The Brazilian Senate reportedly approved new crypto tax income regulations to see citizens pay up to 15% tax on earnings derived from offshore cryptocurrencies.  According to reports by Yahoo Finance, the Brazilian Senate gave the green light to new income tax regulations, which could see Brazilians pay up to 15% tax on earnings derived from crypto held on international exchanges.  Brazilians Could Pay Up to 15% Tax on Offshore Earnings Brazil’s new tax regime was announced in May and aims to increase government revenue by taxing capital from offshore financial investments made by Brazilians residing there. According to the new rule, income earned from January 1, 2024, will be subject to the new policies.  Fortunately, you are misunderstanding thisBrazil 🇧🇷 is not taxing people regardless of residencyWhat changes with PL 4173/23:CURRENTLY: Tax-deferralIf you own an offshore company or trust while being a Brazil tax resident, you only pay tax when it distributes profits to… https://t.co/iiG1YyVUr9 — BowTiedGlobe | Your Freedom Dealer (@BowTiedGlobe) November 29, 2023 The bill has received approval from the Chamber of Deputies and, if sanctioned by President Luiz Inacio Lula da Silva, will take effect on January 1, 2024.  The bill will apply to any Brazilian citizen earning over 6,000 Brazilian reals ($1,200) on offshore exchanges. The tax amendments tax these funds at the same rate as domestic funds. According to the bill, funds earned before January 1 would be taxed when accessed by its owners, and funds made before December 31, 2023, would be taxed at a rate of 8%.  Government Aims to Raise $4 Billion from the Tax in 2024 The Brazilian government has set a revenue target of $4 billion from these taxes in 2024. In its greater tax framework, the legislation also affects “exclusive funds” – investment funds with a single shareholder and foreign companies operating within the Brazilian financial market.  The law received criticism from Brazilian Senator Rogerio Mariho, who said the government is introducing this tax due to poor management.  Brazil has become bullish on crypto, with Brazil’s oldest bank, Banco do Brazil, now allowing citizens to pay their tax bills using crypto.   Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Brazilians may soon be required to pay up to 15% tax on income derived from cryptocurrencies held on exchanges outside the country, after new income tax rules were approved by the Brazil Senate on Nov. 29. The bill has already passed in the Chamber of Deputies and is expected to be approved by President Luiz Inácio Lula da Silva, as his administration initiated the income tax rule changes, Cointelegraph Brazil reports. Under the bill, any Brazilian who earns more than $1,200 (6,000 Brazilian reals) on exchanges based outside Brazil would be subject to the tax, effective Jan. 1, 2024. The change makes those funds taxable at the same rate as funds held domestically. Funds earned before that date would be taxed when accessed by the owner, meanwhile, earnings on funds accessed before Dec. 31 will be taxed at 8%. Fortunately, you are misunderstanding thisBrazil is not taxing people regardless of residencyWhat changes with PL 4173/23:CURRENTLY: Tax-deferralIf you own an offshore company or trust while being a Brazil tax resident, you only pay tax when it distributes profits to… https://t.co/iiG1YyVUr9 — BowTiedGlobe | Your Freedom Dealer (@BowTiedGlobe) November 29, 2023 The bill also affects “exclusive funds” — investment funds with a single shareholder — and foreign companies active on the Brazilian financial market. The government hopes to raise $4 billion (20.3 billion Brazilian reals) in 2024. Senator Rogério Marinho voiced his opposition to the bill. He said: “The government is creating a tax because it is a poor manager.”  In September, the governor of the Banco Central do Brazil Roberto Campos Neto, announced plans to tighten regulations on cryptocurrency in connection with a sharp rise in its popularity in the country. At the time, he said he suspected crypto was being used for tax evasion.  The Brazilian central bank was given jurisdiction over virtual asset service providers in June. Crypto-based securities are regulated by the Comissão de Valores Mobiliários — Brazil’s equivalent of the United States Securities and Exchange Commission. Magazine: 6 Questions for Lugui Tillier about Bitcoin, Ordinals, and the future of crypto

Who doesn’t like free stuff? Well, those who like cryptocurrency can get their freebies, too. A number of websites offer free cryptocurrency to consumers, and all it takes to get started is a bit of initiative.  With crypto’s penchant for price swings, you may get more than you bargained for. And some sites may also offer cash or NFTs, which could be transformed into crypto. Here’s how you can earn free cryptocurrency and what to look for. Sign Up With An Exchange Lots of crypto exchanges will put some crypto in your wallet if you sign up as a client (just as brokerages will give you cash if you sign up as a client.) You may want to pick the best available option, although it could be worth your time to earn them all.  The good news is that this is among the safest options if you’re looking to score free coins, though you’ll need to put up some yourself. Some of the exchanges offering free crypto include Coinbase, Gemini, and Crypto.com  From time to time other exchanges add promotions or provide time-sensitive bonuses, so stay on the lookout for those additional opportunities. Crypto Staking Staking your crypto can help you earn a continual source of income, and that can be especially advantageous if you’re a long-term buy-and-hold investor or looking to stack up some coins. The rewards vary from coin-to-coin, but those for more speculative coins tend to be higher. Some cryptocurrencies use a “proof-of-stake” protocol to validate and manage their decentralized system.  That gives those who own the digital currency a chance to participate as a validator and earn income through staking their coins. You’ll support the infrastructure, get to hold your coin while doing so and even earn some income, too. The Securities and Exchange Commission has challenged some staking programs as being unregistered securities offerings, which are illegal. Kraken agreed to end its staking program in early 2023 as part of a settlement with the SEC. See Also: Industry Expert Travis Kling Calls Justin Sun a Criminal, Urges His Removal From Crypto Free NFTs A non-fungible token, or NFT, is a kind of digital asset or artwork. Technically, NFTs aren’t cryptocurrency, but you can trade them for crypto quickly. So how do you get free NFTs in the first place? There are giveaways for those, too. If you’re on the hunt for NFTs, you have a couple good avenues. First, many new crypto projects offer NFTs as a type of “invite bonus” to their top supporters.  You could follow a new crypto on its Discord channel with the hope of participating in an invite bonus pool for the people who drive the most traffic to the channel. Another alternative is to search Twitter regularly for NFTs giveaways, which may be offered for retweeting and promoting the project itself. A retweet could get you a chance to win an NFT. Of course, NFT giveaways can create some tax issues, so be aware of those. Learn and Earn Some websites offer you the chance to learn about cryptocurrency and earn a little bit of it at the same time. You may need to watch some videos, take a short quiz and pass to earn the bonus. Coinbase Earn is one site that offers rewards for learning about crypto, but others such as CoinMarketCap.com also provide an opportunity to rack up free rewards. The thing with these “learn and earn” promos, however, is that you may not always get the cryptocurrency you want. The Securities and Exchange Commission sued Coinbase in June 2023, alleging it had illegally operated as an exchange, broker-dealer and clearing agency, and offered and sold unregistered securities.  The lawsuit said Coinbase knowingly violated securities laws that are designed to protect investors. Coinbase said it would continue to operate its business as usual. Crypto Savings Account Looking to combine an easy way to earn interest with cryptocurrency?  A crypto savings account lets you earn interest on your holdings while you continue to enjoy their potential rise. And the initial interest rates you receive can be much better than with traditional banking accounts. One option here is Crypto.com’s savings account, which offers a tiered-rate structure. That means the more you have deposited, the lower your interest rate.  High-flying coins such as Bitcoin and Ethereum may offer an annual return of a few percent, whereas stablecoins might offer several percent higher interest, helping to make those a more attractive place to hold your money. Crypto Lending Take your cryptocurrency game to the next level and lend money to borrowers and earn interest on the transaction. It’s called decentralized finance, or DeFi, and you can use the power of digital currency and decentralized apps to earn money through peer-to-peer lending. Regardless of which lending platform or currency you use, however, you’ll want to be careful that the potential borrower can repay the money you’ve lent. Additionally, it may make sense to fund many smaller loans or fund them in connection with other lenders, to help reduce the risk. If you go this route, however, it’s important that you work with a well-established platform. Get Cash From A Brokerage Even a few traditional brokerages offer promotions from time to time. However, these bonuses are typically paid in U.S. dollars, but then could be converted immediately to crypto on the platform. Is that reaching too much on the premise of this article?  Maybe, but you’ll end up with crypto in your wallet all the same. One place to begin here is eToro, which operates as a crypto exchange in the U.S., though it’s a traditional broker in other countries. The broker offers a referral bonus to you and your friend if your friend signs up and makes a deposit. Other traditional brokers that offer crypto trading such as TradeStation may run promotions from time to time, too. Then just trade cash for crypto. Participate In An Airdrop The developers of a new cryptocurrency may do an airdrop – a giveaway – of their new coin in order to hype it and generate more interest and excitement around it. You may have to do a few things to have the potential of receiving new coins, such as follow the crypto project on social media, track it on a Discord channel or otherwise support the project. However, it’s worth noting that many airdrops are scams and, even if they do deliver you some coins, those coins may end up being worthless. That worthlessness may be good for tax purposes – since you won’t owe much, if any, taxes – but it does nothing for your wealth. Crypto Credit Cards If you already have regular cash-back credit cards, it can be easy to make the leap to crypto rewards cards and enjoy crypto in exchange for your purchases. These credit cards may offer rewards on purchases in the form of Bitcoin or other popular altcoins. And other spending bonuses may be available as well. One option here is the credit card from Gemini. Of course, the same caveats apply to these cards as they do other credit cards: Don’t run up a huge credit card bill trying to get the relatively modest rewards. See Also: Dogecoin Boasts of 5M Addresses, 168,000 Daily Active Addresses, Indicating Massive Adoption Take Surveys It sounds a bit like an old internet game with a new trick: Take a survey and get some cash. But this time, the cash is crypto. And that’s what some sites allow you to do these days. One entrant here is Freecash, which offers up surveys, games or other paid offers every day. While you can get your payouts in cryptocurrency, you could also take them as dollars or even gift cards. The site may feel a bit too “bells and whistles,” but you can still earn free crypto. Browse The Web Looking for a crypto that you earn while you browse the web? The Brave browser may be for you. You’ll earn the Basic Attention Token cryptocurrency for using the browser as long as you have the Brave Rewards program turned on. Brave blocks the typical ads and cookies, but still gives you the option to see some ads in exchange for cryptocurrency. The program is available in most countries, and the company shares 70 percent of ad revenue with users, it says. Payouts are made once a month. It’s something you’re doing anyway, so maybe it makes sense to get paid to browse. Watch Out For Scams The world of cryptocurrency is already rife with scams, and the tales of crypto scams have already been legion for years. That situation can even be worse in the world of free giveaways. That’s because scammers love to prey on those looking for a giveaway on the next big thing. So it pays to be on your guard when you’re looking for free cryptocurrency. Some crypto scams such as airdrops or initial coin offerings (ICOs) have high potential to be total frauds.  Run away from any promotion that asks for your login credentials or private keys to a crypto wallet. Meanwhile, ICOs may have you trade your legit coins for a coin of dubious value. As usual, if the freebie sounds too good to be true, it probably is. Conclusion  If you’re looking to earn free cryptocurrency, you have a number of options, from the usual suspects at brokerages and exchanges offering freebies to the unusual, such as airdrops and surveys. As you work through your free options, however, make sure you’re working with a reputable partner or it just may be them who gets your cryptocurrency for free. Disclaimer: Investors are advised that past investment product performance is no guarantee of future price appreciation. Bitcoinworld.co.in holds no liability for any action made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. The post How To Earn Free Cryptocurrency appeared first on BitcoinWorld.

HOW TO OPTIMIZE PROFITS IN THE UPCOMING TREND? During a Bull season, crypto cash flow will move as follows: 1/ Stablecoins Stablecoins are minted a lot to meet the number of market accounts. In November 2023, Tether had 4 billion USDT, this is a sign. 2/ Bitcoin Bitcoin is the first place to attract cash flow, simply because it is the currency with the largest capitalization and largest account. Has the greatest reputation in the market and is most known. Bitcoin pulls the entire cryptocurrency market up with it. 3/ ETH After Bitcoin grows strongly, the cash flow will move to ETH, we will find the % growth of ETH is better than $BTC , you can check the ETH/BTC pair to know best. 4/ TopCoin Next is Top coin, Cash flow entered other large capitalization coins, creating a sharp increase in price. Meanwhile, the growth rate of Ethereum and BTC slowed down. 5/ Altcoin season After the top coins peak, the flow will shift to mid-cap coins, lowcap coins, shitcoins will all be offered at the same time, everything grows tremendously. 6/ At the limit point, the market's uptrend ends and prices begin to decline everywhere. So how can we optimize capital during a cycle to get the best profit? Are you thinking we will: We will analyze the additional % of capital. - During the Bear season, a large portion of capital is spent collecting BTC and ETH, which will bring very good profits in the early stages of the uptrend. - During the Bull season, when we see the ETH/BTC pair increasing strongly, we will start using BTC and ETH to buy medium and small capitalization Altcoins. - Check which ecosystem the money line is converting to, we will look to buy tokens of the Dex, AMM, Lending Borrowing line protocols in that ecosystem and wait to live. - Finally it's time, don't hold the moon, hold to die, but hold to aim. When you reach the target, you will take profit. If you don't take profit, the dealer will take profit. #crypto2023 #bitcoin #bnb #dyor $BTC $ETH $BNB

Who doesn’t like free stuff? Well, those who like cryptocurrency can get their freebies, too. A number of websites offer free cryptocurrency to consumers, and all it takes to get started is a bit of initiative. With crypto’s penchant for price swings, you may get more than you bargained for. And some sites may also offer cash or NFTs, which could be transformed into crypto.Here’s how you can earn free cryptocurrency for visiting sites and what to look for.How to earn free cryptocurrency: 11 easy ways1. Sign up with an exchangePlenty of crypto exchanges will put some crypto in your wallet if you sign up as a client (just as brokerages will give you cash if you sign up as a client.) You may want to pick the best available option, although it could be worth your time to earn them all. The good news is that this is among the safest options if you’re looking to score free coins, though you’ll need to put up some yourself.Some of the exchanges offering free crypto include the following: #Coinbase #Gemini #Crypto.com From time to time other exchanges add promotions or provide time-sensitive bonuses, so stay on the lookout for those additional opportunities.2. Crypto stakingStaking your crypto can help you earn a continual source of income, and that can be especially advantageous if you’re a long-term buy-and-hold investor or looking to stack up some coins. The rewards vary from coin-to-coin, but those for more speculative coins tend to be higher.Some cryptocurrencies use a “proof-of-stake” protocol to validate and manage their decentralized system. That gives those who own the digital currency a chance to participate as a validator and earn income through staking their coins. You’ll support the infrastructure, get to hold your coin while doing so and even earn some income, too.The Securities and Exchange Commission has challenged some staking programs as being unregistered securities offerings, which are illegal. Kraken agreed to end its staking program in early 2023 as part of a settlement with the SEC.3. Free NFTsA non-fungible token, or NFT, is a kind of digital asset or artwork. Technically, NFTs aren’t cryptocurrency, but you can trade them for crypto quickly. So how do you get free NFTs in the first place? There are giveaways for those, too.If you’re on the hunt for NFTs, you have a couple good avenues. First, many new crypto projects offer NFTs as a type of “invite bonus” to their top supporters. You could follow a new crypto on its Discord channel with the hope of participating in an invite bonus pool for the people who drive the most traffic to the channel.Another alternative is to search Twitter regularly for NFTs giveaways, which may be offered for retweeting and promoting the project itself. A retweet could get you a chance to win an NFT.Of course, NFT giveaways can create some tax issues, so be aware of those.4. Learn and earnSome websites offer you the chance to learn about cryptocurrency and earn a little bit of it at the same time. You may need to watch some videos, take a short quiz and pass to earn the bonus.Coinbase Earn is one site that offers rewards for learning about crypto, but others such as CoinMarketCap.com also provide an opportunity to rack up free rewards. The thing with these “learn and earn” promos, however, is that you may not always get the cryptocurrency you want.The Securities and Exchange Commission sued Coinbase in June 2023, alleging it had illegally operated as an exchange, broker-dealer and clearing agency, and offered and sold unregistered securities. The lawsuit said Coinbase knowingly violated securities laws that are designed to protect investors. Coinbase said it would continue to operate its business as usual.5. Crypto savings accountLooking to combine an easy way to earn interest with cryptocurrency? A crypto savings account lets you earn interest on your holdings while you continue to enjoy their potential rise. And the initial interest rates you receive can be much better than with traditional banking accounts.One option here is Crypto.com’s savings account, which offers a tiered-rate structure. That means the more you have deposited, the lower your interest rate. High-flying coins such as Bitcoin and Ethereum may offer an annual return of a few percent, whereas stablecoins might offer several percent higher interest, helping to make those a more attractive place to hold your money.6. Crypto lendingTake your cryptocurrency game to the next level and lend money to borrowers and earn interest on the transaction. It’s called decentralized finance, or DeFi, and you can use the power of digital currency and decentralized apps to earn money through peer-to-peer lending.Regardless of which lending platform or currency you use, however, you’ll want to be careful that the potential borrower can repay the money you’ve lent. Additionally, it may make sense to fund many smaller loans or fund them in connection with other lenders, to help reduce the risk.If you go this route, however, it’s important that you work with a well-established platform.7. Get cash from a brokerageEven a few traditional brokerages offer promotions from time to time. However, these bonuses are typically paid in U.S. dollars, but then could be converted immediately to crypto on the platform. Is that reaching too much on the premise of this article? Maybe, but you’ll end up with crypto in your wallet all the same.One place to begin here is eToro, which operates as a crypto exchange in the U.S., though it’s a traditional broker in other countries. The broker offers a referral bonus to you and your friend if your friend signs up and makes a deposit. Other traditional brokers that offer crypto trading such as TradeStation may run promotions from time to time, too. Then just trade cash for crypto.8. Participate in an airdropThe developers of a new cryptocurrency may do an airdrop – a giveaway – of their new coin in order to hype it and generate more interest and excitement around it. You may have to do a few things to have the potential of receiving new coins, such as follow the crypto project on social media, track it on a Discord channel or otherwise support the project.However, it’s worth noting that many airdrops are scams and, even if they do deliver you some coins, those coins may end up being worthless. That worthlessness may be good for tax purposes – since you won’t owe much, if any, taxes – but it does nothing for your wealth.9. Crypto credit cardsIf you already have regular cash-back credit cards, it can be easy to make the leap to crypto rewards cards and enjoy crypto in exchange for your purchases. These credit cards may offer rewards on purchases in the form of Bitcoin or other popular altcoins. And other spending bonuses may be available as well.One option here is the credit card from Gemini.Of course, the same caveats apply to these cards as they do other credit cards: Don’t run up a huge credit card bill trying to get the relatively modest rewards.10. Take surveysIt sounds a bit like an old internet game with a new trick: Take a survey and get some cash. But this time, the cash is crypto. And that’s what some sites allow you to do these days.One entrant here is Freecash, which offers up surveys, games or other paid offers every day. While you can get your payouts in cryptocurrency, you could also take them as dollars or even gift cards. The site may feel a bit too “bells and whistles,” but you can still earn free crypto.11. Browse the webLooking for a crypto that you earn while you browse the web? The Brave browser may be for you. You’ll earn the Basic Attention Token cryptocurrency for using the browser as long as you have the Brave Rewards program turned on.Brave blocks the typical ads and cookies, but still gives you the option to see some ads in exchange for cryptocurrency. The program is available in most countries, and the company shares 70 percent of ad revenue with users, it says. Payouts are made once a month.It’s something you’re doing anyway, so maybe it makes sense to get paid to browse.Watch out for scamsThe world of cryptocurrency is already rife with scams, and the tales of crypto scams have already been legion for years. That situation can even be worse in the world of free giveaways. That’s because scammers love to prey on those looking for a giveaway on the next big thing.So it pays to be on your guard when you’re looking for free cryptocurrency. Some crypto scams such as airdrops or initial coin offerings (ICOs) have high potential to be total frauds. Run away from any promotion that asks for your login credentials or private keys to a crypto wallet. Meanwhile, ICOs may have you trade your legit coins for a coin of dubious value.As usual, if the freebie sounds too good to be true, it probably is.Conclusion If you’re looking to earn free cryptocurrency, you have a number of options, from the usual suspects at brokerages and exchanges offering freebies to the unusual, such as airdrops and surveys. As you work through your free options, however, make sure you’re working with a reputable partner or it just may be them who gets your cryptocurrency for free.Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation. $BTC $ETH $BNB

The post 5 Must-Own Cryptocurrencies Before the Approval of Bitcoin ETF appeared first on Coinpedia Fintech News The cryptocurrency market is on the cusp of a transformative era, with the potential approval of a Bitcoin ETF signalling a major shift in the landscape. According to a report by Coinbase, the Bitcoin market cap has already swelled by 40% since October, and the approval of a Bitcoin ETF could usher in billions more in capital inflows. This development is stirring a frenzy among cryptocurrency investors, who are eagerly anticipating the on-ramping of millions of new investors through structured broker-dealer accounts. Amidst this evolving scenario, we witness a diverse array of digital assets, including Aptos (APT), Dogecoin (DOGE), Maker (MKR), Fantom (FTM), and the emerging ScapesMania. Each of these cryptocurrencies can and most likely will show significant shifts after the approval of Bitcoin ETF. Which coin can show the fastest growth and which ones will be left lagging behind but still growing? Read on to find out. Must-Own Cryptocurrencies: ScapesMania: A new, innovative crypto gaining attention in its presale phase, promising early investment opportunities. Aptos (APT): Gaining traction with a partnership with Alibaba Cloud, aiming to expand in Asia-Pacific, though facing market challenges. Dogecoin (DOGE): Experiencing a resurgence due to positive technical signals, but remains volatile as a meme coin. Maker (MKR): Reaching yearly highs due to its key role in DeFi, with growth linked to the sector’s overall health. Fantom (FTM): Seeing high network activity but struggling with price performance, facing a challenge in aligning usage with value. ScapesMania: A New Contender in the Crypto Arena Many crypto experts pick ScapesMania as the best new project of 2023 and beyond. It manages to separate itself from the competition by offering holders a multitude of revenue streams and high potential ROIs during presale.  Companies and individual crypto traders looking for fast potential gains should definitely look into ScapesMania’s proposition. Once the presale finishes, the price will soar, securing possible returns in the range of 400-500%. Right now, there’s an active discount of close to 85%, but it won’t last forever – the clock is ticking and all interested in leveraging this offer need to act fast. When dissecting the tokenomics and other features of ScapesMania, it becomes clear that it’s the best altcoin to hold now. The innovative gaming-related core idea, impressive presale numbers, $150,000 giveaway, undying social media hype, and other positive aspects can guarantee that ScapesMania will continue on its winning journey, so it makes sense to get involved as soon as possible. Aptos (APT): Strategic Partnerships Aptos (APT) has recently made headlines with its 6% surge following a landmark partnership with Alibaba Cloud. This collaboration aims to introduce Web3 functionalities in the Asia-Pacific region, marking a significant step for Aptos (APT) in expanding its blockchain network’s reach and capabilities.  The announcement of the partnership with Alibaba Cloud has positively impacted Aptos (APT) market position. A 6% increase indicates a growing investor confidence in Aptos (APT) potential and its strategic alliances. Such collaborations often play a crucial role in enhancing the value and utility of blockchain networks. Looking ahead, Aptos (APT) seems poised for growth, especially in the Asia-Pacific market. The partnership with Alibaba Cloud could lead to increased adoption and innovative use cases, potentially driving up the demand and value of Aptos (APT). However, challenges such as market volatility and competition from established blockchain networks could impact its growth trajectory.  Dogecoin (DOGE): The Meme Coin with Serious Potential Dogecoin (DOGE) has been attracting attention again, with traders showing renewed interest. Despite a modest year-to-date performance, Dogecoin (DOGE) has shown a 33.2% gain over the last month, catching the eye of analysts and investors. This renewed interest is partly due to a technical signal indicating a potential rally. Dogecoin (DOGE) recent performance, marked by a significant gain over the past month, reflects a positive shift in market sentiment. This change is attributed to technical indicators that suggest a possible upward trend in Dogecoin (DOGE) value. Such indicators are crucial in influencing traders’ decisions and market movements. The future of Dogecoin (DOGE) appears promising, with technical signals hinting at a potential rally. If these indicators hold true, Dogecoin (DOGE) could experience significant growth. However, as a meme coin, Dogecoin (DOGE) value is highly susceptible to market sentiment and social media influence, which can lead to volatility.  Maker (MKR): A Strong Contender in the DeFi Space Maker (MKR) has been performing well, recently hitting its yearly high. This growth is attributed to an increase in active Maker (MKR) addresses, reinforcing its position as a leading choice in the DeFi market. Maker (MKR) success is closely tied to its role in the Ethereum network and its impact on the DeFi ecosystem. The upward trend in Maker (MKR) value reflects growing investor confidence and increased usage within the DeFi sector. As Maker (MKR) continues to play a pivotal role in the DeFi space, its value is likely to be influenced by the overall health and growth of the DeFi market. Looking forward, Maker (MKR) has strong potential for continued growth, especially as the DeFi sector expands. However, it faces challenges such as market volatility and competition within the DeFi space. The key to Maker (MKR) sustained growth will be its ability to maintain its leading position in the DeFi market and adapt to the evolving landscape of decentralized finance. Fantom (FTM): A Network of Highs and Lows Fantom (FTM) has seen a surge in activity, with a record-breaking 2.94 million transactions following the launch of the Fantom (FTM) Inscription FRC-20 protocol. This spike in transactions and gas fees highlights the growing use and utility of the Fantom network. Despite the increased network activity, Fantom (FTM) price has not shown a corresponding positive reaction. The altcoin has continued a downward trend, with a 14% fall over the last week. This divergence between network activity and price dynamics presents a complex market situation for Fantom (FTM). The future of Fantom (FTM) presents a mixed picture. While the high transaction volume indicates robust network usage, the lack of positive price movement is a concern. The challenge for Fantom (FTM) will be to translate network activity into sustainable price growth. Market dynamics and investor sentiment will play critical roles in shaping Fantom (FTM) future trajectory. Conclusion: The cryptocurrency market is poised for a significant transformation with the potential approval of a Bitcoin ETF, which could bring substantial capital inflows and a new wave of investors. In this dynamic landscape, cryptocurrencies like ScapesMania, Aptos (APT), Dogecoin (DOGE), Maker (MKR), Fantom (FTM) each present unique opportunities and challenges.  ScapesMania, in particular, is emerging as a promising new player. This coin is set to gain the most after the approval of the Bitcoin ETF. The impressive presale metrics and spotless reputation speak for themselves. Twitter | Telegram

Recently, the cryptocurrency industry has been marked by significant regulatory and leadership changes. Changpeng Zhao, the CEO of Binance, has stepped down following a $4.3 billion fine and criminal charges from the US government, signaling a major shift in the crypto exchange landscape. This all comes as the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) turn up the heat on crypto, keeping a close eye on what's going down in that world.  The SEC has filed a lawsuit against Kraken for operating as an unregistered securities exchange, broker, dealer, and clearing agency. In the market, Bitcoin is showing signs of strength, approaching the $38,000 mark, with potential to rise further. Ethereum's Layer-2 Blast, despite withdrawal restrictions, has generated significant buzz and investment. Additionally, developments in DeFi, business alliances, and technology advancements, such as Kucoin's new payment integration and Circle's 'Bridged USDC Standard', are shaping the future of digital finance.  It's clear that the crypto landscape is constantly evolving, sort of like a surfer riding wave after wave, navigating regulatory hurdles and shifting market conditions. Amidst this, ScapesMania (MANIA) is carving out a niche as a presale project to keep an eye on. This project stands out with its promise of more predictable trends, offering a stark contrast to the often volatile nature of the cryptocurrency landscape.  Unleash the Future of Crypto with ScapesMania While some crypto projects are facing uncertainty, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal. Presale is Live Now – Join Now for a Chance to Benefit with MANIA Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead. Presale Is Live: Learn More About It and Its Major Benefits Polkadot (DOT) Price Analysis Polkadot (DOT) has shown a mixed performance in recent times. Over the past month has brought a notable increase of 26%. However, the six-month performance indicates a minor decline of 3%. Year-to-date, DOT has gained 22%, and its one-year change is relatively flat at 0.26%. Over a five-year period, DOT has grown by 69.69%, with an all-time increase of 153%. Currently, Polkadot's market capitalization is at $6.593 billion. The oscillators present a mostly neutral stance with the Relative Strength Index at 42.74 and the Commodity Channel Index suggesting a buy action at -183.39. The MACD Level, however, indicates a sell action at -0.00178. Moving averages are predominantly signaling sell, with the 10-day and 20-day Simple Moving Averages (SMA) at $5.33 and $5.34, respectively. However, the longer-term 100-day SMA at $5.23 and $200-day SMA at $5.24 indicate potential for long-term growth. Polkadot (DOT) Price Forecast Considering the mixed signals from oscillators and moving averages, DOT's future price movement appears uncertain. If DOT can overcome its immediate resistance level, currently near the pivot point of $5.44, it could target higher resistance levels at $6.33 and potentially $7.21. This bullish scenario would be supported by positive developments within the Polkadot ecosystem and broader market sentiment. Conversely, if DOT fails to hold its current level and falls below its immediate support at $4.55, it could test lower support levels at $3.66. This bearish trend could be exacerbated by negative market conditions or specific setbacks within the Polkadot network. Polygon (MATIC) Price Analysis Polygon (MATIC) has experienced a decline of 8% over the past week, although it has seen a 20% increase in the past month. The six-month performance shows a decrease of 16%. Year-to-date, MATIC's change is minimal at 0.25%, but the one-year performance indicates a decline of 9.92%. However, over a five-year period, MATIC has seen an extraordinary growth of 14212.98%, with a whopping all-time increase of 29,934%. The market capitalization of Polygon stands at $7.047 billion. The oscillators for MATIC are mostly neutral, with the Relative Strength Index at 31.11. The Commodity Channel Index suggests a buy action at -214.64, while the MACD Level indicates a sell at -0.00286.  The short-term moving averages indicate a bearish trend, while the long-term averages suggest potential for growth. Specifically: The 10-day Simple Moving Average (SMA) stands at 0.7897, signaling a sell. The 20-day SMA is at 0.8196, also indicating a sell. Moving to the 30-day SMA, it's at 0.7682, maintaining the sell signal. However, the longer-term averages shift the perspective. The 50-day SMA is at 0.6831, suggesting a buy. The 100-day SMA further supports this bullish outlook at 0.6125. The 200-day SMA, at 0.6749, aligns with the buy signal. The short-term bearish trend is evident in the recent sell signals, while the long-term perspective remains bullish, as indicated by the buy signals in the longer-term moving averages. Polygon (MATIC) Price Forecast Given this mix of short-term bearish and long-term bullish signals, MATIC's future price movement could be volatile. If MATIC can overcome the bearish sentiment reflected in the short-term averages and leverage the positive long-term outlook, it might target the resistance level at $0.87; then aim for higher levels at $1.08 and possibly $1.28. This optimistic scenario would likely depend on positive market sentiment and successful developments within the Polygon ecosystem. However, failing to do so could see MATIC testing lower support levels, as indicated by the short-term moving averages. If MATIC fails to breach its immediate resistance level at $0.87, it could face downward pressure towards support levels at $0.66 and potentially $0.46. This bearish outlook could be influenced by broader market downturns or challenges specific to the Polygon network. Wrapping It Up The cryptocurrency landscape is currently undergoing a significant transformation, marked by regulatory changes and shifts in leadership within major crypto entities. The price analysis of Polkadot (DOT) and Polygon (MATIC) reveals a complex picture. DOT's mixed signals from oscillators and moving averages suggest an uncertain future, with potential for both growth and decline depending on market conditions and developments within the Polkadot ecosystem. Similarly, MATIC shows a divergence between short-term bearish and long-term bullish signals, indicating a volatile path ahead. These analyses underscore the ever-changing and speculative nature of the cryptocurrency market, where investor vigilance and adaptability are key. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The Ripple and SEC legal battle has seen a lot of action and is currently in the spotlight amid XRP inching up nearing its $0.70 forecast. Despite the partial wins the XRP parent company had over the United States Securities and Exchanges Commission, market sentiments have confirmed that the regulatory body intends to bring up an appeal that would affect the XRP forecast.  XRP showed a spike in its price on Saturday by 0.24%, and this ended the day session at $0.6229. The SEC regulator has been seen to threaten the XRP market price, and the looming appeal still remains a possible challenge for Ripple Labs as the legal battle has been the focal point for its market movements.  Ripple Labs and SEC legal battle implications  During the end of the week on Friday, XRP rallied by 0.02%, and following this was Saturday’s gain of 0.24%, regardless of no news on the Ripple Labs vs. the SEC legal trial. The steady market movements of XRP can be attributed to the growing scrutiny over the case.  Following news events on trial, the SEC is expected to appeal a court ruling on Programmatic Sales, and this development will hinder Ripple’s native coin from reaching its predicted $0.70 forecast by market experts. The short is attributed to the final proceedings of the battle this month.  Among the rulings made was the court order made on November 13 that requires both parties to complete related remedies discovery that’s supposed to be done by February 12, next year.  In light of a lower penalty ruling, the expectations of an SEC appeal could increase toward the Programmatic Sales ruling. Kraken has also had aggressive legal pressure from the SEC following charges for commenting on customers’ digital and fiat assets with their own funds.  The SEC had sued Kraken for its role in acting as an exchange, broker, dealer, and clearing firm for digital currency Securities.  Moreover, the regulator listed 16 cryptocurrencies as securities, and Ripple was absent because of the Programmatic Sales ruling.  XRP market movements Ripple Labs and the SEC have joined forces in distributing settlements related to the XRP sales to institutional investors. A ruling by Judge Analisa or a possible settlement could affect investment appetite for the digital token, and investors might stop adjusting their portfolios with XRP.  The regulatory body is currently eying a settlement penalty of $770 million that is part of the XRP sales for institutional investors.  However, the legal case could favor a significantly lower number as legal experts speculate that the amount could reduce to levels lower than the Ripple Labs $150 million legal bill. Additionally, the Supreme Court ruling on the US Securities and Exchange Commission states that the regulator has jurisdiction over sales made in the US. As such, the SEC should subtract the Ripple sales made to the institutional investors who reside outside the United States.  Ripple’s native coin has showcased an interesting price action in its market trend as it remained above the 50-day EMA as well as the 200-day EMA. This has confirmed a bullish prediction for the digital asset. A fall through the 50-day EMA could signal a bear run to the $0.5835 level, which is also XRP’s support price.  The 14-day RSI recorded 51.69 and signaled that XRP could break to levels above $0.6354, which is the marked resistance level. This could be a prior move towards the oversold zone.  At the time of writing, XRP is currently tagged at $0.622 with a weekly gain of 1.39%. However, its trading volume has reduced by 45.06% in the past 24 hours, according to CoinMarketCap. 

US crypto regulators have had a field day nay week with the notorious Binance-head Changpeng Zhao finally locked in the DOJ’s crosshairs and the SEC pursuing legal action against Kraken. Let’s find out more.  Bitcoin After Wednesday’s large gains in the crypto market, Bitcoin is once again knocking on the door of $38,000. A breakthrough here could see the way clear to $48,000. Grayscale has submitted an updated spot Bitcoin ETF prospectus following a meeting with the Securities and Exchange Commission (SEC).  Pro-Bitcoin Javier Milei has won Argentina’s presidential run-off election, held on the 19th of November, after his opponent Sergio Massa conceded defeat.  Ethereum Despite withdrawals being shut until March, Ethereum Layer-2 Blast has created unprecedented hype on social media and has seen over $225 million in staked ETH (stETH) and stablecoins deposited since Monday.  DeFi DeFi aggregator Kinetex has successfully concluded a strategic funding round, where it secured funding from Gnosis Chain and Factor to perfect its cross-chain trading approach by incorporating zero-knowledge (Zk) technology.  Technology Crypto exchange Kucoin is enabling payments across traditional and crypto networks with its new Kucard. Circle, the force behind the widely adopted USDC stablecoin, has introduced a groundbreaking development with the launch of its new 'Bridged USDC Standard.'  Business BBVA Switzerland forges a strategic alliance with Ripple-owned Metaco to build its digital asset operations via the latter’s Harmonize platform.  The Silvergate Capital Corporation has announced the full repayment of Silvergate Bank’s remaining deposit liabilities.  Ripple, makers of the XRP cryptocurrency and ledger tech stack, has announced a new partnership, which it has formed with Uphold, a Web3 financial platform specializing in liquidity management. Changpeng Zhao is reportedly signing off and stepping down from his role as Binance’s CEO following a $4.3 billion fine on the crypto exchange alongside criminal charges from the U.S. government Brian Armstrong, CEO of Coinbase, called Binance co-founder Changpeng Zhao’s resignation an opportunity to start a new chapter for the crypto industry.  Liechtenstein-based cryptocurrency exchange Bittrex Global has announced that it will suspend all operations by the 4th of December as it prepares to shut down following a bruising battle with the SEC. Technology giant Apple Inc. faces a class action lawsuit filed by Venmo and Cash App users for allegedly abusing its market power to curb competition for mobile peer-to-peer (P2P) payments, leading to inflated fees.  Stablecoin issuer Tether has frozen $225 million worth of stolen USDT following a collaboration with the United States Department of Justice and crypto exchange OKX.  Web3 Crypto gaming giant Animoca Brands is set to expand its Web3 Frequent Player Program by incorporating Ubisoft's highly anticipated NFT game, Champions Tactics: Grimoria Chronicles. Security HTX, formerly known as Huobi Global, plans to resume its services within 24 hours following a massive hack that saw the exchange lose an estimated $30 million.  Mastercard will combine its crypto intelligence solution with Feedzai’s RiskOps platform in order to identify fraudulent transactions before they occur. KyberSwap has become the latest decentralized exchange to fall victim to a hack, with the attacker draining nearly $50 million from the DEX aggregator.  Cryptocurrency fintech firm Kronos Research has confirmed the news of a hack, where the attackers had somehow gained access to the company's API keys and made off with various crypto assets. Regulation  The co-founder of cryptocurrency exchange Kraken, Jesse Powell, has applauded the US Department of Justice (DOJ) for the crackdown on Binance and its CEO Changpeng Zhao (CZ).  The DOJ is seeking over $4 billion from Binance Holdings as it looks for a resolution to a year-long investigation into the exchange and its operations. The SEC has sued cryptocurrency exchange Kraken for operating as an unregistered securities exchange, broker, dealer, and clearing agency.  Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Top Stories This Week US officials announce $4.3B settlement with Binance, plea deal with CZ Binance and its co-founder, Changpeng CZ Zhao, have reached a settlement over criminal and civil cases with the United States Department of Justice. CZ will plead guilty to one felony charge as part of the negotiated agreement. Attorney General Merrick Garland announced the settlement, claiming Binances policies allowed criminals involved in illicit activities to move stolen funds through the exchange. As part of the settlement, CZ announced on X (formerly Twitter) that he had stepped down as CEO and that Binances global head of regional markets, Richard Teng, will assume the position. He added he was proud to point out that U.S. officials didnt allege that Binance misappropriated funds or manipulated markets. CZ was released on bail and is battling government efforts to bar his return to the United Arab Emirates to be with his family. His sentencing is scheduled for February. BlackRock met with SEC officials to discuss spot Bitcoin ETF Representatives from BlackRock and Nasdaq met with the U.S. Securities and Exchange Commission (SEC) to discuss the proposed rule allowing the listing of a spot Bitcoin exchange-traded fund (ETF). BlackRock provided a presentation detailing how the firm could use an in-kind or in-cash redemption model for its iShares Bitcoin Trust. Many reports have suggested the SEC could be nearing a decision on a spot BTC ETF for listing on U.S. markets. SEC officials also met with Grayscale representatives this week to discuss the listing of a Bitcoin ETF. BlackRock is one of many firms with spot crypto ETF applications in the SEC pipeline awaiting a response, including Fidelity, WisdomTree, Invesco Galaxy, Valkyrie, VanEck and Bitwise. Bitcoin user pays $3.1M transaction fee for 139 BTC transfer A Bitcoin user paid $3.1 million in fees for transferring 139.42 BTC. The transaction fee is the eighth-highest in Bitcoins 14-year history. A wallet address tried transferring 139.42 BTC only to pay more than half the actual value of the transaction fee. The destination address received only 55.77 BTC. The mining pool Antpool captured the absurdly high mining fee on block 818087. This is the largest Bitcoin transaction fee ever paid in dollar terms, knocking off Paxos’s September transfer of $500,000. SEC sues Kraken alleging its an unregistered exchange, mixes user funds The U.S. Securities and Exchange Commission has sued Kraken, alleging it commingled customer funds and failed to register with the regulator as a securities exchange, broker, dealer and clearing agency. Additionally, the SEC alleged Krakens business practices and deficient internal controls saw the exchange commingle up to $33 billion worth of customer assets with its own. The SEC said this resulted in a significant risk of loss for its clients. In a follow-up blog post, Kraken said the SECs commingling accusations were no more than Kraken spending fees it has already earned, and the regulator doesnt allege any user funds are missing. Appeals court rejects Sam Bankman-Frieds bid for release Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction. Government prosecutors accused Bankman-Fried of leaking Caroline Ellisons journals to The New York Times in July, which caused his bail to be revoked by a New York District Court. Bankman-Fried was found guilty of seven fraud and money laundering-related charges on Nov. 2. The former FTX CEO will remain behind bars while he awaits his sentencing on March 28 next year. Winners and Losers At the end of the week, Bitcoin (BTC) is at $37,710, Ether (ETH) is at $2,079, and XRP is at $0.62. The total market cap is at $1.43 trillion, according to CoinMarketCap. Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Blur (BLUR) at 99.25%, FTX Token (FTT) at 39.05% and KuCoin Token (KCS) at 24.82%.  The top three altcoin losers of the week are Celestia (TIA) at -19.89%, ORDI (ORDI) at -17.63% and THORChain (RUNE) at -15.53%.For more info on crypto prices, make sure to read Cointelegraphs market analysis. Read also Features AI has killed the industry: EasyTranslate boss on adapting to change Asia Express Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs Asia Express Most Memorable Quotations The U.S. has a financial regime that basically has been weaponized. Charles Hoskinson, founder of Cardano I made mistakes, and I must take responsibility. Changpeng CZ Zhao, former CEO of Binance We, the employees of OpenAI, have developed the best models and pushed the field to new frontiers, [but] the process through which you terminated Sam Altman […] has jeopardized all of this work and undermined our mission and company. OpenAI employees Get your crypto company out of the U.S. warzone. Jesse Powell, co-founder of Kraken The regulatory uncertainty that permeates the U.S. market is having an impact on the rest of the world. Oliver Linch, CEO of Bittrex Global Im looking forward to returning to OpenAI and building on our strong partnership with Microsoft. Sam Altman, CEO of OpenAI Prediction of the week Enjoy sub-$40K Bitcoin PlanB stresses $100K average BTC price from 2024 Bitcoin buyers should enjoy the chance to add to their stack below $40,000, according to PlanB, pseudonymous creator of the stock-to-flow family of BTC price models. He believes Bitcoin will rise much higher than its recent 18-month highs. Bitcoin bear market bottoms are characterized by the spot price dipping below the realized price, while bull markets begin once the spot crosses the two-year and five-month realized price levels. BTC/USD is now once again above all three realized price iterations. Enjoy sub-$40k bitcoin … while it lasts, PlanB commented on an accompanying chart. Asked whether the market should expect lower levels from here, PlanB would not be drawn, saying that he simply expected an average BTC price of at least $100,000 between 2024 and 2028 Bitcoins next halving cycle. FUD of the Week HTX to restore services within 24 hours after $30M hack Crypto exchange HTX, formerly known as Huobi Global, resumed deposits and withdrawals within 24 hours after suffering a $30 million exploit on Nov. 22. The exploit was reported to be $13.6 million around the time of the incident, but has since increased in value. HTX’s hot wallets were compromised alongside a coordinated $86.6 million attack against the HTX Eco (HECO) Chain bridge, consisting of HTX, Tron and BitTorrent. The company has promised to fully compensate users for any losses incurred as a consequence of the hack. CZ an unacceptable risk of flight, should stay in US: DOJ United States prosecutors are trying to stop former Binance boss Changpeng CZ Zhao from leaving the country, expressing concern about his potential flight risk. The government requested a review and overturn of a judges decision that would allow Zhao to return to his home in the United Arab Emirates (UAE) on a $175 million bond under the condition that he returns to the U.S. two weeks before his February 2024 sentencing. In a proposed order, prosecutors wrote that Zhao presents an unacceptable risk of flight, arguing that his ties and favored status in the UAE, along with the countrys lack of an extradition treaty with the U.S., are reasons to block him from leaving the country. KyberSwap hacker offers $4.6M bounty for return of $46M loot The decentralized exchange KyberSwap has offered a 10% bounty reward to the hacker who stole $46 million on Nov. 22 and left a note of negotiation. The exchange wants 90% of the loot returned. The hacker made away with roughly $20 million in Wrapped Ether, $7 million in wrapped Lido-staked Ether and $4 million in Arbitrum tokens. The hacker then siphoned the loot across multiple chains, including Arbitrum, Optimism, Ethereum, Polygon and Base. Read also Features What the hell is Web3 anyway? Features Space invaders: Launching crypto into orbit Top Magazine Pieces of the Week This is your brain on crypto: Substance abuse grows among crypto traders According to some addiction experts, the high-stress atmosphere of cryptocurrency trading can provide a perfect environment for substance abuse. Michael Saylors a fan, but Frisby says bull run needs a new guru: X Hall of Flame Bitcoin enthusiast Dominic Frisby has a wild journey, from penning one of the first-ever Bitcoin books to plastering Bitcoin fixes this on the Bank of England. 6 Questions for Alex O’Donnell about financial journalism and the future of DeFi Alex ODonnell spoke to Cointelegraph Magazine about his career as a financial journalist and how it led to his involvement in crypto and Umami DAO. Subscribe The most engaging reads in blockchain. Delivered once a week. Email address SUBSCRIBE

Withdrawing funds from exchanges in the currency circle is an important topic that investors pay attention to. Especially in order to avoid the risk of freezing your bank card, it is crucial to choose the safest method. This article will discuss how to withdraw funds from online exchanges and how to choose the safest method. First of all, online withdrawal refers to the withdrawal operation on the exchange. Currently, there are two relatively reliable exchanges in China, namely An and OKX. The online withdrawal process is mainly realized through the C2C functional area of ​​these two exchanges. Users sell the currency they want to sell to merchants on the platform, select a suitable price range, and determine the payment method. Although the trading process is relatively simple, many novices may not understand the potential risks involved. The funding sources of some merchants may not be transparent enough, and even the merchants themselves cannot determine it. If there is a problem with the funds received, it is very likely that the user's bank card will be frozen by the public security agency. Therefore, novice investors should pay attention to careful screening when choosing merchants and try to avoid transactions with merchants with unknown risks. Although there is no 100% guarantee that withdrawals from the exchange will not be frozen, we can reduce the probability of being frozen by carefully analyzing and selecting some reliable merchants. The more transactions a merchant has, it means that its risk control level is higher, because in this industry, merchants with better risk control are more likely to survive. Therefore, it is recommended to try to choose merchants with a larger number of transactions and a longer registration date for transactions. Remember, the higher the merchant's certification level, the higher its risk control level. Choose one with the Pro logo or a Diamond Bulk Dealer