๐ฅAdvice๐ฅ Don't fall in love with the coins (cryptos) you came here to make money and also to lose. Use money that you don't mind losing. Like everything in life, you WIN and you LOSE.
BERA: The Future of Cryptocurrency or Just Another Fad?
The crypto world is always changing, and keeping up with token distribution and community engagement is like trying to chase the wind. Enter the BERA token, an essential cog in the Berachain machine. Today, I want to break down its functions, the implications of its distribution, and the roller coaster we might ride with its unlocking events. In the end, you'll see how community-driven projects can foster loyalty or become a nightmare.
Crypto Czar David Sacks Announces End to Restrictions in the United States
On February 4, 2025, David Sacks, recently appointed โCzarโ of cryptocurrencies and artificial intelligence (AI) by the Trump administration, made a resounding announcement during a historic conference. In front of an audience of investors, entrepreneurs, and regulators, he declared the end of the โpersecutionโ of the crypto industry in the United States, a major turning point for the sector.
A New Era for Crypto in the United States
For several years now, the crypto industry has been facing an uncertain and often hostile regulatory framework in the United States. Under the previous administration, several crypto companies had been sued for alleged violations of securities laws, and regulators had multiplied sanctions against exchange platforms and DeFi projects. This situation had led numerous companies to establish themselves abroad, slowing down innovation in the country.
David Sacks thus announced a complete restructuring of US policy towards cryptocurrencies, stating that the era of excessive restrictions and arbitrary legal actions was over. โWe want America to once again be a world leader in blockchain innovation,โ he declared.
Concrete measures to encourage innovation In his speech, David Sacks outlined several measures aimed at relaxing crypto regulation and encouraging investments in the sector. These include:
The creation of a clear framework for digital assets, differentiating cryptocurrencies from traditional financial securities.
The end of lawsuits against some crypto companies accused of minor regulatory violations.
The implementation of a regular dialogue between companies in the sector and federal authorities.
Latin America Received Nearly $415 Billion in Cryptocurrency in 12 Months
Cryptocurrency usage in Latin America is growing rapidly, making it the second region with the highest global growth rate, up 42.5%.
Crypto adoption in Latin America is on the rise, according to an analysis by the Chainalysis team. Between July 2023 and June 2024, the region moved nearly $415 billion in cryptocurrencies, with Argentina, Brazil, and Venezuela standing out. The study shows how crypto assets, especially stablecoins, are being used to combat inflation and facilitate international transactions, highlighting the growing role of digital technology in the region's economic landscape.
Latin America is the fifth-largest region the team studied, accounting for 9.1% of the value of cryptocurrencies received between July 2023 and June 2024. During this period, the region received nearly $415 billion in cryptocurrencies, placing it slightly above East Asia.
Bitwise: Trump's crypto order could disrupt Bitcoin's 4-year cycle
Bitwise's Matt Hougan said cryptocurrencies would not "completely outperform" a four-year cycle, but claimed market pullbacks would be "shorter and shallower" than before.
US President Donald Trump's recent executive order on cryptocurrencies could disrupt the four-year boom-bust cycle that the crypto market has experienced over the past decade, according to Bitwise chief investment officer Matt Hougan.
Trump's sweeping January 23 executive order, along with changes to the Securities and Exchange Commission (SEC), has ushered in โthe full integration of cryptocurrencies into the financial system,โ allowing banks and Wall Street to โaggressively move into the sector,โ Hougan said in a note published on January 29.
He added that cryptocurrency exchange-traded funds (ETFs) are already large enough to attract billions of new investors, but said he was convinced that Trump's executive order, which seeks to explore the creation of a digital asset reserve and draw up a regulatory framework, "will bring in trillions."
If you see on social media a person showing the large amounts they earn with cryptocurrencies and then says they will teach you how to do it, don't pay attention, they are just a snake oil salesman. And you are the one who will make them rich.
Trump-Inspired Memecoins Gain Adherents on BNB Chain
Binance Chain's BNB Chain Releases Simple Memecoin Creation Guide as Trump-Inspired Tokens Spark Investor Interest and Legal Debates
BNB Chain, a layer-1 blockchain created by cryptocurrency exchange Binance, has introduced a seven-step guide to reduce technical barriers to memecoin creation.
On Jan. 24, Changpeng "CZ" Zhao, founder and former CEO of Binance, revealed in an X post a guide that simplifies memecoin creation on BNB Chain.
In the guide, BNB Chain shared "actionable steps and strategies" to successfully launch a memecoin. Speaking to Cointelegraph, a BNB Chain spokesperson said that BNB Chain's memecoin solution is comprised of multiple projects to support anyone from individuals to businesses.
"This can include anyone from Web3 developers who are interested in creating and deploying tokens using tools like Four.Meme or Pinksale or business owners with no prior knowledge of Web3 looking for new business opportunities, to public figures including political leaders or celebrities who want to provide engagement through memecoins," he added.
Donald Trump signs executive order for cryptocurrency task force
The group created by the executive order will study federal regulations for stablecoins and a possible national stock of digital assets.
The President of the United States, Donald Trump, has signed his first executive order that could affect users in the cryptocurrency sector and industry leaders, something many expected during his early days in office.
In a televised speech from the Oval Office on January 23, Trump appeared alongside his โczar of AI and cryptocurrenciesโ, David Sacks, who explained the executive order to the President of the United States. According to Sacks, the EO established an โinternal task force to make the United States the global capital of the cryptocurrency sector,โ with him leading this effort.
The President of the United States stated that Sacks was going to โmake a lot of moneyโ with the executive orders on AI and cryptocurrencies. According to the text of the order on cryptocurrencies, Trump's directive revoked an EO from March 2022 by former President Joe Biden that instructed U.S. government agencies to establish a regulatory framework for the cryptocurrency sector.
The order prohibited โthe establishment, issuance, circulation, and useโ of a central bank digital currency (CBDC) in the United States and requested the task force to study the possible creation and maintenance of a national cryptocurrency reserve and a regulatory framework for stablecoins.