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GM GoMiners, have a great week ahead! π
Crypto World Highlights for June 10th
-Market Dynamics and Shifts
The decline in crypto-margined futures signals a shift towards stable collateral, with Bitcoin collateral usage falling from 70% to 20%.
Hedge funds are betting against Bitcoin with record short positions on CME futures, despite spot Bitcoin ETFs experiencing a 19-day streak of inflows. Analysts suggest this indicates hedge funds' interest in carry trades.
If Bitcoin flips the $69,000 level into support, tokens like BNB, TON, FIL, and INJ may see significant upward movement.
-Central Bank Actions
All eyes are on interest rates as central banks around the globe start interest rate cuts, with particular focus on the U.S.
-Exchange and User Growth
Binance reached 200 million users with $100 billion in assets under custody, representing over a third of all cryptocurrency holders worldwide.
-Security Breaches and Hacks
The Orbit Chain exploiter moved $48 million through Tornado Cash after months of post-hack dormancy, reviving concerns about security in the crypto space.
Loopring suffered a $5 million hack after its 'Guardian' two-factor authentication service was compromised.
-Blockchain and AI Innovations
Cardano is on the verge of its "most significant milestone" in its history, according to founder Charles Hoskinson, potentially impacting the ADA token's value.
SingularityNET joined Polkadot Parachain, OriginTrail, to push the Internet of Knowledge for decentralized AI, leveraging expertise in Artificial General Intelligence (AGI) and Web3 solutions.
#GoMining #MarketNews
-Market Dynamics and Shifts
The decline in crypto-margined futures signals a shift towards stable collateral, with Bitcoin collateral usage falling from 70% to 20%.
Hedge funds are betting against Bitcoin with record short positions on CME futures, despite spot Bitcoin ETFs experiencing a 19-day streak of inflows. Analysts suggest this indicates hedge funds' interest in carry trades.
If Bitcoin flips the $69,000 level into support, tokens like BNB, TON, FIL, and INJ may see significant upward movement.
-Central Bank Actions
All eyes are on interest rates as central banks around the globe start interest rate cuts, with particular focus on the U.S.
-Exchange and User Growth
Binance reached 200 million users with $100 billion in assets under custody, representing over a third of all cryptocurrency holders worldwide.
-Security Breaches and Hacks
The Orbit Chain exploiter moved $48 million through Tornado Cash after months of post-hack dormancy, reviving concerns about security in the crypto space.
Loopring suffered a $5 million hack after its 'Guardian' two-factor authentication service was compromised.
-Blockchain and AI Innovations
Cardano is on the verge of its "most significant milestone" in its history, according to founder Charles Hoskinson, potentially impacting the ADA token's value.
SingularityNET joined Polkadot Parachain, OriginTrail, to push the Internet of Knowledge for decentralized AI, leveraging expertise in Artificial General Intelligence (AGI) and Web3 solutions.
#GoMining #MarketNews
π Last Day for the TON & GoMining Community Giveaway! π
This is your final opportunity to snag exclusive prizes in our celebratory giveaway for the TON & GoMining integration! π
π« How to Enter:
1. Follow @Gomining_token on Twitter.
2. Join GoMining's Discord.
3. Subscribe to the @gmt_token news channel.
4. Buy any miner on gmt.io for TON.
5. Submit your User ID.
π Prizes:
π₯ First place: NFT Access Key*
π₯ Second place: 3,000 GOMINING tokens
π₯ Third place: 1,000 GOMINING tokens
π 300 GOMINING tokens each for 10 more winners.
Dates: May 28, 2024 - June 11, 2024, 11:59 PM
π Act now to secure your place in GoMining history! π
*This unique NFT key grants exclusive benefits and holds significant value on the secondary market.
#GoMining #NFT #TONCollection #Giveaway #CryptoCommunity π
This is your final opportunity to snag exclusive prizes in our celebratory giveaway for the TON & GoMining integration! π
π« How to Enter:
1. Follow @Gomining_token on Twitter.
2. Join GoMining's Discord.
3. Subscribe to the @gmt_token news channel.
4. Buy any miner on gmt.io for TON.
5. Submit your User ID.
π Prizes:
π₯ First place: NFT Access Key*
π₯ Second place: 3,000 GOMINING tokens
π₯ Third place: 1,000 GOMINING tokens
π 300 GOMINING tokens each for 10 more winners.
Dates: May 28, 2024 - June 11, 2024, 11:59 PM
π Act now to secure your place in GoMining history! π
*This unique NFT key grants exclusive benefits and holds significant value on the secondary market.
#GoMining #NFT #TONCollection #Giveaway #CryptoCommunity π
π GoMining Academy: What Is Proof of Work (PoW)?
Welcome to GoMining Academy! Today, we're diving into Proof of Work (PoW), a foundational consensus algorithm in blockchain technology.
π What is Proof of Work (PoW)?
Proof of Work (PoW) is a consensus mechanism that requires miners to solve complex cryptographic puzzles to validate transactions and create new blocks. The first miner to solve the puzzle adds the block to the blockchain and earns rewards.
π οΈ How It Works:
Miners compete using computational power to solve puzzles. The solution is easily verified by the network, ensuring the integrity of the blockchain. This mechanism prevents malicious attacks, as altering the blockchain would require controlling over 50% of the networkβs computational power, known as a '51% attack.'
π Why It Matters:
PoW is crucial for the security and decentralization of cryptocurrencies like Bitcoin. However, it has been criticized for high energy consumption, leading to the development of alternatives like Proof of Stake (PoS), which aim to provide similar security with less environmental impact.
What are your thoughts on Proof of Work? Share in the comments below! π
#GoMining #Blockchain #PoW #CryptoEducation
Welcome to GoMining Academy! Today, we're diving into Proof of Work (PoW), a foundational consensus algorithm in blockchain technology.
π What is Proof of Work (PoW)?
Proof of Work (PoW) is a consensus mechanism that requires miners to solve complex cryptographic puzzles to validate transactions and create new blocks. The first miner to solve the puzzle adds the block to the blockchain and earns rewards.
π οΈ How It Works:
Miners compete using computational power to solve puzzles. The solution is easily verified by the network, ensuring the integrity of the blockchain. This mechanism prevents malicious attacks, as altering the blockchain would require controlling over 50% of the networkβs computational power, known as a '51% attack.'
π Why It Matters:
PoW is crucial for the security and decentralization of cryptocurrencies like Bitcoin. However, it has been criticized for high energy consumption, leading to the development of alternatives like Proof of Stake (PoS), which aim to provide similar security with less environmental impact.
What are your thoughts on Proof of Work? Share in the comments below! π
#GoMining #Blockchain #PoW #CryptoEducation
Crypto World Highlights for June 11th
-Bitcoin Market Dynamics and Trends
Bitcoin achieved its second-highest weekly close ever, despite staying rangebound below all-time highs, with volatility catalysts around the corner.
The short-term holder realized price nears $64,000, signaling a potential uptrend in Bitcoin as it rises by 1.5% in a week.
Record ETF inflows are not translating to significant Bitcoin price movement, as most inflows are likely part of non-directional strategies.
-Market and Technical Analysis
Ethereum futures funding rate volatility mirrors significant price movements, highlighting localized trading imbalances in Ethereum markets.
UK crypto ETNs have seen low trading volumes since launching, but opening them up to retail investors could be a game changer, according to 21Shares.
-Institutional and Corporate Actions
Fidelity International tokenized a money market fund
on JPMorganβs blockchain, joining the Tokenized Collateral Network (TCN).
Bitfarms adopts a shareholder rights plan to defend against a takeover by rival Riot Platforms.
Fireblocks partnered with Coinbase International to extend security, governance, and policy support using Multi-Party Computation (MPC) protection.
-Security Breaches and Hacks
The Solana Foundation expelled validators for conducting sandwich attacks on retail users, highlighting ongoing security issues in the blockchain space.
The DeFi protocol UwU Lend suffered a $19.3 million exploit, with the protocol set up by Quadriga CX co-founder "Sifu."
Singapore alerted businesses to Bitcoin ransomware risks, advising them against paying ransoms and to report incidents to authorities.
-Regulatory Developments
South Korea will regulate certain NFTs as cryptocurrencies, particularly mass-produced NFTs that have become exchangeable, according to new guidelines from the Financial Services Commission.
-DeFi and Blockchain Innovations
DeFi Technologies adopted a Bitcoin treasury strategy, purchasing 110 BTC and repaying $5 million in debt by its subsidiary, Valour.
#GoMining #MarketNews
-Bitcoin Market Dynamics and Trends
Bitcoin achieved its second-highest weekly close ever, despite staying rangebound below all-time highs, with volatility catalysts around the corner.
The short-term holder realized price nears $64,000, signaling a potential uptrend in Bitcoin as it rises by 1.5% in a week.
Record ETF inflows are not translating to significant Bitcoin price movement, as most inflows are likely part of non-directional strategies.
-Market and Technical Analysis
Ethereum futures funding rate volatility mirrors significant price movements, highlighting localized trading imbalances in Ethereum markets.
UK crypto ETNs have seen low trading volumes since launching, but opening them up to retail investors could be a game changer, according to 21Shares.
-Institutional and Corporate Actions
Fidelity International tokenized a money market fund
on JPMorganβs blockchain, joining the Tokenized Collateral Network (TCN).
Bitfarms adopts a shareholder rights plan to defend against a takeover by rival Riot Platforms.
Fireblocks partnered with Coinbase International to extend security, governance, and policy support using Multi-Party Computation (MPC) protection.
-Security Breaches and Hacks
The Solana Foundation expelled validators for conducting sandwich attacks on retail users, highlighting ongoing security issues in the blockchain space.
The DeFi protocol UwU Lend suffered a $19.3 million exploit, with the protocol set up by Quadriga CX co-founder "Sifu."
Singapore alerted businesses to Bitcoin ransomware risks, advising them against paying ransoms and to report incidents to authorities.
-Regulatory Developments
South Korea will regulate certain NFTs as cryptocurrencies, particularly mass-produced NFTs that have become exchangeable, according to new guidelines from the Financial Services Commission.
-DeFi and Blockchain Innovations
DeFi Technologies adopted a Bitcoin treasury strategy, purchasing 110 BTC and repaying $5 million in debt by its subsidiary, Valour.
#GoMining #MarketNews
π’ GoMining at Proof of Talk in Paris! π«π·
We are excited to announce that GoMining is participating in the prestigious event Proof of Talk in Paris on June 10-11. This is a unique opportunity for us to connect with industry leaders, discuss the latest trends, and share our innovations in the world of blockchain technology and cryptocurrencies.
Join us to learn more about our upcoming projects and collaboration opportunities!
#GoMining #ProofOfTalk #Paris #Blockchain #Crypto #Innovation
We are excited to announce that GoMining is participating in the prestigious event Proof of Talk in Paris on June 10-11. This is a unique opportunity for us to connect with industry leaders, discuss the latest trends, and share our innovations in the world of blockchain technology and cryptocurrencies.
Join us to learn more about our upcoming projects and collaboration opportunities!
#GoMining #ProofOfTalk #Paris #Blockchain #Crypto #Innovation
What's your favorite π collection in GoMining? (Part I)
Anonymous Poll
29%
The Mine Box π¨
24%
The Trust Box Collection π³
40%
The GoMining Whales π³
11%
The Party Box Collection π
14%
The Gift Box Collection π
14%
The Golden Box Collection π
What's your favorite π collection in GoMining? (Part II)
Anonymous Poll
11%
The West Collection βοΈ
10%
The South Collection π½
12%
The North Collection πΌ
6%
The East Collection βΆοΈ
11%
The Khabib Collection π₯
46%
The Greedy Machines π
12%
The Pizza Collection π
20%
All collections π«
5%
Comment π¬
π 100,000 Miner Upgrades Achieved! π
Weβre glad to announce that GoMining has successfully completed 100,000 miner upgrades through our reward reinvestment feature!
π How to Reinvest Your Rewards:
To start reinvesting, go to your Reward settings and enable the reinvestment option. You need to have 10 TH to access this feature. Once activated, your rewards will be automatically used to upgrade your miner's power.
π‘ Maximize your mining potential with GoMining's seamless reinvestment feature!
#GoMining #CryptoMining #Blockchain
Weβre glad to announce that GoMining has successfully completed 100,000 miner upgrades through our reward reinvestment feature!
π How to Reinvest Your Rewards:
To start reinvesting, go to your Reward settings and enable the reinvestment option. You need to have 10 TH to access this feature. Once activated, your rewards will be automatically used to upgrade your miner's power.
π‘ Maximize your mining potential with GoMining's seamless reinvestment feature!
#GoMining #CryptoMining #Blockchain
π Concluding the 42nd Burn & Mint Cycle!
π₯ 2,501,038 GOMINING tokens were burned;
π¨ 2,075,862 GOMINING tokens have since been minted.
They were allocated as follows:
β‘οΈ 1,349,310 to the Service Provider;
π 415,172 to the owners of veGOMINING votes;
πͺ 207,586 to GoMining Rewards;
π₯ 103,793 to the GoMining team.
The voting results for the 43rd cycle are:
π Extra Solo mining discount is 2.86%;
π Pool mining multiplier is 1Ρ ;
π The Greedy Machines power has increased by 0.16% for each NFT sold from this collection.
π Unlock Your Weekly Benefits!
Ensure your GOMINING tokens are securely locked on the veGOMINING - My Lock page to start benefiting from regular rewards.
π€ Enhance Your Savings:
Use your GOMINING tokens for NFT maintenance to secure a 10% discount on electricity costs and increase your weekly rewards!
Discover how to maximize these benefits here π https://help.nft.gomining.com/instructions/how-to-get-a-maintenance-discount
#GoMining #NFT #BurnMint
π₯ 2,501,038 GOMINING tokens were burned;
π¨ 2,075,862 GOMINING tokens have since been minted.
They were allocated as follows:
β‘οΈ 1,349,310 to the Service Provider;
π 415,172 to the owners of veGOMINING votes;
πͺ 207,586 to GoMining Rewards;
π₯ 103,793 to the GoMining team.
The voting results for the 43rd cycle are:
π Extra Solo mining discount is 2.86%;
π Pool mining multiplier is 1Ρ ;
π The Greedy Machines power has increased by 0.16% for each NFT sold from this collection.
π Unlock Your Weekly Benefits!
Ensure your GOMINING tokens are securely locked on the veGOMINING - My Lock page to start benefiting from regular rewards.
π€ Enhance Your Savings:
Use your GOMINING tokens for NFT maintenance to secure a 10% discount on electricity costs and increase your weekly rewards!
Discover how to maximize these benefits here π https://help.nft.gomining.com/instructions/how-to-get-a-maintenance-discount
#GoMining #NFT #BurnMint
π A big congratulations to Phook DaFed, the latest winner in our weekly raffle!
π You've earned an exclusive access key to our premium GoMiners Avatars, ready to elevate your mining game. Enhance your setup with these top-tier avatars for unmatched performance.
π Looking to boost your mining efficiency? Hereβs how you can join the raffle:
1) Havenβt got an NFT yet? Nowβs the time to get started;
2) Upgrade your digital miner with a minimum of $10 to enhance power and efficiency;
π‘ Every $10 invested in upgrades not only fine-tunes your mining capabilities but also raises your chances of winning. This week's winner, Phook DaFed, had a winning probability of just 0.3%, proving anyone can win.
π Note the date: The next draw will conclude on June 19th. Keep enhancing your setup to boost your chances.
π Best of luck to everyone in the next draw!
#GoMining #NFT #WeeklyRaffle
π You've earned an exclusive access key to our premium GoMiners Avatars, ready to elevate your mining game. Enhance your setup with these top-tier avatars for unmatched performance.
π Looking to boost your mining efficiency? Hereβs how you can join the raffle:
1) Havenβt got an NFT yet? Nowβs the time to get started;
2) Upgrade your digital miner with a minimum of $10 to enhance power and efficiency;
π‘ Every $10 invested in upgrades not only fine-tunes your mining capabilities but also raises your chances of winning. This week's winner, Phook DaFed, had a winning probability of just 0.3%, proving anyone can win.
π Note the date: The next draw will conclude on June 19th. Keep enhancing your setup to boost your chances.
π Best of luck to everyone in the next draw!
#GoMining #NFT #WeeklyRaffle
Crypto World Highlights for June 12th
-Bitcoin Price Movements and Market Reactions
Bitcoin hit new lows for June, with open interest staying above $35 billion, raising concerns among market participants.
Bitcoin briefly dipped below $67,000 due to $200 million in Binance-driven spot selling, which triggered $250 million in crypto liquidations. Traders were bracing for key U.S. macroeconomic events.
-Institutional and Corporate Actions
Fidelity International tokenized a money market fund on JPMorganβs blockchain, joining the Tokenized Collateral Network (TCN).
Metaplanet, dubbed Asia's MicroStrategy, purchased another Β₯250 million worth of Bitcoin, continuing its strategy of amassing corporate Bitcoin reserves.
Tether plans to invest over $1 billion in financial infrastructure, AI, and biotech deals over the next year, according to CEO Paolo Ardoino.
-Regulatory and Legislative Developments
A key MiCA deadline in the EU is approaching, impacting regulation of the cryptocurrency and digital asset market across member states, with particular implications for stablecoins.
-Market and Trading Trends
Bitcoin ETFs saw $65 million in net outflows on Monday, breaking a 19-day record streak. Grayscaleβs GBTC led the outflows, while Bitwiseβs BITB led inflows.
Offshore crypto traders remain heavily exposed amid institutional risk-off sentiment, exposing the market to potential long squeezes.
-Technological and Security Updates
A dormant Bitcoin wallet moved $536 million after a five-year hiatus, raising questions about market impacts and whale activity.
The EU Innovation Hub criticized privacy coins and crypto mixers in a new report, citing regulatory challenges posed by these technologies.
-Ethereum Developments
The world's largest bank, ICBC, referred to Ethereum as βdigital oilβ due to its support for smart contracts and development potential, further amplified by upcoming ETF trading.
ProShares filed an S-1 for a spot Ethereum ETF, expanding on its roles with BNY Mellon and Coinbase.
#GoMining #MarketNews
-Bitcoin Price Movements and Market Reactions
Bitcoin hit new lows for June, with open interest staying above $35 billion, raising concerns among market participants.
Bitcoin briefly dipped below $67,000 due to $200 million in Binance-driven spot selling, which triggered $250 million in crypto liquidations. Traders were bracing for key U.S. macroeconomic events.
-Institutional and Corporate Actions
Fidelity International tokenized a money market fund on JPMorganβs blockchain, joining the Tokenized Collateral Network (TCN).
Metaplanet, dubbed Asia's MicroStrategy, purchased another Β₯250 million worth of Bitcoin, continuing its strategy of amassing corporate Bitcoin reserves.
Tether plans to invest over $1 billion in financial infrastructure, AI, and biotech deals over the next year, according to CEO Paolo Ardoino.
-Regulatory and Legislative Developments
A key MiCA deadline in the EU is approaching, impacting regulation of the cryptocurrency and digital asset market across member states, with particular implications for stablecoins.
-Market and Trading Trends
Bitcoin ETFs saw $65 million in net outflows on Monday, breaking a 19-day record streak. Grayscaleβs GBTC led the outflows, while Bitwiseβs BITB led inflows.
Offshore crypto traders remain heavily exposed amid institutional risk-off sentiment, exposing the market to potential long squeezes.
-Technological and Security Updates
A dormant Bitcoin wallet moved $536 million after a five-year hiatus, raising questions about market impacts and whale activity.
The EU Innovation Hub criticized privacy coins and crypto mixers in a new report, citing regulatory challenges posed by these technologies.
-Ethereum Developments
The world's largest bank, ICBC, referred to Ethereum as βdigital oilβ due to its support for smart contracts and development potential, further amplified by upcoming ETF trading.
ProShares filed an S-1 for a spot Ethereum ETF, expanding on its roles with BNY Mellon and Coinbase.
#GoMining #MarketNews
π’Crypto World Highlights for June 13th
-Market Dynamics and Price Movements
The Federal Reserve held its policy steady and indicated just one rate cut this year, noting "modest" progress towards 2% inflation.
Bitcoin's price slid after the Fed's interest rate decision and hawkish comments from Federal Reserve Chair Jerome Powell.
Institutional cash-and-carry trades are influencing U.S. spot bitcoin ETF flows, according to analysts at Glassnode.
-Institutional Moves and Corporate Decisions
Brazil's largest bank, ItaΓΊ Unibanco, opened Bitcoin and crypto trading to all 60 million+ customers through its Ion investment app, marking a major milestone for adoption.
Terraform Labs agreed to pay a $4.5 billion penalty in a settlement with the SEC.
Riot Platforms acquired a 13% stake in Bitfarms as Bitfarmsβ CEO criticized the "poison pill" defense strategy.
Donald Trump expressed a desire for all remaining Bitcoin to be "made in the USA" during a meeting with executives from CleanSpark Inc. and Riot Platforms.
-Regulatory and Legal Developments
Chinese President Xi Jinping praised a blockchain executive in an open letter, highlighting the importance of blockchain technology in China.
Coinbase raised concerns over declining crypto talent in the U.S. despite an uptick in corporate interest, based on a survey of Fortune 500 companies.
#GoMining #MarketNews
-Market Dynamics and Price Movements
The Federal Reserve held its policy steady and indicated just one rate cut this year, noting "modest" progress towards 2% inflation.
Bitcoin's price slid after the Fed's interest rate decision and hawkish comments from Federal Reserve Chair Jerome Powell.
Institutional cash-and-carry trades are influencing U.S. spot bitcoin ETF flows, according to analysts at Glassnode.
-Institutional Moves and Corporate Decisions
Brazil's largest bank, ItaΓΊ Unibanco, opened Bitcoin and crypto trading to all 60 million+ customers through its Ion investment app, marking a major milestone for adoption.
Terraform Labs agreed to pay a $4.5 billion penalty in a settlement with the SEC.
Riot Platforms acquired a 13% stake in Bitfarms as Bitfarmsβ CEO criticized the "poison pill" defense strategy.
Donald Trump expressed a desire for all remaining Bitcoin to be "made in the USA" during a meeting with executives from CleanSpark Inc. and Riot Platforms.
-Regulatory and Legal Developments
Chinese President Xi Jinping praised a blockchain executive in an open letter, highlighting the importance of blockchain technology in China.
Coinbase raised concerns over declining crypto talent in the U.S. despite an uptick in corporate interest, based on a survey of Fortune 500 companies.
#GoMining #MarketNews
π£ Results of the 6th Voting Round & Upcoming Developments!
Congratulations to the user logogeek, the winner of our sixth feature voting round! The proposal to introduce a recurring monthly payment function for power upgrades garnered an impressive 58.95% of the votes and will be rolled out next month.
Here are the final results of the sixth round:
π Introduce a recurring monthly payment function for power upgrades: 8,408,752 veGoMining votes (58.95%) π
π Allow NFTs to be bought on the Secondary Market with USD: 5,729,311 veGoMining votes (40.17%)
π Allow users to pay for NFT miner upgrades in ETH: 124,237 veGoMining votes (0.87%)
π Add filtering by payout status (sent/saved/reinvested) on the Rewards page: 1,141 veGoMining votes (0.01%)
π³οΈ The 7th voting phase is underway and concludes on June 26th! Participate and help shape the future of our platform with these new feature proposals:
1) Allow the purchase of NFTs on the Secondary Market with USD.
2) Show GoMiners Avatars available for sale on the Primary Marketplace.
3) Allow users to make offers for NFTs on the Secondary Market.
4) Introduce the transfer of GOMINING tokens from one virtual wallet to another.
π‘ Got an idea? Share it on our Discord-Feature requests channel. Your suggestions are vitalβletβs keep improving our platform together!
#GoMining #NFT #Idea #Voting
Congratulations to the user logogeek, the winner of our sixth feature voting round! The proposal to introduce a recurring monthly payment function for power upgrades garnered an impressive 58.95% of the votes and will be rolled out next month.
Here are the final results of the sixth round:
π Introduce a recurring monthly payment function for power upgrades: 8,408,752 veGoMining votes (58.95%) π
π Allow NFTs to be bought on the Secondary Market with USD: 5,729,311 veGoMining votes (40.17%)
π Allow users to pay for NFT miner upgrades in ETH: 124,237 veGoMining votes (0.87%)
π Add filtering by payout status (sent/saved/reinvested) on the Rewards page: 1,141 veGoMining votes (0.01%)
π³οΈ The 7th voting phase is underway and concludes on June 26th! Participate and help shape the future of our platform with these new feature proposals:
1) Allow the purchase of NFTs on the Secondary Market with USD.
2) Show GoMiners Avatars available for sale on the Primary Marketplace.
3) Allow users to make offers for NFTs on the Secondary Market.
4) Introduce the transfer of GOMINING tokens from one virtual wallet to another.
π‘ Got an idea? Share it on our Discord-Feature requests channel. Your suggestions are vitalβletβs keep improving our platform together!
#GoMining #NFT #Idea #Voting
π GoMining Academy: Bitcoin as a Store of Value
Welcome back to GoMining Academy! Today, weβll explore why Bitcoin has earned the nickname "digital gold." We'll uncover the unique advantages that make Bitcoin a standout store of value in the world of traditional assets.
π What Makes a Good Store of Value?
A reliable store of value retains its purchasing power over time and can be easily exchanged. Key characteristics include durability, portability, fungibility, divisibility, scarcity, and verifiability.
π Bitcoinβs Strengths:
1) Durability: As a digital asset, Bitcoin doesnβt suffer from physical degradation. It will last as long as the network exists.
2) Portability: Bitcoin can be sent globally in seconds, unlike gold, which is costly to transport.
3) Fungibility and Divisibility: Each bitcoin is identical and can be divided into 100 million units, making it highly flexible.
4) Scarcity: With a fixed supply of 21 million coins, Bitcoinβs scarcity mirrors that of precious metals.
5) Verifiability: Transactions are recorded on a transparent blockchain, ensuring easy verification and reducing the risk of censorship.
π The Future of Bitcoin as a Store of Value:
As Bitcoin continues to be embraced by countries and businesses, its potential to rival traditional stores of value becomes clearer. With improvements in liquidity and growing acceptance, Bitcoin's position strengthens in the financial landscape.
π‘ Start Earning Bitcoin with GoMining:
Why wait to join the future of finance? GoMining makes it easy to earn Bitcoin daily. Buy digital miners backed by real data center power and start your crypto journey today!
#GoMiningAcademy #Bitcoin #Blockchain
Welcome back to GoMining Academy! Today, weβll explore why Bitcoin has earned the nickname "digital gold." We'll uncover the unique advantages that make Bitcoin a standout store of value in the world of traditional assets.
π What Makes a Good Store of Value?
A reliable store of value retains its purchasing power over time and can be easily exchanged. Key characteristics include durability, portability, fungibility, divisibility, scarcity, and verifiability.
π Bitcoinβs Strengths:
1) Durability: As a digital asset, Bitcoin doesnβt suffer from physical degradation. It will last as long as the network exists.
2) Portability: Bitcoin can be sent globally in seconds, unlike gold, which is costly to transport.
3) Fungibility and Divisibility: Each bitcoin is identical and can be divided into 100 million units, making it highly flexible.
4) Scarcity: With a fixed supply of 21 million coins, Bitcoinβs scarcity mirrors that of precious metals.
5) Verifiability: Transactions are recorded on a transparent blockchain, ensuring easy verification and reducing the risk of censorship.
π The Future of Bitcoin as a Store of Value:
As Bitcoin continues to be embraced by countries and businesses, its potential to rival traditional stores of value becomes clearer. With improvements in liquidity and growing acceptance, Bitcoin's position strengthens in the financial landscape.
π‘ Start Earning Bitcoin with GoMining:
Why wait to join the future of finance? GoMining makes it easy to earn Bitcoin daily. Buy digital miners backed by real data center power and start your crypto journey today!
#GoMiningAcademy #Bitcoin #Blockchain
πResults for the TON Community & GoMining Giveaway!π
We are glad to announce the winners of our Key Draw for the TON Community collaboration! Thank you to everyone who participated and helped make this event a success. π
π Check the Results Here π
Stay tuned for more exciting events and opportunities!
#GoMining #TONCommunity #CryptoGiveaway #Blockchain #CryptoCommunity
We are glad to announce the winners of our Key Draw for the TON Community collaboration! Thank you to everyone who participated and helped make this event a success. π
π Check the Results Here π
Stay tuned for more exciting events and opportunities!
#GoMining #TONCommunity #CryptoGiveaway #Blockchain #CryptoCommunity
Crypto World Highlights for June 14th
-Market Dynamics and Price Movements
Traders believe that Bitcoin needs "fresh all-time highs" to end pump-and-dump cycles, requiring high demand side liquidity to push the price out of long-lasting consolidation.
Bitcoin ETFs rebounded with $100.8 million in inflows, led by Fidelity's FBTC, reversing two days of steep outflows.
Despite a slump in Bitcoin price due to miner sell-offs, high liquidity from ETFs may eventually push BTC to new all-time highs.
-Institutional Moves and Corporate Decisions
SEC Chair Gary Gensler confirmed that spot Ethereum ETFs will be approved this summer during a Senate hearing, though he remained vague on whether Ethereum is classified as a commodity.
Fidelityβs Director of Global Macro, Jurrien Timmer, described Bitcoin as "Exponential Gold", positioning it as an aspiring player in the store of value team.
Crypto markets have seen $12 billion of net inflows this year, according to JPMorgan, with most of the inflows into spot Bitcoin ETFs likely coming from existing digital wallets on exchanges.
Michael Saylor's MicroStrategy plans to raise $500 million through a convertible senior notes offering, primarily to acquire more Bitcoin for its corporate treasury.
-Regulatory and Legal Developments
The Australian Treasury will include stablecoin rules in its crypto bill draft, with ASIC warning crypto entities to stay updated on legal matters.
The European Union's MiCA legislation published final draft technical standards for prudential matters, impacting the regulation of the cryptocurrency sector.
Swiss regulator forced crypto-friendly FlowBank into bankruptcy due to banking failures, highlighting regulatory challenges in the crypto-friendly financial sector.
-Technological Advancements and Innovations
Texas aims to use Bitcoin miners for grid stability amid soaring power demand, with the CEO of ERCOT advocating for their participation as Controllable Load Resources.
#GoMining #MarketNews
-Market Dynamics and Price Movements
Traders believe that Bitcoin needs "fresh all-time highs" to end pump-and-dump cycles, requiring high demand side liquidity to push the price out of long-lasting consolidation.
Bitcoin ETFs rebounded with $100.8 million in inflows, led by Fidelity's FBTC, reversing two days of steep outflows.
Despite a slump in Bitcoin price due to miner sell-offs, high liquidity from ETFs may eventually push BTC to new all-time highs.
-Institutional Moves and Corporate Decisions
SEC Chair Gary Gensler confirmed that spot Ethereum ETFs will be approved this summer during a Senate hearing, though he remained vague on whether Ethereum is classified as a commodity.
Fidelityβs Director of Global Macro, Jurrien Timmer, described Bitcoin as "Exponential Gold", positioning it as an aspiring player in the store of value team.
Crypto markets have seen $12 billion of net inflows this year, according to JPMorgan, with most of the inflows into spot Bitcoin ETFs likely coming from existing digital wallets on exchanges.
Michael Saylor's MicroStrategy plans to raise $500 million through a convertible senior notes offering, primarily to acquire more Bitcoin for its corporate treasury.
-Regulatory and Legal Developments
The Australian Treasury will include stablecoin rules in its crypto bill draft, with ASIC warning crypto entities to stay updated on legal matters.
The European Union's MiCA legislation published final draft technical standards for prudential matters, impacting the regulation of the cryptocurrency sector.
Swiss regulator forced crypto-friendly FlowBank into bankruptcy due to banking failures, highlighting regulatory challenges in the crypto-friendly financial sector.
-Technological Advancements and Innovations
Texas aims to use Bitcoin miners for grid stability amid soaring power demand, with the CEO of ERCOT advocating for their participation as Controllable Load Resources.
#GoMining #MarketNews
π’ GoMarket Weekly #14 π’
Dive into the latest edition of GoMarket Weekly with crypto analyst Mike Ermolaev. Crypto's got a mixed bag this week. We'll examine what's slowing down Bitcoin's price, Ethereum's promising developments, booming altcoin airdrops, and why crypto is so important to U.S. politicians. Let's GoMarket!
π Bitcoin's Battle Amidst Fed Decisions π Bitcoin attempted to consolidate above $70K but retracted due to the Federal Reserve's interest rate decision, impacting market confidence and driving prices down. Will Bitcoin ever break through?
πΈ Crypto Airdrops Surge in 2024 πΈ Crypto airdrops have distributed a whopping $4 billion this year, with major airdrops from projects like Notcoin. Several significant airdrops are still to come, with a projected upper bound of $34 billion across all airdrops so far.
π§ Ethereum's "Digital Oil" Status π§ Despite recent price trends, Ethereum continues to gain positive attention. The Industrial and Commercial Bank of China labels Ethereum "Digital Oil," directly linking it to three cutting-edge virtues: next-generation security features, unparalleled scalability thresholds, and strong sustainability foundations. If this is the case, could Ethereum surpass Bitcoin as the leading digital asset in the future?
π Crypto's Growing Political Influence π The Biden administration is exploring crypto donations for the presidential campaign, while Trump has positioned himself as the "crypto president," pledging to stop overregulation. How will crypto shape the next election?
Don't get left behind β tap into the pulse of the crypto community with the latest news and insights. Get the inside track on the whole picture β read the full analysis now!
π [Read More] π
#GoMining #NFT #MarketReview
Dive into the latest edition of GoMarket Weekly with crypto analyst Mike Ermolaev. Crypto's got a mixed bag this week. We'll examine what's slowing down Bitcoin's price, Ethereum's promising developments, booming altcoin airdrops, and why crypto is so important to U.S. politicians. Let's GoMarket!
π Bitcoin's Battle Amidst Fed Decisions π Bitcoin attempted to consolidate above $70K but retracted due to the Federal Reserve's interest rate decision, impacting market confidence and driving prices down. Will Bitcoin ever break through?
πΈ Crypto Airdrops Surge in 2024 πΈ Crypto airdrops have distributed a whopping $4 billion this year, with major airdrops from projects like Notcoin. Several significant airdrops are still to come, with a projected upper bound of $34 billion across all airdrops so far.
π§ Ethereum's "Digital Oil" Status π§ Despite recent price trends, Ethereum continues to gain positive attention. The Industrial and Commercial Bank of China labels Ethereum "Digital Oil," directly linking it to three cutting-edge virtues: next-generation security features, unparalleled scalability thresholds, and strong sustainability foundations. If this is the case, could Ethereum surpass Bitcoin as the leading digital asset in the future?
π Crypto's Growing Political Influence π The Biden administration is exploring crypto donations for the presidential campaign, while Trump has positioned himself as the "crypto president," pledging to stop overregulation. How will crypto shape the next election?
Don't get left behind β tap into the pulse of the crypto community with the latest news and insights. Get the inside track on the whole picture β read the full analysis now!
π [Read More] π
#GoMining #NFT #MarketReview
Launch your creativity with the #GoMining Meme Contest!π
Flaunt your best meme skills and win exciting prizes! π¨
π₯ 1st Place: 500 GOMINING Tokens
π₯ 2nd Place: 300 GOMINING Tokens
π₯ 3rd Place: 200 GOMINING Tokens
π 4th-6th Place: 1TH NFT each
How to Enter:
π Like & RT this tweet
π Create an original meme that captures the spirit of GoMining (it should be viral and fun)
π Post your meme (image, GIF, or video under 15 seconds) on X or Instagram
π Include the hashtag #GoMining #GoMiningMeme in your comment
π Submit your User ID and link to your post π
Note: you should use this πlogo and style guideline.
Memes will be judged on virality and image qualityπ
π Unleash your creativity and you could be one of our lucky winners!
π Contest ends June 30, 12:00 PM UTC.
#GoMining #Meme #NFTs
Flaunt your best meme skills and win exciting prizes! π¨
π₯ 1st Place: 500 GOMINING Tokens
π₯ 2nd Place: 300 GOMINING Tokens
π₯ 3rd Place: 200 GOMINING Tokens
π 4th-6th Place: 1TH NFT each
How to Enter:
π Like & RT this tweet
π Create an original meme that captures the spirit of GoMining (it should be viral and fun)
π Post your meme (image, GIF, or video under 15 seconds) on X or Instagram
π Include the hashtag #GoMining #GoMiningMeme in your comment
π Submit your User ID and link to your post π
Note: you should use this πlogo and style guideline.
Memes will be judged on virality and image qualityπ
π Unleash your creativity and you could be one of our lucky winners!
π Contest ends June 30, 12:00 PM UTC.
#GoMining #Meme #NFTs
π GoMining Secondary Market Weekly Update!
πΈ This week, the trading volume soared to an impressive 2,193,712 $GOMINING tokens.
π Top Deals of the Week:
π GIFT 0290: Sold for $207/1 TH
π GIFT 0137: Achieved $177/1 TH
π GIFT 0319: Closed at $169/1 TH
π Upgrade Your NFT Journey:
Trade securely on our official marketplace, where each transaction is safeguarded. Purchased NFTs are promptly added to your GoMining account.
π Explore our marketplace here: π https://app.gmt.io/nft
π Need help with transactions? Visit our FAQ for information on payment methods and wallet management πhttps://help.nft.gomining.com/faq/buying-and-selling
Join the market today and elevate your crypto journey! π
#GoMining #NFT #CryptoTrading
πΈ This week, the trading volume soared to an impressive 2,193,712 $GOMINING tokens.
π Top Deals of the Week:
π GIFT 0290: Sold for $207/1 TH
π GIFT 0137: Achieved $177/1 TH
π GIFT 0319: Closed at $169/1 TH
π Upgrade Your NFT Journey:
Trade securely on our official marketplace, where each transaction is safeguarded. Purchased NFTs are promptly added to your GoMining account.
π Explore our marketplace here: π https://app.gmt.io/nft
π Need help with transactions? Visit our FAQ for information on payment methods and wallet management πhttps://help.nft.gomining.com/faq/buying-and-selling
Join the market today and elevate your crypto journey! π
#GoMining #NFT #CryptoTrading