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Binance called 2023 “favorable” for the Bitcoin industry With a 109% increase in total market capitalization, 2023 was a “largely favorable turnaround” for the crypto industry. Binance specialists came to this conclusion in their report. In the first and fourth quarters of the year, the digital asset market showed remarkable growth. In the last quarter, optimism was largely due to the expected approval of spot Bitcoin ETFs in the US. More broadly, macroeconomic factors favoring cryptocurrencies have included robust global GDP growth and easing inflation rates. This has fueled investor interest in high-risk assets, Binance experts say. #Binance​​ #binanceawards
Binance called 2023 “favorable” for the Bitcoin industry

With a 109% increase in total market capitalization, 2023 was a “largely favorable turnaround” for the crypto industry. Binance specialists came to this conclusion in their report.

In the first and fourth quarters of the year, the digital asset market showed remarkable growth. In the last quarter, optimism was largely due to the expected approval of spot Bitcoin ETFs in the US.

More broadly, macroeconomic factors favoring cryptocurrencies have included robust global GDP growth and easing inflation rates. This has fueled investor interest in high-risk assets, Binance experts say.

#Binance​​ #binanceawards
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Binance launched a public cryptocurrency exchange service in Thailand According to the statement, Gulf Binance has successfully completed licensing procedures with the Ministry of Finance of Thailand and has begun full operations of its cryptocurrency exchange and brokerage platform called Binance TH. The platform has created a dedicated order book for Thai Baht (THB) trading pairs and will provide seamless integration with national banking systems for depositing and withdrawing assets. According to experts, the launch of Binance TH in Thailand could lead to a redistribution of the country’s crypto market and pose serious competition to the Bitkub exchange, the dominant player owning about 77% of the market share of digital assets with a daily trading volume of $30 million. Let us recall that earlier the Thai energy company Gulf Energy invested in the American division of the Binance cryptocurrency exchange as part of its efforts to enter the US digital currency market. #Binance​​ #binanceawards #binancetrading
Binance launched a public cryptocurrency exchange service in Thailand

According to the statement, Gulf Binance has successfully completed licensing procedures with the Ministry of Finance of Thailand and has begun full operations of its cryptocurrency exchange and brokerage platform called Binance TH.

The platform has created a dedicated order book for Thai Baht (THB) trading pairs and will provide seamless integration with national banking systems for depositing and withdrawing assets.

According to experts, the launch of Binance TH in Thailand could lead to a redistribution of the country’s crypto market and pose serious competition to the Bitkub exchange, the dominant player owning about 77% of the market share of digital assets with a daily trading volume of $30 million.

Let us recall that earlier the Thai energy company Gulf Energy invested in the American division of the Binance cryptocurrency exchange as part of its efforts to enter the US digital currency market.
#Binance​​ #binanceawards #binancetrading
#binanceawards As of today, October 17, 2024, Bitcoin is trading at approximately $67,735, slightly up by around 1.27% in the past 24 hours. The current market capitalization is about $1.34 trillion, with a 24-hour trading volume of $38.4 billion In terms of market movement, Bitcoin is experiencing bullish sentiment based on technical indicators like the Moving Average (MA) and the Relative Strength Index (RSI). The RSI is currently neutral but leaning towards the bullish side, and the MA shows that Bitcoin has been trading above key levels, suggesting a potential upward trend However, resistance is expected around the $68,743 mark. Breaking through this level could push the price towards $71,645 or $73,687 Looking ahead, forecasts for the short-term expect moderate growth, with Bitcoin potentially reaching $67,790 by the end of this week. However, keep in mind that cryptocurrency markets are highly volatile, and unexpected market conditions could lead to sudden changes in price.
#binanceawards As of today, October 17, 2024, Bitcoin is trading at approximately $67,735, slightly up by around 1.27% in the past 24 hours. The current market capitalization is about $1.34 trillion, with a 24-hour trading volume of $38.4 billion

In terms of market movement, Bitcoin is experiencing bullish sentiment based on technical indicators like the Moving Average (MA) and the Relative Strength Index (RSI). The RSI is currently neutral but leaning towards the bullish side, and the MA shows that Bitcoin has been trading above key levels, suggesting a potential upward trend

However, resistance is expected around the $68,743 mark. Breaking through this level could push the price towards $71,645 or $73,687

Looking ahead, forecasts for the short-term expect moderate growth, with Bitcoin potentially reaching $67,790 by the end of this week. However, keep in mind that cryptocurrency markets are highly volatile, and unexpected market conditions could lead to sudden changes in price.
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Binance: Phone scammers act on our behalf - and we are powerless Victims were informed by unknown persons that the offer would expire on the same day and were advised to urgently pick up their winnings by clicking on a link in the SMS message. After clicking on the malicious link, the context menu prompted the victim to log into their Binance account and provide the necessary passwords. Binance admitted that the scheme is a typical attempt at a spoofing attack via SMS, when the attacker replaces the sender of the message in such a way that the message on the recipient’s phone appears as if it came from a trusted source. The goal is to trick the victim into following instructions, stealing sensitive data. The company is powerless in the fight against such fraud because the GSM communication system technology in which SMS messages operate allows the sender to randomly fill out the “sender name” field, Binance said. Mobile operators do not check whether the sender of the SMS has the legal right to use a particular name. #Binance​​ #binanceawards
Binance: Phone scammers act on our behalf - and we are powerless

Victims were informed by unknown persons that the offer would expire on the same day and were advised to urgently pick up their winnings by clicking on a link in the SMS message. After clicking on the malicious link, the context menu prompted the victim to log into their Binance account and provide the necessary passwords.

Binance admitted that the scheme is a typical attempt at a spoofing attack via SMS, when the attacker replaces the sender of the message in such a way that the message on the recipient’s phone appears as if it came from a trusted source. The goal is to trick the victim into following instructions, stealing sensitive data.

The company is powerless in the fight against such fraud because the GSM communication system technology in which SMS messages operate allows the sender to randomly fill out the “sender name” field, Binance said. Mobile operators do not check whether the sender of the SMS has the legal right to use a particular name.
#Binance​​ #binanceawards
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