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Crypto Controversy: Republican Lawmakers Grill Gensler Over Prometheum’s SEC Blessing
In a recent development, Republican lawmakers on the U.S. congressional committee responsible for overseeing the Securities and Exchange Commission (SEC) have intensified their scrutiny of the agency’s crypto approval process.
Led by Chair Patrick McHenry, 23 House Financial Services Committee lawmakers have sent a letter to SEC Chair Gary Gensler, demanding an explanation regarding Prometheum’s approval as a crypto broker-dealer.
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Lawmakers Allege Strategic Move Via Prometheum’s Crypto Approval
Their inquiry focuses on Prometheum’s status as a special purpose broker-dealer (SPBD) for “crypto securities.”
Related Reading: SEC Delays Ruling On Grayscale’s Bitcoin ETF Application: Will the Decision Arrive In 3 Days?
Introduced by the SEC in December 2020, the SPBD framework was designed to enable custody and transactions involving digital asset securities. Notably, the Financial Industry Regulatory Authority (FINRA) approval is a prerequisite for SPBDs to operate, and until May 17, 2023, no SPBD had received such approval.
The approval of Prometheum Ember Capital, a subsidiary of Prometheum, as the first and sole SPBD under the new regime has raised concerns among Republican lawmakers.
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They also question the timing of the approval, which coincided with a joint hearing held by the House Financial Services Committee and the House Agriculture Committee on crypto assets market regulation.
Moreover, the lawmakers suspect the approval was strategically aimed at “undermining” the need for legislative action by showcasing an already functional regulatory framework for digital asset securities custody.
While Prometheum claims to offer a comprehensive solution for regulated crypto asset offerings, it has yet to serve a single customer, according to the House Financial Services Committee.
Additionally, the firm has not disclosed the digital asset securities supported on its platform, raising questions about its eligibility criteria. Notably, the SEC has not provided definitive guidance on what constitutes a digital asset as a security, making it difficult to ascertain the scope of Prometheum’s operations.
Prometheum’s Chinese Connection Raises National Security Concerns
In the letter issued to Gary Gensler, Republican lawmakers also expressed concerns regarding Prometheum’s limited operational capabilities, precisely its inability to perform clearing or settlement services necessary for operating as an alternative trading system.
Given these limitations, the lawmakers question why FINRA approved a firm with no operational history or customer track record over other applicants.
Moreover, deeper concerns arise regarding national security and data privacy. As reported by Bitcoinist, In 2018, Prometheum partnered with Shanghai Wanxiang Blockchain Inc., a Chinese entity involved in blockchain software development.
Although the agreement was subsequently terminated, questions persist about the potential involvement of a Chinese entity in Prometheum’s early-stage technology development. Notably, a representative of the Chinese entity, Feng Ziao, holds a directorial position at Prometheum.
Related Reading: Despite SEC’s Legal Onslaught, These Altcoins Have Witnessed Resurgence in Trading Volume
As Republican lawmakers demand answers from Chair Gary Gensler, the spotlight shines on the SEC’s approval process and the underlying factors that led to Prometheum’s unique status as an SPBD.
The outcome of this inquiry could have far-reaching implications for the regulation of digital assets and the broader crypto industry.
#crypto2023 #Worldcoin #bitcoin
Led by Chair Patrick McHenry, 23 House Financial Services Committee lawmakers have sent a letter to SEC Chair Gary Gensler, demanding an explanation regarding Prometheum’s approval as a crypto broker-dealer.
Claim the JACKPOT with 55 FREE SPINS. Signup today to redeem your bonus.
Lawmakers Allege Strategic Move Via Prometheum’s Crypto Approval
Their inquiry focuses on Prometheum’s status as a special purpose broker-dealer (SPBD) for “crypto securities.”
Related Reading: SEC Delays Ruling On Grayscale’s Bitcoin ETF Application: Will the Decision Arrive In 3 Days?
Introduced by the SEC in December 2020, the SPBD framework was designed to enable custody and transactions involving digital asset securities. Notably, the Financial Industry Regulatory Authority (FINRA) approval is a prerequisite for SPBDs to operate, and until May 17, 2023, no SPBD had received such approval.
The approval of Prometheum Ember Capital, a subsidiary of Prometheum, as the first and sole SPBD under the new regime has raised concerns among Republican lawmakers.
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!
They also question the timing of the approval, which coincided with a joint hearing held by the House Financial Services Committee and the House Agriculture Committee on crypto assets market regulation.
Moreover, the lawmakers suspect the approval was strategically aimed at “undermining” the need for legislative action by showcasing an already functional regulatory framework for digital asset securities custody.
While Prometheum claims to offer a comprehensive solution for regulated crypto asset offerings, it has yet to serve a single customer, according to the House Financial Services Committee.
Additionally, the firm has not disclosed the digital asset securities supported on its platform, raising questions about its eligibility criteria. Notably, the SEC has not provided definitive guidance on what constitutes a digital asset as a security, making it difficult to ascertain the scope of Prometheum’s operations.
Prometheum’s Chinese Connection Raises National Security Concerns
In the letter issued to Gary Gensler, Republican lawmakers also expressed concerns regarding Prometheum’s limited operational capabilities, precisely its inability to perform clearing or settlement services necessary for operating as an alternative trading system.
Given these limitations, the lawmakers question why FINRA approved a firm with no operational history or customer track record over other applicants.
Moreover, deeper concerns arise regarding national security and data privacy. As reported by Bitcoinist, In 2018, Prometheum partnered with Shanghai Wanxiang Blockchain Inc., a Chinese entity involved in blockchain software development.
Although the agreement was subsequently terminated, questions persist about the potential involvement of a Chinese entity in Prometheum’s early-stage technology development. Notably, a representative of the Chinese entity, Feng Ziao, holds a directorial position at Prometheum.
Related Reading: Despite SEC’s Legal Onslaught, These Altcoins Have Witnessed Resurgence in Trading Volume
As Republican lawmakers demand answers from Chair Gary Gensler, the spotlight shines on the SEC’s approval process and the underlying factors that led to Prometheum’s unique status as an SPBD.
The outcome of this inquiry could have far-reaching implications for the regulation of digital assets and the broader crypto industry.
#crypto2023 #Worldcoin #bitcoin
nice
LIVE
Moonfasa
--
BUYING IN THIS ACCUMULATION ZONE NOW IS A SUREFIRE WAY TO CREATE A NEW WAVE OF MILLIONAIRES IN 2025!🥂
You only have a limited window of 9-12 months to invest in your preferred #crypto projects!
Disclaimer: THIS IS NOT FINANCIAL ADVICE
Holders of altcoins such as:
$ROSE
$RIO
$AZERO
$FET
$KAS
$RDNT
$RUNE
$NAKA
will undoubtedly reap massive rewards in 2025!🔥
You only have a limited window of 9-12 months to invest in your preferred #crypto projects!
Disclaimer: THIS IS NOT FINANCIAL ADVICE
Holders of altcoins such as:
$ROSE
$RIO
$AZERO
$FET
$KAS
$RDNT
$RUNE
$NAKA
will undoubtedly reap massive rewards in 2025!🔥
Market is very Down in this week #Binance
LIVEjoelano_Dior
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Bitcoin, Ethereum, and Altcoins Are Bleeding, but Why is Crypto Market Down Today?
The cryptocurrency market experienced a massive crash today, with the total market capitalization falling over 9% to $1.04 trillion. The two largest cryptocurrencies, Bitcoin and Ethereum, were hit particularly hard, both losing over 10% in the last 24 hours.
Bitcoin is currently trading around the $26,000 level, after breaking below the key support at $28,000 earlier today. Meanwhile, Ethereum has plunged to around $1,600, slicing through the $1,700 support. The steep declines in these two bellwether cryptocurrencies tend to drag down the broader altcoin market.
As expected, major altcoins like XRP and Shiba Inu were caught in the storm, with both losing over 15% of their value today. XRPdropped below the crucial $0.50 support, while Shiba Inu broke below $0.000008. The mass exodus of capital from the crypto space has left many altcoins in freefall.
Nearly $800 million worth of cryptocurrency positions were forcefully closed out in under half an hour today, as prices plunged. Traders unable to meet margin calls saw their bets automatically exited, fueling further declines. The huge level of liquidations highlights the volatile and risky nature of the cryptocurrency market.
Analysts have pointed to several factors that could explain this broad-based crypto sell-off:
Seasonal Lull: August is historically a slow month for markets in general due to summer vacations. Lower trading volumes tend to exacerbate price declines. Historically, it happened that a market crashes in August, several months before Bitcoin halving in April next year.
Breaking News: It was revealed today that Elon Musk’s SpaceX has sold its entire Bitcoin holdings of $373 million. This news of a major player exiting the market likely spooked retail investors.
Technical Selloff: Bitcoin has been struggling to hold above $30,000 for some weeks now. The decisive break below this key support triggered stop losses and liquidations of leveraged long positions, catalyzing the steep fall.
The recent weakness in the crypto markets has shaken investor confidence. Some are calling this a classic “bear trap” setup, hoping for a trend reversal. Others worry this could be the start of a deeper downturn, advising caution. Either way, volatility is likely to remain high in the coming days.
Bitcoin is currently trading around the $26,000 level, after breaking below the key support at $28,000 earlier today. Meanwhile, Ethereum has plunged to around $1,600, slicing through the $1,700 support. The steep declines in these two bellwether cryptocurrencies tend to drag down the broader altcoin market.
As expected, major altcoins like XRP and Shiba Inu were caught in the storm, with both losing over 15% of their value today. XRPdropped below the crucial $0.50 support, while Shiba Inu broke below $0.000008. The mass exodus of capital from the crypto space has left many altcoins in freefall.
Nearly $800 million worth of cryptocurrency positions were forcefully closed out in under half an hour today, as prices plunged. Traders unable to meet margin calls saw their bets automatically exited, fueling further declines. The huge level of liquidations highlights the volatile and risky nature of the cryptocurrency market.
Analysts have pointed to several factors that could explain this broad-based crypto sell-off:
Seasonal Lull: August is historically a slow month for markets in general due to summer vacations. Lower trading volumes tend to exacerbate price declines. Historically, it happened that a market crashes in August, several months before Bitcoin halving in April next year.
Breaking News: It was revealed today that Elon Musk’s SpaceX has sold its entire Bitcoin holdings of $373 million. This news of a major player exiting the market likely spooked retail investors.
Technical Selloff: Bitcoin has been struggling to hold above $30,000 for some weeks now. The decisive break below this key support triggered stop losses and liquidations of leveraged long positions, catalyzing the steep fall.
The recent weakness in the crypto markets has shaken investor confidence. Some are calling this a classic “bear trap” setup, hoping for a trend reversal. Others worry this could be the start of a deeper downturn, advising caution. Either way, volatility is likely to remain high in the coming days.
Bad Dayof My Life
LIVEKingGehendra
--
What is Crypto Market Dumped ?
"Crypto #market dumped" refers to a situation in the cryptocurrency market where the prices of various cryptocurrencies experience a sudden and significant decrease over a short period of time. This can result in a sharp decline in the overall market capitalization of the cryptocurrency market.
A "dump" in this context typically refers to a large number of investors or traders selling off their cryptocurrency holdings, causing the prices to drop due to an increase in supply and potentially a decrease in demand. Market dumps can be triggered by a variety of factors, including negative news, regulatory announcements, security breaches, macroeconomic #trends, and changes in investor sentiment.
It's important to note that the #cryptocurrency market is known for its high volatility, which means that prices can experience rapid fluctuations both up and down. As a result, market dumps are not uncommon in the cryptocurrency space, and investors should exercise caution and do their own research before making #investment decisions.
A "dump" in this context typically refers to a large number of investors or traders selling off their cryptocurrency holdings, causing the prices to drop due to an increase in supply and potentially a decrease in demand. Market dumps can be triggered by a variety of factors, including negative news, regulatory announcements, security breaches, macroeconomic #trends, and changes in investor sentiment.
It's important to note that the #cryptocurrency market is known for its high volatility, which means that prices can experience rapid fluctuations both up and down. As a result, market dumps are not uncommon in the cryptocurrency space, and investors should exercise caution and do their own research before making #investment decisions.
LIVEKingGehendra
--
What is crypto Market Cap and how to it's work ?
#Cryptocurrency market capitalization, often referred to as "crypto market cap," is a measure of the total value of a cryptocurrency or the entire cryptocurrency market. It provides a way to assess the relative size and importance of different cryptocurrencies in comparison to each other and the broader financial markets. Market capitalization is a common metric used in traditional financial markets as well, such as for stocks and other assets.
The formula to calculate the market capitalization of a cryptocurrency is:
Market Cap = Current Price per Coin * Total Circulating Supply of #Coins
Here's a breakdown of the components:
Current Price per Coin: This is the current #market price of a single unit of the cryptocurrency.
Total Circulating Supply of Coins: This refers to the total number of coins that are currently in circulation and available to be traded. It excludes any coins that are locked, burned, or not yet mined.
Market capitalization is a reflection of investor sentiment and interest in a particular cryptocurrency. It doesn't directly indicate the amount of money that has been invested in a cryptocurrency or its liquidity. It's important to note that market cap can change rapidly due to fluctuations in the cryptocurrency's price and changes in the circulating supply.
The market cap of the entire #cryptocurrency market is the sum of the market caps of all individual cryptocurrencies listed. Major cryptocurrencies like Bitcoin and Ethereum typically have the largest market caps, but there are thousands of smaller cryptocurrencies contributing to the overall market cap as well.
How Market Cap Works:
Ranking and Comparison: Market cap helps #rank cryptocurrencies based on their relative size. This ranking is often used by investors and traders to assess the importance and popularity of different cryptocurrencies.
Investor Interest: Higher market cap cryptocurrencies are generally considered more established and stable, attracting more investor interest and potentially more institutional investment.
Market Trends: Changes in the total cryptocurrency market cap can indicate market trends. For example, a significant increase in market cap might suggest a bullish market sentiment, while a decrease could indicate a bearish sentiment.
Market Performance: Investors might track changes in market cap over time to evaluate the performance of their investments and to identify potential opportunities.
Volatility and Risk Assessment: Market cap can also provide insights into the potential volatility and risk associated with a cryptocurrency. Generally, cryptocurrencies with lower market caps can be more volatile and riskier.
It's important to remember that while market cap is a useful metric, it doesn't provide a complete picture of a cryptocurrency's value or potential. It's just one of many factors to consider when evaluating and investing in cryptocurrencies. Other factors include technology, use case, team, adoption, and market #trends. #cryptocurrency
The formula to calculate the market capitalization of a cryptocurrency is:
Market Cap = Current Price per Coin * Total Circulating Supply of #Coins
Here's a breakdown of the components:
Current Price per Coin: This is the current #market price of a single unit of the cryptocurrency.
Total Circulating Supply of Coins: This refers to the total number of coins that are currently in circulation and available to be traded. It excludes any coins that are locked, burned, or not yet mined.
Market capitalization is a reflection of investor sentiment and interest in a particular cryptocurrency. It doesn't directly indicate the amount of money that has been invested in a cryptocurrency or its liquidity. It's important to note that market cap can change rapidly due to fluctuations in the cryptocurrency's price and changes in the circulating supply.
The market cap of the entire #cryptocurrency market is the sum of the market caps of all individual cryptocurrencies listed. Major cryptocurrencies like Bitcoin and Ethereum typically have the largest market caps, but there are thousands of smaller cryptocurrencies contributing to the overall market cap as well.
How Market Cap Works:
Ranking and Comparison: Market cap helps #rank cryptocurrencies based on their relative size. This ranking is often used by investors and traders to assess the importance and popularity of different cryptocurrencies.
Investor Interest: Higher market cap cryptocurrencies are generally considered more established and stable, attracting more investor interest and potentially more institutional investment.
Market Trends: Changes in the total cryptocurrency market cap can indicate market trends. For example, a significant increase in market cap might suggest a bullish market sentiment, while a decrease could indicate a bearish sentiment.
Market Performance: Investors might track changes in market cap over time to evaluate the performance of their investments and to identify potential opportunities.
Volatility and Risk Assessment: Market cap can also provide insights into the potential volatility and risk associated with a cryptocurrency. Generally, cryptocurrencies with lower market caps can be more volatile and riskier.
It's important to remember that while market cap is a useful metric, it doesn't provide a complete picture of a cryptocurrency's value or potential. It's just one of many factors to consider when evaluating and investing in cryptocurrencies. Other factors include technology, use case, team, adoption, and market #trends. #cryptocurrency
#Shibainu is best
LIVEKingGehendra
--
Shiba Inu
Shiba Inu is a meme cryptocurrency that was launched in 2020 by a person using the pseudonym “Ryoshi”. The project is heavily inspired by the Dogecoin cryptocurrency, and also features the Shiba Inu dog breed in its branding. In contrast to Dogecoin, which has its own blockchain, Shiba Inu is issued on the Ethereum blockchain as an ERC-20 token.
During the SHIB token launch, half of the supply was sent to Ethereum founder Vitalik Buterin (who is not involved with the project in any way). The project framed this as a token burn. Buterin did eventually burn the vast majority of his SHIB holdings and sold the rest of his tokens to fund charitable donations.
SHIB saw a significant spike in popularity in 2021 and became the second-largest meme coin by market cap, second only to Dogecoin. In addition, SHIB is one of the most popular penny cryptos at the moment, making it one of the leading candidates for the next cryptocurrency to explode in 2023.
Why Shiba Inu?
The Shiba Inu project is currently working on Shibarium, a layer 2 platform for Ethereum designed to provide more efficient transactions to users. Shibarium is currently in the testnet phase. Shibarium’s “Puppynet” testnet has been seeing some encouraging activity, with over 800,000 transactions being completed so far. In addition, the testnet has seen more than 100,000 unique wallet addresses.
The Shibarium platform will use the BONE token for gas fees and validator incentives. In addition, the base gas fees paid on Shibarium will be used to burn SHIB tokens, reducing SHIB’s supply over the time.
Shibarium will provide an alternative for users that want to avoid the high transaction costs on the Ethereum mainnet. Per the Shiba Inu development team, they’re primarily looking to target the metaverse and gaming sectors with their layer 2.
The upcoming release of Shibarium will be one of the biggest milestones in the history of the Shiba Inu project, so it will definitely be worth watching the SHIB markets moving forward. However, don’t expect SHIB to reach $1 or $0.50 anytime soon.
During the SHIB token launch, half of the supply was sent to Ethereum founder Vitalik Buterin (who is not involved with the project in any way). The project framed this as a token burn. Buterin did eventually burn the vast majority of his SHIB holdings and sold the rest of his tokens to fund charitable donations.
SHIB saw a significant spike in popularity in 2021 and became the second-largest meme coin by market cap, second only to Dogecoin. In addition, SHIB is one of the most popular penny cryptos at the moment, making it one of the leading candidates for the next cryptocurrency to explode in 2023.
Why Shiba Inu?
The Shiba Inu project is currently working on Shibarium, a layer 2 platform for Ethereum designed to provide more efficient transactions to users. Shibarium is currently in the testnet phase. Shibarium’s “Puppynet” testnet has been seeing some encouraging activity, with over 800,000 transactions being completed so far. In addition, the testnet has seen more than 100,000 unique wallet addresses.
The Shibarium platform will use the BONE token for gas fees and validator incentives. In addition, the base gas fees paid on Shibarium will be used to burn SHIB tokens, reducing SHIB’s supply over the time.
Shibarium will provide an alternative for users that want to avoid the high transaction costs on the Ethereum mainnet. Per the Shiba Inu development team, they’re primarily looking to target the metaverse and gaming sectors with their layer 2.
The upcoming release of Shibarium will be one of the biggest milestones in the history of the Shiba Inu project, so it will definitely be worth watching the SHIB markets moving forward. However, don’t expect SHIB to reach $1 or $0.50 anytime soon.
Top 6 Currency that i advise to invest
1. BTC
2. BNB
3. ETH
4. SOL
5. LINK
6. DOGE
#crypto2023 #Worldcoin #Worldcoin #Binance $BTC $ETH $BNB
1. BTC
2. BNB
3. ETH
4. SOL
5. LINK
6. DOGE
#crypto2023 #Worldcoin #Worldcoin #Binance $BTC $ETH $BNB
Top 10 Countries Where Cryptocurrencies are Legal. $BTC $ETH $BNB $
1. El Salvador
2. Slovenia
3. Germany
4. Canada
5. Malta
6. The Netherlands
7. Singapore
8. Estonia
9. Switzerland
10. Portugal
#FDUSD #Binance #bitcoin #blockchain #MultiChain
1. El Salvador
2. Slovenia
3. Germany
4. Canada
5. Malta
6. The Netherlands
7. Singapore
8. Estonia
9. Switzerland
10. Portugal
#FDUSD #Binance #bitcoin #blockchain #MultiChain
Top 6 Bitcoin banned Country List
1.Algeria. Arguing that they are not backed by anything physical, Algeria has banned cryptocurrencies.
2.Bolivia. The Central Bank has prohibited the use of cryptocurrencies because of their unregulated nature.
3.Bangladesh. Citing possibilities for money laundering and being unauthorized by the Bangladesh bank, Bitcoin and other cryptocurrencies are illegal.
4.Dominican Republic. Citing that they are not legal tender, cryptocurrencies are illegal in the Dominican Republic.
5.Ghana. Although cryptocurrencies are regarded as illegal in Ghana, the Bank of Ghana sees blockchain's potential and are assessing how to fit it into their financial structure.
6.Nepal. Nepal's central bank has banned Bitcoin because it is not a legal currency.
1.Algeria. Arguing that they are not backed by anything physical, Algeria has banned cryptocurrencies.
2.Bolivia. The Central Bank has prohibited the use of cryptocurrencies because of their unregulated nature.
3.Bangladesh. Citing possibilities for money laundering and being unauthorized by the Bangladesh bank, Bitcoin and other cryptocurrencies are illegal.
4.Dominican Republic. Citing that they are not legal tender, cryptocurrencies are illegal in the Dominican Republic.
5.Ghana. Although cryptocurrencies are regarded as illegal in Ghana, the Bank of Ghana sees blockchain's potential and are assessing how to fit it into their financial structure.
6.Nepal. Nepal's central bank has banned Bitcoin because it is not a legal currency.
Futures trading involves buying or selling contracts that obligate you to buy or sell an asset at a predetermined price on a specific date in the future. It's commonly used for commodities, currencies, and financial instruments. Traders use futures to speculate on price movements and manage risks. Keep in mind that futures trading can be complex and risky, so it's important to understand the market and potential risks before getting involved.#Binance #futurestrading $BTC $BNB $ETH
What is Crypto Asset Investment ? how to work?
Embracing the volatility, seizing the opportunities. 📉📈
Crypto asset investment refers to the practice of investing in cryptocurrencies or digital assets with the aim of generating a financial return over time. Cryptocurrencies are decentralized digital currencies that use cryptography for security and operate on blockchain technology. Investing in crypto assets can be similar to traditional investing in stocks, bonds, or commodities, but there are some unique aspects and considerations to keep in mind. Here's how crypto asset investment generally works:
1. **Research and Education:** Before investing in any cryptocurrency, it's important to educate yourself about the technology, the project behind the cryptocurrency, its use case, market trends, and potential risks. Understanding the fundamentals will help you make informed investment decisions.
2. **Selecting Cryptocurrencies:** There are thousands of cryptocurrencies available, each with its own features, purposes, and potential for growth. Some popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). You'll need to research and select the cryptocurrencies that align with your investment goals and risk tolerance.
3. **Choosing a Cryptocurrency Exchange:** To invest in cryptocurrencies, you'll typically need to use a cryptocurrency exchange. Exchanges are platforms where you can buy, sell, and trade cryptocurrencies. Some well-known exchanges include Binance, Coinbase, Kraken, and Bitfinex. Choose an exchange that is reputable, secure, and offers the cryptocurrencies you're interested in.
4. **Creating an Account:** Sign up for an account on your chosen cryptocurrency exchange. This usually involves providing your email, creating a password, and going through a verification process to comply with regulations.
5. **Depositing Funds:** Deposit your fiat currency (like USD, EUR, etc.) into your exchange account. Some exchanges also allow you to deposit other cryptocurrencies.
6. **Buying Cryptocurrencies:** Once your account is funded, you can place buy orders for the cryptocurrencies you want. You can specify the amount you want to buy and the price you're willing to pay. If your order matches an existing sell order, the trade will be executed.
7. **Storage and Security:** After purchasing cryptocurrencies, you have the option to store them on the exchange or transfer them to a personal cryptocurrency wallet. Hardware wallets, software wallets, and online wallets are options for securely storing your crypto assets.
8. **Monitoring and Managing:** Keep track of your investments and the market trends. Cryptocurrency prices can be highly volatile, so it's important to stay informed and be prepared for fluctuations.
9. **Selling or Trading:** Depending on your investment strategy, you can sell your cryptocurrencies to realize gains or losses. You can also engage in trading to take advantage of short-term price movements.
10. **Tax Considerations:** Cryptocurrency investments may have tax implications depending on your country's regulations. Be sure to understand and comply with tax reporting requirements.
Remember that investing in cryptocurrencies carries risks, including price volatility, regulatory changes, security concerns, and the potential for loss of funds. It's important to only invest what you can afford to lose and to do thorough research before making any investment decisions. If you're new to crypto investing, consider seeking advice from financial professionals with experience in the field.#Binance #investment #BTC #GOATMoments $BTC $ETH $BNB
Crypto asset investment refers to the practice of investing in cryptocurrencies or digital assets with the aim of generating a financial return over time. Cryptocurrencies are decentralized digital currencies that use cryptography for security and operate on blockchain technology. Investing in crypto assets can be similar to traditional investing in stocks, bonds, or commodities, but there are some unique aspects and considerations to keep in mind. Here's how crypto asset investment generally works:
1. **Research and Education:** Before investing in any cryptocurrency, it's important to educate yourself about the technology, the project behind the cryptocurrency, its use case, market trends, and potential risks. Understanding the fundamentals will help you make informed investment decisions.
2. **Selecting Cryptocurrencies:** There are thousands of cryptocurrencies available, each with its own features, purposes, and potential for growth. Some popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). You'll need to research and select the cryptocurrencies that align with your investment goals and risk tolerance.
3. **Choosing a Cryptocurrency Exchange:** To invest in cryptocurrencies, you'll typically need to use a cryptocurrency exchange. Exchanges are platforms where you can buy, sell, and trade cryptocurrencies. Some well-known exchanges include Binance, Coinbase, Kraken, and Bitfinex. Choose an exchange that is reputable, secure, and offers the cryptocurrencies you're interested in.
4. **Creating an Account:** Sign up for an account on your chosen cryptocurrency exchange. This usually involves providing your email, creating a password, and going through a verification process to comply with regulations.
5. **Depositing Funds:** Deposit your fiat currency (like USD, EUR, etc.) into your exchange account. Some exchanges also allow you to deposit other cryptocurrencies.
6. **Buying Cryptocurrencies:** Once your account is funded, you can place buy orders for the cryptocurrencies you want. You can specify the amount you want to buy and the price you're willing to pay. If your order matches an existing sell order, the trade will be executed.
7. **Storage and Security:** After purchasing cryptocurrencies, you have the option to store them on the exchange or transfer them to a personal cryptocurrency wallet. Hardware wallets, software wallets, and online wallets are options for securely storing your crypto assets.
8. **Monitoring and Managing:** Keep track of your investments and the market trends. Cryptocurrency prices can be highly volatile, so it's important to stay informed and be prepared for fluctuations.
9. **Selling or Trading:** Depending on your investment strategy, you can sell your cryptocurrencies to realize gains or losses. You can also engage in trading to take advantage of short-term price movements.
10. **Tax Considerations:** Cryptocurrency investments may have tax implications depending on your country's regulations. Be sure to understand and comply with tax reporting requirements.
Remember that investing in cryptocurrencies carries risks, including price volatility, regulatory changes, security concerns, and the potential for loss of funds. It's important to only invest what you can afford to lose and to do thorough research before making any investment decisions. If you're new to crypto investing, consider seeking advice from financial professionals with experience in the field.#Binance #investment #BTC #GOATMoments $BTC $ETH $BNB
EgonSwap Token Rewards
The Eagle Network launched its mobile mining app on Feb 21, 2021. Since then, it has acquired over 3 million miners. Eagle Network comprises a set of apps and games with a core focus on increasing awareness regarding cryptocurrency and blockchain technology through real-time execution methods like mobile mining and playing games to win. In addition, EGONSWAP DEX and CRYPTOKARA wallet app prioritize security and users complete control over their assets.
Eagle Network expanded its horizons in October 2022, by launching Egon. For this pursuit, Egon Chain will use EPoSA as the hashing algorithm generating seamless and straightforward transactions and near-zero transaction costs. #GOATMoments #news #elonmusk #BNB #earnfreecrypto $BTC $ETH $BNB
The Eagle Network launched its mobile mining app on Feb 21, 2021. Since then, it has acquired over 3 million miners. Eagle Network comprises a set of apps and games with a core focus on increasing awareness regarding cryptocurrency and blockchain technology through real-time execution methods like mobile mining and playing games to win. In addition, EGONSWAP DEX and CRYPTOKARA wallet app prioritize security and users complete control over their assets.
Eagle Network expanded its horizons in October 2022, by launching Egon. For this pursuit, Egon Chain will use EPoSA as the hashing algorithm generating seamless and straightforward transactions and near-zero transaction costs. #GOATMoments #news #elonmusk #BNB #earnfreecrypto $BTC $ETH $BNB
Pool mining refers to a collaborative approach where multiple miners combine their computational resources to increase the chances of earning cryptocurrency rewards. This is particularly common in proof-of-work blockchain networks like Bitcoin. By pooling their resources, miners have a higher likelihood of successfully mining a block and receiving a share of the block reward proportional to their contributed computing power.
Auto investment typically refers to automated investment strategies where financial decisions are made by algorithms or software,often without direct human intervention. These algorithms can analyze market trends,risk factors, and other relevant data to automatically manage and adjust investments in various assets, such as stocks, bonds, or cryptocurrencies. This approach aims to optimize returns while$BTC
Auto investment typically refers to automated investment strategies where financial decisions are made by algorithms or software,often without direct human intervention. These algorithms can analyze market trends,risk factors, and other relevant data to automatically manage and adjust investments in various assets, such as stocks, bonds, or cryptocurrencies. This approach aims to optimize returns while$BTC
#Binance New Binance feed feature 🤩🤩😍
LIVE
Binance Square Official
--
Binance Feed Feature Update Version 2.67
Hi Binancians, to better enhance both the user and creator experience we are excited to share you with the most recent update on Binance Feed on Ver 2.67 as follows.
Crypto Box Quiz
Introducing the Crypto Box Quiz feature to enhance engagement between creators and users. Creators can now share Crypto Boxes when they post their content. Users have the opportunity to claim these Crypto Boxes sent by creators simply by answering the questions correctly. Don’t miss out the opportunity to explore, engage, and interact with creators on Binance Feed (This feature will be available to EN and CN users only).
Direct access to the Assistant in Feed Center
Stay up-to-date with the latest events and messages from the Feed team by catching up with the Feed Assistant. Acting as a central hub, the Feed Assistant shares important events, updates, and information. It is now more prominent which allows creators to conveniently check new messages directly on the Feed center homepage. Stay tuned and never miss out on important updates!
Web feed optimizations
Add an “Open in app” button on the H5 website.
Show more comment information on the system notification
Creators can jump to the comment page by simply clicking the comment notification
Please kindly leave your feedback to the team and we will keep listening and enhancing the Feed.
Crypto Box Quiz
Introducing the Crypto Box Quiz feature to enhance engagement between creators and users. Creators can now share Crypto Boxes when they post their content. Users have the opportunity to claim these Crypto Boxes sent by creators simply by answering the questions correctly. Don’t miss out the opportunity to explore, engage, and interact with creators on Binance Feed (This feature will be available to EN and CN users only).
Direct access to the Assistant in Feed Center
Stay up-to-date with the latest events and messages from the Feed team by catching up with the Feed Assistant. Acting as a central hub, the Feed Assistant shares important events, updates, and information. It is now more prominent which allows creators to conveniently check new messages directly on the Feed center homepage. Stay tuned and never miss out on important updates!
Web feed optimizations
Add an “Open in app” button on the H5 website.
Show more comment information on the system notification
Creators can jump to the comment page by simply clicking the comment notification
Please kindly leave your feedback to the team and we will keep listening and enhancing the Feed.
