Bitcoinfo

hello friends, this is the beginning for me to start sharing knowledge about crypto🍃

🔥What do you think about the current market conditions🔥, this week there has been significant bullishness. Crypto is again haunted by the shadow of the SEC, as if it wants to hold back the rate of crypto.

What do you think about Dogecoin in the future? Come on, comment🐾

🔥Burn SHIB Token Surges 🔥

This event was dominated by a single transaction, which contributed to the burn of 79,127,027 SHIB🔥 tokens, Sending them to dead wallets, effectively taking them out of circulation for good.

According to beincrypto, Shibburn's dashboard also recorded four other transfers, each contributing just under 2.5 million SHIB tokens to the burn 🔥.

The Shibburn🔥 dashboard reveals that since the introduction of the burn mechanism, the Shib Army, a term denoting the community of Shiba Inu supporters, has managed to burn a total of 410.6 trillion SHIB tokens. This significant reduction in supply leaves 589.3 trillion tokens in circulation🔥, as per the data.

#BTC🔥🔥 #ETH #doge

🔥Bitcoin halving 🔥
Is an event where the Bitcoin block reward received by miners is halved. This halving occurs every 210,000 blocks, which on average occurs about once every four years. Bitcoin halving aims to control the amount of Bitcoin entering circulation, maintain supply growth and maintain the cryptocurrency's deflationary nature.

The last halving occurred in May 2020, which saw the block reward drop from 12.5 BTC to 6.25 BTC. So, if we refer to the next halving in 2024, we can anticipate that the block reward will decrease to around 3,125 BTC. This halving could influence Bitcoin market dynamics, spark investor interest and play a role in price adjustments.

It is important to note that halvings are not a guarantee for an instant price spike, but history shows that after each halving, Bitcoin price tends to experience a bullish trend in the following months or years. For many people, the halving event is an important moment to observe market developments and Bitcoin price dynamics.
#Bicoin #cryptonews

XRP, the fifth largest cryptocurrency, is attracting the attention of whale investors despite its decline. The SEC's rejection of a Bitcoin ETF affected sentiment, while analyst Ali Martinez saw the increase in XRP whale transactions as a sign of a potential rebound.

Even though the price of XRP fell 18% in the last 10 days, whale wallets increased. Ripple's legal victory, the price of difficulty rises.

The richest investors remain confident in XRP, anticipating profits. David Schwartz, CTO at Ripple, highlights XRPL's progress in tokenizing real-world assets, making it a competitor to large institutions.

Schwartz focuses on XRPL technology rather than XRP, highlighting its unique origins and role in corporate finance. Involves the tokenization of real-world assets, a growing area with a projected market value of up to US$30 trillion by 2030.

Cryptocurrency, or crypto currency, is a form of digital money that uses cryptography to secure transactions, control the creation of new units, and verify asset transfers. It operates without a physical presence and is decentralized, meaning it is not controlled by governments or traditional financial institutions.

The creation of cryptocurrency usually involves a process called "mining," in which powerful computers complete complex mathematical tasks to validate and record transactions in the blockchain. Blockchain is a decentralized ledger that records all cryptocurrency transactions publicly and permanently.

Bitcoin, introduced in 2009 by a person or group using the name Satoshi Nakamoto, was the first cryptocurrency and remains the most famous. Ethereum, introduced in 2015, is another example that allows the execution of smart contracts, code that executes agreements automatically without the need for a third party.

Security in cryptocurrencies is achieved through complex cryptography and decentralized networks. Users can have digital wallets to store and manage their coins, and transactions are usually carried out using private keys connected to the wallet.

The value of cryptocurrencies can fluctuate greatly as they are influenced by factors such as market adoption, investor sentiment, and changes in technology or regulations. While it has support from some as a form of investment, some also criticize it for its potential illegal use and high volatility.

Overall, cryptocurrency continues to be a dynamic area of ​​research and development, introducing new innovations in the global financial system and sparking changes in traditional financial paradigms.