BankofAmerica says Chain could accelerate the adoption of next-generation blockchain use across finance, insurance, supply chain, gaming and gambling.
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
Binance rebranded Binance Smart Chain
The trading platform announced this in a press release.
Within the program Beyond Binance, Binance Smart Chain network is now called BNB Chain.
Under BNB Chain representatives from Binance mean several networks, namely:
BNB Beacon Chain (formerly Binance Chain) - for BNB management (staking, voting).
BNB Smart Chain (BSC) (formerly Binance Smart Chain) - for compatibility with EVM, consensus building.
What exactly was the reason for the rebranding is unknown yet.
Representatives of Binance said that the combination of different blockchain projects within the BNB Chain allows to create a "complete parallel ecosystem", serving users from around the world.
💎 @TgBitcoin
The trading platform announced this in a press release.
Within the program Beyond Binance, Binance Smart Chain network is now called BNB Chain.
Under BNB Chain representatives from Binance mean several networks, namely:
BNB Beacon Chain (formerly Binance Chain) - for BNB management (staking, voting).
BNB Smart Chain (BSC) (formerly Binance Smart Chain) - for compatibility with EVM, consensus building.
What exactly was the reason for the rebranding is unknown yet.
Representatives of Binance said that the combination of different blockchain projects within the BNB Chain allows to create a "complete parallel ecosystem", serving users from around the world.
💎 @TgBitcoin
Berkshire Hathaway’s Charlie Munger Says Government Should Ban Bitcoin — Calls Crypto ‘Venereal Disease’
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, wishes crypto would be banned immediately. He says the government made “a huge mistake” to allow cryptocurrencies, like bitcoin. “It’s like a venereal disease,” he opined.
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👉🏼 @TgBitcoin
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, wishes crypto would be banned immediately. He says the government made “a huge mistake” to allow cryptocurrencies, like bitcoin. “It’s like a venereal disease,” he opined.
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👉🏼 @TgBitcoin
SAND token staking support added to Polygon
SAND staking has been around before, but only in Ethereum pools.
Now the staking option will also be available for tokenized SANDs on Polygon called mSAND.
To start staking tokens, SAND owners first need to connect their assets to Polygon via so-called "bridges."
The bridge itself in The Sandbox has already been integrated into the game.
Once connected to Polygon, users can choose a SAND/mSAND pair to tokenize assets.
The developers note that the process of approving the transaction can take from 20 to 30 minutes. Once approved, the wallet will be topped up with mSAND tokens.
Amid the news, the price of SAND jumped nearly 8% to $4.2 and the project's market capitalization rose to $4.5 billion.
💎 @TgBitcoin
SAND staking has been around before, but only in Ethereum pools.
Now the staking option will also be available for tokenized SANDs on Polygon called mSAND.
To start staking tokens, SAND owners first need to connect their assets to Polygon via so-called "bridges."
The bridge itself in The Sandbox has already been integrated into the game.
Once connected to Polygon, users can choose a SAND/mSAND pair to tokenize assets.
The developers note that the process of approving the transaction can take from 20 to 30 minutes. Once approved, the wallet will be topped up with mSAND tokens.
Amid the news, the price of SAND jumped nearly 8% to $4.2 and the project's market capitalization rose to $4.5 billion.
💎 @TgBitcoin
Ukraine already trades more crypto than fiat currency
The volume of crypto transactions each day, about $150 million, exceeds the volume of interbank exchanges in fiat currency.
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👉🏼 @TgBitcoin
The volume of crypto transactions each day, about $150 million, exceeds the volume of interbank exchanges in fiat currency.
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👉🏼 @TgBitcoin
Analysts explained the popularity of decentralized exchanges
Decentralized exchanges rapidly gaining popularity thanks to methods of distribution of the proceeds.
This opinion was expressed by Pedro Negron, the junior analyst of IntoTheBlock in his blog.
Specifically, he drew a parallel between the centralized Coinbase exchange and Uniswap, its decentralized counterpart.
Founded in 2012, Coinbase recorded its peak trading volume in May 2021.
Back then, the total amount of money on the exchange reached the $200 billion mark.
Uniswap is a younger site compared to Coinbase, which appeared in 2018.
Deployed on multiple sidechains at once, the exchange also recorded its peak in May 2021 and processed ~$78 billion then.
Here, however, lies a key difference from the centralized exchange model.
As Negron points out, commissions from trades go not to shareholders, but to so-called "liquidity providers."
These are the people who supply cryptocurrency to the public pool of the decentralized exchange, so that transactions on the platform take place with a lower spread.
For their service, the providers receive a percentage of commissions, which makes decentralized exchanges more attractive to investors and traders.
💎 @TgBitcoin
Decentralized exchanges rapidly gaining popularity thanks to methods of distribution of the proceeds.
This opinion was expressed by Pedro Negron, the junior analyst of IntoTheBlock in his blog.
Specifically, he drew a parallel between the centralized Coinbase exchange and Uniswap, its decentralized counterpart.
Founded in 2012, Coinbase recorded its peak trading volume in May 2021.
Back then, the total amount of money on the exchange reached the $200 billion mark.
Uniswap is a younger site compared to Coinbase, which appeared in 2018.
Deployed on multiple sidechains at once, the exchange also recorded its peak in May 2021 and processed ~$78 billion then.
Here, however, lies a key difference from the centralized exchange model.
As Negron points out, commissions from trades go not to shareholders, but to so-called "liquidity providers."
These are the people who supply cryptocurrency to the public pool of the decentralized exchange, so that transactions on the platform take place with a lower spread.
For their service, the providers receive a percentage of commissions, which makes decentralized exchanges more attractive to investors and traders.
💎 @TgBitcoin
Bitcoin bull run from March 2020 to May 2021 was accompanied by supply leaving exchanges for ~2 years.
Bitcoin supply on exchanges has been in a 9 month range since then...and so has the price!
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👉🏼 @TgBitcoin
Bitcoin supply on exchanges has been in a 9 month range since then...and so has the price!
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👉🏼 @TgBitcoin
In February 2010, it was possible to earn 250 BTC in one day using a regular personal computer - that's over $10 million now.
💎 @TgBitcoin
💎 @TgBitcoin
JUST IN: Fed to ban senior officials from trading crypto among others, after a trading scandal
Most of the restrictions will take effect on May 1, 2022, although the new rules on the advance notice and pre-clearance of transactions will take effect on July 1.
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👉🏼 @TgBitcoin
Most of the restrictions will take effect on May 1, 2022, although the new rules on the advance notice and pre-clearance of transactions will take effect on July 1.
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👉🏼 @TgBitcoin
Warren Buffett's partner compared cryptocurrency to an STD
Berkshire Hathaway vice chairman and longtime partner of Warren Buffett, Charles Munger, 98, said at the Daily Journal annual meeting in Los Angeles that he was proud not to have invested in digital assets.
The businessman said he views cryptocurrencies negatively for their use by extortionists, terrorists, and tax evaders.
According to Munger, U.S. authorities should immediately ban cryptocurrency, as they have done in China.
Interesting position, agree with him?
Personally I don't, to me it looks like a logical evolution of money, just like the internet will later be Web3.
💎 @TgBitcoin
Berkshire Hathaway vice chairman and longtime partner of Warren Buffett, Charles Munger, 98, said at the Daily Journal annual meeting in Los Angeles that he was proud not to have invested in digital assets.
The businessman said he views cryptocurrencies negatively for their use by extortionists, terrorists, and tax evaders.
According to Munger, U.S. authorities should immediately ban cryptocurrency, as they have done in China.
Interesting position, agree with him?
Personally I don't, to me it looks like a logical evolution of money, just like the internet will later be Web3.
💎 @TgBitcoin
Ukraine legalizes Bitcoin as tensions with Russia persist
Ukraine has now legalized Bitcoin and cryptocurrencies after the country’s parliament approved a final reading of the “Law on Virtual Assets” bill.
The law will provide a legal framework, overseen by the National Securities Commission (NSC), covering all aspects to do with investing in this asset class.
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👉🏼 @TgBitcoin
Ukraine has now legalized Bitcoin and cryptocurrencies after the country’s parliament approved a final reading of the “Law on Virtual Assets” bill.
The law will provide a legal framework, overseen by the National Securities Commission (NSC), covering all aspects to do with investing in this asset class.
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👉🏼 @TgBitcoin
Fundstrat predicts bitcoin to rise to $200,000.
The baby boomer generation isn't investing in bitcoin at the moment, Tom Lee, managing partner at investment research firm Fundstrat Global Advisors, told CNBC.
He believes that's the main reason holding bitcoin's price back at its current level.
If baby boomers start buying bitcoin en masse, its price will rise to $200,000, Lee argues.
"76% of all wealth in America is controlled by people over the age of 65. Nearly $100 trillion is owned by people thinking bitcoin is still a kind of hobby," explained the managing partner of Fundstrat Global Advisors.
CNBC
💎 @TgBitcoin
The baby boomer generation isn't investing in bitcoin at the moment, Tom Lee, managing partner at investment research firm Fundstrat Global Advisors, told CNBC.
He believes that's the main reason holding bitcoin's price back at its current level.
If baby boomers start buying bitcoin en masse, its price will rise to $200,000, Lee argues.
"76% of all wealth in America is controlled by people over the age of 65. Nearly $100 trillion is owned by people thinking bitcoin is still a kind of hobby," explained the managing partner of Fundstrat Global Advisors.
CNBC
💎 @TgBitcoin
Switzerland's Crypto Valley:
- 1,128 companies
- 6,002 employees
- 10 Unicorns (+$1B)
- 2 Decacorns (+$10B)
- 1 Hectocorn (+$100B)
- Combined value of $611.8B
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👉🏼 @TgBitcoin
- 1,128 companies
- 6,002 employees
- 10 Unicorns (+$1B)
- 2 Decacorns (+$10B)
- 1 Hectocorn (+$100B)
- Combined value of $611.8B
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👉🏼 @TgBitcoin
UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region.
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👉🏼 @TgBitcoin
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The government hopes that a nationwide crypto licensing system will attract big companies to the region.
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👉🏼 @TgBitcoin
Meet . He tries investing in the hype cryptocurrency TON and checks what will happen.
In he takes apart all the prerequisites for growth or decline and reveals almost all the insides of the TON team.
Advise you to and follow Alex, as everyone saw the large-scale ad of Durov's legacy, thus the lamb is not far off:)
💎 @TgBitcoin
In he takes apart all the prerequisites for growth or decline and reveals almost all the insides of the TON team.
Advise you to and follow Alex, as everyone saw the large-scale ad of Durov's legacy, thus the lamb is not far off:)
💎 @TgBitcoin
Analyst predicted the surge of Bitcoin and Ethereum competitor
Cryptoanalyst Smart Contracter wrote the price of Avalanche first among the top 20 cryptocurrencies with the largest market capitalization would set a new historical high.
Avalanche is a cryptocurrency based on the platform of the same name.
According to the developers, it benefits from a higher transaction speed.
Thus, the official website of the project states 4.5 thousand transactions per second.
For comparison, bitcoin's rate is 6 transactions per second.
Analyzing the dynamics of altcoin, Smart Contractor concluded that AVAX not only rebounded from the Fibonacci level of 0.618, but also broke through the downtrend.
The expert is convinced Avalanche would demonstrate better results compared to its rivals in the future.
💎 @TgBitcoin
Cryptoanalyst Smart Contracter wrote the price of Avalanche first among the top 20 cryptocurrencies with the largest market capitalization would set a new historical high.
Avalanche is a cryptocurrency based on the platform of the same name.
According to the developers, it benefits from a higher transaction speed.
Thus, the official website of the project states 4.5 thousand transactions per second.
For comparison, bitcoin's rate is 6 transactions per second.
Analyzing the dynamics of altcoin, Smart Contractor concluded that AVAX not only rebounded from the Fibonacci level of 0.618, but also broke through the downtrend.
The expert is convinced Avalanche would demonstrate better results compared to its rivals in the future.
💎 @TgBitcoin
EU Is Open to Cryptocurrency But With Regulation, Top Official Says
The European Union is open to cryptocurrencies including Bitcoin or a digital euro but regulations must first be strengthened to prevent fraud, EU Commissioner for Home Affairs Ylva Johansson said at the Munich Security Conference Friday.
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👉🏼 @TgBitcoin
The European Union is open to cryptocurrencies including Bitcoin or a digital euro but regulations must first be strengthened to prevent fraud, EU Commissioner for Home Affairs Ylva Johansson said at the Munich Security Conference Friday.
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👉🏼 @TgBitcoin
A Hacker Is Actively Stealing High-Value NFTs From OpenSea Users
A hacker or hackers are actively stealing and flipping high-valued NFTs from users on OpenSea, the world’s largest NFT exchange, causing chaos and confusion in the broader NFT community.
OpenSea says: “We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea's website.
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👉🏼 @TgBitcoin
A hacker or hackers are actively stealing and flipping high-valued NFTs from users on OpenSea, the world’s largest NFT exchange, causing chaos and confusion in the broader NFT community.
OpenSea says: “We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea's website.
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👉🏼 @TgBitcoin