The U.S. has recommended that Changpeng Zhao, the former CEO of Binance, serve a 36-month prison sentence and pay a $50 million fine.
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Department of Justice; on April 30, he is expected to be sentenced. Prosecutors are advocating for a more severe punishment for Zhao, who acknowledged breaking anti-money laundering regulations in November. They point to Zhao's inability to put in place a strong AML programme at Binance.
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Allegedly, the exchange's actions encouraged unlawful activity, such as hiding the source of funds and disobeying US sanctions. Binance consented to a $4.3 billion settlement in February. Even though Zhao resigned as CEO, he still holds the majority of the company's shares and is still involved in the cryptocurrency space; most recently, he started a kids' educational programme.
😱🔥The Halving has officially happened: What happens now? All eyes are on Bitcoin
Halving has taken place in #Bitcoin and block rewards have decreased from 6.25 #BTC to 3.125 BTC, the expected halving in Bitcoin has officially taken place. The block rewards given to miners dropped by half at the 840,000th block at 00.09 UTC time. According to this, miners will earn 3,125 BTC from block rewards instead of 6.25 BTC until the next halving in 2028. Thus, the amount of Bitcoins produced per day was also limited to 450 BTC, while it was 900 BTC.
Everyone was waiting for today in the crypto money market. after the previous halving in 2020, investors had started to wait for 2024. the 4-year wait ended as of today and the halving was completed without any disruption.
How will Halving affect Bitcoin?
Halving is a mechanism that allows Bitcoin to have predictable inflation. Thanks to halving, which takes place every four years, the speed of launching new Bitcoins is gradually slowing down. This rule, laid down by the creator of Bitcoin, Satoshi Nakamoto, makes Bitcoin a deflationary asset.
Since the amount of Bitcoin produced per day will decrease from 900 BTC to 450 BTC, the selling pressure created by miners will decrease in the short term. In the medium and long term, there will be half as many Bitcoins released as before. It is thought that this situation will also have a positive impact on the price.
In retrospect, the rises seen after halving stand out. Bitcoin had increased by 9 thousand percent in the 12 months after the first halving in 2012. in 2016, this was 375 percent, while in 2020 it was 600 percent. The Deceleration experienced by Bitcoin after halving has enabled a link to be established between halving and price increases.
Investors are eagerly waiting to see how the price of Bitcoin will fare after the last halving we left behind.
👇👇👇 $BTC TC HALVING MIGHT BE HAPPENED TONIGHT OR EARLY TOMORROW!! 154 blocks more $BTC will get enough 840.000 blocks and halving will be happening! It’s a very very big event for all $BTC holders and traders all over the world. WHAT DO YOU DO DURING THIS TIME? -> Limited your trade because we dont know what gonna be happened -> Manage your capital - with appropriate volum because the wave would be very strong, it might be x2 x3 current price up and down -> Better to stand out and move all your$$ to spot wallet for sure -> Control your emotion and use stop loss, market still there, $$ still a lot there, we dont earn today, then earn tomorrow! Hopefully everyone got win win win!! Happy trading #bitcoinhalving #Memecoins #BTC🔥🔥🔥🔥🔥🔥 follow me 👈👈👈👈
🚨Last Call: Binance $OMNI Launchpool 1 Day Left to End!
🤔The question everyone is wondering is how many dollars is #OMNI ?
👉Total supply is 100 million units.
👉The initial circulation supply will be 10 million 391 thousand 492 units.
💸If the market cap is $300 million, it will be $28.
💸If the market cap is $400 million, it will be $38.
💸If the market cap is $500 million, it will be $48.
ℹ️ You can also make price analysis using (marketcap / quantity in circulation).
✍️We see an average mcap of $350 million in coins released with #BinanceLaunchpool. $OMNI OTC price is $42, meaning $436 million mcap. It is a very normal price, so I expect it to open at this average price.
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$BTC will drop to $40,000 - $50,000 at halving date.
All non-professional and new traders will be liquidated.
After panic selling, whales will begin with their massive buying to super pump prices.
Spread funds among some trusted coins and do the following activities ▪Buy short trading(Scalping) ▪Follow drops ▪Buy at dip (check previous detail post for dip)
The point is to make a fortune with a small investment.
Predict the price of BTC at 20th April 00:00 (UTC+0) to win up to $10000 of SATS token rewards!
To mark this milestone of Bitcoin Halving, all verified users can complete specific tasks on Binance Square during the Activity Period, and qualify for up to $10,000 of SATS token voucher reward. Activity Period: 2024-03-04 09:00 (UTC) to 2024-04-14 09:00 (UTC)All KYC-verified Binance users who log into their Binance accounts and complete the following tasks during the Activity Period will qualify for the $10,000 of SATS reward. Tasks: Comment your prediction for the price of BTC on 20th April 00:00 (UTC+0) on this post. Share this post on your social media and #HalvingHorizonsThe user with the closest prediction will win $5000. If more than one user shares the same prediction, you’ll share the price pool. AndIf you correctly guessed the price and signed up for a Binance account during the activity period through the shared link of this post or the Binance Square referral link, you can unlock a share of extra $2000 price poolAndIf you correctly guessed the price and completed at least 10 trades during the activity period, you will unlock a share of the extra $3000 price poolEach user can only submit 1 entry. Terms & ConditionsThis activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify.The $10,000 of SATS token voucher rewards pool will be divided equally among all qualified users.Winners will be notified via a push notification under Creator Center > Square Assistant. Voucher rewards will be distributed within 21 working days after the activity ends. Users may check their voucher rewards via Profile > Rewards Hub. The validity period for the voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Share Binance Square Links & Complete Tasks to Unlock Over $35,000 Worth of Rewards!
Binance Square is pleased to introduce a new “Share to Win” activity, where all verified Binance users can share Square content to unlock over $35,000 worth of rewards.
Activity Period: 2024-04-08 09:00 (UTC) to 2024-04-15 09:00 (UTC)
Activity 1: Share Binance Square Links With Your Referrals to Get Up to 5 USDT in Crypto Red Packet To participate in this Activity, verified Binance users may login to their Binance accounts and share any Binance Square link(s) with their friends during the Activity Period. Verified new referrals who sign up with Binance after opening the user’s Binance Square link(s), as well as verified existing referrals who are logged in to their Binance accounts, will unlock Crypto Red Packet(s) worth up to 0.5 USDT each for both themselves and their corresponding referrer upon clicking on the shared Binance Square link(s).
Please note that each referrer may claim a maximum of one Crypto Red Packet reward per referral via the Binance App during the Activity Period, and up to ten Crypto Red Packets (i.e., a maximum of 5 USDT in Crypto Red Packet) from this Activity.
Tip: Users may unlock Crypto Red Packets containing greater rewards by ensuring that their friends sign up with Binance after opening the Binance Square link(s) sent and complete account verification.
Activity 2: New Users Only - Sign Up With Binance & Complete Tasks to Earn Up to 5.5 USDT in Rewards In addition, new users who sign up with Binance via the activity page may click on the [Go] button on the page and complete any of the following task(s) during the Activity Period, to get up to 5.5 USDT in rewards. Rewards are limited, and will be distributed on a first-come, first-served basis.
1. Click into any ten unique Binance Square links while being logged in to your Binance accounts. 2. Complete a trade of at least $100 equivalent on Spot, Futures, Margin, Options or Convert. Terms & Conditions This activity may not be available in your region. The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available.Users may qualify for rewards from both Activities where applicable. The rewards for both Activities are not mutually exclusive.There will be caps imposed on the amount of rewards available to eligible users per country/region.Users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify for any rewards from Activity 1 and/or Activity 2.Activity 1:Users may only receive a maximum of one Crypto Red Packet reward from each unique referral. Please note that users may redeem multiple Crypto Red Packet rewards from different unique referrals within the same day.Crypto Red Packets will be distributed to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends. Activity 2:Only new users who register with Binance via this activity page will be eligible to participate in Activity 2. Rewards for Task 1 will be distributed in the form of Crypto Red Packets to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends. Rewards for Task 2 will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Token vouchers will expire by 2024-05-15 09:00 (UTC). Learn how to redeem a voucher.Illegally bulk-registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
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