Nolimit Cypto News & Tips

Binance User Base Grew 30% This Year, Expanding Even After U.S. Legal Settlements

MicroStrategy has added to its bitcoin stash, which now amounts to 189,150 bitcoin.

https://www.bloomberg.com/news/articles/2023-09-11/bitcoin-btc-slips-below-25-000-solana-sol-falls-on-ftx-speculation#xj4y7vzkg

https://www.coindesk.com/policy/2023/08/24/ftx-taps-galaxy-to-sell-stake-and-hedge-its-crypto-billions/

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🌐 What are Altcoins?
Altcoins, short for "alternative coins," are all cryptocurrencies that are not Bitcoin. While Bitcoin paved the way for the crypto revolution, Altcoins have emerged as unique digital assets, each with its own features, use cases, and potential for growth. They offer a diverse range of opportunities for investors, traders, and technology enthusiasts alike! 💫

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🔒 Security and Wallets: Protecting Your Crypto
As you dive into the world of cryptocurrencies, it's crucial to prioritize security. Explore the different types of wallets, from hardware to software and cold storage, to safeguard your digital assets. Stay informed about best practices and the latest security measures.

🌟 What is Crypto?
Cryptocurrency, the digital revolution in finance, is transforming the way we transact and store value. Powered by blockchain technology, cryptocurrencies offer secure, decentralized, and transparent transactions, challenging traditional financial systems. Get ready to explore this groundbreaking landscape!

https://cryptonews.com/news/bitcoin-price-prediction-what-can-we-expect-from-imminent-cpi-report.htm

https://cryptonews.com/news/pepe-coin-price-prediction-as-pepe-becomes-top-10-most-traded-crypto-world-can-pepe-reach-1.htm

Top SEC Official Steps Down Following Controversial Meetings with Sam Bankman-Fried and FTX Lobbyists

Dan Berkovitz, General Counsel at the Securities and Exchange Commission, has stepped down amid reports that he had met and dined with disgraced FTX founder Sam Bankman-Fried.
In a recent announcement, the SEC said that Berkovitz is departing his role at the agency effective January 31. Megan Barbero, currently SEC Principal Deputy General Counsel, will be appointed General Counsel following his departure. 
Berkovitz was an ally of FTX within the financial regulatory agency and had meetings with Bankman-Fried and other crypto lobbyists, the Washington Examiner reported. The outlet claimed that it has viewed emails that suggest the SEC official had a warm relationship with SBF. 

Crypto Experts are Stocking Up on This Alt-coin Before the New Year

Dash 2 Trade is another Ethereum-based platform that, when it starts early next year, will give real-time statistics and social trading data. Trading signals, on-chain analytics, strategy-building tools, and newsfeeds will be among its initial features, assisting both rookie and expert traders in keeping up with the turbulent bitcoin market. The D2T token sale has raised more than $10.8 million and is expected to finish in only 10 days, giving early investors a rapidly closing window of opportunity. 

Binance joins U.S. lobby group's executive committee

Binance is joining the executive committee of the Chamber of Digital Commerce, a U.S. lobby group for the blockchain industry, as the world's biggest crypto exchange steps up its engagement with regulators. Binance will contribute to research and potentially influence the shape of crypto legislation through discussions with policymakers and regulators, according to a statement. The crypto giant joins traditional finance firms like Visa and Deloitte as well as blockchain firms such as Circle and OKCoin. The exchange's U.S. unit, Binance US.

FTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies

Femenia maintained FTX victims could retrieve between 20% and 40% of their investment. The global investment banking firm – Jefferies Group – reportedly determined FTX creditors could retrieve as much as 40% of their lost money. The executive, who has formed a five-person team to work on issues related to the bankrupt exchange, explained that rates could change once there is new data about the balance sheet of FTX. Femenia estimated that FTX owes between $10 billion and $13 billion to creditors. He outlined that between 5% and 10% of that amount needs to be paid to attorneys and relevant administrators.

SEC Rejects Grayscale ETF as Hong Kong Debuts See Gains

The Securities and Exchange Commission has reaffirmed its decision to reject Grayscale’s application for a Bitcoin exchange-traded fund (ETF). Grayscale’s proposal to convert its Bitcoin Trust into an ETF in June earlier this year. Grayscale argued that the SEC was discriminating against ETFs investing in spot Bitcoin. Upon receiving the rejection, Grayscale sued the SEC. It claimed the regulator was applying an unfair double standard by allowing exclusively Bitcoin futures ETFs on the market. the SEC was putting its shareholders at an unfair disadvantage.

Coinbase creates self-service recovery of unsupported ERC-20 tokens sent to exchange

Leading crypto exchange Coinbase has announced the launch of its asset recovery tool, which enables users to recover up to 4,000 unsupported ERC-20 tokens. Dec. 15 that it has developed a self-service recovery tool for ERC-20 tokens. Previously, users who sent tokens not registered on the Coinbase Ledger were at risk of not receiving them in their wallets. As a result, the funds remained unrecoverable since Coinbase does not have access to the private keys needed to reverse the transactions. Eligible Coinbase users can easily redirect lost assets to their self-custodial wallet, without disclosing their private keys.

BUSD’s supply falls below $20B as USDC’s supply climbs above $45B 📈

Binance USD’s (BUSD) supply declined by over 15% to $18.8 billion from $22 billion within the last 24 hours after Binance experienced a surge in withdrawals.The exchange saw the largest stablecoin outflow on Dec. 13, as over $2 billion was withdrawn in 24 hours. The withdrawals appeared to have affected BUSD’s supply as it dropped below $20 billion for the first time since climbing above it in September when Binance converted its users’ holdings in other stablecoins like USDC to BUSD. USDC appears to be the primary beneficiary of BUSD’s declining supply. Its market cap was largely around $65.8 billion throughout the reporting period.

Coinbase CEO says market fear and volatility are a 'moment to shine'

Coinbase CEO Brian Armstrong urged employees to be “prepared to serve” customers amid market volatility, citing a large number of Binance users making withdrawals as a contributing factor. “large withdrawals happening on Binance” as potentially a contributing factor. The 39-year-old chief executive also sought to remind staff that Coinbase does not have material exposure to rival Binance, safely stores customer assets and possesses $5 billion on its balance sheet. Coinbase shares closed Tuesday's trading session below $39 apiece, marking an all-time low.