❔ What is volatility?
Simply put, volatility is the up-and-down “jumps” of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time.
In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss.
It is important to always take this factor into account; however, you’ve probably already realized that.
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Simply put, volatility is the up-and-down “jumps” of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time.
In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss.
It is important to always take this factor into account; however, you’ve probably already realized that.
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🇩🇪 After the German sold ALL their bitcoin somebody sent them $1.87 #Bitcoin and inscribed the message “HFSP German government” 😂👌
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After the assassination attempt on Donald Trump, the bet on Polymarket that he will win the election rose to 70%
Memcoins MAGA and TREMP also rose significantly in value.
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Memcoins MAGA and TREMP also rose significantly in value.
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What is play-to-earn, and what do I need to know about it?
The blockchain industry has had a profound influence on many aspects of our lives over the past few years. In the gaming sector, blockchain technology introduced a brand-new form of entertainment.
Gamers will be familiar with a modern concept of gaming, called pay-to-play, which means you have to buy the game to play. However, blockchain made possible a new gaming model called play-to-earn (P2E), where gamers can earn crypto or NFTs by playing the game.
Although the idea sounds promising on paper, the reality is that it isn’t simple or easy to earn significant sums from P2E games. Many projects require large up-front costs, others are aggressive and unfair with their tokenomics, and some are outright scammers.
Want to see what a P2E game looks like, without coughing up money? We’ve put together a list of free P2E games that don’t require money down to start playing, giving you a chance to start earning right from the get-go.
💸 Crypto Mining
The blockchain industry has had a profound influence on many aspects of our lives over the past few years. In the gaming sector, blockchain technology introduced a brand-new form of entertainment.
Gamers will be familiar with a modern concept of gaming, called pay-to-play, which means you have to buy the game to play. However, blockchain made possible a new gaming model called play-to-earn (P2E), where gamers can earn crypto or NFTs by playing the game.
Although the idea sounds promising on paper, the reality is that it isn’t simple or easy to earn significant sums from P2E games. Many projects require large up-front costs, others are aggressive and unfair with their tokenomics, and some are outright scammers.
Want to see what a P2E game looks like, without coughing up money? We’ve put together a list of free P2E games that don’t require money down to start playing, giving you a chance to start earning right from the get-go.
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JUST IN: 🇩🇪 The German government puts out a press release covering their "market-friendly sale" of 49,858 Bitcoin 🤡
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🚨 Update: WazirX hacker funnels $149M of $SHIB, $MATIC other altcoins into $ETH
Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.
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Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.
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NEW: 💰 7D Bitcoin Hashrate hits NEW ALL TIME HIGH of 661,000,000,000,000,000,000 hashes/s! ⚡️
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What happens if mining becomes unprofitable and all miners leave Bitcoin?
This is a popular question!
If miners start leaving Bitcoin all together, the difficulty of mining will decrease. This means that it will be easier for the remaining miners to mine Bitcoin, which in turn will bring new miners to the blockchain.
Thus, the system is self-regulating, and it is very unlikely that the Bitcoin network will suddenly collapse due to a miner exodus.
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This is a popular question!
If miners start leaving Bitcoin all together, the difficulty of mining will decrease. This means that it will be easier for the remaining miners to mine Bitcoin, which in turn will bring new miners to the blockchain.
Thus, the system is self-regulating, and it is very unlikely that the Bitcoin network will suddenly collapse due to a miner exodus.
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Random Bitcoin fact: Bitcoin is a deflationary asset.
It's total supply is capped at 21 million coins, making it deflationary as the supply cannot be inflated beyond the predetermined limit. This scarcity implies that over time, the value of Bitcoin is expected to increase due to limited supply and growing demand, making it a store of value similar to gold.
However, this nature also incentivizes users to hold on to their coins rather than spend them, potentially impacting economic activity.
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It's total supply is capped at 21 million coins, making it deflationary as the supply cannot be inflated beyond the predetermined limit. This scarcity implies that over time, the value of Bitcoin is expected to increase due to limited supply and growing demand, making it a store of value similar to gold.
However, this nature also incentivizes users to hold on to their coins rather than spend them, potentially impacting economic activity.
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The trading volume was largely boosted by new TradFi institutions, along with the launch of the first spot Ether ETFs.
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⚡️MtGox has already paid compensation in BTC and BTH to 17,000 creditors, more than 70% of the previously reported 24,000.
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The number of new addresses on the Ethereum network has fallen to a December 2023 low
Over the weekend, the seven-day moving average (7DMA) measure of the number of new addresses on the Ethereum network set a new low of December 2023 at 81,914, according to Glassnode.
A similar trend can be seen in the average number of active addresses. On Aug. 2, the index set a new low of January 2024.
In addition, the average daily number of transactions on the network has been falling since the end of July 2024.
Over the weekend, the seven-day moving average (7DMA) measure of the number of new addresses on the Ethereum network set a new low of December 2023 at 81,914, according to Glassnode.
A similar trend can be seen in the average number of active addresses. On Aug. 2, the index set a new low of January 2024.
In addition, the average daily number of transactions on the network has been falling since the end of July 2024.
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Lightning Network: Turbocharging Bitcoin Transactions
The Lightning Network is revolutionizing Bitcoin's scalability, enabling fast and low-cost transactions. By creating off-chain payment channels, users can conduct multiple transactions without overloading the main blockchain. This allows for instant transactions with minimal fees, ideal for microtransactions.
Imagine buying a coffee with Bitcoin without worrying about high fees or long confirmation times. The Lightning Network makes this possible. For instance, if you buy a $2 coffee every day for a week, normally you'd have seven separate transactions with significant fees. With the Lightning Network, you can open a payment channel with the coffee shop, conduct all seven transactions off-chain, and settle the total amount ($14) on the main blockchain in one transaction, with minimal fees.
Its scalability and efficiency mark it as a crucial innovation for the future of cryptocurrency adoption.
The Lightning Network is revolutionizing Bitcoin's scalability, enabling fast and low-cost transactions. By creating off-chain payment channels, users can conduct multiple transactions without overloading the main blockchain. This allows for instant transactions with minimal fees, ideal for microtransactions.
Imagine buying a coffee with Bitcoin without worrying about high fees or long confirmation times. The Lightning Network makes this possible. For instance, if you buy a $2 coffee every day for a week, normally you'd have seven separate transactions with significant fees. With the Lightning Network, you can open a payment channel with the coffee shop, conduct all seven transactions off-chain, and settle the total amount ($14) on the main blockchain in one transaction, with minimal fees.
Its scalability and efficiency mark it as a crucial innovation for the future of cryptocurrency adoption.
🐹 While hamsters were draining, whales were buying back the market drawdown
IntoTheBlock: whales, whose balance is from 1000 to 10 thousand BTC, kept calm during the bitcoin slump and actively bought back BTC.
At the same time, hamsters with less than one BTC on their balance significantly sold out their bitcoins yesterday.
IntoTheBlock: whales, whose balance is from 1000 to 10 thousand BTC, kept calm during the bitcoin slump and actively bought back BTC.
At the same time, hamsters with less than one BTC on their balance significantly sold out their bitcoins yesterday.
💎 NEW: Binance will list Toncoin ($TON) and open trading for the following spot trading pairs at 2024-08-08 10:00 (UTC).
New Spot Trading Pairs: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY.
Is this BULLISH for $TON?
👍 - YES
👎 - NO
New Spot Trading Pairs: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY.
Is this BULLISH for $TON?
👍 - YES
👎 - NO
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🤓Arthur Hayes: BTC will survive under any president
🪙 Arthur Hayes said that it doesn’t matter to BTC who will become the next US president — Harris or Trump. In his opinion, any successor to Biden will be forced to “print money”, the difference will only be in the nuances.
Main points:
✔️Hayes believes that creating a Bitcoin reserve is unrealistic even if Trump wins — the administration will rather buy precious metals.
✔️He is confident that the cryptocurrency will grow despite the winding path: “In the end, we know where it’s going.”
🪙 Arthur Hayes said that it doesn’t matter to BTC who will become the next US president — Harris or Trump. In his opinion, any successor to Biden will be forced to “print money”, the difference will only be in the nuances.
Main points:
✔️Hayes believes that creating a Bitcoin reserve is unrealistic even if Trump wins — the administration will rather buy precious metals.
✔️He is confident that the cryptocurrency will grow despite the winding path: “In the end, we know where it’s going.”
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