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Breaking :- Binance Will stop supporting BUSD 🚨
As many users recieved notification from binance itself binance will stop supporting BUSD the reason as stated by binance is that paxos Would stop redeeming The busd and Eventually By feb 2024 Binance would also stop supporting BUSD.
There is nothing to be worried there is a lot of time so u can covert it to usdt or any other stablecoin in the time stated.
Also there is no fud around the thing so Don’t panic , There is a lot of time In the stoppage.
#busd #binance
As many users recieved notification from binance itself binance will stop supporting BUSD the reason as stated by binance is that paxos Would stop redeeming The busd and Eventually By feb 2024 Binance would also stop supporting BUSD.
There is nothing to be worried there is a lot of time so u can covert it to usdt or any other stablecoin in the time stated.
Also there is no fud around the thing so Don’t panic , There is a lot of time In the stoppage.
#busd #binance
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Binance How to invest it in the correct and permissible way in Islam To invest a small amount such as $7 in the Binance platform in a correct way that is in accordance with Islamic law, and in compliance with Sharia controls. Here are some tips:
1. Avoid leveraged trading
Leverage trading has legal doubts due to the interest and debt involved
Invest only with what you own without borrowing
2. Choose halal cryptocurrencies
Make sure that the cryptocurrency you want to invest in is used in projects that have a legitimate interest and is not related to forbidden practices (such as gambling or usury)
Currencies that are often considered legitimate include: Bitcoin ($BTC ), Ethereum ($ETH ), but always check the legitimacy of the currency carefully
3. Use only a Spot account
A Spot account means that you buy the currency and own it entirely, which is the closest to legitimacy in trading
4. Trade with small amounts and monitor fees
With small capital, fees can greatly affect profits, so choose currencies with low trading fees
5. Invest in stablecoins
You can invest in stablecoins such as #USDT Or #BUSD and keep your money as a temporary reserve until a suitable trading opportunity arises
6. Learning and monitoring
Do not rush into investing. Spend time learning about trading and avoid random speculation
7. First and last, you should seek guidance from God before starting any investment.
1. Avoid leveraged trading
Leverage trading has legal doubts due to the interest and debt involved
Invest only with what you own without borrowing
2. Choose halal cryptocurrencies
Make sure that the cryptocurrency you want to invest in is used in projects that have a legitimate interest and is not related to forbidden practices (such as gambling or usury)
Currencies that are often considered legitimate include: Bitcoin ($BTC ), Ethereum ($ETH ), but always check the legitimacy of the currency carefully
3. Use only a Spot account
A Spot account means that you buy the currency and own it entirely, which is the closest to legitimacy in trading
4. Trade with small amounts and monitor fees
With small capital, fees can greatly affect profits, so choose currencies with low trading fees
5. Invest in stablecoins
You can invest in stablecoins such as #USDT Or #BUSD and keep your money as a temporary reserve until a suitable trading opportunity arises
6. Learning and monitoring
Do not rush into investing. Spend time learning about trading and avoid random speculation
7. First and last, you should seek guidance from God before starting any investment.
**💡 Earn $10 on Binance Easily & Risk-Free! 🚀**
Looking to make $10 with minimal risk? Here are some smart strategies you can start today:
1️⃣ **Binance Earn - Flexible Savings**
- Deposit your crypto into Flexible Savings and earn daily interest.
- Perfect for earning passive income with stablecoins like #USDT or #BUSD .
2️⃣ **Staking Rewards**
- Stake popular tokens or stablecoins to earn consistent returns.
- Look for low lock-up periods and high #APY opportunities!
3️⃣ **Spot Trading - Low Risk**
- Trade stablecoin pairs like **#BUSD /#USDT ** and profit from small price changes.
- Great for quick, low-risk scalping gains.
4️⃣ **Referral Program**
- Invite friends to Binance and earn commissions from their trading fees.
- Easy money while helping others join the crypto journey!
5️⃣ **Learn and Earn**
- Complete Binance’s educational quizzes and earn free crypto rewards.
- Learn while you earn — a win-win!
6️⃣ **Launchpool Opportunities**
- Stake tokens in Launchpool to earn newly launched tokens.
- No risk of losing funds, and you can unlock extra rewards!
📈 Start exploring these options and grow your earnings step by step.
💬 **Which strategy will you try first? Comment below and let’s discuss!**
Looking to make $10 with minimal risk? Here are some smart strategies you can start today:
1️⃣ **Binance Earn - Flexible Savings**
- Deposit your crypto into Flexible Savings and earn daily interest.
- Perfect for earning passive income with stablecoins like #USDT or #BUSD .
2️⃣ **Staking Rewards**
- Stake popular tokens or stablecoins to earn consistent returns.
- Look for low lock-up periods and high #APY opportunities!
3️⃣ **Spot Trading - Low Risk**
- Trade stablecoin pairs like **#BUSD /#USDT ** and profit from small price changes.
- Great for quick, low-risk scalping gains.
4️⃣ **Referral Program**
- Invite friends to Binance and earn commissions from their trading fees.
- Easy money while helping others join the crypto journey!
5️⃣ **Learn and Earn**
- Complete Binance’s educational quizzes and earn free crypto rewards.
- Learn while you earn — a win-win!
6️⃣ **Launchpool Opportunities**
- Stake tokens in Launchpool to earn newly launched tokens.
- No risk of losing funds, and you can unlock extra rewards!
📈 Start exploring these options and grow your earnings step by step.
💬 **Which strategy will you try first? Comment below and let’s discuss!**
🚨🚨 Binance Margin and Binance Futures will be delisting BUSD in accordance with the following timelines. ‼️
•At 2023-12-01 06:00 (UTC), Binance Margin will suspend BUSD/USDT isolated margin borrowing.
•At 2023-12-11 09:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement and cancel all pending orders on the BUSD/USDT and TUSD/BUSD cross margin pairs, as well as the BUSD/USDT isolated margin pair. If users have any outstanding Cross Margin or Isolated Margin loans, both the delisted assets and any other assets held in their Cross and Isolated Margin accounts may be sold to repay the outstanding liabilities. These pairs will then be removed from Cross Margin and Isolated Margin.
•Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2023-12-11 09:00 (UTC). Binance Margin will not be responsible for any potential losses.
•Portfolio Margin users are advised to transfer the tokens mentioned above out of their Margin Wallet to their Spot Wallet and to top up their margin balance before 2023-12-11 09:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that may result from the removal of the tokens mentioned above from the Margin Wallet.
•All BUSD balances in Cross Margin Wallets under the Portfolio Margin account will be automatically converted to USDT from 2023-12-11 09:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds.
#binance #busd
•At 2023-12-01 06:00 (UTC), Binance Margin will suspend BUSD/USDT isolated margin borrowing.
•At 2023-12-11 09:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement and cancel all pending orders on the BUSD/USDT and TUSD/BUSD cross margin pairs, as well as the BUSD/USDT isolated margin pair. If users have any outstanding Cross Margin or Isolated Margin loans, both the delisted assets and any other assets held in their Cross and Isolated Margin accounts may be sold to repay the outstanding liabilities. These pairs will then be removed from Cross Margin and Isolated Margin.
•Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2023-12-11 09:00 (UTC). Binance Margin will not be responsible for any potential losses.
•Portfolio Margin users are advised to transfer the tokens mentioned above out of their Margin Wallet to their Spot Wallet and to top up their margin balance before 2023-12-11 09:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that may result from the removal of the tokens mentioned above from the Margin Wallet.
•All BUSD balances in Cross Margin Wallets under the Portfolio Margin account will be automatically converted to USDT from 2023-12-11 09:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds.
#binance #busd
#writewearn
#notcoin
#busd
#bnb
Notcoin trading opens May 16, 12pm UTC
Everything before that can only help you lose money
#notcoin
#busd
#bnb
Notcoin trading opens May 16, 12pm UTC
Everything before that can only help you lose money
BINANCE NFT MARKETPLACE: A NEW ERA FOR ART!
Revolutionizing the World of Art and Collectibles!
Binance NFT Marketplace is thrilled to introduce a new era for art, where creators, collectors, and enthusiasts can come together to buy, sell, and trade unique digital art pieces!
What is Binance NFT Marketplace?
Binance NFT Marketplace is a cutting-edge platform that enables artists to mint, showcase, and sell their digital art pieces as Non-Fungible Tokens (NFTs). With its seamless user experience, robust security, and low fees, Binance NFT Marketplace is poised to revolutionize the art world!
Key Features:
- Exclusive Art Pieces: Discover unique digital art pieces from renowned artists, emerging talents, and even AI-generated art!
- Verified Creators: Ensure authenticity and trust with our verified creator program, featuring top artists and brands!
- Community Engagement: Join discussions, participate in auctions, and engage with fellow art enthusiasts and collectors!
- Secure and Transparent: Enjoy a secure and transparent platform, built on blockchain technology, ensuring ownership and provenance!
Supported Coins:
- Binance Coin ($BNB ): The native cryptocurrency of Binance, used for transaction fees, staking, and more!
- Ethereum ($ETH ): A popular cryptocurrency for buying, selling, and trading NFTs!
- #BUSD : A stablecoin pegged to the US dollar, providing a stable store of value for NFT transactions!
- Polygon (MATIC): A fast and scalable cryptocurrency for NFT transactions, with low fees and high security!
Benefits for Artists:
- Global Exposure: Showcase your art to a global audience, increasing visibility and recognition!
- Monetize Your Art: Sell your digital art pieces as NFTs, earning revenue and royalties!
- Creative Freedom: Maintain control over your art, with flexible pricing, royalty rates, and more!
Benefits for Collectors:
- Rare and Unique Art: Acquire exclusive digital art pieces, verified by blockchain technology!
- Investment Opportunities: Invest in emerging artists, trends, and styles, potentially earning long-term value!
Revolutionizing the World of Art and Collectibles!
Binance NFT Marketplace is thrilled to introduce a new era for art, where creators, collectors, and enthusiasts can come together to buy, sell, and trade unique digital art pieces!
What is Binance NFT Marketplace?
Binance NFT Marketplace is a cutting-edge platform that enables artists to mint, showcase, and sell their digital art pieces as Non-Fungible Tokens (NFTs). With its seamless user experience, robust security, and low fees, Binance NFT Marketplace is poised to revolutionize the art world!
Key Features:
- Exclusive Art Pieces: Discover unique digital art pieces from renowned artists, emerging talents, and even AI-generated art!
- Verified Creators: Ensure authenticity and trust with our verified creator program, featuring top artists and brands!
- Community Engagement: Join discussions, participate in auctions, and engage with fellow art enthusiasts and collectors!
- Secure and Transparent: Enjoy a secure and transparent platform, built on blockchain technology, ensuring ownership and provenance!
Supported Coins:
- Binance Coin ($BNB ): The native cryptocurrency of Binance, used for transaction fees, staking, and more!
- Ethereum ($ETH ): A popular cryptocurrency for buying, selling, and trading NFTs!
- #BUSD : A stablecoin pegged to the US dollar, providing a stable store of value for NFT transactions!
- Polygon (MATIC): A fast and scalable cryptocurrency for NFT transactions, with low fees and high security!
Benefits for Artists:
- Global Exposure: Showcase your art to a global audience, increasing visibility and recognition!
- Monetize Your Art: Sell your digital art pieces as NFTs, earning revenue and royalties!
- Creative Freedom: Maintain control over your art, with flexible pricing, royalty rates, and more!
Benefits for Collectors:
- Rare and Unique Art: Acquire exclusive digital art pieces, verified by blockchain technology!
- Investment Opportunities: Invest in emerging artists, trends, and styles, potentially earning long-term value!
#TradeNTell #busd #BTC The indicator worked perfectly for Bitcoin, capturing all fluctuations. It seems Bitcoin has decided to initiate an upward correction, likely within the range of 41800-43600, as indicated by the indicator signal.
#BUSD $USDC
Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure.
The BUSD supply decreased by more than 6% since Monday.
Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday.
Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday.
Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure.
The BUSD supply decreased by more than 6% since Monday.
Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday.
Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday.
Binance Will Cease Support Of BUSD In December: Here's What You Need To Know!!
Binance is ceasing its support for the BUSD stablecoin after Paxos, the stablecoin's issuer, was ordered to stop minting the token earlier this year.
Binance has set the date of December 15 for the stopping$BUSD support, although it had previously announced plans in August to gradually phase out support by February 2024.
During this transition, Binance is encouraging users to convert $BUSD holdings to another stablecoin called $FDUSD #fdusd with zero fees for the conversion.
While Binance is discontinuing its support for BUSD, Paxos has affirmed that it will continue to support and redeem the #Stablecoins until at least February 2024.
This decision stems from an order by the New York Department of Financial Services in February of this year, which directed Paxos to halt the issuance of #busd
Amidst these developments, U.S. authorities have been increasingly assertive in their efforts to regulate the #cryptocurrency industry, including initiatives aimed at Binance.
Recently, Binance agreed to a substantial fine of over $4 billion, and its CEO Changpeng Zhao @CZ departed from his position after pleading guilty to willfully violating the Bank Secrecy Act.
BUSD, launched in 2019 by Binance and Paxos, is a stablecoin pegged to the U.S. dollar and had at one point ranked as the third largest stablecoin on the market, boasting a total supply of over $16 billion.
Notably, Paxos has announced its intention to issue a USD-backed stablecoin named #PYUSD for the traditional fintech company PayPal.
Binance has set the date of December 15 for the stopping$BUSD support, although it had previously announced plans in August to gradually phase out support by February 2024.
During this transition, Binance is encouraging users to convert $BUSD holdings to another stablecoin called $FDUSD #fdusd with zero fees for the conversion.
While Binance is discontinuing its support for BUSD, Paxos has affirmed that it will continue to support and redeem the #Stablecoins until at least February 2024.
This decision stems from an order by the New York Department of Financial Services in February of this year, which directed Paxos to halt the issuance of #busd
Amidst these developments, U.S. authorities have been increasingly assertive in their efforts to regulate the #cryptocurrency industry, including initiatives aimed at Binance.
Recently, Binance agreed to a substantial fine of over $4 billion, and its CEO Changpeng Zhao @CZ departed from his position after pleading guilty to willfully violating the Bank Secrecy Act.
BUSD, launched in 2019 by Binance and Paxos, is a stablecoin pegged to the U.S. dollar and had at one point ranked as the third largest stablecoin on the market, boasting a total supply of over $16 billion.
Notably, Paxos has announced its intention to issue a USD-backed stablecoin named #PYUSD for the traditional fintech company PayPal.
The purpose of the smart contract is to automatically redirect funds from incoming transactions to the wallets of other participants, according to marketing program rules.
#forsageofficial #BNB #BUSD
#forsageofficial #BNB #BUSD
Sure! Here's an overview of **Matic (Polygon)** and **BUSD (Binance USD)**:
### **Matic (Polygon)**
- **Overview**: Matic, now known as Polygon, is a Layer 2 scaling solution for Ethereum. It aims to improve the scalability of Ethereum by offering faster and cheaper transactions while maintaining security.
- **Key Features**:
- **Layer 2 Scaling**: Polygon uses a Proof-of-Stake (PoS) sidechain to process transactions off the main Ethereum chain, reducing congestion and fees.
- **Interoperability**: Polygon supports multiple Layer 2 solutions like Plasma, Optimistic Rollups, and zk-Rollups, making it a versatile platform for developers.
- **Ecosystem**: It has a growing ecosystem of decentralized applications (dApps), including DeFi, NFTs, and gaming platforms.
- **Use Cases**:
- Facilitating faster and cheaper transactions on Ethereum.
- Supporting the development of dApps.
- Providing a framework for connecting multiple blockchain networks.
### **BUSD (Binance USD)**
- **Overview**: BUSD is a stablecoin issued by Binance and regulated by the New York State Department of Financial Services (NYDFS). It’s pegged 1:1 to the US dollar, making it a stable store of value in the volatile crypto market.
- **Key Features**:
- **Stability**: BUSD is backed by US dollars held in reserve, ensuring that 1 BUSD equals 1 USD.
- **Regulation**: It is one of the few stablecoins regulated by a financial authority, adding a layer of trust and security.
- **Usage**: Widely used on Binance and other exchanges for trading, lending, and borrowing, as well as in the broader DeFi ecosystem.
- **Use Cases**:
- Acting as a safe haven during market volatility.
- Facilitating seamless trading on Binance and other exchanges.
- Serving as collateral in DeFi platforms and lending protocols.
#BecomeCreator #matic #busd
### **Matic (Polygon)**
- **Overview**: Matic, now known as Polygon, is a Layer 2 scaling solution for Ethereum. It aims to improve the scalability of Ethereum by offering faster and cheaper transactions while maintaining security.
- **Key Features**:
- **Layer 2 Scaling**: Polygon uses a Proof-of-Stake (PoS) sidechain to process transactions off the main Ethereum chain, reducing congestion and fees.
- **Interoperability**: Polygon supports multiple Layer 2 solutions like Plasma, Optimistic Rollups, and zk-Rollups, making it a versatile platform for developers.
- **Ecosystem**: It has a growing ecosystem of decentralized applications (dApps), including DeFi, NFTs, and gaming platforms.
- **Use Cases**:
- Facilitating faster and cheaper transactions on Ethereum.
- Supporting the development of dApps.
- Providing a framework for connecting multiple blockchain networks.
### **BUSD (Binance USD)**
- **Overview**: BUSD is a stablecoin issued by Binance and regulated by the New York State Department of Financial Services (NYDFS). It’s pegged 1:1 to the US dollar, making it a stable store of value in the volatile crypto market.
- **Key Features**:
- **Stability**: BUSD is backed by US dollars held in reserve, ensuring that 1 BUSD equals 1 USD.
- **Regulation**: It is one of the few stablecoins regulated by a financial authority, adding a layer of trust and security.
- **Usage**: Widely used on Binance and other exchanges for trading, lending, and borrowing, as well as in the broader DeFi ecosystem.
- **Use Cases**:
- Acting as a safe haven during market volatility.
- Facilitating seamless trading on Binance and other exchanges.
- Serving as collateral in DeFi platforms and lending protocols.
#BecomeCreator #matic #busd
📢 Binance announces the cessation of support for BUSD on December 15 (local time). All BUSD spot trading pairs will be removed from the platform on December 15. BUSD withdrawals will also be suspended from 12:00 PM (Korean time) on December 31, with user balances (excluding certain countries) automatically converted to FDUSD. Paxos plans to provide technical infrastructure and dollar redemption for BUSD by February 2024. 🚫💱 #BinanceCEO #busd #CryptoNews
🚨 100M $BUSD Rockets from Binance to 0XA99 in 50 Mins! ⏰ Act Fast as BUSD Support Ends by February 2024! 🌐💸
⏰ Just 50 minutes ago, a whopping 100,000,000 #busd (equivalent to 100,445,901 USD) was on the move! 🚨 The transfer took place from #Binance to the wallet "0XA99." Check out the details:
👛 Wallet Address: Recipient's Wallet
0xa995910658808c859623c0fe2ff53e432a236739
🔗 Transaction Hash:
0x119be4f58a366946cf7ca760755b61dfdd8a53db8f8b40f1a002270476b7696a
📢 Important Note: As announced, Binance and Paxos will cease support for #BUSD token. Users are encouraged to swap their BUSD to other #Stablecoins or assets before February 2024. ⚠️ Stay informed and plan your moves accordingly!
🚨 Disclaimer: Cryptocurrency transactions are subject to risk. This information is provided for informational purposes only. Always conduct thorough research before making any financial decisions. 🚨
😍 A small LIKE and FOLLOW, Motivates me a lot 😍
⏰ Just 50 minutes ago, a whopping 100,000,000 #busd (equivalent to 100,445,901 USD) was on the move! 🚨 The transfer took place from #Binance to the wallet "0XA99." Check out the details:
👛 Wallet Address: Recipient's Wallet
0xa995910658808c859623c0fe2ff53e432a236739
🔗 Transaction Hash:
0x119be4f58a366946cf7ca760755b61dfdd8a53db8f8b40f1a002270476b7696a
📢 Important Note: As announced, Binance and Paxos will cease support for #BUSD token. Users are encouraged to swap their BUSD to other #Stablecoins or assets before February 2024. ⚠️ Stay informed and plan your moves accordingly!
🚨 Disclaimer: Cryptocurrency transactions are subject to risk. This information is provided for informational purposes only. Always conduct thorough research before making any financial decisions. 🚨
😍 A small LIKE and FOLLOW, Motivates me a lot 😍
🚨 BUSD Market Update – January 31, 2025 🚨
🔹 Current Price: $0.983 (-1.89%)
🔹 24h High/Low: $1.011 / $0.969
🔹 Stablecoin Peg: 1:1 USD (Slight Deviation)
📉 BUSD has seen minor fluctuations, trading below its $1 peg. Binance has discontinued support for BUSD, advising users to convert or withdraw holdings.
⚠️ Important Notice: Binance ceased BUSD support in December 2023. Traders should consider alternative stablecoins for transactions.
📊 Stay updated & trade wisely!
#BUSD #crypto #Stablecoin #Binance #trading
🔹 Current Price: $0.983 (-1.89%)
🔹 24h High/Low: $1.011 / $0.969
🔹 Stablecoin Peg: 1:1 USD (Slight Deviation)
📉 BUSD has seen minor fluctuations, trading below its $1 peg. Binance has discontinued support for BUSD, advising users to convert or withdraw holdings.
⚠️ Important Notice: Binance ceased BUSD support in December 2023. Traders should consider alternative stablecoins for transactions.
📊 Stay updated & trade wisely!
#BUSD #crypto #Stablecoin #Binance #trading
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