Conclusion
Fellow CoinInners, here below are the top 5 best performed coins on CoinInn this week. Are you holding any of these? Feel free to check the details at Weekly Top Mover Themes on CoinInn.
Breaking News
Bullish
- Russia’s energy chief says it would accept Bitcoin for oil and gas
- SEC could approve spot Bitcoin ETFs as early as 2023 — Bloomberg analysts
- Almost half of Germans to invest in crypto: Report
- BTC price almost clears $43.5K with Terra $125M Bitcoin buy-ins gathering pace
- Bitcoin hits 3-week high as fresh impulse move sends BTC price to $43.3K
Bearish
- DOJ cracks down on ‘rug pulls’, charging Frosties NFT project founders
- Bitcoin is ‘not regulated’: Honduras‘ central bank pushes back against legal tender rumors
- Ireland’s central bank follows UK‘s example in warning of crypto advertisements
- RBI seemingly wants to ban cryptocurrencies, but not for the reasons you might think
click to read details
Coininn Academy
What Is the NFT
Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can serve as a medium for commercial transactions.1
What do you need to know about NFT?
NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated.
NFTs can represent real-world items like artwork and real estate.
“Tokenizing” these real-world tangible assets makes buying, selling, and trading them more efficient while reducing the probability of fraud.
NFTs can also function to represent individuals’ identities, property rights, and more.
CoinInn Industry Research
EU vote on Bitcoin mining: What does it mean for the industry?
A win in the European Parliament, but will mining rules have to change? “Eventually, only PoS will be adopted by blockchain applications.”
Proof-of-work (PoW) crypto mining won’t be banned in the European Union — not this year at least. That’s the conclusion from last week’s closely watched committee vote in the European Parliament (EP).
A last-minute amendment presented by an ad hoc coalition of social democrats and Greens would have established a de facto ban on proof-of-work mining — the type of consensus mechanisms used by native cryptocurrencies like Bitcoin (BTC) and Ether (ETH) — has been decisively rejected. The crypto community can breathe easily, but some still worry that the industry’s problem with its energy-intensive consensus protocols remains.
“It is definitely a sign that crypto and distributed ledger technology is no longer a niche bringing together technologists, investors, hobbyists and idealists — it is a technology that is here to stay.”
But, Ellul also believes that the community should not rest easy with last week’s win. Miners who support PoW blockchain projects should be “investigating renewable energy sources,” not only in anticipation of other possible regulatory actions but also to minimize their carbon footprint.
The committee vote was part of the European Union’s ongoing Markets in Cryptocurrency Assets (MiCA) process designed to bring harmonization, clarity and regulation to Europe’s cryptocurrency markets.
News & Tips about CoinInn
News about CoinInn
We are now developing a super amazing tools for our users to interactive and maximize their trading skills & profit, stay tuned for next week, it is something related to CoinInn chatting function, do remember, we will not let you feel left lone in this extremely emerging market.
CoinInn Tips — AtuoBuy
AutoBuy on CoinInn is a financial investment strategy. It refers to investing a fixed amount ( such as 30 EUR) into a designated open-end fund at a fixed time (such as the 8th of each month), rather than the bank’s zero deposit and lump sum withdrawal method.
Weekly Fun fact
- On May 10, 2010, Laszlo Hanyecz spent 10,000 Bitcoin for 2 Papa John’s pizzas in Florida. This was the first recorded Bitcoin payment for goods, and was valued at about $40 at the time. That Bitcoin is now worth over $4 Billion.
- It is well known that there will only be 21 million Bitcoin ever created. However, out of this, an estimated 3.7 million Bitcoin have been lost forever, leaving only 17.3 million Bitcoin that can ever be accessed and sold.
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