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Reaching 200 Million Users Worldwide, Binance Aims for 1 Billion The announcement of 200 million users worldwide was a major milestone for Binance. Aiming for 1 billion users, the exchange is actively seeking additional partnerships, according to the CEO. Binance just made the news public that it had hit a significant user milestone: 200 million. A fresh post on X was made by Binance to express its appreciation to all of its fans. The company said that its supporters are the driving force behind its goal of reaching 1 billion users. It is because of YOU that we are able to celebrate 200 million today! We couldn't get to 1 billion users without your help. Expressing appreciation for the community's support, Binance's CEO Richard Teng, CEO of the exchange, also sent a fresh post via his X account expressing his appreciation to all supporters. According to him, the exchange's community was instrumental in helping them accomplish this significant milestone. Getting to 1 billion users is an ongoing process, he said, and he urged supporters to keep working together. Binance is dedicated to putting the demands of its expanding user base first since it is a platform that revolves around its users. Assisting in the global deployment of Web3 Despite the rapid acceptance of Web3 throughout the globe, which Binance has been actively promoting, the exchange maintains its position as a frontrunner in the cryptocurrency business. The groundbreaking Binance Megadrop platform, designed specifically for Web3 applications, was just released by Binance. The Binance Megadrop improves user engagement in the Web3 ecosystem by bringing a blend of education and incentives. Other recent developments include the announcement of the exchange's 55th Launchpool project, the decentralized AI computing and cloud platform IO.NET (IO). #Binance200M #BnbAth #BTC $BNB {spot}(BNBUSDT)

Reaching 200 Million Users Worldwide, Binance Aims for 1 Billion



The announcement of 200 million users worldwide was a major milestone for Binance.


Aiming for 1 billion users, the exchange is actively seeking additional partnerships, according to the CEO.


Binance just made the news public that it had hit a significant user milestone: 200 million.


A fresh post on X was made by Binance to express its appreciation to all of its fans. The company said that its supporters are the driving force behind its goal of reaching 1 billion users.


It is because of YOU that we are able to celebrate 200 million today!


We couldn't get to 1 billion users without your help.


Expressing appreciation for the community's support, Binance's CEO
Richard Teng, CEO of the exchange, also sent a fresh post via his X account expressing his appreciation to all supporters.


According to him, the exchange's community was instrumental in helping them accomplish this significant milestone. Getting to 1 billion users is an ongoing process, he said, and he urged supporters to keep working together.


Binance is dedicated to putting the demands of its expanding user base first since it is a platform that revolves around its users.


Assisting in the global deployment of Web3


Despite the rapid acceptance of Web3 throughout the globe, which Binance has been actively promoting, the exchange maintains its position as a frontrunner in the cryptocurrency business.


The groundbreaking Binance Megadrop platform, designed specifically for Web3 applications, was just released by Binance. The Binance Megadrop improves user engagement in the Web3 ecosystem by bringing a blend of education and incentives.


Other recent developments include the announcement of the exchange's 55th Launchpool project, the decentralized AI computing and cloud platform IO.NET (IO).

#Binance200M #BnbAth #BTC $BNB

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Binance CEO Discusses Compliance Evolution and Crypto's Future Compliance is key to raising bitcoin, according to Binance CEO Richard Teng. He said that growth is a team endeavor and we only climb by boosting others. Binance CEO Richard Teng has a crucial crypto industry message. The exchange posted his blog article via X, writing “we rise by lifting others.” Teng started by emphasizing that the crypto sector is maturing and regulatory compliance is vital to user experience and safety, corporate success, and responsible expansion. He said Binance marked the start of a new era by taking responsibility for all previous concerns in 2023, a first in blockchain. He noted the exchange's harsh lessons that helped them guide the business. Teng said that establishing compliance guidelines for the dynamic crypto and blockchain business is only one step. The other is other players' willingness to meet these requirements. “A rising tide lifts all boats” In recent years, Binance has extensively invested in compliance and security systems and staff. Binance aims to be the industry leader in these areas and an example for others. Binance is proud of its compliance, security, and transparency culture, says Teng. Improved efforts include: On-chain and off-chain monitoring Enhancing KYC standards augmenting the in-house staff and technology with top third-party suppliers improving market surveillance establishing the industry's top financial crime compliance section to aid worldwide crypto-related law enforcement. sharing financial crime-fighting techniques with authorities Teng believes compliance is a team effort and that the sector can only advance when everyone embraces compliance and maturity. Teng said a rising tide lifts all boats, and Binance urges other key digital asset companies to work together to develop confidence, adopt responsible practices, and improve transparency and compliance. He used the metaphor of the rising tide to emphasize that when good change hits a sector, everyone benefits. @Richard Teng #Binance
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As Ripple backers accuse the SEC of allowing Ethereum a free ride XRP is stuck below $0.50 Following Ethereum's free pass, XRP is again below $0.50. XRP falls below $0.50 on Wednesday as Ripple (XRP) supporters including attorney Bill Morgan criticize the SEC for giving Ethereum a “second free pass” for Ethereum. On Wednesday, Ethereum creator Consensys stated via its official X account that the SEC is ending its inquiry of the second-largest cryptocurrency. Developer wrote to regulator to inquire about investigation progress and got a response. Since 2020, the US banking authority has sued Ripple for selling unregistered securities using the XRP coin. SEC asks court for $2 billion in Ripple fines. Ripple compared the fine to the SEC's action against Terraform Labs and its founders to lessen it. The regulator rejected this proposal, although it allowed a more modest $102 million penalty. For years, XRP holders have criticized the SEC for classification of Ripple as “unequal” to its counterparts. Community members have criticized the FTC for suing Ripple while giving Ethereum a “free pass.” History repeated when the SEC halted its Ether probe. While Ethereum holders celebrate the investigation's conclusion, Ripple proponent attorney Bill Morgan has criticized the SEC for treating Ethereum and Ripple differently for the second time in six years. Ethereum gets its second SEC waiver roughly six years after Hinman's remarks. Technical analysis: XRP falls below $0.50 again. Ripple has fallen since mid-March. The cryptocurrency closed over $0.50 for the first time in 10 days on Monday, but it fell below this level after the SEC dropped its Ethereum probe. If selling pressure continues, XRP may fall 5% to $0.4665, Ripple's crucial support level. XRP might overturn the bearish thesis with a daily candlestick close above $0.5330, the barrier and June 5 high. If this happens, the token might reach the Fair Value Gap between $0.5491 and $0.6029. #XRP #ETH $ETH $XRP
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💰💰💰Increasing Numbers of Cryptocurrencies More over one million new crypto tokens have entered circulation since April 2024, with the Solana network accounting for the vast majority of these tokens. A significant portion, about 50%, are memecoins. Deutscher claims that the inflated token count is a result of the ease of deploying these tokens on-chain, which in turn draws attention to the more fundamental problem of market saturation and dilution. The quantity of crypto tokens we have currently is 5.7% more than we had at the top bull in 2021, according to Deutscher. Despite Bitcoin's record-breaking performance, this is a key reason why the cryptocurrency market has been underperforming this year. "The more tokens that launch, the more cumulative supply pressure on the market," he says, drawing a parallel between inflation and the mass production of new tokens. Noting that the crypto industry's greatest quarter for VC financing peaked at $12 billion in Q1 2022, just when the market started to turn negative, the analyst also provides insight into the characteristics of VC investments in the field. While venture capitalists' funding is crucial for project development, Deutscher argues that their timing and tactics can cause market imbalances. Similar to individual investors, venture capitalists seize opportunities when they arise. Deutscher says that investors' focus on short-term gains at the expense of long-term project growth causes market cyclical peaks and valleys. He elaborates on the ripple effects on the market, explaining how projects would postpone debuts when circumstances are unfavourable, then flood the market when mood changes, further diluting the original investment. Investor confidence, particularly among retail investors, is impacted by the continual introduction of new tokens, which strains market liquidity. with contrast to other markets, like as stocks and real estate, Deutscher argues that "the skew towards private markets is one of the biggest and most damaging issues in crypto." #BTC #altcoins $BTC
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