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New York Assemblymember Phil Steck has proposed a bill, Assembly Bill 8966, that would impose a 0.2% excise tax on cryptocurrency transactions in the state. The tax aims to generate approximately $158 million annually, which would be used to fund substance abuse prevention and intervention programs in schools across upstate New York.
Key Points of the Proposal:
- Tax Rate: 0.2% excise tax on cryptocurrency transactions, including NFTs, mining and staking income, and stablecoins
- Revenue Generation: Estimated $158 million annually
- Funding Purpose: Substance abuse prevention and intervention programs in upstate New York schools
- Potential Impact: May influence cryptocurrency trading volumes and liquidity in New York, potentially prompting shifts to lower-tax areas
¹ ² ³
Rationale Behind the Proposal:
The proposal seeks to address the growing issue of substance abuse in New York, particularly in upstate regions. According to Assemblymember Steck, the tax would provide much-needed support for programs that prevent substance abuse and promote students' health and well-being ⁴.
Potential Effects on the Cryptocurrency Market:
The proposed tax may lead to increased transaction costs and reporting complexity for cryptocurrency traders and investors in New York. This could potentially influence market behavior, encouraging some to move their activities elsewhere or reduce trading frequency ⁵.
Status of the Bill:
The bill is currently under review and would need to pass through the Assembly committee, receive a majority vote in the full Assembly, and ultimately be signed into law by the governor ⁵.

Here's a comprehensive article on Binance P2P, covering its features, benefits, and usage.
What is Binance P2P?
Binance P2P is a peer-to-peer cryptocurrency trading platform that allows users to buy and sell cryptocurrencies directly with each other. This platform provides a secure and convenient way to exchange cryptocurrencies, using various payment methods and enjoying competitive prices ¹.
Benefits of Using Binance P2P
- Increased Privacy: P2P transactions often require less personal information compared to traditional exchange platforms.
- More Payment Options: Binance P2P supports over 700 payment methods, including bank transfers, mobile money, and online payment platforms.
- Potentially Better Prices: Buyers and sellers set their own prices, creating a competitive market that can result in better rates.
- Accessibility: P2P trading is available in many countries where centralized exchange services are restricted ¹ ².
How to Use Binance P2P
1. Create a Binance Account: Sign up for a Binance account and complete the identity verification process.
2. Navigate to P2P Trading: Go to the "Trade" section and select "P2P".
3. Choose Buy or Sell: Decide whether you want to buy or sell cryptocurrency.
4. Select Cryptocurrency and Fiat Currency: Choose the cryptocurrency and fiat currency you want to trade.
5. Filter Merchants: Filter merchants based on payment method, trade limit, and verification level.
6. Initiate a Trade: Select a merchant and enter the amount of cryptocurrency you want to buy or sell ² ³.
Safety Tips for P2P Trading
- Only Trade with Verified Merchants: Look for merchants with high completion rates and good reputations.
- Double-Check Payment Details: Verify the payment details provided by the merchant.
- Use Binance Escrow: Always use Binance's escrow service to protect your funds ².
Binance P2P Fees
Binance P2P generally doesn't charge fees to buyers or sellers. However, there may be fees associated with the underlying cryptocurrency transactions on the blockchain ¹.
By following these guidelines and tips, you can safely and effectively use Binance P2P to buy and sell cryptocurrencies.#BinanceHODLerPLUME #BinanceP2P #MetaplanetBTCPurchase

If your Easypaisa account is blocked for P2P transactions, here are some potential reasons and solutions:
Reasons for Blockage:
- Suspicious Activity: Unusual or flagged transactions can trigger a block.
- Incomplete KYC Information: Your profile may lack essential details.
- Exceeded Transaction Limits: Going over daily or monthly limits can result in restrictions.
- Profile Discrepancies: Mismatched or outdated information can cause issues.
- Dormant Account: Inactivity for 90 days can lead to temporary blocking.
Solutions:
- Contact Easypaisa Support: Reach out to their customer service for assistance.
- Call 3737 from a Telenor number or 042-111-003-737 from other networks.
- Provide your CNIC number, registered mobile number, and recent transaction details for verification.
- Verify and Update Your KYC: Ensure all personal details are accurate and complete.
- Reset Your PIN: Use the Easypaisa app or USSD code 7868*1# to reset your PIN.
- Visit a Telenor Franchise: Update your CNIC and other personal details to reactivate your account.
Prevention Tips:
- Regularly Update Your Information: Keep your CNIC and personal details current.
- Monitor Transactions: Report any suspicious activity immediately.
- Use Strong PINs: Avoid simple or repeating numbers.
- Enable Two-Factor Authentication: Add an extra layer of protection to your account ¹ ² ³.#EasypaisaBlock #EasypaisaProblemSolved

Binance has rolled out several exciting updates and new features recently. Here are some of the notable ones:
- AI-Powered UI/UX: Binance introduced a new AI-powered user interface and user experience (UI/UX) that allows users to personalize their experience with smart widgets and a customizable homepage. This update includes features like AI Trending, ETF Net Flow, Fear & Greed indicator, and Copy Trading.
- Binance Wallet Update: The revamped Binance Wallet offers a unified interface for managing multi-chain assets, a revamped Airdrop Zone, and Reward Center. The update aims to simplify access to Web3 technologies and integrate these tools into users' everyday lives.
- Alpha Point: Binance introduced Alpha Point, a feature that evaluates user engagement within the Binance Alpha ecosystem and Binance Wallet. Users can earn points by holding assets, trading, and participating in activities, which can be redeemed for rewards like IDOs and airdrops.
- New Features in Binance Square: Binance Square, the social networking platform, received updates including the ability to repost comments, earn Binance Points by completing daily tasks, and a new Hot Topics tab.
- Lead Trader Comparison Tool: Binance introduced a Lead Trader Comparison Tool for copy trading, allowing users to compare up to four lead traders at once and make informed decisions.
- BFUSD: Binance Futures platform introduced BFUSD, a yield-bearing asset designed to enhance trading and offer daily USDT$ETH $BNB
$BTC rewards.
- Airdrop Carnival: Binance launched an Airdrop Carnival event, offering $5 million in token airdrops from upcoming Web3 projects ¹ ² ³.dh

PEPE Rewards Pool Alert! 🐸💰
Get ready to claim your share of the $500,000 PEPE rewards pool! 🚀 Crypto.com is hosting a campaign that's exclusive to US users, where the top 50,000 eligible users ranked by USD fiat deposits will receive $10 worth of PEPE$SOL $XRP tokens.
Campaign Details:
- Campaign Period: August 12, 2024, 07:00 UTC – September 2, 2024, 00:00 UTC
- Rewards Pool: $500,000 worth of PEPE tokens
- Eligibility: US users only
- Activities:
- Net Deposit Competition: Top 10,000 users with the highest net deposits of PEPE will receive $25 worth of PEPE each.
- Trading Competition: Top 10,000 users with the highest PEPE trading volume will receive $15 worth of PEPE each. The top-ranked user will win UFC 306 tickets!
- New User Bonus: Top 10,000 new users with the highest PEPE trading volume will receive $10 worth of PEPE each.
How to Participate:
1. Sign up or sign in to the Crypto.com App.
2. Go to the campaign section and join the PEPE App Campaign.
3. Meet the eligibility requirements and participate in the activities.
Important Notes:
- Participation is strictly optional.
- Crypto.com reserves the right to cancel or amend the campaign rules at any time.
- Rewards will be credited to the recipients' Crypto.com App accounts within 90 days after the campaign ends ¹ ².

Inside Trump and Putin's most unlikely encounter:
The Alaska Gambit The political world was jolted awake on Sunday afternoon as the majority of Americans scrolled aimlessly through weekend news. Once more, Donald Trump$BTC $BNB , the president of the United States, made the announcement that on August 15, he would meet Vladimir Putin in Alaska. Alaska, yes Two of the most contentious leaders of our time will reside in the state that was once owned by Russia and was sold to the United States in 1867 for $7.2 million. Additionally, they are not meeting for sightseeing or fishing. They’re meeting to decide the future of Ukraine.
The Meeting No One Foresaw: The statement that Trump made fell like a political thunderclap: "In Alaska, I will meet President Putin. We are going to set a new standard." Across the globe, cameras and coffee cups dropped. White House insiders claim that this meeting had been planned for weeks in complete secrecy—so much so that even some NATO diplomats only learned about it after the public announcement. The subject? Ending the war in Ukraine. But here's the twist: insiders say that Trump is willing to talk about "territorial adjustments" to make peace, which for Ukrainians sounds like giving up their homeland. Zelensky's Rage: The shock continued after that. Surprised by the news, Ukrainian President Volodymyr Zelensky responded within hours: “No matter who is at the table, Ukrainians will not give their land to the occupier.” In addition to the possibility of losing land, he was enraged at being left out of discussions regarding his own nation. Rumors began swirling in Kyiv: Was Ukraine being cut out of its own peace process?
Europe issues a warning: Paris. Berlin. London. The reaction was swift and cold. A joint warning was issued by European leaders, who were already concerned about Trump's "America first" approach: any peace deal without Ukraine's consent would be illegal and dangerous. Behind closed doors, some European officials used even sharper words—calling the Alaska summit a “diplomatic trap” that could hand Putin everything he wants without firing another shot.
Moscow’s Celebration:
In Russia, the mood was far different. Coverage on state television spotlighted Putin's achievement of securing a meeting "on U.S. soil without compromising Russia's position." It was openly speculated by commentators that Putin might win Alaska with a significant geopolitical victory without returning a single inch of seized Ukrainian territory. Even the headline "From the Bering Strait, With Love" appeared in a Russian newspaper. What occurs next? In the US's northernmost state, two men will enter a room on August 15. One person thinks he can make deals and end a war in a day. The other has shown that he can forcefully change borders. Some people are hopeful that this meeting will stop the violence. Others worry that it could signal the beginning of a new, perilous order in the world. In addition, on that day, soldiers in Ukraine will still be fighting on the front lines. From half a world away, they will be watching the headlines and wondering what will happen to their land, homes, and future... without them. #USFedBTCReserv e #Alaska #DonaldTrump #PutinTrump

P2P Scams Alert for Pakistani Users: Protecting Your Financial Security
The image serves as a warning to Pakistani users about the growing threat of Peer-to-Peer (P2P) scams. P2P scams involve fraudulent activities where individuals are deceived into transferring money or divulging sensitive financial information to scammers. These scams can occur through various platforms, including social media, messaging apps, and online marketplaces.$XRP $BNB
Understanding P2P Scams
P2P scams often involve scammers posing as legitimate buyers or sellers, convincing victims to send money or share financial details. These scams can be highly sophisticated, making it difficult for users to distinguish between genuine transactions and fraudulent activities.
Key Risks Associated with P2P Scams
- Financial Loss: Victims of P2P scams can suffer significant financial losses, as scammers often demand payment through irreversible methods.
- Identity Theft: Scammers may obtain sensitive personal and financial information, which can be used for identity theft and further fraudulent activities.
- Account Compromise: P2P scams can lead to the compromise of online accounts, including banking and social media profiles.
Protective Measures Against P2P Scams
To safeguard against P2P scams, Pakistani users should adopt the following precautions:
1. Verify Transactions: Always verify the authenticity of transactions and the identities of parties involved.
2. Use Secure Platforms: Conduct P2P$BNB transactions through reputable and secure platforms that offer protection against scams.
3. Be Cautious of Unsolicited Offers: Be wary of unsolicited offers or requests for financial information.
4. Monitor Accounts: Regularly monitor bank and online accounts for suspicious activity.
5. Report Suspicious Activity: Report any suspicious activity to the relevant authorities and the platform where the scam occurred.
Conclusion
The image highlights the importance of vigilance in the face of P2P scams targeting Pakistani users. By understanding the risks and taking proactive measures to protect financial security, individuals can significantly reduce their likelihood of falling victim to these scams. It is crucial for users to remain informed and cautious when engaging in P2P transactions.