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Cristiano Ronaldo unveils 4th NFT collection with Binance despite $1B lawsuit – Cointelegraph

Portuguese football superstar Cristiano Ronaldo has announced the launch of his fourth non-fungible token (NFT) collection in partnership with Binance.

The new collection, set to launch on 29 May to the Binance NFT Marketplace, will celebrate the footballer's history and features highlights from throughout his storied career.

Per a blog post from Binance, Cristiano Ronaldo commented:

The number of NFTs contained in the new collection wont be announced until the series launches and theres so far been no mention of price. However the post did state that the price will be the same for every Normal NFT while pricing for the the final Super Rare NFT in the collection the collection will differ.

Previous NFT events featuring Cristiano Ronaldo have come with perks outside of the digital realm including a premium experience where holders were invited to play football with the legend himself as part of the Binance promotion.

As Cointelegraph reported back in November of 2023, the football superstar was sued in a class action lawsuit in a United States district court in Florida over his previous participation in NFT collection sales with Binance.

The plaintiffs in the suit claimed Ronaldo promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance, and that he should have known that Binance was involved in such activities.

Related: Chasing Ronaldo: Binance users to employ creative tactics in class-action lawsuit

The suit against Cristiano Renaldo stemmed from Binances previous legal issues culminating in founder Changpeng CZ Zhao being found guilty in the U.S. of enabling fraud. He was sentenced in April of 2024 to serve four months in detention for his part in an alleged money laundering scheme.

Magazine: Binance hits back at WSJ, Hong Kong crypto ETFs take $50B equivalent

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‘Binance Executive Gambaryan Remanded In Kuje Prison Seriously Ill, May Die Of Malaria’, Lawyer Appeals To Court – SaharaReporters.com

Mr Tigran Gambaryan, an executive of cryptocurrency firm Binance Holdings Limited, standing trial alongside the company in Nigeria, may die in Kuje Correctional Centre, Aluko & Oyebode and Co., the law firm representing him in the case has said.

Gambaryan is facing a money laundering charge.

SaharaReporters earlier reported that Gambaryan slumped in a Federal High Court in Abuja on Thursday.

The drama occurred shortly after the matter was called for trial continuation before Justice Emeka Nwite.

However, the law firm in a letter addressed to the Deputy Chief Registrar of the Federal High Court (FHC) and signed by a Partner, C.J. Caleb said the suspect may die of malaria in Kuje Correctional Centre.

The letter dated and filed on May 23, which was obtained by NAN, was titled: Re: Charge No: FHC/ABJ/CR/128/2024 Application for the Provision of Medical Treatment to Mr. Tigran Gambrayan at Nizamiye Hospital.

The lawyer, therefore, raised the alarm over Gambaryans continued stay in the correctional facility, expressing fear for his life amid his alleged deteriorating health.

Caleb said: We continue to act as counsel to Mr. Tigran Gambaryan, the 2nd defendant in the captioned suit pending before the Honourable Justice E. Nwite sitting at Court 9 of the Federal High Court, Abuja.

"Gambaryan, the Head of Financial Crimes Compliance of the cryptocurrency platform, broke down on Wednesday (May 22) in prison and was administered with Intravenous (IV) treatment for malaria by the medical personnel.

Please be informed that the 2nd defendant, who is an American citizen and remanded at the Kuje Medium Correctional Facility is very ill and requires comprehensive medical attention at the best available hospital within the jurisdiction of this honourable court.

The applicant broke down yesterday and the medical facility gave him Intravenous (IV) treatment for malaria.

The Consul Officer at the United States Consul Office in Abuja, emphasised the need for the applicant to receive comprehensive treatment because malaria is a severe disease for American citizens which can result in death because they do not have the immunity that ordinary Nigerians have against the disease.

Caleb said the defendant equally suffered from throat infection and added that the Kuje Medium Correctional Facility is currently undergoing renovation works.

He said given the situation, the suspect should be transferred to Nizayime Hospital, Abuja, to receive comprehensive diagnoses and treatment for the preservation of his Iife.

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'Binance Executive Gambaryan Remanded In Kuje Prison Seriously Ill, May Die Of Malaria', Lawyer Appeals To Court - SaharaReporters.com

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Cristiano Ronaldo Announces Fourth NFT Collection with Binance – Blockonomi

Football icon Cristiano Ronaldo has announced the launch of his fourth non-fungible token (NFT) collection, set to release on May 29, 2024, in collaboration with cryptocurrency exchange Binance. The collection aims to celebrate Ronaldos illustrious career by featuring highlights from his football journey, appealing to the growing demand for unique digital assets in the NFT market.

This latest release is part of an ongoing multi-year partnership between Ronaldo and Binance, which began in November 2022 with the footballers debut NFT collection.

The first collection showcased iconic moments from Ronaldos career, with the rarest items selling for nearly $10,000.

While specific details about the number of NFTs and pricing for the new collection have not been disclosed, Binance has stated that the price will be consistent for every Normal NFT, while the pricing for the final Super Rare NFT will differ.

Previous NFT events featuring Ronaldo have included unique perks, such as inviting holders to play football with the legend himself as part of a Binance promotion.

However, the partnership between Ronaldo and Binance has faced legal challenges. In December 2023, Ronaldo was sued in a $1 billion class-action lawsuit in a United States district court in Florida. T

he plaintiffs alleged that Ronaldo promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance and that he should have known about Binances involvement in such activities.

The lawsuit against Ronaldo stemmed from Binances previous legal issues, which culminated in founder Changpeng CZ Zhao being found guilty in the U.S. of enabling fraud. Zhao was sentenced in April 2024 to serve four months in detention for his alleged role in a money laundering scheme.

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Binance Futures to Update Leverage & Margin Tiers for USDS-M and COIN-M Perpetual Contracts – Blockchain.News

Binance Announces Leverage and Margin Tier Updates

According to an official announcement from Binance, the platform will be updating the leverage and margin tiers for several USD-M and COIN-M Perpetual Contracts. This update is scheduled to take place on May 28, 2024, at 10:30 (UTC). The changes are expected to be implemented within approximately 30 minutes.

Binance has reassured its users that existing positions opened before the update will not be affected. This move aims to optimize the trading experience for users and ensure a more balanced trading environment.

The specific changes to the leverage and margin tiers have not been disclosed in the announcement. However, traders can expect detailed information to be made available on Binances official channels. For those interested in the exact adjustments, Binance advises checking their official announcement page.

The update follows Binance's ongoing efforts to enhance the trading experience on its platform. The company regularly updates its contract specifications to adapt to market conditions and user feedback. This ensures that traders have access to the most competitive and secure trading environment possible.

Binance has issued a disclaimer, highlighting the risks associated with digital asset trading. The platform emphasizes that digital asset prices can be highly volatile, and the value of investments may fluctuate. Traders are reminded that they are responsible for their investment decisions and that Binance is not liable for any losses incurred.

Futures trading, in particular, carries high market risk and price volatility. Traders may be required to make additional margin deposits or interest payments at short notice. Failure to meet these requirements could result in the liquidation of collateral without consent. Binance advises all users to perform an independent assessment of the appropriateness of their trading activities in light of their own objectives and circumstances.

For more detailed information, traders can visit Binances Responsible Trading page. Additional terms and risk warnings can be found on Binances Terms of Use and Risk Warning pages.

Binance reserves the right to amend or cancel this announcement at any time and for any reason without prior notice. Users are encouraged to stay updated with the latest information by following Binances official channels.

For those who prefer to trade on-the-go, Binance offers a crypto trading app available for both iOS and Android devices. More details can be found on Binances official website.

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Binance Pool Announces New Promotion for BTC and CKB Miners – Blockchain News

According to a recent announcement from Binance, the leading cryptocurrency exchange and trading platform, Binance Pool is excited to launch a new promotion. This initiative allows all users who mine CKB or BTC to share an extra bonus of 30,000 CKB during the promotion period.

The promotion period runs from 2024-05-27 00:00 (UTC) to 2024-07-25 00:00 (UTC). During this time, miners of CKB and BTC will have the opportunity to earn a share of the 30,000 CKB bonus. The rewards will be distributed amongst the leading 100 miners who participate, based on their total net hashrate contribution.

Eligible miners will be ranked, and the top 100 will each receive a portion of the bonus. This promotion aims to incentivize more users to join Binance Pool and enhance their mining activities.

Binance encourages all users to take advantage of this promotion and support the mining community. For more details, please visit the Binance Pool page.

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Everything You need to Know about Ethereum ETF for BINANCE:ETHUSDT by pejman_zwin – TradingView

Today seems to be the time to decide about the Ethereum ETF. (The cryptocurrency market may get excited when the result is announced, so be careful with your positions).

Let's take a look at what happened to Bitcoin when the Bitcoin ETF was adopted.

When the Bitcoin ETF was approved, Bitcoin corrected about 20% and this correction lasted about 12 days. This happened seemed to express the proverb, "Buy the Rumor, Sell the News".

Now let's check the Ethereum chart.

Ethereum has managed to break the Heavy Resistance zone (now the Heavy Support zone($3,580-$2,930)) of Ethereum with the help of the Classic Falling Wedge Pattern. It is currently moving near the Resistance zone($4,380-$3,950).

According to the Elliott wave theory, Ethereum seems completed the microwave 3 of main wave 3. Ethereum seems to be completing microwave 4 of the main wave 3 right now.

Let's look at the ETHBTC chart and see how much Ethereum will be affected by the growth or decline of the cryptocurrency market.

ETHBTC seems to be trying to break the important Resistance line and Resistance zone, and this is a good sign for Ethereum and most altcoins. If the cryptocurrency market starts to increase, it seems that Ethereum will get a larger share of this increase. It could be a sign for Altseason.

But right now it seems that ETHBTC should have a correction to the Support zone or Fibonacci lines.

If you want to open a position on Ethereum, it is better to have a short position, because if Ethereum ETF is approved, the same scenario as Bitcoin may happen to it, and if it is not approved, the possibility of a fall is very very high, so the risk of a short position may be less now. What is your idea

Note: If the Ethereum ETF is not approved, you better wait because Ethereum is likely to lose the Heavy Support zone($3,580-$2,930), and this shock will also affect Bitcoin and other Tokens.

Note: An important point you should always remember is capital management and lack of greed.

Ethereum Analyze ( ETHUSDT ), 4-hour time frame .

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ' like' button & Share it with your friends; thanks, and Trade safe.

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Millions of XRP Withdrawn From Binance Raises Questions – Times Tabloid

A recent large-scale withdrawal of XRP from Binance, the worlds leading cryptocurrency exchange, has sparked curiosity within the crypto community.

According to a report by Whale Alert, a service that tracks large crypto transactions, a total of 19.21 million XRP, valued at about $10.01 million, were transferred from an address on Binance (rDAE) to an unknown recipient (rarG6).

Read Also: Hundreds of Billions of SHIB Withdrawn from Coinbase Spark SHIB Army Reactions

This transaction is noteworthy for several reasons. Firstly, the size of the funds withdrawn suggests it originated from a large investor or institution. Traditionally, large withdrawals from exchanges are viewed as a bullish signal, indicating investor confidence and a potential intention to hold the asset for a longer period.

Secondly, the destination address, rarG6, while not entirely new, has a history of receiving large XRP transfers. Its most recent transaction, originating from Binance, occurred in January of this year.

However, this address exhibits a pattern of frequent outgoing transactions, potentially suggesting it functions as an intermediary wallet for a centralized exchange or another custodial service.

XRP has remained relatively stable throughout 2024, fluctuating between $0.48 and $0.56 since April. This stability is interesting given the bursts of XRPs trading activity. These surges have occasionally seen trading volumes increase by over 50%, highlighting sustained investor interest in XRP.

While the specific reasons behind this withdrawal remain unclear, there are a few potential explanations:

Institutional Investment: The size of the transaction suggests a potential institutional investor moving XRP to a private wallet for secure, long-term storage. This could signify growing institutional interest in XRP and the broader cryptocurrency market.

Exchange Housekeeping: The withdrawal is possibly part of an internal housekeeping process by Binance, potentially moving funds between wallets for operational reasons. However, the frequent outgoing activity from the recipient address, rarG6, weakens this explanation.

Over-the-Counter (OTC) Trade: The transfer could be linked to an OTC trade, where large investors trade directly with each other outside of a traditional exchange. OTC trades often involve significant sums and may not be publicly disclosed.

Read Also: 3.3T SHIB Withdrawn From Exchanges, As Selling Pressure on Shiba Inu Sees Drastic Reduction

This large withdrawal, while shrouded in some mystery, serves as a reminder of the ongoing dynamics within the cryptocurrency market. It highlights the presence of large investors and the potential for significant capital flows, even amidst periods of relative price stability.

Further developments, such as regulatory clarity or the successful implementation of Ripples cross-border payment solutions, could significantly impact XRPs price and market position.

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Binance exec is hospitalised as spouse decries ‘unjust detention’ following collapse in Nigerian courtroom – DLNews

Binance executive Tigran Gambaryan was hospitalised Thursday after fainting in a courtoom in Abuja, Nigeria, during his money laundering trial, DL News has learned.

Justice Emeka Nwite directed Nigerias prison authorities to take Gambaryan to Nizayime Hospital, an upscale private medical facility in Abuja for treatment, according to a person familiar with the order.

Meanwhile, Yuki Gambaryan, the wife of the jailed Binance man, lambasted Nigerian authorities for incarcerating and mistreating her husband.

The conditions in the notorious Kuje Prison are, in a word, devastating.

Yesterday, despite numerous signs of severe illness, my husband was still required to appear in court, where he later collapsed, Yuki said in a statement sent to DL News.

The conditions in the notorious Kuje Prison are, in a word, devastating, Yuki said, referring to the facility where Tigran has been held for the last seven weeks while he is being tried on a money laundering charge.

My husband is a strong, healthy person but he is facing an environment that would bring even the strongest among us to our knees.

On Thursday, Gambaryan, 40, Binances US-based head of financial crime compliance, fainted as he stepped into the dock to face charges he engaged in a $35 million money laundering scheme with his employer.

Gambaryan has been incarcerated in Kuje Prison since April 8 after pleading not guilty to the money laundering charge filed by Nigerias Economic and Financial Crimes Commission.

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On May 17, the opening day of his trial, a judge denied Gambaryan bail on the grounds he is a flight risk.

Kuje Prison is a pre-trial detention facility in Abuja, Nigerias capital, notorious for holding suspected Boko Haram and Islamic State terrorists.

Even as one of Gambaryans lawyers assisted him on Thursday, his lead lawyer, Mark Mordi, pleaded with the court to provide urgent medical care for the Binance executive.

Gambaryans next court appearance is slated for June 14 when he will be arraigned on tax violation charges filed by Nigerias Federal Inland Revenue Service. Thats a separate criminal indictment from the EFCCs money laundering case.

His money laundering trial has been postponed until June 20.

Gambaryans travails began when he was detained on February 26 after a meeting with Nigerian officials to settle a regulatory dispute regarding Binances impact on the nations troubled currency, the naira.

He was detained alongside Nadeem Anjarwalla, Binances regional manager based in Kenya when they both refused to hand over customer information of the companys Nigerian users.

Anjarwalla, a British lawyer, escaped detention a month later with a Kenyan passport and is the target of an Interpol red notice.

With Anjarwalla in the wind, Nigerias government has tightened its grip on Gambaryan with prosecutors saying they must do so because Binance has no face in Nigeria.

However, Gambaryans lawyers have countered this stance describing their clients ordeal as state-sanctioned hostage-taking.

Gambaryans family also appealed for his release amid his current health crisis.

This punitive punishment against Tigran in an effort to target his employer has gone on long enough, Yuki said. My husband is sick, he needs help.

Please show some sense of humanity.

Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. To share tips or information about stories, please contact him at osato@dlnews.com.

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BNB June Forecast: Is $700 On Cards For Binance Coin? – Watcher Guru

Binance Coin, or BNB, is a leading crypto token that is steadily carving its own pace. The token has been up 5% in the last week, trading at a price threshold of $614. With the current bullish onset of the market, several notable crypto analytics platforms have forecasted fresh predictions for the token based on the current market trajectory and pace.

Per CoinCodex, BNB can achieve a critical price milestone in the month of June, including heading towards a new ATH, if it continues to leverage the bullish phase of the market.

Also Read: BONK Claims $2 Billion Market Cap: How High Can It Trade This Weekend?

Launched as a central coin powering the Binance cryptocurrency exchange, BNB has come a long way since its inception in 2017. Since then, the token has been serving the exchange by facilitating a wide variety of functionalities, including helping users avail a discount on Binance while transacting via BNB coin.

Per CoinCodex, BNB may spike by 19% to trade at a new price mark of $700 by June 20. With Bitcoin steadily ascending towards $70K, the altcoin market is expected to reciprocate accordingly, presenting stellar price values to market traders.

According to our current Binance Coin price prediction, the price of Binance Coin may rise by 19.54% and reach $735.81 by June 22, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 76 (extreme greed). Binance Coin recorded 14/30 (47%) green days with 2.44% price volatility over the last 30 days.

Per CC, Binance Coin is also predicted to rise by 4%, trading at a $652 price value by May 30, 2024.

The Binance Coin price forecast for the next 30 days is a projection based on the positive and negative trends. Based on these Binance Coin projections, BNB may trade at $652.81 on May 30, 2024, gaining 6.05% in the process.

Also Read: Cardano: Heres When ADA Can Peak To $2.22

2024 will always be dubbed a special for the overall cryptocurrency market. The vertical documented the bullish phase of the market that helped push Bitcoin and altcoins to touch new price highs. The tidal wave of this phase also helped BNB cross critical price markers to gain further traction.

Per CoinCodex, BNB may trade at the $1,025 price mark by the end of 2024.

Binance Coin may trade within a range of $614.53 and $1,025.59. If it reaches the upper price target, BNB could increase by 66.85% and reach $1,025.59.

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BNB June Forecast: Is $700 On Cards For Binance Coin? - Watcher Guru

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Binance to Support Neo (NEO) Network Upgrade and Hard Fork – Blockchain News

Binance Announces Support for Neo Network Upgrade and Hard Fork

As per a recent announcement by Binance, the world's largest cryptocurrency exchange by trading volume, it will be supporting the Neo (NEO) network upgrade and hard fork. The upgrade and fork are expected to improve the overall user experience on the Neo network. The announcement was made on Binance's official site on May 24, 2024, according to Binance.

Starting from approximately 05:00 (UTC) on May 27, 2024, Binance will suspend the deposits and withdrawals of tokens on the Neo network during the upgrade and fork. However, the trading of tokens on the network will not be impacted. Binance assures that it will handle all technical requirements involved for all users. Deposits and withdrawals will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted about the reopening of these services.

The network upgrade and hard fork will take place at the block height of 5,450,000. For more information about the upgrade and fork, users can refer to the announcement from the project team. Binance thanks its users for their support during this time.

Binance, being a leading player in the crypto space, continues to provide support for significant events in various crypto networks. The support for the Neo network upgrade and hard fork is another example of this. It is essential for users of the Neo network to be aware of the temporary suspension of deposits and withdrawals and to make necessary arrangements.

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