🟢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.
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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
📊 Market Overview:
BTC : $62450
ETH : $2428.36
BNB : $575.11
SOL : $143.42
⚡ Dominance :
BTC : 54.35 %
ETH : 12.88 %
Stables : 6.82 %
📈 Market Cap :
Total : 2.27T
DeFi : 69.36B
24hr Vol : 96.05B
BTC : $62450
ETH : $2428.36
BNB : $575.11
SOL : $143.42
⚡ Dominance :
BTC : 54.35 %
ETH : 12.88 %
Stables : 6.82 %
📈 Market Cap :
Total : 2.27T
DeFi : 69.36B
24hr Vol : 96.05B
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📊 Market Overview:
BTC : $60929
ETH : $2386.5
BNB : $567.69
SOL : $139.03
⚡ Dominance :
BTC : 54.18 %
ETH : 12.92 %
Stables : 6.95 %
📈 Market Cap :
Total : 2.22T
DeFi : 68.71B
24hr Vol : 90.69B
BTC : $60929
ETH : $2386.5
BNB : $567.69
SOL : $139.03
⚡ Dominance :
BTC : 54.18 %
ETH : 12.92 %
Stables : 6.95 %
📈 Market Cap :
Total : 2.22T
DeFi : 68.71B
24hr Vol : 90.69B
📊 Market Overview:
BTC : $62644
ETH : $2464.55
BNB : $572.48
SOL : $147.29
⚡ Dominance :
BTC : 54.03 %
ETH : 12.94 %
Stables : 6.75 %
📈 Market Cap :
Total : 2.29T
DeFi : 71.15B
24hr Vol : 58.16B
BTC : $62644
ETH : $2464.55
BNB : $572.48
SOL : $147.29
⚡ Dominance :
BTC : 54.03 %
ETH : 12.94 %
Stables : 6.75 %
📈 Market Cap :
Total : 2.29T
DeFi : 71.15B
24hr Vol : 58.16B
📊 Top 10 #Memecoins by 24h Gain:
$BOME : +26.74%
$BRETT : +18.31%
$GIGA : +10.03%
$MEW : +9.29%
$MOG : +6.05%
$PEPE : +5.65%
$FLOKI : +4.89%
$PEOPLE : +4.71%
$SPX : +4.02%
$NPC : +3.40%
$BOME : +26.74%
$BRETT : +18.31%
$GIGA : +10.03%
$MEW : +9.29%
$MOG : +6.05%
$PEPE : +5.65%
$FLOKI : +4.89%
$PEOPLE : +4.71%
$SPX : +4.02%
$NPC : +3.40%
What Is Crypto Market Cap?
The term “crypto market cap is” short for “cryptocurrency market capitalization”, which is a metric used to determine a cryptocurrency’s relative size and value. You can calculate it simply by multiplying a coin’s current price by the total number of coins in circulation. However, you may not even need to do so as many cryptocurrency platforms calculate it for you.
Crypto market cap is often used to rank cryptocurrencies, with a higher market cap generally indicating a more stable and widely accepted cryptocurrency. Conversely, a lower market cap usually signals a more speculative or volatile asset.
Do note, however, that this is just one of the many factors to consider when evaluating a cryptocurrency's potential. Several other factors, such as technology, team, tokenomics, and use cases, should also be considered when researching cryptocurrencies.
The term “crypto market cap is” short for “cryptocurrency market capitalization”, which is a metric used to determine a cryptocurrency’s relative size and value. You can calculate it simply by multiplying a coin’s current price by the total number of coins in circulation. However, you may not even need to do so as many cryptocurrency platforms calculate it for you.
Crypto market cap is often used to rank cryptocurrencies, with a higher market cap generally indicating a more stable and widely accepted cryptocurrency. Conversely, a lower market cap usually signals a more speculative or volatile asset.
Do note, however, that this is just one of the many factors to consider when evaluating a cryptocurrency's potential. Several other factors, such as technology, team, tokenomics, and use cases, should also be considered when researching cryptocurrencies.
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Google has removed live price charts for Bitcoin and other cryptocurrencies from its search results
Google has removed live price charts for Bitcoin and other cryptocurrencies from its search results, a feature that had been available since 2018. Users searching for terms like "Bitcoin price" or "Ethereum price" no longer see the familiar charts, although stock and index graphs remain visible.
The change, noticed by users over the weekend, affects most major cryptocurrencies.
However, as of October 15, 2024, searching for "DOGE" still displays Dogecoin's price chart, suggesting the removal may not be comprehensive or final.
Google has not issued an official statement explaining the removal, leaving users to speculate about the reasons behind this decision. Some suggest it could be an algorithm experiment ahead of the upcoming US elections, while others wonder if it's related to regulatory concerns.
Source-Link: Times of India
Google has removed live price charts for Bitcoin and other cryptocurrencies from its search results, a feature that had been available since 2018. Users searching for terms like "Bitcoin price" or "Ethereum price" no longer see the familiar charts, although stock and index graphs remain visible.
The change, noticed by users over the weekend, affects most major cryptocurrencies.
However, as of October 15, 2024, searching for "DOGE" still displays Dogecoin's price chart, suggesting the removal may not be comprehensive or final.
Google has not issued an official statement explaining the removal, leaving users to speculate about the reasons behind this decision. Some suggest it could be an algorithm experiment ahead of the upcoming US elections, while others wonder if it's related to regulatory concerns.
Source-Link: Times of India
📊 Market Overview:
BTC : $67129
ETH : $2613.06
BNB : $592.43
SOL : $152.37
⚡ Dominance :
BTC : 55.08 %
ETH : 13.05 %
Stables : 6.43 %
📈 Market Cap :
Total : 2.41T
DeFi : 73.01B
24hr Vol : 97.83B
BTC : $67129
ETH : $2613.06
BNB : $592.43
SOL : $152.37
⚡ Dominance :
BTC : 55.08 %
ETH : 13.05 %
Stables : 6.43 %
📈 Market Cap :
Total : 2.41T
DeFi : 73.01B
24hr Vol : 97.83B
📊 Market Overview:
BTC : $67636
ETH : $2614.37
BNB : $594.18
SOL : $152.29
⚡ Dominance :
BTC : 55.16 %
ETH : 12.99 %
Stables : 6.38 %
📈 Market Cap :
Total : 2.42T
DeFi : 73.38B
24hr Vol : 103.54B
BTC : $67636
ETH : $2614.37
BNB : $594.18
SOL : $152.29
⚡ Dominance :
BTC : 55.16 %
ETH : 12.99 %
Stables : 6.38 %
📈 Market Cap :
Total : 2.42T
DeFi : 73.38B
24hr Vol : 103.54B
📊 Market Overview:
BTC : $68240
ETH : $2640.87
BNB : $598.05
SOL : $154.62
⚡ Dominance :
BTC : 55.09 %
ETH : 12.98 %
Stables : 6.34 %
📈 Market Cap :
Total : 2.45T
DeFi : 74.44B
24hr Vol : 103.29B
BTC : $68240
ETH : $2640.87
BNB : $598.05
SOL : $154.62
⚡ Dominance :
BTC : 55.09 %
ETH : 12.98 %
Stables : 6.34 %
📈 Market Cap :
Total : 2.45T
DeFi : 74.44B
24hr Vol : 103.29B
What is a trading strategy?
A trading plan can also help mitigate financial risk, as it eliminates a lot of unnecessary decisions. While having a trading strategy is not mandatory for trading, it can be life-saving at times. If something unexpected happens in the market (and it will), your trading plan should define how you react – and not your emotions. In other words, having a trading plan in place makes you prepared for the possible outcomes. It prevents you from making hasty, impulsive decisions that often lead to big financial losses.
For instance, a comprehensive trading strategy may include the following:
🟢what asset classes you trade
🟢what setups you take
🟢what tools and indicators you use
🟢what triggers your entries and exits (your stop loss placement)
🟢what dictates your position sizing
🟢how you document and measure your portfolio performance
A trading plan can also help mitigate financial risk, as it eliminates a lot of unnecessary decisions. While having a trading strategy is not mandatory for trading, it can be life-saving at times. If something unexpected happens in the market (and it will), your trading plan should define how you react – and not your emotions. In other words, having a trading plan in place makes you prepared for the possible outcomes. It prevents you from making hasty, impulsive decisions that often lead to big financial losses.
For instance, a comprehensive trading strategy may include the following:
🟢what asset classes you trade
🟢what setups you take
🟢what tools and indicators you use
🟢what triggers your entries and exits (your stop loss placement)
🟢what dictates your position sizing
🟢how you document and measure your portfolio performance