Bitzaar

What is dust? 🟢Dust in cryptocurrencies is an amount of crypto so small that it won’t even be enough to pay the transaction fee. 🟢Imagine that you have 1 cent left in your wallet. You won’t be able to buy anything with it, but if you decide to exchange it at a bank for another currency or send it to a friend, the exchange fee will exceed the cost of the cent itself. 🟢This example describes the crypto industry’s concept of “dust” well. 🟢Sometimes, a dusting distribution is used by scammers to commit a so-called “dust attack,” which we’ll cover soon. Join All Our Channels

Crypto security tip: Spam scam coins 🟢If you actively interact with your noncustodial wallet, you’ll soon start receiving various scam coins in varying quantities. 🟢Scammers use them for a variety of purposes—e.g., to confuse you into sending funds to their wallet. Or to get you interested in the coin and visit their site. 🟢We recommend you never visit sites representing these suspicious scam tokens. Crypto beginners are curious and interested when they see that a few thousand coins were sent to them “just for fun”; however, don’t believe everything at face value—99.99% of the time, it’s to deceive you. Join All Our Channels

Crypto Speak: Bounty campaigns 🟢These are various reward techniques aimed at attracting new users. They usually involve tasks and rewards for completing them. 🟢This is how it goes down: You subscribe to a crypto project’s social media and then, say, perform some actions on the platform. 🟢For completing tasks, you may be rewarded with bonus coins or given a chance to participate in a draw for valuable NFTs or tokens Join All Our Channels

Crypto Speak: Circulating supply 🟢The term may look complicated, but it’s actually simple. It’s the number of coins that have already been issued and are available for trading on the market. 🟢This does not include coins blocked or held by founders, only those in circulation among regular users. 🟢“Circulating supply” is one of the most important factors in analyzing any crypto project. Join All Our Channels

The UN says USDT is a major tool for money laundering. 🟢The United Nations has warned about the widespread use of Tether (USDT) in illegal activities. It appears that USDT has become a key tool for money laundering and fraud in Southeast Asia. 🟢Criminals use the asset to launder money and operate illegal online casino platforms. 🟢The report notes that criminals’ interest in the stablecoin is mostly justified by the speed and irreversibility of transactions. 🟢The funny thing is that all of us fell in love with USDT for exactly the same characteristics 😂 Join All Our Channels

Over 50% of the cryptocurrencies tracked by CoinGecko have gone belly up 🙂 Of the 24,000 cryptocurrency projects that have been featured on the CoinGecko aggregator since 2014, 14,039 have ceased to exist. Most of the currently “dead” projects launched during the bull run period of 2020–2021: 7,530 cryptocurrencies, or 53.6% of the total. Perhaps this is all you need to know about “promising young projects” that will “inevitably go to the moon.” 😂 Join All Our Channels

Do you enjoy reading this channel? Perhaps you have thought about placing ads on it? To do this, follow three simple steps: 1) Sign up: https://telega.io/c/bitzaar 2) Top up the balance in a convenient way 3) Create an advertising post If the topic of your post fits our channel, we will publish it with pleasure.

Do you enjoy reading this channel? Perhaps you have thought about placing ads on it? To do this, follow three simple steps: 1) Sign up: https://telega.io/c/bitzaar 2) Top up the balance in a convenient way 3) Create an advertising post If the topic of your post fits our channel, we will publish it with pleasure.

Google Play Store In India has removed Binance and OKX due to a noncompliance notice from the Indian Ministry of Finance. Join All Our Channels

Elon Musk Open to Use Bitcoin on X Following SEC’s Approval of Bitcoin Spot ETFs. Join All Our Channels

Crypto Term:Liquidity Mining 🟢Liquidity Mining is a process in decentralized finance (DeFi) where users provide liquidity to a DeFi protocol, typically by depositing cryptocurrency pairs into a liquidity pool. 🟢In return, these liquidity providers earn rewards, often in the form of additional cryptocurrency tokens. 🟢This concept is central to many DeFi platforms and plays a crucial role in ensuring there's enough liquidity for trades to occur without large price slippages. Join All Our Channels Discussion Group