Crypto Relevant
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The best source of Crypto education and updates. We bring what's relevant to you. ๐Ÿ’ฏ
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This week in Crypto.

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The hype around NFTs have attracted the interest of more and more big brands wanting to capture a lionโ€™s share of the market.

Here are some of the most popular brands that have dipped their toes into NFTs by launching their own NFT collections.

This week in Crypto.

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#crypto #nft
The 2022-2023 #Bitcoin Bear Market has seen the Realized cap drawdown by -18.8%, the second largest in history, and eclipsed only by the pico-bottom of the 2011 bear.

Realized capitalization is a variation of market capitalization which values each UTXO based on the price when it was last moved.

The motivation for the creation of Realized Cap was the realization that โ€œMarket Capitalizationโ€ is often an empty metric when applied to cryptocurrencies. Market Capitalization, borrowed from the world of equities.


Investors have weathered a total of $88 Billion in Net Realized losses.
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LG to add meta universe support to its TVs

The company has partnered with Web3-based gaming and music platform Oorbit, making it possible for future generations of LG TVs to:

โ–ช๏ธ Attend virtual concerts;
โ–ช๏ธ Play multiplayer games;
โ–ช๏ธ Communicate with friends and shop;
โ–ช๏ธ Create and customize your avatar


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The current bear market is the longest Bitcoin bear market ever:

2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011

2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015

2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018

2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023


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๐Ÿšจ Inflation rate Update:

Argentina ๐Ÿ‡ฆ๐Ÿ‡ท 92.4%
Turkey ๐Ÿ‡น๐Ÿ‡ท 84.39%
Russia ๐Ÿ‡ท๐Ÿ‡บ 12%
Italy ๐Ÿ‡ฎ๐Ÿ‡น 11.8%
UK ๐Ÿ‡ฌ๐Ÿ‡ง 10.7%
Euro Area ๐Ÿ‡ช๐Ÿ‡บ 10.1%
Germany ๐Ÿ‡ฉ๐Ÿ‡ช 10%
Netherlands ๐Ÿ‡ณ๐Ÿ‡ฑ 9.9%
Mexico ๐Ÿ‡ฒ๐Ÿ‡ฝ 7.8%
USA ๐Ÿ‡บ๐Ÿ‡ธ 7.1%
France ๐Ÿ‡ซ๐Ÿ‡ท 6.2%
Brazil ๐Ÿ‡ง๐Ÿ‡ท 5.9%
India ๐Ÿ‡ฎ๐Ÿ‡ณ 5.88%
Spain ๐Ÿ‡ช๐Ÿ‡ธ 5.8%
Japan ๐Ÿ‡ฏ๐Ÿ‡ต 3.8%
Switzerland ๐Ÿ‡จ๐Ÿ‡ญ 3%
China ๐Ÿ‡จ๐Ÿ‡ณ 1.6%
Bitcoin: 1.7%

(Official data from Government real inflation could be a lot higher)


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โœจ Satoshi Nakamoto announcing the 21 million ๐Ÿ’ฐBitcoin  limit exactly 14 years ago


๐Ÿค @cryptorelevant
Bitcoin broke $17,000

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When Satoshi Nakamoto built Bitcoin, design choices were made that effectively limits the number of Bitcoins that will ever exist to (roughly) 21 million.

A fixed supply limit certainly gives Bitcoin anti-inflationary properties, but the reason it was set to 21 million is hidden in personal correspondence between Nakamoto and software developer Mike Hearn.

Nakamoto explained why they chose 21 million for Bitcoinโ€™s supply limit, but never really expressed how.

One solid theory involves dissecting Bitcoinโ€™s distribution model (which had been hinted at in the Hearn email), but it, unfortunately, requires some mathematics.

Many believe that Bitcoinโ€™s 21 million limits was arbitrarily set when Nakamoto made two key decisions, that: Bitcoin should add new blocks to its blockchain every 10 minutes (on average), and the reward paid to miners (starting with 50 BTC) halves every four years.

A post on the Bitcoin section of the popular dev forum StackExchange suggestedโ€ฆ
DAU is a popular metric used by technology experts and investors to measure both the popularity and the potential for growth of an online platform or app.

Here are the top blockchains by daily active users.

BNB Chain 806k
Ethereum 586k
Polygon 565k
Fantom 54k
Optimism 53k
Uniswap 49.6k
Arbitrum 49.2k
Avalanche 22.7k

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#crypto
Sam Bankman-Fried's $455 Million Robinhood shares have been seized by the Justice Department in the FTX case

It's interesting to see if they hold or sell.


๐Ÿค @cryptorelevant
Binance assets value plummeted $12 billion in the last 60 days: Forbes

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As cryptocurrency usage increases, so too do cryptocurrency regulations around the world that are put in place to govern them. The crypto landscape is constantly evolving and keeping up to date with the rules in different global territories isnโ€™t easy.

Learn how different nations approach coin and exchange regulation and if they have any upcoming legislation which could alter their approach to cryptocurrencies.

1. United States
Cryptocurrencies: Not considered legal tender

Cryptocurrency exchanges: Legal, regulation varies by state

2. Canada
Cryptocurrencies: Not legal tender

Cryptocurrency exchanges: Legal, required to register with FinTRAC after June 1, 2020

3. UK
Cryptocurrencies: Not legal tender

Cryptocurrency exchanges: Legal, registration requirements with FCA

4. Switzerland
Cryptocurrencies: Legal, accepted as payment in some contexts

Cryptocurrency exchanges: Legal, regulated by SFTA

5.The EU
Cryptocurrencies: Legal, member-states may not introduceโ€ฆ
Google might have bought 2,800,000 Solana at $10. And now Google is the 13th largest wallet.
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Start playing PokemonU today for ultimate fun and huge earn. Enjoy the game while earning the USDT.

"Share an interesting post on social media and stand a chance to win 50 USDT pokeball!


Referral link: https://game.pokemonu.com?inviteCode=G599F2W
Don't forget to use this ID when sharing the post on social media: 85587771

#sponsored

#pokemonU #p2e #p2egames #p2egame #cryptocurrency #joinpokemonunow
Most Staked crypto in 2023 with their reward percentage.

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#crypto #staking
Binance annual revenue grew 10x over the past two years. It was around $12B in 2022.

Huobiโ€™s quarterly revenue dropped -98% since 2021 Q2.

๐Ÿค @cryptorelevant
Gemini co-founder says $2.8 billion Genesis "defrauded" Gemini and over 340,000 of their users.

๐Ÿ‘‰๐Ÿป Take your Bitcoin off exchanges!

๐Ÿค @cryptorelevant
๐Ÿ‡ณ๐Ÿ‡ตNepal orders internet service providers to block crypto-related websites and apps.

๐Ÿ‘‰๐Ÿป We hope the government reconsiders this decision in order to foster innovation & growth in the countryโ€™s tech industry.


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14 years ago, on January 11, Hal Finney an American software developer tweeted "Running Bitcoin"

On January 12, 2009, he received the first 10 BTC from bitcoin's creator Satoshi Nakamoto. This was the first bitcoin transaction between two people.

Bitcoin is still running.

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#bitcoin