The world's biggest cryptocurrency exchange, Binance, has invested in Blum, a decentralized exchange (DEX) that is seamlessly connected with Telegram, through Binance Labs, its venture capital division. Blum's development will be accelerated by this calculated investment, which will also greatly increase its awareness within the international cryptocurrency community. However, what is Blum precisely, and why is there such a buzz about it?
Quick Development and Special Qualities of Blum
Blum, which debuted on April 19, quickly gained recognition in the cryptocurrency community for its distinctive strategy. Over 100,000 people signed up in less than a day, demonstrating the platform's popularity. Blum is integrated within Telegram, one of the most popular messaging programs in the world with over 950 million monthly users, as opposed to traditional exchanges. Blum has unmatched access to a large potential audience thanks to this connection.
With 18 million active users every day, Blum now has over 60 million registered users. Its impressive rise to the top three most widely used cryptocurrency platforms globally is evidence of its ability to effectively utilize Telegram's ecosystem.
Even though Blum is a decentralized exchange, it has a tap-to-earn engagement mechanism where users may get incentives for completing easy tasks like watching films or connecting their TON wallets. More than 30% of users have already connected to their wallets thanks to this gamified interaction approach, which has greatly increased user participation. Blum now has an astonishing 22 million subscribers to his Telegram channel.
Excited Airdrop
The excitement in the community is now concentrated on Blum's September 20 airdrop event. The $Blum token will be launched on Binance and other significant cryptocurrency exchanges after the airdrop, with an anticipated beginning price of $0.1667. Without a doubt, Blum's market visibility will increase as a result of this listing, drawing in additional users and investors.
With the impending release of its memepad featureâwhich will let users mint and trade tokens live on the platformâBlum's future appears even more promising. To increase its popularity, Blum has also forged strategic alliances with leading cryptocurrency platforms like 0KX, vybit, and vitget and collaborated with well-known musicians and rappers.
Methodical Approach
Blum stands out because to its hybrid design. It gives users the convenience of accessing the platform directly within Telegram, while combining the greatest features of decentralized and controlled exchanges. Because of this, customers won't need to open several apps to switch between texting and trading, which drastically lowers acquisition costs and boosts user engagement.
Blum is poised to upend the cryptocurrency exchange market with its novel model, supported by Binance Labs and other well-known investors. Blum has the ability to change the direction of decentralized finance (DeFi) globally as it grows.
With the airdrop just around the corner, all eyes are on Blum as it prepares to enter a new chapter. Whether you're a crypto enthusiast or just curious about the future of exchanges, Blum is one project you wonât want to miss!
That's it for today folks, Thanks for reading! For more insightful crypto content, Follow Me @Crypto PM Stay updated with the latest trends and analyses in the crypto world!
The cryptocurrency landscape is evolving rapidly, and nowhere is this more evident than in the Asia-Pacific region. Central & Southern Asia and Oceania (CSAO) are leading the charge in this transformation, with each country making significant strides in the digital asset space. A recent report by Chainalysis highlights this impressive growth, with CSAO accounting for over $750 billion in crypto inflows between July 2023 and June 2024. This is no small featâit represents 16.6% of the global value received, making the region the third-largest crypto market globally. Among these countries, India has emerged as a leader, demonstrating remarkable resilience and adaptability in the face of regulatory challenges. The Rise of Central & Southern Asia and Oceania (CSAO) The CSAO region has quickly risen to prominence in the global cryptocurrency space, thanks to its increasing user base and significant market activities. Countries like India, Singapore, and Indonesia have been at the forefront of this growth, with each nation carving out its unique place in the digital economy. According to the Chainalysis report, CSAO saw more than $750 billion in crypto inflows, solidifying its position as a major player. This has not only raised the region's profile but also set the stage for future growth as more countries and companies begin to embrace crypto technology. India Leads the Way in Crypto Adoption India is making headlines globally as one of the leading nations in grassroots crypto adoption. The countryâs vibrant crypto community is driven by a mix of retail investors, tech-savvy youth, and institutional players looking to tap into new markets. Despite regulatory hurdles, Indiaâs crypto adoption has continued to thrive, proving that innovation in finance cannot be easily curbed. This momentum has pushed India to the top of global crypto adoption rankings. Indian users have played a significant role in pushing crypto adoption further, using digital assets for various applications, from remittances to online transactions and investments. India's Crypto Landscape Amid Regulatory Challenges One of the biggest stories of Indiaâs crypto rise is how it has maintained momentum in the face of stringent regulatory policies. The Indian government imposed a 30% capital gains tax on all crypto transactions, alongside a 1% tax deducted at source (TDS). Many feared these measures would slow the market, but Indian crypto users have found ways to adapt. Despite the taxes, Indian users have not backed down. Instead, theyâve shown a remarkable level of resilience, proving that the potential of cryptocurrencies is too significant to be overshadowed by regulation. Indiaâs Resilience in the Face of Regulatory Pressures In December 2023, the Financial Intelligence Unit (FIU) issued notices to nine offshore exchanges for failing to comply with anti-money laundering laws. This was a brief setback for the Indian crypto market, but it didnât stop users from finding workarounds. Many investors and traders turned to decentralized finance (DeFi) platforms or peer-to-peer transactions to maintain their trading activities. The quick recovery showcases Indiaâs determination to remain at the forefront of the global crypto ecosystem, even when faced with policy hurdles. Singapore: Emerging Crypto Payment Hub Singapore, known for its forward-thinking financial infrastructure, has quickly emerged as a key player in the crypto payment space. Both retail and professional investors have shown growing interest in digital assets, and local startups are paving the way for broader adoption of crypto payment services. As crypto payment solutions gain popularity, Singapore is becoming a hub for innovation, with companies focusing on making everyday transactions seamless through digital currencies. Crypto Adoption in Everyday Life in Singapore Perhaps the most notable shift in Singaporeâs crypto scene is the growing use of cryptocurrencies for everyday purchases. In March 2024, super-app Grab made headlines by integrating crypto payments into its e-wallet. Now, users can top up their e-wallets using popular cryptocurrencies and stablecoins, marking a new era in digital payments within the city-state. Indonesiaâs Explosive Crypto Market Growth Indonesia is experiencing explosive growth in its crypto market, with a year-over-year increase of nearly 200%. This surge has been fueled by a growing interest in trading and investment opportunities. Indonesians, particularly younger investors, are eager to explore digital assets as a means of quick profits and long-term gains. Key Drivers of Crypto Growth in Indonesia The primary drivers behind Indonesiaâs rapid growth in crypto trading include a strong retail interest in speculative investments and a growing awareness of cryptocurrencies as alternative financial instruments. The rise of user-friendly trading platforms and increased accessibility to global markets has only accelerated this trend. The Role of Innovation in Crypto Adoption Innovation is at the heart of crypto adoption across CSAO. Technologies like decentralized finance (DeFi) and non-fungible tokens (NFTs) are gaining traction, offering users new ways to engage with digital assets. These developments are fueling both retail and institutional interest, driving adoption to new heights. Crypto Regulations Across Asia-Pacific The Asia-Pacific region presents a diverse landscape in terms of crypto regulations. While some countries, like Singapore, have embraced digital assets with clear regulatory frameworks, others are still in the process of developing comprehensive policies. Navigating these regulatory waters remains a challenge for crypto businesses and users alike. Crypto Education and Awareness in the Region Crypto education plays a crucial role in driving adoption in the CSAO region. Many governments and organizations are now focusing on educating their citizens about the benefits and risks of digital assets. This is essential for fostering a healthy and sustainable crypto ecosystem. Future Prospects for Crypto in CSAO The future looks promising for crypto in the CSAO region. As more countries embrace blockchain technology and crypto adoption, the potential for growth is immense. However, challenges such as regulatory uncertainties and market volatility will need to be addressed to ensure long-term success. Global Implications of CSAOâs Crypto Growth CSAOâs rise in the crypto world has global implications. The regionâs growth is setting trends that other parts of the world are likely to follow. From Indiaâs resilience to Singaporeâs innovative payment solutions, CSAO is influencing the global direction of crypto adoption and development. Conclusion The cryptocurrency boom in Central & Southern Asia and Oceania is reshaping the global digital asset market. India stands tall as a leader in grassroots crypto adoption, while Singapore and Indonesia showcase dynamic growth in payments and trading. As the region continues to evolve, its impact on the global crypto landscape is undeniable. --- FAQs 1. What makes India a leader in crypto adoption? Indiaâs tech-savvy population, combined with a strong interest in digital finance, has propelled it to the forefront of global crypto adoption. 2. How has Singapore embraced crypto payments? Singapore has become a hub for crypto payment solutions, with startups and established companies offering digital asset services for everyday transactions. 3. Why is Indonesiaâs crypto market growing so fast? Indonesiaâs rapid market growth is driven by retail interest in trading and speculative investments, fueled by increased accessibility to crypto platforms. 4. What are the regulatory challenges in CSAO? While some Countries like Singapore have clear regulatory frameworks; others are still developing policies, creating a mixed regulatory environment in the region. 5. Whatâs the future of crypto in Asia-Pacific? The future looks bright, with continued growth expected, but challenges like regulation and market volatility remain key factors to watch. --- That's it for today, folks, Thanks for reading! For more insightful crypto content, Follow Me @Crypto PM Stay updated with the latest trends and analyses in the crypto world!
My secret ? Rare prompts Everyone use twitter AI but only 1% know how to earn on it Here's how to build $30,000/month trading bot đ§”đ
Before Article start... âč Every day I spend 5+ hours writing crypto content. So, any support would means a lot for me. âč Make sure to follow me and bookmark it, so you won't lose it and future content as well. 1ïžâŁ New era of automating complex processes in trading HAS ALREADY BEGUN! âč Launch of Twitter's new AI - GROK has completely transformed the entire trading bot industry! âč Create your own trading bot now and earn from $20,000/month!
2ïžâŁ Grok - the new AI bot from Twitter is already generating huge profits for its users âč Recent tests have shown that it is significantly more profitable than its competitor - ChatGPT âč GROKâs database includes information from hundreds of closed sites, making it much more profitable!
3ïžâŁ To create your own bot, you donât need programming knowledge! âč By making the right request, the bot will do all the complex work for you! âč By following a few steps, you will easily create your first AI bot
4ïžâŁ Grok also has several advantages over ChatGPT: - WinRate over 85% - Large arsenal of tools - Increased speed of opening/closing trades
5ïžâŁ To start, set up the working environment for our trading bot: âč Go to #tradingview , then in the "Indicators" section search for - Bollinger Bands from Madrid âč This indicator will greatly improve the quality of your bot's positions
6ïžâŁ Next, proceed to set up the working space for the bot: âč Open the indicator settings and look for the source code, click "Create a working copy" âč Then specify the name of your working space
7ïžâŁ The next step - format our source code to version V5: âč Go to @tradingview , click the "More" button, then "Convert code" âč Repeat this action twice to achieve the desired version of the code
8ïžâŁ Before starting, understand the basic logic of the indicator: - When the price is below the Bollinger Bands - short position - When the price is above the Bollinger Bands - long position âč This is the best strategy that makes thousands of traders profitable every day! 9ïžâŁ An important step - writing the trading strategy for the bot: âč Grok will help with this, go to the AI, paste the source code, and describe the trading strategy in detail âč It is very important to specify all points such as: - Trading pair - Risk per trade - Trading tools
đ It is also important to add the function of outputting trade data in a separate window âč Create a request asking the AI to output data separately âč Combine the 2 parts of the code and proceed to set up the indicator
1ïžâŁ1ïžâŁ After obtaining the final code, properly add it to the indicator âč For this, paste the written code at the end of the indicatorâs source code âč Congratulations! Your trading bot is fully ready.
1ïžâŁ2ïžâŁ However, it is very important to test the trading system at the initial stage âč Allocate a small amount for testing your strategy âč If the strategyâs win rate < 70% - a new strategy needs to be written with the help of Grok
CONTENT SOURCE: RESPECTED 0xbeehive On X
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Vitalik Buterin: an instrument of the state? Millions of $ETH are being sold off, not by accident but rather on a whim. Is Ethereum about to crash, and what part does Buterin play in this?đ§”đ
Something's brewing... The huge $ETH sales are being attributed by users to Vitalik Buterin.
Ansem argues in favor of Buterin, stating that making a profit is acceptable and normal. Who is correct in this instance? Let us dissect it from the beginning. Let us bypass Buterin's early years and go straight to his 17th birthday. Buterin's father introduced him to Bitcoin in 2011 when he was this age. He then came across a person who paid him a sizable sum of Bitcoin in exchange for an article for their blog.
Vitalik Buterin joined "Bitcoin Magazine" as a co-founder and co-author in 2011. Vitalik was already very interested in the technical and business aspects of cryptocurrencies when the magazine was founded. He contributed numerous articles to the magazine.
In 2013, Buterin became more immersed in the crypto world and realized that Bitcoin was far from perfect. He developed and proposed his version of a blockchain called Ethereum, which would be faster and technically superior to Bitcoin. During the ICO in 2014, the project raised $18 million in investments. Early investors bought around 66% of the total token supply. As for Vitalik Buterin, he still holds approximately 275,000 ETH from the original crowdfunding campaign.
By 2015, the first version of Ethereum was launched. This allowed developers to experiment and run tests with smart contracts. Since then, the Ethereum blockchain has continued to evolve and remains one of the leading blockchain platforms today.
As for the FUD around the $ETH sale? The accusations against Vitalik Buterin stemmed from his recent sale of $ETH worth $2M, with people claiming it could negatively affect the price. Others went as far as criticizing Buterin for not explaining himself to the community. However, Vitalik Buterin did eventually comment on his actions. He explained that all the money from the sale was directed toward funding various projects. He emphasized that money doesnât interest himâitâs merely a tool for funding or charitable purposes.
While everyone was busy criticizing Buterin, Ansem, on the other hand, supported him, saying that taking some profit is perfectly normal.
Additionally, Vitalik Buterin stated that all the proceeds would be donated, either to support public goods in the Ethereum ecosystem or to broader charitable causes. Money truly doesn't interest him when you look at it from a rational perspective. Think about it...
If you think Buterin's $2M sale is critical, then maybe it's time to leave the crypto space. Itâs as if heâs expected to keep his funds forever in his wallet. Especially since the money was directed toward supporting projects and charity. That's it for today, folks. Thanks for reading! For more insightful crypto content, Follow Me @Crypto PM Stay updated with the latest trends and analyses in the crypto world!
The Rise of Crypto Tether and Its Impact on the U.S.
Introduction to Tether (USDT) Tether (USDT), a cryptocurrency with a fixed 1:1 ratio to the U.S. dollar, has become a dominant force in the crypto world. Itâs controlled by Tether Holdings, a private company based in the British Virgin Islands, and operates as a stablecoin. Stablecoins like Tether are designed to minimize volatility, unlike other cryptocurrencies such as Bitcoin or Ethereum, making them more appealing for daily transactions. However, while Tether has gained immense popularity, it has also become a tool for illicit activities, raising concerns among U.S. lawmakers and law enforcement.
How Tether Became a Leading Cryptocurrency Tetherâs 1:1 Ratio with the U.S. Dollar One of the main reasons Tether has become so widely used is its 1:1 peg to the U.S. dollar. For every USDT in circulation, Tether claims to hold an equivalent amount of U.S. dollar reserves. This makes it a stable alternative to highly volatile cryptocurrencies, acting as a bridge between fiat currencies and digital assets. The Popularity and Standardization of Tether In recent years, Tether has evolved into one of the most popular cryptocurrencies. In fact, in 2023, nearly as much money flowed through the Tether network as it did through Visa, a major global payment processor. Tether has been embraced for its simplicity, offering users a way to transfer value quickly and securely across borders, which has drawn in traders and institutional players alike. Tetherâs Role in the Global Financial System Outperforming Traditional Finance Giants Tetherâs growth is astonishing. In 2023 alone, it generated $6.2 billion in profits, outpacing even the world's largest asset manager, BlackRock, by $700 million. This rapid rise has catapulted Tether into the spotlight, positioning it as a major player in global finance, despite its relatively young existence. Comparison to Visa and BlackRock While Visa and BlackRock represent traditional financial powerhouses, Tetherâs success is a testament to how decentralized finance (DeFi) is rapidly changing the landscape. People no longer rely solely on credit cards or traditional asset managers to move or store their money. Instead, they are turning to stablecoins like Tether, which allows them to bypass conventional systems. How Tether is Purchased and Used Trading Firms and Individuals Buying USDT Tether can be bought electronically through various trading platforms. Firms and individuals exchange real-world dollars for USDT, giving them the flexibility to move funds digitally without being subject to the same regulations and checks as traditional financial systems. This has made Tether an attractive option for traders looking for liquidity, as well as for individuals seeking a reliable alternative to unstable national currencies. The Investment in U.S. Treasury Tether Holdings mainly uses the money it receives to purchase US Treasury bonds in order to support the value of USDT. Theoretically, Tether's link to US government bonds ensures its stability, thereby strengthening the notion that every USDT is backed by an actual asset. The Dark Side of Tether: Use by Illicit Players Evasion of U.S. Sanctions and Laws Unfortunately, Tetherâs ease of use and global reach have also attracted illicit actors, including Russian oligarchs, money launderers, and terrorist organizations like Hamas. Because Tether operates on decentralized, often unregulated networks, it enables bad actors to evade U.S. sanctions and other legal hurdles. Criminal Organizations Utilizing Tether Tether is becoming a go-to tool for those operating in the shadows. From money laundering operations to sanctioned entities, criminals prefer USDT because it can easily slip through regulatory cracks, providing an efficient way to move large sums of money without detection. The Unpoliced and Untraceable Nature of Tetherâs Market The Secondary Cryptocurrency Market A significant amount of Tetherâs trading happens on secondary markets, which are largely unpoliced. These markets allow users to buy and sell USDT with little to no oversight, making it easier for illicit transactions to occur. Digital Wallets and Lack of Oversight Tetherâs decentralized network relies heavily on digital wallets, which are not always subject to the same level of scrutiny as traditional bank accounts. This lack of oversight gives bad actors the freedom to move their funds across borders without triggering alarms from financial authorities. Tetherâs Attempts to Address Sanction Evasion Cooperation with Law Enforcement In response to concerns over its use by criminal organizations, Tether has stated that it cooperates with law enforcement agencies and has implemented measures to limit its use for illegal purposes. Upgrading Systems to Block Evasion Tether Holdings is also upgrading its systems to prevent users from evading sanctions. The company has already frozen digital wallets suspected of being involved in illegal activities, although its success rate has been questionable. The Ineffectiveness of Tetherâs Efforts to Track Bad Actors The Discrepancy in Wallet Blacklisting From 2018 to mid-2024, Tether blacklisted over 2,700 digital wallets, representing $153 billion in transactions. However, only $1.4 billion of these funds have been successfully frozen, highlighting the difficulty of policing such a vast and decentralized network. ChainArgos Report on Frozen Funds According to cryptocurrency data provider ChainArgos, Tetherâs efforts to freeze illegal funds have been lackluster. The companyâs inability to effectively track and block bad actors has further fueled concerns that Tether is enabling the very activities it claims to combat. Tetherâs Historical Growth: The Bull Run and Venezuela 2020-2021 Crypto Bull Run and Tetherâs Market Cap Tether first rose to prominence during the crypto bull run of 2020-2021, when its market capitalization skyrocketed from $4 billion to over $80 billion. The massive influx of capital into the crypto space highlighted the need for a stablecoin, and Tether was perfectly positioned to meet that demand. The Role of Venezuela in Elevating Tetherâs Demand In 2020 Venezuelaâs state oil firm, Petroleas de Venezuela (PdVSA), became one of Tetherâs biggest users after the U.S. sanctioned the company. Venezuelan President Nicolas Maduro authorized the use of Tether for oil payments, further increasing its demand. Russiaâs Increasing Reliance on Tether The Role of Tether in Russiaâs Financial Systems In Russia, Tether has gained widespread popularity as a tool for converting rubles into foreign currencies. With Western sanctions restricting access to traditional financial systems, Russians are turning to USDT as a workaround. Converting Rubles into Foreign Currency Using Tether Many Russian elites use Tether to bypass the limitations imposed by sanctions. By converting rubles into USDT, they can easily move money out of the country and into foreign accounts, far from the reach of Russian regulators. Tether in Venezuela: A Shield Against Inflation How Venezuelans Use Tether for Stability In Venezuela, where inflation has reached astronomical levels, Tether has become a lifeline for everyday citizens. By storing their wealth in USDT, they can avoid the hyperinflation that has plagued the countryâs national currency. Social Media Platforms and Cash Exchanges Platforms like Telegram have become hubs for Venezuelans looking to exchange Tether for cash. These transactions are often conducted in secret, making it difficult for the government to track the flow of funds. Tetherâs Legitimization Through Startups and Emerging Markets Tetherâs Investment in Georgian Startups In 2023, Tether CEO Paolo Ardoino visited Tbilisi, Georgia, to offer $25 million in investment to local crypto startups. This move further legitimized Tether, especially in emerging markets where traditional banking systems are less developed. Tetherâs Growing Presence in Emerging Economies As Tether continues to invest in startups across the globe, its presence in emerging economies is growing. For many businesses, especially in countries with unstable currencies, Tether offers a safe and reliable way to store and move money. The Future of Tether: Risk or Opportunity? Challenges Facing Tether Despite its success, Tether faces several challenges, including regulatory scrutiny and its association with illicit activities. As governments around the world crack down on crypto regulations, Tether may find itself under increasing pressure. Potential for Further Expansion in Global Markets However, thereâs no denying Tetherâs potential for continued growth. As more people and businesses in emerging markets adopt cryptocurrencies, Tether is likely to play an even more significant role in the global financial ecosystem. Conclusion: The Ongoing Controversy Around Tether Tetherâs rise to prominence has been both meteoric and controversial. While it offers immense value as a stablecoin, its association with illicit activities and its unregulated nature have made it a target for scrutiny. As the world continues to grapple with the complexities of cryptocurrency, Tetherâs future remains uncertain, but its impact on the global financial system is undeniable. --- Frequently Asked Questions (FAQs) What is Tether (USDT) and how does it work? Tether is a stablecoin that maintains a 1:1 value with the U.S. dollar. Itâs used to facilitate crypto transactions while minimizing the volatility often seen in other cryptocurrencies. Why is Tether controversial? Tether has been linked to illicit activities such as money laundering and sanctions evasion. Its lack of regulatory oversight has raised concerns among governments and law enforcement agencies. Can Tether be used for legal transactions? Yes, Tether is widely used for legal purposes, including trading and remittances. However, its decentralized nature also makes it attractive to criminals. How does Tether compare to other cryptocurrencies? Unlike Bitcoin or Ethereum, Tether is a stablecoin, meaning its value is tied to the U.S. dollar. This makes it less volatile and more suitable for daily transactions. What is the future of Tether? Tether faces several challenges, including regulatory scrutiny and its association with illicit activities. However, its widespread use and growing presence in emerging markets suggest it will continue to be a key player in the cryptocurrency world.
Created by Fantom, $10 million raised Expense: None Duration: 8 minutes Possibility: Extremely High Explore my comprehensive airdrop guide đđ§”
1ïžâŁ Introducing @0xSonicLabs Sonic is a layer-1 blockchain linked to Ethereum via a layer-2 bridge, boosting scalability, speed, and cost while ensuring security and liquidity.
2ïžâŁ Investments They've secured $10 million in funding from Hashed Fund, SoftBank, Signum Capital, and several additional investors.
3ïžâŁ Add new chain â Visit https://testnet.soniclabs.com/account. â Connect your wallet. â Click on "Add testnet to wallet". â Change network to Sonic.
4ïžâŁSonic faucet â Visit https://testnet.soniclabs.com/account. â Scroll down. â Connect your wallet. â Request the testnet tokens.
5ïžâŁ Swaps â On the same page find "Swap ERC-20". â Choose the tokens. â Click on "Swap". â Make 3-5 swaps per week.
6ïžâŁ DEX Swaps â Visit https://sonic-testnet.equalizer.exchange. â Connect your wallet. â Choose tokens to swap. â Make 3-5 swaps per week.
7ïžâŁ Galxe â Visit https://app.galxe.com/quest/SonicLabs/GCnGNtvdf5. â Connect your wallet. â Complete the tasks. â Farm points.
That's it for today folks, Thanks for reading! For more insightful crypto content, Follow Me @Crypto PM Stay updated with the latest trends and analyses in the crypto world!