Bankers vs. Crypto: How to Get Around SEPA Transfer Blocks on Binance
#MarketDownturn #Binance #BankingAsAService Cryptocurrencies have become an essential part of many investors’ portfolios, but transactions involving these digital assets can sometimes be blocked by traditional banks. If you’ve ever tried to transfer funds to Binance or withdraw your crypto earnings, you know how frustrating it can be. Here are some solutions to prevent your banker from getting in your way. The Limits of Traditional Banks
The Impact of Machine Learning on Financial Markets
In their article “Financial Machine Learning,” Bryan T. Kelly and Dacheng Xiu explore the application of machine learning techniques in the study of financial markets. Published in July 2023, this article provides an overview of the emerging literature on the subject, highlighting the most promising examples and proposing future research directions. Intended for both financial economists wishing to understand machine learning tools and statisticians and machine learning specialists seeking interesting financial contexts to deploy advanced methods, this article is positioned as an essential reference in the field. The authors cite numerous previous works to support their analyses and recommendations, thus contributing to enriching the academic and practical debate on the integration of artificial intelligence in finance.
Why do we say that technical analysis is just astrology for mathematicians? Because in both cases, we look at stars and graphs hoping to predict the future!
In Search of Satoshi Nakamoto: The Shadow Behind Bitcoin Chapter 10
I took a sip of brandy, the brandy sliding down my throat like liquid velvet. Its taste, rich and complex, exploded in my mouth, enveloping every fiber of my body in a soft, comforting warmth. The aromas, a blend of spice and oak, seemed to transcend mere matter. The liquid, of a rare quality, made my senses vibrate. Each note of aged oak and vanilla intertwined with exquisite, almost alchemical precision. It was more than just alcohol, it was a revelation, a portal opening the soul to deeper perceptions. The smell of burnt wood and wet earth, which permeated the glass, briefly replaced the musty and stale tobacco that lingered in the air of the bar.
In Search of Satoshi Nakamoto: The Shadow Behind Bitcoin (Chapter 9)
The wood creaked under each of my steps, a hollow and almost funereal sound, resonating in the thick air of the bar. Each step forward seemed more difficult, as if the atmosphere itself was growing heavier around me, oppressive, slowly compressing me. I sank into this dull darkness, where shadow and light seemed to fight to dominate the space, without either really prevailing. The air had a strange consistency, almost palpable, a sort of invisible veil that weighed on my skin, a bit like a dream from which one cannot escape.
In Search of Satoshi Nakamoto: The Shadow Behind Bitcoin (Chapter 8 - Review)
There are times when the silence, usually an accomplice to my thoughts, turns into a crushing blanket, an oppressive presence that seems to consume me from the inside. That evening, the silence was of that nature, heavy, dense, as if the air itself weighed on my shoulders. The yellowish light of my desk lamp cast flickering shadows on the walls, and each tick of the clock seemed to mark the failure of a new lead. The investigation was stalling. For days, weeks, I had been searching for answers in this maze of uncertainties, chasing ghosts in the darkness.
Polygon 2.0: From MATIC to POL, Revolution or Mirage?
The migration from MATIC to POL is a bold step in Polygon’s development. But what does this mean for the future of blockchain? In this article, we’ll look at the implications of this migration and how it could change the game for investors and users alike. Polygon's Strategic Acquisitions Polygon has acquired several external projects to strengthen its technology offering. But what does this mean for the blockchain ecosystem? We’ll take a look at the projects Polygon has acquired and how they contribute to its ecosystem.
Bank Account Closures: A Reality for Cryptocurrency Investors
The cryptocurrency market has experienced an unprecedented explosion over the past decade, transforming traditional finance and opening up new investment opportunities. However, this revolution has not been without its challenges. Many cryptocurrency investors find themselves faced with an unexpected problem: the closure of their bank account. To better understand this phenomenon and its implications, I invite you to read my previous articles on the subject ici and ici.
USA Implications of the Federal Reserve’s Interest Rate Cut The Federal Reserve’s decision to cut interest rates can have several significant implications for the economy:
-Cost of Credit: Lower interest rates make borrowing cheaper for consumers and businesses. This can encourage spending and investment, thereby stimulating economic growth.
-Housing Market: While mortgage rates do not always decrease directly with a Fed rate cut, there is potential for lower mortgage rates, making home purchases more affordable.
-Financial Markets: Interest rate cuts can influence stock markets. A 25 basis point cut might be seen positively, but a larger 50 basis point cut could signal economic stress, leading to varied market reactions.
-Inflation and Employment: By making credit more accessible, the Fed aims to boost consumption and investment, which can help increase employment and achieve inflation targets.
-Existing Debt: Holders of existing fixed-rate debt might see the value of their bonds increase, as new debt issues will offer lower interest rates.
In summary, the Federal Reserve’s interest rate cut aims to stimulate the economy by making credit more accessible, but it can also indicate broader economic concerns.
Avalanche 9000: A Major Leap for the Avalanche Ecosystem
I previously wrote an article on this topic, which you can read here: Lien vers l’article. Today, I’m going to dive deeper into the topic by explaining the Avalanche 9000 update in detail. This update marks a crucial turning point for the Avalanche blockchain, transforming it into a true ecosystem of sovereign layer-1 (L1) chains. Here’s what this means in concrete terms. What is an L1 Validator? An L1 validator is a key player in a blockchain that helps secure and validate transactions. In a decentralized ecosystem, these validators play a similar role to miners in a Proof-of-Work (PoW) blockchain, but here they use a Proof-of-Stake (PoS) consensus mechanism. They are responsible for:
[part 2] Polygon Migration Summary: From MATIC to POL
In my previous articles, I have explored in depth the different facets of MATIC migration. You can check them out here:
Summary of migration from MATIC to POL And FAQ . Today, I present to you the second part of our FAQ dedicated to this crucial topic. This section will answer the most frequently asked questions by our community, in order to clarify the technical and practical aspects of this migration. 1. When will the MATIC to POL migration be completed on Binance?
GDP: +3.0% in Q2 2024 📈 Personal income: +0.3% in July 2024 💵 Current account deficit: $237.6 billion in Q1 2024 📉
European Union 🇪🇺
GDP: +0.3% in Q1 2024 📊 Retail trade: +0.1% in June 2024 🛒 Industrial producer prices: +0.8% in June 2024 🏭
Japan 🇯🇵
Economic growth: +2.9% in Q2 2024 📈 Private consumption: -0.3 % in Q2 2024 🛍️
United Arab Emirates 🇦🇪
Economic growth: +4.2% in 2024 📈 PMI: 53.7 in August 2024 📊
China 🇨🇳
Inflation: +0.5% in August 2024 📉 Trade balance: $84.65 billion in August 2024 💹
Southeast Asia 🌏
Laos: Inflation of 31.2% 📈 Philippines: Inflation of 6% 📉 India: Inflation of 5.6% 📉 Singapore: Inflation of 4.8% 📉 Indonesia: Inflation of 3.7% 📉 Vietnam: Inflation of 3.3% 📉 Malaysia: Inflation of 2.5% 📉 Cambodia: Inflation of 2.1% 📉 Thailand: Inflation of 1.2% 📉 Brunei: Inflation of 0.4% 📉 #usa #China #Japan #BinanceBlockchainWeek #Europe
Brief Analysis 📊 The real estate market in the United States shows a mixed picture. While existing home sales and the MBA mortgage market index have seen increases, building permits and the price-to-rent ratio have decreased. The mortgage rate remains relatively high, which could impact affordability for potential buyers. The house price index continues to rise, indicating that home prices are still on an upward trend. Overall, the market is experiencing both growth and challenges, reflecting broader economic conditions.
-Existing Home Sales: In July 2024, existing home sales increased by 1.3% to an annual rate of 3.95 million 🏠.
-Building Permits: In July 2024, 1.406 million building permits were issued, a decrease of 3.3% from the previous month 🏗️.
-Mortgage Rate: The 30-year mortgage rate was 6.35% in August 2024 📉.
-House Price Index: The house price index for the second quarter of 2024 was 682.18.
-MBA Mortgage Market Index: The MBA mortgage market index increased to 230.50 points at the end of August 2024.
-New Residential Sales: In July 2024, new residential sales reached an annual rate of 739,000 units.
-Price-to-Rent Ratio: The price-to-rent ratio in the United States decreased to 134.66 in the first quarter of 2024 🏡/💵. $USDC
In Search of Satoshi Nakamoto: The Shadow Behind Bitcoin (Chapter 7)
I light my cigar in the dull light of my lamp, the smoke dancing lazily in the air. My gaze, almost frantic, catches on a name on the screen: Wei Dai.
It was there, right there, that everything started to accelerate. A name that crackled in my mind like a spark, a glimmer in the dense darkness of this investigation. Wei Dai, the man behind b-money, the one whose work could have been the key to everything. Just saying it sent a wave of icy excitement through me. It was like a jolt, a nervous shiver that ran through every nerve, every fiber of my body. Wei Dai… This enigmatic cryptographer. This name kept me awake, haunted me like a pernicious obsession. Why hadn’t I explored this lead sooner? Everything in his work, in his mathematical mind, seemed to whisper the very essence of Bitcoin. b-money… these two syllables struck my thoughts, bouncing like hammer blows on the anvil of my investigation. This “B”, this simple “B”, like that of Bitcoin. A coincidence? A key? I felt it, there, just below the surface.
In August 2024, the US added 99k jobs, a slowdown from previous years. Wage growth at 4.72% hasn’t kept pace with inflation, leading to only 1.5% real wage growth since 2020. Is the job market cooling off? 🌡️📉
2023: 111,000 jobs 2022: 315,000 jobs 2021: 235,000 jobs 2020: 1,371,000 jobs (due to recovery from pandemic-related losses) 2019: 130,000 jobs
The slower job growth in 2024 may be partially explained by the modest wage increases. In June 2024, wages grew by 4.72% compared to the previous year. Although wages have seen significant increases in the past, such as a peak of 15.28% in April 2021, they have also experienced declines, like the -5.89% in April 2020. Since the beginning of 2020, nominal wages have increased by 22.7%, but consumer prices have also risen by 21.0%, resulting in a real wage growth of only 1.5% over this period. These figures suggest that while wages have increased, they have not always kept pace with inflation, which could be a factor in the slower job growth observed in 2024.
Polygon Migration Questions and Answers: From MATIC to POL
As promised, I'll be answering questions users have about the migration from $MATIC to POL and what it means for the Polygon ecosystem.
Why is Polygon replacing MATIC with POL? Polygon is looking to improve the functionality and flexibility of its network with the launch of the POL token. The latter is designed to better integrate with Polygon 2.0 and its AggLayer, an infrastructure that will allow multiple blockchains to coexist and communicate efficiently. POL therefore offers more opportunities for development and governance within the Polygon ecosystem.
Recently, Polygone announced a major update with the migration of its native token MATIC to a new token POL. This transition, which began on September 4, 2024, is a key milestone in the Polygon 2.0 project. The goal is to evolve the Polygon ecosystem by improving the flexibility and utility of the network, while introducing new features for its native token.
Why Migrate to POL? The launch of the POL token marks a turning point in Polygon’s vision. Designed to offer more features than MATIC, POL will play a central role in the new Polygon 2.0 environment. One of the key features of this evolution is the integration of the AggLayer system, an aggregation mechanism for affiliated blockchains. This system will allow Polygon to manage multiple interconnected blockchains while strengthening its ability to support massive transactions.
USA 📊 The unemployment rate is 4.3% as of July 2024. Interest rates are at 5.5%. A nnual inflation is 2.9%. Public debt stands at 122.3% of GDP. Job openings fell to 7.673 million in July, indicating a weakening labor market. The Fed may adjust rates based on upcoming data.
Penpie, a DeFi protocol on Pendle, was exploited for $27M in crypto assets. The attacker drained staked $ETH ETH, sUSDE, and wrapped USDC, causing PNP token to drop 40%. Penpie has halted operations and offered a bounty for the safe return of funds. #ETH🔥🔥🔥🔥 #SecureYourProfits #etherreum #PENDLE🔥🔥