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If crypto is incorporated into Australia’s financial system, we will be lucky to avoid contagious collapse
#AustraliaCrypto
In a recent opinion piece, economist John Quiggin warns that integrating cryptocurrencies into Australia's financial system could precipitate a systemic collapse. He argues that cryptocurrencies lack intrinsic value, rendering them susceptible to rapid devaluation if public confidence wanes. Quiggin draws parallels to the 2008 Global Financial Crisis, suggesting that, similar to the collapse of complex financial derivatives, widespread crypto adoption could destabilize traditional financial institutions. He cautions that as traditional institutions' exposure to crypto-assets increases, the potential for a significant financial downturn escalates. Quiggin advocates for maintaining a clear separation between the crypto sector and the traditional financial system to mitigate these risks.
#AustraliaCrypto
In a recent opinion piece, economist John Quiggin warns that integrating cryptocurrencies into Australia's financial system could precipitate a systemic collapse. He argues that cryptocurrencies lack intrinsic value, rendering them susceptible to rapid devaluation if public confidence wanes. Quiggin draws parallels to the 2008 Global Financial Crisis, suggesting that, similar to the collapse of complex financial derivatives, widespread crypto adoption could destabilize traditional financial institutions. He cautions that as traditional institutions' exposure to crypto-assets increases, the potential for a significant financial downturn escalates. Quiggin advocates for maintaining a clear separation between the crypto sector and the traditional financial system to mitigate these risks.
Crypto assets can negatively impact financial stability, says RBI report
#BtcNewHolder
The Reserve Bank of India (RBI) has raised concerns about the potential risks posed by cryptocurrencies and stablecoins to macroeconomic and financial stability. In its recent Financial Stability Report, the RBI highlighted that widespread adoption of these digital assets could undermine monetary policy effectiveness, exacerbate fiscal risks, and threaten global financial stability. The central bank emphasized that, despite the current modest size of crypto markets, their rapid growth and increasing integration with traditional financial systems could pose systemic risks. The RBI's stance aligns with global regulatory bodies, such as the Financial Stability Board, which have also expressed concerns about the implications of crypto-assets and stablecoins on financial stability. As the crypto ecosystem continues to evolve, the RBI underscores the need for robust regulatory frameworks to mitigate potential threats to economic stability.
#BtcNewHolder
The Reserve Bank of India (RBI) has raised concerns about the potential risks posed by cryptocurrencies and stablecoins to macroeconomic and financial stability. In its recent Financial Stability Report, the RBI highlighted that widespread adoption of these digital assets could undermine monetary policy effectiveness, exacerbate fiscal risks, and threaten global financial stability. The central bank emphasized that, despite the current modest size of crypto markets, their rapid growth and increasing integration with traditional financial systems could pose systemic risks. The RBI's stance aligns with global regulatory bodies, such as the Financial Stability Board, which have also expressed concerns about the implications of crypto-assets and stablecoins on financial stability. As the crypto ecosystem continues to evolve, the RBI underscores the need for robust regulatory frameworks to mitigate potential threats to economic stability.
Pig Butchering' Scam: How China's 'Broken Tooth' stole over $75 bn from global investors using crypto currencies
#china
"Pig butchering" scams have defrauded global investors of over $75 billion, exploiting cryptocurrencies and sophisticated social engineering tactics. These schemes involve fraudsters building trust with victims over time, then convincing them to invest in fake crypto ventures. Wan Kuok-koi, known as "Broken Tooth," a former Macau triad leader, is allegedly linked to these operations. Alarmingly, such scams often involve human trafficking, with individuals coerced into participating in fraudulent activities. The anonymity of cryptocurrencies facilitates these crimes, making detection and prevention challenging. Authorities worldwide are intensifying efforts to combat these scams, but the rapidly evolving tactics of perpetrators necessitate increased vigilance from investors. It's crucial to approach unsolicited investment opportunities with skepticism and conduct thorough due diligence before engaging in any financial transactions.
#china
"Pig butchering" scams have defrauded global investors of over $75 billion, exploiting cryptocurrencies and sophisticated social engineering tactics. These schemes involve fraudsters building trust with victims over time, then convincing them to invest in fake crypto ventures. Wan Kuok-koi, known as "Broken Tooth," a former Macau triad leader, is allegedly linked to these operations. Alarmingly, such scams often involve human trafficking, with individuals coerced into participating in fraudulent activities. The anonymity of cryptocurrencies facilitates these crimes, making detection and prevention challenging. Authorities worldwide are intensifying efforts to combat these scams, but the rapidly evolving tactics of perpetrators necessitate increased vigilance from investors. It's crucial to approach unsolicited investment opportunities with skepticism and conduct thorough due diligence before engaging in any financial transactions.
Turkey to enforce strict crypto rules by 2025
#TürkiyeBinancesquare
Turkey is set to implement stringent cryptocurrency regulations by February 2025, aiming to align with global anti-money laundering standards. Key measures include mandatory identity verification for transactions exceeding 15,000 Turkish lira (approximately £425) and rigorous checks on unregistered wallets. Crypto service providers will be required to obtain licenses from the Capital Markets Board and will be subject to oversight by the Financial Crimes Investigation Board. Additionally, Turkey’s Scientific and Technological Research Council (TÜBİTAK) will audit the technological systems of these firms. While these regulations aim to enhance consumer protection and combat financial crimes, critics warn they could discourage smaller startups and limit innovation. Despite limitations on crypto payments, the proposed rules may open doors for larger, established firms to expand in the Turkish market.
#TürkiyeBinancesquare
Turkey is set to implement stringent cryptocurrency regulations by February 2025, aiming to align with global anti-money laundering standards. Key measures include mandatory identity verification for transactions exceeding 15,000 Turkish lira (approximately £425) and rigorous checks on unregistered wallets. Crypto service providers will be required to obtain licenses from the Capital Markets Board and will be subject to oversight by the Financial Crimes Investigation Board. Additionally, Turkey’s Scientific and Technological Research Council (TÜBİTAK) will audit the technological systems of these firms. While these regulations aim to enhance consumer protection and combat financial crimes, critics warn they could discourage smaller startups and limit innovation. Despite limitations on crypto payments, the proposed rules may open doors for larger, established firms to expand in the Turkish market.
Crypto Price Today: Bitcoin drops below $93,100; XRP, Shiba Inu fall up to 5%
$BTC prices have recently dipped below $93,100, reflecting a decline in the cryptocurrency market. Alongside Bitcoin, several alt-coins, including $SHIB , saw losses of up to 5%. The market is experiencing heightened volatility, as investors react to various factors, including market sentiment and macroeconomic conditions. These price drops emphasize the unpredictable nature of cryptocurrency markets, which can fluctuate significantly over short periods. For more details on the current market trends and specific coin performance, check out the full article here.
$BTC prices have recently dipped below $93,100, reflecting a decline in the cryptocurrency market. Alongside Bitcoin, several alt-coins, including $SHIB , saw losses of up to 5%. The market is experiencing heightened volatility, as investors react to various factors, including market sentiment and macroeconomic conditions. These price drops emphasize the unpredictable nature of cryptocurrency markets, which can fluctuate significantly over short periods. For more details on the current market trends and specific coin performance, check out the full article here.
1.14 Trillion PEPE in 24 Hours, What's Happening?
#pepe⚡
$PEPE , the frog-themed meme coin, has recently experienced a significant surge in trading activity, with over 1.14 trillion PEPE tokens traded within a 24-hour period. This uptick represents a 19.74% increase in market volume, reaching $2.13 billion, and has been accompanied by a 2.15% rise in PEPE's price, now at $0.00001868. Analysts suggest that for PEPE to revisit its mid-December peak of $0.00002760, a robust and engaged community is essential. Notably, Elon Musk's recent sharing of a PEPE meme on X has generated buzz, potentially influencing market sentiment. Additionally, the activity of large holders, or 'whales,' within the community could play a significant role in determining PEPE's future price direction. As the meme coin market remains highly volatile, the coming days will be crucial in assessing whether PEPE can sustain this momentum and achieve a substantial price rally.
#pepe⚡
$PEPE , the frog-themed meme coin, has recently experienced a significant surge in trading activity, with over 1.14 trillion PEPE tokens traded within a 24-hour period. This uptick represents a 19.74% increase in market volume, reaching $2.13 billion, and has been accompanied by a 2.15% rise in PEPE's price, now at $0.00001868. Analysts suggest that for PEPE to revisit its mid-December peak of $0.00002760, a robust and engaged community is essential. Notably, Elon Musk's recent sharing of a PEPE meme on X has generated buzz, potentially influencing market sentiment. Additionally, the activity of large holders, or 'whales,' within the community could play a significant role in determining PEPE's future price direction. As the meme coin market remains highly volatile, the coming days will be crucial in assessing whether PEPE can sustain this momentum and achieve a substantial price rally.
How Lightchain AI Is combining AI and blockchain like never before
#AI
Lightchain AI (LCAI) is pioneering the integration of artificial intelligence (AI) with blockchain technology, introducing innovations like the Proof of Intelligence (PoI) consensus mechanism and the Artificial Intelligence Virtual Machine (AIVM). PoI assigns AI computational tasks to network nodes, enhancing efficiency and security, while AIVM enables seamless execution of AI algorithms within the blockchain environment. This fusion addresses challenges such as data privacy, transparency, and scalability, positioning LCAI at the forefront of decentralized technology. By leveraging AI's computational power alongside blockchain's transparency, Lightchain AI is poised to revolutionize industries ranging from finance to healthcare, offering real-time applications and setting new standards in the digital landscape.
#AI
Lightchain AI (LCAI) is pioneering the integration of artificial intelligence (AI) with blockchain technology, introducing innovations like the Proof of Intelligence (PoI) consensus mechanism and the Artificial Intelligence Virtual Machine (AIVM). PoI assigns AI computational tasks to network nodes, enhancing efficiency and security, while AIVM enables seamless execution of AI algorithms within the blockchain environment. This fusion addresses challenges such as data privacy, transparency, and scalability, positioning LCAI at the forefront of decentralized technology. By leveraging AI's computational power alongside blockchain's transparency, Lightchain AI is poised to revolutionize industries ranging from finance to healthcare, offering real-time applications and setting new standards in the digital landscape.
Russia is using bitcoin in foreign trade, finance minister says
In a strategic move to counter Western sanctions, Russia has begun utilizing $BTC and other digital currencies for international trade, as confirmed by Finance Minister Anton Siluanov. Legislative changes this year have legalized cryptocurrency mining and facilitated these transactions, enabling Russia to leverage its substantial Bitcoin mining capabilities. President Vladimir Putin has criticized the U.S. for politicizing the dollar, advocating for digital currencies like Bitcoin as more reliable alternatives immune to global regulation. While this approach aims to mitigate the impact of sanctions, experts question the feasibility of large-scale cryptocurrency use for a G-20 economy, citing market limitations and liquidity concerns. Nonetheless, Russia's adoption of digital assets marks a significant shift in international finance, potentially influencing other nations to explore similar avenues.
#BtcNewHolder
In a strategic move to counter Western sanctions, Russia has begun utilizing $BTC and other digital currencies for international trade, as confirmed by Finance Minister Anton Siluanov. Legislative changes this year have legalized cryptocurrency mining and facilitated these transactions, enabling Russia to leverage its substantial Bitcoin mining capabilities. President Vladimir Putin has criticized the U.S. for politicizing the dollar, advocating for digital currencies like Bitcoin as more reliable alternatives immune to global regulation. While this approach aims to mitigate the impact of sanctions, experts question the feasibility of large-scale cryptocurrency use for a G-20 economy, citing market limitations and liquidity concerns. Nonetheless, Russia's adoption of digital assets marks a significant shift in international finance, potentially influencing other nations to explore similar avenues.
#BtcNewHolder
BREAKING: 80% of Japanese banks set to adopt #XRP by 2025.
$XRP
In a significant development for the cryptocurrency sector, 80% of Japanese banks plan to integrate XRP, Ripple's digital currency, into their operations by 2025. This move underscores Japan's commitment to blockchain innovation and positions XRP as a pivotal tool for efficient cross-border transactions. The widespread adoption is expected to enhance financial inclusion, reduce remittance costs, and potentially boost XRP's market value due to increased demand and institutional support. This initiative could serve as a model for global financial institutions, signaling a transformative shift in international finance.
As of December 29, 2024, XRP is trading at $0.85, reflecting a 5% increase over the past week. The cryptocurrency has a market capitalization of $40 billion, with a 24-hour trading volume of $2 billion. Analysts anticipate that the integration of XRP by Japanese banks could further positively impact its market performance.
This strategic adoption by Japanese banks highlights the growing trust in blockchain technology to revolutionize financial systems, potentially setting a precedent for other countries to follow.
#BtcNewHolder
$XRP
In a significant development for the cryptocurrency sector, 80% of Japanese banks plan to integrate XRP, Ripple's digital currency, into their operations by 2025. This move underscores Japan's commitment to blockchain innovation and positions XRP as a pivotal tool for efficient cross-border transactions. The widespread adoption is expected to enhance financial inclusion, reduce remittance costs, and potentially boost XRP's market value due to increased demand and institutional support. This initiative could serve as a model for global financial institutions, signaling a transformative shift in international finance.
As of December 29, 2024, XRP is trading at $0.85, reflecting a 5% increase over the past week. The cryptocurrency has a market capitalization of $40 billion, with a 24-hour trading volume of $2 billion. Analysts anticipate that the integration of XRP by Japanese banks could further positively impact its market performance.
This strategic adoption by Japanese banks highlights the growing trust in blockchain technology to revolutionize financial systems, potentially setting a precedent for other countries to follow.
#BtcNewHolder
$18 billion in Bitcoin and Ethereum options expire today: Market braces for big moves
#BtcNewHolder
On December 27, 2024, the cryptocurrency market witnessed a record expiry of $18 billion in $BTC and $ETH options, signaling increased trader interest and potential market volatility. Bitcoin's put/call ratio stood at 0.69, indicating bullish sentiment, while Ethereum's ratio dropped to 0.41, reflecting growing optimism among traders. With both BTC and ETH trading above their maximum pain prices, the market is poised for significant movements as leveraged positions may trigger sharp price changes.
#BtcNewHolder
On December 27, 2024, the cryptocurrency market witnessed a record expiry of $18 billion in $BTC and $ETH options, signaling increased trader interest and potential market volatility. Bitcoin's put/call ratio stood at 0.69, indicating bullish sentiment, while Ethereum's ratio dropped to 0.41, reflecting growing optimism among traders. With both BTC and ETH trading above their maximum pain prices, the market is poised for significant movements as leveraged positions may trigger sharp price changes.
Biden’s Tax Rule Fuels Crypto Volatility—Impacts XRP and BTC
#BtcNewHolder
On December 27, 2024, the Biden administration finalized a crypto broker tax reporting rule, mandating that decentralized finance (DeFi) platforms and other crypto entities report user activities to the IRS starting in 2027. This move aims to enhance tax compliance but has introduced volatility in the cryptocurrency market, notably affecting XRP and Bitcoin.
The Securities and Exchange Commission (SEC) is approaching a critical deadline in its case against Ripple, the company behind XRP. An appeal by the SEC could lead to XRP being delisted from major exchanges, while withdrawing the case might boost investor confidence and demand for $XRP
Additionally, $BTC Bitcoin's price has dipped below $95,000, influenced by factors including ETF outflows, the new tax regulations, and uncertainties surrounding Federal Reserve rate policies. These developments underscore the intricate relationship between regulatory actions and cryptocurrency market dynamics.
#BtcNewHolder
On December 27, 2024, the Biden administration finalized a crypto broker tax reporting rule, mandating that decentralized finance (DeFi) platforms and other crypto entities report user activities to the IRS starting in 2027. This move aims to enhance tax compliance but has introduced volatility in the cryptocurrency market, notably affecting XRP and Bitcoin.
The Securities and Exchange Commission (SEC) is approaching a critical deadline in its case against Ripple, the company behind XRP. An appeal by the SEC could lead to XRP being delisted from major exchanges, while withdrawing the case might boost investor confidence and demand for $XRP
Additionally, $BTC Bitcoin's price has dipped below $95,000, influenced by factors including ETF outflows, the new tax regulations, and uncertainties surrounding Federal Reserve rate policies. These developments underscore the intricate relationship between regulatory actions and cryptocurrency market dynamics.
S Korean Court Jails Pro Golfer, Ex-Crypto Exchange Chief for Altcoin Price Manipulation
A South Korean court has sentenced a former professional golfer and the ex-CEO of the cryptocurrency exchange Bithumb to prison for their involvement in altcoin price$ALT manipulation and bribery.
The Seoul Southern District Court handed a two-year prison sentence to Lee Sang-jun, the former CEO of Bithumb Holdings, for instructing his staff to list a specific altcoin in exchange for bribes. Additionally, former golfer Ahn Sung-hyun received a four-and-a-half-year prison term for his role in the scheme. Ahn is widely recognized in South Korea as the husband of actress and former K-pop group Fin.K.L member, Song Yu-ri.
The court found that Lee accepted 3 billion won (over $2 million) in cash and 400 million won ($271,000) worth of luxury items, including watches, bags, and high-end restaurant memberships, from businessman Kang Jong-hyun in 2021. In return, Lee agreed to list a specific virtual asset on the Bithumb exchange. Kang, known as the "Bithumb secret owner," was also sentenced to one and a half years in prison for his involvement.
The court criticized the actions of the accused, stating that their conduct undermined the fairness and transparency of the crypto asset market, potentially leading to significant losses for honest investors.
This case highlights the ongoing challenges faced by the cryptocurrency industry in maintaining market integrity and the serious legal consequences of engaging in fraudulent activities.
A South Korean court has sentenced a former professional golfer and the ex-CEO of the cryptocurrency exchange Bithumb to prison for their involvement in altcoin price$ALT manipulation and bribery.
The Seoul Southern District Court handed a two-year prison sentence to Lee Sang-jun, the former CEO of Bithumb Holdings, for instructing his staff to list a specific altcoin in exchange for bribes. Additionally, former golfer Ahn Sung-hyun received a four-and-a-half-year prison term for his role in the scheme. Ahn is widely recognized in South Korea as the husband of actress and former K-pop group Fin.K.L member, Song Yu-ri.
The court found that Lee accepted 3 billion won (over $2 million) in cash and 400 million won ($271,000) worth of luxury items, including watches, bags, and high-end restaurant memberships, from businessman Kang Jong-hyun in 2021. In return, Lee agreed to list a specific virtual asset on the Bithumb exchange. Kang, known as the "Bithumb secret owner," was also sentenced to one and a half years in prison for his involvement.
The court criticized the actions of the accused, stating that their conduct undermined the fairness and transparency of the crypto asset market, potentially leading to significant losses for honest investors.
This case highlights the ongoing challenges faced by the cryptocurrency industry in maintaining market integrity and the serious legal consequences of engaging in fraudulent activities.
Crypto Mining: A Beginner’s Guide to Mining Approaches
Cryptocurrency mining is the process of verifying transactions and adding them to a blockchain ledger. Miners use computational power to solve complex mathematical problems, and in return, they earn cryptocurrency rewards. For beginners, mining can be a rewarding venture, but it’s important to understand the approaches, costs, and potential challenges before getting started.
How Does Mining Work?
Mining ensures the security and decentralization of blockchain networks like Bitcoin. By solving cr
How Does Mining Work?
Mining ensures the security and decentralization of blockchain networks like Bitcoin. By solving cr
Game NFTs: Revolutionizing the Gaming Industry
Non-fungible tokens (NFTs) have emerged as a groundbreaking innovation in blockchain technology, and the gaming industry is one of the sectors benefiting the most. Game NFTs are unique digital assets that represent ownership of in-game items, characters, or experiences. They have redefined the way players interact with games, offering true ownership, interoperability, and potential for financial gain.
What are Game NFTs?
Game NFTs are tokenized assets stored on a blockchain. Unlike traditional
What are Game NFTs?
Game NFTs are tokenized assets stored on a blockchain. Unlike traditional
Understanding Blockchain: The Backbone of Modern Technology
Blockchain is a revolutionary technology that underpins cryptocurrencies like $BTC and $ETH , but its applications extend far beyond digital currencies. It is essentially a decentralized, distributed ledger that records transactions across multiple nodes in a network, ensuring transparency, security, and immutability.
How Blockchain Works
At its core, blockchain operates through a series of blocks, each containing transaction data, a timestamp, and a cryptographic hash of the previous block. Th
How Blockchain Works
At its core, blockchain operates through a series of blocks, each containing transaction data, a timestamp, and a cryptographic hash of the previous block. Th
What Influences Cryptocurrency Prices?
Cryptocurrency prices are highly volatile and influenced by various factors. Understanding these can help traders and investors make informed decisions.
1. Supply and Demand
Like any market, cryptocurrency prices are driven by supply and demand. A limited supply (e.g. $BTC Bitcoin’s 21 million cap) coupled with high demand often leads to price increases. Conversely, oversupply or reduced interest can drive prices down.
2. Market Sentiment
Public perception plays a significant role. Positive news
1. Supply and Demand
Like any market, cryptocurrency prices are driven by supply and demand. A limited supply (e.g. $BTC Bitcoin’s 21 million cap) coupled with high demand often leads to price increases. Conversely, oversupply or reduced interest can drive prices down.
2. Market Sentiment
Public perception plays a significant role. Positive news
What is a Meme Coin? Exploring the Hype and Risks
A meme coin is a type of cryptocurrency inspired by internet memes, jokes, or cultural trends. Unlike traditional cryptocurrencies such as Bitcoin or Ethereum, meme coins often lack intrinsic utility or innovative technology. Their value is primarily driven by social media buzz, online communities, and public sentiment.
The Origin of Meme Coins
The concept of meme coins started with Dogecoin ($DOGE ) in 2013, created as a parody of Bitcoin. It featured the Shiba Inu dog from the popular "Doge"
The Origin of Meme Coins
The concept of meme coins started with Dogecoin ($DOGE ) in 2013, created as a parody of Bitcoin. It featured the Shiba Inu dog from the popular "Doge"
Ethereum 2.0: A Game Changer for Blockchain Technology
$ETH
Ethereum 2.0, also known as Eth2 or The Merge, marks a significant upgrade to the Ethereum blockchain. Its primary aim is to address scalability, security, and energy efficiency while ensuring Ethereum's dominance in the decentralized ecosystem.
What’s New in Ethereum 2.0?
1. Transition to Proof of Stake (PoS):
Ethereum 2.0 has shifted from the energy-intensive Proof of Work (PoW) mechanism to PoS. This change reduces Ethereum's energy consumption by over 99%, making it more eco-friendly.
2. Scalability with Sharding:
Sharding splits the Ethereum network into smaller chains (shards), enabling parallel transactions and reducing network congestion. This innovation can handle thousands of transactions per second, a leap from Ethereum 1.0's 30 TPS.
$ETH
Ethereum 2.0, also known as Eth2 or The Merge, marks a significant upgrade to the Ethereum blockchain. Its primary aim is to address scalability, security, and energy efficiency while ensuring Ethereum's dominance in the decentralized ecosystem.
What’s New in Ethereum 2.0?
1. Transition to Proof of Stake (PoS):
Ethereum 2.0 has shifted from the energy-intensive Proof of Work (PoW) mechanism to PoS. This change reduces Ethereum's energy consumption by over 99%, making it more eco-friendly.
2. Scalability with Sharding:
Sharding splits the Ethereum network into smaller chains (shards), enabling parallel transactions and reducing network congestion. This innovation can handle thousands of transactions per second, a leap from Ethereum 1.0's 30 TPS.
How to Maximize Your Gains with Binance Futures Trading
Binance Futures is a powerful platform that allows traders to maximize their profits by leveraging market movements. But how can you use it effectively while minimizing risk? Here’s a quick guide to help you trade smarter.
Understand Leverage
Leverage amplifies your trading power, enabling larger positions with less capital. Binance Futures offers up to 125x leverage, but start small. High leverage increases risk, so use it cautiously.
Use Stop-Loss Orders
Volatility is common in crypto markets. Setting a stop-loss ensures you exit trades at predefined levels, protecting your capital during unexpected price swings.
Diversify Your Strategy
Don’t rely on one trading pair. Explore options like BTC/USDT or ETH/USDT. Also, consider both long and short positions to profit from both rising and falling markets.
Stay Updated
Market trends and news heavily influence prices. Use Binance Square to track updates, analyze charts, and plan your moves based on reliable data.
Master Risk Management
Follow the 2% rule—don’t risk more than 2% of your trading capital on a single trade. This ensures longevity in trading.
By combining these strategies with discipline and research, you can unlock the full potential of Binance Futures while staying safe. Ready to make your next move? Start trading smart today!
#LearnTogether
Binance Futures is a powerful platform that allows traders to maximize their profits by leveraging market movements. But how can you use it effectively while minimizing risk? Here’s a quick guide to help you trade smarter.
Understand Leverage
Leverage amplifies your trading power, enabling larger positions with less capital. Binance Futures offers up to 125x leverage, but start small. High leverage increases risk, so use it cautiously.
Use Stop-Loss Orders
Volatility is common in crypto markets. Setting a stop-loss ensures you exit trades at predefined levels, protecting your capital during unexpected price swings.
Diversify Your Strategy
Don’t rely on one trading pair. Explore options like BTC/USDT or ETH/USDT. Also, consider both long and short positions to profit from both rising and falling markets.
Stay Updated
Market trends and news heavily influence prices. Use Binance Square to track updates, analyze charts, and plan your moves based on reliable data.
Master Risk Management
Follow the 2% rule—don’t risk more than 2% of your trading capital on a single trade. This ensures longevity in trading.
By combining these strategies with discipline and research, you can unlock the full potential of Binance Futures while staying safe. Ready to make your next move? Start trading smart today!
#LearnTogether
Trump announces slate of tech appointments, ‘crypto council’
$BTC
President-elect Donald Trump has announced key technology appointments for his upcoming administration, focusing on artificial intelligence (AI) and cryptocurrency policy. Michael Kratsios, former Chief Technology Officer (CTO), is nominated to lead the Office of Science and Technology Policy (OSTP). Dr. Lynne Parker, previous Deputy CTO, will serve as Executive Director of the Presidential Council of Advisors for Science and Technology. Sriram Krishnan, with extensive experience in Silicon Valley, is appointed as Senior Policy Advisor for AI within the OSTP. Bo Hines, a former congressional candidate, will direct the Presidential Council of Advisers for Digital Assets. These officials will report to David Sacks, designated as the administration's "AI and Crypto Czar," responsible for developing a legal framework for the cryptocurrency industry.
These appointments underscore the administration's commitment to advancing AI and cryptocurrency initiatives, aiming to position the United States as a leader in these rapidly evolving sectors.
#BtcNewHolder
$BTC
President-elect Donald Trump has announced key technology appointments for his upcoming administration, focusing on artificial intelligence (AI) and cryptocurrency policy. Michael Kratsios, former Chief Technology Officer (CTO), is nominated to lead the Office of Science and Technology Policy (OSTP). Dr. Lynne Parker, previous Deputy CTO, will serve as Executive Director of the Presidential Council of Advisors for Science and Technology. Sriram Krishnan, with extensive experience in Silicon Valley, is appointed as Senior Policy Advisor for AI within the OSTP. Bo Hines, a former congressional candidate, will direct the Presidential Council of Advisers for Digital Assets. These officials will report to David Sacks, designated as the administration's "AI and Crypto Czar," responsible for developing a legal framework for the cryptocurrency industry.
These appointments underscore the administration's commitment to advancing AI and cryptocurrency initiatives, aiming to position the United States as a leader in these rapidly evolving sectors.
#BtcNewHolder