🤔 New to crypto? Ask questions with #CryptoAMA hashtag, get answers, and earn rewards! 🧠 Crypto expert? Share your expertise by answering questions in the comments and get rewarded too!
Join our 'Ask Us Anything Crypto' campaign and get up to $5,500 in USDC rewards!
Campaign Period: 2024-10-29 00:00 to 2024-11-20 23:59 (UTC)
How to Participate
For Creators Posting Questions:
1. Have a question about crypto? Post it on Binance Square with the #CryptoAMA hashtag;
2. Get Rewarded! Once you ask a question, you become eligible for an equal share of the 5,000 USDC reward pool, along with users answering questions in the comment section under your posts.

For Creators Answering Questions:
1. Respond with an answer in the comment section of posts with crypto questions tagged #CryptoAMA
2. Get Rewarded: Relevant answers posted in the comment section are eligible for an equal share of the 5,000 USDC reward pool, along with users asking questions;
3. Top 100 Answers: The top 100 answers with the highest like count will split a 500 USDC prize pool, capped at $5 USDC per answer.

Rewards:
Main Reward Pool: All eligible participants share a 5,000 USDC reward pool. Rewards are capped at 5 USDC per person.Top 100 Reward Pool: The top 100 answers with the highest like count will split a 500 USDC prize pool, capped at $5 USDC per answer.

Eligibility: 
Posts must not feature any other hashtags to qualify for the reward;Make sure to post your answers in the comment section of the posts using only the hashtag #CryptoAMA
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. Submissions will be evaluated by a panel from the Binance Square team based on topic relevance, formatting, quality, factual sourcing, and originality. Content must also align with the Campaign Rules. Any content involving hashtag abuse will be disqualified.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 Activity 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.
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🔔 MARKET MOVING NEWS! (24/12/24)

1️⃣ MicroStrategy Buys Over 5,000 $BTC For $561 Million, Bringing Total Holdings To 444,262 BTC 💸
#MicroStrategу
Business intelligence firm MicroStrategy reportedly acquired an additional 5,262 BTC between Dec. 16 and 22 for approximately $561 million at an average price of $106,662 per BTC. This brings the firm’s total holdings to 444,262 BTC (currently worth over $40 billion). The latest Bitcoin purchase follows a series of massive BTC buys in December. In the past three weeks, MicroStrategy purchased a total of 42,162 BTC, which is now worth $4 billion.

2️⃣ IRS Calls Crypto Staking Taxable in Response to Legal Challenge ❓
#IRSReporting
The United States Internal Revenue Service (IRS) has reportedly reiterated its position that rewards from crypto staking activities do not constitute new property. The IRS stated that staking rewards become taxable as soon as they are generated as block rewards. Notably, this position comes as the IRS opposes a second lawsuit brought by Joshua Jarrett and his wife, Jessica Jarrett who sought to defer taxes until rewards are sold or exchanged. The IRS cited its 2023 guidance, which claims block rewards are classified as “income” from the moment they are created, with tax based on the estimated market value of the tokens at the time.

3️⃣ Crypto.com Launches Polymarket-Style Sports Prediction Market In The US ‼️
#crypto.com
Crypto exchange Crypto.com is reportedly launching a sports prediction market platform in the U.S., offering users the chance to bet on the outcomes of sporting events like the National Football League's Super Bowl. The company stated that the platform is a CFTC-regulated derivatives trading feature available in the Crypto.com App and on the Crypto.com Web.

Matt David, the company's Chief Communications Officer, stated,

Sports have been an important part of our brand, from F1 to UFC to the Crypto.com Arena, and this is a great opportunity to engage those sports fans on the Crypto.com app.

4️⃣ Hyperliquid Token Plunges 21% Amid Fears of Looming North Korea Hack 🔽

DeFi platform Hyperliquid reportedly suffered its largest single-day outflow after security experts highlighted that a crypto wallet associated with a North Korean hacking group recently lost nearly $500,000 on the platform. According to MetaMask’s Taylor Monahan, the recent activity was almost definitely an attempt to identify potential security weaknesses on the platform. Monahan also noted that North Korean hackers had been using the platform as early as October.

5️⃣ FBI, Japan Expose North Korea’s $305M DMM Exchange Hack Details 🔍
#FBIInvestigation
The US Federal Bureau of Investigation (FBI), the Department of Defense Cyber Crime Center (DC3) and the National Police Agency of Japan (NPA) have reportedly published a report that reveals how malicious actors stole over $300 million from the Japanese crypto exchange DMM in May. The report claims the theft is linked to threat activities by the North Korea-affiliated group TraderTraitor. The FBI stated that the group masqueraded as a recruiter on LinkedIn in March. It used this fake identity to compromise an employee at the Japan-based crypto wallet company Ginco. This allowed the hacker to gain access to Ginco’s communications system. The agency said the hackers “likely used this access to manipulate a legitimate transaction request by a DMM employee.”
#CryptoAMA

💡 Can gold traders control gold prices despite the dollar's volatility?!
📊 The price of gold is mainly affected by the global dollar price, but do local traders have a role in controlling it?
🔍 The truth:
1️⃣ Global factors:
- Gold prices are determined globally according to the movement of the dollar and the price of an ounce on global stock exchanges.
2️⃣ The role of traders:
- Traders do not control the basic price, but they affect the manufacturing cost, which raises the final selling price.
3️⃣ Local dollar volatility:
- It affects the price of gold in the local market, but the greatest impact remains for global stock exchanges.
✨ Golden advice:
• To ensure a fair price, follow global gold prices and check the manufacturing cost before buying.
#ChristmasMarketAnalysis #BTCNextMove #USUALAnalysis #CryptoAMA #GOLD_UPDATE