Nolimit Cypto News & Tips

🪙 Token Tuesday: Altcoin Spotlight

Today, we’re focusing on Arbitrum (ARB), a Layer-2 scaling solution for Ethereum designed to enhance transaction speed and reduce costs.

Key Features:
• Scalability: Arbitrum significantly increases Ethereum’s transaction throughput, enabling faster and more efficient operations.
• Lower Fees: By offloading transactions from the main Ethereum chain, it reduces gas fees, making decentralized applications (dApps) more accessible.
• Developer Adoption: Many prominent dApps and DeFi platforms have integrated with Arbitrum, contributing to its growing ecosystem.

Growth Potential:

As Ethereum continues to face scalability challenges, solutions like Arbitrum are crucial for the network’s expansion. Its ability to provide faster and cheaper transactions positions it as a key player in the Ethereum ecosystem.

Stay tuned for more insights and updates on emerging altcoins.

📊 Market Monday: Weekly Crypto Recap (January 6–12, 2025)

🚨 Last Week in Crypto Recap
• Bitcoin (BTC): Experienced volatility, reaching a high of $101,000 before declining to approximately $95,000, marking a 3% weekly decrease.
• Ethereum (ETH): Dropped nearly 10%, trading around $3,200, influenced by market-wide sell-offs.
• Solana (SOL): Fell by 11%, reflecting the broader altcoin downturn.
• Dogecoin (DOGE): Declined by 11%, aligning with the general market trend.

🔍 This Week to Watch
• Federal Reserve Meeting: Scheduled for Wednesday, the Fed’s decisions could significantly impact crypto markets, especially regarding interest rates and regulatory policies.
• Bitcoin ETF Developments: Ongoing discussions about Bitcoin ETFs continue to influence market sentiment.
• Regulatory Landscape: The U.S. Consumer Financial Protection Bureau (CFPB) has proposed that cryptocurrency companies should be responsible for reimbursing customers for losses due to hacks or unauthorized transactions, aligning digital wallet security standards with those of traditional bank accounts.

💡 Analyst Insight
Analysts caution that if Bitcoin breaks below the key support level around $90,680, it could potentially decline to $73,000, indicating a possible 20% drop.

⚖️ The Future of Crypto Regulations: What You Need to Know 🌍

As the crypto market grows, governments worldwide are introducing new regulations. Here’s what to watch for and how it could impact the industry:

1️⃣ Global Crackdowns or Adoption?
• Some countries are tightening crypto laws (e.g., China banning crypto trading), while others, like El Salvador, embrace Bitcoin as legal tender.

2️⃣ Tax Implications
• Governments may impose stricter tax reporting requirements for crypto transactions. Stay informed to avoid penalties.

3️⃣ Stablecoins Under the Microscope
• Regulators are focusing on stablecoins, questioning their reserves and impact on financial stability. Could this reshape the market?

4️⃣ DeFi and DEX Oversight
• Decentralized platforms may face increased scrutiny, with questions about transparency, security, and compliance.

5️⃣ Impact on Innovation
• Will regulations drive innovation by legitimizing crypto or stifle progress with overly strict rules? This is a hot topic for debate!

💡 Pro Tip: Stay informed about regulatory changes in your country. Use compliant exchanges and always keep records of your transactions.

What do you think—will regulations help or hurt the crypto space? Share your thoughts in the chat! 💬
#CryptoRegulations #DeFi #NoLimitCrypto

🔒 Stay Safe in the Crypto World: Essential Security Tips! 🛡️

The crypto space is full of opportunities—but it’s also a target for scams and hacks. Protect your assets with these essential tips:

1️⃣ Use a Secure Wallet
• Opt for a hardware wallet (e.g., Ledger, Trezor) for long-term storage. Hot wallets are convenient but riskier.

2️⃣ Enable 2FA (Two-Factor Authentication)
• Add an extra layer of security to your exchange and wallet accounts.

3️⃣ Be Cautious with Links
• Avoid clicking on unknown links or downloading unverified apps. Phishing scams are common!

4️⃣ Keep Private Keys Private
• Never share your seed phrase or private keys with anyone. Write them down and store them in a safe place.

5️⃣ Stay Updated on Scams
• Learn about new scam tactics, from fake airdrops to impersonators on social media.

💡 Pro Tip: Always double-check URLs of exchanges and wallets. Bookmark official sites to avoid fake ones.

Let’s keep our crypto journey safe and secure! Share your own security tips in the chat. 💬
#CryptoSecurity #StaySafe #NoLimitCrypto

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! 💫

Channel photo updated

Channel name was changed to «Nolimit Cypto News & Tips»

🔒 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.