7 days up on tha trading 100%💛 Bitcoin (BTC) is due to finish 2023 as it started, on-chain analytics firm said, as October gains near 30%. In the latest edition of its weekly newsletter, “The Week On-Chain,” released Oct. 24, researchers argued that the past week “sets the foundation” for a BTC price uptrend. BTC price “convincingly” beats out resistance levels As it hit $35,200 this week, Bitcoin eclipsed various key which had previously acted as support for months. These included various moving averages among them the 200-week simple MA at $28,400 — the classic “bear market” support line. “A cluster of long-term simple moving averages of price are located around $28k, and have provided market resistance through September and October,” noted. “After a month of the market grinding higher, In so doing, the profitability of various investor cohorts improved considerably. The so-called cost basis of speculators and market newcomers also lies near $28,000. “The Short-Term view mirror at $28k, putting the average recent investor into an average profit of +20%,” “The Week On-Chain” continued. “We can see instances in 2022-23 where reached relatively deep corrections of -20% or more,” they explained. “Whilst the August sell-off did reach a low of -10%, it is noteworthy how shallow this decline is by comparison, suggesting the recent correction found noteworthy support, being a precursor to this week’ Bitcoin could still return to that area, is This sets the foundation for a resumption of the 2023 uptrend.aggregate investor psychology is likely to be anchored, making the weeks that follow important to keep an eye on.” BTC/USD monthly returns (screenshot). Source: Per data from on-chain monitoring resource , BTC/USD is currently up 26% this month — by October standards, still relatively modest. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision
Tha trading will be ganing up 100 % #Meme #etf #BTC #ETH #BinanceSquare Bitcoin (BTC) is due to finish 2023 as it started, on-chain analytics firm Glassnode said, as October gains near 30%. In the latest edition of its weekly newsletter, “The Week On-Chain,” released Oct. 24, researchers argued that the past week “sets the foundation” for a BTC price uptrend. BTC price “convincingly” beats out resistance levels As it hit $35,200 this week, Bitcoin eclipsed various key trendlines, which had prev
Most Crypto Projects Rug-Pulled in Q3 2023 Lacked Audit Reports, Says Hacken Research
According to CryptoPotato, research by blockchain security firm Hacken revealed that the majority of crypto projects rug-pulled in the third quarter of 2023 did not have audit reports. The Q3 2023 Security Insights report found that only 12 out of 78 examined rug pulls conducted and reported audits. An independent third-party audit provides a comprehensive review of a token, identifies a project's vulnerabilities, and alerts investors. Although such audits may validate a project's authenticity, they do not guarantee protection from a sudden withdrawal of liquidity.
Hacken noted that rug pulls are one of the simplest scams to prevent, as investors can understand their anatomy by taking note of certain patterns, such as the presence or absence of an audit. Some projects rug-pulled last quarter were audited but received poor scores, and users ignored the audit results, believing that the fact that the projects were audited was sufficient. For example, Magnate Finance, a lending protocol based on crypto exchange Coinbase's Base network, had an audit that warned the project's deployer could manipulate the token, but users did not heed the findings. The deployer eventually removed liquidity from LPs in multiple transactions, resulting in the second-largest rug pull of the quarter, with over $5 million stolen.
Users of decentralized crypto staking platform DeFiLabs had a similar experience. Blockchain security firm CertiK revealed in an audit that the project had a centralization risk within its contracts, but users did not raise concerns. The platform ultimately pulled the rug and disappeared with $1.4 million worth of users' assets. Hacken identified a common pattern among rug pulls, with developers of malicious projects typically following the same five steps: creating the tokens, aggressively marketing them, inflating the tokens' supply when liquidity accumulates, vanishing with drained funds, and leaving investors with worthless assets.
It's always meme season! Welcome to Memecoin (#Meme ), the newest crypto adventure! In partnership with Memeland, the epicenter of memes, Binance proudly presents the 39th project on Binance Launchpool. Get ready to ride the meme wave! 🌊🚀 #Binance is dishing out 1,380,000,000 MEME tokens, which is 2.00% of the total token supply, as Launchpool rewards. What is it?"Memecoin (“$MEME”) is a digital token compatible with the #Ethereum ERC-20 token standard. $MEME has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend." says the whitepaper.
🌐 What is Memeland? Memeland, the Web3 venture studio backed by the renowned 9GAG meme platform, is set to bring the funniest and most creative crypto ecosystem to life. Since memes are its core, you can be sure it will be a blast! 🎉 MEME wants to be very clear about one thing: entertaining is everything! There are no hopes for profit or dividends, nor are there any financial expectations. MEME exists only for entertainment purposes. MEME is just MEME – and it's proud of it! 🌱 Farm MEME Tokens Starting from 2023-10-28 00:00 (UTC), you can stake your BNB, TUSD, and FDUSD to farm MEME tokens. Get your meme-loving hands on this! Binance is dishing out 1,380,000,000 MEME tokens, which is 2.00% of the total token supply, as Launchpool rewards. Get in on the action and grab your share! 🚦 Key Dates - Start farming: 2023-10-28 00:00 (UTC).- End farming: 2023-11-26 (UTC).- MEME listing: 2023-11-03 08:00 (UTC)- Trade MEME with #BTC , USDT, and #BNB pairs. 🤑 MEME Tokenomics - Total Supply: 69,000,000,000 MEME- Initial Circulating Supply: 8,797,500,000 MEME- $MEME is an ERC-20 token, but remember, it's all about the memes! 📈 Daily Rewards The rewards are sweet! Take a look at what you can earn daily: - BNB Pool: 36,800,000 MEME- TUSD Pool: 4,600,000 MEME- FDUSD Pool: 4,600,000 MEME Remember, every like, share, and comment helps us to keep providing quality content like this and always approach MEME with a sense of humor and do your due diligence in the crypto space. It's a wild ride! 🎢🧐💡 $BNB $BTC $FDUSD
Bitcoin Restarting 2023 Uptrend After 26% Uptober BTC Price Gains — Research
Bitcoin (BTC) is due to finish 2023 as it started, on-chain analytics firm Glassnode said, as October gains near 30%.
In the latest edition of its weekly newsletter, “The Week On-Chain,” released Oct. 24, researchers argued that the past week “sets the foundation” for a BTC price uptrend.
BTC price “convincingly” beats out resistance levels
As it hit $35,200 this week, Bitcoin eclipsed various key trendlines, which had previously acted as support for months.
These included various moving averages (MA), among them the 200-week simple MA at $28,400 — the classic “bear market” support line.
“A cluster of long-term simple moving averages of price are located around $28k, and have provided market resistance through September and October,” Glassnode noted.
“After a month of the market grinding higher, the bulls found sufficient strength this week to convincingly break through the 111-day, 200-day, and 200-week averages.”
BTC/USD annotated chart with moving average data (screenshot). Source: Glassnode
In so doing, the profitability of various investor cohorts improved considerably. The so-called cost basis of speculators and market newcomers also lies near $28,000.
“The Short-Term Holder (STH) cost basis is also now in the rear view mirror at $28k, putting the average recent investor into an average profit of +20%,” “The Week On-Chain” continued.
Researchers uploaded a chart of the short-term holder market-value-to-realized-value (STH-MVRV) ratio, which tracks the profitability of STH coins. They noted that even prior to the October upside, no major capitulatory behavior was visible.
“We can see instances in 2021-22 where STH-MVRV reached relatively deep corrections of -20% or more,” they explained.
“Whilst the August sell-off did reach a low of -10%, it is noteworthy how shallow this MVRV decline is by comparison, suggesting the recent correction found noteworthy support, being a precursor to this week’s rally.”
Bitcoin STH-MVRV annotated chart (screenshot). Source: Glassnode Bitcoin “sets the foundation” for green year
As Cointelegraph reported, the presence of STH entities versus their seasoned counterparts, the long-term holders (LTHs), is now historically low.
Despite facing profitability issues of their own, LTHs now own more than three-quarters of the available BTC supply for the first time.
Their cost basis is lower, further toward $20,000 — and while some believe that Bitcoin could still return to that area, Glassnode is optimistic over how the year will end.
“A meaningful proportion of supply and investors now find themselves above the average break-even price, located around $28k,” it concluded.
“This sets the foundation for a resumption of the 2023 uptrend. At the very least, the market has crossed over several key levels where aggregate investor psychology is likely to be anchored, making the weeks that follow important to keep an eye on.”
Per data from on-chain monitoring resource CoinGlass, BTC/USD is currently up 26% this month — by October standards, still relatively modest.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Here are the facts and figures from the latest burn:
Auto-Burn (Total BNB burned): 2,139,182.98 BNB
Approximate value in USD: ~$501,617,017
Transaction ID (TXID) for BNB burn: View transaction
BNB burned from the Pioneer Burn Program: 314.69 BNB
Real Burn (Auto-Burn - Pioneer Burn): 2,138,868.29 BNB
What You Need to Know About the BNB Burn BNB is the cryptocurrency that fuels the BNB Chain ecosystem. It acts as the native coin of the BNB Beacon Chain, the BNB Smart Chain, and the opBNB L2s and BNB Greenfield blockchain. It also serves as a governance token and allows holders to transact with projects built on those chains.
When BNB was launched in 2017, a commitment was made to remove 100 million BNB (half of its total supply) from circulation through a burning process. This ultimately will keep only 100 million BNB in circulation. This commitment is automatically honored each quarter and calculated according to the Auto-Burn formula.
The BNB Auto-Burn provides an independently auditable, objective process. The figures are reported quarterly, and the mechanism is independent of the Binance centralized exchange. On top of that, BNB Chain continues to burn a portion of BNB Chain’s gas fees in real-time using the Real-Time-Burn mechanism.
To learn more about the BNB Burn, refer to this Binance Academy article.
Pioneer Burn Program The Pioneer Burn Program also permanently removes an amount of BNB from circulation equal to provable lost funds by eligible BNB Chain users. This number is then counted towards the total quarterly burn figure. More details can be found here.
When it comes to the Pioneer Burn, BNB Auto-Burn, and Real-Time-Burn (BEP95) mechanisms, everything has stayed the same as in the 24th BNB burn. As always, these are transparent and independently verifiable.
Since the introduction of BEP95, roughly 146,650 BNB has been burnt under this mechanism.
What is a Binance Square Verification Checkmark? Verified badges are used to determine the account belongs to the person or brand they claim to represent. This verification badge helps you make knowledgeable choices about who to follow and the content to interact with. As always though, it's essential to Do Your Own Research and to report any suspicious content, ensuring you follow authentic, intentioned experts. We bestow two sorts of verification badges, placed at the bottom right of the avatar. A black checkmark is for official Binance accounts, while a gold one is granted to influencers, media entities, organizations, and notable individuals.
Requirement to apply for a Golden Verification Checkmark? General criteria for the Golden Verification Checkmark: Credibility: Must adhere to the Binance Square Community Management Guidelines and Binance Square Terms and Conditions.* Binance Square reserves the right to potentially revoke verification status upon review of violation records, if any.Authenticity: Must pass the Binance account verification process.Activity: Must be active with regular engagement and posts on Binance Square. Specific Requirements for Different Account Types: 1. KOLs Own 30,000 followers or more followers on Binance Square. The account must be active, and we need to be able to connect with you for additional verification if necessary;OR receive an invitation from the Binance Square team. 2. Media Operate as a reputable media company that covers news, blogs, reports, or analysis-based content actively.You may be asked to provide additional information for profile verification. You won't be able to set your user name to match your company name until your account has been verified. 3. Business/Organizations Crypto, Web 3, Fintech, or traditional tech companies; agencies, funds, market analysis platforms, and aggregate trading platforms that are interested to share crypto updates on Square.You may be asked to provide additional information for profile verification. You won't be able to set your user name to match your company name until your account has been verified. 4. Projects Only projects that are already listed on Binance will qualify for the badge.You might be asked to provide additional details to verify your profile. You won’t be able to set a user name equal to your project name (or any project name) until your account has been verified.
How to apply? 1. KOLs Eligibility for the badge is evaluated on a monthly basis. Creators who achieve 30,000 followers and meet all other requirements will be granted the badge in the following month. Eligible creators will also be notified via a Square assistant push. Creators must have no violations and are required to create at least one article per week to maintain an active checkmark. The Binance Square team will review all checkmarks based on the necessary factors on a monthly basis. Binance reserves the right to remove the checkmark if a creator fails to meet the requirements. 2. Media, Business/Organizations, Projects Apply by sending an official application email to square@binance.com with the below information. Company nameBinance UIDNature of businessWebsite, social media accountPoint of Contact: Name, Email, Telegram ID, or other contact method What are the benefits of being a Verified Creator? Display your Verified Badge on your Square profileDedicated account support on content and platform growth from our Binance Square Account Managers Receive limited edition swag items on Binance special occasions Enjoy first dibs on product releases for Binance Square Prioritized rankings in Binance Square Unlock advanced features (e.g., Live stream) to enhance your content
Investment and Range Bound products have to offer Binance Earn users.Dual Investment can help users diversify their investment portfolios and benefit from different market conditions. It gives users the opportunity to buy or sell cryptocurrency at a desired price and date in the future while having a chance to earn higher rewards.Range Bound presents the opportunity to potentially earn increased rewards during
#BTC #Binance #bitcoin #crypto2023 #crypto According to CoinDesk, Ledger, a crypto wallet hardware maker, is laying off 12% of its staff, as announced by the company's CEO, Pascal Gauthier. The news was initially reported by Bloomberg. Gauthier stated that macroeconomic headwinds are limiting the company's ability to generate revenue and, in response to the current market conditions and business realities, they must reduce roles across the global business. The Paris- based company has 734 employees, according to LinkedIn, so a 12% cut would mean the elimination of roughly 88 jobs. These cuts come just months after Ledger announced it had raised most of a $109 million funding round at around a $1.4 billion valuation. Job losses have become the norm across the crypto industry during this bear market. Earlier this week, blockchain analytics firm Chainalysis laid off 15% of it staff.
#Binance #bitcoin #bitcoin #BTC #crypto2023 🎉🎉🎉🎉🎉🎉🎉 The latest updates to Binance Feed are available in app version 2.70. Make sure to update your app to the most recent version to access these essential enhancements. Here's a detailed breakdown of the new features and update Creators now have the ability to display their badges on both Discover and Profile pages. Badges can be acquired through participating in content campaigns, attaining specific achievements, or by receiving an invitation. 🎁🎁🎁🎇🎇🎇🎇🎇🎇🎇🎇🎇🎁🎁🎁🎁🎁🎁🎇🎇🎇🎇🎇🎇🎇🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎇🎇🎇🎁🎁🎁