Glysolid
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Binance Square Official
--
Share Your Trades and Split $4,500 USDC Rewards!
We are excited to introduce our new Trade & PNL Sharing feature on Binance Square! With this feature, users can now share their trading performance with just one click. To celebrate, we are launching a limited-time campaign where you can share in a $4,500 USDC prize pool.
Campaign Period: 2025-01-08 00:00 to 2025-01-16 59:59 (UTC)
How to Participate:
Ensure you have updated your Binance app to the latest version (at least v2.93).Simply make a short post on Binance Square using one of following three types of widgets. Each post must contain more than 50 characters.Daily or 30-Day Account PNLAccount Portfolio DistributionSpot or Futures trades from the last 7 days
Reward:
Eligible creators can share in the $4,500 USDC prize pool. There are three sub-prize pools, one for each type of widget. You can maximize your chances by making three separate posts using each of the different widgets.
Join us in celebrating this new feature and earn rewards by sharing your trading journey. We can't wait to see your posts and celebrate your successes!
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure you have updated your app to at least version (at least v2.93) to access to the new feature on app.Content pieces that are deleted during the campaign period or duplicated will not qualify. The individual cap per eligible creator received is 10 USDC.Rewards will be distributed in the form of token vouchers to eligible users within 21 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. All content on Binance Square is presented on an “as is” basis for information purpose only (without representation or warranty). Binance Square includes content posted by third parties, which shall not be construed as an endorsement by Binance of such views. No content shall be construed as financial advice. See our Terms of Use for more information.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.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 activity, 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.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
Campaign Period: 2025-01-08 00:00 to 2025-01-16 59:59 (UTC)
How to Participate:
Ensure you have updated your Binance app to the latest version (at least v2.93).Simply make a short post on Binance Square using one of following three types of widgets. Each post must contain more than 50 characters.Daily or 30-Day Account PNLAccount Portfolio DistributionSpot or Futures trades from the last 7 days
Reward:
Eligible creators can share in the $4,500 USDC prize pool. There are three sub-prize pools, one for each type of widget. You can maximize your chances by making three separate posts using each of the different widgets.
Join us in celebrating this new feature and earn rewards by sharing your trading journey. We can't wait to see your posts and celebrate your successes!
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure you have updated your app to at least version (at least v2.93) to access to the new feature on app.Content pieces that are deleted during the campaign period or duplicated will not qualify. The individual cap per eligible creator received is 10 USDC.Rewards will be distributed in the form of token vouchers to eligible users within 21 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. All content on Binance Square is presented on an “as is” basis for information purpose only (without representation or warranty). Binance Square includes content posted by third parties, which shall not be construed as an endorsement by Binance of such views. No content shall be construed as financial advice. See our Terms of Use for more information.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.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 activity, 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.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
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Binance Academy
--
What Are CryptoPunks?
TL;DR
CryptoPunks are collectible pieces of crypto art, represented by NFTs on the Ethereum blockchain. There are 10,000 small, 8-bit-style punks, all with unique features. As one of the first famous NFT projects, they inspired a lot of crypto artists and even the development of the ERC-721 token standard for digital collectibles. The project became more popular in 2021 after some CryptoPunks were sold for millions of dollars, making them some of the most expensive NFTs.
Introduction
At first glance, these small, pixelated faces in tiny squares don’t look particularly special. Some are smoking pipes. Others have hats. Some are even aliens. But looks can be deceiving when it comes to NFTs.
Just owning one of these funny-looking punks could probably buy you anything from a small apartment to a vast mansion. Limited to 10,000, these 8-bit-style CryptoPunks are a collection of NFTs that are currently in huge demand. They don’t fight, stake, or do anything other than be the little punks they are. CryptoPunks also happens to be one of the first NFT projects to have existed.
Who created CryptoPunks?
CryptoPunks is the brainchild of New York-based Larva Labs, founded by Matt Hall and John Watkinson. The project began in 2017 as an experiment into the value of NFTs and art, ultimately helping to popularize what we know as crypto art today.
They are a type of cryptocurrency but quite different from Bitcoin or BNB. All 10,000 of the punks are unique NFTs on the Ethereum blockchain. 3840 are female, 6039 are male. We also have a few apes, aliens, and zombies in the mix too.
A combination of different attributes mixed together makes sure each one of the 10,000 is entirely unique.
The punks were initially available and distributed for free. All you had to do to get one was pay the associated Ethereum transaction fee.
The popularity of these artworks has skyrocketed since then, along with NFTs in general. Christie’s auction house is even auctioning off collections with estimates that run into the millions.
This pale-looking alien punk with a headband currently holds the record for the highest-selling CryptoPunk at 4200 ETH, roughly $7.58 million at the time of sale in March 2021. In the second place, we have CryptoPunk #7804, which was sold for the same amount of ETH (roughly $7.57 million at the time of sale). The difference is due to rising ETH prices.
In terms of NFTs in general, these two are the second and third most expensive non-fungible tokens ever sold to date. Beeple’s EVERYDAYS: THE FIRST 5000 DAYS currently takes spot number one, selling for $69,346,250.
How do CryptoPunks work?
At the time of the project launch, the ERC-721 token protocol that is now used for NFTs didn’t even exist. Larva Labs had to work with what they had: ERC-20.
In a punk fashion, the team ended up modifying the ERC-20 code just enough to produce non-fungible items, acting as an inspiration for the ERC-721 development shortly after.
If we look at the token on Etherscan, we can see the Max Total Supply of 10,000. Although the punks show as ERC-20, they are not identical tokens.
You can determine the authenticity of each CryptoPunk by hashing its reference image and comparing it to a specific image hash in the token’s contract.
As the images are too large to be stored on the blockchain, Larva Labs created a composite image containing all 10,000 punks. A hash of this is present in the CryptoPunks token contract.
How do you know which one you have, though? Well, each punk’s token contains metadata that refers to its position in the composite image. For instance, CryptoPunk #7804 is the 7804th punk in the large, composite image.
Where can I buy CryptoPunks?
Along with designing the CryptoPunks themselves, Larva Labs also created their own marketplace on the CryptoPunks website. That’s where users make bids, buy, and sell CryptoPunks. You can interact with the marketplace by installing and connecting your MetaMask.
CryptoPunks have also made their way onto OpenSea, a leading NFT marketplace on Ethereum. These pixel punks are a little different, however. They have been wrapped into ERC-721 tokens so that they are tradable on NFT marketplaces.
An ERC-721 CryptoPunk can be easily converted back into its original ERC-20 form. The wrapping and unwrapping processes take place on Wrapped PUNKS and can be done with a MetaMask wallet containing a CryptoPunk.
Closing thoughts
While they’re no longer unique when it comes to NFTs, CryptoPunks at one time were pioneers in pure artistic value on the blockchain. Unlike CryptoKitties, which has gamification elements, each individual punk is nothing more than a simple image. You can still see their massive popularity with the number of projects directly inspired by CryptoPunks.
CryptoPunks are collectible pieces of crypto art, represented by NFTs on the Ethereum blockchain. There are 10,000 small, 8-bit-style punks, all with unique features. As one of the first famous NFT projects, they inspired a lot of crypto artists and even the development of the ERC-721 token standard for digital collectibles. The project became more popular in 2021 after some CryptoPunks were sold for millions of dollars, making them some of the most expensive NFTs.
Introduction
At first glance, these small, pixelated faces in tiny squares don’t look particularly special. Some are smoking pipes. Others have hats. Some are even aliens. But looks can be deceiving when it comes to NFTs.
Just owning one of these funny-looking punks could probably buy you anything from a small apartment to a vast mansion. Limited to 10,000, these 8-bit-style CryptoPunks are a collection of NFTs that are currently in huge demand. They don’t fight, stake, or do anything other than be the little punks they are. CryptoPunks also happens to be one of the first NFT projects to have existed.
Who created CryptoPunks?
CryptoPunks is the brainchild of New York-based Larva Labs, founded by Matt Hall and John Watkinson. The project began in 2017 as an experiment into the value of NFTs and art, ultimately helping to popularize what we know as crypto art today.
They are a type of cryptocurrency but quite different from Bitcoin or BNB. All 10,000 of the punks are unique NFTs on the Ethereum blockchain. 3840 are female, 6039 are male. We also have a few apes, aliens, and zombies in the mix too.
A combination of different attributes mixed together makes sure each one of the 10,000 is entirely unique.
The punks were initially available and distributed for free. All you had to do to get one was pay the associated Ethereum transaction fee.
The popularity of these artworks has skyrocketed since then, along with NFTs in general. Christie’s auction house is even auctioning off collections with estimates that run into the millions.
This pale-looking alien punk with a headband currently holds the record for the highest-selling CryptoPunk at 4200 ETH, roughly $7.58 million at the time of sale in March 2021. In the second place, we have CryptoPunk #7804, which was sold for the same amount of ETH (roughly $7.57 million at the time of sale). The difference is due to rising ETH prices.
In terms of NFTs in general, these two are the second and third most expensive non-fungible tokens ever sold to date. Beeple’s EVERYDAYS: THE FIRST 5000 DAYS currently takes spot number one, selling for $69,346,250.
How do CryptoPunks work?
At the time of the project launch, the ERC-721 token protocol that is now used for NFTs didn’t even exist. Larva Labs had to work with what they had: ERC-20.
In a punk fashion, the team ended up modifying the ERC-20 code just enough to produce non-fungible items, acting as an inspiration for the ERC-721 development shortly after.
If we look at the token on Etherscan, we can see the Max Total Supply of 10,000. Although the punks show as ERC-20, they are not identical tokens.
You can determine the authenticity of each CryptoPunk by hashing its reference image and comparing it to a specific image hash in the token’s contract.
As the images are too large to be stored on the blockchain, Larva Labs created a composite image containing all 10,000 punks. A hash of this is present in the CryptoPunks token contract.
How do you know which one you have, though? Well, each punk’s token contains metadata that refers to its position in the composite image. For instance, CryptoPunk #7804 is the 7804th punk in the large, composite image.
Where can I buy CryptoPunks?
Along with designing the CryptoPunks themselves, Larva Labs also created their own marketplace on the CryptoPunks website. That’s where users make bids, buy, and sell CryptoPunks. You can interact with the marketplace by installing and connecting your MetaMask.
CryptoPunks have also made their way onto OpenSea, a leading NFT marketplace on Ethereum. These pixel punks are a little different, however. They have been wrapped into ERC-721 tokens so that they are tradable on NFT marketplaces.
An ERC-721 CryptoPunk can be easily converted back into its original ERC-20 form. The wrapping and unwrapping processes take place on Wrapped PUNKS and can be done with a MetaMask wallet containing a CryptoPunk.
Closing thoughts
While they’re no longer unique when it comes to NFTs, CryptoPunks at one time were pioneers in pure artistic value on the blockchain. Unlike CryptoKitties, which has gamification elements, each individual punk is nothing more than a simple image. You can still see their massive popularity with the number of projects directly inspired by CryptoPunks.
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Magician
Binance Academy
--
What Is Magic Eden (ME)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
Magic Eden is a marketplace for non-fungible tokens (NFTs) that supports multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin.
The Magic Eden platform offers a Launchpad for new NFT projects and customizable royalties, making it easier for creators to mint and monetize their work.
The ME token is an important part of the Magic Eden ecosystem. It can be used for governance, trading fee discounts, access to exclusive collections, and more.
In December 2024, Magic Eden announced a large airdrop to active users. In this article, we will go through the details of the airdrop, show you how to check if your wallet is eligible, and how to claim your ME tokens.
What Is Magic Eden?
Magic Eden, often called ME, is a marketplace where you can buy, sell, and even launch NFTs (non-fungible tokens). It started out on the Solana blockchain but has expanded to include Ethereum, Polygon, and Bitcoin. This move to support multiple blockchains makes it easier for a wider range of creators and collectors to get involved while keeping things simple and user-friendly.
What Can You Do on Magic Eden?
Magic Eden is essentially a hub for all things NFT. It’s built to be fast, cost-effective, and easy to navigate. Let’s take a closer look at its major offerings.
Launchpad for new NFT projects
The Launchpad feature is designed for creators who want to mint and promote their NFT projects. It simplifies the process, helping creators reach more people and connect with collectors.
A marketplace for trading
If you’re looking to buy or sell NFTs, Magic Eden has you covered. It’s built to make trading straightforward, whether you’re new to NFTs or a seasoned collector.
Customizable royalties
For creators, Magic Eden lets you set up royalties, which is essentially a percentage you earn every time your NFT is resold. This ensures you keep earning from your work over time.
Multichain compatibility
Magic Eden supports NFTs across multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin. This means users aren’t limited to a single blockchain and can explore a wider variety of projects.
How Does Magic Eden Work?
Magic Eden leverages the underlying blockchain technology of Solana and other chains to facilitate quick, low-cost transactions. Users interact with the marketplace via crypto wallets, such as Trust Wallet or Phantom. Whether minting a new NFT, purchasing an existing one, or trading across collections, Magic Eden offers an easy and simple way to do it.
The ME Token
Magic Eden’s native cryptocurrency, the ME token, has various use cases within the ecosystem:
Governance: Holders of ME tokens can participate in decisions regarding platform updates or community policies.
Utility: The token can be used for trading fee discounts and exclusive access to specific features or NFT collections.
Rewards: Magic Eden distributes ME tokens as incentives for platform activity, such as trading or campaign engagement.
According to the official channels, ME tokenomics are designed to reward active participation while saving resources for community initiatives and partnerships. The idea is to create a sustainable ecosystem for users and contributors.
Binance listing
On December 10, 2024, Binance listed Magic Eden (ME) with the Seed Tag applied. Binance applies the Seed Tag to projects that are relatively new and may present higher volatility risks when compared to other listed assets. At launch, the spot trading pairs available were ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY.
Magic Eden (ME) Airdrop
Magic Eden has introduced an airdrop campaign to reward its active community members with ME tokens.
The airdrop is designed to distribute ME tokens to users who have contributed to the platform through activities like NFT trading, NFT launchpad minting, cross-chain token swaps, and Runes trading.
Eligible users were defined based on their interaction history with Magic Eden, with higher rewards for those who have been actively involved in the marketplace.
The airdrop is part of Magic Eden's strategy to strengthen its ecosystem. By rewarding active users, their goal is to build loyalty while increasing the adoption of the ME token as a utility and governance asset.
Magic Eden airdrop details
Claim window: December 10, 2024, at 2:00 PM (UTC) to February 1, 2025, at 11:00 PM (UTC).
Official contract address: MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u (Solscan)
Claim page: mefoundation.com. Be careful with fake websites and scams. Make sure to only visit the official pages.
How to claim the Magic Eden airdrop?
To check your eligibility and claim your airdrop, you have to connect all of your eligible wallets to the official page before finishing the process on the Magic Eden mobile app.
If you don’t have the Magic Eden app, you have to download, install it, and import the crypto wallet you used on the Magic Eden platform. If you already have the app, follow these steps:
Go to mefoundation.com and click the [Claim $ME] button.
Next, click [Check Eligibility].
Scan the QR code using your Magic Eden app and connect your eligible wallets. You can connect multiple wallets.
Check the terms and conditions. If you agree and are not from a restricted country, check the box to continue.
On the next screen, you can link multiple wallets to check which ones are eligible for the airdrop.
The final step is to claim your airdrop using the Magic Eden app, which is available for iOS and Android. You will need some SOL in your wallet to pay for gas fees when claiming your airdrop.
Closing Thoughts
Magic Eden is a user-friendly NFT marketplace that supports multiple blockchains like Solana, Ethereum, Polygon, and Bitcoin. It offers features like a Launchpad for new projects, easy trading, customizable royalties, and the ME token for governance and rewards. The platform aims to make NFT buying, selling, and launching simple and accessible for everyone.
Further Reading
How to Set Up a Crypto Wallet
What Is Solana (SOL)?
What Is An NFT?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
Magic Eden is a marketplace for non-fungible tokens (NFTs) that supports multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin.
The Magic Eden platform offers a Launchpad for new NFT projects and customizable royalties, making it easier for creators to mint and monetize their work.
The ME token is an important part of the Magic Eden ecosystem. It can be used for governance, trading fee discounts, access to exclusive collections, and more.
In December 2024, Magic Eden announced a large airdrop to active users. In this article, we will go through the details of the airdrop, show you how to check if your wallet is eligible, and how to claim your ME tokens.
What Is Magic Eden?
Magic Eden, often called ME, is a marketplace where you can buy, sell, and even launch NFTs (non-fungible tokens). It started out on the Solana blockchain but has expanded to include Ethereum, Polygon, and Bitcoin. This move to support multiple blockchains makes it easier for a wider range of creators and collectors to get involved while keeping things simple and user-friendly.
What Can You Do on Magic Eden?
Magic Eden is essentially a hub for all things NFT. It’s built to be fast, cost-effective, and easy to navigate. Let’s take a closer look at its major offerings.
Launchpad for new NFT projects
The Launchpad feature is designed for creators who want to mint and promote their NFT projects. It simplifies the process, helping creators reach more people and connect with collectors.
A marketplace for trading
If you’re looking to buy or sell NFTs, Magic Eden has you covered. It’s built to make trading straightforward, whether you’re new to NFTs or a seasoned collector.
Customizable royalties
For creators, Magic Eden lets you set up royalties, which is essentially a percentage you earn every time your NFT is resold. This ensures you keep earning from your work over time.
Multichain compatibility
Magic Eden supports NFTs across multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin. This means users aren’t limited to a single blockchain and can explore a wider variety of projects.
How Does Magic Eden Work?
Magic Eden leverages the underlying blockchain technology of Solana and other chains to facilitate quick, low-cost transactions. Users interact with the marketplace via crypto wallets, such as Trust Wallet or Phantom. Whether minting a new NFT, purchasing an existing one, or trading across collections, Magic Eden offers an easy and simple way to do it.
The ME Token
Magic Eden’s native cryptocurrency, the ME token, has various use cases within the ecosystem:
Governance: Holders of ME tokens can participate in decisions regarding platform updates or community policies.
Utility: The token can be used for trading fee discounts and exclusive access to specific features or NFT collections.
Rewards: Magic Eden distributes ME tokens as incentives for platform activity, such as trading or campaign engagement.
According to the official channels, ME tokenomics are designed to reward active participation while saving resources for community initiatives and partnerships. The idea is to create a sustainable ecosystem for users and contributors.
Binance listing
On December 10, 2024, Binance listed Magic Eden (ME) with the Seed Tag applied. Binance applies the Seed Tag to projects that are relatively new and may present higher volatility risks when compared to other listed assets. At launch, the spot trading pairs available were ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY.
Magic Eden (ME) Airdrop
Magic Eden has introduced an airdrop campaign to reward its active community members with ME tokens.
The airdrop is designed to distribute ME tokens to users who have contributed to the platform through activities like NFT trading, NFT launchpad minting, cross-chain token swaps, and Runes trading.
Eligible users were defined based on their interaction history with Magic Eden, with higher rewards for those who have been actively involved in the marketplace.
The airdrop is part of Magic Eden's strategy to strengthen its ecosystem. By rewarding active users, their goal is to build loyalty while increasing the adoption of the ME token as a utility and governance asset.
Magic Eden airdrop details
Claim window: December 10, 2024, at 2:00 PM (UTC) to February 1, 2025, at 11:00 PM (UTC).
Official contract address: MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u (Solscan)
Claim page: mefoundation.com. Be careful with fake websites and scams. Make sure to only visit the official pages.
How to claim the Magic Eden airdrop?
To check your eligibility and claim your airdrop, you have to connect all of your eligible wallets to the official page before finishing the process on the Magic Eden mobile app.
If you don’t have the Magic Eden app, you have to download, install it, and import the crypto wallet you used on the Magic Eden platform. If you already have the app, follow these steps:
Go to mefoundation.com and click the [Claim $ME] button.
Next, click [Check Eligibility].
Scan the QR code using your Magic Eden app and connect your eligible wallets. You can connect multiple wallets.
Check the terms and conditions. If you agree and are not from a restricted country, check the box to continue.
On the next screen, you can link multiple wallets to check which ones are eligible for the airdrop.
The final step is to claim your airdrop using the Magic Eden app, which is available for iOS and Android. You will need some SOL in your wallet to pay for gas fees when claiming your airdrop.
Closing Thoughts
Magic Eden is a user-friendly NFT marketplace that supports multiple blockchains like Solana, Ethereum, Polygon, and Bitcoin. It offers features like a Launchpad for new projects, easy trading, customizable royalties, and the ME token for governance and rewards. The platform aims to make NFT buying, selling, and launching simple and accessible for everyone.
Further Reading
How to Set Up a Crypto Wallet
What Is Solana (SOL)?
What Is An NFT?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
#btc
Binance News
--
Bitcoin(BTC) Surpasses 102,000 USDT with a 4.05% Increase in 24 Hours
On Jan 06, 2025, 15:45 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 102,000 USDT benchmark and is now trading at 102,066.992188 USDT, with a narrowed 4.05% increase in 24 hours.
#MiCARegulation #mica
The European market is being invaded by banks in crisis such as Santander, Deutsche Bank, BBVA, Barclays and Société Générale, who see in RLUSD, Ripple’s stablecoin, an opportunity to regain lost financial control. With liquidity problems and historic low prices, these banking giants are desperate to stay relevant in a system that no longer belongs to them.
Through their political and economic influence, they are pressuring European governments to implement regulatory barriers against independent competitors such as USDT. This coordinated attack, disguised as concerns about “transparency” and “security”, seeks to destroy Tether’s leadership and pave the way for a stablecoin tailored to their interests: RLUSD.
Regulations such as MiCA are the perfect weapon in the hands of these banks, which are orchestrating the delisting of USDT on key platforms in the European market. This is not an effort to protect users, but a calculated move to consolidate a financial monopoly that perpetuates their power. RLUSD is not an innovation, it is the Trojan horse of institutions seeking to centralize what was born to be free.
Banks like Santander, Deutsche Bank and Barclays, unable to adapt to a decentralized system, are using RLUSD as their latest move. This is not just another stablecoin, but a plan to capture the crypto ecosystem and return control to the hands of those who have failed to protect their customers time and time again.
The crypto community must not fall into this trap. We cannot allow these failing banks to turn Europe into their fortress of digital financial control. RLUSD and XRP are garbage, symbols of manipulation and centralization. The future of crypto is in decentralization and autonomy, not in banks desperate to survive.
#NoAlRlusd #XrpEsBasura #Descentralizacion #squarefamily #BITCOIN
Through their political and economic influence, they are pressuring European governments to implement regulatory barriers against independent competitors such as USDT. This coordinated attack, disguised as concerns about “transparency” and “security”, seeks to destroy Tether’s leadership and pave the way for a stablecoin tailored to their interests: RLUSD.
Regulations such as MiCA are the perfect weapon in the hands of these banks, which are orchestrating the delisting of USDT on key platforms in the European market. This is not an effort to protect users, but a calculated move to consolidate a financial monopoly that perpetuates their power. RLUSD is not an innovation, it is the Trojan horse of institutions seeking to centralize what was born to be free.
Banks like Santander, Deutsche Bank and Barclays, unable to adapt to a decentralized system, are using RLUSD as their latest move. This is not just another stablecoin, but a plan to capture the crypto ecosystem and return control to the hands of those who have failed to protect their customers time and time again.
The crypto community must not fall into this trap. We cannot allow these failing banks to turn Europe into their fortress of digital financial control. RLUSD and XRP are garbage, symbols of manipulation and centralization. The future of crypto is in decentralization and autonomy, not in banks desperate to survive.
#NoAlRlusd #XrpEsBasura #Descentralizacion #squarefamily #BITCOIN
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$usdt
USDT (Tether) is not banned in the European Union, but new regulatory requirements are impacting its use. Under the Markets in Crypto Assets (MiCA) regulation, which comes into effect on December 30, 2024, stablecoins listed on centralized exchanges must be issued by entities with an electronic money license. Since Tether currently does not have such a license, some European exchanges have already started to exclude USDT from their platforms in order to comply with the new rules.
These measures could affect market liquidity and convenience for traders, as USDT is one of the most popular stablecoins in the world. Alternative stablecoins, such as Circle’s USDC, which already have the necessary licenses, could become mainstream trading instruments in the EU.
So, while $USDT is not banned in Europe, its use on regulated platforms will be limited due to the new regulatory requirements.
These measures could affect market liquidity and convenience for traders, as USDT is one of the most popular stablecoins in the world. Alternative stablecoins, such as Circle’s USDC, which already have the necessary licenses, could become mainstream trading instruments in the EU.
So, while $USDT is not banned in Europe, its use on regulated platforms will be limited due to the new regulatory requirements.
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First lesson
#BtcNewHolder “Getting Started with Scalping and Becoming a Holder”
Ah, scalping. That wonderful art of making dozens of micro-trades a day, like a chart ninja. At first, you are full of energy and optimism: “I will make money at every price swing!” But then reality sets in, and in the blink of an eye you find yourself a holder… not by choice, but out of desperation.
The Great Illusion of Scalping
Scalping seems great in theory: buy low, sell high, repeat. Simple, right? Too bad the market has a sense of humor all its own:
• The price drops as soon as you buy. Don’t worry, it’s just a correction.
• The price drops again. Okay, I’m just testing a new support.
• The price collapses. And there you have it, you are officially a holder. Welcome to the club.
From active trader to long-term philosopher
In the beginning, you open and close positions with millimeter precision. Then, after the tenth wrong entry, you decide that maybe long-term trading is more for you. It's not that Holding is your strategy, it's that you've already locked in your funds and prefer to pretend that it's all part of the plan.
Signs that you're about to become a holder:
1. "I'll get it back tomorrow." Tomorrow comes and, instead, you lose another 5%.
2. "Okay, I'll hold it for the future." Good job, now you look like a serious investor.
3. "HOLD to the moon!" It doesn't matter how long it takes: years, decades... you believe it (more or less).
The lesson of scalping as a holder
Scalping is like racing at 200 km/h on a bumpy road: either you're an expert driver or you end up off the track. When you become a holder, however, you stop worrying about the details. You sit back, cross your fingers and wait for the market to take its course.
Conclusion:
Starting with scalping and ending up as a holder is a bit like starting a diet and ending up at the drive-thru: it wasn't the plan, but now you're in it. Next time you think about #scalping, remember: the market is unforgiving and, often, it decides for you.You might as well enjoy the ride!
Ah, scalping. That wonderful art of making dozens of micro-trades a day, like a chart ninja. At first, you are full of energy and optimism: “I will make money at every price swing!” But then reality sets in, and in the blink of an eye you find yourself a holder… not by choice, but out of desperation.
The Great Illusion of Scalping
Scalping seems great in theory: buy low, sell high, repeat. Simple, right? Too bad the market has a sense of humor all its own:
• The price drops as soon as you buy. Don’t worry, it’s just a correction.
• The price drops again. Okay, I’m just testing a new support.
• The price collapses. And there you have it, you are officially a holder. Welcome to the club.
From active trader to long-term philosopher
In the beginning, you open and close positions with millimeter precision. Then, after the tenth wrong entry, you decide that maybe long-term trading is more for you. It's not that Holding is your strategy, it's that you've already locked in your funds and prefer to pretend that it's all part of the plan.
Signs that you're about to become a holder:
1. "I'll get it back tomorrow." Tomorrow comes and, instead, you lose another 5%.
2. "Okay, I'll hold it for the future." Good job, now you look like a serious investor.
3. "HOLD to the moon!" It doesn't matter how long it takes: years, decades... you believe it (more or less).
The lesson of scalping as a holder
Scalping is like racing at 200 km/h on a bumpy road: either you're an expert driver or you end up off the track. When you become a holder, however, you stop worrying about the details. You sit back, cross your fingers and wait for the market to take its course.
Conclusion:
Starting with scalping and ending up as a holder is a bit like starting a diet and ending up at the drive-thru: it wasn't the plan, but now you're in it. Next time you think about #scalping, remember: the market is unforgiving and, often, it decides for you.You might as well enjoy the ride!
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Important update
Stamp Duty Policy 2024 in Italy and FAQ
2024-12-02 07:50
Background: In accordance with Law 197/2022, year-end balances of crypto assets are subject to taxation, including your holdings on exchanges such as Binance.
Binance Italy S.r.l., a Virtual Currency Service Provider (VASP) registered with the OAM, is required, like any other VASP active in Italy, to fulfill its regulatory obligations.
Following Law 197/2022, year-end balances of crypto assets are subject to stamp duty, even if held through Binance. Accordingly, below is a brief summary of the actions and timing related to the aforementioned stamp duty for 2024.
Scope of application: Users who have signed the Terms and Conditions with Binance Italy and who have resided in Italy for at least 1 day in 2024 (criteria applicable for both personal and entity accounts)
Tax calculation rules:
For crypto assets, the stamp duty to be paid is 0.2% of the balance as of December 31, 2024 (or the last available balance before the change of country of residence for personal accounts or country of registration for entity accounts), with a minimum stamp duty of €1 (for users with at least one crypto asset in their wallet)
Fiat balances are not subject to taxation.
For more details on the calculation logic with examples, please refer to section 2.
Application schedule:
January 1, 2025
1) Stamp duty calculation: Binance will calculate the 2024 stamp duty in EUR for your account (for details, please refer to section 2 below)
2) Withdrawal restrictions: The stamp duty amount cannot be withdrawn until the stamp duty is paid (the rest of the assets remain fully available for withdrawal).
From January 7, 2025 onwards
1) Stamp duty report: You will receive notifications via email and app push with the stamp duty report and the stamp duty amount to be paid when all calculations are completed.
2024-12-02 07:50
Background: In accordance with Law 197/2022, year-end balances of crypto assets are subject to taxation, including your holdings on exchanges such as Binance.
Binance Italy S.r.l., a Virtual Currency Service Provider (VASP) registered with the OAM, is required, like any other VASP active in Italy, to fulfill its regulatory obligations.
Following Law 197/2022, year-end balances of crypto assets are subject to stamp duty, even if held through Binance. Accordingly, below is a brief summary of the actions and timing related to the aforementioned stamp duty for 2024.
Scope of application: Users who have signed the Terms and Conditions with Binance Italy and who have resided in Italy for at least 1 day in 2024 (criteria applicable for both personal and entity accounts)
Tax calculation rules:
For crypto assets, the stamp duty to be paid is 0.2% of the balance as of December 31, 2024 (or the last available balance before the change of country of residence for personal accounts or country of registration for entity accounts), with a minimum stamp duty of €1 (for users with at least one crypto asset in their wallet)
Fiat balances are not subject to taxation.
For more details on the calculation logic with examples, please refer to section 2.
Application schedule:
January 1, 2025
1) Stamp duty calculation: Binance will calculate the 2024 stamp duty in EUR for your account (for details, please refer to section 2 below)
2) Withdrawal restrictions: The stamp duty amount cannot be withdrawn until the stamp duty is paid (the rest of the assets remain fully available for withdrawal).
From January 7, 2025 onwards
1) Stamp duty report: You will receive notifications via email and app push with the stamp duty report and the stamp duty amount to be paid when all calculations are completed.
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Always believe in yourself and what you feel. Politicians' promises are always false. When a person says something that is too good to be true then it is false
Meanwhile, this government had promised to reduce excise taxes and is about to increase them, it had promised to make us retire earlier and it will go later, and now they will tax cryptocurrencies.
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with 100k/150k you should be able to see some change. Otherwise it's a waste of time
good morning, excuse me how much do you have to invest in #btc to see a profit after 6 months? I'm new to the platform, thanks in advance for the answers
🤣🤣🤣🤣
$XRP I'll reveal a secret to you about taxes. Here's how to do it. Buy 1000Xrp, delete the app and hide the password. Reactivate the app after 5 or 10 years. That way there's something for everyone $XRP will reach 1000 dollars 1000x1000=1,000,000 dollars. Taxes 330,000 to them 670,000 dollars to us
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😂😂😂😂 do it like this and you'll be great
you are traceable. if you don't want to pay capital gains you have to find an exchange with a credit card and not a debit card. put your money there because it is not taxable
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good keep studying. When you're done we'll talk to you again
guys stop wasting money on #$BTC now it's time for USUAL it will be the future, as a student I bought 130 euros at 0.50 now I have 340 euros and I aim to get to 1000 please be careful
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If you are under 50, consider that you will have to work another 50 years before you retire.
Professor Mende - Bonuz Ecosystem Founder
--
if you are under the age of 50, be prepared to live past 150
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friend unfortunately it is not like that at all. Get well informed. Knowledge will allow you to earn more
do not declare. they can't know if and how much you invested. 2 the counting happens on the 31st, on the 30th move everything to a hardwallet and put it back around January 2/3. 3 use revolut.
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in their heads they think they are doing well. When they are at the beginning they are also good then when they arrive in Rome they change everything and become greedy. They are disconnected from the reality of the street
I have never understood why Italian politicians hate us so much, to make our life a hell? They make laws against the well-being of the people
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friend it's the truth. What's happening is that the rules that these old dinosaurs are imposing on us, will make us increasingly poor and backward
Meanwhile in Italy..
From 2026 the taxation on capital gains generated by cryptocurrencies will rise to 33%.
A legalized theft.
While the USA is thinking of a tax cut and a strategic reserve in Bitcoin, other countries such as Italy and Europe in general through the MiCA are instead trying to cut the legs of this sector.
They are trying to limit the adoption of crypto and make the development of this sector impossible.
See for example Tether with the possible delist of usdt from exchanges in Europe because they did not want to (rightly) adhere to the MiCA rules.
I'm sorry to say it but Europe is a desolate land where efforts are made not to grow a sector that will be the future of the economy.
From 2026 the taxation on capital gains generated by cryptocurrencies will rise to 33%.
A legalized theft.
While the USA is thinking of a tax cut and a strategic reserve in Bitcoin, other countries such as Italy and Europe in general through the MiCA are instead trying to cut the legs of this sector.
They are trying to limit the adoption of crypto and make the development of this sector impossible.
See for example Tether with the possible delist of usdt from exchanges in Europe because they did not want to (rightly) adhere to the MiCA rules.
I'm sorry to say it but Europe is a desolate land where efforts are made not to grow a sector that will be the future of the economy.
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clickbait bullshit
10 Altcoins That Could Make You a Millionaire by 2025 🌀
1. Ethereum (ETH)
🎯 Goal: $ 10,000
Leading dApp platform with Ethereum 2.0 upgrade that increases growth.
2. Aptos (APT)
🎯 Goal: $ 150
High-performance Layer-1 blockchain that thrives in DeFi and gaming.
3. Polygon (MATIC)
🎯 Goal: $ 10
Ethereum scaling solution with major partnerships and zkEVM technology.
4. Avalanche (AVAX)
🎯 Goal: $ 300
Subnet technology fuels DeFi and NFT growth with speed and low fees.
5. Chainlink (LINK)
🎯 Goal: $ 100
Essential Web3 oracle connecting blockchains to real-world data.
6. Aave (AAVE)
🎯 Goal: $ 500
Leading decentralized lending protocol with innovative features.
7. Sui ($ SUI)
🎯 Goal: $ 50–$ 100
New Layer-1 blockchain with scalability and developer focus.
8. Shiba Inu (SHIB)
🎯 Goal: $ 0.01
Meme coin turned ecosystem with DEX, NFT, and blockchain plans.
9. Pepe ($ PEPE)
🎯 Goal: $ 0.01+
Meme coin with viral community support for exponential growth.
10. Dogecoin ($ DOGE)
🎯 Goal: $ 1+
Original meme coin with Elon Musk support and a strong community.
🚀 Plan wisely and stay strong: these altcoins could bring incredible returns by 2025!
1. Ethereum (ETH)
🎯 Goal: $ 10,000
Leading dApp platform with Ethereum 2.0 upgrade that increases growth.
2. Aptos (APT)
🎯 Goal: $ 150
High-performance Layer-1 blockchain that thrives in DeFi and gaming.
3. Polygon (MATIC)
🎯 Goal: $ 10
Ethereum scaling solution with major partnerships and zkEVM technology.
4. Avalanche (AVAX)
🎯 Goal: $ 300
Subnet technology fuels DeFi and NFT growth with speed and low fees.
5. Chainlink (LINK)
🎯 Goal: $ 100
Essential Web3 oracle connecting blockchains to real-world data.
6. Aave (AAVE)
🎯 Goal: $ 500
Leading decentralized lending protocol with innovative features.
7. Sui ($ SUI)
🎯 Goal: $ 50–$ 100
New Layer-1 blockchain with scalability and developer focus.
8. Shiba Inu (SHIB)
🎯 Goal: $ 0.01
Meme coin turned ecosystem with DEX, NFT, and blockchain plans.
9. Pepe ($ PEPE)
🎯 Goal: $ 0.01+
Meme coin with viral community support for exponential growth.
10. Dogecoin ($ DOGE)
🎯 Goal: $ 1+
Original meme coin with Elon Musk support and a strong community.
🚀 Plan wisely and stay strong: these altcoins could bring incredible returns by 2025!
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what are they? Names pls
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$BTC
PRO Crypto Tech
--
The FED cuts interest rates by 25 basis points, bringing them to 4.5% - 4.75%.
Now send everything to the moon🚀
Now send everything to the moon🚀
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