$BTC #Btc # has transformed the financial landscape by introducing a decentralized digital currency. While it offers significant advantages, it also poses challenges that need to be addressed. As the cryptocurrency space evolves, Bitcoin's role as a digital asset and medium of exchange will continue to be a topic of interest for investors, regulators, and technologists alike.
• What will be better ? invest in Bitcoin ETF or directly buy Bitcoin ( #ETFvsBTC )
• 🐯_Here is the answer: • Bitcoin ETFs are an advantage for those who feel safe with more regulations, generally speaking this is an advantage for those who were already investing in ETFs and feel comfortable and safe with this investment method.
• Important points : Advantages of investing in BTC ETFs: • More regulation • Ease of investment
•🐯_ But it can be considered a disadvantage for those who value independence and direct participation in the world of cryptocurrencies. That is, for those users who are already cryptocurrency investments and feel comfortable being the owners of the crypto BTC.
Based on the search results, here are some recent updates and topics related to Bitcoin (#BTC):
Bitcoin has been flirting with the $52,000 price level, driven by strong inflows into spot ETFs and a general positive trend in crypto markets.
The next Bitcoin halving event is expected to occur in April 2024, which could further boost demand for the cryptocurrency. During halving events, mining companies earn fewer Bitcoins, which can lead to a reduction in supply and potentially drive up prices.
Analysts and investors are showing renewed interest in Bitcoin, with some forecasting further price increases. However, it is important to note that investing in crypto assets carries inherent risks, including significant price volatility.
But it is advisable to buy a part before in case it does not fall below - 0.1%
✍️🐯_ The advantage of trading with FDUSD is 0 commission.
✍️🐯_ The advantage of the FDUSD / USDT pair is that there are no losses.
✍️🐯_ The possible disadvantages would be the low profit margin that can be obtained, and that a lot of capital is needed to have a considerable profit.
✍️_for example
if the price falls by - 0.1%
Buying 100 FDUSD and then selling again when it is at 1/1,
We have 0.1 USDT profit left...
With 1000 FDUSD
We have 1 USDT profit left...
and so on ....
✍️🐯_ FDUSD is a stablecoin issued by First Digital Labs, which is part of the First Digital Group, based in Hong Kong.
✍️🐯_ FDUSD is for those who want to benefit from Binance's zero trading fee promotion on the BTC/FDUSD USDT/FDUSD pair.
✍️🐯_ It is not a regulated issuer of stablecoins or digital assets.
✍️🐯_ FDUSD is backed by US dollar cash deposits (79%) and US treasury bills (20%) with a maturity of less than 3 months. These assets are held by banks and custodians in Hong Kong, Switzerland and Australia.
✍️🐯_ Although the reserves are in the custody of a Hong Kong trust, we believe they are not even remotely bankrupt. In the event of bankruptcy of the issuer or its holding company, user funds cannot be isolated from the liquidation process.
☕...BNB, also known as Binance Coin, is the native crypto token of the Binance cryptocurrency exchange.
☕...Amid the transition from ERC20 token to Bianance Smart Chain native asset, BNB also became the payment form used on the blockchain for smart contracts and payment of transaction fees. Lately, Binance has introduced an automatic burning mechanism for its crypto token, leaving behind the quarterly burning system.
What is BNB used for?
☕...Binance Coin began as an exchange token, with which people could pay transaction fees on the Binance exchange, among other activities on the company's other platforms. Since its transition to Binance Smart Chain's native token, BNB has also been used for the payment of network fees on the blockchain, similar to ETH on the Ethereum platform.
Indian government agency which scrutinizes financial transactions, said Thursday nine global crypto exchanges — including 1.Binance 2. Kraken 3.Kucoin 4.Mexc are operating “illegally” in the country without complying with the local anti-money laundering act and asked the IT Ministry to block their websites.
Do Binace going to Register FIU to maintain millions of Indian customer ???