The FDIC, or Federal Deposit Insurance Corporation, has just announced that the US is prepared for the potential failure of a major Wall Street bank.
Now, before you panic and start withdrawing all your money, let's break down what this means. The FDIC is basically a government agency that insures your deposits in case your bank fails. So if a major bank were to fail, the FDIC would step in to make sure your money is safe and protected.
But why would a major bank even fail in the first place? Well, there are a lot of factors at play here. It could be due to risky investments, poor management, or even a global economic downturn. Whatever the reason may be, it's important to know that the US is prepared for this possibility.
Now, I'm not saying you shouldn't be concerned about the health of your bank. It's always a good idea to keep an eye on your finances and make sure you're not taking on too much risk. But at least you can rest a little easier knowing that the FDIC has your back in case the worst happens.
So what should you do now? First off, don't panic. Second, make sure you're keeping track of your finances and avoiding any unnecessary risks. And finally, stay informed about any developments in the banking industry so you can make smart decisions for yourself and your money.
That's all for now guys. Stay financially savvy and I'll catch you in the next one!
US Deputy Treasury Secretary Urges Congress to Act Against Illicit Financing Linked to Cryptocurrencies
According to Foresight News, Adewale O. Adeyemo, the Deputy Secretary of the US Treasury, has called on Congress to take action. He urged them to provide the government with the 'necessary tools' to combat illicit financing associated with cryptocurrencies. Adeyemo also noted that terrorist organizations have been attempting to exploit cryptocurrencies over the past few years.
The Deputy Secretary's call to action highlights the growing concern within the US government about the potential misuse of digital currencies for illegal activities. Adeyemo's comments underscore the need for regulatory measures to ensure the security and integrity of the cryptocurrency market.
While cryptocurrencies offer numerous benefits, including increased financial inclusion and faster, cheaper transactions, they also pose significant risks. These risks include potential use in money laundering, terrorist financing, and other illegal activities. Adeyemo's call for action is a clear indication of the government's intent to address these risks and ensure the safe and legal use of cryptocurrencies.
💥💥💥EXTRAORDINARY TRANSFER IS HAPPENING. WHAT'S GOING ON? THERE ARE INCREDIBLE TRANSFERS, GUYS💥💥💥
In the last hours, after two transactions of $1 billion each, a total of nearly $4 billion worth of Bitcoin was transferred. Friends, if these bitcoins are not sold, a new record may occur. I will notify you immediately if there is a dangerous situation. Follow me to get notifications.
In this way, my brothers and sisters who follow me learn important information immediately before anyone else. Today was a critical day, the weekly closing was above 68,300. If it continues like this, the record is close. Bitcoin needs to calm down for the altcoin rally, my friends.
#BitcoinDunyamiz
Friends, I share this and many other important information with you instantly. I have no benefit from you. Please do not withhold your free support from me. If anyone doesn't follow me yet, I would be grateful. Don't forget your likes. Kind regards.
Binance, the world's largest cryptocurrency exchange, has raised a red flag on five altcoins. 📉 According to Binance, Ellipsis (EPX), ForTube (FOR), Unfi Protocol DAO (UNFI), Waves (WAVES), and Wrapped NXM (WNXM) are now on watchlists. 📋 This means they no longer meet registration standards and may be delisted soon. ‼️🆘🚫 $PEPE $SHIB $FLOKI#Binance#Bitcoin#Polygon#ETH #SEC
BINANCE CEO CHANGPENG ZHAO FOUND GUILTY ON MONEY LAUNDRY CHARGES: THIS COULD BRING THE MARKET CRASHING DOWN IN THE COMING DAYS.
Changpeng zhao has an estimated Net worth of $33 billion.
Zhao, who goes by CZ, agreed to personally pay $200 million in fines last year to settle federal money laundering charges brought by the Department of Justice and the Commodity Futures Trading Commission.
Binance agreed to pay an additional $4.5 billion. He also agreed to step down as CEO of crypto exchange Binance and is barred from involvement with Binance for three years as part of his guilty plea.
With this rulling If CZ decides to pull out his stake in the crypto space, we would see the entire market crashing down to zero in the coming days.
It is expected that the new Binance CEO would make significant changes to the Binance exchange. If these changes are implemented it would affect the market as well either positively or negatively depending on how their new policies plays out in the market.
With our fingers crossed we hope that they don't mess things up
Zhao’s sentencing hearing is scheduled for April 30. Yet it hardly left a dent in his fortune. His stake in Binance—estimated to be 90%, based on corporate documents and conversations with former employees—is worth some $32.5 billion.
Binance remains the largest crypto exchange in the world by trading volume, generating an estimated $16 billion of revenue last year, according to Forbes’ analysis.
For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto’s wealthiest person. Despite pleading guilty to U.S. money laundering charges in November, CZ, as he’s known, is now worth an estimated $65 Billion, up from $10.5 billion last year. That makes him the biggest crypto gainer in dollar terms since last year and the 19th-wealthiest person in the world.
The bulk of his fortune comes from his majority stake in Binance, which remains the industry’s largest global trading venue by volume.
In the past hour, a whale withdrew 10,643 ETH ($37.1M) from Binance at a price of $3,460. The price of ETH has also risen from $3,422 to $3,490 in the past 3 hours.
In addition, the whale also holds a large amount of stablecoins: he withdrew 105.93 million stablecoins (72.92 million USDC + 33.01 million USDT) from Binance to the address in the past 7 days
Today, early morning, one of my friends contacted me and asked what should I do as he sent 10 usdt tip to the unknown #binance user.
The verified user had 1.8k followers and shared this screenshot and wants to donate 1% of the total amount. The user also demanded that if someone send him tip and mentions their ID, then he will send a huge amount of usdt in to their account.
Dear followers, be careful and don't be greedy as they are just getting tips and go away with a change of their name and user ID or even close their account temporarily.
The real users don't post things like this or never ask for tips in return for sending money.
According to BlockBeats, a Bitcoin whale address that has been dormant for over a decade has just been reactivated. The address, which begins with 1CLxm, has transferred out 246 Bitcoins. This address accumulated 1701 Bitcoins during the period of 2013-2014. At that time, the value was approximately 1.06 million USD. The current value of these Bitcoins has now exceeded 115 million USD.
The reactivation of this long-dormant Bitcoin address and the subsequent transfer of a significant amount of Bitcoin has drawn attention in the cryptocurrency community. The original accumulation of these Bitcoins took place during a period of significant growth and development in the cryptocurrency market. The current value of these Bitcoins, now exceeding 115 million USD, reflects the substantial increase in the value of Bitcoin over the past decade.
The reactivation of this Bitcoin whale address and the transfer of such a large amount of Bitcoin could potentially have implications for the Bitcoin market. However, the specific impact of this event is yet to be determined. It is also unclear why this Bitcoin whale address has been reactivated after remaining dormant for over a decade.
The tales of the guy who bought 2 pizzas for 10,000 bitcoins. Does he hold any BTC left?
Ten years ago, a developer named Laszlo Hanyecz made history by becoming the first person to use Bitcoin in a commercial transaction.
On May 22, 2010, when Bitcoin was just over a year old, he did something that would forever be remembered in cryptocurrency space: he bought two pizzas for a whopping 10,000 BTC. ~Back then, those 10,000 BTC were worth about $41.
Now BTC is sitting at 70k each, so if you want to calculate those with current price, those two pizzas are the most expensive pizzas in the world, costing 700M USD! Those pizza must be yummy as $. Now May 22 is celebrated as “Bitcoin Pizza Day” in crypto space.
Now the question is? Does he hold any BTC left?
As of now, Laszlo Hanyecz has not publicly disclosed whether he still holds any Bitcoin (BTC) from the original 10,000 BTC he used to buy those two pizzas. Given the significant appreciation in Bitcoin’s value over the years, it’s possible that he might have many BTCs left in his bag. He should become silent millionaire right now, that if he lost his key to his wallet... But I sure hope he do!!!
>I strongly believe that he still holds some BTC, the more important thing is most people already sold them at $1000, even at $100! thinking that it was the peak back then.
>The ones that make it are either lost their key, or simply (this rather dark) already passed away, leaving their BTC permanently unusable till the end of time...
Pic below "What you get for 10,000 BTC in 2010 vs 0.0015 BTC in 2024" #BitcoinHalvingDrama
Users will be able to share their BNB and fdusd in separate pools to receive SAGA tokens for four days starting from 00:00 UTC time on April 05, 2024. Launchpool Token Rewards: 45,000,000 SAGA (4.5% of the maximum token supply). Initial Circulating Supply: 90,000,000 SAGA (9% of the maximum coin supply).
Binance has announced that Saga trading will start at 14:00 UTC time on April 09, 2024. Within this framework, it will be the first stock exchange to list Saga. Binance will open transactions with SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD and SAGA/TRY trading pairs. #BinanceLaunchpool #Memecoins #fahadcreator
Market manipulation is a constant in every market; it's unavoidable. This weekend, we observed that both long and short positions have reached a 1:1 ratio of liquidation, at 1.41B and 1.48B respectively, a scenario we haven't seen in quite some time.
This indicates that traders and investors were uncertain about Bitcoin's direction. Although it's the weekend, it doesn't say that market makers are also resting, as the crypto space is never sleeps.
What does this mean to us?
So, there's a higher chance to price entering those zones. Here's one of the possible scenarios: Market makers will initially target either side of the liquidity, creating a wick just above the short liquidity zone and possibly a wick below the long liquidity zone.
Will the price break through? It's unlikely. Why? Because to do so would require a whale, who is currently sleeping and sipping wine in their penthouse...
What about me personally? Since I don't like surprises, I would stay away from current market. At least wait till Monday.
But if you willing to take the risk, you might place your order above short liquidation zone and/or below long liquidation zone. Please note that price will likely reject those in those zones so your order might not be filled. If you want a higher chance for your order to be triggered (and riskier aswell), you might want to enter above or below the green outlined zone instead.
As always, please trade responsibly. Be safe, Godspeed. #MiaCanalyst #MOUZEAnalyst $BTC
Most of the Transactions Started to Fail on the Solana (SOL) Network: What is the Reason?
The Solana (SOL) network is currently experiencing congestion, causing possible malfunctions or delays in users' transactions. The root of the issue lies in the behavior of the QUIC application and the Agave validator client when processing many requests in Solana. The Anza team stated that they are working on a patch to resolve the current network congestion. Recently, there has been an increase in “failed” transactions on blockchain networks. However, the term "failure" seems to cause some confusion. On a network like Solana, a failed transaction doesn't always mean a negative event. In fact, it indicates that the network is working as expected. A failed operation is presented not as an error but as a feature designed for user protection.
According to on-chain data, a large Bitcoin whale woke up from its 10-year sleep and transferred assets.
Bitcoin (BTC), the leader of cryptocurrencies, has experienced a sharp decline to $ 64,500 recently. BTC's loss of more than 10 percent last week also affected altcoins.
The cryptocurrency market experienced a correction.
BTC, which is experiencing a bull run with the Spot Bitcoin ETF story, is preparing for the halving, which is expected to take place on April 20. Crypto investors think that BTC will start the second bull run after the halving.
While the activity in the cryptocurrency market continued, a whale transaction was reflected in the on-chain data.
Balina made a transaction for the first time in 10 years and made a remarkable BTC transfer. On-chain data researcher Lookonchain announced that a Bitcoin (BTC) whale woke up from its slumber after 10 years.
According to the data provided by Lookonchain, the whale transferred 246 BTC ($16.73 million) he held to another address. What made the whale so famous was its first BTC purchase. According to the data, the whale, which had 1,701 BTC ($115.42 million), made a transaction for the first time in 10 years.
Whale made a BTC transfer of $16.73 million hours ago. While it is unknown to whom or where the transfer took place, 1,455 BTC remained in the whale's wallet. Whale bought BTCs in 2013. In this purchase, he paid $125,541 for 4,272 BTC. Whale paid an average of $29.39 per BTC.
The fact that there are 15 days left until the halving has brought the whale process to the fore. According to comments, whales are preparing for the halving period. $SOL $BTC $$DYDX #Binance #BTC #HalvingHype #halvingbitcoin
📢📢📢📣📣📣 SECURE YOUR ASSETS IMMEDIATELY BECAUSE COINBASE ALREADY REMOVED IT‼️
Binance, the world's largest cryptocurrency exchange, has raised red flags about five altcoins. 📉 According to Binance, Ellipsis (EPX), ForTube (FOR), Unfi Protocol DAO (UNFI), Waves (WAVES), and Wrapped NXM (WNXM) are now on their watchlist. 📋 This means they no longer meet recording standards and may soon be delisted. 😱 #Binance
Binance may decide to remove this altcoin from their platform in the coming days. 📅 "Tokens with tracking tags exhibit significantly higher volatility and risk than other tokens listed," the statement warned. 📉 So, these tokens are under strict supervision, and Binance reviews them regularly.
The market has responded, with EPX down by 13%, FOR by 17%, and WAVES by 15%. UNFI and WNXM, however, are relatively stable. 📊 Keep an eye on this development as Binance continues to monitor this cryptocurrency closely. 🕵️♂️ Remember to like, follow and
reshare to stay up to date on the latest crypto news! ❤️🫂🗳 And don't forget to leave a comment below with your opinion. 💬 🫂 Your support means everything to us! 💪 Help us continue to provide the best investment articles by providing a tip. 🙏 Let's work together to give you the best investment advice! 💼💰 #Binance #Altcoins#CryptoNews#BinanceLaunchpool#Nonfarm Disclaimer: Includes third party opinions. No
Terraform Labs and DoKwon Found Guilty of Cryptocurrency Securities Fraud
According to PANews, Terraform Labs and DoKwon have been found guilty of cryptocurrency securities fraud by a jury in the Southern District Court of New York, following a nine-day trial. The court's decision comes after previous rulings that Terraform Labs and Kwon had issued and sold cryptocurrency securities illegally, violating the registration provisions of the Securities Act of 1933.
The jury agreed with the US Securities and Exchange Commission (SEC) perspective that Kwon and Terraform Labs had deceived ordinary investors about the nature of the so-called algorithm that pegged UST to the dollar. This case marks a significant development in the ongoing scrutiny of cryptocurrency practices and regulations