Whales Crypto News

What is a brain wallet? A “brain wallet” is a method of cold storing crypto... in your head. Yes, there is such a thing, too 🙂 In order to create a brain wallet, you must come up with and memorize a lengthy phrase (at least 8 words), which is then hashed, from which you can derive the public and private wallet keys. By using “brain storage,” you can keep this sentence entirely in your head and avoid having to write it down anywhere. It’s a fun yet unsafe way to work with crypto: ▪️ First, to put it mildly, if something happens to the user’s brain, access to the wallet is lost forever. ▪️ Second, the phrase can be forgotten. ▪️ Thirdly, such phrases are much easier to hack than our usual seed phrases of 12 or 24 random words. But there are also advantages: You definitely don’t have to fear that someone will find your seed phrase written on a piece of paper and steal your crypto 😅 However, we must repeat: This is an unsecure method of storing crypto, and we don’t recommend it.

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Microsoft will create a cryptocurrency wallet for Xbox (or not🙂). Microsoft recently had a major data leak, and among the documents was information about the corporation’s plans to create cryptocurrency wallets for Xbox. Phil Spencer, the head of Xbox, immediately gave a comment in the style of “a lot of our plans have changed” but, at the same time, did not say more specifically whether gamers should expect a cryptocurrency wallet or not. In general, Miscrosoft does not confirm or deny the plans, but we’re hoping that if there is indeed a crypto wallet in the future, it will bring us closer to mass adoption of crypto😎

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📈 BREAKING: For the first time in history, total US Federal debt crosses $33 trillion. 💵 Since the debt ceiling “crisis” the US has added $1 trillion in debt per month. 🏦 Over the last 5 years, the US has added a total of $11.5 trillion in debt.

🗓 The month of september closed with a green return after 7 years since 2016. 👉🏻 October is historically one of the most bullish months for Bitcoin❗️🥇

🗓 The month of september closed with a green return after 7 years since 2016. 👉🏻 October is historically one of the most bullish months for Bitcoin❗️🥇

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🥇 Elon Musk mentioned that Tesla would recommence Bitcoin payments once mining becomes approximately 50% sustainable. Bloomberg has now released a report verifying that the current sustainable usage surpasses 50%. 👉🏻 Elon, when will Tesla resume accepting $BTC payments?

The 12 largest spot and futures 🥇 BTC-ETFs currently available for trading globally contain a total of 102,619 BTC, representing just under 0.5% of the total BTC.