Binance offers several ways to earn money, but getting "rich" is not guaranteed and involves significant risks. Here are some of the most common methods: Active Earning: * Trading: This involves buying and selling cryptocurrencies to profit from price fluctuations. It requires knowledge, experience, and risk management skills. * Leveraged Trading: Using leverage can amplify profits, but also losses. It's highly risky and not recommended for beginners. * Futures Trading: Similar to leveraged t
With SpaceX being run by Elon Musk, a fan of meme coin DOGE, it comes as no surprise that the firm uses stablecoins. Elon Musk’s Tesla invested heavily in Bitcoin—an investment that has clearly paid off with the investment value crossing the $1 billion mark last month as the price of Bitcoin (BTC) started surging after Donald Trump’s election victory.
Since taking over Twitter and rebranding the social media platform to X, Musk has enabled X users to send Bitcoin and other cryptocurrencies as ‘tips’ to other users. There has also been widespread speculation about crypto’s role in X’s upcoming payments feature.
The outlook for Bitcoin (BTC) is currently mixed, with both bullish and bearish factors at play. Bullish Factors: * Bitcoin Spot ETFs: The recent launch of Bitcoin Spot ETFs in the US has increased institutional interest and accessibility, potentially driving further price appreciation. * Halving Event: The upcoming halving event in 2024, which reduces the rate of new Bitcoin creation, could further tighten supply and increase demand. * Favorable Regulatory Environment: The election of Donald Trump, known for his crypto-friendly stance, could lead to more favorable regulations for the crypto industry. Bearish Factors: * Federal Reserve's Rate Hikes: The ongoing interest rate hikes by the Federal Reserve could dampen investor appetite for riskier assets like Bitcoin. * Geopolitical Uncertainty: Global economic and geopolitical uncertainties could negatively impact investor sentiment and lead to a sell-off in cryptocurrencies. * Competition from Other Cryptocurrencies: The emergence of new and innovative cryptocurrencies could divert investor attention and capital away from Bitcoin. Price Predictions: The price of Bitcoin is highly volatile and subject to rapid fluctuations. However, several analysts and experts have made bullish predictions for 2025, with some projecting prices exceeding $200,000. Overall: The outlook for Bitcoin in 2025 and beyond is uncertain. While the bullish factors could lead to significant price appreciation, the bearish factors could also weigh on the market. Investors should carefully consider the risks and rewards before investing in Bitcoin. Disclaimer: This information is for general knowledge and informational purposes only, and does not constitute financial, investment, or other professional advice.
A market pullback refers to a temporary * Temporary: Pullbacks are typically short-term corrections within a larger uptrend. * Normal: They are a natural part of market cycles and not necessarily a cause for concern. * Can be an opportunity: Pullbacks can create buying opportunities for investors who believe in the long-term prospects of the market. How to identify a market pullback: * Price action: A decline in price from a recent high. * Volume: Increased trading volume during the decline. * Technical indicators: Certain technical indicators, such as moving averages or relative strength index (RSI), may signal a potential pullback. What to do during a market pullback: * Stay calm: Avoid panic selling. * Review your investment strategy: Re-evaluate your risk tolerance and investment goals. * Consider buying opportunities: If you believe in the long-term prospects of the market, a pullback can be a good time to buy at lower prices. * Diversify your portfolio: Diversification can help to reduce risk during market fluctuations. Remember: It's important to consult with a financial advisor before making any investment decisions.
30% drop would see Bitcoin go as low as $75,000, and a similar run from there would mean a final all-time high for this cycle of around $225,000 in October 2025. History is rarely repeated, but it often rhymes. $BTC
The president-elect and the world’s richest man combined Wednesday to smash a short-term spending compromise orchestrated by Republican House Speaker Mike Johnson to keep the government open until early in Trump’s new term.
The stop-gap measure is packed with nearly $100 billion in aid for Americans hit by multiple national disasters, economic aid for farmers, a federal commitment to rebuild Baltimore’s Francis Scott Key Bridge and a criminalization of revenge porn.
But the Trump-Musk blocking maneuver plunged the capital into one of its classic year-end crises, pitched Johnson’s hopes of keeping his job into extreme doubt and offered a preview of the chaos that may churn in Trump’s second term.
El Salvador, which is looking to unlock $3.5 billion from the International Monetary Fund, has agreed to some bitcoin (BTC) concessions to get the money.
The nation will have to wind down or sell its Chivo crypto wallet, make bitcoin acceptance voluntary in the private sector and make taxes payable only in U.S. dollars.
Chivo failed to take off on a national level despite offering $30 for Salvadorans to sign up.
Amazon founder and Washington Post owner Jeff Bezos has become the latest billionaire to meet Donald Trump at his Florida resort.
He was seen entering Mar-a-Lago on Wednesday night on his way to dinner with the president-elect, in video posted on social media.
US media reported that Elon Musk joined the pair. Mr Musk later tweeted "it was a great conversation".
Mr Bezos has pledged $1m (£780,000) to Trump's inauguration fund, one of a number of donations pledged by tech bosses.
Mr Bezos has large business interests with the US government through several of his companies, including Amazon's cloud computing division and Blue Origin, his space exploration company.
If you've been watching bitcoin, you probably noticed the pullback yesterday. It dropped from $108,000 to $99,000 after the FOMC meeting, where the Fed cut rates, and Jerome Powell, the Fed Chair, when asked about the Strategic Bitcoin Reserve, said: "We're not allowed to own bitcoin and not looking for a law change.". The market, as usual, overreacted by dumping bitcoin. But let me tell you: This dip? It's nothing to worry about.
North Korean groups have stolen $1.34bn through cryptocurrency hacks this year, their highest level of such thefts on record, underlining the importance of this revenue stream for Pyongyang. The total value of the thefts by North Korean-affiliated groups, across 47 incidents in 2024, is more than double the amount they took last year, according to data from Chainalysis, a blockchain research group. It means the country now accounts for two-thirds of cryptocurrency hacks globally.
* BTC/ETH: Bitcoin against Ethereum * BTC/USDT: Bitcoin against Tether (a stablecoin pegged to the US Dollar) * BTC/BNB: Bitcoin against Binance Coin (the native cryptocurrency of the Binance exchange) These pairs allow traders to diversify their portfolios and potentially profit from price fluctuations between different cryptocurrencies.
The Hong Kong Securities and Futures Commission said it had granted licences to Accumulus GBA Technology (Hongkong) Co., DFX Labs Company, Hong Kong Digital Asset EX, and Thousand Whales Technology (BVI).
This brings the total licensed virtual asset trading platforms in the city to seven. Hong Kong previously approved three trading platforms - HashKey, OSL and HKVAX.
( BTC ) lost the $100,000 threshold after registering a 6.4% drawdown in the past 24 hours, priced at $97,000 as of press time.
Bitcoin fell to a low of $96,233 before attempting a recovery.As a result, crypto derivatives registered nearly $1.2 billion in liquidations over the period, based on CoinGlass data .
Sharper corrections among major altcoins followed BTC’s slump, as the total crypto market cap fell 9% in the same period to $3.63 trillion.
Against this backdrop, the leading exchange has committed to delisting trading pairs for Kaon’s powering token, AKRO (formerly Akropolis), Bluezelle (BLZ), and WazirX (WRX). Specifically, the exchange will remove and automatically terminate orders for the following trading pairs:
AKRO/USDT
BLZ/BTC,
BLZ/USDT, and
WRX/USDT
Further, Binance articulated that the tokens’ valuation will no longer be displayed in users’ wallets after delisting. Deposits of these tokens will not be credited to user accounts 24 hours after the official delisting. Users have only until February 25, 2025, at 03:00 UTC, to withdraw the affected tokens from Binance.
On Thursday afternoon, Republicans unveiled a new proposal that suspended the debt limit for the first two years of Trump's second term, funded the government until March and included some disaster relief and other measures included in the original funding package.
But Musk's involvement may not land well with some legislators. Democrats in the chamber joked about "President Musk", while even a few Republicans publicly grumbled.
"Who?" Pennsylvania Republican Glenn Thompson responded when asked about Musk. "I don't see him in the chamber."
* Recent Volatility: Over the past few weeks, the stock market has experienced significant swings, with the S&P 500 index often moving more than 1% in a single day. This level of volatility is higher than what we've seen in recent months. * Contributing Factors: Several factors are believed to be contributing to this increased volatility: * Tech Earnings: Recent earnings reports from major tech companies have been mixed, leading to some market uncertainty. * Interest Rate Concerns: The Federal Reserve's monetary policy decisions, particularly regarding interest rates, continue to be a major factor influencing market sentiment. * Economic Data: Recent economic data, such as inflation figures and employment reports, has been somewhat mixed, adding to the uncertainty. What This Means for Investors: * Increased Risk: Market volatility generally increases investment risk. Investors should be prepared for potential price fluctuations in their portfolios. * Long-Term Perspective: It's important to maintain a long-term perspective when investing. Short-term market fluctuations are normal and shouldn't necessarily cause panic selling. * Diversification: Diversifying your investment portfolio across different asset classes and sectors can help to mitigate some of the risks associated with market volatility. Disclaimer: * This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice. * It is essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions. I hope this information is helpful! #BinanceAlphaAlert
Shiba Inu whale recently liquidated 250 billion SHIB worth $6.05 million. With a mere $3,800, this whale made its first foray into the SHIB market on Aug. 6, 2020, purchasing an incredible 15.28 trillion SHIB, which reached its peak value of $1.22 billion. The whale has made a total profit of $109 million over the course of their holdings, and they still have 2.15 trillion SHIB, or roughly $52.18 million. #Shiba