Main Takeaways Users can save themselves the extra work of buying crypto manually over time by setting automatic cryptocurrency purchases with the Recurring Buy function on Binance.Recurring Buy facilitates the dollar-cost averaging strategy, helping users gain steady crypto growth through consistent and regular investing.With Recurring Buy, users can enjoy easy access to the rest of the Binance ecosystem, tapping into a wider span of investment products and buying NFTs and Fan Tokens.Set up Recurring Buy in just five easy steps and start growing your crypto portfolio today using your Visa and Mastercard credit and debit cards.If you’re looking for a quick and hassle-free way to automate your crypto purchases, Binance’s Recurring Buy feature is exactly what you need.What is Binance’s Recurring Buy?Designed to facilitate a Dollar-Cost Averaging (DCA) investment strategy, Recurring Buy allows you to choose the cryptocurrency you want to purchase, the amount you want to buy, and the frequency of purchase. Not only does it save time but it also saves you the stress of trying to time the market. Moreover, through using Recurring Buy you can reduce the impact of market volatility, lower risk of purchasing at a less than ideal timing, and steadily grow your crypto portfolio through long-term appreciation. No matter how busy you are, Recurring Buy saves the hassle of buying crypto manually over time by setting automatic cryptocurrency purchases. Keep on reading about the advantages of Recurring Buy and how to set yours up on Binance in five simple steps.Why Use Recurring Buy to Grow Your Crypto Portfolio??The Recurring Buy feature on Binance establishes a fully automated process — you can enjoy the convenience, speed, and easy access to other services within the Binance ecosystem. Below are four more reasons why you should use Recurring Buy.  1. Steady Portfolio Growth via a Long-Term Investment StrategyThe strategy behind Recurring Buy is dollar-cost averaging (DCA), where you invest money gradually at regular intervals rather than all at once. Regardless of the market situation, the DCA strategy allows you to stay in the market and help smooth out the price swings that can sometimes occur. Through consistent investments at periodic intervals, Recurring Buy enables you to gradually grow your crypto wealth over time and avoid the impact of a volatile market as a long-term investment strategy. 2. Convenient, Flexible, Beginner-FriendlyNo more hassle of manual recurring purchases with this automated function. Automating crypto purchases to save time and simplify investing is ideal for beginners. You can also choose between daily, weekly, bi-weekly or even monthly purchases and what kind of cryptocurrencies you want to buy beforehand. Recurring Buy supports more than 45 local currencies. In addition, Binance will add support for new and popular assets on Recurring Buy. 3. Easy Access to the Binance EcosystemThe first step to expanding your crypto portfolio is getting your stash of crypto ready, and you can do so via Recurring Buy. Afterward, maximize gains for your recurring crypto purchases via other Binance products such as Earn products, yield farming, trading, Launchpool or even purchasing your first NFT.4. Elevate Your Personal Investment ExperienceNot familiar with investment strategies? Here is an easier one. By automating investments, you can better plan your finances and allocate funds systematically towards your investment goals. Recurring Buy’s structured approach can lead to more effective financial management and goal achievement, enhancing your financial planning and elevating your personal investment experience.Step-by-Step Guide to Set Up Recurring Buy on BinanceStep 1: Choose Your Crypto & Enable Recurring Buy Log in to your Binance account, tap on the [Trade] option on the app homepage, and then tap [Buy]. Click [Buy Crypto] to view the dropdown menu and select [Recurring Buy].Next, choose the crypto you would like to purchase and enable the Recurring Buy feature on the same page. For web users, simply tap on [Buy Crypto] on the top header of the homepage, and choose [Recurring Buy].Step 2: Select your preferred local currency Choose from over 45 currencies supported on Recurring Buy.Step 3: Set up the frequencyTap on the date on the same page, and choose between daily, weekly, bi-weekly, or monthly intervals. You can also select the day and time for your Recurring Buy. Step 4: Select your payment methodsWe currently accept Visa or Mastercard credit/debit cards. You can choose to use one of your existing cards or add a new card.  Note: You can only save up to 5 cards. If you want to add any cards on top of that, you will need to remove your existing cards first. In the event that the card is used for recurring buy, you will need to cancel your recurring buy plans to proceed.Step 5: Confirm your order detailsCheck and confirm your order details in one minute, as after one minute, the price and the amount of crypto you will get will be recalculated. Tap [Refresh] to see the latest market price. After you confirm your order details, you are all set. You can visit your order history to check the status of your recurring buy plan.For a more detailed guide, check out our article on How to Use Recurring Buy. ConclusionTaking regular small and incremental steps in your crypto investment through the use of Binance’s Recurring Buy feature can lead you to accumulating bigger gains over time. That said, make sure you carefully consider your financial goals, risk appetite, and comfort with trading before considering setting up Recurring Buy plans. Make sure to DYOR before committing.Further ReadingWhat Is Recurring Buy and Frequently Asked QuestionsA Beginner's Guide to Cryptocurrency Trading StrategiesDollar-Cost Averaging (DCA) Explained

The 11th Hashtag Campaign #GravityAlphaMainnet Introduction:
This campaign is supported by @Gravity

Gravity — a Layer 1 omnichain smart contract platform designed to deliver a more efficient, scalable, and secure mechanism for managing complex cross-chain interactions with minimal friction.
With this integrated and streamlined solution, Gravity is poised to elevate interactions for users and developers within Web3 while supporting the complexity and scalability needed for mass adoption.
G is the native token on Gravity and the utility token for both Gravity and the Galxe ecosystem. G powers transactions as the gas token and will soon secure the network through staking. As the primary utility token across both ecosystems, G drives governance decisions, incentivizes growth, and facilitates payments.
Beyond migrating the existing utilities from GAL, G will expand its range of applications to serve all users within our ecosystems. Here are the key functionalities of G:
Staking: Stake G to actively participate in governance, secure the network, and contribute to the long-term sustainability of both the Gravity and Galxe ecosystems. Additionally, G stakers gain convenient access to exclusive rewards from applications built by Galxe.
Governance: G DAO is governed by G holders. Acting as a transparent, secure, and decentralized framework, G DAO fosters unity and progress among its members.
Transacting: As the native gas token of Gravity Chain, G is used for executing and paying for all onchain transactions.
Payments: As the utility token in the Galxe ecosystem, G is used to pay fees for applications built by Galxe, including Galxe Quest, Galxe Passport, Galxe Score, Alva, and more.

Other Ongoing Event:
Binance Adds G on Simple Earn Locked Products

Step 1:
Follow @Gravity on Binance Square.
Post content on the square for a chance to share the rewards. We're looking forward to hearing from you about your insights and thoughts on the future of the Gravity ecosystem.
Your post must cover the token tag $G and the hashtag #GravityAlphaMainnet and include your views on:
What are the benefits and rights of G holders?What are the future prospects for the Gravity chain?What is the future of Galxe powered by Gravity?

Step 2:
Share your Square post to your social media (X) and @GravityChain, using the hashtag #GravityAlphaMainnet , and encourage your social media followers to comment/like/share the post.

Event Rules:

After the event, we will select 50 high-quality posts with the hashtag  #GravityAlphaMainnet . To be eligible, posts must have at least 20 interactions (likes, shares, or comments) and at least 200 characters. Winners of this competition will share a 250,000 $G prize pool. The more views you have, the more G you’ll get.  
25 winners with over 8,000 views will each receive 3000 G.15 winners with over 12,000 views will each receive 5000 G.10 winners with over 20,000 views will each receive 10000 G.

All content must be released by Sep 03, 2024 12:00 to be eligible for rewards.
Only content related to the project essay requirements will be selected, and other non-related content will not be eligible for reward.

Terms & Conditions
This promotion may not be available in your region.Only content with  #GravityAlphaMainnet related content (including posts and articles) that received at least 20 interactions (i.e., the total number of emojis, comments, or shares) during the campaign period are eligible for qualifying content.Any abuse of hashtags and posting of irrelevant content will result in a disqualification.Only original new content is eligible. Previously submitted entries are not eligible.You can post multiple different high quality content to increase your chances of winning.We will release the rewards to your account within 20 working days, and Users may check their rewards via "Funding" > "Balances".All eligible users will be notified via a push notification under Creator Center > Square Assistant.Binance reserves the right to disqualify any account that violates Binance Square's Community Guidelines or Terms and Conditions.Binance reserves the right to modify or change these terms and conditions at any time at its sole discretion without prior notice, including, but not limited to, canceling, extending, terminating, or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be taken, and all participants shall be bound by these amendments. Binance reserves the right of final interpretation of this event.

Think you can predict the BTC market? Put your intuition to the test and grab your share of the $5,000 USDC reward pool! Join our daily “Bullish vs Bearish” voting campaign and connect with the crypto community by sharing your market sentiment.
Campaign Period: 2024-08-08 00:00 to 2024-08-14 23:59 (UTC)

How To Participate:
Vote on $BTC Direction and Share Insights:
Option 1: Visit the BTC trading page and vote whether the day will be bullish or bearish. Share your insights and reasoning behind your vote in an accompanying post.

Option 2: Create a post through the “+” posting button on Binance Square, adding the $BTC cointag, and vote bullish or bearish in the content editor.

Winning Criteria:
Bullish Votes Win: If the BTC price at the end of the day (daily close price) is higher than the price at the beginning of the day (open price).Bearish Votes Win: If the BTC price at the end of the day (daily close price) is lower than the price at the beginning of the day (open price).
Eligibility: 
Only the first prediction per day will be considered if a user makes more than one prediction.Voting and posts made between 21:00-24:00 UTC will not be counted as eligible entries.

Reward Structure:
Daily Challenge
Participate in our daily task! Users who post and vote in the correct direction will be eligible to share a $500 USDC prize pool each day. Join every day and predict correctly to win!
*Individual cap: $2 USDC per participant per day.
Extra Rewards: Make correct predictions for several days and earn additional rewards!

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 in order for the votes to count. Each day runs from 00:00 (UTC) to 23:59 (UTC). 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 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.

A couple who received $10 Million by mistake from Crypto.com crypto exchange and kept it to themselves to serve jail time.

Dishonesty brings consequences. A couple proved this phrase when they received money by mistake and kept it to themselves. 

Their action led them to serve jail time. A major error from Crypto.com crypto exchange resulted in refunding $10 Million instead of $100.

The incident began in May 2021 when Jatinder Singh tried to deposit $100 into his Crypto.com account using his partner’s bank account. 

An employee of the exchange in Bulgaria made a significant mistake, leading to a $10.47 million refund to Singh’s partner, Thevamanogari Manivel, due to discrepancies between the names on the accounts causing the initial deposit rejection.

Crypto.com Discovered The Mistake

The mistake was undiscovered until December 2021. During an internal audit by the exchange, the company noticed a large amount of money was missing. By this time, Singh and Manivel had already spent a significant portion of the money. 

They bought two homes, two blocks of land in Melbourne, and even gifted $1 million to a friend. Singh initially claimed he believed they had won an online raffle.

Actions Taken and Arrests

Crypto.com realized the mistake and contacted the Commonwealth Bank, which informed Manivel that she needed to return the money. 

Manivel, believing it was a scam, transferred $4 million to her Malaysian bank account. In March 2022, police arrested her at Melbourne airport while she tried to board a one-way flight to Malaysia with $11,000 in cash.

Court Proceedings

Singh pleaded guilty to the theft of $6.09 million and appeared in the Victorian County Court for a presentence hearing. His lawyer argued that Singh did not fully understand the seriousness of his actions at the time. 

He remained unaware that the funds came from a multinational company, which did not realize the money was missing until much later.

Despite this, the prosecution called for a jail sentence. They emphasized the opportunistic nature of the crime.

Manivel’s Charges and Bail

Manivel faced charges including theft and negligently dealing with the proceeds of crime. He pleaded not guilty, and the court granted her bail with strict conditions after she spent over six months in custody. 

Her bail conditions included surrendering her passport and not attending any points of departure.

Sentencing and Recovery Efforts

The court learned that most of the money spent in Australia had been recovered, but the $4 million transferred to Malaysia still remained outstanding. 

Crypto.com had launched legal action to recover the funds. The prosecutors did not receive information about the outcome of the recovery action. 

The court sentenced Manivel to 209 days in prison, recognizing this time as already served. She also received an 18-month community corrections order.

Conclusion

The case highlights the significant consequences of a very simple mistake. Singh and Manivel’s situation serves as a cautionary story. 

It underscores the importance of verifying unexpected gains. People should understand the legal implications of spending money that doesn’t belong to them.

Main TakeawaysFake token attacks represent a widespread type of cryptocurrency scams where criminals create fraudulent tokens that mimic legitimate cryptocurrencies, using them to steal users’ money or sensitive data.This type of attack generally uses communication tools such as Telegram, WhatsApp or WeChat to spread misinformation. A common tactic is running token “pre-sales,” attracting victims with the promise of a much higher future “listing price” compared to the current “pre-sale price.”In most cases, the losses of digital assets are irreversible. Binance encourages users to constantly learn to protect themselves, staying vigilant and aware of common threats.A fake token attack is a type of cryptocurrency scam where malicious actors create counterfeit or fraudulent tokens that mimic legitimate cryptocurrencies. These fake tokens are designed to deceive investors and traders into believing they are purchasing or trading a genuine asset, often leading to financial losses or other negative consequences such as identity theft.How Scammers Use Fake TokensReal tokens and fake ones mimicking them can exist on the same blockchain but with different smart contract addresses, or on different blockchains. Fake tokens can be used in a variety of fraudulent schemes.Initial Coin Offerings (ICOs) and Token Sales: Attackers may launch fake ICOs or token sales, enticing investors with the promise of getting in early on a groundbreaking project. Once they collect funds, they disappear, leaving investors with worthless tokens.Airdrops and Giveaways: Fake tokens are sometimes distributed through airdrops or giveaways, where users are asked to provide personal information or pay a small fee to receive the tokens. This can lead to further scams or identity theft.Pump and Dump Schemes: Scammers may artificially inflate the price of a fake token through coordinated buying (pump) and then sell off their holdings at the peak (dump), leaving other investors with devalued assets on their hands.Launchpool Token Scams: The schemes described above can be complicated and costly to pull off, so scammers can choose to resort to lower-cost attacks, such as those using fake Launchpool tokens attacks. In this type of scams, criminals capitalize on the publicity that the promotion and dissemination of an asset by a reputable exchange creates, claiming, for example, that they can offer such tokens at a discount through unofficial channels that are not associated with the platforms like Binance that do the original promotion. Real token launch announcement on Binance LaunchpoolFor example, Binance promotes official Launchpool tokens ahead of launch, and the attackers often seek to capitalize on it. When a fake token is designed to mimic such a well-publicized asset, scammers’ promotional costs can be greatly reduced, and the only thing they have to do is convince potential victims that the token they are pushing is the same as the one promoted via Binance Launchpool.Real-Life CasesBOOMIn July 2024, Binance’s Risk Intelligence team identified a DEX-listed asset called BOOM as a fake token. The asset exhibited several red flags at once, which makes it an excellent example of such tokens.Liquidity: A BOOM pool on PancakeSwap had a meager $3.38K liquidity, all provided by the contract deployer. The market value of this token is very low.BOOM’s page on CoinMarketCap, showing total liquidity and the number of holdersSuspicious Transfers: While the token’s liquidity amounts to just several thousand dollars, there are over 11.18M addresses that have received this token. This is abnormal: with legitimate tokens, liquidity should be proportional to the number of holders.BOOM’s page on Dextools, showing sell taxSell Tax: A token's sell tax is a fee imposed on each sale of the token, set by the project developers. In BOOM’s case, sell tax is set at 100%, which means that whenever someone tries to sell this token, the entire amount of the sale will be deducted as tax, and the seller will not receive any funds.In this case, scammers have set sell tax at 100% and airdropped the fake token to more than 11 million addresses. Had the trading of this asset taken off, the people behind the token would have pocketed 100% of each sale via a built-in smart contract. This case stands as a reminder that users should closely scrutinize the tokens they receive via unsolicited airdrops.Fake OMNIIn 2024, Binance has promoted multiple new tokens via its Launchpool program. Scammers around the globe have attempted to use these opportunities to create fake tokens to defraud users. For example, a popular scheme has been setting "pre-purchase" programs through unofficial channels such as Telegram or WeChat groups. Remember that overly attractive prices on much-anticipated tokens before they launch should be considered a red flag.Real OMNI’s page on CoinMarketCapOMNI has been one of such Launchpool tokens, which the crypto community has eagerly anticipated. Criminals were quick to launch several imposter tokens, including the one in the screenshot below, which originated in Turkey.Fake “OMNI’s” BscScan pageAs you can see, this fake “OMNI” has zeroes in its price and on-chain market cap metrics, and only has a few holders and total transfers.Tips for Identification and AvoidanceVerify the Contract Address: Every digital token has a contract address associated with it. Always obtain the contract address from official sources such as the project's official website, verified social media accounts, or reputable cryptocurrency listing platforms like CoinMarketCap or CoinGecko. Cross-check the contract address across multiple official sources to ensure consistency.Use Risk Assessment Tools: Contract code analysis, swap analysis, and liquidity analysis are the most basic methods to detect token risks, but these can present technical barriers as they require a certain level of coding and blockchain-specific skills. Users who are less familiar with the technical aspects of digital assets can rely on consumer tools designed to help assess risk probabilities. For example, Token Sniffer is an easy-to-use and convenient tool that can help in risk identification.Screenshot of Token SnifferStay updated with Risk News: The best way to mitigate scam-related risks in the crypto space is staying on top of the latest developments in the industry. Following specialized risk-focused blogs and security news will help you get better at identifying red flags and avoiding scammers.Final ThoughtsFake tokens are a significant threat in the cryptocurrency space, preying on the enthusiasm of investors and their willingness to explore new opportunities when it comes to emerging tokens. By staying informed, conducting thorough research, and exercising caution, you can protect yourself from falling victim to these scams. Always remember the old adage: if something sounds too good to be true, it probably is.Further ReadingKnow Your Scam Stay Safe: How to Spot and Avoid Telegram Scams4 Critical Tools to Enhance the Security of Your Binance Account

🚦SHIB Pepe Bonk $1? 2024 Sept - Nov⚡️⚡️⚡️

In the world of cryptocurrencies, meme coins like SHIB and Pepe have captured the imagination of investors worldwide. With wild predictions circulating about these tokens reaching $1, it's crucial to take a step back and examine the reality behind these speculative frenzies.
The Rise of Meme Coins 💰
Meme coins have surged in popularity, driven by the allure of quick riches rather than the fundamentals of blockchain technology. Investors are flocking to these tokens with dreams of overnight millionaire status, lured by the success stories of a fortunate few.
The Illusion of Overnight Wealth 🥸
While there have been instances of meme coin millionaires, these are exceptions rather than the norm. Many investors have also suffered significant losses, a side of the story often overlooked in the hype surrounding these tokens.

Unrealistic Expectations 🤑😱
The notion of SHIB or Pepe reaching $1 is frequently propagated by influencers and fervent believers. However, such predictions often disregard basic economic principles and the sheer impracticality of achieving market capitalizations higher than global economies.
Lessons for New Investors 📖📚👓
Newcomers to the crypto space are particularly vulnerable to the allure of get-rich-quick schemes. The disappointment and financial losses experienced by those who fall prey to unrealistic promises can sour perceptions of cryptocurrencies as a whole.
Supply and Demand Realities 🤯
Tokens like SHIB and Pepe boast supplies in the billions or even trillions, making significant price appreciation to $1 extremely challenging. Investors should be wary of investing based solely on speculative hype rather than solid project fundamentals.
Ripple (XRP) and High Price Predictions
Similar to meme coins, Ripple's XRP faces exaggerated predictions due to its large supply. Suggestions of XRP reaching $1000 by 2024 are similarly unrealistic and should be approached with caution.
Investing Wisely 🦉
Amidst the noise of speculative fervor, a prudent approach to investing in cryptocurrencies involves focusing on projects with tangible real-world applications and robust technology. Rather than gambling on hype, investing in the future of blockchain and emerging technologies offers a more sustainable path to financial growth.
Conclusion 💰💰💰💸💸💸💲💲💲
As the crypto landscape evolves, the allure of meme coins and exaggerated price predictions persists. However, investors must navigate these turbulent waters with caution. Understanding the difference between genuine investment opportunities and speculative gambles is crucial for long-term success in the crypto space. By prioritizing education and due diligence, investors can harness the transformative potential of blockchain technology while minimizing the risks associated with speculative investments.
#BinanceHODLerBANANA #ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments #BinanceTournament $SHIB

$PEPE