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BNB drops below this key support level as Binance halts – AMBCrypto News

The Binance Smart Chains native cryptocurrency has been on a bearish trajectory for six weeks. Its performance in the last two days has been particularly noteworthy because of its ascending support line. Should investors anticipate more BNB price weakness after failing to secure bullish momentum?

Read BNB price prediction for 2023/2024

Lets take a look at some of the most noteworthy observations regarding Binance before assessing BNBs prospects. According to the latest Binance announcement, the BSC temporarily suspended deposits from multiple networks in the last 24 hours at the time of writing.

Binance did not disclose whether the decision was based on a threat to its operations or whether it was due to routine maintenance. However, it did reveal later that it resumed deposits from Ethereum and FTM.

We observed a significant dip in the number of active addresses in the last 24 hours in hours after Binance made the announcement. This was followed by a sharp bounce back presumably due to the reactivation of deposits.

The likelihood that the halting of deposits may have had an impact on BNBs price action was quite low. This was because the cryptocurrency maintained the same bearish momentum it was on 24 hours prior to the announcement about the temporary suspension of deposits.

BNBs price action was particularly notable because the selling pressure in the last two days broke through a key ascending support line. It traded at $304 at press time which is slightly above its 200-day moving average.

The 200-day MA will likely act as the next support range to bear the $300 price level. This was largely because the MA may act as a psychological buy zone and the fact that the same price is within a zone of short-term support. Also, what was worth noting was that the MFI indicated that buying momentum was already building up.

Is your portfolio green? Check out the BNB Profit Calculator

Some on-chain data also backed the bullish expectations. For example, the mean coin age has been on a steady upward trajectory for the last seven days. This confirmed that most investors were still holding their tokens. Additionally, investor consensus expectations have been on the rise for the last seven days indicating bullish expectations.

Based on the above analysis, buying pressure was slowly building up and might soon lend favor to the bulls. However, this outcome was still subject to overall market conditions which may pull a surprising instance of capitulation if BNB fails to secure enough bullish momentum.

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Binance Expects to Launch New Thai Crypto Exchange in Q4 2023 – Decrypt

Binance today announced its joint venture with Gulf Innova Co., Ltd. has received digital asset operator licenses from the Ministry of Finance of Thailand, opening the way for the launch of a crypto exchange and broker.

Crypto operators are overseen by Thailands Securities and Exchange Commission (SEC), meaning the new platform will be regulatory compliant, said Binance.

The new platform is expected to open in Q4 2023, with more details to be revealed closer to the launch, Binance said.

We are grateful and honored to be granted digital asset operator licenses for Gulf Binance in Thailanda country with a thriving crypto space that has demonstrated strong commitment in embracing blockchain technology, said Binance's head of Asia, Europe, and MENA Richard Teng in a statement.

Gulf Innova is a wholly-owned subsidiary of Gulf Energy Development PCL, a Thai conglomerate helmed by billionaire Sarath Ratanavadi. The Bangkok-based firm and Binance signed a memorandum of understanding to explore the possibility of opening a digital asset exchange in Thailand in January 2022.

"Binance's decision to partner with Gulf for this joint venture stems from the company's extensive experience and expertise in the digital asset trading business, a Binance spokesperson told Decrypt.

The crypto firm also stressed that Gulf is one of the biggest and fastest-growing conglomerates in Thailand, with a large ecosystem covering energy production, telecommunications, and digital businesses.

In terms of the partnership agreement, Gulf Innova will be providing governance and oversight of the joint venture to ensure that it operates in accordance with the applicable laws and regulations.

This partnership brings together Binance's unparalleled growth and expertise in the digital asset space with Gulf's established presence and knowledge in Thailand, added the spokesperson. By joining forces, Binance and Gulf aim to create a powerful synergy that will drive innovation, foster growth, and deliver exceptional value to users in the digital asset ecosystem.

With a population of almost 72 million, Thailand has emerged as a major crypto hub in Southeast Asia, with the countrys capital Bangkok ranked 10th globally in The Crypto Readiness Index, published by cryptocurrency tax software company Recap in January this year.

This is despite the government banning cryptocurrencies as a payment method last year.

"While Thailand banned the use of cryptocurrencies as a method of payment last March, the regulation doesn't affect trading or investment activity," Recap CEO Daniel Howitt told the Bangkok Post in February.

Thailand was also ranked 8th in Chainalysis Global Crypto Adoption Index for 2022, ahead of the likes of Russia, China, Nigeria, Turkey, Argentina, and the UK.

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Binance Teases Collaboration with Cristiano Ronaldo in New Ad … – Cryptopolitan

In an exciting development for the cryptocurrency community, Binance, the worlds largest crypto exchange, recently hinted at an upcoming collaboration with renowned football star Cristiano Ronaldo. The behind-the-scenes pictures released by Binance suggest the launch of an extensive ad campaign featuring the global icon. With Ronaldos immense popularity across the world, this partnership has the potential to significantly boost crypto awareness and adoption.

This news comes amidst Coinbase, another leading crypto exchange, planning its own advertising campaign targeted at raising awareness about cryptocurrencies and blockchain technology. Lets delve into the details of this anticipated collaboration and its potential implications for both Binance and the cryptocurrency industry as a whole.

Binance, known for its innovative initiatives in the crypto space, surprised the community with a series of behind-the-scenes pictures featuring Cristiano Ronaldo. The photos, hinting at an upcoming ad campaign, have sparked excitement and speculation among crypto enthusiasts and football fans alike. Ronaldos global fame and massive following make him an ideal choice for Binance to reach a broader audience and promote the benefits of cryptocurrencies.

The collaboration between Binance and Ronaldo signifies the growing intersection between sports and the crypto industry. By leveraging Ronaldos star power, Binance aims to create awareness, generate interest, and foster adoption of cryptocurrencies on a global scale. As an influential figure, Ronaldos endorsement of cryptocurrencies could have a profound impact on their perception and acceptance by the general public.

Coinbase, a prominent cryptocurrency exchange based in the United States, has recently unveiled plans for its own advertisement campaign. The campaigns primary objective is to raise awareness about cryptocurrencies and blockchain technology, particularly among key government officials and lawmakers in Washington, D.C. This move by Coinbase suggests a strategic effort to influence regulatory discussions and shape favorable policies in the cryptocurrency industry.

By launching an ad campaign in the nations capital, Coinbase aims to educate policymakers and decision-makers about the transformative potential of cryptocurrencies. The collaboration between Binance and Ronaldo, coinciding with Coinbases advertising efforts, signals a broader trend in the crypto industry. Cryptocurrency exchanges are increasingly recognizing the importance of strategic partnerships and impactful marketing campaigns to drive mainstream adoption and regulatory acceptance.

The collaboration between Binance and Cristiano Ronaldo has the potential to create a significant ripple effect in the world of cryptocurrencies. Ronaldos unparalleled popularity, with a massive social media following and widespread recognition, positions him as an influential figure to introduce and promote the advantages of cryptocurrencies to a wider audience.

By associating with Ronaldo, Binance can tap into his global fan base, which includes not only football enthusiasts but also individuals who admire his philanthropic efforts and entrepreneurial ventures. The ad campaign featuring Ronaldo is likely to highlight the benefits of cryptocurrencies, such as decentralized finance, borderless transactions, and financial inclusion, while also addressing common misconceptions and concerns.

Furthermore, Ronaldos involvement in the crypto industry may encourage other high-profile athletes, celebrities, and influencers to explore and endorse cryptocurrencies. This could lead to an influx of new users, increased investment, and a broader acceptance of digital currencies in various sectors of society.

Binances collaboration with Cristiano Ronaldo in an upcoming ad campaign marks an exciting development for both the cryptocurrency industry and football fans worldwide. The partnership harnesses Ronaldos immense popularity to raise awareness about cryptocurrencies and their potential benefits. Simultaneously, Coinbases own advertisement campaign signifies a strategic effort to shape regulatory discussions and increase acceptance of cryptocurrencies among key stakeholders.

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AI deepfakes are getting better at spoofing KYC verification Binance exec – Cointelegraph

Deepfake technology used by crypto fraudsters to bypass Know Your Customer (KYC) verification on crypto exchanges such as Binance is only going to get more advanced, Binances chief security officer has warned.

Deepfakes are made using artificial intelligence tools that use machine learning to create convincing audio, images or videos featuring a persons likeness. While there are legitimate use cases for the technology, it can also beused for scams and hoaxes.

Speaking to Cointelegraph, Binance Chief Security Officer Jimmy Su said there had been a rise in fraudsters using the tech to try and get past the exchanges customer verification processes.

Su said the tools have become so advanced that they can even correctly respond to audio instructions designed to check whether the applicant is a human and can do so in real-time.

Some of the verification requires the user, for example, to blink their left eye or look to the left or to the right, look up or look down. The deepfakes are advanced enough today that they can actually execute those commands, he explained.

However, Su believes the faked videos are not at the level yetwhere they can fool a human operator.

When we look at those videos, there are certain parts of it we can detect with the human eye, for example, when the user is required to turn their head to the side, said Su.

In August 2022, Binances chief communications officer, Patrick Hillmann,warned that a sophisticated hacking team was using his previous news interviews and TV appearances to create a deepfake version of him.

The deepfake version of Hillmann was then deployed to conduct Zoom meetings with various crypto project teams, promising an opportunity to list their assets on Binance for a price, of course.

Thats a very difficult problem to solve, said Su, when asked about how to combat such attacks.

Even if we can control our own videos, there are videos out there that are not owned by us. So one thing, again, is user education.

Related: Binance off the hook from $8M Tinder pig butchering lawsuit

Binance is planning to release a blog post series aimed at educating users about risk management.

In an early version of the blog post featuring a section on cybersecurity, Binance said that it uses AI and machine learning algorithms for its own purposes, including detecting unusual login patterns and transaction patterns and other abnormal activity on the platform.

AI Eye: Biggest ever leap in AI, cool new tools, AIs are the real DAOs

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AI deepfakes are getting better at spoofing KYC verification Binance exec - Cointelegraph

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Floki Inu (FLOKI) Joins Binance TR: Will the Listing Spell Boost or Flop? – Bitcoinist

Floki Inu (FLOKI) has once again found itself at the center of attention. With Binance, one of the leading cryptocurrency exchanges, expanding its support for Floki Inu, this time through its Binance TR arm, the possibilities for FLOKIs adoption have grown exponentially.

The recent listing on Binance TR marks yet another milestone for this digital asset, as it now gains exposure to a significantly larger investor base.

Just last month, Binances US division created a significant buzz when it announced the listing of Floki Inu, sparking excitement and capturing the interest of crypto enthusiasts and investors alike. The FLOKI token experienced a surge in popularity as a result, with its value climbing and demonstrating strong potentials.

When Binance.US, a subsidiary of the renowned cryptocurrency exchange Binance, decided to list FLOKI, the impact was nothing short of positive. The token experienced a remarkable surge, catapulting its value by over 40% in a mere 24 hours.

The listing on Binance.US not only provided FLOKI with increased exposure but also served as a catalyst for the cryptocurrencys unprecedented growth.

FLOKIs journey continued with Binance TR. While the subsequent price rally may not have reached the same levels of extravagance as before, FLOKI still experienced a positive upward trend. Presently, on CoinGecko, Floki Inus price dances at $0.00003106, showcasing a 3.9% increase over the course of 24 hours.

Despite the recent rally, Floki Inus resilience was put to the test as it encountered a slight stumble in its seven-day performance. During this period, the altcoin experienced a dip of 3.2%, signifying a setback.

Despite the slight price rally, FLOKI experienced a notable decline in its daily active addresses throughout the past week. This significant decrease in user activity indicated a diminishing level of engagement within the FLOKI community. Additionally, the 24-hour trading volume for FLOKI witnessed a substantial increase of over 30%, which further confirmed the prevailing downtrend.

The network growth of FLOKI also suffered, pointing towards a concerning trend. The decline in network growth suggested that only a limited number of addresses were involved in transferring the meme coin.

This contraction in network activity raises questions about the overall adoption and usage of FLOKI, highlighting a potential loss of interest among investors and users.

In a disappointing turn of events, Pepecoin (PEPE), another cryptocurrency that garnered attention in recent weeks, also struggled to perform well. The lackluster performance of Pepecoin further emphasizes the overall difficulties faced by meme coins in the current market landscape.

-Featured image from EduBourse

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Can Signuptoken.com Compete Against Ethereum And Binance? – Analytics Insight

Decentralized exchanges (DEX) are becoming increasingly popular among blockchain projects as they offer benefits such as security, transparency, and independence from central authorities. Signuptoken.com is a crypto project that could potentially benefit from deploying its own DEX, joining big names like Ethereum (ETH) and Binance Coin (BNB) in the market. However, can this new crypto project challenge these established players in the crypto industry?

Signuptoken.com is a crypto project that has left many intrigued due to its mysterious whitepaper and website, which reveal very little information about the project. However, the main plan of Signuptoken.com is clear: to reach one million subscribers and update its users with regular news on the projects development.

Once the 1 million subscribers target is achieved, the projects team will send a single email to all subscribers to notify them about the tokens launch, allowing everyone to generate wealth with each other.Signuptoken.com aims to create a digital currency using this tactic on a global scale like never before. Subscribers can rest assured that the project will send a verification email to confirm their genuineness.

Ethereum is showing positive signs as its popularity grows in the crypto verse. Currently, the coins fear and greed index is at 60%, indicating a bullish sentiment among investors. This optimistic sentiment is expected to kickstart a new recovery cycle for the cryptocurrency

In addition, the intraday trading volume for Ether has reached $4.8 billion, which is a 4.8% gain, further adding to its positive momentum. With these factors in play, Ethereum is currently a coin that continues its upward trajectory.

Binance Coin (BNB) is a cryptocurrency that is possibly facing FUD (fear, uncertainty, and doubt) as investors and traders short BNB once more.

However, as of this writing, BNB costs $335.53 and has seen an increase of 3.98% within 24 hours and 1.61% within seven days. Although the community may be experiencing FUD, BNB remains an attractive investment option.

Blockchain projects that have their own decentralized exchanges (DEX) benefit from increased security, transparency, and independence from central authorities. DEX also offers lower transaction fees and more liquidity compared to centralized exchanges (CEX). Additionally, DEX eliminates the need for intermediaries and reduces the risk of hacking and fraud.

Signuptoken.com is a new crypto project that might deploy its own decentralized exchange in the future, seeing that it is less expensive but with more liquidity compared to CEX. Meanwhile, Bitcoin and Binance Coin remain good investment choices.

If you are interested in investing in Signuptoken.com, it may be worthwhile to keep an eye on this mysterious project. To be part of the journey towards generating wealth like never before, sign up on Signuptoken.com, and this might be your ticket to the millionaire club!

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken

Telegram: https://t.me/SignUpToken

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Crypto Innovations: Exploring Binance, Signuptoken.com, and the DeFi Liquidity Revolution – Coinspeaker

The crypto market and the players, blockchains, and tools involved within it never stop innovating and evolving just like us mere mortals.

The crypto market and the players, blockchains, and tools involved within it never stop innovating and evolving just like us mere mortals. Binance, the worlds largest cryptocurrency exchange, has recently announced the addition of seven new liquidity pools to its Liquid Swap service. The new pools include BTC/TUSD, SHIB/DOGE, TUSD/USDT, BEL/USDT, ID/BTC, ID/USDT, and SYN/USDT.

The addition of these new liquidity pools is in response to the increasing demand for cryptocurrencies like Bitcoin, Shiba Inu, and Dogecoin. The Liquid Swap service allows users to trade between different tokens instantly or provide liquidity to Binances pools and earn rewards as an alternative.

However, its important to note that adding liquidity into a liquid pool and becoming a liquidity provider is not risk-free. During volatile market conditions, the market price of tokens can experience significant fluctuations, resulting in a decrease in staked income or even losses.

Following the discontinuation of Binance USD (BUSD) stablecoin by Paxos due to regulatory crackdown against crypto in the U.S. Binance has displayed a growing interest in TrueUSD (TUSD) stablecoin. Due to the removal of zero-fee trading for all cryptocurrency pairs except TUSD, Binance has experienced a significant drop in BTC trading volumes across multiple pairs. However, BTC/TUSD trading volume has increased marginally.

The SHIB/DOGE liquidity pool has also gained popularity, allowing users to swap tokens at market price. The demand for both meme coins has been on the rise lately, following the beta release of Shibarium Layer-2 blockchain and Elon Musks suggestion of integrating Dogecoin into Twitter for payments. It is important to mention that the inclusion of these new liquidity pools is expected to affect the cryptocurrency market.

Its worth noting that the addition of these new liquidity pools is likely to have an impact on the cryptocurrency market. As traders and investors seek new opportunities to earn rewards by providing liquidity to these pools, the supply of these cryptocurrencies may increase. This could lead to a potential decrease in the price of these tokens as a result of increased supply.

Moreover, the announcement of new liquidity pools is indicative of the growing importance of decentralized finance (DeFi) and liquidity provision in the cryptocurrency market. DeFi is a rapidly growing sector of the crypto industry that is focused on creating decentralized financial products and services that are not reliant on traditional financial institutions. Liquidity provision is a significant component of DeFi that enables users to earn rewards by supplying liquidity to decentralized exchanges and other DeFi platforms.

Signuptoken.com is a prime example of the advancements of a DeFi blockchain with a focus on data sharing while maintaining privacy. The token for the blockchain will go live once the milestone of 1 million users has been achieved. The team behind Signuptoken.com understand the importance of community and how crucial the support of their community will be in relation to their success.

To help fast-track and accelerate the growth of its user base, Signuptoken.com has initiated an incentivized referral mechanism that will prioritize blockchain notification based on leaderboard rankings that are affiliated with the number of referrals. This factor when coupled with the no-presale motto associated with Signuptoken.com results in a unique proposition where the only investment required is an email address that needs to be verified.

In conclusion, Binances addition of seven new liquidity pools to its Liquid Swap service is a significant development for the cryptocurrency market. It highlights the importance of DeFi and liquidity provision in the industry, while also providing traders and investors with new opportunities to earn rewards.

While Signuptoken.coms ability to create a referral system with a focus on developing a blockchain that prioritizes data sharing while ensuring privacy has never been seen before. However, its important to approach these liquidity pools with caution, as they are not risk-free, and the market price of tokens can greatly fluctuate during volatile market conditions.

For More Info on Signuptoken: Website, Twitter, Telegram.

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Useful Ambiguity, UnMixed Binance, Repealed Bail and 20 Crypto … – Cryptonews

This week in crypto: Mastercards EVP said crypto and blockchain can bring much more value to financial industries, a former BNY Mellon exec argued that ambiguity may be useful in crypto cybersecurity, Ripple CEO announced a plan to utilize $1bn cash reserves for company expansion, and Elon Musk said he wasnt advising anyone to buy DOGE. US President Joe Biden blasted wealthy tax cheats and crypto traders, calling them undeserving beneficiaries of Republican lawmakers pro-crypto deals on the new budget.

Then, Reuters reported that Binance mixed company revenues with customer funds in the US, the exchange denied the claims, and Reuters said it stood by its reporting. Coinbase called on a court to issue a writ of mandamus telling the US SEC to respond to its rulemaking petition within seven days, and the exchange launched a crypto TV campaign in Washington DC. Bitget restricted the use of AI tools following troubling results and negative user experiences, while BlockFi took back earlier statements about a plan to reorganize which it said was done prematurely. Unciphered claimed to have successfully hacked into a Trezor T wallet, and ConsenSys denied allegations that MetaMask collected taxes from users.

In South Korea, the Prosecutor-General promised a thorough review of the crypto sector amid rising public suspicion about politicians and their crypto holdings, the government drafted an amendment that would require public officials to disclose their crypto holdings, and the prosecution service said it would buy new blockchain analytics software to catch people laundering crypto overseas. The US IRS will deploy experts to four continents to combat cybercrime with a focus on crypto, the Japanese government approved the adoption of the Travel Rule, Ukraines anti-corruption bureau said it was probing the crypto sector to unmask money launderers, and the IOSCO contributed to the crypto regulation discussion by releasing its own batch of crypto-focused policy recommendations. Meanwhile, financial service providers in China will allow citizens to pay for wealth products using the digital yuan.

As all the above was happening, a court in Montenegro repealed a lower courts decision to release Do Kwon on bail after the prosecutors had submitted an appeal, Shaquille O'Neal was finally served legal papers related to FTX and an NFT project, and the US CFTC charged five people for fraudulently soliciting money from more than 170 people to trade crypto for them, while the US DOJ indicted a Russian man for his alleged participation in several ransomware schemes and a US man for his role in the multi-million-dollar CoinDeal investment scheme. In Malaysia, the Securities Commission ordered Huobi to stop operations, and the police swooped on what they suspected to be an illegal, international USDT-powered crypto exchange. Meanwhile, Elliptic found that Chinese chemical producers selling fentanyl ingredients received more than $27m in crypto payments, while a scam-as-a-service company siphoned off some $6m worth of crypto from unsuspecting users.

Jokes time!

__________

Gooood morning, CT!

__

Lets start with some gatekeeping, shall we? 90s kids dont know what this is.

__

Seriously, where are we and whats happening?

__

Why would you blink? Why?

__

Now Scream: Hooodl!

__

Wise words.

__

Rich yet? Lambo soon?

__

Soon, lady!

__

Aaaand discuss.

__

Heres a bounce for you.

__

Ill take all the dips. Thaaank you.

__

May it RIP. Bit-amen.

__

'Sooo, we've done a little bit of an oopsie. Again.'

__

'I know I put them somewhere safe where only I'd find them though.'

__

Packing for the show.

__

And were live.

__

Look what youve done!

__

By 2030, all weddings will be crypto weddings.

__

But willing to go up to 5M. At this very moment. Can't guarantee the same in two minutes

__

Just do it. Be one with the meme coin. Its only natural.

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TMS Network (TMSN) Presale Is Exploding , While Binance (BNB) Ends Canada Operations, Trust Wallet Token – Bitcoinist

TMS Network (TMSN) has become the markets favorite kid after growing by more than 2800% in the initial weeks of its presale. It has made a big impact on the crypto world, and even investors of Binance (BNB) and Trust Wallet Token (TWT) are looking forward to adding TMSN to their investment portfolio for better and more stable growth.

The largest crypto exchange, Binance (BNB), has announced that it will cease its operations in Canada due to government regulations. While announcing the decision, Binance (BNB) stated that the newly-released guidelines by the Canadian government have made the country no longer tenable for the exchange. Recently, Canada prohibited crypto trading platforms, including Binance (BNB), from allowing customers to deposit or buy stablecoins without the CSAs prior approval.

Binance (BNB) also objected to guidelines related to the investor limits provided to crypto exchanges in the country. Binance (BNB) has been under government scrutiny for the past many months. Subsequently, bears have caused a decline of 4% in the price of Binance (BNB) on the monthly chart. Currently, Binance (BNB) is changing hands at $314.09.

Trust Wallet Token (TWT) has launched a browser extension in beta. The price of Trust Wallet Token (TWT) increased by over 1% after the launch of the browser extension. As a result, Trust Wallet Token (TWT) is currently available to trade at $1.12. With this browser extension, Trust Wallet Token (TWT) aims to enhance the experience of its users, and compete with its rival, Metamask.

The Trust Wallet Token (TWT) extension will support Ethereum, Solana, and all EVM tokens. Users will be allowed to download the extension from the official website of Trust Wallet Token (TWT). The announcement of the update has positively impacted the price movement of Trust Wallet Token (TWT).

TMS Network (TMSN) is a first-of-its-kind blockchain platform that has disrupted the online exchange industry. TMS Network (TMSN) offers an all-in-one trading exchange, and enables traders to trade several asset classes, such as equities, cryptocurrencies, CFDs, Forex, and many more, with a single account.

TMS Network (TMSN) has utilized smart contracts to guide all transactions on the platform. Since the platform is free from any middlemen, it can process faster transactions at a lower cost. TMS Network (TMSN) has also resolved grave problems like price manipulation, and wash trading. This cross-chain network has deployed trading bots, an advanced strategy builder, and a robust back tester, to assist traders in making informed and profit-oriented trades.

TMS Networks (TMSN) most renowned innovation is its commission-sharing model. The platform generates a big part of its revenue through a fee charged on each successful trade. This fee is usually a tiny percentage of the trade amount, and the revenue generated through it is shared among all TMS Network token holders.

TMSN will be the native token of the platform, and its holders will be entitled to participate in the decision-making process of the network, and vote on crucial resolutions. Post presale, TMS Network developers will launch TMSN tokens on the Uniswap exchange. TMS Network (TMSN) has completed the initial two presale stages with exceptional growth, and stage 3 is promising a further rise. Witnessing a mammoth rise of more than 2800% within the first few weeks of its launch, the current buying price of TMSN tokens has risen to $0.093 from $0.003.

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/TMSNetworkIO

Twitter: https://twitter.com/tmsnetwork_io

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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TMS Network (TMSN) Presale Is Exploding , While Binance (BNB) Ends Canada Operations, Trust Wallet Token - Bitcoinist

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Blockchain To Revolutionize Transactions: Binance CEO’s Vision … – Investing.com

Worlds leading crypto exchange Binances CEO Changpeng Zhao recently had an interview with the Asian Leadership Conference. Binances official Twitter posted about the same sharing Zhaos words stating Blockchain will be successful enough that we dont have to use that word anymore.

During his conversation with Park Sunyoung, Assoc. Professor at the Economics Department, and Dean of International Affairs at Dongguk University, Zhao expressed how the Internet is not spoken of in todays world, only the actions associated with it such as watching a video online,

Zhao feels that the future will be similar for blockchain and people will lose the technical jargon. For instance, he shares,

Moreover, he imagines that people in the future will connect with workers globally and pay them in the form of cryptocurrency or stablecoins. Similarly, people will own digital wallets on their phones without talking about private keys.

Zhao adds that if today a person is using digital money, digital identity, or anything that is transactional, they will eventually use blockchain in the future as these things will be 99.99% replaced by blockchain technology.

However, he clarifies that while in 20 or 30 years Blockchain will potentially replace anything that is transactional, some web2 experiences like reading a book will remain as it is.

In other news, Binance recently gained approval to operate in Thailand in a joint venture with Gulf Binance. According to the announcement, the collaborative effort has been granted licenses as a digital asset operator by Thailands Ministry of Finance for a digital asset platform. The platform will be regulated by the countrys Securities and Exchange Commission, and the plan is to commence operations in Thailand by the fourth quarter of 2023.

The post Blockchain To Revolutionize Transactions: Binance CEOs Vision For Future appeared first on Coin Edition.

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