Other ways to say - It's cold 🥶

✔️ It's freezing!
✔️ It's so chilly out here.
✔️ I can see my breath, it's that cold.
✔️ I'm shivering, it's freezing.
✔️ It's bone-chillingly cold.
✔️ I can't feel my fingers, it's so cold.
✔️ The cold is biting today.
✔️ It's frosty.
✔️ It's teeth-chattering cold.
✔️ It's numbingly cold.

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❤️English Academy✅

❗️The Most Popular Scam Method in the Second Quarter ❗️

👀 The most common way cryptocurrency users were scammed was through the honeypot scheme. 🍯🧸 In this scheme, investors are lured into buying useless and illiquid assets that cannot be sold. 🤷

Scammers create a smart contract and entice victims with promises of high returns, aggressively pushing them to buy. After purchasing the asset, users see the price rising and are in no rush to sell.

However, when they eventually decide to sell, they discover that selling the tokens is impossible. The scammer then withdraws the victims' funds. Even experienced investors often fail to recognize honeypot schemes. 🤔

Crypto News | Lessons ✅️

JUST IN: 🇷🇺 Russian authorities plan to legalize stablecoins for cross-border payments — Deputy Chairman of the Central Bank of the Russian Federation.

Crypto News | Lessons ✅️

Normal 🔹 Advanced

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Today is Independence Day in the USA

⬆️ Here’s what Bitcoin’s price was on this day in different years (this chart was obviously made in advance, today it's already $57,000 😂).⬆️

👀 But it seems the US government ran out of money for fireworks and decided to sell some more Bitcoin. Today, they transferred nearly 250 BTC (over $14 million) to an unknown wallet!

Crypto News | Lessons ✅️

Hong Kong Criminals Demand 660,000 USDT for Child’s Ransom

🥷 On July 3rd, a group of individuals orchestrated the kidnapping of a three-year-old boy from a shopping mall in Hong Kong, demanding a ransom of 660,000 USDT. 🙀 Local media reports confirm the incident.

The abduction was captured on surveillance cameras, showing a man leading the child away while covering his mouth with a cloth. 😡

👺The kidnappers then contacted the boy's parents via Telegram, urging them not to call the police “for the safety of the child.” To secure the boy’s release, the criminals demanded the parents buy USDT “on the over-the-counter market” and transfer the funds to their wallet.

🕵️‍♂️ Police officers from the Organized Crime and Triad Bureau took on the investigation, although it is unclear who informed them about the kidnapping.

👮‍♂️On the morning of July 4th, authorities reported the successful arrest of two suspects and the rescue of the child. The police have not yet released further details.

Crypto News | Lessons ✅️

Soft Cap and Hard Cap in Crypto Fundraising

Did you know that soft cap and hard cap are crucial terms in crypto fundraising? Initial coin offerings (ICOs) and token sales often use these targets to manage funds effectively and ensure project success.

■ Soft Cap: This is the minimum amount a project needs to proceed. If the soft cap isn’t reached, the project might be canceled, and investors get refunds.

■ Hard Cap: This is the maximum amount a project will accept to prevent overfunding. Once the hard cap is hit, the project stops accepting further contributions.

For instance, imagine a new decentralized exchange setting a $5 million soft cap and a $15 million hard cap. If only $3 million is raised, the project fails, and funds are returned. But if $15 million is reached, the fundraising ends, and the project moves forward.

Understanding these caps helps investors make informed decisions, supporting projects with a higher chance of success.

Crypto News | Lessons ✅️

🕔 Tenses in English

🔻 Past
Simple - I learned.
Continuous - I was learning.
Perfect - I had learned.
Perfect continuous - I had been learning.

🔻 Present
Simple - I learn.
Continuous - I am learning.
Perfect - I have learned.
Perfect continuous - I have been learning.

🔻 Future
Simple - I will learn.
Continuous - I will be learning.
Perfect - I will have learned.
Perfect continuous - I will have been learning.

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❤️English Academy✅

⬆️ The chart of Germany's Bitcoin balance 📉

Again and again, Warren Buffett's truth is recalled that the market is a mechanism for redistributing wealth from the impatient to the patient. 🧐

😎 And Justin Sun, who previously proposed buying all bitcoins owned by the German government in the OTC market to reduce price pressure, made a mocking comment about the German national football team:

The reason the German team lost the game in this European Championship might be because they sold too much Bitcoin.

😂😂😂

Crypto News | Lessons ✅️

How the Solana Office Has Changed in 5 Years Since the Project's Launch

They started, as it should be— in a garage.😎

Starting in a garage is almost a rite of passage for many tech startups. 🚀

Crypto News | Lessons ✅️

🇮🇳 JUST IN: Bitget is pursuing regulatory compliance in India.

More Info

Crypto News | Lessons ✅️

Synonyms | Antonyms | Homophones

English | Crypto Academy ✅️

Inflation in cryptocurrencies

In the crypto world, just as in the real world, there is inflation, an asset depreciating over time.

Inflation in cryptocurrencies occurs when too many new coins are issued.

A clear example is the cryptocurrency Dogecoin (DOGE). Dogecoin has no limit on the number of coins that can be issued, and up to 5.2 billion new DOGE can be created each year. Similarly, when new dollars are printed, Dogecoin depreciates slightly each year.

Bitcoin, on the other hand, is not subject to inflation; since the total number of Bitcoin can never exceed 21 million, the coin is protected from depreciation.

But frankly speaking, investors barely pay attention to this. Since crypto is very volatile, this 2%–3%–4% annual inflation has almost no effect on anything.

However, if you come across a coin with suspicious tokenomics—e.g., they’ve made it possible to issue an unlimited number of tokens during any period—this should definitely be taken into account when making investment decisions.

English | Crypto Academy ✅️

Scammers Fell for Their Own Trick and Lost 10 ETH ($30,000)! 🙀

👚 The notorious group Pink Drainer, known for stealing cryptocurrency from wallets, became victims of an address poisoning attack (spam transactions). 😁

🧪 Spam transaction fraud occurs when scammers send small amounts to a wallet from addresses that resemble the user's address. Some users copy addresses from their recent transaction history when sending funds, leading to the loss of crypto assets. Recently, a user lost 1,155 WBTC due to such a scheme (the funds were later returned).

English | Crypto Academy ✅️

TRADING FACTS YOU WISH YOU KNEW

English | Crypto Academy ✅️

Crypto Investing Strategies: Long-term vs. Short-term

When considering long-term vs. short-term crypto investing strategies, it's important to understand their differences and benefits:

⭐️ Long-term Investing:

🟢Focus: Long-term investors prioritize the fundamental value of a cryptocurrency project and its potential for sustained growth over time.

🟢Hold Period: They typically hold onto their investments for months to years, aiming to capitalize on the overall upward trajectory of the market.

🟢Benefits: Long-term investors benefit from the compounding effect of market growth and are less affected by short-term price fluctuations.

🟢Risk Management: They are generally less concerned with day-to-day volatility and focus on the project's fundamentals and long-term viability.

🟢 Strategies: Dollar-cost averaging (DCA) and buying and holding are common long-term strategies.

To be continued 🔺

English | Crypto Academy ✅️

The Crypto Fear and Greed Index provides a score of 0 to 100 for crypto market sentiment. It’s based on the CNNMoney Fear and Greed Index for analyzing the stock market. 
Fear (a score of 0 to 49) indicates undervaluation and excess supply in the market. Greed (a score of 50 to 100) suggests an overvaluation of cryptocurrencies and a possible bubble.

⚡0-24: Extreme fear (orange)
⚡25-49: Fear (amber/yellow)
⚡50-74: Greed (light green)
⚡75-100: Extreme greed (green)

Noticing changes in the level of fear and greed can become part of your trading strategy when choosing to enter or exit the crypto market.

English | Crypto Academy ✅️

⭐️Short-term Investing:

🟢Focus: Short-term investors seek to profit from short-term price movements by buying and selling cryptocurrencies within a shorter time frame.

🟢Hold Period: Their holding periods can range from minutes to days, with trades executed based on technical analysis, market trends, and trading indicators.

🟢Benefits: Short-term traders can potentially generate quick profits by taking advantage of market volatility and price fluctuations.

🟢Risk Management: Short-term trading involves higher risk due to rapid market movements, requiring strict risk management strategies, such as stop-loss orders and position sizing.

🟢Strategies: Day trading, scalping, and swing trading are common short-term trading strategies.

Choosing between long-term and short-term strategies depends on factors such as risk tolerance, investment goals, and time commitment. Some investors may opt for a combination of both strategies to diversify their portfolio and manage risk effectively.

English | Crypto Academy ✅️

Support level and resistance level

Today’s post is serving up a little bit of trading theory, so let’s discuss two important concepts.

“Support” and “resistance” levels are key terms in the cryptocurrency market.

A support level is a price point where a coin’s rate falls but cannot break down. That is, investors consider this point attractive to buy the asset and, thus, stop its fall by actively buying.

A resistance level is a price point that a coin’s rate is hitting but cannot overcome upward. Because investors begin to sell actively, and the price goes down.

Analyzing these levels helps to predict further price movements and form a successful trading strategy.

English | Crypto Academy ✅️

Are crypto transactions anonymous?

Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.

Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.

However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).

For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.

Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.

English | Crypto Academy ✅️

4 Mistakes New Crypto Investors Make

1️⃣ Following Hype: The crypto market is prone to hype. Simpleatom's approach, based on thorough market analysis, emphasizes decisions made on solid data over temporary trends.

2️⃣ Overlooking Risk Management: Newbies often neglect risk management. Simpleatom's algorithm aims to reduce losses, emphasizing the importance of stop-loss orders and diversification.

To be continued ↔️

English | Crypto Academy ✅️