CryptoSagas

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

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

Crypto Speak: CeFi 🟢“CeFi” (centralized finance) is an intermediate link that unites the DeFi segment with the world of traditional finance. 🟢In general, almost any CEX can be called a visual representative of CeFi. Exchanges such as Binance, Coinbase, and Kraken are not decentralized. 🟢However, they offer a much more user-friendly interface and interaction experience than most DEXs, and for this reason, CeFi has significantly more users than DeFi and its DEXs. 🟢True crypto punks are of course angry about this state of affairs because they remember that, at the very foundation of crypto lies the idea of decentralization, but most users hang out in the CeFi field because it’s more familiar and convenient Join All Our Channels Discussion Group

Landmark Approval: U.S. SEC Greenlights Bitcoin ETFs 🟢In a historic decision, the U.S. Securities and Exchange Commission (SEC) has given the nod to exchange-traded funds (ETFs) tracking bitcoin's value, marking a pivotal moment for the cryptocurrency world. 🟢This approval, long sought since 2013, overcomes previous SEC rejections that cited market manipulation concerns. 🟢The victory came following a court's August decision against the SEC's refusal of Grayscale Investments' bitcoin ETF application. 🟢This prompted the SEC to revise its stance, leading to the approval of ETF applications from industry giants like ARK Investments, BlackRock, and Fidelity. 🟢These ETFs, which will be listed on major exchanges like Nasdaq, NYSE, and CBOE, are composed of actual bitcoin purchased from crypto exchanges. 🟢They aim to mirror a bitcoin benchmark, with some tracking an index from CF Benchmarks, a Kraken subsidiary. 🟢To mitigate manipulation risks, Nasdaq and CBOE have established a market surveillance system in collaboration with Coinbase. 🟢Unlike direct bitcoin purchases, these ETFs simplify investment in bitcoin, avoiding issues like setting up crypto wallets and dealing with exchanges, some of which have faced security and legal issues. 🟢They offer a more regulated and secure investment avenue through standard brokerage accounts, particularly appealing to institutional investors. 🟢These developments differentiate these ETFs from the bitcoin futures ETFs approved in 2021, which faced limitations in tracking bitcoin prices accurately. 🟢While the impact of these spot bitcoin ETFs on the market is uncertain, their approval is seen as a major win for the crypto industry, enhancing bitcoin's mainstream appeal and marking a significant achievement in its ongoing regulatory battles. PDF is attached which is from official SEC Join All Our Channels Discussion Group 🦜

Crypto Speak: Censorship resistance 🟢“Censorship resistance” is the ability to resist change imposed by external pressure. Bitcoin is censorship-resistant due to the exorbitant cost of attempting to undermine the accuracy of transactions stored in its blockchain. Join All Our Channels [UPDATED] ✅ Discussion Group 🦜

Crypto Speak: CBDC 🟢A central bank digital currency (CBDC) is a form of digital money created and distributed by a country's central bank or government. 🟢CBDC's are intended to serve some of the same functions as cryptocurrencies like reducing transaction fees but they remain centrally controlled by the state rather than being decentralized like crypto. 🟢CBDCs allow central banks and governments to have a presence in the digital asset and blockchain ecosystem. 🟢However, because they are issued and managed by central authorities rather than governed in a decentralized manner, CBDCs should not be confused with true cryptocurrencies. The key difference is that cryptocurrencies aim to operate independently of state monetary control whereas CBDCs are a directly state-administered digital asset. Join All Our Channels [UPDATED] ✅ Discussion Group 🦜

And it might rose more as I have discussed in previous post... This was updated as of today January 9th 2024 Join All Our Channels [UPDATED] ✅ Discussion Group 🦜