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Russia is Ready to Start Crypto Trials! Russia is working rapidly to utilize crypto as payment for international trades. In just 2 months, from lower house bills to becoming ready to test payments, they has worked very fast. Lower house of Russian parliament passed the bills in July and on August 8, the president approved them. By September, Russia will start testing. Why is Russia in so much hurry and how are they going to make it happen so fast, let’s explore. Why Russia needs Crypto Western regulators imposed sanctions over Russia in 2022 when they launched a war over Ukraine. These sanctions have forced their trade partners to withdraw their support. It was clear that whoever will have trade partnerships with Russian companies will also get sanctions. SWIFT services handle international transactions, but they only work with the US Dollar and Euro. To perform any kind of trade, the central bank of those countries will need to use SWIFT for transactions which can invite sanctions to those countries as well. This has started to harm Russian international trade, and they need a payment system nobody can control – in other words, a decentralized payment system. We all know what is the only payment system that no one can control – the cryptocurrency. Hence, Russia, who has put a complete ban on crypto payments and mining since 2022, has turned to use it for international transactions. The Russia Crypto Bills On July 31, 2024, the parliament of Russia passed two crypto bills. One bill will allow Russia to use cryptos as a mode of payment for international transactions and the other will allow specific institutions to mine crypto. These two bills once passed in the Russian parliament were sent to be approved by the President. Russian President Putin passed these crypto bills on 8th August 2024. #Russia #Bitcoin #Cryptonews #DOGSONBINANCE #BNBChainMemecoins $BTC $ETH $BNB

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How High Will Cardano (ADA) Trade In The Last Week of August? As the Cardano (ADA) community awaits the upcoming hard fork, the price of ADA was seen slipping. The altcoin has struggled to retain itself in the top 10. Cardano is currently the 11th largest cryptocurrency with a market cap of $13.36 billion. Tron (TRX) and Toncoin (TON) have taken over this asset. Amidst this, the price of the network’s native cryptocurrency was seen tumbling down by 2.40% over the past 24 hours. At press time, the asset was trading at $0.3719, a daily low for ADA. It looks like the cryptocurrency with carry forward its current notion throughout the week. According to data from Changelly, ADA will encounter slight drops in the coming days and dip to $0.360933. But things will take a different turn during the weekend as the altcoin will descend to a low of $0.355540. Cardano will end the month of August on a bitter note. The community has to place their bets on September 2024. Can The Chang Hard Fork Be A Game Changer For Cardano? Cardano is anticipating the Chang hard fork on September 1. The blockchain is awaiting the advent of a new era of decentralized government as part of this event. The upcoming changeover will be governed by the Treasury community. Furthermore, the size of this community is projected to be 1.5 billion ADA or nearly $900 million at the current time. Furthermore, with this update, the network enters a new period known as Voltaire. Holders of ADA will have a direct influence on the decision-making processes that will shape its future. While the hard fork is yet to occur, the community hopes that this could boost the price of the cryptocurrency. #ADA #Cardano #CryptoNews #DOGSONBINANCE #BNBChainMemecoins $ADA $BTC $SOL

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Binance Labs Invests in MyShell and Sahara AI: Report Binance Labs invests in AI projects MyShell and Sahara AI for AI-blockchain integration. MyShell democratizes AI development; Sahara AI creates secure, decentralized AI platforms. AI enhances blockchain’s user experience, while blockchain ensures AI’s authenticity. Binance Labs has recently made strategic investments in two pioneering AI projects, MyShell and Sahara AI. As the venture capital and incubation arm of Binance, it has been a prominent supporter of innovative projects that intertwine AI with blockchain. These investments exemplify Binance Labs’ vision to propel a future where technology transcends traditional boundaries, enhancing both the creator economy and consumer accessibility. Integrating with blockchain can potentially resolve inherent challenges related to security, privacy, and decentralized governance. Max Coniglio, Investment Director at Binance Labs, is among the experts who believe that AI and blockchain not only complement each other but are also essential for the future of decentralized applications. This symbiosis can enhance user experiences while ensuring a high level of integrity and collaboration across various platforms. Decentralized AI ecosystems MyShell represents a decentralized AI ecosystem designed to democratize the creation and distribution of AI applications. Through Binance Labs Incubation Season 6, MyShell aims to amplify its reach by enhancing its open-source model layer and creator platform, thereby enabling every individual to partake in AI app development and ownership. Yi He, Co-Founder of Binance and Head of Binance Labs, highlighted, We are eager to see MyShell champion a robust creator economy that harmoniously blends AI with crypto On the other hand, Sahara AI is setting benchmarks by developing a decentralized AI blockchain platform that ensures the sovereignty and provenance of AI. #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #BinanceLabs #CryptoNews $BTC $ETH $BNB

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Tron (TRX) 100% Holders Are in Profit: More Bullish Run Possible? TRX has showcased good price activity recently, where 100% of holders’ addresses were in green. Also, no addresses were making a loss, per the On-chain research website. Similarly, in the past 7 days, the transactions greater than $100K were $4.12 Billion. Moreover, the transaction volume surged to 5.87 Billion TRX in mere days. Meanwhile, the total number of addresses with a balance of Tron was 110.65 million. Additionally, the average time the token was held was 1.4 years before it got transferred from possession. The Whale concentration was higher at 56.46% holding 47.96 Billion TRX. Per Coincarp, the Rich list highlights that TRX has witnessed amazing user growth and adoption. The ace in the rich list holds 11.06% of the floating supply, and the top 20 holds 22.24% of the supply. TRX Numbers on the go The trading volume of spot for the Tron has advanced by 47.22% in the last 24 hours, resulting in a traded value of $927.60 Million. Following the surge, it showed a rise in demand; the market cap also advanced by 4.34% and was valued at $14.590 Billion at press time. This made it the 9th largest cryptocurrency globally. As per Coincodex, the price sentiment of Tron was bullish and the fear and greed index was at 55. The value of the derivatives traded volume for the Tron advanced by 61.66% in the last 24 hours resulting in $572.24 Million. Likewise, following the surge in derivatives volume, the open interest of the asset also witnessed an advance of 20.86% resulting in $205.21 Million. Short liquidation in the coin was huge at $410.22K. Price Action of Tron (TRX) Since late November 2022, TRX displayed a significant bullish rally. It climbed from a support level of $0.050 within a descending triangle to a peak of $0.1439 by February 2024, marking a 220% gain. #TRX #Tron #Memecoins #DOGSONBINANCE #BNBChainMemecoins $BTC $ETH $TRX

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BONK Turns Bullish: Is A Falling Wedge Breakout Imminent 50X Profit Confirmed With BRED Token, Convert your 100 usd to 5000 USD, Pre Sale Price Is $0.01 And Exchange Listing Price Is $0.50, This Is 50X Profit Opportunity, Don't Miss This Pre Sale, Join Now Pre Sale At Official Website, WWW.BREDTOKEN.XYZ Bonk (BONK), a Solana-based memecoin, has seen a substantial uptick in its value and recovered the most this week. With an increase of over 25% in a week, the memecoin was poised to cross the channel’s upper trendline shortly. This memecoin has risen for a sixth consecutive session and registered a weekly bullish streak. It indicated a renewed buying interest. It made a double bottom formation around $0.00001700 and anticipated a breakout. Along with the market’s bullish movement overnight, BONK has extended the bullish spell and retested the 50-day EMA mark. The Bitcoin price registered a weekly range breakout and reached the $64k mark, which fueled the uptick of the altcoin price. The BONK price has made lower low swings for the last three months. It was capped inside a falling wedge pattern. The demand zone was recently revisited, and the correction phase was completed. Yet, a confirmed breakout was on the horizon, and bulls were molding their eyes to chase it. A daily close above $0.00002500 would confirm the bullish trend, and it might sprint ahead. BONK Drives the Up Move: What Lies Ahead? The daily chart observed sustained buying pressure, and the memecoin continued to extend the bullish move. With the significant price uptick, BONK has approached the key hurdle of $0.00002200 and teases a next bullish leg up. When writing, BONK traded at $0.00002130 with an intraday surge of over 12.30%, conveying a bullish stance. With a market cap of $883.57 Million, the memecoin was ranked 84. Going forward, the trading volume rose 56%, implying rising investor interest. #BONK #PEPE #SHIB #mememcoinseason2024 #TelegramCEO $BONK $PEPE $BTC

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