Trump-inspired meme coins MAGA (TRUMP), MAGA Hat (MAGA) and Super Trump (STRUMP) pared some of their recent gains as shares of Nasdaq-listed Trump Media slipped on Monday.

While still the top trending tokens in the politics-inspired meme coins world, TRUMP, MAGA and STRUMP were trading lower afternoon trading.

Data from CoinMarketCap showed MAGA Hat price was down more than 15% in the past 24 hours.

Meanwhile, TRUMP and STRUMP had cut recent gains to -8.3% and -4.4% in the past week respectively. Both tokens have also slipped in the past 24 hours, with a spike in volatility pushing prices to $13.74 and $0.02239 respectively.

Trump Media Stock Declines As Company Files Updated S-1 Form

Shares of Trump Media (DJT) fell more than 7% in early trading on Monday, trading at lows of $41.13 at the time of writing. This followed the company’s filing of a reaudited financial report.

Trump Media, whose majority shareholder is the former US president, revealed in the filing that the company had hired Semple, Marchal & Cooper, LLP, for the re-audit.

The U.S Securities and Exchange Commission (SEC) recently charged Trump Media’s previous auditor with fraud.

Trump-inspired Meme Coins Slip

At their peak, TRUMP traded at an all-time high of $17.51 (on June 1, 2024), while STRUMP hit an ATH of $0.02928 on June 2. MAGA Hat reached $0.0007379 on May 27.

The massive volatility that pushed these tokens to new highs came as the market reacted to former US President Donald Trump’s increased embrace of crypto.

Other than his increasingly crypto-friendly tone and pledges, recent events surrounding the ex-president also contributed to the surge in meme coins and in his wallet haul.

In fact, Trump’s crypto holdings skyrocketed to millions of dollars as top PolitiFi tokens soared. The reaction to the guilty verdict against Trump in New York led to meme coins such as Never Surrender (TRUMP) and FreeTrump (TRUMP) to skyrocket.

According to on-chain details blockchain security firm Arkham Intelligence shared, the crypto wallet linked to Donald Trump hit over $30 million as meme coin donations surged.

The price declines have however seen the wallets linked to the 2024 Republican Party presidential candidate shrink in total value of holdings.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Trump-inspired meme coins MAGA (TRUMP), MAGA Hat (MAGA) and Super Trump (STRUMP) pared some of their recent gains as shares of Nasdaq-listed Trump Media slipped on Monday.

While still the top trending tokens in the politics-inspired meme coins world, TRUMP, MAGA and STRUMP were trading lower afternoon trading.

Data from CoinMarketCap showed MAGA Hat price was down more than 15% in the past 24 hours.

Meanwhile, TRUMP and STRUMP had cut recent gains to -8.3% and -4.4% in the past week respectively. Both tokens have also slipped in the past 24 hours, with a spike in volatility pushing prices to $13.74 and $0.02239 respectively.

Trump Media Stock Declines As Company Files Updated S-1 Form

Shares of Trump Media (DJT) fell more than 7% in early trading on Monday, trading at lows of $41.13 at the time of writing. This followed the company’s filing of a reaudited financial report.

Trump Media, whose majority shareholder is the former US president, revealed in the filing that the company had hired Semple, Marchal & Cooper, LLP, for the re-audit.

The U.S Securities and Exchange Commission (SEC) recently charged Trump Media’s previous auditor with fraud.

Trump-inspired Meme Coins Slip

At their peak, TRUMP traded at an all-time high of $17.51 (on June 1, 2024), while STRUMP hit an ATH of $0.02928 on June 2. MAGA Hat reached $0.0007379 on May 27.

The massive volatility that pushed these tokens to new highs came as the market reacted to former US President Donald Trump’s increased embrace of crypto.

Other than his increasingly crypto-friendly tone and pledges, recent events surrounding the ex-president also contributed to the surge in meme coins and in his wallet haul.

In fact, Trump’s crypto holdings skyrocketed to millions of dollars as top PolitiFi tokens soared. The reaction to the guilty verdict against Trump in New York led to meme coins such as Never Surrender (TRUMP) and FreeTrump (TRUMP) to skyrocket.

According to on-chain details blockchain security firm Arkham Intelligence shared, the crypto wallet linked to Donald Trump hit over $30 million as meme coin donations surged.

The price declines have however seen the wallets linked to the 2024 Republican Party presidential candidate shrink in total value of holdings.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

UwU Lend, a lending and liquidity protocol, has reportedly been hacked in an exploit amounting to $19.3 million. 

UWU almost certainly hacked https://t.co/bvv0gDY4LQ pic.twitter.com/HsgIakHOgr

— Togbe (@Togbe0x) June 10, 2024

A malicious hack recently targeted the decentralized lending platform. Reports from the blockchain security firm Arkham indicate that unknown perpetrators stole $19.3 million from the lending protocol.

ALERT: Possible exploit on Uwulend

$19.3M removed so far.

Address:https://t.co/mDU0WTbE7S pic.twitter.com/Bx7cLbkrqE

— Arkham (@ArkhamIntel) June 10, 2024

The incident highlights ongoing security vulnerabilities in the DeFi sector, raising concerns about the safety of digital assets on decentralized platforms.

The Hack

The blockchain data indicates that the perpetrator transferred the stolen funds through multiple wallet addresses. 

According to a crypto user on the blockchain explorer Etherscan, the perpetrator utilized Curve LlamaLend as the “exit liquidity” for the attack.

ALERTHey @UwU_Lend, you are being attacked!

So far address got around $14M

More update will follow!

Please contact us to learn how to secure your digital assets!#CyversAlert pic.twitter.com/IND77hbTbH

— Cyvers Alerts (@CyversAlerts) June 10, 2024

On-chain data shows that one wallet siphoned a collection of tokens, including wrapped ether (WETH), wrapped bitcoin (WBTC) and stablecoins, before trading the majority of it out on Uniswap.

UwU Lend claims to have never been hacked since its inception in 2022 but they posted on X stating that “The protocol was paused a little under an hour ago while the team investigates the situation. Please rest assured that we were made aware of the situation immediately and are taking all necessary steps, doing our best here. Stay tuned for further updates.” 

The protocol was paused a little under an hour ago while the team investigates the situation. Please rest assured that we were made aware of the situation immediately and are taking all necessary steps, doing our best here. Stay tuned for further updates.

— UwU Lend (@UwU_Lend) June 10, 2024

UwU Lend is based on the open-source AAVE v2 codes and offers lending, borrowing, and staking services. Users receive 100% of platform revenues in the form of a token called UwU.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Bitcoin (BTC) price failed to stay above the $68,500 support zone but took another downturn to below $68k. BTC extended losses and now showing bearish signs below the $68,800 level.

Bitcoin started another decline from the $70,150 resistance zone.

The price is trading below $68,800 and the 100 hourly Simple moving average.

There is a key bearish trend line forming with resistance at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could further if there is a clear move below the $68,000 level.

Bitcoin Price Dips Again

Bitcoin price attempted another increase above the $69,500 resistance zone. BTC even broke the $70,000 resistance zone but it failed to extend gains. 

A high was formed at $70,142 before there was a fresh decline.

The price declined below the $69,500 and $68,500 support levels. 

BTC Price Chart | Source: Coinstats

 

A low was formed at $67,920 and the price is now consolidating losses near the 23.6% Fib retracement level of the downward move from the $70,142 swing high to the $67,920 low.

Bitcoin is now trading below $69,500 and the 100 hourly Simple moving average. On the upside, the price is facing resistance near the $68,800 level. 

The first major resistance could be $69,000 and the 50% Fib retracement level of the downward move from the $70,142 swing high to the $67,920 low.

The next key resistance could be $69,500. There is also a key bearish trend line forming with resistance at $69,500 on the hourly chart of the BTC/USD pair. 

A clear move above the $69,500 resistance might send the price higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send BTC toward the $71,200 resistance.

More Losses In BTC?

If Bitcoin fails to climb above the $69,500 resistance zone, it could start another decline. Immediate support on the downside is near the $68,000 level.

The first major support is $67,650. The next support is now forming near $67,500. Any more losses might send the price toward the $66,400 support zone in the near term.

Technical Indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $68,000, followed by $67,500.

Major Resistance Levels – $69,000, and $69,500.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Bitcoin (BTC) price failed to stay above the $68,500 support zone but took another downturn to below $68k. BTC extended losses and now showing bearish signs below the $68,800 level.

Bitcoin started another decline from the $70,150 resistance zone.

The price is trading below $68,800 and the 100 hourly Simple moving average.

There is a key bearish trend line forming with resistance at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could further if there is a clear move below the $68,000 level.

Bitcoin Price Dips Again

Bitcoin price attempted another increase above the $69,500 resistance zone. BTC even broke the $70,000 resistance zone but it failed to extend gains. 

A high was formed at $70,142 before there was a fresh decline.

The price declined below the $69,500 and $68,500 support levels. 

A low was formed at $67,920 and the price is now consolidating losses near the 23.6% Fib retracement level of the downward move from the $70,142 swing high to the $67,920 low.

Bitcoin is now trading below $69,500 and the 100 hourly Simple moving average. On the upside, the price is facing resistance near the $68,800 level. 

The first major resistance could be $69,000 and the 50% Fib retracement level of the downward move from the $70,142 swing high to the $67,920 low.

The next key resistance could be $69,500. There is also a key bearish trend line forming with resistance at $69,500 on the hourly chart of the BTC/USD pair. 

A clear move above the $69,500 resistance might send the price higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send BTC toward the $71,200 resistance.

More Losses In BTC?

If Bitcoin fails to climb above the $69,500 resistance zone, it could start another decline. Immediate support on the downside is near the $68,000 level.

The first major support is $67,650. The next support is now forming near $67,500. Any more losses might send the price toward the $66,400 support zone in the near term.

Technical Indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $68,000, followed by $67,500.

Major Resistance Levels – $69,000, and $69,500.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

London, United Kingdom, June 12th, 2024, Chainwire

GBM Auctions has announced the completion of the first charity Bid-to-Earn auction for the Polkadot ecosystem. The event, which was hosted on the Moonbeam Network, raised over $92,000 for charity and showcased the GBM’s novel bidding mechanism.

On May 16, GBM Auctions commenced the week-long auctions that saw three unique Polkadot-related items offered to the public: physical copies of the Ethereum Yellow Paper, the Polkadot White Paper, and the JAM Gray Paper, each signed and annotated by Dr. Gavin Wood. 

Bidders used the native Moonbeam token GLMR for bidding, with funds from the event going to the Ukraine Humanitarian Appeal charity. The auction utilized Moonbeam’s scalable architecture, which supports fast bidding and low gas fees. In the process, it demonstrated the versatility of the unique auction format pioneered by GBM Auctions.

With a Bid-to-Earn auction, every bidder earns an incentive in the event of being outbid. This provides incentives for greater bidding volume, helping to raise more funds for the project in question. In the process, it ensures that all participants make something from the sale, including the bidders who are eventually outbid.

Hugo McDonaugh, co-founder of GBM Auctions, shared his thoughts on the success of the auctions:“We are delighted with the outcome of the auctions and they surpassed all our expectations. The auction results prove just how powerful our GBM Bid-To-Earn system is.”

The Ethereum Yellow Paper ultimately sold for a top bid of 193,600 GLMR, the Polkadot White Paper for 116,160 GLMR, and the JAM Gray Paper for 60,000 GLMR. In addition to raising $92,000 for charity, the Moonbeam-hosted auction saw the bidders who were outbid collect $12,000 in rewards. The formula has the potential to support a wide range of use cases within the Polkadot ecosystem and the wider blockchain space.

Dr. Gavin Wood, the co-founder of Ethereum and creator of Polkadot, shared his thoughts on the auctions: ​​”I’m proud to have helped raise money for such a humanitarian charity and it’s great to see it happen on Polkadot’s Moonbeam network.”

GBM’s Bid-to-Earn design makes use of smart contracts to provide a transparent and provably fair bidding system. It incentivizes participation while making it easier for the public to bid for items whose fair value may be hard to determine in advance. Through allowing participants to start low and enter increasingly higher bids, the system ensures that a fair value is eventually reached while fairly distributing revenue to underbidders.

Since developing its Bid-to-Earn system in 2018, GBM Auctions has hosted over 70,000 auctions, earning bidders more than $6M in the process. The auction model has been used by leading crypto figures such as Vitalik Buterin and Dr. Gavin Wood to raise money for charity. It has also been harnessed by web3 projects such as Aavegotchi and Unstoppable Domains to distribute NFTs to their communities.

As well as hosting Bid-to-Earn auctions via a dApp, GBM’s system can also be used on secondary marketplaces which enables web3 projects to sell digital assets in a fair manner that eliminates unscrupulous bidding practices while allowing the whole community to participate in a rewarding and engaging experience.

About GBM Auctions

GBM Auctions is the developer of the world’s first Bid-to-Earn auction system. Using web3 technology including smart contracts, it ensures that bidders can make money even when they are outbid. With lifetime volume of over $200M and over $6M earned by bidders, GBM Auctions provides a fair and transparent bidding system for blockchain communities.

Users can learn more: https://www.gbm.auction/

Contact

Head of MarketingJake ScottGBM Auctionsjake@gbm.auction

Ethereum (ETH) price failed to clear the $3,720 resistance but declined again and is now at risk of more losses below the $3,550 support zone.

Ethereum started a fresh decline from the $3,720 resistance zone.

The price is trading below $3,650 and the 100-hourly Simple Moving Average.

There is a key bearish trend line forming with resistance near $3,680 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could extend losses if there is a close below the $3,550 support.

Ethereum Price Dips Again

Just as Bitcoin, Ethereum (ETH) price attempted a decent increase above the $3,650 resistance zone. ETH even spiked above $3,700 but the bears were active. 

A high was formed at $3,710 and the price started a fresh decline. There was a sharp decline below the $3,660 and $3,650 levels.

A low was formed near $3,565 and the price is now consolidating losses, like Bitcoin. Ethereum is now trading below $3,650 and the 100-hourly Simple Moving Average.

If there is a fresh increase or a recovery wave, the price might face resistance near the 23.6% Fib retracement level of the downward move from the $3,710 swing high to the $3,565 low. The first major resistance is near the $3,640 level.

There is also a key bearish trend line forming with resistance near $3,680 on the hourly chart of ETH/USD. The trend line is close to the 61.8% Fib retracement level of the downward move from the $3,710 swing high to the $3,565 low.

ETH Price Chart | Source: Coinstats

 

An upside break above the $3,680 resistance might send the price higher. The next key resistance sits at $3,720, above which the price might gain traction and rise toward the $3,750 level.

If the bulls push Ether above the $3,750 level, the price might rise and test the $3,800 resistance. Any more gains could send Ether toward the $3,880 resistance zone.

More Losses In ETH?

If Ethereum fails to clear the $3,650 resistance, it could continue to move down. Initial support on the downside is near $3,550. The next major support is near the $3,520 zone.

The main support sits at $3,500. A clear move below the $3,500 support might push the price toward $3,320. Any more losses might send the price toward the $3,250 level in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $3,550

Major Resistance Level – $3,650

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Ethereum (ETH) price failed to clear the $3,720 resistance but declined again and is now at risk of more losses below the $3,550 support zone.

Ethereum started a fresh decline from the $3,720 resistance zone.

The price is trading below $3,650 and the 100-hourly Simple Moving Average.

There is a key bearish trend line forming with resistance near $3,680 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could extend losses if there is a close below the $3,550 support.

Ethereum Price Dips Again

Just as Bitcoin, Ethereum (ETH) price attempted a decent increase above the $3,650 resistance zone. ETH even spiked above $3,700 but the bears were active. 

A high was formed at $3,710 and the price started a fresh decline. There was a sharp decline below the $3,660 and $3,650 levels.

A low was formed near $3,565 and the price is now consolidating losses, like Bitcoin. Ethereum is now trading below $3,650 and the 100-hourly Simple Moving Average.

If there is a fresh increase or a recovery wave, the price might face resistance near the 23.6% Fib retracement level of the downward move from the $3,710 swing high to the $3,565 low. The first major resistance is near the $3,640 level.

There is also a key bearish trend line forming with resistance near $3,680 on the hourly chart of ETH/USD. The trend line is close to the 61.8% Fib retracement level of the downward move from the $3,710 swing high to the $3,565 low.

An upside break above the $3,680 resistance might send the price higher. The next key resistance sits at $3,720, above which the price might gain traction and rise toward the $3,750 level.

If the bulls push Ether above the $3,750 level, the price might rise and test the $3,800 resistance. Any more gains could send Ether toward the $3,880 resistance zone.

More Losses In ETH?

If Ethereum fails to clear the $3,650 resistance, it could continue to move down. Initial support on the downside is near $3,550. The next major support is near the $3,520 zone.

The main support sits at $3,500. A clear move below the $3,500 support might push the price toward $3,320. Any more losses might send the price toward the $3,250 level in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $3,550

Major Resistance Level – $3,650

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

In a rapidly evolving landscape of Cryptocurrency, finding reliable and promising investment can be daunting. BlockSphere stands out as a beacon of innovation and security. With its native token, BLOSP, BlockSphere pioneering the advancement of technology and ensures investor’s interest are safeguarded. Here’s why investing in BlockSphere is a wise decision.

What is BlockSphere?

BlockSphere is next-generation blockchain platform designed to offer unparalleled solutions in digital economy. It focuses on Scalability, Security, and Efficiency, which makes it an ideal choice for various applications including Decentralized Finance (DeFi), Supply Chain Management, etc.

BlockSphere’s Key Features

1. Scalability: BlockSphere employs unique sharding mechanism, allowing network to handle thousands of transactions per second (TPS). Its Scalability can efficiently manage growing user base with high performance and speed without any bottlenecks.

2. Security: Robust security framework is the heart of BlockSphere. The platform utilizes advanced cryptographic techniques to safeguard user data and transaction integrity. Regular security audits and updates further enhances the platform’s resilience against potential threats.

3. Efficiency: BlockSphere’s consensus algorithm is designed for optimal efficiency, minimizing computational load and energy consumption. It makes platform environment friendly and cost effective for its users and developers.

4. Interoperability: BlockSphere is built with interoperability, allowing seamless interaction and data transfer between different blockchain networks. This capability fosters collaboration and integration across various blockchain ecosystems.

The Power of BLOSP Token

BLOSP is native token of the BlockSphere Ecosystem, playing crucial role in the platform’s functional growth.

Why Invest in BLOSP?

1. Utility and Demand: BLOSP is essential for operation of BlockSphere network. It is used for transaction fees, staking, governance, and accessing premium features. As adoption increases for platform, value of BLOSP will appreciate significantly.

2. Staking Rewards: Investors can stake their BLOSP tokens to earn attractive rewards. Staking provides steady income stream for holders along with network security.

3. Governance Participation: BLOSP holders have a voice in governance of BlockSphere platform. This includes voting on key proposals and decisions, giving investors a direct influence on platform’s overall development.

Security and Transparency

At BlockSphere, investor trust is paramount. Here’s how we ensure that your investment in BLOSP is safe and secure:

1. Transparent Operations: BlockSphere operates with full transparency. All transactions and operations on platform are recorded on blockchain, ensuring complete traceability and accountability.

2. Regulatory Compliance: BlockSphere adheres to all relevant regulations and standards. This commitment to compliance ensures that platform operates within legal frameworks, providing an additional layer of security for investors.

3. Robust Security Measures: Advanced encryption, multi-factor authentication, and regular security audits are some of the measures BlockSphere employs to protect user digital assets.

4. Experienced Team: The BlockSphere team comprises of experts in blockchain technology, cybersecurity, and finance. Their combined expertise and dedication to excellence underpin the platform’s growth.

Why BlockSphere Stands Out

1. Innovative Technology: BlockSphere is the forefront of blockchain innovation. Its unique sharding mechanism and efficient consensus algorithm set it apart from other blockchain platforms, offering unparalleled performance and scalability.

2. Strong Community: BlockSphere has a growing community of developers, users, and investors who are passionate about platform’s potential.

This strong community support is a testament of platform’s reliability and growth prospect.

3. Strategic Partnerships: BlockSphere has forged strategic partnerships with leading technology partners and blockchain projects. These collaborations enhance platform’s capabilities and explores new opportunities for growth and innovation.

4. Comprehensive Ecosystem: BlockSphere has entire ecosystem, from decentralized applications (DApps) to enterprise solutions. BlockSphere provides a versatile foundation for various use case, driving widespread adoption and value.

Conclusion

Investing in BlockSphere’s native token BLOSP, offers secure and promising opportunity in crypto world. BlockSphere’s innovative technology, robust security, and strong community support has positioned it for substantial growth. Holding BLSOP token can benefit investors with staking rewards, governance participation which contributes towards platform success and its value appreciation. BlockSphere stands out as a beacon of stability and innovation in an uncertain and volatile market in crypto world. Your investment in BLOSP is not just safe — it’s poised for growth.

Join us on this exciting journey and be part of the future of blockchain technology.

While the cryptocurrency world majorly aims to solve problems through blockchain technology, memecoins enjoy their own special space in the market. These coins are mostly driven by hype and are known to make investors rich in no time. 
However, which one should you invest in to get the maximum returns? Here is a comparison between three of the top memecoins in the market right now. Let us dig deeper and find the best one among them. 

Dogecoin
Whilst DOGE has a relatively solid market standing, thanks to its already established presence, it’s cooled off considerably since its 2021 peak. However, there is some good news for DOGE enthusiasts; it is being integrated into payment systems, suggesting that the future of this cryptocurrency could see some real-world usage.

Pepe Coin
Pepe Coin has a more elaborate history than the cute meme frog image that was. The popularity of the internet frog drew investors to Pepe Coin (PEPE) because of its connection with internet culture. 
PEPE has seen significant price fluctuations and enjoyed a bullish run in 2023, driven by potential exchange listings. The catch, though, it is associated with Pepe’s controversial past which may make some investors shy away from buying it. Furthermore, the current price momentum of PEPE appears to have slowed down.

BEFE Coin
BEFE Coin is the youngest of them all, but do not be deceived by that. BEFE is unlike its meme coin relatives, which only chase online fame. BEFE had a fair pre-sale, no transaction tax and it is decentralized – basic core crypto values for experienced traders resonate with BEFE. Besides memes, BEFE surpasses this by integrating with the Bitgert ecosystem to enable its holders to earn rewards through staking, thus adding real-world applications into the equation. 
Nevertheless, considering the newness as well as focus on some principles and growing fast community members that one can see in respect of BEFE, there are hopes of great increase in the future.

Why BEFE Could Be June's Breakout Star
What makes BEFE stand out?

Utility Focus: An attractive incentive for keeping when it provides staking bonuses via Bitgert Ecosystem.

The Power Of Community: BEFE enjoys a massive community on its social media channel which helps it maintain its hype. In addition, strong communities have also been responsible for boosting various coin’s success rates whereby this particular token aims at creating a customer base loyal enough even if other tokens are issued.

Scarcity Component: BEFE’s total quantity of tokens produced is far less than those available for DOGE or PEPE (120 billion) suggesting the possibility an increased value prices could result from such a shortage in circulation.

So, as per our expert suggestion, BEFE seems to be the perfect meme coin investment to make this June. 

To know more about BEFE, Visit https://befetoken.com

Yes, the world of cryptocurrencies is a mix of many innovations and sometimes pure meme magic. In the lovely corner of meme coins, three candidates compete to get the attention of investors, namely Dogecoin (DOGE), Pepe Coin (PEPE), and the BEFE Coin, which is a rising star. Let’s see who could be in front with investment winds blowing through in June.

 

PEPE vs DOGE vs BEFE: A Comparison  

Dogecoin

As far as meme coins were concerned, this was it, propelled by Elon Musk’s viral tweets and an ardent online community. While DOGE’s price has cooled off from its 2021 highs, it still enjoys a faithful following and holds a relatively firm position on the market. This stability can make or break an investor. It implies slower growth despite less volatility.

 

PEPE Coin

The history behind Pepe the Frog represents more than just a mere funny image at stake for some people. PEPE capitalized on the fame of that internet frog, thereby tempting investors with its connection to internet culture. Such a positive trend has been noted as price fluctuations are concerned. 

This was during the 2023 bullish run driven by prospects of being listed on exchanges. But there are doubts too. It may deter some investors because they associate it with Pepe’s controversial past. Furthermore, current trends suggest that PEPE’s momentum has reduced drastically since last month.

 

BEFE Coin

BEFE Coin is the youngest among them. Unlike other meme coins, BEFE is not only confined to internet popularity. Its core crypto values are well aligned with a fair launch, zero transaction taxes, and a decentralized structure. BEFE integrates with the Bitgert ecosystem, enabling holders to earn rewards via staking and adding utility.

So, who will be crowned king of investment for June? DOGE, PEPE or BEFE? 

There’s no easy answer to that question since it depends on your risk tolerance and investment objectives. 

However, if you are looking for innovation mixed with community experience and a focus on long-term profitability, a deeper look into BEFE may be necessary for you. BEFE seems to have a bright future in terms of its utility focus and increased support.

 

Conclusion 

The meme coin market is known for volatility and fads. What shines this June can disappear within the shortest time possible.

BEFE, as per experts, is here to stay, given its recent performance and potential. In fact, BEFE is one of the best memecoins to invest in in the year 2024. 

However, at the end of all this, it’s up to you who to invest in as no one else can actually decide for you. Remember that extensive research and a diversified portfolio are essential when navigating cryptocurrency’s ever-changing world!

To know more about BEFE, Visit https://befetoken.com

Over the weekend, there was a lot of fluctuation in Bitcoin prices following unexpectedly positive May employment data of the U.S. Though the top cryptocurrency is still above $69,000 despite the decline, indicating that traders remain cautiously hopeful. Experts are keeping a careful eye on Bitcoin's support.

The crypto market has been moderately volatile this weekend and some mid-cap coins are still going through market corrections. This dip in their price chart may serve as the best moment to invest in them. Bitgert is one such mid-coin that is built on strong fundamentals and some real use cases. Since its inception, Bitgert has shown some tremendous price performance and gained investors’ confidence of being the number-one L1 blockchain.

Investors are very much aware that Bitgert may soon experience a price jump and can give a 10-fold growth. Let’s examine why Bitgert is poised with such a high price prediction!
Fundamentals of Bitgert
Bitgert is a layer-1 blockchain that employs the proof-of-authority consensus technique. PoA enables quicker transactions, resource protection, and improved user experience. Bitgert can process up to 100K transactions per second and has extremely cheap transaction costs of $0.0000001.

With 632K members on X.com, Bitgert has a thriving and dedicated community that backs the goals of the blockchain. A peer-to-peer cryptocurrency exchange, a payment gateway, a zero-trading-fee CEX, and app development tools are all included in the bundle of native features.

Bitgert has collaborated with several prominent industry players, including Chainlist, Coinhub, DEXTools, Guardian, Sphynx Labs, etc. Bitgert's Startup Studio is a cutting-edge technology that helps business owners raise money through both private and public sales.

The $BRISE token is a BRC-20 utility and governance token for the Bitgert ecosystem. There is a finite amount of $BRISE, the one quadrillion Bitgert token. 
Bitgert switched to a new deflationary algorithm in January where 12% of the transaction value is burned each time a transaction is completed.

This suggests that as the ecosystem and user base grow, Bitgert will become more and more deflationary and that its price will climb in reaction to a decrease in supply and an increase in demand.
By staking their $BRISE tokens, holders may generate significant APYs using Bitgert's active staking mechanism.

With Bitgert's RWA market, NFT marketplace, centralized exchange, and personal crypto gateway, investors can manage and finish tasks in one platform.
Bitgert works and collaborates with established players in the crypto industry. Some of them are GoAction, Camelot Protocol, Habit Network, Billionaires Quest, Uniport Network, and Ontology Blockchain, etc.

It seems like Bitgert is a very promising mid-cap cryptocurrency in the industry right now. Investing in digital currency and obtaining a token with strong fundamentals and a compelling use case may prove to be a smart move if you're a long-term investor. Invest in Bitgert today to attain a 10x portfolio growth.

To know more about Bitgert, Visit https://bitgert.com

A Suriname Presidential candidate says she wants to follow El Salvador’s Bitcoin (BTC) adoption, and will grant the token legal tender status if she is elected.

The candidate, Maya Parbhoe, said her goal is to replace the Surinamese dollar with Bitcoin. And she said that El Salvador’s example provided “hope” for the “future.”

If @nayibbukele can fight to save his country from violence and corruption, why would we not stand up and fight for our own.

Why should our people suffer and the development of our country be hampered because of the greed of a few. After 50 years, it’s time for change.

Over… https://t.co/6JT9R0cnL5

— Maya Parbhoe (@MayaPar25) May 25, 2024

Candidate Wants Suriname Bitcoin Haven

El Salvador remains the only nation that has granted Bitcoin legal tender status. But while some governments have spoken about the possibility of following suit, they have yet to do so.

In recent weeks, Argentinian government officials have discussed BTC adoption-related matters with their Salvadoran counterparts.

But Parbhoe, speaking in an interview with Bitcoin Beach’s Mike Peterson, said that El Salvador and its President Nayib Bukele were showing that it is possible to “fight against global powers.” She said:

“Bukele was really able to fight global powers and do what was best for his country by adopting BTC as legal tender. […] I look at El Salvador and I see hope [for the] future.”

The Bitcoin Beach project centers around BTC adoption in the Salvadoran village of El Zonte.

Excited for this week's episode with @MayaPar25.

Discover her plans to transform #Suriname with #Bitcoin, inspired by @nayibbukele's success in #ElSalvador. Make sure to tune in on Saturday to hear her full vision.

Subscribe now to our channel or follow and support us on your… pic.twitter.com/Gax9e36VAW

— Bitcoin Beach (@Bitcoinbeach) June 6, 2024

Many think its US expat masterminds provided the blueprint for Bukele’s BTC adoption move.

Parbhoe is hoping to win office in Suriname’s 2025 elections. She has claimed that her goal is to “replace the Surinamese dollar (SRD)” with Bitcoin.

And, like Argentina’s President Javier Milei in the run-up to his election, she says she wants to “simply eliminate” the SRD.

Ditch Fiat for BTC, Urges Presidential Hopeful

However, while Milei’s plans centered on dollarizing the Argentinian economy, Parbhoe wants to ditch fiat for BTC.

She said there was “no reason why” Suriname “cannot replace the SRD with BTC.” Parbhoe explained that adopting BTC would be “the way to build a new system” in the country.

El Salvador officially adopted BTC as legal tender in September 2021, shortly after Bukele announced his plans to do so.

Parbhoe said that “decades of poor financial management” had shown Suriname “many examples of what not to do” with the economy.

The nation’s public spending has ballooned, along with fiscal deficit versus GDP. Corruption is also rife.

Like Argentina, Suriname has also been blighted by soaring inflation in recent years.

Suriname and Bitcoin: El Salvador Parallels?

Parbhoe drew parallels with El Salvador. Both Latin American nations are relatively small, and only 3,766km separates them. She said that Suriname has a “small population of only 600,000” people.

She claimed that she planned to “diversify the economy using innovation” and “position the country as a global leader in technology.”

On X, she claims that her mission is to “color the world orange,” referring to the unofficial color of Bitcoin.

She has also stated that the conditions for Bitcoin adoption in her nation are “perfect,” pointing to a high level of IT literacy and connectivity.

As well as adopting BTC as legal tender, Bukele’s government has been buying BTC with state funds.

We have increased the capacity of our geothermal plants by 10% by essentially recycling the water vapor in a binary cycle.

More clean energy, continuous, 24/7, and harnessed from our volcanoes without the need to import hydrocarbons

Now, we’re going to fix the economy pic.twitter.com/wEDLXDolBa

— Nayib Bukele (@nayibbukele) June 7, 2024

The Bukele government has bought at least BTC 5,000. Bukele says that the government is currently storing these funds in cold wallets in a “physical vault” on Salvadoran “territory.”

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

It is a known fact that in the cryptocurrency market, altcoins respond with fluctuations in the price of Bitcoin mostly. However, some mid-cap tokens outperform Bitcoin by a large margin or appreciate during a bull market. Investors keep an eye out for any momentary volatility in altcoins to capitalize from the gains during the bull run. Some see this as an opportunity to add even more profitable assets to their portfolio.

Those who aim for the latter choose a token assessing its potential utility and ecosystem. Bitgert, a layer-1 blockchain, makes itself an attractive option for investors seeking a token with solid fundamentals and substantial upside potential.

According to experts, Bitgert will soon grow at a monumental speed of 10x. Let’s look at the elements that make Bitgert appealing to professionals and investors.

Bitgert stands out due to its dedication to security and openness as well. To safeguard user data and transactions, the platform makes use of sophisticated cryptographic methods and strong consensus mechanisms. Investors may rest easily knowing that their money is protected in a highly secure setting.

Bitgert’s proactive approach to community growth and involvement is an added benefit for investors. Bitgert stays at the forefront of innovation by continuously adjusting its governance and technical frameworks in response to community requests. This flexibility promotes stability and long-term growth while also boosting client confidence.

On the other side, Bitgert uses the proof of authority mechanism to validate transactions nearly totally for free at a pace of 100K TPS. It has a zero-trading-fee CEX, a P2P cryptocurrency exchange, a cryptocurrency payment gateway, and other developer solutions. Users may manage complexity and complete tasks all in one spot using Bitgert’s RWA market, NFT marketplace, centralized exchange, and personal crypto gateway.

Bitgert has worked with industry leaders, including Sphynx, Dextools, Chainlist, Forward, and OmniaChain. A vast array of products and services are part of the Bitgert ecosystem, including games, metaverse-based applications, DeFi apps, and the NFT marketplace.

Bitgert collaborates and works with hundreds of startups and industry leaders. Recently, Bitgert has joined hands with the following players:

Camelot Protocol – an L3 blockchain that uses GPU power to train AI models inside the Bitcoin ecosystem.

Habit Network – the world’s first Layer 3 solution for common use cases in gaming, entertainment, and business.

Uniport Network – an all-in-all interoperability protocol that seamlessly integrates Bitcoin ecosystem assets (BRC20/RGB20/Taproot Assets, etc.).

Billionaires Quest – a Polygon-based game where players create stock portfolios to earn rewards through games using real companies.

GoAction – a deflationary project to earn rewards with some physical activity.

Conclusion

Given the noticeable rise in the platform’s price and the corresponding rise in trading volume, it is evident that investors’ interest in Bitgert is growing. The crypto community is interested in how Bitgert is changing the decentralized financial scene. It is high time to grow your portfolio at 10x speed with Bitgert.

To know more about Bitgert, Visit https://bitgert.com

DeFi Technologies adopts Bitcoin as its treasury reserve, purchasing 110 BTC.

The firm views Bitcoin as a safeguard against inflation and monetary instability.

Economic shifts and lower interest rates enhance Bitcoin’s investment appeal.

DeFi Technologies Inc., a leading Canadian financial technology (fintech) company, has embraced Bitcoin (BTC) as its primary treasury reserve asset. 

This strategic move involves an initial purchase of 110 BTC, which signifies the company’s integration of traditional capital markets with decentralized finance (DeFi).

The decision aligns with the broader trend of companies seeking portfolio diversification and alternative revenue streams amid changing economic conditions.

DeFi Technologies Invests in Bitcoin as a Hedge Against Inflation

Recognizing Bitcoin as a major asset class with a market value surpassing $1 trillion, DeFi Technologies considers it an effective inflation hedge. 

Bitcoin’s scarcity, finite nature, digital resilience, and architectural stability make it a more attractive option than traditional assets. Olivier Roussy Newton, CEO of DeFi Technologies, expressed the company’s confidence in Bitcoin.

“We have adopted Bitcoin as our primary treasury reserve asset, reflecting our confidence in its role as a hedge against inflation and a safe haven from monetary debasement. As the best-performing asset over the past decade, Bitcoin offers significant short to long-term potential to expand the company’s treasury,” Newton noted.

DeFi Technologies’ latest venture has garnered attention from notable figures in the crypto industry. 

Anthon Pompliano, a prominent Bitcoin advocate and the founder and partner of investment management firm Morgan Creek Digital Assets, shared his thoughts on the company’s move.

“Bitcoin is slowly seeping into public company treasuries around the world. We remain shareholders of DeFi Technologies (DEFTF) and believe the business is still undervalued,” he wrote on X (Twitter).

The decision by DeFi Technologies comes amid significant monetary policy shifts. Recently, the Bank of Canada (BoC) decided to lower its key policy rate from 5% to 4.75%, aiming to ease the burden on highly indebted consumers.

Lower interest rates make borrowing cheaper for both consumers and businesses. This change potentially leads to increased spending and investment.

Lower interest rates can also mean reduced capital costs for companies like DeFi Technologies. Moreover, as returns on safer investments decrease, the attractiveness of alternative assets such as Bitcoin increases.

Matteo Greco, a research analyst at Fineqia, shared his thoughts on this perspective. Greco emphasized Bitcoin’s potential to act as a leveraged version of gold for those who believe in its store-of-value attributes.

According to him, viewing Bitcoin as a store of value makes sense for portfolio allocation. While gold has historically preserved purchasing power with stability, it offers limited performance. 

Bitcoin, in contrast, can be seen as a leveraged version of gold for those who believe in its store-of-value potential.

“Over the past 15 years, Bitcoin has consistently increased in value against fiat currencies, albeit with higher volatility. Investors who accept the possibility of short-term drawdowns have found Bitcoin to be an extremely valuable mid- to long-term investment,” he said.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

The US Federal Trade Commission (FTC) has issued a warning about crypto romance scammers who offer investment advice. 

The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. 

“They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example,” the regulator noted.

FTC Warns About Crypto Romance Scams

The US Federal Trade Commission (FTC) issued a consumer alert on Monday, advising individuals on handling situations where an online romantic interest offers investment advice. 

Authored by Colleen Tressler from the Division of Consumer and Business Education, the alert highlights the deceptive tactics used by scammers posing as romantic partners to exploit victims financially.

The FTC detailed the process scammers use:

“They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example. But that online love interest is a scammer. People have lost tens of thousands ― sometimes millions — of dollars to romance scammers.”

Typically, the scam starts with an unsolicited contact on social media. Scammers meticulously study your profile to build trust and rapport. 

Once a relationship is formed, the conversation shifts to investments, with the scammer claiming to prioritize your financial security. In reality, their sole objective is personal financial gain.

Should someone you meet online offer assistance with cryptocurrency investments, it is likely a scam, the FTC emphasized, adding that these fraudsters promise high returns, claim there is no risk, and offer to teach you investment strategies. 

However, all investments carry inherent risks, and guarantees of returns are false, the regulator stressed. 

Scammers often request quick money transfers via gift cards, payment apps, or cryptocurrency—methods frequently used by fraudsters. If you encounter such offers, terminate contact immediately, report the scammer to the social media platform, and inform the FTC.

If you encounter such situations, the FTC recommends immediately ceasing all communication with the individual, reporting them to the social media platform, and filing a report with the FTC. Additionally, sharing this warning on social media can help protect others from becoming victims.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. 

This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024.

FSC Issues New NFT Classification Guidelines

On Monday, South Korea’s top financial regulator, the Financial Services Commission (FSC), released detailed guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets.

The FSC explained that NFTs are issued in limited quantities and traded primarily for collecting content such as videos and images. 

As a result, they are typically held by a small number of individuals with restricted secondary market transactions. 

These characteristics lead the regulator to view the risk of widespread user harm as minimal, distinguishing NFTs from other virtual assets.

According to the FSC, NFTs are excluded from being classified as virtual assets under the Enforcement Decree if they are mainly intended for collection, facilitate transactions between parties, or are unique and irreplaceable. 

Examples of such NFTs include proof of authenticity tokens in the art market, property transaction records, and supply chain verification tokens. 

However, the FSC noted that if an NFT effectively functions as a virtual asset, the provisions of the “Virtual Asset User Protection Act” and other relevant regulations will apply.

The FSC enacted the Enforcement Decree to specify the details of the Virtual Asset User Protection Act, promulgated on July 18, 2023, and scheduled to take effect on July 19, 2024. 

The act aims to safeguard virtual asset users and establish market order. Key measures include defining virtual assets, requiring safe storage of users’ deposits and virtual assets, and imposing penalties for unfair trading practices. 

The enforcement decree details exclusions from the virtual asset category, management of user deposits, mandatory use of cold wallets for asset storage, and insurance or reserve requirements for incident liability.

The FSC emphasized that the legal classification of NFTs must be judged on a case-by-case basis, considering the substance rather than the name or technology. 

Factors such as issuance and distribution structure, terms and conditions, advertising, and business and service contents should be thoroughly evaluated by those intending to issue, distribute, or handle NFTs.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Billionaire Elon Musk has threatened to ban Apple devices at his companies should Apple integrate OpenAI’s ChatGPT into its iPhone, iPad, and Mac operating systems.

Musk called it an “unacceptable security violation” and even said the Apple block could extend to visitors to his company’s headquarters.

“If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies. That is an unacceptable security violation,” Musk stressed in a June 10 X post.

If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies. That is an unacceptable security violation.

— Elon Musk (@elonmusk) June 10, 2024

Musk even suggested that visitors to Tesla, Space Exploration Technologies Corp, and other companies he runs would need to have their Apple devices “stored in a Faraday cage” upon entry.

And visitors will have to check their Apple devices at the door, where they will be stored in a Faraday cage

— Elon Musk (@elonmusk) June 10, 2024

During Apple’s 2024 Worldwide Developers Conference on June 10, the tech giant revealed “Apple Intelligence” — a suite of new generative AI features — which will be rolled out to iOS 18, iPadOS 18 and macOS Sequoia later this year.

Don’t want it.

Either stop this creepy spyware or all Apple devices will be banned from the premises of my companies.

— Elon Musk (@elonmusk) June 10, 2024

The development had been leaked from Bloomberg over the weekend.

One feature will enable Apple’s voice assistant, Siri, to relay user questions to ChatGPT when necessary. “Users are asked before any questions are sent to ChatGPT, along with any documents or photos, and Siri then presents the answer directly.”

The feature would be powered by GPT-4o — OpenAI’s latest iteration of ChatGPT.

But Musk said it is “patently absurd” that Apple “isn’t smart enough” to make their own AI and suggested they would be doing their customers a disservice by outsourcing privacy and security. “They’re selling you down the river.”

It’s patently absurd that Apple isn’t smart enough to make their own AI, yet is somehow capable of ensuring that OpenAI will protect your security & privacy!

Apple has no clue what’s actually going on once they hand your data over to OpenAI. They’re selling you down the river.

— Elon Musk (@elonmusk) June 10, 2024

“Apple using the words ‘protect your privacy’ while handing your data over to a third-party AI that they don’t understand and can’t themselves create is *not* protecting privacy at all,” Musk said in another X post.

But Musk didn’t provide details of the privacy protections embedded into the OpenAI integration, and as a result, his X post triggered the “readers added context” feature.

It provided a link to Apple’s press statement explaining that user IP addresses would remain obscured and OpenAI won’t store requests.

Due to its PIZZA airdrop, Unisat saw spikes in some of its key on-chain metrics recently. Will the momentum continue?

Unisat saw spikes in some key on-chain metrics.

The platform has concluded its Pizza airdrop.

Analysis showed that Unisat, Bitcoin service provider known for its Ordinals marketplace, experienced a spike in several on-chain metrics, including volume, transactions, and users lately.

This surge was attributed to the recently concluded PIZZA airdrop, which significantly increased activity on the platform.

Unisat Sets Volume Record

An analysis of marketplaces on the Bitcoin network showed that Unisat has recently experienced a spike in some key metrics.

A study of the volume on Dune Analytics revealed that it has been growing steadily over the past few days, with a significant increase on 9th June. 

The chart showed that the platform recorded over $4.5 million in volume that day, marking its all-time high (ATH).

Furthermore, this was the highest daily volume recorded on any platform on 9th June.

Additionally, an analysis of the number of transactions showed consistent growth.

The chart indicated that the number of transactions surpassed 8,000 as of this writing, marking an all-time high (ATH). Similar to the volume, this number was also the highest recorded on any platform.

Further analysis revealed that with the spike in volume, Unisat controlled over 48% of the marketplace’s total volume. Additionally, its share of the transactions was over 50%.

Unisat Records ATH In Users

Despite the surge in volume and transactions, data showed that the cumulative unique users on Unisat were still behind other major platforms.

As of this writing, the number of unique users was around 125,000. While this is relatively low compared to other platforms, it represents an increase from previous weeks.

The change in the number of users became more evident in the daily user statistics.

Analysis of the data showed that the number of unique daily users spiked to a new high, surpassing 9,500. This was the highest number Unisat has ever seen.

It was also the highest among the other platforms. The closest competitor had around 6,000 daily users.

Pizza Airdrop Contributes To Spike In Metrics

The primary reason for the spike Unisat saw in these metrics was its Pizza airdrop.

A few months ago, the platform announced the airdrop of its token, PIZZA. According to its post on 9th June, all the PIZZA tokens have been airdropped to addresses that claimed them.

Pizza has now been fully distributed!

Thank you for your patience and support, and we hope you enjoy your $pizza. pic.twitter.com/GRExMnLJeg

— UniSat – Inscribe your dream. (@unisat_wallet) June 9, 2024

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Ethereum staking has become an increasingly popular way for cryptocurrency holders to earn passive income through staking rewards. In this guide, we will walk you through the process of staking Ethereum step by step, using OkayCoin, a leading staking platform for decentralized applications, while following the best practices for staking Ethereum with your crypto assets. Let’s dive in!

 

What is Ethereum Staking?

Before we get into the specifics of how to stake Ethereum, let’s first understand what staking actually means. Staking is the process of actively participating in transaction validation on a proof-of-stake (PoS) blockchain. This PoS blockchain operates using a consensus mechanism that incentivizes participants to validate transactions by staking cryptocurrency. By staking your Ethereum, you are essentially helping to secure the network and, in return, you receive rewards in the form of additional Ethereum.

Liquid staking allows you to stake your tokens while still having access to liquidity, providing more flexibility.

Crypto staking involves locking up your crypto assets to support the network and earn rewards. Staking crypto is a way to earn passive income by participating in the staking process.

Cryptocurrency staking involves earning income through supporting and validating a cryptocurrency’s transactions by locking up crypto assets for a set period of time. Validators play a crucial role in validating transactions, ensuring the stability and security of the blockchain. It allows crypto owners to earn income through staking rewards, which are similar to dividends or interest on a savings account but with greater risk. The benefits of staking include potentially high interest rates and supporting the blockchain of the invested cryptocurrency. However, it also comes with challenges and risks, such as the volatility of cryptocurrency prices and the potential for loss. It is important to use a secure crypto wallet for staking to ensure the safety of your assets.

To stake crypto, you need to lock up your assets in a staking pool or node for a set period of time. This process supports the blockchain network and can yield passive income, but it also involves risks like asset lock-up periods and market volatility. Proof of stake is a consensus mechanism that allows validators to validate transactions and earn rewards. Conducting thorough keyword research is crucial for understanding and targeting relevant keywords for content related to Ethereum staking.

Token holders play a key role in the staking process by locking up their tokens to validate transactions and earn rewards.

When you stake your crypto assets, you are contributing to the network’s security and efficiency. Staked assets are locked for a specific staking period, during which they help validate transactions. Cryptocurrency staking is a method to earn rewards by locking up your assets. To stake crypto, you need to choose a reliable platform and understand the risks involved.

Choosing the right staking platform is crucial for maximizing your staking yields. A good platform will offer competitive rates and ensure the security of your staked assets. Token holders should use a secure crypto wallet to manage their staked tokens and monitor their staking rewards.

Validators play a key role in validating transactions and maintaining the network’s integrity. The staking period is the duration for which your assets are locked up, during which they help validate transactions and earn rewards.

 

Step-by-Step Guide to Staking Ethereum Using OkayCoin: Best Practices and Staking Rewards

So you’re ready to dive into the world of staking Ethereum on OkayCoin and earning staking rewards. Let’s walk through the essential steps to get you started on this exciting journey.

Crypto staking involves locking up your tokens to support the network and earn rewards. Staking pools are a method where crypto traders combine their funds to have a better chance of earning staking rewards. Staking crypto offers benefits such as passive income and network security.

Enter OkayCoin

Before you can begin staking on OkayCoin, you need to head over to the OkayCoin website

 

Acquiring Ethereum for Staking

Once your OkayCoin is set up, the next step is acquiring Ethereum for staking. You can purchase Ethereum from reputable cryptocurrency exchanges like Coinbase, Binance, or Kraken. Transfer the desired amount of Ethereum to your OkayCoin wallet to prepare for the staking process. Ensure you are using a secure and trusted platform for all your transactions. Additionally, consider using a keyword research tool to find relevant keywords related to Ethereum staking to optimize your content and attract more users. Understanding the concept of staked assets and the importance of the staking period is crucial, as your funds will be locked up for a certain duration to generate yields. Staking crypto involves locking up your tokens to support the network and earn rewards, offering benefits such as passive income and network security.

 

Navigating the Crypto Staking Process on OkayCoin

Now that you have your account set up and Ethereum ready for staking, it’s time to navigate the staking process on OkayCoin. Staking crypto on OkayCoin involves using a staking platform that offers various rewards and conditions. Log in to your OkayCoin account and explore the staking section. Follow the on-screen instructions to select the amount of Ethereum you wish to stake and confirm your staking preferences. Be sure to review all the terms and conditions before finalizing your staking decisions. You also have the option to join a staking pool, which allows you to combine your funds with other traders to increase your chances of earning staking rewards. Staking pools are a method where crypto traders combine their funds to have a better chance of earning staking rewards. You can also delegate tokens to different staking pools to enhance the chances of generating blocks and receiving rewards. Staking yields are calculated based on factors like the number of validators and market conditions, and are expressed as annual percentage rates (APRs). Additionally, staked tokens can be made liquid through liquid staking, maintaining liquidity while generating liquid staking tokens (LST). Token holders play a crucial role in the staking process by locking their tokens into staking contracts or delegating them to validators to earn rewards and support the network. Proof of stake is a consensus mechanism that plays a crucial role in the staking process by selecting validators based on the number of tokens they hold and are willing to lock up as collateral.

By following these steps, you’ll be well on your way to staking Ethereum on OkayCoin and earning staking rewards while exploring the world of decentralized finance. Validating transactions is an essential part of the staking process, ensuring the security and integrity of the blockchain network. Happy staking!

 

Conclusion

Staking Ethereum Liquid can be a rewarding way to earn passive income while contributing to the security and decentralization of the blockchain network. By following the steps outlined in this guide and utilizing platforms like OkayCoin, you can start your journey into the world of Ethereum Liquid staking with confidence. Implementing these best practices can also help increase your organic traffic. Happy staking!

 

Sign up here to receive a $100 welcome bonus:  https://okaycoin.com

For more information about how to get started with OkayCoin and make the most of the crypto summer, visit https://okaycoin.com or use media contacts.