May 27, 2023
Crypto News: $1 million giveaway from Binance & Ethereum losses

In the past week, the crypto-market showed a consolidated movement, still showing favorable positions for entry into long-term investing. The current rate of bitcoin is $19,429 and Ether is fluctuating at $1,300. The global cryptocurrency market capitalization is $928.05 billion. Bitcoin’s dominance is currently 40.15%. The average daily total cryptocurrency market volume is $33.70 billion.

Today’s latest news:

Binance is giving away $1 million absolutely free
You can get a reward once every few days. Here are the instructions on how to get the reward:

  • Go to the home page in the exchange app
  • In the top left corner, click on the little man icon.
  • Go to “Pay”, click on “Crypto Box” and select Get.
  • In the line enter code BINANCEPAY.

NEAR has partnered with Google Cloud
“We are very excited to partner with those who first created the Internet as we know it,” said Marike Flament, CEO of the NEAR Foundation. As a reminder, the NEAR network is more than 20 million addresses, 200 million transactions and 300,000 to 400,000 transactions per day. “We will support NEAR and provide Web3 developers with the most secure, reliable and resilient cloud infrastructure on which they can build and scale applications,” said Carlos Arena, director of digital assets for Google Cloud

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Robert Kiyosaki predicted the collapse of the dollar and urged to buy bitcoin
The author of the bestseller “Rich Daddy, Poor Daddy” is confident that the U.S. Federal Reserve will begin to reduce interest rates as early as January 2023, which will lead to a decline in the U.S. national currency and the growth of digital assets. “Buying opportunity: if the Fed continues to raise interest rates, the U.S. dollar will strengthen, gold, silver and bitcoin will fall in value. Buy more. When the Fed changes policy and lowers interest rates, as England just did, you will be smiling while others are crying. Be careful,” the businessman wrote.
In another of his posts, he predicted that a change in Fed policy could happen in January 2023. In this case, the U.S. dollar will collapse, Kiyosaki believes.

Ethereum lost 20% of its capitalization after The Merge update
Altcoin fell in price after the transition to the Proof-of-Stake algorithm amid a general decline in the crypto market. Ethereum fell 20% after the global update of The Merge, which took place in the cryptocurrency network in mid-September. Now the altcoin is trading at $1.29 thousand, its capitalization is $156 billion.

12,100 cryptocurrencies stopped trading this year
The study shows that twice as many tokens stopped trading in 2022 as in all previous years combined. Technically, the coins exist, but they are inactive.
12,100 cryptocurrencies have turned into “zombies,” meaning they haven’t traded for at least a month, Bloomberg reports, citing a study by Nomics.
The number of “forgotten” cryptocurrencies this year is more than double that of all previous years combined, according to the report. A total of 136 tokens ceased activity in 2018, 766 in 2019, 1,500 such coins in 2020, and 3,700 in 2021.

Hugo Boss to release NFT collection
The fashion house Hugo Boss announced a partnership with Web3-company Imaginary Ones, which will release the brand’s first-ever NFT-collection. The presentation is scheduled for early November. The collection, called Embrace Your Emotion or EYE, will consist of 1,001 animated 3D objects. With this project Hugo encourages users to embrace their emotions, regardless of whether they are bad or good, according to the project description.

FTX and Visa to launch cryptocurrency card in 40 countries
One of the largest crypto exchanges FTX will issue its own “bank” card, like the one issued by Binance. It can be used to pay with crypto in stores, both online and offline: it is like a regular card, but the money is deducted not from your bank account, but from your crypto balance. For example, you put USDT on the exchange and pay with it.
The card will be released in 40+ countries in Latin America, Europe and Asia, and a lot of users will receive the card by the end of this year.

Briefly on other news of the week:

Cumulative trading volume on crypto exchanges increased by 16% in September after 3 months of stagnation
This rebound in trading activity could be a positive sign that the end of the crypto-winter is imminent and assets are starting to grow.

McDonald’s began accepting bitcoin payments in Lugano, Switzerland
The fast-food chain is conducting an experiment in the European city with a population of 63,000 people. It is also possible to pay with stablecoin USDT

Japan plans to invest in NFT and meta universe services
Japan’s Prime Minister Fumio Kishida said in a policy speech on Monday that the country’s plans for investing in digital transformation include non-fungible tokens NFT and metaverse services.

This is what the crypto news has been like this past week.
Remember: now could be a golden time for you to break into the crypto world and to get all benefits of the new era trend!

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