📊 Market Overview:
BTC : $63447
ETH : $2633.61
BNB : $603.63
SOL : $147.22
⚡ Dominance :
BTC : 53.81 %
ETH : 13.61 %
Stables : 6.66 %
📈 Market Cap :
Total : 2.33T
DeFi : 72.31B
24hr Vol : 85.57B
BTC : $63447
ETH : $2633.61
BNB : $603.63
SOL : $147.22
⚡ Dominance :
BTC : 53.81 %
ETH : 13.61 %
Stables : 6.66 %
📈 Market Cap :
Total : 2.33T
DeFi : 72.31B
24hr Vol : 85.57B
What is a memecoin?
Memes are an internet culture phenomenon that has become a staple of expressing humorous takes on various topics and issues. A memecoin, however, is a cryptocurrency born out of a joke and gains value strictly from people jumping on the online bandwagon.
One of the most famous—if not the most famous—memecoins is Dogecoin (DOGE), which was created as an homage to the famous “Doge” meme depicting a Shiba Inu dog. Fast forward a few years after its creation, and the memecoin has reached legendary status, beloved by even Elon Musk.
Why do people invest in memecoins?
People mainly invest in memecoins to be a part of a community and for entertainment purposes. But memecoin prices often pump while riding massive waves of hype. So, it’s important to understand that memecoins are especially volatile, and investing in these kinds of cryptocurrencies carries risks!
The creators behind memecoins are usually looking to have some good ol’ fun on the internet with their supporters (unlike shitcoin creators). However, as mentioned above, memecoin prices are never stable and can crash without a moment’s notice, leaving investors holding the bag.
The best way to interact with memecoins is to sit back, kick your feet up, and watch the drama unfold from the sidelines.
Memes are an internet culture phenomenon that has become a staple of expressing humorous takes on various topics and issues. A memecoin, however, is a cryptocurrency born out of a joke and gains value strictly from people jumping on the online bandwagon.
One of the most famous—if not the most famous—memecoins is Dogecoin (DOGE), which was created as an homage to the famous “Doge” meme depicting a Shiba Inu dog. Fast forward a few years after its creation, and the memecoin has reached legendary status, beloved by even Elon Musk.
Why do people invest in memecoins?
People mainly invest in memecoins to be a part of a community and for entertainment purposes. But memecoin prices often pump while riding massive waves of hype. So, it’s important to understand that memecoins are especially volatile, and investing in these kinds of cryptocurrencies carries risks!
The creators behind memecoins are usually looking to have some good ol’ fun on the internet with their supporters (unlike shitcoin creators). However, as mentioned above, memecoin prices are never stable and can crash without a moment’s notice, leaving investors holding the bag.
The best way to interact with memecoins is to sit back, kick your feet up, and watch the drama unfold from the sidelines.
🌐 Beginner's Guide to Cryptocurrency
🔹 What is Cryptocurrency?
A digital or virtual currency secured by cryptography, enabling secure, peer-to-peer transactions without relying on banks.
🔹 Blockchain Basics
Cryptocurrency transactions are recorded on a blockchain, a decentralized ledger ensuring transparency and security.
🔹 Types of Blockchains
1. Public: Open to everyone (e.g., Bitcoin).
2. Private: Restricted access.
3. Hybrid: Combines public and private features.
4. Consortium: Controlled by a group of organizations.
🔹 Buying Crypto
Use trusted exchanges like Coinbase, Binance, and Gemini.
🔹 Crypto Wallets
Essential for storing crypto securely. Options include Phantom, MetaMask, and Ledger.
🔹 What is Cryptocurrency?
A digital or virtual currency secured by cryptography, enabling secure, peer-to-peer transactions without relying on banks.
🔹 Blockchain Basics
Cryptocurrency transactions are recorded on a blockchain, a decentralized ledger ensuring transparency and security.
🔹 Types of Blockchains
1. Public: Open to everyone (e.g., Bitcoin).
2. Private: Restricted access.
3. Hybrid: Combines public and private features.
4. Consortium: Controlled by a group of organizations.
🔹 Buying Crypto
Use trusted exchanges like Coinbase, Binance, and Gemini.
🔹 Crypto Wallets
Essential for storing crypto securely. Options include Phantom, MetaMask, and Ledger.
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📊 Cryptocurrency Trading Basics: Technical Analysis 📈
Technical analysis evaluates investments through statistical analysis of market activity 📉. It focuses on price charts and indicators to identify patterns. Unlike fundamental analysis, it doesn't measure underlying value but uses historical price data to predict future movements 📅.
Key Concepts:
- Market Discounts Everything: Prices reflect all information 💡.
- Price Moves in Trends: Future movements follow trends 📉.
- History Repeats Itself: Past data predicts future trends 🔄.
Learning & Practice:
Continuous learning and practice are essential 📚. Engage with resources, practice extensively, and contribute your insights.
Technical analysis evaluates investments through statistical analysis of market activity 📉. It focuses on price charts and indicators to identify patterns. Unlike fundamental analysis, it doesn't measure underlying value but uses historical price data to predict future movements 📅.
Key Concepts:
- Market Discounts Everything: Prices reflect all information 💡.
- Price Moves in Trends: Future movements follow trends 📉.
- History Repeats Itself: Past data predicts future trends 🔄.
Learning & Practice:
Continuous learning and practice are essential 📚. Engage with resources, practice extensively, and contribute your insights.
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5 steps to analyze any token
Mostly, investors lose in the crypto market because of poor analysis. People are afraid to make decisions to buy/sell assets, so they try to shift the responsibility to a channel, Influencer or Musk.
Today I will show you the basic rules for your own analysis of any unfamiliar token you are advised to buy 👇
Situation:
You see that Binance is launching a HOOK token on the lunchpad. Suddenly, someone offers you in a PM to buy it on PancakeSwap cheaper and before listing. Very much want to buy, but how not to get on scam?
1️⃣ Always check token on CoinMarketCap
The first thing to do is to go to CMC (CoinMarketCap) and check this token there. If there is no trading there yet and it says ICO, the token is not traded anywhere yet, and you are being offered a SCAM!
2️⃣ Check announcements
The HOOK token page on CMC has a section with the project's twitter/discord. Go to Twitter and look at the announcements from the last week or two. If there is no information there about trading the token on Pancake or other airdrops - you are being offered a scam.
Also you can go to the site (you can find it on CMC as well) and read about the project, what problem it solves, what team and investors it has...
3️⃣ Checking the contract
Let's say the channel offers to buy HOOK token before listing on Binance. In order for you to buy the token, the scammer will post the scam token contract under the guise of a real token and will spell out instructions on how to buy it on Pancake.
NEVER COPY TOKEN CONTRACTS FROM TG CHANNELS.
All official contracts are on CMC, Coingecko, DropsTab, Cryptorank + in whitepaper of each project.
4️⃣ Basically read the whitepaper
The whitepaper is not as scary as everyone tells us. There are a lot of interesting things there. CMC has a link to each project's whitepaper. It's a good idea, a basic flip through the documents, at least to look at the tokenomics of the project (what the token is for, its functions) and what the project does.
5️⃣ See where the token is traded
The most common question in chat is "where can I buy X token?" To answer this question, just go to CMC - type in the token you are interested in - go to "Markets" section. There will be a list of all exchanges (CEX and DEX), where the token is traded.
In conclusion:
We often make the mistake of acting too fast when it comes to making money and too slow when it comes to preserving assets.
Always ask yourself: do I want to earn now or not to lose? If you want to make money, act gradually and don't buy shitcoins with all your money!
I hope this information helps you save money, save the information or pass it on to a newbie friend 😉
Mostly, investors lose in the crypto market because of poor analysis. People are afraid to make decisions to buy/sell assets, so they try to shift the responsibility to a channel, Influencer or Musk.
Today I will show you the basic rules for your own analysis of any unfamiliar token you are advised to buy 👇
Situation:
You see that Binance is launching a HOOK token on the lunchpad. Suddenly, someone offers you in a PM to buy it on PancakeSwap cheaper and before listing. Very much want to buy, but how not to get on scam?
1️⃣ Always check token on CoinMarketCap
The first thing to do is to go to CMC (CoinMarketCap) and check this token there. If there is no trading there yet and it says ICO, the token is not traded anywhere yet, and you are being offered a SCAM!
2️⃣ Check announcements
The HOOK token page on CMC has a section with the project's twitter/discord. Go to Twitter and look at the announcements from the last week or two. If there is no information there about trading the token on Pancake or other airdrops - you are being offered a scam.
Also you can go to the site (you can find it on CMC as well) and read about the project, what problem it solves, what team and investors it has...
3️⃣ Checking the contract
Let's say the channel offers to buy HOOK token before listing on Binance. In order for you to buy the token, the scammer will post the scam token contract under the guise of a real token and will spell out instructions on how to buy it on Pancake.
NEVER COPY TOKEN CONTRACTS FROM TG CHANNELS.
All official contracts are on CMC, Coingecko, DropsTab, Cryptorank + in whitepaper of each project.
4️⃣ Basically read the whitepaper
The whitepaper is not as scary as everyone tells us. There are a lot of interesting things there. CMC has a link to each project's whitepaper. It's a good idea, a basic flip through the documents, at least to look at the tokenomics of the project (what the token is for, its functions) and what the project does.
5️⃣ See where the token is traded
The most common question in chat is "where can I buy X token?" To answer this question, just go to CMC - type in the token you are interested in - go to "Markets" section. There will be a list of all exchanges (CEX and DEX), where the token is traded.
In conclusion:
We often make the mistake of acting too fast when it comes to making money and too slow when it comes to preserving assets.
Always ask yourself: do I want to earn now or not to lose? If you want to make money, act gradually and don't buy shitcoins with all your money!
I hope this information helps you save money, save the information or pass it on to a newbie friend 😉
❤2👍2
Are crypto transactions anonymous?
Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.
Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.
However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).
For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.
Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.
Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.
Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.
However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).
For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.
Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.
How to do crypto mining?
Mining cryptocurrency involves using powerful computer hardware to solve complex mathematical problems that validate transactions on a blockchain network. Here’s a step-by-step guide on how to mine crypto:
### 1. Choose Your Cryptocurrency
- Bitcoin (BTC): Requires expensive and powerful ASIC miners due to high difficulty.
- Ethereum (ETH): Can no longer be mined after its transition to Proof of Stake (PoS). Alternatives like Ethereum Classic (ETC) or other GPU-mined coins are still available.
- Altcoins: Consider coins like Litecoin (LTC), Monero (XMR), or Ravencoin (RVN) that can be mined using GPUs or CPUs.
### 2. Select Mining Hardware
- ASIC Miners: Specifically built for mining Bitcoin or Litecoin; highly efficient but expensive.
- GPUs (Graphics Processing Units): Ideal for altcoins. GPUs from NVIDIA and AMD are popular for mining altcoins like Ethereum Classic or Monero.
- CPUs (Central Processing Units): Can mine some coins like Monero but are generally slower compared to GPUs and ASICs.
### 3. Set Up a Mining Rig
- ASIC Rig: Connect the ASIC miner to your network and configure it for the specific cryptocurrency you are mining.
- GPU Rig: Build a custom setup with multiple GPUs, a strong motherboard, power supply, and cooling system.
- CPU Mining: Requires fewer resources but can be slower and less profitable.
### 4. Download Mining Software
- Bitcoin: Use software like CGMiner or BFGMiner.
- GPU Mining (Altcoins): PhoenixMiner, GMiner, or T-Rex Miner are popular options.
- CPU Mining: XMRig for Monero, or similar software for other coins.
### 5. Join a Mining Pool
- Mining solo is extremely difficult due to high competition and power costs. Join a mining pool to combine resources with other miners.
- Popular pools include SlushPool (for Bitcoin) or Ethermine (for Ethereum Classic and other altcoins).
### 6. Set Up a Wallet
- Hot Wallets: Software wallets that are easy to use but may be more vulnerable to online attacks (e.g., MetaMask, Trust Wallet).
- Cold Wallets: Hardware wallets like Ledger or Trezor offer better security.
### 7. Monitor and Optimize
- Track the performance of your rig using monitoring software. Make adjustments to power consumption, cooling, and overclocking settings to optimize profitability.
### 8. Consider Costs
- Electricity: Mining is power-intensive. Ensure you are aware of your local electricity rates.
- Mining Pool Fees: Pools charge around 1-2% fees, but they increase your chances of earning consistent payouts.
### 9. Stay Updated
- Blockchain algorithms change, and profitability fluctuates. Keep an eye on updates in the blockchain space and shift to more profitable coins if necessary.
Share with credits: https://news.1rj.ru/str/Bitcoin_Crypto_Web
Mining cryptocurrency involves using powerful computer hardware to solve complex mathematical problems that validate transactions on a blockchain network. Here’s a step-by-step guide on how to mine crypto:
### 1. Choose Your Cryptocurrency
- Bitcoin (BTC): Requires expensive and powerful ASIC miners due to high difficulty.
- Ethereum (ETH): Can no longer be mined after its transition to Proof of Stake (PoS). Alternatives like Ethereum Classic (ETC) or other GPU-mined coins are still available.
- Altcoins: Consider coins like Litecoin (LTC), Monero (XMR), or Ravencoin (RVN) that can be mined using GPUs or CPUs.
### 2. Select Mining Hardware
- ASIC Miners: Specifically built for mining Bitcoin or Litecoin; highly efficient but expensive.
- GPUs (Graphics Processing Units): Ideal for altcoins. GPUs from NVIDIA and AMD are popular for mining altcoins like Ethereum Classic or Monero.
- CPUs (Central Processing Units): Can mine some coins like Monero but are generally slower compared to GPUs and ASICs.
### 3. Set Up a Mining Rig
- ASIC Rig: Connect the ASIC miner to your network and configure it for the specific cryptocurrency you are mining.
- GPU Rig: Build a custom setup with multiple GPUs, a strong motherboard, power supply, and cooling system.
- CPU Mining: Requires fewer resources but can be slower and less profitable.
### 4. Download Mining Software
- Bitcoin: Use software like CGMiner or BFGMiner.
- GPU Mining (Altcoins): PhoenixMiner, GMiner, or T-Rex Miner are popular options.
- CPU Mining: XMRig for Monero, or similar software for other coins.
### 5. Join a Mining Pool
- Mining solo is extremely difficult due to high competition and power costs. Join a mining pool to combine resources with other miners.
- Popular pools include SlushPool (for Bitcoin) or Ethermine (for Ethereum Classic and other altcoins).
### 6. Set Up a Wallet
- Hot Wallets: Software wallets that are easy to use but may be more vulnerable to online attacks (e.g., MetaMask, Trust Wallet).
- Cold Wallets: Hardware wallets like Ledger or Trezor offer better security.
### 7. Monitor and Optimize
- Track the performance of your rig using monitoring software. Make adjustments to power consumption, cooling, and overclocking settings to optimize profitability.
### 8. Consider Costs
- Electricity: Mining is power-intensive. Ensure you are aware of your local electricity rates.
- Mining Pool Fees: Pools charge around 1-2% fees, but they increase your chances of earning consistent payouts.
### 9. Stay Updated
- Blockchain algorithms change, and profitability fluctuates. Keep an eye on updates in the blockchain space and shift to more profitable coins if necessary.
Share with credits: https://news.1rj.ru/str/Bitcoin_Crypto_Web
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Best channel to learn about cryptocurrency, bitcoin & blockchain for free
✅ Top ways to earn money in crypto
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✅ Top ways to earn money in crypto
✅ Channel about the best cryptocurrency (crypto) trends.
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🟢Diversify your portfolio
🔵If you decide to create a trading plan, you should cover portfolio diversification to reduce your risk. Holding just one or two assets in your portfolio tends to be riskier. As such, you can diversify your holdings by investing in different assets across3 multiple asset classes.
🟣In crypto, you can begin by defining your asset allocation. You could allocate your investments in DeFi liquidity pools, staking, derivatives, stablecoins, and altcoins. By reducing your exposure to one single crypto class, you are less likely to experience big losses. For example, you may experience impermanent loss from a liquidity pool you’re invested in but offset your losses through staking gains.
👉You can then diversify within these different asset classes. For stablecoins, you could hold BUSD, USDT, and PAXG to reduce your overall portfolio risk even further. But these are just examples. There are multiple responsible ways to plan out your crypto portfolio.
🔵If you decide to create a trading plan, you should cover portfolio diversification to reduce your risk. Holding just one or two assets in your portfolio tends to be riskier. As such, you can diversify your holdings by investing in different assets across3 multiple asset classes.
🟣In crypto, you can begin by defining your asset allocation. You could allocate your investments in DeFi liquidity pools, staking, derivatives, stablecoins, and altcoins. By reducing your exposure to one single crypto class, you are less likely to experience big losses. For example, you may experience impermanent loss from a liquidity pool you’re invested in but offset your losses through staking gains.
👉You can then diversify within these different asset classes. For stablecoins, you could hold BUSD, USDT, and PAXG to reduce your overall portfolio risk even further. But these are just examples. There are multiple responsible ways to plan out your crypto portfolio.
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🚨 Breaking Financial Market Update! 🚨
Big moves today! The U.S. Federal Reserve has made a surprising rate cut by half a percentage point, reversing a two-year trend of hikes aimed at controlling inflation. This is huge for borrowers, making loans, mortgages, and credit cards cheaper, but it also brings concerns about potential market volatility. 📉
Meanwhile, over in China, a major stimulus package has been announced to revive its struggling housing market, which is expected to boost global demand for commodities like copper and fuel optimism in Asian markets. 🌏
Stay tuned as these developments could significantly impact global markets! 💼
Big moves today! The U.S. Federal Reserve has made a surprising rate cut by half a percentage point, reversing a two-year trend of hikes aimed at controlling inflation. This is huge for borrowers, making loans, mortgages, and credit cards cheaper, but it also brings concerns about potential market volatility. 📉
Meanwhile, over in China, a major stimulus package has been announced to revive its struggling housing market, which is expected to boost global demand for commodities like copper and fuel optimism in Asian markets. 🌏
Stay tuned as these developments could significantly impact global markets! 💼
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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🟢What is cloud mining?
🔵 Cloud mining is the easiest way to mine crypto and only requires money (no special hardware).
With cloud mining, users rent remote data centers to participate in the mining process.
In other words, you just pay for a tariff plan, and the mining company specializing in powerful suitable hardware will do the rest.
You don’t need to deal with setting up video cards at home and buying equipment—you just mine “remotely” and earn coins.
🟢Risks:
🟢Cloud mining should be approached with caution. Although it offers a convenient entry point into the world of cryptocurrencies, it also has its own set of risks.
There are cases when fraudulent companies engage in cloud mining to take advantage of inexperienced investors. Therefore, it is crucial to DYOR and choose a reliable provider of cloud mining services.
🔵 Cloud mining is the easiest way to mine crypto and only requires money (no special hardware).
With cloud mining, users rent remote data centers to participate in the mining process.
In other words, you just pay for a tariff plan, and the mining company specializing in powerful suitable hardware will do the rest.
You don’t need to deal with setting up video cards at home and buying equipment—you just mine “remotely” and earn coins.
🟢Risks:
🟢Cloud mining should be approached with caution. Although it offers a convenient entry point into the world of cryptocurrencies, it also has its own set of risks.
There are cases when fraudulent companies engage in cloud mining to take advantage of inexperienced investors. Therefore, it is crucial to DYOR and choose a reliable provider of cloud mining services.
Market Overview:
BTC : $60738
ETH : $2438.28
BNB : $542.21
SOL : $144.07
Dominance :
BTC : 53.88 %
ETH : 13.18 %
Stables : 6.94 %
Market Cap :
Total : 2.23T
DeFi : 69.06B
24hr Vol : 156.53B
BTC : $60738
ETH : $2438.28
BNB : $542.21
SOL : $144.07
Dominance :
BTC : 53.88 %
ETH : 13.18 %
Stables : 6.94 %
Market Cap :
Total : 2.23T
DeFi : 69.06B
24hr Vol : 156.53B
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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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Top News
1. US #Bitcoin ETFs recorded $1.66B in trading volume yesterday.
2. Bybit announced that it introduced the ability to trade major stock market indices using USDT. Including China A50 Index Cash CFD (USD), Dow Jones Index Cash CFD (USD), NAS100 Cash, Nikkei Index Cash CFD (JPY), Hang Seng Index Cash CFD (HKD).
3.Tron Network outperforms #Bitcoin and #Ethereum in Q3 revenue, generating $577M according to TronScan data.
1. US #Bitcoin ETFs recorded $1.66B in trading volume yesterday.
2. Bybit announced that it introduced the ability to trade major stock market indices using USDT. Including China A50 Index Cash CFD (USD), Dow Jones Index Cash CFD (USD), NAS100 Cash, Nikkei Index Cash CFD (JPY), Hang Seng Index Cash CFD (HKD).
3.Tron Network outperforms #Bitcoin and #Ethereum in Q3 revenue, generating $577M according to TronScan data.
📊 Market Overview:
BTC : $60537
ETH : $2355.33
BNB : $539.57
SOL : $136.14
⚡ Dominance :
BTC : 54.48 %
ETH : 12.89 %
Stables : 7.07 %
📈 Market Cap :
Total : 2.19T
DeFi : 67.02B
24hr Vol : 121.76B
BTC : $60537
ETH : $2355.33
BNB : $539.57
SOL : $136.14
⚡ Dominance :
BTC : 54.48 %
ETH : 12.89 %
Stables : 7.07 %
📈 Market Cap :
Total : 2.19T
DeFi : 67.02B
24hr Vol : 121.76B
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Cryptocurrencies look to offer several benefits over traditional money.
These include:
Speed: With cryptocurrencies, sending money – or value – across regions or continents happens in a few minutes. This trumps traditional cash, which takes hours to days in some cases.
Security: Cryptocurrencies run on blockchains, which are distributed and decentralized. Since they are not centralized, there’s no single point of failure. This makes the blockchain harder to corrupt or hack.
Censorship-resistant: Anyone can use cryptocurrencies. They offer users financial freedom. No government or central authority can censor or reverse a transaction once it’s completed
These include:
Speed: With cryptocurrencies, sending money – or value – across regions or continents happens in a few minutes. This trumps traditional cash, which takes hours to days in some cases.
Security: Cryptocurrencies run on blockchains, which are distributed and decentralized. Since they are not centralized, there’s no single point of failure. This makes the blockchain harder to corrupt or hack.
Censorship-resistant: Anyone can use cryptocurrencies. They offer users financial freedom. No government or central authority can censor or reverse a transaction once it’s completed
How Does Cryptocurrency Work?
To truly understand how cryptocurrencies function, we must dive into three fundamental concepts: blockchain technology, cryptocurrency mining, and cryptocurrency wallets. These concepts are the backbone of the cryptocurrency ecosystem, each playing a vital role in ensuring transparency, security, and decentralization.
1. Blockchain Technology
At the heart of every cryptocurrency lies the blockchain—a decentralized digital ledger that records all transactions across a network of computers. Instead of being controlled by a single entity (like a bank), a blockchain operates on a peer-to-peer network, where transactions are grouped into blocks and linked together, forming an immutable chain. Each block contains a list of recent transactions and a unique cryptographic hash that connects it to the previous block, ensuring that once data is added, it cannot be altered. This makes blockchain highly secure and transparent.
2. Cryptocurrency Mining
Mining is the process through which new cryptocurrency tokens are created, and transactions are verified. It involves solving complex mathematical puzzles using computational power. Miners compete to solve these puzzles, and the first to succeed adds a new block of transactions to the blockchain. As a reward for their efforts, miners receive newly minted cryptocurrency tokens and transaction fees. This process not only secures the network but also regulates the supply of coins, preventing inflation and manipulation.
3. Cryptocurrency Wallets
A cryptocurrency wallet is a digital tool that allows users to store, send, and receive their cryptocurrencies. These wallets don't hold actual coins but rather store private and public keys used to sign transactions. The private key gives access to your assets, and the public key is like an address to receive funds. Wallets come in various forms—software wallets, hardware wallets, and even paper wallets—each offering different levels of security and accessibility.
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To truly understand how cryptocurrencies function, we must dive into three fundamental concepts: blockchain technology, cryptocurrency mining, and cryptocurrency wallets. These concepts are the backbone of the cryptocurrency ecosystem, each playing a vital role in ensuring transparency, security, and decentralization.
1. Blockchain Technology
At the heart of every cryptocurrency lies the blockchain—a decentralized digital ledger that records all transactions across a network of computers. Instead of being controlled by a single entity (like a bank), a blockchain operates on a peer-to-peer network, where transactions are grouped into blocks and linked together, forming an immutable chain. Each block contains a list of recent transactions and a unique cryptographic hash that connects it to the previous block, ensuring that once data is added, it cannot be altered. This makes blockchain highly secure and transparent.
2. Cryptocurrency Mining
Mining is the process through which new cryptocurrency tokens are created, and transactions are verified. It involves solving complex mathematical puzzles using computational power. Miners compete to solve these puzzles, and the first to succeed adds a new block of transactions to the blockchain. As a reward for their efforts, miners receive newly minted cryptocurrency tokens and transaction fees. This process not only secures the network but also regulates the supply of coins, preventing inflation and manipulation.
3. Cryptocurrency Wallets
A cryptocurrency wallet is a digital tool that allows users to store, send, and receive their cryptocurrencies. These wallets don't hold actual coins but rather store private and public keys used to sign transactions. The private key gives access to your assets, and the public key is like an address to receive funds. Wallets come in various forms—software wallets, hardware wallets, and even paper wallets—each offering different levels of security and accessibility.
Share with credits: https://news.1rj.ru/str/Bitcoin_Crypto_Web
Like for more content like this 😄👍
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📊 Market Overview:
BTC : $62225
ETH : $2430.85
BNB : $563.63
SOL : $144.53
⚡ Dominance :
BTC : 54.29 %
ETH : 12.93 %
Stables : 6.86 %
📈 Market Cap :
Total : 2.26T
DeFi : 69.92B
24hr Vol : 44.43B
BTC : $62225
ETH : $2430.85
BNB : $563.63
SOL : $144.53
⚡ Dominance :
BTC : 54.29 %
ETH : 12.93 %
Stables : 6.86 %
📈 Market Cap :
Total : 2.26T
DeFi : 69.92B
24hr Vol : 44.43B