Note: Ripple unlocked 1 billion XRP tokens for July sales.
Ripple, the company behind the development of the XRP Ledger (XRP), will unlock 1 billion tokens worth $470 million on July 1. This is part of Ripple's monthly sale, which could have a negative impact on the price of XRP in the coming weeks.
Binance has announced that all UAE resident accounts will be migrated from the global Binance platform to the local regulated exchange Binance FZE, known as Binance Dubai, by December 15, 2024.
As part of this migration, users will need to update their customer information (Know Your Customer (KYC). #Binance will contact users via email to instruct them on the KYC process and ensure compliance with local laws. With a VASP license, Binance Dubai offers a full range of services including #cryptocurrency exchange, broker-dealer services, lending and borrowing, virtual asset management and investment services. The platform supports over 300 virtual assets and offers deposits and withdrawals in local fiat currency (AED). Assets not supported by Binance Dubai will be liquidated prior to KYC expiration, with specific timelines depending on the particular asset. Binance FZE does not allow multiple accounts per user, so users with Binance. com and Binance Dubai. Users with accounts must choose between the two. To encourage timely compliance, Binance is running a promotion where users who complete the KYC update by October 30, 2024 will have a chance to #win bitcoins from a prize pool totaling USD 500,000, including a grand prize of 1 #ЛюбимыйТокен . The regulatory changes follow Binance's strategic decision to focus on the Middle East amid increased regulation in the European and US markets. This is an important step forward after Binance Dubai reached the third stage of the regulatory process in Dubai last year. This progress means that Binance is approaching the 200 million user mark: there are currently around 188 million users on the cryptocurrency exchange's platform. Interestingly, this number is higher than rival Coinbase's 108 million users.
Binance makes a local leap: business moves to Binance FZE
Binance has announced that all UAE resident accounts will be migrated from the global Binance platform to the local regulated exchange Binance FZE, known as Binance Dubai, by December 15, 2024.
As part of this migration, users will need to update their customer information (Know Your Customer (KYC). #Binance will contact users via email to instruct them on the KYC process and ensure compliance with local laws. With a VASP license, Binance Dubai offers a full range of services including #cryptocurrency exchange, broker-dealer services, lending and borrowing, virtual asset management and investment services. The platform supports over 300 virtual assets and offers deposits and withdrawals in local fiat currency (AED). Assets not supported by Binance Dubai will be liquidated prior to KYC expiration, with specific timelines depending on the particular asset. Binance FZE does not allow multiple accounts per user, so users with Binance. com and Binance Dubai. Users with accounts must choose between the two. To encourage timely compliance, Binance is running a promotion where users who complete the KYC update by October 30, 2024 will have a chance to #win bitcoins from a prize pool totaling USD 500,000, including a grand prize of 1 #ЛюбимыйТокен . The regulatory changes follow Binance's strategic decision to focus on the Middle East amid increased regulation in the European and US markets. This is an important step forward after Binance Dubai reached the third stage of the regulatory process in Dubai last year. This progress means that Binance is approaching the 200 million user mark: there are currently around 188 million users on the cryptocurrency exchange's platform. Interestingly, this number is higher than rival Coinbase's 108 million users. Binance's new CEO Richard Teng, who succeeded Chao Chanpeng in November, expects the exchange to soon surpass the 200 million user mark. Read us at: Compass Investments
When WikiLeaks was facing financial difficulties, early bitcoin enthusiasts proposed using the cryptocurrency to circumvent the traditional financial system. Although bitcoin creator Satoshi Nakamoto initially opposed the idea for fear of unwanted attention, WikiLeaks began accepting donations in bitcoins in June 2011. This decision proved to be important, as it brought in over 4,000 BTC and today is valued at $244 million.
By accepting bitcoins, WikiLeaks was able to receive funds without censorship. This move not only saved the organization from financial collapse, but also demonstrated the potential of decentralized finance to protect against unreasonable blocking of funds by the government. In conclusion, bitcoin's intervention played a key role in saving WikiLeaks from financial collapse. By providing a censorship-resistant source of funding, #bitcoin helped WikiLeaks continue its mission of transparency and free speech despite enormous pressure and attacks. WikiLeaks founder Julian Assange has finally arrived in Australia after being released by a US court. Mr. Assange pleaded guilty to espionage charges and was sentenced to prison time, allowing him to return home. Coinpedia will continue to bring you more articles about the crypto industry! Was this article useful? Read us at: Compass Investments
Kadot Price Analysis: After losing the DOT6 level, where will the dot move next time?
Kadot Price Analysis: After losing the DOT6 level, where will the dot move next time?
kadot Price Analysis: After losing the DOT6 level, where will the #dot move next time? #Polkadot demand has increased recently, approaching the DOT6 level, which was previously broken. Assessing supply near this key mark is important to make informed trading decisions. The attached chart provides valuable information on smart money priorities over the medium term and shows the potential level of liquidity as the price moves into Polkadot. A significant level of fluidity is above the critical resistance area of 6, which coincides with the lower boundary of the triangle. Read us at: Compass Investments #transscreen.ru #TrendingTopic #CryptoTrends
Crypto traders lost about 30 million dollars in the 200 days they traded this cryptocurrency
Crypto traders were actively trading PEPE and decided to give up due to accumulated losses of 200 million yen. This happened when cryptocurrencies collapsed and traders started selling PEPE packets below the dollar cost average (DCA).
-Shares of Fedex Corp. (NYSE:FDX) soared in pre-market trading Wednesday after announcing results for the fourth quarter and full fiscal year 2024.
The transportation giant reported higher-than-expected revenue thanks to aggressive cost-cutting measures and operational efficiencies. 6:26A. m. As of today's trading session, FedEx shares were up 14.05% to £2,292.40, a significant increase from its previous close of £256.38. Fedex reported a modest increase in fourth-quarter sales, which #rose to 2.21 billion yen from 2.19 billion yen a year earlier. Operating profit for the quarter rose to 1.50 billion yen from 1.156 billion yen a year earlier. The company's adjusted operating margin increased to 8.1%, up from 8.5% in the previous quarter. FedEx's sales in fiscal 2024 declined slightly from fiscal 2023 to ¥990.2 billion from ¥87.7 billion in the previous fiscal year. However, the company's cost-cutting efforts are paying off, and its full-year operating profit rose to ¥556,000 from ¥491,000 a year earlier. Adjusted operating margin increased to 7.1% in fiscal 2023 from 6.0%. Diluted earnings per share (EPS) for the full year rose to 17.21 yen, while adjusted EPS reached 17.80 yen, both of which improved significantly from the previous year. Join our telegram group and don't miss any news. Fedex's impressive results are largely due to its aggressive cost-saving strategy. The Drive program aims to reduce costs by 40 billion yen by the end of fiscal 2025, but it has already achieved structural savings of 1.8 billion yen by fiscal 2024. The transportation giant is merging air and ground services into a single FedEx Corporation, and the integration is expected to save an additional $220 billion. Other cost-cutting measures include the permanent cancellation of 22 Boeing 757-200 aircraft and 7 engines to them, as well as plans to close 7 FedEx freight centers to streamline operations. In fiscal 2024, capital expenditures fell to 5. Read us at: Compass Investments #Crypto2024 #FinTechInnovations #MarketInsights #GlobalCrypto
Glassnode shows a clear picture of how investors have bought and sold bitcoin over time.
Increased consumer activity is seen from mid-2023 to mid-2024, indicating a strategic move before prices halve.
Thanks to massive purchases from #MicroStrategy and #Tesla , interest in #bitcoin resumes in 2020. Recently, the Bitcoin price has seen a notable drop, reaching a high near $66 in early May and temporarily dipping below £70,000. As the price of Bitcoin has fluctuated, the way investors buy and hold bitcoin has also changed markedly. Analysts have noted that many are increasing their Bitcoin holdings in anticipation of the price halving in 2024. This trend shows that investors are becoming increasingly confident, preparing for a possible doubling of the price after that event. According to Cryptoslate's tweet, past data analyzed by Glassnode shows a clear picture of how investors have bought and sold bitcoin over time, reflecting changes in market sentiment and strategic investor behavior over the years. Read us at: Compass Investments #TokenEconomy #CryptoMarketTrends
Bitcoin Investors Accumulate More BTC As Prices Fall to 60 Thousand
-Glassnode shows a clear picture of how investo
rs have been buying and selling bitcoins over time.Increased consumer activity will be seen from mid-2023 to mid-2024, marking a strategic step before prices halve. Thanks to massive purchases from #MicroStrategy and #Tesla , interest in #bitcoin resumes in 2020. Recently, the Bitcoin price has seen a notable drop, reaching a high of $66 in early May and temporarily dipping below £70,000. As the price of Bitcoin has fluctuated, the way investors buy and hold bitcoin has also changed markedly. Analysts have noted that many are increasing their Bitcoin holdings in anticipation of the price halving in 2024. This trend shows that investors are becoming more confident, preparing for a possible price rise after the half event. According to Cryptoslate's tweet, past data analyzed by Glassnode shows a clear picture of how investors have bought and sold bitcoin over time, reflecting changes in market sentiment and strategic investor behavior over the years. Read us at: Compass Investments #DigitalCurrency #CryptoAdoption
Alex Lab has reported a major hack that resulted in the theft of $4,400 million linked to North Korean hacker group Lazarus, based on the Bitcoin DeFi protocol.
-Share: #Alex Lab has reported a major hack that resulted in the theft of $4,400 million linked to North Korean hacker group Lazarus, based on the #ЛюбимыйТокен #ЛюбимыйТокен protocol. Alex Lab, a Bitcoin-based DeFi platform, recently revealed new details about the massive hack that occurred on May 5. In the hack, an attacker used a phishing attack to obtain a private key and gain full access to funds stored in 1 of the vaults. Among the compromised assets were aBTC, sUSDT, XBTC, xUSD, ALEX, atalex, ListX, SKO, CHAX, $B20, ORDG, ORMM, ORNJ, TRIO, TX20 and STXS. However, the platform showed that its underlying smart contracts and infrastructure were not compromised. After gaining control, the attackers immediately transferred about 1,370 million #STX , of which 300 million were sent to centralized exchanges (CEX) such as #Binance and Kraken. Despite attempts to recover most of the funds, about $4,400 million is still being sought and is not guaranteed to be fully recovered. The study found that attackers made about 1 in 10,000 transactions per month, sending STX tokens to various new addresses and then to CEX. By 6/24, 830 million STX had been withdrawn to CEX, making it difficult to recover the 550 million STX remaining in the chain. Forensic analysis conducted by the ZachXBT cryptodetector found significant evidence linking the attack to the Lazarus group, a known North Korean hacking organization. The analysis traced transactions from the original exploit to addresses associated with Lazarus group activity, confirming their involvement. The disclosure prompted Alex Lab to intensify its collaboration with law enforcement and cybersecurity experts, including the Singapore Police Force, to recover stolen assets and address the broader implications.
E, Dogecoin and Shiba Inu are back among the leaders as Memcoins outperform Bitcoin and Efirium
E, Dogecoin and Shiba Inu are back among the leaders as Memcoins outperform Bitcoin and Efirium
e, #Dogecoin and #Shiba Inu are back among the leaders as Memcoins outperform #ЛюбимыйТокен and Efirium The Memcoin market exploded on Tuesday, the first sign of a broader market recovery that has led to significant gains in both large and small coins. Read us at: Compass Investments #BlockchainFuture #CryptoNews
Bitcoin is recovering from ETF outflows and is back above the 61k mark
-Bitcoin BTC/USD has recovered from Monday's poor trading performance and is trading back above 661,000 despite significant net outflows from spot ETFs.
What Happened: At the time of writing, the #bitcoin exchange rate has been flat for the past 61,300 hours, compared to 5,59,086 in Monday evening trading. On September 24, a net outflow of ¥17,400 million was recorded from these ETFs, a 7-day continuous negative inflow. Grayscale Bitcoin Trust GBTC, a major player in the #cryptocurrency #ETF market, was ready for the leakage. At one point, net outflows reached 990.4295 million dollars. Despite this outflow, the total net value of the bitcoin spot ETF remains significant at ¥51.53 billion, indicating continued interest in the cryptocurrency as an investment vehicle, according to soso Value. This trend is not limited to 1 day or ETFs. According to a new report from CoinShares, outflows from digital asset investment products reached 5 billion 8400 million yen in the past 2 weeks, resulting in a loss of 1.2 billion yen. Analysts believe there is growing pessimism among investors about the possibility of an interest rate cut by the U. S. Federal Reserve this year. Bitcoin has been at the center of this decline, accounting for an outflow of 63,000 yen. Interestingly, despite the negative emotions, investors did not significantly increase short positions on bitcoin. This indicates a wait-and-see attitude rather than an active bet on the virtual currency. Why it matters:Bitcoin and #ЛюбимыйТокен ETH/USD are struggling, while some #altcoins and multi-asset products are experiencing small inflows. This discrepancy points to a potential shift in investor strategy: some see altcoin market weakness as a buying opportunity. The geographic distribution of these flows is notable: the United States leads with 447,500 million, while Canada leads with 11,900 million.
Mine Bitcoin while learning AI; no need to quit. -CryptoNews 51 chars.
Mining companies trade to take advantage of artificial intelligence developments.
Save links:In this article:#Mining companies trade to take advantage of artificial intelligence developments.Miners are ramping up investment in monetizing energy contracts and physical assets for #AI purposes.Mining is still approaching its peak with the shift to US farms and the dominance of foundry pools.There are increasing signs that #bitcoin miners are liquidating their assets. Miners are already professionally building farms around the world in anticipation of the artificial intelligence revolution.Projects like #Core Scientific have spent the last few years working on artificial intelligence without giving up mining. Now, after signing a 12-year contract with CoreWeave, Core Scientific is accelerating its AI services. Core scientific rents GPUs to train AI models.The AI training industry is still in its infancy, with the industry set to be less than $330 billion in 2024. The sector is projected to grow 10 times in the next 10 years. #ЛюбимыйТокен and cryptocurrencies are also seen in the long term, but AI revenue promises to be a source of equally rapid growth.Miners are the ideal AI carriers because it took years to get a cheap source of energy. Switching to AI is still costly, but it can replace the desire to increase hashing speeds in mining. Some mining companies are starting to utilize some AI service capabilities even during the bear market in 2022.Miners were relatively profitable before the halving. However, competition continues to grow and the complexity of mining is increasing. Mainers with older farms need to keep up, as the price of mining equipment often depends on the increase in demand. Some miners can use their accumulated coins to fund new AI farm members by buying high-end graphics cards to create content.Read us at: Compass Investments
Are altcoins doomed while bitcoin aims for the 100,000 mark? New information and market data
The total cryptocurrency market, excluding the Top 10 advantage, shows a current advantage of 10.34%, down from the annualized early 2024 peak of 13.38%. In 2024/6/1, the figure was 11.38%, which was a one-month peak.
Bitcoin's price is currently at $60,769.45, showing a 30-day drop of 12.4%, a 7-day drop of 7.5%, and a 24-hour drop of 3.1%. Solana's price is currently at $133.88, indicating a 30-day drop of 19.0%, a 7-day drop of 2.1% and a 24-hour rise of 6.55%. The chain #link price is at $13.84, a 30-day decline of 24.4%, a 7-day increase of 1.0%, and a 24-hour increase of 6.1%. WIF prices are at 11.83, a 30-day decline of 40.1%, a 7-day decline of 11.8%, and a 24-hour decline of 15.8%. In conclusion, while #bitcoin continues to rise, the short-term outlook for #altcoins remains uncertain. Crypto traders and investors should be prepared for a potential drop in altcoin prices, even if the long-term outlook is positive. Read us at: Compass Investments #CompassInvestments #CryptoUpdates
Bitcoin-Etf lost £174 million after Mt. Gox payment decryption confirmed
Institutional investors have been relentlessly selling US spot bitcoin-ETFs. According to analytics platform SoSovalue, net outflows from bitcoin-ETF funds have reached 7 billion 1,400 million yen over the past 5 trading sessions.
Yesterday, net outflows reached 1,174 million after it was revealed to Fuji's creditors. Gox will finally start receiving rewards next week. The largest outflows were seen in the grayscale GBTC fund (£99,000 million) and the FBTC Fidelity fund (£3,500 million). #ЛюбимыйТокен briefly broke the $60,000 mark before falling to £59,086. The major cryptocurrencies have since recovered and are trading at £60,770 at the time of writing, according to CoinGecko. Although last week was a shortened week for US institutional investors - the market was closed until June 19 due to the 19th anniversary celebrations - #bitcoin ETFs are still in the market. The bitcoin exchange rate fell below the $6-60,000 mark for the first time since the beginning of the month. This came after the announcement of Fuji's creditors. Gox will start receiving payments in bitcoin and Bitcoin Cash next week. The world's leading #cryptocurrency has cooled off all month after an exciting start to the year when the SEC approved #Etf spot bitcoin. But today, according to CoinGecko, it fell 6.2% in the last 24 hours, dropping to a daily low of 59,962 yen. Cryptocurrency exchange Coinbase ... It is noteworthy that in this 24 hours in Mt. Fuji news, it is a big deal. Cryptocurrency liquidation across all Gox assets reached $33,000 million. Now that market sentiment was already negative due to the Federal Reserve's more hawkish stance than expected, the flood of negative news is becoming unsettling for investors, especially Fuji's creditors. Gox is expected to receive about $990 billion in bitcoin payments next week, which could turn into a disaster if it starts selling assets. Bitcoin miners are likely selling off BTC reserves as the network's hashrate has fallen 6 percent from a 24-month high to the lowest level since March 17. Read us at: Compass Investments #CryptoNews
Why Ethereum (ETH) Is Ready to Shine in the Cryptocurrency Market
Ethereum Price Forecast: Will the price of ETH reach the new ATH level by the end of the 5th month?
Historically considered a minor player compared to #ЛюбимыйТокен (BTC), #ЛюбимыйТокен (ETH) initially lagged behind the rise in #ЛюбимыйТокен prices, showing notable signs of recovery in the current cryptocurrency market cycle, and there has been no clear catalyst, but recent trends show a shift in market sentiment in favor of #eth . This is what gives Ethereum such an advantage. Has the time finally come for ETH to prove itself? Since the beginning of this bull market, ETH has been something of a mattress. Slow price swings, no clear catalysts, and a strong reaction to the rest of the market gaining momentum. ETH is on the rise! The recent price movement of Ethereum is an odd example of strengthening in the face of a storm. While the broader cryptocurrency market is struggling, Ethereum is afloat. Since the long-awaited Ethereum ETF was given the green light, its price has fallen just 8% and currently sits at $33,367. Bitcoin, on the other hand, has been less fortunate: its price has fallen nearly 60,950% to almost $BTC Dig deeper to find out why experts are whispering about the potential growth of Etherium! After a long downtrend, cryptocurrency analysts at Flow claim that Ethereum (ETH) has rebounded strongly from multi-year lows against bitcoin (BTC). If ETH maintains this upward momentum and breaks out of its historical downtrend against BTC, it could attract big players and lead to further Ethereum price gains. But speaking about the SOL/ETH trading pair, he noted that it has reached a tipping point. Solana has repeatedly tested its all-time high against ETH. However, the recent price movement suggests that SOL/ETH may be facing resistance, indicating a potential shift of bullish momentum towards other assets. In the long term, Ethereum's bullish momentum is due to the fact that ETH ETF funds have recently been approved.
Alex Lab claims Lazarus Group misused $430m BTC; conflicting reports dispute amount taken. Summary
Alex Lab, which develops the bitcoin-based DeFi blockchain protocol, said that Lazarus Group, a notorious North Korean cybercrime group, orchestrated a recent cyberattack that resulted in the loss of 4.3 million people.
The discovery was made possible after a comprehensive research conducted by #Alex Lab's team of experts in collaboration with independent #blockchain researcher ZachXBT. On Tuesday, #Alex Lab announced on social media that it has discovered 3 wallets involved in the exploits, all belonging to notorious North Korean hackers. These hackers are rumored to be supported by the North Korean government and have a number of exploits and scams on their record. The company said that with the help of ZachXBT, it has been able to gather enough evidence to link the hackers to attacks on the platform that took place in 2024-5-15. After a thorough forensic analysis and investigation supported by blockchain analyst @Zachxbt, who provided significant assistance in tracking transactions, the attack was identified by the Lazarus team. The exploit resulted in a ¥30 million theft, including ¥330 million worth of bitcoins (BTC), ¥75,000 worth of stable coins, and ¥4,430 worth of Sugar Kingdom tokens (SKO). At the time of the attack, Alex Foundation, the non-profit organization that runs the platform, said it had identified the attacker and offered a 90% reward in exchange for returning 10% of the stolen funds. The organization has set a deadline for the person responsible of 18/05. Read us at: Compass Investments #MarketInsights #CryptoAdoption