Cryptocurrency

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Tech behemoth Samsung and seven traditional brokerages in South Korea plan to launch a crypto exchange in the first half of 2023 under the Korea Financial Investment Association, according to a report by South Korean local newspaper NewsPim, citing anonymous industry sources. ------------------ Want Crypto Updates Daily? Hit that follow button! ⬇️ 🚀 . .

Everyone wants to chase the shiny object and make that fast money. Like when Gamestop was ripping everyone got fomo and bought high and probably got rekt.

Trading like a business > trading like gambling.

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Majority of NFT Collections Reinvest Ethereum Back Into System - Nansen In the first half of 2022, market participants spent ETH 963,227, worth about USD 2.7bn, on non-fungible token (NFT) minting on the Ethereum blockchain, with 50.7% of the raised crypto staying with NFT projects, and the remainder circulated to non-entity wallets, according to a report by blockchain data and analytics platform Nansen. At the same time, the volume of the raised ETH circulating to non-entity wallets decreased from the 52.3% reported 11 months ago to 45.7%. Cumulatively, Nansen said, the top five NFT collections that raised ETH through minting accumulated some ETH 81,364. This was an estimated 10.3% of the total ETH raised by all projects in the analyzed period. Along with the growth in the number of unique wallets which took part in the minting activity, Nansen says it has also witnessed a slight expansion in average mints per wallet during this period, at 3.65 mints per wallet. This is up from the previously reported average of 3.16 mints. “In the studied period, a total of 28,986 NFT collections were deployed. In total, these projects collectively raised 833,641 ETH. Interestingly, slightly more than half of these collections were free mint projects” at 51.6%, the firm said. The median amount raised by projects was ETH 1.43, and the average was ETH 59.4, according to Nansen. We “maintain our conclusion that the minting sector of the NFT market remains healthy with the rise in average mints per unique wallet address,” said Louisa Choe, Research Analyst at Nansen, as quoted in a statement. Choe added that “on-chain evidence of NFT collections reinvesting primary sales revenue into NFT demonstrates that builders and creators within this marketplace are looking at the long term impact of their projects and making decisions that will support that growth.

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Huobi gets green light as exchange provider in Australia Crypto exchange Huobi can begin offering cryptocurrency exchange services in Australia after its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) on Aug. 1. This means Huobi can now offer fiat to cryptocurrency trading services in the country. The exchange continues to look at broadening its horizons and is also eyeing a move into the American market. Huobi formed an American subsidiary, HBIT, in July 2022. It has received a Money Services Business license, with the company hoping to launch exchange services in the future. Huobi also scored licenses in New Zealand and the United Arab Emirates in June 2022. Dubai's Virtual Assets Regulatory Authority (VARA) granted the exchange provisional approval to begin offering its services in the country. Huobi's local entity will offer a full suite of cryptocurrency exchange products and services, which will operate under a test-adapt-scale model as part of the process of becoming licensed. The company had its struggles in Thailand during the same month, eventually shuttering after failing to comply with Thai Securities and Exchange Commission regulations. Huobi was forced to relocate to Gibraltar in late 2021 following the latest Chinese crackdown on cryptocurrency use in the country. The British Overseas Territory has become an attractive location for cryptocurrency businesses and service providers.

Bitcoin is the standard

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Good morning guys
Let try again it's f**king Monday

💁🏻‍♀️ Mental capital is just as important as trading capital. You must protect your mindset, or else you will be trading your capital with a damaged psyche and making decisions with a skewed perspective. 👉“Keep Hunting for more Knowledge🧠 “ view all comments

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