Crypto | Bitcoin | Ethereum | Altcoin | News

2023-05-17 12:58:10 The main kinds of cryptocurrencies

Depending on how you look at it, cryptocurrencies can be divided into two to 10 categories.

Today, we’ll go over the three most common cryptocurrency categories:

1. Bitcoin

The world’s first-ever cryptocurrency, Bitcoin (BTC) was created by the pseudonymous entity Satoshi Nakamoto. It’s the most popular crypto in the world and has already become a household name. Its market capitalization is higher than its next closest competitor, Ether (ETH), by 2.5 times.

2. Altcoins

Traditionally, all cryptocurrencies that were created after Bitcoin are called altcoins. Examples of altcoins include Ether (ETH), Litecoin (LTC), BNB (BNB), and Cardano (ADA). Developers and teams create altcoins to explore their endless possibilities and functions unavailable on the Bitcoin network.

It’s worth noting that Bitcoin’s market capitalization is equal to all other altcoins in the top 20 combined—another aspect showing Bitcoin’s dominance in the crypto market.

3. Stablecoins

These are altcoins created to hold a stable value. Stablecoins are usually backed by a fiat currency (or other cryptocurrencies sometimes) to keep their price at $1. Some of the most popular stablecoins are Tether (USDT), USD Coin (USDC), and Dai (DAI), whose value is always equal to 1 United States dollar.

Stablecoins have become a convenient option for international money transfers, money settlements, and locking in profits among investors and traders.

However, please note that no stablecoin is guaranteed to keep its peg to the U.S. dollar; stablecoins can also crash and lose their value (case in point: TerraUSD). Therefore, stablecoins also carry their own set of risks.

Of course, there are many more cryptocurrency categories — e.g., utility tokens, privacy coins, and governance tokens, to name a few. We’ll discuss these in a future post.

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2023-05-16 22:08:37 Global crypto headlines of the day:

Ethereum Foundation researcher Justin Drake released a proposal to implement EIP-1559: MEV Burn, which aims to burn the extra income of MEV.

The EU unanimously approved the landmark Crypto Asset Markets Regulation (MiCA) and new anti-money laundering measures on crypto transfers.

According to creditors, BlockFi used customer money to buy a $30 million insurance policy.

U.S. Treasury Secretary Janet Yellen said the country could default on its debt by June 1 if Congress fails to raise or suspend the debt limit.

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2023-05-16 17:56:12 EU finance ministers have approved the world's first comprehensive cryptocurrency rules.

- All exchanges and wallet providers must be licensed.
- Names of senders and recipients of transactions must be recorded regardless of amount.

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2023-05-16 17:28:40 Bitcoin is better than the dollar if the U.S. defaults

Bloomberg conducted a poll on how you would save your money if a US default became a reality. Most standardly chose gold, but 2nd and 3rd place showed an interesting result

Buying bonds of a country in default is extremely risky, but there is confidence that the default will be short-lived and purely technical. That's why many decided to buy Treasury securities at a discount

Bitcoin came in third place, overtaking the dollar due to the interest of retail investors. The first cryptocurrency showed its protective properties during the collapse of banks, and the default is of a similar nature

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2023-05-16 17:15:55 ETH Stacking yields reached a record 8.7%

After the Shanghai update, users deposited 3.4 million coins and withdrew 2.6 million coins.

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2023-05-16 17:03:41 Ledger has released a controversial update for Nano X.

The new feature, Ledger Recover, allows users to recover their seed phrase with the help of third parties.

The seed phrase is divided into 3 fragments and sent to unknown third parties/organizations in an encrypted form after user approval.

It can then be restored by verifying one's identity (KYC).

The community has criticized the idea of transferring data to third parties and warned about possible manipulations with KYC to steal assets.

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2023-05-15 17:55:50 Taking out $$$ bags on airdrops
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To get the drop, each project makes its own criteria by which the drop purses will be selected.

Keep a checklist of the most frequent multipliers, collecting which can get you a lot of cash.

Transaction count
By this you are showing your activity and involvement in the project. If you retrograde a new blockchain, you can see the number of transactions in the blockchain scan.

Transaction count
The minimum Arbitrum threshold for this multiplier was $10,000. The number is quite realistic. 20 transactions at $500 or 100 at $100 can everyone.

Various services
We use every possible platform for transactions. Do not get hung up on 1 or 2 bridges. We trade, swap, bridge - maximum activity.

Domain names and NFT
It's hard to say 100% where this will boost, but it's not a penny to spend.

Voting
Projects love it when you don't just take advantage of their benefits, but take part in the future fate of the project. Voting takes place on Snapshot.

Persistence
Do this exercise 2 times a week - the deposit will not hurt. It's important for the project to involve the user in its development.

Take the "the more the better" rule. Every multiplier is a fat plus in your retrodrop's piggy bank.

Checking our subscribers: have you ever received a retrodrop?

— Yes
— No

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2023-05-15 12:49:22 With every halving, less and less BTC is created, and with every US Fed meeting, more and more dollars is being created

Anyone here can help me figure out the match behind this ? - The tweet states.

Do you believe that BTC will be worth $100,000 or more?

Yes -
No -

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2023-05-14 19:21:57 The perfect strategy for how to "shave a hamster"
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We all know that big players in the market (whales) like to conduct certain operations to make money while trapping ordinary users (hamsters). So how does this happen?

Here's an example on meme-coin Pepe:

Pepe is listed on Binance while the token is at its highest values. For what purpose?

Need the volumes so the big guys can unload their bags (sell the Pepe tokens they have). On other exchanges they simply would not have enough liquidity to sell. And listing on Binance immediately generates a lot of noise, thus attracting a large amount of liquidity.

At the same time futures are launched.

A futures is a contract in which the seller undertakes to deliver the underlying asset to the buyer at an agreed price and at a specified time in the future and the buyer is obliged to buy back the subject of the transaction.

Now turn on the visualization and your imagination. And also imagine this profit from the following actions:

Whales go into futures and get into shorts with leverage.

Go into Binance and sell their Pepe bags on the spot.

What we gain?

Simultaneously open shorts and simultaneously dumping their huge bags. It's scary to imagine what the profits could be.

dump their bags;
made a profit on the short.

So you understand, right? A man simultaneously dumping his spot and simultaneously pushing his price into a profit on the short.

How genius! That's it.

Put if you want to make such schemes, too.

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2023-05-13 17:31:29 The bitcoin network has only stopped twice in its history, and that was in 2010 and 2013

Statistically, the bitcoin blockchain is one of the most reliable computer networks in the world

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