✅🚀🫡PancakeSwap Community Proposes a 40% Reduction in Total Supply of CAKE
Relationship Between Supply Limit and Price in Altcoins
Altcoins are typically characterized as decentralized digital assets with a limited supply. Having a specific supply limit, and especially keeping it low, can contribute to the asset being viewed as a potential store of value, as a limited supply generally supports an increase in value. Moreover, most altcoins are generally resistant to inflation. Once a certain supply limit is reached, the issuance of new tokens/coins stops, which helps prevent inflation. In traditional currencies, central banks often control the money supply, which can introduce risks of inflation or devaluation.🤝 #cake #kripto #supply
🚀With Bitcoin ETF Approval, Bitcoin Price Will Reach 50 thousand dollars - Matrixport Research Report
Matrixport's Bold Predictions
The latest report from financial giant Matrixport caused excitement by predicting significant growth for Bitcoin in 2024, pointing to a 95% probability of an approved spot ETF. Here's a look at their projections. According to Matrixport Research, if the US SEC gives the green light to ETFs, Bitcoin will reach the $50,000 milestone in January 2024. With the ETF's approval likely to be accepted by the firm, ETF applicants continued to negotiate with the SEC as recent Bitcoin prices rose to $44,000. #btc #etf 🚀
Envisioning Dego as a world incubator in 2024, we are actively developing projects in the BTC, Depin, DeSci and GameFi sectors. To help our future development, we propose to abolish the DEGO Transfer Tax.#web3 #btc
Analiz Şirketi Kripto para analiz firması Layergg geçtiğimiz günlerde Binance'ten yatırım almış ancak henüz platformunda listelenmemiş projelerin ilgi çekici bir analizini yayınladı.
Analistlere göre Richard Teng'in CEO olarak atanmanın ardından Binance'in token listeleme stratejisinde bir değişim yaşandı.
BlackRock, the world's largest asset manager, surprised industry experts with its entry into the cryptocurrency ETF race. "I didn't think BlackRock was even looking at this," said Eric Balchunas, Senior ETF Analyst at Bloomberg, expressing disbelief in the development.
On the Blockworks Macro podcast, Balchunas emphasized the importance of BlackRock's filing considering its dominant position in the financial market. He explained: "The BlackRock filing is just mind-boggling. There's so much going on; you think about it and then Larry, I, you know, we all remember him trashing crypto five years ago. So, it didn't make sense to me. And so, when I saw it , I was like, “Oh my God.”
Initially confirming just 1%, the analyst noted that BlackRock's entry quickly increased those rates to 50%. He speculated about BlackRock's motivations and suggested an income opportunity and a chance to disrupt crypto exchanges that are perceived as expensive and potentially unreliable.
The analyst connected the dots further by saying that BlackRock has the potential to act as a disruptor in the crypto space. He discussed their previous emphasis on ESG (Environmental, Social and Governance) funds facing challenges and suggested that BlackRock sees a new opportunity in the crypto ETF market.
Grayscale's recent victory in a legal case also played a crucial role in improving the chances of overall ETF approval. Balchunas emphasized the change in the SEC's approach with active participation and feedback, breaking the pattern of radio silence observed in previous years. However, he suggested that BlackRock's entry makes them the favorites, given their large distribution networks and widespread trust among advisors. #blackrock #Bloomberg #kripto #etf #bitcoin
🚨🚨🚨 This week, it was revealed that a hacker named Miembro gained access to the data request portal of the Binance cryptocurrency exchange and sold this access for 10 thousand dollars. This portal was created for law enforcement and government officials and contained sensitive information of Binance users. According to the hacker, the stolen information includes users' e-mail addresses, phone numbers, wallet addresses and exchange IDs. However, as of now, there is no clear information about whether this data is sold or how much of it is sold.
Exact information on how access to Binance's data portal is provided is not yet available. Security researchers claim that Binance gave law enforcement access to Kodex Global, and the hacker took control of the portal by infecting computers in Taiwan, Uganda and the Philippines with malware.
Cyber security experts who contacted Binance have not yet received any official statement from the exchange. Although the stolen data does not allow direct manipulation of Binance accounts, users' private information is at risk and this may expose them to various cyber threats.
After the incident, Hudson Rock security team warned all Binance users to activate two-factor authentication (2FA) and update their passwords. A similar situation previously occurred when customer data of hardware wallet provider Ledger was stolen, and users received threats from hackers.
🚨X social media platform (formerly Twitter) experienced a global outage. Reports have emerged showing that the Twitter timeline is no longer refreshing for users across various devices. Despite being able to log in and access the site, users are greeted with static pages without real-time updates.
This outage affects both web and mobile versions, causing users to be unable to see new tweets.
The issue was first noticed earlier today and has since escalated, affecting millions around the world.
There has been a sharp increase in reports, with more than 67,000 incidents recorded as of 7:43 a.m., according to data from outage tracking website DownDetector.#elonMusk