LIVESybil Busacca P82E
@Square-Creator-3f1f8d29a9f2
Following
Followers
Liked
Shared
CR7 The Goat
LIVEOrkEye
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đđđ Want to earn CR7 sign shirt from binance âââ
CR7 NFT ForeWorld wide đđđ
$BNB
#BinanceTurns7 #ETH_ETF_Approval_23July #ETHETFsApproved #etherreum
CR7 NFT ForeWorld wide đđđ
$BNB
#BinanceTurns7 #ETH_ETF_Approval_23July #ETHETFsApproved #etherreum
dollar weakness
LIVEOrkEye
--
Bearish
đšđšđš đ
đđđđ«đđ„ đđđŹđđ«đŻđ đđĄđđąđ«đŠđđ§ đđđ«đšđŠđ đđšđ°đđ„đ„ đđšđđđČđŹ đđ§đđđ«đŻđąđđ° đïžđïžđïž
Federal Reserve Chairman Jerome Powell emphasized during his recent interview the Fed's commitment to achieving maximum employment and stable prices for the benefit of the USA. Here are the key points from his statement:
1. Maximum Employment: Powell highlighted the Fed's goal of maximizing employment across the United States. This objective entails fostering conditions where as many people as possible who are willing and able to work can find employment opportunities.
2. Stable Prices: The Fed aims to maintain stable prices to support economic stability and growth. Stable prices are crucial for consumers' purchasing power and businesses' planning and investment decisions.
3. Benefit of the USA: Powell emphasized that these dual objectivesâmaximum employment and stable pricesâare pursued for the overall benefit of the United States. By achieving these goals, the Fed aims to promote sustainable economic growth, reduce economic inequalities, and enhance the well-being of the American people.
Overall, Powell's remarks underscore the Federal Reserve's role in managing monetary policy to support the broader economic objectives of the country, ensuring a balance between fostering employment and maintaining price stability.
#CPI_BTC_Watch #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions
Federal Reserve Chairman Jerome Powell emphasized during his recent interview the Fed's commitment to achieving maximum employment and stable prices for the benefit of the USA. Here are the key points from his statement:
1. Maximum Employment: Powell highlighted the Fed's goal of maximizing employment across the United States. This objective entails fostering conditions where as many people as possible who are willing and able to work can find employment opportunities.
2. Stable Prices: The Fed aims to maintain stable prices to support economic stability and growth. Stable prices are crucial for consumers' purchasing power and businesses' planning and investment decisions.
3. Benefit of the USA: Powell emphasized that these dual objectivesâmaximum employment and stable pricesâare pursued for the overall benefit of the United States. By achieving these goals, the Fed aims to promote sustainable economic growth, reduce economic inequalities, and enhance the well-being of the American people.
Overall, Powell's remarks underscore the Federal Reserve's role in managing monetary policy to support the broader economic objectives of the country, ensuring a balance between fostering employment and maintaining price stability.
#CPI_BTC_Watch #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions
See original
LIVEOrkEye
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Get ready for the Giveaway đđđ
As It has been Binance 7 years of Excellence,
So, Binance celebrate with the give away of $7,000 in $BNB, exclusive merch and more rewards across socials.
How to participate ?
To enter the giveaway
1. Follow Binance on Twitter.
2. Retweet and comment what, Be Binance
means to you with hashtag Binanceturns7
Winners will be picked on social by the Binance
So, its time to get creative đ
#binance #Givewaytime #binancegiveaway
As It has been Binance 7 years of Excellence,
So, Binance celebrate with the give away of $7,000 in $BNB, exclusive merch and more rewards across socials.
How to participate ?
To enter the giveaway
1. Follow Binance on Twitter.
2. Retweet and comment what, Be Binance
means to you with hashtag Binanceturns7
Winners will be picked on social by the Binance
So, its time to get creative đ
#binance #Givewaytime #binancegiveaway
alert
LIVEOrkEye
--
Bearish
đšđšđš Alert đšđšđš
đđąđđđšđąđ§ đ đđ„đ„đŹ đđđđđ« đ.đ. đđđ§đđŹ $đđđđ đđšđ«đđĄ đšđ đđąđ„đ€ đđšđđ-đđđ„đđđđ đđđ đđš đđšđąđ§đđđŹđ.
About 4k bitcoin had been seized from narcotics trafficker Banmeet Singh at his January 2024 trial.
Bitcoin (BTC) fell back towards $60,000 on Wednesday, after a wallet tagged to the U.S. Government moved about $240 million worth of seized BTC to a Coinbase Prime address, igniting concerns among traders that the digital assets will likely to be sold.
Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by the the wallet, according to an Arkham Intelligence social media post. "This BTC was originally seized from narcotics trafficker Banmeet Singh, and forfeited at trial in January 2024," the post said.The last movement by the governmentâ which in late 2022 seized roughly 50,000 bitcoin related to the Silk Road websiteâwas $2 billion worth of bitcoin on April 2, which at the time also put pressure on digital markets.
The last confirmed sale by the government was in March 2023, when it unloaded 9,861 coins for $216 million.Attempting a modest bounce from its Mt. Gox-related tumble earlier this week, bitcoin slipped back below $61,000 as the news hit. It's since edged back to $61,100 down 1% over the past 24 hours, with the broader CoinDesk 20 Index lower by about the same amount. Ether {{EHT}} also slipped on the news, falling 1.6% on the day.
#CryptoTradingGuide #btc #news
đđąđđđšđąđ§ đ đđ„đ„đŹ đđđđđ« đ.đ. đđđ§đđŹ $đđđđ đđšđ«đđĄ đšđ đđąđ„đ€ đđšđđ-đđđ„đđđđ đđđ đđš đđšđąđ§đđđŹđ.
About 4k bitcoin had been seized from narcotics trafficker Banmeet Singh at his January 2024 trial.
Bitcoin (BTC) fell back towards $60,000 on Wednesday, after a wallet tagged to the U.S. Government moved about $240 million worth of seized BTC to a Coinbase Prime address, igniting concerns among traders that the digital assets will likely to be sold.
Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by the the wallet, according to an Arkham Intelligence social media post. "This BTC was originally seized from narcotics trafficker Banmeet Singh, and forfeited at trial in January 2024," the post said.The last movement by the governmentâ which in late 2022 seized roughly 50,000 bitcoin related to the Silk Road websiteâwas $2 billion worth of bitcoin on April 2, which at the time also put pressure on digital markets.
The last confirmed sale by the government was in March 2023, when it unloaded 9,861 coins for $216 million.Attempting a modest bounce from its Mt. Gox-related tumble earlier this week, bitcoin slipped back below $61,000 as the news hit. It's since edged back to $61,100 down 1% over the past 24 hours, with the broader CoinDesk 20 Index lower by about the same amount. Ether {{EHT}} also slipped on the news, falling 1.6% on the day.
#CryptoTradingGuide #btc #news
See original
LIVEOrkEye
--
đđđ đđ¶đ»đźđ»đ°đČ đ§đđżđ»đđł đđđ
Happy 7th Anniversary, Binance! đđđ
đ„łđ„łđ„ł Time to Celebrate đ„łđ„łđ„ł
"Here's to a platform of trust, reliability, and smart choices. Cheers to many more years of innovation and excellence in the world of cryptocurrency."
#BinanceAppHomepage #BinanceTurns7
Happy 7th Anniversary, Binance! đđđ
đ„łđ„łđ„ł Time to Celebrate đ„łđ„łđ„ł
"Here's to a platform of trust, reliability, and smart choices. Cheers to many more years of innovation and excellence in the world of cryptocurrency."
#BinanceAppHomepage #BinanceTurns7
alert
LIVEOrkEye
--
Bearish
đšđšđš đ
đđđđ«đđ„ đđđŹđđ«đŻđ đđĄđđąđ«đŠđđ§ đđđ«đšđŠđ đđšđ°đđ„đ„ đđšđđđČđŹ đđ§đđđ«đŻđąđđ° đïžđïžđïž
Federal Reserve Chairman Jerome Powell emphasized during his recent interview the Fed's commitment to achieving maximum employment and stable prices for the benefit of the USA. Here are the key points from his statement:
1. Maximum Employment: Powell highlighted the Fed's goal of maximizing employment across the United States. This objective entails fostering conditions where as many people as possible who are willing and able to work can find employment opportunities.
2. Stable Prices: The Fed aims to maintain stable prices to support economic stability and growth. Stable prices are crucial for consumers' purchasing power and businesses' planning and investment decisions.
3. Benefit of the USA: Powell emphasized that these dual objectivesâmaximum employment and stable pricesâare pursued for the overall benefit of the United States. By achieving these goals, the Fed aims to promote sustainable economic growth, reduce economic inequalities, and enhance the well-being of the American people.
Overall, Powell's remarks underscore the Federal Reserve's role in managing monetary policy to support the broader economic objectives of the country, ensuring a balance between fostering employment and maintaining price stability.
#CPI_BTC_Watch #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions
Federal Reserve Chairman Jerome Powell emphasized during his recent interview the Fed's commitment to achieving maximum employment and stable prices for the benefit of the USA. Here are the key points from his statement:
1. Maximum Employment: Powell highlighted the Fed's goal of maximizing employment across the United States. This objective entails fostering conditions where as many people as possible who are willing and able to work can find employment opportunities.
2. Stable Prices: The Fed aims to maintain stable prices to support economic stability and growth. Stable prices are crucial for consumers' purchasing power and businesses' planning and investment decisions.
3. Benefit of the USA: Powell emphasized that these dual objectivesâmaximum employment and stable pricesâare pursued for the overall benefit of the United States. By achieving these goals, the Fed aims to promote sustainable economic growth, reduce economic inequalities, and enhance the well-being of the American people.
Overall, Powell's remarks underscore the Federal Reserve's role in managing monetary policy to support the broader economic objectives of the country, ensuring a balance between fostering employment and maintaining price stability.
#CPI_BTC_Watch #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions
simple treading book
LIVEOrkEye
--
đ đđąđ€đ & đ
đšđ„đ„đšđ° đđš đ đđ đđ«đđ $đđ đđ«đđđąđ§đ đđšđšđ€ đ
"Simple Trading Book: A Practical Guide to Technical Analysis"
first 5 user will get free e-Book. đ
just type trading to get Simple trading book. đđđ
#freeGifts #giftgiveaway #bookofcrypto
"Simple Trading Book: A Practical Guide to Technical Analysis"
first 5 user will get free e-Book. đ
just type trading to get Simple trading book. đđđ
#freeGifts #giftgiveaway #bookofcrypto
See original
be careful
LIVEOrkEye
--
đšđšđš$đ đđąđ„đ„đąđšđ§ đđđ«đđĄđȘđźđđ€đ đ«đđđđČ đđš đŹđĄđđ€đ đđĄđ đŠđđ«đ€đđđȘđȘđȘ
đđąđđđšđąđ§ đđ§đ đđđĄđđ«đđźđŠ đšđ©đđąđšđ§đŹ đđ±đ©đąđ«đąđ§đ : đ $đ đđąđ„đ„đąđšđ§ đđđ«đđĄđȘđźđđ€đ đ«đđđđČ đđš đŹđĄđđ€đ đđĄđ đŠđđ«đ€đđ
The crypto market is bracing for potential volatility as Bitcoin and Ethereum options with a notional value of $2.06 billion are set to expire on Friday. This massive expiration could cause fluctuations in BTC and Ether prices.
đđąđđđšđąđ§ đđ§đ đđđĄđđ«đđźđŠ đđ©đđąđšđ§đŹ đđźđ«đ đ đšđ $đ đđąđ„đ„đąđšđ§$BTC
The crypto traders are in a stir as a true wave of Bitcoin and Ethereum options worth over $2 billion are set to expire today.
According to data, approximately 20,276 Bitcoin options contracts representing $1.35 billion, with a very high maximum strike price of $68,500, are set to expire.
Simultaneously, no less than 201,647 Ethereum contracts worth $709.76 million, with a maximum strike price of $3,600, are also due to expire in a timing that is not coincidental.
The put/call ratios, indicators measuring the balance between outstanding buy and sell options, are at 0.49 for Bitcoin and 0.36 for Ethereum. These levels below 1 suggest a predominance of long positions over short positions, a potentially bullish signal to watch closely.
However, savvy investors will remain vigilant, as such massive options expirations generally translate into bouts of market volatility, at least in the short term. đđ±đ©đđ«đđŹâ đđąđđ°đŹ đšđ§ đđĄđ đđđŁđšđ« đđŻđđ§đ
Adam, a macro researcher at Greeks.Live, an options trading tool, shared his insightful analysis on the upcoming expiration. According to him, although the week is crucial for macroeconomics, the crypto market has recently experienced disappointing performances, with mainstream coins and altcoins dropping significantly.
Adam suggested that traders prepare for the potential approval of an Ethereum Spot ETF by the end of the month, by planning in advance to buy options for the next month.
Bitcoin and Ethereum experienced price drops before this major expiration. BTC, which was trading at $71,643 on June 7, briefly fell to $66,254 on June 11 before rebounding to $69,945 on June 12.
The crypto market is bracing for potential volatility as Bitcoin and Ethereum options with a notional value of $2.06 billion are set to expire on Friday. This massive expiration could cause fluctuations in BTC and Ether prices.
đđąđđđšđąđ§ đđ§đ đđđĄđđ«đđźđŠ đđ©đđąđšđ§đŹ đđźđ«đ đ đšđ $đ đđąđ„đ„đąđšđ§$BTC
The crypto traders are in a stir as a true wave of Bitcoin and Ethereum options worth over $2 billion are set to expire today.
According to data, approximately 20,276 Bitcoin options contracts representing $1.35 billion, with a very high maximum strike price of $68,500, are set to expire.
Simultaneously, no less than 201,647 Ethereum contracts worth $709.76 million, with a maximum strike price of $3,600, are also due to expire in a timing that is not coincidental.
The put/call ratios, indicators measuring the balance between outstanding buy and sell options, are at 0.49 for Bitcoin and 0.36 for Ethereum. These levels below 1 suggest a predominance of long positions over short positions, a potentially bullish signal to watch closely.
However, savvy investors will remain vigilant, as such massive options expirations generally translate into bouts of market volatility, at least in the short term. đđ±đ©đđ«đđŹâ đđąđđ°đŹ đšđ§ đđĄđ đđđŁđšđ« đđŻđđ§đ
Adam, a macro researcher at Greeks.Live, an options trading tool, shared his insightful analysis on the upcoming expiration. According to him, although the week is crucial for macroeconomics, the crypto market has recently experienced disappointing performances, with mainstream coins and altcoins dropping significantly.
Adam suggested that traders prepare for the potential approval of an Ethereum Spot ETF by the end of the month, by planning in advance to buy options for the next month.
Bitcoin and Ethereum experienced price drops before this major expiration. BTC, which was trading at $71,643 on June 7, briefly fell to $66,254 on June 11 before rebounding to $69,945 on June 12.
â
LIVEOrkEye
--
Bullish
đđđ Hurrray
CR7 NFT AIRDROP đȘ
As a surprise to all CR7 Forever Worldwide holders, Binance give away 100 FREE NFTs to boost CR7 community level!
Real Benefits for Holders.
Exclusively on Binance NFT.
#CR7sign #Cr7ForeverNft #CR7Worldwide #CR7NFT #CR7ForeverZone
CR7 NFT AIRDROP đȘ
As a surprise to all CR7 Forever Worldwide holders, Binance give away 100 FREE NFTs to boost CR7 community level!
Real Benefits for Holders.
Exclusively on Binance NFT.
#CR7sign #Cr7ForeverNft #CR7Worldwide #CR7NFT #CR7ForeverZone
CR7 the goat
LIVEOrkEye
--
Bullish
đđđCR7 4EVER WorldWide đđđ
Score a Free CR7 NFT.
Road to Suadia Arabia
Hold drop 1, 2 & 3 CR7 NFT from previous drop and get your chance to score free NFT from CR7 4ever World wide Collection .
#CR7Worldwide #CR7NFT #Binance200M #CR7
Score a Free CR7 NFT.
Road to Suadia Arabia
Hold drop 1, 2 & 3 CR7 NFT from previous drop and get your chance to score free NFT from CR7 4ever World wide Collection .
#CR7Worldwide #CR7NFT #Binance200M #CR7
USA habe some specific sources
LIVEOrkEye
--
White House Signals Biden Will Sign Crypto Market Bill if It Passes Congress
The recent announcement that President Biden is poised to sign a crypto market bill if it passes Congress marks a pivotal moment for the cryptocurrency industry. This signal from the White House could bring profound changes, influencing investors, regulatory frameworks, and the overall financial landscape.
Firstly, this indication of presidential approval injects a significant level of legitimacy and confidence into the crypto market. Many investors, previously wary of regulatory uncertainty, may now feel more secure in their investments. This increased confidence could attract a surge of capital from both individual and institutional investors, driving market growth and activity.
A key aspect of this development is the anticipated regulatory clarity. A well-defined crypto market bill would establish clear guidelines on various issues, such as consumer protection, anti-money laundering protocols, and measures to prevent market manipulation. Such regulations would create a more transparent and secure environment, safeguarding investor interests and enhancing the market's integrity.
Furthermore, the prospect of new regulations could spur innovation within the crypto sector. Companies might accelerate their efforts to comply with upcoming standards, leading to the development of new financial products and services. This proactive adjustment could foster growth and competitiveness in the U.S. crypto market, potentially making it a global leader.
In summary, the White House's signal that President Biden will sign a crypto market bill if it passes Congress heralds a new era of confidence, regulatory clarity, and innovation, positioning the U.S. as a key player in the global cryptocurrency landscape.
The recent announcement that President Biden is poised to sign a crypto market bill if it passes Congress marks a pivotal moment for the cryptocurrency industry. This signal from the White House could bring profound changes, influencing investors, regulatory frameworks, and the overall financial landscape.
Firstly, this indication of presidential approval injects a significant level of legitimacy and confidence into the crypto market. Many investors, previously wary of regulatory uncertainty, may now feel more secure in their investments. This increased confidence could attract a surge of capital from both individual and institutional investors, driving market growth and activity.
A key aspect of this development is the anticipated regulatory clarity. A well-defined crypto market bill would establish clear guidelines on various issues, such as consumer protection, anti-money laundering protocols, and measures to prevent market manipulation. Such regulations would create a more transparent and secure environment, safeguarding investor interests and enhancing the market's integrity.
Furthermore, the prospect of new regulations could spur innovation within the crypto sector. Companies might accelerate their efforts to comply with upcoming standards, leading to the development of new financial products and services. This proactive adjustment could foster growth and competitiveness in the U.S. crypto market, potentially making it a global leader.
In summary, the White House's signal that President Biden will sign a crypto market bill if it passes Congress heralds a new era of confidence, regulatory clarity, and innovation, positioning the U.S. as a key player in the global cryptocurrency landscape.
good to know
LIVEOrkEye
--
Here We Go
1. **Bull Market**: A financial market where prices are rising or are expected to rise, typically characterized by investor optimism and confidence.
2. **Bear Market**: A financial market where prices are falling or are expected to fall, typically characterized by investor pessimism and selling pressure.
3. **Volatility**: The degree of variation of a trading price series over time, typically measured by the standard deviation of returns.
4. **Liquidity**: The ease with which an asset can be bought or sold in the market without significantly affecting its price.
5. **Short Selling**: Selling a security that the seller does not own, with the intention of buying it back later at a lower price.
6. **Market Order**: An order to buy or sell a security immediately at the best available current price.
7. **Limit Order**: An order to buy or sell a security at a specified price or better.
8. **Margin Trading**: Trading with borrowed funds, using the securities in the investor's account as collateral.
9. **Day Trading**: Buying and selling financial instruments within the same trading day, with all positions closed before the market closes.
10. **Market Capitalization**: The total market value of a company's outstanding shares, calculated by multiplying the current stock price by the total number of outstanding shares.#BTCâ
1. **Bull Market**: A financial market where prices are rising or are expected to rise, typically characterized by investor optimism and confidence.
2. **Bear Market**: A financial market where prices are falling or are expected to fall, typically characterized by investor pessimism and selling pressure.
3. **Volatility**: The degree of variation of a trading price series over time, typically measured by the standard deviation of returns.
4. **Liquidity**: The ease with which an asset can be bought or sold in the market without significantly affecting its price.
5. **Short Selling**: Selling a security that the seller does not own, with the intention of buying it back later at a lower price.
6. **Market Order**: An order to buy or sell a security immediately at the best available current price.
7. **Limit Order**: An order to buy or sell a security at a specified price or better.
8. **Margin Trading**: Trading with borrowed funds, using the securities in the investor's account as collateral.
9. **Day Trading**: Buying and selling financial instruments within the same trading day, with all positions closed before the market closes.
10. **Market Capitalization**: The total market value of a company's outstanding shares, calculated by multiplying the current stock price by the total number of outstanding shares.#BTCâ
#CR7 legend
LIVEOrkEye
--
#Megadrop #ETHETFsApproved #StartInvestingInCrypto #BlackRock #MicroStrategy
Binance CR7 NFT Collection & their Reward đ
: A Game-Changer in Fan Engagement
Binance, one of the leading cryptocurrency exchanges, has teamed up with football icon Cristiano Ronaldo to launch a groundbreaking NFT (Non-Fungible Token) collection, bringing together the worlds of sports and blockchain technology. The Binance CR7 NFT Collection offers fans an unprecedented opportunity to own exclusive digital collectibles and unlock a range of exciting rewards.
This unique collection features a series of digital artworks and memorabilia inspired by Cristiano Ronaldo's illustrious career, including iconic moments, signature moves, and personal milestones. Each NFT is authenticated on the blockchain, ensuring its rarity and authenticity.
What sets the Binance CR7 NFT Collection apart is its innovative reward system. Holders of these digital collectibles have the chance to redeem a variety of exclusive rewards, including signed merchandise, posters, football tickets, VIP experiences, and much more. This creates a dynamic ecosystem where fans can not only collect digital memorabilia but also engage with their favorite athlete in meaningful ways.
For fans, owning a piece of the Binance CR7 NFT Collection goes beyond mere ownershipâit's a symbol of their dedication and support for Cristiano Ronaldo. Moreover, the collection serves as a gateway to unique experiences and interactions that transcend traditional fan engagement.
In summary, the Binance CR7 NFT Collection represents a convergence of sports fandom and blockchain innovation, offering fans an immersive and rewarding experience like never before. As NFTs continue to gain traction in the mainstream, collaborations like this demonstrate their potential to transform the way we engage with athletes, entertainers, and cultural icons.
Binance CR7 NFT Collection & their Reward đ
: A Game-Changer in Fan Engagement
Binance, one of the leading cryptocurrency exchanges, has teamed up with football icon Cristiano Ronaldo to launch a groundbreaking NFT (Non-Fungible Token) collection, bringing together the worlds of sports and blockchain technology. The Binance CR7 NFT Collection offers fans an unprecedented opportunity to own exclusive digital collectibles and unlock a range of exciting rewards.
This unique collection features a series of digital artworks and memorabilia inspired by Cristiano Ronaldo's illustrious career, including iconic moments, signature moves, and personal milestones. Each NFT is authenticated on the blockchain, ensuring its rarity and authenticity.
What sets the Binance CR7 NFT Collection apart is its innovative reward system. Holders of these digital collectibles have the chance to redeem a variety of exclusive rewards, including signed merchandise, posters, football tickets, VIP experiences, and much more. This creates a dynamic ecosystem where fans can not only collect digital memorabilia but also engage with their favorite athlete in meaningful ways.
For fans, owning a piece of the Binance CR7 NFT Collection goes beyond mere ownershipâit's a symbol of their dedication and support for Cristiano Ronaldo. Moreover, the collection serves as a gateway to unique experiences and interactions that transcend traditional fan engagement.
In summary, the Binance CR7 NFT Collection represents a convergence of sports fandom and blockchain innovation, offering fans an immersive and rewarding experience like never before. As NFTs continue to gain traction in the mainstream, collaborations like this demonstrate their potential to transform the way we engage with athletes, entertainers, and cultural icons.
what you think ?
LIVEOrkEye
--
đš đđĄđąđ§đ'đŹ đđ«đČđ©đđš đđđ§đđąđŹđŹđđ§đđ: đđŠđđ«đđđąđ§đ đ đđđ° đđ«đ đšđ đđđŻđđ„đšđ©đŠđđ§đ.đš
China, a global powerhouse in technology and innovation, is forging ahead into a new era of cryptocurrency development, signaling a significant shift in its approach to digital assets. With recent regulatory reforms and a renewed focus on blockchain technology, the country is poised to lead the way in shaping the future of finance.
In October 2019, Chinese President, emphasized the importance of blockchain technology, calling for accelerated development and integration into various sectors of the economy. This marked a pivotal moment, as China recognized the transformative potential of blockchain beyond cryptocurrencies.
In May 2021, China reiterated its commitment to blockchain innovation while cracking down on cryptocurrency mining and trading activities due to concerns over energy consumption and financial risks. This move underscored the government's intent to regulate the industry while fostering innovation in blockchain technology.
Amid regulatory adjustments, China has continued to explore the potential of its digital currency, the digital yuan (e-CNY). Through pilot programs and strategic partnerships with commercial banks and technology companies, the People's Bank of China aims to digitize the country's fiat currency, enhancing efficiency and security in financial transactions.
Furthermore, Chinese companies and entrepreneurs are actively contributing to the global cryptocurrency landscape, with initiatives ranging from decentralized finance (DeFi) platforms to non-fungible token (NFT) marketplaces.
As China embraces this new era of cryptocurrency development, it seeks to balance innovation with regulatory oversight, ensuring a stable and secure environment for investors and businesses.#btc70k #BlackRock #china #StartInvestingInCrypto
China, a global powerhouse in technology and innovation, is forging ahead into a new era of cryptocurrency development, signaling a significant shift in its approach to digital assets. With recent regulatory reforms and a renewed focus on blockchain technology, the country is poised to lead the way in shaping the future of finance.
In October 2019, Chinese President, emphasized the importance of blockchain technology, calling for accelerated development and integration into various sectors of the economy. This marked a pivotal moment, as China recognized the transformative potential of blockchain beyond cryptocurrencies.
In May 2021, China reiterated its commitment to blockchain innovation while cracking down on cryptocurrency mining and trading activities due to concerns over energy consumption and financial risks. This move underscored the government's intent to regulate the industry while fostering innovation in blockchain technology.
Amid regulatory adjustments, China has continued to explore the potential of its digital currency, the digital yuan (e-CNY). Through pilot programs and strategic partnerships with commercial banks and technology companies, the People's Bank of China aims to digitize the country's fiat currency, enhancing efficiency and security in financial transactions.
Furthermore, Chinese companies and entrepreneurs are actively contributing to the global cryptocurrency landscape, with initiatives ranging from decentralized finance (DeFi) platforms to non-fungible token (NFT) marketplaces.
As China embraces this new era of cryptocurrency development, it seeks to balance innovation with regulatory oversight, ensuring a stable and secure environment for investors and businesses.#btc70k #BlackRock #china #StartInvestingInCrypto
