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Telegram Wallet announced a change of service provider Cryptocurrency wallet Telegram Wallet has notified users of the need to update their data. As of May 30, WOT Global Solution Ltd will become the application's new service provider - the firm will have full access to users' personal data, including name, address, phone number, transaction data and more. Users have until June 3, 2024 to update their personal data in the service. Otherwise, they will lose access to all features except withdrawals. 4️⃣Whales_crypto

Crypto Speak: CBDC A central bank digital currency, or “CBDC,” is very simple. It’s digital money issued by the government or a country’s central bank. Such currencies help reduce transfer costs and allow the state to “fly into the blockchain world” and take its place there. Of course, this is not crypto because there is no decentralization. 4️⃣Whales_crypto

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The Bank for International Settlements has authorized the world’s central banks to store up to 2% of their capital in cryptocurrency. However, there is a nuance: The minimum collateral reserve for crypto is 1,250%. That is, if a bank wants to invest $10,000 in BTC, it needs to provide them with an additional $125,000 in reserves. Nevertheless, this is awesome news for the mass adoption of cryptocurrencies because banks will now be able to officially own digital assets. 4️⃣Whales_crypto

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Crypto Speak: Mining for compliments This isn’t a technical term, but “mining for compliments” is when someone actively demonstrates their successes or achievements in cryptocurrencies, hoping for positive reactions and praise from others. In other words, it’s crypto’s version of fishing for compliments. This can be anything from a successful trade to successfully launching your own blockchain project. There is nothing wrong with this, but we should keep in mind that modesty is a better look on crypto enthusiasts 😅 4️⃣Whales_crypto