Crypto Hodlers… Get Ready:
Let’s check that bitcoin continues its decline now below 57,000, the price of Bitcoin continues to consolidate lower, with the decline in volume and many experts attribute this to the exits of the ETF.
American Bitcoin of the last few days, flirting with a one-monon low yesterday down by about 4%, at some point during the trading day, if it reaches this key level of 50,000, it hovers around the level of 55,000 at the moment, but this could be another key technical level for Bitcoin, which could see even more pressure on the asset advance too.
The Bitcoin ETFs, had their longest exit since June, over the last two days, and I need to update you on salana, on the chain link on lower capitalization altcoins and more.
But what the mainstream media won’t report, I will that’s why you subscribe, is that if you zoom out a little bit, you can see that Bitcoin is still forming, a huge bullish flag, it tends to be bullish.
And if we look at the news, which is coming out of Venezuela today, it seems to be exactly what Michael sailor predicted everything indicates that the nation-states are adopting it, the leader of the Venezuelan opposition proposes to use Bitcoin, as a national reserve asset, think that people understand that it is not a threat, for the dollar by the way and to be clear, the leader of the Venezuelan opposition Maria considers Bitcoin, as their only way to protect themselves against Venezuelan inflation.
The Venezuelan believer, wants stability at three to four units per US dollar, lost 14 zeros under chais and muru, transforming a functional economy into a catastrophic financial crisis in 2018.
Inflation has reached an unimaginable 1.7 million, with prices doubling every 4 days since 2016, cumulative inflation has exceeded 8 million, by pushing millions of Venezuelans to flee our country.
This entrenched financial repression, in state-sponsored looting, theft and unverified printed money, occurred despite our vast natural resources, and despite an ancient price boom, which peaked at $147 per baral.
In July 2008 also accumulate Bitcoin, in their reserves as a national reserve asset, before all the reservists were looted.
Venezuela had rich financial reserves, around the world we will restore these reserves and include Bitcoin as a key element, and this revolution is not stopping.
Bitcoin is very different from all other assets, I don’t think many people realize that there is a very unique asset, the aspect of bitcoin and that is that with other products they can be consumed properly, gold is consumed for industrial purposes, jewelry, etc.
Oil is consumed metals, and with financial instruments like stocks, they are motivated by the performance of companies, which stocks represent and you know this argument that people have been having for years, that Bitcoin is not supported by anything.
Bitcoin does not represent anything, here is the beauty of this Bitcoin is traded only according to the feeling that people have of its value, and its rarity.
It is a form of investment, much purer and when you see that Bitcoin is still moving has two faiths, s the volatility of an S&P or a NASDAQ, but look at how quickly it rebounds.
The crypto market is plunging today, but even Sergey nazro, founder of chain link, explains how blockchains, and oracles can help prevent, the next global financial crisis.
The global financial crisis, therefore, was created by a confluence of greed in the profit motive, poor management and bad processes, a lack of information and the compartmentalization of critical information, in places where not all market participants could access it, what I think our industry, can really solve, is the ability to transmit critical information to everyone in the market equally.
Not only to a few selected participants, who had access to the information, it was clearly possible to understand this, about mortgage securities because a few key groups made a lot of money discovering them by understanding this data.
But the difference is that these data were not available,for the broader market of asset management companies rating agencies, and just market participants if this had been the case, the market would have been efficient, the risk would have been reduced much earlier, and the global financial market the crisis may never have happened and this transparency of critical information, in the market is what smart contracts and blockchains do in a very fundamental way.
And if you have a friend who owns Solana, or uses a Solana wallet, you might want to send them these scammers, have found a way to burn tokens inside, Solana wallets.
The scammers on Solana have found a way to burn tokens inside a user’s wallet, so the way they do it is by using a built-in salana extension, called permanent delegate which allows the scammer to burn all the tokens, during a transaction for a few seconds, only after that this extension is intended for things like tokens sent by mistake.
But the Salon itself says that this can be a double-edged sword, so reports have emerged of users, buying tokens and not seeing them appear in their wallet balances, imagine that you are exchanging for a token and the wallet history confirms that you have received it, but then you look inside.
And nothing is displayed a user from salana, exchanged for a token called red, which had this permanent delegate extension, and although the tokens landed in their wallet 7 seconds later, they were gone.
Now exchanges like Jupiter have put up a warning about this, but if you are active in the salana ecosystem, be sure to check the permanent delegate extension.
So I think this applies, most to new or simply unpublished pieces if you are dejing as hard, be careful.
And a big news for polygon mtic, finally the upgrade of the transition to a new ticker, the migration of polygon away from madic, and to a brand new crypto token is underway.
The blockchain scaling solution, has deployed a network upgrade to convert madic tokens, into pole tokens will now be the native token, for gas and staking for the point of sale system, or proof of stake from polygon if you use the point of sale system, you don’t have to do anything to convert your madic to pole, but if you hold madic on the ethereum network.
A centralized exchange or other networks, polygon indicates that the upgrade will allow holders of this crypto to convert these tokens.
Conclusion :
Now polygon says that the switch to pull, will help to make the necessary upgrades, and to prepare for future network updates, such as the generation of zero knowledge proofs from noon Est.
The poll token has dropped by more than 7%, now scrolling to polygon on coin gecko we see that no transition has taken place yet, I guess it goes through the process.
The fastest blockchain for finance backed by binance and mark cubin, today’s injective news presents the first ever tokenized index, for the black rocks construction fund, a perpetual index product that tracks the offer of the f construction fund itself.
Users can now access the fund with the lowest fees, and the fastest speeds in crypto, so how does this affect you, and just to indicate to everyone, in what construction is it provides institutional investors, have access to the yield on assets such as US treasuries.
It is symbolized on ethereum and whereas before, the construction fund was only open to institutions via Black Rock, which could invest at least $ 5 million.
For more information please don’t hesitate to contact us
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