🚨 Important Update for Indian Binance Users 🚨 Indian users must now provide key information during crypto deposits and withdrawals on #Binance following FIU registration. Previously, crypto withdrawals only required OTP verification, but this has changed under the new regulations. Now, when depositing or withdrawing crypto, users will need to provide details of the crypto sender and recipient.
If the crypto amount exceeds a certain limit, you must submit the sender’s/company’s/organization’s name along with their PAN and Aadhaar number. Even if the crypto is coming from your personal wallet, it must also be reported.
Binance Aims to Re-enter Indian Market Amid PMLA Challenges * Binance is striving to restore access to its mobile app and website in India. • Despite efforts, the Indian government has rejected Binance's plea to resume operations. Xi • Binance requires time to establish protocols for complying with regulatory standards. The world's largest cryptocurrency exchange, Binance, is in discussions with the Indian authorities to revive access for Indian users to its mobile app and website. Sources familiar with the matter revealed this information to an Indian media outlet. According to the report, Binance is open to settling outstanding taxes up to January 12, when its operations were suspended. However, the exchange is not yet ready to conform to the Prevention of Money Laundering Act (PMLA) guidelines.
In the meantime, the government is taking actions against traders resorting to virtual private networks (VPNs) to access banned platforms. Reports indicate that around 4,000 Indian crypto traders are suspected of using VPNs to trade on Binance rather than shifting their assets to compliant Indian exchanges. It is believed that nearly $4 billion worth of crypto owned by Indian traders is held in offshore wallets.
A current real-time signal for Bitcoin (BTC) suggests short-term bearish movement, as large inflows of BTC onto exchanges indicate potential sell-offs by major investors, commonly referred to as “whales.” The current market price of Bitcoin is $61,500. Key support levels are at $60,940, $60,710, and $60,500, while resistance levels are observed at $62,100 and $62,300.
A potential trading setup could be as follows:
• Entry: Sell around $61,500. • Stop Loss: Set at $62,500 to manage risk. • Take Profit: Target around $60,500, keeping an eye on further dips towards $59,000 if the market weakens.
This setup is supported by technical indicators showing a weak trend (with an ADX of 15.75) and neutral sentiment (RSI at 42), suggesting there may be more downward momentum
Notice on the Intermittent
Suspension of Withdrawals on
Solana (SOL) Network
Fellow Binancians,Withdrawals on Solana (SOL) network have been intermittently suspended since 2024-03-04 due to the increased volume of transactions on the network. Binance has identified some areas for optimization, and is working to provide a stable and long-term solution. The estimated implementation date of the solution is 2024-03-09 18:00 (UTC).We apologize for any inconvenience.Note: There may be discrepancies in the translated version of this original article in English. Please reference
Binance Will Support the Sei (SEI) Network Upgrade Fellow Binancians, Starting at approximately 2024-02-28 16:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Sei (SEI) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 60,622,970, or approximately at 2024-02- 28 17:00 (UTC). Please note: • The trading of token(s) on the aforementioned network will not be impacted. • Binance will handle all technical requirements involved for all users. • Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted. • 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.
For more information, please refer to the announcement from the project team.
Thank you for your support! Binance Team 2024-02-28
so let's start posting and Increase your following Happy New Month
Binance Square Creators,
We're excited to share some thrilling news with you! Our Rising Stars campaign is back! Get ready to shine by promoting your profiles/content on social media — the creator with the highest follower growth during the campaign period wins! Remember, a minimum of 10 new followers is needed to qualify for rewards.
Activity Period: March 01 to March 14, 2023 All the best! * Keep participating and strive to win 1 BNB. For more information - Go to notification Follow | Like | Quote | Comment$BNB $XRP $ETH
SHIB has followed the drop of other coins, going down by 0.16%.
On the hourly chart, the price of SHIB is rising after the breakout of the resistance of $0.00001333.
Until the rate is above the $0.00001350, buyers are controlling the situation on the market.
In this reagard, the growth may continue to the $0.000015 area soon.
On the bigger time frame, traders should pay attentiont to yesterday's peak of $0.00001473. If the daily bar closes near it, the midterm rise may lead to the $0.000015-$0.000016 zone next week.
From the midterm point of view, the price of SHIB is its way to testing the $0.00001591 level. However, the aproach to this mark plays a huge role. If it happens fast and a false breakout happens, bears might seize the initiative, which could lead to a correction.
Binance will list Axelar (AXL) and open trading for these spot trading pairs at 2024-03-01 11:30 (UTC). New Spot Trading Pairs: AXL/BTC, AXL/USDT, AXL/FDUSD and AXL/TRY.
Users can now start depositing AXL in preparation for trading.
Withdrawal will open at 2024-03-02 11:30 (UTC). AXL Listing Fee: 0 BNB.
1. Shiba Inu (#SHIB )- Shiba Inu ($SHIB) is one of the most recognizable "dog tokens" and one of the mainstays of the meme coin scene. It has captured the attention of traders many times and is now, according to a technical analysis (TA) indicator tracked by the prominent crypto expert on X, Ali Martinez, poised to surge significantly.
2. Dogecoin ($DOGE )- Being the original dog-themed meme coin, Dogecoin (DOGE) seldom fully slips from traders' minds, and recent days have only given cause for renewed optimism about the cryptocurrency.
3. Cronos (#CRO )- Cronos (CRO), the platform token of the Crypto.com cryptocurrency exchange, has experienced a sudden and significant surge in late 2023, partially due to its integration with its Bring Your-Own-Chain (BYOC) network.
4. Floki Inu ($FLOKI ) - Floki Inu (#Floki ) is another standout meme coin that, along with being an interesting investment, serves a key role in its ecosystem when it comes to numerous Web3 features.
👋 Hey Binance community! 🚀 Let’s dive into the fascinating world of Bitcoin Halving! 🌐✨
🔍 What’s BTC Halving? Bitcoin Halving is a crucial event that occurs approximately every four years, reducing the reward miners receive for validating transactions by 50%. This scarcity mechanism is coded into Bitcoin’s protocol, limiting the total supply to 21 million coins.
💡 Why Does it Matter? Halving plays a pivotal role in Bitcoin’s economic model, enhancing its scarcity and potentially influencing its value. As supply decreases, demand often leads to increased prices. This event showcases Bitcoin’s deflationary nature, setting it apart from traditional fiat currencies.
📈 Historical Impact: In the two previous halving events (2012 and 2016), Bitcoin witnessed significant price rallies post-halving. However, past performance is not indicative of future results. The halving’s impact on the market remains a topic of speculation and analysis among crypto enthusiasts.
🛠️ Mining Dynamics: With reduced block rewards, miners face increased competition, driving them to improve efficiency and adopt advanced technologies. This shift in mining dynamics has a broader impact on the network’s security and resilience.
🤔 What to Expect: As we approach the next Bitcoin Halving, scheduled around 2024, the crypto community eagerly anticipates its potential effects on the market. Keep an eye on market trends, miner activities, and overall sentiment.
📚 Stay Informed: Stay tuned to Binance for expert insights, real-time market updates, and educational resources to navigate the exciting landscape of Bitcoin Halving. Remember, knowledge is your strongest ally in the dynamic world of cryptocurrencies!