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15-MAY-2024
🔥🔥🔥🔥 Z5OVYY0C 🔥🔥🔥🔥
S76K4HI5🏖️V300RLCG🏖️MWWHWA47🏖️KHWUK5E0🏖️1PLFCXK1🏖️foawiwlo🏖️L0G1KY5F🏖️94GGJIEX🏖️7I6R246P🏖️YC8O3BF9🏖️H8I47IKP🏖️M1YQDBZR🏖️VP6ZUL75🏖️K95P5N5L🏖️SGTUNNT8🏖️89YENJ0F🏖️TSRF3REW🏖️9RMYPCKO🏖️G4XCI6UV🏖️
Copy the code and paste on the red packet🧧🧧🧧
you will get something
hurry🚴三🚴三🚴三🚴三 up guys
#Megadrop
#Follow_Like_Comment
#FollowYourBrotherForMore
15-MAY-2024
🔥🔥🔥🔥 Z5OVYY0C 🔥🔥🔥🔥
S76K4HI5🏖️V300RLCG🏖️MWWHWA47🏖️KHWUK5E0🏖️1PLFCXK1🏖️foawiwlo🏖️L0G1KY5F🏖️94GGJIEX🏖️7I6R246P🏖️YC8O3BF9🏖️H8I47IKP🏖️M1YQDBZR🏖️VP6ZUL75🏖️K95P5N5L🏖️SGTUNNT8🏖️89YENJ0F🏖️TSRF3REW🏖️9RMYPCKO🏖️G4XCI6UV🏖️
Copy the code and paste on the red packet🧧🧧🧧
you will get something
hurry🚴三🚴三🚴三🚴三 up guys
#Megadrop
#Follow_Like_Comment
#FollowYourBrotherForMore
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Notcoin News: Notcoin Donates 1 Bln NOT To Telegram CEO Pavel Durov, Here’s Why
2/2
The recent minting of Notcoin on the TON blockchain and its subsequent listing on major exchanges further solidified its
position as a formidable player in the market. The sudden surge in value and market capitalization underscored the immense potential of the Telegram/TON ecosystems for app developers. Notcoin’s success story serves as a testament to the power of social interactions and decentralized platforms in driving innovation and value creation within the cryptocurrency space.
Notcoin’s Market Impact and Future Prospects
Notcoin was recently launched on Binance Launchpool and OKX Jumpstart at the same time, with a total circulation of 102.7 Billion NOT. Binance market data shows that The price of Notcoin (NOT) is $0.006807 today with a 24-hour trading volume of $887.4 Million. This represents a -19.62% price decline in the last 24 hours however just after the major launch had peaked to over $0.01163. Notcoin has a total market value of $728.38
million. Despite a recent downturn in price, attributed to market
volatility and speculative trading, Notcoin’s fundamentals remain strong.
Its listing on reputable exchanges and growing user base signal
promising prospects for future growth and adoption. As we witness a burgeoning ecosystem of mini-apps being developed on Telegram and TON, Notcoin stands out as a trailblazer, paving the way for others to follow suit. With its unwavering commitment to innovation and user-centric design, Notcoin is poised to continue its upward trajectory, reshaping the landscape of decentralized applications and redefining the possibilities of blockchain technology.
#FollowYourBrotherForMore
#write2earnonbinancesquare
#MicroStrategy
Notcoin News: Notcoin Donates 1 Bln NOT To Telegram CEO Pavel Durov, Here’s Why
2/2
The recent minting of Notcoin on the TON blockchain and its subsequent listing on major exchanges further solidified its
position as a formidable player in the market. The sudden surge in value and market capitalization underscored the immense potential of the Telegram/TON ecosystems for app developers. Notcoin’s success story serves as a testament to the power of social interactions and decentralized platforms in driving innovation and value creation within the cryptocurrency space.
Notcoin’s Market Impact and Future Prospects
Notcoin was recently launched on Binance Launchpool and OKX Jumpstart at the same time, with a total circulation of 102.7 Billion NOT. Binance market data shows that The price of Notcoin (NOT) is $0.006807 today with a 24-hour trading volume of $887.4 Million. This represents a -19.62% price decline in the last 24 hours however just after the major launch had peaked to over $0.01163. Notcoin has a total market value of $728.38
million. Despite a recent downturn in price, attributed to market
volatility and speculative trading, Notcoin’s fundamentals remain strong.
Its listing on reputable exchanges and growing user base signal
promising prospects for future growth and adoption. As we witness a burgeoning ecosystem of mini-apps being developed on Telegram and TON, Notcoin stands out as a trailblazer, paving the way for others to follow suit. With its unwavering commitment to innovation and user-centric design, Notcoin is poised to continue its upward trajectory, reshaping the landscape of decentralized applications and redefining the possibilities of blockchain technology.
#FollowYourBrotherForMore
#write2earnonbinancesquare
#MicroStrategy
🚀🚀🚀🚀🚀$NOT 🚀🚀🚀🚀🚀
Notcoin News: Notcoin Donates 1 Bln NOT To Telegram CEO Pavel Durov, Here’s Why
1/2
Notcoin stuns the crypto world with a $6.8 million donation to Telegram CEO Pavel Durov. Discover the reasons behind this game-changing move and Notcoin's impact on the cryptocurrency market.
Highlights
- Notcoin surprises the cryptocurrency world with a massive donation of 1 billion NOT to Telegram CEO Pavel Durov.
- The rise of Notcoin as a leading player within the TON ecosystem highlights its potential for innovation and value creation.
- Despite market fluctuations, Notcoin's listing on major exchanges and growing user base signal promising prospects for
future growth and adoption.
Notcoin has made headlines by donating a staggering 1 billion NOT ($6.8 Million) to Pavel Durov, the CEO of Telegram and Telegram. This unprecedented gesture has sparked curiosity and speculation, prompting questions about the motivations behind such a substantial donation. It’s not every day that a cryptocurrency project decides to allocate such a significant sum to an individual, especially one as prominent as Pavel
Durov.
Telegrams Impact To The Rise of Notcoin
TON ecosystem game Notcoin announced a donation of 1.03 billion Notcoin (NOT), equivalent to about 6.8 million US dollars, to Telegram founder Pavel Durov and Telegram. This move comes on the heels of Notcoin’s meteoric rise within the cryptocurrency market.
Notcoin, initially introduced as a mini-app on the Telegram platform, has experienced exponential growth, attracting millions of users in a relatively short period. With its innovative gameplay mechanics and seamless integration with Telegram, Notcoin quickly became a favorite among users, propelling it to the forefront of the cryptocurrency landscape.
#FollowYourBrotherForMore
#notcoin
#FollowMeInTreading
Notcoin News: Notcoin Donates 1 Bln NOT To Telegram CEO Pavel Durov, Here’s Why
1/2
Notcoin stuns the crypto world with a $6.8 million donation to Telegram CEO Pavel Durov. Discover the reasons behind this game-changing move and Notcoin's impact on the cryptocurrency market.
Highlights
- Notcoin surprises the cryptocurrency world with a massive donation of 1 billion NOT to Telegram CEO Pavel Durov.
- The rise of Notcoin as a leading player within the TON ecosystem highlights its potential for innovation and value creation.
- Despite market fluctuations, Notcoin's listing on major exchanges and growing user base signal promising prospects for
future growth and adoption.
Notcoin has made headlines by donating a staggering 1 billion NOT ($6.8 Million) to Pavel Durov, the CEO of Telegram and Telegram. This unprecedented gesture has sparked curiosity and speculation, prompting questions about the motivations behind such a substantial donation. It’s not every day that a cryptocurrency project decides to allocate such a significant sum to an individual, especially one as prominent as Pavel
Durov.
Telegrams Impact To The Rise of Notcoin
TON ecosystem game Notcoin announced a donation of 1.03 billion Notcoin (NOT), equivalent to about 6.8 million US dollars, to Telegram founder Pavel Durov and Telegram. This move comes on the heels of Notcoin’s meteoric rise within the cryptocurrency market.
Notcoin, initially introduced as a mini-app on the Telegram platform, has experienced exponential growth, attracting millions of users in a relatively short period. With its innovative gameplay mechanics and seamless integration with Telegram, Notcoin quickly became a favorite among users, propelling it to the forefront of the cryptocurrency landscape.
#FollowYourBrotherForMore
#notcoin
#FollowMeInTreading
Crypto Regulations in the Philippines 2024 – A Government Regulated Crypto Space
Crypto regulation in the Philippines is in a quasi-legal state as of now. It is not yet accepted completely, nor has been completely outlawed. Cryptocurrency transactions are legal in the Philippines , however, the crypto coins are not considered “legal tender”. The country has a progressive and pragmatic outlook on
cryptocurrency, allowing its usage as a payment method and issuing licenses to crypto exchanges and service providers. It has a vibrant crypto community with events, meetups and initiatives in favour of digital assets.
This report by Coinpedia outlines a brief analysis of the state of cryptocurrency in the Philippines in 2024.
Introduction
Banko Sentral ng Pilipinas or BSP is the governing body in the Philippines, which has issued guidelines concerning virtual currencies (VCs). In recent years, the
crypto world has grown immensely with a lot of people using digital currencies. This has led to the government’s development of a regulatory framework for Cryptocurrency. The Securities and Exchange Commission (SEC) is the government agency which looks after regulating the Philippines’ securities, investments and financial instruments.
Regulatory Framework
Individuals or businesses that operate VC exchanges are required to register with
the BSP and adhere to operational mandates, including risk management
practices and customer identification processes. These regulations aim
at protecting the financial system from potential abuse.
The SEC has also issued rules concerning ICOs and the use of crypto in
investment schemes. To operate a crypto exchange, one must obtain a VASP
license and for additional services, other licenses are required, including Electronic Money Issuer (EMI) and a Remittance and Transfer Company (RTC).
The central bank of the Philippines, BSP, is expanding its cryptocurrency regulations to meet changing market demands. It recently issued its first Advanced Electronic Payments and Financial Services (EPFS) license to Coins, a credential previously reserved for traditional banks.
As in any regulated sector, anti-money laundering (AML) is a major compliance issue in the cryptocurrency industry. Significant progress has been made in Know Your Customer (KYC) processes. Since the Philippines does not have a unified
national ID card, companies must have systems that can recognize valid
ID documents from all 82 provinces.
Timeline of Crypto Regulations In Philippines
May 09, 2024:
The Bangko Sentral ng Pilipinas (BSP) approved a pilot for PHPC, a
stablecoin backed by the Philippine peso, in collaboration with
Coins.ph. This grant was sanctioned under BSP’s Regulatory Sandbox
Framework.
March 25, 2024:
The Philippines National Telecommunications Commission (NTC) blocked
websites of crypto companies offering investment products without the
necessary licenses.
January 31, 2023:
There are 19 registered VASPs in the country. In early 2023, the SEC partnered with the University of the Philippines Law Center to work together on guidelines for digital assets.
January 25, 2023
The SEC drafted IRR(Implementing Rules and Regulations) for Republic
Act No. 11765, covering digital products and cryptocurrencies, to
protect financial consumers and strengthen regulators with rule-making,
surveillance, inspection, market monitoring, and enforcement powers.
January 1, 2024: Philippines tightens Travel Rule requirements for crypto
December 22, 2022: SEC cautioned the public against using unregistered exchanges within the country.
January 26, 2021: BSP introduced the guidelines for Virtual Asset Service Providers
(VASPs) where they were mandated to obtain a license from the BSP before
commencing operations in the country.
January 8, 2018 : SEC issued an advisory on Initial Coin Offerings (ICOs) and crypto investments.
February 6, 2017: BSP issued a circular no. 944 in 2017 which acknowledged virtual currencies as a valid payment method.
Crypto Tax In Philippines
The Philippines government has implemented a capital gains tax of up to 15%
on cryptocurrency transactions to regulate and tax the growing crypto market. The tax applies to profits made from selling or exchanging cryptocurrencies and purchases made using crypto.
Filipinos who own or trade cryptocurrency need to report their capital gains during their annual tax filings.
For individuals or businesses actively trading cryptocurrency with the
intent of short-term resale, these digital assets could be classified as
inventory. Thus, any income generated from the sale or exchange of
cryptocurrency could potentially be subject to value-added tax (VAT) if
it meets the applicable threshold, usually set at 12% in the
Philippines.
In contrast, cryptocurrency held for investment purposes, such as capital appreciation over an extended period, is more likely to be considered an intangible asset. Under this classification, cryptocurrency becomes a capital asset for tax purposes. Gains resulting from the sale or exchange of such assets would then be subject to ordinary income tax.
Conclusion
Regulators in the Philippines have operated a sensible framework based on good
knowledge of the crypto space for years now! The country remains an
attractive destination for crypto as it is one of the fastest-growing
economies around the world with 11.6 million Filipinos owning digital
assets. It keeps adapting itself to the evolving crypto environment !
The regulator, the Securities and Exchange Commission (SEC), has
demonstrated its commitment to a well-thought-out approach by partnering
with the University of the Philippines Law Center (UPLC) to develop
guidelines for digital assets. This collaboration indicates a
collaborative effort to ensure that regulations are not only robust but
also well-informed. The fact that the Implementing Rules and Regulations
of Republic Act No. 11765 were opened for public comment shows a commitment to transparency and stakeholder involvement in shaping regulations. This inclusive approach is likely to continue in the future, ensuring that the crypto community
and businesses have an involvement in the development of the regulatory
framework in the Philippines.
cryptocurrency, allowing its usage as a payment method and issuing licenses to crypto exchanges and service providers. It has a vibrant crypto community with events, meetups and initiatives in favour of digital assets.
This report by Coinpedia outlines a brief analysis of the state of cryptocurrency in the Philippines in 2024.
Introduction
Banko Sentral ng Pilipinas or BSP is the governing body in the Philippines, which has issued guidelines concerning virtual currencies (VCs). In recent years, the
crypto world has grown immensely with a lot of people using digital currencies. This has led to the government’s development of a regulatory framework for Cryptocurrency. The Securities and Exchange Commission (SEC) is the government agency which looks after regulating the Philippines’ securities, investments and financial instruments.
Regulatory Framework
Individuals or businesses that operate VC exchanges are required to register with
the BSP and adhere to operational mandates, including risk management
practices and customer identification processes. These regulations aim
at protecting the financial system from potential abuse.
The SEC has also issued rules concerning ICOs and the use of crypto in
investment schemes. To operate a crypto exchange, one must obtain a VASP
license and for additional services, other licenses are required, including Electronic Money Issuer (EMI) and a Remittance and Transfer Company (RTC).
The central bank of the Philippines, BSP, is expanding its cryptocurrency regulations to meet changing market demands. It recently issued its first Advanced Electronic Payments and Financial Services (EPFS) license to Coins, a credential previously reserved for traditional banks.
As in any regulated sector, anti-money laundering (AML) is a major compliance issue in the cryptocurrency industry. Significant progress has been made in Know Your Customer (KYC) processes. Since the Philippines does not have a unified
national ID card, companies must have systems that can recognize valid
ID documents from all 82 provinces.
Timeline of Crypto Regulations In Philippines
May 09, 2024:
The Bangko Sentral ng Pilipinas (BSP) approved a pilot for PHPC, a
stablecoin backed by the Philippine peso, in collaboration with
Coins.ph. This grant was sanctioned under BSP’s Regulatory Sandbox
Framework.
March 25, 2024:
The Philippines National Telecommunications Commission (NTC) blocked
websites of crypto companies offering investment products without the
necessary licenses.
January 31, 2023:
There are 19 registered VASPs in the country. In early 2023, the SEC partnered with the University of the Philippines Law Center to work together on guidelines for digital assets.
January 25, 2023
The SEC drafted IRR(Implementing Rules and Regulations) for Republic
Act No. 11765, covering digital products and cryptocurrencies, to
protect financial consumers and strengthen regulators with rule-making,
surveillance, inspection, market monitoring, and enforcement powers.
January 1, 2024: Philippines tightens Travel Rule requirements for crypto
December 22, 2022: SEC cautioned the public against using unregistered exchanges within the country.
January 26, 2021: BSP introduced the guidelines for Virtual Asset Service Providers
(VASPs) where they were mandated to obtain a license from the BSP before
commencing operations in the country.
January 8, 2018 : SEC issued an advisory on Initial Coin Offerings (ICOs) and crypto investments.
February 6, 2017: BSP issued a circular no. 944 in 2017 which acknowledged virtual currencies as a valid payment method.
Crypto Tax In Philippines
The Philippines government has implemented a capital gains tax of up to 15%
on cryptocurrency transactions to regulate and tax the growing crypto market. The tax applies to profits made from selling or exchanging cryptocurrencies and purchases made using crypto.
Filipinos who own or trade cryptocurrency need to report their capital gains during their annual tax filings.
For individuals or businesses actively trading cryptocurrency with the
intent of short-term resale, these digital assets could be classified as
inventory. Thus, any income generated from the sale or exchange of
cryptocurrency could potentially be subject to value-added tax (VAT) if
it meets the applicable threshold, usually set at 12% in the
Philippines.
In contrast, cryptocurrency held for investment purposes, such as capital appreciation over an extended period, is more likely to be considered an intangible asset. Under this classification, cryptocurrency becomes a capital asset for tax purposes. Gains resulting from the sale or exchange of such assets would then be subject to ordinary income tax.
Conclusion
Regulators in the Philippines have operated a sensible framework based on good
knowledge of the crypto space for years now! The country remains an
attractive destination for crypto as it is one of the fastest-growing
economies around the world with 11.6 million Filipinos owning digital
assets. It keeps adapting itself to the evolving crypto environment !
The regulator, the Securities and Exchange Commission (SEC), has
demonstrated its commitment to a well-thought-out approach by partnering
with the University of the Philippines Law Center (UPLC) to develop
guidelines for digital assets. This collaboration indicates a
collaborative effort to ensure that regulations are not only robust but
also well-informed. The fact that the Implementing Rules and Regulations
of Republic Act No. 11765 were opened for public comment shows a commitment to transparency and stakeholder involvement in shaping regulations. This inclusive approach is likely to continue in the future, ensuring that the crypto community
and businesses have an involvement in the development of the regulatory
framework in the Philippines.
! Just Now !
Morgan Stanley Discloses $270 Million Bitcoin ETF Investments
According to a recent SEC filing, Morgan Stanley has disclosed $270 million in Bitcoin ETF investments. The bank holds 31,712 shares in Ark Invest’s 21Shares ETF (ARKB) and $269 million in Grayscale Bitcoin Trust(GBTC), making it the third-largest holder of GBTC. This move follows the approval for Morgan Stanley to incorporate spot Bitcoin ETFs into 12 investment funds and plans to enable 15,000 brokers to recommend these ETFs. This major institutional investment highlights the growing acceptance of Bitcoin in traditional finance.
#FollowYourBrotherForMore
#BinanceLaunchpool
#MicroStrategy
Morgan Stanley Discloses $270 Million Bitcoin ETF Investments
According to a recent SEC filing, Morgan Stanley has disclosed $270 million in Bitcoin ETF investments. The bank holds 31,712 shares in Ark Invest’s 21Shares ETF (ARKB) and $269 million in Grayscale Bitcoin Trust(GBTC), making it the third-largest holder of GBTC. This move follows the approval for Morgan Stanley to incorporate spot Bitcoin ETFs into 12 investment funds and plans to enable 15,000 brokers to recommend these ETFs. This major institutional investment highlights the growing acceptance of Bitcoin in traditional finance.
#FollowYourBrotherForMore
#BinanceLaunchpool
#MicroStrategy
🤔🤔🤔🤔🤔 Be aware 🤔🤔🤔🤔🤔
Just Now !!!!
MIT graduates indicted for $25 million Crypto fraud, How did they do it in 12 seconds?
The Department of Justice announced another digital assets market shocker, indicting two MIT graduates for allegedly organizing crypto fraud. James Peraire-Bueno and Anton Peraire-Bueno have been accused of stealing $25 million in cryptos in first of its kind fraud. The brothers managed to steal the digital assets within a 12 second window.
MIT brothers violates ETH blockchain
According to reports, MIT graduate brothers exploited a vulnerability in the Ethereum blockchain. Prosecutors claim that the brothers found a flaw that allows outsourced bots to detect valuable pending transactions before they are finalized.
James Peraire-Bueno and Anton Peraire-Bueno went ahead to exploit the blockchain by allegedly posing as Ethereum validators. They redirected these transactions and siphoned off around $25 million. Meanwhile, foreign law enforcement has managed to freeze approx $3 million of the reported stolen funds.
The report mentioned that the brothers had converted the rest of the stolen cryptos into DAI which is token pegged to the US dollar. However, the brothers allegedly made shell companies in order to use multiple private crypto addresses and foreign exchanges.
Will SEC take some action?
This comes in when the US Securities and Exchange Commission (SEC) Chair Gary Gensler has voiced his concerns about the lack of regulation in crypto markets.
Meanwhile, this case also emerges as the commission is considering deciding on the approval of an Ethereum linked exchange-traded fund (ETF). A decision is expected by the end of this month. This ETF approval is anticipated to give investors access to ETH without entering the market.
They had bonds set at $250,000 each. They must secure two
co-signers for their release by May 29 and are barred from trading cryptocurrency, securities, and commodities.
#FollowYourBrotherForMore
#Memecoins
#BeCautiousOfScams
Just Now !!!!
MIT graduates indicted for $25 million Crypto fraud, How did they do it in 12 seconds?
The Department of Justice announced another digital assets market shocker, indicting two MIT graduates for allegedly organizing crypto fraud. James Peraire-Bueno and Anton Peraire-Bueno have been accused of stealing $25 million in cryptos in first of its kind fraud. The brothers managed to steal the digital assets within a 12 second window.
MIT brothers violates ETH blockchain
According to reports, MIT graduate brothers exploited a vulnerability in the Ethereum blockchain. Prosecutors claim that the brothers found a flaw that allows outsourced bots to detect valuable pending transactions before they are finalized.
James Peraire-Bueno and Anton Peraire-Bueno went ahead to exploit the blockchain by allegedly posing as Ethereum validators. They redirected these transactions and siphoned off around $25 million. Meanwhile, foreign law enforcement has managed to freeze approx $3 million of the reported stolen funds.
The report mentioned that the brothers had converted the rest of the stolen cryptos into DAI which is token pegged to the US dollar. However, the brothers allegedly made shell companies in order to use multiple private crypto addresses and foreign exchanges.
Will SEC take some action?
This comes in when the US Securities and Exchange Commission (SEC) Chair Gary Gensler has voiced his concerns about the lack of regulation in crypto markets.
Meanwhile, this case also emerges as the commission is considering deciding on the approval of an Ethereum linked exchange-traded fund (ETF). A decision is expected by the end of this month. This ETF approval is anticipated to give investors access to ETH without entering the market.
They had bonds set at $250,000 each. They must secure two
co-signers for their release by May 29 and are barred from trading cryptocurrency, securities, and commodities.
#FollowYourBrotherForMore
#Memecoins
#BeCautiousOfScams
🚀🚀🚀🚀BOOM BOOM BOOM🚀🚀🚀🚀
Crypto Market Enters The Greed Zone: Start Of Bull Run?
1/2
$BTC
$ETH
$BNB
Is It The Start Of The Bull Run?
Today marks the first day of a greedy zone after weeks, but
concluding it the beginning of a bull zone will be going too far.
However, this is the first all-green day for all cryptocurrencies, and if the trend continues, the upcoming days might mark the beginning of a bull rally for cryptocurrencies.
More importantly, the RealVision founder and CEO, Raoul Pal
has hinted toward the upcoming banana zone, which is a phase of a Bull run. He believes that the super bullish banana zone is just weeks away and will begin by June middle. And the banana zone will make the cryptocurrency prices go crazy for good. He also claimed the market cap will quadruple by the end of this bull cycle in 2025.
Raoul Pal says that Bitcoin halving is usually followed by a consolidation period where the market drops around 20%. But then a free rise occurs, which is the transition of the crypto market from macro spring to macro summer. This transition period is what brings the banana zone.
Final Thoughts
The historical evidence does support Raoul’s prediction, but the exact movement of the crypto market is hard to predict. The summer rally hasn’t continued every single year, but in 2013 and 2017, the crypto market followed this banana zone. If 2024 turned out similar to the following two, a bull rally might be witnessed by the investors.
#FollowYourBrotherForMore
#Memecoins
#BinanceLaunchpool
Crypto Market Enters The Greed Zone: Start Of Bull Run?
1/2
$BTC
$ETH
$BNB
Is It The Start Of The Bull Run?
Today marks the first day of a greedy zone after weeks, but
concluding it the beginning of a bull zone will be going too far.
However, this is the first all-green day for all cryptocurrencies, and if the trend continues, the upcoming days might mark the beginning of a bull rally for cryptocurrencies.
More importantly, the RealVision founder and CEO, Raoul Pal
has hinted toward the upcoming banana zone, which is a phase of a Bull run. He believes that the super bullish banana zone is just weeks away and will begin by June middle. And the banana zone will make the cryptocurrency prices go crazy for good. He also claimed the market cap will quadruple by the end of this bull cycle in 2025.
Raoul Pal says that Bitcoin halving is usually followed by a consolidation period where the market drops around 20%. But then a free rise occurs, which is the transition of the crypto market from macro spring to macro summer. This transition period is what brings the banana zone.
Final Thoughts
The historical evidence does support Raoul’s prediction, but the exact movement of the crypto market is hard to predict. The summer rally hasn’t continued every single year, but in 2013 and 2017, the crypto market followed this banana zone. If 2024 turned out similar to the following two, a bull rally might be witnessed by the investors.
#FollowYourBrotherForMore
#Memecoins
#BinanceLaunchpool
🚀🚀🚀🚀BOOM BOOM BOOM🚀🚀🚀🚀
Crypto Market Enters The Greed Zone: Start Of Bull Run?
1/2
$BTC
$ETH
$BNB
Finally, after weeks, the crypto market has bounced to the greed zone, favoring the cryptocurrency gains today. But is it the start of a bull run? Let's explore.
After weeks of falling market with declining cryptocurrency gains, the crypto market has finally recovered from the neutral market conditions. 2024 started with a super greed zone, which initiated the weeks-long bull market conditions before witnessing a fall last month. The declining conditions continued till a day earlier, while today, the market has again entered the greed zone with the recovery in multiple cryptocurrency prices.
So is it the start of a bull run or what? Let us discuss that in this blog.
Overall Crypto Market Conditions
The crypto market has received its boost today after the reveal of the Consumer Price Index (CPI) data, highlighting the decline in the inflation rate. Moments after the CPI report, the Bitcoin price started to boom, and it rose to a high of $66,458. Bitcoin is currently trading at $66,184.23 while maintaining bullish sentiments. The direct impact is also visible on the altcoins, including Ethereum, which has surged to $3,019 after its yesterday’s decline.
The Bitcoin price surge has aided the entire market recovery as the crypto market heat map is all green. The global market cap has also surged to $ 2.38 trillion, jumping 5.3% from yesterday. More importantly, the trading volume is about to hit the $ 100 billion mark with a 40% jump, the highest position for this month.
The meme market already had steady growth even in the sluggish market conditions, but today, the market cap has surged 6.34%, and the same is true for its trading volume. Talking of the Solana network, the trading volume is up by 24%, but the market cap has declined a little. However, the demand is still for the Solana meme coins.
#MicroStrategy
#FollowYourBrotherForMore
#write2earn🌐💹
Crypto Market Enters The Greed Zone: Start Of Bull Run?
1/2
$BTC
$ETH
$BNB
Finally, after weeks, the crypto market has bounced to the greed zone, favoring the cryptocurrency gains today. But is it the start of a bull run? Let's explore.
After weeks of falling market with declining cryptocurrency gains, the crypto market has finally recovered from the neutral market conditions. 2024 started with a super greed zone, which initiated the weeks-long bull market conditions before witnessing a fall last month. The declining conditions continued till a day earlier, while today, the market has again entered the greed zone with the recovery in multiple cryptocurrency prices.
So is it the start of a bull run or what? Let us discuss that in this blog.
Overall Crypto Market Conditions
The crypto market has received its boost today after the reveal of the Consumer Price Index (CPI) data, highlighting the decline in the inflation rate. Moments after the CPI report, the Bitcoin price started to boom, and it rose to a high of $66,458. Bitcoin is currently trading at $66,184.23 while maintaining bullish sentiments. The direct impact is also visible on the altcoins, including Ethereum, which has surged to $3,019 after its yesterday’s decline.
The Bitcoin price surge has aided the entire market recovery as the crypto market heat map is all green. The global market cap has also surged to $ 2.38 trillion, jumping 5.3% from yesterday. More importantly, the trading volume is about to hit the $ 100 billion mark with a 40% jump, the highest position for this month.
The meme market already had steady growth even in the sluggish market conditions, but today, the market cap has surged 6.34%, and the same is true for its trading volume. Talking of the Solana network, the trading volume is up by 24%, but the market cap has declined a little. However, the demand is still for the Solana meme coins.
#MicroStrategy
#FollowYourBrotherForMore
#write2earn🌐💹
🚀🚀🚀💥💥$BNB 💥💥🚀🚀🚀
BNB Price Soars 3% Amid Binance’s Latest Spot Trading Update
2/2
The changes will refine the precision of price changes, allowing for more granular trading activities. This update will not impact ongoing spot trading activities or other functionalities, ensuring a seamless transition for traders. Additionally, API users will need to adjust to the new tick size, which can be tracked through the GET /api/v3/exchangeInfo endpoint. Notably, orders placed before the update will retain their original tick size, maintaining continuity in trading operations. For detailed information, traders are encouraged to refer tothe API Changelog, which outlines all the specifics of the upcoming changes.
BNB’s Market Performance and Future Projections
As of today, the live price of Binance Coin (BNB) stands at $582.70, with a 24-hour trading volume of $1.24 billion.
Recently, BNB experienced a dip below its moving averages but rebounded sharply from the support line of the symmetrical triangle pattern, indicating strong buying interest at lower levels. This recovery highlights the robust demand for BNB and the resilience of its market position.
Conversely, if the price falls and breaks below the triangle, it could indicate bearish control, potentially driving the pair down to $495 and then to the pattern target of $434. Binance Coin is currently trading between $586.48 and $581.45, with a live market cap of $85.9 billion, reflecting its substantial presence in the cryptocurrency market. This performance underscores the dynamic and volatile nature of BNB’s market,driven by both technical factors and market sentiment.
Currently, the Open Interest for BNB has increased by 0.82%, now valued at $498.7 million. The Relative Strength Index (RSI) stands at 57.23%, signaling a bullish trend. Buyers are now attempting to push the price above the triangle’s resistance line. If successful, BNB/USDT could see significant gains, potentially rising to $634 and then $692, with a pattern target of $726.
#Write&Earn
#Follow_Like_Comment
#ETFvsBTC
BNB Price Soars 3% Amid Binance’s Latest Spot Trading Update
2/2
The changes will refine the precision of price changes, allowing for more granular trading activities. This update will not impact ongoing spot trading activities or other functionalities, ensuring a seamless transition for traders. Additionally, API users will need to adjust to the new tick size, which can be tracked through the GET /api/v3/exchangeInfo endpoint. Notably, orders placed before the update will retain their original tick size, maintaining continuity in trading operations. For detailed information, traders are encouraged to refer tothe API Changelog, which outlines all the specifics of the upcoming changes.
BNB’s Market Performance and Future Projections
As of today, the live price of Binance Coin (BNB) stands at $582.70, with a 24-hour trading volume of $1.24 billion.
Recently, BNB experienced a dip below its moving averages but rebounded sharply from the support line of the symmetrical triangle pattern, indicating strong buying interest at lower levels. This recovery highlights the robust demand for BNB and the resilience of its market position.
Conversely, if the price falls and breaks below the triangle, it could indicate bearish control, potentially driving the pair down to $495 and then to the pattern target of $434. Binance Coin is currently trading between $586.48 and $581.45, with a live market cap of $85.9 billion, reflecting its substantial presence in the cryptocurrency market. This performance underscores the dynamic and volatile nature of BNB’s market,driven by both technical factors and market sentiment.
Currently, the Open Interest for BNB has increased by 0.82%, now valued at $498.7 million. The Relative Strength Index (RSI) stands at 57.23%, signaling a bullish trend. Buyers are now attempting to push the price above the triangle’s resistance line. If successful, BNB/USDT could see significant gains, potentially rising to $634 and then $692, with a pattern target of $726.
#Write&Earn
#Follow_Like_Comment
#ETFvsBTC
🚀🚀🚀💥💥$BNB 💥💥🚀🚀🚀
BNB Price Soars 3% Amid Binance’s Latest Spot Trading Update
1/2
Binance Coin (BNB) surged 3% following Binance's announcement of tick size adjustments to enhance market liquidity and trading experience. Discover how these changes impact BNB's performance and market outlook.
Highlights
- BNB experienced a 3% price surge following Binance's announcement of tick size adjustments aimed at enhancing market liquidity and trading experience.
- The adjustments are scheduled for May 23, 2024, and will refine the precision of price changes without impacting ongoing
spot trading activities.
- BNB's current live price is $582.70, with
bullish signals suggesting potential further gains, while traders
monitor the price movement relative to the symmetrical triangle pattern.
BNB experienced a notable 3% price surge following Binance’s recent announcement, which has generated significant excitement and speculation among traders. This update, aimed at increasing market liquidity and enhancing the trading experience, involves adjustments to the tick size,or the minimum price movement of a trading pair. Such changes are expected to lead to more precise and efficient trading, reflecting Binance’s commitment to continuously improving its platform’s functionality.
Details of Binance’s Spot Trading Tick Size Update
BNB soared 2.29% within 24 hours, indicating heightened buy pressure from the bulls in response to Binance’s latest spot trading update.
The primary focus of this update is to enhance market liquidity and improve the overall trading experience by adjusting the tick size for certain trading pairs. These adjustments are scheduled to be implemented on May 23 between 05:00 (UTC) and 07:00 (UTC).
#write2earnonbinancesquare
#FollowYourBrotherForMore
#Follow_Like_Comment
BNB Price Soars 3% Amid Binance’s Latest Spot Trading Update
1/2
Binance Coin (BNB) surged 3% following Binance's announcement of tick size adjustments to enhance market liquidity and trading experience. Discover how these changes impact BNB's performance and market outlook.
Highlights
- BNB experienced a 3% price surge following Binance's announcement of tick size adjustments aimed at enhancing market liquidity and trading experience.
- The adjustments are scheduled for May 23, 2024, and will refine the precision of price changes without impacting ongoing
spot trading activities.
- BNB's current live price is $582.70, with
bullish signals suggesting potential further gains, while traders
monitor the price movement relative to the symmetrical triangle pattern.
BNB experienced a notable 3% price surge following Binance’s recent announcement, which has generated significant excitement and speculation among traders. This update, aimed at increasing market liquidity and enhancing the trading experience, involves adjustments to the tick size,or the minimum price movement of a trading pair. Such changes are expected to lead to more precise and efficient trading, reflecting Binance’s commitment to continuously improving its platform’s functionality.
Details of Binance’s Spot Trading Tick Size Update
BNB soared 2.29% within 24 hours, indicating heightened buy pressure from the bulls in response to Binance’s latest spot trading update.
The primary focus of this update is to enhance market liquidity and improve the overall trading experience by adjusting the tick size for certain trading pairs. These adjustments are scheduled to be implemented on May 23 between 05:00 (UTC) and 07:00 (UTC).
#write2earnonbinancesquare
#FollowYourBrotherForMore
#Follow_Like_Comment
🚀🚀🚀💥💥💥💥BOOM $LUNC BOOM 💥💥💥💥🚀🚀🚀
LUNC Price Prediction: Terra Classic Prepares For $1 On Recent Community Developments
1/2
Moreover, a vote on overhauling the LUNC burn tax was also
passed. The idea is to ensure that the burn tax is optimized via the Oracle Pool and in the end enhance network efficiency.
LUNC Price Prediction: Fighting For A Breakout
Terra Classic price has fiercely defended support at $0.0001 as shown on the daily chart. A recovery from this level is gaining strength, with LUNC expected to breach resistance at $0.0001060, highlighted by the 20-day Exponential
Moving Average (EMA) (the blue line overlaying the chart).
The Relative Strength Index (RSI) position at 45 and its
potential for recovery above the midline, reinforces the growing bullish grip. Should the RSI breach the descending trendline resistance, it could ignite a fire in LUNC paving the way for gains beyond $0.001.
A death cross pattern formed when the 50-day EMA (the red
line overlaying the chart) recently flipped below the 200-day EMA (the purple line on the chart), emphasizing that sellers have a say and cannot be ignored, especially with the crypto market still unsure of thedirection to take.
Therefore, traders should be ready to DCA if LUNC dips to or below $0.0001 support keeping in mind the double bottom support around $0.00008.
On the upside, a break above the dotted trending might
catapult LUNC 66% higher, marking the validation of the double-bottom pattern.
#Follow_Like_Comment
#FollowYourBrotherForMore
#BinanceLaunchpool
LUNC Price Prediction: Terra Classic Prepares For $1 On Recent Community Developments
1/2
Moreover, a vote on overhauling the LUNC burn tax was also
passed. The idea is to ensure that the burn tax is optimized via the Oracle Pool and in the end enhance network efficiency.
LUNC Price Prediction: Fighting For A Breakout
Terra Classic price has fiercely defended support at $0.0001 as shown on the daily chart. A recovery from this level is gaining strength, with LUNC expected to breach resistance at $0.0001060, highlighted by the 20-day Exponential
Moving Average (EMA) (the blue line overlaying the chart).
The Relative Strength Index (RSI) position at 45 and its
potential for recovery above the midline, reinforces the growing bullish grip. Should the RSI breach the descending trendline resistance, it could ignite a fire in LUNC paving the way for gains beyond $0.001.
A death cross pattern formed when the 50-day EMA (the red
line overlaying the chart) recently flipped below the 200-day EMA (the purple line on the chart), emphasizing that sellers have a say and cannot be ignored, especially with the crypto market still unsure of thedirection to take.
Therefore, traders should be ready to DCA if LUNC dips to or below $0.0001 support keeping in mind the double bottom support around $0.00008.
On the upside, a break above the dotted trending might
catapult LUNC 66% higher, marking the validation of the double-bottom pattern.
#Follow_Like_Comment
#FollowYourBrotherForMore
#BinanceLaunchpool
🚀🚀🚀💥💥💥💥BOOM $LUNC BOOM 💥💥💥💥🚀🚀🚀
LUNC Price Prediction: Terra Classic Prepares For $1 On Recent Community Developments
1/2
LUNC Price Prediction: The Terra Classic community is committed to enhancing network efficiency, reducing LUNC supply, improving the burn tax and other proactive developments.
Highlights
- LUNC price defends $0.0001 support as uncertainty dominates the crypto market.
- Terra Classic's possible relisting on Coinbase is based on the increase in staking and trading activity.
- Due to the lack of liquidity at the current level, LUNC could drop to $0.00008 bottom before the much-awaited rebound.
Developments in the Terra Classic community hinge on restoring LUNC and USTC tokens’ value. For instance, passing the Inter-Blockchain Communication (IBC) client will ensure interoperability between the Terra Class network and Kujira. Based on the prevailing technical structure, the LUNC price prediction affirms a potentially massive bullish outcome in May and the upcoming months.
Terra Classic Community Developments Could Pave The Way for LUNC Bull
Rumor this week is that Coinbase is considering reinstating support for LUNC. As reported in the Terra Classic price analysis, the push for such a move may be motivated by a spike in staking, not to mention the increase in market activity.
Coinbase relisting Terra Classic could build FOMO for the
token and accelerate the move above $0.001. LUNC price prediction shows the token hovering at $0.0001022 on Wednesday.
Despite the spike in community, Terra Classic has mirrored the general sluggishness of cryptocurrency assets
where major movements are scarce. A 1% loss in the last 24 hours in conjunction with a 10% decline in the trading volume to $20.4 million, underpins decreasing investor interest.
Terra Classic also posted a 3% drop in the market cap to $592 million. The token ranks #111 among other cryptos according to CoinMarketCap data.
Developers recently announced a major upgrade for the LUNC
token, expected to ignite a bullish momentum toward the coveted target of $0.001.
LUNC Price Prediction: Terra Classic Prepares For $1 On Recent Community Developments
1/2
LUNC Price Prediction: The Terra Classic community is committed to enhancing network efficiency, reducing LUNC supply, improving the burn tax and other proactive developments.
Highlights
- LUNC price defends $0.0001 support as uncertainty dominates the crypto market.
- Terra Classic's possible relisting on Coinbase is based on the increase in staking and trading activity.
- Due to the lack of liquidity at the current level, LUNC could drop to $0.00008 bottom before the much-awaited rebound.
Developments in the Terra Classic community hinge on restoring LUNC and USTC tokens’ value. For instance, passing the Inter-Blockchain Communication (IBC) client will ensure interoperability between the Terra Class network and Kujira. Based on the prevailing technical structure, the LUNC price prediction affirms a potentially massive bullish outcome in May and the upcoming months.
Terra Classic Community Developments Could Pave The Way for LUNC Bull
Rumor this week is that Coinbase is considering reinstating support for LUNC. As reported in the Terra Classic price analysis, the push for such a move may be motivated by a spike in staking, not to mention the increase in market activity.
Coinbase relisting Terra Classic could build FOMO for the
token and accelerate the move above $0.001. LUNC price prediction shows the token hovering at $0.0001022 on Wednesday.
Despite the spike in community, Terra Classic has mirrored the general sluggishness of cryptocurrency assets
where major movements are scarce. A 1% loss in the last 24 hours in conjunction with a 10% decline in the trading volume to $20.4 million, underpins decreasing investor interest.
Terra Classic also posted a 3% drop in the market cap to $592 million. The token ranks #111 among other cryptos according to CoinMarketCap data.
Developers recently announced a major upgrade for the LUNC
token, expected to ignite a bullish momentum toward the coveted target of $0.001.
https://s.binance.com/HJqvyuwz
HURRY🚴三🚴三🚴三🚴三🚴三 UP
only for 50 followers👣👣👣👣
#ETFvsBTC
#write2earnonbinancesquare
#FollowMeAndGetReward
HURRY🚴三🚴三🚴三🚴三🚴三 UP
only for 50 followers👣👣👣👣
#ETFvsBTC
#write2earnonbinancesquare
#FollowMeAndGetReward
The next move on #Bitcoin will be even more exponential.
#ETFvsBTC
#wirte2Earn
#FollowMeAndGetReward
#BinanceLaunchpool
#ETFvsBTC
#wirte2Earn
#FollowMeAndGetReward
#BinanceLaunchpool
🚨 BREAKING 📷 #Binance 📷 have officially registered with India's Financial Intelligence Unit 📷 🔥
Crypto exchange Binance completes initial registration with FIU-IND, further compliance proceedings still on
While Binance’s penalty is yet to be decided,
KuCoin which is fully registered has paid out Rs 34.5 lakhs in penalty and is now operational,
-said FIU-IND director Vivek Aggarwal.
World’s largest crypto exchange Binance got registered with the
Financial Intelligence Unit in India (FIU-IND), months after nine
offshore exchanges in India were blocked for not following local
anti-money laundering regulations.
This registration is, however, an initial step, as the compliance processes are still on. The exchange will be operational in India only after the completion of these processes and payment of a penalty fee is yet to be decided.
Binance’s registration comes close on the heels of rival KuCoin signing up in March. Meanwhile, OKX decided to discontinue its services in India from April 30.
According to Vivek Aggarwal, Director, FIU-IND and Additional Secretary Department of Revenue Government of India, KuCoin is fully registered and operational now after paying a penalty fee of Rs 34.5 lakh.
“Binance’s operations have not yet resumed and the quantum of penalty is yet to be decided. Binance, as of now, has completed the initial registration with FIU-IND. Its penalty and compliance proceedings are still going on,” Aggarwal added, speaking at a workshop conducted by industry body Bharat Web3 Association (BWA) in New Delhi on May 10.
#BinanceBackInIndia
#write2earn🌐💹
#FollowYourBrotherForMore
Crypto exchange Binance completes initial registration with FIU-IND, further compliance proceedings still on
While Binance’s penalty is yet to be decided,
KuCoin which is fully registered has paid out Rs 34.5 lakhs in penalty and is now operational,
-said FIU-IND director Vivek Aggarwal.
World’s largest crypto exchange Binance got registered with the
Financial Intelligence Unit in India (FIU-IND), months after nine
offshore exchanges in India were blocked for not following local
anti-money laundering regulations.
This registration is, however, an initial step, as the compliance processes are still on. The exchange will be operational in India only after the completion of these processes and payment of a penalty fee is yet to be decided.
Binance’s registration comes close on the heels of rival KuCoin signing up in March. Meanwhile, OKX decided to discontinue its services in India from April 30.
According to Vivek Aggarwal, Director, FIU-IND and Additional Secretary Department of Revenue Government of India, KuCoin is fully registered and operational now after paying a penalty fee of Rs 34.5 lakh.
“Binance’s operations have not yet resumed and the quantum of penalty is yet to be decided. Binance, as of now, has completed the initial registration with FIU-IND. Its penalty and compliance proceedings are still going on,” Aggarwal added, speaking at a workshop conducted by industry body Bharat Web3 Association (BWA) in New Delhi on May 10.
#BinanceBackInIndia
#write2earn🌐💹
#FollowYourBrotherForMore
Bitcoin ETF vs Buying BTC Directly: What’s Better?
4.1/4
Direct exposure to the BTC price
You don’t have to worry about differences in the price of the ETF and the net asset’s value. You’re as exposed to the BTC price as it’s physically possible.
Pros and Cons of Buying BTC Directly
Here are the advantages and disadvantages:
Pros:
- You get direct ownership of the BTC you buy
You can get full control through self-custody
Unlimited trading hours and lower fees
Cons:
-Storing your BTC can be challenging and requires higher technical expertise Can’t include it in traditional retirement plans and 401(k)Not recognized as a financial instrument
Bitcoin ETF vs. Buying BTC Directly: What’s Better?
The above comprises the most essential differences between a spot Bitcoin ETF and buying BTC directly.
There’s no one answer as to which is better, and it strongly depends on the individual preferences and needs of the investor.
For instance, if you’re not tech-savvy, not interested in trading BTC against other altcoins, want long-term exposure without having to worry about safekeeping your crypto, and don’t mind the higher fees, an ETF might be the better option.
However, if you are well-versed in the crypto field and prefer direct ownership of BTC because you want to either safely store it on your cold wallet or you want to trade it actively against other altcoins, then perhaps buying BTC directly is the way to go.
#ETFvsBTC
#Write2Earns
#Follow_Like_Comment
4.1/4
Direct exposure to the BTC price
You don’t have to worry about differences in the price of the ETF and the net asset’s value. You’re as exposed to the BTC price as it’s physically possible.
Pros and Cons of Buying BTC Directly
Here are the advantages and disadvantages:
Pros:
- You get direct ownership of the BTC you buy
You can get full control through self-custody
Unlimited trading hours and lower fees
Cons:
-Storing your BTC can be challenging and requires higher technical expertise Can’t include it in traditional retirement plans and 401(k)Not recognized as a financial instrument
Bitcoin ETF vs. Buying BTC Directly: What’s Better?
The above comprises the most essential differences between a spot Bitcoin ETF and buying BTC directly.
There’s no one answer as to which is better, and it strongly depends on the individual preferences and needs of the investor.
For instance, if you’re not tech-savvy, not interested in trading BTC against other altcoins, want long-term exposure without having to worry about safekeeping your crypto, and don’t mind the higher fees, an ETF might be the better option.
However, if you are well-versed in the crypto field and prefer direct ownership of BTC because you want to either safely store it on your cold wallet or you want to trade it actively against other altcoins, then perhaps buying BTC directly is the way to go.
#ETFvsBTC
#Write2Earns
#Follow_Like_Comment
Bitcoin ETF vs Buying BTC Directly: What’s Better?
4/4
Buying BTC Directly
As opposed to ETFs, buying Bitcoin directly provides you with
ownership over the BTC, regardless of whether you buy it from an exchange or P2P.
Of course, if you do buy it through an exchange such as Binance, you should consider self-custody. This means that you should take your BTC off the exchange and transfer it into a cold wallet such as Trezor or Ledger, where you control the private keys.
In crypto, there’s a popular saying that goes like this:
“Not your keys, not your Bitcoin.”
This also comes with certain responsibilities. Keeping your crypto safe can be a challenging task, especially if you have no prior experience. Worry not, however, as we’ve prepared a detailed guide on what you can do to make sure your BTC is safe.
Just as it is with ETFs, buying Bitcoin directly has its specifics. Here’s a quick summary.
Trades on cryptocurrency exchanges
You can’t buy Bitcoin on the New York Stock Exchange. You have to use a cryptocurrency exchange. The most popular ones are Binance (outside of the US) and Coinbase (US).
Investors get direct ownership of BTC
Once you buy spot BTC on a cryptocurrency exchange – you own it. You can transfer it out of the exchange to a cold storage, or you can use itto trade against other altcoins such as Ethereum.
Acquisition fees vary between crypto exchanges
Unlike ETFs, there’s no Sponsor fee. There are, however, trading fees associated with buying and selling BTC, and they vary based on the cryptocurrency exchange of choice.
Managed by you
Since you have complete ownership over the BTC you bought, you are also responsible for its safety. Self-custody comes with certain challenges, and it’s imperative that you learn about cold storage and how to keep your crypto safe.
Trades 24/7, irrespective of traditional working hours
Cryptocurrency exchanges work around the clock, so there are no limitations in terms of trading hours or weekends.
#ETFvsBTC
#Write2Share
#write2earn🌐💹
4/4
Buying BTC Directly
As opposed to ETFs, buying Bitcoin directly provides you with
ownership over the BTC, regardless of whether you buy it from an exchange or P2P.
Of course, if you do buy it through an exchange such as Binance, you should consider self-custody. This means that you should take your BTC off the exchange and transfer it into a cold wallet such as Trezor or Ledger, where you control the private keys.
In crypto, there’s a popular saying that goes like this:
“Not your keys, not your Bitcoin.”
This also comes with certain responsibilities. Keeping your crypto safe can be a challenging task, especially if you have no prior experience. Worry not, however, as we’ve prepared a detailed guide on what you can do to make sure your BTC is safe.
Just as it is with ETFs, buying Bitcoin directly has its specifics. Here’s a quick summary.
Trades on cryptocurrency exchanges
You can’t buy Bitcoin on the New York Stock Exchange. You have to use a cryptocurrency exchange. The most popular ones are Binance (outside of the US) and Coinbase (US).
Investors get direct ownership of BTC
Once you buy spot BTC on a cryptocurrency exchange – you own it. You can transfer it out of the exchange to a cold storage, or you can use itto trade against other altcoins such as Ethereum.
Acquisition fees vary between crypto exchanges
Unlike ETFs, there’s no Sponsor fee. There are, however, trading fees associated with buying and selling BTC, and they vary based on the cryptocurrency exchange of choice.
Managed by you
Since you have complete ownership over the BTC you bought, you are also responsible for its safety. Self-custody comes with certain challenges, and it’s imperative that you learn about cold storage and how to keep your crypto safe.
Trades 24/7, irrespective of traditional working hours
Cryptocurrency exchanges work around the clock, so there are no limitations in terms of trading hours or weekends.
#ETFvsBTC
#Write2Share
#write2earn🌐💹
Bitcoin ETF vs Buying BTC Directly: What’s Better?
3/4
Trades on traditional exchanges like the New York Stock Exchange
Because the ETF is a traditional investment product, it trades on
regulated exchanges on Wall Street, such as the New York Stock Exchange. ETFs don’t trade on cryptocurrency exchanges like Binance.
Investors don’t own the underlying BTC
Owning an ETF doesn’t grant ownership to the underlying product. Think of it as a synthetic asset that’s built on top of BTC, and it tracks its price. Investors who buy the ETF don’t have to worry about storing and safekeeping BTC.
The shares in the ETF are backed by BTC, which is owned and stored by the ETF provider.
There are acquisition fees depending on the ETF provider
There are multiple Bitcoin ETFs, and each of them comes with
different fees stipulated by the provider. In the case of BlackRock’s Bitcoin ETF (IBIT), there’s a sponsor fee of 0.25% (T&C apply).
Managed by the ETF provider
ETFs are managed by the companies that launch them. They can pull support if they don’t meet certain criteria and can also change the fees at their own volition.
Trades within traditional US trading hours
Because ETFs trade on traditional and regulated US exchanges like NYSE, they can only be accessed during regular US trading hours.
There might be an ETF/NAV price difference
There might be a price difference between the Bitcoin ETF and the price of Bitcoin on the same day. This is because ETFs trade on their separate markets, which dictate their current price.
Pros and Cons of a Bitcoin ETF
The above characteristics are specific to Bitcoin ETFs, and they bring certain advantages and disadvantages.
Pros:
1. Regulated financial product
2. It can be included in specialized portfolios like retirement or 401(k)
3. Backed by regulated and reputable providers like BlackRock
Cons:
1. Investors do not own the underlying BTC
2.There might be a premium on the ETF compared to the BTC NAV
3. Limited trading hours and higher fees
#ETFvsBTC
#Write2Share
#write2earn🌐💹
3/4
Trades on traditional exchanges like the New York Stock Exchange
Because the ETF is a traditional investment product, it trades on
regulated exchanges on Wall Street, such as the New York Stock Exchange. ETFs don’t trade on cryptocurrency exchanges like Binance.
Investors don’t own the underlying BTC
Owning an ETF doesn’t grant ownership to the underlying product. Think of it as a synthetic asset that’s built on top of BTC, and it tracks its price. Investors who buy the ETF don’t have to worry about storing and safekeeping BTC.
The shares in the ETF are backed by BTC, which is owned and stored by the ETF provider.
There are acquisition fees depending on the ETF provider
There are multiple Bitcoin ETFs, and each of them comes with
different fees stipulated by the provider. In the case of BlackRock’s Bitcoin ETF (IBIT), there’s a sponsor fee of 0.25% (T&C apply).
Managed by the ETF provider
ETFs are managed by the companies that launch them. They can pull support if they don’t meet certain criteria and can also change the fees at their own volition.
Trades within traditional US trading hours
Because ETFs trade on traditional and regulated US exchanges like NYSE, they can only be accessed during regular US trading hours.
There might be an ETF/NAV price difference
There might be a price difference between the Bitcoin ETF and the price of Bitcoin on the same day. This is because ETFs trade on their separate markets, which dictate their current price.
Pros and Cons of a Bitcoin ETF
The above characteristics are specific to Bitcoin ETFs, and they bring certain advantages and disadvantages.
Pros:
1. Regulated financial product
2. It can be included in specialized portfolios like retirement or 401(k)
3. Backed by regulated and reputable providers like BlackRock
Cons:
1. Investors do not own the underlying BTC
2.There might be a premium on the ETF compared to the BTC NAV
3. Limited trading hours and higher fees
#ETFvsBTC
#Write2Share
#write2earn🌐💹
Bitcoin ETF vs Buying BTC Directly: What’s Better?
2/4
What is a Spot Bitcoin ETF?
Exchange-traded funds have been a cornerstone in the world of traditional finance for many years.
In essence, an ETF represents a basket (or individual) of assets, and it trades on an exchange just like a regular stock does. It can track the price of various types of assets, including but not limited to securities, commodities, or other assets. It can track multiple assets or just one (as is the case with the spot Bitcoin ETF).
In the case of the Bitcoin ETFs, they provide a traditional and
well-regarded investment vehicle to gain exposure to the price of BTC.
There is, however, a technical difference between the ETF itself and the asset that it tracks. Since the ETF itself is a standalone product –it has a market of its own and trades independently of the asset that underpins it. This is why there might be a difference between the ETF price and the net asset value (NAV) of the underpinning product.
There are other important takeaways that characterize the Bitcoin exchange-traded funds, so let’s have a look at a comprehensive summary.
#ETFvsBTC
#Write2Share
#write2earn🌐💹
2/4
What is a Spot Bitcoin ETF?
Exchange-traded funds have been a cornerstone in the world of traditional finance for many years.
In essence, an ETF represents a basket (or individual) of assets, and it trades on an exchange just like a regular stock does. It can track the price of various types of assets, including but not limited to securities, commodities, or other assets. It can track multiple assets or just one (as is the case with the spot Bitcoin ETF).
In the case of the Bitcoin ETFs, they provide a traditional and
well-regarded investment vehicle to gain exposure to the price of BTC.
There is, however, a technical difference between the ETF itself and the asset that it tracks. Since the ETF itself is a standalone product –it has a market of its own and trades independently of the asset that underpins it. This is why there might be a difference between the ETF price and the net asset value (NAV) of the underpinning product.
There are other important takeaways that characterize the Bitcoin exchange-traded funds, so let’s have a look at a comprehensive summary.
#ETFvsBTC
#Write2Share
#write2earn🌐💹
Bitcoin ETF vs Buying BTC Directly: What’s Better?
1/4
Have you been wondering what’s better – buying BTC directly or buying the recently-approved Bitcoin ETFs? Let’s find out.
A spot Bitcoin exchange-traded fund (ETF) has been
one of the hottest topics over the past few years. Many investment companies, both traditional and crypto-oriented, have been filing multiple applications with the United States Securities and Exchange Commission over and over again.
On January 10th, 2024, the SEC finally gave the go-ahead and greenlighted a total of 11 Bitcoin ETF applications.
It’s been a hard-fought battle spanning many years, and if you want to check out the full timeline of the events, take a look at our detailed article on the matter:
Timeline of Events Leading to Spot Bitcoin ETF Approval in the United States
With the approval already a fact, it’s now critical to explore a very
important subject – the difference between buying a spot Bitcoin ETF and buying Bitcoin directly and what might be better for you.
Here’s a quick table of comparison between both, while the following article provides a more in-depth look.
#ETFvsBTC
#Write2Share
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Have you been wondering what’s better – buying BTC directly or buying the recently-approved Bitcoin ETFs? Let’s find out.
A spot Bitcoin exchange-traded fund (ETF) has been
one of the hottest topics over the past few years. Many investment companies, both traditional and crypto-oriented, have been filing multiple applications with the United States Securities and Exchange Commission over and over again.
On January 10th, 2024, the SEC finally gave the go-ahead and greenlighted a total of 11 Bitcoin ETF applications.
It’s been a hard-fought battle spanning many years, and if you want to check out the full timeline of the events, take a look at our detailed article on the matter:
Timeline of Events Leading to Spot Bitcoin ETF Approval in the United States
With the approval already a fact, it’s now critical to explore a very
important subject – the difference between buying a spot Bitcoin ETF and buying Bitcoin directly and what might be better for you.
Here’s a quick table of comparison between both, while the following article provides a more in-depth look.
#ETFvsBTC
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