Nigerian Government Shuts Down Binance?
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In recent time, the news making the rounds on the net "Nigerian Government Vs Binance"
The Government of Nigerian people have pushed forward claims that the reason for the rapid free fall of it's Naira currency is as a result of crypto activities in the country..

whereas, some citizens do not agree to these claims, fact remains that, Corruption has eaten so deep into the Nigerian system of Government.

A country where Most Politicians are more concerned for their personal aggrandizement, thereby neglecting the needs of the people they are ruling over.
causing hardship and inflation to the tune of almost 100% just within a short period of time.

Being resilient people by nature, they all thrive for survival by any means possible.
rather than stealing or joining the cyber crime space, Most Nigerians cease the crypto opportunities just to make ends meet.

Now the same Political Class who has failed their citizens in all ramifications, are the ones who 'Hoard' hard currencies in their homes, thereby creating artificial scarcity of the FX. Now they push blames to a third party such as Binance for the Naira depression.

Can they really stop Nigerians from trading crypto? I think the answer is clear enough to the blind.
we all know that crypto is Decentralized and the Government is fighting so very hard to discourage people and deprive them of their freedom.
Governments finds pleasure to retain powers within so as to control the mind and activities of the poor. so they will keep trying to push measures that will keep their citizens Poor so they can control them.
Crypto has come to stay, and with the approval of the ETF, it's a clear indicator that the people will always win, no matter how long it takes, the truth would prevail.

Fellow Nigerians, do not be afraid, Binance has promised to keep your account safe and secured, so there is no course to be worried.

The Bull run is around the corner, make Good financial decisions and you could be the next Millionaire. wishing you all he very best.

Thanks
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Hello everyone! I am back to tell you one secrete most crypto enthusiast would probably hide from you.

Ever noticed that most over pumped coins will always reverse at least more than half the movement?

following the law of gravity, "what goes up must come down"

have you ever thought of selling your over pumped coins, and buying them back just in few days later, once it joins the "Losers" List, thereby increasing the size of your portfolio.
I have used this single strategy to Triple my Capital just withing few months.
I give you tested and trusted ideas, this works perfectly if you really understand it.

but if you don't , feel very free to ask me for more explanations.

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The Bulls Are Back...
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ALL YOU NEED TO KNOW?

A bull market is a period of time in financial markets when the price of an asset or security rises continuously.

The commonly accepted definition of a bull market is when stock prices rise by 20%.

Traders employ a variety of strategies, such as increased buy and hold and retracement, to profit off bull markets.

The opposite of a bull market is a bear market, when prices trend downward.

Because prices of securities rise and fall essentially continuously during trading, the term "bull market" is typically reserved for extended periods in which a large portion of security prices are rising. Bull markets tend to last for months or even years.
It all depends on the market Psychology and sentiments, Just like the Halving happens in the spaces of Quadrennial (4 years interval)
people already know the peak of the push, so they tend to flood the market space and then retreat after few months, that simply means one has to tread with caution, knowing when to hop in and out..the market can be volatile so invest only money you can afford lose.

Most times when we invest, you notice a sharp retracement thereby giving you instant Losses, no need to panic provided you made adequate research about the project you invested into. it is normal, there is no perfect entrance time, don't be in a rush to buy in, give some buffer space, else you would feel bad when you discover that the coin retraced , just make sure the asset is far it's all time high, else you might be trapped for a very long time.

During Bull Run, a lot of liquidation happens too, especially in futures, do not forget your Stop Loss Buttons, guide your capital diligently. the bull market can make or Mar your investment, so be careful.

follow for more informations about the market and sentiments
Always Do Your Own Research(DYOR)

Changpeng "CZ" Zhao, founder and CEO crypto exchange Binance, agreed to step down and plead guilty as part of a $4.3 billion settlement agreement involving U.S. criminal and civil charges against him and his company.
The settled complaint alleges that CZ and Binance prioritized "growth over compliance," facilitating billions of dollars of crypto transactions on behalf of customers without appropriate Know-Your-Customer (KYC) procedures.

What they're saying: "Binance turned a blind eye to its legal obligations in the pursuit of profit," Treasury Secretary Janet Yellen said Tuesday in a joint press conference with the DOJ announcing the settlement.

Details: CZ agreed to pay $50 million in fines that will be credited to the CFTC, related to the resolution of that suit.

He is also prohibited from operating or managing the business for 3 years.

Binance will also plead guilty to a criminal charge related to knowingly violating the Bank Secrecy Act, and will pay more than $4.3 billion as part of the settlement agreement — including the largest penalty in U.S. Treasury history.

The other side: "These resolutions acknowledge our company's responsibility for historical, criminal compliance violations, and allow our company to turn the page on a challenging yet transformative chapter of learning and growth," Binance said in a statement.
p"We are confident that Binance will emerge as a stronger company as we lay the foundation for the next 50 years."

Of note: The company named Richard Teng, its now-former Global Head of Regional Markets, as its new CEO, effective immediately.
Details: The deal puts an end to a years-long investigation into Binance, which in recent months has laid off employees and seen a rash of executive departures.

Between the lines: Binance will pay a $3.4 billion civil monetary penalty to FinCEN, the financial crimes bureau within the Treasury department. That agreement comes with a 5-year monitorship and various agreements to bone up compliance and ensure the company's complete exit from the U.S.
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Too Much Talk about Bitcoin ETF?
What is a Bitcoin ETF?

How does a Bitcoin ETF work?
Crypto Equities ETF

Bitcoin ETFs: What are they and how do they work?



The First time read this info was through Benjamin Smith



ETF Essentials

21 June 2023

A Bitcoin ETF combines two prevalent forms of investment, ETFs and cryptocurrencies, into one package. A Bitcoin ETF aims to track the Bitcoin price, exposing investors to the digital asset without themselves directly holding the physical asset.

What is a Bitcoin ETF?

When investors refer to a ‘Bitcoin ETF,’ they are usually referring to a ‘spot Bitcoin ETF’.

A Bitcoin exchange-traded fund is an investment vehicle that seeks to track the price of Bitcoin. Bitcoin ETFs are traded on traditional regulated securities exchanges and are not available on cryptocurrency exchanges.

Eg: Any Bitcoin ETF offered in Australia is regulated by the Australian Securities and Investment Commission (ASIC). Investors can gain exposure to the digital asset without the hassle of having to sign up to a cryptocurrency exchange and creating a crypto wallet.

How does a Bitcoin ETF work?

Investors can gain access to Bitcoin directly or indirectly through two different methods: spot Bitcoin ETFs and Bitcoin futures ETFs. Here is how each product works.

1. Spot Bitcoin ETFs

2. Bitcoin futures ETFs

Bitcoin ETF approvals in the U.S. and Australia

Approvals in the U.S.

In 2017, the Securities and Exchange Commission (SEC) turned down[2] the first petition to launch a Bitcoin spot ETF. Later attempts with a futures-based fund had more success. The ProShares Bitcoin Strategy ETF, known as BITO, began trading[3] in October 2021.

BITO aims to track the price of Bitcoin futures contracts traded at the Chicago Mercantile Exchange (CME).

In June of 2023, BlackRock’s iShares field paperwork for Spot Bitcoin ETF[5]. To date, the SEC has not approved a Bitcoin spot ETF. However, there is 95% hope.

 

D.Y.O.R (Do Your Own Research)
If you are are new in the crypto Space. Take your time to Understand how the Crypto market functions, do not be carried away by the sugar coated words you hear everyday,
thus; the reason why people always say: DYOR, when you do a little research, you would be amazed with the piece of information within your custody.

People will always be willing to tell you how much they make just in a matter hours, but will relent in telling you the bitter Truth of loses they incurred in the process. the Crypto market obey those who play by the rules, filled with Ups and Down, there is no short cut to success, you really have to invest before you reap, you are not just investing money but also your time.

You need to be intentional, have a strategy.
whether you want to focus on Futures or Spots, that is solely your decision to make, but I always advice people who are new to stay away from Futures, until you have studied the Pros and Cons, Understanding how the Futures/Spots works is very key before taking the bold step. Don't Rush, the Crypto Market has come to stay, it would stand the taste of time. so take your time.

Don't be in a haste to jump🦘 in until you have gotten the necessary informations required to start Trading.
once you open your first position, you may find it difficult to stay away from your trading device. this is because your emotions would become very sensitive, it is normal to feel scared, interestingly, if you did your due diligence it would pay off sooner than later.

I would tell you about some Coins that would potentially go 50x to 100x in the coming months.
comment on the Box if you are interested.
Don't forget to give me a 👍 if the information makes sense to you.
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#BullRun #D.Y O.R

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