Crypto.dreames

Crypto Question: “What happens if mining becomes completely unprofitable and miners leave? Will Bitcoin collapse?”

We decided to test a new section on our channel, “Crypto Question.” Ask your questions (even those that seem silly) in the comments, and we will select the most interesting ones and answer them in Q&A format💪

So, about fleeing miners:

In simple language, the answer is “the fewer miners, the more miners!” Let’s imagine that after the next halving, mining will indeed become unprofitable, and miners will start leaving the market.

This will automatically lower the difficulty of Bitcoin mining => this means that mining will become more profitable for the remaining participants => this means that new miners will start joining the network.

Of course, there are other problems in this scenario. For example, the speed of transactions on the network will immediately decrease, and the network will become more vulnerable to attacks.

But in any case, there’s no need to worry because there are no indicators that we’re moving toward this kind of environment!

Curly Sam has been found guilty on all charges 🚨

Many thought SBF would get away with it, but not this time.

He faces up to 115 years in prison for fraud and criminal conspiracy for stealing $8 billion from FTX customers. The best part is that SBF continues to insist on his innocence and vehemently denies the charges.

The court will make a final decision on March 28, 2024, but it is unlikely that Sam will be able to change anything.

But Curly may become famous as the man who committed one of the biggest financial crimes in US history 😇

A lot of people got RECK on both ends. No long or short was safe from the fake news

We manage to pump 2k and add $40B in market cap in 15 minutes over some fake news

This just goes to show you how much money is waiting on the sidelines ready to be injected when the time is right

✅Crypto.dreams

JUST IN: 💰 Coinbase is optimistic about the approval of a spot Bitcoin ETF by the SEC 🧐

"I'm quite hopeful that these applications will be granted, if only because they should be granted under the law."

- Paul Grewal, Coinbase Chief Legal Officer

✅Crypto.dreames

⛓Tron - is the most used blockchain in the world when looking at networks through the number of active users

Tron has 1.08 million users, bitcoin network is actively used by 917,123 users, Ethereum lags behind almost 3-4 times (319,648 users)

📊 Goldman Sachs just said the probability of a recession in the next 12 months is down to 20%.

Bitcoin dropped to $25,000 in just a couple minutes 🤯

About $1 billion in liquidations in 30 minutes....

This is all against the backdrop of Evergrande bankruptcy news. By the way, this company invested in Tether.

🇪🇺🥇 Europe launches first spot Bitcoin ETF.

In what is certainly an important moment for the industry as a whole, Europe has launched its very first Spot Bitcoin ETF. Called the Jacobi FT Wilshere Bitcoin ETF, the service is in regulatory compliance with the Guernsey Financial Services Commission (GFSC) and has been listed on Euronext Amsterdam two years after its approval.

👉🏻 This is monumental news and is likely to positively impact the case for a US Bitcoin Spot ETF as well ⚡️

It's only a matter of time before the BlackRock Bitcoin Spot ETF gets approved 🚀

🚀🥇 $779 billion asset manager AB Bernstein says the approval odds for a spot Bitcoin ETF has risen.

BREAKING: Sam Bankman-Fried jailed for tampering with evidence.

Source

What are Soulbound tokens?

Today, we’re going to talk about a unique type of NFT, the Soulbound token (SBT), which is issued only once and is permanently bound to a single blockchain address.

An SBT token cannot be transferred or sent to another blockchain address, and only the owner of the address has access to it.

The non-transferable token is a prime representative of Web3 technologies. Although there are few real-world examples of SBT use cases, it could theoretically become a popular means for its owner to verify identity and other data.

For now, we can muse about its potential use cases: SBTs can be used as name certificates, passports, diplomas, ownership confirmation, various types of identity verification, and even for credit (for example, your entire credit history can be stored in a single SBT that will never leave your address).

🇺🇸 CPI 3.2%, inflation increases for first time since June 2022.

US CPI: 3.2%

Food away from home inflation: 7.1%

Shelter inflation: 7.7%

Transportation inflation: 9%

Whales continue to believe in Bitcoin

If you want to understand the situation in the crypto market, watch what the whales do. Two major companies have continued to buy Bitcoin in large amounts. Tether purchased 2,310 BTC and now owns 55,008 BTC worth $1.67 billion.

MicroStrategy bought another 467 BTC in Q2, and now Michael Saylor owns 152,800 BTC totaling $4.53 billion. The average purchase price is $29,672 for 1 BTC.

This is great news for Bitcoin and the crypto industry in general: Big companies and investors continue to buy the predominant cryptocurrency.

🥇🚀 The 4th Bitcoin cycle is ready to repeat.

👾 How the market capitalization of leading NFT collections has changed since 2021

Cryptopunks remain the kings of NFTs even though they've sagged 4x from their peak

Twitter’s rebranding has also catapulted the price of Dogecoin.

In addition to the +1,000% growth of the little-known token X, which happened yesterday against the backdrop of Twitter’s name change, Dogecoin’s price rose by +4%.

This happened because, in addition to the appearance of the new X symbol, Elon Musk’s account header featured the logo of DOGE, a popular memecoin long associated with the eccentric billionaire.

Dogecoin is Musk’s “favorite” coin (he was even accused of insider trading🤔). However, just about any news related to Twitter and the Tesla founder can impact the memecoin’s price.

Passively earn in crypto💰
⠀
Today we will touch on methods of passive earnings in crypto. Let's get started!

We will talk about such methods as farming and steaking.

👀It is worth saying that for proper earnings you should have a good bank and learn to choose reliable sites with good APR/APY. Don't forget about hacks, compare all risks and don't invest all your money.

🧐At first many people may not understand the difference between APR & APY, we will tell you everything in simple language. APR is the annual percentage rate, for example, you invest 1.000$ in an Asset with 15% APR. So in one year you will have $1,150, in two years $1,300, etc.

🟢APY is the annual percentage yield, compound interest, which is immediately added to the body of the investment. With the same 15% you will earn much more, but the interest differs depending on the accrual period.

🟢Also, don't forget about TVL (Total Value Locked). This is a metric that can be used to determine the amount of locked cryptocurrency on the platforms. The more such assets, the higher your returns will be.

⚡️Let's get to the main point.

📉Farming is one of the main advantages of the DeFi sector. In simple words you take one asset, add another one and place them for farming in order to get tokens from the protocol. Typically used to attract and retain users.

🙌Staking is analogous to rewarding miners. You invest coins and get rewarded by the network itself. In simple words, payment for work and maintaining the stability of the network/protocol.

❔Do you use methods for passive earnings in crypto?

👍 - Yes
👎 - No

Businesstip & crypto analysis 📊💰

📈 Businesstip & crypto analysis 📊💰