<img src ='http://api.technicallook.com/binance_ceo.webp' alt = 'Unraveling the Binance Controversy'><br><p>In a shocking turn of events, Binance, one of the world's largest and most trusted cryptocurrency exchanges, has agreed to pay a staggering $4.3 billion to settle a case with the US Government as Changpeng Zhao has been arrested for Conducting. This unprecedented development has sent shockwaves through the crypto community and beyond, marking a significant chapter in the regulatory landscape of digital assets.</p><br><strong><h2 class='text-2xl'>Criminal Charges and Allegations:</h2></strong><p>The US Government has dropped some serious criminal charges against Binance, including conspiracy, conducting an unlicensed money-transmitting business, and violating the International Emergency Economic Powers Act. These charges reflect the government's deep concerns about Binance's operations and its impact on national and international financial security.</p><br><strong><h2 class='text-2xl'>Terrorist Connections:</h2></strong><p>Perhaps the most alarming revelation is the accusation that Binance allowed transactions involving terrorist organizations such as ISIS, Al Qaeda, and Hamas on its platform. The US Government's claim raises critical questions about the effectiveness of Binance's security measures and its commitment to preventing illicit activities on its platform.</p><br><strong><h2 class='text-2xl'>Ban on Changpeng Zhao (CZ):</h2></strong><p>As a direct consequence of these charges, the US Government has banned Changpeng Zhao (CZ), the CEO of Binance, from engaging in and managing the exchange's operations. This move underscores the severity of the allegations and the government's determination to hold individuals accountable for their roles in facilitating unlawful financial activities.</p><br><strong><h2 class='text-2xl'>Legal Ramifications for CZ:</h2></strong><p>Changpeng Zhao (CZ) is reportedly facing an 18-month prison sentence as part of a plea deal with the US Government. This development puts the CEO at the centre of a legal maelstrom and raises questions about the future leadership of Binance.</p><br><strong><h2 class='text-2xl'>Massive User Fund Withdrawals:</h2></strong><p>Following the US Government's indictment, Binance has witnessed a substantial exodus of funds, with users withdrawing a staggering $1.3 billion from the platform. This mass withdrawal reflects the loss of trust among users and the potential consequences of the legal challenges Binance is currently facing.</p><br><strong><h2 class='text-2xl'>Conclusion:</h2></strong><p>The Binance controversy serves as a stark reminder of the evolving regulatory landscape surrounding cryptocurrencies. As governments worldwide grapple with the challenges posed by digital assets, this case underscores the importance of robust compliance measures within the crypto industry. The aftermath of this settlement will undoubtedly shape the future of Binance and influence how other cryptocurrency exchanges navigate the delicate balance between innovation and regulatory compliance.</p><br>

Unraveling the Binance Controversy: A $4.3 Billion Settlement Shakes the Crypto World

<img src='https://raw.githubusercontent.com/ItsTechnicalLook/don/refs/heads/main/uploads/whatIsMining.webp' alt='What is Crypto Mining? How does mining work? Why is mining important?' /><p>Mining is the process by which networks of specialized computers generate and release new Crypto Coins and verify new transactions.<br>It involves extensive, decentralized networks of computers around the globe that verify and secure blockchains – the virtual ledgers that document every cryptocurrency transaction ever done. In return for contributing to their processing power, computers on the network are rewarded with new coins. It’s a righteous circle: the miners maintain and secure the blockchain, the blockchain rewards some coins, and the coins provide an incentive to the miners to maintain the blockchain. Let's take a technical look at how crypto mining works.</p><br><strong> <h3 style='font-size:20px'>How does mining work?</h3></strong><p>There are three primary ways of getting Bitcoin, Ethereum and other cryptocurrencies. </p><ul style='list-style-type: upper-roman; list-style-position: inside; '> <li>You can buy them from an exchange like Binance,MEXC,etc.</li> <li>Receive them as payment for goods or services.</li> <li>'Mine' is, what we are going to explain here using Bitcoin as our example because it is the OG coin.</li></ul><br><p>You might have thought of trying to mine Bitcoin by yourself which could have brought you to our blog. There was a time when anyone with a decent PC at home could mine crypto. But as the years have passed blockchain has grown exponentially and the computational power required to maintain it has advanced too. </p><br><p>Specialized computers execute the calculations required to verify and record every new Bitcoin transaction and ensure the blockchain is secure. Verifying the blockchain requires an extensive amount of computing power, which is willingly contributed by miners. </p><br><p>Bitcoin mining is a lot like running a data centre. We purchase the mining hardware and pay for the electricity needed to keep it up and running while making sure the environment is cool enough to stabilize the computers. For this thing to be profitable, the value of the accumulated coins must be higher than the expense of mining those coins.</p><br><strong> <h3 style='font-size:20px'>Why should Miners do Crypto Mining? </h3></strong><p>The network holds a lottery. Every computer on the network races to be the first to guess a 64-digit hexadecimal number known as a “hash.” The faster a computer can spit out guesses, the more likely the miner is to earn the reward. </p><br><p>The winner updates the blockchain ledger with all the newly verified transactions – thereby adding a newly confirmed “block” containing all of those transactions to the chain – and is granted a predetermined amount of newly minted bitcoin. (On average, this happens every ten minutes.) In fact, as the difficulty of mining increases with time, the reward keeps on decreasing until there are no more bitcoins left to be mined.</p><br><p>It is a fact that the total number of bitcoins that will ever exist is limited to 21 million. Based on current calculations, the last block is predicted to be mined in the year 2140. From that point in time, miners will no longer rely on newly issued Bitcoin as a reward instead will depend on the fees they charge for completing transactions.</p><br><strong> <h3 style='font-size:20px'>Why is mining important?</h3></strong><p>Beyond unleashing new coins into circulation, mining is central to Bitcoin’s (and many other cryptocurrencies’) security. Mining verifies and secures the blockchain, which allows cryptocurrencies to function as a peer-to-peer decentralized network without any need for supervision from a third party. And it creates the incentive for miners to contribute their computing power to the network.</p>

What is Crypto Mining? How does mining work? Why is mining important?

<img src='https://raw.githubusercontent.com/ItsTechnicalLook/don/refs/heads/main/uploads/cyindia.webp' alt ='India ranks second in global cryptocurrency transaction volume'><p>According to a new report by Chainalysis which is a well-known American blockchain analysis form, India is the top cryptocurrency market in the world and indeed of the most difficult tax laws in the country don't appear to have dehydrated the gigantic demand for digital tokens.</p><p>“India leads the world in grassroots adoption as measured by our Global Crypto Adoption Index, but perhaps even more impressively has become the second-largest crypto market in the world by raw estimated transaction volume, beating out several wealthier nations,” Chainalysis said in its Global Crypto Adoption Index 2023 report, this report identifies countries where investors are putting the greatest share of their wealth into cryptocurrencies.“Within the last year, regulatory agencies have provided more clarity on many issues, for instance formally decreeing that its money laundering rules will apply to cryptocurrency transactions,” it said.</p><p>The taxes on the gains are flat 30 per cent which is higher when compared with other investments such as equities. Moreover, a charge of 1 per cent is also charged which is known as Tax Deducted at Source (TDS) which has to be paid by the user.'The fact that India, the Philippines and Pakistan were all ranked among the top 10 in our 2023 Global Crypto Adoption Index bodes well for the UAE” Kim Grauer, research director at Chainalysis, said.</p><p>“These nationalities represent a significant portion of the UAE’s expat population, and the surging popularity among people of these nations is likely to correlate with increased crypto adoption in the Emirates as well.' There are many factors that effects the adoption of cryptocurrencies worldwide which have led to different usage for different types of cryptocurrency services/ usage.</p><p>While centralised exchanges take up the majority of web traffic in all of these countries, Chainalysis said there are some country-specific trends in this year’s research.The Philippines has a huge share of crypto-related web traffic running around the gaming and gambling platforms at 19.9 per cent while Vietnam is just below at 10.8 per cent.“From being a hedge against hyperinflation as in Pakistan, to potentially serving as an additional source of income as in the Philippines, the variation in grassroots utilisation demonstrates just how versatile cryptocurrencies are and how effectively they can be adapted to the context of a particular nation,” Ms Grauer said.</p><p>The Chainalysis report also revealed that this year's Crypto Adoption Index is being majourly dominated by two countries named as Turkey (ranked 12) and Morocco (20), the Chainalysis report revealed.'These lower-middle-income countries have seen the greatest recovery in grassroots crypto adoption over the last year,' the research found. The report said thatlower-middle-income countries “, the report indicates that crypto can be a very vital part of the near future.Cryptocurrencies can aid developing economies in bridging the digital divide and promoting financial inclusion, according to Brock Pierce, a billionaire pioneer in blockchain technology. He made this statement during a panel discussion at a 2021 future-of-finance event hosted by the Middle East Futures forum.</p><p>Top 10 countries for being the base of crypto adoption in 2023 - </p><ol style='list-style-type: upper-roman; list-style-position: inside; '><li>India</li><li>Nigeria</li><li>Vietnam</li><li>United States</li><li>Ukraine</li><li>Philippines</li><li>Indonesia</li><li>Pakistan</li><li>Brazil</li><li>Thailand</li></ol>

India is the second largest country in terms of volume of cryptocurrency transactions on a global scale

<div style='text-align: justify; text-justify: inter-word;'><style>.btn { padding: 1.1em 2em; background: none; border: 2px solid #fff; font-size: 15px; color: #131313; cursor: pointer; position: relative; overflow: hidden; transition: all 0.3s; border-radius: 12px; background-color: #ecd448; font-weight: bolder; box-shadow: 0 2px 0 2px #000;}.btn:before { content: ''; position: absolute; width: 100px; height: 120%; background-color: #ff6700; top: 50%; transform: skewX(30deg) translate(-150%, -50%); transition: all 0.5s;}.btn:hover { background-color: #4cc9f0; color: #fff; box-shadow: 0 2px 0 2px #0d3b66;}.btn:hover::before { transform: skewX(30deg) translate(150%, -50%); transition-delay: 0.1s;}.btn:active { transform: scale(0.9);} .button { width: 50px; height: 50px; border-radius: 50%; background-color: rgb(20, 20, 20); border: none; font-weight: 600; display: flex; align-items: center; justify-content: center; box-shadow: 0px 0px 20px rgba(0, 0, 0, 0.164); cursor: pointer; transition-duration: .3s; overflow: hidden; position: relative;}.svgIcon { width: 12px; transition-duration: .3s;}.svgIcon path { fill: white;}.button:hover { width: 140px; border-radius: 50px; transition-duration: .3s; background-color: rgb(255, 69, 69); align-items: center;}.button:hover .svgIcon { width: 50px; transition-duration: .3s; transform: translateY(60%);}.button::before { position: absolute; top: -20px; content: 'Download'; color: white; transition-duration: .3s; font-size: 2px;}.button:hover::before { font-size: 13px; opacity: 1; transform: translateY(30px); transition-duration: .3s;}.blinking-div { font-size: 24px; color: red; animation: blink 2s infinite;}@keyframes blink { 0% { opacity: 1; } 50% { opacity: 0; } 100% { opacity: 1; }}</style><p class='mt-2'> Tari is the L1 protocol that is powered by its users. Proof of work, beautiful apps anyone can use, and an ingenious app platform to put all of its power in your hands.</p><img src='https://raw.githubusercontent.com/ItsTechnicalLook/don/main/uploads/tariTestnet.webp' alt='' class='m-2'><strong><h2 class='text-2xl'>What is Tari?</h2></strong><p class='mt-2'>Tari is a highly versatile blockchain protocol built in Rust. It is ultra-high performance, infinitely scalable, and open-source. Its unique confidentiality features keep users safe and enable vast new use cases.</p><strong><h2 class='text-2xl'>How do you earn from Tari?</h2></strong><p class='mt-2'>We have to run the node of the Tari on our desktop and then mine some testnet Tari (tXTR), which can be used to buy merch or Tari and maybe later on converted to the Tari main net token which we can sell or hold from profit.</p><strong><h2 class='text-2xl'>How do we set up the desktop node of Tari?</h2></strong><p class='mt-2'>Just go to <a href='https://www.tari.com/#downloads'>this link</a> and follow the steps given on their websiteAfter installation just connect your Twitter (X) and the mining will start.</p><p class='mt-2'>Note - Make sure to update the Tari app daily to make sure you are getting the latest features.</p><p class='mt-2'>Tari official website - <a href='https://www.tari.com'>Tari Website</a></p><div class='blinking-div m-2'>Warning: If you invest any amount of money, you are responsible for conducting your own research. We are not liable for any future crises. This is for educational purposes only.</div><div class='m-2' style='display:'>Download the app - <div class='' style='display: flex; gap: 10px;'><a href='https://apps.apple.com/us/app/tari-aurora/id1503654828'><button class='button'><svg fill='#000000' class='svgIcon' width='' height='' viewBox='-52.01 0 560.035 560.035' xmlns='http://www.w3.org/2000/svg'><g id='SVGRepo_bgCarrier' stroke-width='0'></g><g id='SVGRepo_tracerCarrier' stroke-linecap='round' stroke-linejoin='round'></g><g id='SVGRepo_iconCarrier'><path d='M380.844 297.529c.787 84.752 74.349 112.955 75.164 113.314-.622 1.988-11.754 40.191-38.756 79.652-23.343 34.117-47.568 68.107-85.731 68.811-37.499.691-49.557-22.236-92.429-22.236-42.859 0-56.256 21.533-91.753 22.928-36.837 1.395-64.889-36.891-88.424-70.883-48.093-69.53-84.846-196.475-35.496-282.165 24.516-42.554 68.328-69.501 115.882-70.192 36.173-.69 70.315 24.336 92.429 24.336 22.1 0 63.59-30.096 107.208-25.676 18.26.76 69.517 7.376 102.429 55.552-2.652 1.644-61.159 35.704-60.523 106.559M310.369 89.418C329.926 65.745 343.089 32.79 339.498 0 311.308 1.133 277.22 18.785 257 42.445c-18.121 20.952-33.991 54.487-29.709 86.628 31.421 2.431 63.52-15.967 83.078-39.655'></path></g></svg></button></a><a href='https://play.google.com/store/apps/details?id=com.tari.android.wallet&hl=en_IN'><button class='button'><svg fill='#000000' version='1.1' class='svgIcon' xmlns='http://www.w3.org/2000/svg' xmlns:xlink='http://www.w3.org/1999/xlink' width='' height='' viewBox='0 0 512 512' enable-background='new 0 0 512 512' xml:space='preserve'><g id='SVGRepo_bgCarrier' stroke-width='0'></g><g id='SVGRepo_tracerCarrier' stroke-linecap='round' stroke-linejoin='round'></g><g id='SVGRepo_iconCarrier'> <g id='b75708d097f2188dff6617b0f00f7c43'> <path display='inline' d='M120.606,169h270.788v220.663c0,13.109-10.628,23.737-23.721,23.737h-27.123v67.203 c0,17.066-13.612,30.897-30.415,30.897c-16.846,0-30.438-13.831-30.438-30.897v-67.203h-47.371v67.203 c0,17.066-13.639,30.897-30.441,30.897c-16.799,0-30.437-13.831-30.437-30.897v-67.203h-27.099 c-13.096,0-23.744-10.628-23.744-23.737V169z M67.541,167.199c-16.974,0-30.723,13.963-30.723,31.2v121.937 c0,17.217,13.749,31.204,30.723,31.204c16.977,0,30.723-13.987,30.723-31.204V198.399 C98.264,181.162,84.518,167.199,67.541,167.199z M391.395,146.764H120.606c3.342-38.578,28.367-71.776,64.392-90.998 l-25.746-37.804c-3.472-5.098-2.162-12.054,2.946-15.525c5.102-3.471,12.044-2.151,15.533,2.943l28.061,41.232 c15.558-5.38,32.446-8.469,50.208-8.469c17.783,0,34.672,3.089,50.229,8.476L334.29,5.395c3.446-5.108,10.41-6.428,15.512-2.957 c5.108,3.471,6.418,10.427,2.946,15.525l-25.725,37.804C363.047,74.977,388.055,108.175,391.395,146.764z M213.865,94.345 c0-8.273-6.699-14.983-14.969-14.983c-8.291,0-14.99,6.71-14.99,14.983c0,8.269,6.721,14.976,14.99,14.976 S213.865,102.614,213.865,94.345z M329.992,94.345c0-8.273-6.722-14.983-14.99-14.983c-8.291,0-14.97,6.71-14.97,14.983 c0,8.269,6.679,14.976,14.97,14.976C323.271,109.321,329.992,102.614,329.992,94.345z M444.48,167.156 c-16.956,0-30.744,13.984-30.744,31.222v121.98c0,17.238,13.788,31.226,30.744,31.226c16.978,0,30.701-13.987,30.701-31.226 v-121.98C475.182,181.14,461.458,167.156,444.48,167.156z'> </path> </g> </g></svg></button></a></div></div>Download and setup the node - <br>Join the testnet for free—just click the Join Now button below.<br><a href='https://airdrop.tari.com/?referralCode=IvsgpkxlUf'><button class='btn m-2'>Join Now</button></a><a href='https://airdrop.tari.com?referralCode=Zy2OAVgOQg'><button class='btn m-2'>Join Now</button></a><p class='mt-2'>(these are refer links, these links help us run the website and bring this knowledge to you)</p></div>

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Unraveling the Binance Controversy: A $4.3 Billion Settlement Shakes the Crypto World

By Technical Look | 2025-02-06

What is Crypto Mining? How does mining work? Why is mining important?

By Technical Look | 2025-02-06

India is the second largest country in terms of volume of cryptocurrency transactions on a global scale

By Technical Look | 2025-02-06

Tari Airdrop

By Technical Look | 2025-02-06