Tim is precious
READ & LEARN, LISTEN & LEARN, SEARCH & LEARN, SUCCESS IS WAITING FOR YOU , YOU JUST NEED TO FIND YOUR OWN WAY TO ACHIEVE IT..
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I think nowadays, the crypto world is just using our money by investing in their personal businesses. Maybe this is the time to think a hundred million times before investing our money in this useless digital currency. Instead of putting your money in this low-profit or none-profit investment, it's best to invest in businesses like grocery stores, shops, restaurants, real estate, etc..
Federal Reserve Anticipated To Cut Interest Rates In July 2024
According to BlockBeats, Citibank predicts that the Federal Reserve will cut interest rates in July 2024. The bank forecasts a total reduction of 100 basis points throughout the year. This move is expected to have significant implications for the economy, potentially stimulating growth and investment. However, it could also lead to inflationary pressures if not managed carefully. The Federal Reserve's decisions on interest rates are closely watched by investors and economists worldwide, as they can significantly impact global financial markets. The anticipated rate cut in July 2024 is therefore of great interest to many in the financial sector. Further details on the Federal Reserve's plans will be eagerly awaited.
According to BlockBeats, Citibank predicts that the Federal Reserve will cut interest rates in July 2024. The bank forecasts a total reduction of 100 basis points throughout the year. This move is expected to have significant implications for the economy, potentially stimulating growth and investment. However, it could also lead to inflationary pressures if not managed carefully. The Federal Reserve's decisions on interest rates are closely watched by investors and economists worldwide, as they can significantly impact global financial markets. The anticipated rate cut in July 2024 is therefore of great interest to many in the financial sector. Further details on the Federal Reserve's plans will be eagerly awaited.
US SEC Expected To Reject Ethereum ETF Approval Next Month
According to PANews, industry insiders have revealed that the US Securities and Exchange Commission (SEC) is anticipated to reject the approval of a spot Ethereum ETF next month. This information was initially reported by Jinshi. The SEC's decision could have significant implications for the cryptocurrency market, particularly for Ethereum, which is the second-largest cryptocurrency by market capitalization. However, the reasons behind the SEC's expected decision have not been disclosed. The SEC has been known to be cautious when it comes to approving ETFs for cryptocurrencies, citing concerns over market manipulation and investor protection. This news comes as the latest development in the ongoing dialogue between the cryptocurrency industry and regulatory bodies. The SEC's stance on cryptocurrency ETFs has been a topic of discussion for some time, with many in the industry advocating for more clarity and regulation. Despite the anticipated rejection, the demand for cryptocurrency ETFs continues to grow, reflecting the increasing interest and investment in the sector. The SEC's decision on the Ethereum ETF will be closely watched by industry participants and could set a precedent for future cryptocurrency ETF applications.
According to PANews, industry insiders have revealed that the US Securities and Exchange Commission (SEC) is anticipated to reject the approval of a spot Ethereum ETF next month. This information was initially reported by Jinshi. The SEC's decision could have significant implications for the cryptocurrency market, particularly for Ethereum, which is the second-largest cryptocurrency by market capitalization. However, the reasons behind the SEC's expected decision have not been disclosed. The SEC has been known to be cautious when it comes to approving ETFs for cryptocurrencies, citing concerns over market manipulation and investor protection. This news comes as the latest development in the ongoing dialogue between the cryptocurrency industry and regulatory bodies. The SEC's stance on cryptocurrency ETFs has been a topic of discussion for some time, with many in the industry advocating for more clarity and regulation. Despite the anticipated rejection, the demand for cryptocurrency ETFs continues to grow, reflecting the increasing interest and investment in the sector. The SEC's decision on the Ethereum ETF will be closely watched by industry participants and could set a precedent for future cryptocurrency ETF applications.
Merlin Emerges as Largest Bitcoin Sidechain with Over $1 Billion in Total Value Locked
According to Blockworks, the Bitcoin blockchain ecosystem has seen a surge in speculative points farming, with Merlin leading the trend. Merlin, which was relatively unknown a month ago, has experienced a 2,000% growth in the past 30 days. It now has over $1 billion in total value locked (TVL), making it the largest Bitcoin sidechain, according to data from DeFiLlama. This puts Merlin ahead of established layer-1s like Avalanche and Polygon.
More than half of Merlin’s $1 billion is held in Solv Finance, a protocol that allows users to deposit wrapped bitcoin and receive 'Solv Points' in return. Solv and Merlin are currently running a promotion encouraging users to farm for points and tokens. In the crypto world, points are valueless participation tallies that often determine allocations in future token airdrops. Following recent airdrops that converted points to large sums of tokens related to Solana and EigenLayer, points farming has found its place in the Bitcoin ecosystem.
Merlin also airdropped its native MERL token to users last week. However, the token has seen a nearly 40% slump since being listed on CoinGecko. Merlin presents itself as a Bitcoin layer-2 solution, integrating zero-knowledge proofs with Bitcoin’s blockchain through Taproot. This integration enhances transaction privacy and efficiency significantly. Unlike Ethereum zk rollups where proofs are verified on-chain, Merlin’s proofs are verified off-chain by a decentralized network of oracle nodes before being batched and submitted to Bitcoin’s blockchain through Taproot. This off-chain handling of data and proofs ensures scalability and security without overloading the Bitcoin mainnet with excessive data.
Merlin's growth indicates a broader trend of renewed interest in speculative uses for bitcoin beyond its price. Runes, an evolution of the Ordinal inscription concept, went live at the halving and have caused a spike in the network’s transaction fees.
According to Blockworks, the Bitcoin blockchain ecosystem has seen a surge in speculative points farming, with Merlin leading the trend. Merlin, which was relatively unknown a month ago, has experienced a 2,000% growth in the past 30 days. It now has over $1 billion in total value locked (TVL), making it the largest Bitcoin sidechain, according to data from DeFiLlama. This puts Merlin ahead of established layer-1s like Avalanche and Polygon.
More than half of Merlin’s $1 billion is held in Solv Finance, a protocol that allows users to deposit wrapped bitcoin and receive 'Solv Points' in return. Solv and Merlin are currently running a promotion encouraging users to farm for points and tokens. In the crypto world, points are valueless participation tallies that often determine allocations in future token airdrops. Following recent airdrops that converted points to large sums of tokens related to Solana and EigenLayer, points farming has found its place in the Bitcoin ecosystem.
Merlin also airdropped its native MERL token to users last week. However, the token has seen a nearly 40% slump since being listed on CoinGecko. Merlin presents itself as a Bitcoin layer-2 solution, integrating zero-knowledge proofs with Bitcoin’s blockchain through Taproot. This integration enhances transaction privacy and efficiency significantly. Unlike Ethereum zk rollups where proofs are verified on-chain, Merlin’s proofs are verified off-chain by a decentralized network of oracle nodes before being batched and submitted to Bitcoin’s blockchain through Taproot. This off-chain handling of data and proofs ensures scalability and security without overloading the Bitcoin mainnet with excessive data.
Merlin's growth indicates a broader trend of renewed interest in speculative uses for bitcoin beyond its price. Runes, an evolution of the Ordinal inscription concept, went live at the halving and have caused a spike in the network’s transaction fees.
Binance Market Update (2024-04-23)
The global cryptocurrency market cap now stands at $2.43T, up by 1.48% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $65,627 and $67,232 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $66,223, up by 0.40%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ATA, BNX, and DODO, up by 20%, 17%, and 14%, respectively.
The global cryptocurrency market cap now stands at $2.43T, up by 1.48% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $65,627 and $67,232 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $66,223, up by 0.40%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ATA, BNX, and DODO, up by 20%, 17%, and 14%, respectively.
US Senator Proposes Cryptocurrency Reporting and Wealth Tax Bill
According to PANews, US Senator Elizabeth Warren has submitted a letter to President Joe Biden, suggesting a 'Cryptocurrency Reporting and Wealth Tax Bill' to address challenges and wealth inequality issues caused by crypto assets. The proposal includes a mandatory requirement for individuals, trusts, and entities holding more than $1,000 in cryptocurrency to report to the IRS. Additionally, a 1% wealth tax would be levied on cryptocurrency holdings exceeding $500,000.
Senator Warren believes that the proposal strikes a balance between promoting innovation and ensuring tax fairness. She urges support for the bill to address the problems faced by the financial system and the economy. The proposed legislation could potentially reshape the landscape of cryptocurrency regulation and taxation in the United States, reflecting the government's increasing focus on the digital asset sector.
According to PANews, US Senator Elizabeth Warren has submitted a letter to President Joe Biden, suggesting a 'Cryptocurrency Reporting and Wealth Tax Bill' to address challenges and wealth inequality issues caused by crypto assets. The proposal includes a mandatory requirement for individuals, trusts, and entities holding more than $1,000 in cryptocurrency to report to the IRS. Additionally, a 1% wealth tax would be levied on cryptocurrency holdings exceeding $500,000.
Senator Warren believes that the proposal strikes a balance between promoting innovation and ensuring tax fairness. She urges support for the bill to address the problems faced by the financial system and the economy. The proposed legislation could potentially reshape the landscape of cryptocurrency regulation and taxation in the United States, reflecting the government's increasing focus on the digital asset sector.
According to Foresight News, investment bank Benchmark has given a 'buy' rating to the listed Bitcoin mining company Hut 8 and raised its target price to $12. The current stock price of Hut 8 is approximately $8.05.
In its evaluation, Benchmark considered the 'diversified business model' of the company after its merger with U.S. Bitcoin Corporation. This model includes self-mining, hosting services, high-performance computing, and artificial intelligence. The investment bank also pointed out that as of March 31, Hut 8 held the second-highest amount of Bitcoin among listed mining companies. It had a reserve of 9102 Bitcoins, worth approximately $592 million, which is equivalent to about 82% of its market value.
In its evaluation, Benchmark considered the 'diversified business model' of the company after its merger with U.S. Bitcoin Corporation. This model includes self-mining, hosting services, high-performance computing, and artificial intelligence. The investment bank also pointed out that as of March 31, Hut 8 held the second-highest amount of Bitcoin among listed mining companies. It had a reserve of 9102 Bitcoins, worth approximately $592 million, which is equivalent to about 82% of its market value.
Crypto Analyst Willy Woo Predicts Bull Market for Bitcoin Based on Price Ratio Model
According to Foresight News, cryptocurrency analyst Willy Woo has suggested that an exponential bull market for Bitcoin (BTC) is yet to begin, based on his BTC price ratio model. He indicated that the current cycle may structurally be a mix of the 2013 cycle, which saw strong demand, and the 2017 cycle, dominated by spot trading. The year 2020 was characterized by derivatives-controlled wash trading.
Woo's BTC price model is a composite result of three different price models moving relative to each other. These include: 1. The VWAP price, which is the volume of 'investor' transactions on the chain; 2. The realized price, which is based on cost; and 3. The CVDD price, which represents when old hands sell, also known as the 'bottom' model.
According to Foresight News, cryptocurrency analyst Willy Woo has suggested that an exponential bull market for Bitcoin (BTC) is yet to begin, based on his BTC price ratio model. He indicated that the current cycle may structurally be a mix of the 2013 cycle, which saw strong demand, and the 2017 cycle, dominated by spot trading. The year 2020 was characterized by derivatives-controlled wash trading.
Woo's BTC price model is a composite result of three different price models moving relative to each other. These include: 1. The VWAP price, which is the volume of 'investor' transactions on the chain; 2. The realized price, which is based on cost; and 3. The CVDD price, which represents when old hands sell, also known as the 'bottom' model.
USDT Supply on Ton Increases to $60 Million
According to Foresight News, the authorized supply of Tether (USDT) on the Ton blockchain has increased to $60 million. The data was revealed on Tether's transparency page. This development indicates a growing adoption of the Ton blockchain for stablecoin transactions.
According to Foresight News, the authorized supply of Tether (USDT) on the Ton blockchain has increased to $60 million. The data was revealed on Tether's transparency page. This development indicates a growing adoption of the Ton blockchain for stablecoin transactions.
Bitcoin(BTC) Surpasses 65,000 USDT with a 1.50% Increase in 24 Hours
On Apr 20, 2024, 17:10 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 65,000 USDT benchmark and is now trading at 65,145.039063 USDT, with a 1.50% increase in 24 hours.
On Apr 20, 2024, 17:10 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 65,000 USDT benchmark and is now trading at 65,145.039063 USDT, with a 1.50% increase in 24 hours.
Here are the latest predictions for the top 10 coins from Token2049 experts:
1. BTC is expected to hit $80,000 in May.
2. ETH could reach $4,500 between May and June.
3. BNB might rise to $650 in May to June.
4. SOL is projected to reach $350 in May to June.
5. DOT could hit $45 in June.
6. Matic may reach $3.5 between June and July.
7. ADA is predicted to be at $1.9 in May to June.
8. NEAR might reach $15 in May to June.
9. AGIX is anticipated to hit $3.5 in June.
10. DOGE could reach $0.45 between June and July.
#Megadrop #bitcoinhalving #Token2049 #BullorBear #Memecoins
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1. BTC is expected to hit $80,000 in May.
2. ETH could reach $4,500 between May and June.
3. BNB might rise to $650 in May to June.
4. SOL is projected to reach $350 in May to June.
5. DOT could hit $45 in June.
6. Matic may reach $3.5 between June and July.
7. ADA is predicted to be at $1.9 in May to June.
8. NEAR might reach $15 in May to June.
9. AGIX is anticipated to hit $3.5 in June.
10. DOGE could reach $0.45 between June and July.
#Megadrop #bitcoinhalving #Token2049 #BullorBear #Memecoins
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💰🤑💵
Warning warning ⚠️ ⚠️
Before you invest in any token
You must read this
👇👇👇👇
Be careful! Both the wrong and right information about BTC halving and the subsequent surge are everywhere.
This is how to identify the right information from the wrong ones. Read through for your benefit.
It's that season in the crypto world when everyone is seeking the right information on the next step to take in other to benefit from the coming bull run.
Hence everyone in this space has become an analyst, giving different analyses and predictions on BTC halving and the anticipated bull run, even when some of them do not have a portfolio that meets the criteria.
Different trading agencies and investors are going live to dish out their thoughts and analysis to educate other traders.
Different investors are making a series of posts to inform others about their thoughts and the right approach to take concerning the BTC halving.
I know information is a key factor if you want to succeed in this crypto space. But, in a situation where both the right and wrong information are flying everywhere in this crypto space, how then do you identify the right from the wrong??
It's obvious everyone has become a teacher, dishing out their thoughts about this BTC halving, the anticipated bull run, and the right tokens to invest in, even when most of them are not even sure of their thoughts(information) that is assumed to make you profit in your investments.
Here's what to do
Once you get any information,
1..Do your research
make inquiries on the source of the Information or news and the credibility of individuals dishing out such news.
2) Apply caution while making your investment,
cause any money lost is gone at your own expense
3) Don't be hasty to jump into overhyped coins or trends
4). Don't invest in newly listed tokens on the first day. wait and be calm till after the coin has retraced
5) always follow mentors like myself to receive real update
Cheers!!!!!!!!
Before you invest in any token
You must read this
👇👇👇👇
Be careful! Both the wrong and right information about BTC halving and the subsequent surge are everywhere.
This is how to identify the right information from the wrong ones. Read through for your benefit.
It's that season in the crypto world when everyone is seeking the right information on the next step to take in other to benefit from the coming bull run.
Hence everyone in this space has become an analyst, giving different analyses and predictions on BTC halving and the anticipated bull run, even when some of them do not have a portfolio that meets the criteria.
Different trading agencies and investors are going live to dish out their thoughts and analysis to educate other traders.
Different investors are making a series of posts to inform others about their thoughts and the right approach to take concerning the BTC halving.
I know information is a key factor if you want to succeed in this crypto space. But, in a situation where both the right and wrong information are flying everywhere in this crypto space, how then do you identify the right from the wrong??
It's obvious everyone has become a teacher, dishing out their thoughts about this BTC halving, the anticipated bull run, and the right tokens to invest in, even when most of them are not even sure of their thoughts(information) that is assumed to make you profit in your investments.
Here's what to do
Once you get any information,
1..Do your research
make inquiries on the source of the Information or news and the credibility of individuals dishing out such news.
2) Apply caution while making your investment,
cause any money lost is gone at your own expense
3) Don't be hasty to jump into overhyped coins or trends
4). Don't invest in newly listed tokens on the first day. wait and be calm till after the coin has retraced
5) always follow mentors like myself to receive real update
Cheers!!!!!!!!
Bitcoin Price Alert: Veteran Trader Peter Brandt Hints at Major BTC Move Ahead.
In his recent social media post, Legendary trader Peter Brandt teased the possibility of an incoming major price move for Bitcoin, hinting at the potential for a "pump" in the cryptocurrency's value.
In a chart presented, Brandt identified a recurring pattern in Bitcoin's market behavior, which he breaks down into three phases: 1. Hump-Slump, 2. Bump-Rump, 3. Pump-Dump. This whimsical yet insightful characterization captures the cyclical nature of Bitcoin price movements.
While the current cycle has completed the two phases of hump-slump and bump- rump, the third phase remains ongoing with the dump part fulfilled, which leaves the "pump" part unfulfilled as of yet.
Brandt's hint comes at a time when the cryptocurrency market is experiencing increased volatility and uncertainty, with Bitcoin seeing price drops. The potential of a major price move, as suggested by Brandt, adds to the intrigue regarding Bitcoin's price trajectory.
Further adding to the intrigue is the upcoming Bitcoin halving event, a phenomenon that historically impacts the price of Bitcoin. Halving reduces the reward for mining new blocks, effectively decreasing the rate at which new Bitcoins are created. This event has previously led to increased demand and a subsequent price rise, aligning with Brandt's suggestion of a major move ahead.
With just hours to go, analysts from JPMorgan Chase and Deutsche Bank believe that halving, which has long been touted as a major bullish factor for the BTC price, has already been priced in. JPMorgan analysts stated in a note dated Thursday that the biggest impact will be on Bitcoin mining rather than its price.
While the outcome of Brandt's hint is eagerly awaited, the exact timing and magnitude of the anticipated move remain unclear. Traders and investors, however, are closely monitoring the market for further indicators that could suggest Bitcoin's next move.
At the time of writing, Bitcoin was up 5.13% in the last 24 hours to $64,641 as selling by traders seemed to ease.
In his recent social media post, Legendary trader Peter Brandt teased the possibility of an incoming major price move for Bitcoin, hinting at the potential for a "pump" in the cryptocurrency's value.
In a chart presented, Brandt identified a recurring pattern in Bitcoin's market behavior, which he breaks down into three phases: 1. Hump-Slump, 2. Bump-Rump, 3. Pump-Dump. This whimsical yet insightful characterization captures the cyclical nature of Bitcoin price movements.
While the current cycle has completed the two phases of hump-slump and bump- rump, the third phase remains ongoing with the dump part fulfilled, which leaves the "pump" part unfulfilled as of yet.
Brandt's hint comes at a time when the cryptocurrency market is experiencing increased volatility and uncertainty, with Bitcoin seeing price drops. The potential of a major price move, as suggested by Brandt, adds to the intrigue regarding Bitcoin's price trajectory.
Further adding to the intrigue is the upcoming Bitcoin halving event, a phenomenon that historically impacts the price of Bitcoin. Halving reduces the reward for mining new blocks, effectively decreasing the rate at which new Bitcoins are created. This event has previously led to increased demand and a subsequent price rise, aligning with Brandt's suggestion of a major move ahead.
With just hours to go, analysts from JPMorgan Chase and Deutsche Bank believe that halving, which has long been touted as a major bullish factor for the BTC price, has already been priced in. JPMorgan analysts stated in a note dated Thursday that the biggest impact will be on Bitcoin mining rather than its price.
While the outcome of Brandt's hint is eagerly awaited, the exact timing and magnitude of the anticipated move remain unclear. Traders and investors, however, are closely monitoring the market for further indicators that could suggest Bitcoin's next move.
At the time of writing, Bitcoin was up 5.13% in the last 24 hours to $64,641 as selling by traders seemed to ease.
Ethereum (ETH) Outranks S&P 500 Giants in This Key Metric.
Ethereum (ETH) is leaping beyond its primary role as the second-largest digital currency by market cap as it is outpacing some S&P 500 firms in a unique metric. According to an update from crypto analytics platform Token Terminal, Ethereum is currently ranked 16th in terms of buyback yield.
According to the list shared by the platform, Ethereum outshines some big names on the list, including Elon Musk's electric car manufacturing giant Tesla Inc and multinational banking giant JPMorgan Chase. This feat shows Ethereum goes beyond just its role as a smart contracts enabler; it also has what it takes to compete when profiled as a finance-based tech entity.
One intriguing observation pointed out by Token Terminal regarding the impressive stat is that compared to the average age of
firms on the list, which is 44 years, Ethereum is only about nine years old.
While firms like JPMorgan Chase went live way back in 1799, Ethereum made its
emergence in 2015.
With this difference, Token Terminal pointed out how lucrative internet-native business can be, especially when their respective innovations are allowed to gain free expression.
Ethereum changes Web3 game.
Every company on the buyback yield list has something unique they bring to the table. The same holds for Ethereum. While JPMorgan is regarded as the biggest bank in America, Alphabet Inc., the company that tops the chart, is a tech and Cloud Services giant.
Ethereum operates as a smart contract enabler, pioneering a move for innovators to build decentralized applications that have helped it grow its decentralized finance (DeFi) Total Value Locked (TVL) to $92.74 billion.
Besides Bitcoin (BTC), Ethereum is the second-most-backed crypto project in terms of whale holdings. While it is the de facto leader in Web3 adoption, it has a series of upgrades to enhance its functionalities in the market overall.
Ethereum (ETH) is leaping beyond its primary role as the second-largest digital currency by market cap as it is outpacing some S&P 500 firms in a unique metric. According to an update from crypto analytics platform Token Terminal, Ethereum is currently ranked 16th in terms of buyback yield.
According to the list shared by the platform, Ethereum outshines some big names on the list, including Elon Musk's electric car manufacturing giant Tesla Inc and multinational banking giant JPMorgan Chase. This feat shows Ethereum goes beyond just its role as a smart contracts enabler; it also has what it takes to compete when profiled as a finance-based tech entity.
One intriguing observation pointed out by Token Terminal regarding the impressive stat is that compared to the average age of
firms on the list, which is 44 years, Ethereum is only about nine years old.
While firms like JPMorgan Chase went live way back in 1799, Ethereum made its
emergence in 2015.
With this difference, Token Terminal pointed out how lucrative internet-native business can be, especially when their respective innovations are allowed to gain free expression.
Ethereum changes Web3 game.
Every company on the buyback yield list has something unique they bring to the table. The same holds for Ethereum. While JPMorgan is regarded as the biggest bank in America, Alphabet Inc., the company that tops the chart, is a tech and Cloud Services giant.
Ethereum operates as a smart contract enabler, pioneering a move for innovators to build decentralized applications that have helped it grow its decentralized finance (DeFi) Total Value Locked (TVL) to $92.74 billion.
Besides Bitcoin (BTC), Ethereum is the second-most-backed crypto project in terms of whale holdings. While it is the de facto leader in Web3 adoption, it has a series of upgrades to enhance its functionalities in the market overall.
BINANCE has surpassed more than 170 million users worldwide.
Changpeng Zhao, known as "CZ," founded Binance, which rapidly grew to be the largest cryptocurrency exchange in the world by daily trading volume. With a net worth estimated at $39.6 billion as of March 2024, Zhao's story reflects the fast-paced and unpredictable world of cryptocurrency.
On Apr 19, 2024, 08:07 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 65,000 USDT benchmark and is now trading at 65,006.738281 USDT, with a 6.21% increase in 24 hours.
BNB Surpasses 550 USDT with a 1.76% Increase in 24 Hours
On Apr 19, 2024, 06:41 AM(UTC). According to Binance Market Data, BNB has crossed the 550 USDT benchmark and is now trading at 550.200012 USDT, with a 1.76% increase in 24 hours.
On Apr 19, 2024, 06:41 AM(UTC). According to Binance Market Data, BNB has crossed the 550 USDT benchmark and is now trading at 550.200012 USDT, with a 1.76% increase in 24 hours.
Dubai's Torrential Rains Challenge Crypto Event Token2049
According to Bloomberg, the much-anticipated crypto event, Token2049, faced unexpected challenges in Dubai this week due to severe weather conditions. Torrential rains flooded runways, roads, and building lobbies, causing significant disruption to the city's infrastructure. Attendees of Token2049 were left stranded at Dubai airport for extended periods as taxi services were disrupted. Some were forced to sleep on the airport floors, dealing with broken lavatories and closed restaurants, while others were stuck in planes overnight, unable to land or return.
Despite these challenges, the main conference commenced as scheduled on Thursday, according to some participants. However, the severe weather conditions turned what should have been short car journeys into hours-long ordeals, with some individuals opting to navigate the water-logged roads on foot. The luxury 5-star hotel resort of Madinat Jumeirah, the venue for the main conference, was not spared from the weather's impact, with leaks and puddles appearing throughout the property. Similar conditions were reported at the Mall of the Emirates, known for its indoor ski slope. The unexpected weather conditions also led to the cancellation of several crypto-focused side events.
According to Bloomberg, the much-anticipated crypto event, Token2049, faced unexpected challenges in Dubai this week due to severe weather conditions. Torrential rains flooded runways, roads, and building lobbies, causing significant disruption to the city's infrastructure. Attendees of Token2049 were left stranded at Dubai airport for extended periods as taxi services were disrupted. Some were forced to sleep on the airport floors, dealing with broken lavatories and closed restaurants, while others were stuck in planes overnight, unable to land or return.
Despite these challenges, the main conference commenced as scheduled on Thursday, according to some participants. However, the severe weather conditions turned what should have been short car journeys into hours-long ordeals, with some individuals opting to navigate the water-logged roads on foot. The luxury 5-star hotel resort of Madinat Jumeirah, the venue for the main conference, was not spared from the weather's impact, with leaks and puddles appearing throughout the property. Similar conditions were reported at the Mall of the Emirates, known for its indoor ski slope. The unexpected weather conditions also led to the cancellation of several crypto-focused side events.
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