Binance removes the Visa logo from the new card!!Many doubts about Binance!! - Crypto World - CryptoTalk.Org Jump to content
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Binance removes the Visa logo from the new card!!Many doubts about Binance!!

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Hi friends
It seems that the Binance Lie series will not stop at the borders !!! Is it another April Fool's Day or is lying a habit at Binance ?? !!!
I was posting a thread from a while ago about the new Binance card that I claimed is supported by the VISA card but one of the good members here who is my friend @BTC Future  told me that Binance removed the Visa logo and told me a lot of bad things about Binance and this is his response here:

https://cryptotalk.org/topic/93107-binances-new-electronic-payment-card-supported-by-visa/page/5/?tab=comments#comment-6480539


This is the image of the card as it was found on the official blog of Binance with the previous news

?u=https%3A%2F%2Fi.imgur.com%2Fm9KOTek.png&t=612&c=t9j0JU_zse24pw

 

I was surprised by his words, so I searched myself and found that the information he provided is true and indeed that Binance removed the Visa logo without mentioning any reason for that and without any mention of Visa in the official blog even though it had announced in the previous news that the card is backed by Visa.
The Visa logo has been removed from the image and the ad has been updated to contain no mention of the Visa card !!!!


Is it a new April Fools?
No one knows exactly what happened, how does the platform initially announce Visa support and then the news is completely free of it without any explanation?
How can a reputable company claim to partner with a large company like Visa without its knowledge? And if there was cooperation and it was canceled, why would Binance not say so?
Hundreds of questions have been raised about Binance and what are its goals?

This is the news link on the official Binance Blog:
https://www.binance.com/en/blog/421499824684900479/Introducing-the-Binance-Card-Shop-and-Pay-With-Crypto-Anywhere-in-the-World

Of course it is the same as the previous link and this new image:

?u=https%3A%2F%2Fi.imgur.com%2F5eljAeE.jpg&t=612&c=vD-LgDT-8CHd4Q

 

So what do you think of this information and what do you think about the behavior of Binance, which has become a lot of doubts and questions?

Edited by Crypto123
correction

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7 minutes ago, Kariuki said:

Here is something I learnt about binance, when trying to register, it was so difficult, I dint know why  the best was that they asked for your information to verify your account and also to protect it , but thats also the worst , that way people could be selling their informations that they still have. I dont know about the visa logo, but its true, when people run from you, you question the authenticity

As for me, I registered in Binance before and worked with them for a long time, but after that they banned me but to be fair they allowed me to withdraw my coins and did not book them. But recently there have become a lot of questions about Binance.

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I am guessing that they removed it until everything is ready, and they can't legally put it on ads until the talks are finished and card is okayed from the visa.

 

Visa contract shouldn't be hard to get for them, it even seems trivial because lot's and lot's of way smaller players have visa / crypto cards.

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4 hours ago, rekter said:

I am guessing that they removed it until everything is ready, and they can't legally put it on ads until the talks are finished and card is okayed from the visa.

 

Visa contract shouldn't be hard to get for them, it even seems trivial because lot's and lot's of way smaller players have visa / crypto cards.

Yes, I am completely convinced with you, but it is not permissible to put the logo without there being approval from Visa because this is considered fraud and illegal This is on the one hand and on the other hand why did they remove the logo without putting an alert or note about that? If you go to the blog, you will not find any mention of the Visa card in the news after its update !!

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I read an article talking about a dispute between Binance and Visa Card that led to the removal of the famous global platform logo Binance on Visa cards, but the reason was not clearly stated and whatever the matter, I am not a Visa Card user and have never tried it


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I don't know much about what this fiasco's really about (I'll read later) but I do know that Binance has been plagued by serious issues (hacked) in the past, and there might still be a lot of disgruntled folks who have a few bones to pick up with the exchange.

 

Will Binance be the next Mt.Gox in scale and magnitude of the aftereffects? Let's hope not. The people working there had better be stepping up to resolve this issue with Visa and other things so we lowly peasants do not lose confidence in the exchange.

 

Edited by kyoukage01

 

New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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14 hours ago, BitTim said:

This is actually something that should not worry you it might be an update to the site that made the logo to disappear but am sure there working on that I don't really think they can stop this usage of visa it was truely helping many 

That's right, nothing to worry about. 

Many people in cryptoworld have a trust on them and I'm sure they will not make any malicious moves that may cause for them to lost the trust of their users. 


Free satoshis and bnb every 20 minutes here: https://betfury.io/?r=5fadf2e24229531209b94c8c

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On 4/10/2020 at 12:13 AM, Ms.o said:

This is the first time i see that coin,and it amazed me about the price. I tried to search anything about it but i cannot find any informations so i was hesitant and doubt with that coin,as many coins in yobit became deadcoin.

 

On 4/4/2020 at 9:40 AM, Crypto123 said:

Hello my friends
There will be halving on BTG next April 18
“This halving, the third in BTG’s blockchain history, will happen exactly at block 630 000.”
As the mining rewards will decrease from 12.5BTG to 6.25BTG
Halving BTG comes almost a month before the Halving bitcoin occurs, knowing that BTG was born as a result of a Hard Fork that acquired Bitcoin.
Source: https://bitcoingold.org/halving/

 

2.thumb.jpg.60d83522ce782c9c8a687a2dd77cd075.jpg

 

The question:
What do you expect the price of BTG after Halving to rise or fall?
How should we prepare for this halving? Are we selling BTG or buying more BTG and Holdin to the halving?

 

On 4/14/2020 at 8:36 PM, tienda said:

Thank you for sharing this great article, yes it is very important to read it, they have told about some strategies, and I know that there are two types of traders, who buy and then hold their Bitcoin for long time, and who are a daily traders they approach the volatile price to collect a lot of profits and this is the best trick during this pandemic.

I think that binance is making some changed but I dont believe that they sre foing it just to lie. Binance is a lare and great comoany and they will never try to lie to their users. I think that they are tryinh to do something. 

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28 minutes ago, kyoukage01 said:

I don't know much about what this fiasco's really about (I'll read later) but I do know that Binance has been plagued by serious issues (hacked) in the past, and there might still be a lot of disgruntled folks who have a few bones to pick up with the exchange.

 

Will Binance be the next Mt.Gox in scale and magnitude of the aftereffects? Let's hope not. The people working there had better be stepping up to resolve this issue with Visa and other things so we lowly peasants not lose confidence in the exchange.

 

In fact, Binance has a lot of problems and questions about it, for example, her real residence is still mysterious until now and she claimed that she is in Malta, but it turned out that this is not true and many other problems, but regardless of Binance is still the most popular exchange.

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6 minutes ago, Crypto123 said:

In fact, Binance has a lot of problems and questions about it, for example, her real residence is still mysterious until now and she claimed that she is in Malta, but it turned out that this is not true and many other problems, but regardless of Binance is still the most popular exchange.

Being the most popular exchange sure has its downsides: the more people using it, the greater the exchange's responsibility for taking care of them. And it will be much harder for everyone if the most popular exchange blows over their faces like Mt.Gox did.

 

How many more shady issues about Binance do you or anyone else know, aside from this topic with Visa? I'm just curious about it 🙂 .

 


 

New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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I think it has been estimated that the binance is mature, in fact it is still not perfect and is deleted again by the binance. really disappointing, because there is no exchange platform that uses mastercard for crypto payments. I really look forward to it.

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Do not believe in information sources that are not telling the truth. Binance never think will remove Visa from his card. What then is a card if there is no Visa logo.  

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Frankly, I have never heard of this matter, but if it is real, this will be a great step for everyone, and the demand for this currency will increase, and dealing with it will become easier.


 

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26 minutes ago, Badman001 said:

@Crypto123 I used binance form long time and really i didn't have any interest for buying and purchasing Crypto through binance card there are many trusted website That's offer you fait money while you exchange bitcoin there used them .

I think binance card help to increasement of Crypto used . 

I also used Binance a lot and it is very reliable and the largest and most popular exchange, but his suspicious behavior in the recent period has become a concern for many and raises questions about the goals of Binance, I knew that they bought the Queen Market Cap, for example? And they are the ones who made the April Fools' website? The last announcement about Visa and the removal of the logo !!!

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23 hours ago, juma1 said:

There are people who are always very keen on some issues but I can say until binance exchange site officially communicates about the matter then it should be treated as if all is well without any challenges 

I agree. Maybe it's just a rumor or maybe just the exchange replaces the appearance. In any case, if there are any changes, the exchange will officially inform us about it.

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People worry too much, what could possibly go wrong with that, it is just a LOGO, it is not as important, the card is already known to be VISA.

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6 hours ago, teminalibug said:

People worry too much, what could possibly go wrong with that, it is just a LOGO, it is not as important, the card is already known to be VISA.

It is not a question of a logo first, but is there support from Visa or not, they initially said that they are supported by Visa and put a Visa logo on the image of the card, but then they removed the logo without saying anything about the support of Visa.

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19 hours ago, Crypto123 said:

I also used Binance a lot and it is very reliable and the largest and most popular exchange, but his suspicious behavior in the recent period has become a concern for many and raises questions about the goals of Binance, I knew that they bought the Queen Market Cap, for example? And they are the ones who made the April Fools' website? The last announcement about Visa and the removal of the logo !!!

Any latest news? Has the April Fool's joke become too real?

 

If indeed there exists a disagreement between Binance and Visa if any, why are they hiding the details?

 

If there is a legal battle going on behind closed doors (I am thinking along the lines of 'breach of contract' or something) then it would have had huge ramifications for both of the companies if word goes out. I've read the second article in your link, and seeing that any mention of Visa was dropped, it looked to me like they were saying "Things aren't working out for the both of us [Binance and Visa], so let's drop it and pretend like it never happened" so customers wouldn't get spooked.

 

Hmmm... but still, Visa or no Visa, is the Binance card still good enough as advertised on their webpage?

 

Edited by kyoukage01

 

New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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10 hours ago, kyoukage01 said:

Any latest news? Has the April Fool's joke become too real?

 

If indeed there exists a disagreement between Binance and Visa if any, why are they hiding the details?

 

If there is a legal battle going on behind closed doors (I am thinking along the lines of 'breach of contract' or something) then it would have had huge ramifications for both of the companies if word goes out. I've read the second article in your link, and seeing that any mention of Visa was dropped, it looked to me like they were saying "Things aren't working out for the both of us [Binance and Visa], so let's drop it and pretend like it never happened" so customers wouldn't get spooked.

 

Hmmm... but still, Visa or no Visa, is the Binance card still good enough as advertised on their webpage?

 

Thank you my friend, yes the card is still good whether it is supported by Visa or not because Binance's great reputation and wide reputation will have a great role in spreading this card and benefiting from its services, but the idea that my topic was written for is that this is an inappropriate behavior from Binance. They do not have to publish the news of their cooperation with Visa before the final agreement. If there is a dispute with Visa, they should mention this to people.

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3 hours ago, Bob option said:

The payment card of the Binance platform is now semi-paid or unusable, so I think there are problems with it such as the withdrawal fee from the ATM and also the speed of receiving money on it and I think that the platform will reduce this feature.

The Binance card is still in the project or trial period now, and it has not been distributed except in limited places for the experiment, but I think it will be successful even though Visa does not support the card but also the appropriate structure must be provided.

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although i hate the behavior of the exchange, i still can''t get out of them since they do have the volume you need.  there are several times they did a very damaging act to some projects like in the steemit and CZ suggesting to rollback the blockchain. 

 

Visa logo I guess is just to make it viral and probably pump at least to make some money out of it. But is it true that they partner up with Visa?

  • Useful or interesting 1

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9 hours ago, korazon said:

although i hate the behavior of the exchange, i still can''t get out of them since they do have the volume you need.  there are several times they did a very damaging act to some projects like in the steemit and CZ suggesting to rollback the blockchain. 

 

Visa logo I guess is just to make it viral and probably pump at least to make some money out of it. But is it true that they partner up with Visa?

This reversal of the mention of Visa in the official blog of Binance and the removal of the logo from the image of the new card confirms that there is no relationship between them and Visa, and even if there is a project for partnership with Visa it has been canceled. It is also possible that they did this to grab people's attention.

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My dear friend i don't heard this news so I have no idea about this issue, but I think this news is not convincing me because visa card and binance two big platform and work together for years, so binance can't do like this if the news is real then something happen with this two platform's.


 

   

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I don't  know why hey remove  visa  logo .  It  May be suspicious  or may be not. Let's  hope for better . No one can say fully why they removed  visa logo from their card.

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On 4/15/2020 at 10:04 AM, Kariuki said:

Here is something I learnt about binance, when trying to register, it was so difficult, I dint know why  the best was that they asked for your information to verify your account and also to protect it , but thats also the worst , that way people could be selling their informations that they still have. I dont know about the visa logo, but its true, when people run from you, you question the authenticity

I agree with you on your clarifications I also tried to sign up but lucky I managed without facing more difficulties but I didn't like about the interface of the platform because it doesn't seem to be user friendly and takes time to load therefore,I have put it on question mark.

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Year-on-year, the CPI decreased from 2.3% to 2.0%, reaching the Bank of England's (BoE) target for the first time since October 2021. The core index (Core CPI), which excludes volatile components such as food and energy prices, also showed a significant decrease from 3.9% to 3.5% year-on-year.   According to the report from the Office for National Statistics (ONS), presenting the final data on 28 June for Q1 2024, the UK economy grew by 0.7%, higher than the previous value and forecast of 0.6%. Year-on-year, real growth was 0.3%, exceeding the previous value and expectation of 0.2%. This was the best dynamic since Q4 2021.   If the UK parliamentary elections on 04 July and the inflation report on 17 July do not bring significant surprises, the markets predict that the BoE will start lowering rates at its nearest meeting on 01 August. According to ING bank strategists, "we still forecast that the Bank of England will start lowering rates in August and will begin to signal this in its speeches as soon as the general elections on 04 July are over". In their opinion, the likelihood of rate cuts by the Bank of England is much higher than those by the Fed, which will put pressure on the pound sterling. TDS company analysts, on the other hand, give the following forecast: "We believe a rate cut of 15 b.p. is expected in August, and about 50 b.p. in total for 2024". In several other market participant forecasts, it is also mentioned that by November, the reduction could be around 30 b.p.   GBP/USD ended the past five-day period exactly where it started – at 1.2644. The analyst forecast ahead of the parliamentary elections is unequivocal – 100% side with the dollar and expect the British currency to weaken. Regarding technical analysis on D1, there is also a clear advantage on the dollar's side. Trend indicators are in favour of the dollar at 65% to 35% red to green. Oscillators are 100% pointing south, with 20% signalling the pair is oversold. In case of further decline, the pair's levels and support zones are 1.2610-1.2620, 1.2540, 1.2445-1.2465, 1.2405, 1.2300-1.2330. In case of the pair's growth, it will meet resistance at levels 1.2675, 1.2700, 1.2740-1.2760, 1.2800-1.2820, 1.2860-1.2895, 1.2965-1.2995, 1.3040, and 1.3130-1.3140.   As for the events of the upcoming week, all investor attention is focused on the elections on 04 July. The next important event, as mentioned, will be the publication of the fresh inflation report in the United Kingdom on 17 July.   USD/JPY: Another Peak Conquered   Last week, 75% of analysts expecting new currency interventions voted for the USD/JPY pair's retreat south, while the remaining 25% pointed north. The minority, as is often the case with the Japanese currency, turned out to be right: no interventions occurred, and the pair reached another peak – 161.28.   Frankly, there's nothing to comment on here – everything has been discussed dozens and hundreds of times. The problem of the yen's weakening lies in the ultra-loose monetary policy of the Bank of Japan (BoJ). And as long as it does not decisively turn towards tightening, the national currency will continue to lose its positions. Of course, for a while, the Ministry of Finance and the Central Bank can support its exchange rate with currency interventions. But spending billions and billions on something that disappears like ripples on water after a few days – is there any point in that? Can this be called monetary policy?   If inflation falls in major competing countries, in Japan, it rises. According to data published on Friday, 28 June, the Consumer Price Index (CPI) in Tokyo for the year ending in June rose to 2.3% compared to 2.2% for the previous period. The core CPI inflation (excluding volatile food prices) also increased to 2.1% year-on-year, which is higher than both the forecast of 2.0% and the previous value of 1.9%. Another core CPI index for Tokyo (excluding food and energy prices) decreased in June to 1.8% year-on-year compared to the previous value of 2.2%.   Of course, these are not jumps that warrant sounding a loud alarm – all indicators are "hovering" around the target 2.0%. This allows Japanese officials to pause, without changing the vector of their monetary policy, and to limit themselves to verbal "interventions". Thus, Japan's Finance Minister Shunichi Suzuki once again stated that he is "deeply concerned about excessive and unilateral movements in the Forex market" and expressed hope that "trust in the Japanese currency is maintained". Suzuki's colleague, Cabinet Secretary Yoshimasa Hayashi, delivered almost the same speech word for word. However, he added that the authorities "will take appropriate measures regarding excessive currency movements", hinting at another currency intervention.   This hint from Yoshimasa Hayashi scared 60% of experts who voted for the pair's southward movement and yen strengthening, 20% pointed north, and 20% took a neutral position. The opinion of the indicators is unambiguous, as they have never heard of interventions. Therefore, all 100% of trend indicators and oscillators on D1 are green, although a quarter of the latter are in the overbought zone. The nearest support level is around 160.25, followed by 159.20, 158.65, 157.60-157.80, 156.60, 155.45-155.70, 154.50-154.70, 153.60, 153.00, 151.90-152.15, 150.80-151.00. The nearest resistance is in the 160.85 zone, followed by 161.30 and 162.50.   In the upcoming week, the calendar highlights Monday, 01 July. On this day, the Tankan Large Manufacturers Index will be published. No other important macro statistics regarding the state of the Japanese economy are planned for the coming days.   CRYPTOCURRENCIES: Causes and Consequences of "Black Monday" on 24 June     Monday, 24 June, presented investors with a very unpleasant surprise – on this day, bitcoin's price fell below $60,000 for the first time since 03 May, reaching $58,468 at one point. Ethereum, in turn, fell below $3,250. Analysts highlight several reasons for the active sell-offs, noting that they reflect overall instability in global financial markets and uncertainty about monetary and regulatory policies in several leading countries, especially China and the US. However, there are also more specific factors that contributed to the development of the bearish trend.   In mid-June, the German government began selling off a huge amount of bitcoins (about 50,000 BTC) confiscated in January. Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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