I'm only 1 word short to complete the mission and 500 points Have you already participated in WOTD Palavras Cruzadas here at Binance? Help me to release my last word, using the code CPA_003P3EB54E I will be very happy to complete this mission that runs until 01/04/2024 Is ending!
Countdown Begins For The Fourth Bitcoin Halving Event
According to BlockBeats, the fourth Bitcoin halving event is approximately seven days away, with 1,044 blocks remaining. The anticipated date for this event is April 20th, 2024. The term 'halving' refers to the process of decreasing the quantity of cryptocurrency generated per unit of time, primarily accomplished by reducing block rewards. The Bitcoin network has already experienced three such halvings in the past, specifically in the years 2012, 2016, and 2020.
The halving process is a significant event in the cryptocurrency world as it directly impacts the rate at which new Bitcoins are created. This event occurs approximately every four years, or after 210,000 blocks have been mined. The upcoming halving event is expected to further decrease the rate at which new Bitcoins are created, thereby potentially influencing the overall market dynamics of Bitcoin.
The previous halvings have had a significant impact on the Bitcoin market, with each event followed by a substantial increase in Bitcoin's price. However, it is important to note that past performance is not indicative of future results, and the impact of the upcoming halving on Bitcoin's price remains to be seen. As the date of the fourth halving approaches, the cryptocurrency community is closely monitoring the situation and its potential implications for the Bitcoin market.
🥶When you step into the trading arena, it's like a cosmic dance. You buy, and the market considers selling. You sell, and suddenly it wants to buy. It's a wild ride, isn't it? 📈📉
👉Have you ever felt that strange force pulling against your trades? I certainly have, and it's an experience that continues to this day. But here's the secret: trust your analysis, validate it on higher time frames, and fear not. 🧐💪
📌Trading requires mastering your emotions and exercising unwavering patience. Don't let your feelings sway you, and remember that patience is a virtue. 🧘♂️🕰️
🔰In the world of trading, if you don't close at a modest loss, you might find yourself in a much deeper abyss. Consider this wisdom. 💡
🧩If you found this journey intriguing and enlightening, don't forget to like, share, and follow the cosmic dance of the markets. 🌌✨ #BinanceTournament #BTC #crypto2023 #ETH #cryptocurrency $BTC $ETH $SOL Support with a Tip 🙏💰
Bitcoin Mining Stocks Outperform Tech Giants in 2023
According to CryptoPotato, Apple's Vision Pro headset announcement in June led to a 55% increase in its share price in 2023, while Amazon's stock gained 79% as its AWS division pushed for AI-focused products. However, these tech giants did not make it into the top ten by yearly returns for 2023. Instead, the top performers were all Bitcoin mining stocks, with four companies making it into Wall Street's top ten performers for the year. These companies outperformed even Bitcoin's price gains of 157% for the year, indicating a strong demand by traditional investors for a safe, regulated way to get cryptocurrency exposure into their portfolios.
The four Bitcoin mining stocks that outperformed nearly the entire market were Cipher Mining (CIFR) at number three for the entire year after gaining 1,042% in 12 months, Marathon Digital (MARA) at number four with 783% ROI, CleanSpark (CLSK) up 590% at number seven on Wall Street, and Riot Blockchain (RIOT) at number ten with one-year gains of 430%. Galaxy Digital CEO Michael Novogratz commented on the trend, stating, "Crypto stocks are trading almost like a mania."
Bitcoin mining stocks performed well in 2023 due to the rally in Bitcoin prices, the upcoming halving cycle, and the SEC's potential approval of a batch of Bitcoin ETF proposals. Other factors supporting price gains for Bitcoin mining stocks this year include surging transaction fees, development milestones, and increased hash rate capacity. For example, Cipher Mining reached 7.2 exahashes per second (EH/s) in hash power after opening a new facility in Odessa, Texas, and reported a strong Q3 balance sheet according to GuruFocus. Higher profits from the Bitcoin block reward and mining fees, along with more capital inflows from Wall Street, may allow these companies to continue investing in next-generation ASIC mining machines to stay competitive in the Bitcoin hash race as the countdown to the April 2024 halving continues.
What is the difference between buying a Bitcoin ETF or buying Bitcoin currency?
Differences between Buying a Bitcoin ETF and the Coin Directly:1. Direct Ownership vs. Indirect Possession: Buying Bitcoin directly means you own the cryptocurrency in a digital wallet. With an ETF, you own a stake in the fund that holds Bitcoin, but you do not physically own the cryptocurrency.2. Ease of Trading: ETFs are traded on stock exchanges and can be bought and sold during market opening hours. Buying Bitcoin directly usually involves using cryptocurrency platforms and facing the time restrictions of those platforms.3. Custody and Security: Buying Bitcoin directly means you need to manage the custody and security of your digital wallet. In an ETF, custody is handled by the fund manager, simplifying this responsibility for the investor.4. Real Asset Performance: When you buy Bitcoin directly, you are directly exposed to the real performance of the cryptocurrency. In the case of an ETF, the fund's performance may be affected by management fees and other costs associated with managing the fund.5. Potential Tax Benefits: Depending on the jurisdiction, purchasing Bitcoin directly may have different tax implications compared to investing in an ETF. Consulting a tax professional is advisable. In summary, the approval of a Bitcoin ETF is seen as a significant milestone towards the acceptance and integration of Bitcoin into the traditional financial system, providing greater accessibility and ease of trading for institutional and individual investors. However, differences in tax implications, security, and direct control over cryptocurrency should be considered when choosing between purchasing a Bitcoin ETF and purchasing the currency directly.
Why the euphoria surrounding the approval of the Bitcoin ETF?
The approval of a Bitcoin Exchange Traded Fund (ETF) often generates euphoria in the financial market for several reasons:
1. Accessibility for Traditional Investors: ETFs are investment vehicles that operate on stock exchanges, making Bitcoin more accessible to traditional investors who may not be familiar or comfortable with cryptocurrency exchanges. This could lead to greater participation by financial institutions and institutional investors in the Bitcoin market.
2. Ease of Trading: Unlike directly purchasing Bitcoin, which often involves creating a digital wallet and using specialized exchanges, a Bitcoin ETF can be traded in the same way as traditional shares on the stock exchange. This simplifies the investment process for many.
3. Diversification: A Bitcoin ETF allows investors to gain exposure to the price of Bitcoin without the need to physically own and store the cryptocurrency. This offers a form of diversification for portfolios of investors who want to benefit from Bitcoin's growth potential without taking a straightforward buy-and-hold approach.
4. Regulation and Supervision: Approval of a Bitcoin ETF often entails a rigorous process of regulation and oversight by financial authorities. This could boost investor confidence, especially those who are concerned about security and regulatory issues on cryptocurrency exchanges.
5. Ecosystem Growth: The introduction of a Bitcoin ETF is often seen as a sign of the maturation of the cryptocurrency ecosystem. This could attract more investors and contribute to the wider acceptance and integration of cryptocurrencies into the traditional financial system.
ORDI Token Reaches New All-Time High, Boosting Interest in Bitcoin's BRC-20 Standard
According to Decrypt, the price of ORDI, the most valuable token minted using the Bitcoin BRC-20 standard, reached a new all-time high of $81.96 on Friday. Although it has since experienced an 11% sell-off and is now trading at $73.92, it remains one of the best-performing cryptocurrencies over the past week, with a seven-day spike of 45%. The token's success reflects the continued interest in Ordinals, NFT-style inscriptions on the Bitcoin network. The Ordinals protocol was adapted to power fungible tokens via the BRC-20 standard, enabling a wave of tokens, including meme coins. ORDI was the first one minted and has a market cap of $1.55 billion, making it the largest token on Bitcoin.
Demand for ORDI is primarily speculative, but the asset also demonstrates how Bitcoin's network can be used for minting digital tokens, similar to other major blockchains. However, the Ordinals and BRC-20 craze has led to increased Bitcoin transaction fees. The average cost to send Bitcoin currently stands at $24.10, according to Bitinfocharts data. This is due to more people using the Bitcoin blockchain for Ordinals-related transactions, causing network congestion and higher costs. Some in the Bitcoin community argue that Ordinals are 'spam' and prevent people from using Bitcoin for cash transfers. Meanwhile, Bitcoin's price has fallen slightly, down 1% to $41,985.
Spot Bitcoin ETF to Be Approved in Less Than 20 Days?
The crypto market is full of anticipation as the approval window for spot Bitcoin Exchange-Traded Funds (ETFs) will open in less than 20 days. In a recent revelation by renowned crypto influencer Crypto Rover, a comprehensive list of pending spot ETF filings sheds light on the potential candidates awaiting approval from the Securities and Exchange Commission (SEC).
The Landscape of Pending Bitcoin ETFs
Crypto Rover’s tabulated screenshot reveals intriguing insights into the pending spot Bitcoin ETF applications. Among the thirteen listed, a significant twelve were submitted in the current year, underscoring the growing interest within the crypto industry to secure regulatory approval for these investment instruments.
Notably, Grayscale Bitcoin Trust stands out as the lone application submitted before 2023, representing a re-file submitted on October 19, 2021.
Grayscale’s Unique Approach
A distinctive aspect of the pending applications is Grayscale’s latest filing, which involves converting its existing Grayscale Bitcoin Trust (GBTC).
This strategic move aims to make Bitcoin more accessible to individual and institutional investors through a traditional investment avenue in the form of shares, contrasting with the direct investment model prevalent in the crypto space.
Regulatory Landscape and Deadlines
Despite the upcoming approval window, the SEC has yet to set a new deadline for Grayscale’s ETF approval following the expiration of the previous deadline on October 13. However, for most other applications, deadlines are concentrated within the first quarter of 2024. While only two applications extend into the second quarter, Pando’s submission is scheduled for consideration in Q3 2024.
Crypto Rover’s insightful post indicates that Coinbase is the custodian of choice for most proposed spot Bitcoin ETFs. Additionally, eight out of thirteen applications have selected the Chicago Board of Exchanges (CBOE) as the designated exchange to serve their intended purpose, further shaping the landscape of potential ETF offerings.
Market Anticipation
As the countdown to the approval window ticks away, crypto enthusiasts await the potential approval of spot Bitcoin ETFs. This regulatory green light could signify a pivotal moment in the market, marking the beginning of the next bull cycle. The heightened excitement is complemented by the upcoming Bitcoin halving event expected to unfold in the first quarter of 2024, setting the stage for significant developments in the crypto market in the coming months.
With the potential approval of spot Bitcoin ETFs on the horizon, the crypto community is on the edge of its seats, waiting to see if this regulatory milestone will be a game-changer for the industry. As the countdown continues, all eyes are on the SEC and the impending decisions that could shape the trajectory of the crypto market shortly.
As the year comes to an end, 2023 has indeed been a transformative year for Binance on several fronts and we couldn't have done it without you! We want to see what your #2023WithBinance looked like in exchange for some exclusive swags ✨ How to Participate: 1. Quote this post and share which trends you participated in with #2023WithBinance as a post on Binance Square. 2. Share it on your social media. We’ll pick 15 users who completes the steps above to receive an exclusive Binance year-end swag set. Activity Period: 2023-12-23 00:00 to 2023-12-31 23:59 (UTC) Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments. Terms and Conditions: 1. This activity may not be available in your region. Only KYC-verified Binance users will be eligible to participate and qualify for rewards in this activity. 2. Winners will be notified via a push notification under Creator Center > Square Assistant 21 working days after the campaign ends.
US Congressman Warren Davidson Intensifies Efforts to Oust SEC Chairman Gary Gensler
According to Coincu, US Congressman Warren Davidson is intensifying his efforts to remove Gary Gensler from his position as chairman of the Securities and Exchange Commission (SEC). Citing recent criticisms directed at the agency, Davidson emphasized the need for change in 2024. He stated that 2024 would be a great time to fire Gensler, pass the SEC Stabilization Act, hold the SEC accountable for its corruption, and end the accredited investor rule that protects deal flow for the donor class.
Davidson, a vocal critic of the SEC's handling of cryptocurrency, previously lambasted Gensler's leadership. He referenced a recent court ruling in favor of Grayscale, deeming Gensler's actions arbitrary and capricious. Recent events have added fuel to the fire, with the SEC dropping 42 cases within its administrative legal system. The agency attributed the mass dismissal to a control deficiency, acknowledging that officials in the enforcement division had accessed internal memos and drafts.
Gensler faced intense questioning from the House Financial Services Committee, with Republican lawmakers seeking explanations on the SEC's policies regarding climate-related disclosures and cryptocurrency regulation. Adding to the complexity, Davidson raised concerns about central bank digital currencies (CBDCs), labeling them a threat to Western civilization. He argued that CBDCs, by their nature, could turn currency into a tool for coercion and control, advocating for their outright ban. As the call for Gensler's removal gains momentum, the SEC finds itself under increasing scrutiny, with potential legislative changes on the horizon.
Binance Giving Free $AI Airdrop Worth $1M : Here's How To Claim
🔹What is Sleepless Ai ? Sleepless AI is an AI blockchain-based virtual companion game utilizing AIGC and LLMs to create rich story-based gameplay and organically evolving interactions with characters.$AI is the native utility token of Sleepless AI($AI) and is used for the following functions:▪️Top-up discount: $AI holders can have a top-up discount with in-game tokens.▪️In-game purchase: $AI can be exchanged for in-game tokens, which can be used to purchase clothes, accessories, upgrade cards, etc. ▪️Governance: $AI token holders can vote on gameplay governance decisions, including prioritizing in-game item upgrades (e.g upgrade accessories from SR to SSR), or to decide future Accessories/New Boyfriend Types.▪️Fee Accrual: users who stake $AI can accrue transaction fee income based on their governance weight.▪️In-game PK: used for users who stake $AI to vote for their own boyfriends/girlfriends to compete, with the winner receiving more rewards.🔹$AI Launchpool Details:🔹Token Name: Sleepless AI (AI)🔹Total Token Supply: 1,000,000,000 AI 🔹Launchpool Token Rewards: 70,000,000 AI (7% of total token supply)🔹Initial Circulating Supply: 130,000,000 AI (13% of the total token supply)🔹Smart Contract Details: AI Token (AI)🔹Staking Terms: KYC required 🔹Hourly Hard Cap per User: ▪️33,333.33 AI in BNB pool▪️4,166.66 AI in FDUSD pool▪️4,166.66 AI in TUSD pool🔹 How To Join Binance Launchpool? Binance Launchpool allows users to acquire new token rewards by staking BNB, FDUSD, and other tokens on the platform.1. Log in to your Binance account and click the navigation button - [Launchpad].2. Then, scroll down to find [Launchpool] and the list of available and completed projects.3. You can also access Launchpool by clicking[Finance] - [Binance Earn].4. Scroll down and click [View More] under [Launchpool].🔹How to participate in a new project?1. Let’s take Flamingo (FLM) as an example. On the Launchpool page, you can see the available staking options for farming FLM. For example, [Flamingo BNB] means that you can stake BNB to farm FLM. Click [Stake Now] to participate.2. Here you can see the project reward information and the estimated annual percentage yield (APY).3. [My Funds] shows your staked assets. [Available] shows the available balance for staking in your Spot Wallet. If you do not hold any BNB, you can click [Buy BNB].You can then click [Stake] to stake BNB to farm FLM. Your assets can be redeemed any time by clicking [Redeem]. To view your staking records, click [Staking History].4. [My Rewards] shows your unclaimed earned rewards, which are updated every hour. You can click [Claim Rewards] to claim the earned tokens to your Spot Wallet any time you wish. To view the claimed rewards or distribution history, click [Claim History].🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹The Joining Process is the Actual offical post from Binance, the article is represented here just for information purposes. Names are taken only for information not for any investment purposes 🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹✖️ More Alpha, Join Us, Follow Us, Share Us ✖️ @Techandtips123 #sleeplessAi #launchpool
Have you participated in Red Packet today? Leave your code in the comments, let's come together and help. For everyone to have a happy end of the year with more $$$ to invest. Let's use this space to share the codes. Doubts? Leave it in the comments and I'll try to help $BNB $XRP $BTC My code S9AIYY79
A famous fell-bought, continues as normal.$BTC $SOL $XRP
Binance News
--
Bitcoin Slumps to $42.2K as Solana Recovers from 20-Month Highs
According to Cointelegraph: Bitcoin is witnessing a downturn with its price dipping to $42.2K on Dec. 26, with analysts attributing its continued weakness to seasonal trends. However, Solana and Binance Coin seem to be bucking the trend with robust performances even in this slump.
BTC/USD 1-hour chart. Source: TradingView
BTC plunged 2% on the day to hit its lowest in nearly a week at $42,200. The crypto markets have struggled to display any significant upswing over the Christmas period, and Bitcoin bulls did not experience any holiday surprise or Santa rally.
Trading resource Material Indicators cited year-end profit taking and tax loss harvesting as potential factors contributing to this headwind for Bitcoin bulls. Additionally, they highlighted the 21-day simple moving average that stood at $43,115, which is around $400 above the spot price. This period is critical as Bitcoin has been using the 21-day trendline as support over the recent months.
BTC/USD 1-day chart with 21MA. Source: TradingView
While Bitcoin and Ethereum struggled, Binance Coin and Solana showed significant weekly gains. Binance Coin and Solana were up by 19.5% and 56.8% over the past week, respectively, while Ethereum was marginally up by just 1.6%. Solana's impressive performance is credited to increased gas fees and airdrops, hitting nearly $126 on Christmas Day, its highest since April 2022.
BTC/USDT order book liquidity data. Source: Material Indicators/X
Notably, traders have been predicting a brighter phase for altcoins as Bitcoin continues to lose momentum. Michaël van de Poppe, founder and CEO of the trading firm MN Trading, mentioned a noteworthy trend change for the overall altcoin market cap, indicating that Q1 might bring a 2x on the Altcoin market capitalization.
Is Athene Network trustworthy? Many profiles are sharing this Application, but with half information or hiding some. I downloaded it last night to test it and read the website to understand the project. The idea and the project are good on paper, there is still a lot to do, but you have to keep one thing in mind, it is a long-term project, lasting at least 6 months and it can go wrong. So if you want quick money, this isn't what you're going to get, perhaps the quickest option is to invest in #BTC But if you like to invest in new projects, even if it takes time, it could be a good idea. In short, the project is like a social network, which captures data to offer advertisements and can sell this data to other companies. The difference is that it will take this data from the applications you have on your phone (it is not a social network, but it will collect everything you do on your cell phone) and mine it, grouping it into blocks. Through these blocks they will be sold to companies and advertisers, so the GEM token that you earn in the application is the data already collected. Always keep in mind "Cows don't give milk, you have to take it" Study, read a lot and don't fall hostage to $BTC $BNB $SOL scams #binancechristmas #binancesquare #BinanceTournament #AtheneNetwork
If you decide to use the app, use my referral code and earn GEM Code: c3cc854653
The Digital Financial Revolution Cryptocurrencies represent a revolution in the financial system, introducing concepts such as decentralization, cryptographic security and financial autonomy. Here are ways cryptocurrency investments can transform lives: * Exponential Growth Potential: - Cryptocurrencies such as Bitcoin and Ethereum have shown notable gains over time. Investors who got in early had the opportunity to reap significant benefits. * Global Financial Access: - Cryptocurrencies allow people around the world to access financial services without relying on traditional institutions. This is particularly impactful in regions with limited banking infrastructure. * Innovation in Decentralized Finance (DeFi): - DeFi platforms offer financial services without the need for intermediaries such as banks. This includes lending, staking, and even earning interest on cryptocurrencies, providing unique opportunities for investors.
The Known Stability While cryptocurrencies represent an innovative narrative, savings remain a traditional option for many. Let’s see how savings can impact people’s lives: * Security and Stability: - Savings are known for their stability. Deposits at traditional financial institutions are usually backed by government insurance, providing a sense of security. * Immediate liquidity: - Savings offers immediate liquidity. Funds can be withdrawn easily without the volatility associated with cryptocurrencies. * Conservative Mentality: - For those who prefer a more conservative financial approach, savings provide a safe and predictable strategy. Conclusion: Balance May Be Key Both cryptocurrency and savings options have their place in the financial world. The key is to find a balance that meets your financial goals and your risk tolerance.
Investing in cryptocurrencies can be risky due to their volatile nature and the still-developing market. Although some people have made large profits from cryptocurrencies, it is important to remember that these investments can also result in significant losses.
Before investing in cryptocurrencies, it is crucial to conduct in-depth research, understand the underlying principles of cryptocurrencies, and be aware of the risks involved. Some important tips include:
1. Only invest money you can afford to lose: Never invest funds that are essential to your life or that you cannot afford to lose.
2. Diversify your investments: Avoid putting all your money in a single cryptocurrency; Spread your investments to reduce risks.
3. Use reliable platforms and brokers: Research and choose renowned and safe brokers to carry out your transactions.
4. Be aware of industry news: The cryptocurrency market is influenced by news and events, so stay up to date to make informed decisions.
5. Consider consulting a financial professional: A financial advisor can help evaluate your financial goals and determine whether investing in cryptocurrencies is appropriate for your specific situation.
Remember that cryptocurrencies can rise or fall in value quickly, so be prepared to deal with market fluctuations. The cryptocurrency market is still relatively new and can be unpredictable, so it is important to make decisions prudently and aware of the risks involved.