Crypto Dynasty

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 🙂🙂 📨𝙨𝙝𝙖𝙧𝙚&𝙟𝙤𝙞𝙣_𝙘𝙧𝙮𝙥𝙩𝙤 𝙙𝙮𝙣𝙖𝙨𝙩𝙮

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. 📨𝙨𝙝𝙖𝙧𝙚&𝙟𝙤𝙞𝙣_𝙘𝙧𝙮𝙥𝙩𝙤 𝙙𝙮𝙣𝙖𝙨𝙩𝙮

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. 📨𝙨𝙝𝙖𝙧𝙚&𝙟𝙤𝙞𝙣_𝙘𝙧𝙮𝙥𝙩𝙤 𝙙𝙮𝙣𝙖𝙨𝙩𝙮

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🔥 Bloomberg ETF analyst Eric Balchunas anticipates the launch of a US spot Ethereum💰 ETF by the end of June. Following recent updates from BlackRock and Grayscale. The steps taken by these companies signal that the #ETH ETFs are nearing their trading debut. 📨𝙨𝙝𝙖𝙧𝙚&𝙟𝙤𝙞𝙣_𝙘𝙧𝙮𝙥𝙩𝙤 𝙙𝙮𝙣𝙖𝙨𝙩𝙮

Trader made $650,000 in 5 hours with an investment of $861 thanks to memcoin A user increased his investment by 762 times in about five hours, turning $861 into $650,000 thanks to trading the MOTHER memcoin on the Solana network. He spent 5.14 SOL ($861 at the time) to buy 86.55 million MOTHER, representing 8.66% of the token's total supply. About five hours later, the trader sold 80.41 million MOTHER for 3,035.5 SOL, which is valued at $509,000. At the time of writing, he still has 6.14 million MOTHER left worth about $148,000. Lookonchain noted that the trader is most likely not an insider, as he traded almost 700 coins and suffered losses before buying the MOTHER token. The percentage of his profitable trades was less than 25%. 📨𝙨𝙝𝙖𝙧𝙚&𝙟𝙤𝙞𝙣_𝙘𝙧𝙮𝙥𝙩𝙤 𝙙𝙮𝙣𝙖𝙨𝙩𝙮

Myth: Blockchains are destroying the environment. Let’s break down this claim. Indeed, proof-of-work blockchains, such as Bitcoin, are environmentally damaging because they need miners to function, and today’s mining farms are housed in huge hangars with endless rows of powerful equipment. It is important to understand that the entire banking industry (data centers, ATMs, office buildings) consumes much more energy than Bitcoin mining and, therefore, is more environmentally harmful. Gold mining, by the way, is also extremely energy-consuming and much more harmful than mining. However! A solution has long been found: Modern blockchains rarely use the outdated proof-of-work mechanism but instead operate the proof-of-stake consensus algorithm or others, which spend paltry (comparable to Bitcoin) amounts of energy that can not even be considered. Therefore, environmentalists should not demonize Bitcoin: Our usual airports and the entire aviation industry contribute more to the increase in carbon dioxide emissions. @𝙘𝙧𝙮𝙥𝙩𝙤_𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨💰

⚡️ JUST IN: BlackRock's spot Bitcoin💰 ETF $IBIT passes GBTC to become the largest Bitcoin ETF in the world. 📨𝙨𝙝𝙖𝙧𝙚&𝙟𝙤𝙞𝙣_𝙘𝙧𝙮𝙥𝙩𝙤 𝙙𝙮𝙣𝙖𝙨𝙩𝙮

💰 Mt. Gox Former CEO Mark Karpeles: Mt Gox Trustee Is Moving #Bitcoin to Different Wallets to Prepare for Distribution Expected This Year. 📨𝙨𝙝𝙖𝙧𝙚&𝙟𝙤𝙞𝙣_𝙘𝙧𝙮𝙥𝙩𝙤 𝙙𝙮𝙣𝙖𝙨𝙩𝙮

Since the beginning of the year, the capitalization of stablecoins has grown by more than $30 billion - almost $20 billion of which was in USDT and another almost $9 billion in USDC. USDT now accounts for about 69% of the entire segment. 📨𝙨𝙝𝙖𝙧𝙚&𝙟𝙤𝙞𝙣_𝙘𝙧𝙮𝙥𝙩𝙤 𝙙𝙮𝙣𝙖𝙨𝙩𝙮