Interest
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Binance Receives Court Approval to Place Customer Fiat Funds in US Treasury Bills: Filing 💵On July 19, a U.S. court granted Binance approval to invest customer funds into U.S. Treasury Bills. The United States District Court for the District of Columbia's order allows Binance to use a third-party investment manager for these investments, provided the funds are not reinvested back into Binance or its related entities. Binance is also required to include data on costs associated with these investments in its monthly business expenses and operations report.
#Interest #%
#Interest #%
💻ChatGPT tell me 5 interesting facts and lesser-known aspects about Bitcoin:
1.🤖
Satoshi Nakamoto's Identity: The true identity of Satoshi Nakamoto, the creator of Bitcoin, remains unknown. The name is believed to be a pseudonym used by the individual or group who developed Bitcoin. Despite many speculations, Nakamoto's identity has never been conclusively revealed.
2.🤖
Limited Supply: Bitcoin has a capped supply of 21 million coins. This scarcity is built into its code and is designed to mimic the scarcity of precious metals like gold. It's estimated that the last Bitcoin will be mined around the year 2140.
3.🤖
Lost Bitcoins: Due to the nature of private keys and wallets, it's estimated that a significant number of bitcoins have been lost forever. This can happen if people lose access to their private keys or forget the passwords to their wallets.
4.🤖
Pizza Day: On May 22, 2010, a programmer named Laszlo Hanyecz made the first real-world transaction using Bitcoin. He paid 10,000 bitcoins for two pizzas, making May 22nd celebrated as "Bitcoin Pizza Day."
5.🤖
Mining Power Consumption: Bitcoin mining, the process by which new bitcoins are created and transactions are added to the blockchain, requires a significant amount of computational power. As a result, Bitcoin mining operations collectively use a substantial amount of electricity.
Did you know about this?
Tell me below.
#bitcoin #Bitcoin/USDT. #Interest
1.🤖
Satoshi Nakamoto's Identity: The true identity of Satoshi Nakamoto, the creator of Bitcoin, remains unknown. The name is believed to be a pseudonym used by the individual or group who developed Bitcoin. Despite many speculations, Nakamoto's identity has never been conclusively revealed.
2.🤖
Limited Supply: Bitcoin has a capped supply of 21 million coins. This scarcity is built into its code and is designed to mimic the scarcity of precious metals like gold. It's estimated that the last Bitcoin will be mined around the year 2140.
3.🤖
Lost Bitcoins: Due to the nature of private keys and wallets, it's estimated that a significant number of bitcoins have been lost forever. This can happen if people lose access to their private keys or forget the passwords to their wallets.
4.🤖
Pizza Day: On May 22, 2010, a programmer named Laszlo Hanyecz made the first real-world transaction using Bitcoin. He paid 10,000 bitcoins for two pizzas, making May 22nd celebrated as "Bitcoin Pizza Day."
5.🤖
Mining Power Consumption: Bitcoin mining, the process by which new bitcoins are created and transactions are added to the blockchain, requires a significant amount of computational power. As a result, Bitcoin mining operations collectively use a substantial amount of electricity.
Did you know about this?
Tell me below.
#bitcoin #Bitcoin/USDT. #Interest
💻Here´s 5 another interesting facts and lesser-known aspects about Bitcoin:
1.🔥
First Bitcoin Transaction: The first recorded Bitcoin transaction was between Satoshi Nakamoto and the late Hal Finney. Finney was a cryptographic pioneer and received 10 bitcoins from Nakamoto in January 2009.
2.🔥
Mt. Gox Hack: One of the most infamous events in Bitcoin history was the hack of Mt. Gox, a Japan-based Bitcoin exchange, in 2014. It resulted in the loss of approximately 850,000 bitcoins, making it one of the largest cryptocurrency thefts.
3.🔥
Halving Events: Bitcoin undergoes a "halving" roughly every four years, reducing the reward for miners by half. This is programmed into the system to control inflation and mimic the scarcity of precious metals. The most recent halving occurred in May 2020.
4.🔥
Decentralized Nature: Bitcoin operates on a decentralized network of nodes, which means no single entity or government controls it. This decentralized nature is a key feature and contributes to Bitcoin's resilience.
5.🔥
Blockchain Forks: Bitcoin has experienced several "forks" in its history, where the underlying protocol is split into two different versions. Examples include Bitcoin Cash (BCH) and Bitcoin SV (BSV), each with its own set of features and community.
Did you know about this interesting facts?🤔
Write me down !!🚀
#Bitcoin/USDT. #bitcoin #Interest
1.🔥
First Bitcoin Transaction: The first recorded Bitcoin transaction was between Satoshi Nakamoto and the late Hal Finney. Finney was a cryptographic pioneer and received 10 bitcoins from Nakamoto in January 2009.
2.🔥
Mt. Gox Hack: One of the most infamous events in Bitcoin history was the hack of Mt. Gox, a Japan-based Bitcoin exchange, in 2014. It resulted in the loss of approximately 850,000 bitcoins, making it one of the largest cryptocurrency thefts.
3.🔥
Halving Events: Bitcoin undergoes a "halving" roughly every four years, reducing the reward for miners by half. This is programmed into the system to control inflation and mimic the scarcity of precious metals. The most recent halving occurred in May 2020.
4.🔥
Decentralized Nature: Bitcoin operates on a decentralized network of nodes, which means no single entity or government controls it. This decentralized nature is a key feature and contributes to Bitcoin's resilience.
5.🔥
Blockchain Forks: Bitcoin has experienced several "forks" in its history, where the underlying protocol is split into two different versions. Examples include Bitcoin Cash (BCH) and Bitcoin SV (BSV), each with its own set of features and community.
Did you know about this interesting facts?🤔
Write me down !!🚀
#Bitcoin/USDT. #bitcoin #Interest
Nigeria Leads the Crypto Charge in Africa with Unprecedented Interest
Introduction
In a continent brimming with potential for blockchain technology and cryptocurrency adoption, Nigeria has emerged as the frontrunner, showcasing the highest level of interest in digital assets among African countries. According to recent analysis conducted by CoinGecko, Nigeria secured an impressive score of 66.78%, underscoring the nation's enthusiasm and growing affinity for cryptocurrencies. In this article, we delve into the factors fueling Nigeria's crypto surge, explore the implications for the country's economy, and consider the broader implications for Africa's evolving crypto landscape.
Nigeria's Crypto Craze
CoinGecko's analysis reveals that Nigeria has positioned itself as a hotbed of cryptocurrency interest, with a remarkable score of 66.78%. This significant lead reflects the nation's appetite for digital currencies, as Nigerians increasingly embrace the potential of blockchain technology and seek alternative financial solutions in a rapidly evolving digital landscape.
Factors Driving Nigeria's Crypto Enthusiasm
Several key factors contribute to Nigeria's prominent position in the African crypto landscape. Firstly, the country's large and tech-savvy population, coupled with a vibrant fintech ecosystem, has paved the way for widespread cryptocurrency adoption. Furthermore, Nigeria's burgeoning youth population, known for their entrepreneurial spirit and technological prowess, has embraced cryptocurrencies as a means to navigate economic challenges and unlock new opportunities.
Remittances and Economic Empowerment
The Nigerian diaspora plays a vital role in the country's crypto surge. With an estimated 17 million Nigerians living abroad, the use of cryptocurrencies for remittances has gained traction. Blockchain-based solutions offer faster, more cost-effective, and transparent alternatives to traditional remittance channels, empowering Nigerians to overcome barriers associated with cross-border transactions and contributing to economic growth.
Inflation Hedge and Financial Inclusion
Nigeria has grappled with inflationary pressures and limited access to traditional banking services, prompting many individuals to turn to cryptocurrencies as an inflation hedge and a means of financial inclusion. Digital assets provide an avenue for Nigerians to safeguard their wealth and access financial services, irrespective of their location or socioeconomic status. This has the potential to stimulate economic participation and empower marginalized communities.
Crypto Education and Awareness
The proliferation of educational initiatives and cryptocurrency-focused communities in Nigeria has played a crucial role in driving interest and awareness. Enthusiasts, influencers, and local organizations have taken up the mantle to educate and empower Nigerians about the benefits and risks associated with cryptocurrencies, fostering a vibrant ecosystem that supports responsible adoption.
Regulatory Framework and Challenges
As Nigeria experiences a surge in crypto interest, it faces the dual challenge of fostering innovation while addressing regulatory concerns. The country's regulatory bodies have taken steps to provide clarity and oversight, striking a balance between consumer protection and encouraging responsible cryptocurrency practices. A well-defined regulatory framework will be instrumental in ensuring long-term sustainability and safeguarding against illicit activities.
Implications for Africa's Crypto Landscape
Nigeria's position as the crypto leader in Africa bodes well for the continent's wider adoption of digital assets. As neighboring countries observe Nigeria's progress, they may be inspired to embrace cryptocurrencies and leverage blockchain technology to drive economic growth, financial inclusion, and cross-border trade. Nigeria's success has the potential to catalyze a pan-African crypto movement, unlocking the continent's immense potential and fostering collaboration among nations.
Conclusion
With a staggering 66.78% interest score, Nigeria has solidified its place as Africa's cryptocurrency trailblazer. The nation's embrace of digital assets reflects a confluence of factors, including a tech-savvy population, entrepreneurial spirit, remittance needs, and a drive for financial inclusion. As Nigeria leads the crypto charge, its success can serve as an inspiration for other African nations, fueling the continent's journey towards widespread blockchain adoption and transformative economic growth. As Nigeria paves the way, Africa's crypto revolution gathers momentum, offering boundless opportunities for innovation, empowerment, and economic prosperity.
#crypto2023 #Interest #Nigeria #Africa
In a continent brimming with potential for blockchain technology and cryptocurrency adoption, Nigeria has emerged as the frontrunner, showcasing the highest level of interest in digital assets among African countries. According to recent analysis conducted by CoinGecko, Nigeria secured an impressive score of 66.78%, underscoring the nation's enthusiasm and growing affinity for cryptocurrencies. In this article, we delve into the factors fueling Nigeria's crypto surge, explore the implications for the country's economy, and consider the broader implications for Africa's evolving crypto landscape.
Nigeria's Crypto Craze
CoinGecko's analysis reveals that Nigeria has positioned itself as a hotbed of cryptocurrency interest, with a remarkable score of 66.78%. This significant lead reflects the nation's appetite for digital currencies, as Nigerians increasingly embrace the potential of blockchain technology and seek alternative financial solutions in a rapidly evolving digital landscape.
Factors Driving Nigeria's Crypto Enthusiasm
Several key factors contribute to Nigeria's prominent position in the African crypto landscape. Firstly, the country's large and tech-savvy population, coupled with a vibrant fintech ecosystem, has paved the way for widespread cryptocurrency adoption. Furthermore, Nigeria's burgeoning youth population, known for their entrepreneurial spirit and technological prowess, has embraced cryptocurrencies as a means to navigate economic challenges and unlock new opportunities.
Remittances and Economic Empowerment
The Nigerian diaspora plays a vital role in the country's crypto surge. With an estimated 17 million Nigerians living abroad, the use of cryptocurrencies for remittances has gained traction. Blockchain-based solutions offer faster, more cost-effective, and transparent alternatives to traditional remittance channels, empowering Nigerians to overcome barriers associated with cross-border transactions and contributing to economic growth.
Inflation Hedge and Financial Inclusion
Nigeria has grappled with inflationary pressures and limited access to traditional banking services, prompting many individuals to turn to cryptocurrencies as an inflation hedge and a means of financial inclusion. Digital assets provide an avenue for Nigerians to safeguard their wealth and access financial services, irrespective of their location or socioeconomic status. This has the potential to stimulate economic participation and empower marginalized communities.
Crypto Education and Awareness
The proliferation of educational initiatives and cryptocurrency-focused communities in Nigeria has played a crucial role in driving interest and awareness. Enthusiasts, influencers, and local organizations have taken up the mantle to educate and empower Nigerians about the benefits and risks associated with cryptocurrencies, fostering a vibrant ecosystem that supports responsible adoption.
Regulatory Framework and Challenges
As Nigeria experiences a surge in crypto interest, it faces the dual challenge of fostering innovation while addressing regulatory concerns. The country's regulatory bodies have taken steps to provide clarity and oversight, striking a balance between consumer protection and encouraging responsible cryptocurrency practices. A well-defined regulatory framework will be instrumental in ensuring long-term sustainability and safeguarding against illicit activities.
Implications for Africa's Crypto Landscape
Nigeria's position as the crypto leader in Africa bodes well for the continent's wider adoption of digital assets. As neighboring countries observe Nigeria's progress, they may be inspired to embrace cryptocurrencies and leverage blockchain technology to drive economic growth, financial inclusion, and cross-border trade. Nigeria's success has the potential to catalyze a pan-African crypto movement, unlocking the continent's immense potential and fostering collaboration among nations.
Conclusion
With a staggering 66.78% interest score, Nigeria has solidified its place as Africa's cryptocurrency trailblazer. The nation's embrace of digital assets reflects a confluence of factors, including a tech-savvy population, entrepreneurial spirit, remittance needs, and a drive for financial inclusion. As Nigeria leads the crypto charge, its success can serve as an inspiration for other African nations, fueling the continent's journey towards widespread blockchain adoption and transformative economic growth. As Nigeria paves the way, Africa's crypto revolution gathers momentum, offering boundless opportunities for innovation, empowerment, and economic prosperity.
#crypto2023 #Interest #Nigeria #Africa
$BTC To all the new players in Margin, the current #Interest on USDT/FDUSD = 0.0073% per hour, billed hourly.
Even with a small marginloan of 100 000 USD it means a daily cost 175$.
Trick is add two zeros for true cost.
100 000 x 0.000073 = 7.3$ per hour or 175$ ish daily.
Happy hunting everyone
Even with a small marginloan of 100 000 USD it means a daily cost 175$.
Trick is add two zeros for true cost.
100 000 x 0.000073 = 7.3$ per hour or 175$ ish daily.
Happy hunting everyone
TCMB's Monetary Policy and Expectations: Foreign Analyst Insights. 🇹🇷💸
Turkish Central Bank (TCMB) is approaching the end of its tightening cycle, according to foreign experts, with expectations set on the upcoming Monetary Policy Committee (MPC) meeting.
Societe Generale's Marek Drimal notes TCMB's significant 500 basis point increase in the policy rate to 40% in the last meeting, indicating a substantial step toward establishing the necessary monetary tightness for disinflation.
Drimal suggests the pace of monetary tightening could slow, and the tightening cycle might conclude soon, possibly leading to a 50% reduction in tightening speed in the December meeting.
Predicting another 250 basis point increase in the policy rate to 42.50%, Drimal foresees TCMB might make an additional 250 basis point hike in January, reaching 45%.
In Touch Capital Markets' Piotr Matys mentions the possibility of TCMB officially stating that interest rates are sufficiently high accompanying the expected rate hike.
While noting a lucrative carry trade opportunity in nominal terms for the Turkish Lira (TL), Matys highlights that, in real terms, TL might not be attractive enough for carry trade investors yet.
Matys suggests the attractiveness of TL for carry trade investors could change as Turkey's inflation peaks in the first half of the year and begins to decline, potentially aligning with the Fed starting interest rate cuts in the second half of 2024.
According to AA Finans' economist survey, experts anticipate a 250 basis point increase in the one-week repo auction interest rate (policy rate) to 42.50% in the upcoming TCMB MPC meeting.
#dyor #TCMB #CBRT #Interest #SocieteGenerale
Turkish Central Bank (TCMB) is approaching the end of its tightening cycle, according to foreign experts, with expectations set on the upcoming Monetary Policy Committee (MPC) meeting.
Societe Generale's Marek Drimal notes TCMB's significant 500 basis point increase in the policy rate to 40% in the last meeting, indicating a substantial step toward establishing the necessary monetary tightness for disinflation.
Drimal suggests the pace of monetary tightening could slow, and the tightening cycle might conclude soon, possibly leading to a 50% reduction in tightening speed in the December meeting.
Predicting another 250 basis point increase in the policy rate to 42.50%, Drimal foresees TCMB might make an additional 250 basis point hike in January, reaching 45%.
In Touch Capital Markets' Piotr Matys mentions the possibility of TCMB officially stating that interest rates are sufficiently high accompanying the expected rate hike.
While noting a lucrative carry trade opportunity in nominal terms for the Turkish Lira (TL), Matys highlights that, in real terms, TL might not be attractive enough for carry trade investors yet.
Matys suggests the attractiveness of TL for carry trade investors could change as Turkey's inflation peaks in the first half of the year and begins to decline, potentially aligning with the Fed starting interest rate cuts in the second half of 2024.
According to AA Finans' economist survey, experts anticipate a 250 basis point increase in the one-week repo auction interest rate (policy rate) to 42.50% in the upcoming TCMB MPC meeting.
#dyor #TCMB #CBRT #Interest #SocieteGenerale
There is no such thing as making little money or making a lot of money. 💸💰💲
1% profit every day makes 37x in 1 year, 2% profit every day makes 1377x.
With 10 thousand dollars:
1% profit every day, 370 thousand dollars at the end of 1 year, 2% profit every day makes 13.7 million dollars at the end of 1 year.
#CompoundInterest #Interest #rich #SATS #BRC20
1% profit every day makes 37x in 1 year, 2% profit every day makes 1377x.
With 10 thousand dollars:
1% profit every day, 370 thousand dollars at the end of 1 year, 2% profit every day makes 13.7 million dollars at the end of 1 year.
#CompoundInterest #Interest #rich #SATS #BRC20
Good Morning Stock Market Friends, I wish you a nice day with plenty of profits.
#Bist100 #StockExchange #DXY
#Ethereum #DollarTL #Bitcoin
#Fed #Interest #BTC #BitcoinETF
$BTC $ETH $BNB
#Bist100 #StockExchange #DXY
#Ethereum #DollarTL #Bitcoin
#Fed #Interest #BTC #BitcoinETF
$BTC $ETH $BNB
Foreign Banks' Interest Rate Predictions for Turkey. 🇹🇷📉📈
Foreign financial institutions have been closely monitoring Turkey's economic landscape, particularly in anticipation of the Central Bank of the Republic of Turkey (TCMB)'s upcoming interest rate decision.
🔹Deutsche Bank:
Expects a probable 500 basis point increase in the TCMB's policy rate this month, revising their estimate upwards to 50% due to worsening inflation dynamics.
🔹Bank of America (BofA):
Suggests a potential 300-500 basis point hike in April, contingent upon February's inflation data, following a recent visit to Turkey.
🔹JPMorgan:
Forecasts a 500 basis point rate increase in April, citing February's inflation figures surpassing expectations.
🔹Morgan Stanley:
Adjusted their scenario, removing expectations for rate cuts from TCMB in late 2024. They now anticipate the first rate cut in Q1 2025.
🔹HSBC:
Predicts the benchmark interest rate to hold steady at 45% this year, but acknowledges risks for further increases. They anticipate potential rate cuts only from Q1 2025 onwards.
◽Recent Developments and Expectations:
The TCMB Para Politikası Kurulu is scheduled to convene on March 21st, with the interest rate decision announcement set for 14:00 local time on the same day.
February's inflation figures have surpassed expectations, fueling speculation of renewed tightening measures by the TCMB.
Different banks have varying outlooks on the timing and extent of future interest rate adjustments, though there's a consensus on the potential for further hikes in the near term.
Factors like inflation trends, the economic outlook, and global market conditions are expected to shape TCMB's policy decisions in the coming months.
#Turkey #türkiye #Interest #TCMB #CBRT
Foreign financial institutions have been closely monitoring Turkey's economic landscape, particularly in anticipation of the Central Bank of the Republic of Turkey (TCMB)'s upcoming interest rate decision.
🔹Deutsche Bank:
Expects a probable 500 basis point increase in the TCMB's policy rate this month, revising their estimate upwards to 50% due to worsening inflation dynamics.
🔹Bank of America (BofA):
Suggests a potential 300-500 basis point hike in April, contingent upon February's inflation data, following a recent visit to Turkey.
🔹JPMorgan:
Forecasts a 500 basis point rate increase in April, citing February's inflation figures surpassing expectations.
🔹Morgan Stanley:
Adjusted their scenario, removing expectations for rate cuts from TCMB in late 2024. They now anticipate the first rate cut in Q1 2025.
🔹HSBC:
Predicts the benchmark interest rate to hold steady at 45% this year, but acknowledges risks for further increases. They anticipate potential rate cuts only from Q1 2025 onwards.
◽Recent Developments and Expectations:
The TCMB Para Politikası Kurulu is scheduled to convene on March 21st, with the interest rate decision announcement set for 14:00 local time on the same day.
February's inflation figures have surpassed expectations, fueling speculation of renewed tightening measures by the TCMB.
Different banks have varying outlooks on the timing and extent of future interest rate adjustments, though there's a consensus on the potential for further hikes in the near term.
Factors like inflation trends, the economic outlook, and global market conditions are expected to shape TCMB's policy decisions in the coming months.
#Turkey #türkiye #Interest #TCMB #CBRT
Breaking shit!!!
Earning usdt - Flexible - almost 8% now - when inflation and bank is 0% in interest
The save boat for saving money ???
For sure is floating interest- and base on funding rate - but if you just hold the fk usdt - earn it now guys
#USDT #EARNforFREE #Interest #BinanceEarn
Earning usdt - Flexible - almost 8% now - when inflation and bank is 0% in interest
The save boat for saving money ???
For sure is floating interest- and base on funding rate - but if you just hold the fk usdt - earn it now guys
#USDT #EARNforFREE #Interest #BinanceEarn
🔥Ethereum All Time Highs every one year from 2016 to 2022.🚀
💵
2016: Ethereum reached its all-time high in 2016 at around $21 in June.
2017: Ethereum experienced significant growth in 2017, reaching an all-time high of approximately $1,432 in January.🔥
2018: Ethereum's all-time high for 2018 was around $1,432, reached in January.
2019: Ethereum did not reach a new all-time high in 2019. The highest price during that year was around $363 in June.
2020: Ethereum reached a new all-time high in 2020, reaching approximately $1,432 in January.
2021: Ethereum saw substantial growth in 2021, reaching a new all-time high of around $4,878 in November.
2022: Ath in 2022 was about $3,380 in March.
What do you think about Ethereum, what´s your prediction to 2024-2025 for ethereum?
Comment below!!🔥👍💵
#EthereumRally #ETHEREUMS #Interest #historical #BullishAltcoins
💵
2016: Ethereum reached its all-time high in 2016 at around $21 in June.
2017: Ethereum experienced significant growth in 2017, reaching an all-time high of approximately $1,432 in January.🔥
2018: Ethereum's all-time high for 2018 was around $1,432, reached in January.
2019: Ethereum did not reach a new all-time high in 2019. The highest price during that year was around $363 in June.
2020: Ethereum reached a new all-time high in 2020, reaching approximately $1,432 in January.
2021: Ethereum saw substantial growth in 2021, reaching a new all-time high of around $4,878 in November.
2022: Ath in 2022 was about $3,380 in March.
What do you think about Ethereum, what´s your prediction to 2024-2025 for ethereum?
Comment below!!🔥👍💵
#EthereumRally #ETHEREUMS #Interest #historical #BullishAltcoins
