🔤 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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💰 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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💰 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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📊 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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⚙️ 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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🫧💜 PROMMINER — PRICE LIST (22 May) 💜

BITMAIN
🇨🇭 Antminer S19 XP hydro 250 Th/S $3640
🇨🇭 Antminer S19 Pro+ hyd 198 Th/S $3168
🇵🇼 Antminer S19 XP 141 Th/S $2820
🇵🇼 Antminer S19 XP 134 Th/S $2680
🇵🇼 Antminer S19 XP 134 Th/S $2680
🇨🇭 Antminer S19 PRO hydro 165 Th/S $2475
🇨🇭 Antminer S19 hydro 177 Th/S $2655
🇻🇦 Antminer T19 hydro 145 Th/S $1980
🇵🇼 Antminer S19 PRO ++ 135 Th/S $1890
🇵🇪 Antminer S19J Pro + 122 Th/S $1708
🇵🇼 Antminer S19 PRO 110 Th/S $1540
🇵🇪 Antminer S19J Pro 104 Th/S $1144
🇵🇪 Antminer S19J Pro 100 Th/S $1100
🇵🇪 Antminer S19J Pro 96 Th/S $1056
🇵🇼 Antminer S19 95 Th/S $625
🇪🇭 Antminer t19 88 Th/S $559
🇸🇷 Antminer L7 8550 Mh/S $3800
🇸🇷 Antminer L7 8800 Mh/S $3950
🇸🇷 Antminer L7 9300 Mh/S $4750
🇸🇷 Antminer L7 9050 Mh/S $4070
🇸🇷 Antminer L7 9500 Mh/S $5300
🇿🇼 Antminer E9 2400 Mh/S $890
🇵🇪 Antminer KA3 166 Th/S $6550
🇵🇼 Antminer Z15 420 k/sol $1590
🇵🇼 CKB Miner K7 63.5 Th/S $3610
🇵🇼 Antminer HS3 9 9 Th/S $1550
🇸🇷 Antminer D9 1770 Gh/S $3590


🇸🇷 Antminer E9 PRO 3380 Mh/S $1850
🇾🇪 Antminer E9 PRO 3480 Mh/S $1950
🇾🇪 Antminer E9 PRO 3580 Mh/S $2050
🇪🇭 Antminer E9 PRO 3680 Mh/S $2200
🇵🇼 Antminer E9 PRO 3780 Mh/S $2250

WHATSMINER
🇿🇦 Whatsminer M53 226 Th/S $3842
🇸🇰 Whatsminer M33S++ 220 Th/S $3080
🇸🇰 Whatsminer M33S+ 198 Th/S $2772
🇿🇦 Whatsminer M50S 130 Th/S $1560
🇿🇦 Whatsminer M50S 128 Th/S $1536
🇿🇦 Whatsminer M50S 126 Th/S $1512
🇿🇦 Whatsminer M50S 124 Th/S $1499
🇿🇦 Whatsminer M50S 122 Th/S $1464
🇿🇦 Whatsminer M50 120 Th/S $1199
🇸🇰 Whatsminer m30s++ 110 Th/S $1100
🇸🇰 Whatsminer m30s++ 108 Th/S $1080
🇸🇰 Whatsminer m30s++ 106 Th/S $1060
🇸🇰 Whatsminer m30s+ 104 Th/S $1040
🇸🇰 Whatsminer m30s+ 102 Th/S $1020
🇸🇰 Whatsminer m30s+ 100 Th/S $1000
🇸🇰 Whatsminer m30s 90 Th/S $765

___________________________________________________

💜 For order DM @ALEX_PROMMINER or @Troy_PROMMINER

💰 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.

#promminerNews

✅ 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».

#promminerNews

🤝 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

🇼🇫 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

🗼 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

💰 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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🥅 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.

#promminerNews

🆙 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.

#promminerNews