đšShiba Inu Army Rallies to Convince Binance for Daily 1% SHIB Token Burnđ„đš
On July 17, 2024, a notable Shiba Inu community member, Labib, launched a Change.org petition urging Binance to support a daily burn of 1% of all SHIB transaction tokens.
Token burning is a strategic approach to decrease the number of tokens in circulation, thereby creating scarcity that could potentially lead to an increase in value. According to the Shiba Inu community, burning 1% of daily SHIB transactions aligns with their long-term strategy for value enhancement. Such mechanisms have proven effective in various projects, reinforcing the tokenomics by reducing supply and boosting demand.
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đšPutin orders the regulation of crypto as country mulls embracing currencies like Bitcoin for international tradeđš
đŽThe Russian State Duma is set to deliberate on a bill to regulate digital currencies after President Vladimir Putin highlighted the urgency of regulation for use both domestically and with other countries.
đŽSpeaking at a meeting on July 17, Putin highlighted the necessity for Russia ânot to miss the momentâ with cryptocurrencies, and called on Parliament to work on creating âlegal framework and regulation in a timely manner,â including taxation and tariffs.
đŽThe forthcoming legislation, scheduled for parliamentary debate on July 23, would allow Russia to use cryptocurrency for international trade payments. Enhanced regulation of cryptocurrency payment systems in Russia could bolster trade with major partners like China and India, providing an alternative to traditional banking systems.
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âïžđ„Whales Push XRP Price Higher, but Thereâs Worrying Signđ„âïž
XRP, one of the leading alternative cryptocurrencies, managed to climb to the $0.59 reaching its highest price point since April.
âïž XRP recorded a 10% spike over the past 24 hours, vastly outperforming other major altcoins. The Ripple-affiliated token is currently changing hands at $0.5903 after reaching an intraday high of $0.5921. The cryptocurrency is valued at $32.8 billion, which makes it the eighth most valuable digital asset by market capitalization.
âïž Despite some impressive gains, there are some worrying signs that market participants would want to pay attention to. For instance, the XRP token recently formed bearish divergence. This means that the price managed to record higher highs while the oscillator is forming lower peaks. This could possibly mean that XRP's momentum is weakening. Bearish divergence could end up being a bad omen for the token.
đŽđ¶ïžIn the HOME page --->click MORE Icon --> there u will find --->GIFTS AND CAMPAIGN ---> in that select LEARN AND EARN.
đŽđ¶ïžYouâll see a Blockchain course and the amount of crypto rewards you can earn after completing the course.
đŽđ¶ïžSelect the course and click [Start Course]. Follow the instructions to learn and complete the quiz. If you pass the quiz, you will be rewarded with a token voucher.
đŽđ¶ïžToken voucher rewards will be distributed within 48 hours to qualified learners who pass the quiz. Users may check their rewards via PROFILE ----> REWARDS HUB.
đŽđ¶ïžThe validity period for the token voucher is set at 14 days from the day of distribution.
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đŽđŽđŽWarning from Fed Chair Powell sends Bitcoin prices dropping towards $56,000đŽđŽđŽ
đŽJerome Powell, chair of the Federal Reserve, has warned of a "critical period" for the Fed and labeled the current levels of deficit as "unsustainable."
đŽAccording to the Financial Times, Powell stated at the European Central Bank's Portugal conference that "you can't run these levels in good economic times for very long" and that the Biden administration was taking excessive risks by "running an enormous deficit at a time when we are at full employment."
đŽThe level of debt we have is completely sustainable but the path we are on is unsustainable.
đŽThe United States' rapidly growing $34 trillion debt load prompted Treasury Secretary Janet Yellen to issue a dire warning in May, which some believe could help drive the price of bitcoin to $1 million within the next 18 months.
đŽIn recent months, traders of bitcoin, cryptocurrencies, and stocks have been closely monitoring the Fed for indications that it will start reducing interest rates. As a result, analysts have been forced to lower their initial projections of seven rate cuts by 2024 to just one or two.
đŽPowell revealed that his primary concern during this critical period is achieving the right balance on monetary policy.
đŽThe Federal Reserve signaled last month that it would only make one rate cut in 2024 and that further reductions would be made in 2025. The Fed is under pressure to lower interest rates after setting records for rate hikes in response to massive stimulus spending and money printing during the Covid era, which caused inflation to skyrocket.
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đ¶ïžA Golden Cross is when a short-term moving average (50- day) of an asset rises above a long-term moving average (200-day). when trader sees a Golden Cross occur, they view this chart pattern as indicative of a strong bull market.
đ¶ïžđŽDo check the previous posts for other useful trading strategies.
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đšFloki Inu alerts community to fake tokens on Base and Solanađš
đ¶ïžThe Floki Inu team have alerted their users and the crypto community about scams involving fake tokens pretending to be part of their brand. These fake tokens have shown up on the Solana and Base blockchains, tricking investors.
đ¶ïžFloki Inu posted a warning to its followers about these scam tokens. They emphasized that the real Floki Inu (FLOKI) token is only available on the BNB Smart Chain and Ethereum networks. đ¶ïžđ„Do like and Follow for more updates, trading strategies and profitable signals.
đšđ„đŽThe United States government has increased the reward offered for information on OneCoin co-founder Ruja Ignatovaâs whereabouts to $5 million.đŽđ„đš
đŽThe 44-year-old Bulgarian-born German citizen co-founded OneCoin in 2014 and promoted the project as a crypto investment through false statements and representations. As of 2017, Cryptoqueen had used the Ponzi scheme to defraud investors of more than $4 billion.
đŽCryptoqueen is wanted in the United States for orchestrating one of the largest transnational fraud schemes in history. While some of her co-conspirators have been apprehended and sentenced according to their crimes, she has been on the FBIâs Ten Most Wanted Fugitives List since 2022.
đŽAccording to an official release from the U.S. Department of State spokesperson in conjunction with the U.S. Embassy in Bulgaria, anyone who brings information leading to the arrest or conviction of Ignatova, popularly known as Cryptoqueen, would be rewarded with $5 million.
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đšđš AI-faked Elon Musk tout a common âdouble-your-moneyâ scamđšđš
đŽThe 7Newsâ YouTube channel of a major Australian broadcaster, the Seven Network, was hijacked by crypto scammers â showing videos of a deep fake Elon Musk talking about crypto.
đŽ7Newsâ YouTube channel was rebranded to appear as automaker Tesla, showing an artificial intelligence-generated fake of the firmâs CEO saying heâs giving away crypto.
đŽThe AI-faked Musk tout a common âdouble-your-moneyâ scam â promising to send back double the amount of any crypto sent to an address.
đŽMusk is a popular public figure for scammers to fake and use in crypto scams.
đŽEarlier this month, more than 35 YouTube livestreams depicted fake Musks in similar double-your-money scams.
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