Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of relief funds through cryptocurrency donations for a charity organization.

Leading Exchanges Commit to Supporting the Victims of the Earthquake in Turkey

The global crypto trading sector has quickly reacted to the news of the deadly earthquake that brought destruction to parts of Turkey and the region. Over the past few years, the country became a growing crypto market and digital asset exchanges are now offering to help Turkish traders, their families, and neighbors in need.

Binance, the world’s largest trading platform for cryptocurrencies, announced on Tuesday it will airdrop $100 of BNB tokens to all of its users living in the most affected areas. The company said it will identify the customers that qualify based on proof of address and disperse a total of around $5 million. It also emphasized:

Crypto transfers are now increasingly being used to deliver financial aid to disaster victims as they provide fast, low-cost, borderless, and transparent transactions.

Furthermore, Binance Charity is now accepting donations in several coins that will be converted to Turkish lira and sent to an NGO. “We hope that our efforts will bring some relief to those affected. We are also calling on our industry peers to once again come together to offer support in these times of crisis,” Binance founder and CEO Changpeng Zhao was quoted as saying.

Competitors like Huobi, Okx, Bybit, and others have promised to support Turkey as well. Okx will provide 1 million Turkish lira (over $53,000) in financial assistance for the victims of the natural disaster, according to a statement by its Chief Marketing Officer Haider Rafique. Bitget is donating the same amount of money.

Huobi CEO Justin Sun unveiled the establishment of a 2 million lira relief fund by the Tron exchange and blockchain in memory of those who lost their lives in the powerful earthquake. The death toll from the 7.8 magnitude tremor, which struck Southeastern Turkey and Western Syria on Monday, continues to rise and is already exceeding 9,000.

Coinex said in a Facebook post it’s ready to help people in both countries while Bitmex tweeted it will donate the proceeds of its trading competition this week to the Turkish Red Crescent. Bitfinex and Tether expressed their condolences and pledged 5 million lira towards immediate humanitarian aid and recovery efforts. They will also “seek ways to provide continued support towards helping Turkiye rebuild for the future.”

Our thoughts are with all the people who have been affected by the tragic Turkey-Syria earthquake today.

BitMEX will be donating the proceeds of this week’s Trading Competition to the @RedCrescent, and we encourage those who can donate to do the same. #GeçmişOlsunTürkiye

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— BitMEX (@BitMEX) February 6, 2023

Singapore-based crypto exchange Bybit announced it will send $100,000 to Turkey’s Disaster and Management Authority (AFAD). Meanwhile, the country’s Financial Crimes Investigation Board (MASAK) approved an initiative by a charity called Ahbap to raise donations in cryptocurrency, according to its founder, Turkish singer Haluk Levent. The campaign will continue until Feb. 13

Do you expect other companies from the crypto industry to join these exchanges in helping Turkey to deal with the disaster? Tell us in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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One of the main reasons behind the crypto rally we have seen in January is Fed’s report that has shown that the US inflation is finally being put under control.

Financial advisors suggest that every investor should keep a close eye on the next Fed meeting in March and follow on the status of interest rates. If rates continue to decline that would imply that we can expect a continued rally throughout the year. 

But until the next meeting takes place, we can expect the crypto market to continue this bullish trend. 

And, according to experts, the best way you can capitalize on this momentum is by investing in Meta Masters Guild (MEMAG), Fight Out (FGHT), RobotEra (TARO), and C+Charge (CCHG) because of the unique features they offer.

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5 Best Cryptos to Buy this Week – Overview

• Meta Masters Guild (MEMAG) – First Ever Mobile-Only P2E Project
• Fight Out (FGHT) – M2E Platform that Combined Web3 and the Real-World 
• RobotEra (TARO) – Immersive Metaverse Filled with Robot NFTs
• C+Charge (CCHG) – Promising EV Blockchain Project  
• ApeCoin (APE) – FBI Join the Bored Ape Frenzy

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5 Best Cryptos to Buy this Week – Granular Analysis 

With the basics covered,  let’s move on to a more detailed analysis of these coins:

Meta Masters Guild (MEMAG) – First Ever Mobile-Only P2E Project

Meta Masters Guild has taken the mobile gaming industry like storm when it was announced due to its focus on mobile-only titles.

Guild is going to incorporate numerous games into its platform like Meta Kart Racers, Meta Masters World, and NFT Raid which are already in their final phases of development. 

In addition to that, the team behind the project embraced other game developers to work on their platform in order to expand the offer.

At the core of the project will be its native token $MEMAG which will be used for all in-game transactions and also as an exchange for any fiat currency.

MEMAG is now entering the final stages of the 5th presale stage that is due to end this week, and experts suggest that the price will never be this low again.

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Fight Out (FGHT) – M2E Platform that Combined Web3 and the Real-World 

A platform that combines an innovative approach to blockchain, Web3 technology, and real-world use cases? That’s what Fight Out is all about. 

The project was built on a premise that every individual should have an individually constructed workout plan and diet regime.  

Fight Out will deliver just that by hiring world-renowned athletes that will create a specially tailored regime for every user. 

Instead of tracking just simple movements like walking, fitness enthusiasts will be able to record a variety of exercises like weight lifting and many others.

In addition to that, users will obtain soulbound NFT avatars that will mirror their progress. 

While all of that is already superb, a launch of Fight Out gyms is expected in Q4 2023. There, users will be able to use top-notch equipment and showcase their valued NFTs.

FGHT is now on presale and experts seem to believe that we may be looking at the best project of the year.

>>>Buy FGHT Now<<<

RobotEra (TARO) – Immersive Metaverse Filled with Robot NFTs

RobotEra is a new Metaverse project that is looking to revolutionize the P2E crypto space with an incredible use of P2E technology.

The Metaverse will be comprised of seven different continents that have been devastated and players will have the task of rebuilding them from the ground up.

Players will have to obtain their NFT robots, which they will use to explore, extract resources, and trade land within the multiverse.

The primary currency and official token of the platform is TARO, and its presale is now in its 1st stage, however, prices will rise much sooner than expected considering that more than $40 million TARO has already been sold.

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C+Charge (CCHG) – Promising EV Blockchain Project

C+Charge is a new cryptocurrency that focuses on the environmentally-friendly and renewable energy sector, with the goal of making carbon credits accessible to EV drivers.

C+Charge has developed a platform that uniquely utilizes blockchain technology, granting drivers carbon credits as a reward for charging their electric vehicles at designated charging stations.

CCHG is also working on an app that will help drivers find charging stations more easily and also figure out if there is a big waiting line.

Industry analysts seem to be sure that C+Charge is on a fool-proof course to becoming the leader in the green crypto space.

>>>Buy CCHG Now<<<

ApeCoin (APE) – FBI Acquired a Bored Ape

ApeCoin is the main utility token for one of the most successful NFT projects, Bored Ape. APE was a huge success from the very launch of the coin.

There is a lot of going on in the BAYC right now and the announcement of new features for 2023 will make APE’s price go even higher.

Interestingly, there is a new member of the Bored Ape owners club – the FBI. Apparently, the Federal bureau seized a Bored Ape #9658 from the infamous crypto scam artist that goes by the name “Horror”, which reassures the investors that APE is the good portfolio option right now.

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The Conclusion

There are a lot of positive signs that the crypto market will continue its upward trajectory in value throughout February.

But, which projects will bring the largest gains? 

We analyzed things like innovation, features, security, and market capitalization and found that the presales like MEMAG, FGHT, TARO, and CCHG are expected to bring over 30x gains very soon.

The post The 5 Best Cryptos to Buy This Week for 30x Gains! appeared first on Analytics Insight.

The article will suggest you the top 10 stablecoins to buy in the beginning of 2023

Stablecoins are becoming more and more well-liked every year. They blend the finest features of cryptocurrency and fiat money. Because stablecoins are typically pegged to fiat currencies, their prices are rather predictable. Since they are less volatile than other cryptocurrencies. Stablecoins, however, are still classified as cryptocurrencies, making them appropriate for almost instantaneous cross-border transactions and independent of banks and governments. Stablecoins are not entirely linked to fiat money, though. The tokens, which are linked to precious metals, cryptocurrencies, and other assets, are used in a number of prominent initiatives. In this article, we will observe the top stablecoins to buy worth your attention if you want to add some stablecoins for 2023 to your portfolio. Here is a list of the top 10 stablecoins to buy in 2023.

Tether (USDT)

One of the original stablecoins was called Tether. It debuted as soon as 2014. In terms of market capitalization, it is the dominant stablecoin, as of 2023. Tether has long been one of the top 5 cryptocurrencies by market cap. The price of Tether is 1:1 correlated to the USD. All units are purportedly backed by US dollars by the organization that created Tether. Police, however, remain skeptical about these assertions. 

USD Coin (USDC)

Another USD-pegged stablecoin with a 1:1 ratio, USD Coin, entered the top 5 cryptocurrencies by market cap. A project of Coinbase and Circle is USDC. The USDC supply is backed by fiat money reserves and US treasuries. Given that Coinbase is one of the top cryptocurrency exchanges worldwide, USDC will surely be a wise investment in 2023.

True USD (TUSD)

2018 saw the launch of True USD, a stablecoin that is tethered to the US dollar. The TUSD’s collateral is split among multiple bank accounts held by trust corporations. TUSD has successfully kept the USD/TUSD ratio at 1:1 for many years. TUSD is one among the top 50 cryptocurrencies by market cap.

Binance USD (BUSD)

Binance Another well-known stablecoin, USD, is 1:1 tied to the USD. This cryptocurrency was created by Binance, the exchange with the largest trading volume. The exchange rewards users of its branded currency, which gives BUSD a continuous and significant boost. BUSD is one of the top ten cryptocurrencies in terms of market cap.

Dai (DAI)

The most well-known stablecoin backed by cryptocurrency is Dai. The corporation known as Maker DAO is in charge of developing Dai. Although DAI’s price is backed by tokens based on Ethereum, it is fixed to the USD price. In 2019, a multi-collateralized DAI was introduced. One of the cryptocurrencies with the highest market cap is dai. It has a spot behind the top 10 cryptocurrencies as of the beginning of 2023.

Magic Internet Money (MIM)

A stablecoin called Magic Internet Money (MIM) has a 1-to-1 soft peg to the US dollar. The cryptocurrency loan platform Abracadabra Money unveiled the asset in 2021. Aside from sporadic minor price spikes or decreases, MIM successfully holds the $1 price.

Reserve Rights (RSV)

The Reserve Ecosystem debuted the Reserve token (RSV), a stablecoin backed by cryptocurrency, in 2020. The price wasn’t particularly stable at first, but by the end of 2021, it finally stabilized. The RSV price has been around $1 since late 2021.

Neutrino USD (USDN)

One of the most widely used algorithmic stablecoins is neutrino USD. USDN is one of the top 100 cryptocurrencies by market cap as of the beginning of 2023. The token was fixed at a 1:1 ratio to the USD. It did, however, depreciate in the autumn of 2022. The coin is still actively traded in spite of this. One could view the item’s price reduction from $1 to 50 cents as a buying opportunity. 

Decentralized USD (USDD)

A well-liked semi-algorithmic stablecoin is Decentralized USD. It debuted on Tron in 2022. Multiple crypto assets are used as collateral, which is provided by the TRON DAO Reserve. Decentralized USD is among the top 50 cryptocurrencies by market cap as of the beginning of 2023.

Pax Gold (PAXG)

A stablecoin backed by gold is called Pax Gold. This coin is among the top 100 cryptocurrencies thanks to its huge market cap. Pax Gold rose to prominence as the most prominent commodity-backed stablecoin in just two years.

The post Top 10 Stablecoins to Buy in 2023 appeared first on Analytics Insight.