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Bitcoin soars high at $52,000 but what's your favourite altcoin? 

Crypto Jargon hits the 3-year mark! 🎉 

It's been three years since I uploaded my first crypto video. Time has flown by (well, except for the mysterious time-slowdown of 2022 🙃) 

We came 41st in the last competitive league Silver on DyDx, and our trading return in under $9000 league was 42.98% for the week!

We used under 2x leverage on all our trades and traded mostly blue chips 

Catch me on zee news, we discuss importance and state of crypto regulations, responsible investing and many things more! 

Giving away 2 hardware wallets!

Safepal X1 and Tangem Wallet are available for grabs just follow these steps:
📷Sign up to Bybit : 
 https://partner.bybit.com/b/jargon  
📷Submit your UID Here:  https://forms.gle/N1xMmTqZwTbc5rdu8 

Diving deep into The Great Bitcoin Whitepaper 📝

Are you familiar with Satoshi Nakamoto's groundbre­aking 2008 whitepaper that initiated it all? 

In this informative­ 5-slide carousel guide, we­ aim to delve into the core­ concepts that continue to shape the­ crypto landscape, providing a comprehensive­ overview.

It is truly fascinating to explore­ the origins of this revolution, from identifying the­ issue of centralized trust to introducing innovative­ solutions such as peer-to-pee­r networks, proof-of-work, and blockchain.

 We can dive­ even dee­per by examining concepts like­ digital signatures, limited 21M supply, and permissionle­ss innovation.


Whethe­r you have thoroughly read the white­paper or are encounte­ring it for the first time, we hope­ this condensed overvie­w will offer valuable insights. Make sure­ to explore the comple­te carousel for concise e­xplanations of its crucial concepts. 

⚠️ MAJOR HACK ALERT ⚠️ 

Ethereum co-founder Vitalik Buterin's Twitter was compromised today in a SIM swap attack. The hacker used Vitalik's account to spread a phishing link, transfering  over $600k+ in ETH & tokens to their wallet. 

Luckily the crypto community sprang into action and twitter user @peckshield spotted the fraudulent tweets and they were swiftly removed. But the hack exposed vulnerabilities with current SIM security practices. 

This attack should come as a alert to everyone in the space, never trust any links posted and always keep your main account secure and disconnected. And always use Burner Wallet. 

In a surprising move, Fitch has Downgraded US Credit Rating!🔻

US went from AAA to AA+ but how will it affect the market let's take a look.🧐

A credit rating of AAA means the US is trustworthy with its money but a lower grade of AA+ signals trouble as experts raises concerns about whether the US can pay its credit bills or not in the future. It will have a widespread impact in many sectors of the financial markets:

🔸Bond Yields and Interest Rates:

Bonds in simple terms are loans that the government takes, whoever buys government bonds gets paid back the principal amount + some interest for the trouble. With a lower credit rating, US' ability to pay these bonds back comes into question which may shake the buyer's confidence and they may demand a higher interest rate for the added trouble as the demand for bonds might decrease. This higher interest rate will in turn affect the overall interest rates of home loans, business loans etc leading to a money crunch in the markets.

🔸Stock Markets:

A fall in US credit rating may cause worry in the strength of the US economy and can reduce investor confidence in the market, companies might not do as well, and this can lead to a sell-off in the market. This also affects foreign investments as people will be more cautious before investing in the US markets.

🔸Crypto Markets:

Although it's not clear how it will effect the crypto market there are two things to watch out for, as the US stock market falls the crypto market might suffer with it as they are generally coupled in the short term but a question on US' stability will also directly impact the strength of the US dollar and DXY might show some weakness which has historically been good for Bitcoin.

The credit rating downgrade is a big blow to the US but as governments do there is a good chance a press conference will explain it and we will return back to the equilibrium. It remains to be seen what will be the ramifications of this. 

SEC Files Charges Against Binance Entities and Founder CZ! 🛑

Here's everything you need to know👇👇

-The SEC has charged Binance Holdings Ltd., BAM Trading Services Inc., and Changpeng Zhao with multiple securities law violations. 

Charges include :

🔸Operating unregistered exchanges
🔸Broker-dealers
🔸Clearing agencies
🔸Misrepresenting trading controls and oversight on the Binance US platform


-The SEC alleges that despite claiming restrictions, Binance secretly allowed high-value U.S. customers to trade on Binance International.

-Binance and Zhao are accused of controlling Binance US operations behind the scenes
Despite claiming it to be a separate platform for U.S. investors.

-The SEC also claims that Binance and Zhao had control over customer assets, allowing them to commingle and divert assets, including to a company owned by Zhao called Sigma Chain.

-Binance and BAM Trading are charged with operating unregistered national securities exchanges, broker-dealers, and clearing agencies, earning billions in revenue.

-The SEC charges Binance for the unregistered offer and sale of its own crypto assets, including BNB and BUSD, as well as crypto-lending products and a staking program.

What FTX did basically!

🔸Zhao is accused of being a control person for Binance and BAM Trading

🔸Responsible for the operation of unregistered exchanges, broker-dealers, and clearing agencies

🛑SEC Chair Gary Gensler warns investors to be cautious and not invest in these unlawful platforms, highlighting extensive deception, conflicts of interest, and lack of transparency.

The charges aim to hold Binance, Zhao, and their entities accountable for their actions and protect investors from the risks associated with these platforms.

Binance intends to fight this with full cooperation! 

Bitcoin approaching critical resistance, a good break can pump the market additional 10%