‼️ 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.

#promminerNews

🌐 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.

#promminerNews

🪙 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.

#promminerNews

📘 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.

#promminerinfo

🎬 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! ☘️

#promminerinfo

🗼 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.

#promminerNews

🇻🇦 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.

#promminerNews

💰 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.

#promminerNews

📘 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.

#promminerNews

🗼 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.

#promminerNews

🇼🇫 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.

#promminerNews

💰 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%.

#promminerNews

🎬 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! ☘️

#promminerinfo

🗼 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.

#promminerNews

💰 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.

#promminerNews

🟡 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.

#promminerNews

💰 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.

#promminerNews

🚀 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.

#promminerNews

🏆 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.

#promminerNews

💳 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.

#promminerNews