BINANCE In Troubled Waters 🧲🧲🧲🧲

The federal Court in Nigeria 🇳🇬 has directed Binance to disclose the identities and transactions of the most prominent users in Nigeria.

DOGWIFHAT (wif) EXPLAINED
Dogwifhat (WIF) is a cryptocurrency that was created in 2023. It is a decentralized memecoin that is based on the Doge meme. Dogwifhat is not backed by any real-world assets, and its value is based solely on speculation.

The WIF format is a way to store private keys for Dogwifhat wallets. A private key is a secret number that lets you access your Dogwifhat funds. You can use a WIF to import your private key into a Dogwifhat wallet or to export it to a secure location.

How Dogwifhat Works

Dogwifhat is a memecoin, which means that it is based on a popular internet meme. It is a decentralized cryptocurrency, which means that it is not controlled by any central authority. Instead, a community of users who own Dogwifhat tokens govern the network.

Dogwifhat uses the Binance Smart Chain (BSC) blockchain, which is a more scalable and energy-efficient alternative to the Ethereum blockchain. This makes Dogwifhat more suitable for everyday transactions.

The supply of Dogwifhat is capped at 100 billion tokens. This means that there is a finite amount of Dogwifhat that will ever be created. This can help to maintain the value of the coin over time.

WIF has a variety of uses. These include:

Payments: Dogwifhat can be used to buy goods and services online and in person. Some businesses are already accepting Dogwifhat as payment, and this number is expected to grow in the future.
Staking: WIF can be staked to earn rewards. Staking is the process of locking up your Dogwifhat tokens in order to support the network and earn rewards in return.
Governance: Dogwifhat holders can vote on proposals to change the way the network is governed. This gives Dogwifhat holders a say in the future of the project.
Dogwifhat Attention Tracker

Dogfiwhat Google search volume
Dogwifhat Google search volume for the last 90 days. | Credit: Google
Here is a chart for the Dogwifhat Google search volume for the past 90 days. This represents how many times the term “Dogwifhat WIF” has been Googled over the previous 90 days.
#WIF
$WIF

BEAR SEASON FOR $LUNC $FLOKI $SHIB

Dear Binancian,

Binance will discontinue all Nigerian Naira (NGN) services as per the timeline below.

Users are encouraged to withdraw NGN, trade their NGN assets or convert NGN into crypto prior to the discontinuation of these NGN services.

This affects NGN services only, you can continue to make use of services and products for other available cryptocurrencies.

Binance will not support deposits of NGN after 2024-03-05 14:00 (UTC).
Binance Auto-Invest will delist NGN after 2024-03-06 03:00 (UTC).
Binance will remove NGN from the list of supported payment options on Binance Pay at 2024-03-06 03:00 (UTC).
Binance Convert will delist NGN and all corresponding pairs at 2024-03-07 02:00 (UTC).
NGN Spot Trading pairs (i.e.,BTC/NGN and USDT/NGN) will be delisted at 2024-03-07 03:00 (UTC).
Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC).
Binance will convert any remaining NGN balances in users’ Spot and Funding wallets into USDT on behalf of users at a ratio of 1 USDT = 1,515.13 NGN after 2024-03-08 08:00 (UTC).

Please note;

Please note that the conversion rate is calculated based on the average closing price of the USDT/NGN trading pair on Binance Spot in the last seven days.
The conversion may take approximately up to 24 hours or longer. USDT tokens will be credited to users’ Spot wallets thereafter, and users can confirm receipt of the tokens via the Convert History page.
If users hold less than 0.00000001 USDT worth of NGN in their Spot and Funding wallets, they will each receive 0.00000001 USDT in their Spot wallets after the conversion.

BINANCE RESPONSE TO NIGERIA GOVERNMENT !!!!!

Binance to discontinue naira services

Cryptocurrency giant Binance has said it will discontinue all its naira services, days after two of its officials were detained in Nigeria.

The world’s biggest cryptocurrency exchange has already told its Nigerian users to either withdraw their naira deposits, trade their assets denominated in the currency or convert their naira holdings into crypto before the discontinuation comes into effect on Friday.

“From 2024-03-08 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT,” Binance said in a statement posted on its website on Tuesday.

$BONK Pros and Cons of BONK

Is BONK a good crypto investment? What are the pros and cons of BONK? Let’s find out.

Pros:

BONK is listed on popular centralized exchanges (CEX), including Coinbase, Binance, and KuCoin
BONK is part of a Solana ecosystem that is growing in popularity as an alternative to Ethereum
BONK has seen incredible price action in 2023, over 10,000%
The token will be the center of a growing BONK ecosystem of dApps
BONK ecosystem launched a decentralized exchange (DEX) called BonkSwap in November 2023
BONK can be used to earn interest by providing liquidity on BonkSwap

Cons

BONK has a high total supply of 100 trillion coins.
Meme coins tend to experience fading hype as new meme coins come up.
Meme coins face high market volatility.
There is no information about the team behind BONK.
BONK has limited utility.

FLOKI Grows Over 300% As Memecoin Breaches $400 Million TVL – Details
Mar 4, 202411:09 GMT+1

BTCUSD
+3.01%

FLOKIUSD
+4.46%
Floki Inu (FLOKI), a canine-themed cryptocurrency, has witnessed a remarkable surge in its price, capturing the attention of investors, traders, and enthusiasts alike. The coin’s value has experienced a sharp increase, with the past 24 hours alone seeing a surge of over 50%.

FLOKI Tallies An Impressive 336% Weekly Gain

However, it is the weekly timeframe that has truly astounded market observers, as FLOKI recorded an impressive rally of 336%. This surge in price comes on the heels of a community-backed proposal to burn 2% of the token’s supply.

The proposal to burn tokens was met with overwhelming support from the community, with nearly 90% of votes favoring the initiative. The top voter staked a staggering 117 billion tokens, demonstrating the belief in the long-term security and stability of the Floki project.

The burn event is scheduled to take place after a seven-day period, and its purpose is to minimize the risks associated with token exploitation and dumping, thereby ensuring the project’s sustainability.

Social Media Buzz And Positive Sentiment

An investigation by NewsBTC has revealed a surge in social media mentions for Floki Inu in recent days, indicating the continued popularity of the meme coin within the cryptocurrency community.

Moreover, a rise in weighted sentiment suggests that positive views towards the token prevail at the time of writing. This growing social media buzz and optimistic sentiment have played a role in attracting attention to Floki Inu and contributing to its meteoric rise in value.

FLOKI Total Value Locked Soars

Meanwhile, Floki has reached a noteworthy accomplishment. Total Value Locked (TVL) across its ecosystem goods has exceeded $400 million. This accomplishment follows the cryptocurrency’s all-time high of $366 million, which showed its quick rise and investor appeal.

#TrendingTopic
#Write2Earn‬
#FLOKI $FLOKI

Floki Inu Explained: A Movement And A Meme-Coin In One

Floki Inu, originally named after Elon Musk’s beloved Shiba Inu pup, has gained significant popularity as a meme-based cryptocurrency. But it’s not just a joke—the project’s three-pillar philosophy, composed of its meme status, utility, and charitability, helps it stand out from the thousands of meme-coins flooding the market.

What Is Floki Inu?
Floki is a cryptocurrency that initially started as a meme-coin based on Elon Musk’s dog but has evolved to become a fully-fledged web3 project spanning decentralized finance, NFTs and the Metaverse. Now referred to as “The People’s Crypto”, the team behind the Floki project have turned a once useless meme-coin into something more.

The token associated with the project, FLOKI, is a multi-chain token that operates on both the Ethereum and Binance Smart Chain (BSC) blockchains, as it is both ERC-20 and BEP-20 compliant. FLOKI tokens can be bridged between the two chains easily, allowing FLOKI holders to use either blockchain to store and transact with their tokens.

It is worth noting that FLOKI has an encoded 3% tax imposed on buying and selling the token but not on the transfer between the two chains. This tax is directed to the Floki Inu treasury, which the project claims will be used to develop the ecosystem further and increase the adoption of Floki. According to the white paper, the team will reduce the tax once the treasury has accumulated enough funds. However, there is no specific target or indication of when this will happen, or how much it would be lowered

The History Of Floki Inu
The birth of the Floki Inu coin can be traced back to June 2021, when Elon Musk tweeted that he would be naming his pet Shiba Inu “Floki.” Initially, the project started as a dog-themed meme coin, much like Dogecoin, and was known as Floki Inu. However, as the project grew from a meme-coin into something more substantial, the team rebranded to “Floki”.

EU pushing for regulation

Hungary’s legislation reflects a collective European interest in establishing a regulatory framework that is technology-neutral and can integrate crypto into the financial system without compromising security or compliance standards.

This could encourage similar legislative efforts throughout Europe, as countries aim to align with EU directives and foster innovation within their financial sectors.

The potential integration of cryptocurrencies into mainstream financial services suggests a shift in investment patterns, efficiency in transactions, and broader financial inclusion. Such a change could have far-reaching implications for Hungary’s economy and possibly influence the European financial landscape.
#Write2Earn‬
#SHIBA_INU

HUNGARY 🇭🇺 IS READY FOR CRYPTO

Hungary issues draft law allowing banks to offer crypto services
The bill aims to establish a comprehensive regulatory framework for cryptocurrency
Hungary issues draft law allowing banks to offer crypto services
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Ads by HypeLab
Hungary is advancing a legislative proposal that would enable banks, investment funds, and asset managers to offer services in Bitcoin and other cryptocurrencies, according to a March 1 report by Bloomberg Law.

The initiative marks a significant development in Hungary’s financial sector, aligning with a broader European movement towards the adoption of digital assets.

Should the Hungarian bill be enacted, it would represent a notable step forward in allowing traditional financial institutions to incorporate crypto services. The laws are scheduled to come into force on June 30 if they are approved.

Draft legislation

The draft legislation, proposed by the Hungarian Ministry of Economy, aims to create a regulatory framework for digital assets, with the Hungarian central bank serving as the primary supervisor.

The move is indicative of Hungary’s efforts to comply with the EU’s regulatory standards, including the Markets in Crypto Assets Regulation (MiCA) and stricter anti-money laundering and counter-terrorism financing measures.

According to Norton Rose Fulbright’s 2024 FinTech Outlook, such regulatory developments are part of a wider trend toward recognizing the importance of digital currencies in the financial industry.

The Hungarian bill is seen as a response to the EU’s efforts to harmonize regulations for crypto-assets, as the European Securities and Markets Authority (ESMA) continues to consult on the classification of crypto-assets and the details of reverse solicitation under MiCA.

The inclusion of cryptocurrencies in the offerings of banks and other financial institutions marks a critical transition toward the future of finance.#Write2Earn‬

READ ABOUT THE FUTURE OF MEMECOINS

We are going to reach some serious levels of mental retardation for memecoins this cycle

Think of the Memecoin ecosystem as essentially a Skill-based Global Lottery Platform. Players get to decide which lottery brand they want to buy tickets in, but the payouts and odds aren't the same. That's where the skill comes in - the jackpot winners don't come from pure luck, but ability and everyone believes that they can find the next winner. And the more people that they get to buy the same tickets at them, the more likely they and their friends win - that's the best feeling - winning together. It's a mullti player money game with virality built in.

Study the scale of the traditional global lottery industry. It generated $300 billion in sales in 2020 - with half the population of the US playing. Now imagine the valuations of memecoins if a capital injection of that scale were to flow into them.

Last cycle was actually the test pump for memecoins - kind of like bitcoin's test run to $100-1000. This time we get the real pump after there's been a cycle proving their product market fit, how they've changed lives and increasing global acceptance.

I believe that memecoins are going to outperform everything else in crypto by a wide margin. The masses won't care about the 4th liquid restaking derivative or whatever fancy new technology that results in some benefit in throughput. They won't fall for the 10000th DeFi farm which even retail know are self referential ponzi like house of cards. Memecoins are just a much more pure and upfront speculative vehicle. Those that are overweight DeFi/L1s are at massive underperformance risk. Could very well see $ETH moving 50% from here while memecoins return 5-100x in size.

This cycle, we will see a new generation of new money memecoin elites being minted just like many of the old guard/whales were minted with $BTC, $ETH , $SOL

LEARNING ABOUT #FLOKI PLANS FOR YOU

Floki has an ambitious goal of becoming the world’s most known and most used cryptocurrency. We know that for this to happen we need to be aggressive about creating innovative utility solutions and strategic in pushing for their adoption.
This roadmap highlights our focus for 2023 and allows the Floki community to see what our plans are for the year and keep track as we work through the different phases.
Please note that while we’ve had this roadmap internally since the beginning of the year we’re only just releasing it publicly. As a result, some of the things listed in phase 1 might have been completed.
Phase 1
COMPLETED
Shop Floki launch: Launch of Floki’s merch store, Shop Floki, to the public. Floki Vikings and their loved ones will be able to buy Floki merch with crypto and fiat.
Binance Pay partnership: Partnership with leading crypto industry payments solution Binance Pay. Binance Pay is an arm of Binance, the number one crypto brand in the world and the largest crypto exchange. This partnership will help Floki facilitate crypto payments mainly through our merch store.
Valhalla Website Upgrade: We will release an upgraded version of the Valhalla website.
Chinese Whitepaper: Introduction of a Chinese version of the Floki whitepaper to position Floki to onboard millions of Chinese crypto users.
Introduction of the Floki “China Plan”: Launch of a strategic Chinese marketing campaign aimed at introducing Floki and our flagship utility project Valhalla to millions of crypto users in China. This includes a partnership with China’s biggest crypto social media platform.
Partnership with Pyth Network (Major Oracle Solution): Partnership with major decentralized oracle solution Pyth Network. This oracle solution will set up a FLOKI price feed that allows DeFi protocols to easily integrate Floki. This enhances the utility value of the FLOKI token and allows FLOKI token holders to access more DeFi facilities.
IN PROGRESS

#Write2Earn‬

Today’s class is about BNB

What Is BNB Chain?

Key Takeaways

• BNB Chain is a decentralized blockchain
ecosystem focused on providing a robust
infrastructure for the Web3 economy.
• BNB Chain offers a diverse range of
services, promoting decentralized data
management, layer-2 scaling, and
innovative solutions for the world of
decentralized finance (DeFi).
• This article explores BNB Chain's
transformative journey, from its origins in
2017 to the present, showcasing its ability
to adapt and innovate.

Introduction

BNB Chain is a decentralized blockchain
ecosystem focused on Web3 economy,
infrastructure, and services. It offers a
variety of advanced tools and features for
users to explore the world of decentralized
finance (DeFi) and for developers to build
large-scale decentralized applications
(DApps).

A Brief History of BNB Chain

BNB Chain (formerly Binance Chain) was
created in 2019. At that point, the BNB utility

token (created in 2017) migrated from the
Ethereum network to become the native
token of the BNB Chain. That early version of
the BNB Chain is what we now call the BNB
Beacon Chain.
In 2020, the BNB Smart Chain (BSC) -
formerly Binance Smart Chain - was created
as a new blockchain to run in parallel to the
BNB Beacon Chain. BSC brought new
features and more flexibility through the use
of EVM-compatible smart contracts, leading
to an explosive growth of DApps and
services .

Here is my Wallet for a Tip, if you love what I wrote or want me to get more materials to improve.
BTC
bc1q5va7z9yn0addc6n4htxqqf90l2af3g4hsfm7vn

BNB

0x315434502CaF1AFfA64D84107521712F010DB692

#BTC
#WRITE2EARN

IF YOU ARE NEW TO CRYPTOCURRENCY READ THIS, ALSO DON’T FORGET TO COLLECT YOUR FREE CRYPTO AT THE END OF READING 📖

CRYPTOCURRENCY FOR BEGINNERS

• Cryptocurrency trading, or the buying and
selling of digital assets like Bitcoin and
Ethereum, has emerged as a dynamic and
potentially lucrative endeavor.

• For beginners, it's essential to understand
what makes cryptocurrency unique,
familiarize yourself with common trading
concepts such as order books, trading
pairs, and order types, and become
comfortable with technical analysis charts
and tools.

• This comprehensive guide will teach
beginners all this foundational knowledge and prepare you to embark on your crypto
trading journey.

What Is Cryptocurrency Trading?

Cryptocurrency trading, or the buying and
selling of digital assets like Bitcoin (BTC) and
Ethereum (ETH), has emerged as a dynamic
and potentially lucrative endeavor. As
cryptocurrencies continue to captivate
global interest and more institutional
investors join the sector, cryptocurrency
trading is gaining increasing popularity.

Cryptocurrency trading often aims to
capitalize on price fluctuations. Traders aim
to buy these cryptocurrencies when prices are low and sell when prices surge,
effectively profiting from the market's
volatility. This fast-paced landscape
presents both opportunities and challenges
for beginners.

Here is some free giveaway for reading, subscribe for more freebies !!

https://s.binance.com/4w0L2ve2Crypto Giveaway

#Write2Earn‬

HOW TO EARN ON BINANCE

Follow me and Tip for more Updates

Currently, as a streamer you have the following two options to monetize your content on Binance Live:

Gifts

Gifts are virtual goods that viewers can send to you during your live stream. These gifts have a monetary value in USDT and are purchased by viewers while watching your live stream, using funds from the donor's Spot Wallet.

Tips

Viewers can send tips in USDT while watching your stream, which are deducted from the tipper's Spot Wallet. You can find your total earnings under [Live Center] - [Total Rewards (USDT)].

#Write2Earn
#TrendingTopic

What is Binance Square?

What is Binance Square?
10:57 AM・May 18, 2023

Binance Square Official
Binance Square is a social networking content platform, where every user can share their thoughts, discover the latest news and trends, and participate in community discussions about anything and everything related to crypto and Web3.

How to use Binance Square in App?

App

App - Lite version: Tap the [Square] tab.
App - Pro Version: Scroll down on the app homepage to the [Discover] tab.

App Lite
App Pro
Simply tap any post to view the complete content. To follow a creator, tap [Follow] next to its account name.

How to use Binance Square on Website?

Go to [Square] at the top navigation bar, or click here to access it directly.

*Please note that Binance Square may not be available in your region.

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