Binance will suspend U.S. dollar withdrawals and deposits for international customers beginning Feb. 8.
Millions of dollars worth of crypto flowed out of Binance on Monday (after the announcement), but the company says it remains “net-positive.”
Note: This is a temporary suspension.
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Timestamps:
0:00 – Binance will suspend U.S. dollar transfers (CNBC)
2:40 – Bitcoin ready to POP (here is why)!
4:00 – Bank of Italy adopts Algorand
5:46 – AAVE BIG UPGRADE
7:43 – Chainlink & ETH L2
8:13 – Bill Murray attends NFT party
9:24 – Celsius was operated like a Ponz (new report)
**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.
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Cryptocurrency Exchange Finance Finance is the
world's largest crypto exchange will suspend U.S dollar transfers let's find out the details
binance the world's largest crypto exchange will Suspend U.S dollar deposits and withdrawals the
company said Monday without providing a reason for This decision quote we are temporarily suspending
U.S Bank transfers as of February 8th affected Customers are being notified directly the company
said point zero one percent of our monthly active Users leverage USD Bank transfers we are working
hard to restart this service as soon as possible So no reason given why they're doing this why do
you think they're doing this I'm honestly not sure It's good that they're working on restarting this
service as soon as possible additionally finances Spokesperson said in the interim all other methods
of buying and selling crypto remains unaffected Including Bank transfers using one of the other
Fiat currencies supported by binance including Euros buying and selling crypto via credit card
debit card Google pay Apple pay and Via our Binance P2P Marketplace important to note we're
talking about binance International binance Global Finance us is not affected by this suspension
again I want to stress to you this is only Temporary only a small portion of our users will
be impacted by this they say we are working hard To restart the service as soon as possible all
other methods of buying and selling crypto remain Unaffected if you appreciate us sharing with you
this information give the video a like it's a Small thing you can do and it really supports the
channel CZ what he had to say on this it is worth Noting that USD Bank transfers are leveraged by
only point zero one percent of our monthly active Users so a small amount however we appreciate that
this is still a bad user experience and the team Is working on quickly resolving this issue we're
going to keep you updated on this and everything Crypto on this channel subscribe to the channel
join the altcoin daily team what are the takeaways If the binance suspending USD bank transfer news
the headlines appeared in November or December Of last year every single tweet that we'd see on
our timelines today would be questioning binance's Solvency and Bitcoin would have probably dipped 20
percent none of that is happening this is bullish Bitcoin looking bullish Bitcoin is getting very
close to Breaking above its macro downtrend just Like here just like here historically the month
before the Bitcoin macro downtrend breakout tends To be slow so if history repeats there's a chance
that February won't be that exciting for Bitcoin But March could be as macro downtrend would
be tested March could be the macro downtrend Breakout month and again look what happened
when we broke out of this macro downtrend every Other cycle higher highs higher floors of active
addresses this is an active address chart higher Floors of active addresses during bear periods or
downtrends what's the takeaway Bitcoin adoption Bitcoin's getting adopted and this is great to
see over 600 000 small addresses fomo into Bitcoin At 20K I guess I say this is good because small
people are getting a chance to buy Bitcoin at 20K Even though this headline suggests they're fomoing
to me I like that the Bitcoin network is getting
More distributed especially with the little guy
Bitcoin analysts said this cohort accumulation Is good for the network because it would make the
asset more decentralized over time big altcoin new The bank of Italy Taps algorand blockchain
platform for its digital sureties project the Bank of Italy has selected algorand to serve as
its public blockchain platform the platform due To launch early next year will be the first
time an EU member state uses blockchain tech For bank and insurance guarantees quote from
the bank we selected algrand because of its Unparalleled level of innovation and security
among permissionlessness distributed Ledger Technologies as well as because of its leadership
in sustainability our goal is to help Italy not Only recover from the economic impact of c19 but
also Excel through Innovation and Leadership our Eco stemic projects are meant to help generate
strategic platforms such as the digital sureties Platform supported by algorand we believe these
platforms can and will dramatically contribute to The country's competitive sustainability for the
benefit of all blockchain is ideally suited for These types of programs given the Technology's
ability to provide fast efficient low-cost and Scalable data transactions even more importantly
digital Ledger Technologies help protect against Fraud a known challenge with banks and insurance
guarantees quote from the founder of algorand We are proud and honored to be the public
blockchain chosen for the digital sureties Platform of Italy through algorand's technology
we can help solve many critical issues facing Financial institutions and governments across
the world bringing opportunity and inclusion to Communities in need everywhere let's talk about
Ave we've been updating you on the progress ave's Been making with its upgrade and there's more to
say Ave CEO says the new Securities upgrade silos The risk away along with a host of new updates
ave's latest upgrade is also letting youth stakers Double their bets against ethereum's Shanghai
upgrade let's break down the Ave upgrade quote From the founder the defy space itself has been
growing significantly so we've seen more and more Value at stake because of that and especially with
the defy Summer Explosion in 2020 what we wanted To do is create a version of the Ave protocol
that basically has different kinds of security Features ensuring that the risk management
is as optimized as possible for the community New features like isolation mode for example this
will let the protocol safely onboard what the Ave Founder calls long tail assets without putting
the entire Ave protocol at risk these would be Tokens that have low liquidity subjecting them
to extreme volatility assets added in isolation Mode have a specific debt ceiling and can only be
used to borrow stable coins which are defined by The Ave governance Community the latest upgrade
of Ave is also introducing a new portal feature That will let users move assets across different
markets on different blockchains quote in the Portal feature you can move assets from ethereum
to polygon polygon to let's say Avalanche pretty Much instantly but perhaps the most interesting
feature is one that will let ethereum Bulls
Lever their bets using so-called liquid staking
derivatives the point is this is a big deal for Ave this is a big deal for D5 big deal for crypto
and whether you're interested or not this space Is evolving getting more secure upgrading this
is what I love to see we will continue to keep You informed chain link news and ethereum L2 star
queer news starkware LTD is joining the chain link Scale program if you want to learn more about
what's going on with chain link in their scale Program check out this video is chain link still
a good investment basically this partnership and Allotment of starknet Stark tokens will be used
to cover certain operating costs of chain link Oracles on starknet's mainnet massive move
towards blockchain Oracle sustainability Hey we keep you informed on everything on this
channel Bill Murray walked into a members only Nft party the actor's first nft event was far
more fun than a family picnic he told decrypt And holders appear to agree and now that you're
here and all your fans are here to talk to you and Meet with you what excites you about this kind of
experience well really just the fun of it you know Um it's kind of you know I I don't I don't
know who buys nfts and it kind of reminds me a Little bit of deadheads sure and a little bit of
Comic-Con I used to be very afraid of Comic-Con Because I thought you know that's a girl that's
dressing up as Wonder Woman you know that's a guy That's dressing up as Batman they don't really
look like either one of those but then when I Finally went to Comic-Con and met everyone I
thought there was a very very sweet very inclusive Kind of crowd of people that really it opened my
eyes quite a bit so this is my this is my first Real nft experience here so and everybody's very
similar to like deadheads or Comic-Con people and That they have a sweetness about them and they
have a they bring a friend or they bring a loved One and and you know they're they're enjoying
the fun Celsius new information maybe you've Seen this already I want to report you Celsius
was operated in a ponzi-like manner this is not Some whim or opinion this is according to a new
report so what did this report find a new report Has found that Celsius was using customer funds
to prop up the value of its sell token they also Used new deposits to fund customer withdrawals
Celsius was operated like a Ponzi right get your Tickets to bitcoin 2023 Miami May 18th through
20th Miami Beach this year use code altcoin daily 10 off this is the biggest Bitcoin Conference of
the Year ticket prices continue to increase as We get closer to the event use code altcoin daily
10 off get your tickets now hey really appreciate You guys my name is Aaron at altcoindaily
subscribe to the channel see you tomorrow
