Bitcoin (BTC) price has fallen below $58,000 again, and the lack of demand above $60,000 has increased the risk of a deeper decline. This has also had a negative impact on altcoins, causing some cryptocurrencies to lose more than 4%. While there has been no significant development on the macroeconomic front, the cryptocurrency market has generally been in the red.
Significant Development in Cryptocurrency in the United Arab Emirates
In the United Arab Emirates, salary payments made in cryptocurrencies have been officially recognized in employment contracts. The decision by the Dubai Court of First Instance marks a change in legal stance after a similar request was rejected in 2023. Irina Heaver, a partner at UAE law firm NeosLegal, said the decision sets an important precedent that paves the way for greater integration of cryptocurrencies into daily transactions. The court’s recognition of salary payments in cryptocurrencies in employment contracts confirms that both companies and employees must comply with these terms. Heaver stressed that this decision is reassuring and that wages are the right of the employee.
IMF Proposes High Taxes on Crypto Mining
Two IMF managers have proposed imposing an additional tax of up to 85% on electricity used in crypto mining. The proposal is based on the idea that mining must be limited to meet carbon emission targets. However, while many countries have switched back to fossil fuel-fired electricity generation, China is still far from its carbon emission targets. IMF managers Hebous and Vernon-Lin argued that the proposed higher tax would increase the average electricity price for crypto miners by 85% and generate an additional $5.2 billion in annual global government revenue.
Investment Flow Continues in the Mining Sector
Despite the decline in supporting factors such as halving and ordinals, where mining rewards are halved, the mining sector is still attractive to investors. According to BlocksBridge Consulting, publicly traded mining companies have received a total investment of $2.2 billion. This shows that crypto mining companies are still attracting attention from investors and the flow of investment in the sector continues.
FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.
My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.
Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAILED.
My brothers and sisters who have become Binance members without a reference, please listen carefully;
When you do what I say in order, you will receive 10 USDT.
Go to the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.
The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.
It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.
WHEN WILL THE REWARD COME?
Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.
You can share this post with your friends in need so that they can also benefit from it.
IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.
