🚀 Peter Schiff Highlights Differences Between Bitcoin And Gold Investments
#PeterSchiff #Bitcoin #Gold #Investments #WealthAccumulation #FinancialSuccess #Cryptocurrency #AssetPreservation #MarketTrends #MichaelSaylor #BTC
According to Odaily, economist and gold advocate Peter Schiff recently shared his views on Bitcoin and gold investments on X. Schiff noted that most individuals purchasing Bitcoin do so with the belief that it will lead to significant wealth. Similarly, those who already own Bitcoin are reluctant to sell, driven by the same conviction. Conversely, many who are selling Bitcoin have already achieved financial success, having bought the cryptocurrency years ago and are now cashing in on their gains.
Schiff further explained that many people buy gold not for wealth accumulation but for business purposes. Investors typically purchase gold to preserve wealth or at least maintain the value of their existing assets, highlighting a fundamental difference between the motivations behind Bitcoin and gold investments.
Additionally, Schiff commented on the recent surge in Bitcoin prices, noting that it reached a new all-time high. He speculated that Michael Saylor might be among the buyers, as this pattern has been observed over the past five Mondays.#PeterSchiff #Bitcoin #Gold #Investments #WealthAccumulation #FinancialSuccess #Cryptocurrency #AssetPreservation #MarketTrends #MichaelSaylor #BTC
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🚀 Abkhazia Faces Energy Crisis Amid Bitcoin Mining Surge
#Abkhazia #EnergyCrisis #BitcoinMining #Cryptocurrency #ElectricityConsumption #StateOfEmergency #Chernomorenergo #RollingBlackouts #PowerSupplier #InguriHydroelectricStation #BTC
According to Odaily, the State Security Service of the Republic of Abkhazia recently seized 194 private Bitcoin mining machines across various regions between December 10 and 13. Despite this crackdown, the operations of cryptocurrency miners appear to remain unaffected. Timur Dzhindzholiya, head of the state-owned power supplier Chernomorenergo, described the energy situation in the republic as 'critical.' He noted that despite rolling blackouts and rising costs of importing electricity from Russia, there has been no reduction in electricity consumption, indicating that crypto mining farms continue to operate in Abkhazia.
Bganba, a government official, expressed his intention to persuade Acting President Badre Gunba and the national parliament to declare a state of emergency in the energy sector. Dzhansukh Nanba, the acting Minister of Energy and Transport, recently stated that cryptocurrency miners consume between 10% and 15% of the republic's electricity. The energy crisis in Abkhazia has intensified in December. On December 10, the republic's internet provider cut off network access for seven hours to alleviate grid pressure associated with cryptocurrency mining. On December 11, due to extremely low water levels, the power supplier was forced to shut down the critical Inguri Hydroelectric Station for approximately 24 hours. Reports indicate that 'the energy consumption situation in Abkhazia has reached a critical point.'
Russia has announced that it will no longer provide Abkhazia with cheap electricity and will begin charging the republic standard commercial rates. In the past, Moscow had assisted in alleviating power shortages through emergency electricity supplies.#Abkhazia #EnergyCrisis #BitcoinMining #Cryptocurrency #ElectricityConsumption #StateOfEmergency #Chernomorenergo #RollingBlackouts #PowerSupplier #InguriHydroelectricStation #BTC
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🚀 Italy Maintains Digital Asset Capital Gains Tax at 26% Until 2025
#Italy #DigitalAssets #CapitalGainsTax #TaxPolicy #Finance #Investment #LegaParty #Stability #2026Target #EconomicGrowth
According to Odaily, Italy has decided to maintain its capital gains tax on digital assets at 26% until 2025, rather than increasing it to 42% as previously considered. The Italian House of Representatives' Finance Committee, led by Lega party leader Giulio Centemero, announced this decision. Centemero emphasized that without parliamentary intervention, the tax rate would have surged to 42%. This decision provides a more stable starting point for the industry, with recognition and a year to work towards the 2026 target.
The current tax policy also includes the removal of the 2,000-euro tax-free threshold. Starting in 2026, the capital gains tax on digital assets will increase to 33%. This adjustment reflects Italy's approach to balancing fiscal policy with the growth and regulation of the digital asset sector. The decision aims to provide clarity and predictability for investors and stakeholders in the digital asset market, allowing them to plan for the upcoming changes in the tax landscape.#Italy #DigitalAssets #CapitalGainsTax #TaxPolicy #Finance #Investment #LegaParty #Stability #2026Target #EconomicGrowth
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🚀 Exodus Movement to List on NYSE American in December
#ExodusMovement #NYSEAmerican #cryptocurrency #stockmarket #OTCQX #SEC #trading #EXOD #ClassA
According to PANews, Exodus Movement, Inc., a provider of cryptocurrency wallets, has announced that its common stock has been approved for listing on the NYSE American. The company's Class A common stock, with a par value of $0.000001, will commence trading on the NYSE American under the ticker symbol 'EXOD' starting December 18, 2024. Until the market closes on December 17, 2024, the stock will continue to trade on the OTCQX market. Current shareholders are not required to take any action before the anticipated listing on the NYSE American.
Previously, Exodus had announced plans to list on the New York Stock Exchange on May 9, but the listing was delayed due to a review by the U.S. Securities and Exchange Commission (SEC).#ExodusMovement #NYSEAmerican #cryptocurrency #stockmarket #OTCQX #SEC #trading #EXOD #ClassA
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🚀 Exodus Movement's Common Stock Approved for NYSE American Listing
#ExodusMovement #NYSEAmerican #cryptocurrency #stockmarket #EXOD #OTCQX #shareholders #SEC #trading
According to Odaily, Exodus Movement, Inc., a provider of cryptocurrency wallets, has announced that its common stock has been approved for listing on the NYSE American. The company's Class A common stock, with a par value of $0.000001, is set to begin trading on the NYSE American under its current trading symbol 'EXOD' starting December 18, 2024. Until the market closes on December 17, 2024, the common stock will continue to trade on the OTCQX market.
Current shareholders of the company are not required to take any action prior to the anticipated listing on the NYSE American. Previously, Exodus had announced plans to list on the New York Stock Exchange on May 9, but the process was delayed due to a review by the U.S. Securities and Exchange Commission.#ExodusMovement #NYSEAmerican #cryptocurrency #stockmarket #EXOD #OTCQX #shareholders #SEC #trading
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🚀 Exodus Movement Gains Approval For NYSE American Listing
#ExodusMovement #NYSEAmerican #cryptocurrency #stocklisting #financialmarkets #SEC #publictrading #investors #digitalassets
According to Foresight News, Exodus Movement, Inc., a provider of cryptocurrency wallets, has announced that its common stock has been approved for listing on the NYSE American. This development marks a significant milestone for the company as it seeks to expand its presence in the financial markets.
Previously, Exodus had planned to list its shares on the New York Stock Exchange on May 9. However, this plan was delayed due to a review by the U.S. Securities and Exchange Commission (SEC). The approval for listing on the NYSE American now allows Exodus to move forward with its public trading ambitions, providing an opportunity for investors to engage with the company's stock.
The listing on the NYSE American is expected to enhance Exodus's visibility and credibility in the financial sector, potentially attracting a broader range of investors. This move aligns with the company's strategy to increase its market reach and solidify its position within the cryptocurrency industry. As Exodus prepares for its debut on the exchange, it will be closely watched by market participants interested in the evolving landscape of digital assets.#ExodusMovement #NYSEAmerican #cryptocurrency #stocklisting #financialmarkets #SEC #publictrading #investors #digitalassets
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🚀 Binance Futures Introduces MOCAUSDT Perpetual Contracts with 75x Leverage
#Binance #Futures #MOCAUSDT #PerpetualContracts #Leverage #Trading #MocaNetwork #Crypto #Finance
Binance Futures has announced the launch of USDⓈ-Margined MOCAUSDT Perpetual Contracts, offering leverage of up to 75x to enhance trading opportunities for its users. The contracts will go live on December 16, 2024, at 11:30 UTC, adding to the platform's growing list of futures trading options.Key Features of MOCAUSDT Perpetual Contracts:Underlying Asset: Moca Network (MOCA)Settlement Asset: USDTTick Size: 0.0001Funding Fee Settlement Frequency: Every four hoursCapped Funding Rate: +2.00% / -2.00%Maximum Leverage: 75xTrading Hours: 24/7Multi-Assets Mode: Supported (allows BTC as margin)Important Notes:Funding Rate and Frequency: The funding rate will be capped at +2.00% or -2.00%, with fees settled every four hours.Verification: The contract address for Moca Network is 0xf944e35f95e819e752f3ccb5faf40957d311e8c5.Flexibility: Multi-Assets Mode enables traders to use various margin assets like BTC for trading MOCAUSDT contracts.Binance reserves the right to adjust contract specifications, including funding fees, leverage, and margin requirements, based on market risk conditions.#Binance #Futures #MOCAUSDT #PerpetualContracts #Leverage #Trading #MocaNetwork #Crypto #Finance
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🚀 BNB Drops Below 710 USDT with a 0.16% Decrease in 24 Hours
#BNB #USDT #cryptocurrency #Binance #marketdata #decrease #trading
On Dec 16, 2024, 09:53 AM(UTC). According to Binance Market Data, BNB has dropped below 710 USDT and is now trading at 709.659973 USDT, with a narrowed 0.16% decrease in 24 hours.#BNB #USDT #cryptocurrency #Binance #marketdata #decrease #trading
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🚀 🔥 Binance Announces Postponement of Vana (VANA) Trading Launch 🔥
#Binance #Vana #VANA #tradinglaunch #Launchpool #BNB #FDUSD #crypto
Binance has announced a delay in the trading launch for Vana (VANA), originally scheduled for December 16, 2024, at 10:00 UTC. The new trading start time has been set for December 16, 2024, at 11:30 UTC.Key Details:Updated Trading Start Time: 2024-12-16, 11:30 UTCLaunch Information: Users can participate in the Binance Launchpool to farm VANA by locking BNB and FDUSD. #Binance #Vana #VANA #tradinglaunch #Launchpool #BNB #FDUSD #crypto
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🚀 Digital Asset Investment Products See Continued Inflows
#DigitalAssets #InvestmentProducts #Inflows #Bitcoin #Ethereum #XRP #Polkadot #Litecoin #ETFs #CryptoInvestment #BlockBeats #BTC #ETH
According to BlockBeats, the latest weekly report from Coinshares reveals that digital asset investment products experienced continued inflows last week, totaling $3.2 billion. This marks the tenth consecutive week of net inflows, bringing the total inflows for the year to $44.5 billion.
Bitcoin investment products saw inflows amounting to $2 billion, increasing the total inflows since the U.S. election to $11.5 billion. Ethereum has also maintained a positive trend, with inflows for seven consecutive weeks reaching $1 billion, and a cumulative total of $3.7 billion over this period.
The anticipation surrounding U.S.-listed ETFs has led to significant inflows into altcoins, with XRP attracting $145 million. Polkadot and Litecoin also saw inflows of $3.7 million and $2.2 million, respectively.
Regional inflows highlight a widespread positive sentiment, with all regions experiencing inflows. Notably, the United States, Switzerland, Germany, and Brazil recorded inflows of $3.1 billion, $36 million, $33 million, and $25 million, respectively.#DigitalAssets #InvestmentProducts #Inflows #Bitcoin #Ethereum #XRP #Polkadot #Litecoin #ETFs #CryptoInvestment #BlockBeats #BTC #ETH
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🚀 Solana Sees Significant Asset Influx From Other Blockchains
#Solana #Blockchain #Ethereum #AssetInflux #DeFi #Cryptocurrency #TransactionSpeed #LowerFees #SOL #ETH
According to Odaily, Solana Floor recently reported on platform X that over the past seven days, more than $300 million in assets have been bridged from other blockchains to the Solana network. Notably, assets transferred from Ethereum to Solana accounted for over $200 million of this total.
This substantial movement of assets highlights Solana's growing appeal among blockchain users and developers. The influx suggests a rising confidence in Solana's capabilities, possibly driven by its high-speed transactions and lower fees compared to other networks. As the blockchain ecosystem continues to evolve, Solana's ability to attract such significant asset transfers could position it as a formidable player in the decentralized finance (DeFi) space.
The trend of bridging assets from Ethereum to Solana may also reflect users' desire to diversify their holdings across multiple platforms, seeking to leverage the unique advantages offered by each blockchain. As Solana continues to develop and expand its ecosystem, the network's capacity to handle large volumes of transactions efficiently could further enhance its attractiveness to users and developers alike.#Solana #Blockchain #Ethereum #AssetInflux #DeFi #Cryptocurrency #TransactionSpeed #LowerFees #SOL #ETH
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🚀 Russian Official Questions Feasibility Of Trump's Tariff Threat On BRICS
#Russia #Trump #BRICS #Tariff #GlobalEconomy #DigitalCurrencies #Blockchain #EconomicSovereignty #TradeSettlements
According to PANews, Russian State Duma Deputy Chairman Alexander Babakov has publicly questioned the feasibility of former U.S. President Donald Trump's threat to impose a 100% tariff on BRICS nations. Babakov expressed skepticism about the likelihood of such extreme tariff measures being implemented, citing the interdependence of the global economy, the existence of alternative payment solutions, and potential internal opposition.
In comments published in the Russian newspaper, Babakov elaborated that BRICS countries do not need to rely on a unified currency to achieve their economic objectives. He highlighted that multilateral payment platforms could serve the same purpose. Furthermore, Babakov emphasized the development of digital currencies, offshore rubles, and clearing systems as strategies to help BRICS nations decouple trade settlements from the U.S. dollar, countering its use as a political tool.
Babakov specifically mentioned the critical role of distributed technologies like blockchain in designing and maintaining these settlement platforms, ensuring transparency and security in payments. He has previously stated that a unified clearing and trading platform would be essential for the economic sovereignty and independence of BRICS nations.#Russia #Trump #BRICS #Tariff #GlobalEconomy #DigitalCurrencies #Blockchain #EconomicSovereignty #TradeSettlements
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🚀 Sterling Poised for Gains as UK Inflation Data Could Influence Bank of England's Rate Strategy
#Sterling #BritishPound #InflationData #BankOfEngland #InterestRates #MonetaryPolicy #EURGBP #MarketVolatility #EconomicGrowth #ChrisTurner
The British pound is projected to strengthen this week, driven by upcoming UK inflation data that may reinforce the Bank of England’s cautious stance on interest rate cuts, according to ING Group analyst Chris Turner.Services inflation is anticipated to remain above 5%, which could encourage the central bank to maintain its gradual approach to monetary easing. This cautious positioning underscores the Bank of England’s focus on managing inflationary pressures without abrupt policy changes.Meanwhile, last week’s weaker-than-expected UK economic growth data spurred a surge in the EUR/GBP pair, reaching a two-week high of 0.8335, reflecting market volatility ahead of key inflation indicators. As traders eye the upcoming inflation report, the pound’s trajectory could hinge on the data's alignment with expectations. #Sterling #BritishPound #InflationData #BankOfEngland #InterestRates #MonetaryPolicy #EURGBP #MarketVolatility #EconomicGrowth #ChrisTurner
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🚀 ECB President Lagarde Signals Potential Rate Cut Amid Slowing Inflation
#ECB #Lagarde #RateCut #Inflation #MonetaryPolicy #Eurozone #EconomicGrowth #InterestRates
European Central Bank (ECB) President Christine Lagarde has indicated the possibility of rate cuts if upcoming data confirm a sustained slowdown in inflation, according to Jinshi Data.Lagarde emphasized that the ECB’s prior approach of maintaining “sufficiently restrictive” interest rates may no longer be warranted as inflation moderates. This shift in tone signals a potential easing of the ECB's monetary policy, provided inflationary pressures remain under control.The ECB's decision will hinge on forthcoming data, with markets closely watching for confirmation of inflation trends that could pave the way for rate adjustments aimed at supporting economic growth in the eurozone.#ECB #Lagarde #RateCut #Inflation #MonetaryPolicy #Eurozone #EconomicGrowth #InterestRates
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🚀 🔥 Bitcoin Shows 1.3% Average Increase During Christmas, Coingecko Report Reveals 🔥
#Bitcoin #Christmas #Coingecko #crypto #trading #investment #volatility #holidayseason #BTC
A research report by Coingecko, highlighted by TechFlow, indicates that Bitcoin has historically experienced an average rise of 1.3% during the Christmas period over the past decade. This trend reflects notable price movements both before and after the holiday.The analysis reveals that Bitcoin rose seven times in the week leading up to Christmas, with gains ranging from 0.20% to 13.19%. Post-Christmas, Bitcoin registered five increases, ranging from 0.33% to 10.86%. The most significant pre-Christmas surge was in 2016, with a 13.19% gain, while the steepest decline of 21.30% occurred in 2017. Other years saw relatively minor corrections, such as drops of 1.37% in 2015 and 0.11% in 2019, while post-Christmas declines ranged between 0.04% and 6.42%.This data underscores Bitcoin’s tendency for notable volatility during the festive season, with a general upward bias, making it a key period for traders and investors to monitor.#Bitcoin #Christmas #Coingecko #crypto #trading #investment #volatility #holidayseason #BTC
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🚀 🔥 Fear and Greed Index Hits 83, Signaling Extreme Greed in Crypto Markets 🔥
#FearAndGreedIndex #ExtremeGreed #CryptoMarkets #MarketOptimism #InvestorConfidence
According to Binance data, the Fear and Greed Index has risen to 83 today, up from 80 yesterday, maintaining its status in the "Extreme Greed" category. This metric reflects heightened market optimism and strong investor confidence in the cryptocurrency market.#FearAndGreedIndex #ExtremeGreed #CryptoMarkets #MarketOptimism #InvestorConfidence
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🚀 Binance Expands Vana (VANA) Offerings Across Multiple Platforms
#Binance #Vana #Crypto #Trading #Investing #SimpleEarn #AutoInvest #BuyCrypto #Convert #Margin #Futures #Tokens #Rewards #Volatility #Leverage #VANA
Binance has announced the integration of Vana (VANA) into several of its services, including Binance Simple Earn, "Buy Crypto," Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures. These additions are set to roll out at various times to enhance trading and investment options for users.Key Updates for Vana (VANA) Listings:Earn:Flexible Products: VANA will be listed on Binance Simple Earn Flexible Products starting 2024-12-16 11:30 (UTC), enabling users to earn rewards on their holdings.Auto-Invest: Starting 2024-12-18 10:00 (UTC), users can purchase VANA using Binance Auto-Invest and take advantage of automated investment plans.Buy & Sell Crypto:Users can purchase VANA with VISA, MasterCard, Google Pay, Apple Pay, or wallet balances via the "Buy Crypto" page within one hour of its Binance Spot listing.Convert:Binance Convert will support VANA trading against BTC, USDT, and other tokens at zero fees within an hour of its Binance Spot debut.Margin:VANA will become a borrowable asset on Binance Cross and Isolated Margin platforms starting 2024-12-16 14:00 (UTC), paired with USDT. VIP users (VIP 7 to VIP 9) can borrow the token 30 minutes prior to the official Margin trading launch.Note: Interest will accrue on borrowed VANA tokens, even before Margin trading officially begins. Traders should implement strong risk management due to potential volatility.Futures:Binance Futures will launch the USDⓈ-M VANA Perpetual Contract with up to 75x leverage, starting 2024-12-16 13:30 (UTC).#Binance #Vana #Crypto #Trading #Investing #SimpleEarn #AutoInvest #BuyCrypto #Convert #Margin #Futures #Tokens #Rewards #Volatility #Leverage #VANA
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🚀 Ethereum Foundation Proposes EIP 7723 Update to Streamline Network Upgrade Development
#Ethereum #EIP7723 #NetworkUpgrade #Development #Clarity #Efficiency #Deployment #Feedback
Ethereum Foundation Proposes EIP 7723 Update to Streamline Network Upgrade DevelopmentThe Ethereum Foundation is advancing its efforts to optimize the development process for network upgrades through a proposed update to Ethereum Improvement Proposal (EIP) 7723. According to Tim Beiko, head of protocol support at the Ethereum Foundation, the proposal aims to enhance clarity and efficiency in the integration of EIPs into development networks.Key Highlights of the Proposal:Refining EIP Status Categories:EIPs marked as "Considering for Inclusion" (CFI) would indicate proposals under review for potential inclusion in the development network.EIPs marked as "Planned for Inclusion" (SFI) would specify proposals confirmed for integration in the next development network iteration.Streamlining Deployment:The proposed changes are designed to limit the volume of updates introduced to the development network, ensuring smoother deployment and testing processes.Timeline for Implementation:Beiko has invited feedback on the proposed changes, stating that the update will be finalized next week if no significant comments or objections are raised.#Ethereum #EIP7723 #NetworkUpgrade #Development #Clarity #Efficiency #Deployment #Feedback
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🚀 VANA Reaching a New All-Time High, Increase of 2444.80% in 24 Hours
#VANA #AllTimeHigh #Cryptocurrency #Binance #MarketData #24HourIncrease #USDT
On Dec 16, 2024, 11:39 AM(UTC). according to Binance Market Data, VANA has achieved a new all-time high, trading at 25.448 USDT. The 24-hour increase of 2444.80%#VANA #AllTimeHigh #Cryptocurrency #Binance #MarketData #24HourIncrease #USDT
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🚀 Indonesia's Central Bank Faces Tough Rate Decision Amid Mixed Expectations
#Indonesia #CentralBank #BankIndonesia #InterestRate #Economy #Rupiah #MonetaryPolicy #Inflation #EconomicGrowth #FederalReserve
Indonesia's central bank, Bank Indonesia (BI), is grappling with a pivotal decision on its 7-day reverse repurchase rate as analysts remain divided. According to a Wall Street Journal survey, four out of seven economists expect the rate to remain steady at 6.0%, while the other three anticipate a cut to 5.75%.Key Factors Influencing the Decision:Exchange Rate Stability:Bob Savage, head of market strategy at Bank of New York Mellon, highlights that concerns over the stability of the Indonesian rupiah may push the central bank to adopt a cautious stance despite favorable economic conditions.Economic Context:Indonesia benefits from high real interest rates and low inflation, which could justify a rate cut.A potential rate cut by the U.S. Federal Reserve could support BI's move toward rate normalization, easing external pressures on the rupiah.Policy Balancing Act:Bank Indonesia must navigate the delicate balance between supporting economic growth and maintaining currency stability, a challenge compounded by global monetary trends and domestic economic factors.The decision will be closely watched as it could set the tone for Indonesia's monetary policy heading into 2025.#Indonesia #CentralBank #BankIndonesia #InterestRate #Economy #Rupiah #MonetaryPolicy #Inflation #EconomicGrowth #FederalReserve
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🚀 🔥 VANA Opens at 25.7 USDT on Binance, Currently Trading at 20.328 USDT 🔥
#VANA #Binance #USDT #cryptocurrency #trading
According to Binance market data, VANA debuted with an opening price of 25.7 USDT and is now temporarily trading at 20.328 USDT. #VANA #Binance #USDT #cryptocurrency #trading
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