📘 Category: crypto dictionary — complex concepts in simple language

➖ Smart contract — is a computer program that monitors and ensures the fulfillment of obligations. The parties prescribe in it the terms of the transaction and sanctions for their non-fulfillment, put digital signatures.

➖ Vesting — is a period of gradual issuance of tokens for early investors. For example, linear vesting 10/10 implies receiving tokens for 10 months at 10%.

➖ Native — is a powerful increase in the price of any asset that every investor dreams of.

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🗼 In China, tourists will be able to exchange their currencies for digital yuan

The new foreign currency exchange machine for e-CNY is an attempt by China to attract tourists to the southern part of Hainan Island.

🤑 The device accepts 20 different currencies, giving out in return a physical card with electronic Chinese yuan, which can be used to pay for goods from certain sellers.

Travelers can top up their account at any time, check the balance and view transactions.

💬 Currently, the machines support eight languages.

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🇼🇫 OKX Exchange opens a representative office in Dubai

A subsidiary of OKX Middle East Fintech has received a preliminary license for a minimally viable product from the Dubai Virtual Asset Regulatory Authority.

💬 After the license comes into force, the company will be able to offer spot, derivative and fiat services to users from the UAE, including support for deposits and withdrawals in US dollars or UAE dirhams.

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💰 BTC digital gold has surpassed its physical counterpart

According to Glassnode, it takes 13.3 ounces of gold to buy one BTC, which is 46% more than at the beginning of the year.

💬 Despite the fact that this figure is far from the value of 2021, when the BTC/XAU ratio reached a historical maximum, compared with the minimum recorded during the pandemic, it reflects an increase of 430%.

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🎬 Category: films about cryptocurrency

«Don't Trust Anyone: The Hunt for the Crypto King», 2022

🇼🇫 A documentary from Netflix, based on the history of the real Quadriga crypto exchange.

In it, a group of investors is investigating the suspicious death of cryptocurrency multimillionaire Jerry Cotten and the loss of $250 million, which, in their opinion, he stole from them.

We recommend watching it! ☘️

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🗼 The number of new LTC addresses increased by 55% on the eve of halving

The indicator reached a record level of 200 million addresses.

💎 LTC surpassed the ETH blockchain in this indicator, which has a total of about 180 million created wallets, according to Glassnode.

Probably, the surge of activity in the network is associated with the upcoming halving, which is scheduled for August 4, 2023.

💬 The current block reward is 12.5 LTC. After the designated date, the amount will be halved to 6.25 LTC.

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💰 The Asian crypto market has bypassed the United States

Investors and traders are moving to Singapore, Japan and South Korea, and more recently to Hong Kong, where a new cryptocurrency regulation regime was introduced this month.

💬 The sustainability of Asian crypto volumes is supported by institutions that consider the regulatory environment in Asia less risky.

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🟡 Binance called the UAE a «key center» for the crypto industry

This was stated by the regional manager of the company.

According to him, the UAE Virtual Asset Regulatory Authority is a key driver of interest in new technologies in the region.

💬 He also drew attention to the large influx of young professionals and investors into the country, which can accelerate the adoption of digital assets in the jurisdiction.

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💰 In July, analysts expect the BTC price to rise to $35 000

The BTC price breakdown of the psychologically important $31,000 level was crucial in many ways. And, apparently, his successes will not end there.

📈 According to the Matrix port digital asset platform, over the past decade, in July, the main cryptocurrency added on average more than 11%.

Over the previous three months of July, the yield exceeded 27%, 20% and 24%.

💬 The current surge in BTC occurred after BlackRock applied for a spot bitcoin ETF, and many other companies followed suit.

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🚀 LTC has risen by 12% in a day against the background of the maximum hashrate

On June 30, the LTC price rose above $100, but after the correction, the quotes declined.

The LTC/USDT chart shows that the surge was accompanied by a sharp increase in trading volume.

💬 On the eve of halving, in just one week, from June 10 to June 17, the number of new addresses in the LTC network increased by 54.6%, exceeding the 300 000 bar.

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🏆 BTC showed the highest growth among major global assets in the first half of 2023, increasing by 83.8%

The cryptocurrency exceeded all expectations and reached a new annual maximum, exceeding $31 000 for one coin.

💻 In second place was the Nasdaq index, which grew by 31.7%, reflecting the rapid growth of technology companies.

Other major national stock markets also showed positive dynamics, although not as impressive as BTC

💬 Precious metals showed even more modest results: gold increased by only 5.30%, while silver dropped by 4.97% altogether.

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💳 LBank crypto exchange will soon issue the world's first unlimited cryptocurrency credit card

It will be available in both virtual and physical forms, and will allow users to make any consumer payments directly with cryptocurrency through an LBank loan.

It is expected that almost 9 million users of the platform will start using it in the 3rd quarter of 2023, and VIP users will be granted an exclusive right to early access.

💬 The credit card will be connected to the digital assets of LBank users and will be able to be used on various payment platforms, such as Google Pay.

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🥅 In the second quarter, BTC miners earned $184 million on commissions

According to Coin Metrics, this figure is 270% more than in the previous period, and exceeds the figure for the whole of 2022.

💬 Analysts believe that the high volume of commission fees received was ensured by the ongoing boom of Ordinals and the introduction of the BRC-20 standard.

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📖 Category: crypto dictionary — complex concepts in simple language

💛 CEX — is a centralized cryptocurrency exchange, where the management and administration functions are assumed by an organization acting as an intermediary between the two parties.

💛 Bounty — is a reward in project tokens for completing certain tasks (activity in social networks, writing and translating articles, creating content or bug reports).

💛 ATH — is the highest price value for all time that any coin or token has ever reached.

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💰 Major players are actively buying BTC

According to Glassnode, on July 7, the number of addresses with a balance of 1 000 BTC reached a monthly maximum of 1 685.

📈 The catalyst for demand was the submission of applications by several traditional organizations for the launch of spot exchange-traded funds. And although the SEC has not previously approved any such application, the mood of market participants remains positive.

Also, the perception of BTC by former skeptics is becoming more and more positive.

💬 For example, the CEO of BlackRock, who previously called BTC a "money laundering index," acknowledged that the asset deserves attention as a hedging tool against currency devaluation.

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📉 Low inflation in China may support demand for cryptocurrencies

The Chinese Bureau of Statistics reported that the annual growth rate of the consumer price index in June 2023 was 0%, which is the lowest since December 2015.

📅 The producer price index of industrial goods decreased by 2.9% and reached a minimum for more than 5 years.

This can support the demand for cryptocurrencies as an alternative asset that protects against the depreciation of fiat currencies and offers high returns.

💬 Experts believe that cryptocurrencies will attract the attention of investors in conditions of low inflation and low interest rates.

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🆙 Ripple's victory over the SEC in court brought the end of the crypto Winter closer

Many cryptocurrencies have updated the annual maximum after the court did not recognize the native XRP token as a security.

In particular, BTC at the moment was trading at the highest price since June 2022 — $31,818. Over the year it grew by more than 90% and by almost 30% over the month.

💬 According to investors, the end of the litigation between the SEC and Ripple will lead to a change in market sentiment and the start of the crypto flight.

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💰 Kennedy Jr. intends to provide the dollar with bitcoin

The presidential candidate promised to cancel the conversion of BTC to USD from tax. Also, if elected, he will abolish the capital gains tax for investors who profit from BTC.

Kennedy Jr. also stressed that BTC is not a security. Moreover, it should never be regulated by governments around the world.

💬 According to the politician, the fiat currency was invented to finance wars around the world.

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🗼 Top 5 coins by production volume in July 2023

At the moment, large farms and pools mine mainly BTC. Since the beginning of the year, mining companies have significantly increased their capacity.

💻 58 well-known pools are connected to the mining of the main cryptocurrency. The total hashrate on the coin is 394.94 EH/s, the daily production volume is $14.92 billion.

On the 2nd place in terms of production is LTC — $ 1.3 billion per day. Experts associate the increased interest in altcoin mining with the upcoming halving.

💡 41 pools are focused on LTC mining, the largest of which are ViaBTC, F2Pool, AntPool. The total hashrate on the coin is 755.94 TH/s, the unit price is $100.75.

The 3rd place in terms of production belongs to BCH. The capacities of 31 pools, including ViaBTC, Solomining and AntPool, are configured for this BTC fork. The daily volume of BCH production is $498.42 million, the total hashrate is 1.95 EH/s.

💬 The top 5 most mined cryptocurrencies also included DOGE — $195.08 million, and CFX — $100.56 million.

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⚙️ Bitmain has released the first miner for Filecoin (FIL)

According to the announcement, the devices have a hashrate of 4300T, and users can connect the devices to the platform of the Antpool mining pool associated with Bitmain to receive rewards immediately after purchase.

FIL offers a unique combination of mining and staking to support its decentralized storage network.

💬 Storage providers provide their computing resources for storing and retrieving data, receiving a reward for mining depending on the storage capacity.

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