Crypto News | Lessons

How Tap-to-Earn Works? "Tap-to-earn" is an emerging concept in the cryptocurrency space that allows users to earn cryptocurrency tokens by interacting with a digital platform or application. Similar to Play-to-Earn (P2E), it provides an easy way for users to gain rewards through simple actions. Here's how it typically works: ▪️User Engagement: Users interact with a digital platform, such as a mobile app, website, or game, by performing actions like watching ads, tapping, completing tasks, playing games, or providing data. ▪️Reward System: In return for their engagement, users receive cryptocurrency tokens directly into their digital wallets. These tokens usually have intrinsic value within the platform's ecosystem. ▪️Token Utility: The earned tokens can often be used within the platform's ecosystem for various purposes such as in-app purchases, trading, or even converting them to other cryptocurrencies or fiat money. 🤑 Crypto News | Lessons✅

Crypto Fun Facts 💡 Lost Bitcoins: It's estimated that around 20% of all bitcoins in existence are lost forever, either because people have lost access to their wallets or because they've been intentionally destroyed. Mining Energy Consumption: Bitcoin mining consumes a significant amount of energy, with estimates suggesting it consumes more electricity than some small countries. This has led to debates about its environmental impact. Crypto Billionaires: The rapid rise of cryptocurrencies has created a new breed of billionaires, with some early investors and founders of crypto projects amassing vast fortunes seemingly overnight.

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Crypto Glossary💻 ✔️ ATH (All Time High) - The highest price ever reached by a cryptocurrency. ✔️ Altcoin - Any cryptocurrency other that Bitcoin. ✔️ Bull Market - A prolonged period of rising prices in the crypto market. ✔️ Fiat Currency - Government- issued currency such as US dollars, euros, yen. ✔️ Whale - An individual or entity that holds a large amount of cryptocurrency, capable of influencing market prices with their trades. To be continued... 🤑 Crypto News | Lessons✅

Crypto Scams on the Decline! Despite the recent $33 million ZKasino fraud, April saw a significant drop in crypto losses due to scams and hacks, with only $25.7 million lost. This marks the lowest monthly figure since 2021, according to CertiK.The decline is largely attributed to fewer private key compromises, with only three attacks in April compared to 11 in March. While crypto scams remain a concern, this downward trend signals a more secure future in the crypto space. 🤑 Crypto News | Lessons✅

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What determines the price of crypto currency? The price of cryptocurrencies, just like many other assets, is determined by the interplay of supply and demand. ⭐️ Supply: Some cryptocurrencies, like Bitcoin, have a capped supply, meaning there's a limit to how many will ever be created. This scarcity can drive up the price if demand stays the same or increases. ⭐️Demand: This refers to how much interest there is in buying a particular cryptocurrency. Several factors can influence demand, including the perceived usefulness of the cryptocurrency (its utility), whether it's being adopted by more people and businesses (mass adoption), and overall market sentiment. ⭐️ Competition: The emergence of new cryptocurrencies can affect the demand for existing ones. ⭐️ Regulation: Government regulations on cryptocurrencies can impact investor sentiment and participation, thus affecting prices. ⭐️ News and Media Coverage: Positive media attention can increase interest and drive up prices, while negative press can have the opposite effect. Remember, the cryptocurrency market is still relatively young and can be quite volatile. The factors mentioned above can cause crypto prices to fluctuate significantly. 🤑 Crypto News | Lessons✅

CRYPTO CURRENCY COINS 🤑 Crypto News | Lessons✅

Crypto Fun Facts 💡 Lost Bitcoins: It's estimated that around 20% of all bitcoins in existence are lost forever, either because people have lost access to their wallets or because they've been intentionally destroyed. Mining Energy Consumption: Bitcoin mining consumes a significant amount of energy, with estimates suggesting it consumes more electricity than some small countries. This has led to debates about its environmental impact. Crypto Billionaires: The rapid rise of cryptocurrencies has created a new breed of billionaires, with some early investors and founders of crypto projects amassing vast fortunes seemingly overnight. 🤑 Crypto News | Lessons✅