Good News for UAE residents! Emirates NBD, also known as NBD bank, has recently launched cryptocurrency trading services through its digital banking arm. This means you can now buy, sell, and trade cryptocurrencies, including $BTC directly from the Liv X app.
Here's what you need to know:
Supported Cryptocurrencies: Initially, the platform will support five major cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, and Cardano. Security: Liv's crypto services are powered by Aquanow, a licensed crypto asset service provider, and secure asset storage is handled by Zodia Custody, an affiliate of Standard Chartered Plc. Availability: The service is available through the Liv X app, and users can buy, hold, and sell digital assets with ease. #BTC #BitcoinPolicyShift #NBD
Binance P2P is a hotspot for cryptocurrency trading, but it's also a breeding ground for deceitful schemes. Here are 7 common swindles on Binance P2P and how to outsmart them:
1. *Phony Payment Verification Scam*: Con artists falsely confirm payments without transferring funds. Verify transactions in your financial institution or wallet before handing over crypto.
2. *Reversal Scam*: Scammers retract payments, leaving sellers empty-handed. Opt for payment methods without reversal options and trade with trustworthy users.
3. *Proxy Payment Scam*: Scammers utilize someone else's bank account to make payments. Only accept payments from accounts matching the buyer's Binance username.
4. *Market Manipulation Scam*: Scammers create fake orders to distort market prices. Compare prices across multiple offers and steer clear of deals that seem suspiciously good.
5. *Imposter Support Scam*: Scammers masquerade as Binance support, requesting sensitive info or funds. Only contact Binance support through official channels.
6. *Hasty Release Trick*: Buyers coerce sellers into releasing crypto before payment confirmation. Never release crypto until payment is confirmed in your account.
7. *Arbitrage Exploitation*: Scammers exploit platform delays or hidden fees to resell crypto at inflated prices. Calculate transaction fees and hidden costs before trading.
To safeguard yourself on Binance P2P:
Trade with reputable users boasting high completion rates and positive feedback. Verify payment confirmations in your account before releasing crypto. Refrain from sharing sensitive info or clicking suspicious links. Report shady activity to Binance promptly. Stay vigilant! Best of luck dor your trades. #USCryptoReserve $XRP
Pakistan's recent appointment of Bilal bin Saqib as Chief Advisor to the Finance Minister for the Pakistan Crypto Council marks a significant milestone in the country's journey towards embracing decentralized finance (DeFi) and cryptocurrency regulation. As a renowned Web3 investor, strategic advisor, and thought leader in the blockchain ecosystem, Saqib will play a pivotal role in shaping Pakistan's digital asset framework, ensuring compliance with Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations, and fostering innovation in fintech, cryptocurrency trading, and non-fungible tokens (NFTs). With his expertise, Pakistan aims to establish itself as a hub for blockchain technology, cryptocurrency adoption, and digital entrepreneurship, while ensuring a secure, transparent, and regulated financial system for its citizens. #BilalBinSaqib $ADA #TrumpCongressSpeech
Binance's decision to discontinue its P2P Cash Zone feature marks a significant shift in the platform's transaction dynamics. As of March 31, 2025, users will no longer be able to buy and sell cryptocurrencies for cash in person with registered merchants. Binance's continued support for digital payment options on its P2P platform ensures that users will still have access to a range of convenient and secure transaction methods.