Are you ready to embark on a journey where the physical meets the digital, revolutionizing the way we interact with our world?

It's to the realm of DePINs👇🏻

👉🏻 DePIN- Decentralized Physical Infrastructure Networks

DePIN protocols have garnered interest lately due to their potential to impact a wide range of industries, including the Internet, artificial intelligence (AI), energy, wireless communications, and more.

• Let's understand what is DePIN-

A DePIN is a decentralized application that uses tokens to incentivize people to crowdsource and build connected real-world physical infrastructure.

• DePIN can be used in different ways.

Globally empowering individuals, these networks enable collaborative efforts in building, maintaining, and operating community-owned physical infrastructure without relying on a single centralized entity.

• How Do DePINs Work?
DePINs function through three key elements:

➤ Off-chain network mainly comprises its users and service providers
➤ The blockchain brings end users and service providers together.
➤ Protocol defines the key features of how a DePIN functions.

• Benefits of DePIN

The conceptual scope of DePIN is defined by shared characteristics: 

👉🏻 Permissionless entry
👉🏻 Distributed infrastructure costs, and 
👉🏻 Economies of scale

• DePIN Sectors

So you can have DePINs providing everything from mobility to energy, to connectivity, to storage services.

But are all DePINs equal?

Let's break it down further 👇🏻

• Physical Resource Networks vs Digital Resource Networks

PRNs 👉🏻 incentivize people to direct or deploy hardware to offer real-world,
non-fungible goods and
services.

DRNs 👉🏻 incentivize people to direct or deploy hardware to offer fungible, digital resources.

#HotTrends #DePIN #Binance #CryptoEducation💡🚀

What Is a #bitcoin #etf and Why Does Everyone from BlackRock to Grayscale Want One? 🤔

Learn more about how It Works and how to Invest 👇🏻

1- A Bitcoin ETF creates a simple, legally compliant way to trade the price of Bitcoin , accessible on markets that investors are already familiar with.

2- What is an ETF?

#etf refers to the exchange-traded funds that are a collection of assets whose shares are traded on a stock market.

They blend the characteristics and potential benefits of mutual funds, stocks and bonds.

3- ETFs track BTC's value and trade on traditional stock exchanges rather than #crypto exchanges.

In addition, they allow investors to invest in Bitcoin without the inconvenience of using a cryptocurrency exchange while also giving price leverage.

4- The majority of Bitcoin ETFs employ futures to simulate the cryptocurrency's performance.

Futures allow investors to protect themselves against turbulent markets by ensuring that they can buy or sell a specific cryptocurrency at a particular price in the future.

5- An ETF monitors the price of an underlying asset or index.

For example, a Bitcoin ETF would function similarly, with the price of one share of the exchange-traded fund fluctuating in lockstep with the price of #BTC

6- Why the need for a Bitcoin ETF?

With a BitcoinETF investors need not worry about private keys, storage, or security.

They own shares in the ETF and can gain exposure to the cryptocurrency market without having to go through the hoops of purchasing and holding crypto.

#etf $BTC

Just In 🚨

In a matter of minutes, $65 million worth of #BTC  was liquidated due to false reports suggesting the approval of BlackRock's Spot #bitcoin #etf

Just In 🚀

Ferrari Now Accepts #crypto Payments With BitPay For Car Purchases.

Ferrari accelerates into the crypto world, allowing its customers to purchase luxury vehicles with cryptocurrencies.

According to a recent report, the company is now allowing customers in the United States to purchase their high-end vehicles using crypto like $BTC and $ETH

In addition, Ferrari plans to expand this payment option to European markets in the near future following strong demand from its clientele.

What is your take on this step?

#BinanceSquare #crypto2023 #CryptoTalks #cryptocurrency

What Is Crypto Options Trading? 🚀

The options market is one of the fastest-growing sectors in the #cryptocurrency industry.

An option is a derivative, meaning it represents an underlying asset like $BTC or $ETH

With this, you can but you don't have to buy or sell the underlying asset. You can do so when the option expires at a set price at the expiration date, or you can do so before the expiration date.

#crypto Options Exchange-

#Binance

Binance is the biggest #crypto exchange in the world and offers options for crypto, among many other products.

You can trade crypto options that are exercised upon expiration (European options). The options are settled in USDT.

There is a transaction fee of 0.03% of the underlying asset value and an exercise fee of 0.015% of the underlying asset value.

Are you intro options trading or not? 🧐👇🏻

Just In ⚡️

G20 Adopts Global Roadmap to Regulate #crypto Assets

G20 Finance Ministers and Central Bank Governors Unveil Crypto Roadmap for Global Regulation and Cooperation in Marrakesh Communique.

#Binance #crypto2023 #cryptocurrency

What Does it Mean to Tokenize Real-World Assets?

In this piece, let's understand how RWA tokenization works 🚀

The core idea of RWA tokenization is basically to create a virtual investment vehicle on the #blockchain linked to tangible things like real estate, precious metals, art and collectables.

The advantages of keeping the ownership of the real-world items on the chain are 👇🏻
🚀 It lowers costs by removing middlemen.
🚀 It allows fast, efficient 24/7 trading of items.
🚀 It lowers the barrier to entry and creates more liquidity.

In the case of fiat currency, stablecoins are the most obvious form of RWA tokenization.
Tokens such as #Tether or #USDC are tokenized dollars.

There are various RWA protocols that are capable of tokenising RWAs from a wide variety of asset classes.

There are various challenges in the process of implementing RWAs, which include legal and regulatory compliance, valuation and auditing, custody and security, governance and trust, as well as interoperability and scalability concerns.

What is Layer 2? 👇🏻

A layer 2 is any off-chain network, system, or technology built on top of a #blockchain to help extend its capabilities.

One core requirement for a network, system, or technology to be considered a layer 2 is that it inherits the security of the blockchain it is built on top of.

For example, sidechains are often not considered layer 2s because they usually deploy their own consensus mechanisms and validators, leading to a different set of security guarantees than that of the base layer chain.

The Need for Layer 2s 🚀

Layer 2s are an emerging technology built on the premise that this scalability limitation exists because blockchains are tasked with too many things.

This is because blockchains today fulfill three core functions: execution, data availability, and consensus.

Layer 2 Security 🔒

The concept of “proof” is fundamental to layer 2s in order for them to inherit the security guarantees of a base chain.

Every layer 2 relies on some form of cryptographic proof to settle disputes on the base chain. The most prominent proofs today are fault proofs and validity proofs (also known as zero-knowledge proofs), foundations for the modern-day optimistic rollups and zk-rollups.

#crypto2023 #Layer2 #BTC

Just In 🚀

1- Galaxy Digital CEO: We're going to fight like cats and dogs to win market share" once a spot Bitcoin  ETF is approved.

2- Bitcoin  hits $30,000 after 🇺🇸 FED announces new oversight program for Bitcoin  and crypto related activities.

3- 🇺🇸 Federal Reserve announces new oversight program for #bitcoin and crypto related activities.

#crypto2023 #Binance #bitcoin $BTC $ETH $BNB

Just In 🚀✨

Binance  is pleased to announce that it has become the first fully licensed crypto exchange in El Salvador.🇸🇻

Let’s keep making crypto more accessible.

#Binance #cryptocurrency #cryptonews #crypto2023 #crypto $BNB

Just In 🚀

😱 Fireblocks Situation Risks Binance And Other Exchanges To Delist Terra Luna Classic (LUNC) 🤯

Binance and other crypto exchanges may delist Terra Luna Classic (LUNC) as Fireblocks warns about centralization and bad decision making.

#BinanceTournament #Binance #MultiChain

🤔 Is PayPal’s PYUSD Stablecoin By Paxos Good, Bad Or Ugly For Crypto Industry? 🤯

The launch of PayPal USD (PYUSD) by PayPal and Paxos is welcomed by the crypto community amid traditional finance firms’ entry into the industry.

#paypal #Binance $BTC

🐳 Cardano Whale Accumulation At One-Year High, ADA Price Rally Soon? 🤔📈

Messari data shows that the dApp and DeFi activity on the Cardano blockchain witnessed a healthy uptick during the second quarter.

#cardano #whale #defi $BTC $BNB

🗞 Delivering Today’s #CryptoMarket Updates below:

✨ Justin Sun Clarifies As Huobi Insolvency Rumors Spread. Justin Sun asked his Twitter followers to ignore the FUD around insolvency and keep building.

✨ MakerDAO Community approves the Proposal for Protocol Changes

✨ Worldcoin reports a significant Increase in Global $WLD Verification and Active Users, within a week of its test version launch

✨ Invisible: a decentralized P2P orderbook exchange that allows users to trade privately, launches on Testnet

✨ Avalanche  C-Chain observes a significant Surge in Daily Active Addresses and Transaction Volume during Q2

✨ $BTC -USDT 🔼 by 0.31% ; $29,135
$ETH -USDT 🔼 by 0.24% ; $1,838
$XRP-USDT 🔻 by 1.26% ; $0.63
(As on 2023-08-07 10:00)
$BTC #Binance $ETH $USDC #Worldcoin #bitcoin

📢🚨 Just-In: 🏦 Bank Of England Hikes Interest Rate to 15-Year High; Pound Falls Sharply 🤯📉

Bank of England raises interest rate to 5.25%, signaling prolonged high borrowing costs amid persistent UK inflation and pound falls sharply.

#Binance #binancefeed

📢🚨 Breaking: Early #Terra Luna Classic Developers Seek Return To Revive $LUNC & USTC To $1 🤯

Terra Rebels and Hexxagon seek Terra Luna Classic community's support to build on the chain and revive LUNC, USTC to $1.

$BTC $USDC #terraluna #Binance #terralunafoundation

Just In 🚀

Worldcoin to Share Technology for Third Parties to Build Digital ID Systems 🔥

Despite investigations into several parts of Europe, Worldcoin seems to be confident of pushing its technology in the region.

#digitalassets #Binance #Worldcoin #binancefeed

🔻 Litecoin (LTC) Price Tanks After Halving, Will Bitcoin Meet Same Fate in 2024? 🤔📉

The selling pressure after Litecoin halving has forced many to question whether Bitcoin will see the same fate after 2024 halving.

What do you all think?
#bitcoin #litecoin #litecoinhalving $BTC

🚨 Breaking: 🇺🇸 Odds Of Spot Bitcoin ETF Approval By US SEC Rises To 65% – Bloomberg 🔺👏

Odds of a spot Bitcoin ETF approval by the US SEC this year rises to 65%, up 50% from weeks ago and 1% a few months ago.

$BTC #bitcoin #Binance

🤔 Will #Ethereum Price Surpass $2140? Megaphone Pattern Signals Possible Bullish Reversal 🔺📈

The crypto market started the early hours of August in red, following the significant downtrend in July.

$ETH #Binance #binancefeedfever