NEW: ?? Vivek Ramaswamy predicts Kamala Harris will embrace the #Bitcoin and crypto industry
"I think that will be a good thing for the country... It should not be a partisan issue."

*?***Crypto_Ocean

? ETFs are catching up with Satoshi Nakamoto's bitcoin holdings.

And BlackRock's Bitcoin ETF will soon overtake Binance in terms of the number of bitcoins in its account

*?***Crypto_Ocean

Token Standards Backbone of Crypto Ecosystem

Token standards are the foundation of the cryptocurrency ecosystem, ensuring seamless interactions between tokens and applications. These guidelines define how tokens behave on a blockchain, making them interchangeable and compatible with various platforms.

Token standards are crucial for the growth and efficiency of the crypto world, facilitating:

- Interoperability: Tokens work seamlessly across multiple platforms.
- Compatibility: Developers can create tokens that integrate smoothly with various applications.
- Efficiency: Standards streamline the process of token creation and interaction.

A prime example is the ERC-20 standard on Ethereum, which has enabled tokens to be tradable and compatible with decentralized applications (dApps) and exchanges. Imagine a gamer owning a unique NFT on a gaming platform. Thanks to the ERC-721 standard, this NFT can be transferred and used on other platforms, opening up new possibilities and enhancing user experience.

By establishing a common framework, token standards unlock the full potential of cryptocurrency, fostering innovation and widespread adoption. They are the unseen force driving the interoperability and compatibility that makes the crypto ecosystem thrive.

*?***Crypto_Ocean

? In one week, BTC collapsed from $70,000 to $49,000 - this weekly correction was one of the strongest in the last ten years.

Something to tell the kids ?

*?***Crypto_Ocean

Lightning Network: Turbocharging Bitcoin Transactions

The Lightning Network is revolutionizing Bitcoin's scalability, enabling fast and low-cost transactions. By creating off-chain payment channels, users can conduct multiple transactions without overloading the main blockchain. This allows for instant transactions with minimal fees, ideal for microtransactions.

Imagine buying a coffee with Bitcoin without worrying about high fees or long confirmation times. The Lightning Network makes this possible. For instance, if you buy a $2 coffee every day for a week, normally you'd have seven separate transactions with significant fees. With the Lightning Network, you can open a payment channel with the coffee shop, conduct all seven transactions off-chain, and settle the total amount ($14) on the main blockchain in one transaction, with minimal fees.

The Lightning Network significantly enhances Bitcoin's usability, making it a more viable option for everyday transactions. Its scalability and efficiency mark it as a crucial innovation for the future of cryptocurrency adoption.

*?***Crypto_Ocean

The number of new addresses on the Ethereum network has fallen to a December 2023 low

Over the weekend, the seven-day moving average (7DMA) measure of the number of new addresses on the Ethereum network set a new low of December 2023 at 81,914, according to Glassnode.

A similar trend can be seen in the average number of active addresses. On Aug. 2, the index set a new low of January 2024.

In addition, the average daily number of transactions on the network has been falling since the end of July 2024.

*?***Crypto_Ocean

Power of Public Keys in Crypto

Public keys are a cornerstone of the cryptocurrency world, facilitating secure transactions and safeguarding funds. A public key is a unique 64-character alphanumeric address that allows users to receive funds and view their unspent balance, similar to sharing your bank account details to receive money.

Think of your public key like an email address for your cryptocurrency wallet. Just as you share your email address to receive messages, you share your public key to receive crypto funds to your wallet.

Why Public Keys Matter in Crypto:

- Secure Transactions: Public keys ensure that funds are sent to the correct address, reducing the risk of errors or fraud.

- Transparency: Public keys allow anyone to view the unspent balance and transaction history, promoting accountability.

- Accessibility: Public keys make it easy to receive funds from anyone, anywhere in the world.

In essence, public keys are the gateway to cryptocurrency transactions, enabling secure and efficient transfers of funds.

*?***Crypto_Ocean

? Over 41.5% of Mt. Gox Bitcoin distributed as creditors continue to hodl

Despite receiving nearly $4 billion worth of Bitcoin, these creditors are not flooding the market. This cautious approach comes even as Bitcoin's value has surged by over 8,500% since the exchange's collapse.

With the Mt. Gox distribution complete, the current trend shows investors shifting back to "hodling," reflecting a broader trend of long-term commitment in the crypto market. ?

**If you received a payout from Mt. Gox, would you choose to sell or hold onto your Bitcoin?

❤️ - Sell
⚡️ - HODL**

*?***Crypto_Ocean

JUST IN: ?? Russian law makers passes bill allowing businesses to use #Bitcoin and cryptocurrencies in international trade — Reuters

*?***Crypto_Ocean

8️⃣ Best Methods to Make Money with Cryptocurrency.

Before learning how to make money with cryptocurrency, consider the eight methods listed below:

1, Investing in Presales & Top New Coins Early - Get the Best Price
Possible on Favorable Coins such as Meta Masters Guild and Fight Out

2, Staking and Interest - Earn Passive Income on Idle Crypto Coins

3, Play-to-Earn Games - Generate Free Cryptocurrency by Playing NFT Games

4, Yield Farming & Lending - Deposit and Lend Crypto Coins to Earn Interest 

5, Day Trading - Actively Buy and Sell Crypto to Take Advantage of Volatility

6, Long-Term Investing & Holding - Buy and Hold Crypto for Long-Term Gains

7, Airdrops, Giveaways, Faucets - Get Free Crypto Tokens for Completing Tasks

8, Mining - Help Verify Blockchain Transactions Remotely Through Cloud Mining

To make money with crypto, it is best to first have an understanding of how each of the above methods works.

*?***Crypto_Ocean