The history of the cryptocurrency world and the memes that accompany it have always been closely linked.
Little-known phrases like HODL to every crypto newbie who announces that Bitcoin is going to soar soon “To The MOON!”.
➡️ There are different ways to react to this, but one fact remains: every crypto investor should have at least a theoretical understanding of crypto memes. First, to understand the jargon used by some members of the community and grasp what they want to convey.
5 Factors Contributing to a Potential Bitcoin Rally in “April”
🔵 Bitcoin’s Strong Technical Position Bitcoin price is currently trading near the upper boundary of a descending channel, which has been a key resistance point over the past few months. At press time, BTC price was around $63,800, just below the critical breakout level.
🔵 Moving Average Support Another bullish factor is that Bitcoin is above several key exponential moving averages (EMAs), including the 26, 100, and 200 EMAs. These moving averages not only serve as strong support levels, but also signal a bullish impulse.
🔵 Risk-on Market Sentiment According to a report by CNF, major financial markets are showing signs of “risk-on” sentiment, which is supportive of riskier assets like Bitcoin. Stocks have performed well recently, and hedge funds and institutional investors are increasing their exposure to tech stocks.
🔵 Favorable Historical Trends October has historically been one of the most successful months for Bitcoin. In fact, five of the cryptocurrency’s significant bull runs began in October, according to CNF. This historical pattern is adding to the bullish sentiment around Bitcoin this month.
🔵 Strong Demand for Bitcoin as an Inflation Hedge As inflation concerns persist globally, Bitcoin’s popularity as an inflation hedge remains high. As central banks around the world continue to grapple with rising inflation, more investors are turning to Bitcoin as a store of value.
TOP CRYPTOCURRENCY NEWS FOR THE MORNING OF OCTOBER 9
🔵Bitcoin started Wednesday with a slight increase. The cryptocurrency is trading at $62,210. Bitcoin’s 24-hour low is $61,843, and its high is $63,174. The second-largest cryptocurrency by capitalization, Ethereum, also started the day with an increase. The coin is trading at $2,443.
🔵Among the top 10 most capitalized cryptocurrencies, Tron posted the best performance in 24 hours (+2.13%) and over the week (+3.77%). The worst result in 24 hours (-0.90%) was recorded by Bitcoin and Solana. XRP recorded the biggest weekly decline with -11.86%.
A Bitcoin 👑 is exactly the same as any other Bitcoin. Plus, it is divisible: you can buy 0.5 Bitcoin or even 0.0001 Bitcoin.
NFTs, on the other hand, are a completely different story. But let's start from the beginning.
➡️ NFTs (non-fungible tokens) — these are unique and non-interchangeable tokens. They exist in a single copy and cannot be divided into several parts.
❗️ The peculiarity of NFTs lies in their use as proof of ownership of a digital object. For example, a GIF, a video, a photo, a digital image or music. Physical objects can also be digitized and transferred to the digital world.
Why buy images on the internet?
Many people ask themselves this question. An NFT image can be compared to a painting. But a painting is a physical object. The author has touched it, the colors are preserved, and the painting carries a story. So what is special about an NFT?
💲 Quite simply — exclusivity. You own the original. Why do Western artists buy the most sought-after collections? For status, recognition, to be part of an elite circle, etc.
Physical objects can also be digitized using NFTs.
But NFT collections are also bought for speculative purposes. In the crypto world, there is more speculation than actually useful products.
To avoid receiving "dirty" cryptocurrencies, it is recommended to follow these rules:
🔵 Use reliable wallets. Always choose large and reliable projects with a good reputation, which implement strict anti-money laundering (AML) and know-your-customer (KYC) measures.
🔵 Check the cleanliness of addresses before a transaction. Before accepting funds, use special tools to check the cleanliness of wallets and transactions. Popular services like Chainalysis allow you to analyze cryptocurrency addresses for possible links to illegal activities.
TOP CRYPTOCURRENCY NEWS FOR THE MORNING OF OCTOBER 8
🔵Bitcoin started Tuesday with a slight increase. The cryptocurrency is trading at $62,706. Bitcoin’s 24-hour low is $62,152, and its high is $64,443. The second-largest cryptocurrency by market cap, Ethereum, also started the day with an increase. The coin is trading at $2,449.
🔵Among the top 10 most capitalized cryptocurrencies, TRON posted the best results in 24 hours (+1.38%) and over the week (+0.08%). The biggest losses in 24 hours were recorded by Dogecoin (-4.44%) and over seven days by XRP (-14.54%).
The basis of the entire crypto industry is a technology called blockchain. It is on it that not only the main cryptocurrency 👑 — Bitcoin, but also all other crypto projects work.
➡️ This is why understanding what blockchain is and how it works is the first thing to know to dive into the world of cryptos.
Let’s take a simple example. Imagine you are buying an apartment. There is an organization that keeps a record of all transactions and owners. All data is stored on the servers of this organization. Employees take care of maintaining these servers.
🔵 After Trump's MAGA memecoin surged 52% following the assassination attempt mentioned in a recent CNF update, SpaceX and Tesla CEO Elon Musk made headlines at a Donald Trump rally in Butler, Pennsylvania, expressing his support for Trump by wearing a "Make America Great Again" hat and calling himself a "Dark MAGA."
🔵 According to the latest data, Bitcoin and Ethereum have seen modest improvements over the past 24 hours, but both have fallen against the US dollar this week, with losses ranging from 0.8% to 5.5%. However, several other crypto assets have shown impressive growth, with spx6900 (SPX) attracting attention after surging 193%.
To check the "cleanliness" of crypto assets, that is, to make sure that they are not associated with illegal activities, you can use various methods and tools.
Here are the main methods to check the cleanliness of cryptocurrencies:
🔵 Use of specialized analysis tools There are companies and services that provide analytics tools to track and analyze cryptocurrency transactions. These platforms use blockchain analytics to identify suspicious or illegal assets.
TOP CRYPTOCURRENCY NEWS FOR THE MORNING OF OCTOBER 7
🔵Bitcoin started Monday with a rise. The cryptocurrency is trading at $63,515. Bitcoin’s 24-hour low is $61,833, and the high is $63,957. The second-largest cryptocurrency by capitalization, Ethereum, also started the day with a rise. The coin is trading at $2,499.
🔵Among the top 10 most capitalized cryptocurrencies, Solana (+4.05%) achieved the best result in 24 hours. Over the last 24 hours and week, all coins, except stablecoins, decreased in price. The worst result over seven days was recorded by XRP (-16.45%).
Fiat inflow is the process by which traditional currencies (fiat), such as US dollars (USD), euros (EUR), rubles (RUB), and other national currencies, enter an exchange or ecosystem.
This term is often used in the context of cryptocurrency exchanges and financial markets when referring to the introduction of traditional money into a platform to purchase cryptocurrencies or other assets.
What does the influx of fiat mean in the context of the cryptocurrency market?
🔵 Bitcoin mining company Terawulf Inc. has completed the sale of its 25% stake in joint venture Nautilus Cryptomine for approximately $92 million. This week, the company announced plans to use the proceeds to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure at the Lake Mariner facility.
🔵 Cryptocurrency exchange Coinbase Global Inc. has announced plans to delist all stablecoins that do not comply with new European Union (EU) regulations. Coinbase's decision to delist stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA) will take effect by the end of 2024, Bloomberg reports.
A crypto license is a regulatory document issued to companies or individuals engaged in activities related to cryptocurrencies and blockchain technologies, within the legal framework of a specific country or jurisdiction.
These licenses regulate operations with digital assets, ensuring that market participants comply with legal requirements and standards in terms of finance, security, and consumer protection.
A crypto license may be required for the following activities:
🔵 Cryptocurrency exchanges — platforms that allow users to buy, sell, and trade cryptocurrencies.
🔵 Cryptocurrency wallets and asset storage — companies that offer secure storage services for cryptocurrencies.
🔵 Cryptocurrency payment services — platforms that allow people to pay for goods and services using cryptocurrencies.
🔵 ICOs and asset tokenization — fundraising through the issuance of tokens.
🔵 Crypto financial services — lending, collateral transactions and other financial services based on crypto assets.
Jurisdictions where crypto licenses are actively issued include Estonia, Switzerland, Lithuania, Malta and other countries with advanced regulatory frameworks for cryptocurrencies. #CryptoLicense#cryptoniteuae