🤔 New to crypto? Ask questions with #CryptoAMA hashtag, get answers, and earn rewards! 🧠 Crypto expert? Share your expertise by answering questions in the comments and get rewarded too!
Join our 'Ask Us Anything Crypto' campaign and get up to $5,500 in USDC rewards!
Campaign Period: 2024-10-29 00:00 to 2024-11-20 23:59 (UTC)
How to Participate
For Creators Posting Questions:
1. Have a question about crypto? Post it on Binance Square with the #CryptoAMA hashtag;
2. Get Rewarded! Once you ask a question, you become eligible for an equal share of the 5,000 USDC reward pool, along with users answering questions in the comment section under your posts.

For Creators Answering Questions:
1. Respond with an answer in the comment section of posts with crypto questions tagged #CryptoAMA
2. Get Rewarded: Relevant answers posted in the comment section are eligible for an equal share of the 5,000 USDC reward pool, along with users asking questions;
3. Top 100 Answers: The top 100 answers with the highest like count will split a 500 USDC prize pool, capped at $5 USDC per answer.

Rewards:
Main Reward Pool: All eligible participants share a 5,000 USDC reward pool. Rewards are capped at 5 USDC per person.Top 100 Reward Pool: The top 100 answers with the highest like count will split a 500 USDC prize pool, capped at $5 USDC per answer.

Eligibility: 
Posts must not feature any other hashtags to qualify for the reward;Make sure to post your answers in the comment section of the posts using only the hashtag #CryptoAMA
Terms & Conditions
This 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. Submissions will be evaluated by a panel from the Binance Square team based on topic relevance, formatting, quality, factual sourcing, and originality. Content must also align with the Campaign Rules. Any content involving hashtag abuse will be disqualified.Rewards will be distributed in the form of token vouchers to eligible users within 21 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. 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 to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.Additional Activity 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.
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🔔 MARKET MOVING NEWS!

1️⃣ Singapore Blocks Access To Polymarket Over Unlicensed Gambling Concerns ❓

Singapore has reportedly blocked access to the prediction market platform Polymarket as part of a crackdown on unlicensed gambling platforms. Users attempting to visit the site from Singapore receive a warning referencing Section 20 of the Gambling Control Act 2022. Notably, the act imposes fines of up to $10,000, jail terms of up to six months, or both, for gambling with unlicensed operators.

Alex Zuo, Investment and Custody vice president at Cobo Global, tweeted,

Polymarket is officially defined as a gambling website in Singapore. If you want to place a bet, you can only go to a state-owned gambling company. Otherwise, you will face fines and imprisonment.

#Polymarket

2️⃣ Mango Markets To Wind Down In Wake Of SEC Settlement, DAO Battle ☄️

According to a recent post, Solana-based decentralised exchange Mango Markets will be winding down its operations on Monday. This move came after an SEC settlement that required Mango's governance DAO and development organisation to destroy their MNGO tokens and delist them from all exchanges.

The post also noted that proposals to modify Mango Markets' interest rates and collateral requirements in order to make borrowing and lending “economically unviable” will become executable on Monday. Both proposals currently show unanimous support and have reached the threshold needed for passage.

3️⃣ Kenya Drafts Legislation To Regulate Cryptocurrencies ▶️

According to Treasury Cabinet Secretary John Mbadi, the Kenyan government is preparing legislation to regulate cryptocurrencies. Notably, this marks a shift from the cautious warnings previously issued by the Central Bank of Kenya (CBK). The announcement comes as Kenya drafts a new proposal titled “National Policy on Virtual Assets and Virtual Asset Service Providers.” This draft proposal outlines plans to create a “fair, competitive, and stable market for virtual assets (VAs) and virtual asset service providers (VASPs) in Kenya,” while addressing risks like money laundering, terrorism financing and consumer protection issues. It will reportedly be open for public feedback until Jan. 24.

#Kenya

4️⃣ NY Attorney General Files Lawsuit To Recoup $2.2M In Crypto Lost To Job Scam ‼️

New York Attorney General Letitia James has reportedly initiated legal action to recover more than $2 million in cryptocurrency swindled from New Yorkers who were duped into buying crypto under the false promise of securing remote work opportunities. The stolen crypto has reportedly been frozen with assistance from the US Secret Service. While the alleged scammers' identities are currently unknown, James plans on serving the alleged scammers the lawsuit via an NFT airdropped into the scammer-controlled wallets.

James stated,

Service by NFT will provide the scammers with notice of the litigation by giving them a link to an [Office of the Attorney General] website containing all of the pleadings. No other state or federal regulator has served a lawsuit using this method before.

#Crypto2025Trands #CryptoAMA