🚀 The price of #USDT on Panamanian platforms like #Zinli and Mony has skyrocketed by 10%, reaching atypical quotes of up to 1.14 dollars per unit, as a consequence of the so-called "currency bicycle" in Venezuela.
⚠️ This distortion impacts regional liquidity, making access to stablecoins more expensive for users who depend on these financial bridges for savings. $USDT
The information about the existence of a "new tax" on cryptocurrencies in Venezuela is FALSE. This is incorrect information.
It is simply the annual declaration period of the ISLR, which occurs every year during the first quarter.
As with any economic activity, if a person earned income during the year (whether from commerce, services, investments, or even operations with crypto assets), that income is part of their fiscal reality and can be considered in their declaration.
But it is important to clarify: there is no new provision from @SENIAT_Oficial that creates a specific tax for cryptocurrencies or a new tax on crypto transactions, nor is there a proposed law or project presented by the regulatory body.
What happened was a media interpretation taken out of context of a much simpler issue: we are in tax declaration season.
You can buy your $BTC , and make transactions with $USDT normally.
It's a good time to buy $TRUMP and $MELANIA , the latter has dropped 17.000% in value, but they are tokens of people who are still in the political power of the most powerful country in the world for 3 more years, so it is worth it. and it will soon rise again.
Many ask me: Why do you buy $BTTC ? Let me explain.
Although more than 990 trillion of $BTTC were minted, that amount does not currently exist; a large part of that exaggerated volume has been burned since 2022 to reduce its volume and adjust its value.
In the current and future forms of burning to reduce the volume: BitTorrent implements automatic and strategic mechanisms to increase the long-term value of the token:
Network Fee Burn: A portion of the transaction fees on the BitTorrent Chain is regularly burned to maintain a constant deflationary model.
Smart Contracts and DAO: The team plans to burn 3 trillion additional tokens in future phases through contracts managed by a DAO, ensuring transparency in the process.
"Black Hole" Mechanism: Tokens are permanently sent to an inaccessible wallet address (without private keys), irreversibly removing them from the circulating supply.
Annual Symbolic Burn: Every July 2nd, BitTorrent carries out a commemorative burn for its anniversary to reinforce its commitment to supply reduction to the community.
Bridges and Withdrawals: In the BTTC interoperability system, when withdrawing assets to other chains (like Ethereum or TRON), the equivalent tokens in BTTC are burned before being released on the destination chain.
In conclusion: BitTorrent's plan remains deflationary. The long-term goal of some analyses suggests that the team may seek to reduce the supply by as much as 80%, leaving only about 198 trillion in existence to force a more aggressive value increase.
The exaggerated volume of $BTTC is decreasing every second; in the coming days, months, and years, its price will rise, and only those who purchased it today will enjoy the benefits.
I bought 5 billion of $BTTC , the more Holders we have $BTTC and keep them in our account the price will rise.
Additionally, if we carry out a community-driven Hype similar to a viral memecoin, with a strong communication campaign, community efforts, listings, or viral events could trigger FOMO rallies. All of this while #Bittorent does its job.
They bought $POWER during the FOMO and now they cry because it falls 90% in just two days. Simply accept your loss, the Holders and the whales who had $POWER sold at its highest peak and it's not going to rise anymore.
Now, your only hope is to buy $BTTC and wait. #BitTorrent brings good things
Those who mock $BTTC calling it BTC from Temu, the only thing that will remain for them is the regret of not having bought it when it was worth tenths of cents.
In the coming years its value will skyrocket 🚀. Those who bought millions of BTTC for you will be the kingdom of fortune 💸
I will continue buying millions of $BTTC , it seems like an incredible bet for the future at a very low cost, without risking thousands of dollars, just a few cents.
Yes, we know there are 900 trillion BTTC, but nothing prevents them from burning a large part of that percentage and the price rising. If it disappears, I lose cents, but if it skyrockets to 0.01, I gain thousands of dollars.
🚨 Binance reported failures and greater risk controls in the use of credit and debit cards for users in Venezuela.
📈 This hinders arbitrage with $USDT , a so-called "currency bicycle" that takes advantage of the differential between the official rate and the price of the Tether Limited stablecoin.
🏦 The exchange attributes the rejections to limits on virtual cards and new barriers imposed by international payment processors for the purchase of cryptos $BTC $ETH
🧐 Technical Analysis $ADA as of 25-02: Whales accumulate 819M while the market doubts Is it a bottom or a trap? 🚀
Good morning Cardano family. We are starting today with our eyes on the chart of $ADA because we are seeing something that hasn’t happened since 2022: massive accumulation by whales amid widespread panic.
I just reviewed the on-chain data, the movements of large holders, and the technical analysis from this weekend, and this is what I see: 1️⃣ Current Price: Cardano is trading around $0.26 - $0.27, after extending its losses for the sixth consecutive week since mid-January. The token has fallen nearly 7% in the last week due to renewed concerns about tariffs in the U.S.
Transfer from Paypal to Binance if possible using platforms, I have been using Tu Wallet for two years with them I can buy $USDT using Paypal and then buy the cryptos I want, like $BTC taking advantage of the fact that bitcoin is going down I can buy
I have successfully linked my international card from the Bank of Venezuela with Paypal 🥳, now I can buy $BTC cheaply and take advantage of the drop in bitcoin.
Why is it expensive to buy #USDT through Wally now? Well, because now everyone who buys electronic Dollars is transferring them to Wally, and then they want to convert them to USDT, the supply of Wally has saturated and the price has changed. It's impossible to buy cryptos $BTC