💰 BTC > $30 000

On April 11, after a long sideways movement, the first cryptocurrency broke through the level of $ 30 thousand.

📈 The last time BTC was at this level was on June 10, 2022.

Prices for mining equipment strongly depend on the BTC exchange rate. If the coin becomes more expensive, then the popularity of mining is growing and the prices of the devices are also growing.

🥅 Therefore, if you wanted to engage in mining or simply expand your production capacity, then this is the best time!

💭 In the conditions of market growth, the equipment purchased now can pay off in a few months.

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🟩 Category: crypto dictionary — complex concepts in simple language

• Nodes — are each computer connected to the network with the client enabled. The nodes of the network store the last copy of the blocks from the blockchain chain. They ensure the implementation of transactions and maintain a high level of network security.

• Instamine — unfair distribution of currency at an early stage of the issue. The creators of the cryptocurrency at first extract a large amount of coins, which leads to the complication of mining.

• Dump — artificial depreciation of the cryptocurrency rate committed by major market players. They sell coins in large quantities, thereby creating an oversupply in the market.

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💜 We understand that the quality and reliability of mining equipment is what is above all for our customers.

Therefore, our company presents only the best devices from leading manufacturers, such as Bitmain, MicroBT, Innosilicon and Canaan.

⚙️ We test and verify each product before offering it to you.

If you are looking for reliable and proven mining equipment, contact Prominer.

💜 Our managers will help you choose the best options, provide high-quality service and support at all stages of cooperation.

💰 BTC-millionaires are becoming more and more

This was reported by the Finbold portal.

📅 In the first 2 weeks of April alone, over 50,000 new users appeared who own $1 million worth of BTC.

So, on April 14, the indicator was 80,659, which is 187% more than on January 5.

💬 If the BTC price continues to rise, then we should expect a further increase in the number of BTC millionaires.

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🗺 Bybit crypto exchange has announced that it has opened a global headquarters in Dubai

The long-awaited event took place almost 1 year after the firm announced plans to settle in the UAE.

🥈 The company assured: among more than 400 crypto and blockchain companies, Bybit ranked 2nd among exchanges in the region.

💬 In less than the last 12 months, trading volumes in the Middle East and North Africa have reached $33.5 billion.

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🥅 The daily income of miners has reached a maximum in 10 months

This is due to the rapid growth of the main cryptocurrency.

📈 As reported by the Reuters news agency, the average daily income of BTC miners in 30 days rose to $27.34 million.

💬 This is the highest figure since June 2022.

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💰 A new interface for buying BTC has appeared in the Telegram bot Wallet

The developers of the bot announced the introduction of the possibility of buying, withdrawing and exchanging BTC directly through the web interface.

💳 You can do this in the «Market» section using a bank card or via P2P.

💬 The Wallet web interface also allows you to exchange TON, USDT and BTC among themselves.

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🥅 The WEF recognized the environmental benefits of mining

The organizers of the World Economic Forum said that this activity can significantly reduce greenhouse gas emissions into the atmosphere.

💬 BTC mining will also give people the opportunity to earn digital assets without the risks inherent in trading in an unstable cryptocurrency market.

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💰 The correlation of gold and BTC has reached another historical extreme

The indicator has continued to grow steadily since March 2023, when the banking crisis began to develop in the United States.

📈 Now, according to the analytical publication Kaiko, the 30-day direct correlation of BTC and gold has reached 57%.

💬 This indicates that the flagship of the crypto market is increasingly being viewed by investors as a tool for risk diversification.

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🔤 BitOasis has received a license to work in Dubai

The Dubai Virtual Asset Regulatory Authority (VARA) has stated that no firm has yet received a license at the full market product stage.

💬 Thanks to the license, the crypto exchange will be able to provide broker-dealer services to qualified retail and institutional investors in Dubai in accordance with the VARA regulatory regime.

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🪙 Jack Dorsey's Block has developed a prototype of an ASIC chip for open source BTC mining

With the help of development, the company seeks to reduce the centralization of mining and related equipment.

⚙️ The decisions taken will allow the company to «bring more efficient and affordable mining equipment to the market».

☁️ Back in 2021, the ex-head of Twitter proposed creating a universal and eco-friendly system for mining cryptocurrencies with open source code.

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💰 The current BTC halving cycle is 75% completed

According to experts, the future holding, as well as a combination of circumstances and time, will become a springboard for the growth of the value of BTC.

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🏆 Coinbase management called the UAE a possible strategic hub

The statement is timed to coincide with the visit of the CEO of Coinbase and other top managers of the platform to the UAE, during which they are expected to meet with local regulators.

💬 «The country serves as a strategic bridge between Asia and Europe — two key foreign regions for us today», — the commentary explains.

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💰 BTC miners do not sell coins amid high commissions

According to Glassnode, recently the commission on transactions in the BTC network exceeds $30. The last time such dynamics was observed during the active bull run in 2021.

✅ Such circumstances are very beneficial for crypto miners. Analysts had concerns that miners could sell off some assets in order to realize higher revenues.

However, on-chain metrics indicate that the volume of transactions from them remains quite low.

💬 For BTC, this is a fairly positive sign, indicating that miners are now adhering to accumulation tactics.

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📚 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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