Binance Square

Utilityman

Web3 Product Designer | Africa Crypto advocate | #SAFU
ເປີດການຊື້ຂາຍ
ຜູ້ຊື້ຂາຍຊົ່ວຄາວ
4.7 ປີ
31 ກໍາລັງຕິດຕາມ
37 ຜູ້ຕິດຕາມ
34 Liked
0 ແບ່ງປັນ
ໂພສ
Portfolio
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There’s something he knows that we don’t!!!!😕
There’s something he knows that we don’t!!!!😕
Nolan RR
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ສັນຍານກະທິງ
$ZEC ,My friend is holding 139+ BTC,😳💰
That’s over $14 million all in ZEC.
The confidence level is insane.🔥
Not everyone can hold like this!💎🙌
May be $ZEC is next $BTC 👀🚀
You will get more opportunities bro You just have to be willing to HODL a little longer $MYX $COAI $AIA pumps were face melting and i was privileged to print just because i held
You will get more opportunities bro
You just have to be willing to HODL a little longer
$MYX $COAI $AIA pumps were face melting and i was privileged to print just because i held
Sniper-007
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ສັນຍານກະທິງ
Can’t believe it… I missed the jackpot 😭
$200,000 profit gone just like that!
Sold all my $AIA way too early, biggest mistake ever 😩
My friend said “hold it,” but I didn’t listen 💔
Now watching #ALPHA closely, this one could be next 👀
#USGovShutdownEnd? #AIA #CryptoIn401k #PowellWatch
Amazing project Vibrant community
Amazing project
Vibrant community
Eliza Ross
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Boundless — The Future of Scalable Zero-Knowledge Proof Infrastructure
@Boundless is building a next-generation zero-knowledge proving infrastructure that aims to transform how blockchains, applications, and rollups handle scalability and verification. In today’s blockchain world, generating and verifying proofs is often expensive and slow. Boundless changes this by introducing an open, efficient, and interoperable system that allows networks to use external prover nodes instead of building their own.
At the heart of Boundless is zkVM technology, which separates heavy computation from on-chain activity. This means complex proof generation happens off-chain, while verification remains fully secure and on-chain. The result is a significant reduction in cost and an increase in transaction throughput, making blockchain systems faster and more affordable for both developers and users.
#boundless also focuses on interoperability. Its infrastructure is designed so that any blockchain or rollup can connect and use the same network of prover nodes. This creates a shared layer of scalability across multiple ecosystems instead of each one having to maintain its own proving setup. By simplifying integration and improving efficiency, Boundless helps projects save resources while unlocking better performance and flexibility.
The platform’s approach reflects a broader industry shift toward modular architectures—where specialized layers handle distinct tasks. Boundless fits perfectly into this model, offering dedicated proof generation that strengthens the overall blockchain stack without compromising decentralization or security.
With its scalable proving network, cross-chain compatibility, and zkVM-powered efficiency, Boundless is positioned to become the backbone of the zero-knowledge economy. It enables a future where verification is universal, computation is offloaded, and blockchain performance reaches new levels of speed and scalability.

#Boundless $ZKC
{spot}(ZKCUSDT)
More than enough Rich Thanks for the insightful convo🎉
More than enough Rich
Thanks for the insightful convo🎉
Richard Teng
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Started the morning of Day 2 of #Token2049 with a round of great interviews.

Always valuable to exchange perspectives with key voices in the industry.

Looking forward to the rest of a packed day!
Bukding with binance This experiences comes on handy
Bukding with binance
This experiences comes on handy
M-H-shafiq
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Free Earnings upto $500 without investment in (2025).
How I Have Earned 878 Dollars on Binance Without Any Investment.
Let me explain step by step..
If you need $5 dollars, go to the pinned post on my account and congratulations to you 🔥 Many beginners think that you need money to start earning from Binance.
But the truth is completely different: Binance offers 100% free opportunities to earn without putting in a single dollar! 💸
Personally, I was able to reach a total profit of 786 dollars without investing anything.
How? Let me explain 👇
🔑 Step 1: Create and verify your account
Sign up for Binance.
Complete KYC (identity + selfie).
Enable 2FA for security.
✅ Now your account is ready to start earning for free.
🎓 Step 2: Learn & Earn
Watch short videos + read educational articles.
Answer simple quizzes → earn free coins (BNB, USDT, AVAX…).
💡 I received rewards worth 20$ and the currency later rose to 50$.
📝 Step 3: Write2Earn (Binance Square)
Write articles/analyses/insights on Binance Square.
The more interaction increases → the more your rewards increase.
💡 Personally, I earned over 450$ from writing daily posts.
🎁 Step 4: Campaigns + Airdrop
Binance organizes "Trade to Win" or "Hold to Win" campaigns.
You collect free tokens without any deposit.
💡 A token I got for free increased from 5$ to 50$ after a while!
👥 Step 5: Referrals
Share the referral link with your friends.
You earn commissions every time they trade.
💡 Even 5-10 friends created a steady stream of profits for me.
🏆 Step 6: Community tasks + challenges
Binance launches competitions (Leaderboard, AMA, challenges).
Prizes: USDT, NFTs, free tokens.
💡 Some events paid me 10$ and some 50$, unlike NFTs I sold and profited from.
💰 Step 7: Store your free earnings
Don't chase your rewards immediately.
Use Binance Earn (savings or staking).
You will earn passive additional income from your free rewards.
📊 My earnings in detail
Write2Earn → 450$+
Learn & Earn → 80$+
Airdrop and campaigns → 120$+
Referrals → 90$+
Community events → 46$+
Total = 786$ without any investment ✅
🚀 Summary
Earning from Binance without investment is not only possible, it's reality!
Everything you need:
✔️ Continuity
✔️ Creativity
✔️ Active participation
Start today with Learn & Earn, write daily content on Binance Square, subscribe to every airdrop, and share your referral link.
👉 If I could collect $878 for free, you can too!
#Binance #Freeearning #crypto
#PassiveIncome #writetoearn
This is thought provoking and rewards consistency in a bery short time You forgot to add WORD FOR THE DAY game too The reward is also significant I think i need to resume my daily routine
This is thought provoking and rewards consistency in a bery short time

You forgot to add WORD FOR THE DAY game too
The reward is also significant

I think i need to resume my daily routine
Eliza Ross
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How to Earn $48+ Daily on Binance Without Any Investment – Complete Guide
Many beginners think Binance is only for traders with capital. The truth is, you can start earning real income without depositing a single dollar. Binance offers multiple reward systems, creator programs, and promotional campaigns that, when combined, can generate $48+ daily.

This article will give you a step-by-step guide to get started.

✅ Step 1: Join Binance Square’s Write2Earn Program

Binance Square is a social platform where users share market insights, analysis, news, or even memes. The Write2Earn program pays creators based on engagement, views, and quality.

Beginners can earn $10–20 daily

Active creators can scale to $30–50+ daily

All you need is consistency and unique content

👉 Tip: Post 2–3 high-quality articles or analysis daily to maximize rewards.

✅ Step 2: Take Advantage of Binance Learn & Earn

Binance runs educational campaigns where you complete short lessons and quizzes to earn free tokens.

Payout: $5–15 per campaign

With multiple campaigns, average daily value = $3–5

👉 Tip: Always check the “Rewards Hub” to join active campaigns early.

✅ Step 3: Use the Referral Program

Binance pays you a commission every time your invited friends trade.

A small group of referrals can bring $10–20 per day

Larger networks = higher passive income

👉 Tip: Share your referral link on social media, groups, or with friends who are new to Binance.

✅ Step 4: Grab Airdrops & Promotions

Binance frequently gives free tokens for participating in events or completing small tasks.

Typical value: $2–5 daily

Sometimes much higher during special launches

👉 Tip: Follow Binance’s announcements to never miss promotions.

✅ Step 5: Complete Daily & Seasonal Tasks

Inside the Rewards Hub, you’ll find tasks like:

Completing trades

Exploring new features

Participating in P2P challenges

Rewards often come in vouchers worth $1–3 daily.

📊 Daily Earning Breakdown

Write2Earn: $25–30

Referrals: $10–15

Learn & Earn: $3–5

Airdrops/Promotions: $2–5

Tasks & Quests: $2–3

✅ Total: $48+ Daily

⚡ Complete Action Plan

1. Morning: Check “Rewards Hub” for new tasks & promotions.

2. Midday: Write & publish at least 2 posts on Binance Square.

3. Evening: Share your referral link & engage with your community.

4. Daily: Track rewards and reinvest into Binance Earn for passive growth.

Final Thoughts

Earning $48+ daily on Binance without investment is possible if you:

Stay active in Write2Earn

Consistently engage in Learn & Earn

Build a small referral network

Don’t miss out on airdrops & promotions

💡 Pro Tip: Discipline is everything. Treat Binance like a digital job — invest your time and creativity instead of money, and the rewards will follow.

🔥 Start today, follow this complete guide, and you could be earning $48+ daily without investing a single cent.

#Binance #dailyearnings #PassiveIncome #CryptoTips #BinanceEarnings
You need to be more active on the square interactive platform dear CZ Binance WEB 3.0 Wallet needs you For the sake of Utility projects and recycled memecoins season
You need to be more active on the square interactive platform dear CZ

Binance WEB 3.0 Wallet needs you

For the sake of Utility projects and recycled memecoins season
ເນື້ອຫາອ້າງອີງຖືກລົບແລ້ວ
Bullish
Bullish
Shehryar Sherry
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How to Earn $42 Daily on Binance Without Investment – Your Comprehensive Guide 🚀
Earning $42 a day on Binance without any initial investment might seem ambitious, but with the right strategies and consistent effort, it's entirely achievable. Here's a step-by-step guide to help you unlock your earning potential on Binance and through the exciting Web3 ecosystem.
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### Welcome to the Web3 Revolution: Empower Your Digital Future
The internet is evolving, and Web3 is at the forefront of this transformation. This decentralized movement is about giving power back to the users, enabling them to earn, engage, and grow without intermediaries. Web3 offers:
- True Ownership: Control over your digital assets and contributions.
- Direct Rewards: Earn what you deserve without middlemen.
- Transparency: Blockchain ensures fairness and accountability.
- Community-Driven: Power to the people, not corporations.
With platforms like Binance, COS.TV, and ChannelVIP, the future of digital interaction and earning is decentralized and within your reach.
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### Strategies to Earn $42 Daily on Binance
Binance offers several ways to earn cryptocurrency without any upfront investment. Here are some effective methods to help you achieve your daily earning goals:
#### 1. Learn & Earn Campaigns
Binance offers educational programs where you can earn free crypto by completing courses and quizzes. This is a great way to expand your knowledge while earning rewards.
#### 2. Staking Programs
Even small amounts of crypto can be staked on Binance to earn passive income. By locking your tokens, you can generate daily interest without the need for active trading.
#### 3. Affiliate Program
Share your Binance referral link with friends and family to earn commissions from their trades. This is an easy and effective way to build a steady income stream.
#### 4. Participate in Binance Airdrops and Promotions
Binance frequently hosts airdrops and promotions that give out free tokens. These can range from simple giveaways to rewarding specific actions like holding certain coins or completing tasks.
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### Leveraging Web3 Platforms for Additional Earnings
Web3 platforms like COS.TV and ChannelVIP offer unique opportunities to earn from your interactions and content.
#### COS.TV: Earn by Watching and Creating
- Earn as You Engage: Watch or create videos, and get paid in crypto.
- Instant Payments: Blockchain technology ensures quick payouts.
- Community Focused: Build your audience and increase earnings.
#### ChannelVIP: Monetize Your Creativity
- Exclusive Content: Offer special content to your fans for a steady income.
- Fair Revenue Sharing: Keep the majority of your earnings.
- Fan Engagement: Build a loyal community of supporters.
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### Maximizing Your Earnings on Binance
To consistently earn $42 daily, it’s essential to utilize multiple strategies and stay active. Here’s how to maximize your earnings:
- Combine Methods: Use all the earning opportunities available on Binance and Web3 platforms.
- Stay Updated: Regularly check for new promotions, airdrops, and educational opportunities.
- Engage and Share: Actively participate in the community and share your referral links.
- Leverage Social Media: Promote your content and referral links to a wider audience.
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### Why Binance is Central to the Web3 Ecosystem
Binance is not just a crypto exchange; it’s a comprehensive platform that supports the Web3 revolution. Here’s why Binance is key to your earning strategy:
- Educational Tools: Earn while learning about crypto and Web3.
- Passive Income Options: Staking programs for effortless earnings.
- Global Reach: Connect with millions of users worldwide.
Combining Binance’s tools with Web3 platforms like COS.TV and ChannelVIP can make earning $42 daily a reality.
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### Start Earning Today – The Future is Now!
The Web3 economy is transforming how we interact with the internet, creating endless earning opportunities. Whether you’re diving into COS.TV, engaging with fans on ChannelVIP, or utilizing Binance’s tools, the time to start your crypto journey is now.
Here’s how to get started:
1. Sign up on Binance and explore its earning tools.
2. Join COS.TV and ChannelVIP to create and engage with content.
3. Embrace the Web3 revolution—no investment required to start earning daily!
The future is decentralized. Take control and start earning today!
Comment “Start” below if you're ready to begin your journey to financial freedom with Binance and Web3!
Fascinating read Informative too!
Fascinating read
Informative too!
Mbeyaconscious
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Unveiling $10 Daily Earnings on Binance: A Quick Guide (2024) 🚀

In the fast-paced world of cryptocurrency, earning $10 daily on Binance spot trading demands a strategic approach. Here's a concise guide to help you navigate this dynamic landscape.

1. Knowledge is Power:
Invest time in researching market trends and staying informed. A well-informed trader is better equipped to make sound decisions. 📚

2. Start Small, Dream Big:
Begin with a manageable capital that you can afford to lose. Scaling up gradually allows you to learn without significant risks. 💰

3. Asset Selection Matters:
Choose assets with potential. Thoroughly research projects, examine fundamentals, and stay updated on recent news. 🌐

4. Diversification is Key:
Spread your investments to minimize risk. Diversification helps protect your portfolio from market volatility. 🔄

5. Set Realistic Daily Goals:
Aim for achievable profits to reduce pressure and maintain consistency. 📈

6. Automation for Efficiency:
Implement stop-loss and take-profit orders to secure profits without constant monitoring. ⚙️

7. Stay Informed, Stay Ahead:
Regularly monitor market trends and adapt your strategy accordingly. 🌐

8. Manage Risks Wisely:
Never invest more than you can afford to lose. Establish a clear risk-reward ratio. ⚖️

9. Master Technical Analysis:
Learn basics to identify entry and exit points. Utilize indicators and chart patterns. 📊

10. Embrace Continuous Learning:
Stay open to new strategies, tools, and market dynamics. Continuous learning is key to success. 🧠
please vote for me to get binance award
In conclusion, $10 daily profits on Binance spot trading are achievable with the right mindset, knowledge, and a disciplined approach. Trade responsibly and consider seeking advice from experienced traders. Happy trading! 🚀💹

❤️ | Repost 🔄 | Comment 🖍️
This should have been a better solution earlier rather than spend billions on E-NAIRA!!!
This should have been a better solution earlier rather than spend billions on E-NAIRA!!!
Learn_With_Fullo
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Nigeria to officially join crypto trading with launch of cNGN stablecoin
“Nigerian banks and other fintech companies will launch the cNGN stable coin on February 27, 2024.”Nigeria has announced plans to officially join crypto trading on February 27, when it will launch its own stablecoin, cNGN. Presidential media aide Olusegun Dada made this announcement via his official handle on Friday.“Nigerian banks and other fintech companies will launch the cNGN stable coin on February 27, 2024,” Mr Dada said. “The cNGN is part of the Central Bank’s efforts to ensure the Naira becomes a stable currency that can be relied on by investors and users across the globe.”With the cNGN, Nigerians and other nationals from any part of the world can trade cryptocurrency without buying the USDT with naira as currently practised. “It is similar to other stable coins like USDT and USDC and will join other currencies that can be used to trade from any part of the world,” Mr Dada said.When launched on February 27, as announced, the cNGN is expected to be listed on major crypto exchange platforms, Binance, Coinbase, Kilpin etc.This follows the lifting of the ban on cryptocurrency by the Central Bank of Nigeria late last year. The apex bank said its decision to lift the ban on cryptocurrency was informed by global trends that show there is a need to regulate cryptocurrency.#Nigeria #dyor
How to k ow a mature investor
How to k ow a mature investor
BitEagle News
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𝟏𝟑 𝐬𝐢𝐠𝐧𝐬 𝐲𝐨𝐮'𝐫𝐞 𝐚 𝐦𝐚𝐭𝐮𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫:

• You never chase green candles

• You don't have to constantly ask for what to buy

• You understand that bullish/bearish news is perfectly orchestrated

• Pumps/dumps have 0 impact on your emotions

• You don't waste time on useless discussions/defending projects

• Your plan includes a strategy if things go bullish or bearish

• Your plan doesn't change because of a post of a big account but you're willing to consider it, at least for potential knowledge

• You treat your tokens as a vehicle for financial freedom but never as a cult

• You understand that price predictions are just for engagement farming

• You’re willing to accept your mistakes and re-evaluate your thesis

• You don't feel the need to be arrogant against other people, even if you're damn right

• You rely on charts to make financial decisions and not hype

• You have the ability to say no if investment conditions aren't good, no matter what the project

Get better at each point and I'll promise you’ll be successful + live in peace.

~ZeroIka

#etf #ai #BTC
Great insight
Great insight
ເນື້ອຫາອ້າງອີງຖືກລົບແລ້ວ
Saving this for later as an Intraday and swing trader! Tipped creator too!📩
Saving this for later as an Intraday and swing trader!
Tipped creator too!📩
Crypto Insiders
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Understanding candles - How To Grow Your Trading Accuracy - Practical Tutorial
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:


As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow


Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
Open – the first trade during the period specified by the candleHigh – the highest traded priceLow – the lowest traded priceClose – the last trade during the period specified by the candle
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.


Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.


Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.


Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.


Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.


Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.


Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.


Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.


Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.


Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.


Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.


Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.

Happy trades and successful investments!
🤜🤛

#candles
#learning
#tradingStrategy

$BTC $ETH $BNB
{spot}(BTCUSDT)

{spot}(ETHUSDT)

{spot}(BNBUSDT)
Better days ago for the region!
Better days ago for the region!
CryptoNews
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Yellow Card Crypto Exchange to Pursue Licensing Plans in Nigeria
Following the Central Bank of Nigeria’s reversal of the cryptocurrency transaction ban for banks, Yellow Card Exchange, a Pan-African crypto trading platform, is actively seeking licensing in the nation.

Yellow Card to expand operations in Nigeria 

Yellow Card Exchange, driven by its mission to dominate the African market, is actively exploring strategies to capitalize on the first-mover advantage through the pursuit of licensing. While being a key player in Africa, delivering experiences akin to Jack Dorsey’s Cash App, Yellow Card has faced limitations in Nigeria due to regulatory uncertainties.

This scenario is set to shift, as affirmed by Ogochukwu Umeokafor, the exchange’s Director of Product Management. In a phone interview with Bloomberg, Ogochukwu stated:

“You’ve waited for something and it has come true, and we’ll jump on it immediately. We want a regulated environment because it’ll help the business move; it will help people have more confidence in doing business with us.”

Ogochukwu Umeokafor, Director of Product at Yellow Card

Yellow Card Exchange has initiated the approval process with the Nigerian Securities and Exchange Commission (SEC). However, progress has reportedly been hindered as the company needed a functional corporate account, which was previously impossible under the CBN rule.

With the ban lifted, Nigerian commercial banks are now permitted to open accounts for Virtual Assets Service Providers (VASPs). Crypto traders can also operate without the fear of asset seizure, as was the norm before. Beyond Yellow Card Exchange, other trading platforms may enter the Nigerian market, capitalizing on the crypto-savvy population.

You might also like: Nigeria’s social payments app-bundle, shutting down crypto exchange

Nigeria’s financial landscape

The Central Bank of Nigeria (CBN) has become the first apex bank in Africa to introduce a Central Bank Digital Currency (CBDC) called the e-Naira. The general acceptance of Bitcoin among the population has led to the involvement of various humanitarian projects in the West African country.

Launched in October 2021, Nigeria’s e-Naira serves as the country’s central bank digital currency (CBDC). Unlike a distinct digital currency, it represents a digital version of the national currency, pegged at parity to the fiat naira. The e-Naira is subject to stringent access controls by the central bank, and while it isn’t a financial asset on its own, it functions as a digital form of the national currency.

The primary goals of the e=Naira include enhancing financial inclusion, reducing remittance transfer costs, and minimizing informality in the economy. 

However, as of October 2022, its usage within the country has been limited. In response, the Nigerian government is seeking assistance to redesign and promote the e-Naira. Recognizing its potential in fostering financial inclusion, there’s a need for a strategic approach to define its relationship with traditional currency, considering whether it complements or substitutes it.

To encourage greater use of the CBDC, the Central Bank of Nigeria is adjusting the e-Naira model.

In Feb. 2021, the Central Bank of Nigeria (CBN) imposed a ban on cryptocurrency transactions, citing worries about money laundering and terrorism financing. Nevertheless, on Dec. 22, 2023, the CBN lifted the ban and issued fresh guidelines for financial institutions to oversee crypto transactions.

These guidelines set forth minimum standards for establishing banking relationships with virtual assets service providers (VASPs), including crypto exchanges. 

The CBN’s updated guidelines emphasized rigorous customer KYC and anti-money laundering checks. Despite the lift on the ban, banks are still prohibited from holding, trading, and transacting in virtual currencies.

The CBN’s decision aligns with a broader strategy to regulate the crypto industry in Nigeria, aiming to restore the country’s position as a significant hub for crypto trading in Africa. This move has garnered support from the local blockchain industry, urging the Nigerian federal government to implement comprehensive and amenable regulations.

Read more: Regulatory body in Nigeria wants Binance banned 
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ສັນຍານກະທິງ
The crypto world has been buzzing with narratives like Real-world Asset (RWA), decentralized cloud, liquid staking, layer 2, and many others. By the end of 2023, a new narrative is in the spotlight, called (DePIN) or (Decentralized Physical Infrastructure Network). With a Total Value Locked (TVL) of around 19.5 billion US dollars, this narrative has driven crypto adoption at a massive scale. *DePIN* allows users to access services like Wi-Fi, transportation, data storage, maps, and more, all while earning rewards. DePIN is a concept that uses token rewards and blockchain technology to encourage physical infrastructure development in the real world. DePIN aims to shift the traditional centralized model to a decentralized one. DePIN involves global user participation to overcome dependency on large entities and implement a ‘shared economy’ model. DePIN’s Flywheel concept helps us understand how one aspect of it drives the growth of another. Establishing a positive growth cycle includes infrastructure providers earning tokens as an incentive to create organic network growth and fulfill user demand. After small DYOR Interesting update for blockchain and crypto space! Merry Christmas Y’all 🎁 ⛄️🎄 $SOL $BNB $ETH
The crypto world has been buzzing with narratives like Real-world Asset (RWA), decentralized cloud, liquid staking, layer 2, and many others. By the end of 2023, a new narrative is in the spotlight, called (DePIN) or (Decentralized Physical Infrastructure Network). With a Total Value Locked (TVL) of around 19.5 billion US dollars, this narrative has driven crypto adoption at a massive scale. *DePIN* allows users to access services like Wi-Fi, transportation, data storage, maps, and more, all while earning rewards.

DePIN is a concept that uses token rewards and blockchain technology to encourage physical infrastructure development in the real world.

DePIN aims to shift the traditional centralized model to a decentralized one. DePIN involves global user participation to overcome dependency on large entities and implement a ‘shared economy’ model.

DePIN’s Flywheel concept helps us understand how one aspect of it drives the growth of another. Establishing a positive growth cycle includes infrastructure providers earning tokens as an incentive to create organic network growth and fulfill user demand.

After small DYOR
Interesting update for blockchain and crypto space!
Merry Christmas Y’all 🎁 ⛄️🎄

$SOL
$BNB
$ETH
Airdrops and launchpad projects are key to raising capital for the coming bull run season… Stay alert, informed and ready!!!
Airdrops and launchpad projects are key to raising capital for the coming bull run season…
Stay alert, informed and ready!!!
ErnestAcademy
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ສັນຍານກະທິງ
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So much to explore and get rewarded for 2024 is year for non stop learning
So much to explore and get rewarded for
2024 is year for non stop learning
Binance Academy
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🏆 Finally, our #1 most-read article of 2023: A Complete Guide to Cryptocurrency Trading for Beginners

Embark on your trading journey with this comprehensive guide tailored for beginners.
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