🔔 News from the past week


💎 Cryptocurrency

🟢 MicroStrategy bought another 850 BTC and now they have 190,000 BTC on their balance

🟢 BTC ETF from BlackRock and Fidelity entered in the top 10 of all ETFs by capital inflows in January

🟢 SEC postponed the decision on the spot ETH ETF from Invesco

🟢 SpaceX accepted payment in Dogecoin for the launch of the DOGE-1 satellite

🟢 Nayib Bukele was re-elected as President of El Salvador and intends to continue BTC implementation policy

🟢 The regulated crypto platform Bakkt is preparing to close due to lack of funding


💼 Financial news

🟢 Chinese Zhejiang Chouzhou Commercial Bank has stopped operations with the Russian Federation

🟢 Chinese authorities decided to replace the head of the main stock market regulator

🟢 In January, inflation in Ukraine decreased to 4.7 %


🔄 Regulation

🟢 The court ordered Ripple to provide financial data on institutional sales of XRP to the SEC

🟢 The SEC will regulate liquidity providers in DeFi that brought in more than $50 million

🟢 The authorities of Uzbekistan are preparing a lawsuit against Binance for refusing to pay a fine for operating without a license

🟢 Do Kwon won the appeal and is not yet going to trial in the USA or South Korea


⚙️ Technologies

🟢 Investment giant Vanguard uses AI for management funds worth $13 billion

🟢 OpenAI will teach ChatGPT to take control of user devices

🟢 In Hong Kong, scammers defrauded $25 million from an employee of a transnational company using a deepfake


#weeklynews

➡️Interesting Facts about .eth Domains⬅️

✅Now that you know what ENS is, it's time to explore some interesting facts about .eth domains made available to users through the ENS service.

1️⃣.eth domains are built on a decentralized infrastructure, making them resistant to censorship. No centralized organization (such as a government) can block your .eth domains in any geographical location.

2️⃣Furthermore, you can link your .eth domain to the address of your cryptocurrency wallet. This allows you to share your domain name with friends or clients and receive payments directly into the linked wallet. So, the next time you want to receive a payment, you can simply provide your domain to the sender instead of sending a wallet address like "0x845sjh38sb334...". No need to worry about making a mistake with a character and losing your cryptocurrency.

3️⃣You can also link it to files uploaded to the InterPlanetary File System (IPFS). Then, with the help of specific plugins, anyone with access can view these files as web pages.

4️⃣Finally, .eth domains provided by the ENS service are ERC-721 tokens or NFTs. Ownership rights are recorded on the Ethereum blockchain. Therefore, you can trade your .eth domains on NFT marketplaces, such as OpenSea, for example.


#Guides

What is AirDrop❔

💲In the cryptocurrency sphere, AirDrop refers to the distribution of digital assets of a blockchain project or platform among potential investors or users. This term is primarily used in the context of marketing strategies of crypto platforms aimed at attracting the attention of future customers and investors.

➡️These projects conduct a free transfer of cryptocurrency directly to users' wallets. Sometimes participation in the AirDrop program and receiving tokens may require fulfilling certain conditions from the client or potential investor.

Why are cryptocurrency AirDrops conducted❔

The main goal is to attract attention and increase user activity on the platform. In addition to marketing purposes, new cryptocurrency projects may use AirDrops for:

1️⃣Distribution of governance tokens: These tokens, in addition to their financial value, grant holders the right to vote and influence important decisions regarding the project. This is similar to the management of shares in a publicly traded company, where shareholders make decisions through voting at meetings, proportional to the number of their shares.

2️⃣Launching the blockchain system: In some cases, cryptocurrency AirDrops are necessary to activate the entire blockchain system of the project, encouraging users to conduct transactions and thereby accelerating the development of the platform.


#Guides

🟢BlackRock increased the amount of BTC on balance to 109,609 BTC for its spot BTC-ETF

🟢Hedera - partnership with the global food company Mondelēz International

🟢in less than 1 month, US spot BTC-ETFs captured 3.5% of all existing BTC from the market - BI

🟢Crypto com filed application for a license in Hong Kong

#crypto_tweets

Bitcoin ETFs: Last 4 Days Inflow Bigger Than First 3 Weeks💰

🪙In just a matter of days, these spot Bitcoin ETFs have attracted staggering inflows, signaling a significant shift in the bitcoin investment landscape.

✅Thomas Fahrer, the co-founder of Bitcoin tracking platform Apollo, noted the fast growth of funds’ inflow into the bitcoin ETFs, stating:

“We’re witnessing total acceleration of #BTC ETF inflows. First 20 days of Trading ~ 42K BTC Inflows. Last 4 Days of trading ~ 43k BTC Inflows”

#Infopost

🔔 News from the past week


💎 Cryptocurrency

🟢 Franklin Templeton has submitted an application for a spot ETH ETF

🟢 The Chainlink crypto project has entered into a partnership with the Spanish telecommunications company Telefonica

🟢 Open interest in crypto futures reached a record level in autumn 2021

🟢 In the fourth quarter of 2023, Coinbase earned $273 million

🟢 The new stablecoin FDUSD accounts for 38 % of all trades on Binance


💼 Financial news

🟢 The court found Donald Trump guilty in the case of fraud with loans and ordered him to pay $454 million

🟢 Jeff Bezos sold shares $6 billion Amazon

🟢 Japan's GDP fell in the fourth quarter of 2023 by 0, 3%, the country has officially entered a technical recession


🔄 Regulation

🟢 The court ordered Elon Musk to testify in the Twitter acquisition case

🟢 Cryptobankrupt Genesis received permission vessels to sell GBTC shares worth $1.3 billion


⚙️ Technologies

🟢 OpenAI added a memory function to ChatGPT

🟢 OpenAI has released a neural network for creating videos - Sora

🟢 The ERC-404 MINER token fell by 88% due to an exploit, $460k in liquidity was withdrawn

🟢 The gaming blockchain platform PlayDapp was hacked for $290 million


#weeklynews

What is a seed phrase❔

🟡The seed is a key element of your Bitcoin security strategy. This is a sequence of 12 or 24 words that form the basis for generating keys that allow you to manage your cryptocurrency funds. These words are sensitive information and must be kept strictly confidential.

What is a seed phrase❔

🆘Commonly known as a backup phrase, recovery phrase or mnemonic phrase, a seed phrase consists of 12 or 24 words that must be stored when creating a Bitcoin wallet. This phrase is actually a human-adapted representation of a seed, which is a long string of random numbers.

How seed phrases work❔

When creating a new hierarchically determined Bitcoin wallet, a unique seed phrase is generated. For security purposes, it is important to store this seed phrase as it can be used to recover the wallet if necessary.

🌐Technically, a seed phrase is a set of 24 words representing random numbers, known as a seed. This seed is used to create a private master key, which is the basis for all other private keys in the wallet. The private keys, in turn, are used to generate corresponding public keys, which can be used individually or in combination to create Bitcoin addresses.


#Guides

What is the difference between coins and tokens❔

When we talk about cryptocurrencies, we encompass a variety of digital assets, but it's important to differentiate between coins and tokens. Let's delve into this issue more deeply.

For newcomers to the world of cryptocurrencies, getting started with the market can be challenging. While many may be familiar with the term "Bitcoin," questions arise regarding thousands of other coins and projects on the blockchain.

Coins💰

Coins are cryptocurrencies that operate on their own blockchain. An example of a coin is Bitcoin. These cryptocurrencies are created from scratch, with the blockchain designed specifically for a particular purpose. For example, Bitcoin is designed for censorship-resistant storage of value and exchange with a reliable monetary policy. The network token of Bitcoin - BTC or bitcoin - is the most liquid cryptocurrency in the market, with the highest market capitalization.

Usually, coin developers can draw inspiration from existing technologies or cryptocurrencies, integrating new solutions into an innovative network created for a specific purpose.

Tokens💰

Tokens are a unique extension of smart contract platforms, such as Ethereum. These platforms allow users to create, issue, and interact with tokens that are derivatives of the main blockchain.

For example, the surge of interest in ICOs in 2017 is associated with the use of the ERC-20 token standard on the Ethereum platform. It is a protocol for creating tokens on the Ethereum blockchain that can be exchanged for each other. Projects created applications based on Ethereum using smart contracts, issued their tokens for use in them, and raised funding from investors in the form of ETH.

#Guides

🔔 News from the past week


💎 Cryptocurrency


🟢 Circle has stopped the issuance of USDC on the TRON network and will eventually abandon this blockchain completely

🟢 The Swiss bank PostFinance has opened cryptocurrency trading

🟢 Social network Reddit invests excess cash in BTC and ETH

🟢 The court approved payment to Binance $4.3 billion to the US Department of Justice, according to a plea deal

🟢 BTC holdings on Coinbase reached minimum since 2015

🟢 Crypto exchange Kraken filed a motion to dismiss the SEC lawsuit


💼 Financial news

🟢 Berkshire Hathaway's cash stock reached record $167.6 billion

🟢 In just 9 days, Jeff Bezos sold 50 million Amazon shares worth $8.5 billion

🟢 The ECB reported a record loss in 2023 – €7 .9 billion


🔄 Regulation

🟢 China's stock market regulator banned sell to large players at the beginning and end of trading

🟢 The Honduran authorities have banned institutions from trading cryptocurrency

🟢 EU fined Apple on $539 million for violation of competition rules

🟢 LUNA founder Do Kwon will be extradited to the USA


⚙️ Technologies

🟢 The first person with a Neuralink chip in the brain feels feels good and controls the cursor with the power of thought 🧠

🟢 ChatGPT has studied all the information on the Internet until December 2023

🟢 Google has closed access to image generation using the Gemini neural network due to frequent errors

🟢 Crypto exchange FixFloat confirmed a $26 million hack

🟢 The crypto wallet of the co-founder of Axie Infinity was hacked for $10 million


#weeklynews

Cryptocurrency Networks - What's the Difference? Using BEP20, ERC20, BEP2, and TRC20 as Examples. 💰

✔️In the world of cryptocurrencies, there are different blockchains, and consequently, different networks. Today, we will explore major blockchain networks, including their fees, addresses, and supported tokens.

📈In recent years, multi-currency wallets supporting a wide range of cryptocurrencies have gained popularity, simplifying interactions with them. These wallets allow users to operate across multiple blockchain networks, streamlining cryptocurrency handling.

➡️BEP2 and BEP20

Today, investors often choose between BEP20, ERC20, BEP2, and TRC20 networks. Each of them has unique addresses, preventing confusion and accidental token transfers between networks.

BEP20, like BEP2, is a token standard on the Binance Smart Chain, extending the functionality of ERC-20 and BEP-2 tokens by facilitating token transfers between different blockchains.

The main difference between Binance Smart Chain and Binance Chain lies in their purposes: Binance Smart Chain is oriented towards decentralized finance, while Binance Chain is used for transactions.

➡️About TRC20 and ERC-20

Now, let's consider TRC20 and ERC-20. The ERC-20 standard enables the creation of tokens on the Ethereum blockchain using smart contracts. On the other hand, the TRC20 standard applies to all tokens issued on the Tron blockchain.

For example, the cryptocurrency USDT has been issued on the Bitcoin blockchain as well as on TRC20, ERC20, BEP2, BEP20, and OMNI protocols. Such tokens can provide a wide range of capabilities across different blockchain networks.

➡️Conclusion

It's important to remember that when transferring assets, choosing the right network and blockchain is crucial. Multi-currency wallets typically offer automatic prompts for selecting the appropriate network, and it's vital to carefully verify the selection before completing a transaction.

#Guides

🟢The Nigerian government demands Binance $10 billion in compensation for damages from illegal activities

🟢BlackRock increased the amount of BTC on balance to 161,265 BTC for its spot BTC-ETF
The volume of assets under management in the spot BTC-ETF fund reached $10 billion

🟢Arbitrum - partnership with DeSpread - expansion in South Korea

🟢The Kyrgyz crypto exchange Four Dragons reported about a large-scale hack

🟢The volume of assets in Hong Kong crypto ETFs has grown 5 times since October 2023 - RTRS


#crypto_tweets

What are altcoins and why are they called that❔

➡️For many newcomers to the world of cryptocurrencies or ordinary individuals interested in this topic, the term "altcoin" may sound unfamiliar. Some believe it is just a type of cryptocurrency, while others do not associate altcoins with digital assets at all. What do altcoins actually represent?

📊Altcoins are any cryptocurrencies created after Bitcoin. The term consists of the words "alternative" and "coin," signifying them as alternative coins. According to CoinMarketCap, there are over 23,000 cryptocurrencies in the world, and all of them, except Bitcoin, are considered altcoins.

👍The first altcoin was Namecoin (NMC), created in April 2011 as a fork of Bitcoin for decentralized domain name registration. The most well-known altcoin is Ethereum, occupying over 19% of the total market volume.

💰Altcoins can be seen as enhanced versions of Bitcoin. After the success of the first cryptocurrency, many enthusiasts started creating their own coins, introducing various changes to the original idea.

It is important to note that the number of altcoins is constantly growing, but a significant portion of them is useless, created for speculation or fraud, and they are referred to as "shitcoins." Such cryptocurrencies may be similar to each other, but every new coin claiming value should be useful and address specific tasks.

#Guides

The SEC has declared the need to soften its approach to cryptocurrencies.🦊

➡️The U.S. financial system requires greater decentralization. Commissioner Hester Peirce stated during the ETH Denver conference that the regulation and enforcement by the SEC concerning digital assets need to be eased.

"Centralization means concentrated risks. Decentralization can bring stability and strength to the financial system," Peirce said.

➡️The official expressed concern about the discussed bill aimed at granting institutional status to nodes, validators, non-custodial wallets, mining pools, and software.

❗️Peirce also commented on the agency's position regarding the expansion of the dealer rule into the DeFi sector:

"The entire concept of decentralization is vastly different from what we are accustomed to at the SEC. When someone on the team interacts with code rather than a physical or legal entity, it becomes a real problem for the Commission."

#Infopost

🔔 News from the past week


💎 Cryptocurrency

🟢 BofA's Merrill and Wells Fargo opened access to spot bitcoin ETF

🟢 Justin Sun boasted of a wallet with a balance of 28,613 BTC

🟢 Investment company VanEck launched NFT marketplace SegMint

🟢 Gemini crypto exchange will return $1.1 billion to Earn users

🟢 Binance managers who arrived in the country to deal with the blocking of the platform’s website were arrested in Nigeria

🟢 Crypto exchange HTX has withdrawn its application for registration in Hong Kong

🟢 The trader mistakenly received from the OTCPro exchange $653k instead of $65k, withdrew funds and went on the run


💼 Financial news

🟢 The US Congress voted to delay the shutdown, now until March 8-22

🟢 Sweden officially joined NATO, the Hungarian parliament ratified the accession agreement

🟢 The European Parliament voted to allocate €50 billion to Ukraine

🟢 Chinese government funds bought $57 billion worth of shares to save the stock market



🔄 Regulation

🟢 The State Duma of the Russian Federation adopted a law on international payments using DFA (not cryptocurrency)

🟢 The US IRS hired former employees of ConsenSys, Binance US and TaxBit to hunt crypto traders


⚙️ Technologies

🟢 Elon Musk is suing Sam Altman and OpenAI for abandoning the company's original mission

🟢 $56.5 million was withdrawn from the hot wallets of the Bitforex crypto exchange, the platform stopped depositing and withdrawing funds

🟢 The RiskOnBlast blockchain platform team stole 420 ETH, removing liquidity from the protocol


#weeklynews