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EARN ā¬225 ON BINANCE WITHOUT INVESTMENT š„š
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How to take part:
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1. Comment and Tag: Reply to the official @binanceES post with a comment expressing your excitement about the giveaway. Don't forget to tag two of your friends (let's call them) encouraging them to join in the excitement.
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3. Use hashtags: In your comment, include the hashtags#BitcoinETFand#CryptoGiveawayto connect with the broader crypto community and share your excitement.
Why participate?
It is about taking a step towards understanding and experiencing the innovative world of cryptocurrencies. Binance, as a leading platform in the crypto space, is organizing this event to engage and educate users about the possibilities within this financial sphere.
Don't miss this golden opportunity to earn ā¬225 on Binance without any investment. Interact with the @binanceES community, tag your friends, and share the excitement on your Binance Square feed. #BTC#etf
The largest American cryptocurrency exchange Coinbase has confirmed a leak of user data, estimating the damage at $400 million. Market participants call this a serious reputational blow for the platform and an attack on privacy, prompting traders to seek solutions outside centralized exchanges.
Information about security issues and theft of user funds from Coinbase clients has been published for about a year. In particular, this has been repeatedly reported by the well-known crypto detective ZachXBT, who regularly points to attacks using social engineering and SIM card swapping. These attack vectors have largely allowed criminals to steal millions of dollars in cryptocurrency.
"Given the information about the large sums allocated by Coinbase for resolving the incident and compensating clients, this is a serious reputational story for the exchange, and for the crypto community, it is yet another blow to the privacy of collected data."
Before delving into the details, it is important to understand the key terms used in cryptocurrency futures trading: Futures contract: an agreement to buy or sell a specific amount of cryptocurrency in the future at a predetermined price. These contracts are traded on specialized exchanges and have standard terms, such as expiration date and contract size.
54,297 unique users write about Bitcoin ā this asset ranks #1 in terms of mentions and actions in collected publications. Over the last 24 hours, the average sentiment towards Bitcoin across all social networks is 84 out of 100. Finally, Bitcoin has been mentioned less frequently in the news: the number of publications about Bitcoin totaled 670. On Twitter, the sentiment towards Bitcoin is predominantly "bullish." The share of tweets with a "bullish" sentiment towards Bitcoin is 51.77%, with "bearish" sentiment at 8.38%. The share of tweets about Bitcoin with a neutral sentiment is 48.23%. The statistics are calculated based on 82,557 tweets. On Reddit, the cryptocurrency Bitcoin was mentioned in 8,781 publications. The number of comments about Bitcoin is 133,156. In publications on Reddit, there were on average fewer votes "for" than "against," while in comments there were more votes "for" than "against."
The comparison of Bitcoin to gold is partly due to its relative scarcity. Like the limited supply of the precious metal, the Bitcoin blockchain is designed to automatically slow the pace of new coin creation through approximately four-year cycles, or the so-called halving. As a result, there will only be 21 million BTC in circulation.
With the arrival of the new administration in the U.S. and after Donald Trump took office as president, not only cryptocurrency experts began to note the similarity of Bitcoin to gold, but also officials. For example, Fed Chairman Jerome Powell stated that people use Bitcoin as virtual, digital gold, and do not use it as a payment method or a means of saving, noting that the leading cryptocurrency is "not a competitor to the dollar, it is a true competitor to gold." In the decree by U.S. President Donald Trump on March 6, describing the intention to create a government reserve of Bitcoin and other cryptocurrencies, it is also noted that "due to its rarity and security, Bitcoin is often referred to as 'digital gold.'"
A futures contract is a financial contractual obligation for the buyer to acquire assets (or for the seller to sell assets), functioning similarly to corresponding transactions with physical products or financial instruments, on a predetermined sale date and at an agreed-upon price. Futures contracts detail the quality and quantity of the underlying assets; they are standardized to facilitate trading on the futures exchange. Some futures contracts may have requirements for the physical delivery of the asset, while others are simply settled in cash. The futures market is characterized by the ability to utilize a very wide range of leverage compared to equity markets.
Futures can be used for hedging or speculating on the price movement of the underlying asset. For example, a grain producer may use futures to lock in a certain price and reduce risks (hedging). On the other hand, anyone can speculate on the price change of grain using short or long futures.
According to Circle, each USDC "coin" is backed by a dollar held in reserve at Silicon Valley Bank, or by other "approved investments." In June 2021, the wording on Circle's website changed from "backed by U.S. dollars" to "fully backed by reserve assets." The conversion of U.S. dollars to USDC occurs in three stages: The user sends U.S. dollars to the coin issuer's bank account. The issuer uses a smart contract to create an equivalent amount of USDC. USDC is sent to the user, and the received U.S. dollars are held in reserve. The redemption of USDC for U.S. dollars occurs in the reverse order. USDC reserves are regularly attested (but not audited) by Grant Thornton LLP. Monthly attestations can be found on the Center Consortium website.
$ETH Unlike other cryptocurrencies, the authors do not limit the role of Ether to payments, but offer it, for example, as a means for resource exchange or for registering transactions with assets using smart contracts; in particular, the authors called Ether the 'crypto-fuel' for executing smart contracts in a peer-to-peer network.
#MastercardStablecoinCards Payment system is a set of rules, procedures, and technical infrastructure that ensures the transfer of value from one economic entity to another. Payment systems are one of the key components of modern monetary systems. Payment systems serve as a substitute for cash transactions in conducting domestic and international payments and are one of the basic services provided by banks and other specialized financial institutions.
#EthereumSecurityInitiative Cryptocurrency is similar to a digital form of cash. With it, you can pay for dinner with friends, buy that new pair of socks youāve had your eye on š, or book flights āļø and hotels šØ for vacation. Since cryptocurrency is in digital form, it can also be sent to friends and family anywhere in the world.
Just like PayPal or bank transfers, right? Well, almost. Only much more interesting! The thing is, all traditional online payment gateways are owned by some organizations. They provide a service for storing and transferring funds.
In the case of cryptocurrencies, you can use free software to send funds directly to other users, without intermediaries. You, your friends, and thousands of others donāt need an organization. You are your own bank!
To use cryptocurrency, you donāt need to register on a website using an email address and password. Just download an app on your smartphone, and youāll be able to send/receive funds in minutes.
Meme coins account for 41% of the AI cryptocurrency market, but DeFAI is gaining traction.
Binance Research has released a report on the DeFAI sector, highlighting key trends in this important area. The document focuses on four main directions related to AI agents. The report shows that meme coins currently dominate the AI cryptocurrency market; however, DeFAI is rapidly gaining momentum.
Many cryptocurrencies exhibit significant volatility as the industry is still in its formative stage. Quite a number of people are already using cryptocurrency in their daily lives, and the price of it will rise stronger the more people use digital assets to pay for goods and services, rather than just holding them (there's even a separate term for this phenomenon called 'holding' - from English, "hold"). Scarcity is also an important factor. For example, according to the Bitcoin protocol, a total of 21 million BTC can be mined. Thus, as more and more people enter the world of cryptocurrencies, the scarcity of Bitcoin increases, and the price rises. Another factor affecting price fluctuations is large accounts that hold significant volumes of a particular cryptocurrency. They are also referred to as 'whales'. Any decision they make regarding the sale or purchase of cryptocurrency can influence the quotes. Additionally, passive holding of such huge reserves can itself impact the market.