✌️Hey Nimbus community,
👿Tesla sold 75% of Bitcoin holdings in Q2 due to the need for liquidity as the epidemiological situation in china continues to deteriorate. The company made around $1 billion ($936 million) on the sale. At the same time, Musk said that Tesla has not sold any Doge.
😃 Which cryptocurrency exchange do you use? According to french data provider Kaiko, the best three platforms on the market are Coinbase, Binance, and Kraken. The results are based on Governance, Business, Liquidity, Security, Technology, and Data Quality.
😱 Circle, the issuer of USDC stablecoin, plans to hold an IPO by the end of the year. The new company will be listed on the New York Stock Exchange (NYSE) with an initial valuation of $4.5 billion, the company's shares will be listed under the ticker CRCL.
❤️ According to the Crown Prince of Dubai, there are now 1,000 companies registered in the emirate related to blockchain technology and meta-universes. They brought $500 million to the budget! No surprise Dubai is so crypto-friendly. The best hub in the world?
👾 The Paraguayan Senate passed a bill establishing a tax and regulatory framework for businesses operating in the cryptocurrency and the crypto mining sectors. By the way, Brazil, Argentina and Panama are also working on their own crypto legislation.
👿Tesla sold 75% of Bitcoin holdings in Q2 due to the need for liquidity as the epidemiological situation in china continues to deteriorate. The company made around $1 billion ($936 million) on the sale. At the same time, Musk said that Tesla has not sold any Doge.
😃 Which cryptocurrency exchange do you use? According to french data provider Kaiko, the best three platforms on the market are Coinbase, Binance, and Kraken. The results are based on Governance, Business, Liquidity, Security, Technology, and Data Quality.
😱 Circle, the issuer of USDC stablecoin, plans to hold an IPO by the end of the year. The new company will be listed on the New York Stock Exchange (NYSE) with an initial valuation of $4.5 billion, the company's shares will be listed under the ticker CRCL.
❤️ According to the Crown Prince of Dubai, there are now 1,000 companies registered in the emirate related to blockchain technology and meta-universes. They brought $500 million to the budget! No surprise Dubai is so crypto-friendly. The best hub in the world?
👾 The Paraguayan Senate passed a bill establishing a tax and regulatory framework for businesses operating in the cryptocurrency and the crypto mining sectors. By the way, Brazil, Argentina and Panama are also working on their own crypto legislation.
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👋 Hey Nimbus Community,
Here comes another tech update for you 😉
As the Brave Wallet 🦁 (the Brave Browser's built-in solution) gains popularity and grows in the number of users, the Platform added the ability to use this wallet when dealing with the dApps and other Nimbus products.
You can view it when choosing a wallet after clicking on the "Connect my wallet" button in the upper right- hand corner of the Platform 💻
Here comes another tech update for you 😉
As the Brave Wallet 🦁 (the Brave Browser's built-in solution) gains popularity and grows in the number of users, the Platform added the ability to use this wallet when dealing with the dApps and other Nimbus products.
You can view it when choosing a wallet after clicking on the "Connect my wallet" button in the upper right- hand corner of the Platform 💻
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👋 Hey Nimbus Community,
The Smart Staker n-NFT contest has finally come to an end - the rewards will be sent to our winners within this week! 🎁
Your activity resulted in ten winners among BNB-based NFT holders and three winners among those who issued their NFT with BUSD tokens. We'll send $100 worth of NBU tokens to their wallets.
Four winners among BNB- and BUSD-based NFT holders (two for each) with the largest volume of assets added will also be awarded: we'll send one Smart Staker n-NFT of 1 BNB to each of them 🤩
We hope that the contest has familiarized you with the Smart Staker and has allowed you to have a first-hand experience of all the benefits after issuing your own token! 🤝
The second token in the Nimbus NFT family is just starting its journey. So, even if you did not win this time, we hope you’ll keep enjoying the benefits this innovative NFT brings to you.
Stay tuned for more useful updates and advanced tools that are coming very soon 😉
The Smart Staker n-NFT contest has finally come to an end - the rewards will be sent to our winners within this week! 🎁
Your activity resulted in ten winners among BNB-based NFT holders and three winners among those who issued their NFT with BUSD tokens. We'll send $100 worth of NBU tokens to their wallets.
Four winners among BNB- and BUSD-based NFT holders (two for each) with the largest volume of assets added will also be awarded: we'll send one Smart Staker n-NFT of 1 BNB to each of them 🤩
We hope that the contest has familiarized you with the Smart Staker and has allowed you to have a first-hand experience of all the benefits after issuing your own token! 🤝
The second token in the Nimbus NFT family is just starting its journey. So, even if you did not win this time, we hope you’ll keep enjoying the benefits this innovative NFT brings to you.
Stay tuned for more useful updates and advanced tools that are coming very soon 😉
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👋 Hey Nimbus Community,
The Smart Staker n-NFT contest has finally come to an end - the rewards will be sent to our winners within this week! 🎁
Your activity resulted in ten winners among BNB-based NFT holders and three winners among those who issued their NFT with BUSD tokens. We'll send $100 worth of NBU tokens to their wallets.
Four winners among BNB- and BUSD-based NFT holders (two for each) with the largest volume of assets added will also be awarded: we'll send one Smart Staker n-NFT of 1 BNB to each of them 🤩
We hope that the contest has familiarized you with the Smart Staker and has allowed you to have a first-hand experience of all the benefits after issuing your own token! 🤝
The second token in the Nimbus NFT family is just starting its journey. So, even if you did not win this time, we hope you’ll keep enjoying the benefits this innovative NFT brings to you.
Stay tuned for more useful updates and advanced tools that are coming very soon 😉
The Smart Staker n-NFT contest has finally come to an end - the rewards will be sent to our winners within this week! 🎁
Your activity resulted in ten winners among BNB-based NFT holders and three winners among those who issued their NFT with BUSD tokens. We'll send $100 worth of NBU tokens to their wallets.
Four winners among BNB- and BUSD-based NFT holders (two for each) with the largest volume of assets added will also be awarded: we'll send one Smart Staker n-NFT of 1 BNB to each of them 🤩
We hope that the contest has familiarized you with the Smart Staker and has allowed you to have a first-hand experience of all the benefits after issuing your own token! 🤝
The second token in the Nimbus NFT family is just starting its journey. So, even if you did not win this time, we hope you’ll keep enjoying the benefits this innovative NFT brings to you.
Stay tuned for more useful updates and advanced tools that are coming very soon 😉
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👋 Hey Nimbus Community,
We know you’ve been missing videos from our VP Waseem Mamlouk!
Well, he’s back, and he has some very exciting updates to share with you:
✅ The legal and regulatory update in association with the Central Bank of the Kingdom of Bahrain
✅ Current progress Nimbus has made in Bahrain - a centralized exchange that offers users self-custody of their assets? A first-of-a-kind functionality in the whole world!
✅ ...and so much more!
Don’t miss it out!
Tune in 👉 here!
We know you’ve been missing videos from our VP Waseem Mamlouk!
Well, he’s back, and he has some very exciting updates to share with you:
✅ The legal and regulatory update in association with the Central Bank of the Kingdom of Bahrain
✅ Current progress Nimbus has made in Bahrain - a centralized exchange that offers users self-custody of their assets? A first-of-a-kind functionality in the whole world!
✅ ...and so much more!
Don’t miss it out!
Tune in 👉 here!
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👋Hey Nimbus Community,
Today's glossary covers one of the important indicators of the crypto market used to evaluate and rank tokens: ✨Market Cap✨
Put simply, if all cryptocurrency coins are put together, their collective value is the market cap. And it can indicate the possible stability of a crypto asset. Cryptocurrencies with larger market caps are likely to be more stable.
From this point of view, there are three categories of cryptocurrencies:
👉 Large-cap - like Bitcoin and Ethereum, with a market cap of over $10 billion
👉 Mid-cap – with market caps between $1 billion and $10 billion
👉 Small-cap – with a market cap under $1 billion
There is a common misconception that the market cap shows the amount of money in the market; in fact, it doesn't represent the money inflow and can change drastically with price variations. But it does provide data about a project's performance.
Today's glossary covers one of the important indicators of the crypto market used to evaluate and rank tokens: ✨Market Cap✨
Put simply, if all cryptocurrency coins are put together, their collective value is the market cap. And it can indicate the possible stability of a crypto asset. Cryptocurrencies with larger market caps are likely to be more stable.
From this point of view, there are three categories of cryptocurrencies:
👉 Large-cap - like Bitcoin and Ethereum, with a market cap of over $10 billion
👉 Mid-cap – with market caps between $1 billion and $10 billion
👉 Small-cap – with a market cap under $1 billion
There is a common misconception that the market cap shows the amount of money in the market; in fact, it doesn't represent the money inflow and can change drastically with price variations. But it does provide data about a project's performance.
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👋 Hey Nimbus Community,
As you know, we've recently upgraded a number of elements of the Platform’s functionality. The Affiliate Program update from v3.1 to v4.0 is in the list as well 🔄
Speaking of AP, due to the fact that we are still in process of transition from AP3.1 to AP4.0, the automatic rank airdrop distribution is not available now. In other words, the rewards transition is now in process, and the team expects to have this transition completed in the next 15 days.
Hence, the users are going to see the updated Program's interface with the “Withdraw Rewards” button added, which may be not fully operational yet 🛠
Once the transition is completed, we'll notify you via our official social media 😉
As you know, we've recently upgraded a number of elements of the Platform’s functionality. The Affiliate Program update from v3.1 to v4.0 is in the list as well 🔄
Speaking of AP, due to the fact that we are still in process of transition from AP3.1 to AP4.0, the automatic rank airdrop distribution is not available now. In other words, the rewards transition is now in process, and the team expects to have this transition completed in the next 15 days.
Hence, the users are going to see the updated Program's interface with the “Withdraw Rewards” button added, which may be not fully operational yet 🛠
Once the transition is completed, we'll notify you via our official social media 😉
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👋 Hey Nimbus Community!
🆕 Here comes another update for you!
As part of our strategy to build a strong and thriving community, we’re constantly making efforts to improve the Nimbus experience for all categories of users.
This time we have good news for our prime brokerage users 😎
We've finalized our processes concerning this functionality, so in the next ~7 days, you should receive the updated portfolio composition tools we tailored to your needs.
We would love to get your feedback, and we hope this update will get you a smooth user experience 🙌
More info and guiding materials are coming soon, so stay tuned 🤓
🆕 Here comes another update for you!
As part of our strategy to build a strong and thriving community, we’re constantly making efforts to improve the Nimbus experience for all categories of users.
This time we have good news for our prime brokerage users 😎
We've finalized our processes concerning this functionality, so in the next ~7 days, you should receive the updated portfolio composition tools we tailored to your needs.
We would love to get your feedback, and we hope this update will get you a smooth user experience 🙌
More info and guiding materials are coming soon, so stay tuned 🤓
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👋 Hey Nimbus community,
☺️Cryptocurrencies and technology companies turned predominantly green as Jerome Powell suggested the Fed’s rate hikes have already had some success in slowing the economy and possibly easing inflationary pressures. Do you agree with the market?
💋CAR loves crypto. On July 25, the government of the Central African Republic launched a public sale of its CBDC called Sango Coin. Total volume - 200 million tokens for sale at an initial cost of $0.10. The minimum purchase volume is $100. Would you invest?
😕 Bear market - not the best time for miners. The community seems to be forced to sell crypto savings to pay back loans and electricity bills. In most cases, loans to miners are secured with BTC or equipment, which has now fallen significantly in value.
😚 You may not like digital assets but you can’t ignore them. Brazilian brokerage XP Inc looks forward to opening its very own crypto trading platform, initially offering BTC and ETH. XP currently has 3.6 million customers, so it is a big thing for the industry!
👾 Don't Stop Believin'… The IT guy who accidentally threw away a hard drive with 7,500 BTC in 2013 decided to bet on robots. The treasure hunter will order from the American company Boston Dynamics two search robot dogs. Not sure how it will actually help.
☺️Cryptocurrencies and technology companies turned predominantly green as Jerome Powell suggested the Fed’s rate hikes have already had some success in slowing the economy and possibly easing inflationary pressures. Do you agree with the market?
💋CAR loves crypto. On July 25, the government of the Central African Republic launched a public sale of its CBDC called Sango Coin. Total volume - 200 million tokens for sale at an initial cost of $0.10. The minimum purchase volume is $100. Would you invest?
😕 Bear market - not the best time for miners. The community seems to be forced to sell crypto savings to pay back loans and electricity bills. In most cases, loans to miners are secured with BTC or equipment, which has now fallen significantly in value.
😚 You may not like digital assets but you can’t ignore them. Brazilian brokerage XP Inc looks forward to opening its very own crypto trading platform, initially offering BTC and ETH. XP currently has 3.6 million customers, so it is a big thing for the industry!
👾 Don't Stop Believin'… The IT guy who accidentally threw away a hard drive with 7,500 BTC in 2013 decided to bet on robots. The treasure hunter will order from the American company Boston Dynamics two search robot dogs. Not sure how it will actually help.
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👋Hey Nimbus Community,
Bridging smart contracts to the outside world and ensuring a solid data flow is essential in the blockchain world. So today's glossary term covers the entities that facilitate that communication: Oracles.
An oracle is essentially a bridge between the blockchain and the external sources. They can present key information, including the value of an asset (financial markets, NFTs). They can also be queried for information, from prices, and election results, to weather predictions.
They are used as triggers, getting smart contracts to initiate transactions when particular conditions are met in the real world.
Communication can be bi-directional, so oracles can be:
✔️Inbound – that brings real-world data to the blockchain
✔️Outbound – that takes blockchain data to the off-chain world
Depending on the source where they get the data, oracles can be:
✔️Software oracles – fetching data from internet-based services like databases or servers
✔️Hardware oracles – getting data from information-reading gadgets like barcode scanners
The oracle problem
Oracles raise a trust issue due to their massive power over smart contracts, given that the data they provide determines how smart contracts execute their functions. And the problem comes from the fact that centralized entities usually provide oracles.
A possible solution may come from decentralized oracles, like consensus oracles. These collect data from other oracles and try to determine if the information is correct.
Bridging smart contracts to the outside world and ensuring a solid data flow is essential in the blockchain world. So today's glossary term covers the entities that facilitate that communication: Oracles.
An oracle is essentially a bridge between the blockchain and the external sources. They can present key information, including the value of an asset (financial markets, NFTs). They can also be queried for information, from prices, and election results, to weather predictions.
They are used as triggers, getting smart contracts to initiate transactions when particular conditions are met in the real world.
Communication can be bi-directional, so oracles can be:
✔️Inbound – that brings real-world data to the blockchain
✔️Outbound – that takes blockchain data to the off-chain world
Depending on the source where they get the data, oracles can be:
✔️Software oracles – fetching data from internet-based services like databases or servers
✔️Hardware oracles – getting data from information-reading gadgets like barcode scanners
The oracle problem
Oracles raise a trust issue due to their massive power over smart contracts, given that the data they provide determines how smart contracts execute their functions. And the problem comes from the fact that centralized entities usually provide oracles.
A possible solution may come from decentralized oracles, like consensus oracles. These collect data from other oracles and try to determine if the information is correct.
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👋 Hey Nimbus Community,
🆕 Tech update for you!
As many of you could already notice, the Swap Machine has recently been updated, i.e. the tech team has been working on the functionality to improve its performance and offer a more frictionless UX.
So, what's been updated?
👉 The Swap Machine functionality was refactored and, as a result, the speed of users' swaps and balance loading became faster and easier to be maintained.
Note that the updated Swap Machine will be implemented on the Platform, on Affiliate Program 4.0 leader dashboard and in the Nimbus mobile app 📱
And it is worth mentioning that this is the first step towards the 2.0 Swap Machine version, which will result in the backend update (including smart contracts) and further functionality improvements.
🆕 Tech update for you!
As many of you could already notice, the Swap Machine has recently been updated, i.e. the tech team has been working on the functionality to improve its performance and offer a more frictionless UX.
So, what's been updated?
👉 The Swap Machine functionality was refactored and, as a result, the speed of users' swaps and balance loading became faster and easier to be maintained.
Note that the updated Swap Machine will be implemented on the Platform, on Affiliate Program 4.0 leader dashboard and in the Nimbus mobile app 📱
And it is worth mentioning that this is the first step towards the 2.0 Swap Machine version, which will result in the backend update (including smart contracts) and further functionality improvements.
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👋 Hey Nimbus Community,
Just a quick update for you 😌
All rewards related to the Smart Staker n-NFT contest were sent to the wallets of our winners 🎁
There are more contests to come, so stay tuned!
Just a quick update for you 😌
All rewards related to the Smart Staker n-NFT contest were sent to the wallets of our winners 🎁
There are more contests to come, so stay tuned!
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👋 Hey Nimbus community,
😃 Despite the market volatility, companies continue to adopt crypto products and services. Among the latter, Starbucks is launching a Web3-based loyalty program to expand its approach to the "digital community". Do you think we will see Starbucks coins one day?
😅 Tether FUD didn’t make the cut. According to "Whale Alert", after a three-month steady decline in issuance, Tether suddenly began to ramp up its supply of stablecoin. Astonishing 1 billion USDT were minted in one fell swoop. BTW, what’s your preferred stablecoin?
😐 Solana is under attack. The preliminary estimates suggest that the platform's exploit has affected more than 5,000 cryptocurrency wallets. The malicious actors somehow managed to compromise the private keys of digital asset owners. Store your assets on cold wallets!
😳 Bye-bye, Michael Saylor! CEO of MicroStrategy is set to step down and assume a new role as executive chairman. The good news is that the company hasn’t sold any of its bitcoins even despite the cumulative impairment losses of $1.989 billion.
😏 Nansen's study suggests that crypto users spent 963,227 ETH ($2.7 billion) in the first six months of 2022 to issue NFTs on the Ethereum blockchain. By comparison, BNB Chain NFTs were issued for about $107 million and $77 million on Avalanche.
😃 Despite the market volatility, companies continue to adopt crypto products and services. Among the latter, Starbucks is launching a Web3-based loyalty program to expand its approach to the "digital community". Do you think we will see Starbucks coins one day?
😅 Tether FUD didn’t make the cut. According to "Whale Alert", after a three-month steady decline in issuance, Tether suddenly began to ramp up its supply of stablecoin. Astonishing 1 billion USDT were minted in one fell swoop. BTW, what’s your preferred stablecoin?
😐 Solana is under attack. The preliminary estimates suggest that the platform's exploit has affected more than 5,000 cryptocurrency wallets. The malicious actors somehow managed to compromise the private keys of digital asset owners. Store your assets on cold wallets!
😳 Bye-bye, Michael Saylor! CEO of MicroStrategy is set to step down and assume a new role as executive chairman. The good news is that the company hasn’t sold any of its bitcoins even despite the cumulative impairment losses of $1.989 billion.
😏 Nansen's study suggests that crypto users spent 963,227 ETH ($2.7 billion) in the first six months of 2022 to issue NFTs on the Ethereum blockchain. By comparison, BNB Chain NFTs were issued for about $107 million and $77 million on Avalanche.
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👋Hey Nimbus Community,
Getting efficient market insight is crucial in trading in general, and the crypto field is no exception. So today's glossary covers an element that helps users get real-time information on what's being exchanged: The Order Book
What is an order book?
The order book is a list of the exchange orders that are currently open for an asset. It's an electronic documentation of the asset's activity on a particular trading platform, organized by its value.
An order book contains pieces of key information connected to an asset. There are special sections for both counterparties and a bid and ask section.
Users place an offer on the left side of the book and asks are on the right side. There are exchange values from multiple counterparties on both sides. You can spot offers in green color and asks in red. As for the interaction between users at either side of the exchange, it's displayed using charts and tables.
Order books are helpful because they help measure the interest of involved counterparties at particular value levels. They can use that data to get an insight into potential support and resistance levels.
A larger number of bid orders at a particular level can point to a level of support. On the other hand, more exchange orders can point to an area of resistance. The imbalance in the order book, paired with other analysis methods, can help users estimate the market direction.
Getting efficient market insight is crucial in trading in general, and the crypto field is no exception. So today's glossary covers an element that helps users get real-time information on what's being exchanged: The Order Book
What is an order book?
The order book is a list of the exchange orders that are currently open for an asset. It's an electronic documentation of the asset's activity on a particular trading platform, organized by its value.
An order book contains pieces of key information connected to an asset. There are special sections for both counterparties and a bid and ask section.
Users place an offer on the left side of the book and asks are on the right side. There are exchange values from multiple counterparties on both sides. You can spot offers in green color and asks in red. As for the interaction between users at either side of the exchange, it's displayed using charts and tables.
Order books are helpful because they help measure the interest of involved counterparties at particular value levels. They can use that data to get an insight into potential support and resistance levels.
A larger number of bid orders at a particular level can point to a level of support. On the other hand, more exchange orders can point to an area of resistance. The imbalance in the order book, paired with other analysis methods, can help users estimate the market direction.
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