The Securities and Exchange Commission (SEC) is working with Google and Apple for the removal of applications operated by cryptocurrency giant Binance in app marketplaces accessible in the Philippines.
In separate letters addressed to Google and Apple dated April 19, the SEC has requested for the removal of applications controlled by Binance.com from Google Play Store and the Apple App Store, respectively.
“The SEC has identified [Binance] and concluded that the public’s continued access to these websites/apps poses a threat to the security of the funds of investing Filipinos,” SEC Chairperson Emilio B. Aquino said in the letter, saying that the sale or offer of unregistered securities to Filipinos and operating as an unregistered broker constitutes a violation of Republic Act no. 8799, or The Securities Regulation Code.
Removing and blocking applications of Binance will “prevent the further proliferation of its illegal activities in the country, and to protect the investing public from its detrimental effects on our economy,” Mr. Aquino added.
Read more here: https://www.sec.gov.ph/pr-2024/sec-moves-to-remove-binance-app-in-google-apple-app-store/#gsc.tab=0
Binance closed in the Philippines because it didn't follow SEC rules. But there are other exchanges in the same boat—they also don't comply with SEC regulations.
"But in fact, Binance's transaction fee is cheaper compared to Gcrypto."
Don't use local trading platforms, especially GCrypto. Let's learn to use decentralized exchanges instead.
Well, this is the time for decentralization to avoid market manipulators for their own interest.👌
The downside of Binance experiencing downtime can include:
1. Inability to access trading: Users may be unable to buy, sell, or trade cryptocurrencies, potentially missing out on favorable market movements or opportunities.
2. Loss of trust: Downtime can erode user confidence in the platform's reliability and stability, leading to concerns about security and service quality.
3. Frustration and inconvenience: Traders and investors relying on Binance for their transactions may experience frustration and inconvenience due to the inability to execute trades or access their funds.
4. Financial implications: Depending on the duration and circumstances of the downtime, users may suffer financial losses if they are unable to act on market movements or if trades fail to execute as intended.
Overall, downtime can have various negative impacts on users' trading experience, trust in the platform, and financial outcomes.
Launchpads are common in the cryptocurrency space for new projects to raise funds and gain exposure. If there's a launchpad ongoing for ETHFI (Ethereum Finance), it could be an opportunity for investors to participate in the project's initial stages. Just make sure to do thorough research and consider the risks involved before getting involved.
Binance Market Update (2024-03-12) The global cryptocurrency market cap now stands at $2.69T, up by 2.32% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $71,270 and $72,800 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $71,976, up by 0.46%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include AMP, METIS, and REEF, up by 187%, 51%, and 46%, respectively.
Binance cryptocurrency can potentially help your personal growth in several ways:
1. Financial Literacy: Engaging with Binance can help you learn about investing, trading, and the cryptocurrency market, improving your financial literacy.
2. Investment Opportunities: Investing in cryptocurrencies through Binance can provide opportunities for financial growth and portfolio diversification.
3. Entrepreneurial Spirit:Learning about blockchain technology and the decentralized finance (DeFi) ecosystem on Binance may inspire entrepreneurial endeavors in the cryptocurrency space.
4. Risk Management:Managing investments on Binance teaches valuable skills in risk assessment and management, which are applicable to various aspects of life.
5. Networking: Engaging with the Binance community and participating in discussions can help you connect with like-minded individuals and expand your network, potentially opening up new opportunities for personal and professional growth.
Binance offers various learning opportunities through its educational platform, Binance Academy, where users can learn about cryptocurrencies, blockchain technology, trading strategies, and more. By expanding your knowledge in these areas, you can potentially enhance your trading skills and earn rewards on the Binance platform.
The true identity of Satoshi Nakamoto remains unknown. Satoshi Nakamoto is the pseudonymous person or group who created Bitcoin and authored the Bitcoin white paper, which was published in 2008. Despite numerous theories and investigations, the identity of Satoshi Nakamoto has never been definitively confirmed.
The true identity of Satoshi Nakamoto remains unknown. Satoshi Nakamoto is the pseudonymous person or group who created Bitcoin and authored the Bitcoin white paper, which was published in 2008. Despite numerous theories and investigations, the identity of Satoshi Nakamoto has never been definitively confirmed.
Bitcoin and cryptocurrency are not myths; they are real technologies and financial assets. Bitcoin, created in 2009 by an individual or group using the pseudonym Satoshi Nakamoto, introduced the concept of decentralized digital currency based on blockchain technology. Since then, thousands of other cryptocurrencies and blockchain projects have been developed, each with its own unique features and use cases. While the cryptocurrency space has its challenges and controversies, it has also gained significant adoption and recognition from both individuals and institutions around the world.
"Write2Earn" on Binance is likely a feature or program where users can earn rewards or incentives for writing content, possibly related to cryptocurrencies, trading, or other topics relevant to the platform. To participate:
1. Sign Up: Create an account on Binance if you haven't already.
2. Navigate to Write2Earn: Look for the Write2Earn section or feature on the Binance platform. This might be found in the Earn or Rewards section.
3. Explore Opportunities: Browse through available writing tasks or opportunities. These could include writing articles, blog posts, market analysis, or other content related to cryptocurrency and blockchain.
4. Submit Content: Once you find a task you're interested in, follow the guidelines provided and submit your content accordingly. Make sure to adhere to any specific requirements or topics requested.
5. Earn Rewards: After submitting your content, you may receive rewards or incentives based on the quality, relevance, and engagement of your submissions. Rewards could include cryptocurrencies, tokens, or other perks.
6. Stay Engaged: Keep an eye on new writing opportunities and continue to participate to earn more rewards over time.
Remember to always review the terms and conditions of any program or feature on Binance to understand how rewards are calculated and distributed.
Binance Fiat refers to the fiat currency trading pairs available on the Binance exchange. These pairs allow users to trade cryptocurrencies against fiat currencies such as USD, EUR, GBP, and many others. Binance has gradually expanded its fiat support over the years, offering more options for users to buy and sell cryptocurrencies directly with their local currencies.Binance offers several stablecoins on its platform, including USDT (Tether), BUSD (Binance USD), USDC (USD Coin), and others. These stablecoins are pegged to the value of fiat currencies like the US dollar, providing stability and liquidity for traders on the exchange.#Write2Earn #BinanceSquareExplorers #binancefiat #binancestablecoins
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