BinanceSquareUpdates
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$XRP Hasn’t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does
XRP Price Analysis: Potential for a Bull Rally in 2024
- XRP has been a concern for investors, seemingly stagnant since its last significant rally during the 2017-2018 bull market. Despite another massive #BullMarket since then, XRP hasn't followed the broader market trend. Expectations for the altcoin have significantly dropped, but one analyst believes XRP could soon enter the spotlight with impressive price targets.
Why XRP Could Be Preparing for a Bull Rally
- Crypto analyst CryptoManiac101 shared an optimistic view of XRP's future on TradingView. The analyst highlighted several indicators suggesting that XRP might be gearing up for a significant move. Key points include the convergence of three different moving averages in 2024, forming a symmetrical triangle pattern around the $0.51 level, indicating consolidation and potential accumulation, which bodes well for price increases.
- The analyst also reviewed XRP's performance over the past 11 years, noting significant price spikes in 2017 and 2018. This historical performance, when compared to current patterns, suggests a possible repeat in 2024 and 2025, as the cycles show consistency in movement.
Potential Price Targets
- The analyst suggests that historical patterns, which have been bullish for XRP, usually lead to a rally after 75% completion of the pattern. Currently, these patterns have reached 88.93% completion, indicating a breakout is overdue.
- In the event of a rally, the analyst predicts an increase of at least 800%, pushing the price above $4. This prediction is based on a potential breakout from the symmetrical triangle formed by the converging moving averages. The analyst expects the rally to start at around $4.5.
- This analysis implies that XRP could be on the verge of a significant price surge, driven by historical patterns and current market indicators.
Source - newsbtc.com
#CryptoTrends2024 #cryptocurrency #BinanceSquareUpdates #CryptoNews🔒📰🚫
XRP Price Analysis: Potential for a Bull Rally in 2024
- XRP has been a concern for investors, seemingly stagnant since its last significant rally during the 2017-2018 bull market. Despite another massive #BullMarket since then, XRP hasn't followed the broader market trend. Expectations for the altcoin have significantly dropped, but one analyst believes XRP could soon enter the spotlight with impressive price targets.
Why XRP Could Be Preparing for a Bull Rally
- Crypto analyst CryptoManiac101 shared an optimistic view of XRP's future on TradingView. The analyst highlighted several indicators suggesting that XRP might be gearing up for a significant move. Key points include the convergence of three different moving averages in 2024, forming a symmetrical triangle pattern around the $0.51 level, indicating consolidation and potential accumulation, which bodes well for price increases.
- The analyst also reviewed XRP's performance over the past 11 years, noting significant price spikes in 2017 and 2018. This historical performance, when compared to current patterns, suggests a possible repeat in 2024 and 2025, as the cycles show consistency in movement.
Potential Price Targets
- The analyst suggests that historical patterns, which have been bullish for XRP, usually lead to a rally after 75% completion of the pattern. Currently, these patterns have reached 88.93% completion, indicating a breakout is overdue.
- In the event of a rally, the analyst predicts an increase of at least 800%, pushing the price above $4. This prediction is based on a potential breakout from the symmetrical triangle formed by the converging moving averages. The analyst expects the rally to start at around $4.5.
- This analysis implies that XRP could be on the verge of a significant price surge, driven by historical patterns and current market indicators.
Source - newsbtc.com
#CryptoTrends2024 #cryptocurrency #BinanceSquareUpdates #CryptoNews🔒📰🚫
🌐 ALT, the revolutionary token, is set to debut on Binance on January 25! 📈 Stake BNB and FDUSD now in specific pools through Binance Launchpool to earn ALT tokens until January 24. 🔐 ALT enhances security, decentralization, and interoperability in rollup technology.
🌟 Key Tokenomics:
- Total Supply: 10 billion ALT tokens
- Farming Period: January 19-24, 2024
- Rewards: 5% (500 million ALT tokens)
- KYC required for staking
- Stake Limits: 277,777.77 ALT per hour (BNB pool) and 69,444.44 ALT per hour (FDUSD pool)
💰 Trade ALT for BTC, USDT, BNB, FDUSD, and TRY on Binance post-farming. Actively participate and potentially gain from the AltLayer project!
📅 Mark your calendars, claim your rewards, and don't miss this chance to be part of the AltLayer revolution! 🚀💎
#TradeSignal #ALT #Staking #Binance2024 #BinanceSquareUpdates
🌟 Key Tokenomics:
- Total Supply: 10 billion ALT tokens
- Farming Period: January 19-24, 2024
- Rewards: 5% (500 million ALT tokens)
- KYC required for staking
- Stake Limits: 277,777.77 ALT per hour (BNB pool) and 69,444.44 ALT per hour (FDUSD pool)
💰 Trade ALT for BTC, USDT, BNB, FDUSD, and TRY on Binance post-farming. Actively participate and potentially gain from the AltLayer project!
📅 Mark your calendars, claim your rewards, and don't miss this chance to be part of the AltLayer revolution! 🚀💎
#TradeSignal #ALT #Staking #Binance2024 #BinanceSquareUpdates
Investors dumping and selling their assets in lieu of current fiasco between DOJ and Binance US. Interesting, for the long-term and financially literate people who are still holding their funds, because it is somehow going in the favor of Binance as whole. Binance will pull investors to stabilize their framework. Save this post and see it for yourself later.
#opbnb #USDCInnovation #BinanceSquareAnalysis #BinanceSquareUpdates #BTC #ETH
#opbnb #USDCInnovation #BinanceSquareAnalysis #BinanceSquareUpdates #BTC #ETH
Trading mind set 💹
#BinanceTournament #BTC #BinanceSquareAnalysis #binannce #BinanceSquareUpdates $BNB $BTC $BCH
#BinanceTournament #BTC #BinanceSquareAnalysis #binannce #BinanceSquareUpdates $BNB $BTC $BCH
The Importance of Binance Square Terms and Conditions
The @Binance Square Official terms and conditions are a legal document that sets out the rules and regulations governing the use of the platform. It is important that all Binance Square users read and understand these terms before beginning to use the platform.
Binance Square's terms and conditions establish the following important points:
🔸User rights and responsibilities: The terms and conditions set out the rights and responsibilities of Binance Square users. For example, users are responsible for protecting the security of their accounts and passwords, and for complying with applicable laws and regulations.
🔸Available services and features: The terms and conditions list the services and features available on Binance Square. They also establish the terms and conditions for the use of these services and functions.
🔸Restrictions and prohibitions: The terms and conditions establish restrictions and prohibitions for the use of Binance Square. For example, users cannot post illegal or harmful content on the platform.
The information provided by @Binance and all Official @Binance News accounts for its users
In addition to the terms and conditions, Binance Square provides its users with additional information on how to use the platform safely and responsibly. This information includes:
🔸Tutorials and Guides: Binance Square offers a variety of tutorials and guides that help users learn how to use the platform.
🔸Help Center: The Binance Square Help Center provides answers to frequently asked questions about using the platform.
🔸News and Updates: Binance Square publishes news and updates about the cryptocurrency platform and market.
#BinanceSquareUpdates #BinanceSquare.
The @Binance Square Official terms and conditions are a legal document that sets out the rules and regulations governing the use of the platform. It is important that all Binance Square users read and understand these terms before beginning to use the platform.
Binance Square's terms and conditions establish the following important points:
🔸User rights and responsibilities: The terms and conditions set out the rights and responsibilities of Binance Square users. For example, users are responsible for protecting the security of their accounts and passwords, and for complying with applicable laws and regulations.
🔸Available services and features: The terms and conditions list the services and features available on Binance Square. They also establish the terms and conditions for the use of these services and functions.
🔸Restrictions and prohibitions: The terms and conditions establish restrictions and prohibitions for the use of Binance Square. For example, users cannot post illegal or harmful content on the platform.
The information provided by @Binance and all Official @Binance News accounts for its users
In addition to the terms and conditions, Binance Square provides its users with additional information on how to use the platform safely and responsibly. This information includes:
🔸Tutorials and Guides: Binance Square offers a variety of tutorials and guides that help users learn how to use the platform.
🔸Help Center: The Binance Square Help Center provides answers to frequently asked questions about using the platform.
🔸News and Updates: Binance Square publishes news and updates about the cryptocurrency platform and market.
#BinanceSquareUpdates #BinanceSquare.
LIVE
Binance Square Official
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Binance Square Feature Update – Jan 5, 2024
Hi Binancians,
We're excited to announce that Binance Square's newest updates are now live in app version 2.76. For a smoother and more efficient browsing experience, we recommend updating your app. Here is a breakdown of our latest features:
Block users to limit interactions and visibilityThe block feature on Binance Square enhances your control over both interactions and content visibility. It lets you restrict specific accounts from engaging with you and viewing your content. Once blocked:These accounts can't follow you, view your posts, search for your content, see your profile, or mention you.You won't encounter their posts or receive notifications from them.Blocking an account you follow will automatically unfollow them, and vice versa. To refollow an unblocked account, you must do so manually.While blocked accounts will not be notified of the action, they will see that they are blocked upon visiting your profile.Blocked accounts can be managed through the setting section. To block a user, navigate to the 3-dot menu beside their posts or replies and select 'Block.'Improved Content Sharing to External PlatformsWhen sharing a post to platforms like X (previously known as Twitter) or Telegram, the cover image of a long article or the first image of a short post is automatically displayed.When sharing Binance Square content via a poster, the full text of the post is shown, with the exception of articles with long-form content.Streamlined Notifications CenterOur updated notification center now includes 3 tabs:All: Displays all notifications with unread ones highlighted for quick identification.Replies/Mentions: Specifically for notifications about replies or mentionsSquare System: Archives all other interactions, reports, and system-related notifications.Tipping and Red Packet Features Now Supported In More RegionsWe have expanded the Tipping and Quiz Red Packet (previously known as Crypto Box) features to additional regions. Creators on Binance Square with over 1,000 followers in more regions can now leverage these features. Check out our guides on creating a Quiz Red Packet and using the Tips feature.*Please note that the Quiz Red Packet and Tips feature may not be available in your region.One-Click Switch to Long-Form Article on WebLooking to publish more detailed content on the website? Simply click the "article" icon in the editor!Tip: Write captivating titles to attract readers, and enrich your long-form content with relevant images.Anti-Scam Related OptimizationTo help ensure the safety of our community, users are allowed to change their Nickname, Avatar, or Bio only once a month to minimize the risk of potential scam activities.
Stay Updated with All Things Binance Square
Follow the official Binance Square account to keep up with the latest news, features, and updates, and ensure you never miss important information.
Your opinion matters to us! If there's a product or feature you want to see implemented on Binance Square, don't hesitate to let us know. Submit your ideas through our customer support, and together, we'll work towards making Binance Square even better. Thank you for being a part of our community!
We're excited to announce that Binance Square's newest updates are now live in app version 2.76. For a smoother and more efficient browsing experience, we recommend updating your app. Here is a breakdown of our latest features:
Block users to limit interactions and visibilityThe block feature on Binance Square enhances your control over both interactions and content visibility. It lets you restrict specific accounts from engaging with you and viewing your content. Once blocked:These accounts can't follow you, view your posts, search for your content, see your profile, or mention you.You won't encounter their posts or receive notifications from them.Blocking an account you follow will automatically unfollow them, and vice versa. To refollow an unblocked account, you must do so manually.While blocked accounts will not be notified of the action, they will see that they are blocked upon visiting your profile.Blocked accounts can be managed through the setting section. To block a user, navigate to the 3-dot menu beside their posts or replies and select 'Block.'Improved Content Sharing to External PlatformsWhen sharing a post to platforms like X (previously known as Twitter) or Telegram, the cover image of a long article or the first image of a short post is automatically displayed.When sharing Binance Square content via a poster, the full text of the post is shown, with the exception of articles with long-form content.Streamlined Notifications CenterOur updated notification center now includes 3 tabs:All: Displays all notifications with unread ones highlighted for quick identification.Replies/Mentions: Specifically for notifications about replies or mentionsSquare System: Archives all other interactions, reports, and system-related notifications.Tipping and Red Packet Features Now Supported In More RegionsWe have expanded the Tipping and Quiz Red Packet (previously known as Crypto Box) features to additional regions. Creators on Binance Square with over 1,000 followers in more regions can now leverage these features. Check out our guides on creating a Quiz Red Packet and using the Tips feature.*Please note that the Quiz Red Packet and Tips feature may not be available in your region.One-Click Switch to Long-Form Article on WebLooking to publish more detailed content on the website? Simply click the "article" icon in the editor!Tip: Write captivating titles to attract readers, and enrich your long-form content with relevant images.Anti-Scam Related OptimizationTo help ensure the safety of our community, users are allowed to change their Nickname, Avatar, or Bio only once a month to minimize the risk of potential scam activities.
Stay Updated with All Things Binance Square
Follow the official Binance Square account to keep up with the latest news, features, and updates, and ensure you never miss important information.
Your opinion matters to us! If there's a product or feature you want to see implemented on Binance Square, don't hesitate to let us know. Submit your ideas through our customer support, and together, we'll work towards making Binance Square even better. Thank you for being a part of our community!
Binance FC Porto to earn rewards!
LINK 🔗 👉
https://www.binance.info/en/fan-token/team-profile/porto/referral/3a7961f2922c4b8b89eddcdd15fd0aaa?ref=GW21DK25®isterChannel=portoref&utm_source=fan-token&utm_campaign=portoref-referral-invite
Celebrate Christmas with Binance Fan Token: Share $40,000 and Win Exclusive Fan Experience and Merchandise!
Fellow Binancians,
Binance Fan Token is introducing a limited-time referral promotion this Christmas, with a $40,000 prize pool and exclusive fan experience and merchandise for fans of the FC Porto, S.S. Lazio, Santos FC and BWT Alpine F1® Team!
Fans of each of the four teams will have the opportunity to share $10,000 in the corresponding team’s Fan Token vouchers.
Activity Period: From 2023-12-18 10:00 (UTC) until 2024-01-02 10:00 (UTC)
Activity 1: New Users to Each Receive $2
Starting from 2023-12-18 10:00 (UTC), new users who sign up for a Binance account via the FC Porto, S.S.Lazio, Santos FC or BWT Alpine F1® Team’s referral link/ID, or register with Binance via the unique team referral link/ID of a Binance user, can redeem a Fan Token voucher worth up to $2.
Rewards are limited and are distributed on a first-come, first-served basis. Users can redeem the rewards on the corresponding team page once they complete account verification.
Activity 2: Invite Friends to Binance to Get Up to $15
Users can claim up to $15 in Fan Token voucher for successful referrals on a first-come, first-served basis.
Rewards Structure:
Tier 1: $2 in Fan Token voucher for one successful referral;
Tier 2: $8 in Fan Token voucher for three successful referrals;
Tier 3: $15 in Fan Token voucher for five successful referrals.
If you use my Links you get 2$ Free
https://www.binance.info/en/fan-token/team-profile/porto/referral/3a7961f2922c4b8b89eddcdd15fd0aaa?ref=GW21DK25®isterChannel=portoref&utm_source=fan-token&utm_campaign=portoref-referral-invite
#BinanceTrends #BinanceSquareUpdates #FreeCrypto" #F1TOKEN #CZAndBinanceForLife $BNB $ETH $BTC
LINK 🔗 👉
https://www.binance.info/en/fan-token/team-profile/porto/referral/3a7961f2922c4b8b89eddcdd15fd0aaa?ref=GW21DK25®isterChannel=portoref&utm_source=fan-token&utm_campaign=portoref-referral-invite
Celebrate Christmas with Binance Fan Token: Share $40,000 and Win Exclusive Fan Experience and Merchandise!
Fellow Binancians,
Binance Fan Token is introducing a limited-time referral promotion this Christmas, with a $40,000 prize pool and exclusive fan experience and merchandise for fans of the FC Porto, S.S. Lazio, Santos FC and BWT Alpine F1® Team!
Fans of each of the four teams will have the opportunity to share $10,000 in the corresponding team’s Fan Token vouchers.
Activity Period: From 2023-12-18 10:00 (UTC) until 2024-01-02 10:00 (UTC)
Activity 1: New Users to Each Receive $2
Starting from 2023-12-18 10:00 (UTC), new users who sign up for a Binance account via the FC Porto, S.S.Lazio, Santos FC or BWT Alpine F1® Team’s referral link/ID, or register with Binance via the unique team referral link/ID of a Binance user, can redeem a Fan Token voucher worth up to $2.
Rewards are limited and are distributed on a first-come, first-served basis. Users can redeem the rewards on the corresponding team page once they complete account verification.
Activity 2: Invite Friends to Binance to Get Up to $15
Users can claim up to $15 in Fan Token voucher for successful referrals on a first-come, first-served basis.
Rewards Structure:
Tier 1: $2 in Fan Token voucher for one successful referral;
Tier 2: $8 in Fan Token voucher for three successful referrals;
Tier 3: $15 in Fan Token voucher for five successful referrals.
If you use my Links you get 2$ Free
https://www.binance.info/en/fan-token/team-profile/porto/referral/3a7961f2922c4b8b89eddcdd15fd0aaa?ref=GW21DK25®isterChannel=portoref&utm_source=fan-token&utm_campaign=portoref-referral-invite
#BinanceTrends #BinanceSquareUpdates #FreeCrypto" #F1TOKEN #CZAndBinanceForLife $BNB $ETH $BTC
What's next for Binance after DOJ settlement, departure of Changpeng Zhao
▪︎Binance has seen outflows amounting to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen.
▪︎Founder and CEO Changpeng Zhao and others were charged with violating the Bank Secrecy Act by failing to implement an effective anti-money-laundering program and for willfully violating U.S. economic sanctions.
▪︎Binance agreed to forfeit $2.5 billion to the government and pay a fine of $1.8 billion — a combined $4.3 billion — in "one of the largest penalties we have ever obtained," according to U.S. Attorney General Merrick Garland.
Binance agreed to pay $4.3 billion in fines to the U.S. government. The plea deals end a yearslong investigation into the crypto exchange.
Assets of more than $65 billion remain on the platform, according to Nansen, meaning that Binance is likely capitalized enough to withstand a sudden rush of investors away from the platform. And while withdrawals are on the up, there has not yet been a "mass exodus" of funds from the exchange.
Binance to continue
Binance will continue to operate but with new ground rules. The company is required to maintain and enhance its compliance program to ensure its business is in line with U.S. anti-money-laundering standards. The company is required to appoint an independent compliance monitor.
The case against Binance, which was unsealed Tuesday, shows that three criminal charges were brought against the exchange, including conducting an unlicensed money-transmitting business, violating the International Emergency Economic Powers Act, and conspiracy.
Some of its rivals may look to take advantage of the situation, particularly Coinbase, Kraken, and OKX.
#binance #DOJ #BinanceSquareAnalysis #BinanceSquareUpdates $BTC $ETH $XRP
▪︎Binance has seen outflows amounting to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen.
▪︎Founder and CEO Changpeng Zhao and others were charged with violating the Bank Secrecy Act by failing to implement an effective anti-money-laundering program and for willfully violating U.S. economic sanctions.
▪︎Binance agreed to forfeit $2.5 billion to the government and pay a fine of $1.8 billion — a combined $4.3 billion — in "one of the largest penalties we have ever obtained," according to U.S. Attorney General Merrick Garland.
Binance agreed to pay $4.3 billion in fines to the U.S. government. The plea deals end a yearslong investigation into the crypto exchange.
Assets of more than $65 billion remain on the platform, according to Nansen, meaning that Binance is likely capitalized enough to withstand a sudden rush of investors away from the platform. And while withdrawals are on the up, there has not yet been a "mass exodus" of funds from the exchange.
Binance to continue
Binance will continue to operate but with new ground rules. The company is required to maintain and enhance its compliance program to ensure its business is in line with U.S. anti-money-laundering standards. The company is required to appoint an independent compliance monitor.
The case against Binance, which was unsealed Tuesday, shows that three criminal charges were brought against the exchange, including conducting an unlicensed money-transmitting business, violating the International Emergency Economic Powers Act, and conspiracy.
Some of its rivals may look to take advantage of the situation, particularly Coinbase, Kraken, and OKX.
#binance #DOJ #BinanceSquareAnalysis #BinanceSquareUpdates $BTC $ETH $XRP
Bitcoin failed to break above the triangle and turned downward. The flag pattern is invalidated. If it finds support at these levels and turns upward again, it might form a flag, but it's too early to discuss that. For now, it's best to observe from the sidelines for a while.
#cryptocurreny #BTC #BinanceSquareTalks #BinanceCEO #BinanceSquareUpdates $BTC $ETH $ETH
#cryptocurreny #BTC #BinanceSquareTalks #BinanceCEO #BinanceSquareUpdates $BTC $ETH $ETH
$SEI (Update)
I have evaluated the current situation, and the price chart has shown an upward movement, experiencing an increase of over 10% from the level I shared. If Bitcoin allows, the chart may progress positively towards the target level. It's worth keeping an eye on this development.
@BreakOut_Expert #crypto #BinanceSquareTalks #BinanceSquareUpdates #cryptocurrency!!! #cryptocurency $BTC $ETH
I have evaluated the current situation, and the price chart has shown an upward movement, experiencing an increase of over 10% from the level I shared. If Bitcoin allows, the chart may progress positively towards the target level. It's worth keeping an eye on this development.
@BreakOut_Expert #crypto #BinanceSquareTalks #BinanceSquareUpdates #cryptocurrency!!! #cryptocurency $BTC $ETH
The Easiest Way to Learn Trading with Binance
Why do you need the Binance trading simulator?
The trading simulator, also known as a demo account, on this cryptocurrency exchange, serves as a risk-free virtual account aimed at educating users and helping them develop their trading skills. It offers beginners a safe environment to navigate through the platform’s features, experiment with different strategies, and refine their trading abilities.
Binance provides access to this simulator specifically for futures trading through the Binance Testnet. The emphasis on derivatives rather than spot trading stems from the heightened risks associated with futures trading. Furthermore, navigating through the Futures section on Binance can be complex, increasing the likelihood of beginners making inadvertent errors while initiating positions.
Given the similarities between futures and spot orders, utilizing the trading simulator for Futures enables Binance users to also grasp the fundamentals of the interface used across various trading modalities. Therefore, it is recommended for novices to commence their journey in cryptocurrency trading and get acquainted with the exchange starting with a demo account.
Advantages and Disadvantages of Using a Trading Simulator
Pros:
1. Learning and Practicing
2. Strategy Evaluation
3. Familiarization with the Platform
Cons:
1. Absence of Emotional Impact
2. Limited Authenticity
3. No Financial Motivation
#binancetrading #TradingWins #BinanceSquareAnalysis #BinanceSquareUpdates
$BTC $ETH $BNB
Why do you need the Binance trading simulator?
The trading simulator, also known as a demo account, on this cryptocurrency exchange, serves as a risk-free virtual account aimed at educating users and helping them develop their trading skills. It offers beginners a safe environment to navigate through the platform’s features, experiment with different strategies, and refine their trading abilities.
Binance provides access to this simulator specifically for futures trading through the Binance Testnet. The emphasis on derivatives rather than spot trading stems from the heightened risks associated with futures trading. Furthermore, navigating through the Futures section on Binance can be complex, increasing the likelihood of beginners making inadvertent errors while initiating positions.
Given the similarities between futures and spot orders, utilizing the trading simulator for Futures enables Binance users to also grasp the fundamentals of the interface used across various trading modalities. Therefore, it is recommended for novices to commence their journey in cryptocurrency trading and get acquainted with the exchange starting with a demo account.
Advantages and Disadvantages of Using a Trading Simulator
Pros:
1. Learning and Practicing
2. Strategy Evaluation
3. Familiarization with the Platform
Cons:
1. Absence of Emotional Impact
2. Limited Authenticity
3. No Financial Motivation
#binancetrading #TradingWins #BinanceSquareAnalysis #BinanceSquareUpdates
$BTC $ETH $BNB
Binance new CEO ,Who is Richard Teng ?
Richard Teng is long-time executive of Binance, Teng was promoted to global head of regional markets earlier this year. who will take over as CEO.
As per Zhao's tweet, prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
Teng, 53, succeeded Zhao as the chief executive of the world’s largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations. Zhao, Binance’s founder, stepped down as CEO as part of a sweeping deal to resolve the Department of Justice probe.
With alot of experience under his belt in crypto space and background working for financial regulators around the world, Teng’s appointment sends a strong message Outlines thier vision to Collaborate with Regulators.
Binance , the Crypto trading giants looks in safe hands , and will walk forward into brighter future.
#RichardTeng #DOJ #BinanceCEO #BinanceSquareUpdates
Richard Teng is long-time executive of Binance, Teng was promoted to global head of regional markets earlier this year. who will take over as CEO.
As per Zhao's tweet, prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
Teng, 53, succeeded Zhao as the chief executive of the world’s largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations. Zhao, Binance’s founder, stepped down as CEO as part of a sweeping deal to resolve the Department of Justice probe.
With alot of experience under his belt in crypto space and background working for financial regulators around the world, Teng’s appointment sends a strong message Outlines thier vision to Collaborate with Regulators.
Binance , the Crypto trading giants looks in safe hands , and will walk forward into brighter future.
#RichardTeng #DOJ #BinanceCEO #BinanceSquareUpdates
Binance Must 'Completely Exit' From US as It Settles Years-Long Criminal Investigation
The $4.3 billion settlement is one of the largest corporate penalties in U.S. history, says DOJ.
Binance will exit the U.S. market and pay $4.3 billion—one of the largest corporate penalties in U.S. history—to settle anti-money laundering and sanctions violations, the Department of Justice today said.
The exit and penalty are the result of a years-long criminal investigation into the company and its leadership. CEO Changpeng Zhao has also stepped down after pleading guilty to anti-money laundering violations and agreed to pay a separate $50 million fine.
The settlement also prohibits Zhao from any present or future involvement with the company for at least three years, according to the terms of the plea agreement.
The charges state that Binance focused on profits over legal compliance, serving U.S. customers without proper controls. This allowed funds tied to terrorism, hacking, and other crimes to flow through Binance undetected.
Binance also failed to stop over $898 million in illegal trades between U.S. users and those in sanctioned countries like Iran, according to the DOJ. As part of the plea deal, Binance forfeited over $2.5 billion and paid a $1.8 billion criminal fine. Zhao's individual plea relates to the lack of anti-money laundering controls at the exchange and violations of the Bank Secrecy Act—not unlike the charges to which BitMEX founder Arthur Hayes pleaded guilty early last year. Hayes paid a $10 million criminal fine and avoided prison, sentenced instead to two years probation.
#BinanceCEO #binanceus #BinanceSquareAnalysis #BinanceSquareUpdates #moneylaundering
$BTC $ETH $SOL
The $4.3 billion settlement is one of the largest corporate penalties in U.S. history, says DOJ.
Binance will exit the U.S. market and pay $4.3 billion—one of the largest corporate penalties in U.S. history—to settle anti-money laundering and sanctions violations, the Department of Justice today said.
The exit and penalty are the result of a years-long criminal investigation into the company and its leadership. CEO Changpeng Zhao has also stepped down after pleading guilty to anti-money laundering violations and agreed to pay a separate $50 million fine.
The settlement also prohibits Zhao from any present or future involvement with the company for at least three years, according to the terms of the plea agreement.
The charges state that Binance focused on profits over legal compliance, serving U.S. customers without proper controls. This allowed funds tied to terrorism, hacking, and other crimes to flow through Binance undetected.
Binance also failed to stop over $898 million in illegal trades between U.S. users and those in sanctioned countries like Iran, according to the DOJ. As part of the plea deal, Binance forfeited over $2.5 billion and paid a $1.8 billion criminal fine. Zhao's individual plea relates to the lack of anti-money laundering controls at the exchange and violations of the Bank Secrecy Act—not unlike the charges to which BitMEX founder Arthur Hayes pleaded guilty early last year. Hayes paid a $10 million criminal fine and avoided prison, sentenced instead to two years probation.
#BinanceCEO #binanceus #BinanceSquareAnalysis #BinanceSquareUpdates #moneylaundering
$BTC $ETH $SOL
🤑Binance Is Giving 25000$ Worth BNB for free 🤓
❄This Christmas, Binance will provide $150,000 in BNB to fulfill your Christmas wish
🥶6 users will have the opportunity to each receive $25,000 worth of BNB.
🥵How to participate:
Activity 1:
• Follow @Binance on Binance Square
• Quote the giveaway post,
share your wish using the hashtag "#BinanceWish " and mention 2 friends using the "@ function" in your post
Binance will select 2 lucky winners!
Activity 2:
🙌4 winners are selected on more social platforms such as TikTok, Instagram, X and Telegram. So make bold wishes and post creative content!
✅
#BinanceTournament #BinanceSquare #BinanceSquareUpdates #cryptocurrency
❄This Christmas, Binance will provide $150,000 in BNB to fulfill your Christmas wish
🥶6 users will have the opportunity to each receive $25,000 worth of BNB.
🥵How to participate:
Activity 1:
• Follow @Binance on Binance Square
• Quote the giveaway post,
share your wish using the hashtag "#BinanceWish " and mention 2 friends using the "@ function" in your post
Binance will select 2 lucky winners!
Activity 2:
🙌4 winners are selected on more social platforms such as TikTok, Instagram, X and Telegram. So make bold wishes and post creative content!
✅
#BinanceTournament #BinanceSquare #BinanceSquareUpdates #cryptocurrency
Bitcoin Surges on November 25 - Reaches a New High in 2023 Beyond $38,000
In a staggering move, Bitcoin (BTC) surged to new heights on November 25, 2023, surpassing the $38,000 mark. The cryptocurrency market witnessed an exhilarating rally as Bitcoin continued its bullish momentum, marking a significant milestone not seen since earlier this year.
This surge marks a remarkable resurgence for Bitcoin, stirring excitement and enthusiasm among investors and enthusiasts alike. As of late, the cryptocurrency markets have experienced increased volatility, making this surge a notable event, instilling renewed confidence in the flagship digital currency.
The ascent beyond $38,000 brings Bitcoin closer to reclaiming its previous all-time high, signaling a potential bullish trend in the crypto landscape. Analysts and traders have been closely monitoring Bitcoin's movements, and this surge has rekindled discussions about the potential for a sustained upward trajectory.
Several factors have contributed to this surge, including renewed institutional interest, growing adoption, and favorable market sentiments. Institutional players entering the crypto space have injected fresh capital and credibility, further solidifying Bitcoin's position as a sought-after asset class.
Additionally, the ongoing integration of cryptocurrencies into traditional finance systems, along with advancements in blockchain technology, has bolstered confidence in the long-term viability of Bitcoin and other digital assets.
While the surge beyond $38,000 is undoubtedly exciting, it's essential to approach the market with caution. Cryptocurrency markets are notorious for their volatility, and investors should conduct thorough research and consider their risk tolerance before making investment decisions.
#binannce #BinanceSquareUpdates #BTC期货
In a staggering move, Bitcoin (BTC) surged to new heights on November 25, 2023, surpassing the $38,000 mark. The cryptocurrency market witnessed an exhilarating rally as Bitcoin continued its bullish momentum, marking a significant milestone not seen since earlier this year.
This surge marks a remarkable resurgence for Bitcoin, stirring excitement and enthusiasm among investors and enthusiasts alike. As of late, the cryptocurrency markets have experienced increased volatility, making this surge a notable event, instilling renewed confidence in the flagship digital currency.
The ascent beyond $38,000 brings Bitcoin closer to reclaiming its previous all-time high, signaling a potential bullish trend in the crypto landscape. Analysts and traders have been closely monitoring Bitcoin's movements, and this surge has rekindled discussions about the potential for a sustained upward trajectory.
Several factors have contributed to this surge, including renewed institutional interest, growing adoption, and favorable market sentiments. Institutional players entering the crypto space have injected fresh capital and credibility, further solidifying Bitcoin's position as a sought-after asset class.
Additionally, the ongoing integration of cryptocurrencies into traditional finance systems, along with advancements in blockchain technology, has bolstered confidence in the long-term viability of Bitcoin and other digital assets.
While the surge beyond $38,000 is undoubtedly exciting, it's essential to approach the market with caution. Cryptocurrency markets are notorious for their volatility, and investors should conduct thorough research and consider their risk tolerance before making investment decisions.
#binannce #BinanceSquareUpdates #BTC期货
