all41author As BNB overcomes legal challenges, $GFOX is gaining momentum due to its diverse ecosystem and investment opportunities.
In an unexpected turn, the recent negative court verdict against Binance has positively impacted $ BNB's price. Instead of expected mishaps, $BNB has exploded past $300. This news is an exciting development for the Binance community and the cryptocurrency market as a whole. On the other hand, $GFOX has passed $2 million as investors have bought over 1.9 billion of its tokens. Let's look at what makes these new developments possible.
Monday, 18th of December 2023, was an unforgettable day for Binance at the United States District Court of the Northern District of Illinois. The judge validated a consent order that unseated Changpeng Zhao as the Binance CEO.
Before the final judgment, the Justice Department had accused Binance of violating U.S. laws, including money laundering and illegal transactions in the states. The department further stated that Binance and its CEO provided a transaction avenue for terrorists and illicit acts. In addition, the company had its way of profiting from the U.S. market without considering the laws.
To avoid a drastic setback as the leading cryptocurrency exchange with a large number of members, Binance agreed with the Justice Department. In their documented deal, U.S. citizens can only trade on Binance.US for proper monitoring instead of Binance.com.
In addition, the judge ordered Changpeng Zhao to step down as the CEO, but he can hold on to his ownership right. Coupled with that, C.Z. was to pay $50 million while the company should pay a $4.3 billion fine.
The breakdown of the penalties is a whooping payment of $2.7 billion for illegal exchange. Parts of the fines are $1.35 billion in compensation for illegally acquired transaction fees and a $1.35 billion fine remitted to the Commodity Futures Trading Commission. Shockingly, Samuel Lin, the former CCO of Binance, also went home with a civil monetary fine of $1.5 million.
At the end of the session, the court ordered Binance to have substantial operational adjustments, highlighting the need for a robust corporate governance framework at Binance. The verdict includes having a Board of Directors with independent members, a Compliance Committee, and an Audit Committee within the Binance administration.
During this long trial, there was a shakeup in the crypto-verse as BNB, BTC, and Eth dropped in price. However, the recent development now clarifies how Binance can continue its transactions in the U.S. Additionally, this news repositions the platform at the forefront of global exchange. It has also attracted more members and recorded a remarkable trade volume that soared beyond $15 billion.
In conclusion, BNB, the adopted token of Binance, the world's largest cryptocurrency exchange, has not only soared but keeps striving.
Another exciting news for the crypto world is the meteoric rise of $GFOX, now over $2 million. As we enter 2024, Galaxy Fox has a price of $0.001749 in its 6th stage with over $2 million raised. Also, its investors have possessed over 1.9 billion tokens as they anticipate entering its 7th stage.
Indeed, Galaxy Fox is the most promising and prominent meme coin among other coins you can invest in during this presale season. Besides its meme coins, Galaxy Fox's ecosystem features P2E gaming tokens, which attract more players. Members earn $GFOX tokens playing this web3 runner game after they emerge as one of the top performers in the game.
In addition to its exciting exploration, there are provisions to improve your avatar's features, strength, and accuracy on the $GFOX P2E game. Players get these boosters by using their $GFOX tokens.
More so, at the concluding part of each season, weekly and monthly, the highest-ranking 20% of players on the leaderboard receive in-game currencies as rewards. Plus, these rewards are convertible to $GFOX tokens, which you can later change to real money.
What's more? Galaxy Fox creates an avenue for Non-Fungible Tokens and a marketplace for its members. Users can mint their NFTs from Galaxy Fox and trade them on other NFT platforms. Also, holders can access Galaxy Fox Stargate rewards for staking $GFOX tokens. As a result, it supports users in having more financial benefits and promising storage for their $GFOX tokens.
These fun-filled opportunities found in Galaxy Fox are the reasons why it keeps expanding. Surprisingly, it might have sold out beyond 2 billion tokens and entered a $2.5 million valuation before 2024. So, do not hesitate to be among its investors before it enters stage 7.
>>CLAIM YOUR $GFOX 20% NEW YEAR BONUS CODE: NEWYEAR2024<<
Overall, Galaxy Fox tokens have a lot of benefits for its members. The token's ecosystem provides investors with a diverse range of opportunities, combining both meme coins and P2E games. In addition, its financial strengths lie in its tokenomics, treasury, token burns, staking, token taxes, and NFT royalties. All these features ensure its sustainability and attractive investment environment.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $275. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
See how far Meme Moguls, Mina and Polygon can spike based on the latest projections by analysts.
Mina (MINA) was designed from the ground up to be the lightest blockchain and utilizes a prover to verify it. The crypto has recently experienced a bullish breakout, where its price jumped by 37% within a single week.
Polygon (MATIC) also showcased strong momentum as its value entered a bull run, but they are not alone. The upcoming meme-inspired simulated trading platform Meme Moguls (MGLS) can dominate the industry following its launch. We will go over all three to see which is the best cryptocurrency to invest in.
Mina (MINA) is on a bullish breakout, and the price performance on its chart is an indication that its outlook is positive. The most optimistic view of the analysis estimates that it can reach significant gains by the end of the year, especially after it increased from $0.85 to $1.46 during the past week.
In the past 30 days, Mina has increased in value by 75%, and the total annual increase was by 175%. Now, the Mina market cap is at $1,264,068,337, and its trading volume is at $100,587,443.
Analysts are bullish on its future, and according to the Mina price prediction, in 2024, it can move from a low point of $1.89 to a maximum value of $2.33.
Polygon (MATIC) recently also experienced a price rally where it exploded higher and became one of the largest cryptocurrencies with a market cap of $9,406,101,685. The latest Polygon pump led to the crypto seeing a jump from $0.78 to $1.08.
During the past week, the altcoin is up by a total of 30%, and the crypto could increase significantly further in the upcoming weeks based on Polygon projections.
The daily transactions on the network have elevated as well, and the network saw an uptick in fees and DEX trading volumes. According to the Polygon price prediction, it can surge to $1.85 by the end of 2024.
Meme Moguls (MGLS) is an upcoming platform where anyone can learn how to make investments and improve their strategies. Its unique meme-inspired platform will pave the way for the future of TradFi as it will enable anyone to access simulated trading.
Players can even access a Farming Program, where they can access staking pools. Here, they can contribute their MGLS balance to receive fixed monthly capital gains.
Players can compete with one another in this ecosystem and can climb up the leaderboards, as a result, in increasing their ranks even further. The higher they go, the more rewards they can attain and can unlock Moguls status.
The platform will also introduce non-fungible tokens (NFTs), which they can buy or even sell for additional capital gains. They also offer benefits, such as enhancing trading capability while also improving trading conditions.
Mina has seen a major upswing and is trending, and Polygon can rise even further in 2024. These aspects have not discouraged traders from diversifying, and the go-to crypto in this regard is Meme Moguls.
🚀 Major Milestone Achieved! 🌟
💥 1M Raised! 💥
🎉 A huge thank you to our incredible moguls for making this happen!
Your passion is turning dreams into reality. 💯
Let's keep this momentum going!#memecoins pic.twitter.com/L6tcJ1hUVJ
The project has raised $1 million and is now undergoing stage three of the presale, the MGLS crypto trades for $0.0025. At launch, analysts are projecting a 5,000% climb following its listing on Tier-1 exchanges. These aspects make MGLS the best cryptocurrency to invest in.
Learn more about the $MGLS here:
Visit Meme Moguls | Join the Community
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $360. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Sponsored
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
