Bitcoin price has been falling for three consecutive days and has reached the $20,000 threshold. Bitcoin, which is currently at the price of $ 20,100, continues to cause uneasiness for investors. BTC's price is more than a third below its all-time high of $69,000 in November last year.Consumer confidence in the economy has dropped to its lowest level in nearly a decade, the U.S. Reconciliation Office's durable goods report said. Geopolitical unrest, rising inflation, and fears of a recession are making investors anxious. The University of Michigan's consumer sentiment index also fell to an all-time low last week. <h2>Electricity Consumption Decreased 38% in Bitcoin Mining Industry</h2> The electricity consumption of Bitcoin mining companies has decreased significantly along with the crypto bear market. In Digiconomist's release of Energy Consumption Indices for Bitcoin and Ethereum, it appears that Bitcoin miners' electricity consumption has dropped 38% in two weeks. BTC's energy use fell from 205 TWh on 11 June to 132 TWh on 23 June. Bitcoin's energy use is still on par with Argentina's.A single BTC transaction currently consumes around 1500 kWh of energy. This is equivalent to almost 50 days of energy use by the average US household.Ethereum energy consumption, on the other hand, fell from 91.45 TWh on June 1 to 47.73 TWh on June 23. The current energy consumption of Ethereum is equivalent to that of Hong Kong. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656569355/f30s9oaiwym5asifcaeo.png"> <h2>Michael Saylor Has Good Advice For His Followers</h2> MicroStrategy CEO Michael Saylor offers advice to crypto investors in the process of surviving a bear market. With 1300,00 BTC, Saylor is trying to tell his followers to calmly keep increasing their earnings without worrying about the market structure. Saylor, who doesn't seem worried about buying Bitcoin at an expensive price and holding it with a loss of $1.2 billion, may be profitable again when the BTC price rises above $30,000. MicroStrategy last bought BTC on April 5th. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656569359/x48ayba6ghxjb92jmejc.png"> <h2>Ripple Co-Founder Sold Almost All His XRP</h2> Ripple co-founder Jed McCaleb's wallet, known as the tacostand, will empty in about a month. McCaleb's wallet currently has around 96 million XRP left, and at the current sales rate, it's between 23 and 27 days before the account is empty.Since the beginning of the year, McCaleb has sold more than 500 million XRP on the market. Jed McCaleb, who left Ripple in 2014, made a deal with the company to prevent a large, sudden sale of XRP. McCaleb will soon sell all of his XRP as the deal does not limit how many tokens McCaleb can sell after the seventh year. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656569365/zad7lm21gleibqjkktz9.png"><h2> </h2><h2>Whales Keep Accumulating Bitcoin</h2> Glassnode announced that the number of wallets holding at least 10,000 BTC has increased to 100. The current value of 10,000 BTC is just over $200 million. The number of wallets holding 10 to 10,000 BTC has been growing rapidly over the past few weeks. Whales are actively buying Bitcoin and storing it in their cold wallets. The number of addresses holding at least 10,000 BTC has been increasing continuously and rapidly since February of this year. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656569367/r01hsi0nba6ujsnxvgob.png"><h2> </h2><h2>XRPL Wallet Solution Xumm Pro Beta Test Launched</h2> XRPL Labs has launched the long-awaited beta testing of XRPL's main wallet solution. The edition is available with a paid subscription purchased with XRP. The full functionality of Xumm Pro will not be available until beta testing ends.Among the innovations of Xumm Wallet Pro Beta is the ability to split funds into two accounts for spending and savings. Every Xumm Wallet user will have the opportunity to request a free Tangem card, a type of cold wallet for storing cryptocurrencies. The wallet will also have the ability to purchase XRP with Euro. To use the wallet, you must first go through a KYC verification procedure. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656569370/qc3ifrbgkramjlpb4mlg.png"><h2> </h2><h2>Sam Bankman-Fried Thinks Some Crypto Exchanges Are Secretly Going Bankrupt</h2> FTX founder and CEO Sam Bankman-Fried think that many crypto companies have secretly gone bankrupt. Speaking in an interview with Forbes, SBF said that FTX recently bailed out another crypto exchange, BlockFi, from a liquidity crunch. The exchange also helped Voyager Digital with $500 million in funding. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656569372/rrjbjdfp9yg9oivnfej2.png"><h2> </h2><h2>Snoop Dogg and Eminem Release Music Video with Bored Apes</h2> Rappers Snoop Dogg and Eminem teamed up to present a new soundtrack featuring Bored Ape Yacht Club characters and visuals between real life and the metaverse. The song "From The D 2 The LBC" was released on YouTube 5 days ago and received 12 million views. After the premiere of the song's video, the price of ApeCoin, the native token of the BAYC ecosystem, also increased. ApeCoin, whose price has increased by 8.2% in the last 7 days, is currently trading at $4.74. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656569377/wq06upmncnclvzxg5knp.png"><h2> </h2><h2>Albania Brings Taxation on Cryptocurrencies</h2> The Albanian government plans to introduce taxation on income from investments in cryptocurrencies from 2023. The government has prepared the appropriate amendments for the legislation, and according to the proposed amendments, virtual assets are defined as "a digital representation of value that can be deposited, sold or transferred digitally and used as a means of payment, investment or exchange". CBDCs are not included in this category.Albanian authorities propose to define mining as an activity that uses computing power to confirm transactions and receive virtual assets in return. Any income generated as a result of entrepreneurial activity will be classified as business income and will be subject to 15% tax. Tomorrow (30 June) the European Commission, European Parliament and EU Council will hold a final meeting on the bill on the regulation of cryptocurrencies. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656569380/oxcjzczioe7dszuym6xy.png"> <blockquote>You can read previous newsletters from the links below.</blockquote><blockquote><a href="https://coinhunt.cc/news/the-pulse-of-the-market-is-here-coinhunt-newsletter-15" rel="noopener noreferrer" target="_blank">The Pulse of the Market is Here Coinhunt Newsletter-15</a></blockquote><blockquote><a href="https://coinhunt.cc/news/the-pulse-of-the-market-is-here-coinhunt-newsletter-14" rel="noopener noreferrer" target="_blank">The Pulse of the Market is Here Coinhunt Newsletter-14</a></blockquote><blockquote><a href="https://coinhunt.cc/news/the-pulse-of-the-market-is-here-coinhunt-newsletter-13" rel="noopener noreferrer" target="_blank">The Pulse of the Market is Here Coinhunt Newsletter-13</a></blockquote><blockquote><a href="https://coinhunt.cc/news/the-pulse-of-the-market-is-here-coinhunt-newsletter-12" rel="noopener noreferrer" target="_blank">The Pulse of the Market is Here Coinhunt Newsletter- 12</a></blockquote><blockquote><a href="https://coinhunt.cc/news/the-pulse-of-the-market-is-here-coinhunt-newsletter-11" rel="noopener noreferrer" target="_blank">The Pulse of the Market is Here Coinhunt Newsletter-11</a></blockquote>

The Pulse of the Market is Here Coinhunt Newsletter-16

Gnosis (GNO) is a prediction market dApp built on the Ethereum blockchain. Offering a complete infrastructure layer and developer tools for building your own prediction market application rather than just building a prediction market, Gnosis can be used to build a prediction market about any probability.Gnosis enables individuals and companies to predict future events with insights from data science and capital markets. The platform also offers users the Dutch Exchange platform and a multi-signature wallet.Gnosis's prediction market relies on user predictions to gather information about future events. Users in the market, exchange tokens that represent the outcome of a particular event. Since some predictions are more likely to come true than others, the values ​​of the tokens used in these predictions differ from each other in the open market. Some token outcomes may be more likely to materialize as events and public opinion change over time. This increases the price of these tokens. When the event occurs, tokens that represent the correct result will have full value, while other tokens will have no value. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656402518/cclj3jfpppeayaxau2oy.png"> <h2>Layers of Gnosis</h2> The Gnosis platform has several layers. The Gnosis Core layer provides the underlying smart contracts for using the platform. Event contracts, outcome token generation and market mechanisms are simplified with the help of these smart contracts. In the always open and free layer, only the result token creation is paid. It is only necessary to pay gas fees to create new markets.Gnosis Service layer uses a trade fee model that provides additional services on top of Gnosis Core. Optimization tools like chatbots and stablecoins are essential for most consumer apps built on Gnosis. While some applications and participants will interact with Gnosis at the core level, most applications generally also use the service layer.The other layer is the Gnosis Applications layer. These applications primarily target a specific prediction market use case or customer segment. Some of the applications here are created by Gnosis, while other applications are created by third-party developers. Gnosis's goal is to have a wide variety of prediction market applications built on the same liquidity pool. As the variety of applications increases, alternative business models such as advertising, market-making, information sales and similar will be used. <h2>GNO Token</h2> The GNO token, an ERC20 token, was launched on April 24, 2017. The total GNO supply is fixed at 10 million GNO. At least two result tokens must be created for each event contract. Each time a result token is generated, Gnosis is paid a fee for using the platform. For example, "Which country is next to accept Bitcoin as a legal tender?", for a prediction market that asks the question, the outcome tokens could be Paraguay, Venezuela, Anguilla, Ukraine, United States and Other. Platform fees can be paid in OWL, which is equivalent to one USD. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656402520/wdix4s2y6m06wxozommj.png"><h2> </h2><h2>Gnosis X</h2> Gnosis X is a competition designed to encourage developers to build dApps on Gnosis. The competition where the developers compete is repeated during certain date intervals. Different categories for dApps will be given by the Gnosis team and participants will have three months to develop their best practices. In competitions, which can be entered as a team or individually, applications will be evaluated by a jury of Gnosis team members, business experts and blockchain experts.Developed dApps should try to have a clear added value and gather information. DApps with an attractive user interface and easy to use will be one step ahead. Developers of the winning dApp will be rewarded with $100,000 worth of GNO tokens. 40% of the reward will be distributed immediately and the remaining 60% within 6 months of reaching certain milestones. Special developer support is provided by Gnosis to the developers participating in the competition. Anyone interested in building a dApp on Gnosis can join the Development Incentive Program. Some of the projects that have received support from Gnosis are Alice, Corb, and Dorg. <h2>Gnosis Y</h2> Gnosis Y is an open-ended, ongoing developer training organization. Focusing on fundamental questions about prediction market applications and blockchain technology, Gnosis Y aims to support the community that creates and promotes decentralized prediction markets. According to the Gnosis team, with incentives such as Gnosis X and Gnosis Y, the Gnosis platform has had the most reliable price predictions in the prediction markets. You may also be interested in our article below.<a href="https://coinhunt.cc/news/ethereum-difficulty-bomb-and-why-is-it-delayed-for-2-months" rel="noopener noreferrer" target="_blank">Ethereum Difficulty Bomb And Why Is It Delayed For 2 Months</a>

What is the Gnosis (GNO) Prediction Market?

Portfolio trackers will come in handy if you're an NFT investor with an infinite number of JPEGs or a DeFi degen with 100 MetaMask accounts. More than a dozen blockchain networks have experienced a surge of initiatives based on decentralized finance (DeFi) and non fungible tokens (NFT) in recent years, propelling the cryptocurrency ecosystem to new heights.&nbsp;Portfolio trackers have been a popular choice for traders who need to maintain a broad multichain portfolio as a result of the fast-expanding ecosystem.&nbsp;Investors in cryptocurrencies may keep track of their holdings using a number of different DApps, or decentralized apps. <h2>NFTBank</h2> NFTBank - it's a free-to-use portfolio tracker meant to assist customers to manage their NFT assets by offering a number of tools for monitoring and analysis. It's easy to see how much money you've made and lost with the linked wallet's <a href="https://edition.cnn.com/2021/03/17/business/what-is-nft-meaning-fe-series/index.html" rel="noopener noreferrer" target="_blank">NFTs</a> thanks to the dashboard's concise breakdown of total income, total expenditure, return on investment, and currently held inventory value.&nbsp;In addition to that, there is also a simplified calendar that shows the most active days of the year for the wallet or group of wallets in question, as well as the opportunity to post a snapshot of the portfolio's progress on social media.&nbsp;More than 1,200 collections may be searched to get the "best bargain of the day," which is broken down into projected price, floor, listing, and rarity rank. An overpriced/underpriced rating is also provided.&nbsp;Trackers that are similar to NFTBank's portfolio tracker include DappRadar's, ArtCentral's, and Value's <h2>Zapper</h2> Cryptocurrencies kept on 11 different networks may be managed using Zapper's basic features.&nbsp;There is a breakdown of the value of assets stored on each of the supported networks on the homepage's main page.&nbsp;In addition to simple token swaps, users may also utilize the bridging functionality to move assets across the supported chains through the Uniswap, Pangolin, and QuickSwap decentralized exchanges.&nbsp;Customers may also deposit assets to Zapper-integrated pools like SushiSwap, PancakeSwap, and Curve. <h2>Rarity.Tools</h2> Collectors and artists in the generative art field love Rarity. Tools, another site that gathers up-to-the-minute data on all of the NFT artworks and collectibles.&nbsp;Ranks NFT artworks by their rarity and prefers new projects over established ones. In contrast to other tools that are generally organized as charts and lists, this one has a beautiful appearance on the landing page and is built as an art-featured market.&nbsp;Additionally, the free version's list of NFTs is sorted by their distinctive qualities, market volume, and selling prices. Clicking on an NFT brings up further information and pricing charts for that currency. Rarity has a unique characteristic. New projects may be listed for 2ETH with a few simple steps.&nbsp;If you're looking for forthcoming NFT projects, Rarity.tools can help you find them before they go on sale to the public or are minted. <h2>Traitsniper</h2> Traitsniper is a less-known website that can be used to find out about new NFT projects before they go public. It focuses on analyzing existing and forthcoming projects and sniffing NFT information for a <a href="https://www.forbes.com/sites/robertfarrington/2021/04/13/nfts-solid-investment-or-future-beanie-babies/" rel="noopener noreferrer" target="_blank">solid investment possibility</a> based on their rarity score, with minimum features. Traitsniper analyzes new initiatives to determine their rarity. A bot can do this analysis in under two minutes and with an accuracy rate of above 95%.&nbsp;Users of the subscription edition, for example, are immediately notified of newly disclosed collections and their rarity score, whilst those using the free version must wait an hour after the NFT reveal before learning this information. On the platform's Discord, users may learn more about how to pay 0.15 ETH weekly and 0.5 ETH monthly, as well as the platform's rules for signing up for a subscription. <h2>Etherscan Token Tracker</h2> There are many features that make Etherscan stand out, including its ability to operate as a token tracker for any Ethereum-based coins, as well as access to all ERC-721 token contracts. More than 21,000 ERC-721 tokens have been scanned by EtherScan, which is the standard for Ethereum's virtual currency. <h2>Icy.Tools</h2> NFTs may be tracked using Icy.Tools, a simple tool. Beginners love it because it has a simple, clear interface that is ideal for doing a rapid market survey. You may see a list of recent transactions, as well as projects listed by volume and price, on the site&nbsp;It is also worth mentioning that collections may be searched for balances and transaction histories can be seen. The premium edition, on the other hand, offers a wider range of options. <h2>Moby</h2> Unknown yet effective, Moby provides NFT feeds and data that are updated in near real-time. Investors may benefit from its data by having a shorter window period interval of 10 minutes, 60 minutes, 24 hours, and more to monitor assets and make quicker judgments on new developments.&nbsp;Only those who pay 0.1ETH for six months may see data charts on Moby, one of the greatest NFT monitoring tools. A list of NFT collectibles may be seen on the website, but the rankings and live broadcasts are unavailable.&nbsp;

What Are Some Of The Most Used Trackers For NFT And DeFi Investors?

Tether, a stablecoin backed by the yuan, has been the target of a crackdown by the Chinese central bank. The bank has stated that the sites are put up outside of China and use the USDT to bypass China's rigorous capital controls.&nbsp;A WeChat blog post by the People's Bank of China (PBoC) outlined the bank's recent efforts to combat China's unlawful online gambling market. The bank has been supporting local authorities in tracking down the influx of money into these gaming sites in conjunction with the bank. The regulator stated that tethering is one of the most common tactics used by gamers. When the PBoC's Huizhou City branch discovered a cross-border online gambling enterprise using USDT to transfer payments, it went into detail. Local officials tracked out 77 people and shut down three gambling sites as a result of their investigations. In addition, they were able to recover $17.9 million in stolen property.&nbsp;"Multiple layers" were used by the operators to hide the USDT's passage, according to the watchdog. Another time, the bank's actions led to the closure of a gambling site that was purportedly processing $390 million. The bank issued a warning to the public against internet gaming. Cross-border gambling cash movement is unlawful in its core. Both the outflow of betting money and the repatriation of <a href="https://sherloc.unodc.org/cld/en/legislation/pse/_illegal_gains_law_no._1_of_2005/articles_25-30/illegal_gains_law.html?" rel="noopener noreferrer" target="_blank">unlawful gains</a> have the same goal in mind: hiding the source and nature of the illegal earnings. Despite the fact that it has been illegal in China for more than seven decades, online gambling is nevertheless a major source of concern for the authorities.&nbsp;According to a report by the Japanese news site Coinpost, China's e-gambling industry loses $150 billion a year to foreign competition. The site cited a Chinese Ministry of Public Security official to assert that digital currencies are used to transmit a significant portion of these funds. In order to combat digital currency fraud in China, the People's Bank of China (PBoC) has implemented a recent USDT crackdown. The bank has been cracking down on OTC marketplaces recently in this area. OTC platforms, as shown <a href="https://bitcoincasinosreviews.com/" rel="noopener noreferrer" target="_blank">here</a>, play a major role in the purchase of digital currencies by Chinese nationals, because digital currency exchanges are outlawed. The Asian country's authorities have started holding OTC traders and platform owners to help with investigations, as CoinGeek revealed in early 2020.&nbsp;According to the authorities, the traders have helped them with their investigations into digital currency money laundering. Prominent Chinese trader and Bitfinex investor Zhao Dong was among those detained by Chinese authorities. <h2>China And Cryptocurrencies</h2> Chinese officials originally declared war on cryptocurrencies in 2013, warning that they would eventually enter the banking system. The People's Bank of China said on December 5, 2023, that banks are prohibited from facilitating transactions linked to cryptocurrencies. Officials in China have said that <a href="https://digichina.stanford.edu/work/lets-start-with-what-chinas-digital-currency-is-not/#:~:text=What%20is%20the%20e%2DCNY,commonly%20today%2C%20e%2DCNY." rel="noopener noreferrer" target="_blank">virtual currency</a> is a commodity and does not have any legal control from the government, according to a statement. There is no nation-state behind cryptocurrencies, and this was a major factor in the ban on bitcoin. It is also possible to launder funds using these shops.&nbsp;Look at stablecoins if you're looking to invest in crypto trading. China's central bank researched cryptocurrencies in an effort to prevent money from flowing out of the nation illegally. Cryptocurrency exchanges involved in FX management and anti-money laundering were the focus of the inquiry, which began in January 2017. As of September 4, 2017, initial coin offers (ICOs) in China were completely outlawed. These initial coin offerings (ICOs) were crucial since the company relied on them heavily when starting out to raise capital. These tokens may be sold by businesses to generate money by producing and releasing them on the market themselves.&nbsp;Cryptocurrency mining has been deemed a highly desired industrial sector activity by the country's national development and reform commission in 2019. Furthermore, cryptocurrency mining activities must be strictly regulated in order to avoid conflict with local authorities. As a result, bitcoin mining is seen as a computer-intensive operation that also has a negative impact on the environment. In 2021, China had an issue with the business, and in May of that year, the nation prohibited cryptocurrency mining and trade.&nbsp;There were concerns that cryptocurrencies may threaten the stability of the country's financial system, according to the reports. As stated by the State Council, everyone interested in getting into cryptocurrency mining would get a significant quantity of energy, but at a very high cost. The profitability of any cryptocurrency mining enterprise will be reduced, and so, mining activities will go up and down as a result. Bitcoin miners were subject to onerous laws and restrictions, as well as severe fines. In addition, they impose steep fines on anybody found dealing in cryptocurrency, particularly Bitcoin (BTC). It resulted in a full banning of bitcoin mining and trading activity inside China's borders.&nbsp;On January 4th, 2022, China unveiled its experimental digital yuan. e-CNY, a mobile app for using digital money, is available on both the Android and Apple app stores. To ensure a smooth rollout throughout China, the app is now only available to a small group of customers, such as Chinese banks. Tencent Holdings Limited (TCEHYWeChat, )'s China's most popular messaging app with over 1 billion users, also offers the digital yuan. In contrast to China's prior intentions to distribute digital yuan via a lottery, China has decided to distribute digital yuan throughout the country instead. It stated in June 2021 that it will provide $6.2 million in lottery prizes to Beijing residents. China's southwest city of Chengdu announced in February 2021 that it will donate $6 million in digital yuan.

China Pushes Down On Widespread Tether - Related Money Laundering

Ethereum's 'difficulty bomb' has been in place since 2015. Every time a certain amount of new blocks are mined and uploaded to the blockchain, it is set to run. To put it another way, it dramatically increases the difficulty of mining on the current proof-of-work (PoW) blockchain. What is the significance of the difficulty bomb, and why has its release been delayed?&nbsp;After the difficulty change is implemented, mining Ethereum will become much less lucrative. Even though they were aware of the upcoming switchover to Proof-of-Stake that would render their efforts obsolete, cryptocurrency miners like Hut 8 Mining and HIVE Blockchain Technologies Ltd were spotted last year making massive acquisitions of ETH mining gear.&nbsp;Proof-of-Work ETH miners should not be concerned about decreasing profitability for the next two months since Beiko has confirmed that Ethereum developers have delayed the deployment of the difficulty bomb. <h2>What Should Investors Know About Difficulty Bomb?</h2> To ensure that miners switch to the new PoS consensus mechanism, the difficulty of mining has been increased. As a result, if this “difficulty” is not in place, miners may opt to stick with the previous PoW scheme, thereby "forking" the blockchain.&nbsp;The so-called "difficulty bomb," an embedded piece of code in Ethereum, rapidly raises the computational burden of mining the underlying currency until it becomes impossible. For Ethereum, when the bomb goes off and the <a href="https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/" rel="noopener noreferrer" target="_blank">proof-of-stake method</a> for ranking transactions is switched on, it means that the days till the so-called Merge are numbered. Staked coins are used to organize transactions in proof of stake, which is said to use 99 percent less power than traditional methods.&nbsp;The difficulty bomb's sole purpose was to entice miners to switch to Proof-of-Stake mining. ETH difficulty bombs are still required to ensure network equilibrium and the project's long-term survival.&nbsp;Still, the topic of how long developers will postpone the switch to PoS regularly emerges. Developers who are committed to their project roadmap will no longer need to transfer the activation of an Ethereum difficulty bomb. It is worth noting that the implementation of the project might have an effect on the Ethereum price.&nbsp;Whether this effect will be good or bad depends on the investor’s sentiments. In order to avoid future price fluctuations, you can start trading with <a href="https://bitcoinapex.org/" rel="noopener noreferrer" target="_blank">Bitcoin Apex</a>, which is an AI-generated trading platform that allows you to make your trading process automated. In addition to that, this software furnishes traders with an opportunity to analyze the market and make rational decisions in the moment of trading.&nbsp;Ethereum now depends on proof of work, which requires a significant amount of computer processing power. Proof-of-stake relies on the contributions of individuals who "stake" their money in the network to verify transactions. <h2>Reasons Difficulty Bomb Is Delayed</h2> The of implementing the Etherum difficulty bomb was delayed 5 times. This means that the "Merge" is approaching and might occur at any moment once the difficulty bomb is activated.&nbsp;On Friday, developers decided to postpone the difficulty bomb until they could fix several flaws found when testing the Merge software on Ropsten, one of the network's older testnets. The decision to delay the difficulty bomb opens the possibility that the much-anticipated improvement may take longer than originally expected.&nbsp;In theory, if the proof of work mining difficulty bomb were set off, it would raise the bar so high that the mining would be impossible. The <a href="https://decrypt.co/36641/who-are-ethereums-co-founders-and-where-are-they-now" rel="noopener noreferrer" target="_blank">creators of Ethereum</a> are hoping that the difficulty bomb would encourage miners to approve the merging. If developers require additional time, Vitalik Buterin, co-founder, warned last month that the Merge might be delayed until September or October. <h2>What Will Be The Effects Of The Difficulty Bomb?</h2> There are two types of investors when it comes to ETH’s difficulty bomb. The first type of investors thinks that a difficulty bomb can be beneficial for them, while the second part reckons that the difficulty bomb can lead the investors to losses. So, let's discuss the effects of the difficulty bomb and whether or not it can be profitable or harmful for crypto enthusiasts.&nbsp;As mentioned earlier, the main idea of the difficulty bomb is to make investors switch from PoW to PoS. It’s worth noting that both have their pros and cons. The main advantage of the PoW is that it allows investors to transact their money in a very short period of time. However, the main drawback of this system is that it consumes a great amount of energy, and plus it isn’t quite safe. However, when it comes to PoW there should be taken into consideration the risk-reward ratio. When you start mining with the help of PoW you get more benefits, however, the risk is that you may become a victim of hackers. As the crypto market is decentralized, no one can help you to bring back your money.&nbsp;In contrast with the PoW, PoS provides investors with a more secure system. However, as investors say the minimum process cannot get them as many benefits as it’s in the case of PoW. PoS makes it difficult to mine Ethereum, however, your money is more secured here.&nbsp;To conclude, no one knows when the Difficulty Bomb will be ready to implement. However, this innovation can change a lot in the industry. Whether the changes will be positive or not, all depends on the type of investor you are.

Ethereum Difficulty Bomb And Why Is It Delayed For 2 Months

The best tactics are not learned without years of trading in the cryptocurrency markets. We've put together a handy guide for any beginner to avoid common cryptocurrency trading mistakes and find the best trading strategies. You will also better understand the strategies and tips as you learn to avoid cryptocurrency trading mistakes. <h2>Crypto Is Not Easy Money</h2> Commodities, stocks, bonds, cryptocurrencies and all other traded financial assets present certain challenges. There is no easy way to make money by trading cryptocurrencies. If anyone claims to make a lot of money very easily using a method, walk away. That person is trying to trick you into making crypto mistakes. <h2>The Fact that Crypto Is Priced Low Does Not Mean That It Will Be Valued</h2> Low-priced cryptos are not investment opportunities. There is an obvious and important reason for the low price: the supply is too high. Some will tell you to buy "shitcoins" or "memecoins" that are not well known in the market. They say that the price of these cryptos will increase many times in the near future. Although this happens from time to time in bull markets, it is more likely that the price will move towards 0 instead of increasing exponentially. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656317850/do77sbhpgegbjg38az35.png"><h2> </h2><h2>Don't Use All Your Money</h2> If you have set aside some money to invest, buying single crypto with all that money is not the right strategy. It is always important to diversify your portfolio. For safer crypto investment, you should use a certain portion of your investment capital. In an easy-access savings account, you should maintain unused emergency cash funds to invest in the market. <h2>Malicious Wallets</h2> To keep your crypto assets safe, you should use known and proven wallets. Crypto wallets like Exodus, Ledger, Trezor or Metamask will help you keep your funds safe. Crypto wallets of unknown origin that you find on the App Store or Google Play Store can steal your crypto funds. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656317853/xf7vm1axzlnfifhpbrxl.png"> <h2>Stay Away from Pumps and Dumps</h2> Stay away from people who usually organize in Telegram groups and claim that they will quickly increase the price of a cryptocurrency on an exchange. In such a case, you will probably buy crypto at a high price and have to sell it at a low price. <h2>Avoid FUD and FOMO</h2> Trading on your emotions rather than analysis and trading with FUD and FOMO will increase your chances of losing your money. Twitter posts, forum posts, news, and statements made by someone can confuse you. That's why you should try not to make trading decisions based on refutable rumors.When you look at your past transactions, you can see which rules made money and which ones were lost. If you review the situations that make you lose money, you can update your strategy in a result-oriented way. A disciplined strategy will keep you resilient to FUD and FOMO. <h2>Use Two-Factor Authentication</h2> You should always secure your access to the trading platform and your wallet. Always enable two-factor authentication if you don't want to see your cryptocurrencies stolen. Do not share the private keys of your crypto wallets with anyone to make sure everything is safe. Do not link your web3 wallets with unknown dApps. <blockquote>The following article may also interest you.</blockquote><a href="https://coinhunt.cc/news/hodling-vs-day-trading-which-is-profitable" rel="noopener noreferrer" target="_blank">HODLing vs Day Trading - Which is Profitable?</a>

7 Mistakes Beginner Cryptocurrency Traders Shouldn't Do

Want to become a crypto trader but don't know which strategy is right for you? We will examine the main features, pros, and cons of the strategies so that you can decide for yourself which crypto trading strategy is best for you. Most traders use more than one trading strategy. Traders who trade in both spot and futures markets do not want to limit themselves to a single strategy. <h2>Day Trading in Crypto</h2> Day trading is considered by most people to be a full-time job. Traders who want to use a day trading strategy need a lot of skill and time. Day trading is the most difficult of all cryptocurrency trading strategies. In day trading, most positions are held for a few minutes. A position can remain open for a few hours at most.Day traders perform technical analysis using indicators and charts to open positions by predicting the short-term movements of the market. They do not prefer to use companies' press releases and fundamental analysis methods. <h2>Advantages of Day Trading</h2> Day trading is a strategy with high-profit potential. If you have the ability to take advantage of market trends, you can make a huge profit with this strategy.By day trading you become your own boss. In this strategy, which is considered a full-time job, your workload and working hours will be determined entirely by you. You can trade daily crypto wherever you have an internet connection and a pc. <h2>Disadvantages of Day Trading</h2> Day trading is a very difficult strategy as we have just mentioned. It will take a long time to master day trading. The mistakes you make until you master it can cost you dearly. In addition to this huge cost, day trading is also very stressful. Altcoins are very volatile by nature, so the price can fluctuate very quickly, which can stress you out at times. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656137642/cslelabtkatjdkj6y6i5.png"> Since day trading is generally preferred in futures markets, trading commissions are high. The larger and more trades you open, the more commissions and transaction fees you pay to the exchange. Becoming a consistently profitable day-to-day crypto trader requires overcoming challenges such as trading psychology, technical analysis, risk management and quick thinking. Considering that the crypto market is more volatile than other markets and is open 24/7, the risk and stress factor will increase even more.If you can't afford to spend years trying to perfect your trading strategies, you should avoid day trading. But when you're good at it, you can become your own boss and have a skill that will last a lifetime. <h2>Hodling</h2> Hodling means holding your assets for months and years without worrying too much about market volatility. Hodling is the least risky of all trading strategies. Those who adopt this strategy generally prefer to invest in Bitcoin or altcoins of a certain quality. These cryptos are less volatile than other altcoins. Hodlers ignore short-term market fluctuations anyway.Hodling is a good investment strategy for you if you don't expect any miracles and you think you are really patient. Hodling can be thought of as a high-interest savings account. The growing worldwide adoption of cryptocurrencies has made hodling the best strategy. <h2>Advantages of Hodling</h2> Hodling tends to be much less stressful than other trading strategies. After researching and making an investment, you can watch the investment grow for months and years. One advantage of long-term investments is to save on commission. Trading every few months or years means paying less commissions and transaction fees. <img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656137645/xb6ikdtvu1699uea2rnx.png"> We can see that the economy is rapidly moving in the direction of digital services, there is a lot of retail investor enthusiasm and institutional acceptance is increasing. So HODLing by buying the dip can be a really good strategy. <h2>Disadvantages of Hodling</h2> Hodling is a trading strategy that really requires patience. It is a strategy that should not be preferred by those who want to make quick money and become rich. It may take months or years before you start seeing a return on your investment. You may find that you are missing out on other investment opportunities as you will be investing in a cryptocurrency and waiting. Meanwhile, your funds will be tied to a single position.If you are going to adopt the hodling strategy, you should do in-depth research on the cryptocurrency you will invest in. For an asset that you will hold for more than a year, it is worth doing a great deal of research. <h2>Best Cryptocurrencies for HODLing</h2> If you've decided to become an HODLer, you trust the blockchain and cryptocurrency industry. Then you should find the best quality projects within the industry and consider investing in them. The industry leader has been Bitcoin since day one. Bitcoin has always been less volatile than altcoins.When choosing the best cryptocurrencies for HODL, it may be good to look at the market cap rankings. Ethereum (ETH), BNB, Cardano (ADA), Solana (SOL), and Polkadot (DOT) are good cryptocurrencies to buy and hold. <h2>Day Trading and HODL - Which Is More Profitable?</h2> The crypto market collapses that occurred in 2018, 2020, and 2022 provided indicators supporting the hodl investment strategy. Some professionals are great at timing the market and day trading. But not everyone is a great professional and spends time finding the perfect moment to open a position. While day traders put all their energies into technical analysis and trading, hodlers who bought the dip in 2018 and 2020 likely made more profits than day traders. <blockquote>The following articles may also interest you.</blockquote><blockquote><a href="https://coinhunt.cc/news/according-to-the-eu-commissioner-all-crypto-assets-should-be-regulated" rel="noopener noreferrer" target="_blank">According To The EU Commissioner, All Crypto Assets Should Be Regulated</a></blockquote><blockquote><a href="https://coinhunt.cc/news/what-the-rsi-indicator-tells" rel="noopener noreferrer" target="_blank">What does the RSI Indicator Tells?</a></blockquote>

HODLing vs Day Trading - Which is Profitable?

Cryptocurrency exchanges have long been one of the preferred platforms of investors. The fact that the market provides serious profits and is slightly more decentralized than other investment instruments also increases the demand for it day by day. The increase in demand for cryptocurrencies has also resulted in companies and organizations issuing various altcoins and tokens. In this context, a company can very easily launch an altcoin that it has established its own infrastructure for, or it can launch it with a limited number of offerings by issuing a number of tokens. As in every market, there are situations that investors should pay attention to on cryptocurrency exchanges. If the investor can make important decisions by staying calm while making his investment, he can increase his profit even more. However, decisions made influenced by panic sales or market news usually do not have very heartwarming consequences. <h2>Cryptocurrency Exchange Selection</h2> There is no centralized system in cryptocurrency exchanges. This, in turn, poses a small financial risk on behalf of cryptocurrency owners. As in the case of Thodex in recent years, it is recommended not to invest in anonymous and unknown sites in order not to become a victim. Since these exchanges are not regulated by law, there is also no authority that can be applied in the event of victimization. Instead, it will be useful for you to prefer stock market formations that are the fixtures of the market, such as Binance, Coinbase, or FTX. <h2>Governments' Perspective on Cryptocurrencies</h2> Cryptocurrencies are received differently by governments in each country. El Salvador had recently become the first country to accept Bitcoin as its official currency. Then this step was followed by Venezuela, which announced that it would accept Bitcoin as one of its payment methods. There is no legal process in most countries that are already regulated by law. However, despite this, it is not clear what will happen in the future, so storing crypto assets in a cold wallet or a reliable exchange will be the smartest choice. <h2>Cryptocurrencies are Simple and Popular Payment Method</h2> In the following years, crypto-based payment methods are ready to be included in many stores and shops. As of 2022, bitcoins can be easily used as a payment method in Microsoft's Xbox Store, Home Depot, Whole Foods, etc. Due to the fact that governments are wary of money laundering in cryptocurrencies, abstaining from crypto assets inhibits it to some extent. However, in the coming years, when a solution is found to this and payment with cryptocurrencies becomes a situation encouraged by governments, BTC and altcoins will take a better place in our lives.The increase in production costs of crypto currencies leads to a reduction in supply in this area. As in the free market, a decrease in the supply of a product in cryptocurrencies means an increase in prices. That is why the prices of cryptocurrency assets will rise more and more over the years, and the cryptocurrency values that are currently in these figures will be remembered as funny figures in the following years. 1 Bitcoin was registered as 189 dollars in 2013. We saw Bitcoin to an all-time high of over $64,000 in the first half of 2021. Even this spectacular 9-year change demonstrates the fact that those who invest in cryptocurrency assets do not lose. <h2>Final Thoughts</h2> All this process was formed despite the statements that governments may ban BTC in the following years when they do not consider it a safe haven. Bitcoin and no altcoin can be strictly prohibited by a particular government or country. This is undoubtedly one of the biggest reasons why trust in cryptocurrencies is so important. Increasing production costs will further increase the value of cryptocurrencies, and this reflection will become even more accelerated with the support of governments or countries. Investments in cryptocurrencies should be made at money levels that will not upset the person and are worth risking. However, in order not to regret it in the coming years, it will be very useful for users to invest at least in certain accepted cryptocurrency assets. You can also read our other newly published article.<a href="https://coinhunt.cc/news/the-merge-what-to-expect-from-the-biggest-update-of-ethereum" rel="noopener noreferrer" target="_blank">The Merge: what to expect from the biggest update of Ethereum</a>

On Cryptocurrency Exchanges and the Future of Bitcoin

As the crypto market continues to crash, it’s a hot topic not only among investors but also among the authorities as well. There has to be a new "global agreement on crypto" that protects investors and limits the environmental impact of bitcoin mining, according to EU financial services commissioner Mairead McGuinness.&nbsp;As the EU's chief finance official, McGuinness wants to guarantee "no product remains uncontrolled." She also warned of the dangers of fines avoidance and economic uncertainty. Nowadays, in the moment of the market crash, major countries' finance ministers expressed concern about the possibility of a regulatory vacuum returning.&nbsp;When it comes to establishing a uniform set of regulations for European cryptocurrency service providers, EU commissioner Neelie Kroes says that the EU has already made significant progress in drafting the Markets in Crypto Assets, or MiCA. This executive order issued in March by President Joe Biden "maps the way" for US regulation of crypto assets, she added, since it establishes guidelines for public agencies dealing with crypto-related laws and enforcement.&nbsp;"The recent stoppage of withdrawals by Celsius Network and the subsequent collapse of Terra (formerly LUNA, now LUNC) illustrate that crypto-asset regulation is needed in the European Union," McGuinness said in prepared comments for a lecture in Brussels. The possibility that cryptocurrency may be used to get over Russia's sanctions was also a consideration, she said. <h2>Regulations And Cryptos</h2> In September 2020, the EU Commission proposed a Regulation on Markets in Crypto Assets (hence "MiCA Regulation"), which is now in the legislative process. European Union member states hope that the <a href="https://www2.deloitte.com/lu/en/pages/financial-services/articles/digital-finance-european-parliament-adopts-mica-regulation-innovation-friendly-crypto-regulation.html#:~:text=Markets%20in%20Crypto%2Dassets%20(MiCA,by%20existing%20financial%20services%20legislation." rel="noopener noreferrer" target="_blank">MiCA Regulation</a> will provide a legal framework for crypto assets across the EU. To put it another way: The MiCA Regulation, which McGuinness says is nearing completion, would basically consolidate all EU regulations for crypto service providers. So, crypto companies would be responsible for ensuring the security of their customers and protecting them from becoming victims of malpractice, such as frauds and scams.&nbsp;It is worth noting that because of the current crypto market crash some investors, along with authorities, think that regulations might be beneficial for them. However, these investors in order to safeguard themselves have the option to use <a href="https://bitindexprime.com/" rel="noopener noreferrer" target="_blank">Bitindex Prime</a>, which is an automated AI-generated tool. This tool allows them to set up stop-loss orders to avoid going bankrupt and losing the generated funds, as well as analyze the market and forecast which way it will develop.&nbsp;On 9 March 2022, U.S. President Joe Biden issued an executive order laying out a framework on how to handle crypto-related regulations and enforcement actions, which he claimed: "maps the way for US regulation of cryptocurrency assets." For its work on MiCA, the European Commission also requested input on the possible introduction of a digital euro from banking industry experts. On April 29, the European Central Bank began <a href="https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220516~454821f0e3.en.html" rel="noopener noreferrer" target="_blank">testing a digital euro</a>, which is going to be almost similar to the current cryptocurrencies. McGuinness said that the EU commission would be "ready" to draft legislation based on a central bank digital currency. <h2>Things To Consider</h2> Nowadays,there are numerous risks and dangers associated with the crypto market crash. In terms of the situation of destabilization in the market, many investors have lost their funds and sums of money. As a result of this, authorities around the world started to think about taking additional measures, in order to protect and safeguard investors from going bankrupt. But how will the regulations affect the crypto market?&nbsp;The fact is that regulating Bitcoin and other cryptocurrencies is difficult considering that they operate on a peer-to-peer (P2P) network. The Pirate Bay and Silk Road were successfully regulated by governments, yet there are a plethora of cryptocurrencies out there. The primary distinction between fiat cash and cryptocurrencies is the ability to perform transactions through exchanges or directly via your coin wallet. Even though authorities want to regulate the crypto market, which is a decentralized marketplace, this seems unrealistic and irrational. The main reason behind this is that cryptocurrencies are based on the blockchain, which provides customers and companies with anonymity. So, when it comes to transactions and operations conducted in the crypto market, the authorities and regulatory bodies won’t be able to spot the real law breakers.&nbsp;In addition to that, regulations might have a dramatic effect on the way crypto is going to develop. Nowadays cryptos allow us to make innovations in several industries. For example, cryptos can be used as a payment system. Stable coins, which are linked to fiat money and are the bridge between the traditional and nontraditional payment systems. As the regulations might take place, especially in terms of payment systems, it may make it harder for investors to take advantage of the benefits crypto can offer them. For example, in the case of stable coins, the transaction speed compared to conventional money is faster. However, as laws may prohibit the use of stable coins as a payment method in our everyday life, this might make things complicated. So, in terms of regulations, it’s hard to define whether they can be effective or not and whether they can really protect and safeguard customers.

According To The EU Commissioner, All Crypto Assets Should Be Regulated

There is not much time left before The Merge update, which will be an important milestone in the development of the well-known Ethereum cryptocurrency. What will change? Will this update be needed and useful? Let's talk about it today.&nbsp;What's new? Difference from the previous version. First, the consensus algorithm will be changed. One important area of ​​change is the impact on the environment: Ethereum will become more environmentally friendly and deflationary. This may change its price for the better. Other advantages of the update also include the factor that the emission and its rate will now depend on the number of validators and activity. The creation of fragmented circuits is another significant innovation. If now all transactions go through only one blockchain, then Aral will have 65 updates. This means that transactions will go faster. Protection : With Eth2, it will be possible to improve Ethereum's defenses against coordinated attacks. For example, a 51% attack is a type of attack where the person who controls most of the network can force the wrong changes. It is also worth noting that with an updated version of the roadmap, it is possible to cover all the developments of the Ethereum team. This means that the review of upcoming developing processes on the platform will become wider. It is also possible to know the approximate terms of activation due to the update.&nbsp;Serenity Or a complete transition from Ethash to a stable PoS algorithm. Since 2014, developers have been thinking about how to achieve this. But this was not possible at that time, since the new algorithm was not sufficiently studied. The main goal of Serenity is to reduce the cost of electricity that is spent on mining. Miners will be replaced by validators. To ensure their work, 32 ETH will be required. Galaxy Digital Research says: “The upcoming update will not affect the user experience with decentralized applications in any way. Exchange clients, custodians, and permanent ETH holders will not need to move their coins anywhere.”New levelNow most of the Ethereum issuance takes place in the traditional PoW blockchain - the “execution layer”. 2ETN - payment to the miner for the mined block (about 12 thousand <a href="https://app.intotheblock.com/coin/ETH/deep-dive?group=mining&amp;chart=minerRewards" rel="noopener noreferrer" target="_blank">ETN</a> per day). There is also a "consensus layer" - the PoS-based Beacon Chaim network. Here, the number of ETNs depends on the volume of coins in staking and on the number of validators. Burning part of the transaction fee (depending on the network load) is also a factor influencing emissions.&nbsp;&nbsp;<img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656066979/iieko5itejrmly6uasfi.png"> The Merge no longer assumes a remission mechanism for a fixed reward to miners per block after activation. The reward to validators (ETH) will be quite dynamic, each epoch will last 6.4 minutes.How much ETH will be burned in volume from on-chain activity. Now she is on the decline. The number of transactions in the Ethereum network, as you can see on the chart, has decreased.&nbsp;&nbsp;<img src="http://res.cloudinary.com/dtmehis9o/image/upload/v1656066980/bu1638iin9lfgx8twxkp.png"> “If user adoption of Ethereum goes up in the coming months and years after the Merge upgrade, then the supply of ether will decrease faster and faster,” Galaxy Digital Research experts say. They say that the value proposition of Ethereum will increase, especially in terms of store of value. As you know, it is more difficult for attackers to get the desired data about the system and change the history of transactions if there are more coins in staking. When a lot of validators roam the network, the amount of ETH in staking grows, the profitability of the former decreases. In the opposite case, if there are few validators and few coins in staking, then the profitability becomes higher. Regardless of the amount of ETH in staking, validators will not be left without work - this guarantees the algorithmic rate of emission.&nbsp;Galaxy Digital Research prepared some forecasts and selected options for the consequences after the transition of Ethereum to PoS: “The popularity of mining cryptocurrencies on the GPU will decrease. Perhaps some miners will switch to alternative coins (for example, Ethereum Classic or Ravencoin). Many can sell their graphics cards. And those, in turn, will go to gamer designers. This will help lower the prices of devices on the market. Already, of course, to change the level of income for manufacturers. Perhaps due to the high energy intensity of Bitcoin, it will be criticized even more.”&nbsp;&nbsp;Staking-as-a-Service (SaaS). Risks of centralization.&nbsp;The popularity of the SaaS provider platform can be explained by the fact that it simplifies and democratizes staking. It's all thanks to delegation. Users do not need 32 ETH, because small amounts can be used. No special technical knowledge is required either. SaaS providers offer users loss insurance. Improving capital efficiency is also available through liquid staking services. Lido, for example, is issuing derivative tokens that represent the funds locked in a staking contract. The speculative options from SaaS providers are large and varied, given this, you can count on its rapid growth and rapid popularity.&nbsp;Decentralization. Lido is a prime example of decentralization implementation - they implement distributed validators technology. Rocketpoor is also growing in popularity. This is a new service that is a decentralized staking platform.&nbsp;&nbsp;Conclusion :&nbsp;Analysts predict that after the Ethereum upgrade, the cryptocurrency will attract the attention of not only short-term, but also long-term investors, which is very good. Messari acknowledges that staking rewards will be in the 7-13% range. Users will love it.&nbsp;Soon, we will see how Ethereum can become a more attractive cryptocurrency in terms of investment. At first, it can establish itself as a stable cryptocurrency. This will build consumer confidence and increase demand. Given the issue of environmental benefits, people are more likely to prefer a more environmentally friendly and less harmful mining process. Perhaps due to the fact that eco-activists will talk about this update, the cryptocurrency itself will gain even more popularity. And, of course, deflation. Of course, its level will change depending on the activity of users. Article written by Melissa Robertson, a freelance author who&nbsp;writes bright articles that engage the audience. She is working for the company <a href="https://icoholder.com/" rel="noopener noreferrer" target="_blank">ICOholder</a>.&nbsp;Her hallmark as a writer is her ability to put complex things into simple words.

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