PLUS: crypto's 7 week-streak is over ð March 25, 2024 | [Read Online]( [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20Milk%20Road&body=%F0%9F%A5%9B%202%20crypto%20myths%20debunked%21%20%F0%9F%94%8D%3A%20PLUS%3A%20crypto%27s%207%20week-streak%20is%20over%20%F0%9F%91%80%0A%0Ahttps%3A%2F%2Fthemilkroad.beehiiv.com%2Fp%2F2-crypto-myths-debunked) Todayâs edition is brought to you by [DeepBrain Chain]( â a decentralized high-performance GPU computing network backed by a dynamic community uniting developers, investors, founders, and policymakers who are leading the charge in mainstreaming cryptocurrency. [Visit DeepBrain Chain to learn more!]( GM. This is Milk Road. We spread crypto news like butter on toast â smooth, even, and covering every corner. Hereâs what we got for you today: - 2 crypto myths debunked ð - Graph of the Day: The 7 week-streak is over ð - Solana transactions are failing! Hereâs why⦠ðª
[Prices as of 12:30 PM ET. Click here for our Fear & Greed Index]( 2 CRYPTO MYTHS DEBUNKED ð Cryptoâs a lot like a middle school sleepover - full of rumors, dramatic gasps, and âdid you hears?â This weekend, there were 2 big rumors making rounds: RUMOR #1: The EU is banning anonymous crypto transactions and self-custodial wallets. The European Union passed a new Anti Money Laundering Regulation (AMLR) [proposal]( last week. And if you know anything about government proposals - theyâre super long and boring. This one was 329 pages long (extra boring). So, a lot of people did what youâd expect⦠wait for others to do the reading and give them the âToo-Long;Didnt-Readâ (TLDR) version. The problem? They all stated the EU was banning anonymous crypto transactions and self-custodial wallets - which wasnât true. It was a game of Telephone gone wrongâ¦
[Source: @paddi_hansen]( If you want a detailed breakdown of the new AMLR, check out the thread above ð RUMOR #2: Thereâs an exploit that can steal crypto from your Apple devices. Security researchers recently [discovered]( a vulnerability in Appleâs newest computer chips (dubbed the âM-seriesâ) that could let hackers steal data from Macs and iPads - including private keys to crypto wallets. The news spread like wildfire and caused investors to panic... (I have one friend who hasnât opened their Macbook since. Another one threw their iPad in the ocean). Well, turns out the real-world risks are low. According to [security experts](⦠- To exploit the vulnerability, an attacker would have to fool a user into installing a malicious app (and unsigned Mac apps are blocked by default). - Plus the time taken to carry out the attack is quite significant (ranging from 54 minutes to 10 hours in tests carried out by researchers), so the app would need to be running for a considerable time. The bottom line: Self-custody wallets are not banned. Payments to/from self-custody wallets are not banned. And no, your Macbook isnât going to explode. Be careful what you read out there folks. [DEEPBRAINCHAIN: THE POWER OF NVIDIA, DECENTRALIZED]( Imagine having the processing power of a decentralized NVIDIA at your fingertips. [DeepBrainChain]( (DBC) makes this a reality. DBC is shattering the limitations of traditional AI by creating a decentralized AI ecosystem. Why DeepBrainChain is the Future of AI? - Decentralized Powerhouse: Unlike the centralized model of giants like NVIDIA, DBC distributes processing power across a vast network. This fosters transparency, collaboration, and accessibility. - Game Changer Alert: DBC + [DeepLink]( = ultra-low latency cloud gaming with 3A Game+Depin+RWA features. The result? High-end gaming for everyone. - Own Your Future: DeepBrainChain Coin (DBC Coin) is the key to this revolution. By owning and staking DBC Coin, you contribute to the network's growth and gain access to its powerful GPU resources. Think about the value proposition⦠If a centralized NVIDIA can reach a trillion-dollar valuation, what potential does a decentralized version like DeepBrainChain hold? [Join the Decentralized AI Revolution. Start your trial today and experience the transformative power of DeepBrainChain.]( GRAPH OF THE DAY: THE 7-WEEK STREAK IS OVER ð They say all great things must come to an end⦠MySpace. The Sopranos. Backyard Baseball. Being able to eat whatever you want without gaining weight. Now⦠cryptoâs 7-week streak of inflows has joined the list.Â
[Source: CoinShares]( According to CoinSharesâ [latest report](: - Digital asset investment products saw $942M in outflows last week - a new weekly outflow record. - [BTC]( led the way with $904M in outflows. Other major cryptocurrencies like [ETH]( (-$34.2) and [SOL]( (-$5.6M) also saw minor sell-offs. - Other altcoins saw minor inflows. $DOT, $AVAX, and $LTC saw net inflows totaling +$16M. - The majority of the sell-off (~$2B) came from Grayscaleâs Bitcoin ETF. Most of the other [ETFs]( saw inflows (totaling $1.1B), but it wasnât enough to offset Grayscaleâs garage sale. - CoinSharesâ experts believe last weekâs price correction was due to âhesitancy from investorsâ, which led to lower inflows. Weâll see if inflows can bounce back this week. BITE-SIZED COOKIES FOR THE ROAD ðª [Cryptio, a crypto accounting platform for enterprises covers everything from on-chain activity across major blockchains to centralized exchanges and custodians.]( Itâs straightforward to use, GAAP & IFRS-compliant, and integrates directly with major fiat accounting software providers. See [our review!]( [More than 50% of Solana transactions have failed over the last month](. Most of the failed transactions are from trading bots, while transactions from real users often fail due to slippage. âDL News [A new email phishing campaign is targeting BlockFi and FTX creditors](. So far, $7M+ has been stolen from creditors. (Milk Road Rule #28: If it smells phishy, it probably is!) [Goldman Sachs is seeing a resurgence in interest in crypto-related products from its hedge fund clients](. The investment bank says theyâve also been exploring investing in crypto bankruptcy claims. [ApeCoin DAO signed a multi-year partnership with a Formula One team](. Itâs still confidential which F1 team the partnership is with, but ApeCoin DAO says the team finished in the Top 6 last year. [Kevin Hart sold his Bored Ape Yacht Club NFT](. And he took a smooth 83% LOSS on the investment. MILKY MEMES ð¤£
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