Binance Unveils Futures Copy Trading, Aiding Novice Traders to Mimic Experts’ Strategies
Binance has introduced copy trading for its futures products, allowing novice crypto traders to emulate strategies from experienced traders. Lead traders receive a 10% profit share and trading commission rebates from their followers while sharing insights on Binance Feed. Key Takeaways Binance, a preeminent name in the cryptocurrency exchange industry, has rolled out a futures copy trading feature, specifically designed …
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Bitcoin’s November Pivot: Analysts Eye Halving Cycle Repetition
Bitcoin’s recent sideways price action mirrors past halving cycles, sparking speculation of a November pivot towards a bullish upswing, as seen in previous halving years. The cryptocurrency market, particularly Bitcoin’s trajectory, is again under the analysts’ microscope as its recent price behavior shows uncanny resemblances with its past cycles. The leading digital currency has been trading sideways, but analysts predict …
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Ripple Distanced from XRP Ownership by Recent Court Ruling
A recent federal court ruling in the SEC v. Ripple lawsuit clarified that Ripple does not own the XRP Ledger (XRPL) and its native cryptocurrency, XRP. Key Takeaways News ContentThe widely-watched SEC vs. Ripple lawsuit witnessed a revealing development as a federal court elucidated that Ripple does not, contrary to widespread belief, own the XRP Ledger (XRPL). This ruling, emanating …
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Upbit Grapples with a Surge in Cyberattacks, Underlining Broader Security Concerns in Crypto Exchanges
Upbit, a major South Korean cryptocurrency exchange, reported a significant increase in hacking attempts, with 159,000 recorded during the first half of 2023. Key Takeaways Upbit, a prominent South Korean cryptocurrency exchange managing daily trades around $1.2 billion, recently found itself ensnared by a considerable 159,000 hacking attempts during the initial six months of 2023. Revealed by Dunamu, Upbit’s parent …
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Logan Paul Criticized for Alleged Minimal Compensation to CryptoZoo Victims
Social media influencer Logan Paul faces criticism for allegedly offering minimal compensation (5-10%) to victims of his CryptoZoo cryptocurrency project. Key Points Social media influencer and YouTuber, Logan Paul, is currently in the throes of criticism and backlash following allegations related to his cryptocurrency venture, CryptoZoo. The project, which has been under scrutiny since early 2023, is labeled by some, …
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NFT Artist John Hamon Burns His Work, Symbolizing the “Death of Contemporary Art”
NFT artist John Hamon boldly set his three-year art project aflame in various locations across Paris, including in front of notable galleries, symbolically marking the “death” of contemporary art. This provocative act has been immortalized and commercialized through the sale of NFTs depicting the fiery scenes. Key Takeaways John Hamon’s performance and its transformation into NFTs explores the tension between …
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Elon Musk Criticized Following Suspension of XRP-Focused Account on Social Media Platform X
Elon Musk is facing criticism after the suspension of an XRP-focused account on the social media platform, X. The situation has spurred discussions concerning censorship and the ongoing controversies about XRP’s legal standing. Key Takeaways The incident involving the suspension of the XRP-focused account has spotlighted ongoing debates regarding censorship and accountability within social media platforms and their implications on …
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Bitcoin Wrestles with $28K Yet an Uptick Might Loom on Horizon
Bitcoin challenges the $28,000 resistance level, with the potential to surpass it, possibly reaching $30,000, while its stability attracts institutional interest. Key Takeaways In a relentless battle against market forces, Bitcoin (BTC/USD) bounces back, locking horns with the formidable $28,000 resistance level, despite a brief descent to sub-$27,300 after strong U.S. employment data emerged. Over the last 24 hours, the …
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Coinbase Focuses on International Expansion Amidst US Regulatory Hurdles
As regulatory dynamics continue to evolve globally, the manner in which major platforms like Coinbase navigate these challenges will likely serve as a template for emerging crypto businesses. Key Takeaways Coinbase is keenly focusing on international expansion, as highlighted by VP for International Policy, Tom Duff Gordon, while also navigating through the intricate U.S. regulatory framework. With the exchange’s vision …
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The Intersection of Art and Cryptocurrency: An In-depth Exploration of Crypto Art
As technology and finance sectors consistently evolve, a noteworthy intersection between art and cryptocurrency has emerged, birthing the phenomenon known as “Crypto Art” or “NFT Art.” Key Takeaways Potential Impact on Traditional Art Market As technology and finance sectors consistently evolve, a noteworthy intersection between art and cryptocurrency has emerged, birthing the phenomenon known as “Crypto Art” or “NFT Art.” …
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