption and usage of a cryptocurrency, including its transaction volume, the number of wallets, and the number of merchants accepting the coin as payment.

Development activity: Assessing the level of development activity and innovation around a cryptocurrency, including updates to the codebase, new partnerships, and community contributions.

Team and community: Evaluating the quality and experience of the cryptocurrency's development team, as well as the size and engagement of its community.

Regulatory environment: Examining the regulatory environment surrounding the cryptocurrency, including government policies and regulations that could impact its adoption and growth.

Competitive landscape: Analyzing the competitive landscape of the cryptocurrency, including its relative strengths and weaknesses compared to other coins in the same market.

By analyzing these metrics and methods, investors can gain a deeper understanding of the fundamentals of a cryptocurrency and make informed decisions about whether to invest in it or not. However, it's important to note that crypto markets are highly volatile, and investors should also consider technical analysis and market sentiment when making investment decisions.

Detecting a scam project in the cryptocurrency space can be challenging, but there are several warning signs you can look out for to reduce your risk of falling victim to a scam. Here are some things to keep in mind:

Lack of transparency: A legitimate project should have a whitepaper that outlines its goals, technology, and team members. If the project doesn't have a whitepaper or is not transparent about its team or technology, it's a red flag.

Unrealistic promises: If a project promises returns that are too good to be true, it's likely a scam. Be wary of projects that make promises of guaranteed profits or high returns with little to no risk.

Lack of community engagement: A legitimate project will have an active and engaged community of investors and supporters. If there is little to no community engagement, it's a warning sign.

Anonymous team members: If the project's team members are anonymous, it's a red flag. A legitimate project will have a team that is public and can be verified.

No clear use case: If a project doesn't have a clear use case for its technology, it's likely a scam. A legitimate project will have a clear and defined purpose for its technology.

High-pressure sales tactics: If a project is using high-pressure sales tactics or trying to rush you into investing, it's a warning sign. A legitimate project will allow you to make an informed decision without feeling pressured.

Lack of regulation: Cryptocurrencies and blockchain projects are largely unregulated, which can make it difficult to identify scams. However, if a project is not listed on reputable exchanges or doesn't have any regulatory oversight, it's a red flag.

Overall, it's important to do your research and be skeptical of any project that seems too good to be true. If you're unsure about a project, it's better to err on the side of caution and avoid it altogether.

NFT sales saw a slight increase last week, recording a modest rise of about 1.46% compared to the previous week. The accumulated value of NFT sales reached $149.31 million from April 29 to May 6, 2023. However, the latest week has surpassed expectations, with a significant spike of 31.22% in sales. In the seven-day period, NFT sales reached $208.17 million. The notable increase in NFT sales this week could be due to the emergence of NFTs originating from the Bitcoin blockchain.

Bitcoin NFT sales have gained significant momentum.

Bitcoin NFT sales have emerged as a significant contributing factor in the context of digital collectibles sales, among 21 separate blockchain networks as recorded by cryptoslam.io data on May 14, 2023. Ethereum's NFT sales continue to dominate with NFT sales of $111.26 million; however, the runner-up position is held by Bitcoin-based NFTs, also known as text-based NFTs.

Data proves that Bitcoin NFT sales have generated $53,433,451 and secured the second position in blockchain sales among 21 chains. Bitcoin NFT sales have surged by 187.54% compared to the previous week.

Mythos NFTs also saw a significant increase, with sales rising by 69.66% to $11.73 million in the previous week. This helped Mythos climb to the third-largest ranking when considering the top blockchains by NFT sales volume.

Solana, which previously held the second-largest position, now stands at fourth place for NFT sales. In the past seven days, Solana recorded $8,789,106 - a 21.16% decrease from the previous week. The fifth-largest blockchain for NFT sales in the past week was Polygon with $7.79 million, down 7.07%.

Regarding NFT collections, data from cryptoslam.io reveals that "Uncategorized Ordinals," which are essentially random Ordinals not belonging to any specific collection, have achieved top collection status in terms of sales this week. Uncategorized Ordinals have seen NFT sales of $15.62 million.

Bored Ape Yacht Club (BAYC) on Ethereum took second place this week with a total revenue of $13.80 million. Mythos' Dmarket collection secured third place, with the majority of Mythos' NFT sales coming from transactions of the Dmarket collection.

In fourth place, ORDI BRC-20 NFT recorded weekly sales of $11.044 million, while the Milady Maker NFT collection on Ethereum accumulated $10.376 million in sales in the same timeframe and ranked fifth this week. One project that experienced a significant increase in NFT sales this week was Space Pepes on Bitcoin, with $4.607 million accumulated, an increase of 2,142.35% compared to the previous week.

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DYOR: A Crucial Concept for Cryptocurrency Investors

DYOR, an abbreviation for "Do Your Own Research," is an important concept for cryptocurrency investors. This is particularly true in the context of the cryptocurrency market, which is still new and full of risks.

Assessing the Truth: The Role of DYOR in Evaluating Cryptocurrency Projects

DYOR allows investors to better assess the truth about a specific cryptocurrency project. This information may include the developer's history, the technology used, the feasibility of the idea, the reliability of security standards, and many other factors. To make accurate investment decisions, investors need to research and evaluate all available information themselves.

How to Practice DYOR: Steps for Researching and Evaluating Cryptocurrency Investments

Practicing DYOR may involve reading company development materials, reviewing expert reviews, reading market analyses, and researching forums and communities related to that cryptocurrency. These sources will help investors get an overview of the project and increase their ability to make smart decisions.

Challenges in Practicing DYOR: Tips for New Investors in the Cryptocurrency Market

However, performing DYOR is not a simple task and requires patience, knowledge, and high concentration. In particular, new investors in the market may have difficulty starting to practice DYOR. To help, they can refer to cryptocurrency communities, find guides and tips from experts to minimize investment risks.

The Benefits and Limitations of DYOR in Cryptocurrency Investments

Overall, DYOR is an important part of the cryptocurrency investment process. It helps investors get an overview and accurate assessment of a specific cryptocurrency project before making investment decisions. A careful and proper way of practicing DYOR can help investors minimize risks and increase opportunities for success in cryptocurrency investments. However, investors should remember that DYOR does not guarantee 100% success, and there is always a degree of risk in cryptocurrency investment. Therefore, ensure that investment decisions are based on various information, and risk levels are accurately assessed.

80% of SHIB hodlers currently at a loss, according to data from IntoTheBlock. On average, 4 out of 5 SHIB investors are in the red due to their holdings. Based on this data, 80% of all Shiba Inu hodlers are "out of the money" which equates to 991,440 addresses holding 497 trillion tokens, with a total value of $4.4 billion.

Currently, Shiba Inu is ranked sixth among the largest cryptocurrencies in terms of the proportion of addresses at a loss. With a market capitalization of $5.19 billion, only SHIB worth $668.4 million provides profits for hodlers.

Notably, many of these unprofitable addresses bought Shiba Inu within the price range of $0.000009 to $0.000014. According to IntoTheBlock, there are 348,170 such addresses holding an extremely large volume of 281.12 trillion SHIB.

If SHIB prices continue to decline as they have over the past four weeks, a situation could arise where the last person holding the token will be the ultimate loser. This certainly adds more pressure to SHIB right now.

#SHIB #Meme