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NEWS : đŸ”„đŸ”„ The Philippines Securities and Exchange Commission (SEC) has taken a significant regulatory step by blocking local access to Binance, the world’s largest cryptocurrency exchange by trading volume.  According to a release issued by the regulator on Monday, the SEC’s decision was based on Binance’s failure to obtain the necessary license from the commission to operate as an investment and trading platform.  Binance’s Website And Services Blocked  In its March 12 meeting, the SEC approved filing a formal request with the National Telecommunications Commission (NTC) to assist in blocking Binance’s website and related web pages.  With an average daily trading volume of $65 billion and support for over 402 cryptocurrencies, Binance has gained a substantial user base of more than 183 million members in the Asian country, according to the regulator. #write2earn

NEWS : đŸ”„đŸ”„

The Philippines Securities and Exchange Commission (SEC) has taken a significant regulatory step by blocking local access to Binance, the world’s largest cryptocurrency exchange by trading volume. 

According to a release issued by the regulator on Monday, the SEC’s decision was based on Binance’s failure to obtain the necessary license from the commission to operate as an investment and trading platform. 

Binance’s Website And Services Blocked 

In its March 12 meeting, the SEC approved filing a formal request with the National Telecommunications Commission (NTC) to assist in blocking Binance’s website and related web pages. 

With an average daily trading volume of $65 billion and support for over 402 cryptocurrencies, Binance has gained a substantial user base of more than 183 million members in the Asian country, according to the regulator.

#write2earn

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BEST WAYS TO MAKE MONEY FROM $NOT Last week, on May 16, the long-awaited listing of Notcoin took place on many popular exchanges, including Binance, Bybit and OKX. Major exchanges favor tokens with solid fundamentals and a loyal community. Therefore, the decision to list Notcoin emphasizes the intrinsic value of the asset. It is noteworthy that immediately after the start of sales, the token's quotes peaked at $0.011639. Notcoin was originally a "clicker" game on Telegram. The idea was to click on a button in the application and mine tokens in this way. The project attracted a large target audience (more than 35 million users) and continues to develop. The distinctive feature of this token was the simplicity of its earning. The coin also familiarized many users with the segment of digital assets. The NOT token has impressive prospects, but it is important how the cryptocurrency will prove itself in the global market and how many investors will support it. The digital asset Notcoin allows you to earn in a variety of ways: — Trading. — Holding. — Staking. — Providing liquidity. — Participating in cryptocurrency games. The emergence of Notcoin was an important event for the entire industry of digital assets. However, it should be remembered that the exchange price is cyclical - a coin can experience both rapid growth and a significant decline. The NOT token demonstrated a confident bullrun immediately after listing. However, its long-term prospects depend on many factors, including user trust and innovation. #notcoin #bitcoin #altcoins #MicroStrategy #write2earn
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BINANCE WILL SUPPORT SMALL CRYPTO STARTUPS. Binance's press office noted: in response to the problems caused by high FDV (fully diluted market capitalization) and low number of tokens in circulation for some cryptocurrencies, the platform will start prioritizing support for small and medium-sized startups. This includes direct listing on the exchange, as well as Launchpool, Megadrop and more. The company will require project managers to reserve a large amount of tokens and actively allocate assets to community users. According to the press office, Binance is committed to promoting a healthy and sustainable market environment. The organization prioritizes the interests of users. In recent months, Binance analysts have observed a trend of token launches with "high valuations with low initial turnover." Researchers studied it released a report on the topic a few days earlier. Experts said that in order to foster a healthy industry with multiple market participants, including projects with low and mid-cap valuations, Binance is taking a role in attracting such startups. Experts said it will help develop the blockchain ecosystem by supporting developers that release products "with strong fundamentals, an organic community base, a sustainable business model and a dedicated team. #ETHETFS #BinanceLaunchpool #altcoins
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BREAKING đŸ”„đŸ”„ VENEZUELA BANS CRYPTO MINING Venezuela's Ministry of Electricity is imposing a complete ban on cryptocurrency mining, justifying it with the "stabilization of the national energy grid." Ministry officials said the country's energy security is more important than the digital asset mining industry. The growing mining industry is impacting businesses by having to regularly cut off electricity supply due to overloading and substation accidents. The incidents have been particularly increasing since 2019. Carabobo state governor Rafael Lacava has urged locals to report mining farm activity "in order to prevent disruptions to the power grid." The Venezuelan government insists: the ban on mining is part of an anti-corruption campaign that began with the arrest of several high-ranking officials, among them the former head of the national crypto-asset authority, Joselit RamĂ­rez. Venezuela's Attorney General Tarek William Saab alleges that government officials were involved in oil deals that circumvented the law. #BTC #BinanceLaunchpool #altcoins #ETHETFS
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PYTH, ID AND AVAX TO UNLOCKED OVER 2 BILLION TOKENS THIS WEEK An unlock is the unlocking of tokens that were previously frozen under the terms of investment rounds or other fundraising programs. Pyth Network $PYTH Unlock date: May 20 Number of unlocked tokens: 2,130,000,000 PYTH Current circulating supply: 1,500,000,000,000 PYTH Space ID $ID Unlock date: May 22 Number of unlocked tokens: 18,490,000 IDs Current circulating offer: 430,506,132 ID Avalanche $AVAX Unlock date: May 22 Number of unlocked tokens: 9,540,000 AVAX Current circulating offer: 382,775,370 AVAX #BTC #buythedip #notcoin #ETHETFS #altcoins
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Inflows into U.S. spot bitcoin ETFs totaled more than $221 million — On May 17, the U.S. sector of spot bitcoin-ETFs recorded an inflow of capital, while in Hong Kong - an outflow. — The crypto fund from Fidelity managed to attract the most funds. — The fund of Grayscale Investments also recorded an inflow of $32 million. On May 17, 2024, the U.S. spot bitcoin-ETF sector recorded a capital inflow of $221.54 million, according to SoSo Value. According to the platform, the crypto fund from Fidelity took the top spot in terms of capital inflows on May 17. It added $99 million to its balance sheet. The second is IBIT from BlackRock - $38 million. In third place is the investment product of Grayscale Investments 1 $32 million. The other funds received a total of $52 million. The Hong Kong sector of spot bitcoin-ETFs recorded an outflow of funds - 6.41 BTC. A similar trend can be traced among Ethereum-based products. Here the outflow amounted to 31.32 ETH. Earlier we reported that more than 600 companies invested a total of $3.5 billion in spot bitcoin-ETFs during the week. #BTC #BTCETFS #BitcoinETFs #ETHETFS #BlackRock
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