Umix Group, 120 COLLINS Street, Melbourne (2026)

10/07/2023

💰 Bitcoin Ordinals volume hits $210M in Q2 — DappRadar

— The advent of Bitcoin Ordinals inscriptions led to more than $210 million in trading volume in the first half of 2023.

📊 The creation of Bitcoin Ordinals inscriptions on the Bitcoin blockchain has led to over $210 million in trading volume, according to the latest quarterly report from DappRadar.

➡️ The data, which has been independently verified by Cointelegraph, shows that Bitcoin Ordinals’ booming popularity led to a sharp increase in trading volume through the second quarter of 2023.

📈 Bitcoin Ordinal trading volume increased from $7.18 million in the first quarter of the year to $210.7 million by the end of June. DappRadar pins the quarterly increase at 2834%.

➡️ The report also notes that all-time Ordinals trades amounted to over 550,000 in Q2, with some 150,000 unique traders contributing to the inflated trading volume midway through 2023.

➡️ A Dune blockchain analytics dashboard reflecting several Bitcoin Ordinals marketplace metrics from the user, domo, also shows that unique users increased sharply from May 2023. UniSat, an open-source Chrome browser extension for Bitcoin Ordinals and BRC-20 tokens, Magic Eden and Ordinals Wallet account for the majority of unique users by marketplace.

➡️ The popularity of Bitcoin Ordinals has had an interesting effect on the nonfungible token (NFT) landscape. Near the end of May 2023, Bitcoin surpassed Solana to become the second-most popular NFT blockchain, leaving the preeminent cryptocurrency blockchain only behind Ethereum in NFT trading volumes.

07/07/2023

💳 Binance refers users to Coinmerce as exchange exits the Netherlands

— A reported hundreds of thousands of users based in the Netherlands will have the opportunity to move their assets to Coinmerce for free as Binance winds down operations.

💭 Global cryptocurrency exchange Binance has reached an agreement with Coinmerce to refer its users as the firm winds down operations in the Netherlands.

➡️ In a July 6 blog post, Dutch crypto exchange Coinmerce said hundreds of thousands of users based in the Netherlands would be referred from Binance, giving them the chance to transfer their digital assets to the platform for free. Binance announced in June that it would be largely halting its services for Dutch users on July 17, citing a failure to obtain a virtual asset service provider license in the country.

🗣 «We offer these [Binance] users an equivalent platform that complies with all European laws and regulations, ” said Coinmerce co-founder Nick Smits van Oyen. «The transition will be smooth and […] in consultation with Binance we have made the transition for users as easy as possible.»

➡️ In April 2022, the central bank of the Netherlands fined Binance Holdings roughly $3.3 million for offering crypto services without proper registration. At the time, the bank said the exchange had a «very large number of customers in the Netherlands.»

06/07/2023

🔥 AI would pick Bitcoin over centralized crypto — Tether CTO

🤔 Tether’s chief technology officer Paolo Ardoino believes that artificial intelligence would use Bitcoin over more centralized cryptocurrencies like stablecoins.

— If humanity were to merge with artificial intelligence (AI) in the future, Bitcoin could be the currency of choice for sentient machine intelligence, according to Tether’s chief technology officer Paolo Ardoino.

💭 Ardoino delved into this hypothetical reality in conversation with Cointelegraph journalist Joseph Hall in an interview during the Plan B Summer School in Lugano, Switzerland.

— Ardoino believes the decentralized nature of Bitcoin’s protocol makes it the natural choice for AI if it were to adopt a digital currency in the future:

💭 «I think AGI will definitely only choose Bitcoin.»
— AGI, or artificial general intelligence, refers to artificial intelligence that can learn how to complete an intellectual task that humans can perform. The advent of large language learning models like ChatGPT has blown open the potential for AI and AGI to overhaul many industries and fundamentally change how humans carry out a litany of tasks.

05/07/2023

💰 Account abstraction will drive a billion users from Asia to Web3: ConsenSys exec

— In addition to «smart accounts, ” Ethereum adoption will be boosted by Web3 gaming along with zkEVM scaling and security, says Laura Shi.

➡️ Account abstraction, also known as «smart accounts, ” could eventually onboard a billion users from Asia to Web3, according to an executive at Ethereum software solutions provider ConsenSys.

➡️ Laura Shi, the director of strategic initiatives at ConsenSys, told Cointelegraph that the Ethereum and Web3 ecosystem had seen a strong expansion in Asia this year.

🗣 «More DApps are improving [user experience] UX for the Asian market, including introducing Asian language support, ” she said.

— Shi added this expansion is primarily being driven by the introduction of zero knowledge Ethereum Virtual Machine (zkEVM) rollups and the mass adoption of Optimistic rollups.

💭 The two rollups are layer-2 scaling solutions with zkEVM offering developers security, scaling and direct compatibility with Ethereum smart contracts.

💭 Shi believes the development of account abstraction, which offers greater programmable functionality and more «bank-like» features than a regular crypto wallet, would increase adoption in the region.

🗣 «The development of account abstraction will facilitate the onboarding of thebillion-level users in APAC to Web3.»
Account abstraction was proposed by Vitalik Buterin and other developers in EIP-4337 to «completely avoid consensus-layer protocol changes, instead relying on higher-layer infrastructure, ” in September 2021. However, the concept goes much further back in Ethereum’s timeline.

💭 According to the 2022 Chainalysis Global Crypto Adoption Index, the top two crypto-adopting countries in the world were in Asia — Vietnam and the Philippines. Thailand, China and India were in the top 10 despite anti-crypto sentiments from their respective governments.

04/07/2023

📊 Hut 8 relocates 6,400 rigs, sees growth in AI and high-performance computing

💰 Bitcoin mining firm Hut8 continues to relocate miners from its idle North Bay site, with increasing demand for AI and high-power computing.

— Hut 8 Mining is seeing new demand for artificial intelligence (AI) and high-performance computing as it looks to reenergize some 6,400 rigs being moved from its inactive North Bay site in Ontario, Canada.

— As previously reported, Hut 8 is in an ongoing legal battle with its third-party energy supplier Validus Power over alleged failure to meet contractual obligations. Operations at the mining facility have been suspended since November 2022.

➡️ Hut 8 declined to comment on court case proceedings in correspondence with Cointelegraph, but it confirmed that 6,400 miners are being moved to Texas as the company looks to bring its idle equipment back online.

➡️ The firm expects this specific batch of miners to be operational by the end of July 2023, providing 600 petahashes per second of operational capacity, taking Hut 8’s total installed hash rate up to 3.2 exahashes per second.

➡️ A three-month hosting agreement for the 6,400 miners from North Bay has been agreed upon, with Hut 8 planning to renew the arrangement on a month-to-month basis. Hut 8 previously moved 988 miners from North Bay to its Medicine Hat facility in Alberta, Canada, in March 2023.

03/07/2023

📊 Redditor up 25% after boldly taking out $59K worth of personal loans to buy BTC

— So far, the trader has accrued 2.65 BTC at an average price well under the current level of around $30,000.

📊 A Redditor and member of the r/CryptoCurrency community claims to be up 25% or $19,500 after taking out three personal loans worth a combined over the past 18 months.

📈 According to the crudely named r/Vaginosis-Psychosis, they now have a total of 2.65 BTC, which is worth $80,400 at current prices and are betting big on the price of BTC hitting $100,000 by early 2025.

➡️ In a June 30 post on r/CryptoCurrency, the user gave a run down on how they approached the risky method of getting their hands on BTC.

➡️ The first two loans were taken out in February and June of 2022, totaling $15,000 and $20,000 apiece. They had a fixed annual percentage rate (APR) of 6% and 4,9% each, with monthly payments totaling $225 and $326.

💰 The third loan worth $24,000 was taken out in June 2023, with a fixed APR of 8% and monthly payments of $405.

➡️ So far, the Redditor claims to have paid off the $15,000 loan in May, along with chipping down $3,500 on the second loan. From here, they plan to attack the most recent loan, as that has the highest APR.

— Including interest paid, they claim to have accrued BTC at an average price of $24,000 or $22,264 when not including interest paid.

💭 «The way I see it, the US dollar is rapidly declining in value and prestige. Therefore, I will take out loans to buy Bitcoin and pay back said loans with inflated dollars that I earn from my job.»
💭 «I don’t expect Bitcoin to be trading in this range 18 months from now. I expect BTC to be ~$100K per coin by then, so I’ll bite the bull of a short-term high APR for the long-term exponential price appreciation of Bitcoin, ” they added.

30/06/2023

💰 Staked ETH surpasses 23 million in June — Nansen

— Ethereum’s staking ratio continues to rise since the network upgrade in April.

➡️ The volume of Ether staked keeps reaching new heights since the Shapella upgrade in April, crossing 23 million Ether locked in June.

📊 According to data from analytics firm Nansen, a total of 23.3 million Ether was staked as of June 27, amounting to $43.1 billion at the time of writing and representing nearly 20% of the current $220 billion supply of ETH. In comparison, Solana currently has a staking ratio of 70,58%.

➡️ In the Ethereum blockchain network, staking refers to the process of validating transactions. In order to earn validator status and secure the network, users lock in (stake) its native ETH token and earn rewards as a result.

➡️ The Ethereum blockchain completed its Shapella hard fork on April 12, allowing validators to withdraw their staked Ether from the Beacon Chain. In the first week of withdrawals, validators unstaked more than a million ETH. The upgrade has led to ETH stake growth since then.

🗣 «The Shanghai upgrade essentially eliminated this risk by allowing users to stake and unstake at will. As a result of this de-risking, we’re seeing a surge in staked ether — and, as expected, the network is quickly catching up to rival chains such as Solana in terms of percentage of the native token being staked on the network. This is a very healthy sign for Ethereum, » Dave Weisberger, CEO of algorithmic-trading platform CoinRoutes, told Cointelegraph.

➡️ Ether’s staking is also catching the attention of regulators, with its future uncertain in the United States, where the Securities and Exchange Commission (SEC) is tightening rules for crypto firms offering staking services.

💭 In February, crypto exchange Kraken settled with the SEC for $30 million and closed its staking services for U.S. clients. According to the SEC, the service qualified as a securities offer and the exchange should have obtained an appropriate license to operate the service. Most recently, the regulator took action against Coinbase’s staking program, claiming it was offering securities.

➡️ The U.S. is home to the majority of node operators on the Ethereum blockchain, housing 48% of all validators.

30/06/2023

🌐Why not start your investment journey with UMIX GROUP? This post is intended to help you take your first steps.

1️⃣ Registration:
Go to the UMIX website and click on 'registration'. Fill out the form by entering your username, email, phone number, and full name. Choose a strong password that is difficult to guess.

2️⃣ Registration confirmation:
Check your email for registration confirmation. If you haven't received the email, check your spam folder.

3️⃣ Login:
After confirming your account, log in with your credentials.

4️⃣ Choose an investment plan:
UMIX offers various investment plans, each providing a different level of profitability. Choose a plan that best suits your investment needs.

5️⃣ Make a deposit:
After selecting a plan, the next step is to make a deposit. UMIX accepts investments in various forms, including cryptocurrencies.

6️⃣ Track your investments:
After making a deposit, you can track your investments through your personal account on the UMIX platform.

Start your journey into the world of investments with UMIX Limited today! Welcome to the team! 💪🚀

29/06/2023

Secrets to successful swing trading from the Umix Group team 📈

1️⃣ Analyze trends: First and foremost, assess the overall market trend. If the market is rising, look for buying opportunities. If it's falling, look for selling points.

2️⃣ Use technical analysis: Use technical analysis tools such as moving averages and RSI indicators to identify potential entry and exit points for trades.

3️⃣ Don't forget about stop losses: Stop losses help limit potential losses if the market moves against you.

4️⃣ Keep an eye on the news: News can significantly impact markets, so always keep up with the latest events and analyze how they might affect your strategy.

5️⃣ Don't overdo it with leverage: Swing trading can be very profitable, but using high leverage can increase risks.

Remember that successful swing trading requires patience and practice. Don't be afraid to experiment with different strategies and always learn from your mistakes.

Successful trading from the Umix Group team! 💰

29/06/2023

🇬🇪 Tether signs MoU with Georgia to develop Bitcoin P2P infrastructure

— The collaboration intends to bring changes to public administration and the business sector.

💭 Stablecoin issuer Tether has signed a memorandum of understanding (MoU) with the government of Georgia to develop Bitcoin and peer-to-peer (P2P) infrastructure in the country. The strategic collaboration between the Tether and the Georgian government will focus on building key infrastructure for a thriving startup ecosystem in Georgia.

➡️ The collaborative effort aims to attract international attention and investment toward the nascent decentralized space. The partnership aims to foster the growth of P2P technology at a state level and help build financial tools around it. Some of the key areas of development include education on Bitcoin and blockchain technology, building payment infrastructure for merchants, and developing a resilient, open and private P2P communication system.

➡️ Tether said the partnership with the Georgian government would also look at creating and implementing a strong, autonomous financial and communication system. This entails encouraging the adoption of P2P technology-based digital payment and communication systems, as well as improving existing infrastructure to ensure its robustness and dependability in supporting blockchain-based solutions. The collaboration intends to bring changes to public administration and the business sector.

💰 Georgia will create a special fund for local startups to help develop blockchain technologies and position Georgia as a country with an attractive ecosystem for tech startups. Irakli Nadareishvili, Deputy Minister of Economy and Sustainable Development, said the collaborative effort «will contribute to the development of local blockchain technologies in the country, as well as the introduction of companies operating in this sector in Georgia.»

28/06/2023

🔥 Google says its next AI ‘Gemini’ will be more powerful than ChatGPT

— Google DeepMind’s CEO says developers are building on technology from its 2016 AlphaGo model to outfit Gemini to be «more capable» than current large language models.

➡️ The CEO of Google’s artificial intelligence (AI) subsidiary DeepMind said the company’s forthcoming AI system would be «more capable» than OpenAI’s ChatGPT.

➡️ According to a report from Wired, Demis Hassabis, the CEO of DeepMind, says the company’s Gemini AI is a large language model (LLM) that utilizes text similar to ChatGPT’s processes, but will be equipped with new capabilities like planning or problem-solving.

— The system will be based on technology and techniques used in AlphaGo, an early AI system developed by DeepMind in 2016.

💭 «At a high level, you can think of Gemini as combining some of the strengths of AlphaGo-type systems with the amazing language capabilities of the large models.»
He also mentioned that there will be «new innovations, ” which he called «pretty interesting.» Gemini was first unveiled at Google’s I/O developer conference in May, along with a number of other AI products.

💭 Cointelegraph reached out to DeepMind for further comment on the Gemini AI development.

28/06/2023

📣 Attention, Umix Group investors! We know that risk management is a key element of successful investing. That's why our platform includes not only advanced security and asset protection protocols, but also a comprehensive risk management system.

We have theft insurance, portfolio management and tracking systems, as well as market analysis, including technical, fundamental and sentiment analysis. We do everything we can to minimize risks and ensure the stability of your investments.

Remember, our goal is to ensure your financial stability and success in the world of cryptocurrencies. Choose Umix Group - choose reliability!

Umix Group

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