Fellow Binancians, Following feedback from the community, Binance Options is pleased to announce that we are now opening applications for Options writing access to more options traders. To apply for Options writing access, users must meet either of the following requirements, and write to futures-business@binance.com or contact their Key Account Coverage Team. List of Requirements: Have a Binance account that is VIP 1 or above; OR Hold at least 100,000 USDT equivalent of assets in their master account Binance Options will review all applications and contact successful applicants directly via email or Telegram within 30 days after receiving their applications. Eligible users may start writing options once their applications are approved. Please note that Binance Options may contact users if more information is required, and submitting an application does not guarantee access to Options writing on Binance Options. Terms & Conditions Only verified​ users will be eligible to apply for Options writing access. Please register here if you do not have a Binance account yet.All asset holding amounts, trading volumes, and metrics related to the program are measured by Binance at its sole and absolute discretion. Binance reserves the rights to the review and final approval of users’ access to Options writing, in line with its internal requirements.Access to Options writing on Binance Options is only available to users who are enabled for Binance Options trading, and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Options trading services in each country/region from which the services are accessed. Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of Binance Options trading services from time to time in its sole discretion at any time without notification.Binance reserves the right to cancel or amend the aforementioned requirement(s) in applications for Options writing access at its sole discretion.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Thanks for your support! Binance Team 2023-09-27

Disclaimer: Digital asset prices can be volatile. Do your own research. See full terms here and our risk warning here and below. Binance Futures products are restricted in certain countries and to certain users. This communication is not intended for users/countries to which restrictions apply.Main TakeawaysTechnical indicators use data to help traders identify patterns and evaluate market trends. Using a data-driven approach, traders can use these indicators to assist their market analysis and trading decisions.Moving Average (MA), Moving Average Convergence Divergence (MACD), On-Balance Volume (OBV), Relative Strength Index (RSI), and Bollinger Bands are some of the popular indicators.Binance allows users to display and customize technical indicators on their charts. Furthermore, traders can backtest these strategies, evaluating performance against historical data to refine their approaches.Technical indicators are valuable tools in both crypto and stock traders’ arsenal. These indicators use current and historical data to aid traders in identifying patterns, evaluating market trends, and making more informed trading choices. They also help in comprehending the market and spot trading signals. Furthermore, technical indicators can assist traders in creating data-driven trading plans and strategies while mitigating the influence of fear, uncertainty, and market hype.This article explores some of the most popular technical indicators available to crypto traders to include in their trading toolkit.Moving AveragesA moving average (MA) is a technical analysis indicator used to smooth out a cryptocurrency’s short-term price fluctuation by calculating an average over a specific time period. It is a tool investors and analysts use to distinguish an asset’s actual trend direction from typical market noise. In addition, swing traders use MA to recognize potential market entry and exit points and support and resistance levels.Moving averages are often categorized into simple moving averages (SMAs) and exponential moving averages (EMAs). The SMA sums an asset’s closing price over a certain period and divides it by the number of periods.For example, a 10-day SMA would sum up the prices of the last 10 days and then divide by 10 to get the average. A new data set in SMA will displace the oldest data, which sets it apart from a basic average. For instance, if the SMA is calculated on a 5-day basis, the data set will continually be updated only to include the most recent 5 days.On the other hand, an EMA emphasizes the most recent data points by assigning them higher weightage and value. It is more responsive to rapid price fluctuations and reversals than SMA, which treats all data inputs as equals.Short-term traders favor EMAs over SMAs due to their faster price projection. Moving averages are considered lagging indicators since they depend on past price data. This makes them useful to traders when confirming a market trend rather than predicting the market movement.How to use Moving Averages to gauge the trend?There are three parameters to consider when adding MA to charts:Time Period: Periods like 5-day, 10-day, 20-day, or 50-day for near-term trends and 100-day, 200-day, or 500-day for long-term trends.Price Type: The price that will be used to calculate the average, i.e., closing price, low price, high price, average of high and low prices, etc.MA Type: The type such as simple moving averages and exponential moving averages formulas.ExampleSuppose an asset's 50-day Moving Average is $1,000, and it is currently trading at $1,200. The upswing above the historical price ($1,000) indicates an upward trend. The new price being above the MA suggests a positive investor sentiment and a likely increased interest in the asset.Moving Average Convergence Divergence (MACD)Moving average convergence divergence (MACD) is a momentum or oscillator indicator that compares two distinct moving averages of a crypto asset to recognize a trend’s strength and its potential to reverse. Thus, it aids traders in identifying the direction and momentum of a trend.MACD is determined by finding the difference between the 26-day EMA and the 12-day EMA. A 9-day EMA of the MACD is then plotted as a signal line. It is important to note that the two lines on the chart show the gap or distance between the two EMAs (12-day and 26-day). It doesn't represent the EMAs themselves; rather, it illustrates how far apart they are.The signal line signifies the changes in price momentum and is considered a trigger for bearish and bullish signals. A histogram often represents the difference between the MACD and signal lines.A decline in momentum and potential price decrease is evident when the two MAs move towards each other or converge. A divergence, or when the MAs move away from each other, often indicates an upward momentum and suggests a bullish signal.How to use the MACD to gauge the trend?The parameters for MACD include the following:Time Period: Typically uses 12-day and 26-day periods for its EMAs and a 9-day period for its signal line.Moving Averages: Relies on both short-term (12-day) and long-term (26-day) Exponential Moving Averages (EMAs).Momentum: The gap between the two EMAs helps gauge the price momentum.ExampleSuppose you’re monitoring an asset using MACD.If the MACD line crosses above the signal line, it indicates an upward momentum and a potential buy opportunity.The MACD and signal line getting closer to each other hints at a trend reversal, i.e., short-term trends are rapidly slowing down compared to long-term trends. This signals a potential sell opportunity.Relative Strength Index (RSI)The relative strength index (RSI) is one of the most commonly used crypto trading indicators. It is used as a metric for the magnitude and strength of a cryptocurrency’s price changes. RSI compares the size of an asset’s most recent gains against its most recent losses. This helps traders determine whether a cryptocurrency is oversold or overbought.The RSI oscillator ranges between 0 to 100, with a line graph moving between the two extremes. A crypto asset with a reading above 70 signals that the market is overbought and could indicate a price correction. On the contrary, when the RSI oscillator reads below 30, it signals an oversold market and suggests a potential end to the bearish trend. A potential uptrend can also be identified when the indicator breaks above the centerline and vice versa.However, the RSI momentum indicator may give false signals, especially in trending markets. It is more suited for range-bound markets.How to use the RSI to gauge the trend?The RSI parameters are:Time Period: Usually used on a 14-day timeframe.Oscillation Range: Ranges between 0 to 100 to indicate overbought (above 70) or oversold (below 30) conditions.ExampleSuppose an investor is monitoring the RSI of an asset; if the RSI value is:Above 70: The asset is overbought (overvalued) or has experienced a surge in buying pressure that drove the price up. It could suggest a potential price correction.Below 30: The asset is oversold (undervalued) or has experienced a surge in selling pressure and hints at a potential rebound.On-Balance Volume (OBV)On-balance volume (OBV) is a technical analysis indicator that tracks price and volume in the crypto market. It's a momentum tool used to measure the flow of volume in and out of an asset, thereby suggesting the strength or weakness of price moves.The OBV works under the premise that when volume increases sharply without a significant change in the stock's price, the price will likely move upward, and vice versa.In essence, the on-balance volume indicator serves as an tool that uses volume flow to predict changes in price. How to use the OBV to gauge the trend?Volume: Volume plays a pivotal role in the OBV as it measures the strength behind a price move. A significant change in price accompanied by a high volume gives more weight to the price move, suggesting it might be more sustainable.Price Direction: Depending on the asset's price movement from one day to the next, volume is either added or subtracted:If the current price closes higher than the previous day's close, the day's volume is added to the OBV.If the current price closes lower than the previous day's close, the day's volume is subtracted from the OBV.ExampleIf the OBV starts to rise consecutively over a few periods, it indicates that volumes on up days are outweighing volumes on down days. This can suggest an upward price momentum and potentially a buy opportunity, especially if the asset's price is also rising.Conversely, if the OBV begins to decline over consecutive periods, it means volumes on down days are greater than those on up days, indicating a downward price momentum and potentially a sell signal, particularly if the asset's price is also declining.If the asset's price is rising, but the OBV is not following suit or is moving in the opposite direction, this divergence may hint at a weakening of the ongoing trend, signaling a potential trend reversal in the near future. This can be a sign of caution for traders.Bollinger Bands (BB)Bollinger Bands (BB), coined after trader and financial analyst John Bollinger, measures a crypto asset’s market volatility, as well as overbought and oversold conditions. It helps traders determine when to enter or exit a position and identify possible trend reversals.Typically, the BB indicator involves three lines – an upper band, a lower band, and a 20-day simple moving average (middle line). The upper and lower bands are used to measure the degree of price variation or volatility over a period of time. For instance, the upper and lower bands contract when the volatility is low and expand when the volatility is high. During high market volatility, they move away from the middle line and move towards it during low volatility.In addition, when prices approach the upper band, it suggests that the market is overbought. The market is oversold when the prices approach the lower band. If it breaks through the lower band, it suggests a downtrend continues, and vice versa.Generally speaking, using longer timeframes offers more accuracy since short periods are prone to noise and fakeouts.How to use the BB to gauge the trend?Time Period: Commonly uses a 20-day period for the middle band, which is an SMA.Price Type: Typically uses closing prices.Volatility: The bands expand and contract based on how erratic the price changes are.ExampleIf an asset’s price shoots up and touches the upper band or crosses it, it signifies that the asset may be overvalued. However, if its price hits the lower band or goes below it, it suggests that the asset is undervalued or trading below its average. This hints at a potential buying opportunity.How to Use Technical Indicators on Binance Trading InterfaceVisualizing technical indicators on Binance Trading InterfaceYou can set up indicators with your preferred parameters and timeframes and visualize them directly on the trading chart. For this, Navigate to the trading interface on Binance Futures, select the “Technical Indicators'' option at the top of the trading screen, and pick the Technical Indicators you wish to display on the trading interface, as shown below.Craft customized indicators and code strategiesBinance Futures offers more advanced traders the option to script and design their own technical indicators using Pine code. This adds a layer of personalization, allowing you to script indicators tailored to your specific trading ethos.Beyond mere visualization, you can code trading strategies based on these custom indicators.Backtest your strategy before going liveBefore you take the plunge with a new strategy, Binance offers a robust backtesting tool. This allows you to test the waters by assessing how your strategy would have fared under historical market conditions. This feature facilitates an in-depth examination of strategy-related metrics such as profitability, associated fees, and potential drawdowns over a designated time frame.For a comprehensive walkthrough on customizing indicators and leveraging the backtesting feature, refer to the dedicated FAQ.Closing ThoughtsTechnical indicators offer insight into market trends, price direction, and volatility. They can allow traders to make better decisions and predict market movement based on current and historical market data and statistics. When building your trading toolkit, the choice of technical indicator boils down to your trading profile and strategy. Using multiple indicators can help traders minimize or eliminate false signals.Further ReadingTwo Technical Indicators to Gauge Market Trends in Binance FuturesOverbought vs. Oversold Signals: How to Identify ThemWhat Are Bull Flags and Bear Flags and How to Trade ThemRisk Warning:No Representation This content is presented to you on an "as is" basis for general information and educational purposes only, without representation or warranty of any kind. It is not intended or should not be construed as financial or investment advice, nor is it to recommend or intend to recommend the purchase or sale of any specific product(s) or service(s).Hypothetical Performance ResultsDigital asset prices can be volatile. The value of your investment may go down or up, and you may not get back the amount invested. Any results posted herein are intended as examples only to provide you with a reference of what potentially could have made or lost trading with the technical indicators and tools, but are in no way a reflection of what you could have made or lost in the same situation. Therefore, you should not rely on the results as a representation of what your returns or losses would have been utilizing such technical indicators. There are numerous other factors related to the market in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, expressed or implied is made regarding future performance.Responsibilities You are solely responsible for your investment decisions, and Binance is not liable for any losses or damages you may incur. The risk warning described herein is not exhaustive, therefore you should carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior making any investment. For more information, see our Terms of Use and Risk Warning.The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users in accordance with applicable legal and regulatory requirements. You are solely responsible for informing yourself about and observing any restrictions and/or requirements imposed with respect to the access to and use of any products and services offered by or available through Binance in each country or region from which they are accessed by you or on your behalf. Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of any products and/or services offered from time to time in its sole discretion at any time without notification.

According to Cointelegraph, the United States government could face a shutdown within the next week, which may impact the progress of several crypto bills awaiting a vote. House Speaker Kevin McCarthy is under pressure from his own party to make decisions on spending plans. In July, the House Financial Services Committee voted in favor of multiple crypto-focused bills, including the Financial Innovation and Technology for the 21st Century Act (FIT), the Blockchain Regulatory Certainty Act, the Clarity for Payment Stablecoins Act, and the Keep Your Coins Act. These bills could potentially reach a House floor vote in the current session of Congress. A government shutdown would halt lawmakers from moving forward on any legislation until they resolve the issue of funding the U.S. government into the next fiscal year. Ron Hammond, the Blockchain Association's director of government relations, said that the longer the shutdown lasts, the more various bills, including FIT/market structure and stablecoins, will be delayed. Some of the bills have bipartisan support and are likely to pass in floor votes, but there are political obstacles that could hinder their progress, such as differing approaches to stablecoin legislation by the two major parties. Lawmakers have until September 30 to reach an agreement on spending bills. A shutdown would effectively stop all federal agencies from performing non-essential tasks, including actions by the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission overseeing digital assets. As of September 25, Speaker McCarthy was reportedly planning to introduce spending bills that include controversial measures, such as restrictions on abortion access and funding for a U.S.-Mexico border wall. The House of Representatives will convene on September 26 to address the issue, while the Senate is scheduled to consider its own stopgap funding measure.

Dubai is a magnificent city to live and work in. But how can someone buy Bitcoin in Dubai? Is it legal to buy Bitcoin in Dubai? Is Dubai crypto-friendly? Here’s a quick guide with the answers. The great news is that, yes, buying Bitcoin (BTC) in the United Arab Emirates is permitted, and the country is actually one of the most welcoming to cryptocurrency exchanges and investors. Is Dubai crypto-friendly? The thriving metropolis of Dubai in the UAE has long been deemed a crypto-friendly city. Some describe the UAE as the most crypto-friendly country. What’s more, there is zero tax to pay on cryptocurrency trading in the UAE, as well as zero income or capital gains tax. This combination has made the Middle Eastern country massively attractive to cryptocurrency and blockchain companies and the users of these technologies. There are many UAE crypto traders and plenty of crypto investment options in the UAE. But is it legal to buy Bitcoin in Dubai? Dubai and the UAE have some regulations on cryptocurrencies, including policies to protect investors. Cryptocurrencies are not licensed or recognized as legal tender; however, there are no laws against buying Bitcoin in the UAE or owning or trading Bitcoin or other crypto. How to buy cryptocurrency in Dubai Buying Bitcoin in Dubai and anywhere in the UAE is quite straightforward; it starts with choosing a crypto exchange, registering and creating an account, and then adding the funds needed to buy the cryptocurrency of choice. Bitcoin is available on any exchange, and other leading cryptocurrencies are available on most major exchanges. Investors who plan to hold on to Bitcoin usually want to move their Bitcoin away from an exchange into a Bitcoin wallet or to more secure Bitcoin storage like a hardware wallet. Let’s look at the steps to buying Bitcoin in the United Arab Emirates: 1. Choose an exchange The first priority when choosing an exchange is security; crypto buyers should always research the exchange and check online reviews, then review the coins, the exchange lists and the fees. 2. Register Registering with an exchange starts with an email, a password and any other security authentication available. Cryptocurrency exchange users should always make full use of any additional security options. New exchange users will usually need to provide the exchange with an image of a piece of photo ID to complete its Know Your Customer (KYC) checks. 3. Fund and buy Once an account has been created, funds can be added from fiat accounts. After that, it’s possible to buy BTC with UAE dirhams easily this way or to select another trading pair. Which crypto exchanges operate in Dubai and the UAE? The intriguing thing is that there are many leading exchanges that operate in the UAE; investors can pick from the most well-known, the best-reviewed, those thought of as the safest, and those with the highest availability of leading cryptocurrencies. Some of the crypto exchanges and Bitcoin trading platforms in Dubai and the UAE are eToro, OKX, HTX (formerly Huobi) and Binance. Bitcoin brokers in the UAE, such as Rain, OKX, Uphold, Bybit and Binance, are regulated by the UAE Financial Services Regulatory Authority (FSRA) or the Abu Dhabi Global Market (ADGM). How to choose Bitcoin wallets in Dubai Just like Bitcoin trading platforms in Dubai, there are lots of options for Bitcoin wallets in Dubai to store crypto safely. The first step is to choose a Bitcoin wallet suitable for investor plans or behavior. Online wallets or wallet applications aren’t as safe as hardware wallets, but they can be more suitable for investors planning to move their cryptocurrency holdings or use them on a regular basis. Hot wallets to choose from include Trust Wallet or Electrum. More valuable Bitcoin holdings or funds left idle for some time are best stored in safer hardware wallets, such as Trezor or Ledger Nano. Can you buy Bitcoin in Dubai with cash? It’s possible to buy Bitcoin in Dubai with cash straight from an account or by using a credit card. After an account has been set up with an exchange, the next step is to add fiat money funds to the account and then go on to purchase Bitcoin. Does Dubai have Bitcoin ATMs? The UAE is so welcoming to crypto that it is one of the countries to have Bitcoin ATMs, and Dubai’s first Bitcoin ATM was installed at the five-star Rixos Premium Dubai Hotel in 2019. At the kiosk, visitors can insert cash and buy Bitcoin instantly. Is buying Bitcoin via P2P in Dubai common? Peer-to-peer (P2P) cryptocurrency exchanges allow users to trade Bitcoin directly with one another, unlike centralized or decentralized exchanges. On a P2P exchange, it’s possible to look at a seller’s list of assets for sale and choose accordingly. Buyers and sellers agree on the price of the cryptocurrency for sale before the sale is made. P2P exchanges can be more common in countries with greater restrictions on cryptocurrency exchanges; in Dubai, that’s not the case. The major exchanges operating in Dubai often have P2P functionality as well as standard trading options, which provides the best of both worlds. The exchanges offering P2P trading in Dubai include Binance, Paxful, OKX, HTX, Bybit and KuCoin. Are there crypto-friendly banks in the UAE? It is interesting to know how banks in Dubai and the UAE view cryptocurrencies and crypto users. The UAE doesn’t fail the crypto entrepreneur, and there are a number of crypto-friendly banks in the UAE that will allow crypto businesses to open and use fiat accounts. First Abu Dhabi Bank (FAB) has no policies restricting its customers from buying and selling crypto. Although it doesn’t offer crypto trading, it’s possible to link an FAB account with a crypto exchange to fund Bitcoin purchases. FAB also has future plans to leverage Web3 and digital assets for its users. Exercise caution while dealing with cryptocurrencies It is fortunate for Dubai residents to have access to a vibrant financial environment that enables them to engage with the world of cryptocurrencies. However, it is important to remember that the value of Bitcoin and many other cryptocurrencies is extremely volatile and subject to significant price swings in either direction. Therefore, before entering the cryptocurrency market, careful research and knowledge of the risks involved are crucial. $BTC #Dubai

🌊 😎 5 things -SO COOL, really lovin $INJ 🤌 🔥 1. Injective is a blockchain built for finance. This means you can create and trade any kind of financial market you want, from stocks and crypto to sports and weather, without any intermediaries or restrictions. You have the freedom to explore your own financial creativity on Injective . 2. Injective is fast and scalable. It uses a state-of-the-art consensus mechanism that allows it to process thousands of transactions per second with instant finality . It also doesn't charge you any gas fees for using its network, so you can save a lot of money on trading costs. 3. Injective is interoperable and compatible with #multiple blockchains. It can connect with different blockchains, such as Ethereum, Solana, and Cosmos, and enable cross-chain transactions . It also uses a smart contract platform that supports multiple languages and frameworks, making it easy for developers to build on Injective. 4. Injective is governed by a global community through its #native token, INJ. If you hold INJ tokens, you can have a say in how Injective evolves and improves over time. You can vote on proposals, stake your tokens for rewards, join burn auctions, and more, all within the Injective network. 5. Injective is backed by a group of prominent #investors and partners. Injective has received support from some of the biggest names in the crypto industry, such as Binance, Pantera Capital, Jump Crypto and Mark Cuban . It also has a growing ecosystem of over 100 projects and over 150,000 community members #worldwide.

According to Cointelegraph, BitQuant, a popular social media commentator, has predicted that Bitcoin (BTC) will reach a $250,000 target after its next block subsidy halving, with new all-time highs expected before the event. In a recent post, the pseudonymous commentator revealed a pre-halving target above $69,000 and stated that Bitcoin will not only beat its current record, set in 2021, before next April, but will also go on to hit $250,000 per coin after the next halving cycle begins. Bitcoin has just over six months before the halving, an event that cuts miner rewards earned per block by 50% every four years. Analysts argue that the resulting emission restrictions have a significant impact on BTC price performance, acting as a springboard in advance of Bitcoin seeing new all-time highs. Market participants are highly divided when it comes to how BTC price action will play out into the halving and beyond. Some agree that higher levels are possible by April, but plenty of conservative voices remain. Last month, Bitcoin investor and author Jesse Myers dispelled any idea that BTC/USD will be trading at six figures between now and then. In a subsequent interview with Cointelegraph, Filbfilb, co-founder of trading suite Decentrader, gave a pre-halving BTC price ceiling of $46,000. Bitcoin traded at around $26,400 on Sep. 15, up 1.3% in September so far, per data from monitoring resource CoinGlass.

➡️ Binance Earn is a service for users who are not interested in trading cryptocurrencies, but do not mind making a profit from the digital assets they have. Using this service, crypto holders can make savings and receive passive income. We decided to tell you about how this system works, what are its advantages and how to use it. ➡️ Binance Earn – what is it? With the help of Binance Earn, cryptocurrency funds that are stored in user accounts on the Binance exchange bring passive income to the owner. The program offers each person a variety of products based on the user's risk profile as well as the amount of profit they expect. If we talk about what it is, Binance Earn is a specific list of financial products that allow you to passively increase the amount of cryptocurrency in the user’s wallet. This service is a kind of analogue of bank savings accounts, only with more advanced capabilities. Earn Link: https://www.binance.com/en/earn How does Binance Earn work? We should start our review of Binance Earn by considering how this service works. Most of its functions are based on a simple principle: the owner of crypto assets places his funds in the service and receives a certain reward for this as passive income. The amount of earnings will depend on the chosen method and whether the owner agrees to block his funds for a certain period. Thus, even users who have little understanding of the cryptocurrency market and its features can understand how Binance Earn works. Earning Opportunities on Binance Earn The Binance Earn service offers a range of features for passively earning cryptocurrency. Each of them has its own advantages and disadvantages, but the user can independently choose which one is more suitable for him to receive passive income. Deposits 💳 The easiest option for making a profit is perpetual savings. In this case, the user simply places his funds in a Binance account, and the exchange pays him a certain percentage at different intervals. In this case, the user can choose which deposit option suits him best - with a floating or fixed rate. Fixed rate ↔️ A deposit with a fixed rate provides a higher percentage of profit compared to the previous option, but at the same time there are already some restrictions on the use of funds, because interest is accrued only at specific intervals. This option is suitable for those who is not going to use cryptocurrency in the near future because it envisages higher profitability. The term of a deposit with a fixed rate can range from 7 to 90 days - the user can independently choose for what period of time he wants to send money to the account. Profit will directly depend on the period for which the money remains in the form of a deposit. If you are sure that you will not use cryptocurrency for a certain period of time, feel free to send them to a deposit with a fixed rate and receive interest for it. Stock 📊 From time to time, the Binance exchange runs all sorts of promotions that you can take advantage of to earn additional profits. Most often, such offers are valid for a certain period of time, so you need to monitor their appearance and have time to take advantage of them. The conditions here are often more favorable than in a deposit with a fixed rate, but in principle they are often similar to them. The only downside to this earning option on Binance Earn is that that it appears only periodically and you need to constantly monitor the updates of the “Promotions” section. Staking 🔂 Binance Earn allows you to stake your coins in a Proof of Stake account to regularly increase your digital assets in the form of staking rewards. Moreover, this service also provides the possibility of blocking coins for a period of 7 to 90 days in order to increase the amount of reward received. This service is a kind of analogue of a standard deposit, only the user’s assets are sent for staking and are not used for any other purposes. In the case of some cryptocurrencies, this service even provides for unlimited staking, when the user sends his money for storage and can withdraw it at any time. ETH 2.0 ✔️ This method of earning money on Binance Earn involves placing the Ethereum cryptocurrency on the new network of this blockchain called Ethereum 2.0. The yield in this case is up to 5.2% per annum. BNB Vault 💰 BNB Vault is a yield aggregator for the exchange's native token, Binance Coin. It is a combination of a standard deposit system, DeFi staking and Launchpool, allowing cryptocurrency holders to provide themselves with a high passive income. By adding Binance Coin to staking, BNB Vault is credited to the user's account. After this, the account holder begins to receive additional interest regularly, starting from the next day. To withdraw funds, the holder can use the standard or accelerated redemption features. The latter option provides for the debiting of funds on the day the application is created, but the interest that should have been accrued during this day will be lost. Standard repayment provides for the return of funds to the owner for use the next day, but preserving the profit. Liquidity farming ⬆️ Liquidity farming is carried out through the Liquid Swap service, in which users are offered a certain list of crypto-assets placed in a smart contract. This service was created in order to maintain the required level of liquidity for everyone who takes part in decentralized trading of various digital assets. By using the AMM algorithm, digital assets can be exchanged between users without the need for intermediaries, while ensuring fairly low commissions and minimal slippage. The cost of cryptocurrency in this case will directly depend on how many coins were sent by users to the liquidity pool. For the fact that the user sends his funds to the liquidity pool, he is awarded a reward. You can withdraw your assets along with accrued interest at any convenient time. Auto investing 🔁 The “Auto Investing” section in Binance Earn is designed to so that users can independently choose the parameters of the plan according to which the system will automatically invest funds. This option is quite convenient for advanced investors and allows them to receive increased profits every day, while maintaining the possibility of early withdrawal of their assets. ❗Results Binance Earn is a convenient way to earn passive income even for people who have little knowledge of cryptocurrencies. At the same time, it is always better to independently study the features of how cryptocurrencies work, especially if you have chosen an initial placement or other options to earn money, based on possible exchange rate growth. In any case, it can be called an excellent multifunctional platform that is ready to offer everyone their own option for making a profit in accordance with their strategy and expectations, since anyone can make money on Binance Earn. Thanks for reading my Binance Earn guide! Good luck in your adventures to earn maximum APY 🌄 Wallpaper created by OWNER Disclosure: This post is sponsored by Binance Earn, and all opinions expressed are my own *sponsored #Binance #earn #sponsored $BTC $BNB $ETH

This is a general announcement. Products and services referred to here may not be available in your region. Binance is launching a new promotion, where users will stand to share over 6,000 USDT in trading fee rebate vouchers when creating eligible Spot Trading Bots. Create Eligible Spot Trading Bots Now! Promotion Period: 2023-09-14 00:00 (UTC) - 2023-09-28 23:59 (UTC) Promotion 1: Create Eligible Spot Trading Bots for the First Time to Get a 5 USDT Trading Fee Rebate Voucher The first 1,000 users who confirm their participation, create a Spot Grid Bot, Spot DCA Bot or Rebalancing Bot for the first time, and ensure that the total trading volume of the corresponding Trading Bot is no less than 100 USDT equivalent during the Promotion Period, will qualify to each receive a 5 USDT trading fee rebate voucher. How to Participate: Step 1: Click "Register Now" on the promotion page to confirm your participation in the promotion.Step 2: Create your first Spot Grid Bot, Spot DCA Bot or Rebalancing Bot. Ensure that the total trading volume is no less than 100 USDT during the Promotion Period. Promotion ​2: Join the Spot Trading Bots Competition to Get Up to 100 USDT in Trading Fee Rebate Voucher All users who confirm their participation in this promotion and create new Spot Grid Bots, Spot DCA Bots and/or Rebalancing Bots to reach a total trading volume of at least $1,000 equivalent (including buys and sells) during the Promotion Period, will be ranked based on their total trading volume (including both buys and sells) across these eligible Spot Trading Bots during the Promotion Period. The top 100 users will then qualify to receive the following rewards: Rankings by Total Trading Volume Generated by Eligible Spot Trading Bots During the Promotion PeriodReward per Eligible User (in Trading Fee Rebate Voucher)1st Place100 USDT2nd Place70 USDT3rd Place30 USDT4th - 100th Places10 USDT Guides & Related Materials: What Is Spot Grid Trading and How Does It WorkWhat Is Spot DCA and How Does It Work?What Is Rebalancing Bot and Frequently Asked Questions Terms & Conditions: These promotions are only available to users who are enabled for Binance’s Spot Grid Bot, Spot DCA Bot and/or Rebalancing Bot services, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance’s Spot Grid Bot, Spot DCA Bot and Rebalancing Bot services in each country from which the services are accessed.Only verified users who click "Register Now" on the promotion page during the Promotion Period will be eligible for any rewards.Only new Spot Grid Bots, Spot DCA Bots and Rebalancing Bots created during the Promotion Period will count as eligible Spot Trading Bots for Promotion 1 and Promotion 2.While Promotion 1 is only open to eligible users who have never created a Spot Grid Bot, Spot DCA Bot or Rebalancing Bot before the Promotion Period, Promotion 2 is open to all eligible users.The rewards for Promotion 1 and Promotion 2 are mutually exclusive. Should a user qualify for rewards from both Promotions, he/she will only receive the higher reward from Promotion 2. Trading fee rebate voucher rewards will be distributed to eligible users within 14 working days after the end of the Promotion Period. Users will be able to login and redeem their vouchers via Profile > Rewards Hub. Trading fee rebate voucher rewards will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a trading fee rebate voucher.Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.Binance reserves the right to disqualify trades that are deemed to be illegally bulk registered accounts.Binance reserves the right at any time in its sole and absolute discretion to terminate, and/or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these Promotions, changing the eligibility terms and criteria, the selection and number of winners, and/or the timing of any act to be done, and all participants shall be bound by any such amendments.Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of Binance Spot trading services from time to time in its sole discretion at any time without notification. Additional promotion terms and conditions can be accessed here.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. Trading Bots will consistently execute all orders as soon as the specified intervals are reached. Execution may even apply in situations of a rapid collapse or strong rise of a digital asset. Past performance is not a reliable indicator of future performance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance is excited to introduce a promotion for liquidity providers who qualify for the Spot Liquidity Provider Program from 2023-09-11 00:00 (UTC) to 2023-09-17 23:59 (UTC) (hereinafter referred to as “Qualification Period”). Eligible Spot Liquidity Providers can stand a chance to receive up to 5,000 USDT in token vouchers in this promotion. Join the Promotion Now! Promotion Period: 2023-09-18 00:00 (UTC) to 2023-10-01 23:59 (UTC) To successfully participate in this promotion, qualified liquidity providers need to confirm their participation and increase their average weekly eligible maker volume % of the total eligible Spot and Margin maker volume during the Promotion Period by at least 0.05 percentage points in comparison to the weekly eligible maker volume % of the total eligible Spot and Margin maker volume during the Qualification Period. Please note that only maker trades on the following eligible Spot and Margin trading pairs will count toward the calculations of eligible maker volumes in this promotion. Example: A qualified liquidity provider’s weekly eligible maker volume % of the total eligible Spot and Margin maker volume during the Qualification Period is 0.10%. To join this promotion, the liquidity provider’s average weekly eligible maker volume % of the total eligible Spot and Margin maker volume during the Promotion Period needs to reach at least 0.15%. List of Eligible Spot & Margin Trading Pairs:Base AssetTrading PairsAAVEAAVEUSDT, AAVEBTC, AAVEBUSD, AAVEETH, AAVEBNBARBARBETH, ARBBTC, ARBTUSD, ARBUSDT, ARBEUR, ARBTRY, ARBRUBAVAXAVAXBTC, AVAXTUSD, AVAXBRL, AVAXBNB, AVAXTRY, AVAXBUSD, AVAXUSDT, AVAXEUR, AVAXETHBCHBCHTUSD, BCHBNB, BCHBTC, BCHEUR, BCHBUSD, BCHUSDT, BCHTRYBNBBNBGBP, BNBTUSD, BNBTRY, BNBRUB, BNBUAH, BNBBIDR, BNBUSDC, BNBUSDT, BNBDAI, BNBBRL, BNBFDUSD, BNBETH, BNBEUR, BNBBUSD, BNBBTCDOGEDOGEEUR, DOGEGBP, DOGETRY, DOGEUSDT, DOGEBUSD, DOGETUSD, DOGEBTC, DOGEBIDR, DOGEBRLDYDXDYDXBNB, DYDXBUSD, DYDXBTC, DYDXUSDTFTMFTMEUR, FTMTRY, FTMETH, FTMUSDT, FTMBUSD, FTMBNB, FTMBTCGALAGALAETH, GALABNB, GALAUSDT, GALATRY, GALAEUR, GALABUSD, GALABRL, GALABTCLDOLDOTUSD, LDOBTC, LDOBUSD, LDOUSDTLTCLTCGBP, LTCBTC, LTCTUSD, LTCRUB, LTCETH, LTCEUR, LTCBUSD, LTCTRY, LTCBNB, LTCUSDT, LTCUAH, LTCBRLMATICMATICBNB, MATICETH, MATICBRL, MATICUSDT, MATICBTC, MATICBUSD, MATICEUR, MATICTUSD, MATICTRY, MATICGBP, MATICRUBOPOPETH, OPBTC, OPUSDT, OPBNB, OPTUSD, OPBUSD, OPTRY, OPEURPEPEPEPETUSD, PEPETRY, PEPEUSDTSHIBSHIBBUSD, SHIBBRL, SHIBUSDT, SHIBEUR, SHIBTRY, SHIBDOGESNXSNXETH, SNXBNB, SNXBUSD, SNXBTC, SNXUSDTSOLSOLRUB, SOLGBP, SOLUSDT, SOLEUR, SOLTUSD, SOLTRY, SOLBTC, SOLETH, SOLBUSD, SOLBRL, SOLBNB, SOLBIDRUNIUNIBNB, UNIBUSD, UNIBTC, UNITRY, UNIETH, UNIUSDTXLMXLMUSDT, XLMETH, XLMBTC, XLMEUR, XLMTRY, XLMBNB, XLMBUSDXRPXRPBIDR, XRPUSDT, XRPBNB, XRPGBP, XRPTRY, XRPBRL, XRPEUR, XRPBUSD, XRPETH, XRPBTC, XRPRUB, XRPTUSD All eligible liquidity providers will then be ranked by their average weekly percentage increase in the proportion of their eligible maker volume on Binance Spot and Margin over the total eligible Spot and Margin maker volume attained by all liquidity providers during the Promotion Period, in comparison to that from the Qualification Period. The top five liquidity providers will be eligible to receive rewards, as shown in the table below: RankingsReward1st Place5,000 USDT token voucher2nd Place4,000 USDT token voucher3rd Place3,000 USDT token voucher4th Place2,000 USDT token voucher5th Place1,000 USDT token voucher How to Participate: Step 1: Click on the [Register Now] button at the activity page.Step 2: Increase your average weekly eligible maker volume % by at least 0.05 percentage points during the Promotion Period, in comparison to your weekly eligible maker volume % during the Qualification Period (e.g., 0.10% to 0.15%). Register for the Promotion Now! Guides & Related Materials: What Are Liquidity Providers/Market MakersWhat Do Crypto Liquidity Providers DoBinance Spot Liquidity Provider ProgramLimited-Time Offer: Unlock Greater Rebates With the Promotional Fee Tier in Binance Spot Liquidity Provider Program! Terms & Conditions: The promotion is only available to users who qualify as liquidity providers in the Binance Spot Liquidity Provider Program from 2023-09-11 00:00 (UTC) to 2023-09-17 23:59 (UTC) (i.e., the Qualification Period).The promotion may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements.Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Spot and Binance Margin trading services in each country from which the services are accessed.Only maker trades on the aforementioned eligible Spot and Margin trading pairs will count toward the maker volume calculations in this promotion.Binance reserves the right to delist any of the Spot or Margin trading pairs listed above during the Promotion Period. All eligible maker volumes will still be counted for the purposes of this promotion.Calculation formula:[Increase in average weekly eligible maker volume %] = [Average weekly eligible maker volume % during the Promotion Period] - [ Weekly eligible maker volume % during the Qualification Period].[Average weekly eligible maker volume %] of each account = (Week 1’s [Weekly eligible maker volume %] + Week 2’s [Weekly eligible maker volume %] / 2 (weeks). [Weekly eligible maker volume %] of each account = [Weekly eligible Spot and Margin maker volume] of each account / [Weekly eligible maker volume] of Binance Spot and Margin markets.[Weekly eligible maker volume] = Sum of the seven [Daily eligible maker volume] during the week.[Daily eligible maker volume] = Sum of eligible maker volumes on Binance Spot and Margin markets on the day.Day: Each day runs from 00:00 (UTC) to 23:59 (UTC).Week: Each week runs from 00:00 (UTC) on Monday to 23:59 (UTC) on Sunday.Rewards Distribution:Winners will be notified via email and inmail within 30 days after the end of the Promotion Period.Token vouchers will be distributed to eligible liquidity providers within 30 days after the end of the Promotion Period. Users will be able to login and redeem their vouchers via Profile > Rewards Hub.The validity period for the voucher is set at 14 days from the day of distribution. Learn how to redeem a voucher.Binance reserves the right to disqualify user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).Binance reserves the right to determine and/or amend or vary these Terms & Conditions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done at its sole discretion for any reason, including:Changes in applicable regulations or policies;Obligations arising out of law or decisions issued by common courts or public administration;Anti-money laundering or combating financing terrorism rules;Technical issues beyond our control;Necessity to protect users from potential losses;Necessity to protect Binance from the loss of reputation;Extraordinary events or circumstances beyond our control (force majeure).Additional promotion terms and conditions can be accessed here.For more dedicated VIP and Institutional services, please refer to this link.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Thanks for your support! Binance Team 2023-09-13

This is a general announcement. Products and services referred to here may not be available in your region. Activity Period: 2023-09-11 00:00 (UTC) to 2023-10-01 23:59 (UTC) To kickstart the latest football season, Binance Fan Token is thrilled to launch the PORTO Trading Competition, where all users can complete trades on PORTO spot trading pairs during the Activity Period to get up to $750 in PORTO Gift Cards. On top of that, new users who sign up with Binance using the “PORTOTC” referral code or this referral link during the Activity Period, will also stand a chance to receive an additional PORTO Gift Card worth up to $5. A total of $7,500 in PORTO Gift Cards is available across both Activities. Activity 1: New User Exclusive - Sign Up With Binance Now to Get Up to $5 in PORTO Gift Cards The first 1,000 new users who register for a Binance account using the “PORTOTC” referral code or this referral linkduring the Activity Period, will each receive up to $5 in PORTO Gift Cards after they complete identity verification.Activity 2: PORTO Trading Competition - Complete Trades on PORTO Spot Trading Pairs & Get Up to $750 in PORTO Gift Cards All users who trade a total of at least $10,000 equivalent on any PORTO spot trading pairs during the Activity Period (including buys and sells), will be ranked by their total trading volume on PORTO spot trading pairs during the Activity Period. The top ten traders will then qualify to receive the following rewards: Ranking Based on Total Trading Volume on PORTO Spot Trading Pairs During the Activity PeriodReward for Each Eligible Participant (in PORTO Gift Card)1st Place$7502nd Place$5003rd Place$3504th Place$2505th Place $1506th -10th Places$100 How to Get Started: Step 1: Log in to your Binance account. If you don’t have a Binance account yet, register for an account now and stand a chance to get up to $5 in PORTO Gift Cards.Step 2: Trade a total of at least $10,000 equivalent on any PORTO spot trading pairs during the Activity Period. The top ten traders ranked by their total spot trading volume on PORTO spot trading pairsduring the Activity Period will each receive up to $750 in PORTO Gift Cards. Terms & Conditions: This product feature may not be available in your region. This content is not intended for users/countries where restrictions apply.Users can qualify for both Activity 1 and 2. The rewards in Activity 1 and 2 are not mutually exclusive.Activity 1:Only new users who sign up for a Binance account via the “PORTOTC” referral code or referral linkand complete identity verification during the Activity Period will be eligible to receive rewards. Rewards will be distributed on a first-come, first-served basis to 1,000 users who fulfill the aforementioned requirements. Activity 2:In the event that more than one eligible user reaches the same total trading volume on PORTO spot trading pairs during the Activity Period, the eligible user who attains the total trading volume at an earlier time will receive a higher ranking.PORTO Gift Cards will be sent via email to eligible winners within 30 days after the end of the Activity Period. Users can claim their PORTO Gift Cards on the Binance App or website. To redeem Gift Card rewards by Binance App, visit the Homepage > Profile > Gift Card > User. Please make sure your Binance App is updated to iOS 2.32.0 or Android 1.43.0, or later. To redeem Gift Card rewards via the Binance website, visit the Gift Card page.All the distributed PORTO Gift Cards will expire within 30 days after distribution. Eligible users should claim their PORTO Gift Cards before the expiration date.The actual value of PORTO Gift Card rewards is subject to change due to market fluctuation.Sub-accounts cannot be used to participate in these Activities.The Terms and Conditions for Prize Promotions apply to these Activities.Binance Fan Token reserves the right to disqualify users’ reward eligibility if Binance in its absolute discretion suspects that the account is involved in any dishonest behavior (e.g., illegally bulk registered accounts, self dealing).Binance Fan Token reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending these Activities, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. Thanks for your support! Binance Team 2023-09-11

How Much Electricity is Needed to Mine 1 Bitcoin? As a solo miner, an average of 266,000 kilowatt-hours (kWh) of electricity is required to mine a single Bitcoin (BTC). This process would take approximately seven years to complete, demanding a monthly electricity consumption of about 143 kWh. To put this into perspective, this monthly electricity consumption is roughly one-sixth of what a typical household in the United States consumed in 2021. Several critical factors demand close attention in the profitability of Bitcoin mining for solo miners. Among these, the price of electricity, the mining equipment hash rate and the network’s mining difficulty are paramount. While some miners opt to participate in mining pools to increase their chances of success, this study focuses on an extensive analysis of household electricity costs across the globe, providing insights into the distribution of these costs across different regions, and present valuable prospects for solo miners operating within a decentralized network. Bitcoin Mining Evolution’s Impact on Electricity Usage In the early days of Bitcoin’s inception in 2009, the mining process was relatively simple and required minimal electricity, utilizing desktop computers. However, as Bitcoin gained traction and global interest surged, the mining process evolved into a more intricate operation with the increasing utilization of specialized hardware, particularly application-specific integrated circuits (ASICs), becoming the standard. Unfortunately, these specialized tools come at the cost of significantly higher electricity usage, distancing mining from its earlier accessible nature. How Much Does it Cost to Mine 1 Bitcoin? (Household Electricity Costs) The average household electricity cost to mine 1 Bitcoin is $46,291.24, which is 35% higher than the average daily price of 1 BTC in July 2023 ($30,090.08). The regional differences in household electricity costs are significant, with Europe standing out with the highest average cost of household electricity, estimated at $85,767.84.  In contrast, the Asian region boasts the lowest average cost for solo miners at $20,635.62 when mining 1 Bitcoin. This region stands as the sole territory where the average household electricity costs make mining profitable for a solo miner. Still, the disparity between Lebanon’s low electricity cost of $266.20 and Japan’s high cost of $64,111.02 accentuates the disparate nature of electricity expenses within the region. Solo Bitcoin Mining is Most Profitable in Asia Globally, only 65 countries present profitability for solo mining of a single Bitcoin based solely on household electricity costs. Europe accounts for five of these countries, while the Americas, primarily in South America and the Caribbean, offer opportunities in eight nations. Africa emerges as a noteworthy region with 18 countries, and Asia stands out as the most significant contributor hosting 34 countries that offer the potential for profitable solo mining operations. Even with Crypto Bans, these Countries Provide Cheap Electricity for Bitcoin Miners Despite the opportunities, it is crucial to acknowledge that as of November 2021, a total of nine countries have completely banned the mining, trading and use of cryptocurrency completely. These nations primarily lie in Africa and Asia with five: Bangladesh, China, Iraq, Nepal, and Qatar located in Asia and four: Algeria, Egypt, Morocco and Tunisia located in Africa. An additional 42 countries have implemented implicit restrictions regulating the use of cryptocurrencies without a complete ban. Notably, all the completely banned countries except Morocco have the potential for profitable mining of 1 BTC by a solo miner. The Most Profitable Countries to Mine 1 BTC The top 10 countries where Bitcoin mining is most profitable due to low household electricity costs are predominantly in Asia and Africa: The Iraqi central bank banned the use of cryptocurrency back in 2017. Otherwise, Iraq would have made the list as the ninth cheapest country to mine Bitcoin. Although low electricity costs in some countries promise profitability, constant Bitcoin mining may overload the grid and lead to blackouts. This has been the case in Iran, a country that legalized Bitcoin mining in 2019 but has since prohibited legal operations on several occasions. This cycle of prohibition is mainly due to power shortages during the summer and winter months when electricity consumption usually spikes, despite the low mining electricity cost of $532.04. Similarly, in Iceland, a scarcity of power led to the country's national power company, Landsvirkjun, turning away new Bitcoin miners in 2021. The Most Unprofitable Countries to Mine 1 BTC It is unprofitable to mine Bitcoin in 82 countries, of which these are the top 10 most expensive countries with highest household electricity costs to mine 1 BTC: he most expensive electricity costs are in Europe, with nine of the 10 countries on the list from the region. The increase in household electricity prices within the European region has been attributed to various factors, including the global surge in wholesale electricity prices, which emerged amid the COVID-19 pandemic and growing international demand. Additionally, the 2022 heatwaves and the Russian invasion of Ukraine, which led to the suspension of gas deliveries to some EU member states, further compounded the situation, resulting in record-high electricity prices rendering Bitcoin mining largely unprofitable within the region.  How Many Units of Electricity are Consumed in an Hour of Mining Bitcoin? The amount of units used in mining 1 BTC in an hour is not as disparate as one might think when compared to other household appliances. The table below drives home the narrative that Bitcoin is not as severe as portrayed by mainstream media, as reviewed in our article that reframes the narrative on Bitcoin's environmental impact. Methodology This study examines the cost of mining one bitcoin (BTC) across 147 countries, in USD per kilowatts hour (USD/kWh). The electricity required to mine a single Bitcoin was derived by considering eight different mining models with varying hash rate values, and the average time it took to mine a single Bitcoin per model with a mining difficulty of 53,911,173,001,055.00. Bitcoin’s mining difficulty is precisely adjusted after 2,016 blocks have been mined, and this adjustment cycle is dependent on the number of participants active within the mining network and their collective hash power, as observed by CoinWarz Bitcoin calculator. The eight mining models with varying hashrate values and respective power consumption as follows: The cost of electricity for 147 countries in the format of USD per kWh was obtained from globalpetrolprices.com, and is accurate as of December 2022. This data was then processed and organized by country, region and sub-region. Finally, the average electricity consumption was multiplied by each country’s electricity cost to calculate the cost of mining one Bitcoin in each country. #BTC #bitcoin

After an issue involving the #CyberConnect (CYBER) token, one of the top cryptocurrency exchanges, Binance, has just chosen to repay consumers $1 million USDT (Tether). Due to liquidity restrictions on the Korean #cryptocurrency exchange Upbit, users who were harmed by a price differential on listed CYBER tokens will be compensated by the refund. According to Binance, the situation started when transactions on Upbit were hampered by a lack of liquidity on CYBER cross-chain bridges. Due to the price discrepancy between Upbit and other exchanges as a result, arbitrageurs began to borrow Bitcoin from Binance in order to take advantage of the price difference. As a result, because the staked tokens had been borrowed and over the loan limit, customers of Binance who had staked Cryptocurrencies in its Flexible Earn Program were unable to redeem their assets. Binance responded to the issue by acknowledging user criticism and truly apologising for the disruption created. The exchange reaffirmed its dedication to putting users' interests first and upholding a high level of community transparency. #Binance gave a thorough narrative of what happened before the incident. According to the explanation, the lack of liquidity for CYBER (ERC20) tokens led to an increase in loan requests for CYBER, which activated Binance's risk management algorithm. The exchange was forced to stop accepting new loan requests and dramatically raise lending interest rates. Although keeping a maximum borrowing limit as a safety net for redemptions, Binance has difficulties quickly granting the large number of redemption requests. Possible Delistings And Stricter Reviews Binance provided strategies for the future to improve user experience and reduce similar hazards. These actions include enhancing risk management procedures and dynamically altering loan interest rates. Binance also promised to perform tougher assessments of tokens with lesser market capitalization and even delist tokens with less liquidity from some programmes, according to their release dated September 7. Binance unveiled a distribution strategy for the $1 million USDT refund to make up for the inconvenienced consumers. It said that 887 affected customers would get a portion of the USDT tokens from the refund pool as well as extra CYBER tokens if they failed to redeem their CYBER Simple Earn Flexible Goods positions within a specified deadline. The allocation would be in accordance with the qualified users' daily average positions. The CyberConnect Foundation will distribute an equal number of CYBER Locked Trial Fund vouchers to each other user who had a position in one of the CYBER Simple Earn Flexible Products during the time frame in question. Incidents like this serve as a reminder of the significance of strong risk management systems and ongoing improvements to secure user interests and preserve trust in the ecosystem as the cryptocurrency sector continues to develop. According to the current market trend of stagnation, Binance Coin (BNB) is trading at $215. During the last day, it has slightly decreased by 0.2%, and over the last week, it has decreased by 1.3%. These numbers show that BNB's performance has been quite consistent given the market circumstances.