MANILA — The Philippines will block access to cryptocurrency giant Binance, an official said Thursday, as part of a crackdown on online trading platforms operating in the country without licenses.The Securities and Exchange Commission (SEC) announced Tuesday that Binance was not registered in the Philippines and therefore not authorized to sell or offer securities in the country.Filipinos could withdraw their investments before access to Binance's platform and apps was blocked, which was expected to happen "within three months", it said.Other online trading platforms, including OctaFX and Mitrade, will be blocked in the coming months after the SEC found they were also operating without necessary licenses."We want to keep the investing public safe," SEC Commissioner Kelvin Lester Lee told AFP on Thursday."These entities were given a chance, multiple times, over the last few years to register... the fact that a lot of them chose not to do so, that implies something to us."The SEC also asked Google and Meta to stop Binance advertisements from appearing in the Philippines."We're not the only one doing this, a lot of other countries are doing the same thing," Lee said."If you're not registered, you'll automatically have a problem."Earlier this month, former Binance chief executive Changpeng Zhao resigned his post after he and the company pleaded guilty to sweeping US money laundering violations and agreed to fines of more than $4 billion.https://news.abs-cbn.com/business/11/30/23/philippines-to-block-access-to-crypto-giant-binance$BNB #BinanceTrends

Fellow binancians if you are in support of this suggestion below just like and share and vote Yes.....l think Binance should reconsider in more and frequent less expensive crypto launchpad because l believe binance has millions of registered members but most of us don't have enough amount of money to participate in some of the crypto launchpads on binance and if this happens for a long time those who don't have enough to invest will look for other alternative crypto site to invest and this could weaken the membership system of binance#BinanceTournament #BTC #BinanceTrends #Binance30k #binancians

#crypto #BinanceTrends The world of cryptocurrencies witnessed a seismic tremor this week as Binance, the industry's undisputed king, saw a staggering $956 million in outflows within 24 hours of CEO Changpeng Zhao's abrupt departure. This mass exodus, triggered by a combination of legal woes and leadership uncertainty, casts a shadow over Binance's future and raises critical questions about the stability of the entire crypto ecosystem.Zhao's decision to step down and face legal repercussions in the U.S. for anti-money laundering violations sent shockwaves through the crypto community. Investors, long accustomed to his charismatic leadership and Binance's seemingly invincible position, reacted with a wave of panic. The $956 million outflow, reported by data firm Nansen, represents a significant portion of Binance's total assets and indicates a deep-seated mistrust in the wake of recent events.Unpacking the Reasons for the Exodus:Regulatory Scrutiny: The U.S. Department of Justice's ongoing investigation into Binance, coupled with Zhao's guilty plea, has raised concerns about the exchange's compliance with anti-money laundering and know-your-customer (KYC) regulations. This uncertainty has spooked investors, prompting them to seek safer havens for their crypto assets.Leadership Vacuum: Zhao's departure leaves a significant void at the helm of Binance. Richard Teng, the newly appointed CEO, is a relatively unknown figure, and his ability to navigate the turbulent waters of regulatory scrutiny and regain investor confidence remains untested. This lack of clarity has further fueled anxiety and contributed to the outflows.Competitive Landscape: The crypto market is a fiercely competitive one, and Binance's recent turmoil has provided an opportunity for its rivals to capitalize. Exchanges like Coinbase and FTX are aggressively courting investors with improved security features and regulatory compliance measures, further enticing users to shift their assets away from Binance.Implications for the Crypto Market:The Binance outflow is not just a localized event; it has broader implications for the entire crypto market. It underscores the fragility of investor confidence in the face of regulatory uncertainty and leadership changes at major players. This could lead to a period of increased volatility and risk aversion, impacting the broader crypto landscape.

Solana excels Ethereum in terms of active users after a 70% surge.
Solana's Reign Begins!
#Solana dethrones #Ethereum as King of Active Users!
The number of daily active users on Solana has skyrocketed by 70%, officially surpassing Ethereum for the first time ever!
This is a monumental moment for Solana, solidifying its position as a leader in the blockchain space.
Here are some reasons why $SOL is surging:
⚡️ Blazing-fast transactions: Enjoy near-instantaneous transactions with Solana's incredible speed. ️
Low fees: Say goodbye to high gas fees and experience affordable transactions.
✨ Thriving ecosystem: Dive into a vibrant community of developers and projects building the future of finance.
Ethereum's Scaling Challenges: While Ethereum remains the dominant force in the crypto world, its scalability issues have long been a concern.
The network's congestion and high gas fees have created barriers for many users and stifled the growth of dApps.
The future is bright for #SOLPriceAnalysis
Are you ready to join the revolution?
Despite the recent milestone achieved by Solana, #EthereumEconomy remains a major player in the blockchain space and possesses significant potential to regain its leading position. Here are some steps Ethereum can take to improve its situation and address the challenges it currently faces:

$ETH can take to improve! Scaling Solutions:
Ethereum 2.0 (Eth2): This major upgrade implements sharding, a process that effectively divides the blockchain into smaller, more manageable pieces. This will significantly increase the network's transaction speed and capacity, addressing the current scalability issues.
Layer 2 scaling solutions: These are protocols built on top of the Ethereum blockchain that enable faster and cheaper transactions without compromising security. Examples include Optimistic Rollups and ZK-Rollups, which are already demonstrating promising results.
Fee Reduction:
EIP-1559: This Ethereum Improvement Proposal introduced a burning mechanism for a portion of the transaction fees, gradually reducing the overall amount of ETH in circulation and potentially leading to lower fees in the long run.
Dynamic Gas Fees: Implementing a system where gas fees automatically adjust based on network congestion could help mitigate spikes in fees and make the network more user-friendly.
Community Engagement:
Active communication: Regular updates and clear communication from the Ethereum Foundation and developers can foster trust and confidence among users and attract new participants to the ecosystem.
Collaboration with other projects: Working together with other blockchain projects and communities can drive innovation and create a more interconnected and interoperable ecosystem.
$JTO #BinanceTrends #BNB🔥

Binance founder CZ, facing legal challenges in the U.S. for AML violations, has chosen to stay in the country until sentencing. This unexpected move reflects his commitment to transparently engage with U.S. authorities, raising questions about Binance's future and CZ's role. Despite having options to return to a more favorable jurisdiction, CZ's decision underscores a hands-on approach to addressing regulatory concerns. The crypto community closely watches this development, anticipating how Binance navigates legal challenges and adapts to evolving regulatory standards, both in the U.S. and globally. The impact on Binance's operations outside the U.S. remains uncertain, with potential consequences for its global user base and the broader cryptocurrency market. CZ's choice signals a significant development in Binance's legal saga, leaving the community awaiting updates and considering the exchange's ability to comply with international laws amid increasing regulatory scrutiny.#BinanceTrends