Binance: $BNB The Future of Exchanges.

batang_bitcoin

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Quote from: mich on March 19, 2024, 01:46:34 AM

Well now CZ does have a new project called Giggle Academy. It is about Free basic education for grades 1-12.
This project is not related to any of the crypto projects. And he said he is hiring positions for the new project.
Maybe that is why BNB token made such big profits this past week. https://coinfomania.com/former-binance-ceo-cz-shares-giggle-academy-project/

Interesting, I think that with all of the fortune that he's got for working for Binance and BNB, this is what people like him just wanna do. Do something meaningful to the world and the life of others to excel. I haven't seen yet the entire academy that he's building but for sure many are going to put their support on this project and cause if it's about helping others to learn more. I'm able to take a peek on the project but it seems focuses more with Mathematics.

mich

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Well now CZ does have a new project called Giggle Academy. It is about Free basic education for grades 1-12.
This project is not related to any of the crypto projects. And he said he is hiring positions for the new project.
Maybe that is why BNB token made such big profits this past week. https://coinfomania.com/former-binance-ceo-cz-shares-giggle-academy-project/

mich

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Well if you is like me and use the Binance trust wallet you must be careful now. The US cyber authorities are now investigating the ios app for vulnerabilities.

The trust wallet reply is that there is no vulnerability like it was in 2018. https://dailycoin.com/binance-trust-wallet-disputes-security-concerns-amid-scrutiny/

ItsCrafty

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BNB it a very strong project and I totally agree with it because the supporter of BNB is Binance and it is its own coin and its supply is also very high and It's a very strong project and I think even if anyone invest invest in BNB it will definitely benefit her in the future because it's a project where these people come up with a lot of programs like this. People hold BNB and also stake it, it gives them a lot of profit, but at the same time, people buy and sell BNB, so it is a very strong project, if someone invests in it. If so, it will definitely be beneficial.

mich

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CZ did really want to be able to leave US before his trial. He offered to use his $4.5 Billion of equity in Binance to pledge his return from UAE.

But the judge in that case rejected that offer. This is because CZ did plead guilty last year and his sentencing is in February.

https://cryptopotato.com/court-rejects-binance-founder-cz-travel-request-despite-4-5b-equity/

mich

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Well now there is going to be more users of Binance in Thailand. Binance is now open for trading there named Gulf Binance that is joined venture of Binance and Thailand’s Gulf Innova.

Gulf Binance got its license Thailand’s finance ministry in May 2023. https://www.binance.com/en/blog/ecosystem/binance-th-by-gulf-binance-now-open-to-all-eligible-users-7846087428943809900

batang_bitcoin

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Showtime is off for Solana and we're now seeing the move of BNB.

Quote from: mich on December 28, 2023, 05:27:51 AM

Well there is more and more people that is joining Binance. Now Richard Teng, who is the new head of Binance, has said there is more than 170 Million users on the exchange.

This is more than Coinbase that has that has 98 Million users. Even with problems with CEO CZ and the sec people still want to use this exchange and do trust it will not have financial problems like FTX.

https://crypto.news/binance-surpasses-170m-users-worldwide/

As long as there is its existence, users will keep flocking on them. And the problem that they have against SEC has already been settled with that $4B bail so, it shall be fine. The next problem now is with CZ and Binance is completely out of it now.

mich

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Well there is more and more people that is joining Binance. Now Richard Teng, who is the new head of Binance, has said there is more than 170 Million users on the exchange.

This is more than Coinbase that has that has 98 Million users. Even with problems with CEO CZ and the sec people still want to use this exchange and do trust it will not have financial problems like FTX.

https://crypto.news/binance-surpasses-170m-users-worldwide/

batang_bitcoin

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Quote from: mich on December 12, 2023, 03:39:56 AM

Quote from: batang_bitcoin on December 10, 2023, 07:54:31 AM

This is getting serious. After the bail settlement, everyone have thought that it is all settled and he is free to do his things.
Well, we may see some impact on it on BNB and this goes to the price of it. While we see that many altcoins are moving bullishly, BNB doesn't move at all.
I guess if everyone has to look deeper at this case of CZ, there is a lot to dig in with this issue.

Well yes you are right there might be some change in price for the BNB token. But now we are seeing Bitcoin and Ethereum down 1% in the last week but BNB is up 7% in the last week.
I think it was going to be BNB token going down too. But all this does mean is if CZ is having these legal problems it will not make a big difference for investors.

While some other altcoins are pumping, BNB seems to be stagnant and stuck on its current price. But that's fine, this is still considered as an undervalued price knowing that we're about to enter the bull run.

Quote from: jrrsparkles on December 23, 2023, 04:09:19 PM

I don't think so, but SOL is on the rise continuously which helped to surpass in the market cap value of BNB. Binance and CZ is facing a lot of legal issues for a while so I don't expect it to break the resistance at any point unless the whole crypto market drags upwards due to BTC's influence.

As SOL reached $100, if this goes first moved to $300-$500 than BNB then there must be something wrong. But I think that it is going to move soon. I'm still patient on it no matter what.

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Quote from: onecall123 on December 20, 2023, 10:37:28 AM

Is it BNB's breakout time? The price of BNB is on the rise, and some are speculating it might hit $300 before 2023.

I don't think so, but SOL is on the rise continuously which helped to surpass in the market cap value of BNB. Binance and CZ is facing a lot of legal issues for a while so I don't expect it to break the resistance at any point unless the whole crypto market drags upwards due to BTC's influence.

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Is it BNB's breakout time? The price of BNB is on the rise, and some are speculating it might hit $300 before 2023.
Investors are feeling quite uncertain right now. BNB hasn't shown much movement for a year, often going down when the rest of the market is on the rise. But as we know, things in the crypto world can change quickly, so the situation might turn around in the near future.

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Quote from: batang_bitcoin on December 10, 2023, 07:54:31 AM

Quote from: mich on December 10, 2023, 04:51:13 AM

Well now there is some very bad news for CZ. After he was to be allowed to travel to UAE before his sentencing next year now federal Judge Richard Jones changed that.

He says CZ is very wealthy and has property over there in UAE. And that if he lets him go he has no ties to the US and may never return for the sentencing. He does not want him to flee so he must now remain in US.

https://decrypt.co/209060/us-judge-bans-changpeng-cz-zhao-from-leaving-the-country

This is getting serious. After the bail settlement, everyone have thought that it is all settled and he is free to do his things.
Well, we may see some impact on it on BNB and this goes to the price of it. While we see that many altcoins are moving bullishly, BNB doesn't move at all.
I guess if everyone has to look deeper at this case of CZ, there is a lot to dig in with this issue.

Well yes you are right there might be some change in price for the BNB token. But now we are seeing Bitcoin and Ethereum down 1% in the last week but BNB is up 7% in the last week.
I think it was going to be BNB token going down too. But all this does mean is if CZ is having these legal problems it will not make a big difference for investors.

batang_bitcoin

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Quote from: fzkto on December 10, 2023, 08:02:27 AM

Quote from: batang_bitcoin on December 10, 2023, 07:54:31 AM

This is getting serious. After the bail settlement, everyone have thought that it is all settled and he is free to do his things.
Well, we may see some impact on it on BNB and this goes to the price of it. While we see that many altcoins are moving bullishly, BNB doesn't move at all.
I guess if everyone has to look deeper at this case of CZ, there is a lot to dig in with this issue.

Of course if a full blown investigation against Binance and cz starts, bad things will probably happen to the exchange. They have manipulated the entire market for years. I'm not talking about jurisdictions where they may or may not have done business. But for now we are talking about cz, so it's not all bad for Binance right now. But there could be a bnb crash in the future if Binance repeats the fate of FTX.

There could be some actual and deep digging on the case if the investigative body will do so. If so, it's not gonna be jus CZ alone but his cohorts as well. While there's already a bail for the exchange itself there will be no eyes on it as well. Maybe that's already a sigh that we can give because that's what we're worried about. Because if anything happens to them, it's gonna reflect to their BNB and then with the entire market as usual. However, it's only for temporary impacts as that's what we've seen in the past.

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Quote from: batang_bitcoin on December 10, 2023, 07:54:31 AM

Quote from: mich on December 10, 2023, 04:51:13 AM

Well now there is some very bad news for CZ. After he was to be allowed to travel to UAE before his sentencing next year now federal Judge Richard Jones changed that.

He says CZ is very wealthy and has property over there in UAE. And that if he lets him go he has no ties to the US and may never return for the sentencing. He does not want him to flee so he must now remain in US.

https://decrypt.co/209060/us-judge-bans-changpeng-cz-zhao-from-leaving-the-country

This is getting serious. After the bail settlement, everyone have thought that it is all settled and he is free to do his things.
Well, we may see some impact on it on BNB and this goes to the price of it. While we see that many altcoins are moving bullishly, BNB doesn't move at all.
I guess if everyone has to look deeper at this case of CZ, there is a lot to dig in with this issue.

Of course if a full blown investigation against Binance and cz starts, bad things will probably happen to the exchange. They have manipulated the entire market for years. I'm not talking about jurisdictions where they may or may not have done business. But for now we are talking about cz, so it's not all bad for Binance right now. But there could be a bnb crash in the future if Binance repeats the fate of FTX.

batang_bitcoin

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Quote from: mich on December 10, 2023, 04:51:13 AM

Well now there is some very bad news for CZ. After he was to be allowed to travel to UAE before his sentencing next year now federal Judge Richard Jones changed that.

He says CZ is very wealthy and has property over there in UAE. And that if he lets him go he has no ties to the US and may never return for the sentencing. He does not want him to flee so he must now remain in US.

https://decrypt.co/209060/us-judge-bans-changpeng-cz-zhao-from-leaving-the-country

This is getting serious. After the bail settlement, everyone have thought that it is all settled and he is free to do his things.
Well, we may see some impact on it on BNB and this goes to the price of it. While we see that many altcoins are moving bullishly, BNB doesn't move at all.
I guess if everyone has to look deeper at this case of CZ, there is a lot to dig in with this issue.

mich

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Well now there is some very bad news for CZ. After he was to be allowed to travel to UAE before his sentencing next year now federal Judge Richard Jones changed that.

He says CZ is very wealthy and has property over there in UAE. And that if he lets him go he has no ties to the US and may never return for the sentencing. He does not want him to flee so he must now remain in US.

https://decrypt.co/209060/us-judge-bans-changpeng-cz-zhao-from-leaving-the-country

mich

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Yes he did pay $175 Million for the release bond. And this means he must return to the US 14 days before his sentencing date on February 23.

And if he does not return he can pay another $250k for fines with 10 years in jail. I do think he will return and not get a very bad sentence like SBF but we do not know.

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Quote from: bbc.reporter on November 22, 2023, 02:05:26 AM

If no one in this thread heard the latest update on Binance, CZ agreed to settle his case with the DOJ, pay $4billion and he pleaded guilty on charges of moneylaundering. He will also go to prison for 2 years. However, it appears that despite of this bad news, BNB was not dumped to go under $200. This might be bullish for BNB, I reckon.

It seems like he wasn't jailed for paying $175 million or I'm wrong here, because I heard that CZ paid $175 million personally.
or can anyone straighten it out for me.

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Quote from: mich on November 26, 2023, 01:24:11 AM

Well I do not know if he is a flight risk. But he does not think so. His lawyers are wanting the judge to reject the DOJ request to ban him from going to his home in UAE before his sentencing.
There is a reason for them not wanting him to return. I do no know if UAE will extradite him if he does not want to come back when he needs to for the sentencing.
https://www.reuters.com/technology/ex-binance-ceo-zhao-urges-judge-allow-him-leave-us-before-sentencing-2023-11-24/

The sentencing of CZ is to go forward in February 2024 and it's a long time away form home specially on this cold and festive season.
I'm not sure about what the motive was for a backdoor and CZ really is a con man or if US just wants to extort and destroy a Chinese business, which they shamelessly do.
He was a twitter celebrity but I didn't much cared about him anyway. I just hope I get some spikes on price of BNB so I could dump them all before the sentencing. I'm not in much loss but it's alleviating to sell on green.

mich

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Well now this can be getting very bad for CZ. Because now the SEC wants CZ to be facing the same fraud charges as SBF did.

They are saying CZ and SBF frauds are just the same. SEC saying CZ has backdoor access to funds and can steal customer funds like SBF did.

https://www.fxstreet.com/cryptocurrencies/news/sec-believes-binance-and-ex-ceo-changpeng-zhao-crimes-were-similar-to-fraud-witnessed-in-ftx-202311280048

Topic: Binance: $BNB The Future of Exchanges. (Read 131405 times)