Chinese Communist Party newspaper: bitcoin could collapse to zero
The price of bitcoin could fall to zero, according to an article in China's Economic Daily newspaper, led by the Central Committee of the Communist Party of China.
"Bitcoin is nothing more than a sequence of digital codes, and its profits mainly come from buying at a low price and selling at a high price. In the future, when investors lose confidence or when sovereign countries outlaw bitcoin, it will return to its true value, which is absolutely worthless."
In late September 2021, the People's Bank of China banned cryptocurrency transactions.
The use of digital assets in the country amounts to illegal financial activity.
The price of bitcoin could fall to zero, according to an article in China's Economic Daily newspaper, led by the Central Committee of the Communist Party of China.
"Bitcoin is nothing more than a sequence of digital codes, and its profits mainly come from buying at a low price and selling at a high price. In the future, when investors lose confidence or when sovereign countries outlaw bitcoin, it will return to its true value, which is absolutely worthless."
In late September 2021, the People's Bank of China banned cryptocurrency transactions.
The use of digital assets in the country amounts to illegal financial activity.
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Now that's a serious collaboration!
Eminem and Snoop Dogg have released a music video in collaboration with the popular NFT collection Bored Ape Yacht Club (BAYC).
Yep, those same monkeys.
The collaboration was announced by Eminem on Twitter the same day.
Not only did two of the greatest players of the rap industry make a collab, but also jointly with the most famous "picture" - it's just 🔥
Eminem and Snoop Dogg have released a music video in collaboration with the popular NFT collection Bored Ape Yacht Club (BAYC).
Yep, those same monkeys.
The collaboration was announced by Eminem on Twitter the same day.
Not only did two of the greatest players of the rap industry make a collab, but also jointly with the most famous "picture" - it's just 🔥
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Solana unveiled a smartphone focused on Web3
Solana Labs has unveiled an Android-based smartphone called Saga. The device is scheduled to be on sale in early 2023 at a price of $1,000.
The device will allow you to store cryptocurrencies and NFTs, pay for purchases through Solana Pay, and sign transactions. Moreover, the smartphone will support Solana-based apps and will get a unique decentralized app store.
True connoisseurs of cryptocurrencies are gonna love it
Solana Labs has unveiled an Android-based smartphone called Saga. The device is scheduled to be on sale in early 2023 at a price of $1,000.
The device will allow you to store cryptocurrencies and NFTs, pay for purchases through Solana Pay, and sign transactions. Moreover, the smartphone will support Solana-based apps and will get a unique decentralized app store.
True connoisseurs of cryptocurrencies are gonna love it
China is getting rid of video cards en masse.
The miners in the Celestial Empire, amid the decline of the crypto market, put their videocards for sale, and therefore the "secondary video card market" is now flourishing.
BTW, I cannot exclude that something similar may start to happen around the world: though, I don’t have such info yet.
The miners in the Celestial Empire, amid the decline of the crypto market, put their videocards for sale, and therefore the "secondary video card market" is now flourishing.
BTW, I cannot exclude that something similar may start to happen around the world: though, I don’t have such info yet.
Global crypto-regulation news.
Coinbase introduces strict requirements for residents of the Netherlands: since June 27 they will have to specify in cryptocurrency transactions:
- Recipient's name (full).
- The purpose of the transfer.
- Address of residence of the recipient.
In general, the trend has long been clear: anonymity and decentralization do not get along with the usual financial world, and even cryptocurrency exchanges infringe on users as much as they can.
Coinbase introduces strict requirements for residents of the Netherlands: since June 27 they will have to specify in cryptocurrency transactions:
- Recipient's name (full).
- The purpose of the transfer.
- Address of residence of the recipient.
In general, the trend has long been clear: anonymity and decentralization do not get along with the usual financial world, and even cryptocurrency exchanges infringe on users as much as they can.
"Unloading will continue until the third quarter if production profitability does not improve."
That's the opinion of JPMorgan strategist Nikolaos Panigirtzoglou.
Needing to recoup their own money, mining companies in the third quarter can continue to put downward pressure on the quotations of the first cryptocurrency. After all, even according to Panigirtzoglou himself.
Panigirtzoglu himself, the cost of mining 1 BTC at the beginning of the year was at $18,000-$20,000. This is simply a disaster for miners, which led to the departure from the market of a considerable volume of players.
In June, due to the introduction of more energy-efficient equipment, the cost dropped to the level of $15,000.
But Nikolaos Panigirtzoglou leaves open the possibility that the risk of miners continuing to leave remains unless profitability improves even more (due to bitcoin growth). That is, the current level can still be called "uncomfortable" for crypto-farm owners🤔
That's the opinion of JPMorgan strategist Nikolaos Panigirtzoglou.
Needing to recoup their own money, mining companies in the third quarter can continue to put downward pressure on the quotations of the first cryptocurrency. After all, even according to Panigirtzoglou himself.
Panigirtzoglu himself, the cost of mining 1 BTC at the beginning of the year was at $18,000-$20,000. This is simply a disaster for miners, which led to the departure from the market of a considerable volume of players.
In June, due to the introduction of more energy-efficient equipment, the cost dropped to the level of $15,000.
But Nikolaos Panigirtzoglou leaves open the possibility that the risk of miners continuing to leave remains unless profitability improves even more (due to bitcoin growth). That is, the current level can still be called "uncomfortable" for crypto-farm owners🤔
Perhaps the funniest story from the crypto world this week
And it’s about a bitcoin investor from Thailand who robbed a jewelry store.
As you can guess, he did it against the background of the whole crypto crash, so the story is also very sad🥲
The man stole approximately $50,000 worth of jewelry and almost immediatelyrecouped his investment he was caught by the police. Of course, he was, because he drove straight to his house after the robbery...
The Thai CJ told the police that he committed the crime due to severe stress and an acute need for money.
The young crypto-businessman committed the robbery with a gun, so he faces jail time for armed robbery🙌🏻
And it’s about a bitcoin investor from Thailand who robbed a jewelry store.
As you can guess, he did it against the background of the whole crypto crash, so the story is also very sad🥲
The man stole approximately $50,000 worth of jewelry and almost immediately
The Thai CJ told the police that he committed the crime due to severe stress and an acute need for money.
The young crypto-businessman committed the robbery with a gun, so he faces jail time for armed robbery🙌🏻
💥 Italian luxury brand Salvatore Ferragamo is breaking into NFT
In collaboration with artist Shxpir, the company's concept boutique in SoHo, New York, has launched a booth where customers can mine their own NFTs on Ethereum for free for placement on OpenSea
For Salvatore Ferragamo, Shxpir created digital 3D visuals for 256 different NFTs
In collaboration with artist Shxpir, the company's concept boutique in SoHo, New York, has launched a booth where customers can mine their own NFTs on Ethereum for free for placement on OpenSea
For Salvatore Ferragamo, Shxpir created digital 3D visuals for 256 different NFTs
Ripple set up office in Canada
The company announced the opening of its first office in Toronto. This engineering center will support the firm's growth in the North American region.
It intends to hire 50 engineers and expand to hundreds of blockchain developers as well as machine learning specialists.
Amid the layoffs in the crypto industry, this approach by Ripple is very optimistic. Here's what Brad Garlinghouse brings up on the subject:
"The market is likely going to shrink in the near term, but I and many others have every ounce of confidence that crypto will succeed in the future as an integral part of our global financial systems. Slow and steady wins the race," he said.
The company announced the opening of its first office in Toronto. This engineering center will support the firm's growth in the North American region.
It intends to hire 50 engineers and expand to hundreds of blockchain developers as well as machine learning specialists.
Amid the layoffs in the crypto industry, this approach by Ripple is very optimistic. Here's what Brad Garlinghouse brings up on the subject:
"The market is likely going to shrink in the near term, but I and many others have every ounce of confidence that crypto will succeed in the future as an integral part of our global financial systems. Slow and steady wins the race," he said.
👍1
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⏰ An insight into the NFT functionality of the TAG Heuer Connected Calibre E4 watch
Right from the wrist it is possible to verify with OpenSea with a "tick", plus the watch automatically detects the dominant NFT colors for the background
Right from the wrist it is possible to verify with OpenSea with a "tick", plus the watch automatically detects the dominant NFT colors for the background
Toncoin is rising to $1.36!
Just before the event, miners mined the last Toncoin. That's it, the era of initial coin distribution is over.
The next step is to increase the number of validators and coins involved in validation, which will surely lead to a more secure and stable network.
Who had time to jump in with us?
Just before the event, miners mined the last Toncoin. That's it, the era of initial coin distribution is over.
The next step is to increase the number of validators and coins involved in validation, which will surely lead to a more secure and stable network.
Who had time to jump in with us?
⏳ "Lunch cost $5.51 plus tax, or 0.52 BTC".
A fascinating story from an unknown author describes how, back in 2011, you could have a full meal at a restaurant while paying for your order in BTC.
"Perhaps the dividing line between 'real money' and 'virtual money' is how much you worry about asking yourself if that currency will be accepted by a business, and the willingness of that business to say yes."
A fascinating story from an unknown author describes how, back in 2011, you could have a full meal at a restaurant while paying for your order in BTC.
"Perhaps the dividing line between 'real money' and 'virtual money' is how much you worry about asking yourself if that currency will be accepted by a business, and the willingness of that business to say yes."
😰 Michael Sailor is not only in a drawdown on bitcoin positions, but also in the discomfort zone
Only one period in his history has he suffered a floating loss (yellow zones), and that was at the beginning of his purchases in 2020. The rest of the time he's been in good profits, and, as a bonus, in the role of a guru
Only one period in his history has he suffered a floating loss (yellow zones), and that was at the beginning of his purchases in 2020. The rest of the time he's been in good profits, and, as a bonus, in the role of a guru
Researchers found out the average age of the most active crypto-investors
True, among U.S. citizens, but the results are quite complementary anyway.
So, almost 40% of millennials living in the U.S. prefer to invest in cryptocurrencies rather than in traditional financial instruments.
It is people aged 25-40 who lead in investing in digital assets (39%). But generation X has 32% of them, and among boomers it's already 14%.
Sorry, who didn't know these concepts before, the researchers decided to distribute the data by generation😅
The online survey was conducted among 2,000 non-retired U.S. residents. Of those, 1,200 were Millennials, 400 were Generation X, and 400 were baby boomers. All participants held at least $2500 in investment assets at the time of the survey.
True, among U.S. citizens, but the results are quite complementary anyway.
So, almost 40% of millennials living in the U.S. prefer to invest in cryptocurrencies rather than in traditional financial instruments.
It is people aged 25-40 who lead in investing in digital assets (39%). But generation X has 32% of them, and among boomers it's already 14%.
Sorry, who didn't know these concepts before, the researchers decided to distribute the data by generation😅
The online survey was conducted among 2,000 non-retired U.S. residents. Of those, 1,200 were Millennials, 400 were Generation X, and 400 were baby boomers. All participants held at least $2500 in investment assets at the time of the survey.
NFTs for Marvel movie - "Thor: Love and Thunder"
Disney along with Cinemark Movie Rewards will be releasing a collection of 1,000 NFTs to coincide with the release of the superhero movie "Thor: Love and Thunder."
Residents of the U.S. can try to win a free token by purchasing a ticket to see the movie - you'll need to monitor the Cinemark website until July 7.
The Cinemark site invites everyone to play a mini-game to get a reward in the form of NFT. By the way, the company has its own permanent rewards system, Cinemark Movie Rewards.
Participants in this program can redeem their rewards for movie tickets or movie products. This initiative will be a first for the company in the NFT space.
Disney along with Cinemark Movie Rewards will be releasing a collection of 1,000 NFTs to coincide with the release of the superhero movie "Thor: Love and Thunder."
Residents of the U.S. can try to win a free token by purchasing a ticket to see the movie - you'll need to monitor the Cinemark website until July 7.
The Cinemark site invites everyone to play a mini-game to get a reward in the form of NFT. By the way, the company has its own permanent rewards system, Cinemark Movie Rewards.
Participants in this program can redeem their rewards for movie tickets or movie products. This initiative will be a first for the company in the NFT space.
Binance adds big names to its advertising campaign
The largest crypto exchange has announced a partnership with video blogger Khaby Lame.
Well. you all know him (probably), even if you don't check TikTok🙌🏻
The Italian of Senegalese origin has 144 million subscribers on the all-known platform, thanks to this he’s the first in the number of subscribers in TikTok.
The video blogger will popularize the Web3-technology and joint projects with Binance in the field of NFT, "further expanding the experience of its fans," the company explained.
We will not think about how much Binance will pay the TikToker born in 2000🥲
The largest crypto exchange has announced a partnership with video blogger Khaby Lame.
Well. you all know him (probably), even if you don't check TikTok🙌🏻
The Italian of Senegalese origin has 144 million subscribers on the all-known platform, thanks to this he’s the first in the number of subscribers in TikTok.
The video blogger will popularize the Web3-technology and joint projects with Binance in the field of NFT, "further expanding the experience of its fans," the company explained.
We will not think about how much Binance will pay the TikToker born in 2000🥲
👍1
Since November 2021, the number of bitcoin millionaires has dropped by 75%
And if we give a specific number instead of percentages, it becomes even scary.
In six months, 82,602 bitcoin millionaires have lost their status as a result of the negative dynamics of the first cryptocurrency.
At the time BTC ATH reached $69,000 - there were 108,886 bitcoin millionaire addresses.
You can count for yourself, how many of them there are now🙃
Also there are much less whales (wallets with value more than $10 million) - from 10,587 to 4,342 addresses.
But, at the same time, the number of wallets with at least 1 BTC increased significantly. Their number increased by more than 13,000☝🏻
And if we give a specific number instead of percentages, it becomes even scary.
In six months, 82,602 bitcoin millionaires have lost their status as a result of the negative dynamics of the first cryptocurrency.
At the time BTC ATH reached $69,000 - there were 108,886 bitcoin millionaire addresses.
You can count for yourself, how many of them there are now🙃
Also there are much less whales (wallets with value more than $10 million) - from 10,587 to 4,342 addresses.
But, at the same time, the number of wallets with at least 1 BTC increased significantly. Their number increased by more than 13,000☝🏻
👍1