MEXC Global: Low Fees, 200+ Cryptos & MX Token Perks

MEXC Global: Low Fees, 200+ Cryptos & MX Token Perks

by | Apr 24, 2023 | Referral Code

​MEXC Global, a top-ranked cryptocurrency exchange on CoinMarketCap as of April 24th, 2023, boasts the 14th highest daily futures trading volume. The platform supports a wide variety of cryptocurrencies, offering trading pairs for not only major coins like Bitcoin and Ethereum but also over 200 other digital currencies.

One of the biggest advantages of MEXC Global is its low trading fees, providing significant savings for frequent futures traders. By using the referral code "mexc-1L7Ws" from Referral codescom, users can receive an additional 10% discount on all transaction fees.

 

The MEXC Global exchange offers a user-friendly mobile app, making it easy for crypto trading beginners to navigate. At the same time, it provides advanced trading features for experienced traders, including margin trading that allows users to borrow funds to expand their trades.

Unique features of MEXC Global include a kickstarter for MX Token Holders and a Launchpad where users can receive various Token Airdrops. Ongoing M-Day events using MX Tokens offer multiple opportunities for those who purchase and hold the tokens.

To trade on MEXC Global with a 10% fee discount, sign up using the following link or enter the referral code "mexc-1L7Ws" during registration to receive the discounted fee benefits.

Hong Kong Court Recognizes Crypto as Property

Hong Kong Court Recognizes Crypto as Property

by | Apr 19, 2023 | Crypto Blog

 

Recently, a Hong Kong court ruled that cryptocurrency is considered property and can be held on trust. This decision, which involved the now-defunct crypto exchange Gatecoin, has significant implications for the crypto industry, particularly in terms of regulation and asset classification.

According to CoinDesk, the ruling was made by Justice Linda Chan, who stated that Hong Kong's definition of "property" is broad and intended to have a wide meaning. This ruling is in line with similar decisions in Mainland China and the US, where the Internal Revenue Service (IRS) treats crypto as property for tax purposes. Moreover, a government-funded law commission in the UK has determined that crypto can be classified as a new type of property under existing laws in England and Wales.

In 2019, Gatecoin announced that it would shut down and begin liquidation after attempting to recover disputed funds from a former payment services provider. The liquidators sought guidance from the court on how to treat the crypto held by Gatecoin, which amounted to over 140 million Hong Kong dollars ($17.8 million) in October 2022.

 

While the court found that cryptocurrencies can form the subject matter of a trust, it determined that a trust had not been established in this particular case. This ruling provides greater clarity for Hong Kong liquidators on how to treat crypto assets held by companies during wind-down procedures.

As Hong Kong continues to push for clearer regulations in the crypto sector, brokerage firm Bernstein has noted that the jurisdiction's approach to regulating crypto could attract capital amid global regulatory uncertainty.

 

In summary, to get a fee discount, you must sign up for membership through the link below. We have briefly introduced the Bybit registration method, KYC certification, and security management methods.

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Bitcoin Mirrors Gold’s 1970s Path: Morgan Stanley vs Bernstein Outlook

Bitcoin Mirrors Gold’s 1970s Path: Morgan Stanley vs Bernstein Outlook

by | Apr 18, 2023 | Crypto Blog

 

Morgan Stanley suggests Bitcoin may face tough times ahead, as it shares similarities with the movement of gold in the 1970s. According to CNBC, Morgan Stanley strategist, Sheena Shah, claims that "50 years ago, gold was also traded as a speculative asset" and that "Bitcoin has so far followed a similar path to the gold price speculation of the 1970s, moving in a four-year cycle."

Gold in the 1970s followed the consumer price index (CPI) as governments explosively issued legal tender in response to crises. Shah notes that "from 1971, as the US dollar supply increased rapidly, the price of gold quadrupled in just four years." Between August 1976 and January 1980, the gold price increased eight-fold, from $102 to $850, but the speculation had not yet reached its peak.

Shah adds that "the statistical similarity between Bitcoin and gold could be coincidental, as gold prices were managed for the first few years." Bitcoin proponents emphasize its potential as 'digital gold,' citing its divisibility, scarcity, and independence from central issuers.

 

Some once argued that Bitcoin could serve as an alternative to stocks, but this claim lost steam as the correlation between cryptocurrencies and stocks reached an all-time high during last year's market turmoil. As of last month, the correlation between Bitcoin and stocks fell to its lowest since 2021, while that of Bitcoin and gold rose.

In contrast, Wall Street investment bank Bernstein points out that Bitcoin recorded a 2.91 times higher return than gold over three years as the Federal Reserve lowered interest rates amid the COVID-19 pandemic. They predict "an unprecedented Bitcoin bull run is about to begin." The report states, "the collapse of FTX and consecutive bankruptcies of US banks are catalysts for a new crypto bull market. Positive news for the crypto market includes the completion of Ethereum's Shanghai upgrade, the success of Arbitrum, and the upcoming Bitcoin halving."

With two opposing outlooks, it remains to be seen whether Morgan Stanley's 'disappointment' or Bernstein's 'expectation' will prevail.

 

 

In summary, to get a fee discount, you must sign up for membership through the link below. We have briefly introduced the Bybit registration method, KYC certification, and security management methods.

https://partner.bybit.com/b/diddy09

If it's an app, you can enter 19670 as the referral code.

Elon Musk Reveals Government Access to Twitter DMs, Sparks Controversy and Boosts Dogecoin

Elon Musk Reveals Government Access to Twitter DMs, Sparks Controversy and Boosts Dogecoin

by | Apr 17, 2023 | Crypto Blog

 

In a recent preview of an interview on Fox News' "Tucker Carlson Tonight," Tesla CEO Elon Musk, who acquired Twitter last year, made a startling revelation that the US government can read all private direct messages (DMs) on Twitter. This claim has sparked a debate on privacy and government surveillance in social media.

Musk expressed his shock, stating he was unaware of the government's virtually complete access to everything happening on Twitter, including users' private DMs. However, Forbes questions whether Musk's "access" refers to the standard procedure where agencies like the FBI obtain data from tech companies through court orders or if it implies a more sinister surveillance system.

In the same interview, Musk also emphasized the dangers of artificial intelligence (AI). He warned that left-leaning programmers could use AI to lie, which he believes is wrong. Comparing AI to faulty aircraft design and defective car production, Musk claimed that AI possesses civilization-destroying potential.

 

 

Interestingly, following Musk's revelations, the meme coin Dogecoin, which he has shown a fondness for, experienced a 5% surge in value. Although there seems to be no direct correlation between the news and the meme coin, Dogecoin's volatility has often been linked to Musk's tweets in the past.

 

 

In summary, to get a fee discount, you must sign up for membership through the link below. We have briefly introduced the Bybit registration method, KYC certification, and security management methods.

https://partner.bybit.com/b/diddy09

If it's an app, you can enter 19670 as the referral code.

US CPI Report Shows Encouraging Signs, But Market Volatility Persists

US CPI Report Shows Encouraging Signs, But Market Volatility Persists

by | Apr 13, 2023 | Crypto Blog

 

On April 12th, 2023, the US Consumer Price Index (CPI) for April was announced, showing a 5.0% increase compared to the previous year. This is lower than the anticipated 5.2%, but still far from the Federal Reserve's 2% target. Nonetheless, it is the first time since September 2021 that the CPI has come in at 5.0%, which is quite encouraging.

 

 

A month-over-month chart shows a gradual downward trend. However, it is still premature to expect cryptocurrencies or stocks to move in a single direction. The core CPI rose 5.6% year-over-year, higher than February's CPI. Bloomberg points out that this is the first time in two years that the core CPI's growth rate has exceeded the overall CPI growth rate, indicating persistent high inflation.

 

 

Bybit Exchange Bitcoin Chart

These announcements can create a sense of unease in the market, even though they contain well-known information. Bitcoin's price fluctuated before and after the US CPI announcement, demonstrating enough volatility for high-leverage futures traders to face liquidation. During major economic announcements such as CPI or FOMC interest rate decisions, it is prudent to observe rather than trade. As prices tend to return to their original levels, placing a buy order at the initial position can provide peace of mind and a good night's sleep.

 

 

OKX exchange is a massive exchange, ranked third after Binance and Bybit in terms of Derivatives trading standards.

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Furthermore, if you sign up with the referral code 47041357, you can directly recruit referrals. As a result, you can receive a rebate of 20% of the direct referral's trading fee. Therefore, we recommend recruiting referrals directly to receive the benefits.

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