Having quick gains by buying/selling meme tokens can be profitable but it comes with a huge risk of losing all your money.
If you're looking for long term investments into the crypto space, here is a strategy that might help and hope you find it useful.
1. Diversification: Spread your investments across a range of different cryptocurrencies. Avoid putting all your funds into a single coin. Diversification helps mitigate risk if one project underperforms.
July's CPI inflation report shows headline inflation increased from 3.0% to 3.2%, while core inflation fell from 4.8% to 4.7%. Food inflation is at 4.9%. Energy prices are down 12.5%.
CPI inflation report for July: headline inflation increased to 3.2% and core inflation fell to 4.7%.
Core inflation remains sticky in the 4-5% range.
The Federal Reserve prefers to use core inflation as their gauge, and 4.7% is above their target of 2%.
Food inflation up 4.9 percent, energy down 12.5 perc
Crypto tip of the day: Always remember, DYOR - Do your own research - before making an investment. Never trust implicitly, don't give into FOMO, always verify. #Binance #crypto2023
SEC charges Richard Heart, founder of Hex, for misappropriating millions in $1 billion crypto raise
Richard Heart, the founder of the controversial cryptocurrency project Hex, has been charged by the SEC for conducting unregistered crypto asset security offerings, misappropriating funds, and fraudulently selling the security.
The SEC alleges that Heart raised over $1 billion from investors and evaded securities laws by asking them to "sacrifice" crypto assets instead of investing. It is claimed that Heart spent some of the investors' funds on luxury items, including sports cars and a large d
In volatile market situations, always remember the popular crypto saying 'HODL' - Hold on for dear life. Emphasises the importance of patience in turning a profit! (Only after doing your research and not HODL everything that can't make it) #BTC #Binance #BNB #ETH
BNB Chain noted that the rise in verified smart contracts highlights the demand for security, reliability and scalability. #BNB #bsc #Binance #crypto2023
German political parties split on how to regulate increasing AI adoption
As the trilogue on the AI Act begins, the European Commission, German politicians, and digital experts express skepticism and make new demands. #AI #Binance #BTC
Now, let's explore the exciting world of altcoins and DeFi (Decentralized Finance)
Altcoins are cryptocurrencies other than Bitcoin. Some are designed for specific use cases or to improve upon Bitcoin's limitations. Research before investing.
DeFi refers to a set of financial services built on blockchain technology, offering decentralized alternatives to traditional finance. It's a rapidly growing sector in crypto.
Yield farming is a popular DeFi activity where users lend or provide liquidity to decentralized platforms in return for rewards. It can be profitable but also
Ready for the next step in your crypto journey? Let's dive deeper into investing and trading.
Investing in cryptocurrency can be rewarding, but it comes with risks. Only invest what you can afford to lose and diversify your portfolio to spread risk.
Do your research before investing in any crypto. Understand the project, team, and technology behind it. Knowledge is power in the crypto space.
Trading cryptocurrencies involves buying and selling based on price movements. Develop a strategy, set realistic goals, and never let emotions drive your decisions.
Ripple applies for crypto license in the United Kingdom
Ripple applied for a registration as a crypto asset firm with the United Kingdom's Financial Conduct Authority (FCA) after its partial win against the U.S. SEC. #BTC #XRP #BNB #Binance
➡️ SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit.
➡️According to court documents, the SEC stated that it is now “considering the various available avenues for further review” on the ruling which found XRP to not be a security. #sec #XRP #BTC #Binance #BNB