NNF: A roller-coaster ride between The Merge and Fed Rate decision!

NNF of the week:

1 Min Markets:

Catch the Coin

BTC Coin Byte:

Blockchain Bytes

Proof of Work — What is it? | History, Pros, and Cons:

History:

Pros:

  • Security of the highest level.
  • Defends against DDoS attacks.
  • True decentralization is achieved.
  • Transparent rewards system.

Cons:

  • Inefficient — 5 to 7 transactions per second.
  • Extensive use of energy and hardware.
  • High environmental impact.

KYCN (Know Your Crypto News)

  • The move will invite more institutions to dabble in cryptos.
  • More adoption from institutions will make crypto less volatile in the future.
  • Microstrategy is providing support to BTC at lower levels. Still, Long-term bullish.
  • However, We need to keep an eye on their holdings and business. Any unseen liquidation on their side will affect BTC’s price negatively.
  • The move will help users and investors on Arbitrum to access NFTs and own it easily.
  • In addition, This will give more liquidity to NFTs on Arbitrium
  • CoinCorner will be focusing on establishing a user-friendly platform where UAE residents can buy, sell, send, receive, and store bitcoin.
  • This will accelerate the adoption of BTC in the UAE
  • The move will fast-track the process of regulatory clarity.
  • Clear regulation will bring more adoption of Crypto that can drive value appreciation of Crypto assets in the future.

BTS Scoop of the week:

Subscribe Here to become a part of our upcoming Crypto Investment Platform Launch.

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