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**Bitcoin 4 Hour Analysis For Newcomers (09 September 2024, 12:33 PM Pakistan Time)**
This chart shows that BTC is in a consolidation phase, where the price isnât changing much, indicating stability. The current support level is approximately 54,000, and resistance is around 56,000.
**RSI (Relative Strength Index):** The RSI is at 46, which is in a neutral zone. Itâs far from the oversold zone but could move in either direction. If the RSI drops below 30, buying pressure may increase.
**MACD (Moving Average Convergence Divergence):** The MACD has shown a bullish crossover, where the blue line is crossing the orange line, which is a bullish sign. The histogram is moving into positive territory, but the momentum is weak, indicating the market is still in sideways movement.
**Volume:** Volume is low, which is necessary for confirmation. The market's momentum isnât strong yet, so caution is advised. Movement with high volume will confirm a strong trend.
**Fundamental News:** According to the latest updates, BTC sentiment is currently mixed. US regulatory concerns and global market uncertainty could lead to volatility. Institutional buying also appears to be slow, which could affect price action.
If you are new, be cautious due to the sideways movement and wait for price action confirmation before trading.
#cryptomarketupdate #bitcoin #btc #binancenews
This chart shows that BTC is in a consolidation phase, where the price isnât changing much, indicating stability. The current support level is approximately 54,000, and resistance is around 56,000.
**RSI (Relative Strength Index):** The RSI is at 46, which is in a neutral zone. Itâs far from the oversold zone but could move in either direction. If the RSI drops below 30, buying pressure may increase.
**MACD (Moving Average Convergence Divergence):** The MACD has shown a bullish crossover, where the blue line is crossing the orange line, which is a bullish sign. The histogram is moving into positive territory, but the momentum is weak, indicating the market is still in sideways movement.
**Volume:** Volume is low, which is necessary for confirmation. The market's momentum isnât strong yet, so caution is advised. Movement with high volume will confirm a strong trend.
**Fundamental News:** According to the latest updates, BTC sentiment is currently mixed. US regulatory concerns and global market uncertainty could lead to volatility. Institutional buying also appears to be slow, which could affect price action.
If you are new, be cautious due to the sideways movement and wait for price action confirmation before trading.
#cryptomarketupdate #bitcoin #btc #binancenews
**Bitcoin's Current Funding Rate (09 September 2024, 12:38 PM Pakistan Time)**
Funding rate charts help us understand the market sentiment, indicating whether long or short positions are dominating. These rates tell us where the pressure lies and who is paying whom:
- **Highest Funding Rate:** These are the pairs where longs are dominating. OKX SUSHI/USD has the highest funding rate at 0.0422%, meaning longs are in the majority and are paying shorts. This shows that long traders are bullish on these pairs.
- **Lowest Funding Rate:** These are the pairs where shorts are more dominant. OKX CAT/USDT has a funding rate of -0.2357%, indicating shorts are in control and paying longs. This reflects a bearish sentiment.
- **BTC Funding Rate:** Bitcoinâs funding rate is negative at -0.0077%, meaning short positions slightly outweigh longs, signaling a prevailing bearish sentiment. This could indicate market uncertainty or mild bearishness.
These funding rates help traders gauge the prevailing market sentiment and adjust their trading positions accordingly.
FOLLOW FOR MORE UPDATES
#btc #binancenews #latestupdate #fundingrate
Funding rate charts help us understand the market sentiment, indicating whether long or short positions are dominating. These rates tell us where the pressure lies and who is paying whom:
- **Highest Funding Rate:** These are the pairs where longs are dominating. OKX SUSHI/USD has the highest funding rate at 0.0422%, meaning longs are in the majority and are paying shorts. This shows that long traders are bullish on these pairs.
- **Lowest Funding Rate:** These are the pairs where shorts are more dominant. OKX CAT/USDT has a funding rate of -0.2357%, indicating shorts are in control and paying longs. This reflects a bearish sentiment.
- **BTC Funding Rate:** Bitcoinâs funding rate is negative at -0.0077%, meaning short positions slightly outweigh longs, signaling a prevailing bearish sentiment. This could indicate market uncertainty or mild bearishness.
These funding rates help traders gauge the prevailing market sentiment and adjust their trading positions accordingly.
FOLLOW FOR MORE UPDATES
#btc #binancenews #latestupdate #fundingrate
đ„łHERE THE NEW FEATURE OF BINANCE đ„ł
đ± Mobile Top-Up with Crypto!đ
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đȘ COINSBEE makes it easy to recharge your prepaid mobile phones using **Bitcoin and other cryptocurrencies**. Whether you're in Pakistan or anywhere else in the world, you can top up your phone hassle-free.
Why Choose COINSBEE?
- Global Coverage: With over 1000 providers in more than 165 countries, COINSBEE ensures you stay connected wherever you are.
- **Secure Transactions**: Your crypto payments are safe and secure.
- **Instant Top-Ups**: No waitingâyour mobile balance gets topped up instantly.
- **User-Friendly Interface**: The COINSBEE platform is easy to navigate, making mobile top-ups a breeze.
**How It Works:**
1. Visit [COINSBEE](https://www.coinsbee.com/) on your mobile device.
2. Select your country (Pakistan đ”đ° in this case).
3. Choose your mobile provider.
4. Enter your phone number.
5. Pay with Bitcoin or other supported cryptocurrencies.
6. VoilĂ ! Your mobile balance is recharged.
Stay connected, stay crypto-savvy! đČđĄ
---
Feel free to share this post with your community, and let them know about this convenient way to top up their mobile phones using crypto! đđ#HotTrends #Mobiletopups #binancenews #Coinsbee
đ± Mobile Top-Up with Crypto!đ
{: style="max-width: 100%; height: auto;"}
đȘ COINSBEE makes it easy to recharge your prepaid mobile phones using **Bitcoin and other cryptocurrencies**. Whether you're in Pakistan or anywhere else in the world, you can top up your phone hassle-free.
Why Choose COINSBEE?
- Global Coverage: With over 1000 providers in more than 165 countries, COINSBEE ensures you stay connected wherever you are.
- **Secure Transactions**: Your crypto payments are safe and secure.
- **Instant Top-Ups**: No waitingâyour mobile balance gets topped up instantly.
- **User-Friendly Interface**: The COINSBEE platform is easy to navigate, making mobile top-ups a breeze.
**How It Works:**
1. Visit [COINSBEE](https://www.coinsbee.com/) on your mobile device.
2. Select your country (Pakistan đ”đ° in this case).
3. Choose your mobile provider.
4. Enter your phone number.
5. Pay with Bitcoin or other supported cryptocurrencies.
6. VoilĂ ! Your mobile balance is recharged.
Stay connected, stay crypto-savvy! đČđĄ
---
Feel free to share this post with your community, and let them know about this convenient way to top up their mobile phones using crypto! đđ#HotTrends #Mobiletopups #binancenews #Coinsbee
Alaska and Florida Regulators Took Action Against Binance US
Binance is Again Facing Regulatory Challenges
Cryptocurrency exchange Binance.US is now again facing pressure from regulators in the United States after the guilty plea of former CEO of crypto exchange Binance, Changpeng Zhao. In fact, regulators in Florida and Alaska have stopped the services of Binance.US. Let us tell you that the Alaska Division of Banking and Securities has refused to renew the licence of Binance.US in January 2024.
Along with this, the Financial Regulation Office of Florida has also issued an emergency suspension order against the money transmitter licence of Binance.US. This step has been taken keeping in mind the safety of investors. Addressing these challenges has become a necessary step for Binance.US, which requires Binance.US to cooperate with regulators.
Binance US is in trouble, with operations halted in both Florida and Alaska. The denial of license renewal in Alaska and the suspension in Florida reflect the regulatory bodyâs increasing control over compliance in the US cryptocurrency market. These steps taken by regulators have significant implications not only for Binance but also for the entire cryptocurrency industry. Let us tell you that this step has been taken by the regulators after Binance founder and former CEO CZ was convicted on charges of violating the US anti-money laundering policy.
Binance has been facing regulatory challenges for a long time
Binance has been facing regulatory challenges for a long time. In the United States, Binance is facing two separate lawsuits from local commodities and securities regulators, where Binance and its top executives were accused of violating multiple financial regulations. Also last year, Australiaâs financial regulator revoked Binance Australiaâs derivatives licence. Also his offices were searched.
Along with this, citing regulatory controls, Binance had said goodbye to Canada. Also, due to sanctions, Binance had also closed its operations in Russia. Along with this, after facing continuous investigations for a long time, the CEO of crypto exchange Changpeng Zhao had to resign from his post after being found guilty of violating US anti-money laundering laws. Along with this, strict steps have been taken regarding compliance on Binance in India also. In view of all these matters, Binance needs to pay attention to its regulatory policy.
#binance $BNB #binancenews #CryptoNewsđđ°đ«
Cryptocurrency exchange Binance.US is now again facing pressure from regulators in the United States after the guilty plea of former CEO of crypto exchange Binance, Changpeng Zhao. In fact, regulators in Florida and Alaska have stopped the services of Binance.US. Let us tell you that the Alaska Division of Banking and Securities has refused to renew the licence of Binance.US in January 2024.
Along with this, the Financial Regulation Office of Florida has also issued an emergency suspension order against the money transmitter licence of Binance.US. This step has been taken keeping in mind the safety of investors. Addressing these challenges has become a necessary step for Binance.US, which requires Binance.US to cooperate with regulators.
Binance US is in trouble, with operations halted in both Florida and Alaska. The denial of license renewal in Alaska and the suspension in Florida reflect the regulatory bodyâs increasing control over compliance in the US cryptocurrency market. These steps taken by regulators have significant implications not only for Binance but also for the entire cryptocurrency industry. Let us tell you that this step has been taken by the regulators after Binance founder and former CEO CZ was convicted on charges of violating the US anti-money laundering policy.
Binance has been facing regulatory challenges for a long time
Binance has been facing regulatory challenges for a long time. In the United States, Binance is facing two separate lawsuits from local commodities and securities regulators, where Binance and its top executives were accused of violating multiple financial regulations. Also last year, Australiaâs financial regulator revoked Binance Australiaâs derivatives licence. Also his offices were searched.
Along with this, citing regulatory controls, Binance had said goodbye to Canada. Also, due to sanctions, Binance had also closed its operations in Russia. Along with this, after facing continuous investigations for a long time, the CEO of crypto exchange Changpeng Zhao had to resign from his post after being found guilty of violating US anti-money laundering laws. Along with this, strict steps have been taken regarding compliance on Binance in India also. In view of all these matters, Binance needs to pay attention to its regulatory policy.
#binance $BNB #binancenews #CryptoNewsđđ°đ«
#binancenews
BNB Surpasses 600 USDT with a 4.13% Increase in 24 Hours
On Apr 10, 2024, 16:33 PM(UTC). According to Binance Market Data, BNB has crossed the 600 USDT benchmark and is now trading at 600.5 USDT, with a 4.13% increase in 24 hours
BNB Surpasses 600 USDT with a 4.13% Increase in 24 Hours
On Apr 10, 2024, 16:33 PM(UTC). According to Binance Market Data, BNB has crossed the 600 USDT benchmark and is now trading at 600.5 USDT, with a 4.13% increase in 24 hours
$BB one again long position... buy long and make best profit đđ
#bb $BB
#binancenews
#BBcoinBuzz
#BinanceSquareFamily
#EarnFreeCrypto2024
#bb $BB
#binancenews
#BBcoinBuzz
#BinanceSquareFamily
#EarnFreeCrypto2024
Binance to Delist XEM, WAVES, OMG Network, and WNXM on June 17, 2024
Binance has announced it will delist four coinsâXEM (NEM), WAVES, OMG Network, and WNXMâon June 17, 2024. This decision follows Binanceâs regular review process to ensure all listed digital assets meet the exchangeâs high standards and industry requirements.
At Binance, maintaining a high level of quality for its listed assets is crucial. When a coin or token no longer meets these standards or when the industry landscape changes, Binance conducts a thorough review and may decide to delist the asset. This approach helps the platform offer the best services and protections for its users while adapting to evolving market dynamics.
Several factors influence Binance's decision to delist a digital asset, including:
- Development activity and responsiveness of the team
- Network stability and security
- Level and quality of community engagement
- Trading volume and liquidity
- Regulatory standing and compliance
- Contributions to the healthy and sustainable crypto ecosystem
By delisting XEM, WAVES, OMG Network, and WNXM, Binance aims to maintain a secure and efficient trading environment. Users holding these assets should take necessary actions before the delisting date to avoid any inconvenience. Binance remains committed to providing top-tier service and adapting to the changing crypto market to benefit its users.
#delistcoins #binancenews #StartInvestingInCrypto #cryptonews #altcoins
Binance has announced it will delist four coinsâXEM (NEM), WAVES, OMG Network, and WNXMâon June 17, 2024. This decision follows Binanceâs regular review process to ensure all listed digital assets meet the exchangeâs high standards and industry requirements.
At Binance, maintaining a high level of quality for its listed assets is crucial. When a coin or token no longer meets these standards or when the industry landscape changes, Binance conducts a thorough review and may decide to delist the asset. This approach helps the platform offer the best services and protections for its users while adapting to evolving market dynamics.
Several factors influence Binance's decision to delist a digital asset, including:
- Development activity and responsiveness of the team
- Network stability and security
- Level and quality of community engagement
- Trading volume and liquidity
- Regulatory standing and compliance
- Contributions to the healthy and sustainable crypto ecosystem
By delisting XEM, WAVES, OMG Network, and WNXM, Binance aims to maintain a secure and efficient trading environment. Users holding these assets should take necessary actions before the delisting date to avoid any inconvenience. Binance remains committed to providing top-tier service and adapting to the changing crypto market to benefit its users.
#delistcoins #binancenews #StartInvestingInCrypto #cryptonews #altcoins
đž Binance Labs and BNB Chain launch new initiative to foster 100 innovative projects.
The MVB Accelerator Program, now in its 7th season, a collaborative partnership between Binance Labs and CMC Labs.
https://www.bnbchain.org/en/blog/mvb-accelerator-program-teams-up-with-cmc-labs-to-launch-new-founder-track-aiming-to-incubate-100-new-projects-on-bnb-chain
#BinanceSquareTalks #BinanceBlockchainWeek #binancenews
The MVB Accelerator Program, now in its 7th season, a collaborative partnership between Binance Labs and CMC Labs.
https://www.bnbchain.org/en/blog/mvb-accelerator-program-teams-up-with-cmc-labs-to-launch-new-founder-track-aiming-to-incubate-100-new-projects-on-bnb-chain
#BinanceSquareTalks #BinanceBlockchainWeek #binancenews
BINANCE UNDER FIRE: NIGERIA DEMANDS $10 BILLION OVER ALLEGED MANIPULATION
Cryptocurrency giant Binance finds itself in hot water as the Nigerian government demands a staggering $10 billion in compensation, citing allegations of currency manipulation and rate-fixing.
Nigeriaâs $10 Billion Demand
Nigeria, Africaâs largest economy, has issued a hefty demand against Binance, accusing the cryptocurrency firm of tampering with foreign exchange rates, leading to a drastic devaluation of the Nigerian naira by almost 70% in recent months.
Arrests and Silence
Adding to the drama, two high-ranking Binance executives were arrested within Nigerian borders earlier this week. Despite the uproar, Binance has remained tight-lipped, failing to respond to inquiries from media outlets, including the BBC.
Cryptocurrency Landscape in Nigeria
Nigeria boasts one of the worldâs largest cryptocurrency markets, with transactions equivalent to a substantial 12% of the nationâs GDP occurring in the year leading up to June 2023, according to Reuters.
Regulatory Framework
While cryptocurrencies are not illegal in Nigeria, companies operating within the sector are required to register with the government. However, Binance allegedly skirted these regulations, prompting scrutiny from authorities.
Market Impact
President Bola Tinubuâs decision to untether the naira from the dollar last year aimed to foster a more flexible exchange system. However, recent turmoil in the market, attributed to Binanceâs activities, has forced the governmentâs hand in taking decisive action.
Suspension and Fallout
In a bid to stabilize the plummeting naira, Nigerian authorities have suspended several cryptocurrency platforms, including Binance, Coinbase, Kraken, and others. This move has caused frustration among Nigerian users but underscores the governmentâs determination to restore stability.
Money Laundering and Security Concerns
Beyond financial instability, Nigerian officials have raised concerns over the illicit use of cryptocurrency for money laundering and funding terrorism. The anonymity inherent in cryptocurrency transactions poses a significant challenge for law enforcement agencies.
Economic Fallout
The collapse of the Naira has exacerbated the countryâs cost-of-living crisis, triggering protests against soaring food and commodity prices, alongside rising fuel and transportation costs.
#cryptopiannews #binancenews #Write2Earn⏠#NigeriaCrypto #TrendingTopic!
Nigeriaâs $10 Billion Demand
Nigeria, Africaâs largest economy, has issued a hefty demand against Binance, accusing the cryptocurrency firm of tampering with foreign exchange rates, leading to a drastic devaluation of the Nigerian naira by almost 70% in recent months.
Arrests and Silence
Adding to the drama, two high-ranking Binance executives were arrested within Nigerian borders earlier this week. Despite the uproar, Binance has remained tight-lipped, failing to respond to inquiries from media outlets, including the BBC.
Cryptocurrency Landscape in Nigeria
Nigeria boasts one of the worldâs largest cryptocurrency markets, with transactions equivalent to a substantial 12% of the nationâs GDP occurring in the year leading up to June 2023, according to Reuters.
Regulatory Framework
While cryptocurrencies are not illegal in Nigeria, companies operating within the sector are required to register with the government. However, Binance allegedly skirted these regulations, prompting scrutiny from authorities.
Market Impact
President Bola Tinubuâs decision to untether the naira from the dollar last year aimed to foster a more flexible exchange system. However, recent turmoil in the market, attributed to Binanceâs activities, has forced the governmentâs hand in taking decisive action.
Suspension and Fallout
In a bid to stabilize the plummeting naira, Nigerian authorities have suspended several cryptocurrency platforms, including Binance, Coinbase, Kraken, and others. This move has caused frustration among Nigerian users but underscores the governmentâs determination to restore stability.
Money Laundering and Security Concerns
Beyond financial instability, Nigerian officials have raised concerns over the illicit use of cryptocurrency for money laundering and funding terrorism. The anonymity inherent in cryptocurrency transactions poses a significant challenge for law enforcement agencies.
Economic Fallout
The collapse of the Naira has exacerbated the countryâs cost-of-living crisis, triggering protests against soaring food and commodity prices, alongside rising fuel and transportation costs.
#cryptopiannews #binancenews #Write2Earn⏠#NigeriaCrypto #TrendingTopic!
