Crypto World Highlights for June 20th
-Bitcoin Market Dynamics and Trends
Bitcoin's dominance in the crypto market has surged past 50% again despite ongoing market volatility, with its market dominance fluctuating between 44% and 53% over the past year.
Bitcoin exchange reserves have reached a three-year low, indicating low selling pressure and a potential supply shock as institutional investors continue to accumulate Bitcoin.
Bitcoin whales have sold over $1 billion worth of BTC in the past two weeks, coinciding with net outflows from U.S.-listed bitcoin ETFs during the same period.
-Regulatory Developments and Financial Products
The German Federal Criminal Police Office (BKA) has moved $425 million worth of Bitcoin, some of which was transferred to crypto exchanges. The BKA had seized nearly 50,000 BTC from a piracy site.
The SEC has decided not to pursue legal action against Consensys regarding Ethereum's potential status as a security.
Stablecoin transfer volumes have surged 16 times in the past four years, indicating growing crypto adoption and industry maturation.
-Major Movements and Market Sentiments
Fetch.ai has led a significant rally in AI-related cryptocurrency tokens, surging over 25% as Nvidia becomes the world's most valuable company.
Bitcoin's realized volatility has dropped to 30% from its March high, highlighting increased market stability during prolonged consolidation.
-Technology and Innovation
The IMF suggests that CBDCs could enhance financial inclusion and payment efficiency in the Middle East, with 19 central banks in the region exploring CBDC issuance.
-Incidents and Legal Issues
Kraken experienced a bug-related exploit resulting in almost $3 million in losses. The incident is being treated as a criminal case, with Kraken coordinating with law enforcement.
An analyst has suggested that Martin Shkreli may be the creator of the Donald Trump memecoin, $DJT, which soared to a market cap of $400 million, on claims of backing by Trumpโs son, Barron.
#GoMining #MarketNews
-Bitcoin Market Dynamics and Trends
Bitcoin's dominance in the crypto market has surged past 50% again despite ongoing market volatility, with its market dominance fluctuating between 44% and 53% over the past year.
Bitcoin exchange reserves have reached a three-year low, indicating low selling pressure and a potential supply shock as institutional investors continue to accumulate Bitcoin.
Bitcoin whales have sold over $1 billion worth of BTC in the past two weeks, coinciding with net outflows from U.S.-listed bitcoin ETFs during the same period.
-Regulatory Developments and Financial Products
The German Federal Criminal Police Office (BKA) has moved $425 million worth of Bitcoin, some of which was transferred to crypto exchanges. The BKA had seized nearly 50,000 BTC from a piracy site.
The SEC has decided not to pursue legal action against Consensys regarding Ethereum's potential status as a security.
Stablecoin transfer volumes have surged 16 times in the past four years, indicating growing crypto adoption and industry maturation.
-Major Movements and Market Sentiments
Fetch.ai has led a significant rally in AI-related cryptocurrency tokens, surging over 25% as Nvidia becomes the world's most valuable company.
Bitcoin's realized volatility has dropped to 30% from its March high, highlighting increased market stability during prolonged consolidation.
-Technology and Innovation
The IMF suggests that CBDCs could enhance financial inclusion and payment efficiency in the Middle East, with 19 central banks in the region exploring CBDC issuance.
-Incidents and Legal Issues
Kraken experienced a bug-related exploit resulting in almost $3 million in losses. The incident is being treated as a criminal case, with Kraken coordinating with law enforcement.
An analyst has suggested that Martin Shkreli may be the creator of the Donald Trump memecoin, $DJT, which soared to a market cap of $400 million, on claims of backing by Trumpโs son, Barron.
#GoMining #MarketNews
Crypto World Highlights for June 21st
-Market Trends and Predictions
Recent liquidity pulls have resulted in a 2.8% slip in Bitcoin's price as it was nearing $66.5K, largely attributed to actions by Bitcoin whales, illustrating the impact of large holders on price volatility.
The short-term realized price of Bitcoin reached $64,097, representing the average acquisition cost of Bitcoin on-chain, which helps understand the collective cost basis of holders.
Bitcoin's price shows a strong correlation to Federal Reserve liquidity, hinting at a potential price rebound in about ten days.
-Innovative Uses of Technology
Marathon is using Bitcoin mining to provide heating for a town of 11,000 in Finland, showcasing a sustainable approach to utilizing byproducts of cryptocurrency mining.
-Corporate Strategy and Investments
MicroStrategy has acquired an additional 11.9K bitcoins for $786M, increasing its holdings to 226,331 bitcoins valued at nearly $15 billion.
MicroStrategy's significant adoption of Bitcoin as a treasury asset has seen its shares soar, with the stock price increasing over 900%, significantly outperforming the rise in Bitcoin's price.
-Economic and Regulatory Dynamics
Stablecoin issuers have emerged as the 18th largest holders of U.S. debt, highlighting the growing role of digital assets in traditional financial markets.
Martin Shkreli's involvement with Trumpcoin has raised questions regarding securities fraud, especially if misrepresentations about involvement were made, potentially leading to legal repercussions.
The U.S. Treasury Department has noted an increased use of cryptocurrencies by Mexican cartels to buy fentanyl ingredients.
-Industry Expansions and Innovations
BitFlyer plans to revamp FTX Japan into a digital asset custodial firm, targeting institutional investors.
LayerZero's introduction of a new claiming mechanism for its ZRO token involves a donation requirement, which is expected to generate up to $18.5 million for Protocol Guild.
-Security and Forensics
CertiK researchers have been linked to a $3 million attack against Kraken, with the incident being described as a case of extortion.
#GoMining #MarketNews
-Market Trends and Predictions
Recent liquidity pulls have resulted in a 2.8% slip in Bitcoin's price as it was nearing $66.5K, largely attributed to actions by Bitcoin whales, illustrating the impact of large holders on price volatility.
The short-term realized price of Bitcoin reached $64,097, representing the average acquisition cost of Bitcoin on-chain, which helps understand the collective cost basis of holders.
Bitcoin's price shows a strong correlation to Federal Reserve liquidity, hinting at a potential price rebound in about ten days.
-Innovative Uses of Technology
Marathon is using Bitcoin mining to provide heating for a town of 11,000 in Finland, showcasing a sustainable approach to utilizing byproducts of cryptocurrency mining.
-Corporate Strategy and Investments
MicroStrategy has acquired an additional 11.9K bitcoins for $786M, increasing its holdings to 226,331 bitcoins valued at nearly $15 billion.
MicroStrategy's significant adoption of Bitcoin as a treasury asset has seen its shares soar, with the stock price increasing over 900%, significantly outperforming the rise in Bitcoin's price.
-Economic and Regulatory Dynamics
Stablecoin issuers have emerged as the 18th largest holders of U.S. debt, highlighting the growing role of digital assets in traditional financial markets.
Martin Shkreli's involvement with Trumpcoin has raised questions regarding securities fraud, especially if misrepresentations about involvement were made, potentially leading to legal repercussions.
The U.S. Treasury Department has noted an increased use of cryptocurrencies by Mexican cartels to buy fentanyl ingredients.
-Industry Expansions and Innovations
BitFlyer plans to revamp FTX Japan into a digital asset custodial firm, targeting institutional investors.
LayerZero's introduction of a new claiming mechanism for its ZRO token involves a donation requirement, which is expected to generate up to $18.5 million for Protocol Guild.
-Security and Forensics
CertiK researchers have been linked to a $3 million attack against Kraken, with the incident being described as a case of extortion.
#GoMining #MarketNews
๐ฌGet ready for an exciting AMA session with GoMining CEO Mark Zalan!๐
๐ When: Today, Friday, June 21st
๐ Time: 1:00 PM UTC
๐ To participate, click the Twitter Space link
Be an active participant, interact with the team, and ask questions. You have a chance to win a prize!
๐ We're giving away 5 prizes of $100 each!
Join the AMA session, be active, and don't miss the opportunity to learn more about GoMining and win a prize!
๐ We look forward to your participation and questions!
#GoMining #AMA
๐ When: Today, Friday, June 21st
๐ Time: 1:00 PM UTC
๐ To participate, click the Twitter Space link
Be an active participant, interact with the team, and ask questions. You have a chance to win a prize!
๐ We're giving away 5 prizes of $100 each!
Join the AMA session, be active, and don't miss the opportunity to learn more about GoMining and win a prize!
๐ We look forward to your participation and questions!
#GoMining #AMA
Forwarded from Bitcoin.com News
As Bitcoin enters a new cycle following the halving event in April 2024, the landscape of Bitcoin mining continues to evolve. Mining plays a crucial role in maintaining the sustainability of the Bitcoin ecosystem, yet the industry has transformed significantly over the years. Dominated by large-scale players, the barriers to entry for individual miners have [โฆ]
https://news.bitcoin.com/bitcoin-mining-made-easy-how-gomining-leads-the-btc-adoption-through-redefining-the-industrys-accessibility/
https://news.bitcoin.com/bitcoin-mining-made-easy-how-gomining-leads-the-btc-adoption-through-redefining-the-industrys-accessibility/
Bitcoin News
Bitcoin Mining Made Easy: How GoMining Leads the BTC Adoption Through Redefining the Industry's Accessibility โ Branded Spotlightโฆ
As Bitcoin enters a new cycle following the halving event in April 2024, the landscape of Bitcoin mining continues to evolve. Mining plays a crucial role
๐ GoMarket Weekly #15 ๐
Stay up-to-date with the latest edition of GoMarket Weekly! Our trusted crypto expert Mike Ermolaev breaks down the recent developments in the cryptocurrency world, beginning with Bitcoin's consolidation phase, and moving on to Ethereum's bold ambitions, regulatory developments, and mining trends.
๐ Bitcoinโs Consolidation and ETF Outflows ๐ Bitcoin has been trading in the $64,258-$67,099 price range this week, undergoing a consolidation phase, driven by selling from miners, whales, and long-term holders. U.S. spot Bitcoin ETFs saw significant weekly net outflows of almost $600 million. Despite this, Bitcoin remains profitable for investors, maintaining an equilibrium in the market.
๐ Ethereumโs Resilience and ETF Anticipation ๐ Ethereum has been fluctuating between $3,384 and $3,632, showing strength after the SEC dropped its investigation into Ethereum 2.0. Bloombergโs Eric Balchunas predicts ETH ETFs might launch on July 2nd, potentially pushing prices above $4,000 with sights on $4,800.
๐๏ธ Global Regulatory Updates ๐๏ธ The EUโs new MiCA regulations for stablecoins take effect on June 30, imposing stricter standards. South Korea will implement its first virtual asset user protection law on July 19, affecting 29 exchanges. Meanwhile, VanEck launches a Bitcoin ETF on Australiaโs main stock exchange.
๐ก Bitcoin Miners Maintain Profitability ๐ก US-listed Bitcoin miners have reached a market cap of $22.8 billion, driven by a rising hashrate and AI opportunities, despite a decline in miner reserves to their lowest in 14 years. Miner reserves in USD remain at high levels at around $117.8 billion.
๐ Donโt miss out on these crucial updates in the crypto worldโread the full analysis now! ๐
#GoMining #NFT #GoMarket #MarketReview
Stay up-to-date with the latest edition of GoMarket Weekly! Our trusted crypto expert Mike Ermolaev breaks down the recent developments in the cryptocurrency world, beginning with Bitcoin's consolidation phase, and moving on to Ethereum's bold ambitions, regulatory developments, and mining trends.
๐ Bitcoinโs Consolidation and ETF Outflows ๐ Bitcoin has been trading in the $64,258-$67,099 price range this week, undergoing a consolidation phase, driven by selling from miners, whales, and long-term holders. U.S. spot Bitcoin ETFs saw significant weekly net outflows of almost $600 million. Despite this, Bitcoin remains profitable for investors, maintaining an equilibrium in the market.
๐ Ethereumโs Resilience and ETF Anticipation ๐ Ethereum has been fluctuating between $3,384 and $3,632, showing strength after the SEC dropped its investigation into Ethereum 2.0. Bloombergโs Eric Balchunas predicts ETH ETFs might launch on July 2nd, potentially pushing prices above $4,000 with sights on $4,800.
๐๏ธ Global Regulatory Updates ๐๏ธ The EUโs new MiCA regulations for stablecoins take effect on June 30, imposing stricter standards. South Korea will implement its first virtual asset user protection law on July 19, affecting 29 exchanges. Meanwhile, VanEck launches a Bitcoin ETF on Australiaโs main stock exchange.
๐ก Bitcoin Miners Maintain Profitability ๐ก US-listed Bitcoin miners have reached a market cap of $22.8 billion, driven by a rising hashrate and AI opportunities, despite a decline in miner reserves to their lowest in 14 years. Miner reserves in USD remain at high levels at around $117.8 billion.
๐ Donโt miss out on these crucial updates in the crypto worldโread the full analysis now! ๐
#GoMining #NFT #GoMarket #MarketReview
๐ GoMining Academy: Debunking Bitcoin Myths
Today, weโre tackling some of the most common myths about Bitcoin. Let's dive in and set the record straight.
๐ Myth 1: Bitcoin is Harmful to the Environment
There's a misconception that Bitcoin mining is excessively harmful to the environment due to its energy consumption. While it is true that Bitcoin mining uses significant energy, it's important to compare it with traditional financial systems. Research shows that the energy consumption of data centers for the top 100 global banks is more than double that of the Bitcoin network. Moreover, the industry is increasingly turning to renewable energy sources.
๐ Myth 2: Bitcoin is Too Complicated for Regular Users
Bitcoin is often seen as a technology reserved for tech enthusiasts. However, the reality is that the user interfaces of Bitcoin wallets and exchanges have greatly improved. Today, many user-friendly products and guides are available, making Bitcoin accessible to people with various levels of technical expertise.
๐ Myth 3: Bitcoinโs Volatility Makes It Unusable as a Currency
Bitcoin's price volatility is frequently cited as a drawback. While Bitcoin has experienced significant price swings, its volatility is gradually decreasing as the market matures and institutional adoption increases. For those seeking stability, stablecoins pegged to traditional currencies offer a less volatile option while still leveraging blockchain technology.
We'll continue debunking more myths in future posts. Share in the comments which other Bitcoin myths you'd like us to address!
#GoMiningAcademy #Bitcoin
Today, weโre tackling some of the most common myths about Bitcoin. Let's dive in and set the record straight.
๐ Myth 1: Bitcoin is Harmful to the Environment
There's a misconception that Bitcoin mining is excessively harmful to the environment due to its energy consumption. While it is true that Bitcoin mining uses significant energy, it's important to compare it with traditional financial systems. Research shows that the energy consumption of data centers for the top 100 global banks is more than double that of the Bitcoin network. Moreover, the industry is increasingly turning to renewable energy sources.
๐ Myth 2: Bitcoin is Too Complicated for Regular Users
Bitcoin is often seen as a technology reserved for tech enthusiasts. However, the reality is that the user interfaces of Bitcoin wallets and exchanges have greatly improved. Today, many user-friendly products and guides are available, making Bitcoin accessible to people with various levels of technical expertise.
๐ Myth 3: Bitcoinโs Volatility Makes It Unusable as a Currency
Bitcoin's price volatility is frequently cited as a drawback. While Bitcoin has experienced significant price swings, its volatility is gradually decreasing as the market matures and institutional adoption increases. For those seeking stability, stablecoins pegged to traditional currencies offer a less volatile option while still leveraging blockchain technology.
We'll continue debunking more myths in future posts. Share in the comments which other Bitcoin myths you'd like us to address!
#GoMiningAcademy #Bitcoin
Best analysis and insights (June 17-23)
๐ ETH's next hard fork is a bigger deal than you think, focusing on the upcoming Pectra upgrade that could significantly alter Ethereum's functionality.
๐ Tether's journey through challenges in 2022 demonstrates its stability compared to traditional banks, as explained by Tether CEO Paolo Ardoino in an exclusive interview.
๐ Eight merchants at the almost 100-year-old market, a hub for both tradition and innovation, now let customers pay with Bitcoin, marking Bitcoin's growing acceptance in South London's Tooting Market.
๐ Keith Gill โ also known as "Roaring Kitty" โ has become a hero of the people, but he is also a menace to stable markets, with his actions surrounding GameStop.
๐ The real security challenge often lies not in the length of the seed phrase but in how users store and protect it, discussing whether 24-word Bitcoin seed phrases offer better security than 12 words.
๐ We know Trump has expressed dissatisfaction with SEC head Gary Gensler, but questions remain about his plans for the SEC should he return to the White House.
๐ Pantera believes the blockchain sector will converge around a few key networks and Solana's integrated approach is poised to capture a significant share of this consolidation, comparing Solana's potential dominance to Apple's success with macOS.
๐ Blockchain holds the key to feeding AI with verifiable information, and the Polkadot ecosystem is gearing up to make it happen in the data-driven future, exploring how blockchain technology can enhance AI by providing authentic information at scale.
#GoMining #NFT #MarketReview
๐ ETH's next hard fork is a bigger deal than you think, focusing on the upcoming Pectra upgrade that could significantly alter Ethereum's functionality.
๐ Tether's journey through challenges in 2022 demonstrates its stability compared to traditional banks, as explained by Tether CEO Paolo Ardoino in an exclusive interview.
๐ Eight merchants at the almost 100-year-old market, a hub for both tradition and innovation, now let customers pay with Bitcoin, marking Bitcoin's growing acceptance in South London's Tooting Market.
๐ Keith Gill โ also known as "Roaring Kitty" โ has become a hero of the people, but he is also a menace to stable markets, with his actions surrounding GameStop.
๐ The real security challenge often lies not in the length of the seed phrase but in how users store and protect it, discussing whether 24-word Bitcoin seed phrases offer better security than 12 words.
๐ We know Trump has expressed dissatisfaction with SEC head Gary Gensler, but questions remain about his plans for the SEC should he return to the White House.
๐ Pantera believes the blockchain sector will converge around a few key networks and Solana's integrated approach is poised to capture a significant share of this consolidation, comparing Solana's potential dominance to Apple's success with macOS.
๐ Blockchain holds the key to feeding AI with verifiable information, and the Polkadot ecosystem is gearing up to make it happen in the data-driven future, exploring how blockchain technology can enhance AI by providing authentic information at scale.
#GoMining #NFT #MarketReview
Crypto World Highlights for June 24th
-Market Movements and Predictions
Bitcoin's rally above $70,000 has stalled due to a significant sell-off by miners and ETF outflows, with on-chain data showing that BTC miners have sold approximately $2 billion worth of Bitcoin since June.
Bitcoin price is in a bullish recovery mode, with bears getting exhausted, a more imminent rally might be ahead for the coin.
Today we'll cover: Bitcoin is losing ground against the stock market, the Japanese yen is taking a dive against the U.S. dollar, and not all regions are equal when facing inflation.
Bitcoin faces a key weekly close as BTC price indicators keep bulls' hopes alive when it comes to new all-time highs.
-Security Incidents and Scams
A MakerDAO governance delegate fell victim to a sophisticated phishing attack, resulting in the loss of $11 million and led to a 7% drop in MKR's price.
Rapper 50 Cent informed his 32.8 million Instagram followers that hackers used his X account to carry out a multimillion-dollar memecoin rug pull.
The Turkish cryptocurrency exchange BtcTurk said on Saturday that a cyberattack affected the funds held in ten of its hot wallets, though the exchange claimed the vast majority of its crypto, which is stored in cold wallets, remains secure.
-Regulatory Actions and Investigations
Worldcoin - the crypto "proof of personhood" startup - has been given the green light to resume iris-scanning and other operations in Kenya after a year-long government probe over privacy concerns was dropped.
U.S. lawmakers have made a visit to Kuje Prison in Nigeria, where detained Binance executive Tigran Gambaryan is being held.
The watchdog said that criminal organizations are increasingly using crypto to conduct their illicit activity, especially in the fentanyl supply chains, but this also creates new "opportunities" for detection.
-Market Movements and Predictions
Bitcoin's rally above $70,000 has stalled due to a significant sell-off by miners and ETF outflows, with on-chain data showing that BTC miners have sold approximately $2 billion worth of Bitcoin since June.
Bitcoin price is in a bullish recovery mode, with bears getting exhausted, a more imminent rally might be ahead for the coin.
Today we'll cover: Bitcoin is losing ground against the stock market, the Japanese yen is taking a dive against the U.S. dollar, and not all regions are equal when facing inflation.
Bitcoin faces a key weekly close as BTC price indicators keep bulls' hopes alive when it comes to new all-time highs.
-Security Incidents and Scams
A MakerDAO governance delegate fell victim to a sophisticated phishing attack, resulting in the loss of $11 million and led to a 7% drop in MKR's price.
Rapper 50 Cent informed his 32.8 million Instagram followers that hackers used his X account to carry out a multimillion-dollar memecoin rug pull.
The Turkish cryptocurrency exchange BtcTurk said on Saturday that a cyberattack affected the funds held in ten of its hot wallets, though the exchange claimed the vast majority of its crypto, which is stored in cold wallets, remains secure.
-Regulatory Actions and Investigations
Worldcoin - the crypto "proof of personhood" startup - has been given the green light to resume iris-scanning and other operations in Kenya after a year-long government probe over privacy concerns was dropped.
U.S. lawmakers have made a visit to Kuje Prison in Nigeria, where detained Binance executive Tigran Gambaryan is being held.
The watchdog said that criminal organizations are increasingly using crypto to conduct their illicit activity, especially in the fentanyl supply chains, but this also creates new "opportunities" for detection.
๐ฒManual BTC reward withdrawals now available!๐
Hey there! ๐
Part of our mission is to provide you with greater flexibility and control over your Bitcoin rewards. Well, we're back with more opportunities!
๐Before
Your mining Bitcoin rewards could only be withdrawn through auto-withdrawal. This happened when you reached the minimum threshold of 10,000 satoshis set in the rewards settings and the service covered the transfer fee for auto-withdrawal.
Weโve made some changes! ๐๐ข
Manual Withdrawals
๐You can now manually withdraw your mining BTC rewards at any time with a fixed fee of 2,000 satoshis per transaction (depends on the blockchain you use).
๐The minimum withdrawal amount is 1,000 satoshis, so youโll need at least 3,000 satoshis in your wallet.
๐The manual withdrawal function will withdraw the entire BTC balance accumulated in your virtual balance and it is impossible to withdraw only a part of it.
Auto-Withdrawals
0๏ธโฃWeโre still keeping our auto-withdrawal option, offering you zero transfer fees and a minimum withdrawal threshold of 10,000 satoshis.
โ ๏ธImportant Security Note
Manual withdrawals offer flexibility, but small withdrawals might be seen as dust attacks by your wallets, which can compromise the safety of your funds. To avoid this, we recommend using an exchange wallet.
Read more about crypto dust in our ๐ article on Medium.
#GoMining #NFT #Updates
Hey there! ๐
Part of our mission is to provide you with greater flexibility and control over your Bitcoin rewards. Well, we're back with more opportunities!
๐Before
Your mining Bitcoin rewards could only be withdrawn through auto-withdrawal. This happened when you reached the minimum threshold of 10,000 satoshis set in the rewards settings and the service covered the transfer fee for auto-withdrawal.
Weโve made some changes! ๐๐ข
Manual Withdrawals
๐You can now manually withdraw your mining BTC rewards at any time with a fixed fee of 2,000 satoshis per transaction (depends on the blockchain you use).
๐The minimum withdrawal amount is 1,000 satoshis, so youโll need at least 3,000 satoshis in your wallet.
๐The manual withdrawal function will withdraw the entire BTC balance accumulated in your virtual balance and it is impossible to withdraw only a part of it.
Auto-Withdrawals
0๏ธโฃWeโre still keeping our auto-withdrawal option, offering you zero transfer fees and a minimum withdrawal threshold of 10,000 satoshis.
โ ๏ธImportant Security Note
Manual withdrawals offer flexibility, but small withdrawals might be seen as dust attacks by your wallets, which can compromise the safety of your funds. To avoid this, we recommend using an exchange wallet.
Read more about crypto dust in our ๐ article on Medium.
#GoMining #NFT #Updates
๐ #MiningTrends: Deutsche Telekom Ventures Into Bitcoin Mining
In a groundbreaking move, Deutsche Telekom, Europe's largest telecom provider and parent of T-Mobile, has announced its entry into the bitcoin mining industry. Revealed at the conference BTC Prague, Dirk Rรถder, head of Web3 infrastructure at Deutsche Telekom's subsidiary T-Systems MMS, shared the company's plans to not only mine Bitcoin but also innovate the process.
๐ With operations in over 50 countries, Deutsche Telekom's foray into bitcoin mining is expected to revolutionize the industry. This initiative aligns with the company's broader blockchain activities, including running nodes for Ethereum, Polygon, and Celo.
๐ก The company plans to address bitcoin mining's notorious energy consumption by optimizing energy use through a pilot program. This original approach will adjust mining operations based on energy availability, reducing activity during shortages and increasing it during surpluses.
๐ Deutsche Telekom is not alone in this venture. Other major corporations, such as the Chinese telecom company Coolpad Group, have also entered the mining arena, while asset manager BlackRock has become a significant shareholder in several bitcoin mining firms.
๐ For those interested in beginning their own mining journey, GoMining offers NFTs that allow you to mine Bitcoin effectively and sustainably. Discover more and start your mining journey at ๐ gomining.com
#GoMining #CryptoNews #BitcoinMining #Blockchain
In a groundbreaking move, Deutsche Telekom, Europe's largest telecom provider and parent of T-Mobile, has announced its entry into the bitcoin mining industry. Revealed at the conference BTC Prague, Dirk Rรถder, head of Web3 infrastructure at Deutsche Telekom's subsidiary T-Systems MMS, shared the company's plans to not only mine Bitcoin but also innovate the process.
๐ With operations in over 50 countries, Deutsche Telekom's foray into bitcoin mining is expected to revolutionize the industry. This initiative aligns with the company's broader blockchain activities, including running nodes for Ethereum, Polygon, and Celo.
๐ก The company plans to address bitcoin mining's notorious energy consumption by optimizing energy use through a pilot program. This original approach will adjust mining operations based on energy availability, reducing activity during shortages and increasing it during surpluses.
๐ Deutsche Telekom is not alone in this venture. Other major corporations, such as the Chinese telecom company Coolpad Group, have also entered the mining arena, while asset manager BlackRock has become a significant shareholder in several bitcoin mining firms.
๐ For those interested in beginning their own mining journey, GoMining offers NFTs that allow you to mine Bitcoin effectively and sustainably. Discover more and start your mining journey at ๐ gomining.com
#GoMining #CryptoNews #BitcoinMining #Blockchain
๐ A hearty congratulations to Danzinon, the newest winner in our weekly raffle!
๐ You've secured exclusive access to our premium GoMiners Avatars, designed to elevate your mining setup to new heights. These top-tier avatars will boost your performance and efficiency.
๐ Want to enhance your mining potential? Hereโs how to participate in the raffle:
1) If you haven't yet acquired an NFT, now is the ideal time to start;
2) Upgrade your digital miner with at least $10 to boost both its power and efficiency.
๐ก Each $10 investment in upgrades not only optimizes your mining performance but also increases your chances of winning. This week's winner, Danzinon, had a winning probability of 1.52%.
๐ Mark your calendars: The next draw will conclude on July 2nd. Keep upgrading your setup to improve your chances of winning.
๐ Good luck to everyone in the next draw!
#GoMining #NFT #WeeklyRaffle
๐ You've secured exclusive access to our premium GoMiners Avatars, designed to elevate your mining setup to new heights. These top-tier avatars will boost your performance and efficiency.
๐ Want to enhance your mining potential? Hereโs how to participate in the raffle:
1) If you haven't yet acquired an NFT, now is the ideal time to start;
2) Upgrade your digital miner with at least $10 to boost both its power and efficiency.
๐ก Each $10 investment in upgrades not only optimizes your mining performance but also increases your chances of winning. This week's winner, Danzinon, had a winning probability of 1.52%.
๐ Mark your calendars: The next draw will conclude on July 2nd. Keep upgrading your setup to improve your chances of winning.
๐ Good luck to everyone in the next draw!
#GoMining #NFT #WeeklyRaffle
๐ Concluding the 44th Burn & Mint Cycle!
๐ฅ 2,368,634 GOMINING tokens were burned;
๐จ 1,965,966 GOMINING tokens have since been minted.
They were allocated as follows:
โก๏ธ 1,277,878 to the Service Provider;
๐ 393,193 to the owners of veGOMINING votes;
๐ช 196,597 to GoMining Rewards;
๐ฅ 98,298 to the GoMining team.
The voting results for the 45th cycle are:
๐ Extra Solo mining discount is 2.53%;
๐ Pool mining multiplier is 1.01ั ;
๐ The Greedy Machines power has increased by 0.14% for each NFT sold from this collection.
๐ Unlock Your Weekly Benefits!
Ensure your GOMINING tokens are locked on the veGOMINING - My Lock page to begin receiving regular rewards.
๐ค Maximize Your Savings:
Use your GOMINING tokens for NFT maintenance to get a 10% discount on electricity costs and boost your weekly rewards!
Find out how to take advantage of these benefits here ๐ https://help.nft.gomining.com/instructions/how-to-get-a-maintenance-discount
#GoMining #NFT #BurnMint
๐ฅ 2,368,634 GOMINING tokens were burned;
๐จ 1,965,966 GOMINING tokens have since been minted.
They were allocated as follows:
โก๏ธ 1,277,878 to the Service Provider;
๐ 393,193 to the owners of veGOMINING votes;
๐ช 196,597 to GoMining Rewards;
๐ฅ 98,298 to the GoMining team.
The voting results for the 45th cycle are:
๐ Extra Solo mining discount is 2.53%;
๐ Pool mining multiplier is 1.01ั ;
๐ The Greedy Machines power has increased by 0.14% for each NFT sold from this collection.
๐ Unlock Your Weekly Benefits!
Ensure your GOMINING tokens are locked on the veGOMINING - My Lock page to begin receiving regular rewards.
๐ค Maximize Your Savings:
Use your GOMINING tokens for NFT maintenance to get a 10% discount on electricity costs and boost your weekly rewards!
Find out how to take advantage of these benefits here ๐ https://help.nft.gomining.com/instructions/how-to-get-a-maintenance-discount
#GoMining #NFT #BurnMint
Crypto World Highlights for June 25th
-Market Trends and Predictions
At least one analyst believes fewer coins will be distributed than is commonly thought from the Mt. Gox settlement, which could mean less selling pressure on Bitcoin than expected.
Bitcoin supply in profit metric reveals a sharp post-halving decline, indicating potential adjustments in market sentiment.
A handful of Bitcoin analysts now believe BTC price is headed below $50,000, exploring why a further drop might precede a parabolic run.
CoinShares analyst James Butterfill said a โtrue correctionโ was now underway amid significant outflows from U.S. spot Bitcoin ETFs last week.
-Institutional and Legal Developments
Defunct Bitcoin exchange Mt. Gox announced it will finally begin distributing assets stolen in its 2014 hack to victims starting in July 2024.
Riot Platforms said it is abandoning its Bitfarms acquisition bid until a new board is constituted, calling for a shareholder meeting to oust Bitfarms' founder from the board.
-Market Manipulations and Challenges
$58 billion in token unlocks is impacting altcoin prices, sparking potential bear market concerns with significant market dynamics influenced by major token releases.
One formula indicates that up to 78% of new token listings since April 2024 have been conducted badly, raising concerns about market manipulation in crypto listings.
-Sector Interest and Growth
The Bitcoin Mining sector is attracting growing investor interest, especially following the Core Scientific deal, with companies like Iris Energy well-positioned to take advantage of high-performance computing and AI opportunities.
-Political and Promotional Events
Former President Donald Trump is in talks to speak at crypto conference Bitcoin 2024, according to Axios, which could coincide with his debate with President Joe Biden, where crypto could be discussed.
#GoMining #MarketNews
-Market Trends and Predictions
At least one analyst believes fewer coins will be distributed than is commonly thought from the Mt. Gox settlement, which could mean less selling pressure on Bitcoin than expected.
Bitcoin supply in profit metric reveals a sharp post-halving decline, indicating potential adjustments in market sentiment.
A handful of Bitcoin analysts now believe BTC price is headed below $50,000, exploring why a further drop might precede a parabolic run.
CoinShares analyst James Butterfill said a โtrue correctionโ was now underway amid significant outflows from U.S. spot Bitcoin ETFs last week.
-Institutional and Legal Developments
Defunct Bitcoin exchange Mt. Gox announced it will finally begin distributing assets stolen in its 2014 hack to victims starting in July 2024.
Riot Platforms said it is abandoning its Bitfarms acquisition bid until a new board is constituted, calling for a shareholder meeting to oust Bitfarms' founder from the board.
-Market Manipulations and Challenges
$58 billion in token unlocks is impacting altcoin prices, sparking potential bear market concerns with significant market dynamics influenced by major token releases.
One formula indicates that up to 78% of new token listings since April 2024 have been conducted badly, raising concerns about market manipulation in crypto listings.
-Sector Interest and Growth
The Bitcoin Mining sector is attracting growing investor interest, especially following the Core Scientific deal, with companies like Iris Energy well-positioned to take advantage of high-performance computing and AI opportunities.
-Political and Promotional Events
Former President Donald Trump is in talks to speak at crypto conference Bitcoin 2024, according to Axios, which could coincide with his debate with President Joe Biden, where crypto could be discussed.
#GoMining #MarketNews
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Crypto World Highlights for June 26th
-Market Volatility and Sentiment
BTC's dominance tanked Monday as news of Mt. Gox repayments bolstered concerns of supply overhang entering the market, marking the most significant drop in five months.
Market sentiment turns cautious as the Fear and Greed Index falls to 30, the lowest since January 2023, amid ongoing market volatility.
BTCโs price recovers from seven-week lows, but its rebound runs into the headwinds of a strong US dollar.
-Institutional Adoption and Payments Integration
Nu's 100 million customers will now be able to transact using the Bitcoin Lightning Network, marking a significant step for Latin America's largest fintech bank.
The German government transferred millions in seized Bitcoin to exchanges Kraken and Coinbase, which could signal plans to sell and potentially pressure Bitcoin prices downward.
Rep. Matt Gaetz introduces a bill requiring the IRS to accept bitcoin as payment for federal income taxes, indicating a push towards modernizing the tax system.
-Regulatory Developments and Legal Proceedings
SEC Chair Gary Gensler said the process for launching a spot Ethereum ETF is โgoing smoothlyโ, though he remained non-committal on the timing.
Expected to plead guilty to conspiring to disclose classified US documents, Julian Assange's release marks a potential end to his prolonged legal battle.
-Exchange Dynamics and Financial Instruments
Bybit strengthens its position in the derivatives market amid Binance's regulatory hurdles, surpassing Coinbase to become the second-largest crypto exchange by volume.
Roughly $1.1 billion has left US spot funds since June 13 as BTC price is down more than 10% in the past month, marking the seventh straight day of outflows and tying a record.
-Market Concerns and Speculations
The defunct crypto exchangeโs trustees said Monday they are preparing to start distributing bitcoin (BTC) stolen from clients in a 2014 hack in the first week of July, but traders say redemption fears are 'overblown'.
#GoMining #MarketNews
-Market Volatility and Sentiment
BTC's dominance tanked Monday as news of Mt. Gox repayments bolstered concerns of supply overhang entering the market, marking the most significant drop in five months.
Market sentiment turns cautious as the Fear and Greed Index falls to 30, the lowest since January 2023, amid ongoing market volatility.
BTCโs price recovers from seven-week lows, but its rebound runs into the headwinds of a strong US dollar.
-Institutional Adoption and Payments Integration
Nu's 100 million customers will now be able to transact using the Bitcoin Lightning Network, marking a significant step for Latin America's largest fintech bank.
The German government transferred millions in seized Bitcoin to exchanges Kraken and Coinbase, which could signal plans to sell and potentially pressure Bitcoin prices downward.
Rep. Matt Gaetz introduces a bill requiring the IRS to accept bitcoin as payment for federal income taxes, indicating a push towards modernizing the tax system.
-Regulatory Developments and Legal Proceedings
SEC Chair Gary Gensler said the process for launching a spot Ethereum ETF is โgoing smoothlyโ, though he remained non-committal on the timing.
Expected to plead guilty to conspiring to disclose classified US documents, Julian Assange's release marks a potential end to his prolonged legal battle.
-Exchange Dynamics and Financial Instruments
Bybit strengthens its position in the derivatives market amid Binance's regulatory hurdles, surpassing Coinbase to become the second-largest crypto exchange by volume.
Roughly $1.1 billion has left US spot funds since June 13 as BTC price is down more than 10% in the past month, marking the seventh straight day of outflows and tying a record.
-Market Concerns and Speculations
The defunct crypto exchangeโs trustees said Monday they are preparing to start distributing bitcoin (BTC) stolen from clients in a 2014 hack in the first week of July, but traders say redemption fears are 'overblown'.
#GoMining #MarketNews
Forwarded from GoMining News
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๐ GoMining Academy: Debunking Bitcoin Myths Part 2
Continuing our journey to dispel common myths about Bitcoin, let's dive into three more misconceptions and set the record straight.
๐ Myth 4: Bitcoin Lacks Real Value
Some argue that Bitcoin has no intrinsic value, seeing it as purely speculative. However, Bitcoinโs value comes from its decentralized nature, borderless functionality, limited supply, and resistance to censorship. These characteristics make it a valuable asset and potential store of value, increasingly recognized by both individuals and institutions.
๐ Myth 5: Bitcoin Is Only for Wealthy Investors
There is a belief that Bitcoin investment requires large sums of money, deterring average investors. In truth, Bitcoin is highly divisible, allowing people to buy even small fractions. This makes it accessible to investors of all budgets, with user-friendly exchanges simplifying the process.
๐ Myth 6: Bitcoin Is Just a Fad
Some think Bitcoin is a temporary trend driven by hype. However, its longevity of over a decade and increasing institutional adoption suggest otherwise. The continuous development of blockchain technology and integration into traditional finance indicate that Bitcoin has long-term staying power.
We'll continue debunking more myths in future posts. Let us know in the comments which other Bitcoin myths youโd like us to address next!
#GoMiningAcademy #Bitcoin
Continuing our journey to dispel common myths about Bitcoin, let's dive into three more misconceptions and set the record straight.
๐ Myth 4: Bitcoin Lacks Real Value
Some argue that Bitcoin has no intrinsic value, seeing it as purely speculative. However, Bitcoinโs value comes from its decentralized nature, borderless functionality, limited supply, and resistance to censorship. These characteristics make it a valuable asset and potential store of value, increasingly recognized by both individuals and institutions.
๐ Myth 5: Bitcoin Is Only for Wealthy Investors
There is a belief that Bitcoin investment requires large sums of money, deterring average investors. In truth, Bitcoin is highly divisible, allowing people to buy even small fractions. This makes it accessible to investors of all budgets, with user-friendly exchanges simplifying the process.
๐ Myth 6: Bitcoin Is Just a Fad
Some think Bitcoin is a temporary trend driven by hype. However, its longevity of over a decade and increasing institutional adoption suggest otherwise. The continuous development of blockchain technology and integration into traditional finance indicate that Bitcoin has long-term staying power.
We'll continue debunking more myths in future posts. Let us know in the comments which other Bitcoin myths youโd like us to address next!
#GoMiningAcademy #Bitcoin
Crypto World Highlights for June 27th
-Market Volatility and Corrections
As Friday's quarterly options expiry approaches, Bitcoin derivatives brace for heightened volatility, driven by the phenomenon of a "quadruple witching."
Bitcoin's latest correction highlights cyclic market health adjustments, enduring its sixth major correction since the FTX collapse, dropping nearly 20%.
-Regulatory Movements and ETF Developments
The SEC may approve spot Ethereum ETFs by July 4, according to Reuters, with BlackRock, Fidelity, and Franklin Templeton among the asset managers involved.
The EU's stablecoin activity could be adversely affected by the upcoming MiCA rules, which becomes partially applicable for crypto asset service providers at the end of this month.
-Significant Transactions and Crypto Usage
The U.S. government moved nearly 4,000 BTC worth $240 million to an exchange, reportedly part of the funds seized from drug trafficker Banmeet Singh.
A Bitcoiner has helped Julian Assange return home debt-free after 14 years of fighting against U.S. extradition, by paying $500K in BTC.
Yusef Mahmoud has been using Bitcoin to collect donations for civilians trapped in Gaza, demonstrating a practical use of Bitcoin in crisis situations.
-Security and Cyber Threats
Metallica's official X account was hacked, and exploiters posted about a Solana token dubbed METAL, highlighting security vulnerabilities in social media accounts.
No downtime was observed as a Cardano developer managed to thwart a DDoS attack targeting staked ADA, showcasing the resilience of Cardano's network.
-Cryptocurrency in the Global Spotlight
The U.S. State Department is offering a new $5M reward for information leading to the capture of the missing "Cryptoqueen," OneCoin founder Ruja Ignatova, who disappeared in 2017.
Worldcoin is teaming up with Alchemy to launch World Chain, aiming to integrate advanced blockchain infrastructure and expand into Europe with World ID orb verifications.
#GoMining #MarketNews
-Market Volatility and Corrections
As Friday's quarterly options expiry approaches, Bitcoin derivatives brace for heightened volatility, driven by the phenomenon of a "quadruple witching."
Bitcoin's latest correction highlights cyclic market health adjustments, enduring its sixth major correction since the FTX collapse, dropping nearly 20%.
-Regulatory Movements and ETF Developments
The SEC may approve spot Ethereum ETFs by July 4, according to Reuters, with BlackRock, Fidelity, and Franklin Templeton among the asset managers involved.
The EU's stablecoin activity could be adversely affected by the upcoming MiCA rules, which becomes partially applicable for crypto asset service providers at the end of this month.
-Significant Transactions and Crypto Usage
The U.S. government moved nearly 4,000 BTC worth $240 million to an exchange, reportedly part of the funds seized from drug trafficker Banmeet Singh.
A Bitcoiner has helped Julian Assange return home debt-free after 14 years of fighting against U.S. extradition, by paying $500K in BTC.
Yusef Mahmoud has been using Bitcoin to collect donations for civilians trapped in Gaza, demonstrating a practical use of Bitcoin in crisis situations.
-Security and Cyber Threats
Metallica's official X account was hacked, and exploiters posted about a Solana token dubbed METAL, highlighting security vulnerabilities in social media accounts.
No downtime was observed as a Cardano developer managed to thwart a DDoS attack targeting staked ADA, showcasing the resilience of Cardano's network.
-Cryptocurrency in the Global Spotlight
The U.S. State Department is offering a new $5M reward for information leading to the capture of the missing "Cryptoqueen," OneCoin founder Ruja Ignatova, who disappeared in 2017.
Worldcoin is teaming up with Alchemy to launch World Chain, aiming to integrate advanced blockchain infrastructure and expand into Europe with World ID orb verifications.
#GoMining #MarketNews