Crypto Insights

Crypto speak: Bags “Bags” are your crypto assets; the term usually implies a fairly large amount of crypto. For example, “My Bored Ape bags keep growing,” or “I have a fat bag of DOGE.” If you start saying “I have a big bag of Bitcoin” instead of “I have a lot of Bitcoin,” people will believe you know what you’re doing😅 ⚡️ @Crypto_Insidere 🌕 Share 📊

Crypto speak: FML “FML” is an abbreviation for “f*ck my life.”😅 It is used to describe the difficulties of life—e.g., after a failed trade or a significant decline in the value of someone’s crypto portfolio. Also, FML is used when talking about the poor state of the crypto market. 📈Crypto_Ocean

Bitcoin’s 280% surge from cycle lows mirrors previous bull cycles Since bottoming out around $15,500 in November 2022, Bitcoin’s performance has been on a consistently upward trajectory. This growth culminated in new all-time highs in March 2024, marking a staggering 280% surge from its cycle low. However, the market has experienced several healthy corrections during this bullish trend. In March 2023, Bitcoin saw a 22% drawdown, followed by a 20% correction that lasted from April to June 2023.

Taiwanese authorities have implemented new strict cryptocurrency regulations. The key aspects of these regulations are: 1️⃣ Digital asset service providers who do not register with the regulatory bodies and fail to meet anti-money laundering standards may be subjected to up to 2 years of imprisonment. 2️⃣ Individuals utilizing virtual asset accounts for illegal activities could receive prison terms of 6 months to 5 years. 3️⃣ Infringements of licensing regulations could lead to penalties as high as 50 million Taiwanese dollars (approximately $1.54 million). 📧Bright |⚡English |🔸 Learn >

An American mining company has opened a data center in Argentina to mine bitcoin using energy from 🔥 burning associated gas. This would power 1,200 ASIC miners from a thermal power plant, which would burn gas that would have been burned anyway, and its heat would wastefully heat the atmosphere, exacerbating the 🌳greenhouse effect. We previously reported that the coal company 🔨 mined 425 BTC, also using its own surplus energy. It seems that green mining is becoming a trend.

Bitcoin has established a local bottom at $56,500 and may reach $150,000 by the end of this year - Standard Chartered 💪 The situation has improved, with Bitcoin possibly having established a low at $56,500, according to Standard Chartered. 🤷 Experts have revised their previous forecast, which anticipated a drop to the $50,000-$52,000 range. 📈 They have confirmed a target of $150,000 by the end of the year and $200,000 by the end of 2025. 🏦 The reason for the change was a less hawkish-than-expected decision by the Federal Reserve and positive signals in the U.S. employment report.

US senators call for action against cryptocurrency mining in Iran 🇺🇸 Senators Elizabeth Warren and Angus King have sent a request to the Joe Biden administration for details on combating Iran's evasion of cryptocurrency 🔨mining sanctions. They are concerned that since 2019, when Iran legalized mining, the country has earned 💵 millions of dollars that go towards financing terrorism and circumventing sanctions. Warren and King note that 🇮🇷 Iran is one of the world's leading producers of bitcoins and uses the digital asset to 🧺 launder money, which threatens national security. They point ➡️ to the Binance exchange, which has processed $8 billion worth of Iranian crypto transactions over four years. ✔️ The senators are asking for information on mining revenues in Iran from 2021, the connection between digital assets and the Iranian government, and steps to address national security threats by May 16.

Bitcoin remain sideway as Federal Reserve maintains current interest rate 📉 Federal Reserve left interest rate unchanged, maintaining the highest level in over 23 years. 🪑Fed Chair Jerome Powell remains cautious, indicating no imminent rate hikes and suggesting that rate cuts are unlikely until there's greater confidence in achieving a sustainable 2% inflation target. 👀 This decision continues to impact the crypto market, with Bitcoin and Ethereum trading sideways.

Top 10 Crypto News In The Last 24 Hours 🚀 1️⃣ 💰 Crypto market continued to bleed red as Bitcoin’s price goes down below $60,000. 2️⃣ 💰 Ethereum price went below $3,000 as Hong Kong ETFs disappoint. 3️⃣ 💰 Ex-Binance CEO Changpeng Zhao receives 4 months jail time For AML violations. 4️⃣ 💰 Coinbase is rolling out Bitcoin Lightning Network integration starting today. 5️⃣ 💰 Grayscale has transferred 4,011 $BTC worth $245 million to coinbase. 6️⃣ 📈 BlackRock's USD Institutional Digital Liquidity (BUIDL) Fund hits $375 million AUM. 7️⃣ 🇭🇰 Hong Kong's six spot bitcoin, ether ETFs see $11 million in volume on first trading day. 8️⃣ 🇺🇸 US House Financial Services says "classifying $ETH as a security contradicts previous statements of the SEC and Chair Gensler." 9️⃣ 🇧🇷 Brazil Is at the Top of Digital Money Initiatives in Latam. 🔟 🇰🇵 North Korean group Lazarus strikes again With $200M crypto laundering case. 🔸Crypto Insights | Business Tips 🔻  Success Goals 🔺 | Crypto 1️⃣

Crypto speak: Reveal “Reveal” is the process of discovering an NFT. Here’s an example: Often, NFT collections are minted, where their individual NFTs all look the same initially but take on a unique form after a predetermined amount of time has elapsed. Such reveal mechanics are popular in the NFT space and are often used in creative and original ways. 📈Crypto_Ocean