Binance Resumes Mastercard Payments for Crypto

Binance can once again allow Mastercard users to purchase cryptocurrencies on the world’s largest exchange, after the card giant switched off that capability in August of 2023.

Last year’s decision by the card networks to part ways with Binance happened around the time the exchange was grappling with legal challenges in the U.S., including multiple charges by the U.S. Securities and Exchange Commission (SEC) and U.S. Commodity Futures Trading Commission (CFTC).

“Following an extensive review of the rigorous controls and processes that Binance put into place, Mastercard made the decision to allow Binance-related purchases on its network,” a Binance spokesperson said via email. “We look forward to adding support for further products, such as withdrawals, at a later date.”

Mastercard confirmed the restoration of service, but added a caveat.

"Over the past several months, we have reviewed the enhanced controls and processes that Binance has put into place. It is based on those efforts that we have decided to allow Binance-related purchases on our network," a Mastercard spokesperson told CoinDesk. "This status is contingent on ongoing reviews."

Both Visa and Mastercard are enthusiastic about crypto these days, delivering into the Web3 and self-custody wallet space.

source:CoinDesk

US SEC approves exchange applications to list spot ether ETFs

The U.S. SEC approved applications from Nasdaq, CBOE, and NYSE to list ETFs tied to ether, potentially allowing them to trade later this year. This unexpected approval is significant for the cryptocurrency industry, which anticipated rejection. Nine issuers, including VanEck and BlackRock, aim to launch these ETFs. SEC officials recently asked exchanges to quickly adjust their filings, leading to a scramble. Approval is needed for ETF registration statements before trading can start, with no set timeline. The SEC's approval of bitcoin ETFs after a court challenge last year set a precedent. This decision supports the industry's move into mainstream finance, alongside recent UK regulatory approval and U.S. House passage of a pro-crypto bill.

#ETHETFS
#altcoins

#altcoins
The future of Etherieum.

Today the decision of U.S. securities (SEC) of listing Etherieum or not on Exchange-Traded Fund (ETF). 
It's still a 50-50 chance but it important to know that there are concerns, positive indicators and warnings.

On-chain analytics firm CryptoQuant warned that Ethereum prices could fluctuate if pending spot Ethereum (ETF) encounter uncertainties.
It warned that ETH could undergo a “significant price correction” if the U.S. securities (SEC) denies ETH ETF applications or delays the approval process.

Don't forget that Bitcoin dropped 17% after ETF approval due to the hype and leveraged bets. In contrast, the potential approval of an ETH ETF has been less expected, leading to less extreme pre-positioning, the reports says.

Positive signs:
1- Reuters reported that The U.S. securities regulator on Monday asked Nasdaq, CBOE and NYSE to fine-tune their applications to list spot ether exchange-traded-funds (ETFs), signaling the agency may be poised to approve the filings, multiple people familiar with the process told Reuters.
Securities and Exchange Commission officials asked the exchanges to submit their revisions by the end of Tuesday, two of those sources said.
2- Many of us in the industry expected a delay in regulatory approval of ether ETFs,” said Todd Rosenbluth, head of research at VettaFi. “However, the SEC has been engaging with issuers this week, and documents have been refiled, making it seem likely that we will have new spot crypto ETFs.

Note:
FOX Business reporter Eleanor Terrett stated that the SEC and issuers are now entering conversations around S-1 registration statements. Bloomberg ETF analyst James Seyffart believes that funds may not launch for weeks or months after initial approvals.
This means that it may take time for a significant impact if Ethereum is listed on the ETF.

#ETHETFS
#altcoins

Pick Your Side now.

**What is currently unfolding in the market is perceived by some as a collapse, while others view it as an apocalyptic event. There are those who denounce cryptocurrencies and threaten to pull out their investments.**

**However, many overlook the fact that life is full of ups and downs; not every day can be a celebration.**

**This isn't merely philosophical musing. Rather, it suggests that this phase presents an opportunity for those who have faith in cryptocurrencies and possess the financial means to wait for an even greater market dip before purchasing.**

**Those who are fearful opt to sell and exit the market.**

**The opportunists, who previously cursed the market, will likely return when it rebounds, only to buy at elevated prices and subsequently lament their misfortune.**

**Adventurers, on the other hand, are on the lookout for a new venture involving risk.**

**Meanwhile, pragmatic individuals see this as a chance to test their endurance and acumen, seeking out potential opportunities amidst the turmoil.**

1. **Buying the Dip**: Traders use this strategy to enter the market or increase their positions when prices drop. It allows them to take advantage of short-term fluctuations by buying at lows and selling at highs.

2. **Short Selling**: Traders profit by betting on an asset's value decline during market dips.

3. **Staking and DeFi Yield Farming**: These activities can help stabilize returns and ensure growth in crypto holdings, even during bear markets.

4. **Dollar-Cost Averaging**: An effective investment approach regardless of market direction, allowing investors to accumulate more assets during downturns.

But most importantly, do not spread rumors or panic, and train yourself to be patient or search for a new activity that suits you.

#BullorBear
#bitcoinhalving
#btc

Has Bitcoin entered the danger zone?

Popular trader and analyst Rekt Capital gave a two-week deadline for any more significant dips to occur. He explained that Bitcoin has entered the Post-Halving ‘Danger Zone’ and is very near the Range Low. If additional downside volatility below the Range Low is to occur, it would be during the next two weeks.

Andrey Stoychev, the head of prime brokerage at Nexo, expressed that Bitcoin is unlikely to rally higher in the absence of a significant catalyst. After testing $64,000 more than once on the day, Bitcoin does signal the potential for a further climb upward. Despite this, any significant price rises could remain unrealized. Bitcoin may merely reach the upper bands of the established trading range of around $67,000.

While Bitcoin has seemingly formed strong support above the $60,000 mark, the potential dip below this level could still occur before rallying to new highs.  with going into May, Bitcoin could fade to retest the support of the 20-week SMA, which would put Bitcoin at $56,000. Such a move would be healthy before going higher.

But Stoychev, doesn’t expect Bitcoin to fall below $60,000, unless U.S. interest rates remain high for more than expected. He expressed that unless there is a long period of high interest rates affecting sentiment towards digital assets for the remainder of 2024, it’s unlikely that Bitcoin will retrace that far back.

Source: different articles from Crypto.ro

*This is not financial advice*

#BTC
#bitcoinhalving
#BullorBear

Artificial intelligence suggests the ideal wallet to invest in cryptocurrencies in May :

*Although this suggestion shows the importance of these currencies, it is only a suggestion and not advice.*

ChatGPT-4

30% Bitcoin 

25% Ethereum

10% BNB

10% SOL

5% AVAX

5% DOT

5% LINK

5% ADA

5% RWA

Claude 3 Opus :

30% Bitcoin

20% Ethereum

10%LINK

10% UNI

8% DOT

7% AAVE

5% ATOM 

5% SNX

3% GRT

Grok AI’s:

30% Bitcoin 

30% Ethereum 

10% Doge

10% BNB

10% ADA

5% SHIB

5%  SOL

2.5% LINK  

2.5% DOT 

 
Source: Finbold

#BullorBear
#BTC
#Memecoins

The 2024 Bitcoin halving has ended and the new halving has begun.
yet no one is interested in halving other currencies like Bitcoin Gold, halving date 24 April 2024 and Ethereum Classic (ETC) halving date: 31 May 2024.
Yes, Bitcoin halving is the most important and important for the market, but the hype surrounding it is a propaganda type aimed at getting unemployed analysts to work, so that false forecasters make predictions, and so that trading companies promote themselves. As for traders, we need to monitor the colors of the market and seize the opportunity when it comes.
You will ask: When will it come?
The answer is, do not be lazy, create your own opportunity, Do not hurry to buy any currency until you collect complete information about it, and do not sell until the profit margin that you previously specified is achieved.

#bitcoinhalving
#BTC
#BTG
#ETC

The Bitcoin halving comes with heightened expectations from two teams.

First one are those who believe the halving is priced in.

The second are those who point to the historic four-year boom and bust cycle in crypto and supply and demand constraints.

Price predictions from market analysts vary, with some saying bitcoin could fall to as low as $40,000 post halving or rally above $150,000 by the end of the year or next year.

The whole issue is in the knowledge of the unseen and depends on your intuition, so do not listen to anyone, but rather watch and decide for yourself as a trader, regardless of your experience.

Source: different analyses from the internet.

#bitcoinhalving
#BTC

Where are the philosophers, sages, experts, analysts and forecasters to explain for us what is currently happening in the market. What is simply happening confirmed that analysts and forecasters are nothing but a bunch of dreamers.