🚀 Top Trending Coins (Today)
1. RBX
2. OCTA
3. TRUMP
4. MOCA
5. TON
6. SPIKE
7. WAT
8. ZRO
9. BTC
10. $CWIF
11. ONDO
12. ATH
13. SOL
14. POPCAT
15. MKR
1. RBX
2. OCTA
3. TRUMP
4. MOCA
5. TON
6. SPIKE
7. WAT
8. ZRO
9. BTC
10. $CWIF
11. ONDO
12. ATH
13. SOL
14. POPCAT
15. MKR
How does crypto works
https://news.1rj.ru/str/Bitcoin_Crypto_Web
Cryptocurrency works through a technology called blockchain, which is a decentralized and distributed ledger that records all transactions across a network of computers. Here is a simplified explanation of how cryptocurrency works:
1. Cryptography: Cryptocurrencies use cryptographic techniques to secure transactions, control the creation of new units, and verify the transfer of assets.
2. Blockchain: Transactions are recorded in blocks, which are linked together in a chain. Each block contains a list of transactions, a timestamp, and a cryptographic hash of the previous block. This creates a secure and transparent record of all transactions.
3. Decentralization: Unlike traditional centralized systems, cryptocurrencies operate on a decentralized network of computers called nodes. These nodes work together to validate transactions and maintain the integrity of the blockchain.
4. Consensus Mechanism: To prevent fraud and ensure the accuracy of transactions, cryptocurrencies use consensus mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS). These mechanisms require participants to solve complex mathematical problems or stake their cryptocurrency to validate transactions.
5. Wallets: Cryptocurrency wallets are digital tools that allow users to store, send, and receive cryptocurrencies. Each wallet has a unique public address and private key for secure access.
6. Mining: In some cryptocurrencies, like Bitcoin, miners use powerful computers to solve complex mathematical problems and validate transactions. Miners are rewarded with newly minted coins for their efforts.
7. Transactions: When a user initiates a transaction, it is broadcasted to the network and added to a block. The transaction is then verified by nodes in the network before being permanently recorded on the blockchain.
8. Security: Cryptocurrencies are secured by cryptographic algorithms and private keys, making them resistant to hacking and fraud. However, users must also take precautions to protect their private keys and wallets from theft.
https://news.1rj.ru/str/Bitcoin_Crypto_Web
Cryptocurrency works through a technology called blockchain, which is a decentralized and distributed ledger that records all transactions across a network of computers. Here is a simplified explanation of how cryptocurrency works:
1. Cryptography: Cryptocurrencies use cryptographic techniques to secure transactions, control the creation of new units, and verify the transfer of assets.
2. Blockchain: Transactions are recorded in blocks, which are linked together in a chain. Each block contains a list of transactions, a timestamp, and a cryptographic hash of the previous block. This creates a secure and transparent record of all transactions.
3. Decentralization: Unlike traditional centralized systems, cryptocurrencies operate on a decentralized network of computers called nodes. These nodes work together to validate transactions and maintain the integrity of the blockchain.
4. Consensus Mechanism: To prevent fraud and ensure the accuracy of transactions, cryptocurrencies use consensus mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS). These mechanisms require participants to solve complex mathematical problems or stake their cryptocurrency to validate transactions.
5. Wallets: Cryptocurrency wallets are digital tools that allow users to store, send, and receive cryptocurrencies. Each wallet has a unique public address and private key for secure access.
6. Mining: In some cryptocurrencies, like Bitcoin, miners use powerful computers to solve complex mathematical problems and validate transactions. Miners are rewarded with newly minted coins for their efforts.
7. Transactions: When a user initiates a transaction, it is broadcasted to the network and added to a block. The transaction is then verified by nodes in the network before being permanently recorded on the blockchain.
8. Security: Cryptocurrencies are secured by cryptographic algorithms and private keys, making them resistant to hacking and fraud. However, users must also take precautions to protect their private keys and wallets from theft.
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📊 Market Overview:
BTC : $62616
ETH : $3343.55
BNB : $570.83
SOL : $152.27
⚡ Dominance :
BTC : 51.22 %
ETH : 16.66 %
Stables : 6.07 %
📈 Market Cap :
Total : 2.41T
DeFi : 83.01B
24hr Vol : 78.15B
BTC : $62616
ETH : $3343.55
BNB : $570.83
SOL : $152.27
⚡ Dominance :
BTC : 51.22 %
ETH : 16.66 %
Stables : 6.07 %
📈 Market Cap :
Total : 2.41T
DeFi : 83.01B
24hr Vol : 78.15B
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How does bitcoin work? 🤔
The idea behind BTC 💰 by its creator Satoshi Nakamoto was to build a payment system without intermediaries, where the payments take place directly between users (sender and receiver) 📥
Each BTC transaction in the main network passes through 7 stages:
▪️ Selection of the recipient, transfer amount and commission.
▪️ The sender signs the transaction with a private key and sends it.
▪️ Nodes checks the eligibility of the transaction and sends it to the miners.
▪️ The miners add the transaction to the block.
▪️ The miners calculate the hash of the new block.
▪️ The new block is verified and added to the blockchain.
▪️ Nodes add the new block to their copy of the blockchain.
Knowing the algorithm gives the understanding that:
▪️ Nodes can only skip a transaction if you don't have the right amount in BTC.
▪️ Miners can delay processing a transaction, but are unable to cancel it.
The idea behind BTC 💰 by its creator Satoshi Nakamoto was to build a payment system without intermediaries, where the payments take place directly between users (sender and receiver) 📥
Each BTC transaction in the main network passes through 7 stages:
▪️ Selection of the recipient, transfer amount and commission.
▪️ The sender signs the transaction with a private key and sends it.
▪️ Nodes checks the eligibility of the transaction and sends it to the miners.
▪️ The miners add the transaction to the block.
▪️ The miners calculate the hash of the new block.
▪️ The new block is verified and added to the blockchain.
▪️ Nodes add the new block to their copy of the blockchain.
Knowing the algorithm gives the understanding that:
▪️ Nodes can only skip a transaction if you don't have the right amount in BTC.
▪️ Miners can delay processing a transaction, but are unable to cancel it.
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Simplifying Crypto Taxes A Quick Guide
1. Identify Taxable Events: Taxable events include selling crypto for fiat, trading one crypto for another, purchasing goods or services with crypto, and receiving crypto as income. Simply holding crypto isn't taxable
2. Determine Fair Market Value: Record the value of the crypto in your local currency at the time of each transaction
3. Calculate Gains or Losses:
- Capital Gains: Subtract the purchase price from the selling price if you sold for more than you paid
- Capital Losses: Subtract the selling price from the purchase price if you sold for less.
4. Consider Holding Period:
- Short-Term: Held for one year or less, taxed at regular income rates.
- Long-Term: Held for more than one year, taxed at lower rates.
5. Report Income: Report the value of crypto received as payment at the time of receipt.
6. Use Tools or Professionals: Tax software and professionals can simplify the process
7. Keep Records: Maintain detailed records of all transactions.
1. Identify Taxable Events: Taxable events include selling crypto for fiat, trading one crypto for another, purchasing goods or services with crypto, and receiving crypto as income. Simply holding crypto isn't taxable
2. Determine Fair Market Value: Record the value of the crypto in your local currency at the time of each transaction
3. Calculate Gains or Losses:
- Capital Gains: Subtract the purchase price from the selling price if you sold for more than you paid
- Capital Losses: Subtract the selling price from the purchase price if you sold for less.
4. Consider Holding Period:
- Short-Term: Held for one year or less, taxed at regular income rates.
- Long-Term: Held for more than one year, taxed at lower rates.
5. Report Income: Report the value of crypto received as payment at the time of receipt.
6. Use Tools or Professionals: Tax software and professionals can simplify the process
7. Keep Records: Maintain detailed records of all transactions.
Basics of Cryptocurrency for those who are new to this world
Cryptocurrency is a digital form of currency that uses cryptography for security and operates independently of a central authority, such as a government or financial institution. It is decentralized and typically based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers.
Cryptocurrencies can be used for various purposes, including online transactions, investments, and remittances. Some popular cryptocurrencies include Bitcoin, Ethereum, and Ripple. Each cryptocurrency has its own unique features and uses, but they all share the common characteristics of being digital, secure, and decentralized.
Investing in cryptocurrencies carries risks, as their value can be highly volatile. However, many people see them as a promising alternative to traditional currencies and financial systems due to their potential for transparency, security, and accessibility.
Cryptocurrency is a digital form of currency that uses cryptography for security and operates independently of a central authority, such as a government or financial institution. It is decentralized and typically based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers.
Cryptocurrencies can be used for various purposes, including online transactions, investments, and remittances. Some popular cryptocurrencies include Bitcoin, Ethereum, and Ripple. Each cryptocurrency has its own unique features and uses, but they all share the common characteristics of being digital, secure, and decentralized.
Investing in cryptocurrencies carries risks, as their value can be highly volatile. However, many people see them as a promising alternative to traditional currencies and financial systems due to their potential for transparency, security, and accessibility.
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How does bitcoin work? 🤔
The idea behind BTC 💰 by its creator Satoshi Nakamoto was to build a payment system without intermediaries, where the payments take place directly between users (sender and receiver) 📥
Each BTC transaction in the main network passes through 7 stages:
▪️ Selection of the recipient, transfer amount and commission.
▪️ The sender signs the transaction with a private key and sends it.
▪️ Nodes checks the eligibility of the transaction and sends it to the miners.
▪️ The miners add the transaction to the block.
▪️ The miners calculate the hash of the new block.
▪️ The new block is verified and added to the blockchain.
▪️ Nodes add the new block to their copy of the blockchain.
Knowing the algorithm gives the understanding that:
▪️ Nodes can only skip a transaction if you don't have the right amount in BTC.
▪️ Miners can delay processing a transaction, but are unable to cancel it.
The idea behind BTC 💰 by its creator Satoshi Nakamoto was to build a payment system without intermediaries, where the payments take place directly between users (sender and receiver) 📥
Each BTC transaction in the main network passes through 7 stages:
▪️ Selection of the recipient, transfer amount and commission.
▪️ The sender signs the transaction with a private key and sends it.
▪️ Nodes checks the eligibility of the transaction and sends it to the miners.
▪️ The miners add the transaction to the block.
▪️ The miners calculate the hash of the new block.
▪️ The new block is verified and added to the blockchain.
▪️ Nodes add the new block to their copy of the blockchain.
Knowing the algorithm gives the understanding that:
▪️ Nodes can only skip a transaction if you don't have the right amount in BTC.
▪️ Miners can delay processing a transaction, but are unable to cancel it.
💰 Metaplanet stock is up 500% since it started buying #Bitcoin in April 2024 📈
Bitcoin in May 2022 vs Bitcoin in Summer 2024
It never happened, and here we go again: #BTC made a FAKE breakdown of the weekly EMA21 & EMA12 that was followed by a fast rollback above these levels.
Previously, this led to a growth from $30,000 to $69,000 (former ATH)
Let’s see what consequences we will have this time.
It never happened, and here we go again: #BTC made a FAKE breakdown of the weekly EMA21 & EMA12 that was followed by a fast rollback above these levels.
Previously, this led to a growth from $30,000 to $69,000 (former ATH)
Let’s see what consequences we will have this time.
Market Overview:
BTC : $64901
ETH : $3471.78
BNB : $576.41
SOL : $160.82
Dominance :
BTC : 51.24 %
ETH : 16.69 %
Stables : 5.90 %
Market Cap :
Total : 2.5T
DeFi : 85.72B
24hr Vol : 87.33B
BTC : $64901
ETH : $3471.78
BNB : $576.41
SOL : $160.82
Dominance :
BTC : 51.24 %
ETH : 16.69 %
Stables : 5.90 %
Market Cap :
Total : 2.5T
DeFi : 85.72B
24hr Vol : 87.33B
Trump on Support of #bitcoin.
- Trump offers a price of $844,600 per person to join private roundtable at Bitcoin conference.
- Donald Trump vows to keep Crypto and bitcoin innovation in the USA and protect self-custody rights.
- Trump offers a price of $844,600 per person to join private roundtable at Bitcoin conference.
- Donald Trump vows to keep Crypto and bitcoin innovation in the USA and protect self-custody rights.
Bitcoin ETF Inflow : 2024-07-18
IBIT : $102.7M
FBTC : $2.8M
BITB : $0.0K
ARKB : $0K
BTCO : $0.0K
EZBC : $0.0K
BRRR : $0.0K
HODL : $1.8M
BTCW : $0.0K
GBTC : -$22.5M
Net Inflow : $84.8M
IBIT : $102.7M
FBTC : $2.8M
BITB : $0.0K
ARKB : $0K
BTCO : $0.0K
EZBC : $0.0K
BRRR : $0.0K
HODL : $1.8M
BTCW : $0.0K
GBTC : -$22.5M
Net Inflow : $84.8M
Microsoft is down worldwide
People not able to access their laptops
Many big organisations affected. Almost all Indigo flights are delayed since they have to do manual procedure now.
People not able to access their laptops
Many big organisations affected. Almost all Indigo flights are delayed since they have to do manual procedure now.
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Ways to earn from cryptocurrencies
1. Buying and Holding (HODLing): This involves purchasing cryptocurrencies and holding onto them for an extended period, hoping their value will increase over time. If the price goes up, you can sell them for a profit. This is similar to traditional investing in stocks or commodities.
2. Trading: Cryptocurrency trading involves buying and selling cryptocurrencies on various exchanges to profit from price fluctuations. Traders use technical and fundamental analysis to make informed decisions. Day trading, swing trading, and arbitrage are common trading strategies.
3. Mining: Mining involves using computational power to solve complex mathematical problems on a blockchain network. Miners validate transactions and add new blocks to the blockchain in exchange for cryptocurrency rewards. While it can be profitable, it often requires significant hardware and energy investments.
4. Staking: Some cryptocurrencies offer staking as a way to earn rewards. Staking involves holding a certain amount of a cryptocurrency in a wallet and participating in network activities, such as validating transactions. In return, you receive additional coins as rewards.
5. Dividends and Interest: Certain cryptocurrencies, like some stablecoins, offer interest or dividends to holders. These earnings are typically generated from lending or staking the assets.
6. Airdrops and Forks: Occasionally, cryptocurrency projects distribute free tokens to existing holders (airdrops) or undergo network upgrades (forks) that create new cryptocurrencies. Holding the original cryptocurrency can result in receiving these new tokens.
7. Yield Farming and Liquidity Provision: In decentralized finance (DeFi), users can earn by providing liquidity to liquidity pools or participating in yield farming programs. They earn rewards in the form of tokens or fees for their contributions.
8. Freelancing and Payments: Some individuals accept cryptocurrencies as payment for goods or services they provide, like freelancers and online businesses.
9. Initial Coin Offerings (ICOs) and Token Sales: In the past, some people earned by investing in ICOs or token sales of new cryptocurrency projects at an early stage. However, these investments come with high risk and regulatory scrutiny.
10. NFTs (Non-Fungible Tokens): Creating, buying, and selling NFTs, which represent unique digital assets like art, collectibles, or virtual real estate, can be a way to earn income in the cryptocurrency space.
It's important to note that the cryptocurrency market is highly volatile and speculative, and investing in cryptocurrencies carries risks. Before getting involved, it's advisable to do thorough research, understand the risks, and consider your risk tolerance and investment goals. Additionally, be aware of the legal and tax implications of cryptocurrency earnings in your jurisdiction.
1. Buying and Holding (HODLing): This involves purchasing cryptocurrencies and holding onto them for an extended period, hoping their value will increase over time. If the price goes up, you can sell them for a profit. This is similar to traditional investing in stocks or commodities.
2. Trading: Cryptocurrency trading involves buying and selling cryptocurrencies on various exchanges to profit from price fluctuations. Traders use technical and fundamental analysis to make informed decisions. Day trading, swing trading, and arbitrage are common trading strategies.
3. Mining: Mining involves using computational power to solve complex mathematical problems on a blockchain network. Miners validate transactions and add new blocks to the blockchain in exchange for cryptocurrency rewards. While it can be profitable, it often requires significant hardware and energy investments.
4. Staking: Some cryptocurrencies offer staking as a way to earn rewards. Staking involves holding a certain amount of a cryptocurrency in a wallet and participating in network activities, such as validating transactions. In return, you receive additional coins as rewards.
5. Dividends and Interest: Certain cryptocurrencies, like some stablecoins, offer interest or dividends to holders. These earnings are typically generated from lending or staking the assets.
6. Airdrops and Forks: Occasionally, cryptocurrency projects distribute free tokens to existing holders (airdrops) or undergo network upgrades (forks) that create new cryptocurrencies. Holding the original cryptocurrency can result in receiving these new tokens.
7. Yield Farming and Liquidity Provision: In decentralized finance (DeFi), users can earn by providing liquidity to liquidity pools or participating in yield farming programs. They earn rewards in the form of tokens or fees for their contributions.
8. Freelancing and Payments: Some individuals accept cryptocurrencies as payment for goods or services they provide, like freelancers and online businesses.
9. Initial Coin Offerings (ICOs) and Token Sales: In the past, some people earned by investing in ICOs or token sales of new cryptocurrency projects at an early stage. However, these investments come with high risk and regulatory scrutiny.
10. NFTs (Non-Fungible Tokens): Creating, buying, and selling NFTs, which represent unique digital assets like art, collectibles, or virtual real estate, can be a way to earn income in the cryptocurrency space.
It's important to note that the cryptocurrency market is highly volatile and speculative, and investing in cryptocurrencies carries risks. Before getting involved, it's advisable to do thorough research, understand the risks, and consider your risk tolerance and investment goals. Additionally, be aware of the legal and tax implications of cryptocurrency earnings in your jurisdiction.
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🚀 7 Biggest Bitcoin Myths! 🔍
1. Bitcoin is a Bubble: Critics often claim Bitcoin is a speculative bubble. However, Bitcoin has repeatedly recovered from downturns, reaching new all-time highs each cycle. 🚀
2. Bitcoin Has No Real-World Uses: Bitcoin's use cases are growing! From everyday payments to being a store of value, Bitcoin is increasingly integrated into financial systems globally. 💳
3. Bitcoin Doesn’t Have Real Value: Bitcoin’s value is derived from its limited supply (21 million BTC) and increasing demand. This scarcity drives its value much like precious metals. 💎
4. Bitcoin Will Be Replaced: Despite thousands of cryptocurrencies, Bitcoin remains the most valuable and widely recognized digital currency, serving as the gold standard in the crypto space. 🥇
5. Investing in Bitcoin is Gambling: While volatile, Bitcoin has shown a steady upward trend over the long term, offering significant returns for early adopters and long-term investors. 📊
6. Bitcoin Isn’t Secure: Bitcoin's blockchain technology is one of the most secure and has never been hacked. The decentralized nature of its network adds layers of security against attacks. 🔒
7. Bitcoin is Bad for the Environment: Bitcoin mining does consume energy, but the narrative is shifting towards sustainable mining practices. Many miners are now using renewable energy sources to reduce environmental impact. 🌱
1. Bitcoin is a Bubble: Critics often claim Bitcoin is a speculative bubble. However, Bitcoin has repeatedly recovered from downturns, reaching new all-time highs each cycle. 🚀
2. Bitcoin Has No Real-World Uses: Bitcoin's use cases are growing! From everyday payments to being a store of value, Bitcoin is increasingly integrated into financial systems globally. 💳
3. Bitcoin Doesn’t Have Real Value: Bitcoin’s value is derived from its limited supply (21 million BTC) and increasing demand. This scarcity drives its value much like precious metals. 💎
4. Bitcoin Will Be Replaced: Despite thousands of cryptocurrencies, Bitcoin remains the most valuable and widely recognized digital currency, serving as the gold standard in the crypto space. 🥇
5. Investing in Bitcoin is Gambling: While volatile, Bitcoin has shown a steady upward trend over the long term, offering significant returns for early adopters and long-term investors. 📊
6. Bitcoin Isn’t Secure: Bitcoin's blockchain technology is one of the most secure and has never been hacked. The decentralized nature of its network adds layers of security against attacks. 🔒
7. Bitcoin is Bad for the Environment: Bitcoin mining does consume energy, but the narrative is shifting towards sustainable mining practices. Many miners are now using renewable energy sources to reduce environmental impact. 🌱
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