Elon Musk recently tweeted that he believes fiat currency is a scam. Would you like to know why he said that? Many in the Bitcoin community see this as a bullish sign for the cryptocurrency. #elonmusktweet #CryptoNews #crypto2023 #crypto #BTC

💬 Quote of The Day 🔥 “Fiat currency is a scam” Elon Musk. #SpaceCatch #crypto2023 #Binance #bitcoin

Becoming a Crypto Arbitrage Trader with $100 Quick Guide What You Need - A computer or mobile device with internet access - A crypto wallet - $10 or more in fiat currency (e.g., USD, EUR) Finding Arbitrage Opportunities - Manually monitor cryptocurrency prices on different exchanges. - Use a crypto arbitrage scanner website or app to spot opportunities. Making an Arbitrage Trade 1. Deposit fiat currency into the exchange with the lower crypto price. 2. Buy the cryptocurrency at the lower price. 3. Transfer the cryptocurrency to the exchange with the higher price. 4. Sell the cryptocurrency at the higher price. 5. Withdraw your fiat currency from the higher-priced exchange. Risks - Watch out for exchange fees that can reduce profits. - Be mindful of rapid price changes in cryptocurrencies. - Consider liquidity risks that could make selling at a profit challenging. #crypto2023 #CryptoNews #cryptocurrency #crypto #CRYPTOTRADINGBOTS

How to Become a Crypto Arbitrage Trader with $10: Beginners Guide Crypto arbitrage trading is a strategy that involves profiting from the price differences between different cryptocurrency exchanges. This can be a profitable way to make money, but it is important to understand the risks involved before getting started. What You Need to Get Started To get started with crypto arbitrage trading, you will need: A computer or mobile device with internet access A crypto wallet $10 or more in fiat currency (e.g., USD, EUR) How to Find Arbitrage Opportunities There are a number of ways to find arbitrage opportunities. You can manually monitor the prices of different cryptocurrencies on different exchanges, or you can use a crypto arbitrage scanner. Crypto arbitrage scanners are websites or apps that track the prices of cryptocurrencies across different exchanges and alert you to potential arbitrage opportunities. How to Make an Arbitrage Trade Once you have found an arbitrage opportunity, you can make a trade by following these steps: Deposit fiat currency into one of the exchanges where the cryptocurrency is being sold at a lower price. Buy the cryptocurrency at the lower price. Transfer the cryptocurrency to the other exchange where it is being sold at a higher price. Sell the cryptocurrency at the higher price. Withdraw your fiat currency from the other exchange. Risks of Crypto Arbitrage Trading Crypto arbitrage trading is a relatively low-risk trading strategy, but there are still some risks to be aware of: Exchange fees: Exchanges charge fees for deposits, withdrawals, and trades. These fees can eat into your profits. Price volatility: The prices of cryptocurrencies can fluctuate rapidly. This means that there is a risk that the price of the cryptocurrency you are buying will fall before you can sell it at a higher price. Liquidity risk: There is a risk that there may not be enough buyers or sellers for the cryptocurrency you are trading. This could make it difficult to sell your cryptocurrency at a profit. #crypto #cryptonews #DeFiChallenge

This is a general announcement. Products and services referred to here may not be available in your region. To extend our gratitude to the users for their support, Binance P2P is giving away 5,000 USDT in token voucher rewards. Join the activity to unlock the “P2P Birthday Cake” and grab your share home! Join the Promotion Now! Promotion Period: 2023-10-04 00:00 - 2023-10-17 23:59 (UTC) During the promotion period, all eligible users will receive one of the five icon cards (i.e., Safer, Faster, Easier, Freedom, or User Focused) each time they complete a qualified P2P purchase. Users will then be able to generate the “P2P Birthday Cake” upon collecting the complete set of five unique icon cards. How to Unlock P2P Birthday Cake Complete the purchase tasks listed below to unlock icon cards. After completing each qualified purchase, users may go to the activity page to unlock one of the five icon cards. Each task can be completed multiple times. Complete a single purchase of at least 50 USDT on Binance P2P across any fiat currency Complete a single purchase of at least 0.05 ETH on Binance P2P across any fiat currency Complete a single purchase of at least 0.01 BTC on Binance P2P across any fiat currencyGenerate the “P2P Birthday Cake” upon collecting five unique icon cards. * Tip: Share icon cards you need on social media, and exchange your extra icon cards with your friends to complete your collection! Rewards Structure: All users who successfully unlock the P2P Birthday Cake during the Promotion Period will be qualified to receive a share of a 5,000 USDT prize pool in token vouchers, based on the number of icon cards collected by each qualified user as a proportion of the total number of icon cards collected by all qualified users.Rewards Calculation: The reward for each qualified user = (The number of icon cards collected by the user / Total number of icon cards collected by all qualified users) * 5,000 USDT prize pool in token vouchers. Please note that the reward per qualified participant is capped at 8 USDT in token voucher. For More Information Introduction to P2P TradingBinance P2P Newbie GuideHow to Buy Cryptocurrency on Binance P2P (App/Web)How to Sell Cryptocurrency on Binance P2P (App/Web)How to Choose and Rank a Trustworthy Counterparty for P2P Trading Terms & Conditions These terms and conditions (“Activity Terms”) govern your participation in this Collect & Win Activity (“Activity”). By participating in this Activity, you agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy.Only users who complete KYC and unlock the P2P Birthday Cake during the Promotion Period will be qualified to receive rewards.The Binance Terms and Conditions for Prize Promotions apply to this Promotion.This Promotion is applicable to takers only. Taker: When you place an order on Binance P2P that trades immediately before going on the order book, you are a taker. These trades are “taking” volume off the order book, and are therefore taker trades.The Promotion is applicable to all fiat currencies supported on the Binance P2P platform.Please note that the rarity of each icon card may vary.Users will only receive rewards from the Promotion if all five (5) unique icon cards are collected to unlock the P2P Birthday Cake. Any other combination will not be eligible for a reward.Users are able to exchange their icon cards with other users without any limits. These exchanges can be completed at any time of the day. Binance does not condone the buying or selling of icon cards amongst users. Any losses incurred from this will not be Binance’s responsibility.Binance will use the daily closing price of the local currency to USD foreign exchange rate for the calculation of users’ total purchasing volumes on Binance P2P during the Promotion Period.All token voucher rewards will be distributed within three weeks after the Promotion ends. Users will be able to log in and redeem their token vouchers via Profile > Rewards Hub.All the distributed token vouchers will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date.Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.Binance reserves the right to disqualify trades that are deemed to be illegally bulk registered accounts.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

When is cryptocurrency not taxed. Here are all you need to know There are some cryptocurrency transactions that are not subject to either capital gains or income tax: Purchasing cryptocurrency with fiat currency Holding cryptocurrencies without selling them Moving cryptocurrency between your own cryptocurrency wallets Gifting cryptocurrency amounting to less than $15,000 Donating cryptocurrency to charities (in fact, this may be tax deductible) Creating an NFT (unless it is sold). It is essential to accurately track and report all cryptocurrency transactions and consult a tax professional to meet all obligations. For some, it may just be a matter of screenshotting the few crypto transactions they’ve made all year. For others, recording crypto transactions across all Web3 ecosystems can be an arduous affair. Several purpose-built crypto tax software solutions are available for tracking and generating reports for cryptocurrency transactions. Popular options include Koinly, CoinLedger and Accointing. Here’s a step-by-step guide to tracking and reporting crypto transactions: - Identify and organize all of your cryptocurrency transactions, including trades, purchases and sales. Make a list of the type of cryptocurrency or asset, the date of the transaction, the amount and the value at the time of the transaction. It’s also a good practice to note the relevant wallet addresses. -Calculate the cost basis for each transaction, which includes the purchase price, fees and any other costs incurred. -Determine the gain or loss on each transaction, which is the difference between the cost basis and the fair market value of the cryptocurrency at the time of the sale or trade. -Separate your short-term and long-term transactions based on whether you’ve held the crypto asset in question for less than a year (short-term) or longer than a year (long-term). By keeping accurate records and staying informed on the latest tax guidelines, you can easily navigate the tax implications of your cryptocurrency investments.

• Ethereum hit $10 billion in annual revenue in roughly 7.5 yrs, outpacing Facebook & Microsoft, which achieved the same milestone in over 7.5 yrs & 19 yrs, respectively. - Pudgy Penguins waddle their way into 2,000 Walmart locations - Bitboy Crypto, Released on Bail After Arrest. He was arrested for "loitering/prowling" and for "simple assault by placing another in fear" with a bond amount of $2,600. - SEC Postpones ARK 21Shares Bitcoin ETF Decision Until 2024, utilizing its maximum extension window. - A group of Republican and Democratic lawmakers: Reps. Mike Flood, R-Neb., Tom Emmer, R-Minn., Ritchie Torres, D-N.Y. and Wiley Nickel, D-N.C., urge SEC Chair Gensler to allow spot bitcoin ETFs 'immediately' - The co-founder of AirBit Club — a cryptocurrency Ponzi scheme that swindled investors of over $100 million — has been sentenced to 12 years in prison. Pablo Rodriguez pleaded guilty to wire fraud conspiracy charges in a United States district court in March - A recent Chainalysis report highlights the UAE as a leading pro-crypto hub, crediting its government and key cities for their strong push towards innovation. - MoneyGram unveils non-custodial wallet to bridge the worlds of crypto and fiat currency with USDC - Circle launches native euro stablecoin on Stellar - Mixin Network offers $20M bug bounty to hackers in $200M hack - Bitwise Asset Management has updated its application for a Bitcoin ETF, addressing SEC objections with 40 new pages of content. But, it remains uncertain if these changes will fully meet regulatory requirements, cautioned a company executive. The updates specifically address the SEC's concerns about using the CME BTC futures market for surveillance sharing. - Casey Rodarmor, the creator of Bitcoin Ordinals, has unveiled Rune, a new token protocol. Rune addresses BRC-20 limitations by simplifying, enhancing user experience, and managing UTXOs, aiming to improve Bitcoin's fungible token capabilities. - Taiwan's Financial Supervisory Commission (FSC) has introduced new rules to improve protections for cryptocurrency investors. The FSC has released a set of industry guidelines for virtual asset service providers (VASPs) operating in the country, which include rules such as separating exchange's treasury assets from customer assets and reviewing mechanisms for listing and delisting virtual assets. The FSC has also required foreign VASPs to obtain necessary approvals from the regulator before providing services in Taiwan. In response, major crypto exchanges in Taiwan have formed a joint self-regulatory association. This move comes as the FSC plans to become the primary regulator of cryptocurrencies in Taiwan in 2023. - Alchemy acquired blockchain indexing platform Satsuma for an undisclosed sum. Satsuma will become Alchemy Subgraphs as part of the deal. - Fhenix, a privacy-focused Ethereum blockchain, raised $7 million in a seed round led by Multicoin Capital and Collider Ventures, with support from backers like Bankless, Node Capital, and HackVC. These funds will help launch the public testnet in early next year. - OKX Releases 11th Proof of Reserves Report With Over $11.2B in Primary Assets - Gemini Expands in India With $24M Investment in Gurgaon Development Centre - Kraken Progresses European Expansion, Secures EU E-Money License - Crypto exchange Binance has agreed to sell the entirety of its Russia business to CommEX as it looks to fully exit the market over compliance concerns. - The US Treasury's OFAC has sanctioned an Ethereum wallet linked to Jimenez Castro, a Mexican with Sinaloa cartel ties, as part of a counter narcotics effort. The wallet, active since January, received approximately $740,000 in deposits on Binance over two months, according to Arkham data.

Good Morning G's! Listen up, 🔥 Here are the 16 crypto projects you must have in your portfolio, according to Top G: 👑Bitcoin (BTC) 🟠Ethereum (ETH) 🌐Tether (USDT) 💵USD Coin (USDC) 💵Binance Coin (BNB) 🔶Polygon (MATIC) 💜Chainlink (LINK) ⛓Uniswap (UNI) 🦄AAVE (AAVE) 👻Yearn.finance (YFI) 🧀Curve Finance (CRV) 🌈Solana (SOL) ☀️Polkadot (DOT) 🔴⚪️Avalanche (AVAX) 🔺Terra (LUNA) 🌔These projects are the best of the best in the crypto space. 💪 They have strong teams, innovative technologies, and large and active communities. 👥 If you want to be successful in crypto, you need to invest in these projects. 🤑Now, I know what you're thinking: "Top G, why should I listen to you? You're just a self-important influencer." 🙄Well, let me tell you something. I'm not like the other influencers. 😤 I'm not here to sell you dreams or bullshit you with empty promises. 💩 I'm here to give you the real deal. 👊I've been in the crypto game for a long time, 👴 and I've seen it all. I've seen projects go to the moon 🚀 and projects go to zero. 📉 But one thing has remained constant: the projects that I've recommended have always performed well. 📈Let me tell you the benifit of All Bitcoin (BTC) 🟠* Decentralized ⚖️* Secure 🛡️* Transparent 🔍* Global asset 🌎* Potential for appreciation 📈Ethereum (ETH) 🌐* Decentralized platform for smart contracts and decentralized applications 📝✨* Home to many popular altcoins, such as Chainlink, Uniswap, and AAVE ⛓️🦄👻* Potential for appreciation 📈Tether (USDT) 💵* Stablecoin pegged to the US dollar 🇺🇸* Provides liquidity to cryptocurrency exchanges 💦* Makes it easy to convert cryptocurrencies into fiat currency fiat 💱USD Coin (USDC) 💵* Stablecoin pegged to the US dollar 🇺🇸* Backed by a consortium of regulated financial institutions 🏦* Makes it easy to convert cryptocurrencies into fiat currency 💱Binance Coin (BNB) 🔶* Used to pay for trading fees on Binance 💰* Accesses exclusive features on Binance, such as margin trading and lending 📈🤝* Potential for appreciation 📈Polygon (MATIC) 💜* Layer-2 scaling solution for Ethereum 🚀* Fast and cheap transactions on Ethereum ⏩🪙Chainlink (LINK) ⛓️* Decentralized oracle network ⛓️* Allows smart contracts to access real-world data 🌐📝* Used by many popular DeFi applications, such as Aave and Uniswap ⛓️🦄👻Uniswap (UNI) 🦄* Decentralized exchange 🤝* No middleman required 🧍‍♂️🧍‍♀️* One of the most popular decentralized exchanges in the world 🌎AAVE (AAVE) 👻* Decentralized lending platform 🤝* Borrow and lend cryptocurrencies 💰* One of the most popular DeFi applications in the world 🌎Yearn.finance (YFI) 🧀* Yield aggregator 📈* Helps users earn the highest possible yield on their crypto assets 💰* Popular DeFi application that helps users optimize their returns 📈Curve Finance (CRV) 🌈* Decentralized exchange optimized for stablecoin trading 🔁* Popular DEX for stablecoin traders 📊Solana (SOL) ☀️* High-performance blockchain ⏩* Capable of processing thousands of transactions per second ⚡* Popular blockchain for developing decentralized applications ✨Polkadot (DOT) 🔴⚪️* Blockchain that allows other blockchains to communicate with each other ⛓️🌐⛓️* Popular blockchain for developing interoperable applications ✨Avalanche (AVAX) 🔺* High-performance blockchain ⏩* Similar to Solana ☀️* Popular blockchain for developing decentralized applications ✨Terra (LUNA) 🌔* Blockchain focused on stablecoins ⚖️* Home to the popular Luna stablecoin 🌖So, if you want to make money in crypto, listen to Top G. Invest in the projects I've recommended, and you won't be disappointed. 💯"Follow TopG 💎👑""TopG is the best! 🚀📈""I'm so grateful for TopG's teachings. 💰🐐""TopG is the future! 🚀💎""Let's all go to the moon with TopG! 🚀🌕"Now go out there and get that bread, Hustlers! 💰💰💰 $BTC $ETH #crypto2023 #TopG

What Is Bitcoin As Legal Ten-der? | Lunch n' Learn. $BTC Bitcoin as legal tender refers to the recognition of Bitcoin, a decentralized digital currency, as an official form of payment within a particular jurisdiction. This means that Bitcoin can be used to settle debts, make purchases, and conduct transactions just like traditional fiat currencies such as the US dollar or Euro. El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. The government passed a law that recognizes Bitcoin as an official currency alongside the US dollar, which was already widely used in the country. This means that businesses in El Salvador are required to accept Bitcoin as payment for goods and services, and individuals can use it for everyday transactions. The decision to adopt Bitcoin as legal tender has both benefits and challenges. Proponents argue that it can promote financial inclusion, provide opportunities for economic growth, and reduce reliance on traditional banking systems. Bitcoin's decentralized nature also offers potential advantages such as lower transaction fees and faster cross-border payments. However, there are also concerns and criticisms surrounding the adoption of Bitcoin as legal tender. These include price volatility, regulatory challenges, potential money laundering risks, and the environmental impact of Bitcoin mining. Critics argue that the volatility of Bitcoin can create uncertainty in day-to-day transactions and may not be suitable for use as a stable medium of exchange. Overall, the adoption of Bitcoin as legal tender represents a significant milestone in the mainstream acceptance of cryptocurrencies. It demonstrates a shift towards incorporating digital currencies into established financial systems, although the full implications and long-term effects are yet to be seen.

In the ever-evolving world of finance, the past decade has witnessed remarkable shifts in the value of currencies. Among these changes, one standout performer has been Bitcoin (BTC), which has consistently outpaced numerous national fiat currencies, including the mighty U.S. dollar (USD). The USD's Battle with Bitcoin Over the last ten years, the USD has experienced an astonishing depreciation of 99.52% against Bitcoin. We'll explore the factors behind this significant decline and what it means for the world's most widely used fiat currency. Bitcoin's Remarkable Price Appreciation During the same period, Bitcoin's value surged by over 22,000% against the USD, cementing its reputation as a lucrative investment. We'll discuss the drivers behind this extraordinary price appreciation and the implications for investors. Bitcoin vs. Global Fiat Currencies Beyond the USD, Bitcoin has proven its mettle against a vast array of fiat currencies. We'll examine data showcasing how Bitcoin outperformed 115 national currencies, including 17 from G20 member countries, and explore the global implications of this trend. Comparing Bitcoin to the Second-Worst Performer Intriguingly, even the second-worst performer on the list, the Sudanese Pound (SDG), fared better than the USD against Bitcoin. We'll delve into this surprising comparison and analyze the potential factors contributing to this outcome. Bitcoin's Impact on Emerging Markets We'll also explore Bitcoin's performance against the Indian Rupee (INR) and the Pakistani Rupee (PKR) in 2023, despite their lack of a 10-year track record. With losses of 99.63% and 99.82% respectively against Bitcoin, we'll examine the significance of these numbers for emerging markets. In Summary As Bitcoin continues to challenge traditional financial norms and redefine the concept of a global store of value, its performance against the USD and other fiat currencies remains a topic of great intrigue. The past decade has witnessed Bitcoin's staggering ascent, leaving us pondering its future impact on the world of finance and economics.

❓❓❓❓❓❓❓❓How #Binance is growing day by day? Binance is growing and evolving day by day for a number of reasons, including: 🔥Strong leadership: Binance CEO Changpeng Zhao (CZ), who is one of the most respected and influential people in the cryptocurrency world. CZ is known for his vision, execution, and commitment to customer satisfaction. 🔥Innovative products and services: Binance is constantly innovating, evolving and launching new products and services, informational content competition to meet the needs of its users. For example, Binance was one of the first exchanges to launch a margin trading platform, a futures trading platform, and a peer-to-peer trading platform where users can easily exchange crypto to FIAT. 🔥Global reach: Binance is a global exchange with users in over 180 countries and having more than 150 million active users. This global reach gives Binance a significant advantage over its competitors. 🔥Competitive fees: Binance offers some of the most competitive fees in the cryptocurrency industry. And Binance trading platform is superb in terms of order placing and order execution. This makes Binance a more attractive option for traders of all sizes. 🔥Solid security: Binance has major areas of strength for a record of safety. Binance has never been hacked, and it has various security highlights set up to safeguard its clients' assets. In addition to these factors, Binance is also growing day by day because of the following reasons: 😍😍😍The developing ubiquity of digital currencies: Digital forms of money are turning out to be progressively well known, and this is driving interest for digital currency trades like Binance. The rising reception of digital currencies by institutional financial backers: Institutional financial backers are beginning to take on digital forms of money, and this is driving interest for managed and agreeable digital currency trades like #Binance . #crypto2023 #BTC #BNB Keep updated with the Crypto related hot news, kindly follow me. Thank you