Bitcoin
3 reasons why Bitcoin and BlockDAG Network are expected to be long-term “millionaire makers”
BlockDAG Network
London, United Kingdom, May 30, 2024 (GLOBE NEWSWIRE) — As we delve deeper into the complexities of Bitcoin and the emerging potential of BlockDAG Network, it becomes clear that these technologies can be the key to creating long-term opportunities for wealth generation. Understanding the fundamental principles and mechanisms underlying these systems is essential to understanding their potential as “millionaire creators” in the constantly evolving landscape of digital finance.
Bitcoin, introduced in 2009 by an anonymous entity known as Satoshi Nakamoto, is the first decentralized cryptocurrency. It uses blockchain technology to enable peer-to-peer transactions without the need for intermediaries. Over the years, Bitcoin has grown from a niche digital currency to a mainstream financial asset recognized for its potential to disrupt traditional financial systems.
BlockDAG Network is an emerging cryptocurrency project that leverages Directed Acyclic Graph (DAG) technology. Unlike traditional blockchain architectures, DAG allows for higher transaction throughput and greater scalability. BlockDAG aims to overcome the limitations of conventional blockchains by allowing multiple transactions to be processed simultaneously, offering a more efficient and scalable solution for decentralized applications.
3 reasons why Bitcoin and the BlockDAG network need to be in your wallet
The scarcity of Bitcoin is one of its most attractive features. With a limited supply of 21 million coins, Bitcoin is often compared to precious metals like gold. This finite supply creates a sense of digital scarcity, making Bitcoin an attractive store of value. As demand increases and supply remains constant, the value of Bitcoin is expected to increase, offering significant long-term investment potential.
Compared to traditional assets such as stocks and bonds, Bitcoin offers unique advantages. It operates independently of central banks and governments, providing a hedge against inflation and geopolitical instability. Furthermore, Bitcoin’s performance over the past decade has outpaced many traditional assets, demonstrating its potential to provide substantial returns for long-term investors.
One of the fundamental principles of Bitcoin is its decentralized nature. Unlike centralized financial systems, Bitcoin operates on a distributed network of nodes, making it resistant to censorship and control by any single entity. This decentralization increases security and guarantees the integrity of transactions, contributing to the growing adoption of Bitcoin as a reliable financial asset.
The story continues
BlockDAG Network is based on security benefits of decentralized systems with their unique DAG architecture. This structure allows for simultaneous processing of transactions, reducing bottlenecks and improving network efficiency. BlockDAG also employs robust consensus mechanisms to prevent double spending and other common attacks, ensuring a secure environment for users and developers. This enhanced security framework makes BlockDAG a promising platform for future decentralized applications.
BlockDAG Network technology is particularly suitable for real-world applications that require high throughput and transaction efficiency. Potential use cases include supply chain management, real-time data synchronization, and high-frequency trading. By providing a robust and scalable infrastructure, BlockDAG is well positioned to power the next wave of decentralized applications, creating significant value for its users and investors.
The cryptocurrency space is characterized by rapid technological advancements. Bitcoin continues to evolve with layer 2 solutions like the Lightning Network that aim to improve transaction speed and scalability. Similarly, BlockDAG Network is at the forefront of innovation with its DAG-based approach, offering a scalable alternative to traditional blockchains. These technological advancements are crucial to sustaining growth and attracting broader adoption.
Bitcoin and BlockDAG Network have unique attributes that position them as long-term “millionaire creators”. Bitcoin’s scarcity and established position as a store of value, combined with its decentralized and secure network, make it a solid investment for the future. BlockDAG Network’s innovative DAG technology, along with its potential for real-world applications, offers a compelling alternative to traditional blockchain systems. Together, these cryptocurrencies represent significant opportunities for long-term growth and wealth creation.
As the cryptocurrency landscape continues to evolve, both Bitcoin and the BlockDAG Network are poised to play essential roles. Investors who recognize the potential of these digital assets and adopt a long-term investment perspective could find themselves at the forefront of a financial revolution, reaping substantial rewards in the process.
Read about BlockDAG pre-sale:
Website: https://blockdag.network
Pre sale: https://purchase.blockdag.network
Telegram:https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice or trading advice. It is highly recommended that you practice due diligence, including consulting with a professional financial advisor, before investing or trading cryptocurrencies and securities.
CONTACT: Brown Williams support(at)blockdag.network
Bitcoin
Bitcoin (BTC), Stocks Bleed as China’s Surprise Rate Cut Signals Panic, Treasury Yield Curve Steepens
Risk assets fell on Thursday as China’s second rate cut in a week raised concerns of instability in the world’s second-largest economy.
Bitcoin (BTC)the leading cryptocurrency by market cap, is down nearly 2% since midnight UTC to around $64,000 and ether (ETH) fell more than 5%, dragging the broader altcoin market lower. The CoinDesk 20 Index (CD20), a measure of the broader cryptocurrency market, lost 4.6% in 24 hours.
In equity markets, Germany’s DAX, France’s CAC and the euro zone’s Euro Stoxx 50 all fell more than 1.5%, and futures linked to the tech-heavy Nasdaq 100 were down slightly after the index’s 3% drop on Wednesday, according to the data source. Investing.com.
On Thursday morning, the People’s Bank of China (PBoC) announced a surprise, cut outside the schedule in its one-year medium-term lending rate to 2.3% from 2.5%, injecting 200 billion yuan ($27.5 billion) of liquidity into the market. That is the biggest reduction since 2020.
The movement, together with similar reductions in other lending rates earlier this week shows the urgency among policymakers to sustain growth after their recent third plenary offered little hope of a boost. Data released earlier this month showed China’s economy expanded 4.7% in the second quarter at an annualized pace, much weaker than the 5.1% estimated and slower than the 5.3% in the first quarter.
“Equity futures are flat after yesterday’s bloody session that shook sentiment across asset classes,” Ilan Solot, senior global strategist at Marex Solutions, said in a note shared with CoinDesk. “The PBoC’s decision to cut rates in a surprise move has only added to the sense of panic.” Marex Solutions, a division of global financial platform Marex, specializes in creating and distributing custom derivatives products and issuing structured products tied to cryptocurrencies.
Solot noted the continued “steepening of the US Treasury yield curve” as a threat to risk assets including cryptocurrencies, echoing CoinDesk Reports since the beginning of this month.
The yield curve steepens when the difference between longer-duration and shorter-duration bond yields widens. This month, the spread between 10-year and two-year Treasury yields widened by 20 basis points to -0.12 basis points (bps), mainly due to stickier 10-year yields.
“For me, the biggest concern is the shape of the US yield curve, which continues to steepen. The 2- and 10-year curve is not only -12 bps inverted, compared to -50 bps last month. The recent moves have been led by the rise in back-end [10y] yields and lower-than-expected decline in yields,” Solot said.
That’s a sign that markets expect the Fed to cut rates but see tighter inflation and expansionary fiscal policy as growing risks, Solot said.
Low liquidity, regulatory uncertainty and speculative behavior contribute to inefficiency in crypto markets. But systematic approaches, including momentum indices, can reduce risks for investors, says Gregory Mall, head of investment solutions at AMINA Bank.
Low liquidity, regulatory uncertainty and speculative behavior contribute to inefficiency in crypto markets. But systematic approaches, including momentum indices, can reduce risks for investors, says Gregory Mall, head of investment solutions at AMINA Bank.
Low liquidity, regulatory uncertainty and speculative behavior contribute to inefficiency in crypto markets. But systematic approaches, including momentum indices, can reduce risks for investors, says Gregory Mall, head of investment solutions at AMINA Bank.
July 24, 2024, 5:30 p.m.
Updated July 24, 2024, 5:35 p.m.
(Benjamin Cheng/Unsplash)
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Bitcoin
India to Release Crypto Policy Position by September After Consultations with Stakeholders: Report
“The policy position is how one consults with relevant stakeholders, so it’s to go out in public and say here’s a discussion paper, these are the issues and then stakeholders will give their views,” said Seth, who is the Secretary for Economic Affairs. “A cross-ministerial group is currently looking at a broader policy on cryptocurrencies. We hope to release the discussion paper before September.”
Ether, the second-largest token, fueled a slide in digital assets after a stock rout spread unease across global markets.
Ether fell about 6%, the most in three weeks, and was trading at $3,188 as of 6:45 a.m. Thursday in London. Market leader Bitcoin fell about 3% to $64,260.
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