Binance has become the apple of the US regulator’s eyes after FTX fell in the last quarter of 2022. The US Department of Justice went after the exchange, seeking compensation worth $4 billion to resolve a years-long battle between the two entities.
In an announcement earlier this week, the exchange agreed to pay a fine of $4 billion, while its CEO, Changpeng Zhao, agreed to step down.
It’s interesting to see if this can have a beneficial impact on the company’s native token – Binance Coin (BNB), and some other ongoing token presales in the meantime.
Binance SEC Battle – Will BNB Go Up?
Binance and SEC have been on a rampage against each other since the collapse of the FTX Exchange. The two entities have unfolded drama in the industry despite shifting market sentiments from bearish to bullish. Binance has remained stoic despite allegations made by the SEC’s concerns about Binance’s operations.
This was until a few days ago, when the US Department of Justice announced that they had reached an agreement with the exchange. According to it, Binance has to pay a fine of some $4.3 billion, while CZ had to step down as a CEO. The move sent ripples, but now experts are wondering if this can turn into a positive.
The question now is what the implications would be on coins like BNB and potentially some new presales like Bitcoin Spark.
Bitcoin Spark’s Launch is Approaching
Bitcoin Spark community members are already close to reaping massive profits from a project that is still under development. The Bitcoin Spark ecosystem is on the verge of exploding to mainstream adoption, with steps already in place to maintain a stable price movement upon mainnet release and exchange listings.
The project has an ICO running closer to an end, with the last phase (phase 10) already halfway through. Bitcoin Spark’s presale has been trending since phase 1 as investors, whales, and institutions have become more interested in the utilities provided by the DeFi platform.
One major attractive feature of the Bitcoin Spark ecosystem is the project’s advanced blockchain technology. The Bitcoin Spark developers have reinforced the ecosystem’s blockchain with new-generation technology to foster Web3 activities at cheaper and faster rates. The blockchain technology is still under beta tests from pre-selected beta testers, who are currently interacting with the Bitcoin Spark smart contract’s execution layer to highlight potential issues ahead of the mainnet release. The project’s developers are working with a team of developing hackers to ensure the blockchain’s security standards are upheld, and all loopholes that could jeopardize the security standards of the network are sealed.
Bitcoin Spark’s end of ICO Bonus Event Shines Ahead of Launch
While Binance and the SEC are resolving issues, Bitcoin Spark is celebrating a major milestone involving the end of its presale.
The objective, once the founders’ dreams, is finally becoming a reality. The developers have organized a mega presale bonus for phase 10 participants to honor the community members’ participation so far. This bonus event will allow the users to accumulate more BTCS tokens ahead of Uniswap and XT.com listings, which is expected to happen on November 30th, opening Bitcoin Spark’s gates to the entire crypto community.
The listings will see Bitcoin Spark’s BTCS retail at $10 (if successful) while phase 10 participants are buying the same digital asset at $3.75 per token. Official communication on the presale bonus event will be made public on Twitter (X) and other social channels soon, so follow the project’s socials for first-hand knowledge.
Learn more about Bitcoin Spark on:
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