Best crypto memes of the day – June 13th

Related articles

• Binance’s euro banking partner pulls support – Why?

  TL;DR Breakdown Binance’s current euro banking partner, Paysafe Payment Solutions, is ending support after September 25, 2023. Binance will be shifting to a new service provider for euro transactions. Despite the changes, all other deposit and withdrawal services at Binance.com remain unaffected. Description The global cryptocurrency scene is evolving at a rapid pace, and with that evolution, adjustments and shifts in alliances are inevitable. Today, we delve into the recent developments involving one of the world’s biggest cryptocurrency exchanges, Binance. The latest news revolves around Binance‘s current banking partner for euro transactions, Paysafe Payment Solutions, deciding not to … Read more The global cryptocurrency scene is evolving at a rapid pace, and with that evolution, adjustments and shifts in alliances are inevitable. Today, we delve into the recent developments involving one of the world’s biggest cryptocurrency exchanges, Binance. The latest news revolves around Binance‘s current banking partner for euro transactions, Paysafe Payment Solutions, deciding not to renew its support. A shift in euro operations Users of Binance recently received emails regarding the termination of Paysafe’s euro support after September 25,…

  Article 2023年7月2日

• Crypto funds experience withdrawals as prices continue to rise

  TL;DR Breakdown Investors have experienced massive withdrawals as institutional investors cash in on their investments. The market shows resilience as institutional interests persist. According to a recent report by CoinShares, the past seven weeks have seen a drawdown of $329 million from crypto funds, with last week alone accounting for investor withdrawals of $62 million. This decline in assets under management (AUM) is attributed to a rise in investors capitalizing on short positions, following a substantial 56% increase in cryptocurrency prices over the past year. Institutional investors withdraw $62 million from crypto funds last week CoinShares, which monitors the flow of money into exchange-traded products, mutual funds, and over-the-counter trusts tracking digital assets like Bitcoin, Ethereum, and altcoins, observed a notable outflow of $51 million from the Tron blockchain. However, CoinShares’ head of research, James Butterfill, noted that this might be due to a withdrawal of seed capital rather than any concerning developments. Bitcoin crypto funds experienced a smaller outflow of $2.7 million, while the more volatile short-Bitcoin funds saw $6.3 million in outflows. Short-Bitcoin funds enable investors to sell…

  Article 2023年6月11日

• BRICS’ currency launch threatens financial sectors

  TL;DR Breakdown The potential launch of a new currency by BRICS (Brazil, Russia, India, China, South Africa) could destabilize the U.S. dollar’s dominance and threaten several U.S. financial sectors. This seismic shift could cause a domino effect across various U.S. industries including banking, finance, commodities, and international trade. The U.S. economy might suffer further if the BRICS currency becomes the standard for settling oil and gas trades. Description In the looming shadows of a global economic shift, the United States faces the specter of the BRICS nations’ prospective currency launch. This seismic change threatens to disrupt America’s position of influence, affecting several crucial financial sectors and endangering the supremacy of the U.S. dollar. The impact of this geopolitical shift promises to be both … Read more In the looming shadows of a global economic shift, the United States faces the specter of the BRICS nations’ prospective currency launch. This seismic change threatens to disrupt America’s position of influence, affecting several crucial financial sectors and endangering the supremacy of the U.S. dollar. The impact of this geopolitical shift promises to be…

  Article 2023年7月4日

• Popular tech reviewer MKBHD gives thumbs down to Solana’s Saga crypto phone

  TL;DR Breakdown Popular tech YouTuber Marques Brownlee, known as MKBHD, gave a critical review of Solana Mobile’s Saga, a specialized crypto phone, citing its limited appeal and average specifications. Despite unique crypto-centric features like the Solana Mobile Stack (SMS) and Seed Vault, MKBHD argued that the phone’s high initial price tag and subsequent reduction do not justify its overall value. Description Solana Mobile’s Saga, a specialized crypto phone, received a less-than-stellar review from popular tech YouTuber Marques Brownlee, known as MKBHD. Despite its high build quality and unique crypto-centric features, the phone’s limited appeal and average specifications have raised questions about its value proposition in the competitive smartphone market. The Saga was developed in collaboration with … Read more Solana Mobile’s Saga, a specialized crypto phone, received a less-than-stellar review from popular tech YouTuber Marques Brownlee, known as MKBHD. Despite its high build quality and unique crypto-centric features, the phone’s limited appeal and average specifications have raised questions about its value proposition in the competitive smartphone market. The Saga was developed in collaboration with OSOM, a company with experience in…

  Article 2023年9月10日

• Fed makes ridiculous prediction for U.S. recession

  TL;DR Breakdown The Federal Reserve’s claim that the U.S. will avoid a recession until at least 2027 seems more absurd than informed. Despite stopping interest rate hikes, the Fed’s optimistic projections, especially the 2.1% economic growth, seem detached from reality. Current economic threats like surging oil prices, auto worker strikes, and potential government shutdowns could disrupt these forecasts. Description Well, this is a head-scratcher. In a move that reeks more of absurdity than of informed confidence, the Federal Reserve has declared that the U.S. is on a magical economic carpet ride, poised to dodge any sign of a recession until at least 2027. But before we all start feeling relieved over it, maybe we … Read more Well, this is a head-scratcher. In a move that reeks more of absurdity than of informed confidence, the Federal Reserve has declared that the U.S. is on a magical economic carpet ride, poised to dodge any sign of a recession until at least 2027. But before we all start feeling relieved over it, maybe we should examine the forecast with a critical eye….

  Article 2023年9月21日