LIVE
EmmanuelRuina
@Square-Creator-583319774
Invest, redeem, trade//
Following
Followers
Liked
Share
#moneyMonetary
LIVE
Binance News
--
Summers Warns Against Political Influence on US Monetary Policy
According to Odaily, former US Treasury Secretary Lawrence Summers recently expressed concerns on Bloomberg TV's 'Wall Street Week' about the detrimental effects of political involvement in monetary policy. Summers stated that allowing politicians to influence monetary policy is a 'foolish game' that ultimately leads to higher inflation and a weaker economy. He warned that any presidential influence on US monetary policy would harm the economy in the long run. Government officials, he noted, often push for more money printing and lower interest rates to stimulate the economy, which increases inflation expectations and raises long-term interest rates. Such actions, Summers argued, only exacerbate inflation without achieving substantial economic growth.
Regarding the current policy decisions of the Federal Reserve, Summers commented that given the recent market volatility and stock market sell-off, which have stabilized since last week's turmoil, an emergency rate cut is unnecessary 'based on the current facts.' However, he suggested that a 50 basis point rate cut might be appropriate during the Federal Reserve's policy meeting in September.
Regarding the current policy decisions of the Federal Reserve, Summers commented that given the recent market volatility and stock market sell-off, which have stabilized since last week's turmoil, an emergency rate cut is unnecessary 'based on the current facts.' However, he suggested that a 50 basis point rate cut might be appropriate during the Federal Reserve's policy meeting in September.
LIVE
AICoin官方
--
Thailand launches crypto regulatory sandbox to ‘facilitate experiments’
Thailand’s securities watchdog has launched a sandbox for cryptocurrency businesses as the country continues to study the fine line between regulatory restrictions and crypto innovation.
On Friday, Thailand’s Securities and Exchange Commission said that the sandbox is designed to “facilitate experiments and the development of innovations supporting the efficient provision of digital asset services in the real-life context.”
The launch of the sandbox follows the SEC Board’s approval of establishing the crypto sandbox in March, with a subsequent public hearing in May.
Specifically, the SEC noted that the sandbox is intended for industry participants in six categories: digital asset exchanges, brokers, dealers, fund managers, advisors and custodial wallet providers.
The sandbox is now open for applications. The Thai regulator said it would review applicants’ qualifications based on their capital adequacy, work systems and management structures.
The Thai authorities made several crypto-positive moves earlier this year. For example, the Ministry of Finance reportedly extended its value-added tax exemption on cryptocurrency trading in February. In March, the Thai SEC adjusted relevant regulations to allow professional investors to invest in U.S. spot bitcoin exchange-traded funds.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
On Friday, Thailand’s Securities and Exchange Commission said that the sandbox is designed to “facilitate experiments and the development of innovations supporting the efficient provision of digital asset services in the real-life context.”
The launch of the sandbox follows the SEC Board’s approval of establishing the crypto sandbox in March, with a subsequent public hearing in May.
Specifically, the SEC noted that the sandbox is intended for industry participants in six categories: digital asset exchanges, brokers, dealers, fund managers, advisors and custodial wallet providers.
The sandbox is now open for applications. The Thai regulator said it would review applicants’ qualifications based on their capital adequacy, work systems and management structures.
The Thai authorities made several crypto-positive moves earlier this year. For example, the Ministry of Finance reportedly extended its value-added tax exemption on cryptocurrency trading in February. In March, the Thai SEC adjusted relevant regulations to allow professional investors to invest in U.S. spot bitcoin exchange-traded funds.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
LIVE
Binance Academy
--
What Are Money Markets?
Key Takeaways
Money markets facilitate short-term lending and borrowing of highly liquid assets, providing liquidity and stability to the financial system.
Key participants include banks, corporations, governments, and individual investors, trading instruments like treasury bills, certificates of deposit, and commercial paper.
Money markets impact broader financial markets and could potentially influence cryptocurrency markets. Integration with cryptocurrencies could enhance liquidity and stability in digital asset markets.
Introduction
Money markets are a crucial component of the financial system, facilitating the short-term lending and borrowing of funds. They play an important role in providing liquidity and enabling the smooth functioning of financial markets and the broader economy.
This article explores the basics of money markets, their key participants and instruments, their functions, and potential impact on financial markets.
What Are Money Markets?
The term money market refers to the trading of short-term debt investments. Money markets are organized exchanges where participants can lend and borrow short-term, high-quality debt securities with maturities of one year or less. These markets deal in highly liquid assets, such as treasury bills (T-bills), certificates of deposit (CDs), commercial paper, and repurchase agreements (repos).
The primary purpose of money markets is to provide a platform for governments, banks, corporations, and other large institutions to raise funds to meet their short-term cash flow needs. At the same time, they offer individual investors an opportunity to invest in low-risk, short-term securities.
Key Participants
The main participants in money markets include:
1. Banks and financial institutions: These are the primary participants. They use money markets to manage their liquidity needs and to lend excess reserves.
2. Corporations: Companies use money markets to finance their short-term operational needs through instruments like commercial paper.
3. Governments: They issue T-Bills to manage their short-term funding requirements.
4. Investment funds: Money market mutual funds invest in short-term instruments and offer investors a way to invest in money markets.
5. Retail investors: Individual investors can participate indirectly through money market mutual funds or directly through instruments like T-Bills and CDs.
Key Instruments
Money markets operate through various financial instruments that are traded over-the-counter (OTC). The prices and interest rates in money markets are influenced by supply and demand dynamics, central bank policies, and overall economic conditions.
Some of the commonly traded instruments in money markets are:
1. Treasury bills (T-bills): Short-term government securities with maturities ranging from 4 to 52 weeks. They are considered one of the safest money market instruments.
2. Certificates of deposit (CDs): Issued by banks and credit unions, CDs are time deposits that pay interest upon maturity, typically ranging from a few weeks to several months.
3. Commercial paper: Unsecured, short-term debt instruments issued by corporations to finance their working capital needs.
4. Repurchase agreements (repos): Short-term agreements where one party sells securities to another with a commitment to repurchase them at a later date and at a higher price.
5. Bankers' acceptances: Short-term debt instruments guaranteed by a commercial bank, often used in international trade transactions.
Functions of Money Markets
Money markets serve several crucial functions in the financial system:
1. Financing trade and industry: Money markets provide short-term financing for domestic and international trade, as well as working capital for industries.
2. Investing excess reserves: Commercial banks can invest their excess reserves in money market instruments, earning interest while maintaining liquidity.
3. Implementing monetary policy: Central banks use money markets to influence short-term interest rates and implement monetary policy.
4. Facilitating liquidity management: Money markets allow financial institutions and corporations to manage their liquidity by borrowing or lending funds on a short-term basis.
5. Investment opportunities: Individual investors can earn returns on their idle cash by investing in money market funds, which invest in various money market instruments.
Impact on Financial Markets
Money markets have a significant impact on the broader financial system due to their role in ensuring liquidity and stability. Some key impacts include:
Financial Stability and Liquidity
Money markets provide the necessary liquidity for financial institutions to operate smoothly. Banks rely on these markets to meet reserve requirements and manage day-to-day funding needs. This liquidity is essential for maintaining stability in the banking system and ensuring that financial institutions can meet their obligations.
Interest Rates and Monetary Policy
Central banks, such as the Federal Reserve in the United States, use money markets to implement monetary policy. By adjusting the supply of money in the economy, central banks influence short-term interest rates, which in turn affect borrowing costs, consumer spending, and investment. Tools like open market operations (buying and selling government securities) directly impact money market conditions.
Investment Opportunities
For investors, money markets offer a low-risk investment option. Money market mutual funds provide a way to earn returns on cash holdings with minimal risk, making them a popular choice for conservative investors or those seeking a temporary place to park funds.
Impact on Cryptocurrency Markets
As cryptocurrencies and blockchain technology gain traction, the interplay between traditional money markets and digital assets becomes more relevant. Here are some potential impacts:
1. Liquidity and stability: A well-developed money market could potentially provide more liquidity and stability to cryptocurrency markets, which have historically been volatile.
2. Regulatory oversight: As cryptocurrencies become more mainstream, money markets could offer a regulated environment for trading and lending crypto assets, enhancing investor confidence and adoption.
3. Integration with traditional finance: The integration of cryptocurrencies into money markets could facilitate their acceptance as a legitimate asset class and promote their use in mainstream financial transactions.
4. Arbitrage opportunities: Differences in interest rates and lending conditions between traditional money markets and cryptocurrency markets could create arbitrage opportunities for investors and traders.
However, the impact of money markets on cryptocurrency markets is still largely theoretical, and significant regulatory and technological challenges need to be addressed before any meaningful integration can occur.
Closing Thoughts
In conclusion, money markets play a crucial role in facilitating short-term lending and borrowing, providing liquidity, and supporting the implementation of monetary policy. By understanding money markets, investors and institutions can better navigate both traditional and emerging financial environments.
Further Reading
What Are Index Funds?
What Is Liquidity and Why Does It Matter?
What Are Pre-Markets?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Money markets facilitate short-term lending and borrowing of highly liquid assets, providing liquidity and stability to the financial system.
Key participants include banks, corporations, governments, and individual investors, trading instruments like treasury bills, certificates of deposit, and commercial paper.
Money markets impact broader financial markets and could potentially influence cryptocurrency markets. Integration with cryptocurrencies could enhance liquidity and stability in digital asset markets.
Introduction
Money markets are a crucial component of the financial system, facilitating the short-term lending and borrowing of funds. They play an important role in providing liquidity and enabling the smooth functioning of financial markets and the broader economy.
This article explores the basics of money markets, their key participants and instruments, their functions, and potential impact on financial markets.
What Are Money Markets?
The term money market refers to the trading of short-term debt investments. Money markets are organized exchanges where participants can lend and borrow short-term, high-quality debt securities with maturities of one year or less. These markets deal in highly liquid assets, such as treasury bills (T-bills), certificates of deposit (CDs), commercial paper, and repurchase agreements (repos).
The primary purpose of money markets is to provide a platform for governments, banks, corporations, and other large institutions to raise funds to meet their short-term cash flow needs. At the same time, they offer individual investors an opportunity to invest in low-risk, short-term securities.
Key Participants
The main participants in money markets include:
1. Banks and financial institutions: These are the primary participants. They use money markets to manage their liquidity needs and to lend excess reserves.
2. Corporations: Companies use money markets to finance their short-term operational needs through instruments like commercial paper.
3. Governments: They issue T-Bills to manage their short-term funding requirements.
4. Investment funds: Money market mutual funds invest in short-term instruments and offer investors a way to invest in money markets.
5. Retail investors: Individual investors can participate indirectly through money market mutual funds or directly through instruments like T-Bills and CDs.
Key Instruments
Money markets operate through various financial instruments that are traded over-the-counter (OTC). The prices and interest rates in money markets are influenced by supply and demand dynamics, central bank policies, and overall economic conditions.
Some of the commonly traded instruments in money markets are:
1. Treasury bills (T-bills): Short-term government securities with maturities ranging from 4 to 52 weeks. They are considered one of the safest money market instruments.
2. Certificates of deposit (CDs): Issued by banks and credit unions, CDs are time deposits that pay interest upon maturity, typically ranging from a few weeks to several months.
3. Commercial paper: Unsecured, short-term debt instruments issued by corporations to finance their working capital needs.
4. Repurchase agreements (repos): Short-term agreements where one party sells securities to another with a commitment to repurchase them at a later date and at a higher price.
5. Bankers' acceptances: Short-term debt instruments guaranteed by a commercial bank, often used in international trade transactions.
Functions of Money Markets
Money markets serve several crucial functions in the financial system:
1. Financing trade and industry: Money markets provide short-term financing for domestic and international trade, as well as working capital for industries.
2. Investing excess reserves: Commercial banks can invest their excess reserves in money market instruments, earning interest while maintaining liquidity.
3. Implementing monetary policy: Central banks use money markets to influence short-term interest rates and implement monetary policy.
4. Facilitating liquidity management: Money markets allow financial institutions and corporations to manage their liquidity by borrowing or lending funds on a short-term basis.
5. Investment opportunities: Individual investors can earn returns on their idle cash by investing in money market funds, which invest in various money market instruments.
Impact on Financial Markets
Money markets have a significant impact on the broader financial system due to their role in ensuring liquidity and stability. Some key impacts include:
Financial Stability and Liquidity
Money markets provide the necessary liquidity for financial institutions to operate smoothly. Banks rely on these markets to meet reserve requirements and manage day-to-day funding needs. This liquidity is essential for maintaining stability in the banking system and ensuring that financial institutions can meet their obligations.
Interest Rates and Monetary Policy
Central banks, such as the Federal Reserve in the United States, use money markets to implement monetary policy. By adjusting the supply of money in the economy, central banks influence short-term interest rates, which in turn affect borrowing costs, consumer spending, and investment. Tools like open market operations (buying and selling government securities) directly impact money market conditions.
Investment Opportunities
For investors, money markets offer a low-risk investment option. Money market mutual funds provide a way to earn returns on cash holdings with minimal risk, making them a popular choice for conservative investors or those seeking a temporary place to park funds.
Impact on Cryptocurrency Markets
As cryptocurrencies and blockchain technology gain traction, the interplay between traditional money markets and digital assets becomes more relevant. Here are some potential impacts:
1. Liquidity and stability: A well-developed money market could potentially provide more liquidity and stability to cryptocurrency markets, which have historically been volatile.
2. Regulatory oversight: As cryptocurrencies become more mainstream, money markets could offer a regulated environment for trading and lending crypto assets, enhancing investor confidence and adoption.
3. Integration with traditional finance: The integration of cryptocurrencies into money markets could facilitate their acceptance as a legitimate asset class and promote their use in mainstream financial transactions.
4. Arbitrage opportunities: Differences in interest rates and lending conditions between traditional money markets and cryptocurrency markets could create arbitrage opportunities for investors and traders.
However, the impact of money markets on cryptocurrency markets is still largely theoretical, and significant regulatory and technological challenges need to be addressed before any meaningful integration can occur.
Closing Thoughts
In conclusion, money markets play a crucial role in facilitating short-term lending and borrowing, providing liquidity, and supporting the implementation of monetary policy. By understanding money markets, investors and institutions can better navigate both traditional and emerging financial environments.
Further Reading
What Are Index Funds?
What Is Liquidity and Why Does It Matter?
What Are Pre-Markets?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
LIVE
Binance Announcement
--
Binance Square #Write2Earn: Enjoy Up to 5% Trading Fee Commissions With Your Binance Square Posts!
This is a general announcement. Products and services referred to here may not be available in your region.
Binance Square is pleased to launch the #Write2Earn promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn up to 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s) on a first-come, first-served basis.
Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-25 23:59 (UTC)
How to Participate
Login to your Binance account, and go to Binance Square.Publish qualified content pieces (i.e., short posts, long articles or polls) that include the #Write2Earn hashtag and at least 200 characters. Get up to 5% in trading fee commissions from regular and VIP 1-2 users’ spot, margin and futures trade(s) (excluding copy trading) when they engage with your qualified content pieces (e.g., via likes, shares, quotes, comments), and complete the trade(s) within 180 minutes after the engagement.
Rewards Structure
Commissions rewards will be distributed in the form of USDT token vouchers to eligible Binance Square creators on a first-come, first-served basis. A total of 10,000 USDT in token vouchers is available in this promotion.If a regular or VIP 1-2 user engage with one or more qualified content piece(s) on Binance Square within 180 minutes before trading on Spot, Margin and/or Futures (excluding copy trading) during the Promotion Period, the eligible Binance Square creator(s) of these content piece(s) will qualify to equally share 5% in trading fee commissions from the above trade(s).
Post on Binance Square Now to Earn 5% Commission!
Notes
Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards.For each day of the Promotion Period, the maximum commission that an eligible Binance Square creator may receive is a 50 USDT token voucher. Commission rewards will only be distributed when the value of the reward is at least 0.1 USDT. Binance Square creators will not be eligible to earn any trading fee commissions from their own spot, margin, or futures trades.The commission rewards in this promotion is on top of commission-based rewards from the Standard Referral Mode.
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This promotion may not be available in your region. Only Binance Square Creators who complete account verification are eligible to participate in this promotion. Media, project, or business/organization accounts are not eligible to join this promotion.Only short posts, long articles or polls that include the #Write2Earn hashtag and at least 200 characters will count as qualified content pieces. Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards from this promotion.Rewards Calculation and DistributionBinance will use the real-time exchange rates to calculate the commission rewards from every spot, margin and/or futures trade (excluding copy trading). Commission rewards will only be distributed to qualified Binance Square creators when the value of the overall commission rewards accumulated during the Promotion Period is at least 0.1 USDT. For eligible Binance Square creators who accumulate at least 0.1 USDT of commission rewards in each week of the Promotion Period, Binance Square will publish their weekly performances via its official account by the following Wednesday at 23:59 (UTC). Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). The USDT token voucher rewards will be distributed within 15 working days after the promotion ends. Upon successful distribution of rewards, winners will be notified via a separate push notification under Creator Center > Square Assistant. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-01-22
Binance Square is pleased to launch the #Write2Earn promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn up to 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s) on a first-come, first-served basis.
Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-25 23:59 (UTC)
How to Participate
Login to your Binance account, and go to Binance Square.Publish qualified content pieces (i.e., short posts, long articles or polls) that include the #Write2Earn hashtag and at least 200 characters. Get up to 5% in trading fee commissions from regular and VIP 1-2 users’ spot, margin and futures trade(s) (excluding copy trading) when they engage with your qualified content pieces (e.g., via likes, shares, quotes, comments), and complete the trade(s) within 180 minutes after the engagement.
Rewards Structure
Commissions rewards will be distributed in the form of USDT token vouchers to eligible Binance Square creators on a first-come, first-served basis. A total of 10,000 USDT in token vouchers is available in this promotion.If a regular or VIP 1-2 user engage with one or more qualified content piece(s) on Binance Square within 180 minutes before trading on Spot, Margin and/or Futures (excluding copy trading) during the Promotion Period, the eligible Binance Square creator(s) of these content piece(s) will qualify to equally share 5% in trading fee commissions from the above trade(s).
Post on Binance Square Now to Earn 5% Commission!
Notes
Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards.For each day of the Promotion Period, the maximum commission that an eligible Binance Square creator may receive is a 50 USDT token voucher. Commission rewards will only be distributed when the value of the reward is at least 0.1 USDT. Binance Square creators will not be eligible to earn any trading fee commissions from their own spot, margin, or futures trades.The commission rewards in this promotion is on top of commission-based rewards from the Standard Referral Mode.
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This promotion may not be available in your region. Only Binance Square Creators who complete account verification are eligible to participate in this promotion. Media, project, or business/organization accounts are not eligible to join this promotion.Only short posts, long articles or polls that include the #Write2Earn hashtag and at least 200 characters will count as qualified content pieces. Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards from this promotion.Rewards Calculation and DistributionBinance will use the real-time exchange rates to calculate the commission rewards from every spot, margin and/or futures trade (excluding copy trading). Commission rewards will only be distributed to qualified Binance Square creators when the value of the overall commission rewards accumulated during the Promotion Period is at least 0.1 USDT. For eligible Binance Square creators who accumulate at least 0.1 USDT of commission rewards in each week of the Promotion Period, Binance Square will publish their weekly performances via its official account by the following Wednesday at 23:59 (UTC). Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). The USDT token voucher rewards will be distributed within 15 working days after the promotion ends. Upon successful distribution of rewards, winners will be notified via a separate push notification under Creator Center > Square Assistant. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-01-22
This came during a public interaction at the Berlin Gigafactory.
LIVE
Todayq News
--
DOGE Might Get You a Tesla Soon, Elon Musk Hints
Elon Musk pointed to the possibility that Tesla might accept Dogecoin as a payment method in the future. This came during a public interaction at the Berlin Gigafactory. Musk’s positive response caused a surge in Dogecoin’s price, rising by 6.4%. He previously supported Dogecoin for its popularity among the public contrasting it with Bitcoin’s support mainly from the wealthy. Tesla already accepted DOGE for merchandise purchases since January 2022.
Tesla hints at DOGE payment activation
Elon Musk reportedly hinted Tesla could accept Dogecoin (DOGE) as an official payment method “at some point”. Musk was interacting with the public on March 13 at the Berlin Gigafactory, a Tesla manufacturing plant when an audience member asked if Tesla could be purchased using DOGE in the near future. Musk responded positively by saying, “At some point I think we should enable that.”
Investors jumped on Musk’s response and the token price soared. Dogecoin reacted by jumping from $0.172 to $0.188 and now standing at $0.181 at the time of writing. This marks a 6.4% increase as the video gains traction on X.
Musk’s take on DOGE
The Tesla CEO said fans can still use DOGE to buy Tesla merchandise and reiterates “Dogecoin to the moon.”
Musk first endorsed DOGE after Tesla Gigafactory employees urged the CEO to support Dogecoin as an official mode of payment. A similar request was made to him at SpaceX by visitors demanding support for Dogecoin. This ultimately was accepted as he said, “Doge is people’s crypto, so I will support it.”
He says Bitcoin got a lot of support from rich people. So, he wants to support a crypto that’s more popular with the general public.
Tesla began accepting Dogecoin payments for company merchandise on Jan. 14, 2022. The company said then that it only supported Dogecoin payments and “non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.”
In anticipation of its upcoming payments feature, Musk’s X (formerly Twitter) has created an ‘XPayments’ account, sparking speculation about the implementation of cryptocurrencies.
There is anticipation that the X app will introduce in-app payment services by mid-2024. There’s no word yet on whether the feature will support payments beyond traditional fiat currencies or if Musk will mainstream Dogecoin like his fans want.
Tesla hints at DOGE payment activation
Elon Musk reportedly hinted Tesla could accept Dogecoin (DOGE) as an official payment method “at some point”. Musk was interacting with the public on March 13 at the Berlin Gigafactory, a Tesla manufacturing plant when an audience member asked if Tesla could be purchased using DOGE in the near future. Musk responded positively by saying, “At some point I think we should enable that.”
Investors jumped on Musk’s response and the token price soared. Dogecoin reacted by jumping from $0.172 to $0.188 and now standing at $0.181 at the time of writing. This marks a 6.4% increase as the video gains traction on X.
Musk’s take on DOGE
The Tesla CEO said fans can still use DOGE to buy Tesla merchandise and reiterates “Dogecoin to the moon.”
Musk first endorsed DOGE after Tesla Gigafactory employees urged the CEO to support Dogecoin as an official mode of payment. A similar request was made to him at SpaceX by visitors demanding support for Dogecoin. This ultimately was accepted as he said, “Doge is people’s crypto, so I will support it.”
He says Bitcoin got a lot of support from rich people. So, he wants to support a crypto that’s more popular with the general public.
Tesla began accepting Dogecoin payments for company merchandise on Jan. 14, 2022. The company said then that it only supported Dogecoin payments and “non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.”
In anticipation of its upcoming payments feature, Musk’s X (formerly Twitter) has created an ‘XPayments’ account, sparking speculation about the implementation of cryptocurrencies.
There is anticipation that the X app will introduce in-app payment services by mid-2024. There’s no word yet on whether the feature will support payments beyond traditional fiat currencies or if Musk will mainstream Dogecoin like his fans want.
Correction for solana soar
s to $173.27 rise in 24 hours while hitting the 25 month high.
check for more update in binance square follow for more!
s to $173.27 rise in 24 hours while hitting the 25 month high.
check for more update in binance square follow for more!
LIVE
CoinEdition
--
Solana (SOL) Skyrockets to a 25-Month High; Is a Correction Looming?
Solana soars to $173.27, marking a 14% rise in 24 hours, hitting a 25-month high.
SOL sees a 51% increase in 30 days, with predictions pointing towards $250.
RSI hits 80.50, signaling potential overbuying amid its bullish surge.
Solana (SOL) price has surged by 14% in the last 24 hours, reaching $173.27 as bullish momentum continues to build in the cryptocurrency market. This impressive gain is part of a broader uptrend for SOL, which has seen its value increase significantly over the past month.
The cryptocurrency industry, buoyed by Bitcoin’s new all-time high, has been experiencing a substantial uptrend in valuation, with SOL showcasing robust bullish sentiment.
SOL/USD 24-hour price chart (source: CoinStats)
Bullish Sentiments in Solana’s Rally
The recent price surge places Solana at the forefront of a bullish wave sweeping across the crypto sector. Over the past seven days, the SOL token has registered approximately a 23% increase, while its 30-day performance shows an even more remarkable 51% uptick.
This sustained buying pressure is a clear indicator of the growing investor confidence in Solana’s potential. Concurrently, this bullish momentum has been buoyed by the announcement of an Israeli Shekel-backed stablecoin, BILS, which will launch using token extensions on Solana.
This uptrend has resulted in Solana recording a new 25-month high, signaling strong bullish sentiment within the market. Analysts and traders have expressed bullish predictions for SOL, with some forecasting a potential rally toward the $250 mark. This sentiment is based on the transformation of the March 2022 resistance level of around $140 into a strong support zone.
$SOL now based and fuel up for leg to $250. https://t.co/nIpcbScR4j pic.twitter.com/IP1CidZfyw
— Bob Loukas 🗽 (@BobLoukas) March 13, 2024
Furthermore, the SOL/ETH chart analysis indicates a promising scenario for Solana against Ethereum, with the potential for substantial outperformance. Christopher Inks, founder of TexasWest Capital, and macro expert Raoul Pal have both identified technical patterns suggesting a breakout and bullish momentum for SOL in comparison to ETH. These analyses contribute to the growing optimism surrounding Solana’s market position and potential for further appreciation.
SOL/USD Technical Analysis
On the SOLUSD 4-hour price chart, the Keltner Channel bands are rising, with the upper, middle, and lower bands at $167.90, $156.57, and $145.22, respectively. This suggests a strong upward trend in price movement, with probable resistance at the upper band and support in the middle band.
SOL/USD 4-hour price chart (source: TradingView)
However, following a sequence of green candlesticks, the price action has breached the upper band, indicating that the bullish trend may continue. However, because it is above the upper band, there is a chance of a retreat or consolidation before a further upward trend. This shift may provide a purchasing opportunity for traders trying to enter the market at a cheaper price point.
Furthermore, the Relative Strength Index (RSI) reading of 80.50 indicates that SOLUSD may be overbought in the immediate term, implying a market reversal or correction. As a result, traders should exercise caution and implement tight stop-loss orders to safeguard profits in the event of a reversal.
The post Solana (SOL) Skyrockets to a 25-Month High; Is a Correction Looming? appeared first on Coin Edition.
SOL sees a 51% increase in 30 days, with predictions pointing towards $250.
RSI hits 80.50, signaling potential overbuying amid its bullish surge.
Solana (SOL) price has surged by 14% in the last 24 hours, reaching $173.27 as bullish momentum continues to build in the cryptocurrency market. This impressive gain is part of a broader uptrend for SOL, which has seen its value increase significantly over the past month.
The cryptocurrency industry, buoyed by Bitcoin’s new all-time high, has been experiencing a substantial uptrend in valuation, with SOL showcasing robust bullish sentiment.
SOL/USD 24-hour price chart (source: CoinStats)
Bullish Sentiments in Solana’s Rally
The recent price surge places Solana at the forefront of a bullish wave sweeping across the crypto sector. Over the past seven days, the SOL token has registered approximately a 23% increase, while its 30-day performance shows an even more remarkable 51% uptick.
This sustained buying pressure is a clear indicator of the growing investor confidence in Solana’s potential. Concurrently, this bullish momentum has been buoyed by the announcement of an Israeli Shekel-backed stablecoin, BILS, which will launch using token extensions on Solana.
This uptrend has resulted in Solana recording a new 25-month high, signaling strong bullish sentiment within the market. Analysts and traders have expressed bullish predictions for SOL, with some forecasting a potential rally toward the $250 mark. This sentiment is based on the transformation of the March 2022 resistance level of around $140 into a strong support zone.
$SOL now based and fuel up for leg to $250. https://t.co/nIpcbScR4j pic.twitter.com/IP1CidZfyw
— Bob Loukas 🗽 (@BobLoukas) March 13, 2024
Furthermore, the SOL/ETH chart analysis indicates a promising scenario for Solana against Ethereum, with the potential for substantial outperformance. Christopher Inks, founder of TexasWest Capital, and macro expert Raoul Pal have both identified technical patterns suggesting a breakout and bullish momentum for SOL in comparison to ETH. These analyses contribute to the growing optimism surrounding Solana’s market position and potential for further appreciation.
SOL/USD Technical Analysis
On the SOLUSD 4-hour price chart, the Keltner Channel bands are rising, with the upper, middle, and lower bands at $167.90, $156.57, and $145.22, respectively. This suggests a strong upward trend in price movement, with probable resistance at the upper band and support in the middle band.
SOL/USD 4-hour price chart (source: TradingView)
However, following a sequence of green candlesticks, the price action has breached the upper band, indicating that the bullish trend may continue. However, because it is above the upper band, there is a chance of a retreat or consolidation before a further upward trend. This shift may provide a purchasing opportunity for traders trying to enter the market at a cheaper price point.
Furthermore, the Relative Strength Index (RSI) reading of 80.50 indicates that SOLUSD may be overbought in the immediate term, implying a market reversal or correction. As a result, traders should exercise caution and implement tight stop-loss orders to safeguard profits in the event of a reversal.
The post Solana (SOL) Skyrockets to a 25-Month High; Is a Correction Looming? appeared first on Coin Edition.
watch out for the new with binance square get updates and latest news follow the link below.
#Master101
#Master101
LIVE
Binance News
--
Clave Raises $1.6 Million in Pre-Seed Funding Round Led by Matter Labs
According to Foresight News, Clave, an intelligent contract wallet platform based on account abstraction, has announced the completion of a $1.6 million Pre-Seed funding round. The round was led by Matter Labs, with participation from LambdaClass, Safe (formerly known as Gnosis Safe), and Mirana Ventures.
Clave aims to change the way users interact with blockchain through transaction simulators such as 'intent', session key modules, and security modules. The new funds will be used to accelerate the development of zkSync software. Additionally, Clave plans to promote the activation of EIP-7212 in the Ethereum community after ETHDenver.
Clave aims to change the way users interact with blockchain through transaction simulators such as 'intent', session key modules, and security modules. The new funds will be used to accelerate the development of zkSync software. Additionally, Clave plans to promote the activation of EIP-7212 in the Ethereum community after ETHDenver.
binance
LIVE
Binance News
--
Insomniac Games Hacked: Confidential Data Leaked and Ransom Demanded
According to Decrypt, cyberattackers hacked into Sony game studio Insomniac Games and demanded a ransom of 50 Bitcoin ($2 million at the time) to prevent the leak of over a terabyte of confidential data. Despite the ransom demand, only 2% of the leaked data was sold, and the remaining 98% was published, according to a report from CyberDaily. The leaked data includes files from the studio's Spider-Man 2 game, a three-game X-Men contract between Sony and Marvel signed in 2021, and personal employee documents such as I-9 forms and passport scans.
The Wolverine game, part of the leaked contract, is currently expected to release in 2026. Other planned games revealed in the leak include Venom, Spider-Man 3, a new Ratchet & Clank game, and an X-Men game. Leaked Wolverine game footage shows a third-person point of view and various gameplay features. The Venom game, according to the leaks, will be set in a timeline between Spider-Man 2 and 3 and offer an 8-10 hour gameplay experience with 12 missions and three boss fights. The leaks also state that Sony, through Insomniac, has a budget of $120 million for each game and expects to make millions in net profits from each title.
The hacker group Rhysida claimed responsibility for the ransom attack and subsequent leak, stating that money was their only motivation and that developers making games like this would be an easy target. The hackers claimed that it took them only 20-25 minutes to breach Sony's system to obtain the Insomniac data. Sony has not responded to Decrypt's requests for comment.
The Wolverine game, part of the leaked contract, is currently expected to release in 2026. Other planned games revealed in the leak include Venom, Spider-Man 3, a new Ratchet & Clank game, and an X-Men game. Leaked Wolverine game footage shows a third-person point of view and various gameplay features. The Venom game, according to the leaks, will be set in a timeline between Spider-Man 2 and 3 and offer an 8-10 hour gameplay experience with 12 missions and three boss fights. The leaks also state that Sony, through Insomniac, has a budget of $120 million for each game and expects to make millions in net profits from each title.
The hacker group Rhysida claimed responsibility for the ransom attack and subsequent leak, stating that money was their only motivation and that developers making games like this would be an easy target. The hackers claimed that it took them only 20-25 minutes to breach Sony's system to obtain the Insomniac data. Sony has not responded to Decrypt's requests for comment.
check
LIVE
Voice Of Crypto
--
Daily Market Report, 19 December
The bulls have retaken control today, much to the surprise of the bears.
The total crypto market cap has risen by more than 3% over the last day, to hit $1.61 trillion once again, while Bitcoin made another attempt at $43,000.
Overall, the crypto market is almost completely green, as shown here:
The crypto market's liquidation heatmap looks like a mix of red and greens, but the bulls, for some reason, have suffered more liquidations than the bears, despite the market's general bullishness today.
Overall, the total amount of liquidated funds sits at around $223 million, but the bulls have taken a $125 million beating out of the total, leaving the bears with about $95 million.
Liquidations may have affected the market in strange ways over the last day, but the market is currently bullish.
Bitcoin Rebounds Off $40,000
Twice now, Bitcoin has rebounded off the $40,000 support (red line below).
is now rallying again today and is even up by about 4%. The cryptocurrency currently trades at around $42,900 and may be close to retesting or even breaking above $45,000.
However, there may be a possibility of the current rally being a bull trap, where bulls are lured in before a final correction.
Ethereum: Saved By The Bulls
According to the charts, Ethereum lost its standing below $2,150. However, the bulls quickly stepped in and pushed the cryptocurrency, saving it from an almost inevitable slump.
The cryptocurrency is changing hands at around $2,243 at the time of writing and is up by about 2.8% at the time of writing.
This might be Ethereum’s attempt at hitting the $2,400 zone again and possibly breaking through. However, we will never know, until the cryptocurrency rises above 14 December’s $2,332 to form a new higher high.
SEI Is Up To Something
SEI is quickly becoming one of the best-performing cryptocurrencies on the market. According to Binance's rankings, SEI is the 3rd largest gainer over the last day, and is up by about 39% at the time of writing, while trading at $0.342.
In the charts, SEI has broken through 6 December's $0.3133 high and is currently forming a new one at the time of writing.
If the bulls can keep up this momentum, it would mean that SEI can still move up by about 41% to hit the $0.48 high it started at during its listing on Binance.
Can IOTX Continue Upwards?
Binance’s rankings show that IOTX is the 4th largest gainer at the time of writing, with a 24-hour price increase of 24%.
IOTX currently trades at around $0.05268, after breaking out around $0.02347 and rebounding off the descending trendline above.
The current rally on IOTX has brought it face to face with the $0.05268 resistance, and the question now is: will a breakout happen at this point?
If a breakout does happen, we might see IOTX rally by a further 24% to $0.06437 or close. If not, we may see a decline straight down to $0.04467.
VeChain (VET) Is About To Break Through This Resistance
VeChain has been stuck under the $0.0329 resistance since May 2022. However, at the time of writing, VET is up by about 3% over the last day and is on the verge of breaking above this resistance to the upside.
If a break above this zone occurs, VeChain has the potential to rally by another 30% to $0.045
#BTC #ETH #SEI #IOTX #VET
$VET $IOTX $SEI
The total crypto market cap has risen by more than 3% over the last day, to hit $1.61 trillion once again, while Bitcoin made another attempt at $43,000.
Overall, the crypto market is almost completely green, as shown here:
The crypto market's liquidation heatmap looks like a mix of red and greens, but the bulls, for some reason, have suffered more liquidations than the bears, despite the market's general bullishness today.
Overall, the total amount of liquidated funds sits at around $223 million, but the bulls have taken a $125 million beating out of the total, leaving the bears with about $95 million.
Liquidations may have affected the market in strange ways over the last day, but the market is currently bullish.
Bitcoin Rebounds Off $40,000
Twice now, Bitcoin has rebounded off the $40,000 support (red line below).
is now rallying again today and is even up by about 4%. The cryptocurrency currently trades at around $42,900 and may be close to retesting or even breaking above $45,000.
However, there may be a possibility of the current rally being a bull trap, where bulls are lured in before a final correction.
Ethereum: Saved By The Bulls
According to the charts, Ethereum lost its standing below $2,150. However, the bulls quickly stepped in and pushed the cryptocurrency, saving it from an almost inevitable slump.
The cryptocurrency is changing hands at around $2,243 at the time of writing and is up by about 2.8% at the time of writing.
This might be Ethereum’s attempt at hitting the $2,400 zone again and possibly breaking through. However, we will never know, until the cryptocurrency rises above 14 December’s $2,332 to form a new higher high.
SEI Is Up To Something
SEI is quickly becoming one of the best-performing cryptocurrencies on the market. According to Binance's rankings, SEI is the 3rd largest gainer over the last day, and is up by about 39% at the time of writing, while trading at $0.342.
In the charts, SEI has broken through 6 December's $0.3133 high and is currently forming a new one at the time of writing.
If the bulls can keep up this momentum, it would mean that SEI can still move up by about 41% to hit the $0.48 high it started at during its listing on Binance.
Can IOTX Continue Upwards?
Binance’s rankings show that IOTX is the 4th largest gainer at the time of writing, with a 24-hour price increase of 24%.
IOTX currently trades at around $0.05268, after breaking out around $0.02347 and rebounding off the descending trendline above.
The current rally on IOTX has brought it face to face with the $0.05268 resistance, and the question now is: will a breakout happen at this point?
If a breakout does happen, we might see IOTX rally by a further 24% to $0.06437 or close. If not, we may see a decline straight down to $0.04467.
VeChain (VET) Is About To Break Through This Resistance
VeChain has been stuck under the $0.0329 resistance since May 2022. However, at the time of writing, VET is up by about 3% over the last day and is on the verge of breaking above this resistance to the upside.
If a break above this zone occurs, VeChain has the potential to rally by another 30% to $0.045
#BTC #ETH #SEI #IOTX #VET
$VET $IOTX $SEI
Subscribe and follow me here for more updates.
LIVE
Crypto Solutions
--
Binance to Introduce Bonk (BONK) Listing with Unique Seed Tag Application
In a significant move for crypto enthusiasts, Binance is gearing up to list Bonk (BONK), marking a strategic step in the ever-evolving landscape of digital assets. Scheduled to commence spot trading on December 15, 2023, at 08:00 (UTC), the introduction of BONK on Binance brings forth exciting opportunities for traders worldwide.Spot Trading Pairs and DepositsBinance users can anticipate the availability of spot trading pairs, including BONK/USDT, BONK/FDUSD, and BONK/TRY. The deposit option for BONK is already open, allowing users to prepare for trading activities.Withdrawals and Listing FeeCome December 16, 2023, at 08:00 (UTC), the withdrawal option for BONK will be activated, providing users with the flexibility to manage their assets. Notably, the listing fee for BONK stands at 0 BNB, offering a user-friendly approach to engaging with this new addition to the Binance platform.BONK as a Borrowable Asset on Isolated MarginIn an additional development, Binance is set to integrate BONK as a borrowable asset on Isolated Margin, introducing a new margin pair, BONK/USDT. This strategic move reflects Binance's commitment to expanding its offerings and catering to diverse trading preferences.Seed Tag ApplicationIt's essential to highlight that BONK will be distinguished with a Seed Tag. This designation underscores its classification as an innovative project, potentially exhibiting higher volatility and risks compared to other listed tokens on Binance.Understanding Bonk (BONK)BONK is recognized as the largest meme coin on Solana, created by an anonymous team. Its listing on Binance opens up new avenues for traders to engage with this unique digital asset.Risk Considerations and Seed Tag QuizzesAs a reminder, traders are urged to exercise caution when dealing with BONK, acknowledging its status as a relatively new token carrying higher-than-normal risk. It is advised to conduct thorough research on BONK's fundamentals and fully comprehend the project before participating in trading activities.The Seed Tag, an emblem of innovative projects with potential volatility and risks, will be applied to BONK. Traders seeking access to tokens with Seed Tags are required to pass corresponding quizzes every 90 days on Binance Spot and/or Binance Margin platforms. This ensures users are aware of associated risks before engaging in transactions with tokens carrying Seed Tags. The Seed Tags, along with a risk warning banner, will be prominently displayed on relevant Binance pages.ConclusionBinance's decision to list Bonk (BONK) reflects the platform's commitment to providing a diverse range of digital assets while prioritizing user awareness and risk management. The introduction of BONK with its unique Seed Tag marks a notable chapter in Binance's ongoing efforts to evolve and meet the dynamic demands of the crypto community. Traders are encouraged to stay informed, exercise due diligence, and embrace the opportunities presented by this latest addition to the Binance ecosystem. The crypto journey continues with BONK on board.#BinanceListing #BONK #cryptosolutions
news today
LIVE
Binance News
--
Over 75% Of Web3 Games Fail Due To Declining User Interest, Study Finds
According to CryptoPotato, a study by crypto data aggregator CoinGecko has found that more than 75% of all Web3 games launched since 2017 have become inactive due to declining user interest. The study evaluated 2,817 web3 games launched between 2018 and 2023, identifying the active projects as of November 27, 2023, based on insights from blockchain data platform Footprint Analytics. GameFi projects were considered inactive if their 14-day moving average number of active users slumped by 99% or more. The study found that roughly 2,127 Web3 games launched in the last five years have failed, with an average annual failure rate of 80.8% since 2018.
The success of some early web3 games like CryptoKitties in late 2017 led to the launch of several others and the popularity of play-to-earn (P2E) gaming. Around 422 games were pushed into the market in 2018; however, 307 failed that same year, accounting for a failure rate of 72.7%. Within the next two years, interest in GameFi reduced as the industry struggled with the crypto bear market. As a result, only 244 games were launched in 2019 and 2020, with 230 projects meeting their demise at respective failure rates of 94.3% and 94.2%.
On the back of the crypto bull run in 2021, the failure rate of Web3 games declined to 45.9%, with 339 projects becoming inactive in the same year. 2021’s rate is the lowest despite having one of the largest failed games in all the years. 2022 recorded the highest failure rate of 107.1% as the number of dead Web3 games more than doubled, hitting a yearly high of 742. This uptick could be attributed to the bite of the bear market that triggered the collapse of many other crypto projects. Meanwhile, around 509 GameFi projects have become inactive in 2023 at a failure rate of 70.7%. CoinGecko says the decline in failure rate could be a sign that the web3 space is stabilizing.
The success of some early web3 games like CryptoKitties in late 2017 led to the launch of several others and the popularity of play-to-earn (P2E) gaming. Around 422 games were pushed into the market in 2018; however, 307 failed that same year, accounting for a failure rate of 72.7%. Within the next two years, interest in GameFi reduced as the industry struggled with the crypto bear market. As a result, only 244 games were launched in 2019 and 2020, with 230 projects meeting their demise at respective failure rates of 94.3% and 94.2%.
On the back of the crypto bull run in 2021, the failure rate of Web3 games declined to 45.9%, with 339 projects becoming inactive in the same year. 2021’s rate is the lowest despite having one of the largest failed games in all the years. 2022 recorded the highest failure rate of 107.1% as the number of dead Web3 games more than doubled, hitting a yearly high of 742. This uptick could be attributed to the bite of the bear market that triggered the collapse of many other crypto projects. Meanwhile, around 509 GameFi projects have become inactive in 2023 at a failure rate of 70.7%. CoinGecko says the decline in failure rate could be a sign that the web3 space is stabilizing.
Since ChatGPT and OpenAI initiated rapid AI growth late last year, demand for NVIDIA's semiconductor chips has soared, with the company's stock up 226% year to date.
check my blog post for recent news updates!
check my blog post for recent news updates!
LIVE
Binance News
--
Northern Data Spends $360 Million on GPUs for Cloud Computing and AI Integration
According to CryptoPotato, German data center and Bitcoin mining operator Northern Data has invested $360 million in GPUs to enhance its cloud computing services. This move indicates a growing integration of Bitcoin miners into the AI sector, where industry firms can take advantage of existing infrastructure and economies of scale. Northern Data's AI-focused subsidiary, Taiga Cloud, announced the purchase in a press release on Wednesday. The investment, worth 330 million euros, secured the company 384 cabinets of HPE Cray XD supercomputers, equipped with approximately 8,200 NVIDIA H100 Tensor Core GPUs in total.
Taiga Cloud's customers will have access to purpose-built HPE technology for generative AI innovations that deliver the scale and performance of a supercomputer required for a growing market of compute-intensive AI workloads. This investment follows Northern Data's separate purchase of 10,000 NVIDIA cloud GPUs in September, with support from Tether, the world's largest stablecoin issuer. Tether owns a partial stake in Northern Data and provided the company with a $609 million debt financing facility earlier this month. Northern Data also stated that its AI cloud facilities are 100% carbon neutral, addressing energy-related concerns that affect AI and data centers and Bitcoin miners alike. Earlier this month, Northern Data began construction of a 30MW mining facility in North Dakota.
Since ChatGPT and OpenAI initiated rapid AI growth late last year, demand for NVIDIA's semiconductor chips has soared, with the company's stock up 226% year to date. Among the many eager customers are Bitcoin mining companies, which already possess the data centers, cooling facilities, and access to affordable energy needed to operate a cloud computing service at scale. The only missing component is the chips themselves, as the computers used to mine BTC (ASICs) are not suitable for much else. Public mining firm Iris Energy announced a revitalization of its high-performance computing data center strategy in June, while HIVE Digital began repurposing its old Ethereum mining rigs after the Merge to serve the same purpose. Experts have observed that HPC services are far more profitable per unit of energy compared to BTC mining, which is more compatible with balancing energy grids and utilizing renewable energy sources.
Taiga Cloud's customers will have access to purpose-built HPE technology for generative AI innovations that deliver the scale and performance of a supercomputer required for a growing market of compute-intensive AI workloads. This investment follows Northern Data's separate purchase of 10,000 NVIDIA cloud GPUs in September, with support from Tether, the world's largest stablecoin issuer. Tether owns a partial stake in Northern Data and provided the company with a $609 million debt financing facility earlier this month. Northern Data also stated that its AI cloud facilities are 100% carbon neutral, addressing energy-related concerns that affect AI and data centers and Bitcoin miners alike. Earlier this month, Northern Data began construction of a 30MW mining facility in North Dakota.
Since ChatGPT and OpenAI initiated rapid AI growth late last year, demand for NVIDIA's semiconductor chips has soared, with the company's stock up 226% year to date. Among the many eager customers are Bitcoin mining companies, which already possess the data centers, cooling facilities, and access to affordable energy needed to operate a cloud computing service at scale. The only missing component is the chips themselves, as the computers used to mine BTC (ASICs) are not suitable for much else. Public mining firm Iris Energy announced a revitalization of its high-performance computing data center strategy in June, while HIVE Digital began repurposing its old Ethereum mining rigs after the Merge to serve the same purpose. Experts have observed that HPC services are far more profitable per unit of energy compared to BTC mining, which is more compatible with balancing energy grids and utilizing renewable energy sources.
Happy festival filled.
LIVE
CZ
--
Wishing you and your loved ones a festival filled with joy, light, and prosperity. May the glow of diyas illuminate your path with happiness and success. May this Diwali bring warmth to your home and fill your heart with the spirit of love and kindness.
Happy Diwali! 🪔✨
Happy Diwali! 🪔✨
Friend.tech Users' Private Keys Stolen Through Telegram Bot.
LIVE
Binance News
--
Friend.tech Users' Private Keys Stolen Through Telegram Bot
According to Foresight News, SlowMist founder Yu Xian reported that two friend.tech users' private keys were stolen this morning, both involving the use of the FriendSniper Telegram Bot. Previously, SlowMist successfully intercepted thefts that were also suspected to be caused by the leaking of private keys through this bot.
An $800 digital picture frame that can connect to wallets and display NFTs. read the article to be updated of the NFT fearure. just hit follow in the name above. :)
$ETH $BNB
$NFT $Grey
$ETH $BNB
$NFT $Grey
LIVE
Binance News
--
NETGEAR Partners with SuperRare for Meural Opus Digital Picture Frames to Display NFTs
According to Blockworks, wireless provider NETGEAR has collaborated with SuperRare for its Meural Opus, an $800 digital picture frame that can connect to wallets and display NFTs. NETGEAR acquired Meural and its smart frame technology in 2018 and made a significant move into the NFT market in 2022, partnering with Metamask and joining SuperRare's DAO. The launch combines a growing market and a shrinking one, as Persistence Market Research predicts smart frames to grow by 3.1% annually over the next decade, while the NFT market continues to decline.
The Meural Opus is not just a smart frame with NFT functionality added; NETGEAR's website promotes the product as a new way to showcase NFTs and teases the company's upcoming crypto culture-inspired NFT drop. Poppy Simpson, senior product and content manager for NETGEAR's Meural line, believes in the future of NFTs despite the current downturn, stating that the market adjustment is just that, an adjustment. She also mentioned that their research suggests relative stability in terms of price and volume in the art segment of the market.
In other news, SocialScan aims to transform a block explorer like Etherscan into a social platform, allowing wallet owners to follow and message each other. Additionally, Italian soccer club AC Milan sold one-yard by one-yard blockchain-based squares on its field, with owners of the blocks earning rewards if something notable happens on their plot. NFT volumes have risen for four consecutive weeks after reaching a low in early October.
The Meural Opus is not just a smart frame with NFT functionality added; NETGEAR's website promotes the product as a new way to showcase NFTs and teases the company's upcoming crypto culture-inspired NFT drop. Poppy Simpson, senior product and content manager for NETGEAR's Meural line, believes in the future of NFTs despite the current downturn, stating that the market adjustment is just that, an adjustment. She also mentioned that their research suggests relative stability in terms of price and volume in the art segment of the market.
In other news, SocialScan aims to transform a block explorer like Etherscan into a social platform, allowing wallet owners to follow and message each other. Additionally, Italian soccer club AC Milan sold one-yard by one-yard blockchain-based squares on its field, with owners of the blocks earning rewards if something notable happens on their plot. NFT volumes have risen for four consecutive weeks after reaching a low in early October.
kbc reward 800,000
Quoted content has been removed
some socials platform will be unavailable. check for updates. follow and subscribe.
$BTC
$ETH
$BNB
$Grey
$BTC
$ETH
$BNB
$Grey
LIVE
Binance News
--
Telegram Bot Project Maestro Attacked, Hackers Transfer 280 ETH to Railgun
According to a recent revelation by BlockBeats, the Telegram Bot project, Maestro, suffered a security breach in which hackers exploited a vulnerability in its router. The attack, which took place on October 25, resulted in the transfer of 280 Ether (ETH) to Railgun, totaling approximately $500,000.
Immediately upon discovering the breach, the Maestro team disabled all functionalities of the compromised router to mitigate the damage. The team has since identified and rectified the vulnerability, restoring normal transaction operations.
However, tokens in the SushiSwap, ShibaSwap, and Ethereum PancakeSwap pools are currently unavailable. The team pledges to process refunds for the affected users swiftly.
According to Paidun's monitoring, the stolen ETH were transferred to Railgun from a phishing address that exploited contract vulnerabilities on Maestro.
Security breaches like these highlight the importance of stringent cybersecurity measures, regular audits, and instant responsive actions in the world of blockchain and cryptocurrency. The Maestro team's prompt response managed to limit the attack's scope and reduce potential damage.
Immediately upon discovering the breach, the Maestro team disabled all functionalities of the compromised router to mitigate the damage. The team has since identified and rectified the vulnerability, restoring normal transaction operations.
However, tokens in the SushiSwap, ShibaSwap, and Ethereum PancakeSwap pools are currently unavailable. The team pledges to process refunds for the affected users swiftly.
According to Paidun's monitoring, the stolen ETH were transferred to Railgun from a phishing address that exploited contract vulnerabilities on Maestro.
Security breaches like these highlight the importance of stringent cybersecurity measures, regular audits, and instant responsive actions in the world of blockchain and cryptocurrency. The Maestro team's prompt response managed to limit the attack's scope and reduce potential damage.
$10 million ftx move over winterminute saysn crypto potato. check the link below for more updates.
LIVE
CryptoPotato
--
FTX Moves Over $10 Million in Crypto to Wintermute: Data
In an intriguing demonstration of cryptocurrency activity, FTX-associated addresses have transferred $10.49 million in different assets to Wintermute’s deposit addresses on Binance and Coinbase within recent hours.
According to Arkham Intelligence data, significant amounts of crypto were moved in a sequence of transactions, suggesting FTX’s exploration of investment diversification strategies.
FTX Massive Fund Movements
According to data analysis from the platform Arkham Intelligence, the large deposits associated with FTX consist of substantial amounts of Ethereum, MKR, LINK, and AAVE.
The analysts observed cryptocurrency movements between Alameda, FTX, Binance, and Coinbase wallets in the hours before writing this report.
The initial transaction a few hours ago involved the transfer of 2,904 ETH valued at $5.18 million from a crypto wallet (0x8c8Caa) to the known Wintermute address (0xde9A61).
In the subsequent transaction, approximately 1,904 ETH worth about $3.38 million was moved from this Wintermute address to Wintermute Binance. The remaining Ethereum, totaling 999.9 ETH worth $1.78 million, was also transferred from the Wintermute address and deposited into Coinbase.
Following this, three test transactions were conducted from Alameda Research Wallets, involving transfers of three LINK, 0.4 AAVE, and 0.02 MKR, respectively, to the Wintermute address.
After the completion of the test transfers, approximately 1,341K MKR tokens worth $2.02 million were moved from the FTX Cold Storage address to the Wintermute address.
Additionally, Alameda Research Wallet transferred approximately 198,000 LINK worth $2.26 million, and 11,974 AAVE worth $1.03 million moved from FTX Cold Storage to address 0xde9A61. During this period, there were also test trades involving RNDR and COMP tokens.
The Wintermute address subsequently transferred 98,807 LINK, 11,974 AAVE, and 1,341 MKR to Wintermute Binance wallets. In total, 2,904 ETH ($5.18 million), 1,341 MKR ($2.02 million), 198,000 LINK ($2.26 million), and 12,000 AAVE ($1.03 million) were transferred between Wintermute, FTX, Alameda, Binance, and Coinbase.
FTX Expands Investment Portfolio with Diverse Ventures
Wintermute, renowned as a leading global crypto trading network, received a substantial amount of tokens as FTX allocated some of its remaining assets.
Recently, FTX and Alameda transferred $170 million in cryptocurrencies, such as SOL, ETH, and MATIC, to different pools for staking, resulting in anticipated high profits.
FTX, with its vast crypto holdings worth $3.4 billion, continues actively seeking investment opportunities. Meanwhile, ongoing legal disputes persist between regulatory bodies, FTX, its founder, and former management.
The post FTX Moves Over $10 Million in Crypto to Wintermute: Data appeared first on CryptoPotato.
According to Arkham Intelligence data, significant amounts of crypto were moved in a sequence of transactions, suggesting FTX’s exploration of investment diversification strategies.
FTX Massive Fund Movements
According to data analysis from the platform Arkham Intelligence, the large deposits associated with FTX consist of substantial amounts of Ethereum, MKR, LINK, and AAVE.
The analysts observed cryptocurrency movements between Alameda, FTX, Binance, and Coinbase wallets in the hours before writing this report.
The initial transaction a few hours ago involved the transfer of 2,904 ETH valued at $5.18 million from a crypto wallet (0x8c8Caa) to the known Wintermute address (0xde9A61).
In the subsequent transaction, approximately 1,904 ETH worth about $3.38 million was moved from this Wintermute address to Wintermute Binance. The remaining Ethereum, totaling 999.9 ETH worth $1.78 million, was also transferred from the Wintermute address and deposited into Coinbase.
Following this, three test transactions were conducted from Alameda Research Wallets, involving transfers of three LINK, 0.4 AAVE, and 0.02 MKR, respectively, to the Wintermute address.
After the completion of the test transfers, approximately 1,341K MKR tokens worth $2.02 million were moved from the FTX Cold Storage address to the Wintermute address.
Additionally, Alameda Research Wallet transferred approximately 198,000 LINK worth $2.26 million, and 11,974 AAVE worth $1.03 million moved from FTX Cold Storage to address 0xde9A61. During this period, there were also test trades involving RNDR and COMP tokens.
The Wintermute address subsequently transferred 98,807 LINK, 11,974 AAVE, and 1,341 MKR to Wintermute Binance wallets. In total, 2,904 ETH ($5.18 million), 1,341 MKR ($2.02 million), 198,000 LINK ($2.26 million), and 12,000 AAVE ($1.03 million) were transferred between Wintermute, FTX, Alameda, Binance, and Coinbase.
FTX Expands Investment Portfolio with Diverse Ventures
Wintermute, renowned as a leading global crypto trading network, received a substantial amount of tokens as FTX allocated some of its remaining assets.
Recently, FTX and Alameda transferred $170 million in cryptocurrencies, such as SOL, ETH, and MATIC, to different pools for staking, resulting in anticipated high profits.
FTX, with its vast crypto holdings worth $3.4 billion, continues actively seeking investment opportunities. Meanwhile, ongoing legal disputes persist between regulatory bodies, FTX, its founder, and former management.
The post FTX Moves Over $10 Million in Crypto to Wintermute: Data appeared first on CryptoPotato.