đš Breaking News: Pavel Durov, founder of Telegram, was arrested at Parisâ Le Bourget Airport, sparking major market reactions.
French authorities detained Durov on charges linked to Telegram's alleged role in facilitating criminal activities. This has sent shockwaves through the tech and crypto worlds, especially impacting TON, Telegram's associated cryptocurrency.
đ TON saw an 18% drop before stabilizing, now trading just above $5.40. Investors are on edge, but the market remains optimistic about a potential recovery.
Stay tuned for more updates on this evolving story!
â ïž Beware: Risks of Using Bank Loans for Crypto Investmentsâ ïž
[CLICK HERE TO VOTE EVERYDAY TO RECEIVER](https://www.binance.com/en/square/creator-center/home) $5
đš Thinking of Using a Bank Loan to Invest in Crypto? đš
While the allure of high returns in the crypto market can be tempting, using borrowed money for investments carries significant risks. Hereâs what you need to know:
đž Risks of Using a Bank Loan for Crypto Investments:
High Volatility: Cryptocurrency prices can fluctuate wildly in short periods. Your investment might lose value quickly, leaving you with a debt you canât repay. đ
Interest Costs: Loans come with interest rates. If your crypto investment doesnât perform as expected, youâll still need to pay back the loan with interest, which can add financial strain. đł
Potential for Increased Debt: If your investment goes poorly, you could end up owing more than you initially borrowed, leading to financial instability. đ
Psychological Stress: The pressure of managing both debt and investment losses can lead to significant stress and poor decision-making. đ
Risk of Default: If youâre unable to repay the loan, it could damage your credit score and financial future, leading to long-term consequences. â ïž
đ Consider Before You Borrow:
Assess Your Risk Tolerance: Are you prepared for potential losses? đĄEvaluate Your Financial Situation: Can you afford to repay the loan even if your investment fails? đ°Seek Professional Advice: Consulting with a financial advisor can help you understand the risks and make informed decisions. đ
đŹ Letâs Discuss:
Have you ever considered using borrowed funds for crypto investments? What was your experience?What strategies do you use to manage investment risk?How do you balance high-risk investments with financial stability?
đš Remember: Always do your own research (DYOR) and only invest what you can afford to lose. Never let the desire for high returns cloud your financial judgment.
#CryptoInvesting #FinancialRisks #DebtManagement #CryptoMarket #InvestSmart
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$CELO /USDT
Certainly! Hereâs a post about **Support and Resistance in Trading**:
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**Understanding Support and Resistance in Trading**
In the world of trading, two key concepts that every trader must grasp are *support* and *resistance*. These levels are crucial in analyzing price movements and making informed decisions.
**Support** is the price level at which an asset tends to find buying interest, preventing it from falling further. It's like a floor that prices bounce off. When the price approaches this level, buyers typically step in, creating demand that stops the price from declining.
**Resistance**, on the other hand, is the price level where selling pressure tends to prevent the price from rising further. It's like a ceiling that the price struggles to break through. As the price nears this level, sellers often emerge, creating supply that halts the price's advance.
Identifying these levels helps traders determine entry and exit points. A break above resistance could signal a bullish trend, while a break below support might indicate a bearish trend. However, these levels are not set in stone; they can change due to market conditions, making it vital for traders to continuously monitor them.
Mastering support and resistance is key to developing a solid trading strategy, helping traders to anticipate potential price movements and manage risk effectively.
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This brief explanation can be shared as a post or used as a foundation for further elaboration.#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
{spot}(CELOUSDT)
CREAM (Cream Finance) is a cryptocurrency token that powers the Cream Finance decentralized finance (DeFi) platform. Here are some key points about CREAM:$CREAM
_Key Features:_
1. _Decentralized lending and borrowing_: CREAM enables users to lend and borrow cryptocurrencies in a decentralized manner.
2. _Token-based incentives_: CREAM holders can earn rewards by participating in the platform.
3. _Governance and voting_: CREAM holders can participate in governance and voting processes.
4. _Decentralized autonomous organization (DAO)_: CREAM is governed by a DAO, ensuring community-driven decision-making.
_Use Cases:_
1. _Decentralized lending and borrowing_
2. _Yield farming and liquidity provision_
3. _Token-based incentives for platform participation_
4. _Decentralized governance and decision-making_
_Benefits:_
1. _Decentralized and secure lending and borrowing solutions_
2. _Incentivized platform participation_
3. _Community-driven governance and decision-making_
4. _Potential for value appreciation_
Cream Finance aims to create a decentralized ecosystem that enables decentralized lending and borrowing, token-based incentives, and community-driven governance, with CREAM playing a central role in the platform's operations.
Please note that the information available on CREAM coin is subject to change, and it's essential to stay up-to-date with market trends and
OSMO (Osmosis) is a cryptocurrency token that powers the Osmosis decentralized exchange (DEX) and liquidity provider. Here are some key points about OSMO:$OSMO
_Key Features:_
1. _Decentralized exchange (DEX)_: OSMO enables fast, secure, and decentralized trading.
2. _Liquidity provision_: OSMO provides liquidity for various cryptocurrency pairs.
3. _Token-based incentives_: OSMO holders can earn rewards by providing liquidity.
4. _Governance and voting_: OSMO holders can participate in governance and voting processes.
_Use Cases:_
1. _Decentralized trading and exchange_
2. _Liquidity provision and yield farming_
3. _Token-based incentives for liquidity providers_
4. _Decentralized governance and decision-making_
_Benefits:_
1. _Fast and secure decentralized trading_
2. _Liquidity provision and yield farming opportunities_
3. _Incentivized liquidity provision_
4. _Community-driven governance and decision-making_
5. _Potential for value appreciation_
Osmosis aims to create a decentralized ecosystem that enables fast, secure, and decentralized trading, liquidity provision, and token-based incentives, with OSM
ORN (Orion Protocol) is a cryptocurrency token that powers the Orion Protocol decentralized exchange (DEX) and liquidity aggregator. Here are some key points about ORN:$ORN
_Key Features:_
1. _Decentralized exchange (DEX)_: ORN enables fast, secure, and decentralized trading.
2. _Liquidity aggregation_: ORN aggregates liquidity from multiple sources for improved trading experience.
3. _Token-based incentives_: ORN holders can earn rewards by providing liquidity.
4. _Governance and voting_: ORN holders can participate in governance and voting processes.
_Use Cases:_
1. _Decentralized trading and exchange_
2. _Liquidity provision and yield farming_
3. _Token-based incentives for liquidity providers_
4. _Decentralized governance and decision-making_
_Benefits:_
1. _Fast and secure decentralized trading_
2. _Improved liquidity through aggregation_
3. _Incentivized liquidity provision_
4. _Community-driven governance and decision-making_
5. _Potential for value appreciation_
Orion Protocol aims to create a decentralized ecosystem that enables fast, secure, and decentralized trading, liquidity provision, and token-based incentives, with ORN playing a central role in the platform's operations.
Please note that the information available on ORN coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
A 25% Tax on Unrealized Gains? Kamala Harris will bring trouble
Picture this: You invest $50,000 in shares, and their value rises to $70,000. Under this new proposal, youâd be taxed on that $20,000 gainâeven if you havenât sold a single share! But what happens if those shares plummet to $45,000 the next year? Youâre still on the hook for taxes on money you no longer have. This could trigger a wave of mass sell-offs, sending shockwaves through the stock market and pushing the economy to the brink. Are we staring down the barrel of a new Great Depression? Share your thoughts below! đŹ
But wait, thereâs moreâyou wonât want to miss this! đ„
Introducing the **CARV Protocol**âa groundbreaking shift in how we own, control, and monetize our data. Imagine a world where you have full ownership over your data, decide who gets access to it, and even get paid for it. CARV is transforming industries like gaming, AI, and more by integrating seamlessly with the platforms you already use, letting you earn from your data without altering your daily routine.
And thatâs just the beginning. CARV is set to expand into healthcare and finance, ushering in a new era where youâre in charge of your data in a fairer economy. With its strong focus on data privacy, CARV is setting the bar for how our information should be managed.
Ready to dive into this thrilling future? Comment "ok" now to explore the incredible possibilities of CARV and stand a chance to win free USDT! Letâs revolutionize the data world together! đ
#CARVingTheFutureOfData #BinanceWeb3Airdrop @carv_official
RAY (Raydium) is a cryptocurrency token that powers the Raydium decentralized exchange (DEX) and liquidity provider. Here are some key points about RAY:$RAY
_Key Features:_
1. _Decentralized exchange (DEX)_: RAY enables fast, secure, and decentralized trading.
2. _Liquidity provision_: RAY provides liquidity for various cryptocurrency pairs.
3. _Token-based incentives_: RAY holders can earn rewards by providing liquidity.
4. _Governance and voting_: RAY holders can participate in governance and voting processes.
_Use Cases:_
1. _Decentralized trading and exchange_
2. _Liquidity provision and yield farming_
3. _Token-based incentives for liquidity providers_
4. _Decentralized governance and decision-making_
_Benefits:_
1. _Fast and secure decentralized trading_
2. _Liquidity provision and yield farming opportunities_
3. _Incentivized liquidity provision_
4. _Community-driven governance and decision-making_
5. _Potential for value appreciation_
Raydium aims to create a decentralized ecosystem that enables fast, secure, and decentralized trading and liquidity provision, with RAY
KNC (Kyber Network Crystal) is a cryptocurrency token that powers the Kyber Network, a decentralized liquidity protocol and exchange aggregator. Here are some key points about KNC:$KNC
_Key Features:_
1. _Decentralized liquidity protocol_: KNC enables decentralized trading and liquidity provision.
2. _Exchange aggregator_: KNC aggregates liquidity from multiple exchanges and sources.
3. _Token-based incentives_: KNC holders can earn rewards by providing liquidity.
4. _Governance and voting_: KNC holders can participate in governance and voting processes.
_Use Cases:_
1. _Decentralized trading and liquidity provision_
2. _Exchange aggregation and liquidity access_
3. _Token-based incentives for liquidity providers_
4. _Decentralized governance and decision-making_
_Benefits:_
1. _Decentralized and secure liquidity solutions_
2. _Aggregated liquidity from multiple sources_
3. _Token-based incentives for contributors_
4. _Community-driven governance and decision-making_
5. _Potential for value appreciation_
Kyber Network aims to create a decentralized ecosystem that enables secure, decentralized trading and liquidity provision, with KNC playing a central role in the platform's operations.
Please note that the information available on KNC coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
Shiba Inu Price Analysis: Key Levels to Watch Amidst Bearish Signals
The 4-hour chart for $SHIB shows a struggle between bullish momentum and bearish pressure, with the recent action reflecting this ongoing tug-of-war. After a series of lower closes, the Shiba Inu price has been trending downwards, finding itself hovering just above critical support levels.
The 9 EMA and 20 EMA are currently in a state of convergence, with the 9 EMA slightly above the 20 EMA. This indicates that the short-term trend is still holding, though just barely. The slight crossover suggests that #SHIB could be on the brink of a more significant move, but the current trajectory seems to favor the bears as the EMAs begin to flatten out.
Meanwhile, the MACD, which is traditionally a momentum indicator, is showing signs of weakening bullish momentum. The MACD line is slowly drifting toward the signal line, with the histogram values shrinking. This development hints at a possible bearish crossover in the near term, which could lead to further downside pressure if confirmed.
The RSI, which recently peaked at over 81, has been declining steadily, now resting at 56. This drop from overbought conditions signals a cooling-off period, possibly leading to a reversal or consolidation for the Shiba Inu price. The fading RSI suggests that bullish momentum has significantly weakened, leaving room for sellers to push the price lower.
When it comes to key levels to watch, the Shiba Inu price is currently trading near the support zone around $0.00001502. Should this level fail to hold, the next critical support lies at $0.00001399. A break below this level could open the door for a sharper decline, potentially testing the deeper support at $0.00001364.
On the upside, the Shiba Inu price faces stiff resistance at $0.00001659. This level coincides with the recent highs, where sellers have previously emerged. A break above this resistance would be required to reignite bullish momentum. #Memecoins #altcoins The full analysis and trade strategy were posted on www.ecoinimist.com.
{spot}(SHIBUSDT)
SUSHI (SushiSwap) is a cryptocurrency token that powers the SushiSwap platform, a decentralized exchange (DEX) and automated market maker (AMM) built on the Ethereum blockchain. Here are some key points about SUSHI:$SUSHI
_Key Features:_
1. _Decentralized exchange (DEX)_: SUSHI enables decentralized trading of cryptocurrencies.
2. _Automated market maker (AMM)_: SUSHI uses an AMM model to provide liquidity and facilitate trades.
3. _Liquidity provision incentives_: SUSHI holders can earn rewards by providing liquidity to the platform.
4. _Governance and voting_: SUSHI holders can participate in governance and voting processes.
_Use Cases:_
1. _Decentralized trading and exchange_
2. _Liquidity provision and yield farming_
3. _Decentralized governance and decision-making_
_Benefits:_
1. _Decentralized and secure trading solutions_
2. _Incentivized liquidity provision and yield farming_
3. _Community-driven governance and decision-making_
4. _Potential for value appreciation_
SushiSwap aims to create a decentralized ecosystem that enables secure, decentralized trading and liquidity provision, with SUSHI playing a central role in the platform's operations.
Please note that the information available on SUSHI coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
đ„đ„Binance plans to hire 1,000 as it ramps up compliance: Bloomberg
#Binance CEO Richard Teng said the company plans to hire 1,000 more people this year, according to a Bloomberg report.
The company aims to expand its compliance team by adding 200 more members.
Binance CEO Richard Teng said the company plans to increase its workforce by 1,000 more employees by the end of 2024, Bloomberg reported on Wednesday. The bulk of the companyâs new hires are planned to grow its compliance team from the current 500 to 700 members.
The worldâs largest cryptocurrency exchange is expected to spend more than $200 million on regulatory compliance alone this year, according to the report. This includes efforts in the U.S. following a settlement with the Justice Department and other agencies.
According to Teng, two U.S.-appointed watchdogs, the Forensic Risk Alliance and Sullivan & Cromwell, have already begun evaluating the exchangeâs financial statements and transaction tracking.
Global compliance
Teng, who succeeded co-founder Changpeng Zhao as CEO last year, said Binance has been receiving an increasing number of requests from law enforcement agencies globally â 63,000 so far in 2024 and 58,000 last year.
Binance became fully available in India after settling a $2.25 million fine with Indiaâs Financial Intelligence Unit earlier this month. The exchange also agreed to pay $1.75 million in a settlement with Brazilâs SEC, which banned the exchange from offering derivatives products in the country in 2020.
The Binance CEO has an extensive background in regulatory compliance, having served as a senior regulator at the Monetary Authority of Singapore and as CEO of the Financial Services Regulatory Authority at the Abu Dhabi Global Market.
#RichardTeng #BNB #BinanceBlockchainWeek
IOTA (MIOTA) is a cryptocurrency token that powers the IOTA Network, a decentralized, open-source blockchain platform focused on the Internet of Things (IoT). Here are some key points about IOTA:$IOTA
_Key Features:_
1. _Directed Acyclic Graph (DAG) architecture_: IOTA uses a novel DAG architecture called the Tangle, enabling high scalability and zero transaction fees.
2. _IoT-focused ecosystem_: IOTA is designed for the IoT industry, enabling secure and feeless data transfer and transactions.
3. _Decentralized governance_: IOTA holders can participate in governance and voting processes.
4. _Limited supply_: The total supply of IOTA coins is capped at 2,779,530,283.
_Use Cases:_
1. _IoT device communication and data transfer_
2. _Supply chain management and tracking_
3. _Smart city infrastructure and management_
4. _Decentralized governance and decision-making_
_Benefits:_
1. _High scalability and zero transaction fees_
2. _Secure and reliable data transfer for IoT devices_
3. _Community-driven governance and decision-making_
4. _Potential for value appreciation_
IOTA Network aims to create a decentralized ecosystem that enables secure, feeless, and scalable data transfer and transactions for the IoT industry, with IOTA playing a central role in the platform's operations.
Please note that the information available on IOTA coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.
10 Best Cryptocurrencies To Invest In August 2024
From Bitcoin and Ethereum to Dogecoin and Tether, thousands of different cryptocurrencies can make it overwhelming when you first get started in the crypto world. To help you get your bearings, these are the top 10 cryptocurrencies to invest in based on their market capitalization or the total value of all the currently circulating coins.
What Are Cryptocurrencies?
A cryptocurrency is a digital asset based on blockchain technology that can circulate without the centralized authority of a bank or government. As of August 20, 2024, more than$BTC
đšđšđšElon Musk Reacts to the Arrest of Telegram Founder Pavel Durovđšđšđš
Elon Musk, the owner of the social network X, has weighed in on the arrest of Telegram founder Pavel Durov in France. Musk tweeted, "Here's an advertisement for the First Amendment (to the US Constitution). She is very convincing," highlighting the importance of freedom of speech in light of Durov's arrest.
Musk also jokingly suggested that by 2030 in Europe, people might be executed for liking memes.
The First Amendment to the U.S. Constitution, part of the Bill of Rights, ensures that Congress will not infringe on freedom of speech and the press.
Reports from French media on Saturday evening indicated that Durov was detained at Le Bourget airport while disembarking from a private plane that had allegedly arrived from Azerbaijan. Durov, who holds French citizenship, was reportedly on a wanted list in France. Authorities claim that Durov is connected to several crimes, including Telegramâs refusal to cooperate with the French government.
On Sunday, Durov may face serious charges, including terrorism, drug trafficking, fraud, and money laundering.
#TelegramCEO #MtGoxRepayments #PowellAtJacksonHole #BinanceLaunchpoolDOGS #Write2Earn!
Is AVAX on the Uptrend? đ€ đ
𧧠[Vote tuNNCay Here](https://app.binance.com/uni-qr/cpro/tuNNCay?l=en&r=98114310&uc=app_square_share_link&us=copylink)
$AVAX
{spot}(AVAXUSDT)
The fact that the price of Bitcoin increased by 10 percent on a weekly basis from $57,800 to $64,000 led to the appreciation of large altcoins. Avalanche (AVAX) has gained over 30 percent in the last 7 days as one of the leaders in this increase. This bullish led AVAX to cross a critical resistance level that has been going on for five months, signaling a significant trend transformation.
Franklin Templeton's Avalanche Move Pushes Price Up
Global investment firm Franklin Templeton integrated the Franklin OnChain U.S. Government Monetary Fund (FOBXX) into the Avalanche network on August 22. This move expanded the fund's reach, causing AVAX's price to rise. FOBXX stands out as the first U.S. registered mutual fund to use public Blockchain for transaction processing and stock registration.
Integration into the Avalanche network aims to increase the accessibility of the fund and increase the number of corporate participants using Avalanche technology. This development, which came after Grayscale's Avalanche Trust Fund announcement, carried the price of AVAX above the psychological level of $25.
In terms of technical analysis, AVAX's price has shown a high-momentum recovery with 9 consecutive green candles on the daily chart since mid-August. This moved AVAX from $19.78 to $27.7, a 40 percent growth. Its market capitalization reached $11.4 billion.
The price of AVAX in the recent period has signaled a significant reversal, breaking a key resistance line in the downtrend that has been going on since March 2024. This breakout has the potential for an additional 20 percent increase, with the price of AVAX pushing the $33 resistance. With this threshold crossed, the next target level will be $41.82. DYOR
#Avaxđ„đ„ #ANALYSIS #AVAXâ