The SEC's lawsuit filed against Binance yesterday evening did not create many problems in the general functioning of the exchange. Over-the-counter data shows that the Bitcoin outflow seen on the platform corresponds to only 1.5% of the BTC on the exchange.

Although the lawsuit filed by the US Securities and Exchange Commission (SEC) against the Binance exchange has had a major impact on the crypto world, the same impact has not been experienced on the exchange itself.

Glassnode, an on-chain data platform, informed the exchange that approximately 10,000 BTC issued from the platform after the lawsuit was filed corresponds to 1.5 percent of the exchange's total Bitcoin reserve. Glassnode also noted that the outflows were much larger during the banking crisis in March.

As can be seen in the graph below, the sharp drop in price is not reflected in the presence of Bitcoin on Binance.

 Similar data was shared from CryptoQuant, another on-chain data platform. Platform CEO Ki Young Ju noted that looking at the overall photo, the outflows are not very large. The graph shows that there are much larger outflows from the stock market at the end of 2022 and in 2023.

November December, as it will be remembered, after the FTX crash, the crisis had grown even more and there had been billions of dollars of cryptocurrency outflows from Binance in a few days. Apart from a few minor problems, the exchange had managed to pay all the payments.

#crypto2023  #Binance #googleai #sec

#bitcoin is a decentralized digital currency, often referred to as a cryptocurrency. It was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin operates on a peer-to-peer network without the need for a central authority or government.

Bitcoin uses blockchain technology, which is a public ledger that records all transactions made with the currency. The blockchain ensures the transparency and security of the Bitcoin network, as each transaction is verified by multiple participants in the network through a process called mining.

Mining involves solving complex mathematical problems that secure the network and add new transactions to the blockchain. Miners are rewarded with newly minted bitcoins for their contributions to the network.

One of the key features of Bitcoin is its limited supply. There will only ever be 21 million bitcoins in existence, and this scarcity has contributed to its value. Bitcoin can be divided into smaller units, with the smallest unit called a satoshi (0.00000001 BTC).

Bitcoin has gained significant attention and popularity over the years, with its value experiencing both rapid increases and sharp declines. It has been embraced by some as a digital currency and a store of value, while others have criticized it for its volatility and potential use in illicit activities.

In addition to being a form of digital currency, Bitcoin has also inspired the development of thousands of other cryptocurrencies, collectively known as altcoins. These alternative cryptocurrencies often have different features and use cases compared to Bitcoin.

It's worth noting that the cryptocurrency market is highly volatile, and the value of Bitcoin and other cryptocurrencies can fluctuate dramatically. It's important to do thorough research and exercise caution when considering investing in or using cryptocurrencies.

#BinanceTournament #BTC #Binance

Introduction

Bitcoin halving refers to an event that occurs approximately every four years in the Bitcoin network. It is a built-in mechanism designed to control the supply of new bitcoins being created and ensure a limited and predictable inflation rate.

During a Bitcoin halving, the reward that miners receive for successfully mining a new block is reduced by half. This reduction in the block reward has a direct impact on the rate at which new bitcoins are introduced into circulation. The aim of this process is to gradually decrease the rate of supply growth and reach the maximum supply of 21 million bitcoins, which is a fundamental characteristic of Bitcoin.

The first Bitcoin halving occurred in 2012, reducing the block reward from 50 bitcoins to 25 bitcoins. The second halving took place in 2016, reducing the block reward to 12.5 bitcoins. The most recent halving occurred in May 2020, cutting the block reward to 6.25 bitcoins.

The halving events are significant because they affect the economics and dynamics of the Bitcoin ecosystem. With each halving, the supply of new bitcoins entering the market decreases, which, assuming demand remains constant or increases, can lead to upward pressure on the price of Bitcoin. Historically, Bitcoin halvings have been associated with price rallies and increased market attention.

#Binance #crypto2023 #BinanceTournament

Here, I can provide you with some general principles and strategies that smart investors consider when investing in cryptocurrencies:

Research: Smart investors thoroughly research the cryptocurrency they are considering investing in. They analyze factors such as the project's whitepaper, team members, technology, use case, market competition, and potential for adoption.

Diversification: Smart investors understand the importance of diversifying their portfolio. Instead of putting all their money into a single cryptocurrency, they spread their investments across multiple assets. This helps to mitigate risk and increase the potential for returns.

Risk Management: Investing in cryptocurrencies involves inherent risks. Smart investors assess their risk tolerance and allocate their investments accordingly. They might invest a smaller portion of their portfolio in higher-risk, high-potential cryptocurrencies and a larger portion in more established and stable cryptocurrencies.

Long-Term Perspective: Cryptocurrency markets can be volatile, and short-term price movements can be unpredictable. Smart investors often adopt a long-term perspective and focus on the underlying technology and potential future value of the cryptocurrency. They are less influenced by short-term price fluctuations and aim for sustainable growth over time.

Fundamental Analysis: Smart investors evaluate the fundamental aspects of a cryptocurrency project. They look at factors such as the team's expertise, partnerships, community support, adoption rate, and real-world applications. They consider whether the project has a solid foundation and the potential for long-term success.

Technical Analysis: While fundamental analysis focuses on the intrinsic value of a cryptocurrency, smart investors may also use technical analysis to identify patterns and trends in price charts. This analysis involves studying historical price movements, trading volumes, and indicators to make informed decisions about entry and exit points.

Keeping Up With News: Smart investors stay updated with the latest news and developments in the cryptocurrency industry. They follow reputable sources, read project updates, and stay informed about regulatory changes or market trends that could impact their investments.

Remember, investing in cryptocurrencies carries risks, and it's important to do your own research, seek professional advice if needed, and only invest what you can afford to lose.

#BinanceTournament

Binance is a popular cryptocurrency exchange that offers a futures trading platform called Binance Futures. Futures trading allows traders to speculate on the price movements of various cryptocurrencies without actually owning the underlying assets. Binance Futures offers a range of trading pairs and derivatives products, including perpetual futures contracts.

Here are some key features and considerations related to futures trading on Binance:

Account Setup: To start futures trading on Binance, you will need to create an account on the Binance exchange if you don't have one already. Once you have an account, you may need to complete the necessary identity verification procedures and enable futures trading on your account.

Available Contracts: Binance Futures offers a variety of trading pairs and contracts, allowing you to trade popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others. These contracts can have different settlement currencies, leverage options, and expiration dates.

Leverage Trading: One of the key features of futures trading is the ability to trade with leverage. Binance Futures offers different leverage options, such as 1x, 5x, 10x, and higher, depending on the trading pair and contract. Leverage amplifies both potential profits and losses, so it's crucial to understand the risks involved and use leverage responsibly.

Perpetual Contracts: Binance Futures primarily offers perpetual futures contracts, which don't have an expiration date like traditional futures contracts. Perpetual contracts allow traders to hold positions for as long as they desire, provided they maintain sufficient margin.

Funding and Fees: Binance Futures charges fees for trading, including maker and taker fees. Additionally, funding fees are periodically charged on open positions to ensure the perpetual contracts' prices align with the spot market prices. It's important to understand the fee structure and factor it into your trading strategy.

Risk Management: Futures trading involves inherent risks, including market volatility and the potential for significant losses. It's essential to have a solid risk management strategy in place, set appropriate stop-loss orders, and avoid overexposing your trading account to risk.

Resources and Education: Binance provides various educational resources, including trading guides, tutorials, and webinars, to help users understand futures trading concepts, strategies, and platform functionalities. Familiarizing yourself with these resources can be beneficial, especially if you're new to futures trading.

Remember, trading cryptocurrencies, including futures contracts, involves risks, and it's essential to conduct thorough research, understand the market dynamics, and make informed decisions. If you're new to trading or futures trading specifically, consider starting with small amounts and gradually increasing your exposure as you gain experience and confidence.

#binancetournament

Bitcoin and other cryptocurrencies have several use cases in the real world. Here are some of the prominent ones:

Digital Peer-to-Peer Payments: Cryptocurrencies enable direct peer-to-peer transactions without the need for intermediaries like banks. Bitcoin, for example, allows individuals to send and receive payments globally quickly and with lower fees compared to traditional banking systems.

Remittances: Cryptocurrencies provide an efficient solution for cross-border remittances. Migrants can send money back to their home countries in a secure and cost-effective manner using cryptocurrencies, bypassing the need for traditional remittance services.

Store of Value: Cryptocurrencies like Bitcoin can serve as a store of value similar to gold or other precious metals. Some individuals use cryptocurrencies as a long-term investment to hedge against inflation or to diversify their portfolios.

Micropayments and Tipping: Cryptocurrencies enable microtransactions, allowing users to make small payments for digital content, online services, or support content creators through tips or donations. This can be particularly useful for artists, bloggers, or social media influencers.

Decentralized Finance (DeFi): Cryptocurrencies facilitate the growth of decentralized finance, where financial applications operate on blockchain networks, removing the need for intermediaries. DeFi platforms offer services like lending, borrowing, yield farming, and decentralized exchanges, allowing users to access financial services in a permissionless and transparent manner.

Tokenization: Cryptocurrencies can be used to tokenize real-world assets such as real estate, commodities, or intellectual property. This process represents physical assets digitally, enabling fractional ownership, easier transferability, and increased liquidity.

Privacy and Anonymity: Certain cryptocurrencies, such as Monero or Zcash, emphasize privacy features. They allow users to conduct transactions with enhanced anonymity, providing an alternative to traditional financial systems where transactions are more easily traceable.

Fundraising and Initial Coin Offerings (ICOs): Cryptocurrencies have been used for crowdfunding purposes through Initial Coin Offerings. Projects and startups can raise funds by issuing their own digital tokens, giving investors an opportunity to participate in the project's ecosystem from the early stages.

It's important to note that while cryptocurrencies have these use cases, their adoption and acceptance vary across different regions and industries. Additionally, the regulatory environment and technological advancements will continue to shape how cryptocurrencies are utilized in the real world.

#binancepizza

Binance is a popular cryptocurrency exchange known for its extensive range of cryptocurrencies, advanced trading features, and strong security measures. There are several reasons why people choose to use Binance:

Wide Range of Cryptocurrencies: Binance offers a vast selection of cryptocurrencies for trading, including major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as numerous altcoins. The availability of a diverse range of cryptocurrencies allows traders and investors to access different markets and explore various investment opportunities.

Liquidity: Binance is one of the largest cryptocurrency exchanges in terms of trading volume. This high liquidity ensures that there are sufficient buyers and sellers for various cryptocurrencies, which leads to tighter bid-ask spreads and more favorable trading conditions.

Advanced Trading Features: Binance provides a range of advanced trading features and tools that cater to both beginners and experienced traders. These include market orders, limit orders, stop-limit orders, margin trading, futures trading, and more. The platform also offers various charting tools, price alerts, and trading indicators to assist users in making informed trading decisions.

Binance Coin (BNB): Binance operates its native cryptocurrency called Binance Coin (BNB). BNB can be used to pay for trading fees on the platform, participate in token sales on Binance Launchpad, and access other features within the Binance ecosystem. Holding BNB can also provide users with certain benefits, such as reduced trading fees and participation in Binance's token sales.

Security: Binance places a strong emphasis on security. It employs industry-standard security practices, including two-factor authentication (2FA), cold storage for funds, and regular security audits. Binance also offers additional security features such as anti-phishing measures and withdrawal whitelisting to enhance user account protection.

Global Presence: Binance has a global presence and supports users from various countries around the world. It offers multi-language support and has expanded its services to include localized versions of the exchange in different regions. This international presence makes Binance accessible to users worldwide.

Binance Ecosystem: In addition to the exchange, Binance has built a comprehensive ecosystem of products and services. This includes Binance Launchpad for token sales, Binance Academy for educational resources, Binance Charity for philanthropic initiatives, Binance Wallet for secure storage of cryptocurrencies, and Binance DEX for decentralized trading. The ecosystem provides users with a wide array of tools and opportunities related to cryptocurrencies.

It's important to note that while Binance is a well-established and popular exchange, it's always recommended to conduct thorough research, consider your specific needs, and be mindful of the risks associated with cryptocurrency trading before using any exchange platform.

#Binance #crypto2023 #BTC #BNB #binancepaymarketplace

NOT YOUR KEY NOT YOUR MONEY

Bitcoin Pizza Day holds great significance to the cryptocurrency industry and community as it marks a key milestone in the history of Bitcoin. On May 22, 2010, Laszlo Hanyecz, a Bitcoin enthusiast, made the first documented real-world purchase using Bitcoin. He bought two pizzas for 10,000 Bitcoins, which at that time were worth very little.

Bitcoin Pizza Day represents the first time Bitcoin was used as a medium of exchange for a tangible item, demonstrating its potential as a digital currency. This event highlights the early adoption and experimentation with cryptocurrencies and serves as a reminder of the humble beginnings of Bitcoin.

The significance of Bitcoin Pizza Day lies in the broader context of the cryptocurrency industry's development. It underscores the evolution of Bitcoin from an obscure, experimental project to a globally recognized and valuable asset. The fact that 10,000 Bitcoins were once traded for a couple of pizzas serves as a testament to the astronomical rise in Bitcoin's value over the years.

Moreover, Bitcoin Pizza Day also highlights the role of community and the passionate individuals who support and promote cryptocurrencies. It serves as a reminder of the enthusiastic and innovative nature of the early adopters who were willing to experiment with Bitcoin and envision its potential.

Since the first Bitcoin Pizza Day, the cryptocurrency industry has experienced tremendous growth and development. It has become a global phenomenon, attracting mainstream attention and adoption. Bitcoin Pizza Day stands as a symbolic reminder of the transformative power of cryptocurrencies and the potential they hold for revolutionizing traditional financial systems.

Annually, on May 22nd, the cryptocurrency community commemorates Bitcoin Pizza Day, celebrating the journey of Bitcoin and reflecting on its significance in the broader context of the industry. It serves as a reminder of the progress made and the ongoing advancements in the world of cryptocurrencies.

#binancepizza

Bitcoin Pizza Day is celebrated on May 22nd each year and marks an important milestone in the history of Bitcoin. It commemorates the first documented real-world transaction involving Bitcoin, which took place on May 22, 2010.

The story behind Bitcoin Pizza Day goes back to the early days of Bitcoin when it was a relatively new and little-known digital currency. At the time, Bitcoin was primarily used and traded among a small community of enthusiasts.

On May 18, 2010, a Bitcoin Talk forum user named "laszlo" posted a message offering 10,000 bitcoins in exchange for someone ordering him two pizzas. The post read:

"I'll pay 10,000 bitcoins for a couple of pizzas... maybe 2 large ones, so I have some left over for the next day. I like having leftover pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself."

Laszlo's offer gained attention, and a fellow Bitcoin Talk forum user named "jercos" decided to take him up on it. Jercos agreed to order the pizzas for Laszlo using his credit card, and in return, Laszlo transferred 10,000 bitcoins to him.

On May 22, 2010, the transaction was completed when jercos placed an order with Papa John's for two pizzas to be delivered to Laszlo's address. The total cost of the pizzas was around $25.

At the time of the transaction, the value of 10,000 bitcoins was not significant. Bitcoin was still in its early stages, and its value was relatively low compared to today. However, as Bitcoin gained popularity and its price skyrocketed in the following years, the significance of the transaction became evident.

Bitcoin Pizza Day gained recognition within the cryptocurrency community as a symbol of the early adoption and real-world use of Bitcoin. It serves as a reminder of the immense value that those 10,000 bitcoins would have held in later years.

Today, Bitcoin Pizza Day is celebrated by Bitcoin enthusiasts worldwide. It serves as a lighthearted reminder of the humble beginnings of Bitcoin and highlights the remarkable journey it has taken since that first documented transaction for two pizzas.

#binancepizza

“I left all my other P2P sites since I joined Binance P2P. It’s faster, more reliable and I feel like I’m part of something bigger than myself.I like that Binance takes user security very seriously. I can rest assured that my crypto assets are safe and secure whenever I’m directly trading with another user. “

What is Binance P2P 🤔

Binance P2P is a peer-to-peer marketplace for buying and selling cryptocurrencies using local currencies. The platform connects buyers and sellers directly, allowing them to negotiate the terms of the trade and complete the transaction without intermediaries.

Users can access Binance P2P through the Binance mobile app or website. The platform supports a variety of payment methods, including bank transfer, cash deposit, and mobile payment. Users can also filter trades by payment method, currency, and location.

Binance P2P has become a popular option for buying and selling cryptocurrencies, particularly in regions where access to traditional banking services is limited or restricted. The platform provides a secure and convenient way to trade cryptocurrencies without the need for a centralized exchange.

However, as with any P2P platform, users should exercise caution when trading on Binance P2P. They should thoroughly research the reputation of the seller before initiating a trade and verify the authenticity of the payment before releasing the cryptocurrency.

Overall, Binance P2P provides a convenient and secure way to buy and sell cryptocurrencies using local currencies, but users should be cautious and do their due diligence before initiating any trades.

#feedfeverchallenge

Crypto scams are unfortunately quite common in the cryptocurrency industry, and they can be difficult to spot if you're not careful. Here are some tips to help you avoid falling victim to a crypto scam:

Do your research: Before investing in any cryptocurrency or participating in any crypto-related activity, do your research to make sure it's legitimate. Look for information about the project, its team members, its whitepaper, and its roadmap.

Check the website's security: Make sure the website you're visiting has a secure connection (https://) and a valid SSL certificate. Also, check for spelling and grammatical errors, as these can be a sign of a scam website.

Beware of promises of quick profits: If an investment opportunity promises quick and guaranteed profits, it's likely a scam. Remember that all investments carry risks, and there are no guarantees in the cryptocurrency industry.

Don't give out personal information: Be wary of any requests for personal information, such as your social security number or bank account details. Legitimate cryptocurrency projects will never ask for this kind of information.

Be cautious of unsolicited offers: If someone you don't know contacts you with a cryptocurrency investment opportunity, be cautious. Scammers often use unsolicited offers to trick people into sending them money.

Don't trust fake social media accounts: Scammers often create fake social media accounts to impersonate legitimate projects or team members. Make sure you're following the official accounts of the project or person you're interested in.

Use trusted exchanges and wallets: Only use reputable cryptocurrency exchanges and wallets that have a proven track record of security and reliability.

Remember, if something seems too good to be true, it probably is. Use common sense and do your due diligence to avoid falling victim to a crypto scam.