โ๏ธ Crypto Slang Terms #26: Your Guide to the Cryptoverse ๐
๐ก Ready to join BSCS & explore five blockchain words? Let's improve your crypto knowledge!
โน๏ธ Trading Bot: An application that executes trades automatically within pre-configured parameters and environments.
๐๐ป Example: SolTradingBot, Maestro
โน๏ธ Trading Volume (Volume): The total number of shares or coins traded within a given period.
๐๐ป Example: $BTC Trading Volume in the last 24 hrs is $28,150,841,047
โน๏ธ TradingView: TradingView.com is one of the most advanced and reputable charting analysis and trading platforms used for stock, crypto, and other asset classes.
๐๐ป TradingView Official Website
โน๏ธ Traditional Finance (TradFi): The financial system that exists apart from blockchain, cryptocurrency, and decentralized finance (DeFi)
โน๏ธ Traditional Value Chain: A system used for creation, distribution, trading, clearing and settlement, custody, and other financial services within the securities value chain.
๐ช Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!
โญ๏ธ BSCS Official Media Channels:
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๐ก Ready to join BSCS & explore five blockchain words? Let's improve your crypto knowledge!
๐๐ป Example: SolTradingBot, Maestro
๐๐ป Example: $BTC Trading Volume in the last 24 hrs is $28,150,841,047
๐๐ป TradingView Official Website
๐ช Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!
โญ๏ธ BSCS Official Media Channels:
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Time is ticking, meme maestros! Just one week left to showcase your meme skills and win daily rewards. Donโt miss your chance to shine!
๐ Get the resources Here
๐ Unleash your creativity, create unique BSCS memes
๐ Share your artwork at
๐ BSCS Global Telegram Group
๐ This Tweet
๐ Keep the fire burning! Daily sweet treats are awaited for everyone!
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๐ Better than Yesterday #40: Prevent Financial Crime in Crypto Part 2
While KYC is a widely adopted measure to deter illegal activities, its effectiveness in the complex world of cryptocurrencies remains a topic of debate.
In this follow-up, we will explore KYC's limitations more thoroughly and assess whether it truly provides the level of security we expect.
โน๏ธ Do KYC Effectively Prevent Crime?
Even with KYC in place, financial institutions in the USA report average losses of $102M due to scams.
Nearly half of these crimes are committed by unauthorized parties who take over accounts.
This shows that KYC alone isnโt enough to stop fraud, especially as identity theft continues to rise.
The responsibility doesnโt rest solely on KYC processes but also on the security measures implemented by individuals and financial institutions.
โน๏ธ Why Is There No Clear Solution?
Criminals quickly adapt to new technologies, while regulations take years to catch up.
Crypto's borderless nature adds complexity, making it hard to create effective global regulations. Even with strict laws, traditional finance still faces financial crime.
โน๏ธ What Can Be Done?
Global regulations and blockchain ID validation might help, but they wonโt completely solve the problem.
The real solution lies in ethical growth โ using technology responsibly to harness the benefits of crypto without enabling crime.
๐ฐ Read Detailed Article Here
๐ Prevent Financial Crime in Crypto Part 1
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
While KYC is a widely adopted measure to deter illegal activities, its effectiveness in the complex world of cryptocurrencies remains a topic of debate.
In this follow-up, we will explore KYC's limitations more thoroughly and assess whether it truly provides the level of security we expect.
Even with KYC in place, financial institutions in the USA report average losses of $102M due to scams.
Nearly half of these crimes are committed by unauthorized parties who take over accounts.
This shows that KYC alone isnโt enough to stop fraud, especially as identity theft continues to rise.
The responsibility doesnโt rest solely on KYC processes but also on the security measures implemented by individuals and financial institutions.
Criminals quickly adapt to new technologies, while regulations take years to catch up.
Crypto's borderless nature adds complexity, making it hard to create effective global regulations. Even with strict laws, traditional finance still faces financial crime.
Global regulations and blockchain ID validation might help, but they wonโt completely solve the problem.
The real solution lies in ethical growth โ using technology responsibly to harness the benefits of crypto without enabling crime.
๐ฐ Read Detailed Article Here
๐ Prevent Financial Crime in Crypto Part 1
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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๐ Hereโs a sneak peek at the venue where all the magic will happen!
๐พ Swipe through the images to get a glimpse of the stunning location that will host this transformative event.
๐ Date: September 16th
๐ Venue: Hopscotch Bar Singapore (Gardens by the Bay)
๐ Register Here ๐
๐ Donโt miss out on this opportunity to be at the forefront of technological convergence! See you there!
โญ๏ธ BSCS Official Media Channels:
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Which of the following factors do you believe will have the most significant impact on the blockchain market in the future?
Anonymous Poll
43%
Regulatory Changes
16%
Technological Advancements
32%
Adoption by Traditional Industries
5%
Environmental Concerns
3%
Others, share in comments
The clock is ticking fast! Only 72 hours left to join the meme battle and earn your place among the winners. Time to get those creative juices flowing!
๐ Get the resources Here
๐ Unleash your creativity, create unique BSCS memes
๐ Share your artwork at
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๐ Join the fun and donโt miss out those sweet daily rewards!
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After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!
๐๐ป Let's see if you missed any news!
I. New Partner
II. Event and Highlight News
III. Education
IV. Under Development
๐ DEX View
- Optimize and enhance the overall user experience
V. Communities
โข Telegram Channel: 88,512
โข Twitter: 416,170
โข Youtube: 18,400
โข Facebook: 11,874
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๐Weekly Market Highlights #113: August 26 - September 1
โจIt wasnโt a good week for BTC, which dropped around 11% and fell below $58K by the end of the day. Altcoins also saw big weekly losses.
โจOver the past week, the crypto market total capitalization decreased by ~$231B (from ~$2,263B to ~$2,031B).
โจBTC Down 11% Weekly
โ BTC's recent price movements took unexpected turns. The Bears moved after climbing to $64K over the weekend and hitting a three-week high of just over $65K on Monday. By Wednesday, BTC had dropped to $58K, erasing $7K in losses.
โ Friday saw the price dip further to $57.7K after failing to break through the $60K level on Thursday. Despite attempts to recover, BTC has struggled to hold above $59K and recently fell below $58K once again.
โ BTC has fallen ~11% over the past week, but its dominance on CoinMarketCap remains strong at 56.4%.
โจAlts Turn Red
โ As BTC dominance rises during its retracements, altcoins are experiencing even greater losses.
โ ETH has fallen 9.5% since last Friday and now hovers below $2,5K, struggling due to weak demand for ETH ETFs in the U.S. BNB is down 8.6%, XRP 6.6%, DOGE 8.2%, ADA 9%, SHIB 7.5%, and LINK nearly 10%.
โ The largest drops among major altcoins are SOL and AVAX, both down around 15% to $132 and $22, respectively.
โ TON is slightly in the green on a weekly scale, but thatโs misleading since it plummeted last Saturday after the arrest of Telegramโs CEO, Pavel Durov.
โ The crypto market cap has lost over $231 billion in just seven days.
โ Total 2 Index (Marketcap excluding BTC) is now at $840B
โจBitcoin Fear and Greed Index is 26 - Fear, higher than at the beginning of the week (55)
โจDominance:
โ BTC: 56.4%
โ ETH: 14.6%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
โจIt wasnโt a good week for BTC, which dropped around 11% and fell below $58K by the end of the day. Altcoins also saw big weekly losses.
โจOver the past week, the crypto market total capitalization decreased by ~$231B (from ~$2,263B to ~$2,031B).
โจBTC Down 11% Weekly
โ BTC's recent price movements took unexpected turns. The Bears moved after climbing to $64K over the weekend and hitting a three-week high of just over $65K on Monday. By Wednesday, BTC had dropped to $58K, erasing $7K in losses.
โ Friday saw the price dip further to $57.7K after failing to break through the $60K level on Thursday. Despite attempts to recover, BTC has struggled to hold above $59K and recently fell below $58K once again.
โ BTC has fallen ~11% over the past week, but its dominance on CoinMarketCap remains strong at 56.4%.
โจAlts Turn Red
โ As BTC dominance rises during its retracements, altcoins are experiencing even greater losses.
โ ETH has fallen 9.5% since last Friday and now hovers below $2,5K, struggling due to weak demand for ETH ETFs in the U.S. BNB is down 8.6%, XRP 6.6%, DOGE 8.2%, ADA 9%, SHIB 7.5%, and LINK nearly 10%.
โ The largest drops among major altcoins are SOL and AVAX, both down around 15% to $132 and $22, respectively.
โ TON is slightly in the green on a weekly scale, but thatโs misleading since it plummeted last Saturday after the arrest of Telegramโs CEO, Pavel Durov.
โ The crypto market cap has lost over $231 billion in just seven days.
โ Total 2 Index (Marketcap excluding BTC) is now at $840B
โจBitcoin Fear and Greed Index is 26 - Fear, higher than at the beginning of the week (55)
โจDominance:
โ BTC: 56.4%
โ ETH: 14.6%
๐ฃSee you next week!
Website | Telegram | Substack | Twitter | Discussion
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๐ป๐ณ Happy Vietnam National Day! ๐ป๐ณ
โญ๏ธ Today, we celebrate the 79th anniversary of the National Day of the Socialist Republic of Vietnam (September 2, 1945 - September 2, 2024), a day of immense historical significance, marking the birth of an independent, free, and sovereign nation.
๐ถ๏ธ We want to extend our warmest congratulations to the Vietnamese community of BSCS!
๐ซก This is not only a time to remember and honor those who sacrificed for the nation's independence but also an opportunity to unite and strive together to build a more prosperous country.
๐ฅ The patriotism and unity of the Vietnamese people have been and will continue to be, a powerful driving force in the nation's development.
๐ May Vietnam continue to progress, grow stronger, and achieve lasting happiness!
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
โญ๏ธ Today, we celebrate the 79th anniversary of the National Day of the Socialist Republic of Vietnam (September 2, 1945 - September 2, 2024), a day of immense historical significance, marking the birth of an independent, free, and sovereign nation.
๐ซก This is not only a time to remember and honor those who sacrificed for the nation's independence but also an opportunity to unite and strive together to build a more prosperous country.
๐ฅ The patriotism and unity of the Vietnamese people have been and will continue to be, a powerful driving force in the nation's development.
๐ May Vietnam continue to progress, grow stronger, and achieve lasting happiness!
โญ๏ธ BSCS Official Media Channels:
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๐ธ Check out some of the moments we've captured so far!
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๐ Get the resources Here
๐ Unleash your creativity, create unique BSCS memes
๐ Share your artwork at
๐ BSCS Global Telegram Group
๐ This Tweet
๐ Join the fun and donโt miss out those sweet daily rewards!
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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๐ Turning Up the Volume on DePIN Alliance: Where DePIN, AI & IP converge into RWA with U2U Network and JDI!
๐ฅ Weโre thrilled to become a media partner for DePIN Alliance: Where DePIN, AI & IP converge into RWA - Powered by U2U Network and JDI Ventures, a side event of TOKEN2049!
๐ Date: September 16th, 12PM - 5PM (UTC+8)
๐ Venue: Hopscotch Bar Singapore (Gardens by the Bay)
๐ Register Here ๐
๐ The event promises to deliver exciting experiences by bringing together many renowned leaders in the crypto and blockchain industry.
A unique opportunity to engage with global blockchain innovators & 10+ top-tier VCs managing portfolios exceeding $1B, including prominent names!
๐ถ Weโre proud to contribute to the growth of the DePIN ecosystem, and we believe this event will play a key role in shaping its future.
๐ Stay tuned with us and U2U Network for the latest insights and updates from the event
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
๐ Date: September 16th, 12PM - 5PM (UTC+8)
๐ Venue: Hopscotch Bar Singapore (Gardens by the Bay)
๐ Register Here ๐
A unique opportunity to engage with global blockchain innovators & 10+ top-tier VCs managing portfolios exceeding $1B, including prominent names!
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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๐๐ป BSCS "Meme Time" Event - Officially Ended! ๐
โค๏ธ A round of applause to all the creative minds! The BSCS "Meme Time" Event has officially ended with huge success!
๐ Winners will be revealed soon. Stay tuned for the big announcement!
๐ Reward: 150 USDT
๐ถ Daily Winners: 5 USDT/each for 2 winners per day
โผ Note
โ
Meme must have BSCS logo
โ
User must public Telegram Username
โ
Our decision is final in all case
๐ We appreciate all the active participation and are eager for more exciting events in the future!
๐ถ BSCS Official Media Channels:
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๐ Winners will be revealed soon. Stay tuned for the big announcement!
๐ We appreciate all the active participation and are eager for more exciting events in the future!
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