Nissa - CoinDada
幣圈知識學習｜幣圈英文學習
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Trading volume starts to pick up, but Binance market share declines for 4 consecutive months - June 2023 Exchange Market Share Report
long story short
Spot trading volume on centralized exchanges rose 16.4% to $575 billion in June, the first increase in three months.
Binance’s spot trading market share fell for the fourth consecutive month, falling to 41.6% in June. This is the exchange’s lowest market share since August 2022.
Derivatives trading volume on centralized exchanges rose 13.7% to $2.13 trillion in June, the first increase in derivatives trading volume in three months.
Report source
The original text of this report comes from CCData’s Exchange Monthly Review June – the June edition of the exchange monthly report.
Spot trading volume on centralized exchanges rose 16.4% to $575 billion in June, the first increase in three months.
Binance’s spot trading market share fell for the fourth consecutive month, falling to 41.6% in June. This is the exchange’s lowest market share since August 2022.
Derivatives trading volume on centralized exchanges rose 13.7% to $2.13 trillion in June, the first increase in derivatives trading volume in three months.
Report source
The original text of this report comes from CCData’s Exchange Monthly Review June – the June edition of the exchange monthly report.
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Nigerians love virtual currencies the most, Britons love NFTs the least - Global Cryptocurrency Acceptance Survey
long story short
With 92% of global respondents aware of cryptocurrencies, developing countries are optimistic about cryptocurrencies while developed countries are more skeptical.
Nigeria is the most bullish country on cryptocurrency, with most people believing it to be the future of currency, and far ahead of other countries in both blockchain understanding and cryptocurrency ownership.
Developing countries are also more accepting of NFT than developed countries.
Investigate background
On June 27, 2023, ConsenSys and YouGov jointly released a survey report on cryptocurrency and Web3 awareness. The findings reveal differences between developed and developing countries.
With 92% of global respondents aware of cryptocurrencies, developing countries are optimistic about cryptocurrencies while developed countries are more skeptical.
Nigeria is the most bullish country on cryptocurrency, with most people believing it to be the future of currency, and far ahead of other countries in both blockchain understanding and cryptocurrency ownership.
Developing countries are also more accepting of NFT than developed countries.
Investigate background
On June 27, 2023, ConsenSys and YouGov jointly released a survey report on cryptocurrency and Web3 awareness. The findings reveal differences between developed and developing countries.
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Staking - One Blockchain Every Day in English - 230625
Staking means "pledge" in Chinese. Staking is a way to earn rewards while holding a certain cryptocurrency. By staking virtual currency, users can participate in network verification, package transactions and generate new tokens.
The virtual currency that users stake can be rewarded by the blockchain network, which is usually issued in the form of new tokens. In the currency circle, Staking is considered a relatively safe investment method. It can help users obtain more virtual currencies, and it can also support the operation and development of the blockchain network. However, there are also some risks in Staking. For example, market fluctuations may cause the value of mortgage assets to decline, which may also affect the returns obtained by users.
The virtual currency that users stake can be rewarded by the blockchain network, which is usually issued in the form of new tokens. In the currency circle, Staking is considered a relatively safe investment method. It can help users obtain more virtual currencies, and it can also support the operation and development of the blockchain network. However, there are also some risks in Staking. For example, market fluctuations may cause the value of mortgage assets to decline, which may also affect the returns obtained by users.
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Mint - One Blockchain a Day in English - 230624
Mint means "casting" in Chinese. The word Mint often appears in NFT projects.
Mint an NFT means creating a unique token on the blockchain. Only after the NFT is minted will the digital collectible be successfully stored on the blockchain.
Mint an NFT means creating a unique token on the blockchain. Only after the NFT is minted will the digital collectible be successfully stored on the blockchain.
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Rug / Rug Pull - One Blockchain Every Day in English - 230623
In the currency circle, Rug Pull has a similar meaning to "the project side runs away" in Chinese. Rug means that the project party suddenly withdraws investors' funds from the exchange and is no longer responsible for the operation of the project, leaving investors unable to get their funds back. This is called a rug pull. This usually happens in anonymous or untrustworthy projects, so investors must be extra careful.
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Dump - One Blockchain a Day in English - 230622
Corresponding to a pump, a dump refers to a sharp drop in the price of an item. Dumps are often caused by manipulators or investors who hold a large number of projects and suddenly sell large amounts after the price reaches a certain peak. Dumps often cause the price of a project to fall rapidly, and investors should pay close attention to project price fluctuations to avoid being harmed by the dump phenomenon.
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Pump - One Blockchain a Day in English - 230621
Pumping refers to manipulating the market to cause the price of an item to rise rapidly. Pumps are often initiated by some manipulators or community members. They will use the community to spread propaganda information and incite investors' enthusiasm for a certain project, thereby driving up the price of the project. Pumps tend to be short-lived, and prices don't usually increase sustainably. Investors should be wary of the pump phenomenon and avoid being deceived.
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Ape - One Blockchain a Day in English - 230620
Apeing or apeing is when someone blindly buys a virtual currency or NFT after it is released without conducting prior research. To put it simply, it is blind pursuit. This behavior often leads investors to become obsessed with a project, ignore risks, and make high-risk investments. This behavior often results in severe losses after the project's bubble bursts, so investors should approach the Ape phenomenon with caution.
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Shilling - One Blockchain a Day in English - 230619
Shilling refers to an individual or an organization promoting a virtual currency on social media or forums and prompting others to purchase the virtual currency. It has a similar meaning to the "dog push" and "milk xx coins" mentioned in the Chinese community.
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Whale - One Blockchain Every Day in English - 230618
Whale – Whale
Whale literally translates to "whale" in Chinese, but a more appropriate translation is "big household". Each currency has a different definition of a whale. For Bitcoin holders, holding more than 1,000 Bitcoins qualifies them as a whale. There are currently no more than 3,000 such large households.
Whales can be individuals or institutions, such as cryptocurrency exchanges, investment funds, or other large investors. Whales own large amounts of cryptocurrency, and their operations can influence market prices and potentially cause panic selling or buying from other investors.
Whale literally translates to "whale" in Chinese, but a more appropriate translation is "big household". Each currency has a different definition of a whale. For Bitcoin holders, holding more than 1,000 Bitcoins qualifies them as a whale. There are currently no more than 3,000 such large households.
Whales can be individuals or institutions, such as cryptocurrency exchanges, investment funds, or other large investors. Whales own large amounts of cryptocurrency, and their operations can influence market prices and potentially cause panic selling or buying from other investors.
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GEMs - One Blockchain Every Day in English - 230617
Potential Coins – GEMs
GEM literally translates to gems, but in the virtual currency industry, GEMs refer to relatively unknown small-market currencies. They usually have hundreds of times of upside potential, so the Chinese translation is "potential currency". A common combination is 100x GEMs – 100x potential coins.
GEM literally translates to gems, but in the virtual currency industry, GEMs refer to relatively unknown small-market currencies. They usually have hundreds of times of upside potential, so the Chinese translation is "potential currency". A common combination is 100x GEMs – 100x potential coins.
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Altcoin - One Blockchain a Day in English - 230616
Altcoin – Altcoin
The English name for altcoin is Altcoin, abbreviated from Alternative Coin, which literally means “other currencies, alternative currencies”. Altcoin refers to virtual currencies other than Bitcoin, including the well-known ETH and XRP, which actually belong to the broad category of altcoins.
Overseas virtual currency investors generally believe that at the beginning of the bull market, Bitcoin rose sharply, but the increase was only one or two times; then mainstream currencies such as ETH rose, usually by 3-4 times; and finally it was the turn of some If a small altcoin rises, the increase will reach an astonishing hundreds or even thousands of times. This period is called Altcoin season. For example, SHIB, PEPE and other altcoins are all popular altcoins during the Altcoin season.
The English name for altcoin is Altcoin, abbreviated from Alternative Coin, which literally means “other currencies, alternative currencies”. Altcoin refers to virtual currencies other than Bitcoin, including the well-known ETH and XRP, which actually belong to the broad category of altcoins.
Overseas virtual currency investors generally believe that at the beginning of the bull market, Bitcoin rose sharply, but the increase was only one or two times; then mainstream currencies such as ETH rose, usually by 3-4 times; and finally it was the turn of some If a small altcoin rises, the increase will reach an astonishing hundreds or even thousands of times. This period is called Altcoin season. For example, SHIB, PEPE and other altcoins are all popular altcoins during the Altcoin season.
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Explain what blockchain is in one article? Even if you don’t know anything about technology, you can easily understand it.
long story short
Blockchain is an advanced database that utilizes decentralized accounting technology.
The three most important characteristics of blockchain are: decentralization (distributed), anti-tampering (information transparency), and consensus mechanism.
Blockchain technology has been increasingly used in virtual currency, supply chain management, games, music, charity and other fields.
What is blockchain
Simply put, blockchain (Blockchain in English) is an advanced shared database that utilizes decentralized accounting technology. For those who are completely new to blockchain, they need to break down the above definition of blockchain into the following small questions:
Blockchain is an advanced database that utilizes decentralized accounting technology.
The three most important characteristics of blockchain are: decentralization (distributed), anti-tampering (information transparency), and consensus mechanism.
Blockchain technology has been increasingly used in virtual currency, supply chain management, games, music, charity and other fields.
What is blockchain
Simply put, blockchain (Blockchain in English) is an advanced shared database that utilizes decentralized accounting technology. For those who are completely new to blockchain, they need to break down the above definition of blockchain into the following small questions:
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AMA - A Blockchain Daily in English - 230614
AMA
AMA is the abbreviation of "Ask Me Anything", which is translated into Chinese as "Ask Me Anything". AMA is a form of free interaction that is common in blockchain communities, especially virtual currency exchanges and currency project communities. In AMA events, celebrities, project staff, or community members answer questions raised by the community at a specific time.
This kind of event usually takes place online, with Twitter, Telegram, Discord and YouTube being the most common hosting platforms. Anyone can ask questions, and respondents will choose the questions they want to answer. In order to encourage everyone to actively participate, organizers usually provide rewards.
AMA is the abbreviation of "Ask Me Anything", which is translated into Chinese as "Ask Me Anything". AMA is a form of free interaction that is common in blockchain communities, especially virtual currency exchanges and currency project communities. In AMA events, celebrities, project staff, or community members answer questions raised by the community at a specific time.
This kind of event usually takes place online, with Twitter, Telegram, Discord and YouTube being the most common hosting platforms. Anyone can ask questions, and respondents will choose the questions they want to answer. In order to encourage everyone to actively participate, organizers usually provide rewards.
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