Crypto speak: Gas wars
This is a phenomenon in the Ethereum ecosystem where users compete with one another by offering higher gas fees to get miners to process their transactions faster.
During periods of high network congestion, if you don’t want to wait, just pay a higher gas fee, and your transaction will be prioritized.
This is a phenomenon in the Ethereum ecosystem where users compete with one another by offering higher gas fees to get miners to process their transactions faster.
During periods of high network congestion, if you don’t want to wait, just pay a higher gas fee, and your transaction will be prioritized.
1. CZ stated that all governments should track their spending on the blockchain - after all, “it's called government spending for a reason.”
2. Ilon Musk discusses the possibility of using blockchain to make the US government more efficient.
Crypto is becoming more and more interesting at the government and state level
2. Ilon Musk discusses the possibility of using blockchain to make the US government more efficient.
Crypto is becoming more and more interesting at the government and state level
Crypto Speak: Yield Risk
Yield risk in crypto is the potential decline in expected returns, often caused by market volatility, fluctuating interest rates, or project-specific challenges. Imagine anticipating a 20% yield on your investment, only for a sudden market downturn to slash it to 5%. Such risks can derail long-term financial goals.
Factors like staking returns, regulatory changes, liquidity issues, and even smart contract vulnerabilities in DeFi contribute to yield risk. Impermanent loss, for instance, can reduce profits for liquidity providers. By staying informed and diversifying portfolios, investors can navigate these challenges more effectively.
Proactive strategies and continuous monitoring are crucial for managing yield risk and safeguarding your investments.
Yield risk in crypto is the potential decline in expected returns, often caused by market volatility, fluctuating interest rates, or project-specific challenges. Imagine anticipating a 20% yield on your investment, only for a sudden market downturn to slash it to 5%. Such risks can derail long-term financial goals.
Factors like staking returns, regulatory changes, liquidity issues, and even smart contract vulnerabilities in DeFi contribute to yield risk. Impermanent loss, for instance, can reduce profits for liquidity providers. By staying informed and diversifying portfolios, investors can navigate these challenges more effectively.
Proactive strategies and continuous monitoring are crucial for managing yield risk and safeguarding your investments.
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🕯 Arthur Hayes predicts that BTC could experience a sharp correction in the short term, with prices falling from current levels to $70,000 - $75,000, triggering a minor financial crisis.
🔺 After global Central Banks resume quantitative easing, BTC is expected to soar to $250,000 by the end of the year.
🔺 After global Central Banks resume quantitative easing, BTC is expected to soar to $250,000 by the end of the year.
💸 Over the past 12 years, the price of one ounce of gold has dropped from 732 BTC to just 0.02 BTC.
At this rate, in 10 years, an ounce of gold might cost... 0.00000315 BTC. 🚀
In other words, Bitcoin strengthens against gold by an average of 37x per year.
Someone should probably check on Peter Schiff—he might need a hug. 🤣
At this rate, in 10 years, an ounce of gold might cost... 0.00000315 BTC. 🚀
In other words, Bitcoin strengthens against gold by an average of 37x per year.
Someone should probably check on Peter Schiff—he might need a hug. 🤣
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💵 $85.6 million in profit per employee
That's how much profit is made per employee alone at Tether.
🤑 The company is likely the most profitable per employee in the world.
Meanwhile, at other leading companies:
Goldman Sachs - $288,172
Meta Platforms - $455,586
Apple - $571,341
NVIDIA - $1,006,757.
Not a bad argument for a pay raise 😁
That's how much profit is made per employee alone at Tether.
🤑 The company is likely the most profitable per employee in the world.
Meanwhile, at other leading companies:
Goldman Sachs - $288,172
Meta Platforms - $455,586
Apple - $571,341
NVIDIA - $1,006,757.
Not a bad argument for a pay raise 😁
Trump made more than $802 million on his TRUMP memcoin - Coinbase's Conor Grogan.
Amounts include:
- $482M in USDC, TRUMP, SOL transferred to exchanges;
- $240M in out-of-band liquidity and $50M in in-band liquidity;
- $29.3 million in USDC commissions.
He noted that the $16 billion in TRUMP tokens remaining with the project team has not been accounted for.
Amounts include:
- $482M in USDC, TRUMP, SOL transferred to exchanges;
- $240M in out-of-band liquidity and $50M in in-band liquidity;
- $29.3 million in USDC commissions.
He noted that the $16 billion in TRUMP tokens remaining with the project team has not been accounted for.
A quick tip when choosing a cold wallet:
Before purchasing a wallet, ensure that it supports the cryptocurrencies you intend to store in it.
Different devices support different coins (and some cryptocurrencies cannot be stored in cold storage at all).
It would be disappointing if you finally receive your long-awaited Trezor, only to find out that you cannot hold APTOS cryptocurrency in it (for example). Conversely, Ledger allows it🙂
Don't forget to check the supported assets section on the wallet's website before making a choice!
Before purchasing a wallet, ensure that it supports the cryptocurrencies you intend to store in it.
Different devices support different coins (and some cryptocurrencies cannot be stored in cold storage at all).
It would be disappointing if you finally receive your long-awaited Trezor, only to find out that you cannot hold APTOS cryptocurrency in it (for example). Conversely, Ledger allows it🙂
Don't forget to check the supported assets section on the wallet's website before making a choice!
Since Q3 2020, MicroStrategy's bitcoin assets have grown from $0.4 billion to $41.8 billion.
But because they have been steadily building their position (thereby increasing their underlying value), their actual return is only +50%.
For comparison, since the third quarter of 2020:
BTC bitcoin itself is up 947%.
MicroStrategy MSTR stock is up a staggering +2,672%.
But because they have been steadily building their position (thereby increasing their underlying value), their actual return is only +50%.
For comparison, since the third quarter of 2020:
BTC bitcoin itself is up 947%.
MicroStrategy MSTR stock is up a staggering +2,672%.
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A hapless cryptan who accidentally threw away a hard drive with 8,000 BTC wants to buy the landfill where his riches rest.
Authorities have just decided to close a landfill in Newport, and James Howells is fired up with the idea of buying the dump and finding his bitcoins after all.
In 2013, Howells' ex-wife (you know why ex-wife) threw away the hard drive from his broken laptop.
Authorities have just decided to close a landfill in Newport, and James Howells is fired up with the idea of buying the dump and finding his bitcoins after all.
In 2013, Howells' ex-wife (you know why ex-wife) threw away the hard drive from his broken laptop.