Earning Bitcoin (BTC) on Binance: A Quick Guide
#Btc $BTC
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With cryptocurrency continuing to trend worldwide, Binance has emerged as a leading platform for earning and trading Bitcoin (BTC). Whether youâre new to the world of crypto or a seasoned investor, Binance offers several opportunities to earn BTC through its various features.
1. Staking and Savings:
Binance provides options like Flexible Savings and Locked Staking, where you can deposit your assets and earn interest over time. These methods allow you to passively grow your BTC holdings without actively trading.
2. Trading BTC:
Spot and Futures trading are the go-to methods for active traders. Binance offers a wide range of trading pairs and tools. By analyzing market trends, you can buy low and sell high to increase your BTC balance. Futures trading allows for leverage but also comes with higher risk.
3. Binance Earn Programs:
Binance has dedicated products like Launchpool and Liquid Swap that let you earn rewards in BTC and other tokens. For instance, in Launchpool, you can stake BNB or other tokens to farm new tokens that might include Bitcoin rewards.
4. B$TC Farming:
Liquidity farming or Yield Farming is another trending method where you provide liquidity to specific pairs and earn fees and rewards in BTC or other crypto. Binanceâs Automated Market Maker (AMM) model allows you to earn from trading fees while holding Bitcoin.
5. Referral Programs:
By inviting friends to Binance, you can earn a percentage of their trading fees in BTC. This passive earning strategy rewards those who share the platform with their network.
Conclusion
Earning Bitcoin on Binance offers flexibility, from active trading to more passive options like staking or yield farming. Always remember to do your research and manage risk wisely, as crypto markets can be highly volatile.
LIT (LIT Token) is a cryptocurrency token that powers the Lit Network, a decentralized network for digital assets and decentralized finance (DeFi) applications. Here are some key points about LIT:$LIT
_Key Features:_
1. _Decentralized network for digital assets_: LIT enables the creation, management, and transfer of digital assets on the Lit Network.
2. _DeFi applications_: LIT can be used in DeFi applications such as lending, borrowing, and yield farming.
3. _Token-based incentives_: LIT holders can earn rewards by contributing to the network.
4. _Decentralized governance_: LIT has a decentralized governance model for community decision-making.
5. _Cross-chain compatibility_: LIT enables compatibility with multiple blockchains for expanded reach.
_Use Cases:_
1. _Digital asset creation and management_
2. _DeFi applications and lending_
3. _Token-based incentives and rewards_
4. _Decentralized governance and decision-making_
5. _Cross-chain compatibility and
**Crypto Reporting Framework Proposed in New Zealand**
New Zealand's Minister of Revenue, Simon Watts, has introduced a new bill aimed at tightening crypto tax regulations. The "Taxation (Annual Rates for 2024â25, Emergency Response, and Remedial Measures)" bill includes the OECDâs Crypto-Asset Reporting Framework (CARF) and updates to the Common Reporting Standard (CRS).
**Key Points:**
- Starting April 1, 2026, crypto service providers in New Zealand must collect and report user transaction data.
- Reports are due to Inland Revenue by June 30, 2027, and will be shared internationally by September 30, 2027.
- Non-compliance could result in fines ranging from 300 NZD to 100,000 NZD.
This move aims to ensure proper taxation of crypto profits and enhance global tax transparency.
Binance Shakes Up Crypto Market with Surprise Delisting of 6 Altcoins
In a sudden move, Binance removed six cryptocurrencies from its platform on August 26, 2024, citing failure to meet strict standards. The delisted coins - PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), REEF (REEF), and VGX Token (VGX) - suffered significant price drops, ranging from 14% to 40% in just one day.
Binance regularly evaluates listed cryptocurrencies to ensure they meet high standards, including team commitment, trading volume, and network security. If a cryptocurrency no longer meets these standards, it's removed to protect users and maintain a stable trading environment.
This isn't the first time Binance has delisted cryptocurrencies, a move that often causes market volatility. Stay informed and adapt to changing market conditions!
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Can PEPE Hit $1? A Future Analysis
With a current market cap of $3.78 billion and a circulating supply of 420.69 trillion PEPE, we examine the feasibility of PEPE reaching $1 per coin.
To reach $1, PEPE's market cap would need to soar to $420.69 trillion, vastly surpassing its current value and the combined market cap of all cryptocurrencies. For perspective, Bitcoin's market cap is around $500 billion, and even the global economy couldn't support a market cap in the hundreds of trillions.
Realistically, PEPE's massive supply and required market cap make it extremely challenging, if not impossible, for it to reach $1. Even significant market shifts wouldn't be enough to achieve this price point.$PEPE
{spot}(PEPEUSDT)
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#INJ $INJ
MartClues AI Analysis: Falling Wedge Pattern
Trade Setup:
As of Aug 27, 8:00 UTC, a Falling Wedge pattern has been identified and is still in the process of forming. This pattern suggests a possible bearish price movement towards the support level of 20.3077 within the next 14 hours.
Pattern: Falling Wedge
Typically, the Falling Wedge is a bullish reversal pattern. However, if the pattern is forming and the price is moving within the wedge, it could indicate a temporary bearish move before a potential upward reversal if the pattern completes as expected.
Trend and Momentum:
Short-term Trend: Bearish (pending confirmation of the patternâs direction)Medium-term Trend: To be determined based on the patternâs developmentLong-term Trend: Monitor for any changes based on price action and the patternâs completion
Support and Resistance:
Nearest Support Zone: 20.3077 (target level for potential bearish movement)Resistance: Watch for interaction points and potential breakouts if the pattern shifts direction
Take Action:
Monitor the price action closely as it approaches the support level of 20.3077. Set a price alert to stay updated on significant changes and adjust your strategy according to the patternâs confirmation and further developments.
Meme Coin Madness: DOGS Tumbles 22% as Traders Chase New Base Coin Sensation
The unpredictable world of meme coins has struck again! DOGS, once a crypto darling, has plummeted 22% in 24 hours. Meanwhile, a new base meme coin is captivating traders with its huge potential, simplicity, and community focus.
DOGS' downfall is largely due to a shift in market attention. Traders are flocking to the new coin, driven by FOMO and its promising narrative. As more investors jump in, the price is rising, but hesitation may mean missing the boat. The meme coin market is notoriously volatile, and latecomers may end up with a depreciating asset.
Will DOGS rebound or is it time to pivot? Investors must make informed decisions quickly, as timing is everything in crypto. Stay ahead of the curve and thrive in the ever-changing meme coin landscape.
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$DOGS
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$POLYX /USDT
**Identifying Resistance Levels and IT Spots in Trading**
In trading, understanding resistance levels and identifying potential IT (Institutional Trading) spots can significantly enhance decision-making. A resistance level is a price point at which an asset experiences selling pressure, preventing it from rising further. Traders closely monitor these levels, as they often indicate where a stock might face difficulty in moving higher.
IT spots, on the other hand, refer to price areas where institutional investorsâsuch as hedge funds and large asset managersâare likely to engage in significant buying or selling activity. These spots are critical because institutional trading can create substantial price movements, influencing the market's overall direction.
By identifying resistance levels, traders can set strategic entry and exit points, while recognizing IT spots can help anticipate large market moves. Combining these insights allows traders to align their strategies with market dynamics, potentially leading to more successful trades. Therefore, both resistance levels and IT spots are essential tools in a traderâs arsenal, providing a clearer picture of market sentiment and potential price movements.
Understanding and applying these concepts can help traders navigate the complexities of the market with greater confidence and precision.#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
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Bears couldn't bring them down: The highest-rising altcoins of the day!
Altcoins that continued to rise despite the leading cryptocurrency Bitcoin (BTC) losing nearly 3 percent in value were surprising.
Helium (HNT), which provides decentralized wireless infrastructure services by utilizing 5G access points, became the highest rising altcoin of the day. HNT rose 12 percent in the last 24 hours.
Akash Network (AKT), a blockchain initiative in the Cosmos ecosystem, has increased by 11 percent in the last 24 hours. The popular cryptocurrency is the second highest-rising altcoin of the day.
Decred (DCR), a blockchain project created by its founders by copying the Bitcoin code, was one of the names that left their mark on the day. DCR increased by over 9 percent in the last 24 hours.
The Artificial Superintelligence Alliance (FET), a combination of AI coins Ocean Protocol, Fetch.ai and Singularity, rose 8.7% in the last 24 hours. The crypto project, which aims to create a super AI computer, took the top spot of the day.
OriginTrail (TRAC), located on the Ethereum blockchain, increased by 7.5 percent in the last 24 hours. The project, which provides information services in many areas ranging from art to business certificate verification, left its mark on the day.
*2024âs Hottest Altcoins You Canât Ignore*âïž
*Solana*đïžâđšïž
*1 * *Solana* has been making waves in the crypto space with its high-speed, low-cost blockchain. Known for its ability to process thousands of transactions per second, Solana is positioning itself as a serious competitor to Ethereum in the world of decentralized finance (DeFi) and non-fungible tokens (NFTs). With ongoing development and increasing adoption, SOL could see substantial growth in 2024.
*2* *TRON (TRX)*đïžâđšïž
*TRON* has established itself as a major player in the blockchain space, offering a platform for decentralized content sharing and entertainment. With its focus on scalability and low transaction costs, TRX has gained popularity among developers and users alike. As the demand for decentralized applications continues to grow, TRONâs ecosystem could expand significantly in 2024.
*3* *NEAR Protocol (* *NEAR)*
*NEAR* Protocol is gaining attention for its user-friendly approach to blockchain technology. With its focus on scalability and interoperability, NEAR aims to bring blockchain to the masses. The platformâs unique sharding technology allows for high throughput and low transaction costs, making it attractive for developers and businesses. As blockchain adoption increases, NEAR could see substantial growth in 2024.
*4* *Polygon* ( *MATIC* )
*Polygon* has positioned itself as a vital scaling solution for Ethereum, offering faster and cheaper transactions while maintaining security. As the demand for efficient blockchain infrastructure grows, Polygonâs role in the ecosystem becomes increasingly important. With ongoing development and partnerships, MATIC could be a strong performer in 2024.
*Conclusion*đ°đ°
As Solana, Pepe, Tron, Polygon and Near Protocol shows bullish potentials.By applying expert strategies and considering emerging markets, investors may find opportunities even in the most challenging market conditions.
The buzz around DOGS is palpable, and its listing on Binance has sparked speculation about its potential to be the next crypto sensation. With its standout features, including reaching 50 million holders before listing and its integration with Telegram, DOGS is generating significant interest. Predictions of substantial price surges, potentially reaching $0.1 or even $0.2, are circulating. However, it's crucial to acknowledge the crypto market's volatility, where prices can fluctuate rapidly. While only time will tell if DOGS will meet the hype, it's undoubtedly a token worth watching closely.
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Breaking News! đš
đŽ BLUM TO DISTRIBUTE FREE $DOGS đŽ
đ[VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR REWARD](https://www.binance.com/en/square/profile/maidah_aw)đ
Exciting Update: $DOGS Token Airdrop Distribution
We are thrilled to announce that BLUM is distributing a massive 1,750,000,000 $DOGS tokens to 407,000 eligible users! The airdrop amount is determined by individual activity on the BLUM platform, including daily registration streaks and overall engagement.
Although we anticipated a larger participation, this outcome is a fantastic reward for those who actively engaged with the platform. Tokens will be directly deposited into the wallet linked to your BLUM account.
Stay tuned for further updates, including an upcoming token drop announcement from Notcoin. Thank you for your participation!
Note: This information is provided for informational purposes only."
Support us and cast your vote that will encourage me to create more amazing content for you all đ
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Bitcoin market update
Deleted the green path, invalidated.
Blue path seems next, but the move down should have been a quick flush instead of this slow grind. Many longs were added again in that top range that still haven't puked yet, so it's still possible for us to get a flush and v-reverse, but time is the enemy of momentum here for bulls.
Yellow: If we lose gp without doing a speedy recovery, I don't see how 60k would hold. 54k is base case, maybe we can look for a reaction around 58k. It's possible that enough longs get squeezed by the time we get there.
Red: gut feeling says that the lows aren't in, but gut feeling has been wrong before so I'm not giving it too much power in my decision making for now. Just enough to not dismiss low 40s completely and keep an open mind.
$BTC
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đ **Litecoin's Rollercoaster: Is a Turnaround on the Horizon?** đ
- Litecoin (LTC) has seen a rough patch, losing 36% of its value since April 1st.
- Social interest is dwindling, with 45,000 small traders selling off their holdings in the last 24 hours.
- Santiment analysts suggest this mass sell-off could signal a bullish phase as "weaker hands" exit.
- TradingView's Jasminex1x2 supports this, hinting at potential price recovery.
- Despite a 1% drop to $63.49, LTC showed resilience post-Aug. 5 crypto crash.
- On-chain activity has doubled, hinting at renewed interest.
đŹ What do you think? Is LTC poised for a comeback? Share your thoughts below!
đ Big news in the crypto world! BlackRock has boosted its Bitcoin holdings, increasing its stake in the iShares Bitcoin Trust (IBIT) from 12,000 to 16,000 shares by June 30. This move shows their growing confidence in Bitcoin's potential. đ
Bitcoin ETFs are seeing record inflows, with $252 million added in a single day, pushing the total market value to $58.4 billion. BlackRockâs IBIT led the pack with $87 million in inflows last Friday, followed by Fidelityâs FBTC with $64 million.
While Bitcoin ETFs thrive, Ethereum ETFs are struggling, facing $99 million in outflows over seven days. The market clearly favors Bitcoin right now!
đ **Crypto News Flash: Elon Musk Backs AI Safety Bill, Vitalik Buterin Raises Concerns!**
- **Elon Musk** has thrown his support behind California's Senate Bill 1047, aimed at regulating large-scale AI models for public safety.
- **Vitalik Buterin**, co-founder of Ethereum, warns that the bill might negatively impact open-source models, despite recent revisions.
- The bill proposes a regulatory framework, holding developers accountable and requiring safety certifications before AI training begins.
- Major AI entities like OpenAI and Anthropic oppose the bill, advocating for federal regulation instead.
What are your thoughts on this? Drop a comment below! đŹ
Central Bank Chief Emphasizes Need for Crypto Regulation in Ecuador
The head of Ecuador's Central Bank has underscored the urgent necessity for robust regulatory frameworks governing cryptocurrency activities within the nation. Highlighting the potential risks associated with unregulated digital asset markets, the chief pointed to issues such as financial instability, fraud, and money laundering.
This call for regulation reflects a growing global trend where governments and financial institutions are increasingly wary of the volatile and often opaque nature of the cryptocurrency market. As regulatory scrutiny intensifies, market participants may face heightened compliance costs and operational challenges, potentially dampening market enthusiasm and growth prospects.
đ BlackRock's Bitcoin Bonanza! đ
BlackRock just went full crypto, upping their Bitcoin stake to 16,000 shares of the iShares Bitcoin Trust (IBIT) from 12,000 in May. Talk about confidence! đ
Bitcoin ETFs are having a party, with a record $252M inflow in one day, pushing the total to $58.4B. BlackRockâs IBIT led the charge with $87M, while Fidelityâs FBTC wasn't far behind at $64M.
Not all funds had fun, though. Grayscaleâs GBTC saw a $35M outflow, but their Mini Trust gained $50M. Ethereum ETFs? Struggling with $99M outflows over 7 days.
What do you think? Drop your thoughts below! đ #Bitcoin #Crypto #ETFs