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‼️ Coincheck Aims for Nasdaq: Crypto Exchange Takes SPAC Route ✔️ Coincheck, the Japanese exchange, is making waves in the crypto world with its plans to go public on Nasdaq. The exchange, known for its strong security measures, announced its intentions on May 8 and hopes to merge with Thunder Bridge Capital Partners IV (THCP) by Q3 2024. 🟥 Before popping the champagne, Coincheck needs to check off a few boxes. This includes getting the nod from Thunder Bridge IV's stockholders and meeting the standard requirements set by SEC and Nasdaq. It's all part of the game when it comes to mergers and listings. 🌍 If all goes well, Coincheck will become a subsidiary of Coincheck Group N.V., based in the Netherlands. The new entity will then join the ranks of publicly traded exchanges like Coinbase, bringing more visibility to the world of digital assets. 💼 Unlike Coinbase's IPO path, Coincheck is taking a detour via a SPAC. This special purpose acquisition company approach has had mixed results lately, with some high-profile cases ending in bankruptcy. But Coincheck is betting on a different outcome. 📈 While there may be concerns about SPACs, Coincheck's Nasdaq listing is a significant step towards wider acceptance of cryptocurrencies. As traditional stock markets embrace digital assets, institutional investors might take notice, leading to increased adoption and investment in the space. 🌐 One thing is clear: the crypto revolution is gaining momentum. With companies like MicroStrategy leading the way as major Bitcoin holders, it's an exciting time for both investors and enthusiasts alike. Learn Crypto✅️

What is Slippage? If you have traded on any decentralized exchange (DEX), you must be familiar with the term “slippage”. Slippage is a term used to describe the phenomenon when the price you expect to pay for a coin changes between the time you decide to make the trade and the time the trade is actually executed,often occurs during market volatility or large orders. ■ To minimize slippage, consider this: -Avoid trading in highly volatile markets. -Utilize limit orders to set price boundaries. -Choose exchanges with high liquidity. -Break up large orders into smaller ones to minimize the impact. By implementing these strategies, you can mitigate the impact of slippage on your trades and navigate the crypto market more effectively. Learn Crypto✅️

How to Grow Your Portfolio Without Chasing 100x Returns: Lately, the crypto market has been abuzz with talk of “finding the next 100x memecoins.” But before you join this frenzy, it is essential to take a step back and consider a more pragmatic strategy. While it's not impossible to find the next 100x coin, focusing solely on that could be a financial disaster. It is like searching for a needle in a haystack. Sometimes you might get lucky, but more often than not, you may end up losing your money. What you should do instead is focus on creating a more diversified portfolio with high-quality assets that have strong fundamentals — Invest responsibly by DYOR and always diversifying your investments. With over 13,000 cryptocurrencies, your chances of stumbling upon the next “100x hidden gem” are slim to none. Instead, build a solid foundation by heading over to our website and gradually learning about this for free. Learn Crypto✅️

Grayscale's Bitcoin Trust (GBTC) Sees Positive Turn with First Inflow Since January. Exciting news for Bitcoin investors, as Grayscale's Bitcoin Trust (GBTC), the leading Bitcoin ETF, has finally seen a positive turn after a challenging start to the year. Despite facing significant outflows since January, GBTC experienced its first daily increase in new investments after 77 days. The trend of investors withdrawing funds from GBTC, largely due to its high fees, had been concerning. However, there's a silver lining: Friday marked a significant milestone as GBTC witnessed a net inflow of millions of dollars from investors, breaking the streak of withdrawals. Learn Crypto✅️

Crypto Scams on the Decline! Despite the recent $33 million ZKasino fraud, April saw a significant drop in crypto losses due to scams and hacks, with only $25.7 million lost. This marks the lowest monthly figure since 2021, according to CertiK.The decline is largely attributed to fewer private key compromises, with only three attacks in April compared to 11 in March. While crypto scams remain a concern, this downward trend signals a more secure future in the crypto space. Learn Crypto✅️

Crypto Scam: Fake Telegram channels of well-known exchanges or projects Telegram continues to gain popularity among crypto enthusiasts, so we want to warn you about one rather dangerous fraud scheme. Attackers can convincingly reproduce the Telegram channel of a well-known exchange. They copy posts, maintain the channel for a long time, and even gain a similar number of subscribers as the official channel. After that, they start mailing to real subscribers with any kind of scam from drawing cash prizes to entering a seed phrase for crypto wallets. Be careful and always check whether you are in contact with the official account of an exchange or a fake one. (Remember official channels never DM you first!) Learn Crypto✅️

Where do crypto prices come from? Most nocoiners and newcomers to the world of cryptocurrencies are consumed by a common fear: "What if the coin I bought crashes tomorrow? Why does it even have a price?" Due to a lack of understanding about how the price of a cryptocurrency is determined, many people assume that the entire crypto market is just a "casino," where coin prices are seemingly just "made up" and not subject to analysis. But that's not the case! The price of cryptocurrencies, like any other commodity/asset/service, depends on the market forces of supply and demand. In our article "Where do crypto prices come from?" we explain exactly how the price of coins is formed and the role that cryptocurrency exchanges play in this. We highly recommend checking out the article for a better understanding of the market! Learn Crypto✅️

Changpeng “CZ” Zhao has been sentenced to 4 months in prison. The founder and former CEO of Binance, CZ, will spend four months in prison. The prosecution demanded three years in prison, while the defense insisted on a suspended sentence. We won’t go into detail about this high-profile trial (you can read about it on the internet), but we’ll note that the former Binance leader became the richest prisoner in U.S. history. Learn Crypto✅️

Before you speak THINK: T ➡️ is it true? H ➡️ is it helpful? I ➡️ is it inspiring? N ➡️ is it necessary? K ➡️ is it kind? Learn Crypto✅️

🛸 Conspiracy: Bitcoin was created by US authorities Today, let’s dive into a theory that is popular among crypto enthusiasts. So, why do people believe that Bitcoin was created by the United States National Security Agency (NSA)? 👽 Bitcoin’s launch surprisingly coincided with the global financial crisis when people were desperate for new tools to save. 👽 The name of Bitcoin’s creator, Satoshi Nakamoto, is a reference to the NSA. You be the judge: (N)akamoto Sa(SA)toshi. 👽 Proponents of the theory believe that the clue to the origin of the cryptocurrency is in the IP address of the first transactions, information about which is preserved in the history of the network’s operations. We are talking about the IP address 64.202.167.192, which presumably belongs to the data center of the U.S. NSA. Note that this theory is believed by many reputable individuals in the crypto world—so never take off your tinfoil hats 😎 Learn Crypto✅️

The famous notepad with “Buy Bitcoin” written on it is being auctioned off for 2.1 BTC ($140,000). In 2017, when BTC was trading at $2,300, Christian Langalis appeared at Janet Yellen’s speech in front of Congress, during which the intern held his notepad for a few seconds in front of the cameras, which was broadcast live, before he was promptly escorted out of hearing. Learn Crypto✅️

Interesting statistics: Changes in the crypto market in 4 years. In 2020, about 100 million people owned crypto, but by the beginning of 2024, that number had ballooned to 580 million. Today, 2.7% of the world’s population—219 million people—hold Bitcoin. Since 2008, that figure has increased by 208%, from 71 million. China used to account for almost 80% of the BTC hash rate, but now the United States, Canada, Russia and Kazakhstan hold the lion’s share. Learn Crypto✅️

Struggling is an important phase of our lives. We need to face struggle to improve ourselves and learn from it. Without it, it’s just an illusion of a comfort zone. Learn Crypto✅️

What are Soulbound tokens? Today, we’re going to talk about a unique type of NFT, the Soulbound token (SBT), which is issued only once and is permanently bound to a single blockchain address. An SBT token cannot be transferred or sent to another blockchain address, and only the owner of the address has access to it. The non-transferable token is a prime representative of Web3 technologies. Although there are few real-world examples of SBT use cases, it could theoretically become a popular means for its owner to verify identity and other data. For now, we can muse about its potential use cases: SBTs can be used as name certificates, passports, diplomas, ownership confirmation, various types of identity verification, and even for credit (for example, your entire credit history can be stored in a single SBT that will never leave your address). Learn Crypto✅️

Where to store large amounts of crypto If you have accumulated a significant amount of cryptocurrencies (congratulations), you should strongly consider storing your coins in a hardware wallet. However, sometimes, there is a problem: There are coins that are not supported by any existing cold storage. At the same time, storing coins on an exchange, as you know, is not recommended. So, what should you do in such a situation? If the amount is substantial and you don’t want to store it in a regular software non-custodial wallet on your PC or smartphone, do this: Get a separate laptop exclusively for storing coins. Don’t use it for surfing the internet at all—just install the necessary blockchain wallets and open it strictly when you need to make a transaction with coins. Thus, in a sense, your computer is a “semi-cold” vault. Yes, a regular hardware wallet is still safer (since it is never connected to the internet), but the solution we have proposed is the best one to offer in a situation where you can’t get a large amount of coins into Ledger, Trezor, SafePal, and other cold devices. Learn Crypto✅️

Wrapped Tokens It’s hard to picture a digital asset wrapped in something, right? But wrapped tokens are cryptocurrencies transferred from their native blockchains to another network. Let’s say you want to trade Bitcoin on the Uniswap decentralized exchange. There’s one problem, though: BTC is only available on the Bitcoin network, and Uniswap operates on Ethereum. So, how do you get Bitcoin to the Ethereum network? You use a cross-chain bridge that transfers BTC to the Ethereum network, where your BTC will be represented as Wrapped Bitcoin, or wBTC. Having wrapped your BTC, you can now trade or swap wBTC on any Ethereum-based DEX, and its value will always be the same as BTC. Meanwhile, once you finish trading or swapping, you can also convert your wBTC back to BTC. Wrapped tokens have been a boon for the crypto industry by bridging the gap between many prominent blockchains and creating new opportunities for traders and investors.🚀 Learn Crypto✅️

Is it possible to hack a blockchain? 51% attack. Although hacking big-name blockchains is almost impossible, it’s theoretically possible. Today, we’ll explain one of those attack vectors for a proof-of-work (PoW) blockchain: a “51% attack.” The goal: Control 51% of the network’s computing power. If hackers gain control of 51% or more of the network’s computing power, they’ll be able to manipulate the blockchain at will: — They can prevent all other miners from discovering new blocks, effectively keeping the block rewards for themselves. — They can “double-spend” coins to steal from service providers, exchanges, and traders. — They prevent transactions and blocks from being confirmed. — During the attack, they collect all the block rewards and transaction fees. How much energy would it take to launch a 51% attack? If we use the Bitcoin network as our case study, it would require an astronomical amount of computing power =) Hackers would either have to steal 51% of the computing power from all miners (worldwide, by the way) or buy enough mining rigs and hardware to increase their share of the computing power closer to 51%, which would cost billions of dollars. As mentioned above, taking over popular PoW networks like Bitcoin is practically impossible. The cost of buying the necessary equipment and paying the electricity bills would be so expensive—in the billions of dollars—that mathematicians have even made the calculations and concluded that the costs would greatly outweigh the benefits (or profits). However, a 51% attack is more likely on newer and less popular blockchains; the fewer miners there are on the blockchain, the higher the chance the network can suffer a 51% attack. Learn Crypto✅️

Crypto speak: Boomer “Boomer” is a name for the Baby Boomer generation in the United States (born between 1943 and 1962). In a broad sense, using the term “boomer” in a crypto context means something or someone is outdated. Since the crypto space is developing at breakneck speeds, sometimes even relatively new concepts can be called boomers. For example, Bitcoin is sometimes derisively called Boomercoin (especially during corrections). Boomer mentions are often accompanied by memes. Learn Crypto✅️

An Indian resident created a fake Coinbase website and “earned” $9.5 million. A 30-year-old Indian man and his accomplices created a fake website for the U.S. cryptocurrency exchange Coinbase (Nasdaq: COIN) in 2021. Between June 2021 and the end of 2023, the site was used by at least 542 people who tried to deposit over $9.5 million on the exchange, but the funds went into the attackers’ pockets. It was possible to find him thanks to the fact that he used an e-mail with his real name to communicate with his accomplices =) He used the same e-mail address to obtain a tourist visa to the US to meet his relatives. The man managed to buy Porsches and Lambos and travel the world, but now he faces a prison sentence of at least 20 years. Let this be a lesson when using cryptocurrency services: Pay attention to the URL in the address bar. Learn Crypto✅️

After the halving, transaction fees on the Bitcoin network have skyrocketed. A typical BTC transfer will cost $70–$90 and, in some cases, more than $100😱 The reason for the sharp increase is the commissions of the Bitcoin-based Runes protocol, which allows for minting tokens on top of the main network. Learn Crypto✅️