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MOONPAY PARTNERS WITH PAYPAL FOR FIAT-TO-CRYPTO TRANSACTIONS
Moonpay has announced that it has taken a big step towards integration with traditional financial services. In a big move, it announced joining hands with PayPal which will initially offer services for the purchase of cryptocurrency.
MoonPay and its crypto services
MoonPay is an international financial company that offers crypto services to users. It has been a leader in innovation and creating opportunities for crypto users. It offers ease and security to users in cryptocurrency transactions. What makes MoonPay unique is its on- and off-ramp services, providing a range of traditional payment services for the purchase of crypto.
Initially, the company was able to secure a partnership with Bitcoin.com while later it continued to add other big names to partnerships including BNB, BTC, ETH, LTC, etc. It is because of the wide assortment of payment options which makes this service is special to users. Users can purchase crypto using debit cards, credit cards, bank transfers, etc.
There is support for a wide range of fiat currencies in MoonPay which makes it an attractive option for users across the globe. In a recent announcement, it added to the valuable features. The announcement came through the X handle and official website which said that MoonPay has partnered with PayPal.
The latter has continued to serve customers in the finance arena for years and continues as a name of trust and security. As MoonPay has announced a partnership with MoonPay, it will allow users a number of features. Thus, they will be able to purchase cryptocurrency in a much easier manner.
Moonpayâs Integration with Paypal
The integration with PayPal is seen as a big thing in the cryptocurrency arena for a number of reasons. As it will allow users to purchase cryptocurrency using PayPal account, it will bring ease into such transactions. The feature is currently available for US users only and there is a chance that it is extended to customers from other regions as well. #CryptoWatchMay2024 #altcoins $BTC
CZ is the hero of blockchain & digital currency, which we need them really.
We believe the US had gotten wrong & cruelly decision about him and condemn it.
We want him to be free as soon as in a minute. Be strong Mr CZ, we are with you and will see you soon among us âïž #Token2049 #Metaverse $BTC $ETH $BNB
In the heart of the cryptocurrency universe, one name shines brighter than the rest: Changpeng Zhao, affectionately known as CZ. But today, that brilliance is overshadowed by uncertainty and fear. As the architect of Binance, CZ has reshaped the financial landscape, offering hope and opportunity to millions. Yet, as he faces unprecedented challenges, it's time for us to unite in a chorus of support. Let our voices echo through the digital realm with #FreeCZ a rallying cry for justice and solidarity.
CZ's journey is one of inspiration and innovation. With Binance, he didn't just build a platform; he built a lifeline for the disenfranchised and the dreamers, a beacon of hope in a world of uncertainty. His vision has empowered countless individuals, transforming lives and futures with each transaction.
But now, as the winds of adversity blow, CZ stands at a crossroads. Will we allow a titan of industry to be silenced, or will we raise our voices in defiance? The answer lies in our collective resolve.
#FreeCZ is more than just a hashtag; it's a symbol of our unwavering commitment to justice and progress. It's a reminder that even in our darkest hours, unity can light the way forward. So let's flood the digital sphere with messages of support, with stories of how CZ has touched our lives and shaped our futures.
Together, we can turn the tide. Together, we can ensure that CZ's legacy endures, not as a cautionary tale, but as a testament to the power of perseverance and belief.
Join the movement. Raise your voice. Stand with CZ.
BINANCE SUBMITS EXTENSIVE DOCS IN SEC COMPLIANCE EFFORT
In the ongoing legal proceedings between the Securities and Exchange Commission (SEC) and cryptocurrency giant Binance, a new development has emerged. On March 25, Judge Zia M. Faruqui mandated both parties to submit a status report by April 5. This report will detail their progress in expedited discovery and suggest future actions. The directive underscores the importance of transparency and compliance in the evolving digital currency landscape. The SECâs investigation into Binanceencompasses a broad review of the companyâs operations. This includes the management of customer assets and adherence to regulatory standards. The focus is particularly on the technologies Binance employs for its digital wallets and the safeguarding of customer funds. The regulatory body aims to ensure that Binance operates within legal and ethical boundaries. Binanceâs response and operational adjustments In response to the SECâs scrutiny, Binance has provided extensive documentation to demonstrate its compliance with regulatory requirements. The exchange has submitted over 300,000 pages of documents, signaling its commitment to transparency. Moreover, Binance has pledged to disclose additional non-sensitive information. This will include internal communications, further affirming its stance on operational clarity, particularly in the U.S. market. Binanceâs proactive approach to the legal matter extends to its founder, Changpeng Zhao. Zhao and his team have expressed their intention to collaborate fully with the SEC. This is a strategic move to address and alleviate the concerns raised by the regulatory body. Previously, the SEC had accused Binance of failing to cooperate fully with its investigation. Amid this heightened scrutiny, Binance has initiated a significant operational change. The company has segregated its $10 billion investment arm, Binance Labs, from its main cryptocurrency exchange operations. This decision reflects Binanceâs adaptability and its efforts to maintain regulatory compliance while continuing to innovate and grow in the competitive cryptocurrency market. Binance and SEC prepare for April deadline As the April 5 deadline approaches, both Binance and the SEC are preparing their status reports. These documents are expected to provide insight into the current state of the investigation. They will also outline proposed steps for resolving the legal challenges. This exchange is part of the legal process aimed at ensuring fair practices and investor protection in the cryptocurrency sector. The outcome of this legal battle could have significant implications for the cryptocurrency industry. It highlights the ongoing tension between regulatory bodies and digital currency platforms. As the sector continues to evolve, the importance of regulatory compliance and operational transparency becomes increasingly evident. The SECâs investigation into Binance is a reminder of the critical role of regulation in maintaining market integrity and protecting consumer interests. Disclaimer. The information provided is not trading advice. #WIF #sui #SHIB #APT #FET $BTC $ETH $BNB
SOLANA (SOL) SIGNALS BULLISH MOMENTUM, EYES ALL-TIME HIGH
Solana (SOL), one of the fastest-growing cryptocurrencies, has achieved a significant milestone in its recent performance, flipping a major resistance level into support. This development comes as a result of meticulous analysis by prominent crypto analyst Jelle, whose insights have garnered attention within the cryptocurrency community. According to Jelleâs latest analysis, Solanaâs ability to transform its previous resistance level into a support zone signals a bullish sentiment surrounding the asset and suggests a potential upward trajectory shortly. Solana (SOL) sets sights on $250 Solana (SOL), a standout performer in the recent cryptocurrency market, is gearing up for a significant milestone as it sets its sights on reaching the coveted $250 mark. This ambitious target stems from a comprehensive analysis conducted by Jelle, a respected figure in the crypto community, whose insights have been fortified by detailed charts and market observations. Jelleâs analysis paints a compelling picture of Solanaâs trajectory, indicating that the digital asset is poised for further growth in the coming months. The predicted target of $250 by summer reflects a sense of optimism grounded in Solanaâs recent performance, characterized by robust upward momentum and a notable surge in trading volume. Currently priced at approximately $190.24, Solana has witnessed an impressive uptick of 85.53% over the past month alone. This surge not only underscores a robust recovery but also serves as a testament to growing investor confidence in Solanaâs capabilities as a promising investment vehicle within the cryptocurrency space. The market reacts positively to Solanaâs momentum Solanaâs recent surge in performance hasnât gone unnoticed by market analysts and investors, who are now keeping a keen eye on its trajectory. Acknowledging its resilience and innovative edge within the cryptocurrency ecosystem, Solana has garnered attention for its ability to navigate through challenges and emerge stronger. The transition from resistance to support isnât just a technical feat; itâs a testament to Solanaâs robust position in the crypto space. By successfully establishing itself as a formidable player, Solana has demonstrated its capacity to adapt to evolving market dynamics and seize growth opportunities. With Solana inching closer to its previous all-time high of approximately $259.90, anticipation is palpable within the community. The prospect of Solana surpassing this milestone fuels excitement and optimism among investors, who are eager to witness the assetâs continued ascent. As Solana continues to gain momentum and attract attention, its journey toward new heights underscores its significance within the cryptocurrency landscape. With each stride forward, Solana reinforces its reputation as a promising investment and a driving force behind innovation in decentralized finance. Resilience, adoption, and prospects With solid fundamentals and increasing adoption, Solana appears to be well-positioned for continued success. The achievement of flipping a major resistance level into support underscores Solanaâs strength and resilience amidst evolving market dynamics. As the cryptocurrency market continues to respond to Solanaâs momentum, analysts and investors alike remain optimistic about its prospects. Solanaâs recent performance marks a significant milestone in its journey toward broader recognition and adoption within the cryptocurrency space. The successful transition from resistance to support, coupled with optimistic price predictions, underscores Solanaâs potential for further growth and development. As market dynamics continue to evolve, Solana remains a key player to watch, with its innovative features and robust ecosystem contributing to its continued success. As Solana continues to make strides toward its $250 target, all eyes remain on this burgeoning digital asset. Disclaimer: The information provided is not trading advice. #ICP #GALA #LUNA #BOME #WIF $BTC $ETH $SOL
EMERGING ALTCOINS TO KEEP AN EYE ON: SCAPESMANIA, OPTIMISM, AND SUI
The cryptocurrency market is currently witnessing a notable upswing, primarily fueled by substantial institutional moves. Bitcoin has broken its previous record highs, now trading above $72,000, thanks to significant backing from institutional giants such as BlackRock and Fidelity. This surge is closely linked to the recent green light for Bitcoin spot exchange-traded funds (ETFs) in January. The entry of these institutional players signifies a crucial transformation in market dynamics, pointing towards a more evolved and stable landscape. Although a significant market correction is expected around the Bitcoin halving event in April, itâs predicted that any downturn will be quickly countered by institutional buying power. There are several coins that might show great results in view of the latest shifts or potential developments in the market. Below, you will find examples of coins that are well-equipped to enjoy potential success in view of the factors we have highlighted above. ScapesMania: The Big Debut After a jaw-dropping presale success, ScapesMania has finally hit the exchange scene. With a whopping $6.125 million in funding and 18,400 holders, itâs time for $MANIA to move forward. Now, itâs featured on PancakeSwap, the leading DEX on the Binance Smart Chain, attracting over 1 million monthly users. Trading commenced with MANIA/WBNB and MANIA/USDT pairs, with USDT as the primary liquidity source, driven by community preference. Success Since Day 1 ScapesManiaâs debut trading day was remarkable, indicating the tokenâs strength and promising future. $MANIA stands out from short-lived ICO projects by showing dedication to long-term growth alongside its community of holders. The holder count stabilized at an impressive 18.48K within the first 24 hours post-listing with more and more recognizing the value and potential of the project.
Unlocking ScapesManiaâs Appeal ScapesMania stands out in the crypto world by avoiding reliance on pyramid schemes and staying connected with its audience, making it a true game-changer in the industry. Here, players can enjoy gameplay without crypto complexities, while holders can influence development and shape the ecosystemâs future. ScapesMania bridges Web2 and Web3, and itâs a win-win situation for everyone involved! Operating within the massive casual gaming industry set to skyrocket to $19.12 billion by 2027 as per Statista, ScapesMania is poised to capitalize on this growth. The current bull run, fueled by Bitcoinâs surge, suggests that the new altcoin season is right around the corner, with gaming tokens leading the way. The timing of ScapesManiaâs listing is perfect, and thereâs no better moment to jump onboard and grab your $MANIA tokens. Whatâs in for Holders? As ScapesMania gains momentum, hereâs whatâs in store for $MANIA adopters: Balanced Tokenomics with Cliff and Vesting: These mechanisms help ensure stability by maintaining supply-demand equilibrium.DAO Governance: Holders can influence ecosystem development by voting on crucial decisions.Staking Program: Members can stake tokens for additional rewards.Token Utility Expansion: Unlike meme coins reliant on hype, $MANIA stands out with exceptional utility set to expand with new projects added to the ecosystem. The token will act as the in-game currency in the pilot gaming project, empower holders with voting rights in the developing DAO, and enable them to score staking and community rewards.Verified Safety: ScapesManiaâs smart contract has been audited and given the green light by BlockSafu, ensuring its reliability and security. The sooner you become a $MANIA holder, the better your conditions might be. Future Vision and Prospects With fund generation goals successfully met, ScapesMania sets its sights on a promising future. Hereâs a glimpse of what lies ahead: The team is now focused on product development, collaborating with seasoned game developers and cultivating an in-house talent pool. The project moves ahead with each milestone completed. Not joining in now could lead to regret as you witness the projectâs growth firsthand.Led by their visionary CEO, the team is constantly testing and refining ideas to ensure they resonate perfectly with the target audience.With a solid post-listing marketing strategy, ScapesMania is expanding its outreach efforts and fine-tuning its tactics, reaching new heights with each move. A $6,000,000+ presale, over18,400 holders, a community exceeding 60,000 members and counting, and an average monthly traffic of over 75,000speak volumes about the teamâs marketing prowess.
Community Excitement The crypto community is abuzz with talk about ScapesMania across popular platforms. People are eager to join because they resonate with its vision and want to play an active role. Even whales are paying attention, with deposits already exceeding $20,000.
Itâs clear that none of this success would be achievable without such a devoted community. The ScapesMania team extends sincere gratitude to its supporters for this initial boost. And keep in mind, this is only the start â thereâs much more in store! #HotTrends #Write2Erarn $BTC $ETH $BNB
BOOST YOUR PORTFOLIO WITH THESE 3 CRYPTOS SET FOR REMARKABLE GROWTH
Bitcoin ETFs are hitting record numbers, making headlines in financial circles. Amid this uptick, some cryptocurrencies are poised for remarkable growth. The significance of these events cannot be downplayed for potential investors who might look towards diversifying their portfolios. Our article delves into three such promising cryptocurrencies, highlighting opportunities in the crypto marketplace. BlastUP Emerges as a Game Changer in the DApp Launch Landscape BlastUP is a unique launchpad platform based on Blast, a legendary Layer 2 blockchain that dominated the headlines with its dizzying start, securing over $1 billion TVL in just one month. The impact of BlastUP may be huge, as its innovative solutions for launching DApps with a complete suite of Web3 and AI tools are going to be a hit for startups. The presale of BlastUP tokens is underway, and investing in them at this point could be like buying Ethereum for a few bucks back in 2017. With each new presale stage, BlastUP tokens will increase in value. The price at the current stage is set at $0.05, while the price at the listing is going to be $0.1. Now is the perfect time to buy BlastUP tokens at the best price with a 50% discount. Holders of BlastUP tokens get access to many perks from priority token sale to exclusive loyalty rewards in IDOs. Holders can also earn interest by staking BlastUP tokens and benefit from the seed staking feature, which provides free tokens from supported projects. BlastUP is not just another crypto project, it has a strong foundation to win the loyalty of a broad audience. By providing a comprehensive suite of tools, this launchpad aims to lower the barriers to entry for blockchain startups, ensuring they have everything to succeed from the outset. BlastUPâs detailed roadmap runs up to 2026 with plans to introduce an AI IDO screener, AI Startup Team Tools, and the Community Marketplace. BlastUP is gearing up to become the next big thing in the crypto space, so youâd better hurry up and jump on the bandwagon before it is too late. SEIâs 210% Surge Suggests Short-Term Profits but Long-Term Caution Needed Given SEIâs impressive surge of 210% in a single day, thereâs potential for further growth. Drawing on its nearest resistance levels of $1.05 and second at $1.27, bullish sentiment may push its price beyond these markers. Itâs a notable climb from its current $0.83 mark, suggesting short-term profit opportunities. However, a long-term perspective necessitates caution. Despite the current upward trajectory, SEIâs MACD signal suggests a sell. With its nearest support level at $0.60 and second level at $0.36, a shift in market sentiment could precipitate a tumble, returning it to close to its 100-day simple moving average of $0.61. This scenario canât be overlooked. Optimism Cryptocurrency: Bullish Phase Analysis and Buying Opportunities The current price of Optimism is slightly above its nearest resistance level at $4.32, which indicates a potentially strong bullish phase. If it continues to surge and surpasses its second resistance level of $4.95, we could see a much higher peak, reinforcing the current buy recommendations from MACD and SMA 10-day and 100-day. However, maintaining this bullish momentum depends heavily on buying pressure and investor sentiment. On the other hand, itâs important to consider potential pullbacks and market corrections. If Optimism fails to maintain its current price level and falls below the nearest resistance level, we could witness a test of support around $2.95. If it further descends to the second support level of $2.2, it could offer a moment of reaccumulation for investors, providing a long-term opportunity. Remember, even in a bullish trend, pockets of downward changes are key buying opportunities. ADA Exclusion from Grayscale Fund: Short-Term Pressure, Long-Term Potential The recent exclusion of ADA from the new Grayscale fund could place some downward pressure in the short-term. With ADAâs current price at $0.75, itâs sitting right at the nearest resistance level. It could drop to the nearest support level of $0.52, particularly if market sentiment turns sour. Yet, the buy recommendations from the MACD and 10-day Simple Moving Average suggest some underlying bullish momentum. For a long-term view, ADAâs second support is at $0.38, which could serve as a solid foundation for future growth, despite current shocks. Its 100-day simple moving average of $0.56 also recommends buying signaling long-term investor confidence in this coin. Even if it faces hurdles now, remember that ADA has potential. Second resistance level standing at $0.85 embodies the possible upside, indicating that if positive elements take control, we could see significant price escalation. Conclusion While SEI, Optimism, and ADA hold reasonable potential for growth, the future of BlastUP within the Blast ecosystem appears to be particularly bright. Its innovative solutions and comprehensive suite of tools for DApp launches could revolutionize the landscape, making it a hot prospect for potential investors and blockchain startups. The future could see this unique platform becoming a major influencer in the crypto space, suggesting that now is the time to invest in its potential. Site: https://blastup.io/ Twitter: https://twitter.com/Blastup_io Discord: https://discord.gg/5Kc3nDhqVW Telegram: https://t.me/blastup_io Disclaimer. This is not financial advice. #TrendingTopic #Write2Eam $BTC $ETH $BNB
Bitcoin-based ETFs are making waves on Wall Street, marking a significant shift in the crypto market. This pivotal event is not just shaking up the financial world; itâs also paving the way for unprecedented investment opportunities in the digital sphere. Among the potential beneficiaries are select low-cost tokens that, despite their modest price tags, hold the potential to yield substantial returns. Positioning oneâs investment strategy to capitalize on such tokens could be the key to transforming a modest input into impressive earnings. This article provides a deep dive into three such tokens that are currently flying under the investor radar.BlastUP Presale: A Beacon of Predictability in the Volatile Crypto SpaceBuying presale tokens may be a good idea, as they are immune to marketâs wild swingswith their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP. It is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins and the first one to reach a staggering $1 billion TVL in just one month.BlastUP is committed to fostering a robust community with the Blast ecosystem where everyone benefits from mutual growth. With ambitious plans to combine AI and Web3 tools, BlastUP aims to create a truly rewarding and safe environment for smooth DApps launches. Its Project Screening feature will ensure that only high caliber projects enter its community.The BlastUP tokenâs presale is underway, offering a decent chance to invest in a promising asset at a low price. Currently, the tokenâs price is lower than its future listing price, so now is the most opportune moment to join the presale.Those who buy BlastUP tokens at this stage gain exclusive access to an Airdropdistributing a portion of free tokens. Besides, they can get extra rewards through staking and participate in tiered IDO launches.BlastUP is on the rise, fueling crypto startups with a community-first vibe and innovation at its heart. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026 to unleash AI tools, the Community Marketplace, the incubation program, and more initiatives to foster mutual growth. BlastUP is about to shake up the crypto scene, so get on board before this rocket ship takes off without you!Dogecoinâs Price Spike Potential and Risks Amid Celebrity EndorsementsDOGE has been experiencing undeniable hype and attention recently, thanks in part to prominent figures endorsing the cryptocurrency. Consequently, I foresee a potential short-term spike in the price. Thereâs an opportunity for savvy traders to make quick gains during this surge, particularly if the celebrity attention continues. Nevertheless, this can also lead to price volatility, so while there could be fast profits, the risk of losses is equally present.For a longer-term perspective, a key point to consider is whether the current enthusiasm can transition into sustained interest and adoption. A rise in celebrity endorsement may invite a broader audience, potentially solidifying Dogecoinâs market position. However, the dependence on celebrity support introduces an element of uncertainty. Realistically, if celebrity interest wanes, the price could face significant downward pressure. Therefore, long-term investors might need to be prepared for potential dips and have a strategy that can adapt to these changes.Popularity Surge Offers Meme Coins like Bonk (BONK) Potential, but Risks LoomThe surge in popularity of meme coins, including Bonk (BONK), has an excellent potential to positively affect its value. The recent upswing points at a growing interest among traders, which, combined with the factor of social appeal, could be a strong driver towards a price increase. If the fascination with meme coins takes root on a wider scale and Bonk manages to sustain the current momentum, thereâs considerable potential for its valuation to hit higher returns in the long-term.However, the meme coin market, including Bonk, is highly volatile and dictated by market sentiment. Its sudden popularity also carries the risk of being a short-lived trend. Any adverse move or shift in tradersâ interest to other alternative coins can lead to a significant price drop. The irregularity surrounding the adoption of meme coins makes it a high-risk investment and leaves room for the possibility of a decrease in value.ConclusionThe versatility and potential of BlastUP make it a riveting investment opportunity, especially considering its integration into the innovative Blast ecosystem. While Dogecoin and Bonk also offer potential, itâs the sheer predictability and community-driven approach that set BlastUP apart. Its cutting-edge AI and Web3 tools contribute to an ecosystem ripe for growth, making it a worthy candidate for investors looking to turn a modest input into substantial earnings.#Write2Eam #TrendingTopic $BTC $ETH $BNB
FORGET THE BITCOIN HALVING FEAR â HEREâS WHERE BTC IS HEADED
Bitcoin halving events often stir anxiety and speculation within the crypto community as they mark significant milestones in the protocolâs monetary policy. However, focusing solely on the fear surrounding halvings can obscure the broader trajectory of BTCâs journey.Despite the apprehension accompanying these events, looking beyond the short-term fluctuations and considering the fundamental principles and long-term prospects driving Bitcoinâs value proposition is essential.Understanding where BTC is headed requires a multifaceted analysis encompassing technological advancements, adoption trends, macroeconomic factors, regulatory developments, and market sentiment. While halvings play a crucial role in BTCâs supply dynamics, they are just one piece of the puzzle shaping its future trajectory.Bitcoin halving stands to be a benefit to the industryHistorically, the supply shock caused by the halving has signaled the beginning of substantial bull markets in bitcoin. And as we approach the fourth halving, experts expect this trend will continue, potentially propelling BTCâs price to new all-time highs.  At the time of writing, Bitcoin (BTC) is worth $62,895.91, down 0.2% from an hour ago and up 6.0% from yesterday. BTCâs value today is 21.2% higher than it was seven days ago.The global crypto market cap is now $2.45 trillion, up 5.3% in the last 24 hours and 120.91% from a year ago. As of today, BTCâs market cap is $1.24 trillion, reflecting a 50.49% crypto market dominance. Meanwhile, stablecoinsâ market cap is $143 billion, accounting for 5.83% of the overall crypto market cap. Hereâs a comprehensive look at where BTC is headed:1. Maturation as digital gold: BTCâs evolution as a store of value akin to digital gold continues to solidify. Its limited supply of 21 million coins and decentralized nature position it as a hedge against inflation and economic uncertainty, attracting institutional and retail investors alike.2. Institutional adoption: Increasing institutional adoption bolsters BTCâs legitimacy and stability in traditional finance. Major companies and financial institutions are integrating BTC into their investment portfolios, paving the way for broader acceptance and usage.3. Technological advancements: Ongoing technological developments, such as the Lightning Network for faster transactions and Taproot for improved privacy and scalability, enhance BTCâs utility and attractiveness.4. Global economic uncertainty: Amid geopolitical tensions and monetary policy concerns, Bitcoin serves as a decentralized alternative to traditional currencies, offering individuals and businesses a means to safeguard wealth and conduct borderless transactions.5. Global adoption and payment integration: Bitcoinâs increasing acceptance as a means of payment by merchants and businesses worldwide enhances its utility and mainstream adoption. Companies like Tesla and PayPal accepting BTC for transactions underscore its growing relevance in commerce.6. Halving as a market event, not sole determinant: While BTC halving events historically correlate with price increases due to supply scarcity, they are not the sole determinant of Bitcoinâs long-term trajectory. Other factors, such as demand dynamics, macroeconomic trends, and regulatory developments, play significant roles in shaping Bitcoinâs price movement.A deep focus on BTC minersMiners have adapted to halving events by optimizing operations and seeking more efficient hardware. Even if rewards decrease, advancements in mining technology can mitigate profitability concerns.There may be little concern about Bitcoin as an asset, but there are worries concerning Bitcoin miners. Bitcoin miners require a price hike to stay in business, especially since their profits are likely to be cut in half. This practically means that the cost of mining a single bitcoin doubles.The argument being made is simple. If minersâ rewards are cut in half and the price does not compensate for the loss, they will not be profitable enough to keep their ASICs operational because transaction fees cannot yet make up the difference.Given the supply shock, sliding sideways into the halving would be equivalent to the bitcoin price falling to $17,000 today, putting most miners out of business.All of this comes at a time when many miners are already running on razor-thin profit margins despite the fact that many have access to low-cost power. Miners must continue to incur those charges regardless of whether their mining devices are working or not. Maintaining present profitability is important to avoid a shutdown.Disclaimer. The information provided is not trading advice.#TrendingTopic #Write2Eam $PEPE $FLOKI $SHIB
MORGAN STANLEY WANTS TO OFFER SPOT BITCOIN ETFS â SOâŠ
Morgan Stanley, a titan on Wall Street, is knee-deep in the grunt work to possibly bring spot Bitcoin ETFs to its trading platform. This news comes from a couple of company insiders clued into the matter. They spilled the beans that Morgan Stanley, a heavyweight in the U.S. broker-dealer league, has been mulling over this idea ever since the Securities and Exchange Commission gave the green light for spot Bitcoin ETFs in the States back in January.The big money has already started to flow into these Bitcoin ETFs, and Iâm talking tens of billions of dollars. But the real flood of investments is expected to kick off when these ETFs become available through the major leagues of registered investment advisors (RIAs) and broker-dealer platforms, including the likes of Merrill Lynch, Morgan Stanley, Wells Fargo, and the rest of their buddies.Right now, the U.S. market is seeing action from 10 spot Bitcoin ETFs. Leading the pack in assets are Grayscaleâs GBTC, BlackRockâs IBIT, and Fidelityâs FBTC. Which ones Morgan Stanley will offer up to its clients is still up in the air.Back in 2021, Morgan Stanley became the first major U.S. bank to open the doors for its rich clients to dive into Bitcoin funds. This was officially announced during their first-quarter earnings call in April 2021, signaling a big shift towards giving their wealth management clients a taste of Bitcoin through a couple of external crypto funds.Jonathan Pruzan, the firmâs former CFO at the time, shared that they were letting qualified investors get their hands on two passive funds, courtesy of Galaxy Digital and NYDIG. Pruzanâs words, âAs we see more interest, weâll work with regulators to provide services we think are appropriate,â echoed the bankâs proactive stance from three years ago.On the economic front, the U.S. is slowly getting back on its feet after the pandemicâs blow. Just this month, the Federal Reserve noted a dip in inflation to 3.1% for January, which was more than what was anticipated. Despite the slow recovery, the dark cloud of a potential recession hasnât quite cleared.Ellen Zentner, Morgan Stanleyâs chief U.S. economist, doesnât shy away from stating the inevitable â a recession is on the horizon for the U.S. economy, though it might not hit this year. Zentnerâs guarantee of a âhard landingâ points to the delayed effects of tight monetary policies not yet fully realized. She warns that the financial policy moves made will start to bite over the next year and a half, citing a spike in corporate defaults and a drop in bank lending as indicators of the tightening grip.Despite this, the Consumer Price Index (CPI) stubbornly remains above the Federal Reserveâs 2% sweet spot, even as inflation rates begin to cool down.Meanwhile, Bitcoin (BTC) has been on a rollercoaster, recently shooting up past the $64k mark for the first time in over two years, putting a smile on nearly every BTC holderâs face. This upsurge is likely fueled by the aforementioned wave of institutional cash pouring into Bitcoin.In spite of this, the larger economic situation in the United States may potentially throw a wrench into the upward trajectory of Bitcoin in the weeks ahead. There is a possibility that the Federal Reserveâs reluctance to cut interest rates in March will put a damper on the price increase regarding Bitcoin. At press time, Bitcoin was worth $62,007.Disclaimer:Â The information provided is not trading advice.#Write2Eam #TrendingTopic $PEPE $FLOKI $LUNC
THIS NEW CRYPTOCURRENCY, CURRENTLY AT $0.01 WITH 10,000 HOLDERS, IS ABOUT TO BE LISTED ON EXCHANGES
A brand new cryptocurrency called Pandoshi (PAMBO) has captured the attention of crypto enthusiasts as its presale enters the final stretch. Launched just months ago, Pandoshiâs presale has already raised over $5 million and is now in its last phase.
Once this phase sells out, major exchanges like Binance and Coinbase and top decentralized exchange, Uniswap, will list PAMBO. Analysts predict this will trigger an explosive 20x price surge even on the first trading day.
Pandoshi Presale Approaching Final Cap
The presale supply is capped at 1 billion PAMBO tokens priced at a discounted $0.01 per token in stage 5. Early investors have already purchased over 75% of the allotted supply for the current phase.
Hype builds around this promising cryptocurrency as the presale enters its last leg. Once the phase cap is reached, the presale will conclude. Given the recent sales rate, experts predict the current phase could sell out within days, making this a time-sensitive opportunity.
Analysts anticipate a significant increase in PAMBOâs price following the official listing. Getting listed on major centralized exchanges Binance and Coinbase and the top decentralized exchange, Uniswap, will be monumental for Pandoshi.
These listings will grant PAMBO access to millions of existing crypto users on those trading platforms. The subsequent liquidity influx and investor exposure is what analysts predict will rapidly catapult PAMBOâs valuation by 20x or more. Pandoshi can ignite boundless mainstream adoption following the listings by tapping into these exchangesâ massive user bases.
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