Sergei Sergienko

26 November 2024 13:54

🤦‍♂ What’s happening with Pump.fun live streams is disturbing and disappointing. A platform that could have been ideal for practicing community-building and other Web3 startup skills has instead become a stage for harmful and senseless acts. The extremes some people go to are unbelievable: animal cruelty, explicit content, threats of self-harm.

Disabling livestreaming was likely the only way to move on. It’s a shame to see blockchain being exploited in such a destructive way.

Sergei Sergienko

25 November 2024 14:53

🇳🇴 Great news from Norway, they’re taking their time with a CBDC rollout. While CBDCs might have some perks over traditional banking, they also open the door to mass financial surveillance and control over payments. So, a cautious approach? Smart move, Norway!

Here’s hoping this sets an example for other countries. Let’s explore what open, public blockchains can bring to the table before diving headfirst into CBDCs.

Sergei Sergienko

25 November 2024 12:54

🔝 BTC price predictions are getting wilder by the day. Now Michael Saylor suggested his version:

“My forecast is $13 million a coin by the year 2045 and what I tell everybody is every Bitcoin you don’t buy today is gonna cost you $13 million in the future.”

Sergei Sergienko

24 November 2024 14:19

📆 It’s the end of another week! I hope you’ve had a good weekend, touched grass, enjoyed some time with family and friends, and rested.

Web3 never stops, but we humans need to. Figuring out a good work/life balance is one of the most important things you’ll need to do if you want to stick around for the long term.

You can bet that the coming week is going to bring more excitement, innovation, and new developments. Just pace yourself!

Sergei Sergienko

23 November 2024 10:53

💰 One of the best things about Web3 is that it’s a great leveler. Remote work is the norm and experts can access opportunities no matter where they live. But companies usually still have geographical headquarters, and salaries can vary a lot by their location!

The US unsurprisingly has the highest Web3 pay. Crypto engineers have an average salary of around $166,000. In Europe, the Middle East, and Africa (EMEA) it’s just over $100,000, and less in some other areas.

It’s generally worth casting your net wide when applying for Web3 jobs. Don’t rely only on opportunities in your own country!

Sergei Sergienko

22 November 2024 16:29

⚠ Be careful with code generated by ChatGPT. One guy used AI to help write a bump bot for pump.fun. Unfortunately, the code ended up linking to a scam Solana API site, resulting in a loss of $2.5k.

Never blindly trust AI-generated code. The user on GitHub, "solanaapisdev," has created multiple repositories over the past 4 months to manipulate AI into producing malicious code designed to steal private keys.

Sergei Sergienko

22 November 2024 13:59

💻 Developing countries aren’t just leading in terms of using crypto. They’re also seeing rapid growth in the number of Web3 developers and businesses.

For 2022, for example, India alone accounted for around 75,000 blockchain professionals, representing 11% of the entire global Web3 talent pool. India’s Web3 workforce is also projected to grow by over 120% in the next two years!

Bear this in mind if you’re hiring a blockchain dev. You’ll likely find they’re much more competitively priced, too.

Sergei Sergienko

22 November 2024 11:39

💸 Another global power has acknowledged the value of BTC. Amid the explosive growth of the leading cryptocurrency, a Chinese court has ruled that owning Bitcoin and cryptocurrency is legal.

Naturally, with the excitement sparked by the incoming US government's statements, China couldn’t stay out of the conversation. There’s no turning back now. We’re on the verge of a new era of decentralization.

Sergei Sergienko

21 November 2024 15:32

🕵️ Another investigation from ZachXBT. Scammers are increasingly using social engineering to manipulate people into revealing sensitive information. This particular fraudster posed as a Coinbase support agent, leading the victim to lose $6.5 million.

Under the alias Ronald Spector, the scammer contacted the victim from a fake number and tricked them into visiting a phishing website. The stolen funds were then moved to multiple platforms.

"Ronald" deleted several of his social media accounts to hide his tracks, but just days after the theft started flaunting his wealth by sharing a screenshot of his Ledger Live on Discord. Despite many scammers leaving the TON ecosystem, Ronald continued to use Telegram actively.

Sadly, the trail goes cold after that, and more than half of the stolen funds remain unaccounted for. This story is a reminder of the risks in the crypto world. ALWAYS double-check messages and never share confidential information unless you’re absolutely certain about the source. Stay alert!

Sergei Sergienko

21 November 2024 12:32

💵 Stablecoins are one of crypto’s killer apps. The ability to hold funds on the blockchain in a stable currency, and send them anywhere in the world in seconds with minimal cost, to anyone you want, offers a fantastic combination of benefits.

Be careful, though, because all stablecoins are not the same. Some, like USDT and USDC, are well established. Others are newer and don’t have a long-term track record, while some are experimental, and may not hold their “peg” to the dollar well at all.

If you’re in doubt, stick to the ones that have been around for years.

Sergei Sergienko

20 November 2024 18:08

📈 Imagine getting a 6% pay rise one day. Your job didn’t change, you don’t work any harder, but suddenly you get 6% more money. That would make a big difference for a lot of people.

It’s hard to get reliable figures, but global remittances to low- and middle-income countries are probably around $700 billion per year. Due to inefficiencies in the methods used, around 6.4% of that – $45 billion – is spent in transfer fees.

The same transactions can be made instantly and for practically zero cost with crypto. There is a huge opportunity here that can make a real difference to people’s lives.

Sergei Sergienko

20 November 2024 15:04

💸 Will Bitcoin become the world's leading currency? While everyone was distracted by meme coins, BTC overtook the British pound (GBP) and is now the fifth-largest currency globally!

Discussions about cryptocurrency dominance are no longer just talk — it's becoming a real challenge to the traditional financial system.

Sergei Sergienko

20 November 2024 12:56

😎 This kid made $30k by launching a token on Pumpfun and starting trading, before dumping it on livestream. The community fought back and sent it to $35 million market cap!

I believe kids should learn about crypto and blockchain. They are the technologies of the future. But I definitely wouldn't trust a kid with my bank account!

Sergei Sergienko

19 November 2024 15:55

⚠ Scammers are hiding everywhere. You might even find convincing phishing sites included in Google's search results.

Always check links carefully, and be wary of ads in the search results. Fraudulent sites often have strange characters or extra letters in their domain names.

Sergei Sergienko

19 November 2024 13:05

💸 Crypto Renaissance and Geopolitics. I highly recommend watching Michael Saylor's recent presentation at the Cantor Fitzgerald conference in Miami. Michael is a legendary OG of the crypto community, and inspired me to dive into this industry.

CZ also shared some intriguing thoughts in the comments: "Soon, there will be a race between countries and uncontrolled money printing to create their own Strategic Bitcoin Reserves."

We are on the brink of a global upheaval for the traditional financial system.

Sergei Sergienko

26 November 2024 12:15

🥱 Let’s be real. Some of the biggest shifts in blockchain can feel a bit... boring. But boring doesn’t mean unimportant.

Regulations, stablecoins, tokenized real-world assets—yep, we’ve been talking about these forever. And now? They’re finally coming to life, even without flashy new tech.

Of course, there’s still plenty of cool stuff happening—AI and blockchain, decentralized confidential computing, and more. But don’t sleep on the low-key changes quietly building the future. They might just be the real game-changers.

Sergei Sergienko

25 November 2024 13:52

🕺 Elon Musk is at it again with his market-shaking tweets. Three months ago, a guy bought some tokens for just $287 and waited... and waited... and waited. Nothing happened for months—until suddenly, BOOM! The price skyrocketed by 120,000% within hours after Mr. Musk tweeted a meme.

Now, our lucky friend is sitting on a cool $196,000 in profit. Not bad for a little patience and some meme magic, huh?

Sergei Sergienko

25 November 2024 11:50

🤟 Wanna hear about a true Bitcoin maximalist? One guy has been stacking $30 worth of BTC every single day for the last 8 years. He’s spent $86,000 in total, and now his stash is worth $1 million.

Faith? Strategy? Or just a fun experiment that paid off big time? As a Bitcoin maxi myself, I gotta say, whatever the reason, I fully support this dedication to the cause.

Sergei Sergienko

23 November 2024 14:05

🔗 Are you on LinkedIn? You don’t have to be there to get a Web3 job, but it’s still a popular platform for networking and doing due diligence.

It’s also a good way of checking out companies that you see are hiring, and connecting with key people who work somewhere you want to work.

There are better places to actually find Web3 jobs though. Start with LaborX, of course!

Sergei Sergienko

22 November 2024 17:22

😎 Privacy and interoperability are two trends I’ve got my eye on in the blockchain space. They’re both necessary for Web3 to succeed and grow beyond a niche. However, they don’t always go together well.

Privacy is a basic right but it’s also necessary for business compliance and protecting users’ data. But interoperability is also vital to allow money and information to move around the blockchain ecosystem – and interoperability requires a degree of transparency.

There are some interesting solutions being developed that manage to tick both boxes. I hope they succeed: it would be truly game-changing to have a version of Web3 that offered both together.

Sergei Sergienko

22 November 2024 15:08

🤦‍♂ Yet another influencer is being accused of scamming their followers. The BBC reports that Logan Paul, known for his outrageous antics, ran a classic "Pump and Dump" scheme by promoting meme coins to his 23-million-strong audience. The most absurd part? When interviewed by the BBC about the crypto fraud allegations, he sent a lookalike in his place.

As for the accusations, in 2021, Logan Paul made $120,000 after shilling the meme coin Elongate. He also promoted the coin Dink Doink and was involved in the CryptoZoo scam.

It's unfortunate that celebrities exploit the trust of their communities. This feels eerily similar to the situation with Mr. Beast, doesn't it?

Sergei Sergienko

22 November 2024 12:36

👀 Things are getting out of hand. An anonymous victim has stolen a dog from a young trader who "rugged" a memecoin for $30k profit. The kidnapper is demanding a refund, an apology, and has launched a new meme coin.

The thief set up an X account for the BARI token, launched on Pump.fun, with the dog’s photo as its mascot. Using this token, the thief plans to return the money to everyone affected by the boy’s actions. Additionally, the thief claims to know the boy’s and his family’s addresses.

It's yet another example of why children shouldn’t be involved in crypto trading...

Sergei Sergienko

21 November 2024 17:27

💳 It should come as no surprise that stablecoins are popular in countries with high inflation. These countries are at the forefront of crypto adoption. They like bitcoin, but they tend to love USD-pegged stablecoins more.

USDT and other stablecoins serve a real and serious use case in countries like Argentina, Turkey and Lebanon, where inflation has recently been anything from 30% to over 200%. In the worst cases, keeping cash for more than a few days can be disastrous. Some people save in stablecoins, and convert funds to their local currency only as they need to spend them.

Sergei Sergienko

21 November 2024 13:49

🥸 "Haste makes waste." This guy had the chance to make 10 million by investing just 1 $SOL. All he needed was a bit of patience.

Instead, he sold everything for just 1.6 $SOL ($349).

Sergei Sergienko

21 November 2024 11:20

💸 Sometimes, getting rich requires doing nothing. One Bitcoin investor decided to cash out his well-earned profit after holding for 12 years!

The 50 BTC he bought for $200 in 2012 are now worth almost $5 million!

Sergei Sergienko

20 November 2024 16:54

✅ A reminder for those who enjoy taking risks and hope to get rich from meme coins: according to Dune Analytics, nearly 90% of traders either lost money or made less than $100 with these assets:

- 60% lost money;
- 4.7% broke even;
- 24% earned less than $100.

A fortunate few did much better:
- 11.2% earned over $100;
- 3% earned over $1,000;
- 0.5% earned over $10,000;
- Those who made more than $10,000 are barely visible on this pie chart.

I'm not entirely against meme coins, but I recommend staying level-headed and resisting temptation. Also, don't forget that the platform Рumр.fun has already made nearly $1 billion in fees.

Sergei Sergienko

20 November 2024 14:03

😲 And this trader turned 2 $SOL into a fortune, making almost a million dollars ($988k) in just 3 hours.

All thanks to a teenager who launched a memecoin. So much for the "lost" Generation Z!

Sergei Sergienko

19 November 2024 16:57

💡 Be careful if you receive an unsolicited job offer. They can often be scams as well.

One of the red flags is a job that pays a lot for doing simple work. Others are being asked to download software, click on a strange-looking link, or move off a platform like LaborX (which has safeguards) and into a Telegram chat.

Always do your due diligence. It only takes a small slip-up to become a victim.

Sergei Sergienko

19 November 2024 14:28

💰 "To be rich and stay rich forever." Saylor doesn't mince words when it comes to Bitcoin. Some view him as a fanatic, but it's hard to deny the profound impact Bitcoin is having on the financial world.

Bitcoin has evolved beyond an investment asset to become a symbol of a new financial era, in which control over wealth has moved from central banks to individuals.

Sergei Sergienko

18 November 2024 16:46

👉 Apps like Time Farm aren’t just about paying people for specific microtasks, like sharing a social media post. They can also be used to “nudge” people into a particular action.

Nudge Theory suggests that in many cases, it doesn’t take much to prompt people to act in a certain way. For example, putting the healthiest snacks at the front of a display, where they’re most visible, is likely to encourage people to choose them more often.

Equally, very small rewards can tip people over the line into doing something they were already considering. Turning out to vote, buying one brand over another, or signing up for a particular crypto service are all examples.