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🇺🇸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%
Crypto.dreames
11 Aug, 17:55
1,733
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).
Crypto.dreames
09 Aug, 17:35
1,213
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 $29,672 for 1 BTC.
This is great news for Bitcoin and the crypto industry in general: Big companies and investors continue to buy the predominant cryptocurrency.
Crypto.dreames
09 Aug, 17:35
981
🥇🚀The 4th Bitcoin cycle is ready to repeat.
Crypto.dreames
07 Aug, 18:00
1,282
👾 How the market capitalization of leading NFT collections has changed since 2021
Cryptopunks remain the kings of NFTs even though they've sagged 4x from their peak
Crypto.dreames
07 Aug, 18:00
1,265
Twitter’s rebranding has also catapulted the price of Dogecoin.
In addition to the +1,000% growth of the little-known token X, which happened yesterday against the backdrop of Twitter’s name change, Dogecoin’s price rose by +4%.
This happened because, in addition to the appearance of the new X symbol, Elon Musk’s account header featured the logo of DOGE, a popular memecoin long associated with the eccentric billionaire.
Dogecoin is Musk’s “favorite” coin (he was even accused of insider trading🤔). However, just about any news related to Twitter and the Tesla founder can impact the memecoin’s price.
Crypto.dreames
03 Aug, 13:34
1,372
Passively earn in crypto💰 ⠀ Today we will touch on methods of passive earnings in crypto. Let's get started!
We will talk about such methods as farming and steaking.
👀It is worth saying that for proper earnings you should have a good bank and learn to choose reliable sites with good APR/APY. Don't forget about hacks, compare all risks and don't invest all your money.
🧐At first many people may not understand the difference between APR & APY, we will tell you everything in simple language. APR is the annual percentage rate, for example, you invest 1.000$ 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?