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*Top 10 Cryptocurrencies to Watch and Trade Right Now*
These tokens are showing strong activity, innovation, or momentum—worth keeping on your radar:
LOOM – Gaining attention for its scalable blockchain solutions and developer-friendly tools.
MOVE – A rising star in the decentralized finance (DeFi) space with real-time transfer features.
PARTI – Popular in the NFT and digital art community, especially for virtual event platforms.
GORK – Attracting interest for its AI and data analytics integration in crypto.
HAEDAL – A newer token with potential, tied to decentralized infrastructure projects.
Shell– Focused on environmental impact and clean tech within the blockchain ecosystem.
VOXTEL– Leading innovation in virtual world gaming and digital asset ownership.
B2 – A privacy-oriented token with growing use in secure online transactions.
STO– Backed by real-world assets, this token appeals to traditional investors entering crypto.
EPT – Making waves with its unique staking model and reward system.
#BullishMomentum #BullishCoins
$VOXEL
$PARTI
$MOVE
These tokens are showing strong activity, innovation, or momentum—worth keeping on your radar:
LOOM – Gaining attention for its scalable blockchain solutions and developer-friendly tools.
MOVE – A rising star in the decentralized finance (DeFi) space with real-time transfer features.
PARTI – Popular in the NFT and digital art community, especially for virtual event platforms.
GORK – Attracting interest for its AI and data analytics integration in crypto.
HAEDAL – A newer token with potential, tied to decentralized infrastructure projects.
Shell– Focused on environmental impact and clean tech within the blockchain ecosystem.
VOXTEL– Leading innovation in virtual world gaming and digital asset ownership.
B2 – A privacy-oriented token with growing use in secure online transactions.
STO– Backed by real-world assets, this token appeals to traditional investors entering crypto.
EPT – Making waves with its unique staking model and reward system.
#BullishMomentum #BullishCoins
$VOXEL
$PARTI
$MOVE
*XRP Price Struggles to Hold Gains, Faces Key Resistance Ahead*
XRP recently attempted to climb above $2.258 but failed to maintain its momentum, following a pattern similar to Bitcoin and Ethereum. The price dropped below key support levels at $2.21 and $2.176, signaling a short-term bearish trend.
It even fell past the $2.135 support zone, reaching a low of $2.095. Since then, XRP has been consolidating, trying to recover from those losses. Right now, it’s trading below $2.15 and under the 100-hour Simple Moving Average, showing signs of weakness.
A key bearish trend line is forming with resistance around $2.1764 on the hourly chart.
What’s Next for XRP?
-On the upside, initial resistance is at $2.1392.
-The main hurdle is near $2.1764. A breakout above this could push the price to $2.210.
If momentum builds, XRP might aim for $2.24, $2.27, or even $2.30.
The next big resistance for bulls could be around $2.30.
Downside Risks
If XRP can’t break above $2.11, it could slide further. Key support lies at:
$2.095, followed by
$2.08.
A break below $2.08 might lead to further losses, targeting $2.068 and possibly $2.042.
#xrp #bearishmomentum
$XRP
XRP recently attempted to climb above $2.258 but failed to maintain its momentum, following a pattern similar to Bitcoin and Ethereum. The price dropped below key support levels at $2.21 and $2.176, signaling a short-term bearish trend.
It even fell past the $2.135 support zone, reaching a low of $2.095. Since then, XRP has been consolidating, trying to recover from those losses. Right now, it’s trading below $2.15 and under the 100-hour Simple Moving Average, showing signs of weakness.
A key bearish trend line is forming with resistance around $2.1764 on the hourly chart.
What’s Next for XRP?
-On the upside, initial resistance is at $2.1392.
-The main hurdle is near $2.1764. A breakout above this could push the price to $2.210.
If momentum builds, XRP might aim for $2.24, $2.27, or even $2.30.
The next big resistance for bulls could be around $2.30.
Downside Risks
If XRP can’t break above $2.11, it could slide further. Key support lies at:
$2.095, followed by
$2.08.
A break below $2.08 might lead to further losses, targeting $2.068 and possibly $2.042.
#xrp #bearishmomentum
$XRP
*Easy Candlestick Pattern Hacks for Better Trading*
Candlestick patterns help traders understand where the market might go next. They show the emotions behind price moves, like fear or excitement. Here are some simple hacks to help you read candlestick patterns better and make smarter trades.
$BTC
1. Check the Volume
Don’t just look at the candlestick pattern—see how many people are trading at that moment. This is called the volume. If a big candle forms with high volume, it means the signal is stronger. But if the volume is low, the move might not last. High volume shows that more traders agree with the price move, making it more reliable.
2. Look at Support and Resistance
Candlestick patterns work best at important price levels. For example, if a bullish pattern appears near a support level, it could mean prices will go up. If a bearish pattern appears near a resistance level, it might mean prices will drop.
3. Check Bigger Time Frames
Sometimes, a candlestick pattern looks great on a short time frame like 5 minutes—but it means nothing on the daily chart. Always check the bigger time frames to see the overall trend. This helps you avoid trading against the larger trend.
4. Follow the Trend
Patterns work much better when they go in the same direction as the trend. If the market is going up, look for bullish patterns. If the market is going down, look for bearish patterns.
5. Watch Out for Fake Moves
Sometimes, the price looks like it's breaking out, but then quickly turns around. This is called a fakeout. If you see a big candle and the next one goes the opposite way, it could be a trap. Being aware of fakeouts can help you stay safe and avoid losing trades.
6. Keep Notes
Keep a small notebook or digital journal where you write down which candlestick patterns worked and which didn’t. Over time, you’ll start to see which patterns are the most useful for your trading style.
With practice, you’ll become better at reading charts and making confident trading decision.
#TradingTales #candlestick
Candlestick patterns help traders understand where the market might go next. They show the emotions behind price moves, like fear or excitement. Here are some simple hacks to help you read candlestick patterns better and make smarter trades.
$BTC
1. Check the Volume
Don’t just look at the candlestick pattern—see how many people are trading at that moment. This is called the volume. If a big candle forms with high volume, it means the signal is stronger. But if the volume is low, the move might not last. High volume shows that more traders agree with the price move, making it more reliable.
2. Look at Support and Resistance
Candlestick patterns work best at important price levels. For example, if a bullish pattern appears near a support level, it could mean prices will go up. If a bearish pattern appears near a resistance level, it might mean prices will drop.
3. Check Bigger Time Frames
Sometimes, a candlestick pattern looks great on a short time frame like 5 minutes—but it means nothing on the daily chart. Always check the bigger time frames to see the overall trend. This helps you avoid trading against the larger trend.
4. Follow the Trend
Patterns work much better when they go in the same direction as the trend. If the market is going up, look for bullish patterns. If the market is going down, look for bearish patterns.
5. Watch Out for Fake Moves
Sometimes, the price looks like it's breaking out, but then quickly turns around. This is called a fakeout. If you see a big candle and the next one goes the opposite way, it could be a trap. Being aware of fakeouts can help you stay safe and avoid losing trades.
6. Keep Notes
Keep a small notebook or digital journal where you write down which candlestick patterns worked and which didn’t. Over time, you’ll start to see which patterns are the most useful for your trading style.
With practice, you’ll become better at reading charts and making confident trading decision.
#TradingTales #candlestick
*$AVAAI is showing strong potential for another upward move.*
After breaking through a key resistance level, it's now building a solid base above a classic bullish structure. The trendline is holding well, and buyers have already started to show interest.
The volume looks healthy, and the overall structure remains strong. From this setup, it seems likely that the uptrend will continue. We could see $0.095 and even $0.11 sooner than expected.
Momentum is building—this could move fast. Don’t miss it.
#ALTSEASON #AVAAI #avaaiusdt
After breaking through a key resistance level, it's now building a solid base above a classic bullish structure. The trendline is holding well, and buyers have already started to show interest.
The volume looks healthy, and the overall structure remains strong. From this setup, it seems likely that the uptrend will continue. We could see $0.095 and even $0.11 sooner than expected.
Momentum is building—this could move fast. Don’t miss it.
#ALTSEASON #AVAAI #avaaiusdt
*Prepare, Don’t Panic: Rich Dad’s Advice for Troubled Times*
Robert Kiyosaki, renowned author of Rich Dad Poor Dad and respected financial educator, has once again taken to the X platform to voice his concerns about the global economy. In his latest post, Kiyosaki highlighted the growing fear of unemployment, describing it as "spreading like a virus across the world"—a trend he believes signals deeper economic troubles. He referenced his earlier book, Rich Dad’s Prophecy, where he predicted a severe market crash that could trigger a major recession or even a “New Great Depression.” While he expressed hope that both he and his book are wrong, Kiyosaki emphasized that economic downturns often create rare investment opportunities. He recalled how the 2008 financial crisis enabled him and others to acquire real assets at lower prices. Using Bitcoin as a hypothetical example, he suggested that if its value were to plummet to $300, individuals would face a stark choice: panic or seize the opportunity. Ultimately, Kiyosaki urged his audience to remain prepared, stressing that readiness is far more valuable than fear in times of economic uncertainty.
$BTC
#Robertkiyosaki #BitcoinDown #btc #btcnews #bearishmomentum
Robert Kiyosaki, renowned author of Rich Dad Poor Dad and respected financial educator, has once again taken to the X platform to voice his concerns about the global economy. In his latest post, Kiyosaki highlighted the growing fear of unemployment, describing it as "spreading like a virus across the world"—a trend he believes signals deeper economic troubles. He referenced his earlier book, Rich Dad’s Prophecy, where he predicted a severe market crash that could trigger a major recession or even a “New Great Depression.” While he expressed hope that both he and his book are wrong, Kiyosaki emphasized that economic downturns often create rare investment opportunities. He recalled how the 2008 financial crisis enabled him and others to acquire real assets at lower prices. Using Bitcoin as a hypothetical example, he suggested that if its value were to plummet to $300, individuals would face a stark choice: panic or seize the opportunity. Ultimately, Kiyosaki urged his audience to remain prepared, stressing that readiness is far more valuable than fear in times of economic uncertainty.
$BTC
#Robertkiyosaki #BitcoinDown #btc #btcnews #bearishmomentum
Trump supported WLFI Launch: $11 Million Raised Despite Bumpy Start
In just 24 hours after its launch, the Trump-supported real-world asset protocol, WLFI, raised approximately $11 million by selling under 800 million tokens to eager investors. The project aimed to generate $300 million by selling 20 billion tokens, starting on October 15. However, technical issues with the website and scammers posing as WLFI initially complicated the launch.
Despite these setbacks, data from Etherscan shows that thousands of investors were drawn to the Trump-endorsed DeFi initiative. In the first hour alone, around 3,000 unique addresses purchased nearly 350 million WLFI coins.
By the time of this report, WLFI had about 9,300 token holders, a far cry from the 100,000 whitelisted investors touted pre-launch. While some might see this as a lackluster debut, especially when compared to other meme coins that have skyrocketed to hundreds of millions in market cap within hours, there are several factors to consider.
One potential reason for WLFI's slow start could be the token's unique dynamics. WLFI coins are non-transferable, limiting opportunities for price discovery and on-chain speculation. Instead, the governance token enables holders to engage in lending, providing liquidity, and executing borrowing activities, among other DeFi functions.
World Liberty Financial has aligned itself with Trump’s pro-crypto campaign, especially as the former U.S. President has shifted from criticism to endorsement of the cryptocurrency sector. With less than a month until the election, Trump has outlined plans to position the U.S. as the global crypto capital, establish a national Bitcoin reserve, and promote blockchain innovation.
While skepticism remains, many believe that a Trump victory could positively impact cryptocurrencies. This sentiment is reflected in social media discussions and prediction markets like Polymarket, where Trump's odds of winning have increased. According to the latest data from the Polygon-based platform, Trump now holds a 59.5% chance of winning compared to Democratic candidate Kamala Harris at 40.5%.
$BTC
#trump #TrumpCryptoSupport #WLFI #BTC #WLFiToken
Despite these setbacks, data from Etherscan shows that thousands of investors were drawn to the Trump-endorsed DeFi initiative. In the first hour alone, around 3,000 unique addresses purchased nearly 350 million WLFI coins.
By the time of this report, WLFI had about 9,300 token holders, a far cry from the 100,000 whitelisted investors touted pre-launch. While some might see this as a lackluster debut, especially when compared to other meme coins that have skyrocketed to hundreds of millions in market cap within hours, there are several factors to consider.
One potential reason for WLFI's slow start could be the token's unique dynamics. WLFI coins are non-transferable, limiting opportunities for price discovery and on-chain speculation. Instead, the governance token enables holders to engage in lending, providing liquidity, and executing borrowing activities, among other DeFi functions.
World Liberty Financial has aligned itself with Trump’s pro-crypto campaign, especially as the former U.S. President has shifted from criticism to endorsement of the cryptocurrency sector. With less than a month until the election, Trump has outlined plans to position the U.S. as the global crypto capital, establish a national Bitcoin reserve, and promote blockchain innovation.
While skepticism remains, many believe that a Trump victory could positively impact cryptocurrencies. This sentiment is reflected in social media discussions and prediction markets like Polymarket, where Trump's odds of winning have increased. According to the latest data from the Polygon-based platform, Trump now holds a 59.5% chance of winning compared to Democratic candidate Kamala Harris at 40.5%.
$BTC
#trump #TrumpCryptoSupport #WLFI #BTC #WLFiToken
Tesla’s Bitcoin Move Sparks Speculation
$BTC
Tesla has recently made headlines with a surprising move regarding its Bitcoin holdings. On October 15, 2024, the company, led by Elon Musk, transferred nearly $770 million worth of Bitcoin to new addresses. This significant operation, which involved transferring 11,509 Bitcoins, marks the first major action by Tesla in over two years and could potentially shake up the crypto market.
According to data from Arkham Research, this transfer represents the entirety of Tesla’s Bitcoin reserves. After conducting a series of test transactions, the company completed the move swiftly, transferring all its Bitcoins to seven new addresses.
Tesla hasn’t sold any Bitcoin since 2022, when it made two noteworthy sales—one in 2021 that netted a profit of $128 million and another in 2022 for $936 million. The sudden transfer has sparked curiosity among investors about Tesla's next steps, especially with the company’s financial results set to be released on October 23.
While some speculate that this move might hint at an imminent sale, Tesla has not issued any official comments regarding the reasons behind the transfer. As the situation unfolds, many are left wondering what this could mean for both Tesla and the broader cryptocurrency market.
#ElonMuskUpdates #btcupdates2024 #Tesla #ElonMuskTalks
Tesla has recently made headlines with a surprising move regarding its Bitcoin holdings. On October 15, 2024, the company, led by Elon Musk, transferred nearly $770 million worth of Bitcoin to new addresses. This significant operation, which involved transferring 11,509 Bitcoins, marks the first major action by Tesla in over two years and could potentially shake up the crypto market.
According to data from Arkham Research, this transfer represents the entirety of Tesla’s Bitcoin reserves. After conducting a series of test transactions, the company completed the move swiftly, transferring all its Bitcoins to seven new addresses.
Tesla hasn’t sold any Bitcoin since 2022, when it made two noteworthy sales—one in 2021 that netted a profit of $128 million and another in 2022 for $936 million. The sudden transfer has sparked curiosity among investors about Tesla's next steps, especially with the company’s financial results set to be released on October 23.
While some speculate that this move might hint at an imminent sale, Tesla has not issued any official comments regarding the reasons behind the transfer. As the situation unfolds, many are left wondering what this could mean for both Tesla and the broader cryptocurrency market.
#ElonMuskUpdates #btcupdates2024 #Tesla #ElonMuskTalks
~ October: The Month of Bitcoin Optimism ~
$BTC
Bitcoin enthusiasts have dubbed October “Uptober,” and for good reason! Historically, this month has been kind to Bitcoin, with prices climbing significantly in nine out of the last eleven years.
On-chain analyst James Check captures the current excitement perfectly: “Pray for the bears.” This shift toward bullish sentiment hints at the possibility of a sustained rally, similar to past significant price increases.
Some analysts believe this rebound might be one of the most thrilling market movements of the year. Kyle Chassé, a well-known market commentator with 219,000 followers on X, has noted that “the tides are changing,” signaling a promising time ahead for the market.
This surge in Bitcoin's value isn't an isolated event. Other cryptocurrencies are also experiencing notable gains. Ether has recently surpassed the $2,500 mark, and altcoins like Solana are showing impressive growth as well.
Overall, this wave of crypto gains suggests that investors are returning to the market, buoyed by the positive trends. While some uncertainties remain, confidence is gradually building. In just a few days, Bitcoin not only broke through a key psychological barrier but also demonstrated its strong position in the market, even with its search interest at a low point on Google.
#uptober #BTC #bullrun2024📈📈 #BullRunAhead
Bitcoin enthusiasts have dubbed October “Uptober,” and for good reason! Historically, this month has been kind to Bitcoin, with prices climbing significantly in nine out of the last eleven years.
On-chain analyst James Check captures the current excitement perfectly: “Pray for the bears.” This shift toward bullish sentiment hints at the possibility of a sustained rally, similar to past significant price increases.
Some analysts believe this rebound might be one of the most thrilling market movements of the year. Kyle Chassé, a well-known market commentator with 219,000 followers on X, has noted that “the tides are changing,” signaling a promising time ahead for the market.
This surge in Bitcoin's value isn't an isolated event. Other cryptocurrencies are also experiencing notable gains. Ether has recently surpassed the $2,500 mark, and altcoins like Solana are showing impressive growth as well.
Overall, this wave of crypto gains suggests that investors are returning to the market, buoyed by the positive trends. While some uncertainties remain, confidence is gradually building. In just a few days, Bitcoin not only broke through a key psychological barrier but also demonstrated its strong position in the market, even with its search interest at a low point on Google.
#uptober #BTC #bullrun2024📈📈 #BullRunAhead
The Rise of Binance: How It Became the World’s Largest Crypto Exchange in Just Six Months
#BinanceTurns7
In the fast-paced world of cryptocurrency, few stories are as remarkable as that of Binance. Launched in July 2017, this exchange quickly climbed the ranks to become one of the most popular platforms for trading digital assets. Within just six months, it emerged as the 376th most visited website globally, achieving remarkable trading volumes and an ever-expanding user base.
A Quick Start with Strong Foundations
Binance began its journey through an initial coin offering (ICO) that raised around $15 million. Most of its early adopters were from China, a country that has long been a significant player in the cryptocurrency space. However, this promising start faced a significant challenge in September 2017 when China enacted a ban on cryptocurrency exchanges. This regulatory shift forced Binance to adapt quickly, resulting in a substantial loss of users.
Overcoming Challenges: A Remarkable Comeback
Despite the initial setback and fierce competition from more established exchanges, Binance managed to thrive. The platform’s ability to pivot and innovate played a crucial role in its ascent. As of now, Binance boasts an impressive trading volume of $4.4 billion. Zhao Changpeng, the CEO of Binance, has shared that the exchange is seeing “a couple million” new users sign up each week, demonstrating its widespread appeal.
In January, Binance briefly halted new user registrations to manage a surge in demand and upgrade its infrastructure. When registrations reopened, over 240,000 users flocked to the platform in just one hour, showcasing the exchange's enormous popularity.
Key Factors Behind Binance’s Success
Aggressive Referral Program: One of Binance's standout features is its referral program, which offers a 20% commission for users who refer others to the platform. This strategy has proven highly effective; in fact, one user managed to earn over 76 BTC through this program alone. This incentivizes users to promote the exchange, creating a powerful network effect.Binance Coin (BNB): Binance has its own cryptocurrency, Binance Coin (BNB), which adds another layer of value for users. BNB holders enjoy a 50% discount on transaction fees, making trading more cost-effective. Furthermore, the value of BNB is influenced not only by major cryptocurrencies like Bitcoin and Ethereum but also by the growing popularity of the Binance platform itself. This unique positioning makes BNB a compelling long-term investment opportunity.Support for Altcoins: Binance stands out for its extensive support of altcoins, particularly those created from Bitcoin blockchain hard forks. Currently, the exchange supports 99% of Bitcoin and Ethereum forks, allowing traders to diversify their portfolios significantly. This comprehensive support attracts a wide range of users, from seasoned traders to newcomers eager to explore different investment options.User-Centric Experience: Binance prioritizes user experience, offering a platform that is both intuitive and feature-rich. From advanced trading tools to a user-friendly interface, the exchange caters to a diverse audience. Additionally, Binance frequently updates its platform to include new features and improve functionality, keeping users engaged and satisfied.
Looking Ahead: Future Plans for Binance
Despite its rapid rise, Zhao Changpeng emphasizes that Binance has no intention of slowing down. The exchange is actively pursuing a license from Japan's Financial Services Agency, a move that could expand its reach in one of the largest cryptocurrency markets in the world. Relocating operations to Tokyo is also on the agenda, which would further solidify Binance’s presence in Asia.
In addition to its geographical expansion, Binance is continually exploring new technological advancements and partnerships that could enhance its platform. By focusing on innovation and user needs, Binance is well-positioned to maintain its leadership in the competitive cryptocurrency landscape.
Conclusion
The story of Binance is a testament to the power of innovation, adaptability, and user-centric strategies in the cryptocurrency industry. From overcoming regulatory challenges to implementing attractive user incentives, Binance has carved out a significant niche for itself in a crowded market. As the cryptocurrency landscape continues to evolve, Binance is poised to lead the charge, making it an exciting platform for traders and investors alike.
#BinanceEverywhere
In the fast-paced world of cryptocurrency, few stories are as remarkable as that of Binance. Launched in July 2017, this exchange quickly climbed the ranks to become one of the most popular platforms for trading digital assets. Within just six months, it emerged as the 376th most visited website globally, achieving remarkable trading volumes and an ever-expanding user base.
A Quick Start with Strong Foundations
Binance began its journey through an initial coin offering (ICO) that raised around $15 million. Most of its early adopters were from China, a country that has long been a significant player in the cryptocurrency space. However, this promising start faced a significant challenge in September 2017 when China enacted a ban on cryptocurrency exchanges. This regulatory shift forced Binance to adapt quickly, resulting in a substantial loss of users.
Overcoming Challenges: A Remarkable Comeback
Despite the initial setback and fierce competition from more established exchanges, Binance managed to thrive. The platform’s ability to pivot and innovate played a crucial role in its ascent. As of now, Binance boasts an impressive trading volume of $4.4 billion. Zhao Changpeng, the CEO of Binance, has shared that the exchange is seeing “a couple million” new users sign up each week, demonstrating its widespread appeal.
In January, Binance briefly halted new user registrations to manage a surge in demand and upgrade its infrastructure. When registrations reopened, over 240,000 users flocked to the platform in just one hour, showcasing the exchange's enormous popularity.
Key Factors Behind Binance’s Success
Aggressive Referral Program: One of Binance's standout features is its referral program, which offers a 20% commission for users who refer others to the platform. This strategy has proven highly effective; in fact, one user managed to earn over 76 BTC through this program alone. This incentivizes users to promote the exchange, creating a powerful network effect.Binance Coin (BNB): Binance has its own cryptocurrency, Binance Coin (BNB), which adds another layer of value for users. BNB holders enjoy a 50% discount on transaction fees, making trading more cost-effective. Furthermore, the value of BNB is influenced not only by major cryptocurrencies like Bitcoin and Ethereum but also by the growing popularity of the Binance platform itself. This unique positioning makes BNB a compelling long-term investment opportunity.Support for Altcoins: Binance stands out for its extensive support of altcoins, particularly those created from Bitcoin blockchain hard forks. Currently, the exchange supports 99% of Bitcoin and Ethereum forks, allowing traders to diversify their portfolios significantly. This comprehensive support attracts a wide range of users, from seasoned traders to newcomers eager to explore different investment options.User-Centric Experience: Binance prioritizes user experience, offering a platform that is both intuitive and feature-rich. From advanced trading tools to a user-friendly interface, the exchange caters to a diverse audience. Additionally, Binance frequently updates its platform to include new features and improve functionality, keeping users engaged and satisfied.
Looking Ahead: Future Plans for Binance
Despite its rapid rise, Zhao Changpeng emphasizes that Binance has no intention of slowing down. The exchange is actively pursuing a license from Japan's Financial Services Agency, a move that could expand its reach in one of the largest cryptocurrency markets in the world. Relocating operations to Tokyo is also on the agenda, which would further solidify Binance’s presence in Asia.
In addition to its geographical expansion, Binance is continually exploring new technological advancements and partnerships that could enhance its platform. By focusing on innovation and user needs, Binance is well-positioned to maintain its leadership in the competitive cryptocurrency landscape.
Conclusion
The story of Binance is a testament to the power of innovation, adaptability, and user-centric strategies in the cryptocurrency industry. From overcoming regulatory challenges to implementing attractive user incentives, Binance has carved out a significant niche for itself in a crowded market. As the cryptocurrency landscape continues to evolve, Binance is poised to lead the charge, making it an exciting platform for traders and investors alike.
#BinanceEverywhere
UK Trader Pleads Not Guilty in First Illegal Crypto ATM Case
Habibur Rahman, a crypto trader from East Ham, London, has pleaded not guilty to charges related to running an illegal crypto ATM business and laundering £300,000 (about $395,000) in criminal cash.
Rahman was arrested in April 2023 after police raided his mobile phone shop in Chatham, Kent, where they seized several crypto ATMs. According to the BBC, a spokesperson for Kent Police confirmed the details. The Financial Conduct Authority (FCA) requires all crypto ATM operators to register with them, a rule Rahman allegedly ignored.
In his court appearance at Medway Magistrates’ Court, Rahman faced charges for operating an unregulated business and illegally converting cash to cryptocurrency between April and June 2022. Matthew Long, the FCA’s director of payments and digital assets, emphasized the risks of using these machines, warning that customers might be unwittingly giving their money to criminals.
This case is part of a broader crackdown by the FCA on unregistered crypto activities. Recently, another London trader, Olumide Osunkoya, was charged with operating multiple illegal crypto ATMs that processed £2.6 million (around $3.4 million) in transactions. Osunkoya has since pleaded guilty to five offenses, marking the first conviction of its kind in the UK.
As the FCA ramps up its enforcement efforts, this case highlights the need for regulatory oversight in the cryptocurrency sector to protect consumers and maintain financial integrity.
#bitcoinatm #BTC #bitcoin #traders #WeAreAllSatoshi
$BTC
Rahman was arrested in April 2023 after police raided his mobile phone shop in Chatham, Kent, where they seized several crypto ATMs. According to the BBC, a spokesperson for Kent Police confirmed the details. The Financial Conduct Authority (FCA) requires all crypto ATM operators to register with them, a rule Rahman allegedly ignored.
In his court appearance at Medway Magistrates’ Court, Rahman faced charges for operating an unregulated business and illegally converting cash to cryptocurrency between April and June 2022. Matthew Long, the FCA’s director of payments and digital assets, emphasized the risks of using these machines, warning that customers might be unwittingly giving their money to criminals.
This case is part of a broader crackdown by the FCA on unregistered crypto activities. Recently, another London trader, Olumide Osunkoya, was charged with operating multiple illegal crypto ATMs that processed £2.6 million (around $3.4 million) in transactions. Osunkoya has since pleaded guilty to five offenses, marking the first conviction of its kind in the UK.
As the FCA ramps up its enforcement efforts, this case highlights the need for regulatory oversight in the cryptocurrency sector to protect consumers and maintain financial integrity.
#bitcoinatm #BTC #bitcoin #traders #WeAreAllSatoshi
$BTC
*Top 3 cryptocurrencies to watch this week : CHILIZ, SUI, COIN*
Last week, the global cryptocurrency market made a notable comeback, increasing by 2.79% and reaching a market capitalization of $2.21 trillion. This growth added an impressive $60 billion to the market's overall value.
Bitcoin (BTC) took the lead in this recovery, but several altcoins also contributed to the positive momentum. Here are some of the standout performers:
Sui: $SUI had a fantastic week, soaring 28% from $1.75 to $2.24. The most exciting moments for Sui came during the market recovery on October 11 and 12, when it jumped 21%.
Chiliz: This cryptocurrency, which powers the Chiliz blockchain, capitalized on the broader market movements. It closed the week with an 11.8% gain, showcasing notable spikes throughout the week. On October 9, $CHZ even hit a four-month high of $0.0784 before encountering some resistance.
8-Bit Coin ($COIN): This altcoin had a strong week, recording six bullish days out of seven. It began the week on a high note, maintaining its upward trend from October 7 to 10, despite a minor dip on October 9 when it dropped 2.78%. By the end of the week, COIN achieved an impressive 22% rise.
Overall, the crypto market showed resilience and potential for further growth. Keep an eye on these trends as the market continues to evolve!
#CHZ #COIN #SUI🔥🔥🔥🔥 #SUI #WeAreAllSatoshi
Last week, the global cryptocurrency market made a notable comeback, increasing by 2.79% and reaching a market capitalization of $2.21 trillion. This growth added an impressive $60 billion to the market's overall value.
Bitcoin (BTC) took the lead in this recovery, but several altcoins also contributed to the positive momentum. Here are some of the standout performers:
Sui: $SUI had a fantastic week, soaring 28% from $1.75 to $2.24. The most exciting moments for Sui came during the market recovery on October 11 and 12, when it jumped 21%.
Chiliz: This cryptocurrency, which powers the Chiliz blockchain, capitalized on the broader market movements. It closed the week with an 11.8% gain, showcasing notable spikes throughout the week. On October 9, $CHZ even hit a four-month high of $0.0784 before encountering some resistance.
8-Bit Coin ($COIN): This altcoin had a strong week, recording six bullish days out of seven. It began the week on a high note, maintaining its upward trend from October 7 to 10, despite a minor dip on October 9 when it dropped 2.78%. By the end of the week, COIN achieved an impressive 22% rise.
Overall, the crypto market showed resilience and potential for further growth. Keep an eye on these trends as the market continues to evolve!
#CHZ #COIN #SUI🔥🔥🔥🔥 #SUI #WeAreAllSatoshi
*MrBeast Rakes in Over $10 Million Promoting Lesser-Known Cryptos!*🤯
$SUPER
An anonymous crypto investigator, SomaXBT, claims that MrBeast, real name Jimmy Donaldson, made over $10 million promoting Initial DEX Offerings (IDOs) for projects like Polychain Monsters (PMON) and Virtue Poker (VPP).
SomaXBT sees this as a red flag, comparing it to a pump-and-dump scheme. By hyping up these tokens to millions of followers and then selling them after their prices rise, regular investors could end up losing money.
He pointed out, “This is the shady stuff they’ve all done in the crypto market. If they did this in the stock market, the SEC would be after them.”
SomaXBT uses on-chain data to increase transparency and hold the crypto community accountable. His recent posts highlight the risks of influencer-driven token promotions.
The investigation shows that Jimmy Donaldson, aka MrBeast, has been involved with several crypto projects, including SuperFarm ($SUPER ), Polychain Monsters ($PMON), SPLYT ($SHOPX), STAK, and Virtue Poker ($VPP).
#super #Superusdt #SuperFarm #mrbeast
$SUPER
An anonymous crypto investigator, SomaXBT, claims that MrBeast, real name Jimmy Donaldson, made over $10 million promoting Initial DEX Offerings (IDOs) for projects like Polychain Monsters (PMON) and Virtue Poker (VPP).
SomaXBT sees this as a red flag, comparing it to a pump-and-dump scheme. By hyping up these tokens to millions of followers and then selling them after their prices rise, regular investors could end up losing money.
He pointed out, “This is the shady stuff they’ve all done in the crypto market. If they did this in the stock market, the SEC would be after them.”
SomaXBT uses on-chain data to increase transparency and hold the crypto community accountable. His recent posts highlight the risks of influencer-driven token promotions.
The investigation shows that Jimmy Donaldson, aka MrBeast, has been involved with several crypto projects, including SuperFarm ($SUPER ), Polychain Monsters ($PMON), SPLYT ($SHOPX), STAK, and Virtue Poker ($VPP).
#super #Superusdt #SuperFarm #mrbeast
Bitcoin Hits New High in Hashrate!
$BTC
On October 10, 2024, the Bitcoin network reached a record hashrate of 698 exahashes per second (EH/s), the highest it’s ever been! This achievement comes even as Bitcoin's price and mining earnings have dipped, and the difficulty of mining increased by 4.09%.
Despite these challenges, Bitcoin miners have shown incredible strength, raising the hashrate from 625 EH/s at the end of September to nearly 699 EH/s in just ten days. This growth shows that miners believe in Bitcoin’s future and are continuing to invest in better and more efficient equipment. Overall, this milestone highlights the resilience and confidence of the Bitcoin mining community!
#btc #btcuptober #uptober
$BTC
On October 10, 2024, the Bitcoin network reached a record hashrate of 698 exahashes per second (EH/s), the highest it’s ever been! This achievement comes even as Bitcoin's price and mining earnings have dipped, and the difficulty of mining increased by 4.09%.
Despite these challenges, Bitcoin miners have shown incredible strength, raising the hashrate from 625 EH/s at the end of September to nearly 699 EH/s in just ten days. This growth shows that miners believe in Bitcoin’s future and are continuing to invest in better and more efficient equipment. Overall, this milestone highlights the resilience and confidence of the Bitcoin mining community!
#btc #btcuptober #uptober
Donald Trump unveils crypto platform World Liberty Financial, backed by sons...
The Trump family has, however, not provided much detail about the business, in terms of how it was financed or what purpose would it serve. #btc #trump #donaldtrump #sol #trumpnews
The Trump family has, however, not provided much detail about the business, in terms of how it was financed or what purpose would it serve. #btc #trump #donaldtrump #sol #trumpnews
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