Amidst the cryptocurrency industry, Bitcoin experiences a rebound, accompanied by a strengthening ETH/BTC exchange rate, signaling the onset of altcoin season. Simultaneously, the stock market sees an uptick as Powell's speech lacks groundbreaking revelations.

Key Developments:
AI Sector Surge: Noteworthy gains in the AI sector are witnessed, led by Fetch.ai (#FET ), SingularityNET (AGIX), Render (RNDR), and NEAR. RNDR and NEAR are poised to leverage the excitement surrounding the upcoming Nvidia AI conference on March 18th. RNDR focuses on GPU computing power, while NEAR is transitioning into an AI-centric blockchain, marking the sector's resilient return to new highs.DeFi Momentum: Uniswap (UNI), Reserve Rights (RSR), and Stafi (FIS) experience significant surges in the decentralized finance (DeFi) ecosystem. Notably, Uniswap's dividend proposal successfully passes, reflecting the ongoing dynamism within this sector.Binance Introduces #Aevo : Binance adds a new asset, Aevo (formerly Ribbon Finance), a decentralized derivatives exchange specializing in options and perpetual contracts. Supported by Dragonfly Capital, Coinbase, Paradigm, and others, Aevo employs an off-chain order book with on-chain settlement using OP Stack and Celestia. The transition from RBN to Aevo tokens aims to serve as both an economic incentive and a governance token.Airdrops by Wormhole and Sage: Wormhole, a cross-chain bridge, announces an airdrop for those staking Pyth. Meanwhile, Sage, a gaming blockchain within the Cosmos ecosystem, initiates airdrops for individuals staking ATOM and TIA, contributing to the broader token distribution strategies of these projects.

#NEAR #RNDR #WLD

The SKALE Network has achieved an incredible feat, saving users an impressive $1.5 Billion USD in gas fees! This accomplishment underscores SKALE's significant impact on the blockchain industry and underscores its commitment to scalability and cost-effectiveness.

The SKALE community is rejoicing as the network surpasses the $1.5 billion USD milestone in gas fee savings. This achievement stands as a testament to the dedication of the SKALE DAO, as well as the unwavering support from the community. SKALE is unwavering in its pursuit of advancing blockchain adoption and empowering impactful decentralized applications without gas fees.

Gas fees have long posed challenges to blockchain adoption, hindering user experience and transaction execution. SKALE's groundbreaking architecture provides a solution, offering gas-free transactions akin to an AWS subscription model. This innovative approach has not only saved costs but also paves the way for mass scalability and improved usability.

SKALE's visionary model extends beyond short-term gains. With zero gas fees, robust security, and decentralization, SKALE has set a new standard for blockchain networks. Its business model, unique in the industry, aims to drive long-term success, ensuring scalability and enhanced efficiency for users.

Alongside the $1.5 Billion USD saved in gas fees, SKALE boasts remarkable achievements. With over 100 million transactions processed since June 2022 and a thriving user base of over 100,000 active users in the last 30 days, SKALE continues to shine as a leader in the blockchain space. Explore more statistics on the official stats page.

#Shibainu #cryptocurrency #bitcoin

What does Bitcoin Halving (Halvening) mean?

The Bitcoin network issues new bitcoins every 10 minutes. Initially, for the first four years of Bitcoin's existence, the number of newly issued bitcoins every 10 minutes was 50. However, this amount gets halved approximately every four years. The day when the quantity is reduced by half is referred to as a "halving" or "halvening." In 2012, the issuance of new bitcoins every 10 minutes decreased from 50 bitcoins to 25. Then in 2016, it further decreased from 25 to 12.5. In the most recent halving that took place on May 11, 2020, the reward dropped from 12.5 to 6.25 BTC per block. During the upcoming 2024 halving, the reward will decrease from 6.25 BTC per block to 3.125 BTC.

Why is Bitcoin Block Halving significant?

The halving reduces the number of new bitcoins generated per block. Consequently, the supply of new bitcoins diminishes, leading to an increase in their market value. In traditional markets, when supply decreases while demand remains steady, prices tend to rise. Similarly, Bitcoin's halving has historically preceded significant price surges, as demonstrated by the notable price increases that followed the previous three halvings.

Bitcoin Halving Schedule

The timing of Bitcoin halving is determined by block height rather than a specific date. Halving occurs approximately every 210,000 blocks. The 2024 halving will take place at block 840,000. What happens to miners during halvings? Speculation often arises about miners shutting down after a halving. However, most miners are knowledgeable about the halving and anticipate it in their operations, thereby avoiding the need to shut down any mining activities.

When will the 2024 Bitcoin Halving occur?

The 2024 halving is projected to happen between February 2024 and June 2024.

Bitcoin Halving Dates History

Let's examine the details of the two previous halvings:

2012 Halving

The first halving occurred on November 28th, 2012. The halving block was mined by SlushPool, using a Radeon HD 5800 miner.

New BTC Per Block Before: 50 BTC per block

New BTC Per Block After: 25 BTC per block

Price on Halving Day: $12.35

Price 150 Days Later: $127.00

2016 Halving

The second halving occurred on July 9th, 2016.

New BTC Per Block Before: 25 BTC per block

New BTC Per Block After: 12.5 BTC per block

Price on Halving Day: $650.63

Price 150 Days Later: $758.81

2020 Halving

The third halving took place on May 11, 2020.

New BTC Per Block Before: 12.5 BTC per block

New BTC Per Block After: 6.25 BTC per block

Price on Halving Day: $8821.42

Price 150 Days Later: $10,943.00

Current Bitcoin Block Subsidy

At present, the Bitcoin block subsidy is 6.25 bitcoins per block. When block 840,000 is reached in 2024, the subsidy will decrease to 3.125 bitcoins (BTC) per block.

Bitcoin Halving Parties Bitcoiners worldwide celebrated the 2016 halving with numerous parties in major cities such as Melbourne, Australia; Montreal, Canada; NYC, USA; London, UK; Dublin, Paris, and many others.

When will all 21 million bitcoins be mined?

All 21 million bitcoins (BTC) are expected to be mined by 2140. However, more than 98% of them will likely be mined by 2030. Is there an Ethereum Block Reward Halving Countdown? Ethereum's block reward does not undergo halving like Bitcoin, so there is no countdown for it. What is the Bitcoin Clock? The Bitcoin clock has been operational since 2011. Although the domain was allowed to expire in 2018, we have revitalized the site and restored it to its original purpose.

Is the Halving Necessary?

Yes, the halving is necessary. It is an essential mechanism by which Bitcoin regulates its supply. Once the block subsidy expires, miners will be compensated through transaction fees for securing the network.

#BTC #bitcoin #Binance #SEC #pepe

Crypto supporters have rallied behind ZachXBT, an anonymous cryptocurrency researcher who is facing a defamation lawsuit. In just 12 hours, the crypto community raised more than $500,000 to aid ZachXBT in covering his legal expenses.

The lawsuit has gained significant attention, with prominent attorney Stephen Palley joining ZachXBT's defense. This development further emphasizes the importance of protecting freedom of speech in the realm of crypto journalism.

On June 16th, ZachXBT, the anonymous crypto researcher, revealed that he had been sued for defamation. In response, the crypto community swiftly mobilized, contributing over $500,000 to support him. ZachXBT shared the lawsuit via a tweet and provided a digital wallet address for those who wished to donate towards his legal costs, which he anticipates could exceed $1 million.

The fundraising initiative resonated strongly with members of the crypto community, reflecting their concerns regarding censorship and legal threats faced by researchers. As of last Saturday morning, ZachXBT's donation address held 163 ETH, valued at approximately $290,000 at current prices, as well as around $180,000 worth of USDC, $30,000 worth of USDT, and various other cryptocurrencies. Prominent crypto figures, including Adam Cochran and Alex Svanevik, were among the notable contributors.

Noteworthy contributions to the cause include $5,000 worth of JESUS tokens and 69 billion GENSLR tokens, equivalent to $800. The latter is a meme token themed around, but not officially endorsed by, Gary Gensler, the current Chair of the Securities and Exchange Commission.

The lawsuit was filed in a Texas court and accuses ZachXBT of defaming Jeffrey Huang. ZachXBT had made allegations that Huang had misappropriated cryptocurrency from a crypto startup called Formosa Financial. In response, Huang demanded that ZachXBT remove these claims, which he vehemently denied.

ZachXBT firmly maintains that the lawsuit is groundless and an attempt to suppress his voice. This case holds significant implications as it serves as a pivotal test for free speech rights within the realm of crypto research and journalism.

#zackxbt #crypto2023 #pepe #BRC20 #SEC

Welcome back to our series on trading acronyms that can take your trading skills to the next level. In our previous post, we discussed the first ten acronyms, including TA, FA, BMO, AMC, ITM, OTM, ATM, HOD, EOD, and ER. Today, we continue our exploration with the remaining ten acronyms that will further expand your trading knowledge and empower you to make better-informed decisions in the markets. Let's delve into these acronyms:

Refer to the first post :https://www.binance.com/en-NG/feed/post/679094?ref=54178400&utm_medium=web_share_copy

1. P/E - Price-to-Earnings Ratio:

The Price-to-Earnings (P/E) ratio is a fundamental valuation metric that measures the relationship between a company's stock price and its earnings per share. It helps traders assess the relative value of a stock and compare it to industry peers.

2. ROE - Return on Equity: Return on Equity (ROE) is a financial ratio that measures a company's profitability by evaluating its net income in relation to shareholders' equity. Traders use ROE to gauge a company's ability to generate profits from shareholders' investments.

3.YTD - Year to Date: Year to Date (YTD) refers to the period from the beginning of the current calendar year until the present. Traders use YTD performance figures to analyze the overall performance of a security or investment over a specific timeframe.

4.WC - Working Capital: Working Capital (WC) represents the difference between a company's current assets and current liabilities. It indicates a company's short-term liquidity and financial health. Traders monitor WC to assess a company's ability to meet its short-term obligations.

5.ROI - Return on Investment: Return on Investment (ROI) is a financial metric that measures the profitability of an investment relative to its cost. Traders utilize ROI to evaluate the success of their trades and investment decisions.

6.BAR - Breakout and Retest: The BAR acronym refers to Breakout and Retest, a trading strategy that involves identifying a price level breakout, followed by a retest of that level. Traders utilize this strategy to confirm the strength of a breakout and identify potential entry or exit points

7. BO - Breakout: A Breakout occurs when a security's price moves above a significant resistance level or below a significant support level. Traders often see breakouts as potential buying or selling opportunities.

8.SR - Support and Resistance: Support and Resistance levels are price levels where a security tends to find buying support or selling pressure, respectively. Traders analyze these levels to anticipate potential price reversals or breakouts.

9.ROA - Return on Assets: Return on Assets (ROA) is a financial ratio that measures a company's profitability in relation to its total assets. It helps traders evaluate a company's efficiency in generating profits from its asset base.

10.NAV - Net Asset Value: Net Asset Value (NAV) represents the per-share value of a mutual fund or exchange-traded fund (ETF).

Conclusion:

Familiarizing yourself with these 20 trading acronyms can greatly enhance your trading skills. From fundamental analysis to technical indicators, these acronyms provide valuable insights and tools for making informed trading decisions. By incorporating them into your trading strategy, you can gain a competitive edge and increase your chances of success in the markets. So, start learning and applying these acronyms today to become a better trader tomorrow

#zackxbt #SEC #crypto2023 #BinanceTournament

Today, Bitcoin (BTC) has successfully surpassed the formidable 30k resistance level, marking a significant milestone in its price trajectory. This breakthrough has left many investors and enthusiasts wondering whether this marks the commencement of a bullish trend or if it is merely a transient surge before reverting back to a bearish position.

The breach of the 30k resistance level, which has been a critical psychological barrier for BTC over the recent period, has sparked a renewed sense of optimism among market participants. It signifies a resurgence in buying pressure and suggests a potential shift in market sentiment.

However, it is crucial to exercise caution and consider various factors before definitively concluding whether this upswing signifies the beginning of a sustained bull run. The cryptocurrency market is renowned for its inherent volatility and unpredictability, which necessitates a comprehensive analysis of both technical and fundamental aspects.

Analyzing the current market conditions, monitoring trading volumes, and observing key support and resistance levels will be essential in gaining a more comprehensive understanding of BTC's future trajectory. Additionally, assessing macroeconomic factors, regulatory developments, and the overall sentiment of the market will provide valuable insights into the sustainability of this upward momentum.

Given the highly speculative nature of cryptocurrencies, it is prudent to remain attentive to potential market fluctuations and closely follow the opinions of industry experts and analysts. Their insights can provide a more informed perspective on the underlying dynamics at play.

Ultimately, only time will reveal whether the recent breakthrough above the 30k resistance level heralds the beginning of an extended bullish phase or if it is merely a temporary spike. Astute investors and market participants will remain diligent in their analysis, adapt their strategies accordingly, and maintain a balanced approach to navigate the ever-evolving cryptocurrency market.

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#crypto2023 #bitcoin

Introduction:

In the fast-paced world of trading, staying ahead of the curve requires more than just market knowledge and technical skills. It involves understanding the language and acronyms used by traders to communicate effectively and gain valuable insights. In this blog post, we will delve into 20 trading acronyms that can significantly enhance your trading performance. Whether you're a seasoned trader or just starting out, incorporating these acronyms into your trading vocabulary will empower you to make informed decisions and navigate the markets with confidence.

1. TA - Technical Analysis:

Technical Analysis (TA) is a powerful tool that involves studying historical price and volume data to forecast future price movements. By analyzing charts, indicators, and patterns, traders can identify trends and make decisions based on price action rather than relying solely on fundamental factors.

2. FA - Fundamental Analysis:

Fundamental Analysis (FA) focuses on assessing the intrinsic value of a security by evaluating financial statements, industry trends, and macroeconomic factors. It helps traders determine the underlying worth of an asset and make long-term investment decisions.

3. BMO - Before Market Opens:

BMO refers to the crucial period before the market officially opens for trading. Traders utilize this time to review news, market developments, and pre-market indicators to formulate their trading strategies for the day ahead.

4. AMC - After Market Close:

AMC represents the time after regular trading hours when the market is closed. Traders often use this period to evaluate their positions, review daily performance, and analyze any after-hours news or events that may impact their trading decisions.

5. ITM - In the Money:

ITM refers to options contracts that have intrinsic value. In the case of call options, ITM means the underlying asset's price is higher than the strike price. For put options, ITM implies the asset's price is below the strike price.

6. OTM - Out of the Money:

OTM denotes options contracts that lack intrinsic value. Call options are considered OTM when the underlying asset's price is below the strike price, while put options are OTM when the asset's price is higher than the strike price.

7. ATM - At the Money:

ATM indicates options contracts where the underlying asset's price is approximately equal to the strike price. These options possess no intrinsic value and are predominantly composed of time value.

8.HOD - High of the Day:

HOD represents the highest price level achieved by a security during a trading session. Traders keenly observe the HOD as it may indicate resistance levels or potential breakout points.

9. EOD - End of the Day:

EOD signifies the close of a trading session. Traders often utilize this time to assess their positions, review their daily performance, and strategize for the following trading day.

10. ER - Earnings Report:

ER refers to a company's quarterly or annual report that discloses its financial performance. Traders carefully analyze these reports to gauge the company's financial health and anticipate potential impacts on stock prices.

In my next article we will look at the remaining 10 acronyms.

Stay tuned and do well to follow , like and share my contents.

#crypto2023 #pepe #googleai #BinanceTournament #BRC20

Introduction

The zkSync airdrop has emerged as one of the most highly anticipated events within the crypto community. As users eagerly anticipate the distribution of tokens, it is crucial to understand the steps and strategies required to be eligible for this sought-after airdrop. In this article, we delve into the essential guidelines and actions that can maximize your chances of qualifying for the zkSync airdrop, ensuring you can reap the rewards it offers.

Step 1: Establish a Presence on the Arbitrum Network

To begin the journey towards the zkSync airdrop, it is essential to transition from the Ethereum (ETH) network to the Arbitrum network. By bridging your funds from ETH to the Arbitrum network, you can access zkSync Era and participate in the airdrop seamlessly. The Arbitrum network offers lower fees compared to the ETH network, enhancing the efficiency of your transactions.

Step 2: Utilize Trusted Bridges for Fund Movement

To move your funds effectively into the zkSyncEra network, it is crucial to leverage trusted bridges. These bridges facilitate the secure transfer of your assets. Four recommended bridges are:

@BungeeExchange - bungee.exchange

@Orbiter_Finance - orbiter.finance

@zksync bridge - bridge.zksync.io

@layerswap - layerswap.io

Additionally, for users with surplus funds, @mesonFi serves as a stable-coin cross-chain bridge, providing an additional option for asset transfer.

Step 3: Strategize Your Fund Allocation

Allocate your budget wisely to optimize your eligibility for the zkSync airdrop. With a budget of $300, split it into four equal parts of $75 each. Distribute these amounts as follows:

$75 worth of ETH with @Orbiter_Finance

$75 worth of ETH with @zksync

$75 worth of USDC with @BungeeExchange

$75 worth of USDC with @layerswap

Keep in mind that gas fees may slightly reduce the overall value, but don't worry, as the potential rewards outweigh these minor expenses.

Step 4: Interact with zkSync Era Protocols

Once your funds are securely transferred, it is time to engage with various protocols within the zkSync Era network. By interacting with these protocols, you enhance your chances of qualifying for the airdrop. The four recommended protocols to engage with are:

@syncswap - syncswap.xyz/swap: A seamless and efficient DEX on zkSync Era with gas refund features. Make approximately 10 swaps involving USDC, ETH, and zkUSD to generate a substantial trading volume.

@rocifi - roci.fi: A decentralized lending and borrowing protocol with a unique credit scoring mechanism. Explore lending opportunities to maximize your eligibility for the zkSync airdrop.

@MintSquareNFT - mintsquare.io/zksync: An NFT marketplace built on zkSync. Mint your own NFTs and consider purchasing NFTs from the marketplace to enhance your participation.

@mavprotocol - app.mav.xyz: A DeFi protocol facilitating capital efficiency. Utilize the protocol's AMM to swap assets and conduct a minimum of 10 transactions.

Step 5: Seize the Opportunity with @rocifi

To further amplify your chances of qualifying for the zkSync airdrop, take advantage of rocifi, a DeFi protocol integrating zkSync. They have launched an airdrop campaign with a generous prize pool of 100,000 $ROCI tokens. Lenders have access to a pool

#crypto2023 #BinanceTournament #BRC20 #pepe #googleai

Introduction

The world of cryptocurrency has been abuzz with a revolutionary trend known as retroactive airdrops. These airdrops have garnered significant attention and have become a means of rewarding loyal users within the crypto community. From the groundbreaking UNI airdrop in 2020 to the dYdX airdrop that bestowed over $20,000 worth of tokens to its users, these events have captivated the industry and provided substantial returns to early adopters.

Exploring the Phenomenon

Retroactive airdrops involve the distribution of tokens to individuals who have previously engaged with a particular blockchain protocol or platform. Rather than following the traditional model of initial coin offerings (ICOs) or initial exchange offerings (IEOs), retroactive airdrops have emerged as a more inclusive and community-driven method of token distribution.

The Success Story of UNI

One of the most notable examples of a retroactive airdrop success story is the Uniswap (UNI) airdrop that occurred in September 2020. Uniswap, a decentralized exchange protocol built on the Ethereum blockchain, distributed 400 UNI tokens to each address that had interacted with the platform before the snapshot date. With UNI tokens initially valued at $3, the airdrop rewarded early users with a significant windfall. The impact was immense, as UNI tokens surged in value,

The Success Story of dYdX

In a similar vein, dYdX, a decentralized derivatives trading platform, made waves in the crypto community with its retroactive airdrop. The platform rewarded its loyal users with an astonishing amount of over $20,000 worth of tokens. This unexpected and generous gesture not only served as a token of appreciation for their support but also provided users with substantial financial gains.

The Power of Retroactive Airdrops

Retroactive airdrops have proven to be a powerful tool for blockchain projects to engage and retain their user base. By incentivizing early adopters and active participants, these airdrops create a sense of community and loyalty, driving long-term growth and adoption.

Conclusion

As the crypto space continues to evolve, retroactive airdrops have emerged as a compelling means of rewarding users and fostering community engagement. From the UNI airdrop to the dYdX airdrop, these events have demonstrated the transformative potential of such initiatives.

In my next article, I will be walking you through step-by-step process to follow in order to be eligible for upcoming/future retroactive drops.