Crypto Insights | analysis | tips

BTC above 92.5k🔥🚀

#Bitcoin spot ETFs experienced a record net inflow of $1.63 billion last week.

While #Ethereum spot ETFs saw a net inflow of $154 million.

📈 Bitcoin Nears $70,000 Amid Bullish Surge:

Bitcoin is closing in on $70,000 as the U.S. election approaches, boosting market sentiment. Investors are flocking to Bitcoin due to concerns over global economic conditions, with traders predicting continued upward momentum. 🚀

🇮🇹 Italy to raise capital gain tax on Bitcoin from 26% to 42%.

A capital gains tax on cryptocurrency applies when you sell, trade, or dispose of your crypto holdings for a profit.

2024: 💰 Bitcoin retains top spot as best-performing asset in 2024, according to New York Digital Investment Group 🦾

💰 BlackRock states that Bitcoin and crypto adoption is accelerating faster than that of the Internet and mobile phones.

🆕Google adds blue check mark to official email addresses.

Phishing is a fraudulent technique that hackers use to steal your information and data. This is done by impersonating a company and trying to mimic the email address.

To reduce the problem of email fraud, Google (via its Gmail service) launched the Verified feature to confirm official email addresses from unofficial ones.

Crypto speak: Airdrop

Receiving free stuff—especially in the crypto industry—is a lot of fun. An “airdrop” is a free distribution or giveaway of crypto or NFTs for completing simple tasks, such as following a Twitter account or reposting a message. Generally, it’s a marketing strategy to spread the word about an up-and-coming project, product, coin, or crypto exchange.

The best part of airdrops is participation is free, so we encourage all of you to look into them if you’re feeling up to it. New projects are constantly striving to become the “next Bitcoin”; maybe the next airdrop you get will be from such a project😅

But please keep in mind:

Airdrops are supposed to be free. If a project team requests you do unusual things, such as connecting your crypto wallet to a suspicious site, or they ask for a payment, this is a red flag! Stay away from these projects.

JUST IN: 🟠 PayPal now enables business accounts to buy, hold and sell #Bitcoin and crypto 👀

🤓 Donald Trump paid in a cafe with bitcoin for the first time

In particular, he treated his supporters to burgers at a themed bitcoin bar in New York called PubKey.

📊 Only 42 tokens surpassed BTC in terms of growth

And, of course, almost the entire top 10 is occupied by memcoins 🤡

🇬🇧UK High Court rules 💎Tether is legally considered property under new regulations, marking a major crypto milestone!

🤑 Waiting for Blum on Binance

Binance Labs has listed Blume in the event, and if you remember all their past events with Notcoin, DOGS, etc. that had great giveaways, it makes sense to farm the points and wait for the coins.

Is the Blum era coming?

Bitcoin's Coinbase premium hit a 39-day high as the price reclaimed $63K. The Coinbase Premium Index, which measures the gap between $BTC prices on Coinbase Pro vs Binance, reached 0.0114 - its highest since July 15. This suggests increased US investor demand.

The surge in demand followed Fed Chair Jerome Powell's speech at Jackson Hole, where he indicated that interest rate cuts were likely, though no specific timeline was given.

Do you think $BTC will surge further this coming week?

👍 Yes

👎 No

Bitcoin is still undervalued 😎

@crypto_currencyTM✅️

Bitget Wallet surpasses MetaMask in downloads, with over 30 million users.

Global financial markets were rattled today as over $2.9 trillion was erased from stocks, driven by mounting fears of a global recession.

The U.S. stock market faced big declines at the opening bell, with major indices such as the S&P 500 and the Nasdaq Composite plunging over 2% and 3%, respectively. This downturn was sparked by weaker-than-expected U.S. jobs data, which revealed a spike in the unemployment rate to 4.3%, the highest since October 2021.

💰 Bitcoin exchange reserves have hit a five-year low

NEW: 🇺🇸 US Senator Bill Hagerty on #Bitcoin: "We need to make certain that it happens here in America." 👏

Dev of a memecoin turned 3 $SOL ($552) into 15,508 $SOL ($2.85M), a gain of 5,169x!

📈Crypto_whales

What Are Some Common P2P Scams?

😀 Fake proof of payment or SMS
Scammers may digitally alter receipts to convince you they have sent payment and trick you into releasing crypto to them. One example is the SMS scam where criminals forge a text message to notify the victim that they have received a payment. 

➡️ How to avoid this scam: As a seller, you should only approve the transaction after checking if the payment is already in your wallet or bank account.

To be continued 🚀

📈Crypto_Ocean

The 51% Attack: A Looming Threat to Crypto's Foundation?

Picture this- a single entity gains control of a cryptocurrency network, capable of manipulating transactions and rewriting history. This is the nightmare of a 51% attack, a serious threat to the foundation of blockchain networks.

With majority control, an attacker can double-spend coins, reverse transactions, and halt new confirmations. For instance, a malicious actor could spend the same Bitcoin twice, causing substantial financial losses for exchanges and merchants. They could also reverse confirmed transactions, effectively stealing funds.

Executing a 51% attack requires immense computational power, making it a challenging and costly task. Nevertheless, the risk remains, underscoring the need for robust network security measures and protocols to mitigate this threat.

The importance of crypto security cannot be overstated. As cryptocurrency usage expands, so does the need for stringent security measures to prevent 51% attacks and other threats. Continuous development and research are vital to fortifying blockchain networks and ensuring the integrity of the crypto ecosystem. The future of cryptocurrency hinges on our ability to safeguard it from these vulnerabilities.