pedRock74_1037056638
433 Following
46 Followers
37 Liked
16 Shared
See original
PINNED
For those who want some cryptocurrencies, click the link below!
$PEPE#Binance#RedPacketMission
$PEPE#Binance#RedPacketMission
See original
Binance Web3 in Brazil
Launch of the Binance Web3 Wallet in Brazil: understand why this is a milestone for 2025!
Starting in mid-April 2025, Binance brings its highly anticipated Web3 Wallet to Brazil – an innovative solution that promises to facilitate access to the crypto universe and give more autonomy to those looking to dive into DeFi, NFTs, staking, and other advanced features.
But what is a Web3 wallet, after all? And why so much excitement about this launch?
In this article, you will discover how this technology works, what its advantages are, and, above all, how it can help you achieve even more promising results in the crypto asset market.
But what is a Web3 wallet, after all? And why so much excitement about this launch?
In this article, you will discover how this technology works, what its advantages are, and, above all, how it can help you achieve even more promising results in the crypto asset market.
See original
#BTCvsMarkets
Bitcoin (BTC) deepens losses this Saturday (5) and trades at US$ 82 million
Bitcoin (BTC) is operating in the red this Saturday (5). At 3 PM (Brasília time), BTC is quoted at US$ 82,935.61, with a drop of 1.01% in the last 24 hours, according to data from CoinMarketCap.
Solana (SOL) and Ethereum (ETH) are also retreating today. SOL drops 2.87% in 24 hours, worth US$ 118.33, and ETH is down 1.20%, at US$ 1,790.66.
In recent days, global markets have been hit by the escalation of the trade war. The surge in risk aversion came after the United States announced the imposition of reciprocal tariffs on imported goods, based on the rates charged by its trading partners.
On Friday (4), in the US, the Nasdaq index, which includes the largest companies in the technology sector, entered a 'bear market', with a decline of 22% from the all-time highs — which were reached in December. The Dow Jones recorded its largest decline since June 2020 and the S&P 500 had its largest daily drop since March 2020.
Bitcoin (BTC) deepens losses this Saturday (5) and trades at US$ 82 million
Bitcoin (BTC) is operating in the red this Saturday (5). At 3 PM (Brasília time), BTC is quoted at US$ 82,935.61, with a drop of 1.01% in the last 24 hours, according to data from CoinMarketCap.
Solana (SOL) and Ethereum (ETH) are also retreating today. SOL drops 2.87% in 24 hours, worth US$ 118.33, and ETH is down 1.20%, at US$ 1,790.66.
In recent days, global markets have been hit by the escalation of the trade war. The surge in risk aversion came after the United States announced the imposition of reciprocal tariffs on imported goods, based on the rates charged by its trading partners.
On Friday (4), in the US, the Nasdaq index, which includes the largest companies in the technology sector, entered a 'bear market', with a decline of 22% from the all-time highs — which were reached in December. The Dow Jones recorded its largest decline since June 2020 and the S&P 500 had its largest daily drop since March 2020.
See original
#BinanceEarnYieldArena
Binance Earn has launched a new Earn Yield Arena, a hub for campaigns where users can easily participate in various campaigns with exclusive rewards of up to $1M. Binance users can earn rewards from Flexible and Locked Products, ETH Staking, SOL Staking, dual investment, and more to maximize their earnings.
Create a post with #BinanceEarnYieldArena to earn Binance Points and unlock a share of 1000USDC in rewards! Eligible posts must contain at least 100 characters and a maximum of 1 hashtag. All eligible posts will equally share 1,000 USDC token vouchers, limited to $5 per participant.
Your posts can include the following:
1. Your experience participating in campaigns in the Earn Yield Arena
2. Tips on how to maximize your earnings
3. Investment strategies amid market fluctuations
Go to the Task Center to claim your posts after publication, point rewards are on a first-come, first-served basis!
Activity Period: 2025-03-25 to 2025-04-13
Binance Earn has launched a new Earn Yield Arena, a hub for campaigns where users can easily participate in various campaigns with exclusive rewards of up to $1M. Binance users can earn rewards from Flexible and Locked Products, ETH Staking, SOL Staking, dual investment, and more to maximize their earnings.
Create a post with #BinanceEarnYieldArena to earn Binance Points and unlock a share of 1000USDC in rewards! Eligible posts must contain at least 100 characters and a maximum of 1 hashtag. All eligible posts will equally share 1,000 USDC token vouchers, limited to $5 per participant.
Your posts can include the following:
1. Your experience participating in campaigns in the Earn Yield Arena
2. Tips on how to maximize your earnings
3. Investment strategies amid market fluctuations
Go to the Task Center to claim your posts after publication, point rewards are on a first-come, first-served basis!
Activity Period: 2025-03-25 to 2025-04-13
See original
Bitcoin succumbs to the liquidation of risk assets and falls 5% in reaction to tariffs
The cryptocurrency dropped to around $81,500 and tokens like Ethereum and XRP also showed losses, while Solana plummeted 10%
Bitcoin (BTC) and other large-cap cryptocurrencies retreated this Thursday (3) after U.S. President Donald Trump announced new trade tariffs on partners, increasing risk aversion in global markets.
The cryptocurrency dropped more than 5%, trading at around $81,500 around 11:50 AM. Tokens like Ethereum (ETH) and XRP also showed losses, while Solana (SOL) plummeted 10%.
Trump revealed that he will impose a minimum tariff of 10% on all exports destined for the U.S., in addition to imposing tariffs on about 60 countries with the largest trade imbalances. China will face a 34% tariff, the European Union will be taxed at 20%, and Japan at 24%.
$BTC
The cryptocurrency dropped to around $81,500 and tokens like Ethereum and XRP also showed losses, while Solana plummeted 10%
Bitcoin (BTC) and other large-cap cryptocurrencies retreated this Thursday (3) after U.S. President Donald Trump announced new trade tariffs on partners, increasing risk aversion in global markets.
The cryptocurrency dropped more than 5%, trading at around $81,500 around 11:50 AM. Tokens like Ethereum (ETH) and XRP also showed losses, while Solana (SOL) plummeted 10%.
Trump revealed that he will impose a minimum tariff of 10% on all exports destined for the U.S., in addition to imposing tariffs on about 60 countries with the largest trade imbalances. China will face a 34% tariff, the European Union will be taxed at 20%, and Japan at 24%.
$BTC
See original
Bitcoin succumbs to the liquidation of risk assets and falls 5% in reaction to tariff increase
The cryptocurrency fell to around US$69,305,428,548,1,500 and tokens like Ethereum and XRP also showed losses, while Solana plummeted 10%
Bitcoin (BTC) and other large-cap cryptocurrencies retreated on Thursday (3) after the President of the United States, Donald Trump, announced new trade tariffs on partners, intensifying risk aversion in global markets.
The cryptocurrency fell more than 5%, trading at around US$69,305,428,548,1,500 around 11:50 AM. Tokens like Ethereum (ETH) and XRP also showed losses, while Solana (SOL) plummeted 10%.
Trump revealed that he will impose a minimum tariff of 10% on all exports destined for the U.S., in addition to imposing tariffs on about 60 countries with the largest trade imbalances. China will face a tariff of 34%, the European Union will be taxed at 20%, and Japan at 24%.
#TrumpTariffs
The cryptocurrency fell to around US$69,305,428,548,1,500 and tokens like Ethereum and XRP also showed losses, while Solana plummeted 10%
Bitcoin (BTC) and other large-cap cryptocurrencies retreated on Thursday (3) after the President of the United States, Donald Trump, announced new trade tariffs on partners, intensifying risk aversion in global markets.
The cryptocurrency fell more than 5%, trading at around US$69,305,428,548,1,500 around 11:50 AM. Tokens like Ethereum (ETH) and XRP also showed losses, while Solana (SOL) plummeted 10%.
Trump revealed that he will impose a minimum tariff of 10% on all exports destined for the U.S., in addition to imposing tariffs on about 60 countries with the largest trade imbalances. China will face a tariff of 34%, the European Union will be taxed at 20%, and Japan at 24%.
#TrumpTariffs
See original
#CircleIPO
Circle, issuer of USDC, files for IPO and aims for a valuation of up to US$ 5 billion
Responsible for the second largest cryptocurrency pegged to the dollar has initiated the process to go public in the United States
Circle, the company responsible for issuing the USDC stablecoin, officially submitted its application for an initial public offering (IPO) in the United States on Tuesday, the 1st. The approval of the application and the opening of shares in the American market varies from about a month to longer periods, depending on the case.
In a statement sent to the market, Circle said it has the mission to "increase global economic prosperity through frictionless value exchange." The company became famous for adopting blockchain technology and cryptocurrencies to facilitate financial transactions.
"We believe that, with the advent of blockchain networks, the global financial system can be rebuilt on the principles of the internet — those of open software and public networks — for the benefit of all society," the company also stated.
$USDC
Circle, issuer of USDC, files for IPO and aims for a valuation of up to US$ 5 billion
Responsible for the second largest cryptocurrency pegged to the dollar has initiated the process to go public in the United States
Circle, the company responsible for issuing the USDC stablecoin, officially submitted its application for an initial public offering (IPO) in the United States on Tuesday, the 1st. The approval of the application and the opening of shares in the American market varies from about a month to longer periods, depending on the case.
In a statement sent to the market, Circle said it has the mission to "increase global economic prosperity through frictionless value exchange." The company became famous for adopting blockchain technology and cryptocurrencies to facilitate financial transactions.
"We believe that, with the advent of blockchain networks, the global financial system can be rebuilt on the principles of the internet — those of open software and public networks — for the benefit of all society," the company also stated.
$USDC
See original
#AmericanBitcoinLaunch
Trump Finally Announces Bitcoin Reserve, But Allies Criticize Measure
On Sunday (3), President Donald Trump stated that he will oversee the creation of a strategic cryptocurrency reserve, composed of Bitcoin, Ethereum, XRP, Solana, and Cardano. According to him, this would be a way to "ensure that the U.S. is the Global Capital of Cryptocurrencies," repeating his campaign promises to become the most pro-crypto president in history.
However, the announcement faced an unusual level of skepticism among major figures in the crypto and technology sector, with much criticism focused on the decision to include assets beyond Bitcoin in the fund, as well as the question of whether the government's purchase of cryptocurrencies exceeds traditional limits of what it would be within a free market.
Trump Finally Announces Bitcoin Reserve, But Allies Criticize Measure
On Sunday (3), President Donald Trump stated that he will oversee the creation of a strategic cryptocurrency reserve, composed of Bitcoin, Ethereum, XRP, Solana, and Cardano. According to him, this would be a way to "ensure that the U.S. is the Global Capital of Cryptocurrencies," repeating his campaign promises to become the most pro-crypto president in history.
However, the announcement faced an unusual level of skepticism among major figures in the crypto and technology sector, with much criticism focused on the decision to include assets beyond Bitcoin in the fund, as well as the question of whether the government's purchase of cryptocurrencies exceeds traditional limits of what it would be within a free market.
See original
#NavigatingAlpha2.0
Navigating the World of Alpha 2.0: Trends and Perspectives
In the world of cryptocurrencies, Alpha 2.0 projects are becoming increasingly attractive to investors. My experience shows that beginners should start with small amounts and carefully study the white papers of the projects. Pay special attention to tokens with real applications. A striking example of success is PEPE 2.0, which showed a growth of 320% last month. Analysts predict a continuation of the upward trend for meme coins in the current quarter in an overall market optimism scenario. **Pros of Alpha 2.0:** - High potential for return - Innovative technologies - Active community **Cons:** - Higher volatility - Risks of initial investments - Need for constant market monitoring #NavigatingAlpha2.0
Navigating the World of Alpha 2.0: Trends and Perspectives
In the world of cryptocurrencies, Alpha 2.0 projects are becoming increasingly attractive to investors. My experience shows that beginners should start with small amounts and carefully study the white papers of the projects. Pay special attention to tokens with real applications. A striking example of success is PEPE 2.0, which showed a growth of 320% last month. Analysts predict a continuation of the upward trend for meme coins in the current quarter in an overall market optimism scenario. **Pros of Alpha 2.0:** - High potential for return - Innovative technologies - Active community **Cons:** - Higher volatility - Risks of initial investments - Need for constant market monitoring #NavigatingAlpha2.0
See original
Binance Button Game Campaign
Access it!!!
Button Game Click Here
Access it!!!
Button Game Click Here
Binance Button Game
Binance Button Game
Let it begin....and let's see 💃💃
$BTC
#greatman
#Write2Earn
#Binance
Let it begin....and let's see 💃💃
$BTC
#greatman
#Write2Earn
#Binance
🚨 *Get Ready for the RedStone (RED) Airdrop Tomorrow! 🚨*
Alright, crypto fam! Tomorrow's the day, and it's time to *grab some FREE tokens*! 🎉🔥 Here's everything you need to know about the *RedStone (RED)* airdrop and *Launchpool* event!
---
*📅 Key Details:*
- *Token Name*: *RedStone (RED)*
- *Total Token Supply*: 1,000,000,000 RED
- *Launchpool Token Rewards*: 40,000,000 RED (4% of total supply)
- *Initial Circulating Supply*: 280,000,000 RED (28% of total supply)
- *Smart Contract*: Ethereum Network
(addresses hidden for security purpose)*
---
*💰 Rewards Breakdown:*
- *Hourly Hard Cap per User*:
- *66,666 RED* in the BNB pool
- *8,333 RED* in the FDUSD pool
- *8,333 RED* in the USDC pool
---
*🖇 Supported Pools:*
- *Lock BNB*: 32,000,000 RED in rewards (80% of total rewards)
- *Lock FDUSD*: 4,000,000 RED in rewards (10%)
- *Lock USDC*: 4,000,000 RED in rewards (10%)
---
*📅 Farming Period:*
- *Start*: 2025-02-26 00:00 (UTC)
- *End*: 2025-02-27 23:59 (UTC)
---
*💥 Farming Breakdown:*
- *Total Daily Rewards*: 20,000,000 RED
- *BNB Pool Daily Rewards*: 16,000,000 RED
- *FDUSD Pool Daily Rewards*: 2,000,000 RED
- *USDC Pool Daily Rewards*: 2,000,000 RED
---
*🔒 How to Participate:*
- You need to *lock your tokens* in the available pools: *BNB*, *FDUSD*, and *USDC*.
- Make sure you *complete KYC* on Binance to be eligible! ✅
- *Webpage for locking* will be available in *12 hours* – stay tuned!
---
*🎉 Final Thoughts:*
Don't miss out on this *amazing opportunity* to farm *RedStone (RED)* and add some *free tokens* to your portfolio! 🚀 The rewards are HUGE, so make sure you’re ready to participate tomorrow!
Good luck to everyone, and happy farming! 🌱💰
$BNB
$FDUSD
#RedStone #Airdrop #Binance #CryptoRewards #FreeTokens
Alright, crypto fam! Tomorrow's the day, and it's time to *grab some FREE tokens*! 🎉🔥 Here's everything you need to know about the *RedStone (RED)* airdrop and *Launchpool* event!
---
*📅 Key Details:*
- *Token Name*: *RedStone (RED)*
- *Total Token Supply*: 1,000,000,000 RED
- *Launchpool Token Rewards*: 40,000,000 RED (4% of total supply)
- *Initial Circulating Supply*: 280,000,000 RED (28% of total supply)
- *Smart Contract*: Ethereum Network
(addresses hidden for security purpose)*
---
*💰 Rewards Breakdown:*
- *Hourly Hard Cap per User*:
- *66,666 RED* in the BNB pool
- *8,333 RED* in the FDUSD pool
- *8,333 RED* in the USDC pool
---
*🖇 Supported Pools:*
- *Lock BNB*: 32,000,000 RED in rewards (80% of total rewards)
- *Lock FDUSD*: 4,000,000 RED in rewards (10%)
- *Lock USDC*: 4,000,000 RED in rewards (10%)
---
*📅 Farming Period:*
- *Start*: 2025-02-26 00:00 (UTC)
- *End*: 2025-02-27 23:59 (UTC)
---
*💥 Farming Breakdown:*
- *Total Daily Rewards*: 20,000,000 RED
- *BNB Pool Daily Rewards*: 16,000,000 RED
- *FDUSD Pool Daily Rewards*: 2,000,000 RED
- *USDC Pool Daily Rewards*: 2,000,000 RED
---
*🔒 How to Participate:*
- You need to *lock your tokens* in the available pools: *BNB*, *FDUSD*, and *USDC*.
- Make sure you *complete KYC* on Binance to be eligible! ✅
- *Webpage for locking* will be available in *12 hours* – stay tuned!
---
*🎉 Final Thoughts:*
Don't miss out on this *amazing opportunity* to farm *RedStone (RED)* and add some *free tokens* to your portfolio! 🚀 The rewards are HUGE, so make sure you’re ready to participate tomorrow!
Good luck to everyone, and happy farming! 🌱💰
$BNB
$FDUSD
#RedStone #Airdrop #Binance #CryptoRewards #FreeTokens
See original
$PEPE #Campaign
Claim your free PEPE tokens! 🎉🐸🎉
Get ready to get your share of free PEPE tokens. This exciting offer allows verified and eligible users to earn up to 120,000 PEPE tokens in 30 days.
How to Participate:
1. Eligibility: This offer is exclusively for verified users who receive a special invitation via app push notification and/or email. Check your notifications! 📲
click aqui
2. Daily Login Mission: Log in daily and complete the mission to earn 4,000 PEPE tokens.
How to Participate:
1. Eligibility: This offer is exclusively for verified users who receive a special invitation via app push notification and/or email. Check your notifications! 📲
click aqui
2. Daily Login Mission: Log in daily and complete the mission to earn 4,000 PEPE tokens.
See original
#PriceTrendAnalysis
The cryptocurrency market on February 21, 2025, shows Bitcoin (BTC) trading at $$ 98.090 with a slight gain of 0.96%, while Ethereum (ETH) holds steady at $$ 2.728.71. Solana and Dogecoin emerge as the top gainers, while XRP struggles with a 0.5% drop. The market is reacting to political changes, regulatory updates, and Coinbase’s SEC win. Investors are closely watching Bitcoin’s move towards $$ 99.000 and Ethereum’s steady performance.
What should investors watch out for in the coming days?
Investors should closely monitor ongoing political developments, particularly the new administration’s policies that could impact economic conditions and regulatory frameworks. Additionally, staying informed about technological advancements and adoption rates of various cryptocurrencies will provide insight into potential market movements.
The cryptocurrency market on February 21, 2025, shows Bitcoin (BTC) trading at $$ 98.090 with a slight gain of 0.96%, while Ethereum (ETH) holds steady at $$ 2.728.71. Solana and Dogecoin emerge as the top gainers, while XRP struggles with a 0.5% drop. The market is reacting to political changes, regulatory updates, and Coinbase’s SEC win. Investors are closely watching Bitcoin’s move towards $$ 99.000 and Ethereum’s steady performance.
What should investors watch out for in the coming days?
Investors should closely monitor ongoing political developments, particularly the new administration’s policies that could impact economic conditions and regulatory frameworks. Additionally, staying informed about technological advancements and adoption rates of various cryptocurrencies will provide insight into potential market movements.
See original
#VIRTUALWhale
Virtual Protocol (VIRTUAL) Gains Momentum With Key Breakout Retest: Is There More Rally Ahead?
Date: Friday, February 21, 2025 | 14:49 GMT
In the crypto market this week, major altcoins have started making upward moves after facing a correction phase following the rally witnessed in November 2024.
Following the current momentum, Virtuals Protocol (VIRTUAL) – the platform specializing in AI agents – is in the spotlight today with impressive gains of over 26% following its recent breakout and successful retest.
Meanwhile, the token has seen a major correction in the past 30 days, which has now eased to 57%, and the current technical setup could help it set up a recovery.
Retests Falling Wedge Breakout
From late November to early January, VIRTUAL experienced an explosive 846% rally, rising from $$ 0.54 to a peak of $$ 5.17 on January 2. However, after this massive uptrend, the price entered a correction phase, forming a falling wedge pattern. Most recently, on February 14, VIRTUAL successfully broke out of the falling wedge trendline, reaching a short-term high of $$ 1.49 before pulling back to retest the breakout trendline at $$ 0.96.
Virtual Protocol (VIRTUAL) Gains Momentum With Key Breakout Retest: Is There More Rally Ahead?
Date: Friday, February 21, 2025 | 14:49 GMT
In the crypto market this week, major altcoins have started making upward moves after facing a correction phase following the rally witnessed in November 2024.
Following the current momentum, Virtuals Protocol (VIRTUAL) – the platform specializing in AI agents – is in the spotlight today with impressive gains of over 26% following its recent breakout and successful retest.
Meanwhile, the token has seen a major correction in the past 30 days, which has now eased to 57%, and the current technical setup could help it set up a recovery.
Retests Falling Wedge Breakout
From late November to early January, VIRTUAL experienced an explosive 846% rally, rising from $$ 0.54 to a peak of $$ 5.17 on January 2. However, after this massive uptrend, the price entered a correction phase, forming a falling wedge pattern. Most recently, on February 14, VIRTUAL successfully broke out of the falling wedge trendline, reaching a short-term high of $$ 1.49 before pulling back to retest the breakout trendline at $$ 0.96.
See original
Gas fees: what are they and how do they affect your crypto transactions?
Learn how Ethereum gas fees work and see efficient ways to reduce your costs in crypto transactions.
Gas fees are the fees required to perform a transaction or execute a contract on the Ethereum network. These fees are paid in gwei, which is a fraction of ether (ETH), the platform's native currency. The payment of these fees goes to validators, who are responsible for processing and validating transactions on the network.
They were introduced as a way to compensate miners (now validators, after the transition to the proof-of-stake model) for their work in maintaining and securing the blockchain.
Without these fees, there would not be enough incentives for validators to participate in the process of validating and securing the network.
The calculation of gas fees involves two main components: the gas limit and the gas price. The Base Fee is a fee set by the network for the transaction. And the Priority Fee is an additional fee that you can add as a “tip” to validators. The higher this fee, the more likely your transaction will be processed faster.
How do gas fees affect your crypto transactions?
Gas fees have a direct impact on the total cost of transactions on the Ethereum network. For those using smart contracts, dApps, or any other Ethereum functionality, understanding how these fees work is crucial.
In addition, in an environment where fees can fluctuate drastically, planning becomes essential. A user who does not understand gas fees may end up paying much more than expected, especially for large transactions or during times of high network congestion.
#GasFeeImpact
Learn how Ethereum gas fees work and see efficient ways to reduce your costs in crypto transactions.
Gas fees are the fees required to perform a transaction or execute a contract on the Ethereum network. These fees are paid in gwei, which is a fraction of ether (ETH), the platform's native currency. The payment of these fees goes to validators, who are responsible for processing and validating transactions on the network.
They were introduced as a way to compensate miners (now validators, after the transition to the proof-of-stake model) for their work in maintaining and securing the blockchain.
Without these fees, there would not be enough incentives for validators to participate in the process of validating and securing the network.
The calculation of gas fees involves two main components: the gas limit and the gas price. The Base Fee is a fee set by the network for the transaction. And the Priority Fee is an additional fee that you can add as a “tip” to validators. The higher this fee, the more likely your transaction will be processed faster.
How do gas fees affect your crypto transactions?
Gas fees have a direct impact on the total cost of transactions on the Ethereum network. For those using smart contracts, dApps, or any other Ethereum functionality, understanding how these fees work is crucial.
In addition, in an environment where fees can fluctuate drastically, planning becomes essential. A user who does not understand gas fees may end up paying much more than expected, especially for large transactions or during times of high network congestion.
#GasFeeImpact
See original
Ether and Ethereum
Ether and Ethereum are terms that are often used interchangeably, but they have substantial differences that need to be taken into account.
While Ethereum is the name of the blockchain platform on which several decentralized applications are built with their own ERC-20 tokens, Ether refers to the cryptocurrency that circulates through the network.
Therefore, Ether acts as a kind of fuel that helps ensure that the Ethereum network functions correctly and also drives the development of decentralized applications (DApps). It can also be used as a means of exchange, like other cryptocurrencies, and even as a store of value for those enthusiasts who believe in the development potential of the network.
As designated by its Proof of Work (PoW) consensus mechanism, new coins are still created whenever miners verify a new block of transactions, but the Ethereum project is on the verge of making an ambitious shift to a Proof of Stake (PoS) protocol called The Merge. From then on, the validation of transactions and subsequent issuance of new coins will be done through the participation of the network's own users who make their tokens available for this purpose.
Due to the multitude of applications already developed on its network, a wide variety of transaction fees and computational services can be paid using Ether, which can be easily found on the main cryptocurrency exchanges.
Currently, the token is the second largest crypto asset in the world by market capitalization, behind only Bitcoin.
$ETH
Ether and Ethereum are terms that are often used interchangeably, but they have substantial differences that need to be taken into account.
While Ethereum is the name of the blockchain platform on which several decentralized applications are built with their own ERC-20 tokens, Ether refers to the cryptocurrency that circulates through the network.
Therefore, Ether acts as a kind of fuel that helps ensure that the Ethereum network functions correctly and also drives the development of decentralized applications (DApps). It can also be used as a means of exchange, like other cryptocurrencies, and even as a store of value for those enthusiasts who believe in the development potential of the network.
As designated by its Proof of Work (PoW) consensus mechanism, new coins are still created whenever miners verify a new block of transactions, but the Ethereum project is on the verge of making an ambitious shift to a Proof of Stake (PoS) protocol called The Merge. From then on, the validation of transactions and subsequent issuance of new coins will be done through the participation of the network's own users who make their tokens available for this purpose.
Due to the multitude of applications already developed on its network, a wide variety of transaction fees and computational services can be paid using Ether, which can be easily found on the main cryptocurrency exchanges.
Currently, the token is the second largest crypto asset in the world by market capitalization, behind only Bitcoin.
$ETH
See original
#MileiMemeCoinControversy
'Rug Pull': Why Milei Could Face Impeachment
Argentine President Javier Milei could face impeachment proceedings in Congress, opposition lawmakers said Saturday, after he touted a cryptocurrency that subsequently plunged in price.
Milei posted on X on Friday recommending the little-known cryptocurrency $LIBRA, whose price soon soared to nearly $$ 5 each. A few hours later, however, the cryptocurrency had plunged to below $$ 1.
Argentina's fintech chamber acknowledged that the case could potentially be a "rug pull," in which developers of a crypto token attract legitimate investment, driving up the asset's value, only to later dump their stake.
“This scandal, which shames us on an international scale, requires us to file an impeachment petition against the president,” said lawmaker Leandro Santoro, a member of the opposition coalition.
Milei deleted the post on X, with local media saying it had been up for a few hours on Friday night. He later said he had taken down his post after learning about the circumstances and that it had nothing to do with cryptocurrency.
“I was not aware of the details of the project and when I found out, I decided not to continue publicizing it,” he said.
'Rug Pull': Why Milei Could Face Impeachment
Argentine President Javier Milei could face impeachment proceedings in Congress, opposition lawmakers said Saturday, after he touted a cryptocurrency that subsequently plunged in price.
Milei posted on X on Friday recommending the little-known cryptocurrency $LIBRA, whose price soon soared to nearly $$ 5 each. A few hours later, however, the cryptocurrency had plunged to below $$ 1.
Argentina's fintech chamber acknowledged that the case could potentially be a "rug pull," in which developers of a crypto token attract legitimate investment, driving up the asset's value, only to later dump their stake.
“This scandal, which shames us on an international scale, requires us to file an impeachment petition against the president,” said lawmaker Leandro Santoro, a member of the opposition coalition.
Milei deleted the post on X, with local media saying it had been up for a few hours on Friday night. He later said he had taken down his post after learning about the circumstances and that it had nothing to do with cryptocurrency.
“I was not aware of the details of the project and when I found out, I decided not to continue publicizing it,” he said.
Login to explore more contents