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- Protecting the Binance hydrator at all costs.
- Productivity 🚀
- The towel comes everywhere with me...
- Free basic (grade 1-12 ish) education, for all.
No revenue.
Gamified.
Adaptive.
Read the Concept Paper at http://giggleacademy.com
- *After The Storm (Snippet)*
Isolated acoustic guitars from a mix in progress. Three guitar parts layered and panned, building on the rhythmic and melodic elements of the music.
Full song dropping soon! 🔊
Collect for 500 BONSAI
50% referral
Limit of 50
🌿🫶🏻✨
@lens/hey @lens/oohlala @lens/spinamp @lens/mixtape @lens/creators
#LMCC #Lens #Creators #OnchainMusic #OnchainSocial #StableDiffusion #AI
- Weekend adventures with the bag.
- Looks good.
- Binance bottle is the best bottle, pass it on.
- Facts
- Merry Christmas💫
- Exciting day at Binance Academy Brew in the Philippines!
Hosted during , we transformed a coffee shop into a crypto hub!
124 participants, 30% new users.
5 angels, 8 affiliates showed amazing support.
Community confidence in Binance soared.
- Wrong photo☺️
- This is probably based on only on-chain data.
But please don't FOMO.
Over 60,000 Bitcoin millionaires emerge in 2023, 3x more since January
https://finbold.com/over-60000-bitcoin-millionaires-emerge-in-2023-3x-more-since-january/
- Two-thirds of all bitcoin has not moved in over a year, an all-time high.
These people owned bitcoin when FTX blew up, and did not sell. They saw bitcoin rise more than 100% this year, and did not sell.
Do you expect them to sell now, before a bitcoin ETF is approved?
- What's the most innovative dApp in Web3?
- If you form your opinions from other peoples opinions, especially from online, you are doomed to be poor.
Get facts, then form your own opinions.
Ps. 99% of “facts” out there are opinions, assumptions, inaccurate, wrong, or deliberately false.
open your eyes.
- Who designed this bike?
- There was another hack of Mixin yesterday.
A "decentralised peer-to-peer network" has a "database" that, if hacked, loses half of its users' assets ......
Not everything that claims to be decentralised is decentralised.
- How can I get these?
The interns sends me pics to tweet, but not the actual merchandise…
- Learning Earning
- It was cool to see a lot of cats at the BinanceCat contest. Stay tuned!
- Individuals using the Internet (% of population):
Eritrea: 1
Somalia: 2
Uganda: 6
South Sudan: 7
Niger: 10
Ethiopia: 17
Bangladesh: 25
Pakistan: 25
Kenya: 30
Nigeria: 36
India: 43
Venezuela: 62
Indonesia: 62
Fiji: 69
South Africa: 70
Egypt: 72
Mexico: 72
China: 73
Italy: 75
Iran: 79
Brazil: 81
Turkey: 81
France: 86
Argentina: 87
Russia: 88
Australia: 90
Japan: 90
USA: 91
Germany: 91
Canada: 92
Austria: 93
Finland: 93
Spain: 94
UK: 95
Switzerland: 96
South Korea: 98
Denmark: 99
Norway: 99
Iceland: 100
UAE: 100
Saudi Arabia: 100
Interesting to learn internet adoption is only 60% so far.
- Binance Becomes the First Fully Licensed Crypto Exchange in El Salvador
Binance is pleased to announce that it has become the first fully licensed crypto exchange in El Salvador after being granted both a Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva) and the first non-provisional Digital Assets Services Provider license (DASP), by the National Commission of Digital Assets (Comisión Nacional de Activos Digitales).
This milestone achievement represents another step in Binance’s ongoing efforts to get local licenses and permissions in key markets worldwide. With this, the company has approvals and registrations in 18 markets worldwide, including France, Italy, Spain, Sweden, and Dubai, more than any other crypto exchange.
Min Lin, Binance Head of Latin America, commented: “We are honored to be granted this license, as Binance continues to work collaboratively with regulatory agencies around the world to support global standards for the crypto and blockchain industry. This announcement comes after many months of dedication from our team to provide all information and proceed with the necessary due diligence required by the agencies, showcasing our commitment to the Salvadoran market and our users. We are grateful to the Central Reserve Bank and the National Commission of Digital Assets. Their blockchain technology adoption has created a thriving sector in El Salvador that proves security and innovation are complementary assets. Now, it joins countries around the world that have granted Binance a regulatory license."
Daniel Acosta, Binance General Manager for Colombia, Central America, and the Caribbean, said: “These licenses allow Binance to expand the products and services offered, including options tailored to the needs of our customers in El Salvador. It is also a great opportunity to collaborate closely with government authorities to support the adoption of crypto assets in the country, foster financial inclusion and innovation, and ensure customer protection."
El Salvador became the first country in the world to recognize bitcoin as a legal tender in 2021 and approved a law regulating the issuance of other digital assets by both the state and private entities.
- #SYBILFREESUMMER SAY IT BACK (AND COLLECT IT)
- Semafor is owned by SBF. This is a massive conflict of interest in your reporting. Journalistic integrity is
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FUD is a new word, but not a new concept. It’s age-old. It has always been around, and it will always be around. It won’t go away. Let’s accept that and learn to deal with it, properly.
If everyone can have an adequate understanding of it, things can be improved. We can build a healthier community and industry as a whole.
The Need for FUD
You need to understand the underlying motives. People need to influence other people, especially in trading. Traders go through 4 cycles.
You want to enter the market, i.e., you want to buy, but haven’t done so yet. Now, you wish the price could be a touch lower. You probably don’t want it to go over a cliff. But I guess you can always change your mind if it did. You are susceptible to FUD, or even happily contribute to it ever so slightly.
You might not know you are doing it. It’s quite easy, as you will see later.
You just bought, now you want the price to go up. You want to smack anyone spreading FUD on the head, but by getting into arguments with those guys, you are only helping to attract more eyeballs to it, and hence spreading it.
You wish to sell and get out of your positions. Now, you really wish the price could go just a touch higher. You probably will do everything you could to spread the good news, saying how great the coin is. You will fiercely argue with any FUD.
You just got out of your position, i.e., you just sold. You now want the price to drop. It could be just for psychological reasons or bragging rights. Or if you plan to buy back in at a lower price. You don’t mind to see a cliff. You have high motivation and are happy to create, exaggerate, and spread FUD.
Traders go through these cycles all the time. When there is a need, backed by financial incentives, for people to spread FUD, it will happen.
Whales
For big traders, these cycles are bit longer. It could take them days to load up (buy) their positions. During this time, they are happy to help spread FUD to keep the prices low. As they are close to finishing buying, they will tend to flip to spreading positive news, and use the last leg of their funds to push the price up, in the hope to start a trend, then sell high again.
Historically, the big guys have used rumors and news on TV, radio, and magazines to their advantage, over and over again. Nowadays, it’s easier and cheaper to spread FUD on social media, and decentralized free “press”. So, more reasons to do it.
Easy to Spread
FUD is easy to create and spread. All you have to do is to ask stupid and innocent-sounding questions. A says to B: “is Obama having an affair?”. B: “What? Really?” B to C: “I heard Obama is having an affair, is it true?”. C to D: “Obama is having an affair, the market is going to crash, get me out, sell all my positions”. C goes on Twitter: “What’s the latest with @Obama having an affair? #ObamaAffair”...
For some reason, FUD is born with some amazing characteristics, for us humans. Our genes are designed to transport and spread it, better than any virus.
Negative news travels faster than positive ones amongst our species. When something bad happens, we tell everyone. When something good happens, we don’t say a word.
Uncertainty (rumors) spikes our curiosity. We just have to find out. Our quest for knowledge and understanding often leads us to waste time in precisely the wrong direction. Again, our quest, in the form of questions, help spread rumors, leading others into the wrong direction too.
Our uncontrollable urge to correct “wrong information” drags us into endless useless debates in Telegram groups, Slack, Reddit, Wikipedia, or anywhere on the internet, thereby keeping the topic top-of-thread, top-of-group and top-of-mind. Google Cunningham’s law. You will understand why you waste endless hours on discussions with, you knew, an idiot on the other end. Even after understanding Cunningham’s law, people still exhibit this behaviour. It’s just hard to control.
So, how do we deal with FUD?
Use your judgment. Believe in your own logic and common sense. Don’t just believe anything some guy in some forum says without verifying. Get to the source and follow the rabbit down to the origin. If you can’t follow the chain, don’t believe it.
Kill it, don’t spread it
Until you are sure, don’t ask stupid questions that help spread FUD in groups or on social media. Don’t participate in discussions about it. If you are an admin or mod of a group, just kill it in its crib.
Think Why
Think about why people are spreading this “news”, who is spreading it? Who could benefit from it? Who could lose from it? Often, the guy yelling “bitcoin is banned” is precisely the guy buying bitcoins from you. A few whales picked up a lot of bitcoins during the recent China FUD. By the time the official news came out, they had finished accumulating, and price only went up from there. Of course, everything situation is different.
Here is one last real example, closer to home. A guy picked 6AM our local time, probably having just sold all his LINK (I didn’t bother to check, as I don’t want to waste my time), noticed our hot wallet was relatively low on LINK. He made a post somewhere saying he “drained all LINK from Binance”. He started talking to people about the post in various groups. It spread. People dreamed up of all kind of possible doomsday scenarios. Others started to withdraw LINK from Binance. Due to the sudden increase in withdrawals, our risk management system blocked replenishing of the hot wallet for human review. An hour later, I woke up to a screen of messages from everyone I don’t know asking me questions. I knew there was FUD again. It took us a couple of calls to figure out what had happened. We had zero issues. We then put USD 5MM worth of LINK onto the hot wallet. The FUD died, in less than 2 hours. But the guy probably already bought back in at the low point, and walked away with a decent chunk of profit at other people’s expense. Now you see how it works and who is losing.
Learn how to get reliable intel and choose who to trust wisely. Don’t just live on FUD; it’s a poor man’s life. Hope this basic article helped you in some way.
Live long and prosper!
- The first global music tour powered by Web3.
https://enterthedimension.com/?ref=BINANCEAH&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=BinanceAfterHours
- Keep building
- Binance have made a donation to a new charity effort in Brazil. An organization that offers digital and financial inclusion to homeless people in São Paulo. The initiative allows donations through crypto to build a space for free access to computers and cell phones.
Lack of internet connection and access to smart phones and computers are barriers to social and financial inclusion. We are proud to support this initiative in Brazil that enables the homeless to apply for jobs and improve their living conditions.
https://valor.globo.com/financas/criptomoedas/noticia/2023/07/05/instituto-de-padre-lancellotti-recebe-doacoes-de-criptomoedas-para-inclusao-social-da-populacao-de-rua.ghtml
- SEC and Binance agree on Order securing U.S. customer assets.
I would put this in the win column for the Binance defendants.
The consent order is very close to what Binance offered to the SEC at the outset.
The important thing is--this is a consent decree and not a Temporary Restraining Order.
Why does that matter?
This means the Judge will Not make an early determination that the SEC has a "substantial likelihood of success on the merits" if the case were to proceed to trial.
The case will move forward with no early court determination that $BNB (or any other asset on Binance platforms) is likely to be a security.
Good job by the Binance legal team.
And, in the end, the SEC acted reasonably in coming to this agreement.
[https://www.sec.gov/files/litigation/complaints/2023/2023-110-order.pdf](https://www.sec.gov/files/litigation/complaints/2023/2023-110-order.pdf)
- Binance have issued cease & desist notice to the scammer entity "Binance Nigeria Limited".
Don't believe everything you read in the news. 🤷♂️
- We want to provide an update on the current battle Binance.US finds itself in with the SEC. We are pleased to inform you that the Court did not grant the SEC’s request for a TRO and freeze of assets on our platform which was clearly unjustified by both the facts and the law.
Instead, we were able to reach a Court-ordered agreement with the SEC that allows us to continue our ordinary course business. There has never been any evidence presented by the SEC concerning mis-use of customer assets. In fact, the SEC lawyers conceded in Court earlier this week, when asked by the Judge, that they had no evidence suggesting that any such thing had occurred.
The SEC’s request would have effectively shuttered our business, which is consistent with the agency’s continued attempts to kill the crypto industry by any means, even by making allegations that are not supported by the facts.
This fight has damaged our business and our reputation but not our fighting spirit or our resolve to defend ourselves against unwarranted charges and “regulation by enforcement” tactics that do not belong in our system of justice.
We look forward to continuing to defend ourselves in court.
[Crypto Trading Platform | Buy, Sell, & Trade Crypto in the US | Binance.US](https://www.binance.us/)
Binance.US is the crypto trading platform for US residents where you can buy, sell, and trade cryptocurrencies and alt coins with some of the lowest fees in the US. Start trading in minutes.
- Happy Father's Day!
- Early-stage projects face a unique set of challenges with tokenomics design being vital to success.
💡The 12 MVB project teams deep dived into tokenomics design and the role of trading firms, check out some learnings below.
[MVB VI Inside The Labs: Designing Tokenomics & The Role of Trading Firms](https://binance.org/en/blog/mvb-vi-inside-the-labs-designing-tokenomics-the-role-of-trading-firms/)
Once projects have established their tokenomics, the next question is: what is the strategy for the token launch, and when should projects engage with trading firms?
- How risk management for crypto: prevent, identify and eliminate potential threats
[Como acontece o gerenciamento de riscos para criptoativos: prevenir, identificar e eliminar potenciais ameaças](https://www.bloomberglinea.com.br/2023/06/13/como-acontece-o-gerenciamento-de-riscos-para-criptoativos-prevenir-identificar-e-eliminar-potenciais-ameacas/)
Trabalho de especialistas em segurança interna e externa é crucial para preservar fundos e dados dos usuários. Nova série de conteúdos da Binance vai a fundo no tema
- How risk management for crypto: prevent, identify and eliminate potential threats
[Como acontece o gerenciamento de riscos para criptoativos: prevenir, identificar e eliminar potenciais ameaças](https://www.bloomberglinea.com.br/2023/06/13/como-acontece-o-gerenciamento-de-riscos-para-criptoativos-prevenir-identificar-e-eliminar-potenciais-ameacas/)
Trabalho de especialistas em segurança interna e externa é crucial para preservar fundos e dados dos usuários. Nova série de conteúdos da Binance vai a fundo no tema
- Nice😍
- The Binance Card, your gateway to caffeine and cashback rewards.
- The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. http://Binance.US and our business partners have not been spared in the use of these tactics, which has created challenges for the banks with whom we work.
As a result, in an effort to protect our customers and platform, today we are suspending USD deposits and notifying customers that our banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. We encourage customers to take appropriate action with their USD.
Our priority is, and has always been, our customers. We are taking these proactive steps as we–for a time–transition to a crypto-only exchange. To be clear, we maintain 1:1 reserves for all customer assets. Any downtime in processing withdrawals may be the result of elevated volumes and weekend bank closures. Moreover, trading, staking, deposits and withdrawals in crypto remain fully operational.
While we remain open to a productive compromise that enables a thriving digital asset marketplace in America, http://Binance.US will continue to vigorously defend ourselves, our customers, and industry against the meritless attacks of the SEC.
Our notice to customers:
- Hong Kong government approves trading the following tokens:
$SAND, $ADA, $MATIC, $SOL, $AXS, $ATOM, $DOT, $UNI, $LINK, $LTC, $AVAX, $XLM, $ETH
SEC sues for having markets for:
$SAND, $ADA, $MATIC, $SOL, $AXS , $ATOM, $FIL, $MANA, $ALGO, $COTI
Now people can get $BNB in a decentralized, trustless, permissionless and censorship resistant way
Poetic justice. This is crypto and central planners can’t do shit about it.
- The Collect module on the Lens API is adding new features:
• Put time limits on any Free Collect
• Define the supply and/or end date for exclusive Collects (Free or Paid)
Try it out today on @lenster.lens. Coming soon to @buttrfly.lens, @orbapp.lens, and other apps across the Lens ecosystem.
For devs looking to implement the new 'simpleCollectModule', dive into the docs: https://docs.lens.xyz/docs/create-post-typed-data#simplecollectmodule
- ***Now I just need a Binance keyboard***
- Not everyone in crypto are long term builders. Stay with builders only. Study Finds 36% of Top Crypto Projects Silent on Blogging This Year
https://coinmarketcap.com/alexandria/article/study-finds-36percent-of-top-crypto-projects-silent-on-blogging-this-year
- The world of Binance We taking over !!
- Binance head of Financial Crimes Compliance: Blockchain transparency has helped catch perpetrators of 'child abuse, drug trafficking, public corruption' | Austin Journal
https://austinjournal.com/stories/642006438-binance-head-of-financial-crimes-compliance-blockchain-transparency-has-helped-catch-perpetrators-of-child-abuse-drug-trafficking-public-corruption
- Coinan co-founder He Yi: "Financial education is key to promoting inclusion"
https://www.elle.com/es/living/trabajo-finanzas/a43683121/yi-he-cofundadora-binance-educacion-financiera/
- CeFi and DeFi have different characteristics; one is not safer than the other. For both CeFi and DeFi, there is a need to take security measures into consideration.
CeFi can be made very transparent – through proof of reserves, for example, which makes it verifiable through the blockchain that your funds are there. Binance does this, and our wallet addresses are also public. If a CeFi company is transparent, it can be more open than a traditional financial service provider.
With DeFi, on the other hand, the ability to hold your own keys is a good approach if you can secure them properly. You have more control and autonomy. However, most people today still need help to secure their keys properly. For most people, it is a complex process with many steps involved.
Ultimately, both CeFi and DeFi have different characteristics regarding risk and security. We shouldn’t take a one-sided view that one is better than the other.
CeFi is not against DeFi. Neither should DeFi be against anybody. In a purely decentralized space, everyone would be for themselves. When you form projects and initiatives, that is centralization. There will always be pockets of centralization, even within the decentralized space.
CeFi is the bridge between the TradFi and DeFi spaces, and we are facilitating that flow both ways. We should view these ecosystems as complementing one another, filling the gaps in each other’s services.
- When life gives you lemons:
- Let's take a look at what Binance Charity achieved last year.
From donating $15 million in more than 53 countries, to ramping up the support of global Web3 education
- **Hi, Communication Tips by CZ**
If you said “Hi”, then nothing, or any of these similar variations,
“Can I have a meeting with you?”, no agenda was given
“I want to meet with you to explore partnerships”, no specifics
“Let’s do an intro meeting”
You probably won’t get a response from me. You may be referred to this article. I want to be super-efficient with my time, even if it may be impolite.
So, please be as direct and concise as possible and tell me:
I am ___ (one sentence, not paragraph)
What do you want me to do?
What do you provide?
In less than one paragraph if possible. If your first message is too long, it may be skipped.
A few other tips:
Don’t pitch me projects. Pitch to: labs@binance.com.
Don’t talk to me about listings, Launchpad, Launchpool, please apply online.
For events, media interviews, please contact our PR team: pr@binance.com.
Buy/sell large amounts of crypto, please contact liquidity@binance.com. For more information, contact the OTC desk.
For most things in Binance, it’s slower to go through me. I don’t do much.
Hope you are not offended. Let’s communicate efficiently. Cheers