99 Bitcoins

ETH at $3,900: the market is waiting for good news from the SEC 🕔 If Gensler is kind, the price will easily break $4,000, but we need to be extremely cautious. One possible scenario is that the SEC will say "yes" but impose additional conditions to start trading, effectively postponing the start of trading until "after the rain on Thursday" 😟

🇺🇸 Fund Manager Pine Ridge Advisers discloses spot 🥇Bitcoin  ETF holdings worth $205 million in new SEC filing. That's 23% of their $890 million AUM 🙌 🪙 99Bitcoins

Bitcoin Criticism: If you shut down the internet, Bitcoin stops working. Bitcoin can continue to function in the absence of broadband and power. A node can be updated via satellite and powered by natural resources; in fact, sustainable energy sources power a substantial amount of Bitcoin mining. Moreover, if all electricity and communications fail, humanity will be in such a position that digital money will be rendered useless. Regardless, if/when civilization recovers, nodes might quickly resume from the last known accepted ledger. 🪙 99Bitcoins

🔷 Spot Ethereum ETFs won't start trading so soon - after Form 19b-4 approval, S-1 documents now need to be approved, which could take a few weeks to five months, an analyst told Bloomberg. 🪙 99Bitcoins

😅Vitalik Buterin and his persuasive arguments have swayed the head of the SEC to approve spot Ethereum ETFs. 🪙 99Bitcoins

What is cryptocurrency lending? Issuing loans in the world of cryptocurrencies is flourishing, but crypto loans are very different from the ones we’re used to. Let’s break it down: ▪️ Cryptocurrency loans are always issued against the collateral of another cryptocurrency. For example, you can “pledge” your BTC and receive USDT in return. ▪️ This is similar to how you might take a piece of jewelry to a pawn shop. Let’s say you pawn a gold ring worth $1,000, and the pawn shop gives you $900. The $100 difference, or 10%, is the pawn shop’s earnings in case you don’t return the money. ▪️ At the same time, you can return $900 to the pawnshop at any time and get your ring, paying a small interest on the loan. Of course, in crypto, everything is a bit more complicated, and there are nuances. For example, if the Bitcoin rate (which you have pledged) goes down sharply, at a certain level of decline, the lending platform may automatically sell your Bitcoin to prevent a bigger loss. At this point, you will likely lose some of your money. However, the general principle is as we described above: You get cryptocurrency A secured by cryptocurrency B. Who needs this and why? The simplest example: suppose you hold BTC, but you don’t want to sell it because you are convinced that the coin will continue its growth. But you need USDT to realize some investment (for example, you want to buy a promising token). In this case, you can put up your BTC as collateral and, in return, receive USDT, and use it as you wish. Everything would be perfect here, except for the risk described above: If Bitcoin’s price suddenly goes down, your coins may be automatically liquidated. The USDT will remain with you, but you will incur losses. Therefore, carefully study the terms on which you get a loan in the world of crypto. 🪙 99Bitcoins

⚡️Microsoft $MSFT is planning to let its AI Copilot help you in video games like Minecraft. 🪙 99Bitcoins

✅Mastercard said in a statement: “Cryptocurrencies are becoming increasingly mainstream, accelerating trade with confidence and transparency 🪙 99Bitcoins

Binance has launched a Web3 wallet. This is interesting news, which, to be honest, is not really about Web3 😅 The thing is that only Binance users will be able to use the noncustodial wallet, and the exchange itself reserves the right to monitor and block “suspicious accounts.” The Web3 philosophy implies decentralization and anonymity. But this new service from Binance does not meet these requirements at all. Yes, it may be convenient, but Satoshi Nakamoto would be unhappy with this announcement from “CZ.” 🪙 99Bitcoins

🔼 Vitalik Buterin pampers the ENS token, naming Ethereum Name Service (ENS) as the most successful non-financial application of blockchain. Buterin also stated: We need an open decentralized (operator- and governance-free) protocol to quickly move assets from one L2 to another, and for it to be integrated into a standard wallet sending interface. For example, token transfers, ENS, changing keys in smart contract wallets (personal and organizational). 🪙 99Bitcoins