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Binance Triggers Elrond Mania! EGLD Price to “Moon-Soon”!

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The global crypto space is moving vigorously by achieving a new ATH of a $2.67 trillion market cap. While Bitcoin and Ethereum are stealing the show with 3.70% and 9.75% gains in 24 hours, prominent altcoin Elrond came out of the box to compete with these star cryptos. 

Binance Exchange Launches EGLD Staking Pool!

Elrond price remained constant for some time now with no significant gains. The platform came up with an exciting announcement on Thursday launching the EGLD staking pool on the Binance exchange.  Besides, the exchange achieved a new milestone of 100 billion trades recently. The recent surge in its reputation gives the Elrond network the perfect blow in the near future. 

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The combo is giving massive perks to the traders. EGLD staking will enable trades to earn commissions up to 55.49% annual per yield (APY) and share 100 EGLD rewards worth $19000.  

Traders can deposit and stake the token for 10, 30, 60, or 90 days to enjoy incredible annualized interest rates. The minimum locked staking limit is set for 0.2 EGLD. 

Other than this, the platform is keenly working on several projects to facilitate maximum benefits for the community. Recently, Elrond announced a collaboration with Woodstock fund The partner announced the huge investment on a project to build anon-custodial stakingservice. 

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Elrond Price to “Moon-Soon”!

After a decent correction at $225 for the past week. The altcoin broke out at crucial resistance reaching the $250 mark at the press time with 6.01% profits in 24 hours. A closer look at the 1-day chart highlights that the altcoin has formed Ascending parallel channel. There is the likelihood that the altcoin is close to brake out since the pattern is approaching its convergence zone. 

As more buyers are jumping in, the asset has the potential to surpass the $283 resistance mark. Another tug war could take place between buyers and sellers near ATH. If its recent staking program attracts new users, green candles could dominate outpowering the red taking the price rally beyond $300. On the contrary, the Elrond price could settle down below $225 if it fails to hold the present resistance. 

Collectively, the rest of the quarter looks bright for the EGLD price action. Once Bitcoin’s dominance starts to depreciate well below 40, then Elrond could become the first altcoin to enter the splendid altseason. However, the asset is focusing more on fundamentals to dominate the fast-approaching technological revolution.

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See how much Changpeng Zhao, Binance CEO, is worth

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  • Binance CEO reportedly worth $90 bn.
  • Forbes however, says Zhao is worth $1.9 bn.
  • Zhao to give all his wealth to charity.

Recently, Binance exchange CEO CHangpeng Zhao was announced the richest man in Ethnic China, with a value of around $90 billion. He is valued at hundreds of billions in USD, along with his exchange firm, Binance.

China Caijing magazine recently also published that Changpeng Zhao is among the top ten richest people globally, making him richer than the founders of Tiktok and Recent.

Most of his wealth is said to come from his 30 percent stake in Binance exchange which is disputed by Chinese Journalist Colin Wu, who alleges that Changpeng Zhao allegedly owns over 90 percent stake in Binance, which makes him the richest man on earth.

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However, per data on Forbes, Changpeng Zhao is worth $1.9bn, making him the 22nd richest person in Singapore, where he is temporarily based and 1,664th richest person on earth.

Charity: Changpeng Zhao reveals where all his wealth is going to

Weeks back, Zhao revealed that he owns a certain amount of Bitcoin and a large amount of Binance’s native token, Binance coin (BNB). Changpeng Zhao recently spoke with the Associated Press, sharing that most of his wealth comes from his crypto portfolio and his stake in his crypto exchange, noting that he is a “decent-sized shareholder in Binance.”

During the interview, Zhao said that he is determined to donate most of his wealth, claiming that he does not need much given his simple lifestyle.

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“I bought some Bitcoins in 2014. I spent a little bit of it over time, but I held onto most of it. I did not sell. The other asset I hold, which is the majority of my net worth, is BNB (Binance coin). Personally, I don’t hold any other coins. I am a decent-sized shareholder in Binance…I do intend to give away most of my wealth like many wealthy entrepreneurs or founders did from Rockefeller until today. I do intend to give away 90, 95, or 99% of my wealth,” he said.

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Chinese Magazine Estimates Binance CEO’s Net Worth, Here’s the Catch

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The world’s largest crypto exchange, Binance is valued at hundreds of billions in USD, along with the its CEO, Changpeng Zhao, who was recently announced as the richest man in Ethnic China, valuing him at $90 billion. According to statistics published by the China Caijing magazine, CZ is among the top ten richest people in the world, surpassing the founders of Tiktok and Tecent, along with being the richest man in Ethnic China.

However, there lays an exceptionally expensive twist in the narrative, as CZ’s worth of $90 billion is based on his 30 percent stake in Binance. Although, according to a prominent Chinese insider, along with Chinese Journalist, Colin Wu, CZ allegedly owns over 90 percent stake in Binance, potentially making him the richest man in the world.

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Binance CEO Plans to Donate up to 99% of his wealth

Earlier this month, CZ had revealed his crypto portfolio, noting that he owns a generous amount of Bitcoin and a considerable portion of Binance’s native token,  Binance coin (BNB). Changpeng Zhao recently spoke with the Associated Press, sharing that most of his wealth comes from his crypto portfolio and his stake in his crypto exchange, noting that he is a “decent-sized shareholder in Binance”. Nevertheless, nobody saw hundreds of billions worth in USD to be CZ’s worth until the recent reveal. Furthermore, Binance CEO is determined to donate most of his wealth, claiming that he does not need much given his simple lifestyle.

“I bought some Bitcoins in 2014. I spent a little bit of it over time, but I held onto most of it. I did not sell. The other asset I hold, which is the majority of my net worth, is BNB (Binance coin). Personally, I don’t hold any other coins. I am a decent-sized shareholder in Binance…I do intend to give away most of my wealth, like many wealthy entrepreneurs or founders did from Rockefeller until today. I do intend to give away 90, 95, or 99% of my wealth.”

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Binance resumes DOGE withdrawals days after Elon Musk’s comments

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Binance, one of the world’s largest cryptocurrency exchanges by daily trading volumes, has resumed Dogecoin (DOGE) withdrawals following a system glitch caused by the DOGE wallet upgrade.

The exchange officially announced on Monday that it had restarted DOGE withdrawals after experiencing a major issue where Binance users were unable to withdraw Dogecoin for 17 days.

Additionally, 1,634 users on Binance were sent old transactions due to a conflict of several DOGE wallet versions. This happened due to a “combination of unlikely factors” and ultimately affected only Binance. The exchange wrote:

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“In short, if 1) your platform had listed DOGE all the way back in 2019, at v1.14.0 2) had transactions stuck in the wallet 3) had upgraded the wallet to v1.14.2 4) AND then updated to v1.14.5 — you can have an issue.”

“Unfortunately for Binance, we had inadvertently threaded the needle with all of the above parameters, which led to the coins being re-sent and requiring a new wallet needed to be built,” the announcement reads.

Binance emphasized that “no single entity was at fault” as neither Binance nor the DOGE Network had prior knowledge of the issue.

The fix came after Tesla CEO Elon Musk brought up the issue on Twitter on Tuesday, arguing that Binance’s DOGE withdrawals problem was “shady.” Binance CEO Changpeng Zhao stated right away that the problem was related to the latest DOGE wallet upgrade.

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Dogecoin is a meme-based cryptocurrency that has been increasingly popular since Musk started actively promoting DOGE on Twitter in 2020. At the time of writing, DOGE is the 10th-largest cryptocurrency with a market capitalization of $27 billion. The price of DOGE has tumbled recently, with Dogecoin dropping more than 22% over the past 14 days, according to CoinGecko.

Dogecoin 30-day price chart. Source: CoinGecko

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