Showing posts with label binance. Show all posts
Showing posts with label binance. Show all posts

Ripple Team MOCKS The SEC Following Another Legal Win "This is not a settlement - This is a surrender by the SEC"...

SEC vs Ripple

The SEC's legal battle against Ripple involved coming after them on 2 fronts - first was their claim the company illegally profited by selling an unlicensed security (XRP Tokens) violating the Securities Act of 1933. The second targeted the company's co-founders Christian Larsen and Bradley Garlinghouse, saying they were the ones who made the decisions at the company, so they were charged with "aiding and abettting”.

Today, the SEC's targeting of Larsen and Garlinghouse has officially come to an end as District Judge Analisa Torres announced that the US securities regulator notified the court that it would not continue in the case and has issued a “voluntary dismissal”.

Ripple's lead lawyer Stuart Alderoty shared the news first saying;

"The SEC made a serious mistake going after Brad & Chris personally – and now, they’ve capitulated, dismissing all charges against our executives. This is not a settlement. This is a surrender by the SEC.

That’s 3 consecutive wins for Ripple including the July 13 decision ruling that as a matter of law XRP is NOT a security, the Oct 3 decision denying the SEC’s bid for an interlocutory appeal, and now this." on X.

Current CEO Brad Garlinghouse responded saying;

"In all seriousness, Chris and I (in a case involving no claims of fraud or misrepresentations) were targeted by the SEC in a ruthless attempt to personally ruin us and the company so many have worked hard to build for over a decade.

The SEC repeatedly kept its eye off the ball while secretly meeting with the likes of SBF – failing again and again to protect US consumers & businesses. How many millions of taxpayer $ were wasted?! Feels good to finally be vindicated."

FTX a Massive Blemish On An Already Troubled SEC...

The SEC's 'crack down' on crypto has targeted companies like Coinbase, Binance and Ripple - but where are the investors accusing these companies of wrongdoing? Who did Coinbase, Binance, or Ripple scam? You would think reddit and other crypto related forums would be full of these complaints, but when searching for terms that should lead to them, nothing is found.

While the SEC was busy targeting these companies, FTX was actively misusing users funds and behaving suspiciously fearless of being caught.  Ironically, it was one of the people under SEC investigation who brought the FTX issue to light - Binance CEO 'CZ'.

This means if CZ had not exposed Sam Bankman-Fried, FTX would still be freely spending their users funds, while their top 2 competitors faced SEC harassment - suspicious to say the least.

It makes you wonder - could SEC deliberately be hiding corruption by appearing ignorant and disorganized? 

The Strangest Contradiction...

The most alarming and confusing factor in the SEC's current actions has to be the fact that the SEC evaluated Coinbase just a couple years ago, when they approved the company to go public and sale shares of their stock.  This process involves a deep evaluation of the business, and obviously, if a business's main source of income was unlawful, they would not have been approved.

But they were approved. Coinbase even passed a phase where the SEC asked questions about any parts of the business they wanted clarification on, Coinbase answered them, and they were approved. 

Nothing has changed since Coinbase was worthy of SEC approval. There's no new leadership at the SEC since they deemed Coinbase's business legitimate just two years ago, Coinbase isn't offering anything now that they were not then. But seemingly out of nowhere, suddenly Coinbase is operating outside of the law. 

So SEC saying;  just because they approved a company seeking approval to go public and sell share shares on the stock market, it does not mean that company is legitimate - no one has been able to make sense of why the SEC is now undermining themselves in such an extreme way.

Next For Ripple...

While the charges against company founders are dropped, the case against the company itself is still considered ongoing.  While the SEC lost on their first attempt, the last statement from them was that they are appealing that decision.

But some say dropping the charges against the founders is a sign they may do the same with the charges against the company - because if the company is guilty, those running it would be as well - it would be odd to drop one and not the other.

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Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News


Binance Copy Trading: It's FINALLY Here! The Best Crypto Copy Trading Platform - Tools, Tips and How To Start in Just MINUTES...

Photo of a crypto traders doing binance copy trading

The shortcut to trading like a pro... literally, EXACTLY like one. 

The concept of copy trading isn't new, most have probably heard of it or even used it on another platform, but none even a fraction of the size of Binance, making this truely feel like a completely new experience. 

We've watched the concept continually grow each year, but it's no surprise people want to mirror the strategies of successful traders, removing the stress and benefitting from their tried-and-true tactics.

However, with Binance Copy Trading finally becoming a reality, you can now the follow top traders on the largest exchange in the world, which makes it a very different experience from the smaller exchanges where you may have already tried copy trading..

Copy Trading on Binance is Different than All Other Exchanges...

First, the best traders (the ones you actually want to copy) typically use Binance. When it comes to true professional traders, who trade crypto as their full-time job - odds are they're doing it on Binance. 

The second reason (and a big reason why so many pro traders use Binance) is liquidity. Because of the platform's popularity, trading volume is high, sellers typically find buyers fast, and visa versa.  Most aren't aware of just how massive Binance is - their daily trading volume has recently been around $6 billion per day.  The #2 exchange is Coinbase, which has about 10% of that.

While liquidity is an important factor regardless of what method you're using to trade, it's especially important when you're doing anything that automates your trades, weather that be using a trading bot or copy trading.  You don't want to see it wasting a lot of time just trying to get in or out of trades. 

Not Just for Beginners...

Obviously someone just getting in to crypto would benefit the most from copy trading, I know I wish this existed when I was a newbie.

But experienced traders also know there's too many coins, and too many hours in a day to catch every profitable trade. 

Deciding who to copy isn't a roll of the dice, you get access to trader stats and can see a breakdown of their performance based on the last 7 days, 30 days, or 90 days. 

Binance Copy Trading choices are shown here
Take a deep look in to lead trader's stats before copying them. 

Now pro-traders basically have a new partner in their business, one who's just there to make savvy investments, or quickly adjust your sails as the market winds shift - together conquering the often stormy seas of crypto trading.

If You Don't Profit, They Don't Either...


The lead traders you copy are rewarded by getting a 10% cut of whatever profits they earn you - so they're motivated to make the best trades possible, otherwise, they don't earn anything either.

A quick tip for selecting the right people to copy - click on the user name from the main list of lead traders (shown in the screen shot above) this will bring you to that users profile.  From there, toggle between the options of viewing their history for 7 days, 30 days, and 90 days.  Someone may have had a good week, but then you discover that over 30 days their followers actually took a loss.

We recommend using this method to find the best lead traders to copy and only following those who are profitable in all 3 time frames. There's so many choices, there's no reason not to.

Or Let People Copy YOU...


Are you so good at predicting the market, people will want to follow your lead? Seasoned traders get the chance to make a name for themselves and earn some extra income by applying to become a 'lead trader'

Lead Traders will earn 10% profits from the earnings of Copy Traders that follow them. To illustrate, if a Copy Trader accrues a total profit of $50

How To Start Copy Trading on Binance in 5 Minutes...


If you're a Binance user there's just two quick steps to begin by creating your free account and linking your Binance account to TraderWagon, no API keys needed. Unlike bots that work on Binance, they are actual partners so copy trading is seamlessly implemented.

Binance copy trading
Setup is quick and easy, you can be up and running in 5 minutes!

It's all done without your funds ever leaving your own wallet.  At no point is your personal info or wallet info shown to another trader, and you are still the only one able to withdraw funds.

Use this special invite link and your account will receive a discount on trading fees!

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Author: Jules Laurent
European Newsroom


Binance CEO ANGRY at Rival Exchange FTX, Announces Sell-Off Of OVER $2 BILLION USD Worth of Holdings of FTX's Native Token FTT...

FTT FTX Binance CZ

"Regarding any speculation as to whether this is a move against a competitor, it is not" said Binance CEO 'CZ' on Twitter, while confirming "recent revelations that have come to light" are behind a decision to sell-off $2.1 billion USD worth of FTT, the native token of rival exchange FTX.

Binance first obtained the tokens last year, as part of their payment from a pre-planned exit from investment in FTX equity.

Can't Have it Both Ways...

CZ first attempts to include the FTT sell-off as part of everyday 'business-as-usual' saying:

"Liquidating our FTT is just post-exit risk management, learning from LUNA."

That sounds like he's saying it's a purely strategic move, like the reasoning behind it could be something as simple as not believing the bear market has hit bottom - until in his next sentence where he immediately makes it clear - there's more to this story.

"We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards."

FTX is accused as a company, or perhaps CEO Sam Bankman-Fried himself of doing something behind the scenes, with at least the goal of hurting a competing crypto company...

At least that seems to be the accusation CZ, the Binance CEO, is making, although vaguely, and because of their mention of LUNA (which famously crashed, then crashed the market, and never recovered) and FTT together - the FTX CEO has been trying to assure customers that their token has none of the same risk factors (and from what we can see, that's true).

Any comparison of FTT with LUNA is a bit unfair...

There's no reason for CZ to bring back memories of the LUNA disaster when mentioning FTT - none of LUNA's risk factors can be applied to FTT.

"A competitor is trying to go after us with false rumors. FTX is fine. Assets are fine" said CEO Sam Bankman-Fried his first public response.

However - Binance CEO CZ has proven to be a level-headed voice of reason in the industry, and seems to have a reasonable outlook on the 'big picture' of cryptos future - so if he's accusing FTX or their CEO of crossing a line, it's probably true. 

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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News







Binance CEO's 3 Reasons for Investing in Musk's Twitter Buyout...

Binance twitter investment

Why did Elon Musk's purchase of Twitter include $500 million from Binance, the biggest cryptocurrency exchange in the world?

The exchange platform's creator and CEO, Changpeng Zhao, well known by his alias CZ, explained the decision today.

CZ gave three reasons for why Binance was backing Musk's Twitter campaign...

First, to support international freedom of expression. That is exactly how he sees the social network. He said, "That is something incredibly significant."

Second, Binance likes supporting "excellent entrepreneurs." The CEO of Binance believes that Elon Musk, the founder of firms like Tesla and SpaceX, is a fantastic businessman.

Third, the potential for Twitter to develop into a "super app". Musk himself had previously made a comment about this. Zhao likens WeChat, a Chinese platform that combines a social network, a commerce site, and a way to make payments, to Twitter.

“We want to help bring Twitter to Web3 and help solve problems like charging for subscriptions. Something that could be done very easily globally using cryptocurrencies as a means of payment.” Changpeng Zhao, CEO of Binance added.

CZ rushed in as soon as Musk announced his desire to buy the social network, making little effort to keep their $500 million contribution to the buyout a secret.

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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News