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$CRYPTO NEWS TODAY:
Despite its notorious volatility, $BTC stands firm at $52,000, showcasing resilience. Over the past week, it surged by an impressive 21.2%, propelled by the influence of spot Bitcoin ETFs.
However, a noteworthy element adds complexity to this narrative – professional investors in derivatives markets exercise caution. Remarkably, spot $BTC ETFs experienced a remarkable $2.4 billion net inflow within a mere 7 days.
This surge finds support in data signaling a potential slowdown in the US economy, despite concerns about inflation.
In January, US retail sales saw a decline of 0.8%, while both Japan and the UK grappled with entering a technical recessio#n.
Exciting times ahead for crypto enthusiasts! Keep a close watch on Bitcoin's journey to the moon!
#CryptoNewsToday
Despite its notorious volatility, $BTC stands firm at $52,000, showcasing resilience. Over the past week, it surged by an impressive 21.2%, propelled by the influence of spot Bitcoin ETFs.
However, a noteworthy element adds complexity to this narrative – professional investors in derivatives markets exercise caution. Remarkably, spot $BTC ETFs experienced a remarkable $2.4 billion net inflow within a mere 7 days.
This surge finds support in data signaling a potential slowdown in the US economy, despite concerns about inflation.
In January, US retail sales saw a decline of 0.8%, while both Japan and the UK grappled with entering a technical recessio#n.
Exciting times ahead for crypto enthusiasts! Keep a close watch on Bitcoin's journey to the moon!
#CryptoNewsToday
Reasons Why Bitcoin is Dumping after the historic spot ETF approval
1) There was a strong speculationleading towards the ETF approval,now it’s approved people doesn’thave anything to speculate on and many expected it to pump towards $55k after approval coz that didn’t happen people are just taking profits or selling in disappointment. 2) Bitcoin pumped from the Bottom of $15,400 to $49,000 with fomo elements of ETF so the correction was naturally due and this might be sell thenews event for many who bought bitcoin earlier below $20k. 3) Money is moving from Bitc
X (Twitter) to Implement Peer-to-Peer Payments in Next Update: Will #Dogecoin's 'Father' Elon Musk Add Bitcoin and #DOGE?
REBEL SATOSHI PRESALE: A Golden Opportunity
As the crypto market evolves, opportunities arise for savvy investors. The Rebel Satoshi presale stands out in this regard. Having already sold over 100 million RBLZ and raised over $2 million, the momentum is palpable. Approaching the $2 million mark, this presale on the Ethereum network promises significant potential.
Built on Ethereum, Rebel Satoshi offers a blend of innovation and safety. The smart contracts underpinning $RBLZ have undergone rigorous audits by top firms, including Source Hat, ensuring a secure investment environment.
For those scouting the best cryptocurrency to invest in, Rebel Satoshi’s value proposition is compelling. Its unique positioning in the meme coin space, coupled with a strong community ethos, sets th stage for substantial growth in 2024$ETH
As the crypto market evolves, opportunities arise for savvy investors. The Rebel Satoshi presale stands out in this regard. Having already sold over 100 million RBLZ and raised over $2 million, the momentum is palpable. Approaching the $2 million mark, this presale on the Ethereum network promises significant potential.
Built on Ethereum, Rebel Satoshi offers a blend of innovation and safety. The smart contracts underpinning $RBLZ have undergone rigorous audits by top firms, including Source Hat, ensuring a secure investment environment.
For those scouting the best cryptocurrency to invest in, Rebel Satoshi’s value proposition is compelling. Its unique positioning in the meme coin space, coupled with a strong community ethos, sets th stage for substantial growth in 2024$ETH
UNDERSTANDING #BTC ETF
What is Bitcoin ETF?
Essentially, it's a fund that tracks the price of Bitcoin, allowing investors to buy into Bitcoin without the complexities of direct ownership.
#BTC ETF offers
🌍 Increased Accessibility: Bitcoin ETFs make investing in #Bitcoin simpler and more accessible to everyday investors, broadening the crypto community.
💧 Enhanced Liquidity: ETFs contribute to higher liquidity in the crypto market, leading to more stable prices and less volatility.
🏢 Institutional Investment: ETFs open the door for more institutional money in crypto, providing a stamp of legitimacy and potential growth.
📊 Diversification Opportunities: Bitcoin ETFs offer investors a chance to diversify their portfolio, mitigating risks associated with individual asset investments.
What is Bitcoin ETF?
Essentially, it's a fund that tracks the price of Bitcoin, allowing investors to buy into Bitcoin without the complexities of direct ownership.
#BTC ETF offers
🌍 Increased Accessibility: Bitcoin ETFs make investing in #Bitcoin simpler and more accessible to everyday investors, broadening the crypto community.
💧 Enhanced Liquidity: ETFs contribute to higher liquidity in the crypto market, leading to more stable prices and less volatility.
🏢 Institutional Investment: ETFs open the door for more institutional money in crypto, providing a stamp of legitimacy and potential growth.
📊 Diversification Opportunities: Bitcoin ETFs offer investors a chance to diversify their portfolio, mitigating risks associated with individual asset investments.
Hot news about crypto TODAY (January 7)
#cryptonewstoday #CryptoNews #Crypto #news #today
---
1. Someone sent 1.2 million $USD in #BTC to Satoshi Nakamoto's wallet address
2. Grayscale Adds XRP, AVAX and Removes MATIC from Digital Large Cap Fund
3. 11 Bitcoin Spot ETFs Approved on January 8 to January 10
4. Ethereum unstaking queue reaches record high
5. Ethereum Whales Hit Record High Amid Market Optimism
6. Michael Saylor issues important warning about Bitcoin
7. The ‘Blockchain Fundamentals Act’ takes the Bitcoin regulation fight to the state level in the US
8. Inscription transactions on EVM blockchains decline
9. BlackRock plans to lay off 600 employees
10. Lazarus stole $600 million in 2023
11. Bitcoin difficulty increased by 1.65%
#cryptonewstoday #CryptoNews #Crypto #news #today
---
1. Someone sent 1.2 million $USD in #BTC to Satoshi Nakamoto's wallet address
2. Grayscale Adds XRP, AVAX and Removes MATIC from Digital Large Cap Fund
3. 11 Bitcoin Spot ETFs Approved on January 8 to January 10
4. Ethereum unstaking queue reaches record high
5. Ethereum Whales Hit Record High Amid Market Optimism
6. Michael Saylor issues important warning about Bitcoin
7. The ‘Blockchain Fundamentals Act’ takes the Bitcoin regulation fight to the state level in the US
8. Inscription transactions on EVM blockchains decline
9. BlackRock plans to lay off 600 employees
10. Lazarus stole $600 million in 2023
11. Bitcoin difficulty increased by 1.65%
January 7, 2024
XRP (XRP)
$0.5698
+0.81%
$XRP may recover as traders bank on Injective and InQubeta
2024 has hit the ground running—a great start to what many believe will be a bull market. While some tokens have had a head start, crypto experts anticipate XRP prices to surge. This is due to its underwhelming performance in Q4 2023. Meanwhile, traders are optimistic about Injective (INJ) and InQubeta (QUBE).
Disclaimer: This post does not represent investment advice. The content and materials featured on this post are for educational purposes only.
XRP (XRP)
$0.5698
+0.81%
$XRP may recover as traders bank on Injective and InQubeta
2024 has hit the ground running—a great start to what many believe will be a bull market. While some tokens have had a head start, crypto experts anticipate XRP prices to surge. This is due to its underwhelming performance in Q4 2023. Meanwhile, traders are optimistic about Injective (INJ) and InQubeta (QUBE).
Disclaimer: This post does not represent investment advice. The content and materials featured on this post are for educational purposes only.
...Continued from Previous Post
#Staking cryptocurrency involves depositing and holding your digital coins on a platform to earn rewards from the blockchain. With a minimum required balance of the cryptocurrency, one can participate in staking and receive specific crypto rewards.
It is akin to buying crypto coins and holding them in a wallet for a predetermined period. It bears similarities to a fixed deposit in traditional finance, comparable to an IRA, where you commit your funds for a set duration to earn interest.
In the context of staking, the mechanism is known as "Proof of Stake," where participants support the network by holding funds in their wallets. In return for this support, the network rewards them. Consequently, the number of coins in your wallet increases over time based on the duration you keep them staked.
#Staking cryptocurrency involves depositing and holding your digital coins on a platform to earn rewards from the blockchain. With a minimum required balance of the cryptocurrency, one can participate in staking and receive specific crypto rewards.
It is akin to buying crypto coins and holding them in a wallet for a predetermined period. It bears similarities to a fixed deposit in traditional finance, comparable to an IRA, where you commit your funds for a set duration to earn interest.
In the context of staking, the mechanism is known as "Proof of Stake," where participants support the network by holding funds in their wallets. In return for this support, the network rewards them. Consequently, the number of coins in your wallet increases over time based on the duration you keep them staked.
Know Everything About #Staking Vs. #Mining Cryptocurrencies.
Part A(i)
STAKING:
Staking is the process of staking your cryptocurrencies on a platform to earn rewards from your coins. Anyone with the minimal required balance crypto can stake the coins to earn specific crypto rewards from the blockchain.
Staking includes purchasing crypto coins and keeping them in a wallet for a specified amount of time. A fixed deposit in the non-digital money realm is similar to an IRA.
Proof of stake is similar to a fixed deposit, which pays you with a specific interest at the end of the time as specified in the contract.
The network rewards you for supporting it by storing money in your wallet. As a result, the number of coins you have in your wallet will rise based on how long you keep them there.
Part A(i)
STAKING:
Staking is the process of staking your cryptocurrencies on a platform to earn rewards from your coins. Anyone with the minimal required balance crypto can stake the coins to earn specific crypto rewards from the blockchain.
Staking includes purchasing crypto coins and keeping them in a wallet for a specified amount of time. A fixed deposit in the non-digital money realm is similar to an IRA.
Proof of stake is similar to a fixed deposit, which pays you with a specific interest at the end of the time as specified in the contract.
The network rewards you for supporting it by storing money in your wallet. As a result, the number of coins you have in your wallet will rise based on how long you keep them there.
GO AND ADD #2FA !
#2FA which means Two Factor Authentication (Refer to my previous Posts on Crypto Acronyms) is the only way to avoid someone else from accessing your account easily as it adds another layer of security to your account and an OTP will be sent to you anytime an attempt is made to login to your account or to send out funds from your account.
You can add your #2FA by clicking on the #security tab on your Binance dashboard or Homepage.
Phone number(or email), Google Authenticator, Binance Authenticator are the most common options.
In addition, you can also add a passcode.
#2FA which means Two Factor Authentication (Refer to my previous Posts on Crypto Acronyms) is the only way to avoid someone else from accessing your account easily as it adds another layer of security to your account and an OTP will be sent to you anytime an attempt is made to login to your account or to send out funds from your account.
You can add your #2FA by clicking on the #security tab on your Binance dashboard or Homepage.
Phone number(or email), Google Authenticator, Binance Authenticator are the most common options.
In addition, you can also add a passcode.
The Importance of 2FA
Two-factor authentication (2FA) is a critical security measure designed to enhance the protection of online accounts and sensitive information. It adds an additional layer of #Security beyond traditional passwords, making it significantly harder for unauthorized individuals to gain access to your accounts. The importance of 2FA stems from the following key reasons:
Enhanced Security: 2FA significantly reduces the risk of unauthorized access to your accounts. Even if someone manages to obtain
Enhanced Security: 2FA significantly reduces the risk of unauthorized access to your accounts. Even if someone manages to obtain
$BTC AS A LEGAL TENDER
While Bitcoin and other Alt Coins can be used for transactions in many countries, its use as a legal Tender is limited to very few Countries as at now.
The legality of crypto and tokens is an always debated, ongoing discussion on both local and global levels. Their legality has become more and more important as their use and acceptance have grown worldwide.
Right now, only two countries in the world believe that Bitcoin can be a legitimate legal tender (El Salvador and the Central African Republic) but that number is set to change.
$BTC
#Bullish_Joe
While Bitcoin and other Alt Coins can be used for transactions in many countries, its use as a legal Tender is limited to very few Countries as at now.
The legality of crypto and tokens is an always debated, ongoing discussion on both local and global levels. Their legality has become more and more important as their use and acceptance have grown worldwide.
Right now, only two countries in the world believe that Bitcoin can be a legitimate legal tender (El Salvador and the Central African Republic) but that number is set to change.
$BTC
#Bullish_Joe
First Time I lost my funds on #Binance
I had just been introduced to Binance 3 months ago and didn't really know much. So I went in search of knowledge and saw stories of massive profits made from trading.
So I jumped right in and deposited 30$BUSD .
You guessed right! I went straight for Margin trade and used x10 Leverage. 😂
The next day when I woke up and checked my wallet, I had just 4$BUSD left. So, I just repaid my debt and left my 4$BUSD in my wallet and abandoned my account for months 😂
Be careful guys, #DYOR🟢 and do it well before you start trading, if you have not already started.
You can always use #BinanceAcademy for your research.
I had just been introduced to Binance 3 months ago and didn't really know much. So I went in search of knowledge and saw stories of massive profits made from trading.
So I jumped right in and deposited 30$BUSD .
You guessed right! I went straight for Margin trade and used x10 Leverage. 😂
The next day when I woke up and checked my wallet, I had just 4$BUSD left. So, I just repaid my debt and left my 4$BUSD in my wallet and abandoned my account for months 😂
Be careful guys, #DYOR🟢 and do it well before you start trading, if you have not already started.
You can always use #BinanceAcademy for your research.
If you've been following my posts for the last 5 days, congratulations on your journey so far.
I hope you have learnt a few stuffs.
Why not follow me #Bullish_Joe for more educative topics?
Now is certainly the time to learn the basics because in a few days from now, we'll dive into the real deal 😊
I hope you have learnt a few stuffs.
Why not follow me #Bullish_Joe for more educative topics?
Now is certainly the time to learn the basics because in a few days from now, we'll dive into the real deal 😊
COMMONLY USED CRYPTO ACRONYMS AND MEANING (Day 6)
... Cont'd
#WAGMI = We Are Gonna Make It.
It's Used a catchphrase for motivation and positive vibes.
#NGMI = Not Gonna Make It.
Applies in situations where people make uninformed or impulsive decisions regarding crypto financing. NGMI broadly refers to a mindset that draws back an individual in terms of participation in the crypto landscape. For example, unrealistic goals, such as churning out millions in profits within the first few months.
#NGU = Number Goes Up.
This is practically a request for raising crypto prices in difficult times. In other words, NGU explains the state of crypto markets during intensive bull runs.
#DYOR = Do Your Own Researc.
It suggests important practices for research on your own before investing in any crypto asset.
... Cont'd
#WAGMI = We Are Gonna Make It.
It's Used a catchphrase for motivation and positive vibes.
#NGMI = Not Gonna Make It.
Applies in situations where people make uninformed or impulsive decisions regarding crypto financing. NGMI broadly refers to a mindset that draws back an individual in terms of participation in the crypto landscape. For example, unrealistic goals, such as churning out millions in profits within the first few months.
#NGU = Number Goes Up.
This is practically a request for raising crypto prices in difficult times. In other words, NGU explains the state of crypto markets during intensive bull runs.
#DYOR = Do Your Own Researc.
It suggests important practices for research on your own before investing in any crypto asset.
COMMONLY USED CRYPTO ACRONYMS AND MEANING (Day 5)
...Cont'd
#FUD = Fear, Uncertainty, and Doubt.
It's a strategy followed by certain groups to create doubt and spread misinformation about a specific transaction or forecast price of competitors. FUD is one of the common strategies for reducing the price of a crypto asset and could burst economic bubbles in the crypto market.
#HODL = Hold On for Dear Life.
It is an important concept during high short-term volatility with continuous fluctuations in crypto prices. Upon the reduction in prices of crypto assets, owners should hold on to their assets rather than sell them off immediately for fear of losses.
#GM = Good Morning.
denotes Good Morning and encourages positivity in the crypto space alongside the development of online relationships.
...Cont'd
#FUD = Fear, Uncertainty, and Doubt.
It's a strategy followed by certain groups to create doubt and spread misinformation about a specific transaction or forecast price of competitors. FUD is one of the common strategies for reducing the price of a crypto asset and could burst economic bubbles in the crypto market.
#HODL = Hold On for Dear Life.
It is an important concept during high short-term volatility with continuous fluctuations in crypto prices. Upon the reduction in prices of crypto assets, owners should hold on to their assets rather than sell them off immediately for fear of losses.
#GM = Good Morning.
denotes Good Morning and encourages positivity in the crypto space alongside the development of online relationships.
COMMONLY USED CRYPTO ACRONYMS AND MEANING (DAY 4)
...Cont'd
#ICO = Initial Coin Offering.
You can think of an ICO as an instrument for raising funds to support crypto projects through minting and selling native digital tokens.
#ATH = All Time High.
This is the highest price of an asset in terms of market capitalization. In other words, ATH could denote the highest price paid for the concerned crypto asset.
#BTD = Buy The Dip.
refers to a crypto trading phenomenon focused on encouraging the purchase of an asset following a drop in market pricing. It implies the necessity of capitalizing on the opportunity to lock in an asset at a lower price.
#FOMO = Fear Of Missing Out.
phenomenon that creates hype about new crypto assets, thereby encouraging new investors to seek better opportunities for returns.
...Cont'd
#ICO = Initial Coin Offering.
You can think of an ICO as an instrument for raising funds to support crypto projects through minting and selling native digital tokens.
#ATH = All Time High.
This is the highest price of an asset in terms of market capitalization. In other words, ATH could denote the highest price paid for the concerned crypto asset.
#BTD = Buy The Dip.
refers to a crypto trading phenomenon focused on encouraging the purchase of an asset following a drop in market pricing. It implies the necessity of capitalizing on the opportunity to lock in an asset at a lower price.
#FOMO = Fear Of Missing Out.
phenomenon that creates hype about new crypto assets, thereby encouraging new investors to seek better opportunities for returns.
COMMONLY USED CRYPTO ACRONYMS AND MEANING (Day 3)
... Cont'd
#2FA = Two-Factor Authentication.
It helps in adding an additional layer of security through a second verification step alongside the password for granting accessibility. E.g Phone number, Google authenticator, Binance authenticator...
#P2P = Peer-To-Peer.
Refers to interactions that do not involve any intermediaries between the parties involved in the interaction.
#KYC = Know Your Customer.
This refers to the procedures which businesses should follow during the verification of customer identity.
#PnD = Pump and Dump.
Happen when an individual or a group of individuals inflate the price of a crypto asset by buying more assets, thereby creating demand. The schemers then exchange their high-priced crypto assets for profits, leaving customers with worthless assets.
... Cont'd
#2FA = Two-Factor Authentication.
It helps in adding an additional layer of security through a second verification step alongside the password for granting accessibility. E.g Phone number, Google authenticator, Binance authenticator...
#P2P = Peer-To-Peer.
Refers to interactions that do not involve any intermediaries between the parties involved in the interaction.
#KYC = Know Your Customer.
This refers to the procedures which businesses should follow during the verification of customer identity.
#PnD = Pump and Dump.
Happen when an individual or a group of individuals inflate the price of a crypto asset by buying more assets, thereby creating demand. The schemers then exchange their high-priced crypto assets for profits, leaving customers with worthless assets.
COMMONLY USED CRYPTO ACRONYMS AND MEANING (Day 2)
...Cont'd.
#EVM = Ethereum Virtual Machine.
This is a Turing-complete virtual machine that enables execution of code exactly as intended.
#PoW = Proof of Work.
It is a consensus mechanism used for verifying transactions on Blockchain networks.
#PoS = Proof of Stake.
It is a consensus algorithm where users must stake their crypto assets to become validators for verifying transactions on blockchain networks. Upon successful verification of transactions and addition of blocks to the ledgers, validators could receive rewards.
#PoA = Proof of Authority.
Here, a specific centralized authority assumes control over the selection of validators. The centralized authority chooses validators for verifying transactions on the basis of their credible track record on the network.
...Cont'd.
#EVM = Ethereum Virtual Machine.
This is a Turing-complete virtual machine that enables execution of code exactly as intended.
#PoW = Proof of Work.
It is a consensus mechanism used for verifying transactions on Blockchain networks.
#PoS = Proof of Stake.
It is a consensus algorithm where users must stake their crypto assets to become validators for verifying transactions on blockchain networks. Upon successful verification of transactions and addition of blocks to the ledgers, validators could receive rewards.
#PoA = Proof of Authority.
Here, a specific centralized authority assumes control over the selection of validators. The centralized authority chooses validators for verifying transactions on the basis of their credible track record on the network.
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DogeArmyComeBack
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📈Dogecoin to $12? Investor Says This Coin Below $0.10 Will Reach That Price Even Before DOGE Clears $1🦄
Why Dogecoin’s $12 Target Is Far-Fetched
Beyond its popularity and well-known supporters, Dogcoin’s path to $12 is full of challenges. Being a meme-based cryptocurrency, DOGE has sometimes been driven more by social media attention than by inherent technical worth or usefulness. Though its trading volume has stayed strong, there is no obvious market value estimate or use that might drive its price to historically extraordinary levels of $12. Dogecoin battled to top $0.75 even at the height of the 2021 crypto bull run, and it has subsequently settled in lower values. The price of the coin now is somewhat constant, much below past highs. Furthermore, lacking in DeFi and utility-based growth engines driving other cryptocurrencies is Dogecoin. Expecting Dogecoin to hit $12 seems more improbable without these fundamental elements.
Rexas Finance’s Potential to Hit $12 Before Dogecoin Reaches $1
The ambitious project plan and fast presale performance of Rexas Finance make it fit to reach important price benchmarks. Not unusual in the cryptocurrency space, Rexas Finance would have to rise 171-fold from its present $0.07 presale price to reach $12. Rexas Finance is positioned to maintain a steady increase with its utility-orientated approach and outstanding presale numbers. By contrast, dogecoin would have to rise more than six times to get to $1. Given its present price of $0.16 and a 24-hour trading volume devoid of any price movement, Dogecoin’s ascent to $1 looks difficult. With its usability and presale momentum, Rexas Finance is more likely to realize exponential growth that might propel it to double-digit values in the foreseeable future.
#DogeArmyComeBack #FedRateStrategy
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