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🔥💥Binance CEO Richard Teng calls Bitcoin Halving 2024 'unique' #Binance CEO #RichardTeng described Bitcoin's Halving in 2024 as 'unique' Binance CEO Richard Teng expressed optimism that the upcoming Bitcoin halving could have a positive impact on the entire cryptocurrency market. Teng added the following statement to his written comments: " The current halving coincides with other signature achievements occurring in the crypto world, including the Bitcoin ecosystem.” He noted that the approval of Bitcoin exchange-traded funds (ETFs) by different institutions is the trigger that we can point to as the reason for the growth in institutional investor participation and investment in this new asset and then in Bitcoin. The second observation he made was the adoption of DeFi activities from Layer 2 on the Bitcoin network. Historically, the price of bitcoin has increased in the last six months following the halving event. Teng suggested that this dwindling supply of new coins could be behind the market's reaction to each event. But he acknowledged that the room for further growth depends on several factors, including overall market sentiment and adoption rates. Teng added that Bitcoin ETF approvals have increased the demand for Bitcoin and increased its reach. While the halving event is promising, Teng's comments highlight the importance of considering the broader crypto ecosystem and Sunday dynamics. Corporate adoption, low supply and original technology will determine the price of Bitcoin over the next few months. The closer the date when the halving takes place, the more interest market participants show in how the changes that will occur along with that event will affect the price of Bitcoin and the entire area of crypto markets. #bitcoinhalving #BTC @richardteng

🔥💥Binance CEO Richard Teng calls Bitcoin Halving 2024 'unique'

#Binance CEO #RichardTeng described Bitcoin's Halving in 2024 as 'unique'

Binance CEO Richard Teng expressed optimism that the upcoming Bitcoin halving could have a positive impact on the entire cryptocurrency market. Teng added the following statement to his written comments: " The current halving coincides with other signature achievements occurring in the crypto world, including the Bitcoin ecosystem.”

He noted that the approval of Bitcoin exchange-traded funds (ETFs) by different institutions is the trigger that we can point to as the reason for the growth in institutional investor participation and investment in this new asset and then in Bitcoin. The second observation he made was the adoption of DeFi activities from Layer 2 on the Bitcoin network.

Historically, the price of bitcoin has increased in the last six months following the halving event. Teng suggested that this dwindling supply of new coins could be behind the market's reaction to each event.

But he acknowledged that the room for further growth depends on several factors, including overall market sentiment and adoption rates. Teng added that Bitcoin ETF approvals have increased the demand for Bitcoin and increased its reach.

While the halving event is promising, Teng's comments highlight the importance of considering the broader crypto ecosystem and Sunday dynamics. Corporate adoption, low supply and original technology will determine the price of Bitcoin over the next few months.

The closer the date when the halving takes place, the more interest market participants show in how the changes that will occur along with that event will affect the price of Bitcoin and the entire area of crypto markets.

#bitcoinhalving #BTC @Richard Teng

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🚨🚨Binance Co-Founder Yi He Issues Important Warning to Crypto Community🚨🚨 In a critical message to the crypto community, #Binance co-founder #YiHeBinance warned about a fake account impersonating him and leading to some users being scammed. The warning comes after a person was reported to have fallen victim to a malicious link posted by a fake account, resulting in the theft of 60 ETH. Yi He used the official X account @heyibinance to inform his followers and the broader crypto community about the impersonation. He emphasized that this account is his only legitimate social media presence and that Binance Coin (BNB) is the only token he has approved. This distinction is crucial as scammers take advantage of the credibility of well-known names in the industry to deceive the public. Therefore, the crypto community is strongly encouraged to be wary of the existence of such fake accounts. In this regard, the Binance co-founder calls on the crypto community to report suspicious activity and fake accounts to the relevant authorities to help prevent additional scams. This collective effort is vital to prevent others from being scammed. Warning from Binance China Echoing Yi He's warning, Binance Chinese also advised users to be careful when dealing with information online. They emphasize the importance of not clicking on unknown links or scanning unfamiliar QR codes. Users are advised to scrupulously protect their personal information and assets and always seek verification through official channels before engaging with any crypto-related content. This latest incident involving the co-founder of Binance underscores the increasing sophistication of online scams and the importance of remaining vigilant in the digital asset space. The crypto community is requested to exercise caution and verify the authenticity of the information before taking any action. #BNB #RichardTeng
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