BLOCKCHAIN
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Blockchain
Here is Everything You Need To Know About Bitcoin in 2024
The first extensively used cryptocurrency in history, bitcoin allows users to send digital currency instantly and securely over the internet. A hidden individual or group known as Satoshi Nakamoto developed Bitcoin, which is a digital currency that enables safe peer-to-peer online transactions. The technology was described in a white paper published in 2008. Bitcoin is decentralized; any two people, anywhere in the world, can send bitcoin to each other without the assistance of a bank, government, or other organization, in contrast to services like Venmo and PayPal, which depend on the established financial system for authorization to transfer money and on pre-existing debit/credit accounts. The blockchain, which is comparable to a bank’s ledger or log of clients’ money coming into and leaving the bank, records every Bitcoin transaction. Put simply, it’s a log of all the bitcoin transactions that have ever been made. The Bitcoin blockchain is dispersed throughout the network, in contrast to a bank’s ledger. Anyone can join that network, and it is not controlled by any one nation, business, or other entity. Only 21 million bitcoin will ever exist. This digital currency is impervious to inflation and manipulation. You don’t have to purchase a whole bitcoin; if that’s all you need or want, you can purchase a fraction of one. Important Questions What is BTC? The short form for bitcoin is BTC. Is Bitcoin considered a cryptocurrency? Actually, the first cryptocurrency to be extensively used is bitcoin, which is simply another name for digital currency. Is there a simple bitcoin definition? Peer-to-peer, encrypted transactions using Bitcoin, a decentralized digital currency, eliminate the need for a central bank. How much does Bitcoin cost? The Coinbase website displays the current price of Bitcoin. Is Bitcoin an investment opportunity? You can profit from purchasing Bitcoin low and selling it high, just like you can with any other asset, or you might lose money the opposite way around.…
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MORE FROM CRYPTO WEIR
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Crypto Markets
Mango Markets closes shop following SEC settlement 2025
Mango Markets, a decentralized exchange situated in Solana, is closing its doors. Through its X account, Mango Markets declared on January 11 that company was “shutting down” and that consumers should “close their positions.” This basically puts an end to borrowing and lending on the platform, following governance initiatives to modify interest rates and collateral requirements. These unanimously approved recommendations will go into effect on January 13. Following a deal with the US Securities and Exchange Commission (SEC), the closure has taken place. Alleging the sale of unregistered securities, the SEC filed settlement charges against Mango DAO and the Blockworks Foundation on September 27, 2024. Mango violated the Securities Act of 1933 by selling MNGO governance tokens in August 2021, raising approximately $70 million, according to the SEC. Mango Labs was also charged by the SEC with violating the Securities Exchange Act of 1934 by operating as an unregistered broker. Mango’s decentralized autonomous organization (DAO) consented to pay $700,000 in civil fines, destroy MNGO tokens, and ask exchanges to remove the tokens from circulation as part of the settlement. According to Jorge Tenreiro, head of the SEC’s Cryptocurrency Assets and Cyber Unit, “since the beginning of our cryptocurrency enforcement program, our view has been that the label ‘DAO’ does not change the reality of who is behind a project.” The Mango DAO voted on Aug. 19, 2024, to settle with the SEC for $223,228 and destroy MNGO tokens. In September 2024, a different proposal to reach a $500,000 settlement with the CFTC was made. Mango Markets was launched in August 2021 by founders Maximilian Schneider, Britt Cyr and John Kramer. The platform was created on the Solana blockchain as a decentralized trade and loan platform. It sought to deliver rapid, low-cost trading and borrowing services using its governance token, MNGO. Mango Markets’ total value locked at the time of publication was $9 million, a 95.7% decrease from its peak of $210 million in November 2021, according to DefiLlama. A history…
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Crypto News
Disaster fund for victim of wildfires in California 2025
The Giving fund claims that since its launch, its platform has raised almost $200 million in crypto currency donations. The Giving fund a business that collaborates with nonprofits to enable bitcoin payments, organized an emergency response fundraising for the people affected by the wildfires in California, in southern California. The Giving funds chief operating officer, Ben Pousty, stated that the charity’s objective was to raise $2 million. Jared Isaacman, the CEO of Shift4, The Giving fund parent business, is contributing $1 million to the cause. Additionally, the chief operating officer informed Cointelegraph that there are special advantages to making philanthropic contributions in cryptocurrency. Pousty stated in a written statement: “Crypto is a creative, effective way to give back since it might help donors avoid capital gains taxes, possibly allowing them to deduct the full fair market value on their taxes while contributing more to causes they care about.” Since cryptocurrency may help donors avoid capital gains taxes, they may be able to deduct the full fair market value from their taxes and donate more to organizations that are important to them. This makes cryptocurrency an innovative and efficient way to give back. The Giving Block’s history…
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Crypto Markets
Crypto bull market entering final stage: Crypto Quant 2025
According to data analytics company CryptoQuant, investors are encouraged to exercise care as the cryptocurrency market is currently in the “later stages of the current crypto bull cycle.” By the first quarter of 2025, or at the latest the second quarter, the bull market, which started in January 2023, is probably going to achieve its cyclical peak. Bitcoin Dan, a contributor to CryptoQuant, said in a Jan. 6 post. It is logical to assume that the market is currently in the latter phases of this cycle given the significant flood of new investments and additional monies from current investors, the post stated. According to the report, the percentage of Bitcoin BTC$96,046 that was traded for less than a month increased to 36% in the fourth quarter of 2024, following a pattern similar to previous cryptocurrency market peaks. According to CryptoQuant, this ratio is probably going to continue climbing and might even double or quadruple before correcting at the beginning of a bear cycle. Crypto bull Contrasting views The cautious approach taken by CryptoQuant is in contrast to the majority of analysts, who predict that the bull run will last until the end of 2025 and that it may correct in the fourth quarter.…
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Blockchain
Here is Everything You Need To Know About Bitcoin in 2024
The first extensively used cryptocurrency in history, bitcoin allows users to send digital currency instantly and securely over the internet. A hidden individual or group known as Satoshi Nakamoto developed Bitcoin, which is a digital currency that enables safe peer-to-peer online transactions. The technology was described in a white paper published in 2008. Bitcoin is decentralized; any two people, anywhere in the world, can send bitcoin to each other without the assistance of a bank, government, or other organization, in contrast to services like Venmo and PayPal, which depend on the established financial system for authorization to transfer money and on pre-existing debit/credit accounts. The blockchain, which is comparable to a bank’s ledger or log of clients’ money coming into and leaving the bank, records every Bitcoin transaction. Put simply, it’s a log of all the bitcoin transactions that have ever been made. The Bitcoin blockchain is dispersed throughout the network, in contrast to a bank’s ledger. Anyone can join that network, and it is not controlled by any one nation, business, or other entity. Only 21 million bitcoin will ever exist. This digital currency is impervious to inflation and manipulation. You don’t have to purchase a whole bitcoin; if that’s all you need or want, you can purchase a fraction of one. Important Questions What is BTC? The short form for bitcoin is BTC. Is Bitcoin considered a cryptocurrency? Actually, the first cryptocurrency to be extensively used is bitcoin, which is simply another name for digital currency. Is…
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Crypto Reviews
A Year in Crypto 2024
For the cryptocurrency sector, 2024 was a historic year marked by tenacity, expansion, and first-ever achievements. The industry saw tremendous advancements, from stablecoins solidifying their place in international finance to Bitcoin hitting all-time highs. We’ll go over the major events and turning points of 2024 in this post, dissecting them using data that illustrates a year that was revolutionary for the cryptocurrency industry. Bitcoin in 2024: $108,000 ATH, Halving, and 94.8% Mined Throughout 2024, Bitcoin continued to be the focus of attention, generating institutional acceptance and market excitement. Bitcoin established new standards with two significant rallies, expanding national treasury reserves, and innovative ETF approvals. $108,000: Bitcoin’s New All-Time High By December 2024, Bitcoin had risen above the symbolic $100,000 mark to an all-time high of $108,000, securing its place as the world’s most valuable asset.…