📚 Category: crypto dictionary — complex concepts in simple language

• Timeframe — the time interval on the chart of the traded asset. Due to the consideration of charts on different timeframes, it is possible to analyze the movement of the cryptocurrency price.

• Volatility — the range of changes in the price of an asset over a certain period of time. The higher the rate jumps, the higher the volatility indicator.

• A stablecoin — cryptocurrency whose value is tied to a particular fiat currency (dollar or euro) or a physical asset (gold).

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📊 The correlation of BTC and ETH has fallen below 80% for the first time since November 2021

This indicates that the two largest cryptocurrencies by capitalization are becoming less dependent on each other.

☁️ The indicator began to decline in March, when BTC began to outperform other cryptocurrencies amid turmoil in the US banking sector and increased regulatory attention to altcoins.

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📈 The hype around BRC-20 tokens led to a jump in the income of BTC miners

The daily receipts of miners from commissions in terms of a block 5 times in history exceeded the rewards from its mining (6.25 BTC).

💰 During the month, crypto miners earned $100 million on commissions and $773 million on the creation of blocks.

💬 For the first indicator, the share of total revenues reached 11.5%, which coincides with the levels observed during the bull markets of 2017 and in 2021.

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⚙️ Bitmain has introduced a new ASIC miner Antminer KS3

It is designed to mine the not-too-well-known cryptocurrency Kaspa with a capitalization of $356 million.

✅ The power of the device is 8.3 TH/s with an energy consumption of 3188 Watts. The efficiency reaches 0.38 J/Gh.

💬 The price of the device is still unknown. Deliveries will begin in August this year.

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🪙 IOTA aims to conquer the UAE market

The network is gaining popularity among blockchain users thanks to recent advances in the Tangle ecosystem and the introduction of the Shimmer network.

🤝 Now the team is actively establishing relations in the UAE, which is considered one of the friendliest and most favorable regions for the development of the blockchain and crypto industry.

💬 «We are looking forward to introducing IOTA here and creating value for the region and the world», — the IOTA leader wrote on Twitter.

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🥳 Today is the 13th anniversary of Bitcoin Pizza Day celebration

This day has entered the history of cryptocurrencies, since it was then that the first purchase of a physical product for BTC was made.

💰 Programmer Laszlo Heinitz purchased 2 pizzas for 10,000 digital coins.

💬 Today, this amount seems huge and amounts to about $270.66 million, but at that time this amount of BTC was only $25.

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💰 A BTC tower will be built in Dubai

It will be a hotel chain inspired by BTC and built using AI technology and a focus on zero carbon consumption.

🙅‍♂ The network also used a unique approach to rewarding its guests by offering NFT with exclusive services.

The fee for the number will be set as a cryptocurrency rate and create an annual percentage yield.

☁️ The tower itself will consist of 40 floors and will become a «BTC monument», embodying the values of its creator Satoshi Nakamoto.

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✅ Category: crypto dictionary — complex concepts in simple language

➖ Whitepaper (White Paper) — publicly available document containing structured information about the activities of a project.

➖ Arbitration — the process of making a profit due to the difference in exchange rates. You can buy cryptocurrency on one platform, and sell it more expensive on the other.

➖ Sideways — sideways movement of the market, i.e. smooth movement within certain limits, without significant growth or decline.

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🦮 The Dogecoin blockchain has started to process more transactions than Ethereum

Over the past week, their number exceeded 7.9 million, which is 500 000 more than in the Ethereum network.

↗️ For comparison, since 2015, the number of daily DOGE transactions has averaged 30 000.

The main reason for the growth was the interest of users in the new DRC-20 token standard.

💬 In May, crypto enthusiasts presented the Cardinals update, which allows deploying «digital artifacts» based on the blockchain.

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🤝 Ripple's key partner has joined forces with a major money transfer service in the UAE

We are talking about Tranglo, whose management announced a partnership with Al Ansari Exchange.

🏆 Having a huge customer base of 3 million people and making about 130 000 transactions daily, this company occupies a prominent place in the market.

The new strategic alliance represents an important milestone in the expansion of Tranglo's activities in the Middle East.

💬 According to analysts, the UAE is the second largest global market for «outbound money transfers».

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‼️ Attention, scammers!

Friends, we have received information about several cases when our clients were deceived on behalf of Promminer.

⚠️ Today we want to emphasize once again that we do not sell our products and services through third-party intermediaries or agents!

Here are a few fake accounts and channels that have nothing to do with us, which we have managed to detect at the moment:

🚫 @Troy_PROMMINER, @ALEX_PROMMINER, @HAKPRO27, @Olol12I, @PROMMINER_Chate_bot, https://t.me/PROMMlNER.

We care about your safety and do everything possible to prevent similar cases in the future.

💜 We urge you to be vigilant and report any suspicious activity to us through our official communication channels:

— Promminer Website: https://promminer.com/
— Phone: +971 58 507 1125

🤝 Hong Kong and the UAE have agreed to cooperate in the regulation of cryptocurrencies

This was reported by the Hong Kong Monetary Authority (HKMA).

The UAE Central Bank and HKMA discussed the expansion of cooperation and decided to strengthen cooperation in the areas of financial infrastructure, cross-border settlements and the development of virtual assets.

💬 Following the meeting, the regulators decided to create a joint working group to promote a number of agreed initiatives.

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🌐 Gemini has applied for a license in the UAE

The exchange said that this action was another step towards its transformation into an international company.

🤝 This week, the management of the trading platform met with interested parties to find out detailed information about local regulatory requirements and the needs of crypto investors in the UAE.

☁️ According to the company's representatives, the country has established itself as a rapidly developing center of cryptocurrencies.

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🪙 The cost of LTC is growing against the background of high network activity

According to experts from Santiment, the bullish dynamics of LTC is caused by the upcoming halving of the coin, which should take place in August.

📈 Against this background, the activity of large investors continues to grow steadily.

💬 In turn, according to IntoTheBlock, in May, LTC network activity reached key extremes, and the total number of addresses exceeded 8.5 million.

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📘 Category: crypto dictionary — complex concepts in simple language

➖ Sid-phrase — a list of random words used to recover funds in case of loss of the password from the wallet application or the device on which the wallet is installed.

➖ WAGMI / We're All Gonna Make It (Together we'll do it) — is a call that encourages collective action in the crypto community.

➖ Paper hand — is an investor who sells assets (often promising or fundamental) during their depreciation.

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🎬 Category: films about cryptocurrency

«Banking on Bitcoins», 2016

💰 This documentary demonstrates how technology can change people's lives. Its authors believe that the creation of BTC is the most important invention after the Internet.

The film also tells about the ideological battle between the dominant financial capitalism and crypto-anarchists.

We recommend watching it! ☘️

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🗼 Hong Kong will not regulate all types of virtual assets

This was stated by representatives of the Hong Kong Securities and Futures Commission.

😛 Game tokens will not be subject to regulation if they are not related to securities and futures.

💬 This will allow Hong Kong to develop Web3 relatively freely — a new generation of the Internet based on blockchain and decentralization.

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🇻🇦 Miners remain bullish about LTC

Despite the increased volatility that has gripped the crypto market this week, crypto miners are still accumulating LTC.

📈 According to IntoTheBlock, in the period from June 3 to June 8, they increased their stocks by 100,000 tokens.

These data indicate that, despite the recent sell-off, as a result of which the price of LTC sank below $ 85, miners are still confident in its attitude.

☁️ At the same time, the halving of the coin is only a few weeks away. Given that the last 2 halvings were followed by updates of historical highs, holders are likely to continue to increase their reserves.

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💰 More than 50% of exchange-traded BTC left the US because of regulators

According to CryptoQuant, the BTC reserves of American exchanges have fallen to a minimum since 2017.

The reason for this was the unfriendly legal environment, in particular, the SEC lawsuit against Coinbase and Binance.

💬 Cryptocurrency mainly moves to the jurisdiction of the EU and Hong Kong. The latter recently equalized the rights of traditional and cryptocurrency companies.

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📘 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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