CRYPTO WORLD

💰Consensys Takes Legal Action Against SEC, Argues Ethereum ($ETH) Not a Security The crypto industry's ongoing battle with the Securities and Exchange Commission escalated as Consensys, a key supporter of the Ethereum blockchain, lodged a lawsuit in a Texas federal court on Thursday. The filing aims to preempt a potential SEC lawsuit regarding aspects of its MetaMask wallet, while also seeking clarity on whether Ethereum's Ether token qualifies as a security, a significant legal ambiguity for the crypto sector. ⏺Crypto_Wrld🚀

The SEC has reportedly delayed the Franklin 🔵 Ethereum spot ETF, while Standard Chartered doubts a May approval. However, the bank remains optimistic, expecting BTC to reach $150k and ETH to hit $8k by year-end, suggesting negative news is already priced in. ⏺Crypto_Wrld🚀

The way blockchains are changing the world: decentralized social networks. The beauty of blockchain technology lies in its ability to create a decentralized system that provides privacy, data control, and monetary rewards for its users. Blockchain-based decentralized social media platforms based takes away the monopoly of giant technology corporations over user data. Users will no longer have to worry about their data being collected or sold without their knowledge or consent. Instead, blockchains return the power to users, who can control how and to whom their data is transferred or sold. In addition, these platforms can offer rewards in the form of tokens, stimulating user participation and the creation of high-quality content. Ultimately, blockchains can not only change but also revolutionize the world, starting with social networks. Decentralized platforms can help create a securer, more transparent and more inclusive digital environment. ⏺Crypto_Wrld🚀

📊 Bitcoin investors in halving cycles can achieve optimal results in the first year without sitting in a full cycle position: 2012: price at halving $12, price one year later $964 2016: price at halving $663, price after one year $2550 2020: price at halving $8740, price after one year $55801 2024: price at halving ~$63300, price after one year ...? ⏺Crypto_Wrld🚀

Binance plans to reopen in India Cryptocurrency exchange Binance plans to re-enter the Indian market after paying a $2 million fine and registering with the FIU as a service provider, The Economic Times reported. The exchange has also obtained a full virtual asset service provider license in Dubai ⏺Crypto_Wrld🚀

Are there really anonymous cryptocurrencies? In a previous post, we told you that most blockchains, such as Bitcoin and Ethereum, are “pseudonymous.” However, there are also completely private projects that have made it impossible to track transfers. Let’s take the example of the Zcash cryptocurrency, which has advanced cryptography and the highest level of confidentiality. Zcash uses a cryptographic protocol called zk-SNARKs. With the help of this technology, users can make completely private transactions when the sender, recipient, and cost of transactions can be hidden on the blockchain. At the same time, privacy on Zcash is optional; users can choose between “transparent” transactions (like Bitcoin) and “hidden” transactions, providing a balance between transparency and privacy. The world of blockchains is diverse. Research shows that most users do not strive for 100% anonymity; however, the industry does offer solutions for true cypherpunks as well.😎 ⏺Crypto_Wrld🚀

Crypto speak: Bitcoin maximalists Bitcoin maximalists, or “maxis,” are people who believe that Bitcoin (BTC) is the only necessary cryptocurrency. They view BTC as the truest form of digital currency that follows the original philosophy of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Bitcoin maximalists often claim that the decentralization, finite supply, and security of Bitcoin make it the ultimate digital store of value — or, as many call it: “digital gold.” They usually consider other cryptocurrencies, or “altcoins,” inferior or unnecessary, believing that Bitcoin will eventually lead in all blockchain use cases. Do you think we need other coins besides Bitcoin? ⏺Crypto_Wrld🚀

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⚡️ Over the last 7 days, the volume of NFT transactions on the BTC network has increased by >120%. Other networks are also experiencing volume growth. ⏺Crypto_Wrld🚀