I have a very important question with regard to BNB coin. As in the top 50 IFG Crypto List, it is considered Halal but since Binance now largely offers yeild farming (which is considered not permissible as per the post i read in ifg forum).
As per my knowledge, Basic method of sharia screening is to identify core operations of the coin/tokens. Binance’s core operation is trading. So now could it include yeild farming, which could mean BNB is not not halal anymore?
Discover my investment gains. Follow for more insights! BNB is the native digital asset of BNB Chain, a blockchain ecosystem capable of supporting many different types of activity. Users harness BNB for many different purposes, including paying trading fees, governance (making decisions about the blockchain ecosystem) and staking. Users can also receive airdropped tokens by subscribing their BNB to Binance Simple Earn. $BNB
#BSCProjectSpotlight Binance coin came into existence in 2017 when it was sold through an initial coin offering (ICO). A total of 200 million units of this digital asset were created, and 100 million were sold via the ICO. Another 20 million units were allocated to angel investors and 80 million were issued to the founding team. Originally, binance coin was an ERC-20 token available on the Ethereum blockchain.
In April 2019, Binance released Binance Chain, its own custom blockchain. That same month, the exchange revealed that it would allow users to migrate their binance coin to the new blockchain, and that it would create BNB tokens as the Binance Coin tokens were eliminated.
$BNB BNB (formerly known as binance coin) is the native digital asset of BNB Chain, a blockchain ecosystem with a wide range of use cases. BNB is a utility token, in that it is used in many different functions of BNB chain, which consists of the blockchains BNB Smart Chain, BNB Greenfield and opBNB.
What Is BNB?
As a utility coin, BNB serves several purposes. More specifically, users can harness it to pay transaction fees at a reduced rate and interact with projects on the platform. They can also use it in governance, leveraging it to make decisions involving projects and protocols.
In addition, users can stake BNB, helping secure the network and earning rewards in the process. To take part, users are required to lock up their BNB, meaning they can’t sell or trade it for a certain time.
Further, users can harness BNB to benefit from airdrops, where they receive digital assets associated with new projects. To benefit from this, users can subscribe their BNB to Binance Simple Earn, which will allow them to receive airdropped tokens from several different mechanisms.
💬 What’s your strategy for trading JELLY JELLY? #WYSTStablecoin Wyoming is set to become the first U.S. state to launch its own fiat-backed stablecoin, announcing plans to roll out the $WYST token by July 2025. Fully backed by U.S. dollars and short-term treasuries, $WYST aims to offer a state-issued, blockchain-native payment option while maintaining price stability and regulatory clarity. This move marks a bold step in state-level crypto adoption and innovation, and could set a precedent for others to follow. 💬 What do you think about states issuing their own stablecoins? Create a post with the #JELLYJELLYFuturesAlert , #WYSTStablecoin , the $BNB cashtag or share your trader’s profile and insights to earn Binance points and a share of 10,000 USDC in rewards! (Press the “+” on the App homepage and click on Task Center) Activity period: 2025-03-27 06:00 (UTC) to 2025-03-28 06:00 (UTC)
#JELLYJELLYFuturesAlert $ Given the current market dynamics, engaging in JELLYJELLY trading requires caution. It's essential to conduct thorough research and consider risk management strategies before participating in futures trading. Jelly-My-Jelly (JELLYJELLY) Technical Analysis: Bullish Momentum Amidst High Volatility Jelly-My-Jelly (JELLYJELLY) is currently trading at approximately $0.01948, reflecting a significant increase of over 54% in the past 24 hours. The day's trading has seen a high of $0.04724 and a low of $0.00872, indicating substantial volatility. This price surge follows its recent listing on Binance, which has amplified market interest and trading activity. The 24-hour trading volume is approximately $312.4 million, indicating heightened market activity. Technical Summary: - Support Levels: $0.01500 and $0.01000 - Immediate Resistance: $0.02500 - Next Bullish Targets: $0.03000 and $0.03500 *Outlook: The recent price action suggests strong bullish momentum, likely driven by increased visibility from the Binance listing. However, the significant volatility, with a wide intraday range, indicates potential for rapid price fluctuations.
#RamadanGiveaway USDC (USDC) is an asset backed stablecoin whose value is pegged to the U.S. Dollar (USD).
Every USDC token in circulation is backed by $1 USD in cash or cash equivalents, such as short-term U.S. Treasury bonds held by regulated U.S. financial institutions. USDC has adopted the ERC-20 token standard, making it interoperable with all Ethereum-based applications. The token is now found on many other popular blockchains including Algorand, Solana and Tron.
The price predictability of USDC has allowed it to serve as a safe haven for cryptocurrency traders during periods of market volatility. USDC also enables a more efficient transaction of value in a stable digital currency across borders than has been the norm from traditional finance.
USDC’s utility is underscored by its extensive ecosystem of holders and service providers such as decentralized applications (dApps) and crypto trading platforms.
#TradersBootCamp Bootcamp has brought us a beautiful gift. Join the challenge now and win a $100 prize. Go and win $USDC. This is the new champion. Go and participate.
It seems like you're referring to a "Traders BootCamp," but the term "Ditals" is unclear. Could you clarify or provide more context? Are you looking for details about a specific trading boot camp, such as its curriculum, schedule, cost, or benefits? Let me know so I can assist you better!
If you're asking about a general trading boot camp, here are some common details you might expect:
1. Purpose: A trading boot camp is designed to teach participants the fundamentals of trading, including technical analysis, risk management, and trading strategies.
2. Duration: These programs can range from a few days to several weeks, depending on the intensity and depth of the course.
3. Curriculum: Topics often include: - Introduction to financial markets (stocks, forex, crypto, etc.) - Chart reading and technical analysis - Fundamental analysis - Trading psychology and discipline - Risk management and position sizing - Algorithmic and automated trading (in advanced courses)
4. Format: Boot camps can be online, in-person, or hybrid. They may include live trading sessions, mentorship, and access to trading tools.
5. Cost: Prices vary widely, from free introductory courses to premium programs costing thousands of dollars.
6. Target Audience: Beginners, intermediate traders, or advanced traders looking to refine their skills. If you have a specific boot camp in mind, feel free to share more details, and I can help provide more tailored information!
#TradersBootCamp is an intensive training program designed to equip traders with the skills, strategies, and mindset needed to succeed in financial markets. It typically covers topics like technical analysis, risk management, trading psychology, and market trends. These boot camps can be online or in-person, catering to beginners and experienced traders alike. Participants learn from industry experts through live sessions, hands-on exercises, and simulated trading environments. The goal is to enhance trading proficiency, improve decision-making, and build confidence in executing trades. Many traders join such programs to sharpen their skills and achieve consistent profitability in forex, stocks, or crypto trading.
#TradersBootcamp Trading riot Bootcamp is a comprehensive guide to how markets work, price action, orderflow, auction market theory and strategy building.
As of 2023, all lessons in Bootcamp were re-recorded with added examples and explanations.
On top of that, I added a brand new section that covers cryptocurrency-specific order flow concepts and tools more in-depth.
Since starting the website in 2020, I have received a lot of questions regarding different concepts and approaches to the market.
Bootcamp covers all the concepts and shows how to use them in trading.
Before you purchase this product, watch the introduction video below.
This Bootcamp is mainly for those interested in learning more about Price Action, Orderflow, Auction Market Theory and, most importantly, connecting all the concepts into a comprehensive trading system.
The investment landscape has also grown. Beyond price appreciation, today's token holders can earn passive income through staking, generate yields through decentralized finance (DeFi) protocols, and even earn transaction fees by providing liquidity to exchanges.
Popular Cryptocurrencies
Bitcoin (BTC): The first and most well-known cryptocurrency, Bitcoin is often considered "digital gold. Its dominance and network security make it the benchmark for the entire cryptocurrency market.
Ethereum (ETH): The second-largest cryptocurrency by market capitalization, known for its smart contract capabilities. Ethereum hosts thousands of decentralized applications (dApps).
Tether (USDT): The largest and most active stablecoin, USDT is pegged to the U.S. dollar at a one-to-one ratio. USDT serves as a crucial bridge between traditional finance and crypto markets.
Solana (SOL): Known for its high-speed transactions and low fees, Solana has emerged as a favored platform for meme coins and NFTs.
Ripple (XRP): Developed by Ripple Labs, XRP is designed for efficient international money transfers and cross-border settlements.
Dogecoin (DOGE): What began as a satirical commentary of the early crypto space, DOGE has gained a wide following among speculators, though its infinite supply and meme-like nature raises questions about its long-term value.
Other notable cryptocurrencies: Binance Coin (BNB), Cardano (ADA), and Stellar/Lumen (XLM).
$ETH The ERC-20 (Ethereum Request-for-Comments #20) Token Standard allows for fungible tokens on the Ethereum blockchain. The standard, proposed by Fabian Vogelsteller in November 2015, implements an API for tokens within smart contracts. The standard provides functions that include the transfer of tokens from one account to another, getting the current token balance of an account, and getting the total supply of the token available on the network. Smart contracts that correctly implement ERC-20 processes are called ERC-20 Token Contracts, and they keep track of created tokens on Ethereum. Numerous cryptocurrencies have launched as ERC-20 tokens and have been distributed through initial coin offerings.[69]
#TradingAnalysis101 Some traders use only technical analysis, while others prefer to rely on fundamental analysis when planning their trades. Sometimes these two trading approaches can be combined to create one robust trading strategy.
For example, a combination of technical and fundamental analysis could be used to better understand the correlation between oil and currency prices. This could help traders better understand the markets when taking a position on oil prices. For example, countries that produce and export oil in high volumes are dependent on high prices for oil. For them, a sharp drop in the price of oil would typically impact the value of the country’s currency.
Canada is a significant producer of oil and other energy products. In April of 2020, the Canadian dollar tumbled significantly against the US dollar, as the oil markets fell dramatically. Traders aware of the connection between oil and USD/CAD could have taken advantage of the Canadian Dollar’s recovery in the weeks following oil’s recovery by going short this pair until they saw a break in the trend.
Another example of being cautious and taking fundamental aspects into consideration, supply and demand in particular, was when the SARS-Cov-2 pandemic hit. The fear of coronavirus spreading and lockdowns being put in place around the world caused oil demand to drop sharply. U.S. warehouses were full of oil, there was nowhere to store it, and nobody wanted to buy it. The date of the May West Texas Intermediate Crude Oil contracts expiry was approaching, causing the price to be quoted negative for the first time in history, dropping from $18 a barrel to around -$37 a barrel.
$BTC Bitcoin is a decentralized cryptocurrency that uses peer-to-peer technology and a blockchain to record transactions. It was created by Satoshi Nakamoto and the first block was mined on January 3, 2009. Bitcoin transactions are recorded on a blockchain, which is a distributed ledger that can be accessed by anyone to verify transactions. Transactions are verified by miners, who are rewarded with a set amount of Bitcoin and transaction fees. The supply of Bitcoin is limited to 21 million coins and it is divisible to eight decimal places. A wallet is needed to use Bitcoin and it consists of a public key, which is used to send and receive payments, and a private key, which is used to control the wallet. Bitcoin can be used for a variety of purposes, including everyday transactions, as a store of value, or for investment.
Binance Coin is a versatile cryptocurrency token with multiple applications. Firstly, it can be used to trade cryptocurrency pairs on Binance DEX, a decentralized exchange that operates on Binance Chain. This makes Binance Coin a significant player in cryptocurrency trading. Furthermore, the token supports crypto staking, where users can lock up their tokens and earn rewards by participating in network security. Binance Coin also provides access to various financial services, including loans and insurance coverage. Finally, the token can be used to fund projects through Initial Coin Offerings (ICOs) and other crowdfunding methods. This demonstrates that BNB is a versatile token with many practical use cases.
Within the Binance ecosystem, BNB is primarily used as a utility token that provides users with discounts when paying their trading fees. Additionally, the fee structure changes based on trading volume (30 days) and account level.
Futures swapping became available alongside Binance spot trading in 2019. By 2022, there were nearly 1,500 Binance trading pairs in the spot market and 250 pairs available in the perpetual and quarterly futures markets.
Traders on the Binance crypto exchange can use leveraged tokens in both futures and spot markets. This allows customers to gain exposure to certain leveraged positions without the risk of liquidation. Several Binance crypto fees apply, including trading, subscription, redemption, management, and funding fees.
Binance trading pairs can be set up using two crypto assets or one cryptocurrency and one fiat currency. It does not facilitate trading between two fiat currencies. The platform also acts as an escrow for P2P trading. Market makers pay Binance exchange fees at a 0.1% rate on their orders, while takers aren’t charged for the transaction.
The Binance crypto exchange supports over-the-counter (OTC) trading for large-scale trades that exceed the value of $200,000. It uses Agency Execution Algos to optimize low liquidity orders without severely impacting the market.
By this indicator, the cryptocurrency occupies the 4th place in the ranking of the world's largest aggregator of cryptocurrency data, CoinGecko. Remember, the market capitalization of a digital asset is calculated by multiplying the price of BNB by its quantity in circulation. Currently, there are 153.86 million tokens on the market.
Features of BNB project
In this chapter, let’s delve deeper into what BNB is and the features it possesses.
Firstly, the BNB token operates exclusively on Binance Smart Chain (BSC), which is a blockchain with high throughput, quick transaction confirmations, and low fees. BSC was developed by Changpeng Zhao's team specifically for this purpose – for the fastest and most efficient trading of digital assets on their own exchange.
Secondly, BNB supports a variety of protocols, such as BEP-20, ERC-20, BEP-2, Avalanche, etc. This feature means that coins can be easily exchanged for any other cryptocurrencies and can be used on any other blockchains.
Thirdly, BNB coin holders can expect to receive discounts on fees when operating on the Binance exchange. However, the size of the discounts will directly depend on the number of coins held in the user’s account.
$BTC White House AI and crypto czar David Sacks described the reserve as a "digital Fort Knox" and said the government had been losing out on bitcoin's value by selling it prematurely.
Trump, who has a financial stake in a crypto business called World Liberty Financial that he and his family launched in Sept. 2024 and his own memecoin, promised on the campaign trail to make the United States the "crypto capital of the planet."
On Friday, flanked by Sacks and Treasury Secretary Scott Bessent, Trump applauded efforts in Congress to try and provide regulatory frameworks around cryptocurrency. He said he hoped lawmakers put legislation related to cryptocurrency on his desk before the August recess. "This is a tremendous opportunity for economic growth and innovation in our financial sector and will really go a long way," he said. "We feel like pioneers in a way."
The White House didn't release a guest list of who attended the event, but other administration officials like Commerce Secretary Howard Lutnick and head of the Small Business Administration Kelly Loeffler spoke — as well as Cameron and Tyler Winklevoss, twins who founded the Gemini crypto exchange.
#CryptoMarketWatch Even as cryptoassets continue to make significant inroads into mainstream financial policy conversations, one significant obstacle and gap in the U.S. marketplace continues to hinder industry growth and expansion; the purpose of staking cryptoassets. This obstacle reflects a continued misunderstanding of what staking represents from a technical and network perspective, even if the taxability of staking rewards remains a contentious point for some in the marketplace.
Crypto staking, despite commentary to this effect, is not an investment in a product or service itself; rather it is an integral component of how proof-of-stake blockchains are secured and how transactions that take place on these blockchains are ultimately validated. With SEC Commissioner Hester Peirce leading efforts to pivot and revamp the SEC’s approach to cryptoasset regulation and treatment, there is optimism that this clarification will become more widely understood in U.S. policy circles. February 2025 brought this to the front burner, as the SEC acknowledged the proposal by Grayscale in include staking activities in the Ethereum ETFs already offered by the firm, with a decision expected by May 2025.