After a significant rally, Bitcoin has now corrected slightly from its high, sliding from ATH to the $66,000 level, marking a decrease of around 10% from its recent highs. Despite the Bitcoin correction investors are pouring money into a new revolutionary exchange named Fezoo, its presale is underway and investors are racing to grab their slots.
In recent times, Binance has faced many challenges with legal matters that have put its operations under observation, recently there was a summon from Nigerian authorities over some operations. With Ethereum, discussions are going on about adjusting Ethereum’s issuance curve due to staking concentration. With these problems, investors are now shifting towards Fezoo because of the huge potential ahead.
Binance Names Its First Board of Directors
Binance, the biggest cryptocurrency exchange globally, has taken a significant step by appointing its first-ever board of directors, signaling a shift in its operations amidst a bad year legally. In November, Binance faced a staggering $4.3 billion fine from the U.S. Department of Justice. This hefty penalty came after a prolonged investigation revealed breaches in anti-money laundering protocols, involvement in unlicensed money transmission and violations of sanctions.
Also in recent news Nigeria’s tax authority charged Binance with tax evasion, local news outlets reported Monday. The charges came after two senior executives of the crypto exchange were detained by authorities. Although Bitcoin making new highs is good news for Binance.
Ethereum Issuance Reduction Proposal
Conversations surrounding potential adjustments to Ethereum’s issuance curve are gaining traction on social media, with developers expressing varied opinions on the matter. Some advocate for changes to address concerns about staking concentration and other factors, while others oppose such modifications.
A recent article penned by Mike Neuder, a researcher affiliated with the Ethereum Foundation, underscores the importance of ensuring that any alterations to the issuance curve maintain the viability and proportional representation of solo stakers.
Amid problems Investors are making their way into Fezoo presale
Fezoo presale is becoming a huge attraction for investors, as crypto enthusiasts see its potential. Unlike traditional exchanges, Fezoo operates on a decentralized model, offering you full control over your funds without the need for extensive KYC checks. Signing up is simple: you just have to provide your email address and username to gain access to a wide range of trading pairs and liquidity options.
With the benefits mentioned above users can take advantage of a swap service with 0% commission charges. With a presale currently in Stage One, Fezoo tokens are priced at $0.013 and this could be just the start, the price can shoot up more from here. With stage one of the presale just starting, Fezoo has gained an impressive buyout in the market from over 1,300 investors and over 4,000 user sign-ins.
Visit the Fezoo presale website here to find out more.