If you are looking for a simple strategy for day trading on Binance, the following strategy can be initially easy and requires some adjustments depending on your specific details and goals:

1. **Simple Moving Average (SMA) Strategy**:
- Use the simple moving average indicator on a short time period such as 15 minutes.
- When the cryptocurrency price crosses above the SMA, this is considered a buy signal.
- When the cryptocurrency price crosses below the SMA, this is considered a sell signal.

2. **Risk Management**:
- Set a small percentage of capital for each trade, such as 1-2% of the total capital.
- Set stop loss and profit target levels based on technical analysis or identifying support and resistance.

3. **Simple Technical Analysis**:
- Use basic technical indicators such as RSI (Relative Strength Index) to confirm signals.
- Avoid trading during periods of high volatility.

This is a simple strategy based on the simple moving average, and allows you to make trading decisions quickly using basic technical indicators. However, you should remember that success in trading requires continuous learning and practice, in addition to effective risk management.
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Cryptocurrency Mining Company Hut 8 Aims to Expand, Increase Hash Rate: Details

Cryptocurrency mining company Hut 8 Corp. has announced the purchase of 31,145 BITMAIN Antminer S21+ devices as part of an upgrade plan that aims to increase hash rate by 66% by 2025.

These devices, which cost $15 per terahash each, are expected to be delivered in the first quarter of 2025 and will increase the company’s mining rate by approximately 3.7 exahashes, bringing it to a total of approximately 9.3 exahashes/s.

Improved Efficiency and Reduced Power Consumption:
These devices will contribute to a 37% reduction in power consumption, from 31.7 to 19.9 joules per terahash, boosting the efficiency of mining operations at Hut 8’s 111 megawatt centers.

CEO Asher Genot explained that the selection of the Antminer S21 from BITMAIN came after an extensive study of its ability to achieve a rapid return compared to other models that require larger investments, which enhances the value of the return on investment.

Hut 8 also seeks to increase its mining capacity to about 24 exahash/s by mid-2025, by strengthening its partnerships with BITMAIN and others to develop its energy infrastructure, which will support its growth in the fields of Bitcoin mining and artificial intelligence computing.
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Donald Trump wins 2024 presidential election, defying all expectations with historic comeback

Donald Trump, 78, is expected to win the 2024 US presidential election, marking a remarkable political comeback as the 47th president.

Early Wednesday, projections showed Trump holding a commanding lead in the Electoral College over Vice President Kamala Harris, flipping key battleground states like Georgia, Pennsylvania and Wisconsin.

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His victory was attributed to strong support from rural and working-class voters, along with notable gains among racial minorities.

The night also saw a big win for Republicans in Congress, with the Senate expected to return to GOP control. However, the fate of the House of Representatives remains too close to call.

Thousands of Harris supporters at Howard University watched the outcome unfold in disappointment, as campaign co-chair Cedric Richmond announced that Harris would not appear, leaving supporters waiting for further updates.
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Institutional Demand for Bitcoin Behind Bitcoin’s Recent Price Rise

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Bitcoin’s price has seen a significant surge in the past few days as the currency has managed to break through resistance and the important psychological level of $70,000.

At the time of publishing this article, Bitcoin’s price has fallen below the $70,000 level.

According to many analysts and crypto market observers, the rise in Bitcoin prices is a direct result of the increased demand from institutions for Bitcoin ETFs.

In the past few days, according to Bloomberg data, about $872 million was pumped into the “iShares Bitcoin Trust” exchange-traded fund on Wednesday, a daily record.

The subscriptions and financial flows into these digital products, which are only nine months old, are among the highest flows into ETFs globally.

All eyes are currently on the US elections and their results, and who will be the next president, which will inevitably have an impact on the crypto market and cryptocurrency prices.

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A prominent economist describes Bitcoin as just another bubble: Details A prominent economist describes Bitcoin as just another bubble: Details 26345853041
Not everyone is excited and a fan of Bitcoin.

There are those who see it as just a bubble and it does not have any advantages that would enable it to be classified as a diversified asset or a safe haven that can be resorted to in times of crisis.

Among the second category, we find the economist “Robin Brooks”, the former chief economist at the Institute of International Finance, who recently stated and confirmed his position on Bitcoin, that it is a bubble and that the recent rise is only a temporary rise that came after the US Federal Reserve cut interest rates.

But after the price of Bitcoin reached and approached achieving a new peak, the crypto community attacked and criticized Brooks’ statements and told him that he would regret it if he did not invest in Bitcoin and benefit from the peaks that the currency achieves every period of time.

It is worth noting that the price of Bitcoin fell in 2022 after the Federal Reserve raised interest rates, which means that Brooks' statements bear some truth regarding the direct impact of the Federal Reserve's interest rate cuts, as investment funds are directed to safer and less volatile assets.

Police officers arrested for allegedly staging fake interrogation to extort $165,000 from victim

Thai authorities have arrested six police officers and a civilian after they were accused of staging a fake interrogation to extort $165,000 from a Chinese national named “Sai.”

According to a local report, the officers, along with a Chinese translator, broke into Sai’s home with a forged search warrant, confiscated electronic devices and threatened to charge him with illegally employing domestic workers.

The officers demanded $10 million to drop the charges, but he eventually agreed to pay $165,000.

After handing over the money, the officers forged documents and forced Sai and his family to record a video in which they denied the charges. They then returned the phones but kept the computer.

The victim later filed a criminal complaint after realizing what had happened to him, which led to the arrest of the accused officers, who denied the charges and were released on bail.

The National Anti-Corruption Commission is investigating, and the results are expected within 30 days
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