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🚨 Bad News for Bitcoin and Altcoins from US President Biden!🚨
U.S. President Joe Biden has just announced that he vetoed a House Joint Resolution aimed at repealing Staff Accounting Bulletin 121 (SAB 121) from the U.S. Securities and Exchange Commission (SEC).
🔍 **What is SAB 121?**
SAB 121 is an SEC accounting guideline that requires financial institutions holding cryptocurrencies for customers to keep these assets on their own balance sheets. Critics argue this makes it challenging for financial institutions to collaborate with crypto companies.
During his veto decision, President Biden emphasized his commitment to protecting consumers and investors, stating he won't support "any measures that would jeopardize the welfare of consumers and investors." 🛡️
“By invoking the Congressional Review Act, this Republican-led decision would inappropriately restrict the SEC's ability to establish appropriate guardrails and address future issues,” Biden explained.
He reiterated his desire to work with Congress on legislation for the digital asset market, stressing the need for "appropriate guardrails that protect consumers and investors." 🏦👥
Earlier on Friday, Senator Ron Wyden (D-Ore.), a member of Biden's party who voted for the resolution, expressed concerns at the Consensus 2024 conference. He noted that this guidance sets a different standard for crypto compared to other assets in the financial sector.
$BTC $ETH $BNB
#Biden #Biden #Biden #Biden #Biden
U.S. President Joe Biden has just announced that he vetoed a House Joint Resolution aimed at repealing Staff Accounting Bulletin 121 (SAB 121) from the U.S. Securities and Exchange Commission (SEC).
🔍 **What is SAB 121?**
SAB 121 is an SEC accounting guideline that requires financial institutions holding cryptocurrencies for customers to keep these assets on their own balance sheets. Critics argue this makes it challenging for financial institutions to collaborate with crypto companies.
During his veto decision, President Biden emphasized his commitment to protecting consumers and investors, stating he won't support "any measures that would jeopardize the welfare of consumers and investors." 🛡️
“By invoking the Congressional Review Act, this Republican-led decision would inappropriately restrict the SEC's ability to establish appropriate guardrails and address future issues,” Biden explained.
He reiterated his desire to work with Congress on legislation for the digital asset market, stressing the need for "appropriate guardrails that protect consumers and investors." 🏦👥
Earlier on Friday, Senator Ron Wyden (D-Ore.), a member of Biden's party who voted for the resolution, expressed concerns at the Consensus 2024 conference. He noted that this guidance sets a different standard for crypto compared to other assets in the financial sector.
$BTC $ETH $BNB
#Biden #Biden #Biden #Biden #Biden
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Get your instant reward from my pin 📌 post🔥
$1 for commenting your favorite coin
$2 for reposting this post!🔥🔥
I'll reach out to everyone who comments
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Hold Onto Your Altcoins, but Dont Convert Bitcoin Into Altcoins’: Here’s When Your Favorite Alts Wil
Analyst George aka Crypto Rus took to his latest analysis video and commented that the market is currently stuck in a rut. Bitcoin briefly surged to $67,000 but quickly dropped back to $65,500, hinting at some volatility. However, he said that despite these fluctuations, Bitcoin remains strong, having recently been at $72,000 just 10 days ago. However, the situation for altcoins is more troubling.
The analyst revealed that he checked his portfolio for the first time in weeks and noted major declines in altcoins compared to Bitcoin. Bitcoin dominance has increased, and many altcoins, including favorites like Solana, Avalanche, Polygon, and Chainlink, are bleeding heavily. Even projects in AI and gaming are down.
George advised against giving up on altcoins but noted that it isn’t an ideal time to convert Bitcoin into altcoins. Historically, altcoin seasons occur at the tail end of a market cycle. He pointed out that in the previous cycle, altcoins didn’t see major gains until late 2021, even though Bitcoin had been performing well.
For now, he believes it’s a good time to dollar-cost average (DCA) into solid altcoins, as many of them are expected to recover. However, he cautioned that converting Bitcoin into altcoins might not be wise at this moment, despite the potential for future altcoin gains.
“The fundamentals of Bitcoin are solid, and the market dips are expected to pass”
Given the recent Bitcoin halving event, the analyst predicts that Bitcoin will start showing upward movement after September. Factors such as potential rate cuts, the launch of Bitcoin spot ETFs, and the upcoming elections could drive this trend. Until then, Bitcoin dominance may continue to rise, and altcoins might struggle.
He added that when you hold assets like altcoins, unlike Bitcoin, their value can decrease significantly if Bitcoin dominance rises. This means your overall portfolio’s worth in Bitcoin terms can drop, which is disheartening. The primary reason for holding altcoins is to outperform Bitcoin, allowing you to add Bitcoin to your portfolio without additional spending. People often FOMO into meme coins because they can yield substantial returns.
Bitcoin, he believes, will eventually hit new highs, potentially reaching $70,000 or $73,000 soon. However, he empathizes with those heavily invested in altcoins and meme coins, acknowledging their current struggles.
Also Read: Shiba Inu Touches Monthly Low Amid Declining Whale Interest: Will Bulls Gain the Control of SHIB Price?
The analyst revealed that he checked his portfolio for the first time in weeks and noted major declines in altcoins compared to Bitcoin. Bitcoin dominance has increased, and many altcoins, including favorites like Solana, Avalanche, Polygon, and Chainlink, are bleeding heavily. Even projects in AI and gaming are down.
George advised against giving up on altcoins but noted that it isn’t an ideal time to convert Bitcoin into altcoins. Historically, altcoin seasons occur at the tail end of a market cycle. He pointed out that in the previous cycle, altcoins didn’t see major gains until late 2021, even though Bitcoin had been performing well.
For now, he believes it’s a good time to dollar-cost average (DCA) into solid altcoins, as many of them are expected to recover. However, he cautioned that converting Bitcoin into altcoins might not be wise at this moment, despite the potential for future altcoin gains.
“The fundamentals of Bitcoin are solid, and the market dips are expected to pass”
Given the recent Bitcoin halving event, the analyst predicts that Bitcoin will start showing upward movement after September. Factors such as potential rate cuts, the launch of Bitcoin spot ETFs, and the upcoming elections could drive this trend. Until then, Bitcoin dominance may continue to rise, and altcoins might struggle.
He added that when you hold assets like altcoins, unlike Bitcoin, their value can decrease significantly if Bitcoin dominance rises. This means your overall portfolio’s worth in Bitcoin terms can drop, which is disheartening. The primary reason for holding altcoins is to outperform Bitcoin, allowing you to add Bitcoin to your portfolio without additional spending. People often FOMO into meme coins because they can yield substantial returns.
Bitcoin, he believes, will eventually hit new highs, potentially reaching $70,000 or $73,000 soon. However, he empathizes with those heavily invested in altcoins and meme coins, acknowledging their current struggles.
Also Read: Shiba Inu Touches Monthly Low Amid Declining Whale Interest: Will Bulls Gain the Control of SHIB Price?
💎 We're giving away $50,000 in Notcoin
In partnership with Notcoin, we’re excited to launch a contest with a total prize pool of $50,000 in NOT! To participate in the promotion, complete simple tasks and earn points. The more points you collect, the more NOT you can get.
The contest is available in the Community App. You can complete tasks multiple times and track your points on the leaderboard. Compete with other participants, complete as many tasks as possible, and share the $50,000 prize pool in NOT! The campaign will run through June 24th 🤑
FAQ
Rules
Investments in crypto are risky.
In partnership with Notcoin, we’re excited to launch a contest with a total prize pool of $50,000 in NOT! To participate in the promotion, complete simple tasks and earn points. The more points you collect, the more NOT you can get.
The contest is available in the Community App. You can complete tasks multiple times and track your points on the leaderboard. Compete with other participants, complete as many tasks as possible, and share the $50,000 prize pool in NOT! The campaign will run through June 24th 🤑
FAQ
Rules
Investments in crypto are risky.
⚠️ Major Update ⚠️
If Saudi Arabia decides to abandon the US dollar for oil transactions, it could lead to significant shifts in global markets.
Here's a look at potential outcomes:
💱 Stablecoins and Cryptocurrencies: Digital currencies like USDT and USDC, which are pegged to the US dollar, might face instability if the dollar's value decreases, leading to a potential increase in Bitcoin purchases.
🪙 Gold and Silver: In uncertain times, gold and silver become popular investments. China's recent gold acquisitions could be a strategic move anticipating such a scenario.
📉 Market Reactions: While immediate changes are unlikely due to the prevalence of dollar-based deals, market speculation and anticipation could trigger fluctuations.
🌍 Economic Impact: The dominance of the US dollar in global trade could be challenged, resulting in significant economic changes worldwide.
💼 Investment Strategies: To safeguard their wealth, investors may diversify their portfolios by increasing holdings in cryptocurrencies, gold, and other non-dollar assets.
Given the potential implications, it's crucial to monitor this situation closely and consider diversifying investments to mitigate risks.
#TopCoins2025 #IOprediction #mindset
If Saudi Arabia decides to abandon the US dollar for oil transactions, it could lead to significant shifts in global markets.
Here's a look at potential outcomes:
💱 Stablecoins and Cryptocurrencies: Digital currencies like USDT and USDC, which are pegged to the US dollar, might face instability if the dollar's value decreases, leading to a potential increase in Bitcoin purchases.
🪙 Gold and Silver: In uncertain times, gold and silver become popular investments. China's recent gold acquisitions could be a strategic move anticipating such a scenario.
📉 Market Reactions: While immediate changes are unlikely due to the prevalence of dollar-based deals, market speculation and anticipation could trigger fluctuations.
🌍 Economic Impact: The dominance of the US dollar in global trade could be challenged, resulting in significant economic changes worldwide.
💼 Investment Strategies: To safeguard their wealth, investors may diversify their portfolios by increasing holdings in cryptocurrencies, gold, and other non-dollar assets.
Given the potential implications, it's crucial to monitor this situation closely and consider diversifying investments to mitigate risks.
#TopCoins2025 #IOprediction #mindset
PepecoinPioneers will eliminate how many zeros after this halving?
1) Don't follow greedy analysts telling you that PEPE will only shed 3 or 4 zeros in this halving.
2) If you invest in #PEPE with the goal of eradicating
3 zeros in 2 months, please withdraw your investment.
Now, follow my cautious approach!
According to my analysis, #PEPE will remove 2 zeros in April and May, but will retract and recover 1 zero.
Then, the zeros will be wiped out by the end of the year, resulting in a total of two zeros after the halving.
So don't rush, calculate carefully 🥂$PEPE
#cryptocurreny #Binance #btc #Bitcoin
Investing wisely is key, as funds belong to everyone
🔍
📌 My channel offers a unique blend of content, setting it apart from the rest
📊 If you're hungry for the latest insights and trends in the world of Crypto, then look no further. Join me for in-depth analyses, expert interviews, and cutting-edge strategies to stay ahead of the curve
📈
🔔 Let's embark on this journey together and unlock the full potential of Crypto investments ✅
1) Don't follow greedy analysts telling you that PEPE will only shed 3 or 4 zeros in this halving.
2) If you invest in #PEPE with the goal of eradicating
3 zeros in 2 months, please withdraw your investment.
Now, follow my cautious approach!
According to my analysis, #PEPE will remove 2 zeros in April and May, but will retract and recover 1 zero.
Then, the zeros will be wiped out by the end of the year, resulting in a total of two zeros after the halving.
So don't rush, calculate carefully 🥂$PEPE
#cryptocurreny #Binance #btc #Bitcoin
Investing wisely is key, as funds belong to everyone
🔍
📌 My channel offers a unique blend of content, setting it apart from the rest
📊 If you're hungry for the latest insights and trends in the world of Crypto, then look no further. Join me for in-depth analyses, expert interviews, and cutting-edge strategies to stay ahead of the curve
📈
🔔 Let's embark on this journey together and unlock the full potential of Crypto investments ✅
Will $LUNC price increase before the end of 2024 with the price target at $0.00029 ?
Lets Educate Ourself First.
What is Terra Station?
Terra Station is the official Terra crypto wallet and dashboard that allows $LUNA holders to access their funds, stake & participate in governance. It's available as both an app for mobile devices & as a browser extension.
The Terra Station dashboard displays a range of on-chain data, including transaction volume, staking returns & the number of active accounts.
Terra Station's wallet is non-custodial, meaning that only you have access to your private keys. If you open a Terra Station wallet, make sure to keep your seed phrase in a safe & secure place. If you lose it, there's no way to retrieve your funds.
The governance portal allows you to create new proposals and take them to the voting stage by depositing 512 LUNA. Other users may deposit the 512 LUNA for you instead if you don't have the funds. When a new proposal is created, other LUNA holders can stake their tokens to cast their votes.
The staking tokens section lets you delegate, check your rewards, bond LUNA as a validator & take part in every stage of the DPoS consensus mechanism.
What is Terra Classic ($LUNC )
Terra Classis is a blockchain protocol that utilizes stablecoin to power payments on a global scale. Terra is secured by the Proof-of-Stake (PoS) Consensus with LUNC as its native token.
Note :
Do Kwon is no longer in charge of the project as the community has been making an effort to revive LUNC. One of the ways it does this is by burning the tokens and ensuring scarcity. This way, the token can retain a good value.
Educate Yourself Here
The information provided is not financial or legal advice. The GLUE is not liable for any damages or losses from using or relying on this content.
Lets Educate Ourself First.
What is Terra Station?
Terra Station is the official Terra crypto wallet and dashboard that allows $LUNA holders to access their funds, stake & participate in governance. It's available as both an app for mobile devices & as a browser extension.
The Terra Station dashboard displays a range of on-chain data, including transaction volume, staking returns & the number of active accounts.
Terra Station's wallet is non-custodial, meaning that only you have access to your private keys. If you open a Terra Station wallet, make sure to keep your seed phrase in a safe & secure place. If you lose it, there's no way to retrieve your funds.
The governance portal allows you to create new proposals and take them to the voting stage by depositing 512 LUNA. Other users may deposit the 512 LUNA for you instead if you don't have the funds. When a new proposal is created, other LUNA holders can stake their tokens to cast their votes.
The staking tokens section lets you delegate, check your rewards, bond LUNA as a validator & take part in every stage of the DPoS consensus mechanism.
What is Terra Classic ($LUNC )
Terra Classis is a blockchain protocol that utilizes stablecoin to power payments on a global scale. Terra is secured by the Proof-of-Stake (PoS) Consensus with LUNC as its native token.
Note :
Do Kwon is no longer in charge of the project as the community has been making an effort to revive LUNC. One of the ways it does this is by burning the tokens and ensuring scarcity. This way, the token can retain a good value.
Educate Yourself Here
The information provided is not financial or legal advice. The GLUE is not liable for any damages or losses from using or relying on this content.
Big News: Fifth Biggest Bitcoin Holder Wakes Up After 5 Years 🐳
Imagine someone who owns a whopping 94,500 Bitcoins, making them the fifth-largest Bitcoin holder in the world. Well, this big shot has come back to life after staying quiet for five years. According to Arkham Intelligence, this wallet, now worth a mind-boggling $6.6 billion, recently became active again.
In 2019, this wallet got a massive amount of Bitcoin, which today would be worth $6.6 billion. But until recently, no one touched it. Over the weekend, though, things got interesting. The Bitcoin in this wallet got split up and moved to new wallets. Now, the original wallet only has 1.4 Bitcoins, while the rest got spread across three wallets, with one of them holding $5 billion worth of Bitcoin.
The owner of the wallet split the Bitcoin into two parts. They sent one part as it was to a new wallet and divided the other part between two more wallets. This move reshuffled the 94,500 Bitcoins, making the owner one of the top Bitcoin holders in the world.
Miguel Morel, CEO of Arkham, pointed out that while most big Bitcoin wallets are linked to companies or exchanges, this one hasn't done much. It's been pretty quiet and has no connection to any exchange.
This Bitcoin movement is a big deal because it's the first time in a while that a single wallet has done something major. Before this, there were some other movements, like one anonymous wallet sending 27 Bitcoins to Satoshi Nakamoto's address in January 2024. Also, in November 2023, three other sleepy wallets woke up and moved about 7,000 Bitcoins to Bitfinex.
Despite all this excitement, the Bitcoin price hasn't really changed much. It's still hovering around $70,000.
Imagine someone who owns a whopping 94,500 Bitcoins, making them the fifth-largest Bitcoin holder in the world. Well, this big shot has come back to life after staying quiet for five years. According to Arkham Intelligence, this wallet, now worth a mind-boggling $6.6 billion, recently became active again.
In 2019, this wallet got a massive amount of Bitcoin, which today would be worth $6.6 billion. But until recently, no one touched it. Over the weekend, though, things got interesting. The Bitcoin in this wallet got split up and moved to new wallets. Now, the original wallet only has 1.4 Bitcoins, while the rest got spread across three wallets, with one of them holding $5 billion worth of Bitcoin.
The owner of the wallet split the Bitcoin into two parts. They sent one part as it was to a new wallet and divided the other part between two more wallets. This move reshuffled the 94,500 Bitcoins, making the owner one of the top Bitcoin holders in the world.
Miguel Morel, CEO of Arkham, pointed out that while most big Bitcoin wallets are linked to companies or exchanges, this one hasn't done much. It's been pretty quiet and has no connection to any exchange.
This Bitcoin movement is a big deal because it's the first time in a while that a single wallet has done something major. Before this, there were some other movements, like one anonymous wallet sending 27 Bitcoins to Satoshi Nakamoto's address in January 2024. Also, in November 2023, three other sleepy wallets woke up and moved about 7,000 Bitcoins to Bitfinex.
Despite all this excitement, the Bitcoin price hasn't really changed much. It's still hovering around $70,000.
4 Major P2P Scams on Binance in 2023 and How to Avoid Them
P2P payments are a convenient and secure way to send and receive money online. But they also come with risks. Scammers are always looking for ways to trick you into giving them your money or your personal information.
In 2023, you need to be aware of these four major P2P scams, especially on Binance, one of the most popular platforms for crypto trading and payments.
Be a real IDAN. Don't get scammed.
1. Overpayment Scams
This scam is simple but effective. The scammer will send you a payment that is more than the amount you agreed on. They will then ask you to send them back the difference.
For example, if you are selling something for $100 and you are using #Binance P2P payment, they will send you $150 worth of #bitcoin or #ETH and ask you to refund them $50. Once you do that, they will reverse the original payment, leaving you with nothing. Impressive right?
How to Avoid
To avoid this scam, never accept overpayments from strangers.
If someone sends you more money than you expected, contact them and ask them to cancel the payment. Do not send any money back until you are sure that the payment is final and irreversible.
2. Fake Job Scams
This scam targets people who are looking for remote jobs online. The scammer will post a fake job listing on social media or job boards. Then they will contact you and offer you the job.
They will ask you to send them money for things like training or background checks and promise to reimburse you later. But once you send them the money, they will disappear and you will never hear from them again.
How to Avoid
To avoid this scam, never pay money upfront for a great opportunity.
Do your research on the company and the person who is hiring you. Check their website, social media accounts, and online reviews. If something seems too good to be true, it probably is.
3. Romance Scams
Everybody loves to be loved but not all is true love. This scam is designed to exploit your emotions and your desire for love.
The scammer will create a fake profile on a dating website or social
P2P payments are a convenient and secure way to send and receive money online. But they also come with risks. Scammers are always looking for ways to trick you into giving them your money or your personal information.
In 2023, you need to be aware of these four major P2P scams, especially on Binance, one of the most popular platforms for crypto trading and payments.
Be a real IDAN. Don't get scammed.
1. Overpayment Scams
This scam is simple but effective. The scammer will send you a payment that is more than the amount you agreed on. They will then ask you to send them back the difference.
For example, if you are selling something for $100 and you are using #Binance P2P payment, they will send you $150 worth of #bitcoin or #ETH and ask you to refund them $50. Once you do that, they will reverse the original payment, leaving you with nothing. Impressive right?
How to Avoid
To avoid this scam, never accept overpayments from strangers.
If someone sends you more money than you expected, contact them and ask them to cancel the payment. Do not send any money back until you are sure that the payment is final and irreversible.
2. Fake Job Scams
This scam targets people who are looking for remote jobs online. The scammer will post a fake job listing on social media or job boards. Then they will contact you and offer you the job.
They will ask you to send them money for things like training or background checks and promise to reimburse you later. But once you send them the money, they will disappear and you will never hear from them again.
How to Avoid
To avoid this scam, never pay money upfront for a great opportunity.
Do your research on the company and the person who is hiring you. Check their website, social media accounts, and online reviews. If something seems too good to be true, it probably is.
3. Romance Scams
Everybody loves to be loved but not all is true love. This scam is designed to exploit your emotions and your desire for love.
The scammer will create a fake profile on a dating website or social
