Bitcoin, the world's leading cryptocurrency, has attracted tremendous attention from investors and financial institutions worldwide. One highly anticipated event is the approval and launch of a Bitcoin Exchange-Traded Fund (ETF). While the SEC has rejected several Bitcoin ETF applications in the past, experts predict that a breakthrough could come in January 2024.$BTC @crypto_MOJ news Several factors contribute to this prediction. Firstly, the growing interest and acceptance of digital assets by institutional investors could sway regulators in favor of a Bitcoin ETF. Major financial institutions, such as PayPal and Square, have embraced cryptocurrencies, increasing their legitimacy in the eyes of regulators.Secondly, the global economic climate is evolving rapidly, with central banks around the world exploring digital currencies. China has already piloted its digital yuan, while the European Central Bank and the United States Federal Reserve are actively researching their own digital currencies. These developments may ease the concerns of regulators regarding the volatility and security risks associated with cryptocurrencies.#ETFBitcoin Furthermore, January 2024 marks a significant milestone as it will be the 15th anniversary of Bitcoin's creation. This landmark event could serve as a catalyst for the approval of a Bitcoin ETF, as regulators may view it as a symbolic moment to grant wider access to this revolutionary asset class.However, it is important to note that the prediction of a Bitcoin ETF approval in January 2024 is purely speculative. Regulatory bodies like the SEC operate independently, prioritizing investor protection and market stability over meeting timelines. Therefore, the actual launch of a Bitcoin ETF may occur earlier or later than predicted. the introduction of a Bitcoin #ETFBitcoin could revolutionize the cryptocurrency market, allowing retail and institutional investors easier access to Bitcoin. While experts point to a potential breakthrough in January 2024, investors should remain cautious and closely monitor regulatory developments to avoid basing their investment decisions solely on speculative predictions.#CryptoMoj

The naira at the black market dropped to its lowest level in nearly eight weeks despite the dollar languishing at four-month lows as currency traders were positioned for deeper-than-expected interest rate cuts by the Federal Reserve in 2024.The naira traded at N1260 to the dollar at the parallel forex market where forex is sold unofficially.Nigeria has faced serious FX shortages since the pre-pandemic period of low oil prices, which prompted foreign investors to exit their local assets and repatriate their profits in dollars.The dearth of dollars eventually causes the naira to weaken because there is more demand for the few dollars available, increasing the value of the dollar as the local currency.Furthermore, the naira is likely going to have greater difficulties in the coming year because of Nigeria’s poor economic performance.PricewaterhouseCoopers anticipated that Nigeria’s slow growth rates, which were 2.5% in the second quarter and 2.3% in the first, would persist until 2024. The IMF’s forecast for 2024, at 3.3%, is hardly any better.Mr. Yemi Cardoso, the CBN chief, in his most recent statement, highlighted the decrease in revenue from oil exports in the upcoming year.The OPEC quota for Nigeria, which is set at 1.78 million barrels per day, will likely result in lower oil industry revenue for Nigeria next year, according to Mr. CardosoHe made references to production stoppages, crude oil theft, and divesting from major oil companies as the reasons behind the nation’s poor oil output in recent years. Additionally, the CBN Chief expects oil export revenue to decline in the coming year.#BinanceTournament The greenback was set to lose about 2% this week after the Fed said it was done raising interest rates and projected deeper rate cuts in 2024.The Fed’s dovish speech also spurred deep losses in U.S. Treasury yields and diminished the dollar’s appeal as traders began speculating over just when the Fed would begin trimming interest rates.The dollar was set for its steepest weekly drop against major currencies since July, weighed by growing prospects of U.S. rate cuts next year, while the euro and pound found support on Friday as central banks in Europe stuck to their hawkish paths.#CryptoMoj The focus now shifts to the Bank of Japan’s meeting the following week; as expectations of the BOJ to abandon its extremely loose monetary policy wane, the central bank is expected to end the year as one of the most dovish in the world.#FinanceSector Traders gained greater clarity on the timing of interest rate cuts during a busy week for central banks when Federal Reserve Chair Jerome Powell stated at the meeting on Wednesday that the tightening of monetary policy is likely to end and that talks about cuts are “coming into view.”.That has resulted in the greenback sliding against rivals, with the dollar index at 102.01, not far from the four-month low of 101.76 it touched on Thursday.The index is headed for its steepest weekly decline since July, having already dropped by almost 2%.The CME FedWatch tool indicates that markets are pricing in a 75% chance of a rate cut by the Fed in March. They are also pricing 150 basis points of rate reductions by December 2024, which is double the Fed’s projections that implied 75 basis points of cuts the following year.$BONK $INJ

I'm looking for some advice about how to talk my friend out of falling even further into a crypto scam.

This started with my friend "investing" $400 with this extremely shady sounding outfit that was promising impossible returns. I pointed out this was likely a scam, and they said "Oh, it's only $400. If it's a scam, all I can lose is $400." A few weeks later, their initial investment was doing impossibly well, gaining 3% per day... so they put in another $4000. -_-

At this point they have $22,000 in their investment account, in various coins, being traded by a robot. They can see their account, and see all the past trades, and see their current balance. They were thinking about putting in even more, so I encouraged them to first take some money out, to make sure this was a thing that was possible.

From here it's just gotten scammier and scammier, with the sales rep he's talking to telling him he doesn't want a customer who wants to withdraw money, or who asks about his operation online. But they agreed to cash out my friend and send him his money!

But first... he needs to create an account at a particular exchange and deposit $2200 to "establish himself on the blockchain."

At this point, I sent my friend to a reputable exchange, and said "Open an account here, don't deposit any money, figure out what kind of coin he wants to send you this in, send him your deposit address, receive the funds, withdraw the funds, close your account. They have no way of knowing if you have any funds in your account, don't deposit any funds."
#CryptoMoj
My friend created his account, the scammer said they were going to send him USDC, the scammer told him he didn't need to actually buy any crypto, he just needed an account, with 10% of what was owed, beacuse it "made it easier for my bank". The scammer was also (worryingly) happy with the exchange I picked, so my friend opened an account there and (for some insane reason) deposited the 10% as cash. That's where things sit right now - account on an exchange, $2K in cash in it.

Now the scammer is saying he wants to pay my friend via a smart contract. So, already, there were like a bazillion alarm bells going off in my head, and this has just gotten so much worse. But - what is the scam at this point? How is the scammer going to get my friend to send him this $2K via an exchange? I've played around with Metamask and contracts a little but it's been a while... Can you even interact with a smart contract from an exchange? Don't you need a wallet and a private key to do that?$BTC
#DYOR🟢.
What do I tell my friend at this point? Ideally I'd like to say "This is what they're going to do, this is how they're going to try to scam you, so when you get to point X, this is when you know you should given up and just walk away." (I mean... if it were me, I'd have reached that point long ago.) This is depressing, because my friend is savvy enough they OUGHT to know better, but here we are...#TrendingTopic