Unforgot3426
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Vaulta
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Participate in the $10,000 EOS Giveaway competition 🔥
Competition Period: 2025/01/15 - 2025/01/30
Complete tasks to win your share of the total $10k prize pool
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Competition Period: 2025/01/15 - 2025/01/30
Complete tasks to win your share of the total $10k prize pool
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🌐 #BTC #XRP #DOGE #XLM The Future of Cryptocurrencies?
🔹Bitcoin (BTC): The queen of cryptocurrencies, a safe bet for many investors. Possibility of large long-term gains, but also high volatility. It serves as a decentralized digital currency and will continue to play this role, probably becoming increasingly integrated into financial systems.
🔹Ripple (XRP): Focused on fast and low-cost payments. Potential for major expansion in the international transaction sector. It will serve to speed up and make global financial transactions more efficient.
🔹Dogecoin (DOGE): A cryptocurrency that started as a meme, but with a very active community. Its value is strongly linked to speculation and its popularity online. The future remains uncertain, but it could find new applications in payments and microtransactions.
🔹Stellar Lumens (XLM): A platform for fast and secure transactions of digital currency and assets. It offers potential for cross-border payments and micropayment management. It will serve to facilitate transactions of different types of assets, going beyond simple currencies.
NOTE: The information provided here does not constitute financial advice.
$BTC
$XRP
$DOGE
$XLM
🔹Bitcoin (BTC): The queen of cryptocurrencies, a safe bet for many investors. Possibility of large long-term gains, but also high volatility. It serves as a decentralized digital currency and will continue to play this role, probably becoming increasingly integrated into financial systems.
🔹Ripple (XRP): Focused on fast and low-cost payments. Potential for major expansion in the international transaction sector. It will serve to speed up and make global financial transactions more efficient.
🔹Dogecoin (DOGE): A cryptocurrency that started as a meme, but with a very active community. Its value is strongly linked to speculation and its popularity online. The future remains uncertain, but it could find new applications in payments and microtransactions.
🔹Stellar Lumens (XLM): A platform for fast and secure transactions of digital currency and assets. It offers potential for cross-border payments and micropayment management. It will serve to facilitate transactions of different types of assets, going beyond simple currencies.
NOTE: The information provided here does not constitute financial advice.
$BTC
$XRP
$DOGE
$XLM
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❗NEWS!
🌍 Prepare for change: XRP and RLUSD are writing the future of global transactions.
#XRP e #RLUSD
🚀 A Revolutionary Future in Global Payments?
XRP is set to transform financial markets: with the launch of the Ripple-backed stablecoin RLUSD, blockchain adoption could grow dramatically in Europe and around the world. The NYDFS-approved RLUSD promises greater stability for international payments, reducing costs and speeding up transactions. Furthermore, the announcement that several Japanese banks will use XRP by 2025 underscores its potential to lead the way in digitizing global payments.
With the increase in institutional interest and the opening towards XRP-based ETFs, this cryptocurrency is expected to consolidate its position in global markets, especially in a European context that aims for regulation and security in the crypto sector.
❗What do you think? Write it in the comments!
$XRP
🌍 Prepare for change: XRP and RLUSD are writing the future of global transactions.
#XRP e #RLUSD
🚀 A Revolutionary Future in Global Payments?
XRP is set to transform financial markets: with the launch of the Ripple-backed stablecoin RLUSD, blockchain adoption could grow dramatically in Europe and around the world. The NYDFS-approved RLUSD promises greater stability for international payments, reducing costs and speeding up transactions. Furthermore, the announcement that several Japanese banks will use XRP by 2025 underscores its potential to lead the way in digitizing global payments.
With the increase in institutional interest and the opening towards XRP-based ETFs, this cryptocurrency is expected to consolidate its position in global markets, especially in a European context that aims for regulation and security in the crypto sector.
❗What do you think? Write it in the comments!
$XRP
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Binance News
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Dogecoin Vulnerability Exposes Node Weaknesses
According to PANews, a recent vulnerability attack has significantly impacted Dogecoin's node structure. The flaw, known as 'Dogereaper,' was exploited by Sequentia developer Andreas Kohl, who managed to crash 69% of Dogecoin nodes using an old laptop from El Salvador. Despite the severe impact on Dogecoin nodes, the situation could have been worse. The vulnerability was disclosed by ecash developer Tobias Ruck and another developer, Roqqit.
Tobias Ruck revealed that he first discovered the vulnerability while developing Doged, an alternative to Dogecoin Core. During code testing for their alternative software, they identified an unpatched segmentation fault in the original code. Ruck emphasized the importance of network security, stating, 'We do not tolerate node crashes, and we have put in a lot of effort to ensure network safety. This attack could have been more severe, but all major stakeholders, such as miners and exchanges, had already patched the issue before the attack occurred. This highlights the importance of our cautious approach.'
Tobias Ruck revealed that he first discovered the vulnerability while developing Doged, an alternative to Dogecoin Core. During code testing for their alternative software, they identified an unpatched segmentation fault in the original code. Ruck emphasized the importance of network security, stating, 'We do not tolerate node crashes, and we have put in a lot of effort to ensure network safety. This attack could have been more severe, but all major stakeholders, such as miners and exchanges, had already patched the issue before the attack occurred. This highlights the importance of our cautious approach.'
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Binance News
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XRP Sees Historic Rally Amid Political and Ecosystem Developments
According to Cointelegraph, XRP experienced a significant rally in November 2024, driven by political factors and advancements within its ecosystem. Georgios Vlachos, co-founder of the Axelar open-source interoperability platform, highlighted the potential impact of the upcoming RLUSD stablecoin on XRP demand in 2025. Vlachos noted that stablecoins are widely used for transactions and as a store of value, particularly in emerging economies. The RLUSD stablecoin is expected to primarily settle transactions on the XRP Ledger (XRPL) and the XRP-EVM sidechain, thereby increasing demand for XRP. He explained that XRP holders benefit from these transactions as they require gas fees paid in XRP, which results in the burning of some XRP with each transaction.
XRP reached a seven-year high of approximately $2.90 on December 3, 2024, before retreating to current levels. This pullback followed the Relative Strength Index (RSI) hitting 95, indicating an overbought condition. Despite this, several factors continue to attract investor interest in XRP as 2025 approaches. The cryptocurrency's rally was partly fueled by Donald Trump's electoral victory on November 5, which brought optimism to the crypto market due to his pro-crypto stance and the potential for a more favorable regulatory environment in the United States.
Additionally, on November 25, asset management firm WisdomTree filed for an XRP exchange-traded fund (ETF), joining other firms like Bitwise, Canary Capital, and 21Shares, which have also submitted applications to the Securities and Exchange Commission (SEC) for similar ETFs. On December 1, XRP surpassed Solana in market capitalization, becoming the fourth-largest cryptocurrency. Data from CoinMarketCap shows XRP's market cap at approximately $138 billion, just under $2 billion short of Tether's market cap of around $140 billion.
The New York Department of Financial Services (NYDFS) approved Ripple's RLUSD stablecoin on December 10. This dollar-pegged stablecoin will be overcollateralized by fiat cash reserves and short-term cash equivalents like US Treasury bills, and it will be redeemable at a 1:1 ratio with US dollars. Readers are reminded that this article does not provide investment advice or recommendations. All investment and trading activities involve risk, and individuals should conduct their own research before making decisions.
XRP reached a seven-year high of approximately $2.90 on December 3, 2024, before retreating to current levels. This pullback followed the Relative Strength Index (RSI) hitting 95, indicating an overbought condition. Despite this, several factors continue to attract investor interest in XRP as 2025 approaches. The cryptocurrency's rally was partly fueled by Donald Trump's electoral victory on November 5, which brought optimism to the crypto market due to his pro-crypto stance and the potential for a more favorable regulatory environment in the United States.
Additionally, on November 25, asset management firm WisdomTree filed for an XRP exchange-traded fund (ETF), joining other firms like Bitwise, Canary Capital, and 21Shares, which have also submitted applications to the Securities and Exchange Commission (SEC) for similar ETFs. On December 1, XRP surpassed Solana in market capitalization, becoming the fourth-largest cryptocurrency. Data from CoinMarketCap shows XRP's market cap at approximately $138 billion, just under $2 billion short of Tether's market cap of around $140 billion.
The New York Department of Financial Services (NYDFS) approved Ripple's RLUSD stablecoin on December 10. This dollar-pegged stablecoin will be overcollateralized by fiat cash reserves and short-term cash equivalents like US Treasury bills, and it will be redeemable at a 1:1 ratio with US dollars. Readers are reminded that this article does not provide investment advice or recommendations. All investment and trading activities involve risk, and individuals should conduct their own research before making decisions.
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#italy $ $ $
📢 Important update on cryptocurrency taxation in Italy 🇮🇹
According to the new provisions:
🔹 2025: The tax on capital gains from the sale of cryptocurrencies will drop to 26% (from the previous 42%).
🔹 2026: The rate will rise again to 33%.
❗ Important news: the exemption threshold of €2,000 will be eliminated, so all transactions, even the smallest ones, will be taxed.
Crypto taxation will thus exceed that of traditional assets in Italy:
📌 Government bonds: 12.5%
📌 Stocks and other securities: 26%
📌 Crypto (from 2026): 33%
🚀💥 Italy is therefore among the countries with the highest crypto taxation in Europe and in the world.
What do you think?
❗VOTE
📢 Important update on cryptocurrency taxation in Italy 🇮🇹
According to the new provisions:
🔹 2025: The tax on capital gains from the sale of cryptocurrencies will drop to 26% (from the previous 42%).
🔹 2026: The rate will rise again to 33%.
❗ Important news: the exemption threshold of €2,000 will be eliminated, so all transactions, even the smallest ones, will be taxed.
Crypto taxation will thus exceed that of traditional assets in Italy:
📌 Government bonds: 12.5%
📌 Stocks and other securities: 26%
📌 Crypto (from 2026): 33%
🚀💥 Italy is therefore among the countries with the highest crypto taxation in Europe and in the world.
What do you think?
❗VOTE
- meno tasse sulle plusvalenze
91%
+ più tasse sulle plusvalenze
9%
596 votes • Voting closed
Cryptopolitan
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“Bitcoin Is Going to Hit $1 Million,” Says Eric Trump At Bitcoin MENA
Eric Trump predicts Bitcoin will hit $1 million per coin, calling it a key part of the financial revolution. He criticized Biden’s regulations, credited his father for Bitcoin’s rise past $100,000, and highlighted Bitcoin’s advantages over traditional finance. He promised the Trump family’s continued support for digital assets.
Eric Trump, the vice president of the Trump Organization, delivered a powerful speech at the Bitcoin MENA 2024 conference in Abu Dhabi on December 9, after Trump’s victory.
Today, @EricTrump shared his views on the significance of #Bitcoin and the role that he and @realDonaldTrump expect it to play in the future. The speech is extraordinary and I highly recommend watching it in full.pic.twitter.com/0WJooTcOvW
— Michael Saylor⚡️ (@saylor) December 10, 2024
Eric Trump Predicts Bitcoin
Eric predicted that Bitcoin would soon surpass the $1 million mark and called it the “cornerstone of a financial revolution.” In his address, Eric described Bitcoin as a “global asset” and stressed its importance in a world increasingly threatened by inflation, political instability, and natural disasters.
“Bitcoin is the future of finance,” he proclaimed, emphasizing that its decentralized nature and fixed supply of 21 million coins make it a powerful hedge against the traditional financial system’s inefficiencies. “Bitcoin eliminates the need for tens of thousands of bankers pushing paperwork for exorbitant fees,” Eric added, making a strong argument for how cryptocurrency can simplify global transactions.
He also took the opportunity to criticize the Biden administration’s stance on cryptocurrency, accusing it of waging a “war” on the sector through aggressive regulatory measures, particularly the lawsuits filed by the Securities and Exchange Commission (SEC).
Eric highlighted the collapse of FTX as a turning point for the industry, noting that the previous administration’s actions had these uncertainties.
Trump’s role in Bitcoin
“Under my father’s leadership, America will lead the digital revolution,” he declared, receiving loud applause many of whom were sporting “Make Bitcoin Great Again” caps.
He credited President-elect Donald Trump with driving Bitcoin’s recent surge past the $100,000 mark, stating, “When Bitcoin hit $100,000, I immediately called my father to share the good news.” He further argued that those who embrace Bitcoin now, including governments and institutions, will be the biggest winners in the digital revolution.
“Bitcoin is instantly liquid, borderless, and a global currency,” he said. “It doesn’t rely on traditional banking systems. It’s not subject to corrupt governments.”
He added that Bitcoin’s price would continue to climb, eventually reaching $1 million per coin. “A lot more eyes will be open when Bitcoin hits $1 million, and I’m confident it’s going to hit $1 million.”
“It’s a shift in how companies like ours receive money,” he explained, referring to the Trump Organization’s involvement in cryptocurrency. Eric promised that the Trump family would remain steadfast supporters of digital assets, ensuring they continue to play a significant role in the global financial landscape.
From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Eric Trump, the vice president of the Trump Organization, delivered a powerful speech at the Bitcoin MENA 2024 conference in Abu Dhabi on December 9, after Trump’s victory.
Today, @EricTrump shared his views on the significance of #Bitcoin and the role that he and @realDonaldTrump expect it to play in the future. The speech is extraordinary and I highly recommend watching it in full.pic.twitter.com/0WJooTcOvW
— Michael Saylor⚡️ (@saylor) December 10, 2024
Eric Trump Predicts Bitcoin
Eric predicted that Bitcoin would soon surpass the $1 million mark and called it the “cornerstone of a financial revolution.” In his address, Eric described Bitcoin as a “global asset” and stressed its importance in a world increasingly threatened by inflation, political instability, and natural disasters.
“Bitcoin is the future of finance,” he proclaimed, emphasizing that its decentralized nature and fixed supply of 21 million coins make it a powerful hedge against the traditional financial system’s inefficiencies. “Bitcoin eliminates the need for tens of thousands of bankers pushing paperwork for exorbitant fees,” Eric added, making a strong argument for how cryptocurrency can simplify global transactions.
He also took the opportunity to criticize the Biden administration’s stance on cryptocurrency, accusing it of waging a “war” on the sector through aggressive regulatory measures, particularly the lawsuits filed by the Securities and Exchange Commission (SEC).
Eric highlighted the collapse of FTX as a turning point for the industry, noting that the previous administration’s actions had these uncertainties.
Trump’s role in Bitcoin
“Under my father’s leadership, America will lead the digital revolution,” he declared, receiving loud applause many of whom were sporting “Make Bitcoin Great Again” caps.
He credited President-elect Donald Trump with driving Bitcoin’s recent surge past the $100,000 mark, stating, “When Bitcoin hit $100,000, I immediately called my father to share the good news.” He further argued that those who embrace Bitcoin now, including governments and institutions, will be the biggest winners in the digital revolution.
“Bitcoin is instantly liquid, borderless, and a global currency,” he said. “It doesn’t rely on traditional banking systems. It’s not subject to corrupt governments.”
He added that Bitcoin’s price would continue to climb, eventually reaching $1 million per coin. “A lot more eyes will be open when Bitcoin hits $1 million, and I’m confident it’s going to hit $1 million.”
“It’s a shift in how companies like ours receive money,” he explained, referring to the Trump Organization’s involvement in cryptocurrency. Eric promised that the Trump family would remain steadfast supporters of digital assets, ensuring they continue to play a significant role in the global financial landscape.
From Zero to Web3 Pro: Your 90-Day Career Launch Plan
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Binance News
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XRP News: XRP Crashes 13% Amid Bitcoin's $100K Record: Is Altseason Over?
XRP's performance took a sharp turn as it dropped 13% in the past 24 hours, trading at $2.30 on December 5. This comes as Bitcoin (BTC) reached a historic milestone, smashing past $100,000 to a new all-time high. The dramatic divergence in performance has raised questions about whether the altseason is coming to an end. What caused this sharp XRP downturn, and what’s next for the token?Why is XRP tumbling when Bitcoin is achieving historic highs? "Liquidation spikes and a shift in market sentiment have significantly impacted XRP's momentum," noted a CoinGlass analyst. XRP has been on a correction path since December 3, losing 25% of its value after peaking at $2.90. Its market capitalization fell 8%, slipping to $133 billion and dropping below Tether (USDT). Bitcoin, meanwhile, continued its upward momentum, reaching $104,000. Despite XRP outperforming Bitcoin in November with a 354% surge, the tides turned on December 3, with XRP losing all its December gains against BTC.Liquidations added to XRP’s woes, with $12.8 million in long positions wiped out compared to $7 million in short liquidations. Futures open interest also declined from $4.3 billion, but it remains significantly higher than November's $722 million baseline.Technical indicators suggest XRP might rebound with a bull flag pattern emerging on the four-hour chart. A decisive break above $2.37 could push XRP to $4.83, potentially reversing its losses. However, the RSI has dropped significantly, signaling that a deeper correction is possible. If XRP fails to hold support at $2.05, it risks sliding further to the $1.68 level."XRP’s short-term prospects hinge on its ability to maintain key support levels amid volatile market conditions," said a crypto strategist.As of now, XRP trades at $2.30, reflecting heightened market uncertainty. With Bitcoin standing strong at $102,511, traders should watch key support and resistance levels. Stay updated with Binance News for the latest on XRP, Bitcoin, and the crypto market.
Top 3 Cryptocurrencies Owned By Elon Musk 🤑
Elon Musk's top crypto holdings include:
1. Dogecoin (DOGE) 🐕: His favorite cryptocurrency, which he uses for Tesla merchandise and may accept for vehicles.
2. Bitcoin (BTC) 💰: Tesla holds around $778 million worth of BTC, making it a BTC whale.
3. Ethereum (ETH) 💻: Musk publicly admitted to owning ETH, which led to a 12% price increase.
Note: The exact amount of ETH held by Musk is unknown. 🤔
🔥🔥🔥 HOW DIN IS REVOLUTIONIZING THE BINANCE WEB3 WALLET AIRDROP CAMPAIGN
The introduction of Decentralized Identifiers (DIN) is transforming the Binance Web3 Wallet Airdrop Campaign, redefining how users engage with blockchain technologies. DIN offers a unique solution to identity verification, enabling secure, private, and seamless participation in airdrop campaigns without the need for centralized intermediaries.
By integrating DIN into the Binance Web3 Wallet, the airdrop process becomes more efficient and inclusive. Users can create verifiable credentials linked to their wallets, streamlining eligibility checks and ensuring fair distribution of rewards.
This eliminates the challenges of fraudulent claims, which have long plagued airdrop campaigns, fostering trust and transparency.
DIN also enhances user privacy, a core tenet of Web3.
Unlike traditional systems that rely on personal data submission, DIN leverages decentralized identity protocols, ensuring that users retain control over their information. This shift empowers participants while aligning with the Web3 ethos of self-sovereignty.
Furthermore, the incorporation of DIN encourages greater user adoption of Binance's ecosystem.
Simplified onboarding and verification processes attract both seasoned crypto enthusiasts and newcomers, fostering community growth. .
#GODINDataForAI #BinanceWeb3Airdrop
#DIN @DIN Data Intelligence Network
#ThanksgivingBTCMoves
$BTC
#ETHOnTheRise
Elon Musk's top crypto holdings include:
1. Dogecoin (DOGE) 🐕: His favorite cryptocurrency, which he uses for Tesla merchandise and may accept for vehicles.
2. Bitcoin (BTC) 💰: Tesla holds around $778 million worth of BTC, making it a BTC whale.
3. Ethereum (ETH) 💻: Musk publicly admitted to owning ETH, which led to a 12% price increase.
Note: The exact amount of ETH held by Musk is unknown. 🤔
🔥🔥🔥 HOW DIN IS REVOLUTIONIZING THE BINANCE WEB3 WALLET AIRDROP CAMPAIGN
The introduction of Decentralized Identifiers (DIN) is transforming the Binance Web3 Wallet Airdrop Campaign, redefining how users engage with blockchain technologies. DIN offers a unique solution to identity verification, enabling secure, private, and seamless participation in airdrop campaigns without the need for centralized intermediaries.
By integrating DIN into the Binance Web3 Wallet, the airdrop process becomes more efficient and inclusive. Users can create verifiable credentials linked to their wallets, streamlining eligibility checks and ensuring fair distribution of rewards.
This eliminates the challenges of fraudulent claims, which have long plagued airdrop campaigns, fostering trust and transparency.
DIN also enhances user privacy, a core tenet of Web3.
Unlike traditional systems that rely on personal data submission, DIN leverages decentralized identity protocols, ensuring that users retain control over their information. This shift empowers participants while aligning with the Web3 ethos of self-sovereignty.
Furthermore, the incorporation of DIN encourages greater user adoption of Binance's ecosystem.
Simplified onboarding and verification processes attract both seasoned crypto enthusiasts and newcomers, fostering community growth. .
#GODINDataForAI #BinanceWeb3Airdrop
#DIN @DIN Data Intelligence Network
#ThanksgivingBTCMoves
$BTC
#ETHOnTheRise
$BTC
Binance Announcement
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Join the November Bitcoin Showdown! Complete Missions and Share 1 BTC in Rewards
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Take part in our special 'Bitcoin Showdown’ promotion this month! Eligible users can complete daily missions and earn Activity Points to claim their share of 1 BTC in token voucher rewards.
Activity Period: 2024-11-18 00:00 (UTC) to 2024-12-15 23:59 (UTC)
How to Participate:
1. Confirm your participation by clicking [Start the Mission] on the activity page.
2. Complete daily missions to earn Activity Points each week.
3. Accumulate Activity Points to win up to $100 in BTC.
Eligible users will be ranked based on the number of Activity Points earned during the Activity Period. The top 100 users with the most Activity Points will each receive $100 worth of BTC token vouchers. The next 3,000 users will share the remainder of 1 BTC, capped at $20 in BTC token voucher per user, distributed according to the points they have earned.
Join the Bitcoin Showdown!
Note:
Rewards will be allocated on a first-come, first-served basis, determined by the order in which users earned their points.Rewards will be distributed by 2024-12-27 23:59 (UTC).
Terms and Conditions:
Only users who opted in their participation for the Activity by clicking [Start the Mission] on the activity page will be eligible for reward(s).To be considered an eligible participant, users must fulfill all the requirements during the Activity Period.Binance reserves the right to cancel any reward(s) if it determines in its sole and absolute discretion that such user or winner has breached any applicable terms and conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending these activities, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Sub-accounts will not be eligible to participate in this activity as independent accounts.Additional promotion terms and conditions can be accessed here.Only users from qualified regions who complete KYC by the end of the Activity Period shall be eligible for any rewards.Activity Points may take up to 48 hours to appear in your account.All appeals regarding Activity Points must be submitted by 2024-12-20, 00:00 (UTC). Appeals after this date will not be considered.Rewards Distribution:Rewards will be distributed in the form of token vouchers. Users can claim their token vouchers via Profile > Rewards Hub.All token voucher rewards will expire within 14 days after distribution. Eligible users must claim their vouchers before the expiration date. Learn how to redeem a voucher.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-11-18
Fellow Binancians,
Take part in our special 'Bitcoin Showdown’ promotion this month! Eligible users can complete daily missions and earn Activity Points to claim their share of 1 BTC in token voucher rewards.
Activity Period: 2024-11-18 00:00 (UTC) to 2024-12-15 23:59 (UTC)
How to Participate:
1. Confirm your participation by clicking [Start the Mission] on the activity page.
2. Complete daily missions to earn Activity Points each week.
3. Accumulate Activity Points to win up to $100 in BTC.
Eligible users will be ranked based on the number of Activity Points earned during the Activity Period. The top 100 users with the most Activity Points will each receive $100 worth of BTC token vouchers. The next 3,000 users will share the remainder of 1 BTC, capped at $20 in BTC token voucher per user, distributed according to the points they have earned.
Join the Bitcoin Showdown!
Note:
Rewards will be allocated on a first-come, first-served basis, determined by the order in which users earned their points.Rewards will be distributed by 2024-12-27 23:59 (UTC).
Terms and Conditions:
Only users who opted in their participation for the Activity by clicking [Start the Mission] on the activity page will be eligible for reward(s).To be considered an eligible participant, users must fulfill all the requirements during the Activity Period.Binance reserves the right to cancel any reward(s) if it determines in its sole and absolute discretion that such user or winner has breached any applicable terms and conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending these activities, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Sub-accounts will not be eligible to participate in this activity as independent accounts.Additional promotion terms and conditions can be accessed here.Only users from qualified regions who complete KYC by the end of the Activity Period shall be eligible for any rewards.Activity Points may take up to 48 hours to appear in your account.All appeals regarding Activity Points must be submitted by 2024-12-20, 00:00 (UTC). Appeals after this date will not be considered.Rewards Distribution:Rewards will be distributed in the form of token vouchers. Users can claim their token vouchers via Profile > Rewards Hub.All token voucher rewards will expire within 14 days after distribution. Eligible users must claim their vouchers before the expiration date. Learn how to redeem a voucher.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-11-18
$DOGE #Dogecoin
U.today
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1.1 Billion DOGE in One Hour, What's Going On?
Dog-themed cryptocurrency Dogecoin (DOGE) has recently seen a flurry of activity, with three massive transactions totaling 1.1 billion DOGE between unknown wallets occurring in a very short period.
Blockchain data tracker Whale Alert has reported three massive transactions totaling 1.1 billion DOGE occurring within a single hour.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 500,000,000 #DOGE (202,294,187 USD) transferred from unknown wallet to unknown wallethttps://t.co/ptPuiBe8ax
— Whale Alert (@whale_alert) November 29, 2024
The transfers included two transactions of 300 million DOGE each and a third involving a staggering 500 million DOGE. Together, these transactions are worth over $445 million at Dogecoin’s current market value.
Whale Alert reported 300,000,000 DOGE worth $121,375,564; 500,000,000 DOGE worth $202,294,187 and 300,000,000 DOGE worth $121,370,881 transferred between unknown wallets.
card
The nature of these transactions remains unclear, with the anonymity of the wallets adding a layer of mystery.
Such substantial transfers are often associated with exchanges, institutional investors or large holders, known as "whales." These movements could indicate OTC transfers that occur outside of an exchange or mere consolidation of holdings.
Dogecoin's large transaction volume jumps 41%
Within the last 24 hours, Dogecoin's large transaction volume has surged 41.12%, suggesting increased activity among whales or institutional holders. Large transaction volume typically tracks transfers exceeding $100,000 in value, often associated with institutional investors, exchanges or whales.
card
According to analytics platform IntoTheBlock, Dogecoin recorded $23.35 billion in large transaction volume within the last day. This comes to 60.9 billion DOGE.
What's next for Dogecoin's price?
At the time of writing, DOGE was up 1.92% in the last 24 hours to $0.41. Dogecoin has been rising since finding support at a low of $0.365 on Nov. 26. If today closes in green, it would mark the third day of gains.
If the rebound sustains, bulls may seek to push Dogecoin above $0.44. If they do that, Dogecoin could surge to $0.50 and later to $0.59. On the other hand, a break and close below $0.369 might result in further declines. Dogecoin may drop to $0.33, then to $0.30.
Blockchain data tracker Whale Alert has reported three massive transactions totaling 1.1 billion DOGE occurring within a single hour.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 500,000,000 #DOGE (202,294,187 USD) transferred from unknown wallet to unknown wallethttps://t.co/ptPuiBe8ax
— Whale Alert (@whale_alert) November 29, 2024
The transfers included two transactions of 300 million DOGE each and a third involving a staggering 500 million DOGE. Together, these transactions are worth over $445 million at Dogecoin’s current market value.
Whale Alert reported 300,000,000 DOGE worth $121,375,564; 500,000,000 DOGE worth $202,294,187 and 300,000,000 DOGE worth $121,370,881 transferred between unknown wallets.
card
The nature of these transactions remains unclear, with the anonymity of the wallets adding a layer of mystery.
Such substantial transfers are often associated with exchanges, institutional investors or large holders, known as "whales." These movements could indicate OTC transfers that occur outside of an exchange or mere consolidation of holdings.
Dogecoin's large transaction volume jumps 41%
Within the last 24 hours, Dogecoin's large transaction volume has surged 41.12%, suggesting increased activity among whales or institutional holders. Large transaction volume typically tracks transfers exceeding $100,000 in value, often associated with institutional investors, exchanges or whales.
card
According to analytics platform IntoTheBlock, Dogecoin recorded $23.35 billion in large transaction volume within the last day. This comes to 60.9 billion DOGE.
What's next for Dogecoin's price?
At the time of writing, DOGE was up 1.92% in the last 24 hours to $0.41. Dogecoin has been rising since finding support at a low of $0.365 on Nov. 26. If today closes in green, it would mark the third day of gains.
If the rebound sustains, bulls may seek to push Dogecoin above $0.44. If they do that, Dogecoin could surge to $0.50 and later to $0.59. On the other hand, a break and close below $0.369 might result in further declines. Dogecoin may drop to $0.33, then to $0.30.
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Binance Academy
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What’s a Blockchain Bridge?
TL;DR
A blockchain bridge is a protocol connecting two blockchains to enable interactions between them. If you own bitcoin but want to participate in DeFi activity on the Ethereum network, a blockchain bridge allows you to do that without selling your bitcoin. Blockchain bridges are fundamental to achieving interoperability within the blockchain space.
Introduction
To understand what a blockchain bridge is, you need to first understand what a blockchain is. Bitcoin, Ethereum, and BNB Smart Chain are some of the major blockchain ecosystems, all relying on different consensus protocols, programming languages, and system rules.
A blockchain bridge is a protocol connecting two economically and technologically separate blockchains to enable interactions between them. These protocols function like a physical bridge linking one island to another, with the islands being separate blockchain ecosystems.
Thus, blockchain bridges enable what is called interoperability, meaning that digital assets and data hosted on one blockchain can interact with another. Interoperability is the cornerstone of the internet: Machines worldwide use the same set of open protocols to talk to each other. In the blockchain space, where there are many distinct protocols, blockchain bridges are essential to enabling a similar ease of exchanging data and value.
Why do we need blockchain bridges?
As the blockchain space developed and expanded, one of the most significant limitations has been the lack of capacity of different blockchains to work together. Each blockchain has its own rules, tokens, protocols, and smart contracts. Blockchain bridges help break up these silos and bring the isolated crypto ecosystems together. An interconnected network of blockchains can allow tokens and data to be exchanged between them smoothly.
Aside from enabling cross-chain transfers, blockchain bridges provide other benefits. They allow users to access new protocols on other chains and enable developers from different blockchain communities to collaborate. In other words, blockchain bridges are a critical component of an interoperable future of the blockchain industry.
How do blockchain bridges work?
The most common use case for a blockchain bridge is token transfer. For example, you want to transfer your bitcoin (BTC) to the Ethereum network. One way is to sell your BTC and then purchase ether (ETH). However, this would incur transaction fees and expose you to price volatility.
Alternatively, you can achieve this objective by using a blockchain bridge without selling your crypto. When you bridge 1 BTC to an Ethereum wallet, a blockchain bridge contract will lock your BTC and create an equivalent amount of Wrapped BTC (WBTC), which is an ERC20 token compatible with the Ethereum network. The amount of BTC you want to port gets locked in a smart contract, and the equivalent tokens on the destination blockchain network are issued or minted. A wrapped token is a tokenized version of another cryptocurrency. It’s pegged to the value of the asset it represents and typically can be redeemed for it (unwrapped) at any point.
From a user’s perspective, this process takes a few steps. To use the Binance Bridge, for example, you will first select the chain you’d like to bridge from and specify the amount. You will then deposit the crypto to an address generated by Binance Bridge. After the crypto is sent to the address during the time window, Binance Bridge will send you an equivalent amount of wrapped tokens on the other blockchain. If you want to convert your funds back, you simply go through the reverse process.
What types of blockchain bridges are there?
Blockchain bridges can be categorized according to their functions, mechanisms, and levels of centralization.
Custodial vs. non-custodial bridges
One common categorization is to divide blockchain bridges into two kinds: custodial (centralized) and non-custodial (decentralized).
Custodial bridges require users to place their trust in a central entity to properly and safely operate the system. Users should do extensive research to ensure that this entity is trustworthy.
Non-custodial bridges operate in a decentralized manner, relying on smart contracts to manage the crypto locking and minting processes, removing the need to trust a bridge operator. In this case, the system’s security is as good as the underlying code.
Blockchain bridges by functions
Another classification is based on how a blockchain bridge functions. Some examples include wrapped asset bridges and sidechain bridges.
Wrapped asset bridges enable crypto interoperability, for example, porting bitcoins to the Ethereum network via wrapping the BTC to Wrapped BTC (WBTC), an ERC20 token compatible with the Ethereum network. Sidechain bridges connect the parent blockchain to its child sidechain, enabling interoperability between the two. They are needed because the parent and sidechain may have different consensus mechanisms. One example is xDai Bridge, which connects the Ethereum mainnet to Gnosis Chain (formerly xDai blockchain), an Ethereum-based stable payment sidechain. xDai is secured by a set of validators different from those who maintain the Ethereum network. The xDai Bridge allows easy transfer of value between the two chains.
Blockchain bridges by mechanisms
There are one-way (unidirectional) bridges and two-way (bidirectional) bridges. A one-way bridge means users can only bridge assets to one destination blockchain but not back to its native blockchain. Two-way bridges allow asset bridging in both directions.
Benefits of blockchain bridges
The most important benefit of blockchain bridges is the ability to improve interoperability.
They enable the exchange of tokens, assets, and data across different blockchains, whether between layer 1 and layer 2 protocols or various sidechains. For example, WBTC enables bitcoin users to explore the decentralized applications (dapps) and DeFi services of the Ethereum ecosystem. An interoperable blockchain sector is critical to the industry’s future success.
Another advantage of blockchain bridges is to improve scalability. Some blockchain bridges can handle a large number of transactions, improving efficiency. For example, the Ethereum-Polygon Bridge is a decentralized two-way bridge that works as a scaling solution to the Ethereum network. As a result, users can benefit from faster transactions and lower transaction costs.
Risks of blockchain bridges
At the same time, blockchain bridges have some limitations. Attackers have exploited the vulnerabilities of some blockchain bridges’ smart contracts. Massive amounts of crypto have been misappropriated by malicious actors from cross-chain bridges.
Custodial bridges may expose users to custodial risks. The centralized entity behind a custodial bridge could theoretically steal users’ funds. When using custodial bridges, go for established brands with long-term track records.
Another potential technical limitation is transaction rate bottlenecks. A single chain’s throughput capacity bottleneck could hinder large-scale blockchain interoperability.
While a bridge can alleviate congestion on a busy network, moving assets away to another chain doesn’t solve the scalability issue as users won’t always have access to the same suite of dapps and services. For example, some Ethereum dapps are not available on the Polygon Bridge, which limits its scaling efficacy.
Finally, blockchain bridges could expose the underlying protocols to risks related to the disparity in trust. Because blockchain bridges connect different blockchains, the overall security of the interconnected networks is as strong as the weakest link.
What’s the future of blockchain bridges?
The internet is a revolutionary system partly because of its high interoperability. Blockchain bridges are critical to enhancing the blockchain industry’s interoperability and mass adoption. They have enabled some essential innovations, allowing users to exchange assets between many blockchain protocols. Blockchain bridges have grown significantly in the number of bridges, users, and total transaction volume.
The need for blockchain bridges will likely continue to grow as the internet moves toward Web3. Future innovations may provide greater scalability and efficiency to users and developers. There could be innovative solutions to address the security risks associated with bridges. Blockchain bridges are integral to building an interoperable, open, and decentralized blockchain space.
Closing thoughts
The development of the blockchain industry is driven by constant innovations. There are the pioneer protocols like the Bitcoin and Ethereum networks, followed by a myriad of alternative layer 1 and layer 2 blockchains. The number of crypto coins and tokens has grown exponentially.
With separate rules and technologies, they need blockchain bridges to be interconnected. A blockchain ecosystem linked by bridges is more cohesive and interoperable, opening up opportunities for better scalability and efficiency. With numerous attacks on cross-chain bridges, the search for a more secure and robust bridge design continues.
A blockchain bridge is a protocol connecting two blockchains to enable interactions between them. If you own bitcoin but want to participate in DeFi activity on the Ethereum network, a blockchain bridge allows you to do that without selling your bitcoin. Blockchain bridges are fundamental to achieving interoperability within the blockchain space.
Introduction
To understand what a blockchain bridge is, you need to first understand what a blockchain is. Bitcoin, Ethereum, and BNB Smart Chain are some of the major blockchain ecosystems, all relying on different consensus protocols, programming languages, and system rules.
A blockchain bridge is a protocol connecting two economically and technologically separate blockchains to enable interactions between them. These protocols function like a physical bridge linking one island to another, with the islands being separate blockchain ecosystems.
Thus, blockchain bridges enable what is called interoperability, meaning that digital assets and data hosted on one blockchain can interact with another. Interoperability is the cornerstone of the internet: Machines worldwide use the same set of open protocols to talk to each other. In the blockchain space, where there are many distinct protocols, blockchain bridges are essential to enabling a similar ease of exchanging data and value.
Why do we need blockchain bridges?
As the blockchain space developed and expanded, one of the most significant limitations has been the lack of capacity of different blockchains to work together. Each blockchain has its own rules, tokens, protocols, and smart contracts. Blockchain bridges help break up these silos and bring the isolated crypto ecosystems together. An interconnected network of blockchains can allow tokens and data to be exchanged between them smoothly.
Aside from enabling cross-chain transfers, blockchain bridges provide other benefits. They allow users to access new protocols on other chains and enable developers from different blockchain communities to collaborate. In other words, blockchain bridges are a critical component of an interoperable future of the blockchain industry.
How do blockchain bridges work?
The most common use case for a blockchain bridge is token transfer. For example, you want to transfer your bitcoin (BTC) to the Ethereum network. One way is to sell your BTC and then purchase ether (ETH). However, this would incur transaction fees and expose you to price volatility.
Alternatively, you can achieve this objective by using a blockchain bridge without selling your crypto. When you bridge 1 BTC to an Ethereum wallet, a blockchain bridge contract will lock your BTC and create an equivalent amount of Wrapped BTC (WBTC), which is an ERC20 token compatible with the Ethereum network. The amount of BTC you want to port gets locked in a smart contract, and the equivalent tokens on the destination blockchain network are issued or minted. A wrapped token is a tokenized version of another cryptocurrency. It’s pegged to the value of the asset it represents and typically can be redeemed for it (unwrapped) at any point.
From a user’s perspective, this process takes a few steps. To use the Binance Bridge, for example, you will first select the chain you’d like to bridge from and specify the amount. You will then deposit the crypto to an address generated by Binance Bridge. After the crypto is sent to the address during the time window, Binance Bridge will send you an equivalent amount of wrapped tokens on the other blockchain. If you want to convert your funds back, you simply go through the reverse process.
What types of blockchain bridges are there?
Blockchain bridges can be categorized according to their functions, mechanisms, and levels of centralization.
Custodial vs. non-custodial bridges
One common categorization is to divide blockchain bridges into two kinds: custodial (centralized) and non-custodial (decentralized).
Custodial bridges require users to place their trust in a central entity to properly and safely operate the system. Users should do extensive research to ensure that this entity is trustworthy.
Non-custodial bridges operate in a decentralized manner, relying on smart contracts to manage the crypto locking and minting processes, removing the need to trust a bridge operator. In this case, the system’s security is as good as the underlying code.
Blockchain bridges by functions
Another classification is based on how a blockchain bridge functions. Some examples include wrapped asset bridges and sidechain bridges.
Wrapped asset bridges enable crypto interoperability, for example, porting bitcoins to the Ethereum network via wrapping the BTC to Wrapped BTC (WBTC), an ERC20 token compatible with the Ethereum network. Sidechain bridges connect the parent blockchain to its child sidechain, enabling interoperability between the two. They are needed because the parent and sidechain may have different consensus mechanisms. One example is xDai Bridge, which connects the Ethereum mainnet to Gnosis Chain (formerly xDai blockchain), an Ethereum-based stable payment sidechain. xDai is secured by a set of validators different from those who maintain the Ethereum network. The xDai Bridge allows easy transfer of value between the two chains.
Blockchain bridges by mechanisms
There are one-way (unidirectional) bridges and two-way (bidirectional) bridges. A one-way bridge means users can only bridge assets to one destination blockchain but not back to its native blockchain. Two-way bridges allow asset bridging in both directions.
Benefits of blockchain bridges
The most important benefit of blockchain bridges is the ability to improve interoperability.
They enable the exchange of tokens, assets, and data across different blockchains, whether between layer 1 and layer 2 protocols or various sidechains. For example, WBTC enables bitcoin users to explore the decentralized applications (dapps) and DeFi services of the Ethereum ecosystem. An interoperable blockchain sector is critical to the industry’s future success.
Another advantage of blockchain bridges is to improve scalability. Some blockchain bridges can handle a large number of transactions, improving efficiency. For example, the Ethereum-Polygon Bridge is a decentralized two-way bridge that works as a scaling solution to the Ethereum network. As a result, users can benefit from faster transactions and lower transaction costs.
Risks of blockchain bridges
At the same time, blockchain bridges have some limitations. Attackers have exploited the vulnerabilities of some blockchain bridges’ smart contracts. Massive amounts of crypto have been misappropriated by malicious actors from cross-chain bridges.
Custodial bridges may expose users to custodial risks. The centralized entity behind a custodial bridge could theoretically steal users’ funds. When using custodial bridges, go for established brands with long-term track records.
Another potential technical limitation is transaction rate bottlenecks. A single chain’s throughput capacity bottleneck could hinder large-scale blockchain interoperability.
While a bridge can alleviate congestion on a busy network, moving assets away to another chain doesn’t solve the scalability issue as users won’t always have access to the same suite of dapps and services. For example, some Ethereum dapps are not available on the Polygon Bridge, which limits its scaling efficacy.
Finally, blockchain bridges could expose the underlying protocols to risks related to the disparity in trust. Because blockchain bridges connect different blockchains, the overall security of the interconnected networks is as strong as the weakest link.
What’s the future of blockchain bridges?
The internet is a revolutionary system partly because of its high interoperability. Blockchain bridges are critical to enhancing the blockchain industry’s interoperability and mass adoption. They have enabled some essential innovations, allowing users to exchange assets between many blockchain protocols. Blockchain bridges have grown significantly in the number of bridges, users, and total transaction volume.
The need for blockchain bridges will likely continue to grow as the internet moves toward Web3. Future innovations may provide greater scalability and efficiency to users and developers. There could be innovative solutions to address the security risks associated with bridges. Blockchain bridges are integral to building an interoperable, open, and decentralized blockchain space.
Closing thoughts
The development of the blockchain industry is driven by constant innovations. There are the pioneer protocols like the Bitcoin and Ethereum networks, followed by a myriad of alternative layer 1 and layer 2 blockchains. The number of crypto coins and tokens has grown exponentially.
With separate rules and technologies, they need blockchain bridges to be interconnected. A blockchain ecosystem linked by bridges is more cohesive and interoperable, opening up opportunities for better scalability and efficiency. With numerous attacks on cross-chain bridges, the search for a more secure and robust bridge design continues.
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